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Posts Tagged ‘manufactured homes’

Current & Forecast Investing Habits of Millennials, $30 Trillion Dollar Transfer of Wealth Looms

January 18th, 2019 No comments

 

CurrentForecastInvestingHabitsMillennialsPlus$30TrillionDollarTransferWealthLoomsManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Centralization. Globalization. Immigration.

 

Those three words sum up much of what “the establishment” of both major political parties have actively or passively accepted and/or promoted for decades.  Those three words also help explain how Washington, D.C. has become more remote from the people it is supposed to serve.  Those three words help explain why wages have been stagnant for so many years.

That’s simplicity.

Those words are not considered often enough by millennials, or any other group, in the U.S. today.  But they should be pondered as part of the solution in understanding why the world’s wealthiest nation doesn’t even rank in the top 40 countries on earth in the rate of home ownership.

 

These irksome realities are educational opportunities in disguise. So too are specific items about the millennial generation, that over the next 3 to 4 decades will ‘inherit’ an estimated $30 trillion dollars.  Accenture says that $30 trillion will be the largest transfer of wealth, ever.

Morning Brew and the Visual Capitalist provided the data for the following infographic.  Note the relatively low amount being invested in housing?

Record low numbers of millennials think buying a home is a good investment—here’s why. America’s attitude towards home-ownership is changing. Only 48 percent of millennials (age 21-36) believe that buying a home is a good investment, according to the latest ValueInsured Modern Homebuyer Survey,” per CNBC on Aug 23, 2018.

CNBC provided the following infographic.

 

MillennialsCNBCHousingConfidenceManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

With that vexing tee up, consider the VC/Morning Brew infographic on the investment habit trends of millennials.

 

InvestingHabitsofMillenialsLargestTransferOfWealthInHistoryLoomsManufacturedHousingIndustryDailyBusinessNewsMHProNews800

 

These factoids represent monumental opportunities in disguise.  What are you doing to tap it in your market(s)?

 

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

 

As a plug, we know from experience how to attract this audience, and the others, and move them from curious to home owners.  It’s obvious from shipment data that others in our HUD code manufactured and modular home industry either don’t understand how the attraction of millennials are accomplished, or they have some other reason why they’ve left millions stuck in rentals. To learn more about our services, click here.

That’s this morning’s Manufactured Housing “Industry News, Tips, and Views Pros Can Use,” © where “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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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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Production Decline Continues in November 2018

The “Need For Quality Affordable Housing Has Never Been Greater,” Says LT

Compelling Information for Renters and Manufactured Home Owners

 

 

 

 

 

 

Manufactured Homes Shunned by City for Higher Cost Container Housing

January 12th, 2019 No comments

 

SanJoseCAManufacturedHomesShunnedbyCityForHigherCostCOntainerHousingDailyBusinessNewsMHProNews

This is historic,” said San Jose Vice Mayor Magdalena Carrasco, per the Mercury News.

 

Councilman Johnny Khamis expressed what they described as sticker shock, saying, “This seems exorbitant for recycled metal boxes, quite frankly.”

The price per unit? The ‘all in’ cost is said to be some $600,000 for a 250 square foot container house, which Rachel VanderVeen, a deputy director in the city’s Housing Department, said was $2,500 per square foot.

There are several things that may be described as “historic” in this case, which on the surface seems to be an disgraceful example of wasted taxpayer resources, more insult to manufactured homes, and what could be some levels of corruption.

This plan in San Jose originally was supposed to involve the use of manufactured homes, per KTVU, a Fox News affiliate. That media report said, “The project was to initially put temporary manufactured home[s] on Evans Lane. After pushback from neighbors, it’s now evolved into permanent shipping container-sized apartments for the homeless.

To set the context, according to the U.S. Census Bureau’s 2018 report of July 2018 data said that the average price of a single section manufactured home in the Western U.S. was “$59,300.” That’s compared to the national average of a single sectional HUD Code manufactured home of some “$52,000,” per the same Census report.

 

USCensusBureauJuly2018DataReportedDec2018ManufacturedHousingPrices

Regional reports reflect a higher cost in the Western U.S. than some other part of the nation.

 

Rephrased, even allowing for estimated site and higher California costs, this project could have had some 7 to 8 larger – and federally certified – manufactured homes for the same cost as one tiny container housing unit. That sounds outrageous on its face, if not outright shady.

 

AverageSalesPriceNewManufacturedHomeRegionSizeMonthShipmentUSCensusBureauHUDDailyBusinessNewsMHProNews

Click on the graphic above to download the data at about double the size shown above.

 

The proposal is said to have a few more “hurdles, including securing city funding from the council in February. But the project, the Planning Commission said in a recent memo to the council, furthers the city’s long-term goals to get more of its 4,000 or so homeless people off the streets,” according to the Mercury News. 

So, there still may be time to change this #nettlesome outcome.

And are residents of San Jose really going to accept recycled container units over new manufactured homes? If so, manufactured home professional readers, there is more work to be done in that area about our industry’s image than you may realize.

 

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

 

The Mercury News noted that “In Oakland, for instance, people have purchased shipping container homes for well under $100,000.”

In what may be a different and unrelated project, Bloomberg reported over 2 years ago that “a billionaire” real estate developer named John Sobrato was behind an effort to bring container housing for “200 micro-apartments for homeless and low-income renters in Santa Clara…” That should raise concerns over what may be occurring behind-the-scenes in this case in nearby San Jose, CA.

Given that a HUD PD&R had issued a favorable report on manufactured homes being used as infill in nearby Oakland, this would look to be another ideal case for a city to embrace enhanced preemption for HUD Code manufactured homes.

 

SantaClaraSanJoseOaklandCAmanufacuredhousingIndustryDailyBusinesNewsmHProNews

 

Using manufactured homes in a case like this one could:

  • house more people,
  • provide more space per household,
  • for a lower cost per unit and per square foot, and
  • could accomplish that more rapidly, in part, due to federally mandated “enhanced preemption” provided by law, as a result of the Manufactured Housing Improvement Act of 2000. See the related reports, further below the byline and notices.
  • And per third-party, university level research, those manufactured homes could appreciate side-by-side with any conventional housing nearby.

Affordable housing, taxpayer, industry, policy, and other advocates – this is another brisk wake up call. If they are using the terminology in these reports correctly, this is possibly severe ignorance, prejudice, corruption or some combination of those factors afoot in this matter.

Terminology2HarvardFreddieMacNeighborworksManufacturedHomeDefintionMobileHomeTraileModularPanelizedDailyBusinessNewsMHProNews432

The proverbial ‘something stinks’ isn’t somewhere overseas, it may dwell in the back yard of a city in supposedly broad-minded Silicon Valley. “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.

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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.

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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“Time to Enforce the Law on Federal Preemption”

Surprising Discovery on Manufactured Housing’s Enhanced Preemption, Hidden Gem$

 

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

 

 

 

 

 

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

January 10th, 2019 No comments

 

MHILogoManufacturedHOusingInstituteOnUrbanInstituteBloombergNationalAssociationRealtorsReportsPraisingManufacturedHomes

Imagine for a few moments that a law would allow you to place a new HUD Code manufactured home someone wants to purchase in one of the numerous areas where they are currently being zoned out by local officials.  There is arguably no need to imagine that, because that law exists. It is a federal law already on the books. To set the table on this analysis, it is useful to read or refresh yourself on the topic of “enhanced preemption.”  That’s an important and useful provision under the Manufactured Housing Improvement Act (MHIA) of 2000.

 

Yesterday, the Daily Business News on MHProNews presented an eye-opening fact-check that underscored where you can most easily find information online when searching Google for “manufactured housing” and “enhanced preemption.”  That report can be accessed by clocking on the hotlinked text/image box below.

 

Surprising Discovery on Manufactured Housing’s Enhanced Preemption, Hidden Gem$

 

Next, imagine that you wanted to tell your fellow Americans the facts about the good news of manufactured housing.  In the course of the year, several third-party research items make the news, which on balance, were favorable to the industry.  You’d want to refer to some of that research, wouldn’t you?

Common sense suggests, yes. Just as companies use testimonials to bolster their claims, so too industries, companies, or institutions routinely point to outside research by a third-party that ‘makes their case.’

Yesterday, and today, two separate reality-checks are going to make something ever more clear.  Using their own website’s search tool, MHI has apparently no content on their own website that says anything about ‘enhanced preemption.’

Furthermore, after discovering the above, the industry’s most-read trade media – MHProNews – did an additional check.

Is MHI showcasing the positive third-party reports about modern manufactured homes on their own website?

Again, based upon the results shown from their own website search tool, the surprising – shocking, and disappointing – answer is, no.  MHI has made no mention of the positive research on their own website of the reports by the Urban Institute, Bloomberg, or National Association of Realtor research.

 

BloombergUrbanInstituteManufacturedHousingInstutyteLogoMHIlogowebsiteFactCheckMHProNews

 

What’s going on?

 

NationalAssocRealtorsRealtorUniversitySitesearchManufacturedHOusingInstiuteLogoMHILogo

 

Fair and Balanced…

One of the searches for those 3 positive reports on manufactured housing provided a link to this article linked here, which is reproduced under fair use guidelines for media. The linked article is overall okay. But there is not one word about enhanced preemption, while they do raise the argument of “Affirmatively Furthering Fair Housing” (AFFH).

