Posts Tagged ‘market’

Fed’s Powell “Remarkably Positive Outlook,” Plus Manufactured Housing Market Updates

October 2nd, 2018 Comments off

CNNmoney10.1.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere is a steady stream of positive economic, consumer confidence, business and investor confidence news. The positive economic news stands in stark contrast to the roughly last 9 years before the 2016 election, when huge borrowing and a series of “QEs” – “Quantitative Easing” – artificially propped up an economy that was being strapped down by heavy regulations and taxes too.  Today, Federal Reserve Chairman Jerome Powell talked at an economic forum about the economic outlook, which will be our focus report for this evening.


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

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

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

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

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

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


Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.


Select bullets from CNN Money…

  • Tencent Music plans to go public on US exchange
  • The markets are soaring. How should investors play it?
  • A llama, bagel and frisbee: Apple’s new iOS 12.1 emoji
  • Tesla calms fears with strong sales numbers
  • Uber hires Expedia exec to fill HR role
  • Volkswagen dumps jailed Audi CEO amid emissions probe
  • Can GE’s new boss right the ship?
  • GE unexpectedly removes its CEO
  • Goldman Sachs’ new CEO has a lot of work to do
  • Goldman Sachs slants research to help Democrats, top White House adviser says
  • New York Times says it was a mistake to enlist writer who posted anti-Kavanaugh tweet to report on him
  • Microsoft co-founder Paul Allen is being treated for cancer
  • Stocks pop after new US-Canada-Mexico deal
  • Jemele Hill is joining The Atlantic
  • Don’t fall numb to this Facebook hack
  • There was only one White House press briefing in the entire month of September
  • California has a new law: No more all-male boards
  • Katie Couric: News need more diversity at the top
  • Washington Times settles lawsuit with Seth Rich’s brother, issuing a retraction and apology
  • California just passed its net neutrality law. The DOJ is already suing
  • Elon Musk agrees to pay $20 million and quit as Tesla chairman
  • Facebook hack exposed 50 million users’ info
  • New York DA probing allegations of sexual misconduct at CBS
  • Murdoch family made big money off the Disney-Fox deal
  • SEC charges LendingClub unit with mishandling investors’ money
  • 10 years after the crisis, some investors are still scared of stocks
  • Amazon’s newest physical store has a twist
  • JCPenney now has no CEO or CFO
  • These 3 startups are here to save local news in their communities
  • Ted Turner reveals he has dementia
  • How to catch up on retirement savings in your 50s

Select Bullets from Fox Business

  • Dow continues to rally, climbs to new record
  • Online sales taxes take effect in these states
  • High-tax New York towns to battle IRS over SALT cap workaround
  • What went wrong at General Electric
  • Why these stores will be closed on Thanksgiving
  • Amobee CEO Kim Perell, a self-made millionaire, reveals the secret to success
  • The Air Force is getting a new uniform
  • As a newly-minted US citizen, I did not sign on to the rule of a Democrat mob: Varney
  • C. Penney taps Jill Soltau as new CEO to lead turnaround
  • CEO departures are on the rise. Here’s a list of the big ones
  • New trade deal unites US allies against China: Kevin Hassett
  • The key parts of Trump’s new trade deal with Canada, Mexico
  • Wilbur Ross: New NAFTA deal a ‘win’ for US dairy
  • Auto sales dinged as interest rates spike
  • Musk tells Tesla employees to prove ‘naysayers’ wrong
  • Delta partners with CarePod to improve pet travel
  • Fed reportedly reconsiders standards of a big bank
  • Facebook could face massive fine in Europe after data breach
  • Amazon raises minimum wage to $15 for US employees
  • NASCAR Cup Series race team is a family affair
  • TriStar Motorsports keeps a family tradition alive at the racetrack.


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



Manufactured Housing Composite Value (MHCV)


Today’s Big Movers

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

Today’s MH Market Spotlight Report –

Among the points that left-of-center CNBC rarely mentions when it comes to the FED and the economy today vs. the Obama era is this.  QE was a fancy phrase for ‘printing money’ by the FED. It was an artificial way of propping up the economy.  Besides all the positive economic news, often overlooked is the fact that the Federal Reserve has been “unwinding” those holdings that kept the markets artificially higher.

