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

December 18th, 2018 No comments

 

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We are periodically asked for an executive summary of the issues that have caused the purported manipulation of the most affordable kind of permanent housing in America. What follows is that executive summary, and it will include two complimentary threads. Read the text.  Then look at the illustrated cartoon-style pictures. Or reverse that order, but either way, watch the videos posted in this report too.  It all ties together.

 

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This was sent out yesterday evening, just hours after MHProNews published its #NettlesomeThings report. Why doesn’t MHI respond as quickly to the almost daily examples in mainstream media of slurs or misinformation about manufactured homes or our industry’s home owners? The cartoon photos that follow include some from the photo array, shown above. 

 

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Journalism, Fact Checks, and Analysis

In classic journalism, the dedicated reporter seeks the answers to these questions. Who? What? When? Where? Why? How?

In doing fact-checks and analysis, the dedicated journalist, looks for evidence, wants corroborating testimonials, follows the money, and examines the claims of the subject using a measure of skepticism with sound reason. They do a logical evidenced-based analysis, not using mere opinions.

The ethical journalist looks at all sources, not just selected ones.

MHI sent out a “housing alert” last night, after 6:30 PM ET. They did so within hours of our Daily Business News on MHProNews#NettlesomeThings report — which is linked in the clickable text/image-box below.

 

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

 

Did Arlington, VA based MHI seek to disprove a single claim or allegation by our MHProNews report and analysis yesterday? No.

 

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MHProNews looks at the facts, considers the sources, and follows the evidence. 

 

Instead, MHI arguably did another head fake, using literal head shots.  Photos of people in positions of authority with MHI ‘leaders’ that they want to impress their readers with.

MHI can get photos made with prominent Democrats or prominent Republicans. What does it prove?  Isn’t the bottom line still the bottom line?

 

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How do these MHI photos with Trump Administration officials impact YOUR bottom line? How do these photos help more Americans get more affordable lending and housing that they could own instead of rent?  There are also photos of MHI ‘leaders’ with Obama Administration officials.  Did those prior photos help the rank and file of our part of the affordable housing industry?

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Public officials will do a photo opportunity – a photo-op – with almost anyone. Candidates running for office will do the same too. What do those MHI photos actually prove?

 

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As an ex-MHI member told MHProNews, isn’t their photos just more ‘razzle dazzle?’ Where are the RESULTS for the Majority of our industry’s independents?  Why are the once thriving numbers of independents in our industry shrinking for years?

What’s happened to our once far larger MH INDUSTRY?  How is it possible that with an affordable housing crisis, that manufactured housing could be underperforming so badly?

 

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryDailyBusinessNEwsMHproNEws

Or where are the lower cost Government Sponsored Enterprise loans by Fannie Mae or Freddie Mac on ALL HUD Code manufactured homes, which the Housing and Economic Recovery Act of 2008 (HERA) arguably required for the benefit of the Majority of Manufactured Home Owners and potential MH buyers?

 

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Tim Williams said it himself in an MHI meeting room in San Antonio, Texas in 2017. A few dozen where in that MHI meeting room, including this writer. Williams said that Berkshire Hathaway owned 21st Mortgage and Vanderbilt Mortgage and Finance (VMF) had not turned over their data to the FHFA regulated Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac.

 

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Other manufactured home lenders did. Why not 21st and VMF?

 

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Because it would cut into what Kevin Clayton said in this video below is the most profitable part of the manufactured housing industry for them, financing.

 

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Kevin Clayton, full length video interview, with commentary for clarity. None of the interviewer’s or Kevin’s statements were edited.

 

The Kevin Clayton video interview is about a 57 minutes.  Properly understood, almost everything Kevin says has significance to investors, to industry professionals, to affordable housing advocates, to public officials, to antitrust experts in government, or for class action plaintiffs’ attorneys.

Several federal investigations are in fact underway. Democrats, Republicans, and independents wanted those investigations of the Omaha-Knoxville-Arlington Axis.

Mainstream media and our own MHProNews sources have confirmed these federal investigations.

The article linked above had three videos on it, all from third party media. We are reposting them here for your convenience.

 

 

The first is from local media, and it confirms – including with a Clayton Whistleblower – that investigations of Clayton and their lenders are underway, which of course Clayton denies any wrongdoing.

 

 

The next video is by Democracy Now, and focused on just one of Clayton Homes serious public scandals involving their handling of the Haitian crisis. They are a progressive group.

 

 

The next video is by a more conservative media outlet, and they mention that same case in Haiti ath Democracy Now did involving Bill Clinton and the Clinton Foundation. Both the left and right-wing media pointed to similar issues involving the same company, Clayton Homes.

These three videos demonstrate that this isn’t about party labels. It’s about posturing vs. results, the lack of results by MHI for the majority, and what caused those poor outcomes.  Follow the money, who benefited? Wasn’t it the Berkshire brands and their MHI allies?

While the affordable housing market has arguably been manipulated for years, the federal government has spent billions of dollars a year on housing programs. It doesn’t matter if the president has been a Democrat or a Republican, HUD Housing Programs have never been enough to keep up with the needs for affordable housing.

And yet, a big part of the solution has been hiding in plain sight. Modern manufactured homes.  It takes a kind of brilliance to devise such a slow motion scheme to obscure the most proven solution, doesn’t it?

 

 

MHI’s response to our #NettlesomeThings is to send out these photos, and then ask you to sign up with MHI, or renew your MHI membership. Who cares who they get their photo made with?

There’re logically three basic options.

 

  • MHI, Clayton and the Berkshire Brands don’t know how to grow the industry, but they claim and posture that they do, while taking independent company’s dues money. Or
  • They know what to do to grow the business, but they just aren’t doing it now, while they consolidate more independents at a discount.
  • Some combination of bullets 1 and 2. Do you see any other reasonable explanation that fits the facts?

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All truth passes through three stages, says the notable author in the quote below.

 

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Which of these three stage are you in?

Please read the related reports, linked above and below from those respective text/image boxes.  BTW, it goes without saying, MHI and their string-pullers have the same First Amendment rights that we all do.  They can support who they want to, as they want to do.  But when they claim to be doing X, and are doing Y and Z, that’s a different matter.  They are collecting money from members under arguably false pretenses.

 

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Ask yourself. Do these Marty Lavin dictums apply in this case?

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

The logic of this statement can be applied to a variety of cases.

 

Our thanks to you, our thousands of daily readers, our sources, and sponsors.

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Screen captures of MHI email to their members is provided under fair use guidelines for media. Cartoon text commentary is by MHProNews. Note that the issues raised in each cartoon can be googled, because they represent actual topics that have been covered by MHProNews, usually on the Daily Business News module.

 

Speaking of sources, one must acknowledge those that went before us. MHARR has fought the good fight for years, and have arguably had MHI try to grab credit for work that they often did or led the initial charge on. There have been others who patiently ‘schooled’ us on what is occurring in manufactured housing, some of whom are current or former MHI members.  Think Marty Lavin, Frank Rolfe, Dick Moore, Bob Crawford and others.

Collectively, you’ve made this trade media the runaway #1 “News, Tips, and Views Pros Can Use” © in MHVille. And the MHLand response to our years of facts checks, follow the money, and analysis has caused our readership to more than double in the last year alone. Our sincere thanks to all who’ve made that true and possible. “We Provide. You Decide.” © ## (News, commentary, and analysis.)

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

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Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
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Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

 

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

 

 

 

 

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

December 17th, 2018 No comments

 

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The issue that follows is tied to allegations of corruption, how that impacts affordable housing, and thus millions of Americans, plus taxpayer funded budgets.  At its core, it’s not a matter of one political party over that one.

 

It seems that the Manufactured Housing Institute (MHI) and the Berkshire Hathaway brands that operate in manufactured housing backing the Arlington, VA based trade group may be embarrassed.

Rather than respond directly to various allegations against them, they have demonstrably used one or more MHI surrogate(s) to attempt to distract from the concerns over their purportedly corrupted work.

So, this report and analysis is about one/more self-identified ally(ies) of MHI, which last year sent via U.S. Mail the package shown further below – designed as an apparent intimation tactic.  The goal was to attempt to dissuade us from publishing on these concerns.  Note that inside the rather large anonymously sent envelope, which has been examined by federal officials – clearly identifies the person who sent the anonymous envelope as working on behalf of the interests of MHI.

Perhaps they didn’t expect us to publish further about that topic last year?  If so, they were clearly mistaken. We at MHProNews have no intention of being silenced by underhanded and arguably illegal tactics. Misusing the U.S. Mail is a federal offense.

If MHI, Clayton, 21st and the other Berkshire brands want to disprove any of our published allegations or concerns, we invite them anew to do so in public. See a new, in depth report, linked here, on their latest major purported scheme that once more aims at diverting lending from affordable housing, as well as harming several of the independent producers of our industry. If MHI and the Berkshire brands in manufactured housing can’t or won’t disprove the concerns against them, doesn’t that speak volumes?

Numbers inside and out of the factory-built housing industry agree that MHI does nothing contrary to the interests or desires of Clayton Homes, and the various affiliates of Warren Buffett led Berkshire Hathaway that operate in the manufactured housing industry.

 

 

To understand what follows, some added insights are merited.

First, the additional background.  Then, the connections and ties to MHI, and what we will refer at times to as the Berkshire brands operating in MHLand, MHVille – i.e.: the manufactured housing (MH) industry, or the MHIndustry.

When we mention allegations against MHI, Clayton, or a Berkshire related issue(s), we use terminology that makes it clear that in the eyes of the law, they are deemed innocent until proven guilty, by plea on criminal matters, and/or via a settlement agreement in the case of a civil cause of action.

Videos like the following two in 2018, and a third one from a few years ago, are all third-party media. They may provide claimed evidence against them Clayton and their sister companies.  But the above principle applies, they are deemed innocent in the eyes of the law, until a matter is proven, pled, and/or legally settled.

 

 

Note that these video sources span the left-right media divide.

 

 

 

Now, let’s briefly look at justice in America, because many believe there is a two-tier system. One where the rich or famous can delay or avoid convictions of crimes that others accused of the same things could more swiftly be found guilty of doing.

Possible examples are former President Bill and former Secretary of State Hillary Clinton, and their scandal-plagued Clinton Foundation, as noted in the second and third video, above.

With that preface, let’s next look at the justice system as it applies to our industry. Because certain practices in both are arguably in need of reform.

 

The Justice System in America, and MHVille

Why do we as a nation lock up convicted criminals? Because if someone is proven guilty of fraud, theft, robbery, rape, RICO, human trafficking, drug dealing, murder, or whatever other serious crimes – they are presumed to be more likely to do it again if they aren’t incarcerated.

So, the goal of incarceration in a prison is in theory to stop more crime from being committed by those proven guilty.

Before someone goes to prison in America – prison, vs. jail – the law provides that they get a defense attorney or one is assigned to them.

 

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If the defense attorney for an accused has moxie and resources, there are a wide range of ways they can legally attempt to refute or cast doubt about an accused person’s guilt.

In civil litigation, both parties have the right to an attorney too, although there are times someone or some organization for whatever reason opts to represent themselves. Even in a criminal defense case, one can go “pro se” or “pro per.”

 

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The Great Manufactured Housing Debate – Guilty…

MHProNews and MHLivingNews are subsidiaries of LifeStyle Factory Homes, LLC. The registered principals of LifeStyle Factory Homes LLC are L. A. ‘Tony’ Kovach and Soheyla Kovach.

They are arguably guilty! Guilty!

Guilty of what?

1) Of wanting to see manufactured housing independents grow and profitably succeed.

2) They are also willing to plead guilty of trying to honestly elevating the image of manufactured housing, manufactured home owners, and honorable manufactured housing professionals.  They strive to do so with facts, evidence, reason, and common-sense.

3) The evidence or proof of that guilt are found on hundreds of articles and scores of posted videos on MHLivingNews.com.

There is even more proof found on MHProNews.com. But there is no court of law needed, because we  hereby plead guilty to counts 1 and 2 above.

Naturally, we as a business want to – and have in fact profited from – such efforts. News is a business, as we’ve underscored before. The fact that MHProNews is the runaway #1 in its niche of manufactured housing trade media is pretty good evidence that we have credibility with our audience.

4) What follows is a partial listing of reasons for credibility, conferred upon our operations’ work, on our team, and/or our publisher by others.