If challenged, either an appeal to AFFH or “enhanced preemption” would likely have to be adjudicated. An industry attorney observed that while both could be useful arguments to advance the industry’s interests, the AFFH argument requires both factual research/evidence but also a legal argument.  By contrast, the Enhanced Preemption assertion requires only a legal argument, a simpler case.

 

Furthermore, HUD Secretary Ben Carson has already said publicly that “I hear you” to the manufactured home industry’s concerns and issues.  Given that the Trump Administration has said that it wants to enforce the law, isn’t it just common sense that the simpler argument at least be raised by the industry’s largest trade group?

 

“A New Era of Cooperation and Coordination,” is Promised by HUD Secretary Carson, Saying “I Hear You”

 

In the light of the first report linked above and here, a non-MHARR industry producer emailed yesterday to say that MHI is “as worthless as tits on a boar hog,” a colorful, if sexist sounding, assertion.

MHProNews publisher L. A. ‘Tony’ Kovach represents the growing numbers of industry voices with more sobering concern.  Kovach says that there is a case to be made that the “Omaha-Knoxville-Arlington Axis” – which obviously has made MHI it’s favored industry trade group – is allowing actual and artificial headwinds to limit the industry’s growth and recovery.  That in turn allows larger companies to slowly, steadily “consolidate” smaller ones that weary of the barriers to remain or enter the industry.

 

 

 

In that view, articles like the two below are window dressing. “You could call these MHI articles razzle dazzle, red herrings, window dressing, or head fakes,” Kovach said. “It’s like their latest emailed news update.  Not one word about the drop in new manufactured home shipments.  Instead, you have a bunch of photos of people who met in Washington, D.C.  You have plenty of plugs for their next events, which are profit centers. So, where is the actual performance of MHI? As the classic Wendy’s commercial asked, ‘Where’s the beef?’”

 

 

The articles on zoning and manufactured housing used in their claimed battle for using more manufactured homes as affordable housing are as linked here.  The images that are shown therein have been added by MHProNews to juxtapose what MHI has done, with the sometimes stark comments by others – including MHI affiliates and members – on the topics of enhanced preemption and the promotion of the industry that they claim to represent.  In the light of such facts, is it any wonder that a new national trade association is taking shape?  Or that rumblings for another to represent independent retailers and others are growing? See the related reports, linked further below. ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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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New Association Weighs In, Giving Credit Where It’s Due, Opportunitie$, But Winds of Change Challenge Manufactured Housing’s Future

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

Independent National Manufactured Housing Post-Production Association Takes Major Step

 

 

 

 

 

 

Turn the Page, Manufactured Housing Making History

December 30th, 2018 Comments off

TurnThePageManufacturedHousingMakingHistoryMHProNewsLogo

There are words, and then there are deeds.

 

There’s smoke and mirrors, or the clarity born of facts, evidence, and sound reason.

It’s about time to turn the page. 2018 is about to come to a close. It will be several weeks before the industry at large knows the final tallies for HUD Code manufactured housing shipments for the year. But rest assured, about a dozen (+/-) MHPros already know pretty close to what the final count for 2018 will be.

You’ll get an idea too from one of the articles in a headline linked below.

Why did the Manufactured Housing Institute (MHI) invest a purported 5 figures in a video to promote how great they are? Is it because annual dues/membership renewal time was coming up? Did the Arlington, VA based MHI want to get into the pockets of independents in manufactured housing once again? Did MHI leaders want to collect more money from independents before the disappointing totals for 2018 would be revealed?

There are many ways to point to the tragic truth that:

  • thousands of manufactured housing (MH) independents,
  • numbers of investors, and
  • millions of consumers have debatably been conned, manipulated, and cheated out of greater wealth.

We never say things like that lightly. Keep in mind, we have done our share of ‘cheer leading’ on MHProNews and on MHLivingNews for the industry too. Cheer leading is easy.  Cheer leading, when it is honest, is fun.  Telling several thousand industry pros that they’ve been ripped off?  Not nearly as much fun.  Don’t blame the messenger for the #Nettlesome message, we’re just following the evidence, tips from sources, track record, and common sense.

There came a point in time when questions, evidence, and logic opened-our-eyes as to the obvious reasons why the industry has failed to progress. Why did RVs roar past MH?  Why is mainstream housing so high, when the value of manufactured and modular homes should mean that our MH industry should be performing at much higher levels too?

When affordable housing is in crisis, and MHVille will finish about 100,000 (+/-) shipments, how is it possible that voices from Arlington keep belting out that same old tired song?

There comes a point in time when the accumulation of voices that kept telling MHProNews, ‘something is wrong here’ begs for attention. We’re returning the favor that those voices gave to us.

There comes a time to turn the page.

But a way simple way to prove the truth about MHI is to invite the leadership of the Omaha-Knoxville-Arlington axis to do the right thing.  No excuses.  Just do one thing right, one time, on one specific issue.

Turn the page and learn more.

 

 

The Disney “Trailer” Controversy & MHI ‘Leadership’

Bragging is easy for some. But it’s performance that counts.

When MHI’s former chairman Tim Williams, who is also the president of Berkshire Hathaway owned 21st Mortgage Corp, says there’s a good case to be made that every problematic report, misuse of terminology, etc. should be challenged, it was a revealing statement.

We believe that Tim Williams was right on that point.

Why did Clayton, Warren Buffett or Berkshire Vice-Chair Charlie Munger respond to attacks on Clayton, 21st, or Vanderbilt Mortgage and Finance (VMF)? It can be oversimplified and summed up n two words.

Reputation Defense.

If Reputation Defense is good enough for Clayton, 21st, and VMF – then why isn’t a fact-based reputation defense of the entire MH industry every bit as important to MHI, or the Berkshire brands that dominate MHVille? Why has MHI already weighed in with Disney, to defend the industry’s reputation?

MHI and their masters will either weigh in on the Disney controversy – see the articles linked below – or not. It’s really that simple.

Our publisher, L. A. ‘Tony’ Kovach, has reached out to numbers of those MHI leaders on Friday. He did so bcc’ing numbers of MHI and non-MHI members. He also sent a message to an attorney who claims to represent MHI.

No excuses.  The truth will come out, period.

Either MHI and their Omaha-Knoxville and allied masters will act to defend the reputation of manufactured housing – as has:

–   Mark Weiss, JD, President of the Manufactured Housing Association for Regulatory Reform (MHARR)

–   Al Kemp, Executive Director of the Manufactured Home Park Owners (BC, Canada), and

   Paul Bradley, President of ROC USA already have.

Or MHI won’t. Simple. Clear.  No excuses.

See what those 3 industry leaders had to say in one of the linked articles on Disney further below.

 

MHI-Inspired “Boycott”?

It spoke volumes that MHI purportedly had their part-time surrogate, George Allen, call for a “boycott” of MHProNews within hours of our article and most recent headline news update being published and emailed.

Antitrust Girard Gibbs law firm says this, “A group boycott occurs when two or more competitors in a relevant market refuse to conduct business with a specific individual or company. Individual companies may always unilaterally decide to stop doing business with another company, but agreements between competitors may violate antitrust laws.”

So, there is a legal expert’s view that an organized boycott can be an antitrust violation. That means that those who were behind the called for boycott, have placed themselves in the legal cross hairs.

Those who participate, ditto.

The hypocritical irony of the call for a boycott is that GF Allen has – when he was on the outs with MHI – called MHI and their masters, Oligarchs. Allen has said in his own words that the industry was being monopolized. But sadly, the retired Marine Allen has a purported reputation for saying and doing what he thinks will give him more money, leverage, and/or attention. Rest assured, if a group of independents offered Allen a pile of cash, based on his history, he’d arguably turn on MHI again in a New York minute. His own reputation after the SECO-connected legal fiasco speaks sufficiently of his credibility. Keep in mind that just because SECO isn’t in the headlines, that doesn’t mean that the investigation and case prep aren’t ongoing.

George can say whatever stuff he wishes to say or write – within the norms of the law, ethics, etc. – but facts still matter. If Allen had proven a single claims, that might have been interesting. But instead, bomb throwing without a shred of evidence, and a call for a “boycott.”  That’s called a red herring. It’s also arguably opened Allen – and those with him – up for legal investigation, and potential action.

It would also be the reasons why industry pros should say, ‘what are the folks in Arlington and Knoxville trying to keep us from reading?’

Short of successful criminal and civil actions against the Omaha-Knoxville-Arlington axis, the next greatest thing they fear is arguably exposure.  Once the mask is completely off, then their MHI connected ‘alleged’ con game is over.

DeceptiveTradePracticesManufacturedHousingInstituteDailyBusinessNewsMHproNews

As with any con, the faces smile while pockets are being picked. Is your firm one of those pockets being picked?

After all, if those in MHVille who see MHI in a protection racket/con game fashion are correct, then the little guys are paying to have the big guys destroy the little guys own interests.

Or as Marty Lavin, an MHI award winner put it in his words, MHI only works for the little guys when that happens to match the interests of the big guys.

Within an hour of being asked, Al Kemp – who was on vacation in Hawaii when his office had contacted him – within an hour, Al had written Disney a fine message.  It was a good compliment to those from Mark Weiss and Paul Bradley. Al thought it that important.

If Al Kemp, Mark Weiss and Paul Bradley did, how about MHI?

What excuse will MHI give? Does it matter? Or if they now act only because they were pushed into it, what glory is there in that?

Do you see why our publisher has at times used satire? Don’t the tragic jokes practically write themselves?

