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Posts Tagged ‘Manufactured Housing Institute’

Kevin Clayton, Leslie Gooch Sound-off; Left & Right Agree? Manufactured Homeland, MHI, & You

August 14th, 2018 No comments

 

KevinClaytonPhotoLesliGoochPhotoMHInsiderLogoMHProNewsLogoFactChecksDailyBusinessNewsMHProNews600x315To tee-up the Kevin Clayton, Lesli Gooch portions of this article, the Daily Business News on MHProNews will start with noteworthy development in media.  When voices from the political and economic left – and the conservative/libertarian economic and political right – broadly agree on a core issue, that alone should be headline news.

 

From Bill Moyers, or Democracy Now! among progressives, to Breitbart or the Thomas Sowell on the right, there are voices in the media – as well as news analysts – that for years have been raising concerns about the increasing concentration of media ownership.

TheseLargeConglomerateCompaniesDecideOnTheirownandForTheirOwnPurposesTheNewsWeSeeandHearDanRatherQuoteFormerCBSNewsPhotoTwitterDailyBusinessNewsMHProNews

Dan Rather quote from the compelling documentary video, Shadows of Liberty, posted on the linked page below.

Some are calling it an “oligopoly,” while others deem it them as “monopolies” of news and information. But the bottom line is that media has been dramatically consolidated in the last 2 decades.

90PercentOfMediaInHandsof6CorporationsDailyBusinessNewsMHProNews

What that means in practice is that the news you read, view or hear has someone’s agenda behind it.

ThomasSowellQuoteIfPeopleInMediaCannotDecideWhetherTheyAreInNewsReportingbusinessorManufacturingPropagandaMoreImportantForPublicchoseNewssourcesAccordingly

Who says?

“Shadows of Liberty” Movie Introduction, Affordable Housing, and You

Take a look at some of the many possible sample quotes.

DeepaKumarQuoteGiantMediaCorpLikeTimWarnerandNewsCoprDisneySoForthTheyGetToDecidWhatIsNews

Deepa Kumar quote from the thought-provoking video documentary, Shadows of Liberty, posted on the linked page above.

 

#1) Why Should Manufactured Housing Professionals or Investors Care? 

Simple.

A tiny fraction of a single percent of the U.S. population decides what’s news, and what is not.

When manufactured housing is widely misunderstood, one should consider the mantra of Marty Lavin, JD, and “follow the money.”

That ‘follow the money’ wisdom ought to be applied to those who select, cover, ignore and otherwise ‘frame’ the news; including the news that covers and impacts our necessary part of the safe, quality, affordable housing industry.

DannyGloverQuoteItsNotOnlyAMonopolyOfWealthItsAmonopolyofInformationasWellDailyBusinessNewsMHproNEws

Danny Glover quote from the fascinating video documentary, Shadows of Liberty, posted on the linked page above.

Note that for years, the Daily Business News on MHProNews – most notably in our evening market report – has taken information from both sides of the left-right media divide. In other non-market reports, we periodically curate an topic or issue from a mainstream media source.  That’s fact checked or spotlighted because it is useful or insightful for the industry’s professionals, owners, investors, and others.

We’ve also stressed that publishing a quote has never meant that we agree with everything that source or person says.  More recently, we’ve phrased that at times, one must separate the ‘wheat and chaff.

Even some person or source that you may routinely disagree with, can have a terrific insight on an important issue.  The open mind, with probing questions, can benefit from the – who, what, when, where, why and how – approach.

 

Tim Williams 21st Mortgage Corp President and CEO Said It

TimWilliams21stMortgageCEOMHProNews

Tim Williams, photo credit, MHProNews.com

As Tim Williams, President and CEO of 21st Mortgage Corp – and the prior Chairman of the Manufactured Housing Institute (MHI) – keenly phrased it: “I know that Tony [Kovach, publisher of MHProNews] has corrected errors when they are brought to his attention. His publication accepts opinion articles or will share views in interviews that may differ from his own published position. My impression is that Tony isn’t looking for ‘an amen corner,’ rather, he wants a variety of views that get people to think, talk and take action.

The reason that comment of Williams is so timely is because

  • MHI’s SVP Lesli Gooch, Ph.D., and
  • Clayton Homes President and CEO, Kevin Clayton

both recently made oblique responses via MHInsider to concerns raised by voices here on MHProNews.

Clayton and MHI’s Gooch were likewise obliquely replying to voices from across the Potomac River from Gooch’s office in Arlington, VA.

What they did was what one industry observer called “razzle dazzle.”

  • They didn’t directly respond,
  • they didn’t refute a single concern.
  • Rather, it was arguably cheer leading.  Spin. Misdirection.  ‘The future is this way! – with nary a thought as to what the recent past tells us about those who are speaking, and what their past behaviors have allegedly wrought.
ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, or named entities.

 The linked article below reveals how the above outcome occurred since
Warren Buffett’s manufactured housing buy-in began.

FEDs, MHI, Buffett’s Berkshire’s Clayton Homes Moat, Affordable Housing, and Billion$ in Manufactured Home Market Manipulation

 

Weaponizing or Surprising the News?

Agree, disagree – or fold your arms without any position or comment – but don’t suppress free speech.

When government surprises free speech, there are constitutional remedies.

But the issue of free speech, controlling what is or isn’t published, and suppressing speech, become trickier when it comes to when a corporation silences, spins, or unjustly parses information.

BerkshireHathawayMediaGroupNewspapersLogoPerTheirWebsite8-14,2-18DailyBusinessNewsMHProNEwsLogo

Most manufactured home industry professionals don’t realize the scope of the Berkshire Hathaway (BH) Media Group’s direct assets. Beyond these, there are other media ties and interests that they arguably can leverage. Why haven’t they? How does this reality compare with the claims of Kevin Clayton and MH Insider?

This is why those who publish, speak, or act in public have to be held to account.

Fact checks are useful in that regard.  A frank discussion on transparency, in the spirit of the late ELS Vice Chairman, Howard Walker’s words (linked below) would be welcomed by many in the industry, including within MHI’s membership.

HowardWalkerPhotoELSViceChairmanManufacturedHomeCOmmunitiesManufacturedHousingInstituteExecCommitteeMemberQuoteTransparencyMHProNews

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

It would be useful if Kevin, Tim, Lesli, or Dick would agree to discuss or debate publicly their various actions and inactions. Let that discussion be done on video, so all can see it.  There are several upcoming events where that could be done, or it could be handled virtually, with no travel needed.

  • Wouldn’t an open conversation be a step toward increased MHI and Clayton transparency?
  • If there is nothing to hide, then why are they ducking the conversation and relevant topics?
  • Why oblique replies, that duck serious issues, instead of direct replies to fact and evidence-based questions and concerns?

 

MHI’s Gooch ‘Responds…’

 

Control of the Media

In serious MHVille trade publishing, essentially, all but MHProNews have arguably been co-opted to various degrees by the “big boys,” logically in pursuit of controlling the narrative, in pursuit of their own agenda.

That agenda has for some years, included more consolidation, per industry sources, including those in MHI, or formerly with them.

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. Earlier last year, and for years before, MHI routinely replied promptly to all our 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?

We’ve asked before, why didn’t Berkshire Hathaway use their own newspapers for years to reply to flawed reporting about the manufactured home industry?  After we raised that questions a several times, magically, the Omaha World-Herald newspaper that Berkshire owns published an article on manufactured housing.  While it wasn’t perfect, it was a start.  What’s next? Will more industry pressure make them do it more often?  If not, what excuse will they give?

Weaponized, Faked News Harms Manufactured Housing Homeowners, Professionals

Where is the support for the National Association of Realtors ® report by Scholastica ‘Gay’ Cororaton that was overall so positive for manufactured housing?

As of yesterday afternoon, no obvious support online was discernable by a Google search for Clayton, Berkshire, or MHI and the NAR’s positive report about manufactured housing.  Why haven’t they beat the drums publicly on that NAR “Making the Case for Manufactured Homes,” or the more recent report linked here?

Going forward, if Kevin is serious about getting help from “Warren” on the image/education issue, from now on, instead of the low-brow-outcomes from email or other limited visibility shares – why not give professional BH Media Group and their other media communications assets the nod to carry such good news as Cororaton’s report?

Wasn’t what Kevin and Lesli Gooch said in print arguably indirect reply to issues we’ve raised?

There is no reason why MHI, and/or Clayton and other Berkshire brands couldn’t use their media holdings or connections to clear up each and every misconception about manufactured housing. Buffett did respond to direct slams on Clayton by the Seattle Times.  If what Kevin Clayton says is sincere, then why have the BH Media Group not done the same for every misrepresentation about manufactured housing?

 

The Jim Ayotte Insight

JimAyotteFMHAFloridaManufacturedHousingAssociationVocalCriticPamDannerJDHUDProgramAdministatorDailyBusinessNewsMHProNews480

Jim Ayotte, Florida Manufactured Housing Association (FMHA) made the following insight.

No one can respond to something that they are unaware of, but once something becomes clear, then prudent steps can be taken.

KevinClaytonQuoteMHInsiderPhotoManufacturedHomeDailyBuisnessNewsMHProNews

MarkWeissMHARRDutyToServeNewClassofManufacturedHomesFeb2018DailyBusinessNewsMHProNews600

There is no denying the trend lines, documents, and quotes-in-context related to consolidation of the industry, as shown in the linked and related reports herein, and further below.

 

Kevin Clayton Said…

KevinClaytonPhotoMHInsiderLogoClaytonHomesCEOQuoesDailyBusinessNewsMHProNews

The statement about shipment percentages is either mistaken or demonstrably misleading. See the shipment trends, and percentages in the graphic below. 

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.

Neither Clayton, nor Berkshire’s Omaha World-Herald, nor Clayton has explained the following.

Why didn’t MHI’s Lesli Gooch ask HUD for Pam Danner’s replacement? See the Washington Post, or the report linked below.

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

Is MHI still supporting Vic DeRose at HUD for the Office of Manufactured Housing Program administrator position?  Who replaces Pam Danner is obviously important. MHI could easily strive to work for someone good, or someone equally problematic in place.  Why would they allow that to latter to happen?  Why did they allow Pam Danner to remain so long, when they admitted to the Washington Post to making no direct pushback? The reason given by some industry veterans for MHI’s foot-dragging is that heavy regulations harms smaller companies more than bigger ones. Rephrased, it is an oblique way of building the Berkshire Moat.  See those Buffett and Kevin Clayton interview videos, linked here.

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

What about the DOE Energy Rule U-Turn? Why was MHI on the wrong side of that topic, and then after months of outside pressure, have do a 180?

What about concerns over manipulations of the DTS process by the GSEs?  What about the conflict of interest for Fannie Mae being a member of MHI?

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

Why did MHI fail to properly promote other lending options, besides those that seemed to be the most profitable for Berkshire brands? See the report, linked above, and the details that flow from that post.

Since MHI is praising S 2155’s MLO rule change, why didn’t they do that same deal 3 years ago, during the Obama Administration, when the CFPB reportedly made that option possible via consumer groups and non-profits, had MHI agreed to dropped the points-and-fees?  After 3 years, they did just that – drop the chase for more points and fees.

 

Wrong, or Misleading, Time and Again?

How can they be so often wrong?  Or misleading?

Isn’t their effort to control the media narrative within the industry part of that pattern? And isn’t their failure to defend and promote the industry, part of the problem?