Various third-party mainstream media have spotlighted us or our publisher, for but a few examples:

The above are a partial listing only, none were paid for by MHProNews, and thus are more than enough to demonstrate that MHProNews is widely deemed to be a credible source from outside of our industry.  How about from within the ranks of MHVille?

 

Recommendations, Endorsements, Letters, Videos and Messages 

Every form of modern recommendation that once can think of has been provided to the work of LifeStyle Factory Homes, LLC and/or our publisher.

Are we perfect?  No, and never claimed to be so.  As a senior MHI member put it recently, “You seem to have conceptual IQ that is more important than spelling ability,” which is a humorous way of saying that we have typos.  Guilty. That same source added, “You [MHProNews] are prolific and you keep the headlines sexy.” Sexy? We’ll let that one go for now.

That said…

 

Over a Thousand Professionals Gave via LinkedIn Recommendations or Endorsements 

Based upon LinkedIn endorsements and kudos alone, we arguable don’t need or require any endorsement by MHI or from people connected to the Berkshire brands.

But we have those MHI- and Berkshire-connected kudos too.

  • Tim Williams – President and CEO of 21st Mortgage Corp, and then MHI Chairman:
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To see the full on-the-record statement by Williams to MHProNews, click here.

  • Howard Walker, JD – the late ELS Vice Chair and MHI Executive Committee member:
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The words of the late Howard Walker, ELS Vice Chairman, shared for publication with MHProNews.

  • Jim Clayton – founder of Clayton Homes and Clayton Bank  – by video:

 

  • MHI President and CEO, Richard ‘Dick’ Jennison by video and others too:

  • Ann Parman – since retired from MHEI,  the educational wing of MHI:

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MHI and the Berkshire brands were delighted – demonstrably delighted – to have our support based upon the financial logic or merits of issues such as the Preserving Access to Manufactured Housing Act. Note that whatever the odds for success were – and the MHI backed bill never passed – it arguably merited support, for reasons the article linked here revealed.

So, both on MHProNews and on MHLivingNews our publishing and video was sincere.

That support of Preserving Access – and more – was also widely praised by state associations, MHI, and Kevin Clayton himself. He had one word to describe it in this email sent to Tim Williams, to another Clayton staffer, and which Williams forward to our publisher — “Strong….”

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This forwarded email was forwarded to MHProNews by a third party. Why wasn’t all of the pro-industry research, video, and educational materials supporting MHI’s Preserving Access bill shared by MHI?

 

For those who think that all the praise from the Clayton organization is in the past, a Clayton Homes marketing team member praised our work for its thought leadership this year, in 2018.  They asked us for permission to use some of our work from MHLivingNews on the Clayton Homes blog.

 

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Based upon the above, you or any objective person can thus see how difficult it must be for MHI’s or the Berkshire brands.  Standing in their shoes, with respect to the various antitrust and other concerns raised, they arguably can’t simply dismiss MHProNews, which they’ve praised too many time.  While other scandalous behavior allegations have been lodged against them by voices outside manufactured housing, inside our industry, our reporting, fact-checks and analysis have been dominating. As the most prominent voice, they have arguably attacked us indirectly rather than directly.

But we are not alone.  These same MHI/Clayton/Berkshire voices have tried to debatably go after the Manufactured Housing Association for Regulatory Reform (MHARR) too.

So, if they had a good explanation for issues raised in the related resources, found below the by-line, why do they avoid doing so?  Why don’t they merely debate or disprove – based-upon the merits – MHARR’s arguments – or our own research, fact-checks and reports at MHProNews?  Why?

It’s a tactic some refer to as Duck, Dodge, Dismiss, Distract, Detract, and/or Defame.

 

 

Award-winning investigative journalist Sharyl Attkisson – on the cover of her best-selling book – calls this tactic “The Smear.”

 

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These evasion tactics are nothing new.  Cain used the same distraction and smear tactics against Able, but he also took it to the degree of murder.

In an honorable trade association, an association/trade organization is supposed to take input from members – and then based upon that input – craft one or more policy direction(s).

But MHI is debatably no ordinary association. A system is in place that essentially rubber stamps, for example, who will be the next MHI Executive Committee chair, vice chair, secretary, and treasurer. It is that ‘elected’ MHI Executive Committee that makes all final decisions that the paid MHI staff are then called upon to carry out.

For years, one or two of those four MHI Executive Committee members worked directly for a Berkshire brand.  Others had strong ties to Clayton, 21st Mortgage Corp, or another Berkshire brand. Nathan Smith and his scandal plagued SSK Communities for example, has such ties to Clayton Homes and 21st Mortgage. Nathan Smith’s SSK Communities has the distinction of having earned an “F rating” from the third-party Better Business Bureau (BBB).

 

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In fact, among the current or past MHI chairman, you have to go back to the tenure of Don Glisson Jr., President of Triad Financial Services, to find one that didn’t or doesn’t have a serious allegation and/or scandal attached to them.  Joe Stegmayer, for example, is under a cloud of an SEC subpoena, and was a former Clayton Homes division president. By contrast, have you heard of any scandals attached to any recent MHARR elected chairmen?

 

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Increasingly people inside and outside of our part of the affordable housing industry are realizing that where there is smoke, there is a likely fire.

When you follow the evidence of Buffett’s money trail, some of his gifts have flowed to the Tides Foundation and onto such as groups as:

Those in turn have been cited or published reports, protested, or objected to the behavior of Clayton Homes, their sister firms in MHVille, and/or protested at an MHI event.

 

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In a video posted above, it is a former Clayton team member who is pointing their finger at Clayton Homes in their own Knoxville metro hometown media.  Ouch.

The feds have been investigating Clayton and others tied to them in manufactured housing for at least two years, and our sources tell us that their investigations are ongoing. Would the Feds waste the time on a company if there were no evidence?

Maxine Waters (CA-D) and 3 other Democrats have charged Clayton with racism, predatory lending, and with being a ‘near monopoly.’

So, with that brief background, the following envelopes comes in the mail, anonymously.  Bear in mind the first envelope below included an  unsigned letter from someone that identified themselves as clearly acting on behalf of MHI.

What’s inside the next set of envelopes are personal, family matters. Have you ever done something personal that may or may not be bad, but would require some explanation, otherwise it might be briefly embarrassing?  Have you or anyone you know ever squabble with family?

These matters involved legal disputes within our publisher’s family, dating back some 23 years ago. Who cares?  Besides, L. A. ‘Tony’ Kovach won, won, and won. As in, Tony Kovach won judgments and was not guilty of any alleged wrongdoing.

The first envelope that follows was sent from a self-identified MHI ally.  The envelope as you can see was hand-written. Big mistake. A letter inside that came with a packet of documents, and was turned over to federal investigators.   As noted, the cover letter was from someone supportive of MHI, and who opposed our MHProNews exposes about them.  Do we want such tactics used against a free press?

 

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Scanned copy of envelope mailed to MHProNews, received on Friday April 9, 2017.  Misusing the U.S. Mail is a federal offense.

 

The Daily Business News on MHProNews reported on the above last year.  Following that 2017 report, there was a pause in such an anonymous letter.  That pause ended during basically the second half of this year (2018). Among those new anonymous letters since that resumption are a new series of letters and their contents, which the 6 shown below (see the dates shown).  Those letters were produced by using a printing device, and we won’t go into much more detail, because federal investigators are on this matter too.

 

2018-12-16_1547TimWilliamsKevinClaytonRichardDickJennisonLeslGoochNathanSmithLATonyKovach#NettlesomeThingsEnvelopesDialyBusinessNewsMHproNews

Misusing the U.S. Mail is a federal offense.

 

The Offer to Claytons, Berkshire Brands, & MHI

There is a big fish to catch, one that lacks transparency, and it debatably isn’t MHProNews or MHLivingNews, as we are not trying to monopolize manufactured housing.

That said, we’ll make a deal – an offer to Kevin Clayton, Tim Williams, Richard ‘Dick’ Jennison, Lesli Gooch, et al should take us up on.

  • Appear on stage with our publisher at the upcoming Louisville Manufactured Housing Show, with third-party media and an array of video cameras to record the entire matter.
  • Our publisher will explain on camera in under 2 minutes the contents of these purported distraction and smear tactics envelopes, after Kevin Clayton and Tim Williams explains to the audience and the video cameras their Smoking Gun letters from 2010, the issues around “the Moat” video, and the undisclosed item related to the GSEs and their new class of homes initiatives.
  • Also, let Richard ‘Dick’ Jennison and Lesli Gooch explain on camera after Kevin Clayton and Tim Williams has spoken questions about the GSEs and the so-called ‘new class of homes’ related concerns. Because, the GSE “Duty to Serve” lending isn’t currently being made available for the least expensive manufactured homes, as the Housing and Economic Recovery Act (HERA 2008) arguably required.  Plus, let that pair from MHI answer questions regarding their multi-year Preserving Access effort. For example, why MHI PAC Chair Nathan Smith’s wife supported an opponent to candidate Rep. Andy Barr – when Barr has faithfully supported the Preserving Access to Manufactured Housing Act.
  • Then, let Jim Clayton explain why he supported the opponent of Rep. Marsha Blackburn for the U.S. Senate, when Blackburn was a loyal MHI supporter for Preserving Access.
  • After those three sets go first, Tony will gladly in under 2 minutes explain the guts of the distraction tactics they are trying to use against him and our trade media.  Then, let them all question and cross-examine each under. Let their be transparency in public and on camera.

 

Are those named up for it?  LifeStyle Factory Homes reserves to right to call as witnesses for such a media/video session those who have said off-the-record precisely how the Claytons, 21st, MHI or others have purportedly attempted to drive others of out of business, or force them into selling for less.  There are also others who have reported to us having under-handed tactics against them too.  After the first round of discussions suggested in the bullets above is complete, let let those who claim to be victims of MHI, Clayton or one of the other Berkshire brands take a microphone and tell their stories on video too.

In short, let’s have a robust, transparent discussion.

HowardWalkerPhotoELSViceChairmanManufacturedHomeCOmmunitiesManufacturedHousingInstituteExecCommitteeMemberQuoteTransparencyMHProNews

Thoughtful words, worth pondering. See the story, linked here.

 

Over the Target

L. A. ‘Tony’ Kovach has cited the axiom, “You aren’t taking flak unless you are over the target.” These anonymous documents from decades ago aimed at Tony, are arguably because Clayton’s ‘image’ efforts, and the latest MHI self-promotion video are distractions and/or fig leaves from the real issues that have kept manufactured housing snoring when it should be roaring.  Clayton has consolidated roughly half of the industry since 2003, using a variety of strategies that Warren Buffett broadly calls “the Moat.”

 

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryDailyBusinessNEwsMHproNEws

Ask yourself, why the GSEs aren’t supporting all HUD Code manufactured homes, which is the most affordable permanent housing available – instead of only supporting only the far more expense Clayton backed ‘new class’ of manufactured homes?

Every one of the tactics described herein or previously has reportedly been attempted or used on others, per those who have told MHProNews.  Some of those relating their personal stories about Clayton, MHI, et al shared them face-to-face. Others have via phone, message, etc.

Perhaps most significantly, if federal investigators are taking such concerns seriously, maybe more in media, public officials, MH industry professionals, and investors should too?  Don’t forget what is said on those third-party and mainstream video, further above. You don’t have to take our word for it, because we’ve laid out the facts, evidence, and the money trail.

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

Why is there a growing affordable housing in crisis?  Call it a rigged system, manipulation, and/or corrupt practices.  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.)

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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: 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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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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It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

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

 

 

Rep Jeb Hensarling Applauds Appointment of Dr. Mark Calabria to Head FHFA

December 12th, 2018 No comments

 

RepHenserlingMarkACalabriaCATONextFHFADirectorManufacturedHousingIndustryDailyBusinessNewsMHProNews

The drama of the changing of the guard at the Federal Housing Finance Agency (FHFA) that oversees the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac has been duly tracked by the Daily Business News on MHProNews.

 

 

One of those barn-burners around allegations of sex and sleaze is found at the link below.

 

Mel Watt – FHFA and MH Connected Hearing Today to Feature Sexual Misconduct Allegations

 

For those who listened to the Manufactured Housing Institute (MHI) call outgoing FHFA director Mel Watt a ‘champion’ for the industry, the 10-year delay of getting meaningful Duty to Serve for manufactured housing should be the latest reminder of why MHI’s word arguably ought to raise an immediate question mark.

