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Killer Alabama Tornadoes Didn’t Discriminate – Tragic Yet Powerful Storms vs. Manufactured Housing, Conventional & Commercial Construction Insights

March 8th, 2019 Comments off


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Roughly 40 storms that struck 4 states were among the “tornados that devastated our state and left 23 people dead” said the Alabama Manufactured Housing Association’s Lance Latham to the Daily Business News on MHProNews. The tragic deaths apparently occurred in all types of construction, conventional housing, and factory-built housing too.

 

Dozens of souls are injured.  How many are missing that once found could cause an increase to the final death toll?

Conventional housing, commercial buildings, and manufactured homes were all ravaged by the tornadoes that brought President Donald J. Trump and First Lady Melania Trump to Lee County, AL on Friday to tour the devastation, comfort the grieving, and thank recovery workers.

The tragedies have focused a grim spotlight on how much better manufactured homes performed than some untrained eyes may realize.

 

Beyond Death, Destruction and Injuries – Sobering Surprises?

In the background of the reporter in this first video by AL.com is a HUD Code manufactured home.  Trees are stripped and down. Nearby is what appears to be some structure that was swept away. But the manufactured home, with the roof partially ripped away, nevertheless is still standing. A Coca-Cola truck is tipped over right by it.

 

 

ABC News filed this next report.

 

 

What their video above doesn’t specify is that the commercial structure in their opening still and is this factoid.  That commercial structure – a bar-  lost its entire roof.  It appears to be the same building in this next raw footage from the video surveillance cameras, which shows the approaching tornado. ABC’s report suggests the connection between the video below and their story.

Rephrased, the raw video below is of this devastated commercial building seen in the opening still above of the ABC News report. Why is that detail of interest to industry professionals, advocates, and others?

 

 

Because those details suggest that the manufactured home in the AL.com footage apparently better survived the horror of this powerful storm than that commercial building – that bar – in the ABC News report did. There is other visual evidence one can spot in these various videos that reflect a contrarian reality to the commonly believed thoughts about manufactured homes.  They have to be tough, because they have to be moved to their location.  Industry pros must get that, so that the public learns it.

These are the kinds of facts that industry professionals, advocates, weather professionals, researchers, and public officials need to be made better aware of, for the sake of all. AL.com stated that “At least four of the 23 people killed in Sunday’s tornado outbreak in Lee County were said to have been inside mobile homes.”  As the facts become better known, we plan to do a report for Manufactured Home Living News.

ABC said that one of the twisters was an EF4, with 170 mile per hour winds. That storm was nearly a mile wide, reportedly cutting a path of over twenty miles of devastation.

Yet, the stills from the ABC video reveals some manufactured homes in the distance appear to have survived the deadly and diabolically destructive storm.

 

ABCNewsAlTornadoKillsAtLeast23DailyBusinessNewsManufacturedHomeSurvivesMHProNews

 

National Weather Service Insights

To better understand this issue of windstorms and manufactured housing, see the MHLivingNews report, which includes an official statement by a National Weather Service (NWS) statement that ought to be required reading for every weatherman, manufactured home researcher, and advocate.

 

 

 

Killer Storms

Tornadoes kill. Lightening, hurricanes, or even straight winds can be murders too.

But deaths during weather events aren’t caused by a type of housing or construction. Remember that the destructive tornado that struck Joplin, MO destroyed conventional housing only.  There are urban legends and ‘mobile homes are tornado magnet’ myths that must be debunked almost every time such an event sadly occurs. You can’t stop Mother Nature from doing what she’s done decades before the first mobile home, or later, manufactured homes, were built.

2011JoplinMOtornado#F5DailyBusinessNewsMHProNews

 

Storm strikes are not easy to predict, which is part of the danger.  But thankfully, the fatalities – while tragic – are relatively tiny compared to other causes of death, like automotive accidents.

 

 

So it isn’t housing types that cause deaths. Those fatalities are caused by storms. Flying poles, trees, metal and other objects can penetrate the envelope of most types of construction. Once a structure’s envelope is breeched during a windstorm, it can get ripped apart.

This is an issues that haunts our industry, because not enough has been done by industry leaders to allay the fear that causes many to never consider a manufactured home because of skewed perceptions about this troubling issue.  It should be noted that the journalists in these posted videos didn’t bad mouth manufactured homes.

