Archive

Posts Tagged ‘manufactured housing’

Senator Elizabeth Warren Takes Shots at former VP Joe Biden, Team Trump Supporters Ponder Improving Economy

May 17th, 2019 No comments

 

SenatorElizabethWarrenTakesShotsforrmerVPJoeBidenTeamTrumpSupportersPonderImprovingEconomyDailyBusinessNewsMHProNews

Still from video, further below. The consumer sentiment index is the best since 2004.

When consumer confidence goes up, more homes should be sold.  When jobs are plentiful, more homes should be sold. We’ll turn to that part of the report, further below. But first, an update on 2020 as viewed from MHVille.

 

In an email to MHProNews, the Warren 2020 campaign made some of the following claims.

No billionaire to fund a Super PAC. No money from federally registered lobbyists or PACs of any kind. And no closed-door fundraisers for the ultra-rich.”

These are thinly veiled shots at the Democratic front runner, former Vice President Joe Biden.

MHLivingNews and MHProNews have highlighted Warren’s strong antitrust stance.  What she will actually do given the opportunity is perhaps another question.  On housing policies, she has advanced positions that arguably would undermine manufactured housing interests.

Polling suggests that Joe Biden has a double-digit lead over number two Democratic presidential nomination contender, Senator Bernie Sanders.  Warren is third in a field with about 20 other Democrats.

Billionaire Mark Cuban, a Democratic supporter who has toyed with running himself for some time, recently said that none of the Democratic nominees can be President Donald J. Trump. And Cuban has not been a POTUS Trump fan.  Current polling disagrees with Cuban, which says that Biden could beat POTUS Trump.  But then polls on election day 2016 predicted Secretary of State Hillary Clinton would be in the White House.  The polls were clearly wrong.

It has been silent of late from Howard Schultz, but there are still rumblings that he will formerly announce an independent run.  The wide rifts in the Democratic party may give him room to do so.  The most common theme that Democrats seem to have is opposition to President Trump.  That said, a new candidate, Ami Horowitz, pledges to bring the Democratic Party back to more centrist policies.

 

 

Which brings us to the latest economic confidence.

Per left-of-center CNBC:

  • The University of Michigan’s preliminary print on its consumer sentiment index rose to 102.4, up from 97.2 in April and well ahead of expectations.
  • Consumers viewed prospects for the overall economy much more favorably, with the economic outlook for the near and longer term reaching their highest levels since 2004,” says Richard Curtin, chief economist for the Surveys of Consumers.
  • The optimistic consumer outlook was mostly recorded before U.S.-China trade deliberations soured earlier this month.

 

 

The unemployment picture is the rosiest in decades.  Other economic indicators, including housing starts, are rising.

These bode well for the Trump 2020 campaign on paper, but then no president has had as much negative media in the 21st century as this one has.  So we’ll watch how that plays out.

 

 

That said, what’s arguably apparent is that mainstream housing and other parts of the economy are chugging along at the best clip in years.

So, given the well-known need for affordable housing, why isn’t manufactured housing soaring too? To get a better handle on that question, see the related reports, further below.

That’s our closing episode today for manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Census, HUD Official Residential Construction Report for April 2019, Dare to Compare to Manufactured Housing Data

HUD Code Manufactured Home Production Decline Continues, May Updates

 

Joe Stegmayer, George F. Allen, Manufactured Housing Institute Slogans, Slump, Slurs, Solutions

Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance – Investor Lessons Learned

What the Manufactured Housing Institute (MHI) Said About March 2019 Shipment and Production Data

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

Ultimate, Proven Contrarian Investing – Ethical vs. Unethical, Legal vs Illegal Manufactured Housing Industry Strategies

 

 

 

 

 

 

 

 

 

 

 

HUD’s 2019 IT Innovation Award

May 17th, 2019 No comments

HUDMicroStrategy2019InnovationAwardManufacturedHousingIndustryMHProNews

This pro-industry trade media platform periodically spotlights “News through the lens of manufactured homes, and factory-built housing.” © We curate content you routinely will find no where else in manufactured housing, save right here on the Daily Business News on MHProNews.

 

Why should this HUD award matter to MHVille professionals?  Here’s the take to consider.  HUD’s Secretary Ben Carson and their leadership are perhaps not getting the credit for shaking up many items that have been their status quo for decades.  In a large, federal bureaucracy that’s routinely has entranced interests, it’s not easy to do.

That said, HUD Secretary Carson – blasted by many in media and politics – has recently made a very pro-manufactured home industry statement, in sufficient depth, that it ought to be front page news. Why isn’t it?

Some may dismiss Secretary Carson, as non-partisan trade media, we’ve taken him seriously since his nomination for the role.  What tomorrow brings from HUD on manufactured housing is not yet known.  But what we do know is that Carson has arguably made the strongest statement from HUD for manufactured housing in the past 20 years.

 

Dr. Ben Carson Secretary of Housing and Urban Development Manufactured Housing Conference Remarks New Orleans, Louisiana, Hyatt Regency Hotel, May 7, 2019

 

This award has nada to do with that, but it reflects an award-winning mindset that is emerging at HUD.  Thus, the value of spotlighting this recognition given to HUD.

 

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

HUD RECEIVES HUD RECEIVES MICROSTRATEGY’S 2019 FEDERAL IT INNOVATION AWARD

Department receiving award for advancements in data analytics and digital transformation

 

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) yesterday received MicroStrategy’s 2019 Federal Information Technology Innovation Award. HUD won the Award because HUD’s Office of Community Planning and Development’s (CPD) modernized its Grants Dashboard.

CPD Grants Dashboard provides funding information for each city and state that receives CPD program funds, in a place-based format. The Dashboard details the size of each grant received over the past several years, as well as the total amount of funds currently available to be spent on affordable housing and community and economic development activities. Before modernizing the Grants Dashboard, HUD relied on manual reports that could not efficiently drive critical decisions or provide oversight into all grant programs.

“It is a great honor to receive MicroStrategy’s 2019 Federal IT Innovation Award. We have made it a priority to modernize our systems to improve the way HUD does business,” said Secretary Ben Carson. “We still have work to do until all of HUD’s systems are up to date, but this award shows that our efforts are paying dividends and the results have made HUD a stronger, more nimble agency.”