And if MHI or the Berkshire brands do – out of shame or embarrassment – finally weigh in with Disney on their terminology issue – and they should! – then here’s the next question.  Why haven’t they done a real reputation defense of the entire MH Industry for the last few years on all similar issues?

It’s debatably time to turn the page on the failed systems and problematic leaders of recent years.

In the articles and reports that follow, several themes will come to light.

1)    There are huge opportunities in factory-built housing.

2)    Manufactured homes are underperforming.  That’s opportunity in disguise, for those who know what to do.

3)    That logically means that MHI, their allies and surrogates, have ignored reputation defense.  Doesn’t that disproportionately hurt the little guys more than the big ones?

Our sources in Washington and other cities were investigations of the Omaha-Knoxville-Arlington axis are underway tell us that these things take time. You and thousands will need to be patient, just as we are.

But there will likely come a day when you’ll wake up to a headline that’s not found first on MHProNews, but rather will be in national media. Those imagined headlines could read like this:

  • Antitrust charges filed against major firms, and trade group, details at 10.”
  • “RICO-related arrests occurred at national trade association headquarters, details at 10.”

The mantra of a con artist is ‘never, ever give up the con.’ They – whomever are in that loop – won’t likely confess, unless it is part of a plea deal with federal/state investigators. They arguably won’t admit they’re deceiving the MH industry they claim to be protecting.

The powers that be certainly won’t want to face millions of manufactured home owners – who because DTS isn’t being properly implemented by MHI, Fannie and Freddie – are arguably be cheated of lower payments, and higher resale values.

Turn the page.

2018 is almost done. 2019 is almost upon us.

Thousands of more pros are logging on daily than at this time a year ago.  Why?  Because at a minimum, they – like you – are learning to be more skeptical of the ludicrous claims made by MHI and their puppet masters.

 

ManufacturedHousingInstitutelogoMHILogoMHIVideoStillsMillionsofViewsDailyBusinessNewsMHProNews

 

Anyone who can produce graphics like the above, and can still smile, ask for their year-end bonuses, and do so while they tell you that 100,000 (+/-) new HUD Code manufactured homes are sold in 2018 are selling and/or smoking something.

Buying or smoking what they offer is arguably bad for your health.

Want to make manufactured housing history? Turn the page.

 

RuleNumber1NeverGiveUpTheConGodfatherDailyBusinessNewsMhproNews

Liars can lie with a straight face. Con artists can’t give up the con, because if they do, what’s left for them? Either MHI knows what they say they are doing – in which case shipments should be rising significantly, right? Or MHI and their Knoxville-Omaha masters don’t know what to do, in which case their failure to move the needle makes sense, but in that case, they shouldn’t claim to be leaders, right? Or, MHI knows what to do, and do what doesn’t work, which benefits a few that want to consolidate the industry into their hands at a discount – are there other logical alternatives? If so, please, explain it in writing, because MHI can’t or won’t. 

 

What’s good for your health is a dose of reality-based reports. See those hot-linked headlines and image/text boxes that take you to the reports for the week from 12.23.2018 to 12.30.2018 are below.

Notice: the headlines that are also boxed-links isn’t to imply that story may be more important than another.  Read every headline, because what you need may be the one you could miss. Resolve to make the changes at your location that can make 2019 brighter than any other year. 

With no further adieu, let’s dive into the week that was.

 

What’s New on the Daily Business News on MHProNews

11DailyBusinessNewsMHProNewsLogos

 

Saturday 12.29.2018

Going PreFab, Habitat for Humanity Announces Plan for Factory Home Building in 2019

Going PreFab, Habitat for Humanity Announces Plan for Factory Home Building in 2019

 

Friday 12.28.2018

Leaving Paradise, “Hell on Earth” – FEMA and Christmas, New Year Responses to Grim Camp Fire

Leaving Paradise, “Hell on Earth” – FEMA and Christmas, New Year Responses to Grim Camp Fire

Bankrupt Sears Gets Last Minute Bid, Plus MH Market Updates

 

MHARR, ROC USA, Canadian Association Weigh-In On Disney “Trailers” Controversy

MHARR, ROC USA, Canadian Association Weigh-In On Disney “Trailers” Controversy

What the Latest Numbers from #1 Manufactured Housing Market Texas Reveals

What the Latest Numbers from #1 Manufactured Housing Market Texas Reveals

 

Thursday 12.27.2018

“We Have to Keep Changing Too as Retailers”

7 Facts Can Free You from Bear Market Fears, Plus MH Market Updates

7 Facts Can Free You from Bear Market Fears, Plus MH Market Updates

Oil, Soybean Market Maneuvers and Manipulation Reveal Broader Concerns for MHVille

Oil, Soybean Market Maneuvers and Manipulation Reveal Broader Concerns for MHVille

Metro Town Rejects Hundreds of Affordable Housing Units, Cites Reasons Against Using Manufactured Homes

Metro Town Rejects Hundreds of Affordable Housing Units, Cites Reasons Against Using Manufactured Homes

 

Wednesday 12.26.2018

Santa Rally Better Late Than Never, Dow Up 1,000 – Most Tracked Manufactured Home Stocks Rise

Introducing Hyundai Engineering Projects, Donates Disaster-Resistant Modular Homes

Introducing Hyundai Engineering Projects, Donates Disaster-Resistant Modular Homes

FEMA Manufactured Housing Unit (MHU) Program Extension Announced

FEMA Manufactured Housing Unit (MHU) Program Extension Announced

Disney Utilizes Inaccurate, Prejudicial Terminology “Trailer” Offensive to Factory-Builders, Homeowners

Disney Utilizes Inaccurate, Prejudicial Terminology “Trailer” Offensive to Factory-Builders, Homeowners

 

Tuesday 12.25.2018

Legends, Battle of Bedford Falls, and Christmas in Affordable Housing’s MH Land

Legends, Battle of Bedford Falls, and Christmas in Affordable Housing’s MH Land

Sears Prefab Home Initiative

Sears Prefab Home Initiative

 

Monday 12.24.2018

Divergence-Real Economy vs. Market, POTUS Blames FED, Market Plunge Deepens, Plus MH Equities Updates

Best Prefab, Modular Homes 2018, Videos

Sears Prefab Home Initiative

“Manufactured Housing Institute Attorney” Letter and MHProNews Response

“Manufactured Housing Institute Attorney” Letter and MHProNews Response

Clayton Donates Manufactured Home for Christmas, But What’s Up With Those Lumps of Coal?

Clayton Donates Manufactured Home for Christmas, But What’s Up With Those Lumps of Coal?

 

12.23.2018

Escaping the Grave? Affordable, Manufactured Housing News

Escaping the Grave? Affordable, Manufactured Housing News

Together with thousands of honest MHVille pros of good will, we can make our industry achieve its great potential. That’s done by making American lives better, together. “We Provide, You Decide.” © ## (Sunday Morning, weekly headline news review, 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 join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link 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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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.

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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.

Related Reports:

Click the text/image box below to read that report.

Clayton’s Miss, Kevin and Tim’s Manufactured Housing Kill Shot, More

What Just Happened, to Cavco, Independent Communities, Retailers, and Manufactured Housing?

 

Metro Town Rejects Hundreds of Affordable Housing Units, Cites Reasons Against Using Manufactured Homes

December 27th, 2018 Comments off

 

TownRejectsHundredsAffordableHousingUnitsCitsReasonsAgainstUsingManufacturedHomesDailyBusinessNewsMHProNews

Image above used to illustrate an actual attached garage to an existing manufactured home, which is noted as part of the proposal in the story details further below.

Taxes. Appearances. Uncertainty about the future.

 

Those are some of the excuses, err, reasons that trustees of South Elgin, a part of the Chicago metro, rejected a 296 unit manufactured home community development that would have served residents 55 and older.

It’s a story that affordable housing and manufactured home industry pros know, but as 2018 winds down, illustrates just how much work lies ahead.

Freelance journalist Janelle Walker’s Courier News report ironically made the Chicago Tribune. The Tribune has had serious financial ties to Sam Zell, whose Equity LifeStyle Properties (ELS) is one of the top two community operations in manufactured housing.

In a split decision, the South Elgin Village Board declined a proposal late last month for a new manufactured home community. Developers PND 3001 Investments had sought a zoning change for a special use permit, said Walker, for a site plan approval for the 296 units it wanted to place on an 88-acre site on Umbdenstock Road.

 

325UmbdenstockRoadSouthElginWestChicagolandILDailyBusinessNewsMHProNews

 

Walker was writing for the general public, so an industry professional wouldn’t normally need some details her generally fine narrative provided.

But concerns about how the state taxes manufactured homes — also called mobile homes — and how those taxes would be split among governing bodies stopped some trustees from approving the project.

The state of Illinois taxes mobile homes as “chattel.” While a buyer pays sales tax on the initial home purchase, an annual fee to the state and rent to the owner for use of the land, the property owner only pays taxes for the land on which the homes are located,” per the Tribune account.

 

325UmbdenstockRoadSElginNearChicagoILDailyBusinessNewsMHProNews

 

Walker said that trustees John Sweet and Mike Kolodziej voted in favor of the development.

They look nice … different from a stick-built home but not really,” Sweet said. “I think it is an alternative,” and adds another option to the village’s housing stock, explaining his vote, adding “We need more diversity in our housing.”

But South Elgin village board trustee Scott Richmond said he could not support the development.

I don’t think it is the right project for us,” said Richmond. “This puts the village tax base at risk. This project on this land is not appropriate.”