No one wants to see any premature deaths. MHProNews extends its condolences to all who have suffered losses.

See the related reports for more storms and manufactured housing fact-based insights. That’s “News through the lens of manufactured homes and factory-built housing”  © where “We Provide, You Decide.” © ## (News, analysis, commentary.)

 

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What Michigan State Climate, Tornado and ‘Mobile Home” Researchers Missed, and Admitted

Cavco Industries Woes Mount, Official, Unofficial Insights, Broader Manufactured Home Industry Impacts?

February 14th, 2019 Comments off

 

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Thank you. And before we begin, please be advised that comments made during this conference call by management will contain forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of expectations or assumptions about Cavco’s financial and operational performance, revenues, earnings per share, cash flow or use, cost savings and operational efficiencies,” said Mark Fusler, Director of Financial Reporting for Cavco Industries (CVCO), per the Motley Fool’s official earnings call transcript.

 

Some factors that may affect the company’s results include, but are not limited to the risk of litigation or regulatory action arising from the subpoenas we received from the SEC, the risk of potential litigation or regulatory action arising from the SEC related internal investigation and its findings, potential reputational damage that Cavco may suffer as a result of matters under investigation, adverse industry condition, our involvement in vertically integrated lines of business, including manufactured housing, consumer finance, commercial finance and insurance, market forces and housing demand fluctuations, our business and operations being concentrated in certain geographical region, the loss of any of our executive officers, federal government shutdown, and extensive regulation affecting manufactured housing,” said Fusler for Cavco.

This conference call also contains time-sensitive information that is accurate only as of the date of this live broadcast Tuesday, February 5, 2019. Cavco undertakes no obligation to revise or update any forward-looking statement to reflect events or circumstances after the date of this conference call, except as required by law,” Fusler stated before turning the call over to Daniel L. Urness, President and Acting Chief Executive Officer of Cavco.

One could unpack those disclosures at great length and depth.

But what was not directly stated was that the number of shareholders plaintiffs’ attorneys doing “investigations” of Cavco and CVCO stock has mounted. It’s about a dozen known firms, to date – and while it is implied by Fusler – it is not bluntly stated.

Nor was it directly said that Cavco continues to take several preparatory moves, per legal sources, that make it clear that they expect a potentially protracted legal battle over the Stegmayer-SEC subpoena reported issue. That too may be construed as implied, but was not stated.

 

 

The Curious Case of Cavco and Joe Stegmayer?

There are communications that have been sent to MHProNews as news tips that have occurred since he stepped down as chairman and CEO of Cavco that some might interpret as Stegmayer exercising more leadership at Cavco than his current job title may imply.

The fact that Stegmayer is still Chairman of the Manufactured Housing Institute (MHI) Executive Committee ought to be of interest too.

 

CavcoIndustriesWikiPage2142019ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Why? Several possible reasons, per sources that include, but may not by limited to the notion of “derivative liabilities.” We will explore that topic in an upcoming report.

But look again at this part of Fusler’s disclaimer statements: “...market forces and housing demand fluctuations, our business and operations being concentrated in certain geographical region, the loss of any of our executive officers, federal government shutdown, and extensive regulation affecting manufactured housing…”

Which of those plaintiffs attorneys investigating Cavco have begun to uncover the various concerns about alleged market rigging or related that has been raised by MHProNews, MHLivingNews, MHARR and others? Which shareholders investigators have connected the relevant dots between Cavco, Clayton, and MHI?

Or who at the SEC is doing so?

How many of those shareholders attorneys or the SEC have had staff pouring over reports published here or elsewhere about Stegmayer, Cavco, Clayton, and MHI?

Without revealing sources and methods, it is common-sense to think that such research is the underway. If so, doesn’t that mean that Cavco’s legal bills and exposure will mount?

 

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But the market’s investors are apparently beginning to regain a measure of confidence in Cavco. They may – correctly or incorrectly – think the worst is over for CVCO, and that the stock is now “a value” in the Warren Buffett sense of the term.

 

 

CavcoIndustries2142019ManufacturedHomeIndustryNewsDailyBusinessNewsMHProNEws

 

The storm brewing over Cavco could disrupt more than what some in MHVille, the investment community – or even in Phoenix, Knoxville, and Arlington –  may currently believe. MHProNews will do follow up reports that will continue to unpack what is occurring in the developing case.