“We are incredibly proud to recognize the U.S. Department of Housing and Urban Development with the 2019 Federal IT Innovation Award for their exemplary use of analytics to achieve significant ROI and operational efficiencies,” said Michael J. Saylor, CEO,  MicroStrategy Incorporated. “Their CPD Grants Dashboard showcases an innovative enterprise analytics solution while serving as a blueprint for digital transformation initiatives across the federal government.”

Steven W. Rawlinson, the Deputy Assistant Secretary for Economic Development for CPD, and Maribel Gatica, Advisor to the Assistant Secretary for CPD, received the award on behalf of HUD at MicroStrategy’s Federal IT Summit in Washington, D.C.

### 

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.

That’s this morning’s first look at manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

 

HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

 

Top Ten Smaller Cities Millennials Moving to For Lower Housing Cost, Plus Stock Updates

MHARR Weighs in, HUD Secretary Carson Letter – “Discriminatory…Exclusionary Zoning of HUD-Regulated Manufactured Homes”

“Lead, Follow … Or Get Out of The Way”

 

Cowards, How Winning Is Done, and Manufactured Housing

Census, HUD Official Residential Construction Report for April 2019, Dare to Compare to Manufactured Housing Data

May 16th, 2019 No comments

 

CensusHUDOfficialResidentialConstructionReportApril2019DareCompareManufacturedHousingDataMHProNews

Our publisher was laughing this morning after he read an email.  When asked what the joke was, he replied by showing a pro-Manufactured Housing Institute trade media outlet that was announcing their ‘State of the Industry’ upcoming report.  “The state of the industry can be summed up by statistics,” said L. A. ‘Tony’ Kovach, as the laughter faded, replaced by a sober look, “which reflects the dismal reality that during an affordable housing crisis, manufactured housing is selling fewer homes today than 15 years ago, when Warren Buffett’s Berkshire Hathaway entered the manufactured home industry by buying Clayton Homes.  Coincidence?

 

He added two question.  “Do you think that trade publisher will look at the underlying issues or evidence that have contributed to the industry’s decline?  Or do you think they will be doing more cheerleading, as more slow-motion consolidation takes place?”

 

BloombergShipmentProductionDataManufacturedHousingMHProNews2019-05-16_1057

 

Time will tell what the pro-MHI echo chamber might produce next. We’ll plan to report on what their latest spin on reality might be.

That said, HUD’s and the U.S. Census Bureau’s Residential Construction report for April, 2019 is out this morning.  Following their data-driven report, there will be a recap of HUD’s new manufactured home shipment data.

 

 

 

U.S. Dept. of Housing and Urban Development (HUD)               U.S. Census Bureau

 

May 16, 2019

 

HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN APRIL 2019

 

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for April 2019.

NewResidentialConstructionApril2019BuildingPermitsSingleFamilyHousingStartsCompletionsHUD-USCensusBureauManufacturedHousingIndustryMHProNews

 

Building Permits

 

Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,296,000. This is 0.6 percent (±2.6 percent)* above the revised March rate of 1,288,000, but is 5.0 percent (±1.4 percent) below the April 2018 rate of 1,364,000.  Single‐family authorizations in April were at a rate of 782,000; this is 4.2 percent (±1.2 percent) below the revised March figure of 816,000.  Authorizations of units in buildings with five units or more were at a rate of 467,000 in

April.

 

Housing Starts

 

Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,235,000.  This is 5.7 percent (±13.0 percent)* above the revised March estimate of 1,168,000, but is 2.5 percent (±10.4 percent)* below the April 2018 rate of 1,267,000.  Single‐family housing starts in April were at a rate of 854,000; this is 6.2 percent (±13.7 percent)* above the revised March figure of 804,000. The April rate for units in buildings with five units or more was 359,000.

 

Housing Completions

 

Privately owned housing completions in April were at a seasonally adjusted annual rate of 1,312,000.  This is 1.4 percent (±15.5 percent)* below the revised March estimate of 1,331,000, but is 5.5 percent (±11.9 percent)* above the April 2018 rate of 1,244,000.  Single‐family housing completions in April were at a rate of 918,000; this is 4.1 percent (±13.4 percent)* below the revised March rate of 957,000. The April rate for units in buildings with five units or more was 381,000. The February report is scheduled for release on March 26, 2019.

 

EXPLANATORY NOTES

 

In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and six months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 3 percent or less.

 

* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero.

 

###

MHIlogoMonopolisticHousingInstituteLogoManufacturedHousingInstituteLogoMarch2019ProductionShipmentReport

The data above sums up what MHI’s own flatly stated report, without presenting a solution to the problems that their own slogan indicates lies in their purvey.

ManufacturedHousingInstituteMHILogoPhotoOnlyTradeOrganizationrepresentingallsegmentsfactorybuilthousing2019-05-14_0808

MHARRR’s analysis of HUD Data revealed that 8 of the 10 of the top ten states in manufactured housing shipments are behind in year-over-year totals.

 

MHARRshipmentProductionMarch2019ManufacturedHousingReportMHProNews

While MHI in their monthly shipment report doesn’t deny the decline, neither are they addressing the underlying causes, nor have they proposed a remedy via their messages to the industry. Why not?

But somehow, MHI managed to claim in their late 2018 self-promotional video that they had ‘momentum’ – which is true, if they meant reverse momentum. Or momentum in the sense that more consolidation is underway.

MHARRshipmentProductionMarch2019ManufacturedHousingReportMHProNews

While MHARR’s mission is to represent producers in regulatory concerns at the federal level, due to the severity of the concerns, they’ve stepped up and are initiating projects aimed at addressing zoning, placement, and finance related challenges. See the related reports, further below the byline, offers, and notices.

 

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

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

 

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

HUD Code Manufactured Home Production Decline Continues, May Updates

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

“Lead, Follow … Or Get Out of The Way”

 

Rope-a-Dope – Preserving Access to Manufactured Housing Act, Mom, Dad, & You

 

 

 

 

 

 

 

 

 

 

 

 

 

Dr. Mark Calabria, FHFA Director Interview, Front Lines of GSE Reform, Manufactured Housing Impacts Ahead

May 16th, 2019 No comments

 

DrMarkACalabriaFHFADirectorInterviewFrontLinesGSEReformManufacturedHousingImpactsAhead

Mark Anthony Calabria is the Director of the Federal Housing Finance Agency (FHFA). He was formerly the chief economist for Vice President Mike Pence,” per Wikipedia.