If MHI or Clayton are the solution, then why have so many retailers and independent producers gone out of business, or were economically pushed into a sale to one of the big boys?

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

That’s not to say that everything that MHI does is wrong.  Ditto that for Clayton/Berkshire.  But given the history of often false or misleading statements, why should anything new be expected?  Kevin is saying now that they will promote, but in the video linked here, Clayton said they were ready about 7 years ago to do an image/education campaign.  Why did they wait?  Was it to consolidate more?

‘They did it before, is there any reason why they won’t do it again?’

They Did It Before…Sunday Morning Manufactured Home Industry News Headline Recap July Aug 5, 2018

As an independent publication, service provider and consultant that MHI long praised, their behavior-changes starting in 2014 forced us as a business enterprise to look more closely.  Why did they arguably try to undermine our pro-Industry operation – while we were a dues paying, supportive members?

If they did it to us, what’s to keep them from doing it to you and your operation too?  As or more important, haven’t they done it to thousands of businesses already?

AtlanticIbisWorldManufacturedHousingRetailersDealersDailyBusinessNewsMHProNews

If the evidence suggests – and neither Clayton nor MHI will deny or defend to the contrary – that they manipulated the market to the detriment of the industry, why should industry professionals trust or believe them now?

If they did it before, what’s to keep them from doing it again?  And if we and so many others who have raised such concerns were wrong, why aren’t they using their vast media resources to routinely correct the record on manufactured homes?

 

The Bottom Line?

Not only is capital and access to lending power, but so is information.  There are several voices outside of manufactured housing that believe they are behaving in a monopolistic fashion.

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

What about you?

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

That’s “News through the lens of manufactured homes, and factory built housing,” © where “We Provide, You Decide.” © ## © ## (News, analysis and commentary.)

(Third party images, 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.

 

 

 

 

 

Related Reports:

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

Only 3 Options – the Elephant in the Room

What RV Industry’s 2018, Prior Results Reveal for Manufactured Housing

 

“Fixing Our Industry’s Terrible” Public Relations, a Proven Strategy

Loan Zone Manufactured Home Buyers, Sellers – CU Insight on Fannie, Freddie and Duty to Serve Manufactured Housing Industry

Significant Slowdown of New HUD Code Manufactured Home Production Growth in June, Per Latest Data

August 3rd, 2018 No comments

SignificanSlowdownManufacturedHousingIndustryDailyBusinessNewsMHproNews

While manufactured housing production has nudged up marginally in June, the data reveals that it has slowed significantly from earlier this year.

 

The state-by-state breakdown of production is found in the chart below, based upon data collected for the Department of Housing and Urban Development (HUD) by IBTS.

June2018ManufacturedHousingProductionDataDailyBusinessNewsHUDIBTSMHProNews

A more detailed report will be published early next week with additional shipments and production information. Last May’s report for the same data above is linked below.

HUD Code Manufactured Home Production Report, May 2018, State-by-State Total

Is this yet another warning sign that all isn’t quite as rosy as the national association in Arlington – or their cheer leaders – want to project?  Recall the previously raised data-driven warning flag in the Daily Business News report below.

MHVillage Confirms Data, and Michigan Operational Slide Revealed

Given the clear superiority that third-party data proves that manufactured housing has in America over conventional builders, plus the growing affordable housing crisis, what explains this signs of potential problems?

LATonyKovachLinkedInLotsofInvitationsManufacturedHousingIndustryDailyBusinessNewsMHProNews

Besides surging third-party site statistics (readership) on MHProNews, plus hundreds more getting our email headline news, there are other strong indicators of increased reader engagement. Among them are an increase in LinkedIn connection invitations being sent to our publisher, L. A. “Tony’ Kovach. Our thanks to all for kind words, and the other signs of support for our industry leading coverage and analysis.

Several industry voices – which includes Manufactured Housing Institute (MHI) members, and those in state associations too – are telling MHProNews that Arlington, VA based MHI’s failure to routinely address errors in mainstream media reports is part of the problem.

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

While there are reports about staff shakeups there, given their overall growing staff, why can’t they do the common-sense thing that the former MHI Chairman said to MHProNews?

TimWilliamsMediaRelationsManufacturedHousingIndustryDailyBuisnessNewsMHProNews-500x277

This was ‘promised’ by MHI sources prior to Patti Boerger being hired as their PR person. What happened to that promise? If this is so common sense, why isn’t MHI doing it?  MHI’s contact page no longer shows Boerger today. A source there tells MHProNews that she is no longer with MHI. http://www.mhpronews.com/blogs/industryvoices/about-responding-to-pbs-newshours-bad-bargain-report-by-stephen-fee/ 

Or are they still trying to keep production low, so that there is more consolidation?

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

Learn more, click here.

 

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

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

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

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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:

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Loan Zone Manufactured Home Buyers, Sellers – CU Insight on Fannie, Freddie and Duty to Serve Manufactured Housing Industry

 

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

August 2nd, 2018 No comments

 

AveragePriceNewConvSiteBuiltHousesCompareManufacturedHomesFeb2018USCensusBureauDailyBusinessNewsMHProNEwsOne of the most serious issues in America is the affordable housing crisis.

 

It should be noted that affordable housing is a non-partisan issue.

PercentageHOuseholdsSpentMOrethan30PercentOnHousingByTenureHousingUnitManufacturedHomesAffordableHousing

From the Realtor University report available below as a download.

People most commonly live in apartments, other forms of rental housing, and other types of homes.

MedianAverageSalesPriceConventionalHousingUnitedStatesUSCensusBureauDailyBusinessNewsMHProNews

Housing affordability – or the lack of it – is driven by several factors.  Land cost obviously varies by market and location.  Land use is another issue for a separate report.

Those hundreds of millions may be Democrats, Republicans, Independents, or any other political or apolitical view.

The point?

MonthlyHousingCostsByHousingTypeAptHousesManufacturedHomesRVsSingleFamilyRealtorUnivManufacturedHomeIndustryResearch

From the July 2018 update of the Realtor University report available below as a download.

Housing is non-partisan, even though there may be partisan views about it. Politicos or policy advocates routinely have a position on housing issues, perhaps because they recognize that the needs are large and growing.

How great are the needs for affordable homes in the summer of 2018?

They are summed up by Lawrence Yun, Ph.D., Chief Economist at the National Association of Realtors ® as is shown below.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

 

The number of articles and reports to date in 2018 that are favorably reporting on manufactured homes as an important part of the solution for the affordable housing crisis seems to be rising.

 

MobileManufacturedHomeManufacturedHousingIndustryFactsDataResearch

While the thrust of these third-party reports have routinely been positive, an all too common facet has been misinformation on some data or terminology point.

Thus this post will be a data and evidence based effort to provide a rapid reference for third parties looking for more accurate information. Third party sources are as shown.

Feb2018ManufacturedHomeAverageCostUSCensusBureauDailyBusinessNewsManufacturedHousingIndustryDataResearchResultsMHProNews

Land cost varies by market and location. About 1 in 3 Manufactured homes, per NAR data, are being placed in land-lease communities, so about 2 out of 3 are going onto privately owned properties. Why are sales so low, when the data is so favorable?  See the comment from an industry professional, further below, plus the linked related reports at the bottom of this post.

The manufactured home industry bears some responsibility for the confusion.  The following sourced information, often using data from the National Association of Realtors ® (NAR), Census Bureau, HUD, IBTS, Manufactured Housing Association for Regulatory Reform (MHARR), MHU, or other sources as noted.

 

Properly Defining Mobile Homes, and Manufactured Home

The National Association of Realtors Journal of the Center for Real Estate Studies did a fact-based report entitled “The Market for Manufactured Homes” by Scholastica ‘Gay’ D. Cororaton, CBE, Research Economist, National Association of REALTORS®.

CompareMobileHomeTrailersPastManufacturedHomesSaferMoreDurableQuoteScholasticiaGayCororationPhotoSmallPercentageDamagedDuringHUrricanesMHProNews

Cororaton’s research had some revisions in July 2018 – linked as a download, here – as was a related post on Realtor University’s blog entitled “Making the Case for Manufactured Homes.”  Their report on manufactured homes starts on page 48.

AveragePriceExisitngNewMobileHomeManufacturdHomeByYearSince1960GraphicNARManufacturedHomeDataResearchMHProNews

Insightful data, per NAR. From the July 2018 update of the Realtor University report available below as a download.

 

The National Manufactured Housing Construction and Safety Standards

National Manufactured Home Construction and Safety Standards Act as: “A manufactured home means a structure, transportable in one or more sections, which in the traveling mode is 8 body feet or more in width or 40 body feet or more in length or which when erected on-site is 320 or more square feet, and which is built on a permanent chassis and designed to be used as a dwelling with or without a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained in the structure.”

ConvHousingPlusManufacturedHomeByTypePriceSquareFootageNARRealtorUnivsDalyBusinessNewsMHproNews

Red arrow, blue text by MHProNews. Data from the Realtor University report available below as a download.

TheDeliberateMisueofTerminologyCanBeOffensivetoMillionsWhoProudlyOwnAManufacturedhomeOrThousandsinourIndustryMarkWeissMHARRMHproNews575

The Department of Housing and Urban Development are the primary federal regulator, and so the standards are often called the HUD Code for manufactured housing.  One simple way to identify a HUD Code manufactured home is if the home bears a HUD label, see photo below.

RedHUDCodeMetalLabel=ManufacturedHomeNOTMobileHomeNOTTinyHouseNOTrv-CreditsManufactruredHomeLivingNewsDailyBusinessNewsMHProNews

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

The terminology matters because
the terminology determines the
construction standards a home was
built to,” per Steve Duke, JD, LMHA.

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

You must meet people where they are. Terminology must be taught and caught. Make a habit of using the correct terminology.

The HUD Code standards went into effect on June 15, 1976.  So, homes built before that date can properly be called a mobile home.

The Manufactured Housing Institute (MHI) has been notified (again) about information that they’ve published in downloads, advertorials, and on their website that is a mix of accurate and inaccurate information.

They were advised that MHI members and others were included in a BCC addressed to the MHI Executive Committee, plus many on the MHI staff.

The NAR is among other trade associations that have been notified of the ongoing mix of data errors by MHI, which as noted, is a mix of good, bad and meh information coming from the Arlington, VA based trade group.

ManufacturedHomeShipmentsIntoPrivateLandOrManufacturedHomeCommunitiesSince1995TrendGraphicNARMHProNews

From the July 2018 update of the Realtor University report available below as a download.

 

Among the responses to the message to MHI and others?

Well put, Tony [Kovach, MHProNews publisher].   Thanks for the bcc, too.

STILL seems to be a void in the ether when it comes to a nationwide pro-MH body to represent our industry, not just certain players therein. I won’t beat the dead horse about BH/CMH other than to say they are at least 80% at cause for the lack of accurate information going out to the public, and IMHO, it’s for the purpose of their moat.  

Glad to see that there are still folks who can see the benefits a financially healthy & industry hearty organization could bring to us as a whole.  There are SO MANY fronts that need to be addressed that it would require a full-time devotion to them, something that business owners seem to be reluctant to do, for whatever (and valid) reasons…” This was part of a longer message from a well known industry professional.

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.