The move to bring Dr. Mark Calabria should be closely watched, because it could signal possible changes over the horizon on the GSEs, including – but not limited to – the Duty to Serve (DTS) manufactured homes.

MarkACalabriaCATOInstituteDailyBusinessNewsMHProNews

A press release today from House Financial Services Committee Chairman Jeb Hensarling is below.  A related report, on DTS is found further below.

HouseFinancialServicesCommitteeFHFADailyBusinessNewsMHProNews

 

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today praising the nomination of Dr. Mark Calabria to serve as Director of the Federal Housing Finance Agency (FHFA).

“The American $10 trillion mortgage market is the envy of the world, and to keep us on top we need an FHFA Director who is dedicated to capitalism and economic growth.  Dr. Calabria is that man.  He knows what it takes to re-energize our housing industry and to promote responsible growth that rewards investors and attracts foreign dollars into our economy. At a moment in time when the future of housing finance policy in our country will be permanently shaped by the next FHFA Director, I can think of no better or more responsible person for the role than Dr. Calabria and applaud President Trump for his outstanding pick.”

###

See the related reports for more details on the prior and more recent developments on this issue.  “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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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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Warren Buffett, Charlie Munger, Fannie Mae, Freddie Mac, Berkshire Hathaway Backstory

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

 

 

 

 

 

 

“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

December 12th, 2018 No comments

 LotsofSizzleClaytonHomesLogoSalesPerformancemanufcturedhousinginstituteLogoMHILogoMHProNewsTips

These are #NettlesomeThings. A Clayton retailer sent a long message as part of a confidential news tip, that included the following. The Daily Business News on MHProNews has added our customary bold/brown to reflect a direct quote, but the rest are emphasis and typos are in the sender’s original message. Links were added by MHProNews as well.

 

We as an industry are still WAY below where all rationale says we should be, IF ONLY NORMAL MARKET FORCES WERE AT WORK HERE.  I have long felt that to NOT be the case, as you are also verifying through your investigative reporting. 

LONG before we ever heard of any “moat” per se, but you know that I have consistently said over this last decade that SOME in our industry focus on an entirely different goal every morning:  “What can I do today to make my competition go away?” – per said source.

The RV industry has to be commended in their PR and image-building efforts as an industry,” the message continued, adding “During the worst economic downturn (recession/depression/cluster-F/whatever you want to call it) that you and I have lived through, they were able to actually grow their industry, all the while with 6-figure price tags!  Outstanding work, both on the sales centers AND in the public forum.  We have all seen the ‘Go R-V’ing’ ads.  Did they have to do that?  No, they could have taken the cheap route, but OH MY the results their tactics gave them!  In my mind, that fully vindicates and reaffirms my belief that our industry needs a vibrant, on-going public relations / image program!”

Again, note that the spacing, grammar, and typos, etc. are in the original.  The comments may or may not reflect the views of this publication. The illustrations are added by MHProNews, as is the subheading below, to help clarify the various points that writer made.

 

BlackWhiteRVvsMHShipmentsYTDJune2018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

This is provided by MHProNews, and was not part of the comments from the sender. These graphics are provided to illustrate the various sender(s) point, here and other comments from other sources below.  NOTE the above was YTD June, 2018, but the patterns has largely held.

 WinnebagoRVWholesaleshipmentDataManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Retail Lot Managers

You [MHProNews] and I agree that the sales happen on the lots.  But John or Mary LotManager is usually very busy in meeting conditions for lenders, scheduling deliveries, handling customer complaints about shoddy construction, etc.  They do not have the time, the resources, or the energy at the end of the day to combat the weathermen of this world, code-encroaching state officials, less-than-accurate national reporters who cast our homes in a bad light, etc.  That should be the role of the ‘support team’ if you will, like the state associations on the small scale.  That’s why the RV industry took their future by the reins years ago.”

The sender made reference to MHIdea, which was first conceived of as an alternative to the Manufactured Housing Institute (MHI) for independent retailers.

That person said that a decade ago, “independent retailers numbered over a thousand [locations].  Today, we hear talk of 400 or fewer. Hind sight is always clearer.”  Readers should note that these figures were supplied by the writer, and should be understood as estimates, not to be construed as a precise number.

If you want to use any of this text, do so ‘off the record.’  Just as Frank learned (my best SWAG), RETALIATION does exist in this scenario.  After all, that’s just another way of widening the moat.”

The writer did not say who “Frank” was, but may have been referencing Frank Rolfe, who was once outspoken on MHI’s hypocrisy and failures to defend or promote the industry, but who has since gone silent on MHI controversy related issues.  “Swag” has many possible meanings, and some of them in this context are quiet humorous. The video is an example Rolfe politely blasting MHI at a state association-sponsored event.

 

 

The subject line for the sender’s message read: “Subject: MHI Year in Review.” That’s the name of the video MHI produced which aims to defend their record, and promote themselves. 

The lengthy message sender opened with these words,

 

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There are a growing number of industry voices that believe that BH/CMH and MHI have by various action/inaction has kept manufactured home sales at historically low levels. Evidence? See Related Reports and videos, linked below, which quotes and cites BH, MHI, CMH, 21st Mortgage Corp, and other sources.

ManufacturedHousingInstitutelogoMHILogoMHIVideoStillsMillionsofViewsDailyBusinessNewsMHProNews

 

Well, well, well….

Guess somebody is feeling some heat.  GOOD JOB, TONY!  Keep the burners on full.”

Here “Tony” must mean our publisher, L.A. ‘Tony’ Kovach. Like scores of other messages supporting the spotlight and “heat” cast by reports and analysis here on Buffett, Berkshire, Clayton, MHI, or their key allies and players, like Nathan Smith.

Commenting on the MHI video, “This is a lot of sizzle, but the steak’s still kinda tough.”  That’s what inspired part of the headline and the featured image at the top of this article.

The writing was so colorful, the Daily Business News on MHProNews decided to quote extensively from it, “My first reaction when I saw the opening frames [of the MHI video] was WTF?????  OBVIOUS to me at least that this was made for folks who DON”T know the real details behind the story.  In a depressed industry, with competition slowly being choked out of existence, they come out like we’re back in 1999!  What a joke. 

Especially funny to me was their [MHI] mention of being ‘financially strong’…..I would think so.  Daddy Warren has mucho $$$.”

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

The data from MHI, RV operations, and others broadly underscore the points shared by the message sender.

 

The writer suggested that the non-big three builders should provide a level of support to a new initiative to break free of Buffett led-Berkshire/Clayton/21st, et al, and MHI. 

Do you think the remaining non-Big 3 mfgrs would be open to funding such an initiative now?  If each could do so by ‘hiring’ 2 minimum wage workers to their expense, just sending those $$ to the support team,” the message said.

There was more, but publishing it would tend to reveal the source of the

lengthy message. MHProNews again reminds readers who are trying to stay off the radar of a big brother organization or company to consider avoid using their firm’s email address. At some point, sender’s may find organizations scanning team members email, looking for the sources of various comments.  That said, to date no one who has wanted to remain anonymous has indicated they have been discovered.  If sending from a non-organizational email address, MHProNews requires confirmation on a sources authenticity, etc.

 

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.

 

 

The Clayton Tipster’s Calculus  

The figure suggested by the writer of the comments shared above suggested works out as follows. The equivalent of 2 minimum wage workers to boost industry growth works out to be some $30,160 annually.  That’s not insignificant, and if 25 firms signed onto that it would yield $754,000.  Its a small fraction of what MHI operates on, but as MHARR has proved, it is doable.

For new readers, the Manufactured Housing Association for Regulatory Reform (MHARR) provides lobbying and advocacy for independent producers of HUD Code manufactured homes.  From MHARR’s base in Washington, D.C., as a matter of policy, they stay focused on production and some financing related issues, like the Duty to Serve (DTS) Manufactured Housing.  But MHARR doesn’t do the kind of post-production advocacy that the sender is calling on the industry to do.

Bottom line, $750k – used wisely on targeted issues – could make a difference.  What’s obvious is that MHI, spending far more per MHI budget records, and their own claims shown above, has accomplished effectively nada.

 

What Tim Williams Asked

Our publisher, award-winning industry services provider, and consultant, L.A. ‘Tony’ Kovach was asked by then MHI Chairman Tim Williams what he thought was a reasonable budget for a pro-growth alliance to operate successfully?

Tony replied to Williams’ unexpected query with a figure of $1.6 million dollars annually. That’s still less than half of what MHI records reflect MHI gets in dues and fees. That $1.6M kind of budget – Tony explained to Williams and his Berkshire Hathaway industry member guests – would allow for an attorney, media engagement, local zoning advocacy, and other features included in the mantra PEP. Protect, Educate, and Promote.

In hindsight or looking ahead – cooperating with MHARR and NFIB as needed – such a manufactured housing independents alliance could certainly accomplish more than MHI for the industry’s independents.

Dubbed the MHAlliance was a move promoted in writing and in deed by John Bostick, President and CEO of Sunshine Homes. Sunshine’s former sales manager praised on video the growth achieved by the company using a a combination of localized marketing, videos, and training.

The data reflects that Sunshine’s sales growth far outpaced that of the industry at large, and blew away the growth rate of Clayton.

 

 

But the next insights from another Clayton-connected source was actually to point to data from Legacy Housing’s recent IR presentation, found by clicking the box linked below.

 

What Others Say – Legacy Housing Corp (LEGH) IPO Set for 12.14.2018

 

Here is the graphic we used in a report yesterday, again noting that MHProNews is providing the commentary, etc, with illustrations.

 

2018-12-11_1155TalkMarketsDailyBusinessNewsMHProNewsTopProducersHUDCodeManufacturedHomes

As noted above, this illustration was NOT sent by those providing the respective tips and comments, but is provided by MHProNews to underscore points those sources have made.

 

That source claims that the typical Clayton sales center has about 4 retail sales people per store (+/-). The source noted that about 2/3 of manufactured housing production, per MHI, goes to land-lease communities.

Using MHI’s data from the chart above, that yields about Clayton 29,327 going to retail centers. Note that figure would likely be high, due to FEMA orders, but we’ll follow that tipsters logic for a few moments.

Subtracting out roughly the number of shipments to independents and communities who sell Clayton products, that source said that the typical Clayton sales professional only sells about ‘15 new manufactured homes annualized over the course of a year.’

15 new homes a year?

When the Daily Business News asked why “annualized,” the source claimed that the turn over in Clayton’s retail sales is significant. So a sales person that starts the year often doesn’t finish the year. Thus data per professional ought to be annualized.

While the numbers are rough – and we hereby welcome clarification of the claimed figures from Clayton Homes – it certainly fits the overall data, and thus is plausible. It thereby suggests a number of fascinating points.

Buffett has said that Clayton is “best in class.” In the sense of total production, that is true. But in terms of individual performance, there are arguably individuals, local and regional firms that out-perform the Clayton “averages.”

If so, it’s a vexing commentary on Clayton’s retail performance.

Another source from the Clayton organization recently said to the Daily Business News on MHProNews that the sales leader in his region may hit 30 homes for the year. Through November, per that source, the deliveries and funded deals for the top people in that region were in the upper 20s. Again, Clayton is invited to clarify any errors.

If so, the average sales person isn’t selling nearly enough to make the kind of 6 figure income Clayton reportedly tells their sales recruits is possible selling new homes. Does that add to their turnover?

 

 

Reality Checks and What’s the Motivation?

Another item from a Clayton retail caller was the claim of a high cancellation rate of approved deals that never deliver or close.

These points raise several issues that must be unpacked. But one of them is a recurring theme with Clayton, namely, that when specific items are scrutinized, their performance isn’t as hot as the “sizzle” of their image. 

For example, the much ballyhooed new class of homes – if it is as successful as the cancelled Clayton iHouse and iHouse 2 – the program could be a disappointing outcome for all involved.

A common question Tony likes to ask those who message or call is, what’s your motivation in sharing your point?

Some have said words to the effect that the industry’s professionals and businesses – individually and collectively – can do far better. That is apparent in the lengthy message from the top of this report. Consider the related report, in the box further below.

While MHProNews leadership’s vision is somewhat different than the first writer’s message, that person did make reference to a point from the MHIdea report from a couple of weeks ago. Namely, that if the industry’s members keep doing the same things, they will keep getting the same results.

Whatever the performance of individual sales people, the point about stretched thin sales and general managers is arguably valid. The industry’s owners can address it, but it will take an investment in their operation.