 

A release by the FHFA on April 15, 2019 said in part that: Dr. Mark Calabria Sworn In as Director of the Federal Housing Finance Agency.

 Roll Call said this week that the Federal Housing Finance Agency Director Mark Calabria said he hopes to have a roadmap for ending the federal conservatorship…” of the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac.

HousingWire reported on December 11, 2018 that “Calabria has been a critic of the GSE model…”  Let’s flash back to see HousingWire’s point.

 

 

Or consider this discussion with Dr. Calabria in the housing and finance debate, which will also give a good sense of Dr. Calabria’s thinking, in his own words.

 

 

Finally, the Daily Business News on MHProNews has previously reported the ongoing controversies over the Duty to Serve Manufactured Housing (DTS) and other underserved markets that were part of the Housing and Economic Recovery Act (HERA) of 2008.

With the former director of the FHFA, Mel Watt – considered by some going into the role as a ‘friend’ to manufactured housing – leaving under a cloud of sexual misconduct allegations, and with very little progress toward fulfilling the DTS mandate, there are open questions about what Calabria will do during his time at the helm at FHFA.

GotClout-questionmark-GetItHere-MHI-ManufacturedHousingInstitute-postedMHProNews-com-

The Manufactured Housing Institute (MHI) on April 4th, 2019 touted Calabria’s appointment confirmation by the U.S. Senate.

In that e-mailed statement, MHI said: “The U.S. Senate has confirmed Dr. Mark Calabria as Director of the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, by a vote of 52 – 44. At his confirmation hearing, Dr. Calabria reaffirmed his commitment to the FHFA’s Duty to Serve mandate. Throughout his confirmation process, MHI sent numerous letters of support and worked with the White House and Senate leaders to secure his confirmation.”

MHI also provided their readers with their routine ‘photo op,’ an apparent part of their “got clout? get it here” theme, which has in recent years witnessed plenty of meetings, but what actual progress?

MHARRshipmentProductionMarch2019ManufacturedHousingReportMHProNews

While MHI in their monthly shipment report doesn’t deny the decline, neither are they addressing the underlying causes, nor have they proposed a remedy via their messages to the industry. Why not?

After all, manufactured home shipments are now had 7 months of declines during an affordable housing crisis.  If that is MHI’s vision of “clout,” please – “spare us oh, Lord…”

LesliGoochMHIEVPChiefLobbyistPhotoDrMarkCalabriaDirectorFHFAFederalHousingFinanceAgencyMHProNews

 

 

MHI went onto say, “Dr. Calabria has extensive experience in housing and financial services issues, as well as a thorough understanding of the importance of manufactured housing as an affordable source of quality homeownership. As the top housing staff member on the Senate Banking Committee for many years, he took the lead in drafting the Housing and Economic Recovery Act of 2008, which created the FHFA as a strengthened regulator of the GSEs and established the Duty to Serve requirements for Fannie Mae and Freddie Mac, requiring both entities to support manufactured housing in the secondary market. Previously, Dr. Calabria served as Deputy Assistant Secretary for Regulatory Affairs at the Department of Housing and Urban Development during President George W. Bush’s Administration, where he led the Office of Regulatory Affairs and Manufactured Housing.”

That biographical information aside, MHI added: “Dr. Calabria has served as a keynote speaker at MHI events, most recently in 2017 where he provided attendees with insights about the Administration’s housing and economic development priorities. In 2012, when he was Director of Financial Regulation Studies at the CATO Institute, he spoke to MHI’s members about the impact the Dodd-Frank Act could have on the housing finance sector.”

Those references to MHI should not be construed to diminish Dr. Calabria, now the Director of the FHFA, in any way. Federal officials meet with trade groups and others, it is part of what they do.

However, that recitation by MHI subtly suggests the opposite of what they are arguably seeking to portray to their members and readers.  Bear in mind that MHI pursued the Preserving Access to Manufactured Housing Act during all of the Obama Administration years after the CFPB regulations were put in place, even though Warren Buffett backed the former president in both of his campaigns.

 

WarrenBuffettBarackObamaClassWarfareRichMakingWarWinning-Rule1NeverLoseMoneyRule2RememberRule1Luckiest1PercentThinkaboutOther99PercentMHProNews

Credits are as shown.  Buffett may indeed ‘think about’ the other 99 percent, but how are his surrogates policies in MHVille actually treating the other 99 percent?

 

MHI’s own Senior VP (SVP) of governmental affairs – or top lobbyist – Jason Boehlert, said in 2012 the following.

 

 

So, to borrow the phrase from the Manufactured Housing Association for Regulatory Reform’s President and CEO, Mark Weiss, JD, there was an “Illusion of Motion” at MHI, which led nowhere after years of pursuing Preserving Access.  MHProNews’ publisher recently laid out a detailed review of how MHI’s chase of Preserving Access was arguably a “Rope-a-Dope” style ploy, that fostered industry consolidation while creating the impression that the Arlington, VA based trade group was ‘doing something.’ Yes, and no.

 

Rope-a-Dope – Preserving Access to Manufactured Housing Act, Mom, Dad, & You

As recently as May 31, 2017, Patricia Boerger, per the MHI website said: Keep the Momentum Going – Ask Your Representative to Cosponsor H.R. 1699, the Preserving Access to Manufactured Housing Act Twenty-one members of the U.S. House of Representatives have added their names as a cosponsor of H.R. 1699…” Momentum?  Hardly.

Preserving Access never passed.  The one thing that was obtained was S 2155, which ‘gave’ MHI the revision to the MLO rule – something that consumer groups were willing to do by agreement years before.  To understand the backstory and evidence on that, see the report linked below.

 

 

MHARR’s president said this in a recent “Issues and Perspectives” – Now, though, both the absence of an independent, national trade representative for the post-production sector [i.e.: MHI] and the related long-term failure of the broader industry to effectively address crucial issues within that sector…” MHARR announced this spring that they were going to go beyond their core mandate of dealing with federal regulatory issues that deal with production concerns, by working with state association on specific placement and zoning challenges, as well as: “(3) to publicly expose the failure of Fannie Mae, Freddie Mac and the Government National Mortgage Association (Ginnie Mae) to fully and properly implement existing law, thereby forcing manufactured housing consumers into higher-cost, allegedly “predatory” purchase loans, while excluding other potential purchasers from the manufactured housing market altogether.”