 

This article may be updated, if MHI makes corrections, and does as NAR thoughtfully did – provide the appropriate credits for the sources of the correction of prior errors.  MHI’s leadership will be advised of this article, but frankly, its unnecessary.

Unnecessary, why?

TimWilliamsMHProNewsMHLivingNewsGoodCommunicationsResourcesILogonLatestNewsBigAssetExplainWhyIndustryVoices-768x339

Part of several messages for publication by Tim Williams to MHProNews.

Because as Tim Williams said – and it is still true – MHI members, leadership, and senior staff are among the routine readers of MHProNews.

Our latest 3rd party metrics reflect that our site traffic has more than doubled since Sept 2017.  Our sincere thanks to our readers, and all of those who make this site’s fact checks and reports possible. NOTE: as of this date, none of the linked reports have been publicly disputed by sources from BH, CMH or MHI.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

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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:

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

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

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

New Home Sales Fall to 8-Month Low in June, Data Signals Trouble – or Opportunity in Disguise for Manufactured Housing?

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

Race, Equal Opportunities, Affordable Housing, CNN’s Lydia DePillis, and the Dinesh D’Szouza Reality Check

 

Manufactured Housing Industry Facts, It’s About More, Per Economic Expert’s Insight

August 1st, 2018 Comments off
AffordableHomeOwnershipManufacturedHousingIndustryDailyBusinessnewsMHProNews550x315

The top right graphic is an example of a useful MHI data point. The “Wheat and Chaff” is the wise way to a approach any information source. Keep the good, reject what’s not.

There appears to be considerable confusion about a variety of facts regarding modern manufactured homes, as well as the manufactured housing industry. Why?  Let’s tee up this topic, before diving into this relevant research, and today’s timely fact check.

 

Accurate Information Matters

When reading mainstream media reports, or research being done by third-parties at non-profits, universities, etc., there are often modest to significant errors found about manufactured homes.

During live presentations, hundreds of industry professionals have been asked by our publisher a variation of this question. ‘Does misinformation about manufactured homes (MH) hurt our MH industry’s sales?

Routinely virtually every hand in the room will go up.

So, by an almost universal acceptance by those motivated enough to attend a seminar, accurate information about MH matters.

The reputation of the MH industry – and to an extent, its integrity – can be influenced by the accuracy of the data about manufactured homes.  Rephrased, inaccurate information logically hurts sales, and harms our industry’s image.

Before diving into the focus of this particular fact-correcting analysis, the Daily Business News will remind readers about this potent fact check about tornadoes.  If the general public realized that the odds of not dying during a tornado in 2017 were over 1 million to one in favor of the MH resident, wouldn’t people feel more confident about buying a manufactured home?  Just think, only 1 out of a million died during a tornado in 2017.

Per room after room of raised hands by industry professionals during live seminars, thousands of industry pros believe more of the public would by a manufactured home, based upon accurate information.

“Even When We Had a Hurricane, It Wasn’t This Bad,” Profitably Decoding Post-Windstorm, Survivor of Possible Tornadoes Statement, Impacting Manufactured Home Community, Manufactured Housing Industry

Nevertheless, to date, only MHProNews and MHLivingNews have routinely promoted that kind of data, which is based upon National Weather Service’s reporting.

CompareMobileHomeTrailersPastManufacturedHomesSaferMoreDurableQuoteScholasticiaGayCororationPhotoSmallPercentageDamagedDuringHUrricanesMHProNews

The good news is that some state associations and the NAR (see above) have started to address this, as the report linked above noted.

So, accurate information matters. It matters to:

  • Investors,
  • Bankers,
  • Public officials,
  • Professionals in or considering the manufactured home industry,
  • Affordable housing advocates,
  • Economists,
  • Media,
  • Policy makers, staffs, politicos,

and the public at large.  Accurate information is presumably why MHI wants members to fly-in once  a year to Washington, D.C.  and hand out information packages to staff and members of the House and Senate in the Congress.

 

Why Is There So Much Misinformation About Manufactured Housing?

What contributes to, or is the origin of, some of those factual questions and concerns from third parties?

Let’s note for accuracy and fairness that no one source is fully responsible, nor is any one professional exempt, from striving to learn and accurately share the facts about the modern manufactured home industry.  We value input from our readers, and when an error is spotted, we want to correct it.

Each person reading this is to some degree, is either part of the solution, or part of the problem. That’s reality.

The Daily Business News will look at what should be a simple issue, which regrettably is being mistakenly proclaimed in error to the public, policy makers, influencers, and the media.

Let’s look at a recent data-dispute, and the facts about manufactured housing’s contribution to the U.S. Gross Domestic Product (GDP).  The GDP of an industry helps others measure its significance.  The larger the GDP, the more important the industry.

The Manufactured Housing Institute (MHI) has said that manufactured housing’s contribution to the United States of America’s (USA) Gross Domestic Product (GDP) is “almost $3 Billion dollars.”

Others, depending on MHI’s data, then repeat that claim.

But is that MHI figure, previously disputed several times by MHProNews, accurate?

We asked the National Association of Realtors (NAR) Scholastica ‘Gay’ Cororaton, Certified Business Economist (CBE), to explain how GDP is calculated.

Does GDP use wholesale or retail sales figures?  Note, ICYMI, the report linked below reflects corrections made about manufactured housing by Cororaton in a NAR report.  She as an economist understands accuracy, and has made corrections as needed herself, and thanked those who helped with those corrections.

Realtor University, Journal for the Center of Real Estate Studies, Makes Corrections– “The Market for Manufactured Homes,” by Scholastica ‘Gay’ Cororaton, CBE

Here was her on-the-record reply was to MHProNews.

GDP is measured at the retail price because the retail price determines what  the FINAL user spends.  Not wholesale price because wholesalers still sell to retailers, who then sell to consumers (as the final users),” said economist Cororaton.

She added that “The final users can be consumers, businesses (for fixed investments and inventory), the government, and foreigners (exports).” What that means in part is the sale of FEMA units to the federal government is part of the GDP.

However, the price of imported goods are excluded (GDP is a measure of domestic production),” NAR’s Cororaton said.

ScholasticaGayDCororatonDBEResearchEconomistNationalAssociationRealtorsWashDCManufacturedHousingIndsutryDailyBusinessNewsMHProNews507

Composite information from LinkedIn.

She then pointed us to additional authoritative evidence, in the form of the Bureau of Economic Analysis (BEA).

The BEA recently provided MHProNews with the latest GDP data, cited by the Trump Administration in saying that the GDP in Q2 was up 4.1 percent. It doesn’t get more official than the BEA, does it? Cororaton emailed a BEA primer on the issue, available as a download, linked here.

MeasuringTheEconoimyBureauofEconomicAnalysisDailyBusinessNewsMHProNews

This is an authoritative reference on calculating GDP, per Certified Business Economist CBE, Scholastica ‘Gay’ Cororaton.. To download the report, click here.

 

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

Many who first explore manufactured housing say or wonder, “this sounds too good to be true.’ Manufactured housing professionals must understand and anticipate that reality. Part of the secret is accurate information, not hyped or error plagued information. For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

 

Why Does this Matter to MHVille? Just the Facts…

For some time, MHI has been publishing information that far undervalues the industry’s contribution to the GDP.

Using MHI’s own information, which has rounded up in some cases, the correct GDP – per the BEA’s and CBE Cororaton’s formulas – would be over $6.5 billion a year, not “almost $3 billion…”

 

GeneralINdustryProfileManufacturedHousingIndstiutteMHIDailyBusinessNewsMHProNews

This is “updated” in June 2018, but still has errors. Note, there are improvements from some prior fact-checks by MHProNews, but still several errors. How are third parties to know what is accurate about the MH Industry?

Not only is that a more accurate total, but isn’t $6.5 billion more than twice as impressive as “almost $3 billion” for the manufactured home industry?

Then why does MHI use an arguably flawed, and inaccurate total for the industry? Remember, MHProNews has published a higher, more accurate estimated GDP previously and brought that figure to MHI’s attention.

Now that an respected economist with NAR is confirming the correct formula, will MHI finally change that erroneous, embarrassing, and industry diminishing, claim? Will MHI check their math, and make the necessary corrections?

 

Only Two Possibilities

1)        MHI can ignore the error, as they have other mistakes and apparent spin or hypes about some of their claims (think S 2155, for a regulatory example). An example is the correct count on communities. Once more, it’s MHI’s own members, past and present, that have said their current manufactured home community count is too low.  Their June 2018 data, reflects a change that is still inaccurate.  Why?

Frank Rolfe, Dave Reynolds, George Allen, Manufactured Home Community Controversy Continues

 

Note that when we published that article linked above, MHI said that the count was “37,524 land lease communities.” In their June 2018 updated graphic, shown above, they now say almost 40,000.”  Why not make a more complete and accurate correction?

As a result of their ongoing unwillingness to correct such data points, not only media and researchers, but corporations have published incorrect information to potential investors.

So, based upon past experience, it is entirely possible that MHI will ignore the facts, and keep claiming a data point that’s debatably embarrassing to the industry. Or:

2) MHI can do what’s right, and make the correction, which is the minimum that they should do. But will MHI do as NAR’s Cororaton did, and credit the sources for the correction?

ScholasticaGayCororatonCBENARRevisionsRealtorUniversityDailyBusinessNewsMHProNews598x493

Accuracy matters, and giving credit to sources matters to third parties. “The time is always right to do the right thing.” – Martin Luther King, Jr.

Adults make mistakes.

But don’t mature adults admit error, make corrections, and then move on? What will MHI do? What will their action or inaction say about the organization? How will MHI’s actions reflect upon the industry?

Two state associations have broken ranks with MHI, over their stated concerns that MHI has failed to represent their interests.  More recently, they’ve launched a new national communities association (see related reports, linked further below).

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

Why would MHI understate, after they’ve been informed previously about the error?  How can they claim it is accidental?  What other reason might make sense?  Could it be that they are trying to understate the industry’s size, to discourage new entries into the industry? Isn’t that similar to what MHI President, Richard ‘Dick’ Jennison did by understating the industry potential for more rapid growth? What CEO of a national association argues for slower growth? It sounds pretty to say ‘sustainable,’ but the industry sustained several times this sales level in the past. Who benefits from slow growth?  What normal non-profit organization rewards a CEO like that, with a bonus, contract extension and more pay?

 

A respected non-MHARR industry voice has challenged retailers to organize and leave MHI, similar to what communities are starting to do. He believes that the majors have “weaponized” certain aspects of national association’s work, using these words:

“…If retailers would bow up and tell the MHI manufacturers they want dues paid to a new association rather than MHI there will be change. I do believe the majors have weaponized regulation that further entrench their companies or widens and deepens their moat. Keep my name off it please but I’ll support the efforts if [there] is enough backbone out there.”

MHI members are encouraged to get MHI to change their incorrect reporting of data, just as they are encouraged to get them to be more transparent on other past errors.  See the Howard Walker related report, linked below.  Is there any excuse for repeatedly making the same mistakes?  “We Provide, You Decide.” © ##(News, analysis, and commentary.)

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Related Reports:

New Manufactured Home Industry National Association Related Statements

Howard Walker, Mensch – Equity LifeStyle Properties (ELS), Manufactured Homes Retrospective

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Mel Watt Charged With Sexual Harassment – Manufactured Housing Industry Repercussions?