But as one company who is growing their retail base has noted, from $500,000 to $2 million is invested in a new home sales center, inventory, etc. what’s another 30K on that, if it significantly increases the results?

As 2018 winds down, and 2019 approaches, these data points and claims are important ones to ponder. What will you and your team do to improve outcomes in 2019 and beyond? See the related reports, further below. “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.

(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 provide a News Tips and/or Commentary, click the link to the left. Please note if your 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 Boxes Below to Read More...

 

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

 

 

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

December 11th, 2018 No comments

 ClaytonHomes21stVanderbiltManufacuturedHousingInstituteFannieMaeLogoChoppedLiver

 

It should be a given that the upper management of Clayton Homes, and their Arlington, VA based Manufactured Housing Institute (MHI) are in favor of their stated agendas.

 

 

ManufacturedHousingInstituteMHINewClassofHomesDailyBusinessNewsMHProNews

Still from MHI Video, logos added by MHProNews.

 

No sooner than MHI released their self-promotion video, than the industry’s new home shipments data – those nettlesome facts below – indicated that for all of MHI’s claims of millions of readers, their own emailed statement yesterday reflects the opposite results of what they’ve claimed.

Here are the claims, and the evidence, according to MHI.

 ManufacturedHousingInstitutelogoMHILogoMHIVideoStillsMillionsofViewsDailyBusinessNewsMHProNews

 

Here below is a screen capture of MHI/National Community Council (NCC) Vice President Jenny Hodge’s email on the latest data, per MHI.

 ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

What MHI’s own data and claims logically prove is that for all their bluster, new HUD Code manufactured shipments measured by the seasonally adjusted shipment rate (SAAR) – as of the above – are flat for 2018.  Even if the manufactured home industry finishes strong in the final quarter, what actual good has MHI’s promotions done so far?  

But there’s more sobering words from MHI members.

 

“What are We, Chopped Liver?”

An MHI member producer, in a long phone call to MHProNews, argued that the so-called MHI led “new class of homes” makes no sense, because it would have been easier to have simply built state-coded modular homes.

Another MHI producer said that “KEVIN CLAYTON” supported this “new class of homes” plan – which in that professional’s view – harms the interests of the majority of current manufactured housing plants. 

That source said, What are we [meaning the balance and majority of HUD Code manufactured housing production], chopped liver? 

 

The Genesis…

Here’s how a MHI-only member producer explained it in a message to the Daily Business News on MHProNews.

Three years ago I took a group from Fannie Mae through a plant to tour to show what we were building… they were blow away… made you feel they don’t get out much to see what we are building… Surely, good would come from this to obtain better financing on our homes for all [of the manufactured home] industry,” said the message to MHProNews’ tip line.

Fast forward to the roll out of the new class of homes financing…This a slap in the face,” said that production veteran, adding “…what are we chopped liver! Our HUD code is not good enough?

Why [a] 5:12 pitched roof? Many, many factories today will not build that when they have back logs of 3 to 6 months.” He added a laundry list of specs between standard HUD Code production, and the specs that Fannie Mae and Freddie Mac want to see in this Clayton/MHI led “new class of homes,” including, “100% drywall… Why? You cannot see that from the street… let the consumer chose that.”

A number of professionals said that this plan was not only developed by Clayton, it obviously could benefit their new conventional housing subdivisions, which that from has been purchasing in recent years.

Warren Buffett has said that they expect to buy more site building opportunities.

Fannie Mae, Clayton, and MHI – to name but three key organizational players – are attempting to move the industry in a direction that arguably contradicts Kevin Clayton’s own statement from a few years ago.  Some may recall Clayton saying that the industry should not to forget those “that brought you to the dance.”

 

WarrenBuffettKevinClaytonClaytonTinyHouseBerkshireAnnualMeetingDailyBUsinessNewsMHProNews

 

But that new class plan is arguably just what the new GSE connected lending does. It ignores the majority of the industry’s products and consumers in favor of a minority. 

Furthermore, the industry’s HUD Code producers have long been able to build entry-level or residential style products. MHLivingNews articles and videos have made that consumer choice option apparent.

As more than one HUD Code builder proves, you can have residential style homes that are less expensive than these new class of homes will be, and they are proven to attract conventional new home buyers. 

manufacturedhomecollage-entrylevelcapecodmultisectionalsinglesectional-creditmanufacturedhomelivingnewsmhlivingnews

There are markets for each of these styles of homes, and consumers ought to have the ability to chose that home based upon their budget, circumstances, and desires. Builders should be allowed to build whatever the want to as well. That said, what this new class of homes does is bend the system in an artificial way, based upon financing that the GSEs were required to provided under HERA 2008 mandated Duty to Serve to Manufactured Housing. Its an apparent manipulation of the system, and sources say that even if this plan is successful, it will harm many for the benefit of a few. But what if this plan is no more successful than Clayton’s iHouse or iHouse 2.0?  Then, not only time and expense are lost, but the reputation of the industry is harmed too.

For example, award-winning retailer Stan Dye said that half of his sales are to people that previously owned a conventional house.  Isn’t that good enough for Clayton, the GSEs, and MHI?

 

 

Logically, given that

      FHFA,

      the National Association of Realtors,

      HUD’s PD&R

      plus other research shows that the millions of current manufactured homes can and do appreciate,

      where is the logic for creating these new and unproven standards?

 

Consider the Track Record… 

Consider the track record Clayton Homes has in such “innovative” product roll-outs. Our sources at Clayton remind readers that the Clayton’s iHouse and the iHouse 2.0 – which were both rolled out with great fanfare, and got significant media attention – both flopped.

Oops.

 

ihouse Clayton Green-Bridge-Farm-i-House-Chevy-Volt-568x378

Ever wonder whatever happened to the Clayton’s iHouse? Not much, so it was quietly dropped, per sources at Clayton. Will this new class of homes be next?  More to the point, will this Clayton-MHI “new class of homes’ harm the value of the current HUD Code manufactured homes in the process?  Photo Green Bridge Farm, the Clayton iHouse is shown with a Chevy Volt, which is also being cancelled by GM. Oops.

 

Thus far, the GSEs are leaving the vast majority of producers and all other HUD Code manufactured homes essentially out. The indications are that this plan purportedly came from Clayton and is obviously being promoted MHI. Why didn’t they back chattel and other lending for millions of proven HUD code standards homes instead? 

Isn’t backing all HUD Code manufactured homes what the Duty to Serve Manufactured Housing part of the law clearly implied? Where in the Housing and Economic Recovery Act (HERA) of 2008 – which gave us the Duty to Serve (DTS) did it say that the GSEs should compel manufactured housing to create entirely different homes before they get lending?

It’s an outrage, which is why that MHI builder said it is “a slap in face.”

 

 

It Gets Worse

This plan, which MHProNews said last year could be a Trojan Horse, is sadly developing in just that fashion. Because sources say that this plan arguably undermines the acceptance – and thus the value – of millions of existing HUD Code homes.

Who says? A parter and association member in a community operation. He’s not alone.

Beyond complaints about the new class and related GSE lending, one source said that when you factor in the additional costs of building to this new class or homes standards that Clayton-MHI are leading, the consumers who buy them are not going to save money, or get lower payments, even with the GSEs lower interest rate.

Recall that in San Antonio last year, in a room with a few dozen MHI members, Tim Williams of 21st said that the Berkshire Hathaway lender’s wants to make sure that the GSEs don’t take only their top tier credit “traunch.”

Well, it seems that this plan currently avoids taking any loans away from 21st or Vanderbilt. So Tim Williams, former MHI Chairman and still 21st President and CEO, will get his wish.

Put differently, this plan if it fails or succeeds, purportedly harms the bulk of would be and existing consumers. It does so to the benefit one major conglomerate that also does site building. The plan is finding quiet resistance on several fronts from MHI’s own members. 

 InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews

 

But the voices are muted because of the Smoking Gun track record.   You can learn more about that by clicking the linked box, below, for that report.

 

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

These are some of the explosive comments signaled last week, in the prior report that is linked from the box below.

 

Explosive Comments on Duty to Serve Manufactured Housing Lending from Well Placed Sources

 

Clever Moat Building?

This new class of homes is arguably clever as a tool to eliminate over time more of Berkshire’s competition. By causing some industry firms to invest in a product, it will tend to get those producers ‘dug in’ to continue the plan. They may be following a lead whose Clayton iHouse and iHouse 2.0 both failed. 

But in the meantime, how many thousands of consumers who wanted to refinance 21st Mortgage Corp or Vanderbilt Mortgage and Finance loans – Berkshire Hathaway brands – at a lower interest rate will be left out in the cold? Millions of their HUD Code homes don’t qualify for a program that Congress mandated?  How is that possible, or even sufficient to meet the legal mandates?

Rephrased, this is de facto a head shot against the interests of:

     millions of existing manufactured home homeowners,

     aims at any plants and companies that don’t participate in the plan,

     bending Fannie Mae and Freddie Mac to the will of Berkshire Hathaway, and it was accomplished in closed door meetings that the GSEs, and MHI won’t release the minutes to.

The standards arguably fail in the essence of the Duty to Serve, namely, to provide more lower cost financing for millions of renters.

The American Dream, Arguably Among the Most Profitable, But Least Understood Stories in the USA Today

 

Let the Consumer Choose

The Daily Business News on MHProNews last Saturday said that #HousingChoice should be part of the mantra of the industry’s independents. 

#HousingChoice

Housing Choice, Where Modular, Manufactured, Tiny, Conventional Housing Crisis, MHI and MHARR Intersect

 

Consumers need to be educated to accept what millions have already benefited from. What’s good for consumers is also a strong market for investors, lenders, sellers, communities, suppliers, and others.

Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) said months ago that the Duty to Serve was a mandate.

 MHARRMarkWeissIfCongressHadMeanttheDutytoServeToBeOptionItWouldNotHaveCalledItADutyDefintionofDutyIsMandatoryResponsibilityDailyBusinessNewsMHProNews

 

Weiss also argued that this roll out of the GSE program was set to benefit only a few companies.

 

ManufacturedHousingAssocRegulatoryReformMHARRMarkWeissDTSFHFA-GSEsGoingtoLargestBusinessesCorpAffiliatesDailyBusinessNewsMHProNews

Collage by MHProNews.

 

It’s not MHI’s VP Jenny Hodge’s fault if new manufactured home shipments are declining. MHI’s president is said to “turn red” when embarrassed or upset. So, how “red” does Richard ‘Dick’ Jennison glow today, after he’s done reading this analysis? 

How red with anger will resident groups become once they figure out that Berkshire Hathaway and MHI – which they arguably dominate – plus the GSEs have ignored them in favor of more expensive housing?

How mad will community owners be if they map out the trend lines, and realize that this plan shafts them too?

Clayton, MHI, and the GSEs won’t formally respond to such concerns. But MHProNews has had tips from ‘inside’ this program, on the GSEs side of the fence.

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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As one of those sources experienced in financing told MHProNews, the way this program was developed was “completely backwards.” Instead of listening to the industry, and finding ways to meet the needs, the GSEs dictated standards that were set only for this new class of homes. 

The evidence and the comments from an array of sources suggest that this is no accident. It was an arranged plan. It was rigged from the GSE side, and from the producers side. This plan was unveiled in Las Vegas, we are told that many walked out of the presentation in disgust or protest.

Manufactured Housing Institute “Walk Out,” “Cover Up,” and Shock at their Vegas Event

 

It’s as that MHI producer said, a slap in the face of the industry. And MHI now wants members to open up their checkbooks and renew their association membership for a plan their biggest member logically engineered, aimed at harming their own interests.

 

 

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

 

It was on a different topic that Marty Lavin said it, but doesn’t it apply here?  As an MHI Producer said, “This program clearly was not “duty to serve.

Based upon the evidence and the track record, MHProNews advises the industry’s members to explore their options with MHARR, MHIdea and NMHCO. More on this in the links below and the days ahead.We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports: Click the Boxes Below to Read More...

“It’s a Terrible Idea,” Comments from Manufactured Home Community Owners, Senior Management, and Investors

Whistleblower! Ex-Clayton Homes Team Member on TV Denounces Manufactured Housing Giant’s Practices

 

“Pants on Fire” – Latest New Manufactured Housing Shipment Report

#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

 

Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

 

 

 

 

 

 

”Your Time is Up, White People” SA Politician Declares, Stirring Up Unrest Impacts MHVille, USA

December 10th, 2018 No comments

 

YourTimeIsUpWhitePeopleStirringUpUnrestImpactsMHVilleUSA

It’s your own personal rights, property, and wealth that are in the crosshairs. If what is described from news accounts that follow hasn’t yet happened to you, odds are that someone at a meeting you or they attended know about just such an incident on some personal level.