 

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.  

 

Until the next report, note as a disclosure that MHProNews’ management holds no position in any tracked stock in our evening markets report, nor plans to open a position in the next few days.  Some prior reports can be accessed from the text/image box below.

 

What’s Coming at Cavco Industries (CVCO), Plus Manufactured Housing Industry Stock Updates

 

But we are keenly interested. As the #1 read, and pro-sustainable growth manufactured housing trade media, plus consulting, and professional services provider, we wonder aloud why certain steps have not yet occurred at MHI, their member companies, including Cavco, Clayton, 21st Mortgage and others haven’t already occurred?

Stay tuned, because more is almost guaranteed to be revealed. And if so, will it once more send shock waves though Cavco, or others?  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

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2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

“The Illusion of Motion Versus Real-World Challenges”

Independent National Manufactured Housing Post-Production Association Takes Major Step

President Trump Announces Nominee Dr. Mark Calabria to Become New Director of Federal Housing Finance Agency

MHARR Calls on HUD To Remove Zoning, Placement and Consumer Financing Barriers to Manufactured Homes

MHARR Exposes GSES’ Failure On Chattel Financing Before Congress

Independent National Manufactured Housing Post-Production Association Takes Major Step

“Washington Post Article Underscores Clear Need for An Independent Post-Production Association”

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

 

 

 

 

 

 

 

Cavco Industries New Board Member, Susan L. Blount – Corporate, Manufactured Home Industry Insights on Pick, Timing

January 29th, 2019 Comments off

CavcoIndustriesLogoCVCOlogoNewBoardMemberSusanLBlountPhotoManufacturedHomeIndustryInsightsPickTimingDailyBusinessNewsMHProNews

Cavco Industries (CVCO) has provided a recent release to the Daily Business News on MHProNews, regarding the announced selection of Susan L. Blount to the troubled firm’s Board Of Directors.

 

We’ve held that release for reasons that yesterday’s report on Cavco make clear. Before turning to portions of the Cavco release, industry sources tell MHProNews what this move represents.

Blunt on the Cavco Board of Directors is “…meant to inspire confidence both now and going forward…” for the Securities and Exchange Commission (SEC), plus the firm’s current and prospective shareholders.

Sources also say that this move to bring Blount on board is meant to blunt prospective plaintiffs attorneys too. Cavco, per sources, have engaged in several moves designed to prepare the firm for the legal battles that are expected.  For more on those legal issues, see the related reports, further below.

 

Here are some quotes from Cavco’s release to MHProNews, following the composite screen capture from LinkedIn.

 

SusanBlountCavcoIndustriesBoardOfDirectorsManufacturedHousingIndustryDailyBusinessNewsMHProNews

Cavco Industries Appoints Susan L. Blount to Board Of Directors

Former EVP and General Counsel of Prudential Financial Inc. will Bolster the Board’s Financial Services, Governance and Insurance Expertise

Cavco Industries, Inc. (NASDAQ: CVCO)…announced that its Board of Directors (“Board”) appointed Susan L. Blount as an independent director of the Company’s Board. Ms. Blount, an experienced financial services executive, retired as Executive Vice President and General Counsel of Prudential Financial, Inc. in 2015, having served as General Counsel since 2005.

Ms. Blount’s appointment fills the vacancy on Cavco’s Board and brings its current membership to five directors, all of whom are independent. She will be a member of the Company’s Corporate Governance and Nominating Committee and the Company’s Compensation Committee.

We are extremely pleased to welcome Susan Blount to our Board,” commented William Boor, non-executive Chairman of the Board of Cavco. “Susan’s accomplishments speak for themselves. She has significant and very relevant experience in strategy, corporate governance, risk and compliance in both the public and private sectors.”

Mr. Boor continued, “Susan’s addition reflects our commitment to enhance the Board’s capabilities and diversity. We look forward to getting the benefit of her insights, judgment and counsel, and we are confident that Susan will make a meaningful and very positive impact on our Company’s future success.”

I am excited to join and begin to work with the Cavco Board as we move into 2019,” said Ms. Blount. “Cavco fills an important role in the US housing market and the Company has impressed me with its strong commitment to governance and focus on superior stockholder returns.”