 

“Lead, Follow … Or Get Out of The Way”

 

It is so-called predatory loans that was part of the assault by John Oliver’s errantly named “Mobile Homes” video that exposed problematic business practices – each of which was apparently tied to an MHI member.

MHARR’s perspective on Dr. Calabria was outlined in their report linked below.

 

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

 

It is with that backdrop, that the Daily Business News on MHProNews turns to Dr. Calabria’s first in-depth interview since becoming the director of the FHFA in an interview with Fox Business News (FBN).

 

 

Per right-of-center FBN, on May. 10, 2019 – “President Trump’s new director of the Federal Housing Finance Agency says he’s considering an initial public offering of Fannie Mae and Freddie Mac as early as the first half of next year to raise capital.”

FBN said that, “since taking the helm of the FHFA, Mark Calabria, says that allowing Fannie Mae and Freddie Mac to simply rebuild capital by retaining earnings isn’t enough to get the mortgage giants in a strong position quickly.”

Rephrased, the administration wants to untether the Government Sponsored Enterprises (GSEs) as much as possible from federal conservatorship, and from the implied taxpayer backstop.

As FBN put it, “Right now, Fannie Mae and Freddie Mac are under control of the federal government since being bailed out by taxpayers during the financial crisis. Both send all of their profits to the U.S. Treasury, in what’s called a net worth sweep, while maintaining a thin capital cushion of $3 billion. Calabria says a sufficient amount of capital is what’s needed to exit conservatorship or government control.”

Calabria made a number of points, including that he feels that the law allows him to make several moves without further approval by the Congress.  That said, the new head of the FHFA also believes that Congress should be given some time to weigh in on changes to the current structure of housing finance.

Some other bullets from the FBN interview:

  • Calabria is currently waiting on a plan from the U.S. Treasury on reform for Fannie and Freddie, which he expects this summer. Then he will negotiate with Treasury and hopes to come to an agreement by the fall that would then allow them to stop Fannie and Freddie from sending all profits to Treasury later this year….By January (2020), Calabria wants to start the capital-building process and thinks it’s possible an IPO could occur at the earliest in the first half of next year.
  • Calabria maintains Fannie and Freddie should be treated like banks and have capital requirements akin to the ones the Federal Reserve requires of banks – that is, 4.5% of risk-weighted assets. “How do you get Fannie and Freddie to look no worse than other large financial institutions?” he said.
  • Raising capital is the first step to exiting government control…Calabria wants to see an entirely new housing finance system, both to improve pricing for consumers and to safeguard against another taxpayer bailout.

 

That is an item that should be closely watched.  It must be recalled that Berkshire Hathaway held stocks in the GSEs for years, and then dumped them.  See a report that deals with some of that history, linked below.

 

‘Minorities Aren’t Being Well Served in Housing Finance’ Today, per Mozilo – Former Exec Near Eye of the 2008 Housing/Mortgage Storm

 

Calabria also favors fully privatizing Fannie and Freddie, and hopes Congress will offer additional charters to create more GSEs to foster competition.

There are aspects similar to Senator Mike Crapo’s plan outlined earlier this year, which also aim to place Fannie and Freddie back into privately held hands, add additional GSE charters, and use Ginnie Mae and the full government backstop. Calabria said that Crapo’s plan is a “good framework.”

It can’t be this quasi are you private or you public is there something in the middle,” said Calabria. “It really has to be private capital at risk so the taxpayer is not on the hook… If you have several of these companies you know any one of them can fail and it’s a little less disruptive.”

Calabria admitted that getting Congress to go along with a plan is tough, but he is hopeful and will work toward that possibility. “I think we can come back and try to do that again. I’m hopeful that working with Chairwoman Waters in the House, Chairman Crapo in the Senate, I think that there are some areas for agreement. It’s not going to be easy, but I think that there are some areas we can work on.”

But if lawmakers don’t pass something, he will take action unilaterally. “Well I think I’m actually obligated to,” under the law that established the FHFA, he said. “As far as I see it, I don’t really have any choice but to fix them and get them out because that’s what the statute demands.”

Calabria wants to make sure that Fannie and Freddie play by the same rules as other private sector lenders.  That means that the GSEs should be held to the same rules, including the qualified mortgage (QM) rules.

Qualified mortgage rules went into effect as a result of the housing crisis, with the goal of strengthening underwriting standards for mortgages – except that Fannie and Freddie are exempt from the rule.

Calabria stated that means the GSEs are allowed to make riskier loans than what is allowed under the qualified mortgage rule. He believes the mortgage giants should be subject to the rule and hopes to work with the Consumer Financial Protection Bureau (CFPB) to modify that scenario.

We’re going to continue to have I think to me historically low mortgage rates for next number of years,” he says.

But FBN noted that bringing private capital into the center of the GSE housing finance system could result in higher mortgage rates, because private companies are in business to earn more money.

Calabria is more concerned about affordability due in part to low housing supply. He wants to encourage more single family homes to be built, but also wants to ensure it’s stable and sustainable. “One of the lessons from last time around is we got a lot of people on housing and they weren’t able to stay in the housing,” he says. “So how do we make sure that if there’s another downturn … that homeownership or is sustainable.”

Each of these last views should be considered through what HUD Secretary Ben Cason said last week in New Orleans.

 

 

Oddly, as of this morning at the time shown, Secretary Ben Carson’s address – which was given to MHI members – is still missing from the MHI website.  What is it about that speech that has MHI and the powers that be nervous?

 

HUDSecretaryBenCarsonManufacturedHousingInstituteLogoMHILogoMHISiteSearchMHProNews

That’s a good reason for you to know that address, backwards and forwards. See the link above, and share it with your customers.  Because 15 years after Clayton was purchased by Berkshire Hathaway, manufactured housing is selling fewer homes today than then.  That’s the acid test of fact-based measurement of performance.