 

 

Meaning, this is an underdiscussed trend already at work in the manufactured housing industry – a.k.a. MHVille.

Today’s report will start out with actual incidents from a distance – across the waters, and further south. That sets the stage for global tendencies. Then, we will walk backward toward the U.S.A. and specific ways that this is troubling trend is already at work in manufactured housing, and/or in a city or town not too far from you. Because what is a maturing problem overseas, is arguably already underway here in the U.S.A. too.

 

“Your Time is Up” – Whites About to Lose Big

SOUTH Africa (SA) has set a date – March 2019 – when a much-criticized land grab called “expropriations” can begin after a politician named Cyril Ramaphosa declared: “Your time is up, white people,” said the UK Daily Star.

In France, riots are spreading. They began with protests over ever-higher gas taxes – so-called “carbon taxes” tied to global warming – the science of which is surprisingly still in dispute. ICYMI or need a refresher later on, see the 5-minute expert video and related report on that issue, and how it impacts MHVille, by clicking on the linked box below.

 

Climate Change, Energy, Riots, and Manufactured Housing in Green Era

 

In oil-rich Venezuela, after a decade of socialism, the infrastructure is decaying.  That oil rich nation is now importing oil. The state grabbed – “nationalized” – their oil industry after socialists came to power about 10 years ago. Americans investors are among those who arguably lost out. But among the real losers are the Venezuelans, who after a decade of socialist control that they voted for, are now so hungry, they’ve reportedly lost an average of 19 pounds. Once one of the most prosperous nations in Latin America, Venezuela‘s economy is now a basket case. The graphic below is part of a larger report found by clicking on the linked box that follows it.

 

VenezuelaEconomicCrisisFoxInflation1MillionPercentPricesDouble26days2.3MillionFledDailyBusinessNEwsMHPronews

To avoid having this happen in America, “We, the People” must understand that socialism, communism, and other faux promises of ‘free stuff’ are all based upon lies. The Chinese said centuries ago, teach a man to fish, and you feed him for a lifetime, but give a man a fish, and you only feed him for a day. Working age People must Produce, that’s life. In order to encourage production, the fruits of a person’s labors must be respected.  The proper goal of government isn’t to redistribute income, rather, it is to protect personal rights, peace, and to protect private property.  Otherwise, government becomes an enemy of the people it is ideally supposed to defend.  Trade groups like MHARR and NFIB arguably understand those lessons.

 

How to Avoid Losing Billions, Huge Loses Reported by WSJ, Other Media

 

In my nation of origin, Iran, the American-backed Shah of Iran was toppled decades ago by promises to the Persian people their that ‘electricity would be free,’ and that the nation’s oil money would be ‘shared with all of the people.’ The empty promises of ‘free stuff‘ and ‘free moneynever happened. ICYMI, you can read more at the link below.

 

“You Made Me, Promises, Promises…” Historic Iranian, American Lessons in Freedom

 

Instead, the Persian people have arguably grown poorer and are now less free.

The current Iranian regime might have toppled during the 2009 ‘green’ movement against the mullahs in 2009, had then President Barack Obama deftly intervened. Mr. Obama and then Secretary of State Hillary Clinton did not do so.  Instead, years later he cut a controversial deal that released about $100 billion to Iran, per the New York Times.  Meaning, to the very government that has kept the Iranians poorer.

What some Iranian expatriates in the U.S. have understandably called ‘fascists’ that rule Iran, are using those billions in funds released by the U.S. and others in a guerrilla war against neighboring nations, which includes the killing of Americans service members.

 

NYTimesRelease$100BillionDollarsToIranDailyBusinessNewsMHproNews

 

What was former President Obama thinking when he gave to the leaders of a nation that lies to its people, and gets large, radicalized crowds to chant “death to America” or “death to Israel” as has been seen in globally seen televised marches?

And here is how it comes closer to MHVille.  Ponder how prominent people involved in MHVille – such as Warren Buffett or Manufactured Housing Institute (MHI) PAC Chair Nathan Smith – are all-in with political leaders like the former 44th president, Secretary Clinton, and typically Democratic candidates that here in America are at times also promising something allegedly ‘free’ at no cost to voters.

 

Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

 

The money trail from billionaires Warren Buffett and George Soros has been previously documented, as it links to groups like the problematic MHAction and better known AntiFa.  Recall, that MHProNews is for free enterprise and limited government, but sees as problematic manipulations of the American system in unjust, thumbs-on-the-scale, or crony-capitalist ways. ICYMI, you can click the linked box below for details, because we follow the facts, money, and evidence.

 

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

 

MHI inexplicably elevated in their purported ‘newsletter’ a policy initiative by Senator Elizabeth Warren (MA-D) that is arguably harmful to the interests of most of manufactured housing professionals. Furthermore, Senator Warren embraced those radical groups, the same ones that disrupted MHI’s own speaking event of HUD Secretary Ben Carson, MD.  What is MHI thinking?  What are Warren Buffett, his Berkshire Hathaway lieutenants that operate in manufactured housing, and leaders like Nathan Smith of SSK Communities thinking?

 

Expose! Why Has Warren Buffett/BH Funded Anti-MHC Activists, MHAction? Why Fund Attacks on ELS, Frank Rolfe, Blackstone Group?

 

Let’s give them their due.  Buffett, the Claytons, and Nathan Smith are intelligent.  So whatever they have in mind – since they continue to support the same leftist groups and policies – is there any doubt that their support to radical groups and radical politicos is intentional?

Award-winning manufactured housing legend Dick Moore, who helped launch the MHIdea independent retailer initiative, has said for the record that he was audited by the Internal Revenue Service (IRS) for political, not tax reasons, during the Obama administration.  Moore alleges that they did so as an attack of his written statements about limited government and free enterprise, among other topics he’s written about.

 

Here in America…AntiFa and MHAction

In the U.S., one of the better known radical groups is called AntiFa. In Manufactured Housing, it’s MHAction that has surpassed – for better or worse – the attention once given to the more mild-by-comparison national resident group, NMHOA.

 

Manufactured Home Resident Group President Cautions Against MHAction, Surprising Background Reveal to Manufactured Housing Action

 

One MHVille pro called MHProNews HQ recently to say that he’s been personally accosted by an MHAction member multiple times.

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That activist MHAction member, per said MH Community owner, poked at the businessman with a walking stick – a cane – reportedly in the presence of several others.  The community owner in question feels caught, because he doesn’t want to say or do something that might cause the narrative to turn against himself.  The community owners doesn’t want him or his community to end up getting sued. So he says he is relatively passive during such incidents.

As noted, MHAction has disrupted the speech of HUD Secretary Ben Carson, MD. MHAction have protested – Blackstone, Equity LifeStyle Properties, and RV Horizons by name and/or in person – among others.

 

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That radical group are holding organizing events. One MHAction event made the news in Illinois, pre-midterm election. Some pooh-pooh these as ‘not drawing very many attendees.’ Well, that may be true, but that misses the point. Such radical movements that toppled once-free Cuba started with only small groups too.  That same is true for each of the nations noted herein.  These radical movements begin small, gather steam, and then historically become quite potent.  One quality that they have is that they don’t stop until they win.

 

SouthFloridaCubaNorthSouthKoreaSatelliteNightSocialismFreeMarketsManufacutredHousingIndustryDailyBusinessNewsMHProNews

Satellite photos of Cuba vs South Florida, on the left, North Korea vs. South Korea on the right. The freer a society, the more productive the people, and the more prosperous the people. Radical socialist movements, by contrast, lead to impoverishing their people.

 

This issue may be racial in South Africa and in some areas too.  But as a woman of Middle Eastern origins, let’s note that can perhaps better be understood not so much in racial terms, but as “have nots” being stirred into action against those who have. But one must ask, who are those who are stirring the pot? And how does this pattern of activity get stopped?

The short answers are that at times, powerful forces are acting behind the scenes of such radical movements.  And as to how they are stopped, one potent answer is education and historic lessons.

First, those who are drawn into these movements are often already unhappy.  The manufactured home community owner noted above said that he sincerely believes that man who has poked at him with the walking stick is mentally unstable. Perhaps so, but either way, he’s been attracted into a group that is making false promises.  Time and again, around the world, those who make promises like those of MHAction have made fail to deliver.

In Russia just over a century ago, the Tsars (or Czars) were toppled from power by Bolsheviks who were socialists that became known as communists. The nation grew poorer as a result.  There are historical references to Western nations – including some with ties to Wall Street – supporting the Russian revolutionaries. Think about that for a few moments — successful Americans and westerner capitalists helping destabilize Russia by supporting socialists, who later turned against the West as cold war communists. Troubling, but true.

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There are numerous examples of this, from a variety of sources.

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Learn more about that prior report by clicking this link here.

In the USA, as the Daily Business News on MHProNews has previously reported, there are more people on the political left calling for “Universal Income” – free money – “free health care” and “free education.”

 

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The Democratic party today is arguably not the same as the party of Democratic President John F. Kennedy.  President Kennedy signed taxes cuts into law, and revenues to the federal government rose.  Former Democrat, turned Republican, President Ronald Reagan (GOP), led tax cuts and revenues to the federal government rose too, as the graphics above demonstrate.

 

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The Trump Tax Cuts has spurred more tax revenue overall. These are facts. The lower rates spur more investment.

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The estimated $22 Trillion dollars spent on the War on Poverty, which turned 50 a while back, exceeds the total national debt of some 21 trillion dollars. The poverty rate was coming down in the U.S. through free enterprise. The perhaps well intentioned, but still misguided, impact of poverty programs has not proven to move the needle of poverty, as the graphic above demonstrates. Or as MHProNews publisher L. A. “Tony” Kovach said in a Masthead over a year ago, ‘whatever you subsidize, you tend to get more of it.’

Currently under former Democrat turned Republican, the 45th President of the United States (POTUS), Donald J. Trump, tax cuts passed last year have already sparked precisely the same trend as occurred during the Democratic President Kennedy and Republican President Reagan. So why is that trend under-reported by much of the mainstream media?

Part of the solution for our industry and our nation is to cut regulations, taxes, and to cut the size and scope of the federal government.  To minimize disruption, that process takes time.

 

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But that process of taking billions of dollars away from deep-pocket groups that buy votes to get what they want from the federal government is underway. It’s President Trump and those aligned with him – not MHI – that got the roll backs of S2155.  Some key powers behind MHI – such as Warren Buffett and Nathan Smith – are openly for more big government, while MHI claims to be working for reduced regulations?  Once the facts are laid out, aren’t some of MHI’s claims blatantly misleading?

 

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That process of subsidized housing and the like has demonstrably cost manufactured housing billions of dollars a year, and has cost our nation trillions of dollars over the years. It also creates an avoidable underclass, which tend to vote Democratic, because they are the ones promising more ‘free stuff.’

 

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Tye explained that public housing – an entitlement – often yields addiction. Ownership vs. renting or living in “projects” leads to integrity, a view he likens to those of Dr. Martin Luther King, Jr.

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The Columbia Point Housing Project had near the end of its first life cycle only some 300 housing units that were habitable. That’s the same number Donald Tye, Jr. used in his example to describe the better way for people, and government. Quality, affordable single family manufactured homes.

The manufactured home industry must realize that however imperfect any politician is – and they are all human, and thus all imperfect – the most pro-manufactured housing industry politico since 2000 is demonstrably POTUS Donald J. Trump.    The video on the report found on the page linked below shows the president, the first lady, Vice President Mike Pence, and other officials in Florida, touring a manufactured home community.  President Trump is mingling with residents, and talking about ‘the good people‘ living in that manufactured home community.

 

“I knew right from the beginning.” When President Trump, First Lady Melania, VP Pence Toured Manufactured Home Community

 

Where was there any similar trip by President Obama to a manufactured home community?

Instead, the Obama administration imposed heavy new regulatory burdens on the manufactured housing side of the affordable housing industry.  Apparently, those burdens are what Warren Buffett, the Claytons, their affiliated lenders, Nathan Smith and others involved at MHI want, because that is what campaign donations indicate they have often politically supported.

Protests of manufactured housing industry firms or leaders like HUD Secretary Carson – like the ones shown in the video below – are de facto being funded by big Democratic donors, like billionaires Warren Buffett and George Soros.