Ms. Blount is an outstanding addition to our Board,” added Daniel Urness, President and Acting Chief Executive Officer of Cavco. “Her public company and diverse corporate management experience will offer fresh perspectives and oversight to help our leadership team enhance long-term shareholder value.”

Susan L. Blount

From 2005 to 2015, Susan Blount served as General Counsel of Prudential Financial, Inc. (Prudential), a leading provider of insurance, retirement and asset management products and services. In that role, Ms. Blount led the company’s global law, compliance, business ethics and external affairs organization. During that time, Ms. Blount was a member of key senior management committees including the Office of the Chairman Group, the Enterprise Risk Committee and the Capital and Financial Controls Committee. Ms. Blount joined Prudential in 1985 as a staff attorney in the company’s commercial real estate organization. Before being appointed General Counsel, she held various positions of increasing responsibility, including Chief Investment Counsel, Vice President and Corporate Secretary, and Associate General Counsel and Head of Shareholder Service. Prior to joining Prudential, Ms. Blount was an Associate at Kirkland & Ellis.

In 2017, Ms. Blount was an Advanced Leadership Initiative Fellow at Harvard University. Since 2016, she has taught as an adjunct professor at the University of Texas School of Law. Ms. Blount is active in professional and community service. She currently serves on the University of Texas Law School Foundation, the Executive Committee of the Center for Women in Law and the Nantucket Historical Association. Ms. Blount has also served on the Boards of organizations such as Montclair State University, the Leadership Council for Legal Diversity, the Association of Corporate Counsel and the New Jersey Law and Education Empowerment Project. She has also been a faculty member at Stanford University’s annual Directors’ College and a participant in Stanford’s Institutional Investors Forum.

Ms. Blount graduated from The University of Texas at Austin with a bachelor’s degree in history and a juris doctor with honors.

About Cavco Industries, Inc.

Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. The Company is one of the largest producers of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle and Lexington Homes.

The Company is also a leading producer of park model RVs, vacation cabins, and systems-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand. Cavco’s mortgage subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer, a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.

— end of quoted section of Cavco release —

CavcoIndustriesManufacturedHousingIndustry6MonthStockTrendCVCOMHProNews

JoeStegmayerCavcoCVCOMIChairBrianMontgomeryHUDFHASameLandyUMHPresidentDailyBusinessNewsMHPronews

That’s MH “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

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1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Cavco Industries (CVCO) Class Action Suit

Insider Trades, New Cavco Industries Investigation, Selling – Plus More Manufactured Housing Stock Updates

Hedge Fund’s Cavco Move, and More from Inside MHVille

 

Manufactured Home Production Decline Accelerates in November 2018

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

 

Why Is Manufactured Housing Struggling During an Affordable Housing Crisis? Former MHI President, VP, Other’s Quotable Insights

January 14th, 2019 Comments off

 

WhyManufacturedHOusingStrugglingDuringAffordableHousingCrisisFormerMHIPResidentVPOThersQUotableInsightsDailyBusinessNewsMHProNews

It is no secret that MHProNews believes in applying similar principles of accountability to an association that one should apply to a successful, ethical business.

 

If there was a business manager or company president that year-after-year, failed to deliver, what would happen to such a professional?  What happens to a head coach that doesn’t deliver?  How long would excuses by accepted?

How can the manufactured home industry understand and accept its long and enduring malaise in recent decades, when the industry’s modern manufactured homes are widely praised by third-party researchers?

The following is the first of a planned series of quotable quotes, including voices from within MHI.  They will serve to shed ‘insider light’ on this controversial but essential-for-future growth topic.

 

Understanding the Manufactured Housing Institute – Consider these Quotable Quotes – Infographic

UltimateManufacturedHousingInstituteLogoQuotes1DailyBusinessNewsMHproNewsMachievelianInstiutte
See the related report – by clicking on the text/image box – for Chris Stinebert’s comments in context.

 

Former Manufactured Housing Institute President, Manufactured Home Owners, Urban Institute, and You

 

Manufactured Housing and Grief? 

Numbers are seeing MHI for what it is, but there are those who struggle against a kind of grief – a sense of loss – in accepting the reality of what MHI is all about.  For those, the following tips about the 5 stages of grief are useful. While this graphic is focused on the ‘loss’ of a loved one, it can apply to the loss of other things too.