The land is currently zoned for industrial use, explained Walker. But there are housing developments on two sides with an industrial park to the south. To the east is farmland, which may also be the target for future development activity.

PND’s plan included an agreed to limit the development to residents 55 and older or restricting children from living there for more than 14 days at a time.  The PND Plan also included an attached garage for each home. All of those items were apparently added following initial discussions with the South Elgin Planning and Zoning Commission and later with the Village Board.

Larry Lapin of PND 3001 estimated taxes on the property at some $400,000 a year. To mollify the concerns over the relatively lower tax revenue such a project would bring compared to other possible projects, the developers had also offered to add a clause to the agreement to pay an additional $350 per unit.  That $350 bump was to be divided between the village and the South Elgin & Countryside Fire Protection District.

 

A YIMBY vs. NIMBY View of the South Elgin Case

Apparently the added sweeteners and incentives didn’t work. 

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

Tye has argued that manufactured homes should be seen as a plus, not a minus.  Perhaps as or more important is the hidden cost to a town, individuals, society, and taxpayers when affordable housing isn’t made available.

NBERPast25YearsHousingConstraintsChangTaiHsiehUChicagoEnricoMorettiUCBerkely-e1532787755721

NBER researchers Hseih and Moretti make the case that failure to provide affordable housing near where people work costs the U.S. $2 trillion annually in lost GDP. To learn more click the link here, or see the related report, further below.

 

Trustee Greg Lieser agreed with Richmond, arguing that if the property was sold, new owners would not follow agreements being made in the present, or would seek to have them changed.  But isn’t that ‘concern’ possible for other kinds of developments too? Does that argument against this proposed project just mask a NIMBYite view against affordable homes in general, or manufactured homes specifically?

 

NIMByNotInMyBackYardDailyBusinessNewsMHproNews

 

There is too much uncertainty with the owners and rent, and what this might look like in 10 or 20 years. I do appreciate that you listened. I wish you would have come in originally with a solid plan,” Lieser said.  Rephrased, was Lieser concerned that manufactured homes would – after a decade or two – somehow morph into the appearance of 70 year old trailers houses?  Isn’t prejudice and more at work in the background of this South Elgin tale?

 

FactoryHousingEvolution101TrailerHouseMobileHomeManufacturedHome-768x601

 

As 2018 winds down, and 2019 looms, projects like this reveals just how much work lies ahead for the greater acceptance of affordable housing in general, and manufactured homes in particular.

 

TruliaImpactofAffordableHomesHousingValueDailyBusinessNewsMHProNews

The Trulia research reinforces what HUD’s PD&R on manufactured homes appreciated side by side with conventional housing discovered. Namely, that affordable homes and manufactured homes don’t negatively impact property values.

 

These are the kinds of projects that a post-production manufactured home advocacy trade group needs, that the Manufactured Housing Association for Regulatory Reform (MHARR) has long argued should be created.  It is also the kind of project that the national umbrella trade group, the Manufactured Housing Institute (MHI), has only occasionally made any effort at addressing.

Is MHI’s failure to act due in part to dominating Clayton Homes increased attraction to more profitable conventional housing?  That’s but one conflict of interest that bears more exploration, and which mainstream media and advocacy groups arguably ought to explore and spotlight.

A prior Daily Business News on MHProNews report on this same project is found under the related reports, linked further below the disclosures and bylines.  “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 join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link 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.

 

Related Reports:

You can click on the image/text boxes to learn more about that topic.

 

Plan for New 296 Site Metro Manufactured Home Community

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

 

FEAR, a Solution to the Affordable Housing Crisis, and the Manufactured Home Dilemma

 

Zillow Research Reveals Impact of Rising Rents on Homelessness, Affordable Housing Advocates, Public Officials, and Investors Take Note

 

 

 

 

 

 

Escaping the Grave? Affordable, Manufactured Housing News

December 23rd, 2018 Comments off

 

EscpaingTheGraveAffordableManufacturedHousingNewsMHProNews

A rut has been defined as an open-ended grave.

 

Habits can be useful, and good habits are necessary in one’s personal and professional life.

But problematic habits are a rut.  They may be comfortable, at least until the walls of the rut finally weaken and collapse.

If a collapsed wall of a rut is deep enough, if not escaped in time, that open-ended rut can become a grave.

 

The Challenge of Contemporary MH News…

CaseyMackLegacyHousingManufacturedTinyHomesKudosMHProNewsThe challenge of a pro-industry, pro-consumer trade journalist in manufactured housing today can be summed up like this. In an obviously underperforming industry, one must both challenge the status quo, while not alienating the core audience.

Furthermore, in case an insufficient number of the core audience fails to awaken from the sleep-walk of a potentially deadly rut, one must attract a new professional- and investor-audience that ‘gets it.’ Experience has shown that newcomers have at times rapidly lapped sleepwalkers, who by definition, are not performing to their potential.

That’s transparency.

Our site statistics, other third-party insights, and other metrics tell us we are successful in a variety of ways at threading those needles.

For example, the Manufactured Housing Institute (MHI) – which claims to professionally represent all aspects of factory-built housing – says there are some 40,000 people working in the manufactured home industry.  That seems like a low figure, for common sense reasons. The graphic below explains one of many reasons we think that MHI is ‘wrong again’ on claimed ‘facts.’

 

ClaytonHomes2017AnnualReportManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

So, with it understood that some 40,000 (+/-) are working full-time in our industry, and knowing that every day north of 11,000 unique visitors are logging onto MHProNews, and they read an average of about 4½ articles each, that tells you just how powerful our market penetration is.

No data set is perfect.  But the vast majority of those professional readers here – third-party data, messages, calls, and common-sense all suggests – aren’t lawn mowers and line workers – whose work we respect, because those workers are essential to our industry. Rather, our trade media site of professional readers are the managers, owners, executives, investors, policy-makers, advocates, and other pro-doers.

IfMHProNewsIswritingAboutItIWantToKnowAboutItAgain, the biggest names – plus the mom and pops – and all in between are among most faithful readers of our proprietary e-list.

  • When facts are twisted by the powerful,
  • when pros get spin instead of the truth, or
  • professionals are squelched and told how to think or behave,
  • human nature often rejects those trying to push them around.

That push-back may not be an open rejection.  But people find ways to respond – such as by reaching out to MHProNews with the news tips that some of those ‘big boys’ hate to read.

We have a variety of ways – often, from insights directly from within companies and organizations – of knowing in a broad fashion who are logging on.  We aren’t Google or Facebook, so we don’t ‘see you’ on this site, but our email database and other insights suggest the following:

  • YouMHProNewsSeemToHaveConceptualIQThatIsMoreImportantThanSpellingAbilityAbout 97% of MHProNews readers are U.S. based.
  • About half of the remaining 3 percent are from Canada, the rest are often from ‘investor’ nations that have people with deep pockets, researching opportunities in factory-built housing.
  • While we have corporate plus independents of all sizes and types – retailers, communities, producers, etc., etc. – the very biggest names in our industry are among our most dedicated readers, per third-party reports.
  • Our open rate on our emails, and our click through rates dwarf others in media and publishing. All of this is from third-party information.
  • Our readership – which was already #1 in our industry – skyrocketed since we went to a more fact-check oriented format, about 16 months ago.  To be more specific, readership more than doubled in that timeframe.

It’s not because we are wacky ‘conspiracy theorists’ or mere ‘bomb throwers,’ as the blindly MHI favoring types want to project.  MHProNews carefully lay out the facts, show the money-trails, document public sources, and lay out the reasoning. It’s what the president of a well-known organization called our “street cred” that keeps him and thousands of others coming back.

HowardWalkerJDELSViceChairmanPhotoManufacturedHouisngInstituteMHIExecuitiveCommitteeBoardMemberDailyBUisnessNewsMHProNews

The words of the late Howard Walker, ELS Vice Chairman, shared for publication with MHProNews.

 

What’s Coming in 2019

Looking ahead, MHProNews plans to roll out in the first quarter of 2019 the latest version of our already industry-leading MHProNews site.

As 2018 winds down, it is possible that manufactured housing will close again with perhaps a modest gain over 2017. That’s an embarrassment to anyone who truly understands our industry. Yet the true story of Rollohome reminds us that one could create in 2 years a company that could dwarf the industry’s current number 2 producer. In five years, Clayton, 21st, and VMF could be in the rear-view mirror.

In fact, among the tips – from multiple sources – is that increasing unrest is found at Clayton Homes among their team members.  It is obvious that MHI has fairly routine turnover and has suffered along with that problem for years.

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

Submit confidential or on-the-record news tips, or comments at this linked email mailto:iReportMHNewsTips@mhmsm.com

Leadership isn’t about self-congratulatory posturing, like what we satirically call the Monopolistic Housing Institute – and their string pullers – have been doing. Leadership is about taking the bull of reality by the horns and working treacherous bullhorns around toward victory.

MonopolisticHousingInstitutelogoManufacturedHousingInstituteMHiLogoFairUseMHProNews306

JiuJitsu is what our industry has needed for some time.  Our sources, supporters, clients, and sponsors understand that reality.

We provide daily reality checks found nowhere else in the avoidably modest-today industry we affectionately call MHVille. But we won’t rest until MHVille honorably emerges to becomes MHLand, and then MHNation.

That’s the Manufactured Housing Revolution.

 

 

A few will of course check out, unable to deal with reality.  But far, far more MH pros and investors are checking in than the trickle that check out or knock us. A common comment from investors, researching our industry is this.  With the manufactured housing product such a good value, and given the affordable housing crisis, how can it be performing so poorly?’