Wolf Street, not CNBC, reported in August that “The plan calls for shedding up to $420 billion in securities in 2018 … Since the beginning of the QE-Unwind, the Fed has shed $129 billion in Treasuries. … In total, $61 billion in MBS have been shed since the beginning of the QE unwind.” 

That’s arguably another example of how a media outlet’s hidden agenda can subtly-to-boldly ‘spin’ the news.  It’s one of several reasons why MHProNews cites headline bullets each evening from CNN Money and Fox Business, which at least provides some balance to the otherwise hyper-partisan way that news is often reported.

That said, let’s look at what CNBC said this evening about Chairman Powell’s comments.


  • Federal Reserve Chairman Jerome Powell cited a “remarkably positive outlook” for a U.S. economy enjoying both low unemployment and inflation.
  • A reporter asked Powell after last week’s Fed meeting whether the outlook was too good to be true,” and he said it was “a reasonable question.”
  • In a speech Tuesday, the central bank chief said the jobless rate is running at 3.9 percent and inflation is around the Fed’s goal of 2 percent. Historically, low unemployment has fueled inflation and sometimes has forced the Fed into hiking interest rates rapidly.
  • While these two top-line statistics do not always present an accurate picture of overall economic conditions, a wide range of data on jobs and prices supports a positive view,” Powell told economists at a Boston conference. “In addition, many forecasters are predicting that these favorable conditions are likely to continue.”

Related Reports:

Near All-Time Record, Confidence Means MORE Sales and Business

USMCA: President Trump Announces NAFTA Replacement Promise Made, Kept – Stocks Soar, plus MH Market Updates

“Results vs. Resistance,” Cutting Fog with Facts for MHVille


Bloomberg Closing Ticker for MHProNews…

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

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

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


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

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

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

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

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

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

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for

Freedonia Group’s Comprehensive Incursion into Manufactured Housing

July 24th, 2018 Comments off



The truth is often hiding in plain sight. Who says?


 Sometimes the best hiding place is the one that’s in plain sight.” – Stephanie Meyer, per AZ Quotes.


I’ve found that wherever there is one cockroach in plain sight, many more are lurking behind the corner out of view.” – Harry Markopolos, according to AZ Quotes.


The most dangerous and successful conspiracies take place in public, in plain sight, under the clear, bright light of day — usually with TV cameras focused on them.” – L. Neil Smith, per AZ Quotes.


The Freedonia Group is one of several deep incursive dives into manufactured homes (MH) and other types of prefabricated housing. This Daily Business News analysis uses their public data, and is not to be construed as an endorsement – or questioning – of either their statistics or methods.

Rather, what this Daily Business News report will do is examine what Freedonia said about the manufactured housing industry in their own words, along with what they see as MH potential, and trends.



From Freedonia, provided under fair use guidelines.

Manufactured Housing Industry Continues to Consolidate – “Destabilizing  

The name of their article – which was brought to the attention of MHProNews last year by several emails and other electronic tips – is “Manufactured Housing Industry Continues to Consolidate.”

They pointed to the Manufactured Housing Institute (MHI) as their source for saying:

Manufactured housing is a significant portion of the US housing market, making up about one-tenth of new single-family housing in recent years.  However, the industry’s slow recovery from the economic recession and decreased access to credit for buyers has limited growth in demand for new units and created a competitive environment among producers; one that is destabilizing for many small manufacturers,” wrote Mariel Behnke.

Behnkeis an Industry Analyst at The Freedonia Group, where she covers the US and global construction and consumer products industries,”  stated Freedonia’s brief bio of their author.

As a result of the “destabilization,” Freedonia said, “Consequently, the industry has become increasingly concentrated as small producers close or are acquired by larger manufacturers.  In 2015, the three largest producers of manufactured homes controlled over 70 percent of the US market, a share that has grown in recent years.”


As MHProNews has previously reported, with the recent merger/acquisition of Skyline and Champion – the top 3 producers in the summer of 2018 – reportedly hold some 80 percent of the HUD Code manufactured housing (MH) industry’s production capacity.