 

5StagesofGriefManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

MHI leadership?  Facts are #Nettlesome things.  And these quotes above from past and present MHI leaders and members are a vexing reality.

 

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Your Comments, Feedback, or News Tips can be email at this link. Or Connect via LinkedIn and comment.

 

MH Industry pros?  Head fakes and razzle dazzle shouldn’t fool mature adults forever. Grab your energy drink or coffee, put your boots on, and get ready for the internal battle for the future of manufactured housing – especially for independents.

RichardDickJennisonMHIPresidentPhotoBrianMontgomeryEnhancedPreemptionFHATitleChattelLoans1010RuleTimWilliamsDontLearnFromHistoryDailyBusinessNewsMHProNews

See the cartoon-laced, satirical MHI ‘razzle dazzle’ fact-checks, linked here and here.

Because this is your wake up call. Reality is what it is. Denying reality is to accept the status quo.

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MHProNews’ parent operation demonstrated to MHI over the course of years options for lending, and ways to improve image at a low cost. For years, even though our parent operation was an MHI member, and showed proven ways to grow business, MHI leaders ignored those options. Why? Could it be that slow growth allowed more consolidation and at a cheaper price? We learned the hard way, what about you?

We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Manufactured Housing Institute on Urban Institute, Bloomberg, National Association of Realtors Reports Praising Manufactured Homes

Exploring Corporate, Association, Individual, Investor, and Governmental Corruption Involving Manufactured Housing

Useful Manufactured Housing Institute Provided Info, MHI M.O. Revealed

Production Decline Continues in November 2018

 

Independent National Manufactured Housing Post-Production Association Takes Major Step

 

 

 

 

LinkedIn, Manufactured Housing, and Manufactured Home Industry Professional Insights

October 8th, 2018 Comments off

 

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LinkedIn is a useful tool in several respects, one which thousands of manufactured home industry professionals enjoy.

 

While Facebook certainly has more MH professional users, LinkedIn provides a different look, feel, features, and experience.

Social media in many respects is ‘public,’ so on publicly posted messages, there is no expectation of privacy.  But so as not to discourage industry comments in social media, this Daily Business News on MHProNews item will not spotlight specific names in this post.

On a recent post by MHProNews on LinkedIn, a self-described Clayton Homes devote protested our coverage of a specific article that featured a mainstream media report by an ABC News affiliate.

That’s fine, it is her right, and our publisher thanked her for her comments. In fact, it sparked a useful discussion, worth reading. Let’s begin with the back ground.

ABC video reflected significant service problems on a manufactured home sold by one of their TRU producers.  As our publisher – L. A. ‘Tony’ Kovach – explained to that pro-Clayton industry professional on LinkedIn, this trade publication has for years done fact-checks, analysis and commentary on mainstream media reports about other companies in manufactured housing.  Perhaps she didn’t carefully read that article or view that video, because the video was used in part to turn lemons into lemonade.

Clayton is therefore no exception to our coverage of problems attributed to an industry company that has drawn mainstream media attention, and/or our analysis of such coverage and news.  As the largest producer and retailing company in our industry, Clayton no doubt gets more such coverage, but that is true in mainstream media too.

 

How Hot Is That Clayton Homes Story?

That story about Clayton’s service complaints is far and away the most popular read on MHProNews at this moment in October.  To understand the following data, as we’ve explained previously, MHProNews has numerous URLs and several C-panels.  Each of those has their own unique statistics and traffic. So, when we reveal ‘back end’ data, this is from only one c-panel, not all of them.  Rephrased, what follows is a fraction of the traffic, not all MHProNews traffic.

Per Webalizer – a third-party analytics provider – here is the data from one C-panel for our trade media site, as of Generated 08-Oct-2018 07:02 CDT.  The first number reflects the rank on that article on our website, the second the hits on that article, and the third rectangular box is the URL.

2 15523 http://www.MHProNews.com/blogs/daily-business-news/clayton-homes-ripped-by-customer-complaints-spotlighted-on-abc-news/

Clayton Homes Ripped by Customer Complaints Spotlighted on ABC News

Comparisons help someone get a better sense of that traffic. To give you a sense of just how hot that is, another Clayton article from September – for the entire month, not just 7.3 days, produced the following hit count. Again, the first is rank on our website from that URL at that time, the second is hits, the third is the URL.