July 30th, 2018 Comments off
MelWattChargedWithSexualHarrasmentManufacturedHousingIndsutryRepercussionsDailyBusinessNewsMHproNews

Official photo, Mel Watt, FHFA. Graphic by MHProNews.

The mortgage industry and Washington were rocked Friday by news that Federal Housing Finance Agency Director [FHFA] Mel Watt has been accused by an agency employee of sexual harassment,” wrote Rob Blackwell for AmericanBanker.

 

As many manufactured home industry veterans know, the FHFA was established as the receiver for the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac, after the mortgage/housing financial crisis.  It was part of the Housing and Economic Recovery Act (HERA 2008), signed into law by President George W. Bush.

The Duty to Serve (DTS) manufactured housing and underserved markets also flows from HERA.  Since the FHFA is the regulator of the GSEs, who’s at the top at FHFA matters to the industry’s consumers and professionals.  Numerous non-profits – as well as various associations and industry businesses – have expressed their desire for a robust entry by the GSEs into manufactured home lending.

Much of the focus has been in the arena of chattel (personal property, home only) lending.

Watt was already slated to leave the FHFA in January 2019.  There have already been several names floated for his replacement.  Some, per informed sources, say that while the names are all “familiar faces,” some are “potentially problematic” for the interests of manufactured housing.

If allegations spelled out in Politico prove true, that time line for Watt’s departure could be accelerated.

 

Politico Pounces

Politico obtained transcripts of reported conversations between Watt and an employee, whose name was withheld. In those alleged conversations, Watt appears to be suggesting a relationship with the employee.

Well, you probably want to know what I wanted to talk to you about,” Watt said, according to Politico. I mentioned to you there is an attraction here that I think needs to be explored. In my experience there are four types of attraction: emotional, spiritual, sexual or of friendship. So, the exercise here is to find out which one exists here.”

Watt supposedly noticed a tattoo on the employee’s ankle and asks her, “If I kissed that one would it lead to more?”

The employee’s lawyer, Diane Seltzer Torre, confirmed to American Banker that an Equal Employment Opportunity complaint had been filed against Watt. The FHFA confirmed an investigation is underway,” but Watt’s response is that it was “intended to embarrass or to lead to an unfounded or political conclusion.”

However, I am confident that the investigation currently in progress will confirm that I have not done anything contrary to law,” Watt said. “I will have no further comment while the investigation is in progress.”

Watt’s statement did not specifically confirm or deny claims that he made those suggestive comments to an employee. Rather, he stressed that any actions he took were not illegal.  One question that needs to be asked, who will pay if there is a settlement? Will it be taxpayers, or Watt himself?

Legalities and the truth aside, if Watt made such comments, this may be enough to force him out before his term is up.

As the head of an independent agency, Watt can only be removed “for cause” by President Donald J. Trump.  These allegations could possibly qualify, if the Trump Administration wanted to accelerate his departure for whatever reason.

The president could either allow one of Watt’s deputies to temporarily run the agency if he stepped aside, or appoint an interim head under the Federal Vacancies Reform Act, which allows a Senate-confirmed official to temporarily serve as director,” according to Blackwell.

Mick Mulvaney is a similar case, who has been serving for months as the temporary head of the Consumer Financial Protection Bureau (CFPB).

Whether Watt chooses to leave or is forced out, it is obvious that his days at the agency were winding down.

The transition timeline is likely to be expedited,” said Isaac Boltansky, director of policy research for Compass Point Research & Trading.

 

FHFA, DTS and Manufactured Housing Lending

MHProNews will monitor these developments, as they impact the various efforts to compel the GSEs to do more in the way of supporting manufactured housing chattel and other lending options.

MHARRMarkWeissIfCongressHadMeanttheDutytoServeToBeOptionItWouldNotHaveCalledItADutyDefintionofDutyIsMandatoryResponsibilityDailyBusinessNewsMHProNews

While the Arlington, VA based Manufactured Housing Institute (MHI) has signaled a level of satisfaction with DTS to date, the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR) has made it clear they believe the process has been largely stymied to date from doing what Congress mandated a decade ago.

 

ManufacturedHousingAssocRegulatoryReformMHARRMarkWeissDTSFHFA-GSEsGoingtoLargestBusinessesCorpAffiliatesDailyBusinessNewsMHProNews

Collage by MHProNews.

MHARR, per sources, has launched several initiatives to compel more lending.

Meanwhile, MHI has given lip service to similar efforts, but there has been signs of foot dragging and posturing, perhaps because of the interests of their dominant Berkshire Hathaway members, Clayton Homes, 21st Mortgage and Vanderbilt Mortgage and Finance.

It should be noted that after numerous offers to publicly respond to or debate the evidence-based reports linked below, neither MHI nor a Berkshire Hathaway owned unit has accepted those offers to respond to these published concerns. Why not?  Is it because the documents and quotes provided are often from 21st, Tim Williams, Kevin Clayton, or Warren Buffett himself? Doesn’t that make it hard for them to refute? “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

 

 

 

 

 

Related Reports:

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

 

Manufactured Housing Association for Regulatory Reform (MHARR) Pressing Fannie Mae, Freddie Mac to Fully Engage on Duty To Serve (DTS)

MHI Lender Shakes Up DTS and MLO Rule Discussions

 

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

 

Howard Walker, Mensch – Equity LifeStyle Properties (ELS), Manufactured Homes Retrospective

July 23rd, 2018 Comments off


HowardWalkerPhotoManufacturedHousingIndustryDailyBusinessNewsMHProNews
It’s a Jewish tradition when someone dies to say, “May his or her memory be for blessing.” The actual honorific is “of blessed memory,” a translation of the Hebrew “zikhrono livrakha” (m.) or “zikhronah livrakha” (f.)…I tend to say, “May his or her memory be a blessing.”” – Nina Amir.

 

When a long-time industry friend and colleague of Howard Walker’s heard we planned this article, he asked us to say in this retrospective, “Be sure to say that Howard Walker was a Mensch.”

Howard Walker, JD, served as Equity LifeStyle Properties (ELS) Vice Chairman for many years. Sam Zell and several of their colleagues voted in the spring to keep his chair empty for a year.

That was a mark of honor for a man that hundreds of us in manufactured housing – especially in the land lease community sector – came to know.

 

Mr. Walker was a sharp man, who could be tough, and had a quick wit. You obviously don’t serve an industry giant in such a key role for so long without bringing a lot of experience and wisdom to the table.

Walker was trusted.

Howard served on the Manufactured Housing Institute (MHI) Executive Committee as a board member for several years.

Every time we drive into Tampa – dozens of times annually, as we pass Howard Ave near the airport – it serves as a silent reminder to us of the man.

 

Powerful Lesson from a Private Dinner with Howard Walker

Howard invited me to a private dinner for two in Tampa a few years ago, which yielded hours of conversation about the industry.  We naturally also spoke about the Arlington, VA based MHI trade association.

Let’s note that it’s not my intention to reveal anything said by Howard that was shared in strict confidence. But some principles he espoused which where also shared with others will take center stage in what follows.

Specifically, the focus will be a concept which Howard himself shared with others, that he explained that he and ELS believe in.

It is fair to say that Walker felt that others in manufactured housing should also believe in the following principle. Here’s a specific gems that Walker stressed during that dinner.

Tony, as a publicly traded company, ELS believes in transparency, in getting the facts out there.
If there is bad news, we get it out there. If there is good news, get it out there
.”
– Howard Walker.

He then explained to me the wisdom of this approach.

On a different occasion that year, I was communicating with an ELS administrator, who interfaced with Walker and another one of their top people. I conversationally mentioned to her our plan not to put some bad news out on MHProNews that had just hit the mainstream news.

That ELS executive administrator asked me, ‘Why not get it out there for the industry to read and consider?’

Walker and that ELS executive level administrator were both logically correct. Why hide the truth? Both of those ELS team members shared a similar insight.  They were applying a similar principle – related to the value of addressing what’s in the news, and transparency.

 

Clarifying…

For clarity, it’s not that MHProNews ever ignored all bad news about the industry. From early on, the Daily Business News, the Masthead or one of our other modules periodically reported and specifically analyzed problem issues.

But there is sadly so much skewed reporting or problematic terminology about manufactured housing in the mainstream media, that if we reported on every piece of bad news, that could dominate all that MHProNews would do.  We’d never have time to get to the good news on MHProNews or MHLivingNews.  An example of recent useful – mostly good news – is the report linked below.

Realtor University ® “The Market for Manufactured Homes,” Research by Scholastica Cororaton, Certified Business Economist, Highlights

So, for years, the Daily Business News has strived for balance and accuracy.  Here the industry professional or investor can consider the good, bad or ugly. The news is explored through the lens of informed industry professionals.

As any publisher does, we must curate – carefully select, pick and choose – what topics to cover.  Then, we make the case as to why that curated story is important to the industry, officials, advocates, researchers, and investors.

It’s been a few years since that dinner conversation.  But clearly, Howard Walker’s thoughtful gem on transparency stuck with me.

 

Howard Walker, MHProNews and the Sam Zell Interview

Howard facilitated our interview responses with Equity Lifestyle Properties (ELS) Chairman Sam Zell.  He insured it would be an accurate reflection of what Mr. Zell said and meant. Those two parts of the Zell interview are linked below.  They are classics.

The photo shown below by MHProNews of Zell, coupled with the quote shown, were among the Zell-isms Howard said were verified with the ELS Chairman.

pencil-head-its-not-a-trailer-park-els-chairman-sam-zell-c2013lifestyle-factory-homes-llc-all-rights-reserved-manufactured-ho

To see a two part exclusive interview with Sam Zell, click the links above.

 

Why did Walker facilitate that Zell interview? Isn’t that also an example of transparency, and the desire for accuracy?  Isn’t it also a sign of trust?

It is fair to say that Howard was at times miffed – to put it politely – at some of our coverage about MHI, notably in the roughly last 2 years.

But he also overall praised our industry coverage as “thorough and unbiased reporting,” as a number of emails from him – including the one further below for publication – reflects.

The above tees up the following logical question.

How well, by the Howard Walker/ELS standard – has the Manufactured Housing Institute (MHI) held to the standard of “transparency?”

HowardWalkerJDELSViceChairmanPhotoManufacturedHouisngInstituteMHIExecuitiveCommitteeBoardMemberDailyBUisnessNewsMHProNews

For the bulk of the time since MHProNews has existed, this publication could ask MHI, or any other trade association for comments and insights, and we would promptly get a reply.

As regular Daily Business News readers noted last week, MHProNews can get comments from other national or state trade associations, see examples of 6 in the housing/factory-built housing industry in just a matter of days, spotlighted in the report linked below.

“When I Slow Down, I Go Faster.” – Ken Blanchard, and Manufactured Housing

 

Flash Back

Let’s flashback to the 2017 MHI meeting in San Antonio.  There, this writer asked several MHI member-builders, as well as other MHI members and staff, about what the association’s position should be on Pam Danner at HUD.  Keep in mind that this was several months prior to her removal as head of the Office of Manufactured Housing Programs, which occurred later in 2017.  MHI staff would not answer that question.  Why not?  But numbers of members where happy to discuss the matter.  More on that linked below, in the related resources.