Composite collage from LinkedIn.


Cavco Industries Market Share Expansion

In 2015, Cavco Industries acquired Fairmont Homes, a significant producer of manufactured homes in its own right.  The acquisition helped Cavco Industries expand its position in the Midwest market through Fairmont Homes’s manufacturing locations in Indiana and Minnesota.  Because of its visibility in the industry, Fairmont Homes continues to operate as an independent brand.  Cavco Industries also acquired Chariot Eagle, a smaller producer of manufactured homes and recreational vehicles with operations in Florida,” said Behnke.

These acquisitions have allowed Cavco Industries to position itself as one of the country’s largest producers of manufactured homes.  Additionally, they have allowed Cavco Industries to become more horizontally integrated, expanding its offerings of both modular homes and recreational vehicles,” according to Freedonia’s research.


Clayton Homes Acquires Producer and Retail Locations


Click the above to learn more.

Clayton Homes, a subsidiary of Berkshire Hathaway, made several small acquisitions during 2016, expanding both its leading market position in manufactured home production and its network of company-owned retail locations.  In April 2016, the company purchased River Birch Homes.  Its plant became Clayton’s 37th operating manufacturing facility and offers a strategic location in Alabama, near several of the country’s largest state markets for manufactured homes.  In 2016, the company also acquired two distributors, adding a total of seven retail locations to its network of over 300 company-owned outlets,” per Freedonia.


Freedonia’s Projections for MH?

Growth in manufactured home shipments is expected to lag that of the overall single-family housing market. While single-section manufactured homes,” said Behnke, “which saw their share of manufactured housing shipments rise during the economic downturn can expect stagnant change through 2020, shipments of double-section manufactured homes are expected to see relatively healthy gains, and will account for over three-fifths of all manufactured housing shipments in 2020. Manufactured homes with three or more sections will remain a marginal share of the market.”

While one can debate the projections, Freedonia said: “Ongoing growth in the housing market will support rising demand for prefabricated housing – the penetration rate of prefabricated housing units in the general housing market is expected to decline slightly going forward. 

They said much more, and for $4,600 someone can purchase their full ‘deep dive’ report. Why does Freedonia say their research should be trusted?


The above is from Scholastica “Gay” Cororaton’s newly updated NAR research report, to learn more, click here. What Freedonia’s research, NAR or others should spark is this question. With facts so strongly in favor of manufactured housing, and the need is so great in almost every market, why are new manufactured home shipments still so low?


About the Freedonia Group

The Freedonia Group is a leading international industry market research company that provides its clients with information and analysis needed to make informed strategic decisions for their businesses. Studies help clients identify business opportunities, develop strategies, make investment decisions and evaluate opportunities and threats. Freedonia research is designed to deliver unbiased views and reliable outlooks to assist clients in making the right decisions. Freedonia capitalizes on the resources of its proprietary in-house research team of experienced economists, professional analysts, industry researchers and editorial groups. Freedonia covers a diverse group of industries throughout the United States and other world markets,” per the company.

Freedonia’s literature also notes that they’re a division of, “With offices in London, New York City, and Washington D.C., is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, offers instant online access to the world’s most extensive database of expert insights on industries, companies, products, and trends.”


Why Does it Matter to MHVille, or Investors?

The short answer is that Freedonia’s data largely parallels the conclusions of distinct and similar information previously researched and reported by MHProNews.

Nor are Freedonia or MHProNews alone. 

  • GuruFocus went a step beyond, and pointed to Berkshire Hathaway and their manufactured housing brands Clayton Homes, et al, as being examples of Warren Buffett’s “strategic Moat” as a means of creating a monopoly. 
  • The Seattle Times expressed it differently, but likewise thinks their brands behave as a monopoly.  The Seattle Times said several federal investigations against Clayton and Buffett’s Berkshire brands are underway.


The Atlantic reported on and projected years ago the continued consolidation of the industry, which Freedonia now recaps.