13 10015 http://www.MHProNews.com/blogs/daily-business-news/toxic-trailers-clayton-homes-warren-buffett-kevin-clayton-clintons-expose-videos/

“Toxic Trailers” – Clayton Homes, Warren Buffett, Kevin Clayton, Clintons – Exposé Videos

MHInsiderManufacturedHousingINdustryDailyBusinessNewsMHProNewsNote that either of those data-points arguably reflects more readers than any other trade publication in manufactured housing today. MHProNews gets more readers in a day, than other MH trade publishers in our industry might garner in an entire month for all of their content.  The photo of MH Insider that is shown is just one way of reflecting that reality.

 

Take Aways?

First, while there are routinely occasions when:

  • via social media, or in
  • calls and messages to MHProNews
  • gets feedback for, against or in between on a particular article.
  • There is often significant interest in articles on Clayton, 21st, Vanderbilt, their leaders and Berkshire Hathaway Chairman Warren Buffett.

 

Second, articles that fact-check the Manufactured Housing Institute (MHI) also get thousands of hits, as do a number of others every month. Manufactured Housing Association for Regulatory Reform (MHARR) reports gets thousands of hits, and the MHARR News module often gets 5 figures of hits.  MHI stopped providing articles directly to MHProNews some years ago (note: they did to the Journal as well, prior to their ceasing publication), but others often provide them, for the purposes of fact-checks.

One obvious takeaway is that thousands of industry professionals want to have information other than what is sanitized or weaponized by MHI, Clayton, 21st and their purportedly ‘bought and paid for’ trade media allies.

As MHProNews – which has long been the number #1 trade media in manufactured housing – is often the only source for such reports, analysis and fact-checks, it is no surprise that ‘inquiring minds want to know.’  Others print items of interest, but debatably the reason that we dominate is because we cover topics and issues that others can’t, don’t or won’t.

As a result, MHProNews traffic has more than doubled since November of 2017, both in visits daily and in page views, as the Webalizer screen capture below reflects.  Again, this is one of numerous URLs – only one C-panel of statistics, a fraction of total MHProNews traffic, not all traffic.

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People want a full range of news, not just MHI hand-picked news. One reason why MHARR and MHProNews are so popular, is precisely because information that readers won’t get from MHI, are found here. On federal regulatory issues, the MHARR website covers insights in a very different way – fact and evidence based – than what MHI presents on a similar topic.

Why Does It Matter?

That community professional’s LinkedIn comments were largely polite, and ostensibly at her own initiative. When Tony asked her after the industry was broken off after the post linked below with Clayton, 21st et al, or would it be better off if those giants were broken up under anti-trust laws

The industry gets MHI and their ‘big boy’ backers news shoved down their throats from several third parties, and/or directly. MHI provides no diversity of opinion. When we provide MHI, Clayton or others a chance to respond, their responses are routinely off the record, not on, if they come at all.

Clayton Homes Consumer Complaints Saga Continues, Mold and More

Off-the-record replies from Clayton Homes team members on this ABC news controversy are found at the link above.  Keep in mind, that in the regrettably smaller world of manufactured housing, negative news that hits them, often unjustly spills over to others in the industry.

It arguably matters to the bottom line of independents and others, even if you don’t carry Clayton product.  Hopefully, by spotlighting them, they’ll not only address this consumer’s concerns, but others before they hit the mainstream media to further impair the industry’s public image.

Note that MHProNews has also raised the issue that conventional housing can have similar problems on homes that are often many times the cost of a manufactured home.  See the related reports, linked further below.

We’ll close this by noting that industry professionals feedback is encouraged, as are topic suggestions and news tips.  Several stories that we do are published because of tips from readers. “We Provide, You Decide.”  © ## (News, analysis, and commentary.)

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Related Reports:

 

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Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

72% Blue Collar Workers “Optimistic,” White Collar and More Insights from Porch/Examiner Poll Report

September 14th, 2018 Comments off


PorchWashExaminer72%BlueCollarWorkersOptomisticWhiteCollarSentimentDailyBusinessNewsMHProNews

 

The Washington Examiner recently reported on a survey commissioned by Porch on worker sentiments.

 

Porch is a free online network that links homeowners and repair, renovation. and cleaning professionals.  Their research found concerns about robotics and automation.  That’s a topic that the Daily Business News on MHProNews has reported on several times in recent years, see related reports, further below.

JobSentimentByOccupationClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

But the new survey found “That recession driven grimness hanging over the workplace has lifted and now workers of all shades are feeling good about their future,” said the Washington Examiner.

PerceptionsByWorkerClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

The polling said that 72 percent of blue collar workers and 76 percent of white collar workers are optimistic about their future.

Many workers feel they can find another job easily.  That was confirmed by the latest JOLTs report, see that further below.

SentimentByWorkerClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

The survey found that most blue-collar and white-collar workers are happy, feel respected, and like each other.

Consumer confidence, manufacturers, and business confidence have also been on the rise, as MHProNews has been tracking those trends since the election of President Donald J. Trump.

See the related reports, further below.  This is another survey that may suggest a trend counter to what political polling is indicating, and thus is important to manufactured housing investors and businesses. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Cavco Industries (CVCO) Insights, Financial Update, Fiscal 2018 Fourth Quarter. Year End Results

May 31st, 2018 Comments off

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Cavco Industries, Inc. (CVCO) announced financial results for the fourth quarter and fiscal year ended March 31, 2018. On April 3, 2017, the Company completed the acquisition of Lexington Homes, Inc., which operates a manufactured housing plant in Lexington, Mississippi. Since the acquisition date, the results from this new business are included in Cavco’s consolidated financial statements presented herein,” according to the firm’s release to the Daily Business News.

 

IndustryMarketShareCavcoIndustriesManufacturedModularFactoryBuiltHousingDailyBusinessNewsMHProNews

Three months ended March 31, 2018 compared to the three months ended April 1, 2017 revealed the following results, per Cavco.

  • Net revenue was $242.5 million, up 22.5% from $198.0 million. The increase was the result of higher home prices and sales volume. The Company recognized $14.8 million of home sales revenue and $1.8 million of income from operations from early commercial loan payoffs received under Cavco’s wholesale lending programs. This revenue was previously deferred in prior periods in the normal course of business.
  • Income before income taxes was $30.7 million, an 86.1% increase over $16.5 million. Current quarter results include $4.5 million of other income from gains realized in the sale of corporate investments.
  • Income tax expense was $8.6 million, resulting in an effective tax rate of 27.9% compared to $5.6 million and an effective tax rate of 33.9%.
  • Net income was $22.1 million compared to $10.9 million, a 102.8% increase.
  • Net income per share, based on basic and diluted weighted average shares outstanding, was $2.45 and $2.40, respectively, versus $1.21 and $1.19, respectively.

CavcoIndustriesCVCO-InvestorRelations-ManufacturedHousingIndustryCompanyHighlightsDailyBusinessNewsMHProNews

Twelve months ended March 31, 2018 compared to the twelve months ended April 1, 2017,” according to their statement.

  • Net revenue was $871.2 million, 12.6% higher than $773.8 million. The increase was primarily from a larger proportion of higher priced homes sold and improved home sales volume.
  • Income before income taxes increased 42.0% to $78.5 million as compared to $55.3 million. In addition to the investment gain described above, the improvement was from increased home sales volume and pricing, a $3.4 million favorable dispute settlement resolution in the third fiscal quarter and improved earnings in the financial services segment.
  • Income tax expense was $17.0 million, creating an effective tax rate of 21.7% compared to income tax expense of $17.3 million and an effective rate of 31.3%. The current fiscal year benefited from the Tax Cuts and Jobs Act, which made broad and complex changes to the U.S. tax code. In connection with lower federal income tax liability related to the Tax Act and requisite revaluation of the net deferred income tax balance, the Company recorded a net income tax benefit of $4.8 million (or $0.52 per diluted share). Additionally, the Company recognized benefits of $2.1 million (or $0.23 per diluted share) from the current year adoption of accounting standards that required excess tax benefits on stock option exercises to be recorded as a reduction of income tax expense instead of equity as was previously required.
  • Net income was $61.5 million, up 61.8% from net income of $38.0 million.
  • Net income per share, based on basic and diluted weighted average shares outstanding, was $6.82 and $6.68, respectively, versus basic and diluted net income per share of $4.23 and $4.17, respectively.