3ErasMobileHomesManufacturedHomesManufacturedHousingImprovementActEraSkylineChampionShipmentProductionGraphicMHProNews

In 1998, manufactured homes (MH) outsold RVs by some 3 to 2. In 2017, RVs outsold MHs by some 5 to 1. RVs recovered far more quickly from 2008. The facts raise questions. One, is the effectiveness of MHI as the post-production or ‘umbrella’ association in the country. The other question is more sobering. Has Buffett-Berkshire “Moat” strategies kept manufactured home production at historically low levels to allow a few big boy brands to consolidate others at a discounted ‘value’ by MHI insiders?

That’s this Thursday morning’s first episode of manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Joe Stegmayer, George F. Allen, Manufactured Housing Institute Slogans, Slump, Slurs, Solutions

Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance – Investor Lessons Learned

Manufactured Home Community Case Study, UMH Properties, Lessons for Independent Community Owners, Investors

What the Manufactured Housing Institute (MHI) Said About March 2019 Shipment and Production Data

Nathan Smith, SSK Communities, Manufactured Housing Institute Leader, Profitably Correcting the Record

Bryan Resident Blast Officials “Travesty by Government” – Manufactured Home Ban, Limitations, Update

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

 

 

 

 

 

 

Higher China Tariffs “Hits Home,” Building Impacts Ahead, Per NAHB

May 13th, 2019 No comments


HigherChinaTariffsHItsHomeBuildingImpactsAheadManufacturedHousingIndustryMHProNews600

The cost of building and remodeling is about to rise – again, per CNBC. 

 

Builders from coast to coast, which includes HUD Code and other factory-builders, order products for housing they construct that are often sourced offshore, including from China.

So the tariff and trade war is about to hit home. Some pull quotes from CNBC today.

 

–      From tile to counter tops, laminates to lighting, all the fancy finishings — about 450 of them — are on the list that just went from 10% tariffs to 25%.

–      The additional costs then rose from $1 billion to $2.5 billion, according to an analysis by the National Association of Home Builders.

  • Nearly three out of four remodelers this year reported higher prices for customers due to higher costs for labor, according to a new survey from the National Association of Home Builders.
  • The latest increase in Chinese tariffs is hitting home remodelers where they live, and they are passing those higher costs on to clients.
  • From tile to counter tops, laminates to lighting, all the fancy finishings — about 450 of them, worth approximately $10 billion a year in expenditures nationwide — are on the list that just went from 10% tariffs to 25%. The additional costs therefore rose from $1 billion to $2.5 billion, according to an analysis by the National Association of Home Builders.
  • The increase is on goods shipped starting last Friday, so the hikes will not hit U.S. shores likely until the start of June. This buys negotiators a bit more time. Still, the tariffs are already hurting the remodeling business.

 

  • NAHB’s forecast calls for slowing growth, given declining home price appreciation and existing home sales volume, combined with rising construction costs,” said NAHB’s chief economist Robert Dietz.
  • At Case Architects and Remodelers in the Washington, DC area, CEO Bruce Case was already seeing some clients reduce the size of their projects after the first round of tariffs in order to rein in the budget.
  • At the end of the day, I can guarantee you the price of every project we do is going to go up,” said Case.
  • So it’s probably about a 7-8% increase to the consumer, and I would love to be able to eat some of that, but at this point I don’t know a way to engineer around that, to use different products that aren’t affected or anything like that,” Case said.
  • Builders were already struggling with a labor shortage, which also cost them more, and that is also getting worse. Nearly three out of four remodelers this year reported higher prices for customers due to higher costs for labor, according to a new survey from the NAHB.
  • Higher costs for both materials and labor are causing some consumers to reconsider their renovations. Case said the size of the average project went down dramatically last year, as consumers tried to cut the budget.
  • That’s my concern for this industry, we’re going to price ourselves out of the market,” said Case.
  • A real concern that hits home.

That said, there are flip sides to these points that CNBC’s report doesn’t address at all.

Manufactured housing sellers who are creative and successfully target the site-built buyer could stand to gain from these trade moves.

This news is one more reason why manufactured home pros need to dive deeply into HUD Secretary Ben Carson’s recent address.  In several ways, it points the path ahead for the industry’s professionals and investors.  At least it will for those who spotlight and tap into its power.

 

HUDSecretaryBenCarsonAffordableHousingSupplyDemandCostSavingsFHFAAppreciationSustainableOwnership5000renters200000OwnersQuotesMHProNews

To see Secretary Carson’s entire address, click here.

 

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

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

WSJ Blames Trump Tweets for Blowing Up U.S.-China Trade Talks, Plus MH Market Updates

 

Dr. Ben Carson Secretary of Housing and Urban Development Manufactured Housing Conference Remarks New Orleans, Louisiana, Hyatt Regency Hotel, May 7, 2019

Declining Manufactured Home Shipments More Serious Than Retailers, Communities Being Told

 

 

 

 

 

 

 

Senator Cory Booker – ‘We Need a President…to Enforce Antitrust Laws,’ Digging Warren, POTUS Trump

May 13th, 2019 No comments

 

SenCoryBookerWeNeedAPresidentToEnforceAntiTrustLawsDiggingElizabethWarrenPOTUSTrumpManufacturedHousingMHProNews

Still frame from video, posted below. The text graphics are by MHProNews.

I don’t care if it’s Facebook, the pharma industry, even the agricultural industry. We’ve had a problem in America with corporate consolidation that is having really ill effects,” New Jersey Senator and 2020 Democratic Nomination contender Cory Booker said in an interview for ABC News “This Week.”

 

It’s driving out the independent family farmers. It’s driving up prescription drug costs. And in the realm of technology, we’re seeing…one or two companies controlling a significant amount of the online advertising.” he continued.  Booker’s comments come on the heels of Facebook’s co-founder and former chief executive Chris Hughes’ publicly calling for the breakup of Facebook, see that and other former FB insiders comments, linked here.

IfMHProNewsIswritingAboutItIWantToKnowAboutItQuote

Executive level readers comment.

Tens of thousands of manufactured home industry professionals use Facebook daily.  But the issue of controlling wide swaths of media, or other antitrust concerns that impact manufactured housing, are far broader.

It should be noted that Big Tech, including Facebook’s Mark Zuckerberg are more routinely saying to federal officials, ‘regulate us.’ But as deeply-focused, regular, and longtime MHProNews readers know, that call for ‘regulation’ can be akin to big banks getting ‘regulated’ by Dodd-Frank.  The consequences of Dodd-Frank and the regulations that flowed from it were that smaller lenders got driven out.