 

 

Do you see why a growing number of people within MHI are questioning their own organization? Why more are at MHI are seeing that trade body as a Berkshire Hathaway-led front group, instead of a lobbying group that is working on behalf of the majority of manufactured housing independents?

 

“It’s a Terrible Idea,” Comments from Manufactured Home Community Owners, Senior Management, and Investors

 

With that backdrop, now flashback to the video interview at Tunica with former president Danny Ghorbani, and current President and CEO Mark Weiss, JD, with the Manufactured Housing Association for Regulatory Reform (MHARR).  Do you see why MHARR’s staff leaders think that the Trump Administration is better for the industry than the prior one was?

 

 

Housing and the Policies of Much of the Left’s Leaders

Keep in mind that these leftist groups are making claims and promises about housing too.  As a community owner told MHProNews, the biggest competition for our industry for decades has been subsidized housing.  Those who promise that are running counter to the interests of the vast majority of manufactured housing professionals.  In as much as it traps people in poverty, it is bad for Americans too.  See what the manufactured housing advocate, the Rev. Donald Tye, Jr. said in his in-depth video interview, linked here.

 

Facts & Analysis – Senator Elizabeth Warren re: Manufactured Housing Institute Memo to MHI Members, 10-3-2018

 

As or more important, those promises from the left run counter to the interests of tens of millions of Americans who want to own, but are stuck in rentals instead.  See that report, by clicking the box linked below.

 

The American Dream, Arguably Among the Most Profitable, But Least Understood Stories in the USA Today

 

These are not matters of mere opinion, to be shrugged off lightly.  The facts, evidence, and money trail are being revealed, step-by-step.

Then look at who is rising on the left in the Democratic Party in America…

 

AlexandriaOcasioCortezDemocraticSocialistWikipediaDailyBusinessNewsMHproNews

Once the issues are better understood, the vast majority of the nation could come together on a range of issues that span racial, political, religious, or other group labels. As some in the GOP have noted, President Trump isn’t a classic Republican. He’s spans the left-right divide in several ways with pragmatic policies that are arguably based upon the American ideals of life, liberty, and property.

 

Openly “Democratic Socialist” candidates are coming into office, like the already well-known Alexandria Ocasio-Cortez (NY-D), or her longtime forerunner, Bernie Sander (VT-I, but caucuses with the Democrats).

 

BernieSandersWikipediaManufacturedHousingIndustryDailyBusinessNewsMHproNews

 

BrancoBerniesandersDrinkThisFreeSocialismHillaryClintonDrinkThisImAWomanSocialismAndCorruptionManufacturedHousingIndustryDailyBusinessNewsMHProNEws

Former DNC Chair Donna Brazile said that the primary was rigged against Senator Sanders. There is evidence to suggest that the powers of the federal government were being used to tilt the election in favor of Secretary Clinton and against then candidate, Donald J. Trump.

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You can see a Nathan Smith, SSK Communities related report, by clicking this link here.

 

We in MHVille can, should, and must learn from what is happening in France, South Africa, and Venezuela.

Propaganda is demonstrably being fed to the masses, and millions are ‘buying into it.’ In MHVille, MHI has arguably weaponized their information to their members. While it would be inaccurate to say that all news is fake, or that all MHI news is propaganda.  But there is more than enough of it that is weaponized or demonstrably inaccurate, so that our industry’s professionals – and the nation – are increasingly looking askance at MHI or mainstream news.

NothingIsChangedUntilItisChallenged-768x318

MHProNews’ parent operation demonstrated to MHI over the course of years options for lending, and ways to improve the industry’s image. For years, even though our parent operation was an MHI member – and showed the way to grow business – MHI leaders ignored those options. Why? Could it be that slow growth allowed more consolidation of businesses, and at a cheaper price? 

For those who may have missed it, please see the related report, linked the in the linked box further below, on News as Business. 

These reports on “News through the lens of manufactured homes, and factory-built housing,” © have been quietly praised by company leaders who say that it is vital to have such articles to help educate those team members at their companies that are being propagandized. “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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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 Boxes Below to Read More...

Understanding the News as Business, and Manufactured Housing

 

Danny Glover, Presidents Barack Obama & Donald Trump, Promises Kept, and Affordable Manufactured Housing

 

Explosive Comments on Duty to Serve Manufactured Housing Lending from Well Placed Sources

 

 

 

 

 

 

“It’s a Terrible Idea,” Comments from Manufactured Home Community Owners, Senior Management, and Investors

December 7th, 2018 No comments


ItsTerribleIdeaCommentsFromManufacturedHomeCommunityOwnersSeniormanagementProducersInvestorsDailyBusinessNewsMHProNews
Skimmer alert: the subject isn’t a video per se.  But we open this Daily Business News on MHProNews with a comment about a new video because it shines a light on broader issues that have drawn comments – also shared below – from a variety of industry personalities.  Many are from the manufactured home community sector.  But other voices from retail and production have weighed in too, as you will see.

 

A company president with interests in communities that has also done retail wrote a long missive that began as follows. “My first reaction when I saw the opening frames [of the Manufactured Housing Institute self-promotional video] was WTF?????  OBVIOUS to me at least that this was made for folks who DON’T know the real details behind the [manufactured housing industry’s current condition] story.  In a depressed industry, with competition slowly being choked out of existence, they [MHI] come out like we’re back in 1999!  What a joke.”

 

Terrible Idea

It’s a terrible idea,” said another large community owner during a 75-minute phone call to MHProNews,to have communities lumped in” with producers, retail, and other industry segments at the Manufactured Housing Institute (MHI). That pro said he hasn’t seen the MHI video, and said he could care less.

Why?

What has MHI done to alleviate any of the concerns” for communities, was the response.  Examples given by the caller included costly installations being mandated by HUD was part of that community owners comment.

He’s far from alone.

The Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac and financing issues have sparked several responses from operations of varied sizes, from coast-to-coast.

MHI pays lip service to communities. Sure, they have their community focused events. But in terms of policies, what has MHI actually done? It’s still a retail and production-oriented organization.”

The dues paid by communities [to MHI] are not that bad,” said one. “But there’s no performance [by MHI] either. I’m waiting to see who will step up and do something that will be helpful for communities.”

MHI provides “a lot of sizzle, but the steak’s still kinda tough. We as an industry are still WAY below where all rationale says we should be, IF ONLY NORMAL MARKET FORCES WERE AT WORK HERE.  I have long felt that to NOT be the case, as you [MHProNews] are also verifying through your investigative reporting.”

Put differently, one of the hot-topics include a growing sense of manufactured home market manipulation and monopolistic practices.  There are many who believe that the industry should be performing far better, but that manipulation of the market has kept the industry at far below it’s capability.

 

 

A Wink and a Nod?

I have no doubt that deals are made [at MHI] with a wink and a nod” that benefits some operations at the expense of others stated a partner in a community operation.

Nathan Smith was a name that drew repeated fire. “What a likable guy, who sadly is working every ——ing day to get politicians elected who harm everything independent business people in our industry stand for and need [in order] to be successful.” Without saying so, it is likely a reaction to the report found by clicking on the hot-linked box below.

 

Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

 

I just want an organization that helps keep Big Brother off my back,” explained one, commenting about MHI. “We have modest working-class [MH] communities. There are no clubhouses. Having to put in high-cost pads only increases the costs to consumers. MHI’s promos only shows photos or video of freshly black topped streets, that have double wides1, garages, and swimming pools. Hey, that’s great for those few that actually do offer that, but that ignores the reality at over 80 percent of the properties in our industry. It’s like they [MHI] are embarrassed by the reality that millions are happy to have a home that they can call their own, even if it is modest, it’s theirs.”

 

1 – sic terminology error in the original.  More properly,
multi-sectional manufactured homes. Note to Industry
newcomers – percentages shared by reader comments
may or may not be precise, but can be understood
as broadly on point.

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One mentioned a comment by Kevin Clayton, on an occasion when he said that the industry should “…dance with those that brought them to the dance.” Meaning, the industry should not forget the entry level product.  “But this Clayton/MHI new class of homes absolutely ignores the ones that brought manufactured homes to the housing industry dance.  Not providing them with Fannie [Mae] and Freddie [Mac] lending is another case of leaders doing the opposite of what they’ve said. Their program does nothing for community owners, and all of our industry’s existing home owners. It’s outrageous.”

It’s why, one said, so many community people walked out last year from the MHI presentation at their Congress and Expo.  ICYMI, you can learn more about that by clicking on the box in the report linked below.

 

Manufactured Housing Institute “Walk Out,” “Cover Up,” and Shock at their Vegas Event

 

 

What’s Next?

There have been questions and comments about the new national manufactured home community organization.

MHProNews has spotlighted the emerging group, and without endorsing it, has noted that at least NMHCO has condemned MHI’s performance failures for communities, which is a hopeful sign that those organizing community owners not only understand the issues, but have plans to address them.

An industry veteran said the need for MHIdea and the new community organization could not be more pressing, saying in part that while most are figuring out how to do more or better business, “SOME in our industry focus on an entirely different goal every morning:  “What can I do today to make my competition go away?“”

One pro said that whatever MHI or Clayton say they want, automatically sparks skepticism.  She gave an example, citing the fact that MHVillage has launched MH Insider, which has praised Kevin Clayton and MHI makes.  That pro now questions not only that publication, but the parent operation too. “If someone is promoting those con artists,” that person alleged, “after the reports we’ve read [on MHProNews], they are either blind, naïve, or part of their con.”

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

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

Whistleblower! Ex-Clayton Homes Team Member on TV Denounces Manufactured Housing Giant’s Practices

 

Are Tech and Emerging Trends Threatening to Undermine MH Communities?

An interesting observation has been about the changes on the horizon in transportation. Out West, where Elon Musk and his Boring Company have been doing tests on the hyperloop, there’s a gnawing concern that in conjunction with other trends, that hyperloop could in time undermine community values in or near metro areas.

Some of us [in the community sector] have thought about or sell properties to big box stores or multifamily housing redevelopers. But as technology like hyperloop develops, it may become ever-more important to be resident satisfaction focused. While today, communities have great stability and lots of exit options, that may not always be the case. If so, that could be [a] good [development] for residents, and the industry, in the long run.

 

ElonMuskHyperloopBoringCompanyManufacturedHousingIndustryDailyBusinessNewsMHproNews

This may have been a reference to one of the reports on MHProNews on that topic, see one example, at this link here.

 

More people work from home than a decade ago,” observed another. “Their [a home owner’s] location doesn’t have to be near downtown, or even in a suburb. Where is there any drive [by MHI] to attract that [home buying] audience?

The fact that MHI used Nathan [Smith] to attack the new communities association in their so-called newsletter is [a] clear reason to believe that they know that there’s unrest among many NCC [National Community Council] members.”

Anyone who has gone to a few Congress and Expos knows that they have very low actual attendance at most of their breakout sessions,” said one. “They have a few keynotes [that get better attendance], but beyond those, most [community professionals] take off and talk business with others or are handling calls and messages.”

 

Regarding MHI/NCC meetings:

> Education could be better and more relevant, as often low attendance at actual sessions underscores.

> Lobbying on behalf of actual needs and concerns of communities is almost none-existent.

> Some argue that MHI is undermining communities, by favoring initiatives that tilt toward clients of what previously was known as Clayton Bank, 21st, Vanderbilt, or other Berkshire Hathaway brands operating in manufactured housing.

Some – as was indicated earlier – used choice, blunt words.

Nathan is a disgrace to our industry,” is one example. “How can he be in a leadership role? I wouldn’t be surprised if he helped that d-mned Richard Cordray in his Ohio campaign for governor [the comment came from several states away, Cordray was prior head to the Obama Administration CFPB]. Nathan’s whole schtick is like a carnival barker, an embarrassment to those of us who try to run an honest business.”

CarnivalBarkerWikipediaDailyBusinessNewsMHProNews
DefinitonShtickWikipediaDailyBusinessNewsMHProNews

 

I wouldn’t mind supporting more than one association, if a new group actually wanted to do something real. Once they [a new organization] proved themselves, dropping out of MHI would be no problem.”

Other who aren’t in MHI – but may or may not be members of state associations – are hopeful too.