Joseph “Joe” Stegmayer, Chairman, President, and Chief Executive Officer said, “We were pleased to complete the fiscal year with improved income from operations and growth in product sales. Fourth quarter gross profit as a percentage of revenue improved from home sales prices gradually increasing throughout the year to address rapidly rising material and labor input costs. Still, we work to keep prices competitive and affordable through efficient factory production processes and cost controls. We are also focused on improving production workforce size and productivity to raise home building levels further.”

BeachfrontHomeCavcoIndustriesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Stegmayer continued, “Fiscal year 2019 begins with optimism about demand for housing as home ownership rates, currently at a low 64.2%, are reported to be trending higher. With housing prices and rental rates also on the rise, we believe systems-built housing will be an increasingly sought after option for affordable living.”

Stegmayer was inducted into the RV MH Hall of Fame in 2016.

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He is also the current chairman of the hall and museum.

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CavcoIndustriesOtherOperationsq42018DailyBusinessNewsMHProNews

 

Behind the Curtain, and the Data

Cavco has been surpassed by Champion, which has taken over the number 2 spot in manufactured housing production, per their respective data sets.

Cavco’s president Joe Stegmayer was formerly with Clayton Homes.  Clayton today is owned by Berkshire Hathaway, and is the industry’s largest producer.

Cavco’s Stegmayer is the new chairman of the Manufactured Housing Institute (MHI).  For those members which thought that Stegmayer would lead the association in a new direction than the prior Berkshire Hathaway chair, there is no discernable difference.

ManufacturedHousingIndustryMHIBoardofDirectorsChairmanJoeStegmayerDailyBusinessNewsMHProNews

Cavco is one of the firm’s that is ‘vertically integrated’ in manufactured housing.

For more general industry insights, click the related report, links below.

Disclosure, MHProNews has no stake or financial interest Cavco, and is making no recommendation in this report.  “We Provide, You Decide.” © ## (News, analysis, and expert commentary.)

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Robotics, 3D Printed Housing, Imminent Challengers for Manufactured Homes, Modular Housing – 3D Build Systems CEO Don Musilli

Understanding the Modern Realities of MHVille – Winners, Losers, Profits, and Loss

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Fannie Mae: Manufactured Housing has Challenges to Overcome

June 27th, 2013 Comments off

In its latest Housing Insights report, Fannie Mae notes that while overall home construction fell by 70 percent between 2006 and 2011, manufactured housing (MH) began declining in 1998, falling nearly 90 percent. In 2012 MH accounted for 7.4 percent of total home construction, a substantial drop from 20.2 percent in 1998. The report says, “Given manufactured housing’s modest share of the total housing stock, the decline in manufactured home production might not seem important. However, manufactured homes account for an outsized share of low-cost housing, particularly among owner-occupants. Whereas manufactured homes account for approximately 7 percent of all owner-occupied homes, they represent 16 percent of owner-occupied units with monthly housing costs of less than $500.” As inman.com informs MHProNews, the average price per square foot for a manufactured home in 2012 was $42, less than half the square foot cost of a new site-built, single-family home. The report cites several barriers the industry must overcome, including limited conventional financing options due to titling of most manufactured homes as personal property, an underdeveloped secondary market for manufactured home loans, and pending financial regulations that could further curtail manufactured home lending.

(Photo credit: Jonathan Ernst/Reuters–Fannie Mae headquarters)

GSHS, QuikTrip Center, Tulsa, OK March 1-4

February 28th, 2012 Comments off

The Great Southwest Home Show, billed as the World’s Largest Indoor Manufactured Home Show, is packing a wallop of seminars, forums, and workshops in addition to all the vendors and homes from the nation’s foremost manufacturers. March 1 and 2 will be Industry Days with workshops ranging from new financing options to attorney Kurt Kelly’s presentation on MHC management, billed tongue-in-cheek, as “Here’s How Me, Daryl, and My Other Brother Daryl Ran Our Park and Why We Got Sued So Many Times,” and his Top Ten dumb management ideas. MHProNews publisher L.A. Tony Kovach will disclose proven strategies to attract more customers to retail and to communities, and Dick Ernst will moderate a panel of the top seven MH lenders, each of whom will give their best shot. The government will get in on the act with a Small Business Administration (SBA) official presenting a revised floorplan lending program, and Sherrie Clevenger will give tips and insights on getting the most out of your appraisal. March 3 and 4 will be Public Days. For more information go to www.mhao.org