Not long after that San Antonio meeting, MHI sent our firm a letter removing our firm from their membership.  It was roughly that same time frame, that MHI stopped responding to questions from MHProNews.  After years of membership, their written excuse was that it had ‘come to their attention’ that they had ‘no membership category’ for ‘news media.’ Never mind, that our operation does more than news, or that other MHI members publish too.  If you are going to give an excuse, was their’s an example that any excuse will do?

Now consider that in juxtaposition to Howard Walker encouraging MHI leadership in writing to deepen their relationship with MHProNews.

HowardWalkerManufacturedHousingInstituteNathanSmithRichardJennisonPresidentManufacturedHomeIndustryDailyBusinessNewsMHProNews598

What’s happened to transparency at MHI?

How would Walker or others objectively answer that question?

Walker praised this publication and our sister platform, MHLivingNews.com in writing and for publication. He never withdrew that statement, shown in the graphic further above.

HowardWalkerPhotoELSViceChairmanManufacturedHomeCOmmunitiesManufacturedHousingInstituteExecCommitteeMemberQuoteTransparencyMHProNews

Thoughtful words, worth pondering.

Howard said that our brand of reporting was long overdue in manufactured housing.

Howard, let me respectfully suggest that your words – and that stated ELS principle on transparency – are more needed now in MHVille than ever.  The industry is still at historically low levels of performance, as an MHI member-produced graphic below reveals.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

What was accomplished previously in sustainable shipment levels, can clearly be done again.  During an affordable housing crisis, what is missing?  

Fair and necessary questions related to this gem of Walker’s should include:

  • why during an affordable housing crisis is the manufactured home industry at such a relatively low level of new home production and sales?
  • Why did MHI become so aloof from engagement here?
  • Or why does MHI often fail to engage with mainstream media, when doing so could potentially get to the root issues that hold the industry back from more growth?

We’ll look more deeply into this and related in the days ahead.  We may also find occasion to reveal a few more gems from Howard.

HowardWalkerPhotoEquityLifstylePorpertiesELSViceChairmanManufacturedHousingInstituteBoardofDirectorsDailyBusinessNewsMHProNews

The interstate near the airport in Tampa, FL, Howard Ave sign. 

It goes without saying that the keen and colorful Howard Walker, Mensch, is missed.

May his memory be a blessing.  May those words inspire thoughtful reflection. May he rest in peace. ## (Retrospective, industry events, analysis, and commentary.)

(Third party images, and content are provided under fair use guidelines.) Related Reports, are linked below…

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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Publisher and industry consultant, L. A. “Tony” Kovach.

By L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

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

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Related Reports:

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

Only 3 Options – the Elephant in the Room

 

 

“Market for Manufactured Homes,” Scholastica “Gay” Cororaton, for Realtor University, Analysis and the Manufactured Housing Institute (MHI)

July 18th, 2018 Comments off
MarketforManufacturedHomesScolasticaGayCoronatonManufacturedHousingInstituteMHILogoAnalysisDailyBuisnessNewMHProNewsLogo

Collage above is from Realtor University ®, Manufactured Housing Institute (MHI) logo, and designed by MHProNews, with images shown under fair use guidelines.

Compared with the unregulated mobile/trailer homes of the past, the manufactured homes built after 1976 have a higher level of safety, durability, and quality, and the small fraction of homes damaged during hurricanes attests to their safety and durability. New design features and multi-section homes are increasingly giving them the look of traditional site-built homes. These safety standards and improved features should lead to the increasing acceptance of manufactured homes as a safe, durable, and affordable type of housing.”

–   Scholastica D. Cororaton, Certified Business Economist (CBE), National Association of Realtors ® (NAR).

 

Scholastica “Gay” D. Cororaton, CBE, took a statistical dive into the manufactured housing industry in a report published in the National Association of Realtors ® (NAR) related Realtor University ® Journal of the Center for Real Estate Studies publication for May 2018.

ScholasticaGayDCororatonDBEResearchEconomistNationalAssociationRealtorsWashDCManufacturedHousingIndsutryDailyBusinessNewsMHProNews507

Composite information from LinkedIn.

Manufactured housing is an affordable housing option, especially among lower income groups. Households who obtain chattel financing for mobile/manufactured homes and who rent the land will tend to spend less on housing expenses (mortgage, interest, mortgage insurance, taxes, land rent) compared to households who obtain mortgage financing for the mobile/manufactured home and the land, even if chattel financing (interest) costs are higher (because the loan value is higher in the latter). However, if the house-hold already owns the land, then mortgage financing for the manufactured home only is less costly than obtaining chattel financing. However, taking account of both the appreciation in the value of the land and the cost savings, households who lease the land will likely accumulate less wealth compared with households who own the land.”

As the above pull-quotes reflect, The Market for Manufactured Homes,” is a arguably a good reflection on Cororaton, the NAR and in many respects for manufactured housing too.

She told the Daily Business News on MHProNews yesterday that this was her first serious foray into the world of manufactured housing.

Most of her nomenclature was well done, which sadly can’t be routinely said about much of the mainstream media, or other researchers.  Overall, she produced a largely positive, useful document.

That said, there are some errors, which we will explore.

 

The Review Plan

First in reviewing NAR’s “The Market for Manufactured Homes,“ this analysis notes the largely-solid information from Cororaton’s research.  There are potentially some areas that one might discuss the why, behind the what, which will be addressed briefly further below.  But in fairness to Cororaton, that could be viewed by NAR as going beyond a strictly data-driven report.

That said, this review will spend significant digital ink looking at a few data and graphical points that were errant, and how that came to be.

Why?

ManufacturedHousingHomesSingleDoubleMultisectionAveragePricesComparedConventionalHomesSizeCostPersqFt2016NationalAssocRealtorsDailyBusinessNewsMHproNews

From Scholastica D. Cororaton, Certified Business Economist (CBE), research for National Association of Realtors ® (NAR).  Solid, useful data is shown above.

The purpose for correcting-the-record is to support the accuracy about the bulk of her data for manufactured housing, pure and simple. It is not to undermine her largely valuable work.

Accuracy matters, a point which Cororaton gracefully agreed to by email and telephone yesterday.

ManufacturedHomeShipmentsbyState2016NARscholasticaGayCororatonDailyBusinessNewsMHproNews

The bulk of Scholastica “Gay” Cororaton’s research appears to be accurate, and is insightful for serious researchers on affordable, quality, manufactured homes. 

As prominent Manufactured Housing Institute (MHI) member Frank Rolfe told MHProNews last year, the manufactured home (MH) industry is in serious need of accurate information.

Lenders, investors, and reporters are all looking for accurate information, said Rolfe (note: that same point is true for affordable housing advocates, public officials, and obviously home seekers). Rolfe’s comments were part of a conversation separate but related conversation to the report featuring him and others connected with MHI, found at this link here.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

The NAR research could have benefited from some visuals of modern manufactured homes. That said, the thrust of the research is useful.  The above is provided by MHProNews, and wasn’t part of the NAR research. 

 

AveragePriceNewManufacturedHomesOctober2017NationalAssocRealtorsDailyBusinessNewsMHproNews

 

Accuracy, Accountability and The MHI Connection

Before taking a brief look at the important NAR research on manufactured housing, some background is useful.

Two Manufactured Housing Institute (MHI) staff members, plus an MHI paid consultant, were identified by NAR’s Cororaton report as having provided her data, as well as for reviewing early drafts of the information Realtor University ® published.

“…Jenny Hodge, Vice President Research & Market Analysis, Kara Beigay, Senior Director of Government Affairs, and Marc Lifset, Consultant, of the Manufactured Housing Institute for their invaluable comments on the earlier draft and industry insights,” said Cororaton‘s acknowledgment footnote.

All three MHI team members were electronically contacted by MHProNews to check to see if they had noticed any factual errors. MHI’s current and prior chairman were also CC’d.

MediaHouseholdInocome2016ByTypeTenureInThousandsManufacturedHomeConventinalRentingDaillyBusinessNewsMHproNews

The previously responsive MHI – which for years gave timely replies to MHProNews – did not respond to our inquiries on this issue.

By contrast, NAR’s Cororaton was prompt in her reply, and open to an immediate discussion of any concerns about factual errors.

What’s fascinating is that as of this date and time, this largely useful report is entirely absent from a Google search result for “The Market for Manufactured Homes,“ and the Manufactured Housing Institute (MHI).  Nor is it apparently on the MHI research page of their website.

Why not?

2018-07-18_1429MarketForManufacturedHousingDailyBusinessNewsMHPronews598

Further, why has there been no effort by MHI to promote a largely useful third party NAR report?

That absence, and the NAR reported absence of any follow up by MHI to have the glitches corrected, are both revealing.  They beg questions like these:

–   Did MHI review the work they participated in, once it was published by Realtor University®?

–   Since MHI staff and their consultant reportedly reviewed the draft, was there no one among them who found these errors?

–   If MHI reviewed and found the errors noted, why did they not contact Cororaton, and ask her to effect corrections?

–   Since the bulk of Cororaton‘s NAR research is useful, why hasn’t MHI put out press releases, or other media outreaches, to promote this information? Especially since it could arguably win over converts to manufactured housing? See the dearth of references from Google on this topic, in the screen capture, above.

–   Perhaps as important, why hasn’t MHI done a similar level of scholarly research, or commission truly useful third-party research?

For an association – MHI – that claims to represent ‘all aspects of factory-built housing,’ how is it that they routinely fail to properly protect and promote the industry?

LowerMonthlyCostManufacturedHomesConventinoalHouseRentalHousing2016narRealtorUDaiyBusinessNewsMHproNews

The bulk of Scholastica “Gay” Cororaton’s research appears to be accurate, and is insightful for serious researchers.

After some years of internal and external pressure on MHI, in fairness, they have produced a few articles, controversial advertorials, and arguably meh videos.  But these have gone largely unused, seem to be ineffective – based upon shipment data – and often contradict known facts – or even other MHI ‘data,’ as MHProNews has previously documented.

That debatable point brings serious minds back to the point Rolfe raised.  Namely, that the HUD Code manufactured home industry needs dependable information.

LowerMonthlyPercentCostManufacturedHomesConventinoalHouseRentalHousing2016narRealtorUDaiyBusinessNewsMHproNews

The bulk of Rscholastica “Gay” Cororaton’s research appears to be accurate, and is insightful for serious researchers.

 

Cororaton and the NAR Research

The impression from the NAR economist was that she understood the concerns MHProNews raised, and that they would be addressed.

Rephrased, Cororaton was professional, and appeared to be sincerely interested in better understanding the reality of manufactured housing (MH).  She said she wants to get the facts about the MH industry’s stated accurately.

The impression from Cororaton was that no one from MHI had contacted her with any factual concerns.

As noted, her report clearly says she valued the 3 MHI team member’s input, and she holds only herself responsible for any factual errors. Classy, and that’s the mature, educated, and professional posture.

  • That said, why doesn’t MHI have a similar attitude about accountability and accuracy? 
  • Why have they for some two years, failed to take ownership of demonstrable failures and fact errors, and make their own corrections? 
  • Why have they failed to engage with this pro-industry trade media?

It’s the failures of MHI, which reportedly led 2 state associations to leave their membership, and more recently, to start their own national association.

OddsofLivingInMobileManufacturedHOmesByRegionNARDataScholasticaCororatonDailyBusinessNewsMHproNews

 

The Specific Concerns

The first error in the NAR report is relatively minor, which Cororaton quickly acknowledged.