Rephrased, a giant firm can better handle regulations, which pushes out smaller ones.  Thus FB’s and Zuckerberg’s – or any other similar call for regulation vs. antitrust law breakup – can properly be seen as a ruse that simply won’t work in practice as it is being promoted.  It’s a false flag solution to a real and pressing issue of the growing monopolization of America.  It is possible to posture opposing a big company, but de facto take an action that helps it, rather than controls or breaks it up.

 

Booker on Antitrust, President Trump and Elizabeth Warren

If I’m president of the United States, I will have a Justice Department that uses antitrust legislation to do the proper investigations and to hold industries accountable for corporate consolidation,” Senator Booker said to ABC’s Jonathan Karl.

Booker said he believes in “process,” and in this ABC News video delivered a not too subtle elbow at both fellow Democratic contender, Senator Elizabeth Warren (MA-D) as well as GOP President Donald J. Trump.

In early March, fellow 2020 Democratic candidate Sen. Elizabeth Warren called for the breakup of Facebook, Amazon and Google. MHProNews and MHLivingNews have spotlighted Warren’s more aggressive posture on antitrust than some of her fellow Democrats.

As these companies have grown larger and more powerful, they have used their resources and control over the way we use the internet to squash small businesses and innovation, and substitute their own financial interests for the broader interests of the American people,” the Massachusetts Senator Elizabeth Warren wrote. “To restore the balance of power in our democracy, to promote competition and to ensure that the next generation of technology innovation is as vibrant as the last, it’s time to break up our biggest tech companies.”

The arguments being made by these and some other Democratic and GOP voices could be applied to Berkshire Hathaway, Clayton Homes, and their top manufactured home lenders.  It could be applied to Microsoft.  Thus an apt battle cry could be #DeFaangBM. Break up the FAANG companies, plus Berkshire and Microsoft.  These are important places to start the restoration of a more truly free marketplace in the U.S.

 

DeFaangBmAntiTrustOpenMarketsAffordableHousingManufacturedHomesHousingChoiceMHProNews

 

Booker said he doesn’t “think that a president should be running around, pointing at companies and…breaking them up without any kind of process here.”

It’s not me and my own personal opinion about going after folks. That sounds more like a Donald Trump thing to say, like, ‘I’m going to break up you guys, I’m gonna break’ — no.” He deflected the point that it was Senator Warren saying that, not President Trump. “Well, that’s what she’s saying. She’s the one that’s saying that,” ABC’s Karl said.

Booker deflected, saying it was up to Senator Warren to discuss her positions.

I’m telling you right now, we do not need a president that is going to use their own personal beliefs and tell you which companies we should break up,” he said. We need a president that’s going to enforce antitrust laws in this country, and I will be that person.”

 

 

Given the crowded nature of the 2020 field, with about 21 Democrats currently in contention, and Howard Schultz possibly moving towards an independent run, hopeful’s like Booker are looking for media oxygen as well as financial support to sustain their White House ambitions.

 

The Issue of Antitrust, America, and MHVille

Both sides of the major party political aisle have allowed antitrust laws to languish, certainly since the 1990s.  As it is becoming obvious to both the left and the right, there are increasing calls to act in a way that will benefit the economy, jobs, and ultimately the vast majority of the people. ICYMI, or need a refresher, a useful overview was provided in the article linked below.

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

 

President Trump’s White House let it be know that an executive order on antitrust was drafted last year. His campaign manager has also talked about the threat posed by big tech. See more on that, in the related reports, below the bylines, notices, and offers.

While POTUS Trump has not yet acted, in fairness, it was only recently that the Mueller report came out, which lifted the cloud of baseless ‘Russian collusion’ that acted as a drag on his presidency, especially during his first year in office. It now remains to be seen what he will do with the remaining two years of what he hopes will be his first of two terms at the helm in D.C.

Given the significant extent to which consolidation has been impacting manufactured housing independents and manufactured home community residents in recent years, the interest in this issue is and should be high among industry professionals.

See the related reports, which includes the ‘November Rain’ address by the Trump DOJ’s top antitrust watch dog, further below.

It is difficult to imagine how an investor or professional in manufactured housing can begin to properly grasp the market without having a firm handle on the trends toward monopolization.  That means one must also understand what are the root causes of that trend.  The related reports reveal that it is an issue that spans the left-right divide.  There is oddly no one else in manufactured housing trade media that focuses on this issue, perhaps because they are de facto mouthpieces for the Omaha-Knoxville-Arlington axis?

It’s “Monday, Monday.” Will it be good to thee?  That’s this pre-dawn edition of the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance – Investor Lessons Learned

 

Nathan Smith, SSK Communities, Manufactured Housing Institute Leader, Profitably Correcting the Record

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

Manufactured Home Community Case Study, UMH Properties, Lessons for Independent Community Owners, Investors

 

Declining Manufactured Home Shipments More Serious Than Retailers, Communities Being Told

Warren Buffett, Charlie Munger Video Interview at Berkshire Hathaway Annual Meeting on GSEs Lending for Affordable Manufactured Housing and Clayton Homes

George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

Warren Buffett’s Profitable Lessons for Manufactured Housing

“November Rain” – DoJ’s Top Antitrust Cop – Assistant Attorney General Makan Delrahim ABA Speech on Antitrust Enforcement for Americans

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

Brad Says POTUS Trump is Right: More than Facebook & Twitter, Google Threatens Democracy, Online Freedom

Restraint of Trade, Manufactured Housing Institute, Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, and Antitrust Law

Former Starbucks CEO Howard Schultz hires ex-Obama aide for Communications, Does Independent Run Hurt Dems or POTUS Trump More? Plus MH Market Updates

Lina Khan, AntiTrust Legal Queen, Set to Join Democratic Staff, FAANG & BM, Beware – Plus MH Market Updates

 

“Lead, Follow … Or Get Out of The Way”

 

 

 

 

 

 

 

Sales Topped $1 Trillion Dollars, Volume Car Dealers – When Automotive Pros Enter Manufactured Housing

May 7th, 2019 No comments

SalesTopped1TrillionDollarsVolumeCarDealersWhenAutomotiveProsEnterManufacturedHousingMHProNews

The full 2018 review features the many major milestones achieved by the retail auto industry last year, including such highlights as: The nation’s 16,753 franchised dealers sold 17.22 million light-duty vehicles. Total new-vehicle sales topped $1 trillion,” said NADA.