The Nation cited Warren Buffett and Clayton Homes as monopolistic, as has CFED turned Prosperity Now in calling their lending arms 21st Mortgage Corp, and Vanderbilt Mortgage and Finance (VMF). monopolies in American Banker.  That’s one MHI’s Lesli Gooch leapt to defend against. So why hasn’t so Gooch or anyone else at MHI tried to publicly defend or debate that claims and allegations published here?

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

No guts, no glory.  The Urban Institute asked some of the same questions we do, only they came to a slightly different conclusion.  They also failed to mention their ties to Buffett, or that MHI and Clayton had taken part as undisclosed sources in their report. Coincidences?

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

Maxine Waters and other Congressional Democrats called Clayton and their lenders a “near monopoly,” and leveled charges of racism, the later charge Clayton denied.



See report, linked here. U.S. Representatives Maxine Waters (D-CA), Keith Ellison (D-MN), Emanuel Cleaver (D-MO), Mike Capuano (D-MA). Image credit, Twitter, Wikipedia.

What all of these threads – knowingly or not – point to similar conclusions to what MHProNews has been independently analyzing reporting and for MH industry readers and researchers for some time now. 

Thus, the growing number of such reports makes it increasingly difficult for those in MHI or with a Berkshire brand to deny what so many see as the self-evident truth.


This document was provided as a news tip to MHProNews. To see Smoking Gun 3, click below.

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



While several media outlets have reported on the apparent monopoly so many a allege, to date, only MHProNews has documented how that Berkshire strategic moat has worked in practice. Tim Williams, Warren Buffett and Kevin Clayton – and MHI – supplied the evidence, using their own words.

While some outside media and sources in or out of the HUD Code manufactured home industry have called the Manufactured Housing Institute (MHI) a tool of Berkshire, what they have not yet done is verify that most state association executives are unwilling to publicly contradict any MHI dictum.

The reasons, later confirmed by additional industry sources, are in the Gold Rules report linked above.


The Bottom Lines?

While the Manufactured Housing Association for Regulatory Reform (MHARR) has raised similar issues, most of the industry’s trade media are largely silent on the topics of consolidation and control of the industry.

Only MHProNews has provided the documents and videos that spell out in

   Warren Buffett’s,

   Clayton CEO Kevin Clayton,

   21st Mortgage CEO and former MHI Chairman Tim Williams

    each in their own words – describe how choking off capital and credit arguably forced the consolidations that Freedonia or others cited above have noted.  See the charts, videos and links from this article for more insights, evidence, and details. 


Hiding in Plain Sight

So isn’t all of that the uncomfortable truth, hiding in plain sight?

MHVillage, has debatably become a de facto publishing mouth piece for MHI.

Frank Rolfe, who previously criticized MHI, stopped doing so. Did it have anything to do with Berkshire Hathaway brands upping their financial connections with “Frank and Dave” Reynolds trade communications, and related operations. Was it a coincidence that more cash brought about their silence?

Frank Rolfe Blasts MHI for Poor Media Engagement, Industry Reactions

Other trade voices have been previously examined by MHProNews. One trade publisher frankly admitted to the Daily Business News that what we publish is what others of thousands are talking about, but no one else will write about as we have. 

Another publisher said just last week that he liked our new format. But they’re getting apparently paid by MHI, and so they too are largely silent on the topics which matter to independents. 

Two state associations, not as beholden to Berkshire as others, quit MHI last year, and are now formalizing a new national trade body for communities.  That’s a vote of no confidence.

New Manufactured Home Industry National Association Related Statements

Isn’t the truth about MHI acting as a tool for domination – by what MHI award winner Marty Lavin called “the big boys” – increasingly self evident?

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

That’s a question Freedonia didn’t publicly answer. But isn’t it a reasonable conclusion, based on growing consolidation?

Note again how their research put it, ”…decreased access to credit for buyers has limited growth in demand for new units and created a competitive environment among producers; one that is destabilizing for many small manufacturers,” wrote Behnke.

Isn’t that Smoking Gun 3 in a nutshell? Isn’t the consequence of Buffett’s strategic Moat? 

A new, related Daily Business News report will be forthcoming.