The date that the manufactured housing industry’s standards went into effect is June 15, 1976. Mark Weiss, JD, President and CEO of the Manufactured Housing Institute (MHI) confirmed that date for the NAR economist, and cited relevant part of the law.

Quoting Weiss’ message to Cororaton:

MarkWeissMHARRPresidentManufacturedHousingIndustryDailyBusinessNewsMHProNewsScholastica:

Regarding the below, thank you for your interest in manufactured housing, although I must concur with trade publisher Tony Kovach’s initial point.  Specifically, per 24 CFR 3282.1(a), the effective date of the federal (HUD) manufactured housing standards was June 15, 1976, not June 16, as stated in your article…”

Cororaton was but a day off on the start-date for manufactured housing. Not a huge issue, but facts are facts.  Accuracy on details arguably undergirds the rest of a document’s research. She was matter of fact, concurred, and thankful for the correction.

Another issue in her report – and a more serious one – was the graphic and related data below.

MarketforManufacturedHomesScolasticaGayCoronatonManufacturedHousingIndsutryDailyBuisnessNewMHPronews

It is the first map in the NAR report, and thus, significant in that it can set the tone for the accuracy of the rest of her research. The first clue was Hawaii, which caused a deeper look at the rest of their data.

The Realtor University ® data indicated that several states have a larger percentage of manufactured homes than they actually do.

2014ManufacturedHousingIndustryWhitePaperDailyBusinessNewsManufacturedHousingIndsstryResearchDataReportsMHProNews

That stands in contrast to the CFPB’s white paper, which is a document that was a resource for the NAR report. MHI’s consultant, Marc Lifeset, certainly is familiar with that CFPB white paper, because he’s previously told MHProNews as much.  No doubt others at MHI know the CFPB white paper too.

This percentage of homes error by state error is a more serious oversight, as public officials and others from or familiar with those states are likely to notice those factual glitches.

Why didn’t MHI notice these apparent factual errors?

 

Vital – 5 out of 5 Stars in Importance – Related Discussion for Manufactured Housing

Among the most important items discussed with Cororaton during a 90 minute call was the following. It relates to the discussion of the factors that cause appreciation and depreciation of any housing, including manufactured homes.

This NAR economist and this writer walked through what are the factors that cause appreciation and depreciation in all housing, including conventional homes or manufactured homes. We agreed upon the following (not in a specific order of improtance):

–   Location,

–   Condition of the home,

–   Local economy (jobs, opportunities),

–   Supply and Demand, and

–   Availability of financing.

Because financing is an ongoing issue for manufactured housing, the support for resale values – especially for resales in land-lease – are not as robust as they are for homes on privately owned land.

Cororaton agreed that the contraction of financing options caused conventional housing values to crash in the 2008-2009 mortgage/housing crisis. As lending began to return, conventional housing resale values rose.

When that same principle is applied to manufactured housing, one of the key reasons why manufactured homes don’t always appreciate the same as conventional housing comes into greater focus.

Conventional housing can be purchased and financed long term far more readily than manufactured homes. That’s true, even for conventional housing on a land-lease, in states like Maryland, Hawaii, and in parts of the Chicago metro, among others. Long-term mortgage financing has been done on land-lease too, for manufactured homes.  But its not something that MHI has actively pursued for years, per several sources.  Why?

In practice, it’s been well over a decades since an MHI task force dove into mortgages on land-lease.  The tests, per sources, were successful.  So why was there no robust follow up?

It is an advantage for manufactured housing to have both chattel (home only, personal property) lending options, and to also have mortgage options that operate at parity with conventional housing.

This is a crucial topic to home buyers and sellers, yet it goes largely unmentioned in MHVille trade media, save here on MHProNews.  It’s the kind of topic that a truly growth-oriented, post-production association should be promoting.

So why isn’t MHI pursuing it?

Could it be because MHI’s top two lenders – 21st Mortgage and Vanderbilt Mortgage and Finance (VMF) – are both Berkshire Hathaway owned?  And wouldn‘t more real estate type financing potentially impact a profit-center that Warren Buffett has often bragged about in his annual letter to shareholders, and touted elsewhere too?  See related linked reports, at the end of this post for more details.

MonthlyPaymentEquityGainManufacturedHomesComparedNewSingleFamilySigeBuiltHomesNARScholasticaCororatonDailyBusinessNewsMHproNews

The discussion of appreciation and related with manufactured homes must be seen through the prism of more access to FHA, VA, USDA (Rural Housing), GSE and other lending. See discussion, above.  An important takeaway is that manufactured homes can and do appreciate, as other research has also demonstrated.

 

Part One – the Bottom Lines

Gay Cororaton did an overall fine, professional report that was data focused.  She explained that the point discussed above about financing access and resale values was not part of the scope of her initial data-based report. That’s understandable.

Cororaton indicated that she would see what could be done to correct the fact errors, and that she plans to revisit manufactured housing in her blog posts.

The National Association or Realtors ® (NAR) dwarfs MHI, and the entire manufactured housing industry in size and scope. That said, there is much that the MH Industry could learn from NAR.

As thousands of daily, long-time, detail-oriented industry readers of MHProNews know, this publication routinely cites NAR for their valuable research.

We specifically cite Dr. Lawrence Yun, PhD, Chief Economist and Senior Vice President. He’s arguably an accuracy and analysis rock star.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

The hope should be that NAR’s and Cororaton’s anticipated revised work on manufactured housing provide fuel for more evidence-based interest, investments, and embracing of the manufactured housing solution to the affordable housing crisis. Manufactured homes are a solution that’s been hiding in plain sight, a mantra started on MHLivingNews, and since picked up by others in and out of the MH industry.

Further, perhaps the NAR research will inspire in Arlington, VA a desire for greater accuracy, accountability, and willingness to correct errors.

As almost every industry veteran can confirm, when someone ‘stumbles upon’ the truth of manufactured housing – vs. the myths and misconceptions – professionals and the home buying public alike are impressed with the value found in modern HUD Code manufactured homes.

The path to growing the industry to a potential of some 500,000 to 1,000,000 (+/-) or more new HUD Code manufactured homes a year must include fact-reason-and-evidence based education.

MHI, and all others, are either part of the problem, or part of the solution. On that point, Rolfe is right. Accurate facts, defense, and proper engagement of the industry with the mainstream media and researchers very much matters.

Cororaton’s full report by NAR is found linked here, beginning on page 48 to page 78.  “We Provide, You Decide.” © (News, analysis, and commentary.)

(Third-party images are and content are provided under fair use guidelines.)

Related References:

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

 

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

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Updated, added related resource:

John Wake, FSBOs, Forbes, Real Estate Decoded, Mobile Homes or Manufactured Housing Resales

 

Investors, Heartbroken Home Owners, Site Building Giant DR Horton, and Manufactured Housing

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach.

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:
http://www.linkedin.com/in/latonykovach

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

MHVillage Confirms Data, and Michigan Operational Slide Revealed

June 22nd, 2018 Comments off

MHVillageLogoConfirmsDataMichiganManufacturedHousingAssocLogoShipmentSalesSlideRevealedDailyBusinessNewsMHProHNews550

In a message forwarded to the Daily Business News, MHVillage (MHV) confirmed troubling data that has been presented in person to dozens of gathered industry professionals.

DarrenKroloweskiMHVillageCoPresidentManufacturedHousingIndustryDailyBusinessNEwsMHPronewsThe factoids were shared by MHVillage’s Co-President, Darren Krolewski, using a positive-spin narrative.

Based in Grand Rapids, Michigan, MHVillage Inc. is the nation’s premier online marketplace for buying and selling manufactured homes with more than 25 million unique visitors annually. Last year, more than 80,000 homes were sold on MHVillage with a combined transaction value exceeding $3 billion,” said their promotion of a George Allen event.

Accepting their data claims at face value, the numbers on the surface appear impressive, which is their obvious intent.  They’re claiming they are the “premier marketplace.”

But when the MHVillage data is viewed more closely, what they reveal ought to be troubling to marketers and sellers of HUD Code manufactured housing.

The ratio of sales of homes on their site is a tiny fraction of a single percent.

Specifically, using MHV published 2017 data,

  • it is only about 1/3 of 1 percent of all visitors to their site ends up buying a manufactured home, so,
  • the average sales price of the home listed and sold there would be $37,500.
  • Considering the U.S. Census Bureau said that the average sales price of a new manufactured home was $72,900 in Dec 2017,
  • meaning the average HUD Code manufactured housing unit sold there would be 51.44% – roughly half the value – of the average new manufactured home shipped in December 2017.

2018-06-22_0521ConversionRatiosPerMHVillageLogoManufacturedHousingIndustryDailyBusinessNewsMHProNews600

 

More Woes? Michigan Data Reveals Shipment Slide

According to the April 2018 shipment data supplied by a Manufactured Housing Institute (MHI) source, Michigan – one of the top 10 states per Manufactured Housing Association for Regulatory Reform (MHARR) data – is sliding.

2018-06-22_0704MichiganManufacturedHousingAssociationLogoDataShipmentsAparil2017vsApril2018DailyBusinessNewsMHProNews

Several questions about the decline and related were posed to the Michigan Manufactured Housing Association’s executive director, over the course of a few days.  Neither Bill Shaefer, nor the association, opted to answer.

What’s going on?  It’s part of a previously reported trend, which can be read in the linked article below after this column is finished.

While Manufactured Housing Overall Rises, Some Slip Sliding Away

Krolewski is on record sharing this view, “I think one of the challenges we have as an industry is that there is not enough positive news about manufactured housing to counter the negative.

2018-06-22_0504MHVillageTrafficDataAlexaManufacturedHousingIndustryDailyBusinessNEwsMHProNews600

It’s a reality check, not a slam to do the math. If MHV is the industry’s “premier marketplace,” then the industry’s image woes are center stage, and Krolewski’s own statement explains why.

BobCrawfordFrankRolfeManufacturedHousingIndustryProfessionalNewsMHProNews

Bob Crawford, left, Frank Rolfe, right. Still credit, Inside MH video, by MHProNews.com.

For years, we have wondered WHY there was so little pro-industry advocacy from MHI to government movements, proposals, rules, etc. that were [often] not in the best interest of this industry,” said Bob Crawford, president of historic Dick Moore Housing, a BBB A+ rated firm.

On the MHU blog, Frank Rolfe has said, MHI – the industry lobby group…what’s with the concept of silence is golden? Negative articles on the industry are met with “no comment”. Positive news opportunities are met with “no comment”. 
I’ve never seen anything like it
.” 1

Krolewski has said at one point that the industry would be getting support from the Manufactured Housing Institute (MHI) on image building and messaging.  In fact, MHI has an active social media campaign, and reportedly one or two public relations people on staff, and has contracted others at times too.

That being so, where are their measurable results?

2018-06-22_0518EngagementofSiteVistorsMHVillageManufacturedHousingIndustryDailyBusinessNewsMHProNews600

MHInsiderManufacturedHousingINdustryDailyBusinessNewsMHProNewsThe industry is slowly crawling back from the bottom hit in 2009/2010. Aren’t new manufactured home sales the final metric that matters?  Isn’t that how the National Association of Home Builders ™ (NAHB), or the National Association of Realtors ™ (NAR) are measuring results?  Don’t sellers see want to know how many housing starts, and how many actual conventional housing unit sales?