I’ve been told that the mixers and events [for MHI] exist for two main reasons. They want independents [retailers, communities] to come which raises money for MHI, but it also gives the portfolio operations a chance to —ing schmooze us into selling [to them]. That video you guys have of Nathan [Smith] laughing while he says he wants all the communities for himself says it all. You guys [MHProNews] need to use that Monopolistic Housing Institute logo more, because that’s like a meme that captures what they [MHI] are all about.”

 

 

 

Anger Over GSEs and Financing

 

While community owners like the rates and terms they get on refinancing a property with one of the GSEs, when the topic turns to lending on actual manufactured homes, they often get angry.

It’s worse than an insult to promote this Clayton [Homes] backed ‘new class of homes,” said one. “It undermines what the HUD Code stands for and has accomplished. MHI has essentially helped the GSEs avoid supporting 95% of what consumers want to buy, in favor of something that is totally unproven.”

A concerned producer and MHI member indicated that the lower rate offered by the GSEs on that new class of homes is cancelled out by the far higher cost of the product. That same producer soberly said that the majority of producers couldn’t build such a home the way they are configured.

Put differently, that professional was explaining why most of the 130 some plants producing homes in the U.S. are being undermined by this Clayton/MHI initiative, that they purportedly got the GSEs to buy into.

Another MHI only member producer stressed that modular homes already qualified for GSE lending. “This [new class of homes] was just unnecessary.”

There are clearly conflicting interests at MHI, and they always tilt toward what Berkshire Hathaway wants.”

The two most heard or read words?

Thank you,” with an example from one who added, “for giving voice to those of us who’ve been abused by a train of lies and broken promises.”

You [MHProNews] are smart to be mixing in those videos and reports that teach the basics of what made America great,” because “what the reality of what is happening to our country could cost everything we hold dear if we don’t change [the trajectory of] the culture.”

 

Articles on related topics are linked further below. NMHCO has promised a new, formal statement on their latest is in the works. MH Idea is also found further below. Quotes may or may not represent the views of MHProNews. That’s this afternoon’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.

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

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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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Giving Thanks for Manufactured Housing Independents, Applauding “MHIdea!”

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“Pants on Fire” – Latest New Manufactured Housing Shipment Report

December 4th, 2018 Comments off

 

PantsonFireNRCC-LatestNewManufacturedHousingShipmentReportDailyBusinessNewsMHProNews

Liar, Liar, Pants on Fire…”

    part of a children’s rhyme to discourage dishonesty.

 

You want to be very careful about lying;

otherwise you are nearly sure to get caught.”

   Mark Twain, advice to youth, per Speakola.

 

Just because something isn’t a lie does not mean that it isn’t deceptive.

A liar knows that he is a liar, but one who speaks mere portions of truth

in order to deceive is a craftsman of destruction.”

   Chris Jami, according to Goodreads.

  

 

Facts and evidence can be nettlesome things.

The latest new HUD Code manufactured home shipment data is in. And the timing couldn’t have been worse for the Manufactured Housing Institute’s (MHI) new video, which brags about how much they are doing to promote the sales of more manufactured homes.

Can you spell ‘embarrassing?’

 

For the second month in a row, the shipments of new HUD Code manufactured homes are down, albeit modestly. But during the same timeframe that Kevin Clayton, CEO of Clayton Homes, and MHI’s SVP Lesli Gooch have taken to mainstream and other industry news media (not us) to claim how manufactured housing is being embraced as a solution to the affordable housing crisis, the shipment levels have dipped two months in a row. 

Ouch. Embarrassing…

According to the latest data from HUD, and the analysis of the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR), shipments declined .5 percent over the same month last year. 

 MHARROct2018ManufacturedHousingIndustryProductionReportDailyBusinessNewsMHProNews601

 

As MHProNews has alone been reporting to the industry’s professionals for months, there have been numerous warning signs on the horizon.

It’s not a disaster. But it is a cause for quiet concern among some of MHI’s larger members, and the independents alike. There are firms like Legacy Housing that in their recent IPO filing are reporting sales growth that bucks the national trend.  For more details on that, click the box below for that distinctive report.

Legacy Housing IPO, Lending Tree, & New HUD Ruling Updates

 

But the national data clearly reflects that overall, sales for the manufactured home industry at large have slipped. State data, as the Daily Business News on MHProNews has reported, reflects the fact that at least two of the top ten manufactured housing states examined have been losing sales, not gaining them.  One of those exclusive MHProNews reports is available by clicking the box, linked below, which has distinctive but related data with analysis.

 

Another Top Manufactured Home State is Sliding on New HUD Code Home Shipments, More New Data

 

One informed source with long ties to Clayton has said that there are troubling rumors coming from production centers tied to their parent company in Knoxville, TN. Time will tell.

And this two month dip arguably belies MHI’s razzle dazzle claims in their new video, just as the Daily Business News on MHProNews has been warning.  See the previously reported screen captures of the latest MHI video, presented as a collage, below.  Using their own data, taking them at their word, doesn’t it prove the latest national shipment report clearly demonstrate the opposite of what they are claiming?

 

ManufacturedHousingInstituteLogoMHILogoScreenCpaturesMHIvideostatisticalclaimsDailyBusinessNewsMHproNews 

 

Let’s make it simple.

   Over 1/3 of the U.S. are renters.  That represents millions upon millions of potential buyers.

   The National Association for Realtors (NAR) said earlier this year that the nation needs 8.3 million more housing units.

   The National Low Income Housing Coalition (NLIHC) says the nation needs for more affordable housing rental units have risen from 5.8 million to 7.2 million units, per Curbed.

   Manufactured homes are the most affordable kind of new permanent housing in the nation, per NAR’s 2018 research.

   Site builders are stalling on sales, due in part to rising costs and interest rates.

   All of the above are historic reasons why manufactured home sales normally should be rising.

   The RV industry went from trailing manufactured home shipments by 3 to 2 two decades ago, to now outselling manufactured homes by a ratio of some 5 to 1.

   If RVs could grow so much, why not MH?

   And yet given all of the bullets above, new HUD Code manufactured home sales are slipping nationally? Two months in a row?

   How can Kevin Calyton, Tim Williams, Richard ‘Dick’ Jennison or the MHI staff show their faces at Louisville with these troubling results?

 

See MHARR’s full report, by clicking the linked box below.

Production Flatline Continues in October 2018

 

See last month’s HUD Code shipment data by clicking the linked box below.

September 2018 Manufactured Home Production Data Shows Slight Flatline

 

See our pro-active step one of our manufactured housing solutions report from last night, by clicking the linked box below.

 

#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

ManufacturedHmeIndustryAchieveGreatPotentialAddressingResolvingCauseCorePerceptionIssuesLATonyKovachQuotePresentationPhoto

When MHProNews spotlighted that MHI had reputedly done nothing on reaching out to the CFPB in 2017, MHI – perhaps in their embarrassment – began to move to get something done. When MHARR pushed MHI long enough on the DOE energy rule, MHI finally pivoted. It seems that MHI acts for the interests they claim to stand for best when the spotlight hits their lack of action otherwise. Will this story cause them to actually do what their video purportedly claims they do?

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make or offer a cogent explanation?

To better understand the purported deceptions by Berkshire brands and the Arlington, VA based national trade group that they dominate, see the related reports, linked further below. 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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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 Boxes Below to Read More…

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Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

December 3rd, 2018 Comments off

 

Nathan+MaryLeeChanceSmithSmithLeadersInAntiTrumpResistanceManufacturedHousingImpactDailyBusinessNewsMHproNewsCNNFacbook

Nathan Smith, caption says in part, “KY Democratic Committeeman Nathan Smith at important CNN DNC debate live tonight.” What have Nathan Smith, Warren Buffett, Kevin Clayton and other ‘connected’ industry professionals actually done for manufactured housing?

If it walks like a duck, and talks like a duck, chances are, it’s a duck.

 

It’s useful, because of the insights revealed.

What’s useful?  The costly Manufactured Housing Institute (MHI) self-defense, self-promotion video is arguably a fine razzle dazzle production. Their video obviously reflects the issues MHI’s leadership and backers are sensitive about.

What MHI’s video attempts is to deflect or distract from topics that:

  • MHARR – the Manufactured Housing Association for Regulatory Reform,
  • the newly-forming national manufactured home community owners association, NMHCO,
  • MHIdea – independent dealers opposing the monopolistic practices of Berkshire Hathaway and Berkshire dominated MHI,
  • and MHProNews among others – including MHI members – have raised for years.

 

The Nathan Smith Connection

Among the Arlington, VA based national trade group’s leaders is former MHI Chairman, Nathan Smith.

SSK Communities partner Nathan Smith and his wife Mary are self-proclaimed leaders of the anti-Trump resistance movement. They do fundraisers for candidates, and personally donate to campaigns. While personal giving matters, fundraising magnifies their widely noted political impact in KY and beyond.

Former Secretary of State, Hillary Clinton, has been to the Smiths home for fundraising.

Here’s what Cincinnati, part of the USA Today news group, had to say.

Northern Kentucky mover-and-shaker Nathan Smith is known for hosting big-name, high-dollar Democratic fundraisers at his Fort Mitchell home. But as part of the Trump resistance, he and his wife, Mary Lee Chance Smith, are doing more now. The Smiths have created “Project Run,” a day-long free training program for Kentucky Democrats interested in running for elected office at any level. Project Run will hold its first training program from 10 a.m. to 4 p.m. on Sept. 23 at Madison Avenue Christian Church, 1530 Madison Avenue, Covington.”

 

HillaryClintonCampaignFundraiserNathanSmithMaryLeeChanceSmithSSKCommunitiesPartnerFormerMHIChairmanMHProNews

 

Among those candidates that Nathan and his wife Mary Lee Chance Smith reportedly supported?

 

NathanMaryLeeChanceSmithSSKCommunitiesFormerMHIChairmanDemocraticCommitteeMemberHillaryClintonDailyBusinessNewsMHProNews

NathanMaryLeeChanceSmithSSKCommunitiesFormerMHIChairmanDemocraticCommitteeMemberHillaryClintonStreetViewGoogleMHProNews

 

Amy McGrath.

 

NathanSmithMaryLeeChanceSmithAmyMcGrathSSKCommunitiesFormerMHIChairmanManufacturedHousingDailyBusinessNewsMHProNews

McGrath was running against Congressman Andy Barr (KY-R).  What’s surprising to innocent eyes is that Representative Barr led-the-charge for MHI in their now quietly shelved Preserving Access to Manufactured Housing Act.

Barr is a Congressman spotlighted in MHI’s video, saying pro-Manufactured Housing things in Congress.

 

AndyBarrKyRMHIVideoScreenShotManufacturedHousingIndustryDailyBusinessNewsMHproNews

Screen capture – still – from new MHI self-defense, self-promotion video.

 

Barr won, despite the back-stab by his purported MHI ‘supporters.’ By contrast, President Donald J. Trump personally campaigned with Barr, prior to the 2018 midterms.

 

Was Manufactured Housing Advocate Congressman Andy Barr Backstabbed?

 

Another prominent politician in the MHI video?

 

NathanSmithFundRaiserSenatorJoeDonnellyD-INChuckSchumerManufacturedHousingSSKCommunitiesMHProNews

JoeDonnellyIN-D-MHIScreenCaptureManufacrturedHousingIndustryDailyBusinessNewsMHproNews

Screen capture from MHI self-defense, self-promotion video.

 

Now defeated Joe Donnelly, Democratic Senator from Indiana. Besides getting support from MHI, former President Barack Hussein Obama campaigned for Donnelly. By contrast, President Trump campaigned for businessman Mike Braun, in a successful effort to unseat Donnelly.

In under 500 words and a few photos are an emerging picture. MHI insiders are using what’s arguably been called the rope-a-dope against the independent members of their own industry.

WarrenBuffettBillClintonHillaryClintonBarackObamaKevinClaytonNathanSmithPhotosDailyBusinessNewsMHproNews600

 

With that backdrop, the Nathan Smith video interview clip reveals their monopolistic aim, as he admits MHI failed all too often.

 

 

Of course MHI has ‘failed.’ MHI leaders supported those opposing Preserving Access, which they claimed was needed.

 

FrankRolfeMHIChairmanNathanSmithSSKCommunitiesHypocrisyQuote-MHProNews

Scandalous? See the related reports, further below for more details. “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.