Meanwhile, linked reports will provide details and context found no where else in MHVille, or beyond. 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 and content are provided under fair use guidelines.)  See Related Report, Linked Below.



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

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

2) To provide 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 Resources

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







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

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

Sunday Morning Weekly Recap Manufactured Housing Industry News, October 22 to October 29, 2017

October 29th, 2017 Comments off

Featured image credit, MHProNews.

Tony, every week there is so much that happens, this [The Sunday Morning Headline News Recap] is an easy way for me to review the news, thank you for this [feature] and your team’s coverage of factory-built housing.

Our featured articles for September are available on the home page.

FYI – and ICYMI if you aren’t already on our twice-weekly emailed headline news update, click here to sign up in seconds.

Thousands get our emails, and the open and click through rates – per MailChimp – blow away others in media and publishing.  The reason?  “Relevant!” said a regular on MHProNews.

To see the line-up of over 2-dozen featured articles for the month of September, along with the headline commentary, please click this link here.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©


What’s New On MHLivingNews


October 28th, 2017


October 27th, 2017


October 26th, 2017



October 25th, 2017


October 24th, 2017


October 23rd, 2017


That’s $36,000 plus shipping. While HUD Code homes are still a better cost per square foot, will growing demand reduce the price of such competitors? Isn’t that the lesson of production – more demand, more production, costs decline – with all products?

October 22nd, 2017

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach to the Daily Business News for

Steve Nadel, Executive Director of ACEEE, Marking “Energy Efficiency Day”

October 5th, 2017 Comments off
E:\MH\Daily Business News\6.20.2017\National Home Ownership Month\NationalHomeOwnershipMonthSunshineHomesRedBayALPostedDailyBusinessNewsMHProNews.png

Photo credit, Sunshine Homes, Red Bay, AL. Photo from the Digital Journal, but also found on dozens of other mainstream media and special interest websites.

Today is the second annual Energy Efficiency Day, a time to celebrate the incredible benefits of saving energy,” said Steve Nadel Executive Director of the American Council for an Energy-Efficient Economy (ACEEE).

Energy efficiency is the cheapest, quickest way to meet our energy needs, lower consumer bills, reduce pollution, and boost community resilience,” Nadel told MHProNews in a statement today. “Plus, it’s an economic engine, supporting at least 2.2 million US jobs in manufacturing, construction, and other fields.”


MHProNews – along with our sister trade media site, MHLivingNews – have promoted the benefits of energy savings, and “green” construction in manufactured homes for years.  Editorially, we’ve also noted and respected the rationale of the Manufactured Housing Association for Regulatory Reform (MHARR), which has pointed out the need for consumers and the marketplace – not federal officials – to determine what level of energy savings vs. initial costs makes sense for a given household.

Green, Energy Star HUD Code Builders

There are numerous HUD Code manufactured home producers – such sponsor Sunshine Homes, of Red Bay, AL – that build Energy Star ® rated homes.  Sunshine boasts building only homes that meet those higher standards, while offering residential style homes that are about half the cost of conventional building in the markets they serve.


Other, like the report linked here, are promoting solar units, which are more pricey, but still are finding a market niche.


Photo credits are as shown above, collage and text credits, All third party content is shown under fair use guidelines.

Millennials prefer green, but studies make it clear that there is no age or demographic group that is looking to pay more for utilities.

Hundreds of organizations and companies from around the world are participating in today’s event. More than a dozen cities, counties, and states—from coast to coast—have officially declared October 5th as Energy Efficiency Day,” Nadel said. ## (News, commentary, analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News on

Sunday Morning Weekly Recap Manufactured Housing Industry News August 6th to August 13th, 2017

August 13th, 2017 Comments off

A look at the new home page.

Our new August issue will go live tonight, Aug 6th.   Our featured articles will be available on the home page. Our August theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.


When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©


What’s New On MHLivingNews

Billionaire$ and Millionaire$ Proudly Hang Out in New York Manufactured Homes, Condo Resort

“Po-Dunk” Performer Kid Rock, Eyes Senate Run, Makes Manufactured Home Living 

Rising Renters Nation, Pew Research, Overlooked Affordable Home Ownership 

What’s New On MHProNews

August 12th, 2017


August 11th, 2017


August 10th, 2017


August 9th, 2017


August 8th, 2017


August 7th, 2017


Kid Rock for Senate website = credit.