 

That means the typical new car dealer or retailer sold an average of 1,027.88 new units each.

 

That 85.66 units a month per dealer.

That’s more than numbers of manufactured home retailers sell annually.

To be sure, manufactured home sales are more complex than automotive.

  • The car, truck, minivan, or SUV is driven off the lot.
  • By contrast, the manufactured home must be scheduled.
  • Sites must be checked and prepared.
  • A transporter – ‘totter’ – must get the route and related paperwork ready for delivery.
  • Installation crews meet or greet the home. If it is a multi-sectional, those marriage lines must be properly mated.  The supports, anchoring systems, adjustments – the list of necessary details goes on. Manufactured housing is in those ways more demanding.
  • That said, there are aspects of the automotive retail model that properly applied to manufactured housing could yield more profits per unit. That’s one of the reasons why Jim Clayton left the car business for manufactured housing.

 

Systems must be in place in both the automotive and manufactured housing worlds. The car dealership owner – if they ever got the burn – could rapidly learn to run rings around many a manufactured home retailer, no matter how big the company.

It’s happened before.  One well known example?  Jim Clayton, founder of Clayton Homes.

Here’s what a trillion dollars looks like, in a step-by-step infographic.

 

1TrillionDollarInfographic$100BillsMillionsBillions

 

There are several ways that either manufactured home professionals and/or automotive gurus could take manufactured housing sales to the next level at the local market.

Imagine those volume dealers and/or their methods being used by honorable, committed manufactured housing professionals in select local markets.  It would be a revolution in the current era.

To grasp the upside potential of our industry, consider the following statistics and pull-quotes.  The industry’s potential can arguably only be tapped when enough retailers learn to sell in the kinds of numbers that auto dealers already do. Focus on Andrew Beebe’s comment, and then ponder the other comments more closely.

 

2018DataShareofHousingMarketManufacturedHousingInfographicDailyBusinessNewsMHProNews612

 

Problems are opportunities in disguise.

WhenWrittenInChineseCrisisComposedTwoCharactersOneDangerOtherOpportunityJohnFKennedyQuoteMHProNews

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

Unlike cars or RVs, there is often no need to have huge inventories.  The margins can be better.  Properly planned and executed, it could rival the results of auto dealers.  “Among the projects we’ve been involved in, there was a community operator that documented 75 sales – sales, not leases – in a 90 days time frame,” said L. A. ‘Tony’ Kovach.  “If that can be achieved in a land-lease, why not more at a retail center?”

That’s this afternoon’s look at “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” ©

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

 

Not Renaming Manufactured Homes, Redefining Manufactured Homes – Tiny House Lessons Learned

“Out-Performing the Market” Robert Robotti, Value Investing, and Manufactured Housing

 

Warren Buffett’s Profitable Lessons for Manufactured Housing

Declining Manufactured Home Shipments More Serious Than Retailers, Communities Being Told

 

 

 

 

 

 

HUD Secretary Carson on National TV, Touting Manufactured Housing, More Jobs & Investment Opportunities

May 3rd, 2019 Comments off

 

HUDSecretaryBenCarsonFoxNewsNationalTVManufacturedHomesManufacturedHousingJobsInvestmentsOpportunityZonesMHProNews

For over a year, the Daily Business News on MHProNews has been virtually alone in the industry’s trade media in periodically spotlighting the Opportunity Zones that were part of the Trump Administration tax and economic stimulus plans. Given the nation’s complex ‘carrots and sticks’ federal tax system, the Opportunity Zones are a plan that provides significant incentives to invest in thousands of locations in the states and Puerto Rico to create new private-sector investments that would generate those coveted ‘higher paying jobs.’

 

 

Last week, HUD Secretary Carson made an appearance on Steve Hilton’s “The Next Revolution” on Fox News, to discuss details to those Opportunity Zones.  Carson chairs a team on that initiative, but what made this interesting that in the context of that discussion, he raised the issue of manufactured homes. The secretary’s comments were positive, useful for the industry, and occurred in the back half of this under 7-minute video interview.

Taken in conjunction with Secretary Carson’s positive comments to the Manufactured Housing Consensus Committee reported first exclusively here on MHProNews, they are an obvious part of the case to be made to promote the manufactured housing industry’s long-overdue recovery.

Those positive comments by Secretary Carson to the MHCC are now found on the Manufactured Housing Association for Regulatory Reform (MHARR) website, at this link here, as part of their new and more detailed Washington Updates report.

Since the Manufactured Housing Institute (MHI) was also at that same event, why are Secretary Carson’s comments missing from their website?

 

SecretaryCarsonMHCCThomTillisSteveHiltonVideosManufacturedHousingInstituteLogoMHIlogo2019-05-03_1931MHProNews

 

There are 4 articles on MHI’s website that mention Secretary Carson, but none of them are recent or mention Manufactured Housing, the MHCC comments, or the opportunity zone topic.  They put it out to their members via email.  So why not post it on their website, where the world will see it?

What about MHI’s social media?

There was nothing on Twitter from MHI on this topic.  On April dates before or since the date of the broadcast on Fox News of Secretary Carson, there were lots of pretty photos.

Here below are two examples.

PalmHarborNationwideMHIFBLogopage2019-05-03_1915DailyBusinessNewsManufacturedHOusingMHProNews

But once more, no actual, substantive comments from MHI about the Steve Hilton interview with Carson. Why not?  Why does MHI tout the Carson comments only in their email to their own members?

Singing to the choir is fine.  But isn’t it the broader national audience that needs to be converted to the notion that manufactured homes are a solution?

SenatorTimScottOpportunityZones$6TrillionHUDSecretaryCarsonManufacturedHousingMHProNews

The numbers for March 2019 manufactured home shipments are in.  They are down once more, for the 7th month, as recent signals from MHProNews reflected.  We’ll have our report on Monday.

Factory backlogs from a Clayton plant and others are reportedly down significantly from this time last year. That may signal that this down-trend will linger.