TheyTheBigBoysThinkTheyOwnUsIndependnetsWhile a tiny few can’t handle the truth, over 11,000 daily per third-party metrics find what we publish relevant. In a modest sized industry, those totals are why we dwarf all the other trade publications in our industry, combined.

Perhaps the best compliment of all is that those who wish we and our fact-checks would vanish are among our most avid readers. Thanks.

In fairness to other who publish or blog in MHVille, there’s one other publisher in factory-built housing who could be said that he’s also trying to thread-the-needle that we do. But they don’t do fact checks, and all of the others are arguably different degrees of sellouts. Just look at who backs what, and that speaks volumes.

There’s one trade association – the Manufactured Housing Association for Regulatory Reform  or MHARR – that has been facts-, evidence- and reality-based for years. They are an independent producers organization, but have correctly called for a new-post-production trade body, because MHI has for too-long failed the majority of the industry.

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

There’s the larger trade body that so lacks transparency that they prefer half-truths and arguably deceptive spin to the public debate they refuse to have with us and others who are seeking to expose their purported con game.  We are publicly calling BS on many of their claims. They can’t even correct obviously flawed data, why not? Don’t they care about their own image and reputation?  The bottom line of their failures is evidenced by the shipments. The rest of MHI’s efforts are arguably smoke and mirrors.

 

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryDailyBusinessNEwsMHproNEws

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

TonyYouGuysAreTooSmartToBeInThisIndustryAn attorney claiming to be working for MHI, and interestingly across-the-river from Nathan and Mary Smith, has sent via FedEx a letter to our publisher.  Whining and crying, threats, etc. – instead of openly debating the issues.  If they could debunk our concerns, why do they dodge doing so? As we said some days ago, you aren’t drawing flak unless you are over the target.

Read the headlines, and you’ll know what kind of articles the claimed MHI attorney is whining about.

A non-MHARR member wrote earlier today to say, “…keep giving them hell.” That source is one of several that says there are growing reports of rumblings from within the ranks of Clayton and their Monopolistic Housing Institute puppets.

Our news tip sources make that point clear.

BarryColeMHInsuranceRVMHHallofFameCongratsManufacturedHomeIndustryMHProNews

We have a new set of Clayton Homes, MHI, and insider insights below, with more coming in the days ahead. But we mix it all in with the other MH “Industry News, Tips, and Views that Pros Can Use” that caused you to make us #1.

Our sincere thanks to all who make that the truth.

ItsATerribleIdeaHavingCommunitiesOtherDivisionInWithClaytonBerkshireLendersTo escape a rut, one must first realize the rut that you or others are in.  While we all will die at some point, let’s not die without giving this life our very best shot.

In an affordable housing crisis, when the National Association of Realtors says 8.3 million housing units are needed, MHVille is underperforming.  When MHVille has enhanced preemption that modular producers don’t, HUD Code manufactured housing is the obvious solution for many projects and needs. So the low production levels oddly have benefited just a handful that keep consolidating the industry at discounted prices, to the detriment of the many.

With no further adieu, dive into the headlines from the week of 12.16.2018 to 12.23.2018 that keeps readers coming back for more.  Merry Christmas to all.

Notice for New Visitors: You can access one or more of the articles below by either clicking on the hotlink, or by clicking on an image/linked box.  Either way, you can access the ‘red hot’ reports, news and commentary that follows.

IfPrettyPicturesVideosAloneWereEnoughMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews1

 

What’s New on the Masthead

TheMastheadCommentaryLATonyKovachMHProNews

Affordable Housing – Fleetwood, Champion, Clayton – Genius of the Christmas Story

 

Affordable Housing – Fleetwood, Champion, Clayton – Genius of the Christmas Story

 

What’s New on MHLivingNews

mhlivingnews-improvedlivingforle-logo

Affordable Homes, Warren Buffett as Mr. Potter in Christmas Classic, “It’s a Wonderful Life”

 

Affordable Homes, Warren Buffett as Mr. Potter in Christmas Classic, “It’s a Wonderful Life”

 

What’s New on the Daily Business News on MHProNews

11DailyBusinessNewsMHProNewsLogos

Saturday 12.22.2018

  Capital Pouring In, What Warren Buffett May Not Want MHVille Professionals to Know

Capital Pouring In, What Warren Buffett May Not Want MHVille Professionals to Know

 

Friday 12.21.2018

  Darkest, Shortest Day 2018, Markets Dump, Apt Rentals Bump, Housing Slump$

Darkest, Shortest Day 2018, Markets Dump, Apt Rentals Bump, Housing Slump$

  “Trailer Park Boys” – Al Kemp, Canadian Manufactured Home Community Association Letter Reacts to Netflix Series

“Trailer Park Boys” – Al Kemp, Canadian Manufactured Home Community Association Letter Reacts to Netflix Series

  Zillow Research Reveals Impact of Rising Rents on Homelessness, Affordable Housing Advocates, Public Officials, and Investors Take Note

Zillow Research Reveals Impact of Rising Rents on Homelessness, Affordable Housing Advocates, Public Officials, and Investors Take Note

  Optimism Among U.S. Manufacturers at Record High Heading into 2019

 

Thursday 12.20.2018

  MH Equities Snapshot, Plus, ‘Rich Won, Workers Lost’ from Fed, per Cramer, As Market Slide Continues

MH Equities Snapshot, Plus, ‘Rich Won, Workers Lost’ from Fed, per Cramer, As Market Slide Continues

  Virgin of Guadalupe Appears, Community Management Resident Legal Uproar, Surprising Attorney’s Opinion

Virgin of Guadalupe Appears, Community Management Resident Legal Uproar, Surprising Attorney’s Opinion

  Minimum Wages Set to Rise in 2019 in these 20 States, “Fight for $15” Battle Continues, National Economic Council Director Larry Kudlow Opposed

  State Association Steps Up, Promoting Manufactured Home Communities Investing

State Association Steps Up, Promoting Manufactured Home Communities Investing

 

Wednesday 12.19.2018

  Fed Rate Hike, Chair Jerome Powell Comments Send Broader Markets, Most MH Equities Reeling

  Sam Zell’s ELS Scores Again, Details Others Missed

Sam Zell’s ELS Scores Again, Details Others Missed

  Insider Tips – Clayton Multi-Million Dollar Plan Aims at Replacing Sales Staff? Warren Buffett, Bill Gates, Kevin Clayton Meeting

Insider Tips – Clayton Multi-Million Dollar Plan Aims at Replacing Sales Staff? Warren Buffett, Bill Gates, Kevin Clayton Meeting

  New HUD Report Reveals Tragedy of Homelessness, When Solution for Affordable Housing is Hiding in Plain Sight

New HUD Report Reveals Tragedy of Homelessness, When Solution for Affordable Housing is Hiding in Plain Sight

 

Tuesday 12.18.2018

  Spotlighting Pro-Growth Educational Effort by Louisiana Manufactured Housing Association

Spotlighting Pro-Growth Educational Effort by Louisiana Manufactured Housing Association

  Sun Communities, SUI Insider Trades, Institutional Moves, Plus Manufactured Home Equities Updates

Sun Communities, SUI Insider Trades, Institutional Moves, Plus Manufactured Home Equities Updates

  Manufactured Housing Institute Housing Alert, Affordable Housing Crisis, MHI’s #NettlesomeThings Response

Manufactured Housing Institute Housing Alert, Affordable Housing Crisis, MHI’s #NettlesomeThings Response

  Millionaires Survey IDs Top Threats to Their Wealth

 

Monday 12.17.2018

  New Skyline Champion Manufactured and Modular Home Factory Set to Open, Plus MH Market Updates

New Skyline Champion Manufactured and Modular Home Factory Set to Open, Plus MH Market Updates

  Cavco Industries (CVCO) Hit$ Bottom

Cavco Industries (CVCO) Hit$ Bottom

  MHI Allies Respond, Provide Confirmation to #NettlesomeThings, Facts, and Clayton/Berkshire Exposés

MHI Allies Respond, Provide Confirmation to #NettlesomeThings, Facts, and Clayton/Berkshire Exposés

  Scandalous, Presidential Politics, Affordable Housing, Mobile and Manufactured Homes

Scandalous, Presidential Politics, Affordable Housing, Mobile and Manufactured Homes

 

Sunday 12.16.2018

  Children, Grandchildren, Family, Manufactured Housing, Money, and You

Children, Grandchildren, Family, Manufactured Housing, Money, and You

 

Together with thousands of honest MHVille pros of good will, we can make our industry achieve its great potential. That’s done by making American lives better, together. “We Provide, You Decide.” © ## (Sunday Morning, weekly headline news review, analysis, and commentary.)

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

 

 

Related Reports: click the text/image box below to read that report.

Clayton’s Miss, Kevin and Tim’s Manufactured Housing Kill Shot, More

 

What Just Happened, to Cavco, Independent Communities, Retailers, and Manufactured Housing?

 

 

The Coming Breakup of Berkshire? MHI? Plus Sunday Headline Recap 10-14-2018 to 10-21-2018

Joint HUD, White House Announcements Aim to Advance the American Dream

December 14th, 2018 Comments off

JointHUDWhiteHouseAnnouncemntsAimtoRevitalizeAmericanDreamDailyBusinessNewsMHProNews

Press releases from both the Department of Housing and Urban Development (HUD) and the White House pressroom to the Daily Business News on MHProNews could be summed up with this goal in mind.