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

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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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Housing Choice, Where Modular, Manufactured, Tiny, Conventional Housing Crisis, MHI and MHARR Intersect

December 1st, 2018 Comments off

 

ClaytonHomesLogoManufacturedHousingInstituteLogoAssocRegulatoryReformHousingChoiceWhereModularTinyConventionalHousingCrisisSolutionMeets

Photos from Clayton website, and the logos are the properties of their respective organizations, provided here under fair use guidelines for news media. Text graphics and collage by MHProNews.

It is one of the most controversial issues in the manufactured housing industry today.  Through their apparent power at the Manufactured Housing Institute (MHI), Clayton Homes has backed the notion of a “new class of manufactured homes.”

 

It is a thorny issue, as there are various, divided views on the matter.

 

Certainly, every company has the right and ability to act according to its own perceived interests, within the norms of the law and ethical restraints.

  • If a production company so desires, it can build widget shaped homes and call it a new class of manufactured homes.
  • A firm or organization could say that all new homes should have bull-nosed exterior corners or inverted pyramid shaped roofs in order to get special financing from Fannie Mae or Freddie Mac.
  • Or one could use less esoteric notions, and opt instead for making gutters, downspouts, higher-pitched roofs, and garages available options.

But such details have arguably been incorrectly framed from the start.  Shouldn’t buyers of whatever kind of home they want that meets basic safety, energy, and durability standards be given equal choice for housing in the marketplace, and for financing too?

Rephrased, shouldn’t there be a simple mantra ofhousing choice applied?

The Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac have a federal legal mandate since 2008 that they somehow managed to dodge for a decade. Now, instead of offering the lower-cost home-only lending that about 80 percent of manufactured home customers select, instead, they provided a program that is only useful for a new, untested, and special kind of HUD Code home?

  • That special kind of home is what Clayton said they wanted, why?
  • And why is that GSE lending pushing a program that is only for land-home loans, which leaves most land-lease communities and the bulk of the retail sales of manufactured homes out in the cold?
  • How do those forced-fits foster housing choice?

 

Housing Choice Should Become Part of the MH Industry’s Mantra

  • Shouldn’t those who want to buy an already federally regulated HUD Code manufactured home be allowed to choose that or any other kind of safe and durable housing they want and are able to purchase?
  • Shouldn’t all housing shoppers who can demonstrate the decades of proven durability of their housing choice be allowed to have the same kind of financing options that conventional housing buyers have been able to access for decades?
  • Shouldn’t home buyers have the right to buy an entry-level or residential-style HUD Code manufactured homes with parity of financing?
  • Isn’t parity of financing an important part of how potentially millions of more price- and payment-sensitive renters can afford to buy a home of their own?
  • So if the clear logic of all of the above are obvious, why did MHI, Fannie Mae, and Freddie Mac hold closed door meetings – refusing to release the minutes of said closed door meeting discussions – which resulted not in more chattel lending, but rather in loans geared only to this so-called, ‘new class of manufactured homes’ that are backed by Clayton?

 

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

 

Isn’t this new class of homes – and their accompanying Fannie and Freddie lending – just another back-door or oblique way of blocking access to more low-cost lending? Isn’t that effort obviously being led by the Berkshire brands in manufactured housing?  Doesn’t it remind you of the blast-from-the-past, courtesy of 21st Mortgage Corp, that is shown in their letter below?

 

21stMortgageCorpTimWillamsJune112009LetterBerkshireHathawayWarrenBuffettClaytonHomesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Click the image above to download a larger sized version of this 21st Mortgage Corp Letter.

 

Isn’t this new class of homes merely a revised and open version of Smoking Gun 3, where 21st Mortgage cut off lending to thousands of operations that didn’t carry Clayton product?  See the linked report that follows immediately below, plus more related reports further below for added details.

 

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

We Already Have Had State Coded Modular Homes for Decades, So, Why this ‘New Class’ of HUD Code Homes?

Several voices from various parts of the industry have noted that modular housing already – on paper – had access to the same land/home mortgage lending that conventional housing enjoys.

Indeed, FHA, VA, and USDA already give parity of lending to HUD Code manufactured homes, as well as modular housing, so long as a proper installation and other lending guidelines are met.

Many manufactured home producers already built both “HUDs” and state-coded modular homes.

But HUD Code manufactured homes have widely outsold modular home building for decades. MHI’s own periodic data reflects that point.

When the goal for thousands of land-lease manufactured home communities, hundreds of manufactured home retailing independents, and MHARR has long been to get the GSEs to fully support manufactured homes with personal property loans, where was the logic of MHI pushing ‘behind closed doors’ the use of GSE lending only [???] for this new class of homes?

Hold that thought.

Hold that notion closely, because what the stated goal of MHARR and MHI began with on Duty to Serve seemed on the surface to be the same thing.  That was the apparent intersection, on paper, that virtually everyone in MHVille said they wanted more lending from the GSEs.

But what MHI ended up doing was redirecting their energy to get GSE lending only for their so-called ‘new class of homes.’  Even the new MHI self-defense, self-promotion video makes that reality a key point, as the screen capture from their new video below reflects.

 

LeveragingMomentumCreationNewClassofManufacturedHomesManufacturedHousingInstituteMHILogoDailyBusinessNewsMHProNews600

Screen capture with commentary and MHI’s logo are a collage by MHProNews, which faithfully reflects their “We’re Using Our Momentum Leveraging the Creation of a New Class of Manufactured Homes.” First, what momentum? Second, why the need for a new class of homes? Manufactured housing builders have made residential style homes since at least the 1980s. Buyers could always option in or do on-site whatever they wanted and can afford. It’s therefor a head fake, an apparent ruse that seemingly limits GSE lending to only a tiny sliver of the market that could already be served by modular coded factory-built homes, or by existing residential style HUD Code manufactured homes. This new class of homes is a costly waste of time, save for the fact that it diverts lower-cost financing. Who benefits from that fact?  A monopolist, perhaps?

BloombergShipmentNewManufacturedHomesFactoryBuildRebuildDailyBusinessNewsMHProNews

Third-party to the industry Bloomberg’s shipment data of HUD Code homes reflects that there is a modest recovery, but that the manufactured home industry is still about 75 percent below its 1998 high water mark hit during the last 30 years.

If you want to sell more manufactured homes, this new class of homes is utterly illogical on the surface.  Manufactured housing roared during the 1990s compared to today.  Some claim it was only a sugar-high, based only on bogus lending.  But that claim ignores the reality that those home buyers wanted a manufactured home in the first place. In the mid-to-late 1990s and early 2000s, numerous researchers believed that the EXISTING class of HUD Code manufactured homes was the solution to the affordable housing crisis.

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Why did Belsky miss his predicted date? Because it came before Buffett’s entry into MH? See Smoking Gun 3.

So why this need for a new class of homes?  Why not rediscover the proven affordable HUD Code homes, already improved by the Manufactured Housing Improvement Act of 2000?

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

 

If you want to encourage the acceptance of HUD Code manufactured homes, then this Clayton/MHI backed ‘new class of homes’ is demonstrably counterproductive on the surface.

Keep in mind that a researcher for the Fannie Mae Foundation some two decades ago already noted back then that manufactured homes merited better lending, placement, zoning, and other treatment. Such facts alone should make it hard for a GSE today to backtrack on their own foundation’s research.  For that report, see the link below.

 

“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

 

So, this new class of homes makes no sense, unless – unless – there is a hidden or unstated agenda?

  • Is this new class of homes just another monopolistic ploy to expand Berkshire’s Moat in MHVille?
  • And as has been noted previously, isn’t this once more using access to capital or lending to harm the interests of the majority of producers, in favor of one that is also selling site built housing?

 

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

 

The Risk to Existing Manufactured Home Owners

Furthermore, isn’t there an obvious risk that the value of millions of existing manufactured homes will be undermined by this so-called new class of homes?

That isn’t a merely rhetorical question.  Because a senior contact with one of the GSEs admitted to MHProNews that it was a potential hazard.

How would millions of manufactured home owners react to not only not getting GSE chattel lending, but instead, having Clayton-led MHI working in a fashion that undermines the resale values of their homes?  Doesn’t that open the door to a possible class-action lawsuit, against the GSEs, MHI, and Clayton?

An MHI-only member messaged the following to our publisher this week, “You seem to have [a] conceptual IQ that is more important than spelling ability.” That’s nice and clever, but the matter is simply deductive reasoning or logic.

Everything that MHI has done with respect to their so-called new class of homes has been aimed to sideline opposition to it. That isn’t ‘forging consensus,’ is it? Isn’t that silencing opposition or reason-based concerns?

Isn’t what Clayton/Berkshire Hathaway lenders in manufactured housing want is to keep their choke-hold on lower-cost home lending, while promoting their own growing interests in conventional housing, all at the same time?

 

WHERE IS THE LOGIC OF HAVING MANUFACTURED HOMES THAT MAY AS WELL BE MODULARS?

Unless it was to derail GSE lending, and harm independents, all by another slight-of-hand?

All magic tricks are gimmicks, ploys – tricks. The hand is quicker than the eye. Something looks or sounds cool and good, and razzle dazzle presentations are built around it with high-cost consultants who will naturally say what the ones who wrote the check want said. That’s what a state association executive, an MHI member, has told MHProNews.

Some people will always follow a given con, that’s why tricks exist – they work on some people.

This new class of homes is a purported trick, and that is arguably why Richard ‘Dick’ Jennison would not go on with his public presentation at Louisville last January. He apparently feared having to answer questions from the Daily Business News or from members of the audience, who came armed with questions supplied by MHProNews.

 

 

It is also why Fannie Mae arguably cancelled an interview with MHProNews that their media contact had already agreed to do.  What caused that last minute cancellation?  Note that they cancelled only after they knew that among our questions would be some that focused on the genesis of how this new class of homes.

It’s Clayton and MHI, isn’t it?  How else does one explain that BOTH GSEs wanted the same thing?

 

MHARR Exposes GSES’ Failure On Chattel Financing Before Congress

 

What’s Overlooked

The genius of the HUD Code is performance-based standards that superseded other local housing code stipulations. That performance based method keeps housing costs lower for marginal buyers who won’t qualify for $150,000-$225,000 priced housing. Yet the HUD Code achieves that without sacrificing safety or durability.

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All of the above are HUD Code manufactured homes, built years before the Clayton-MHI backed new class of homes. Newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

 

There have long been those who argue the HUD vs MOD matter.  Our publisher said years ago that all of factory-built housing should agree not to undermine each other’s products.  Automakers don’t undermine entry-level cars when selling a Rolls Royce. Besides, more expensive modular homes can have their own headaches, as do site built housing, as a new report yesterday underscored.

 

“No Good Deed” – Brad Pitt, Make It Right Foundation Sued for Defective Modular Housing, NBC News, More Video

 

  • Let modular builders do whatever the law allows.
  • Let HUD Code builders build entry-level or more residential-style homes, in any ethical manner that they wish.
  • Ditto for tiny housing, prefab, conventional builders, and so on down the list of legitimate, safe and durable housing providers.

But the Housing and Economic Recovery Act of 2008 (HERA) which gave the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac the Duty to Serve Manufactured Housing didn’t mandate any changes to the federal HUD Code.  The GSEs should be providing lending on entry level HUD Code homes, including chattel loans, not just on these pricey new semi-modular housing units.

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Collage by MHProNews.

 

This new class of homes is arguably a Trojan Horse, a blind alley, a grifters trick.

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

The logic of this statement can be applied to a variety of cases.

 

And sadly, the money trail and evidence – see links below – point to Clayton, 21st and Vanderbilt engineering this via MHI. That means that better lending would be unavailable to the majority of potential manufactured housing customers, as well as to those in communities or private land that may want to refinance their high cost Berkshire Hathaway loans at a lower rate.

 

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The charade calls for a federal investigation into MHI and the manufactured housing industry’s Berkshire brands, which sources suggest may already be underway.

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MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not publicly make a cogent explanation?

 

Housing Choice should become part of the industry’s mantra. For our part, we will spotlight those issues that obscure the common-sense of making manufactured housing another ‘affordable housing choice‘ that home seekers can make with their heads held high, without having to jump through any special and limiting hoops.

 

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

There’s more to come on this in the days ahead, so stay tuned to the only source in manufactured housing trade media that tackles the tough topics with facts, evidence, money trail, reason, and moxie. See the related reports, further below. “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.

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

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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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Fannie Mae Touts MH Advantage Program, But Manufactured Housing Association Slams Plan as “Illegitimate,” “Bait and Switch”

Warren Buffett, Charlie Munger, Fannie Mae, Freddie Mac, Berkshire Hathaway Backstory

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