 

MHILogoPleasantValleyHomesWrapAroundPorchMHIFBpage2019-05-03_1919DailyBusinessNewsManufacturedHOmeIndustryMHProNews

 

Regardless of what the powers-that-be may wish to posture or claim, the downturn can’t be pawned off on FEMA, inventory adjustments, or any other excuse. Yes, the John Oliver “Mobile Homes” video is recent.  The impact on the market is not yet known, but are we expecting it to boost sales?

The reality is that manufactured housing has had more problematic news for years than positive news.  MHI’s prior chairman admitted that there is a case to be made to respond to every bad news report.  Why is it that MHI has failed to do so?

ManufacturedHmeIndustryAchieveGreatPotentialAddressingResolvingCauseCorePerceptionIssuesLATonyKovachQuotePresentationPhoto

If retail demand and wholesale orders for more rental homes were there, orders and production from factories would obviously be rising.

Back to Secretary Carson.

Per Steve Hilton’s interview YouTube page, the interview focused on “Ben Carson on Trump administration efforts to boost economic development in distressed areas. Carson also discusses the Department of Housing and Urban Development’s new ‘opportunity zones’ program.” But as noted, Dr. Carson ties those zones directly in with the home ownership and the role that manufactured homes should play.  That ought to be celebrated and spotlighted by industry professionals, not just here on MHProNews, but throughout the industry – and to the public at large.

Our platforms have and will publish this for the professional and the public.  Will others follow suit?

The HUD code home industry has perhaps the friendliest voice in Secretary Carson since the Manufactured Housing Improvement Act of 2000 (MHIA) was passed. Yet, both Democratic and Republican administrations have failed to fully and properly implement the MHIA 2000, and MHARR recently noted in a document to Secretary Carson, linked here.

MHI and their apologists need to carefully digest what the MHARR said in the 3 reports, linked below.

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

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

“Lead, Follow … Or Get Out of The Way”

 

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

“The Illusion of Motion Versus Real-World Challenges”

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

 

 

 

 

 

 

 

 

 

Governor Signs 18’ Wide Single-Section Bill

May 3rd, 2019 Comments off

GovernorSigns18WideSingleSectionBillMHAODailyBusinessNewsMHProNews

The first session of the 57th Oklahoma Legislature completed its third month last week as the Senate and House completed hearing bills on the floor of their respective chamber by the April 25 deadline,” said the Manufactured Housing Association of Oklahoma (MHAO).

 

Governor Kevin Stitt has signed the bill that makes 18’ single sections legally transportable in Oklahoma.

On [April] the 26th Governor Stitt signed HB 1217 which will allow homes not exceeding 18 to be transported upon the Interstate/Defense Highways, effective November 1st,” said the MHAO.

An 18’ wide single section can rival the size of a modest multisectional, without additional installation costs needed for two sections.

 

18WideManufacturedHomeFloorplanSouthTexasMHDailyBusinessNewsMHProNews600

An example of an 18’ floorplan is shown.

Governor Kevin Stitt and legislative leaders are continuing to negotiate the FY20 state budget and an agreement could be announced in the very near future. Sine Die is May 31 by 5:00pm, however depending on the timing of the budget agreement, it is possible legislators will adjourn earlier than that day,” said MHAO.

That said, and while this is useful, the industry is still down from 2018.  See related reports, further below.

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

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

 

 

 

 

 

 

Cowards, How Winning Is Done, and Manufactured Housing

May 3rd, 2019 Comments off

 

CowardsHowWinningIsDoneManufacturedHousingMHProNews

There are all kinds of fights and battles. Some are physical. Others are mental. Still others are bruising business battles or political brawls.

 

You don’t have to be a boxing fan to love some of the underlying themes in the Rocky series of movies.  As Rodger Castro said about the clip below those… “4 minutes taught me more about life than 4 years of public education.” No wonder various versions of this video clip on YouTube have had about 20 million (+/-) views. 

 

 

 

 

There are independents who will quickly get the message from the Rocky clip above.

In fairness, there are also people that work for one of the big boys, or who are in an industry nonprofit, who don’t like what top management or ‘leadership’ does, and they will get the powerful meaning too.

Our industry is underperforming. That’s what the facts reflect.

It is outrageous that some even dare posture any kind of defense or excuse for what’s occurring. They must think you or we are stupid.  We’ve laid out the data, research, trend lines, and logic that explains why MHVille is a shadow of what it could or should be.

  • That means that arguably, among many things, that scores of investors in public companies are getting scammed, to the precise degree that a given company’s upper management is ‘in on it.’
  • Or if you are in sales, you should have people lined up at the door eager to buy, instead of having to chase that customer that just cancelled because they watched John Oliver’s viral “Mobile Homes” video.

Candidly, just when we think we’ve got it figured out, some new tip comes in that sheds fresh light. What we do for our industry here could not occur without a routine series of tips and comments, on or off the record, often from insiders in the industry. We can’t thank our sources enough, and neither can our readers truly repay that debt.

It’s all about team work from pros who dare enough to care enough.

There are comments from inside federal agencies. There are tips from inside companies or associations. Investors have shared comments and insights too.

 

SubmitNewsTipsCommentsLettersToEditorMHProNews

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

 

It’s not how hard you get hit, it’s what happens after you are hit.

Here, we keep getting up, dust ourselves off from the slings and arrows of outrageous fortune, march back in and keep mixing it up. Because we try, we know we can look you in the digital eyes to say that you can do your part too.

Just walking back into the batter’s box can be huge. That’s a key part of how winning gets done!

We are all either part of the problem or part of the solution. The industry will not resolve its issues without dealing with its core issues. Odds are, you already know who the sell outs and Quislings are.

Don’t be one of those that just go along to get along. Do whatever you can. Reach out via the news tips link above or below.

Finally, if you aren’t already part of our industry leading 2x weekly emailed headline news, sign up in seconds at the link here or below. April was awesome readership.  Join the others who get and stay informed.  Give more tips to get more and better results. Together, we can fix the industry’s internal woes. “We Provide, You Decide.” © ## (News, commentary, analysis.)

(See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them. Third-party images and content are provided under fair use guidelines.)

LATonyKovachQuoteManufacturedHousingIndustryWontReachPotentialAddresscoreIssuesArtificallyholdingitback466By L.A. “Tony” Kovach – for MHProNews.com.

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

 

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

 

Related References:

The text/image boxes below are linked to other reports, which an be accessed by clicking on them.

 

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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