 

There is a need to revive, expand, and protect the American Dream for all.

President Donald J. Trump signed a new EO – Executive Order – based upon authority from the 2017 Tax Cut and Jobs Act of 2017. It is meant to foster development of the opportunity zones that MHProNews has previously reported on, for example, in the two articles linked below.

 

Factory-Built Housing Pros, Opportunity Zones Roll-Out Approaches, Insider Look

 

Each article can be accessed by clicking on the linked box, later, for more details.  Because there are already – per reports – some in factory-built housing that are preparing to act on these opportunities.

 

Opportunity Zones Law in Place, Poised to Benefit Some 50,000,000 Americans

 

Given a pending fuller implementation of the Manufactured Housing Improvement Act (MHIA) of 2000 and/or under Affirmatively Furthering Fair Housing (AFFH), these Opportunity Zones could be welcome news for HUD Code manufactured home and other factory- builders.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

The creation of more jobs, and less government dependency clearly are good for people, budgets, and those who want to serve the millions who have been trapped in programs and economic conditions that arguably keeps millions poorer.

The HUD press release will be first, followed by a complementary but broader media statement from the White House afterwards.

Please note that by providing these federal releases in toto, it gives industry readers an opportunity to see the take – in this case – from the White House and HUD, unfiltered by other media.  MHProNews tees up the factory-built home industry context, you get to see for yourself what these branches of your government have to say.

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

SECRETARY CARSON TO LEAD WHITE HOUSE

OPPORTUNITY AND REVITALIZATION COUNCIL

 

WASHINGTON – Today, President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.

 

The Council’s 13 Federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income communities. The Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to Opportunity Zones, economically distressed communities where new investments may be eligible for preferential tax treatment.

 

Additionally, the Council will consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts and present the President with options to encourage capital investment in economically distressed communities.

 

“These are still early days for the work of the Council and Opportunity Zones, but the groundwork has been laid,” Secretary Carson said. “The seeds the President has planted are growing and the promise they hold will improve places long forgotten, and the lives of those who call those places home.”

 

President Trump signed the 2017 Tax Cuts and Jobs Act, creating Opportunity Zones to stimulate long-term investments in low-income communities. The program offers capital gains tax relief to those who invest in these distressed areas. This program is anticipated to spur $100 billion in private capital investment in Opportunity Zones. Incentivizing investment in low-income communities fosters economic revitalization, job creation, and promotes sustainable economic growth across the nation, especially in communities HUD serves. Read more about the Opportunity Zones program.

 

Opportunity Zones are a powerful vehicle for bringing economic growth and job creation to the American communities that need it the most.  On average, the median family income in an Opportunity Zone is 37 percent below the state median. To date, 8,761 communities in all 50 States, Washington D.C., and five Territories have been designated as Opportunity Zones. Nearly 35 million Americans live in communities designated as Opportunity Zones.

Currently, there are approximately 380,000 Public Housing units and approximately 340,000 Project-Based Rental Assistance units within Opportunity Zones. Nearly a third of the more than 100,000 rental units preserved through HUD’s Rental Assistance Demonstration (RAD) are located in Opportunity Zones. Read more about the RAD program.

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1600DailyWhiteHouseOpportunityZonesDailyBusinessNewsMHProNews

Opportunity Zones are a key part of the tax cuts signed into law by President Donald J. Trump last December. Today, they got another huge boost.

“For decades, job growth and investment have been concentrated in a few major metropolitan areas,” the President said after signing an executive order to create the White House Opportunity and Revitalization Council. “Some cities have thrived, while others have suffered chronic economic and social hardship. With Opportunity Zones, we are drawing investment into neglected and underserved communities of America.”

The purpose of Opportunity Zones is to lift up communities that have been neglected by Washington and left behind for far too long. The typical family income in these areas is 37 percent below their state’s median level. The average poverty rate is 32 percent—almost double the national average. Nearly 35 million Americans live in these communities. Now, help is on the way.

Here’s how it works: Tax relief is offered in exchange for long-term investments in the low-income communities that need it most. These poorer areas begin to see more job creation and lasting growth. This private investment fuels human potential in these communities, whereas government spending programs too often extinguish it.

The upshot: All Americans, regardless of zip code, should have access to the American Dream. With Opportunity Zones, we get closer to that reality.

President Trump is lifting up the communities that Washington forgot.

Watch: The President signs today’s executive order

  ——————————-

‘We need to know who is coming in and going out’


Yesterday’s tragic terror attack at a Christmas market in Strasbourg, France, reminds us that national security is nothing without border security.

Secretary of State Mike Pompeo explained the stakes. “This is an enormous challenge. We have this problem in the United States as well,” he said. “Lots of folks that we’re watching, we think are at risk, we try to monitor. But the numbers are so big. It’s why, frankly, border security matters.”

“We need to know who is coming in and out of our country.”

Controlling the border is a matter of public safety—one that includes many threats beyond terrorism. From October 2017 through this July, U.S. Border Patrol seized 6,423 pounds of cocaine, 532 pounds of heroin, 439,531 pounds of marijuana, 10,382 pounds of methamphetamine, and 332 pounds of fentanyl from Border Patrol checkpoints.

It’s time to make a deal. There’s nothing partisan about protecting our borders to encourage legal immigration.

Throwback: When Sen. Chuck Schumer believed in securing our border

Watch: President Trump host Democrat leaders in the Oval Office

For years, Democrats have acknowledged the need for border security—even voting for it in the past. Why won’t they come to the table in 2018?

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That’s this morning’s “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: 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 browsers.

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Strong Job, Economic Data Contrast with Market Fears, Plus MH Stock Updates

New York Times-David Leonhardt-“The Monopolization of America,” Manufactured Housing Slant

November 28th, 2018 Comments off

 

NewYorkTimesDavidLeonhardtMonopolizationofAmericaManufacturedHousingSlantDailyBusinessNewsMHproNewss

In one industry after another, big companies have become more dominant over the past 15 years, new data show.” reads the subheading for “The Monopolization of America” by David Leonhardt.

 

Like an onion, many political issues have layers within layers, and sometimes they make you want to cry. This is no exception,” said Richard D. Turnquist, in discussing an issue that will interrelate to our industry, through a topic linked below.

Manufactured housing is not alone as an industry or economic sector that is experiencing a growing level of consolidation or monopolization.

That said, in manufactured housing, it has been:

  • Manufactured Housing Association for Regulatory Reform (MHARR) that politely has laid out facts,
  • MHIdea that pointed their finger at the ‘powers that be’ monopolizing manufactured housing, and in the last few years,
  • MHProNews that have explored the facts and evidence.
  • Frank Rolfe was a critic of MHI on several issues, until he announced about a year ago that he would go silent on the subject.
  • Blogger, former community owner. and retired Marine Lt. Col. George F. Allen has vacillated for years on the subject, which rises or falls – some have observed – depending on who is paying him for what at a given time.
DougRyanCFED-creditManufacturedHousingIndustryDailyBusinessMHProNews-

Doug Ryan, CFED, which is rebranding as Prosperity Now, photo credit, MHProNews.

Then there is Prosperity Now’s Director of Affordable Housing, Doug Ryan – for the non-profit formerly known as CFED – who thrashed as monopolistic Clayton Homes and their Berkshire Hathaway affiliated manufactured home lending units. More on Ryan later, but noting for now that he’s been vocal on abuses by Clayton, Vanderbilt Mortgage and Finance (VMF), and 21st Mortgage Corp.

Then there is:

are just some of those who’ve very specifically targeted in some fashion Clayton Homes, Warren Buffett, and Berkshire Hathaway related lenders as consolidating, monopolizing or behaving in a manner they’ve argued reflects how their “strategic moat” stratagem builds over time Clayton’s monopolistic control in manufactured housing.

Scott Galloway is among the voices with connections within the tech sector who has specifically called for a breakup of what he calls the Big Four, FANG companies.

 

Now, as Leonhardt explains, is the latest in a growing chorus on either side of the left-right divide that gives both history and facts about the trend of monopoly in America.

With that tee up, we will review the entire op-ed by Leonhardt, which the original is found at this link here. Then, we will unpack some manufactured housing related points.

Let’s dive into Leonhardt new column.

TheMonopolizationOfAmericaDavidLeonhardtDailyBusinessNewsMHProNews
The popular telling of the Boston Tea Party gets something wrong. The colonists were not responding to a tax increase. They were responding to the Tea Act of 1773, which granted a tea monopoly in the colonies to the well-connected East India Company. Merchants based in the Americas would be shut out of the market.

Many colonists, already upset about taxation without representation and other indignities, were enraged. In response, dozens of them stormed three ships in Boston Harbor on the night of Dec. 16, 1773, and tossed chests of East India tea — “that worst of plagues, the detested tea,” as one pamphlet put it — into the water. 

A major spark for the American Revolution, then, was a protest against monopoly. 

A strong strain of anti-monopoly sentiment has run through our politics ever since. America was born as “a nation of farmers and small-town entrepreneurs,” the historian Richard Hofstadter once wrote, “anti-authoritarian, egalitarian and competitive.” Hostility to corporate bigness animated Thomas Jefferson and Teddy Roosevelt, as well as the labor movement, Granger movement, Progressive movement and more.  

Of course, monopolies and other corporate giants have fought back against these assaults on their power, and sometimes succeeded for years or decades at a time. It happened during the age of Rockefeller and Morgan. Over the past 40 years, it has happened again.