August 6th, 2017


A New Housing Insurance Market?

March 16th, 2017 Comments off

An unrelated “tiny home.” Credit: Youtube.

Although it’s still considered a small share of the market, the growing buzz around so-called “tiny homes,” has opened up a new market for insurance.

According to Insurance Journal, while enthusiasm does run high, so do the challenges and realities that the tiny home industry, and owners, face: building codes, zoning ordinances, community norms and, insurance issues.

Some of the biggest issues involve building codes that have yet to be standardized and a variety of city and municipality zoning and ordinance regulations on where tiny homeowners can place their dwelling legally,” said Mike Schmidt, business development director for the Tiny Home Industry Association and CEO of Ensemble Ventures, a Colorado Springs business development firm.

As state and local governments struggle with, and have their own rules on, exactly how to classify tiny homes, there continues to be confusion over definitions between RVIA standards (Recreational Vehicle Industry Association) versus International Residential Codes (IRC), which lends to potential challenges around how to insure them.

There’s been some crossover between the two and how you apply insurance to this market is very interesting,” said Schmidt.

There are different types of tiny houses — how they are sited and built, how they are placed, whether they are on a trailer; a lot of things that are evolving and developing.

Additionally, zoning codes and regulations that classify tiny homes as RV’s create an additional set of problems surrounding permanent residency.

HUD basically mandates and specifies that you can’t live in an RV more than 30 days at a time in a fixed location which has really hampered the (tiny home) industry significantly,” said Schmidt.

We’ve spent a lot of time looking at single family homes building, and development lags in the country. There’s a serious need for affordable housing and tiny houses may have a role to play if we can get some of the conflicting zoning and ordinances cleaned up.

As Daily Business News readers are already aware, even though tiny homes may look more affordable on the surface, manufactured housing provides a significantly better value per square foot.



Credit: CJOB.

It appears that changes could be on the horizon, given a recent addendum to the IRC.

The addendum provides architects, designers, builders, community developers and zoning officials a means of recognizing tiny houses as an official form of permissible dwelling,” said Thom Stanton of the Housing Development Institute.

The Insurance Industry

With code and zoning issues, the insurance industry has been slow to move. But one agent has decided to dive in and work to corner the market after meeting one of the earliest adopters of tiny homes.

I met Dee Williams and she talked about the frustration of not being able to find insurance,” said Darrell Grenz, owner of the Darrell Grenz Insurance Agency in Portland, Oregon.

I started going to some of her workshops to learn about the tiny home industry and then one of my clients built a tiny home.


A park model home by Skyline Homes. Park models are being used by some to target the ‘tiny house’ movement. These homes – depending on their size and configuration – may be built to the ANSI or HUD Code.

Then, Grenz was hooked.

It was almost like destiny. My office, located in North Portland, has become a hotbed for the tiny home movement,said Grenz.

But, Grenz ran into challenges as he started calling his carrier reps, as many said no to taking the risk. He finally got a big break, which involved Lloyd’s of London building a program to insure tiny homes.

Even with that success, there’s still concern about agents not having a full understanding of the market.

The problem is that most insurance agents do not understand the differences on all these things (in tiny homes) and the tiny home movement, if it’s really a movement,said Martin Burlingame, CEO of Colorado Springs-based Commercial Insurance Group.

It’s a disaster for insurance because you have agents doing all kinds of crazy things.

The biggest problem when it comes to insurance is whether the tiny home is a permanent residence or a rental property. Many tiny home enthusiasts have taken to the Airbnb-style home venture.

Even though Burlingame says that the market isn’t growing as fast as many would like, he sees the potential.

How the industry evolves over the next few years will be interesting to watch. The evolution reminds him of another emerging market and product evolution: the legal marijuana industry,” said Burlingame.

Why Not Manufactured Homes vs. Tiny Houses?


Several manufactured housing professionals believe that those fascinated with tiny houses ought to be thinking manufactured homes instead.