We always hear about the tornadoes, flooding, fires, residents getting evicted from their homes so a shopping center can be built, unreasonable rent increases, how manufactured homes depreciate in value, etc,” Krolewski has said. “I think it’s less about the industry not responding appropriately, than it is us constantly having to play defense when we do.”

And all of this from the publisher of the MHInsider?

Rolfe has said, “…it’s my belief that the only way to elevate the public opinion of our industry is to explain to people (who are often full of negative stereotypes from such movies as 8-Mile and television shows like COPS and Trailer Park Boys) the truth about our product and business model.”

donaldtrumpnominatesbencarsonashousingsecretarycreditmhpronews2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Kurt Kelley. Credit: MHProNews.

Kurt Kelley, JD – a colleague of Rolfe’s in the MHR project – pointed out that: “My Dad used to tell me, ‘Perception is the reality of others. So you better make sure you are perceived accurately and positively.’ If you let others define you, you’re stuck with their definition of you.”

Historically,” Kelley said, “the MH industry has been defined by the lowest common denominator, and not by the great value offered by our homes or the excellent living choice MHC’s offer across the country. A recent poll showed that 85% of all Republicans and 60% of all Democrats didn’t trust the media. You can fight back successfully.”

Editorially, we note that Kelly’s point is precisely what MHLivingNews and MHProNews has done, fight back with facts.

So why did MHI, while this operation was still their member, undermine and allegedly attempt to derail our pro-growth industry efforts?  One of hundreds of examples can be found at the link below.

WhereAreYouHeadingThisSummerHowManufacturedHomeLivingCanImproveYourLifestyleMHLivingNews

Readers can circle back and check out the article below, which points to facts useful for the manufactured home industry.
https://www.manufacturedhomelivingnews.com/where-are-you-headed-this-summer/

The first step in solving a problem is to recognize that it does exist,” the late, great Zig Ziglar said.

The trouble with most of us is that we would rather be ruined by praise than saved by criticism,” said the inspirational minister, author, and speaker, the Rev. Norman Vincent Peale, according to BrainyQuotes.

Criticism may not be agreeable, but it is necessary. It fulfils the same function as pain in the human body. It calls attention to an unhealthy state of things,” said Winston Churchill, per the New Statesman.

CriticismMayNotBeAgreeableButItIsNecessaryItFulfillsSameFuncationAsPainInHumanBodyItCallsAttentiontoUnhealthyStateofThingsWinstonChurchillMHProNews

Critiques, fact checks, aren’t personal. Rather, they are a professional necessity.

Frank Rolfe, Marty Lavin, Bob Crawford, L. A. “Tony” Kovach and others are among those that have recognized that the industry’s post-production sector – specifically Arlington, VA based MHI – has failed to deliver on image building.

The result?  Historically low sales levels, which have contributed to industry consolidations.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

What was accomplished previously in sustainable shipment levels, can clearly be done again.

Rollohome, Creating 60,000 Factory-Built Homes in 2 Years

Having identified the problems, the next step must be to move toward solutions.

The communities sector, after breaking last year with MHI, is launching their own post-production national association.

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

What about those in retail, installation, lending, suppliers, and services, etc.? To learn more, see the related articles, linked below. ##  (News, analysis, and commentary.)

(Third party images, and content, are provided under fair use guidelines.)

Footnote: 1) Typo in the original.  In fairness to Rolfe, in England, quotes are placed as he used it, inside the punctuation mark.

Related Reports:

Only 3 Options – the Elephant in the Room

 

George Allen Reply to Mainstream Media re: Roane/Lackey/SECO Exposé, Plus MHI, MHARR, et al – “Make Manufactured Housing Great Again”

Frank Rolfe Blasts MHI for Poor Media Engagement, Industry Reactions

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America First, Economic Nationalism, Sycophancy, Presidents and Manufactured Housing’s Future

June 21st, 2018 Comments off

 

TogetherWeWIllMakeAmericaProsperousAgainWeAreOnePeopleOneFamilyOneGloriousNationUnderGodDailyBusinessNewsMHProNews

There are millions who find the truth to be uncomfortable.

 

Millions are misinformed about manufactured housing. The obvious answer is education.

Millions don’t know, so they don’t understand just how failed many public policies have been. Millions don’t understand how public policy impacts business and jobs, including those in our industry.

The obvious answer is education.

Hundreds of billions of dollars are pouring back into America.  It is the result of the Tax Cuts and Jobs Act, combined with regulatory rollbacks.

Those business thwarting, job killing forces of higher taxes and regulations have been tolerated for decades. Presidents John F. “Jack” Kennedy (D) and Ronald Reagan (R) demonstrated the principle that taxes could be dramatically lowered, and business and jobs would be spurred.

That isn’t partisan. Rather, it’s a law, like gravity.

Or as industry success story Marty Lavin succinctly put it in his article on trade, “You get more of what you encourage, and less of what you discourage.”

Factory-built housing industry veterans Tim Connor, and our publisher L. A. “Tony” Kovach have both said similar points to Lavin’s insight.

The point? Once more, education is the key.  A new generation of manufactured housing industry professionals and Americans must be taught what works, and why.

 

Lessons from Seattle’s Head Tax

Higher taxes or higher regulations are business and job killers. These are truths that the Daily Business News has promoted for years, and are being proven – right before the nation’s and our industry’s eyes.

Recently, giant Amazon pushed back hard on Seattle’s head tax, which was passed to pay for homeless programs. Jeff Bezos, the world’s richest man and founder of Seattle based Amazon, did not want to pay that tax, even though he can clearly afford it.  Yet, Bezos favors progressive policies? How does contradiction work in practice?

Warren Buffett and Chase’s Jaime Dimon recently praised on  CNBC the U.S. economic boom as strong. But both are Democratic supporters. Buffett has pointedly put down President Trump for years before he ran for the White House.  Buffett strongly supported Mr. Trump’s opponent, Secretary Hillary Clinton. How does that contradiction work?

Make no mistake.  The evidence is there that billionaires like Buffet, Bezos, Dimon, Soros or others who support so-called progressive or leftist causes know the truth about high taxes and heavy regulations.  It isn’t that Marty Lavin, Tim Connor, or Tony Kovach are smarter or richer than they are.

Some modest level of taxes and regulations are arguably necessary in society.  But excessive taxes and regulations are proven by experience to be destructive. That’s been known for centuries.  So, why do some favor high taxes and high regulations? In a phrase, it’s “political and economic power over their competition.”  Big business can better sustain high taxes and high regulations.

NAMCostForComplianceDailyBusinessNewsMHProNews

 

The Approaching Midterms

Democratic strategists like long-time Clinton adviser Doug Schoen have said that opposition to President Trump can’t be a winning strategy for them.  The evidence of the success of the president’s policies are increasingly strong.

Doug Schoen, Clinton Adviser, warns – “Democrats must advance an agenda…to create a society of opportunity for all – not guaranteed outcomes achieved through wealth redistribution.”

Keep in mind the lessons of the facts above.  This isn’t about a cult of personality, or party, as some narratives would have you believe.

Rather, it’s about policy principles that are as proven as gravity.  Rephrased, its about education about reality vs. flawed opinions.

YouAreEntitledtoYourOwnOpinions.ButYouAreNotEntitledToYourOwnFactsDanielPatrickMoynihanDailyBusinessNewsMHProNews

 

Presidents Then…

Yesterday, the Daily Business News spotlighted then President Gerald Ford’s speech praising what was then the mobile home industry.  The mobile home industry has evolved into the modern manufactured home (MH) industry. There were some principles that were practiced during the Nixon-Ford era, such as wage price controls, that were proven to be public policy failures. The point isn’t that President Ford was great because he was Republican (note: as pro-industry trade publishers, we are political independents).  It isn’t that President Ford was just being nice to our industry.

Rather, it is that President Ford was correct then on some specifically focused items that apply today to manufactured homes.  Those specific principles are as true today as they were back then.  If you missed it, please circle back to the article linked below once you finish this column.  Because the lessons are true, then and now.

U.S. President Praised “The Mobile Home Industry,” Manufactured Homes are “Here to Stay”

 

Some Key Themes, Quotes from POTUS Trump’s Duluth Rally

We will never give in.  We will never give up. And we will never, ever stop fighting for our country,” said President Donald J. Trump near the end of his rally last night. “Or for our flag. Or for our freedom,” he said to cheers and applause. Like President Reagan, our 45th president holds different views than he once did on some issues. He evolved over time from some beliefs into America First economic nationalism.

 

It should be noted that President Trump’s call for “a space force” is in some ways an echo of Reagan’s call for the Strategic Defense Initiative (SDI), which was mocked then.  SDI was part of what brought the old Soviet Union to the table, and what ended up bringing the Berlin Wall, and the Communist Iron Curtain to a close.

President of the United States (POTUS) Trump seems to have a knack for getting at the heart of an issue. Freedom and peace through strength. He believes that his ‘tariff’ skirmish will result in better trade deals for America. Several of his economic principles are already proving themselves.

As long as we are proud of who we are and what we are fighting for, we will never, ever fail. There is no place like our place,” he said of the U.S.A. With your help, and with your voice, and with your vote,” the 45th president said his reform version of the GOP party “can keep on winning. We will keep on winning.”

We are Americans.  And our hearts bleed red, white, and blue,” said the “America First” president.

We are one people. One family, and one glorious nation under God. And together, we will make America wealthy again. We will make America strong again. We will make America safe again. And we will make America great again. Thank you, thank you Minnesota.”   The president is hoping some of his political supporters will win congressional races in the state, and perhaps flip a U.S. Senate seat or two.

The president narrowly lost Minnesota in 2016, which is a state that has been deep blue for decades.

 

Proven, Pragmatic, Pro-Business and Individual Prosperity Principles

MHProNews has and will continue to stand for proven principles, not spin, hype or political posturing.

This writer editorially supported President Trump, and the presidential campaign site carried my full column for months. Those who came late to the dance are welcome, but the point is that we discerned who the best candidate was for our industry and for our nation – Donald J. Trump – and we backed him during the primaries, after the convention, and have supported his policies since.

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, while MHProNews and the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

Our support for President Trump was and is based upon those principles and sound policies.  Those principles work in spite of how someone may feel about this or that presidential tweet, or this or that hyperbolic expression. Proven principles are paying off.

We at MHProNews are pragmatic and practical.  We strive to get facts and principles correct, so that professional readers and investors can have a reliable source of independent information.

This is demonstrably the most pro-industry, pro-sustainable growth publication in manufactured housing history. We are also the runaway #1 publications in our niche.  Those are bold claims.  But third-party data helps proves it. Beyond reader feedback, which of course crosses the spectrum of pro-and-con, traffic or email data tell us that most of our audience respects what we provide. By the way, it was a competitor who asked us to do the report, linked below.

What are the FACTS about Manufactured Housing Industry Traffic vs. Real Estate? MHVillage, MHProNews, Manufactured Housing Institute Data

We at MHProNews are pro-business, and we celebrate success.

That said, there are monopolies that harm our industry.  We believe in principle that those monopolies need to be legally challenged and broken up.  That includes the alleged Berkshire Hathaway monopoly over manufactured housing; but it isn’t limited to them.  Our position is based upon principles.  Other monopolies that need to be addressed are found in the article, linked below.  Each one poses a risk to our industry and the nation.