The federal government, under presidents of both parties, has largely surrendered to monopoly power. “The ‘anti’ in ‘antitrust’ has been discarded,” as the legal scholar Tim Wu puts it in his new book, “The Curse of Bigness.” Washington allows most megamergers to proceed either straight up or with only fig-leaf changes. The government has also done nothing to prevent the emergence of dominant new technology companies that mimic the old AT&T monopoly.  

This meekness has made possible the consolidation of one industry after another. For a long time, though, it’s been hard to figure out precisely how much consolidation. The available statistics just aren’t very good, which isn’t an accident. In 1981 — around the time that the Reagan administration was launching the modern pro-monopoly era — the Federal Trade Commission suspended a program that collected data on industry concentration. 

Fortunately, researchers in the private sector have recently begun filling in the gaps. On Monday, the Open Markets Institute — an anti-monopoly think tank — is releasing the first part of a data set showing the market share that the largest companies have in each industry. You can see the main theme in the charts here: Big companies are much more dominant than they were even 15 years ago. 

Dominance of Corporate Behemoths

The combined market share of the two largest companies in many industries has grown in recent years, often because of mergers.

MonopolizationofAmerica15IndustrieNewYorkTimesDailyBusinessNewsMHproNewsB

By The New York Times | Source: IbisWorld and Open Markets Institute;
“Early 2000s” ranges from 2002 to 2007, depending on data availability.
 

Mergers are one big reason. Another is the power of so-called network effects — in which the growth of, say, Facebook makes more people want to use it. True, a few industries have become less concentrated, but they are exceptions. If anything, the chart here understates consolidation, because it doesn’t yet cover energy, telecommunications and some other areas. It also doesn’t cover local monopolies, such as hospitals that are dominant enough to drive up prices. 

The new corporate behemoths have been very good for their executives and largest shareholders — and bad for almost everyone else. Sooner or later, the companies tend to raise prices. They hold down wages, because where else are workers going to go? They use their resources to sway government policy. Many of our economic ills — like income stagnation and a decline in entrepreneurship — stem partly from corporate gigantism. 

So what are we going to do about it? It’s time for another political movement, one that borrows from the Boston Tea Partiers, Jefferson, T.R. and the other defenders of the economic little guy. 

The beginnings of this movement are now visible. Top Democrats believe that anti-monopolism can be a political winner for their party. It’s a way to address voters’ anxiety over high drug prices, digital privacy and more. “The control of business over certain segments of the economy,” says Senator Amy Klobuchur of Minnesota, a potential presidential candidate, “I think it will be a much bigger thing going into 2020.” 

Klobuchar has offered a good bill that would raise the legal standards for merger approval. But preventing future mergers won’t be enough. Eventually, the government will probably need to break up existing giants, as it did to the old AT&T and Standard Oil. One obvious candidate is Facebook, which has gobbled up Instagram, WhatsApp and other businesses.

And corporate bigness doesn’t need to be a partisan issue. Senator Mike Lee of Utah is among the Republicans who have expressed concern about it. Conservatives, after all, are supposed to care about the ideals that monopolies undermine — like market competition, economic dynamism and individual freedom. Ultimately, monopolies aren’t only an economic problem. They are also a political one. 

“We may have democracy, or we may have wealth concentrated in the hands of a few,” Louis Brandeis, the Supreme Court justice and anti-monopoly crusader, said a century ago, “but we can’t have both.”

More from Opinion on big business:

Opinion | Tim Wu: Be Afraid of Economic ‘Bigness.’ Be Very Afraid.Nov. 10, 2018

Opinion: Is Amazon Bad for America?Nov. 15, 2018

Opinion | David Leonhardt: The Charts That Show How Big Business Is WinningJune 17, 2018 

David Leonhardt is a former Washington bureau chief for the Times, and was the founding editor of The Upshot and head of The 2020 Project, on the future of the Times newsroom. He won the 2011 Pulitzer Prize for commentary, for columns on the financial crisis. @DLeonhardt Facebook

 DavidLeonhardtJournalistNewYorkTimesWikipediaDailyBusinessNewsMHproNews

 

The Slant from the Independent’s Resistance Tower in MHVille

What’s been uncovered by following the money trail, facts, tips, and evidence in manufactured housing could be summed up like this.

Warren Buffett’s “strategic moat” principle is arguably more than just waiting for some business or economic circumstances to provide him with ‘value’ or ‘bargain’ acquisitions in sectors that make sense to him and Berkshire Vice Chairman Charlie Munger.

  • Buffett has supported political candidates whose platforms promise more regulation that are harder for small companies than bigger ones.
  • Buffett’s Berkshire brands not only allowed negative news coverage to create negative headlines that spur headwinds. His own donations to non-profits like the Tides Foundation have funded the protestors, opposition groups, and even negative news on Clayton/et al.
  • The Manufactured Housing Institute (MHI) is not the only non-profit that a Berkshire manufactured housing brands have opted to fund and dominate, arguably for their own benefit.

All of this has been documented, argued, and underscored using Warren Buffett’s, Tim Williams’, and Kevin Clayton’s own words.

See the reports, linked above and below.

 

The Impact of Monopolistic Moats on MHVille and America 

The cost to our nation is estimated at $2 trillion dollars in lost economic activity.

What the New York Times op-ed by Leonhardt does is provide is yet another reason why honorable and thoughtful professionals, business owners, investors, home owners, renters – and the homeless – could come together on.

End the monopolies.  “We Provide, You Decide.” ©  (News, analysis, and commentary.)

NOTICE: 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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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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Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

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

November 14th, 2018 Comments off

 

JoeStegmayerPhotoManufacturedHousingInstituteLogoMHILogoChairmanCavcoIndustriesLogoManufcturedHomesMHProNews600x315

The Manufactured Housing Institute (MHI) has sent out a message to their members earlier today.  It’s debatably a common-for-the-Arlington, VA based trade group, in that it has a mix of purportedly accurate, questionable, misleading, and missing information.

 

Among the more interesting points are what MHI was mute on.

For example, what is to become of Joseph Stegmayer, who is still listed on the MHI website as their current executive committee chairman?

 

Cavco Chairman Joseph H. Stegmayer Steps Down Under SEC Cloud, “Personal, Confidential” SEC Document, Cavco Industries’ Statement

 

Stegmayer stepped down last week under the cloud of an Securities and Exchange (SEC) subpoena, as the Daily Business News on MHProNews reported at this link above.

Quoting part of Cavco’s statement: “The Company also announced that it had received a subpoena from the Securities and Exchange Commission’s Division of Enforcement (“SEC”) requesting certain documents relating to, among other items, trading of the stock of another public company. Subsequent to sending the Company a subpoena, the SEC sent a subpoena for documents and testimony to Joseph Stegmayer, regarding similar issues. The Company has initiated an independent investigation and intends to cooperate fully with the SEC’s investigation. Please see Part II, Item 1, Legal Proceedings section of the Company’s quarterly report on Form 10-Q for the period ended September 29, 2018, filed with the Securities and Exchange Commission contemporaneously with the issuance of this press release, for additional information regarding this matter.”

Sources suggest to MHProNews that if Stegmayer is cleared, he might return to a leadership role at Cavco. But if the SEC investigation proves to be as serious as some inside and outside of the publicly trade firm (CVCO) believe, Stegmayer could be exited from his new interim role.  The full Cavco release is found at this link here.

 

“Debacle”

An insider, well-placed source told MHProNews that the development at Cavco was a “debacle.” There will be a separate follow-up report that focuses on updates from Cavco and other sources on the Stegmayer matter.

But why is Stegmayer still in his position as MHI Chairman, while the fog of an SEC investigation hangs over Cavco?

 

CVCOJoeStegmayerStockDropAfterSECCOnnectedShakeupManufacturedHousingIndustryDailyBusinessNewsMHproNews

 

Scandal and Some MHI Chairmen…

Recall that MHI didn’t budge when then-Chairman Nathan Smith came under his own cloud when residents of SSK filed a class action suit against his firm.

Other controversies during the Tim Williams/21st Mortgage prior chairman era failed to move the Arlington, VA based association then.  That included, but isn’t limited to, allegations of racism and predatory lending against Berkshire brands.  Congresswoman Maxine Waters is now slated to take over as the chair for the House Financial Services Committee.  Waters and her colleagues asked for the Department of Justice (DOJ) to investigate.

 

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

 

According to the Seattle Times, those investigations are ongoing. MHProNews recently reported that other federal investigations of MHI member ‘big boys’ are also under investigation.

 

Affordable Housing, the Visible, Yet Mysterious Struggle for an Obvious Solution, Case Examples

 

One or more investigation storm(s) of the manufactured housing industry’s larger members, potentially including MHI itself, are purportedly approaching.  And should that tempest become public in an oversight way, it may come from Democratic sources, given statements by Waters and others.

Yet for whatever reasons, Tim Williams, Jim Clayton, Warren Buffett and others supported opposition candidates that previously worked for MHI on Preserving Access.  Or is that part of the point?

Recall that Nathan Smith admitted that the industry (i.e.: MHI) had to honestly admit the times it dropped the ball.

 

 

That said, where are any of the issues raised herein addressed in MHI’s recent email news today? Where is the transparency that the late Howard Walker – who was on the MHI Executive Committee for years – said should exist?

 

HowardWalkerPhotoELSViceChairmanManufacturedHomeCOmmunitiesManufacturedHousingInstituteExecCommitteeMemberQuoteTransparencyMHProNews

Thoughtful words, worth pondering. 

 

ManufacturedHousingInstituteLogoMHILogoNewsUPdatesMHProNews11.14.2018DailyBusinessNewsMHProNews

 

Note there are other debatably deceptive, misleading or a mix of truth-with-slight-of-hands in the recent MHI communication to their members.  Some of those may be explored further in the days ahead.

In the meantime, a simple word to the wise.  If MHI said it, how does it stack up to objective facts?

NOTICE: Watch for a follow up report on the Cavco/Stegmayer/SEC matter in the days ahead. To sign up for our emailed headline news, see the link here or below.

The Daily Business News on MHProNews will continue to track and report on these issues. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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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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Legacy Housing Files for IPO, Plus Manufactured Housing Industry Market Updates

November 9th, 2018 Comments off

CNNmoney11.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsLegacy Housing has announced that it has filed a form S-1 with the U.S. Securities and Exchange Commission (SEC) regarding its Initial Public Offering (IPO). That IPO and some related insights will be our featured report for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.  We source from across the left-right divide.  

 

Select bullets from CNN Money…

  • Stocks end the week with a thud
  • GE stock could plunge to $6, JPMorgan warns
  • Crude oil has rapidly plunged into a bear market
  • GM’s donut-ordering app is helping it prepare for a driverless future
  • PERSPECTIVES Etsy CEO: 3 ways Congress can improve the gig economy
  • Half of Netflix’s new Asian originals are from India
  • Fortune magazine sold to Thai businessman
  • President Trump threatens to pull more reporters’ credentials
  • Is the ban justified? Can CNN sue? Questions on the White House action against Jim Acosta, answered
  • New York is the hot spot for Big Tech
  • This quirky experiment highlights AI’s biggest challenges
  • Should you buy or rent a vacation home?
  • E-Commerce Guide by CNN Underscore
  • Amazon’s Pre-Black Friday Sale starts now
  • Amazon HQ2 backlash
  • Cities should stop throwing money at Jeff Bezos, some experts say
  • Everything we know about Amazon’s HQ2 search
  • Amazon HQ2 could hurt those in need. Here’s how the winning city can make sure it doesn’t
  • Biggest Amazon bulls think stock will go up another 40%
  • The argument against having close friends at work
  • How to talk about politics at work
  • Should laptops and phones be banned from meetings?
  • How to deal with a workaholic boss
  • WHAT TRADE WAR?
  • China’s economy has other big problems
  • The country reports slowest growth since 2009
  • The yuan just hit its lowest level in a decade
  • But China’s exports are still soaring

Select Bullets from Fox Business

  • Stocks lower as oil craters amid global worries
  • How much money do Google’s top employees make?
  • California wildfires rage, slamming PG&E, Edison International
  • UPS preparing for a massive freight driver strike
  • Boeing jet crash lands in Guyana amid probe of fatal Lion Air accident
  • How to become an everyday millionaire
  • Federal judge blocks construction of Keystone XL pipeline
  • Oil about to post its longest losing streak in 34 years, here’s why
  • Chevron to stay in Venezuela as inflation tops 830,000%
  • FDA to ban flavored e-cigs to help curb ‘epidemic’
  • China’s virtual AI newsperson looks just like a human
  • The latest on GE’s ongoing nightmare
  • US Army to get advanced camouflage protection system
  • The Fed sidesteps wage growth in economic praise
  • Former Tesla employee allegedly embezzled millions
  • The best business schools in America
  • Steve Wynn sues to block release of report on alleged misconduct
  • Medicaid expansion increases voter turnout: What that means for 2020
  • Harley-Davidson gives first look at new electric motorcycle
  • Amazon to sell Apple’s newest products for first time: Report
  • ‘Harry Potter’ author JK Rowling sues assistant for shopping spree
  • Kennedy: Nancy Pelosi is not the Dems’ answer
  • These states will pay higher taxes on items after midterm elections
  • These are the most livable mid-sized American cities
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  • Millennials are the pillar of economic growth: Here’s why
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  • Job help is US military veterans’ top request after serving
  • Home Depot creates 3,000 multimillionaires, co-founder says

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance11.9.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.9.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

LegacyHousingFilesIPO-LEGH-PlusManufacturedHousingStocksMarketUpdates

 

Legacy Housing has announced that it has filed a form S-1 with the U.S. Securities and Exchange Commission (SEC) regarding its Initial Public Offering (IPO). That IPO and some related insights will be our featured report for this evening.

Legacy Housing Filed today their form S-1 U.S. Securities and Exchange Commission (SEC) regarding its Initial Public Offering (IPO).  Some of the information below are drawn from that document, which was obtained by the Daily Business News on MHProNews.

Legacy was co-founded by Curt Hodgson and Kenny Shipley, shown in the featured image above.  They are among the top independent producers of HUD Code manufactured housing in the nation, by units and sales volume.

Legacy recently used MHProNews to promote to successful September and October events. Their S1 says they have the greatest order backlog in their history.  As a flashback, one of those promotions is linked below.

Fall Manufactured Housing Show Features Free Education, Fun, Special Financing, & More

24-7 Wall Street said, “With current operations focused primarily in the southern United States, it offers customers an array of quality homes ranging in size from about 390 to 2,667 square feet consisting of one to five bedrooms, with one to three and a half bathrooms. These homes range in price, at retail, from roughly $22,000 to $95,000. In 2017, the firm sold 3,274 home sections (which are entire modules or single floors).

During the first nine months of 2018, Legacy has sold 3,045 home sections. Legacy commenced operations in 2005 and has experienced strong sales growth and increased equity holders’ capital at a compound annual growth rate of approximately 25% between 2009 and 2017. The firm currently has the largest backlog of orders in the company’s 13-year history.”

Some pull quotes and graphics from the Legacy S1.

LegacyHousingSampleInventoryManufacturedHousingIndustryDailyBusinessNewsMHProNews

From Legacy Housing (LEGH) S1. See full Legacy Housing SEC form S1 as a download, from the link here.

Our Growth Strategy 

We have a strong operating history of investing in successful growth initiatives over the past 13 years. We believe that the solution we are able to provide for our customers, as a result of the vertical integration of our company, enhances our brand recognition as a leading producer, results in higher and more efficient utilization of our manufacturing factories and expands our direct-to-consumer outreach for our wide variety of customizable homes. This operational focus has provided us with sustained net sales and net income growth over the years. Our growth strategy includes the following key initiatives:

Broaden and Deepen Our Retail Presence in Key Geographic Areas.  We currently distribute our products primarily across 15 states through a combination of 11 company-owned retail locations and 117 independent retail locations. We believe that a more robust network of company-owned retail locations will allow us to be more responsive and improve the customer experience at all stages, from manufacturing and design to sales, financing and customer service. We believe our company-owned stores will, on average, be more productive than our independent retail locations and generate higher gross margins due to our ability to select attractive markets and develop highly-trained sales representatives who possess a deep understanding of our business and customer needs.

Expand Financing Solutions for Our Customers.  We recognize that offering financing solutions to our customers is an important component of being a vertically integrated company that provides affordable manufactured housing. Providing financing improves our responsiveness to the needs of prospective purchasers while also providing us with opportunities for loan origination and servicing revenues, which act as additional drivers of net revenue for us. With a portion of the net proceeds of this offering, we intend to expand our financing solutions to manufactured housing community-owner customers, in a manner than includes developing new sites for products in or near urban locations where there is a shortage of sites to place our products.

Continue to Focus on Innovation and Customization for Core Customer Groups.  Our production strategy is focused on continually developing the resources necessary to efficiently build homes that incorporate unique, varied and innovative customer preferences. We are constantly seeking ways to directly source materials to be used in the manufacturing process, which allows us to ensure we utilize and employ quality materials that can be customized to meet our customers’ needs. Our principal focus is on designing and building highly functional and durable products that appeal to families of all sizes.

Seek Additional Agreements with Owners of Manufactured Home Communities.  Community housing developments provide us with large, concentrated sales opportunities. These projects vary in size and density but generally include 30 to 300 homes. We believe there are significant growth opportunities to work with our development partners on such projects and view these opportunities as an important driver for both the sale of additional manufactured homes and for financing bulk purchases of those homes by community owners.

Pursue Selective Acquisitions.  We seek to grow through selective acquisitions in both existing markets and new markets that exhibit strong and reliable long-term fundamentals. We also regularly evaluate opportunities tangentially related to our affordable housing business in our geographic markets. We have no current agreements or understandings regarding an acquisition.

AvgPriceDifferenceConventionalHousingVsManufacturedHomesLegacyHousingLEGH-S1IPOFilingDailyBusinessNEwsMHProNews

The full S-1, which includes more graphics and financial details are found at this link here.

 

MHProNews congratulates the Legacy team on this announcement.  As a disclosure, with other stocks, MHProNews holds no positions in the company, which their details reveal has been a strong contender, that has reportedly moved to the number 4 position in the industry, behind Clayton, Cavco and Skyline-Champion.

ManufacturedHousingVsTotalCompletedHomesLegacyHousingS1FilingIPODailyBusinessNewsMHProNews

In unrelated developments on a busy news day, see another tracked stock news item below.

 

Other Tracked Stocks Reports:

Cavco Chairman Joseph H. Stegmayer Steps Down Under SEC Cloud, “Personal, Confidential” SEC Document, Cavco Industries’ Statement

Prosperity Now, Protests, Indivisible Project, Warren Buffett, George Soros, POTUS Donald Trump, MHAction and Manufactured Housing – Following the Money

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 

11.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.