Brian Cira, photo credit, MHProNews.

Anybody with a brain in their head would look at a manufactured home,” Brian Cira, president, Fairmont Homes, Nappanee, IN said.

We do it much more efficiently, much more smartly. We’ve been doing this for decades. … We could build these [tiny houses] all day long.

For a detailed comparison of tiny houses and manufactured homes, see the article, linked here. ##


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

No End in Sight? Trump Cheers Stock Market Streak

February 16th, 2017 Comments off

President Donald J. Trump. Credit: Business Insider, Getty Images.

With the Dow, NASDAQ, S&P 500 and the Russell 2000 Index all on record winning streaks, many are trying to figure out just how all of this is happening.

President Donald Trump believes that he has the answer.

Stock market hits new high with longest winning streak in decades,” Trump tweeted today.

Great level of confidence and optimism — even before tax plan rollout!

According to Business Insider, the NASDAQ composite index has set a record-high close seven days in a row, which is the longest streak since 1999. Additionally, the S&P 500, the Dow Jones industrial average, and the Nasdaq have all hit closing records at the same time for five straight days, the longest triple winning streak in 25 years.

But the hits don’t stop there.

The markets have not seen a one percent decrease since October 11, which is the longest streak in the last 11 years, and are on the second longest “bull market” run in history, only being outdone by the run from 1987 to 2000.

As Daily Business News readers are aware, consumer, small business and homebuilder confidence are at or above record highs post election, spurred by President Trump’s daily meetings with leaders from all industries and plans for tax and regulatory reform.


Credit, NFIB.

The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers,” said Lynn Franco, Director of Economic Indicators at The Conference Board.

Consumers’ assessment of current conditions, which declined, still suggests that economic growth continued through the final months of 2016. Looking ahead to 2017, consumers’ continued optimism will depend on whether or not their expectations are realized.

The level of confidence is being backed up by hard data, with recently released retail sales numbers also beating expectations.


Donald Trump with Softbank CEO Masayoshi Son. Credit: CBS News.

With taxes, Trump referenced releasing “something phenomenal in terms of tax in the next two to three weeks” while meeting with retail and airline CEO’s last week.

This statement helped to move markets higher, as Wall Street and others anxiously await a detailed tax plan. President Trump has said in the past that he would like to lower the corporate tax rate to 15 percent from the current federal rate of 35 percent.


Juanita Duggan. Credit: NFIB.



We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.

For the recent closing numbers yesterday on all MH industry-connected tracked stocks, please click here. ##


(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Canadian Modular Home Builder Provides Update on African Market Launch

February 2nd, 2017 Comments off

EHT home. Credit: EHT.

Enerdynamic Hybrid Technologies Corp. (EHT) provided an update this week on their Letter of Intent to build 50,000 homes in Ivory Coast for a branch of its military.

In a story covered by Daily Business News writer Matthew J. Silver on December 16th, Maple Leaf Holdings SA, of which EHT is a shareholder, was slated to construct two, three and four bedroom homes utilizing the company’s sustainable Advanced Modular Housing System for Foundation General Akissi, which provides military housing for the government.

EHT tells MHProNews that it was anticipated that the contract for the delivery of 50,000 homes would be finalized in January 2017 for a build-out of 10,000 home tranches with an update to be provided at that time.

As of January 30th, the company and the Foundation have started negotiations on the contracts necessary to begin the project and anticipate finalizing the agreement by early March. EHT has recently completed the installation of two fully equipped housing units, one off-grid/self-contained unit and the second configured as a net-metering system.


EHT Home in progress. Credit: EHT.

We were several weeks behind schedule in the completion of our sample units and the finalization of the contracts for this opportunity due to the holidays,” said EHT CEO John Gamble.

However, we remain confident in our product as well as in our ability to compete and win large housing contracts in West Africa as well as many similar projects around the globe.” ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

A Solution for the Dysfunctional Home Loan Market?

January 25th, 2017 Comments off

Credit: Jack Guttentag.

Mortgages are a complicated thing.