Facebook, Marketing & News – Manufactured Housing Pros, Sarah Miller, ‘Citizens Against Monopoly’ Sound the Alarm

NY Stern professor Scott Galloway is arguably correct when he says that breaking up the monopolies would create more millionaires.  A few billionaires may lose some of their vast wealth in the process. But if they are proven guilty of violating antitrust or other laws – as even non-industry sources and MHProNews has alleged – then don’t they deserve what they get?

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, or named entities. The cause of the above?  See Smoking Gun 3, and those related documents and videos. Clayton and the top 25 report is linked here.

If you are a first time reader, please see Smoking Gun 3 once you’ve finished this article for documents and videos that demonstrate just how manufactured housing has been arguably derailed.  See how choking off capital debatably harmed thousands of industry businesses, and potentially millions of more manufactured home owners.  That in turn costs taxpayers billions.

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

As we’ve ratcheted up that theme of breaking up the monopolies, the Manufactured Housing Institute’s (MHI) ‘big boy’ backers have demonstrably provided more ads and financial support to the other MH industry trade sources. We’ve had sponsors tell us that they’ve been pressured to back off supporting us.

Thanks to the support of a few, we are still standing. We stand for principles, vs. those who are apparently short-term sellouts.  The industry can only achieve its potential by breaking free of the factors that have artificially suppressed our MH Industry’s growth.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

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What was accomplished previously in sustainable shipment levels, can clearly be done again.

Our publisher personally knows each other ‘serious’ non-association trade publisher or blogger active in manufactured housing today. He respects some-to-many of their qualities.  We advocate a separating the “wheat from the chaff” approach. But the sad reality is that each of those other MH bloggers and writers has to various degrees debatably ‘sold out’ to the big money interests. Their articles and writing are often – not always – that of a sycophant.

It is President Donald J. Trump and his supporters that made S 2155 possible.

White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform

The National Federation of Independent Businesses (NFIB), the Manufactured Housing Association for Regulatory Reform (MHARR) are among those trade groups which have consistently supported tax cutting and/or regulatory reform polices that are good for America, and are good for independent manufactured housing industry businesses.

The president’s rally in Duluth, Minnesota last night hit all of the themes and topics that are hot in the news recently.  Several of the major cable networks did not carry the full address.  The CBS video above covers the President of the United States (POTUS) Donald J. Trump’s talk.

For those who are:

  • realists, open minded, and sustainable growth oriented,
  • for those that don’t already support the president’s plans,
  • those owe it to themselves to take another look.

The truth and applying the truth will alone set people free.

For those who already agree with the above, you get it.  For those who don’t, the growth after just 500 days of Mr. Trump in Oval Office should be evidence.

The opposition uses slanders and slurs, because that’s all that they have.

It should be noted that competitors in publishing in MHVille may or may not agree with the president’s policies.  But in practice, if other writers support what MHI’s ‘big boy backers’ want – admit it or not – then they are routinely on the wrong side of the MH Industry’s issues.

While Frank Rolfe has gone silent – allegedly due to a discussion between Berkshire Hathaway company members, ads, and certain benefits – several of the points he made prior to going silent about MHI were spot on.  Will Rolfe risk losing his support in favor of speaking out again?  Time will tell.

Frank Rolfe: Pressured into Silence? Manufactured Housing Industry, and Journalism

But neither Rolfe nor MHI can erase what that widely known MHI member’s already said on numerous occasions.  We keep track of the evidence and the facts, so that industry professional readers or investors can decide, and act accordingly. 

Neither can MHI ignore the new national association that is forming.  They quit MHI because of the recognition that MHI has failed the industry.

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

The evidence is clear for those willing to look at it with an open mind.

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

MHI has de facto been working for consolidation.  The case for that allegation is laid out in linked articles and reports. You can see a summary in the first Related Report, linked below.

Note that we’ve repeatedly given MHI and Berkshire brands in MHVille an opportunity to refute any of the facts we’ve presented.  For about 15 months now, they no longer even try to respond. Isn’t that a de facto admission that what we’ve been publishing is correct?

That may be a difficult pill for long-time MHI members or Berkshire believers to swallow, but it is what it is.

Please note, we’ve often made the distinction that just because someone is in MHI, or works for an operation associated with them, that doesn’t make them a bad person. Some state associations and businesses tell us that they have ‘no choice,’ but some of those in MHI are among our sources of information.  They support us as they can.

 

Phase One, Phase Two

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

Phase One has been about education.  Education is about helping free manufactured housing from the chains which has limited it for far too many years.  Education about the realities of modern manufactured homes must be ongoing.

Phase Two is about to get underway. To learn more, please see the article linked below. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, and content are provided under fair use guidelines.)

Related Reports:

Only 3 Options – the Elephant in the Room

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

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Ease Shortage with 400,000 More Manufactured Homes for California, says Jonathan Lansner, MHI’s Next CEO?

June 18th, 2018 Comments off
EaseShortagew400,000MoreManufacturedHomesCaliforniaSaysJonathanLansnerMHIsNextCEODailyBusinessNewsMHProNews

Original photo, OC Register, collage by MHProNews.

Industry professionals should note the mixing of nomenclature, or feel a level of angst in reading in California’s Orange County Register the following.

 

Look, I know mobile homes[1] are not for everybody and have a nasty stigma that is sometimes deserved.”

That line was preceded by the opening words, “Bet you didn’t know California has 517,173 mobile homes[1].”

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Snippets from LinkedIn profile of Jonathan Lansner.

Citing U.S. Census Bureau data, columnist Jonathan Lansner said, “Only three states had more mobile homes[1] than California. But as the nation’s most populous state, it’s another affordable-housing metric where California trails the pack: pre-fabricated homes are a tiny share of our residential-living supply — 3.7 percent vs. 6.6 percent in the rest of the nation.”

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To see the fact-packed Op-Ed, click the link here or the image above.

Lansner has teed up various facts – and takes a stab at the boil after his stigma comment – by saying, “But when the state’s having a serious rethinking of its housing policies — actions to come eventually, hopefully — shouldn’t everything be on the table?

Manufactured home (MH) industry pros could wince over the nomenclature, but must also note his salient point. Namely, that California ought to have more manufactured homes. How many more?

Lansner says the state is about “400,000” homes short of the national average for MH per state.

He then argues that the reason that other states have a lower housing cost is due in part to the fact that those states have more manufactured homes than California does.

Start with construction costs: The typical new “manufactured home” sold in the U.S. between 2007 and 2015 was 1,500 square feet and went for $64,000. Building the average new, single-family home — minus the land price — cost $230,598 for 2,556 square feet,” said Lansner.

For an MH outsider looking in, fascinating points he’s making with his “spreadsheet” and calculator, aren’t they?

 

What’s Wrong is That Enough Don’t Ask What’s Right  

As dedicated Daily Business News readers recall, history-making Rollohome went from zero to 60,000 homes in just two years. You can read the following linked report later, for more insights.

Rollohome, Creating 60,000 Factory-Built Homes in 2 Years

Lansner, his nomenclature aside, arguably makes a far better case than the Manufactured Housing Institute (MHI) President and CEO, Richard “Dick” Jennison.  Readers may recall that Jennison inexplicably argued for slow MH industry growth.

Pardon us, Dick? During the nation’s affordable housing crisis? Did Jennison not know about rapid ramp-up cases like Rollohome? Who promised Jennison that bonus and raise for saying or supporting stunning thoughts like that?

Busted! “Failure Bonus” Paid-Richard “Dick” Jennison, CEO Manufactured Housing Institute-per MHI Document$

So, who were or are the geniuses and driving forces behind MHI’s president calling for slow growth? How does that help a state like California? Or the other 49 states, which all-in need some 8.3 million more affordable homes?

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

Please, give the MH Industry someone who thinks more like Lansner.

 

Lansner on California vs. Other Top MH States

Lansner doesn’t go into other facts, like California leading the nation in homelessness. The New York Times reported on Dec 21, 2017 that “This year that number [of homeless in the U.S.] reached nearly 554,000 — a 1 percent increase from last year, driven by the dramatic surge in West Coast cities. More than one-quarter of the total homeless population nationwide lives in California, roughly 114,000.”

Nor does his OCRegister column deal with land use, zoning, or a range of state regulatory, immigration, or tax issues that are also arguably hobbling opportunities in the Golden State.

Instead, Lansner’s laser focused on getting more manufactured homes. “Just look at economic competitors for California, the three states with more mobile homes[1].”

Lansner argues, ”Florida is the U.S. leader with 830,351 mobile homes. [1] That’s 9.1 percent of its housing supply and the 16th highest share nationally. It’s a good bet mobile homes[1] help put Florida’s monthly housing costs 32 percent below California, according to Census data.

Wonder why the median home value of a Florida home is $166,800 vs. California’s is $409,300? (That’s the value of all homes, not those that sold.) Or why 65 percent of Floridians are homeowners vs. 54 percent in California?”

Then the OCRegister writer says, “No. 2 is Texas with 762,848 mobile homes[1] or 7.3 percent of its housing supply — No. 23 nationally. It’s got housing costs 35 percent below California; a typical home valued at $142,700; and 62 percent ownership.”

He rounds out the top four states with the most pre-HUD Code mobile homes, and post-HUD Code manufactured homes by saying, “Then there’s North Carolina with 590,302 mobile homes.[1]  That’s 13.3 percent of its housing supply — No. 7 nationally; housing costs 42 percent below California; a typical home worth $157,100; and 65 percent ownership. 

Where is the voice at MHI’s Arlington, VA headquarters making similar arguments to grow our industry?

Could the industry’s leaders have Lansner trained for a week on nomenclature plus some fine points, and then promote Lansner with his moxie to take Jennison’s spot at MHI?

JonathanLansnerOCRegisterCADailyBusinessNewsMHProNews

Lansner for MHI’s next President?;

But nobody brags about any state’s share of mobile homes. [1] In fact, it seems to be a little dirty secret when you look at the nation’s most “affordable” places to live,” Lansner said. It was an avoidable hyperbole.  But was he – like MHProNews also does at times – being satirical, to make his other compelling points?

He ends on a high note. 

Still, if California is serious about driving housing costs down — and ownership opportunities up — tough choices must be made. Novel thinking about far smaller homes in various formats should be on the table.”

The link to Lansner‘s interesting column is found here.

If the fine folks in Arlington, Knoxville and Omaha are willing to take their foot-off-the-pedals driving more industry consolidation – taking place at the very time millions of more manufactured homes are so desperately needed – do you think they may give Lansner an opportunity to replace Jennison as MHI’s president?

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, or named entities.  To see Clayton Homes and the top 25, click here

That last point should not be considered a joke.  Given the choice between Lansner and Jennison, shouldn’t the pick be easy? “We Provide, You Decide.” (C) ## (News, analysis, and commentary.)

Footnotes:

[1] Mobile homes” and “manufactured homes” (MH) are not interchangeable terms, as well informed MH industry professionals know.  Regrettably, the Census Bureau has not yet made the move to differentiate between pre-HUD Code mobile homes and post June, 15, 1976 manufactured homes.  About 20 percent of the estimated 8.8 million of both types of MH housing units are mobile homes, the other 80 percent are manufactured homes.

2) A robust use of enhanced preemption and other parts of FHA and DTS would rapidly solve the affordable housing crisis, using primarily private capital.  See related reports, linked below.

Related Reports:

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

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

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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.