Between bad loan quotes, potentially having to commit in advance of information verification, and “Lock Abuse,” which is a lock price that is above the lender’s posted price at the time of commitment, the home loan market is prime for a change.

Jack Guttentag, also know as “The Mortgage Professor” agrees.

With a new administration in Washington, D.C., the time is ripe to reconsider some fundamental features of our housing-finance system,” said Guttentag.


Jack Guttentag. Credit: Wikipedia.

One weakness is a dysfunctional market structure in which borrowers often overpay, and may not get the type of mortgage that best meets their needs.

In an article published in the Seattle Times, Guttentag also makes a statement that many in the manufactured housing industry would be inclined to agree with.

Note that the mandatory disclosures now administered by the Consumer Financial Protection Bureau (CFPB) prevent none of these abuses.

The solution that Guttentag recommends involves the creation of a multi-lender website, certified by an agency such as the U.S. Department of Housing and Urban Development (HUD), that would allow users to compare posted prices of multiple lenders, uniformly formatted, in one place.

While there are no legal barriers to the creation of such a tool now, it is extremely difficult for such a site to distinguish itself from fake versions, and to counter the high-powered merchandising of lenders with name recognition,” said Guttentag.

The need is for certification by a known trustworthy source that a site has the features necessary to provide borrowers with competitive prices and selection guidance.”

With a certified site, Guttentag suggests a set of features that would solve current problems.

  • Complete prices posed directly to site

Three or more lenders provide posted prices to the site directly from each lender’s internal pricing system, without the intermediation of loan officers,” said Guttentag.

Prices should cover all lender charges and all price-related features of adjustable-rate mortgages.

  • Live prices

Whenever a participating lender posts new prices on its own site or for its loan officers, prices on the multi-lender site change as well,” said Guttentag.

  • Fully adjusted prices, anonymity, and price monitoring

Credit: The Mortgage Professor.

The site should have the capacity to adjust prices from each lender for all the transaction characteristics that affect price,” said Guttentag.

Borrowers should be able to shop prices on the site without revealing contact information to lenders until a lender has been selected, and be able to monitor the posted prices of the lender they select until their price is locked.

  • Lender selection and decisions support

Borrowers select the lender, not the site,” said Guttentag.

Borrowers also need to have access to guidance in making decisions about the type of mortgage, and the combination of upfront fees and interest rate that best meets their needs.

Guttentag makes it clear that his list is designed to be illustrative and would need to be further developed by a certifying agency.

He also sees real hope in the proposed solution.

The burden on the agency that does it would be very small, however, while the potential benefits are enormous,” said Guttentag.


Credit: Scott Lewis, Creative commons.

As Daily Business News readers are aware, loans for the MH industry are unique, as they are largely so-called “chattel loans” – also known as “home only” or “personal property” loans.

The Federal Housing Finance Agency (FHFA) finalized a rule on December 13th that creates a “duty to serve” for Fannie Mae and Freddie Mac, and is expected to have an impact on manufactured home loans. That story is linked here. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

CFPB Plans Regulations of Auto Lenders, Leasing Contracts too

October 9th, 2014 Comments off

credit=automotive-news-mazda-dealer-posted-daily-business-news-mhpronews-com-In a move that should be monitored by Manufactured Housing (MH) Industry professionals; the Consumer Financial Protection Bureau (CFPB) has published in the Federal Register a proposed rule that could go into effect before the end of 2014, Jim Henry at Automotive News (AN) tells MHProNews.

The cost of compliance obviously is going to be a big issue,” Ballard Spahr law firm attorney John Culhane Jr. said. In September, the CFPB proposed a rule that would regulate nonbanks originating 10,000 or more auto loans and leases a year.

The proposed regulation would include automakers’ captive finance arms and independent lenders, Henry reports.

Mission Creep?

The larger-participants rule could be used to give the CFPB authority to act on cases of alleged “unfair, deceptive or abusive acts or practices…”

MH industry sources speculate this move by the CFPB could lead to outreach efforts between auto lenders, MH Industry finance firms, associations and others seeking to collaborate for regulatory relief. ##

(Image Credit: Automotive News)

CFPB related article: