Posts Tagged ‘Markets’

LCI Insider Trading, Spotlight. MHCV Rising, Bucks Broader Markets Dip

June 15th, 2017 Comments off

DowJIACNNMoneyTicker6152017ManufacturedHousingIndustryMarketReportsDailyBusinessNewsMHProNewsThe evolving Daily Business News’ market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also a quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.  MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

  • There’s a new Wells Fargo scandal.
  • Complaint: JPMorgan Chase discriminates against fathers.
  • Big Oil needs to spend $350B…on wind and solar.
  • Feds: ‘Dumb and Dumber To’ was made with stolen cash.
  • What Trump doesn’t understand about the poor.
  • Uber sued for mishandling rape victim’s records.
  • The business of ‘The Bachelor’ franchise.
  • Ethics chief: Steve Bannon Waiver is ‘problematic.’
  • What to expect at the Paris Air Show.
  • Migrant workers will send home $450 billion this year.
  • CEOs to Trump: You’re failing.

Selected headlines and bullets from Fox Business:

  • Congressman: I’ll carry a gun now after Scalise shooting.
  • Congressional Baseball Game raising money for Capitol Police fund.
  • Members of Congress should be armed: Former FBI Deputy Assistant Director.
  • Tech stocks continue to let air out of recent rally.
  • Oil slides, hits six-month low on rising global production.
  • Snap shares tumble to IPO price of $17.
  • Bye-bye, Butterfinger? Nestle explores sale of U.S. confectionary business.
  • Trump promises high paying jobs with new apprenticeship order.
  • White House split over debt ceiling as deadline looms.
  • Boeing hits record highs after U.S., Qatar sign F-15 deal.
  • Air bag maker Takata to file bankruptcy this month: Report.
  • Uber sued after allegedly obtaining rape victim’s medical records.
  • Trump apprenticeship plan will change attitudes about trade jobs, Andy Puzder says.

9 key market indicators, ‘at the closing bell…’

S&P 500 2,432.46 -5.46 (-0.22%)

Dow 30 21,359.90 -14.66 (-0.07%)

Nasdaq 6,165.50 -29.39 (-0.47%)

Crude Oil 44.40 -0.33 (-0.74%)

Gold 1,256.00 -19.90 (-1.56%)

Silver 16.75 -0.39 (-2.28%)

EUR/USD 1.1147 -0.0069 (-0.61%)

10-Yr Bond 2.162 +0.024 (+1.12%)

Russell 2000 1,410.19 -7.39 (-0.52%)


Manufactured Housing Composite Value 6.15.2017


Manufactured Housing Connected Stocks

Today’s Big Movers

Cavco and Skyline lead the gainers. Berkshire Hathaway and Carlyle lead the decliners. See below for all the ‘scores and highlights.’

Today’s MH Market Spotlight Report – LCI Industries (formerly, Drew)

LCIIDirectorJamesGeroCreditStreetInsiderManufacturedHousingIndustryConnectedStocksReportsDataDailyBusinessnewsChaffey Breeze tells us that,LCI Industries (NASDAQ:LCII) Director James Gero acquired 12,000 shares of the stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $92.03 per share, with a total value of $1,104,360.00. Following the purchase, the director now directly owns 224,664 shares of the company’s stock, valued at $20,675,827.92. The transaction was disclosed in a filing with the SEC…”

As Bloomberg’s 1 year snapshot reveals, the company has returned an impressive 25.23 percent in one year.

Data from Markets Daily and Alpha one will follow, below this chart.






See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

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 Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(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 for MHProNews.

Cavco Gets Negative News – Today’s Spotlight. MHCV Continues Rally

June 14th, 2017 Comments off

6142017CNNMoneyManufacturedHousingIndustryDataReportsResearchDailyBusinessNewsMHProNewsWhat are the headlines that moved investors?  The bullet views from two sides of the media left-right aisle are below.

Bullets from CNN Money.

  • DeVos halts Obama-era student loan protections.
  • She was 13 when her family fled to Mexico.
  • Fed hikes interest rates by quarter point.
  • Fox News drops ‘Fair and Balanced’ slogan.
  • Innovative therapy swaps kid’s wheelchairs for toy cars.
  • Canada wants to be the next Silicon Valley.
  • 196 Democrats sue Trump over foreign money.
  • Congressman shot at GOP baseball practice.
  • Nike is the next U.S. company in Europe’s crosshairs.
  • Trump’s newest Chinese trademarks.
  • Jones interview sends Megyn Kelly’s advertisers fleeing.

Headlines in bullets from Fox Business today:

  • Federal Reserve raises rates, plans to reduce balance sheet this year.
  • Breaking down the Fed’s decision to raise interest rates.
  • Federal Reserve hikes rates, Yellen takes questions.
  • Wall St. dips after Fed rate hike; tech slumps again.
  • Oil sinks to November lows on shock U.S. gasoline build.
  • Scalise shooter dead after attacking baseball practice for upcoming charity game.
  • James T. Hodgkinson: Alleged Scalise shooter was Sanders volunteer, wanted to ‘tax the rich.’
  • Ivanka Trump: Apprenticeship could help fill 2M manufacturing jobs.
  • Multiple victims from UPS center shooting in San Francisco.
  • Tyson Foods lobbyist among victims in GOP baseball shooting.
  • Home Depot co-founder Marcus: I’m worried about the lives of President Trump, Speaker Ryan.

9 Key Market Indicators, at this afternoon’s closing bell…

S&P 500 2,437.92 -2.43 (-0.10%)

Dow 30 21,374.56 +46.09 (+0.22%)

Nasdaq 6,194.89 -25.48 (-0.41%)

Crude Oil 44.74 -1.72 (-3.70%)

Gold 1,262.00 -6.60 (-0.52%)

Silver 16.88 +0.11 (+0.64%)

EUR/USD 1.1219 +0.001 (+0.09%)

10-Yr Bond 2.138 -0.069 (-3.13%)

Russell 2000 1,417.57 -8.41 (-0.59%)



Manufactured Housing Composite Value 6.14.2017


Manufactured Housing Connected Stocks

Today’s Big Movers

Carlyle and UFPI lead the gainers.  Patrick, Cavco, and Skyline lead the decliners. See below for all the scores and highlights.

Today’s MH Market Spotlight Report – Cavco Industries


Cavco, per the Markets Daily:


Credit: Cavco Industries.

News coverage about Cavco Industries (NASDAQ:CVCO) has trended somewhat negative on Saturday, AlphaOne Sentiment reports.

AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time.

AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable.


Cavco Industries earned a daily sentiment score of -0.10 on AlphaOne’s scale. AlphaOne also assigned media coverage about the construction company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.”

The stock dipped today. But the one year snapshot for Cavco is below, and it clearly reflects an upward trend.


See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

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 Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(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 for MHProNews.

Manufactured Housing Industry, Markets, Wall Street Reacts to Trumponomics, 1 Year Data Snapshot

June 2nd, 2017 Comments off

WallStreetSeesRecordHighsEconomyAcceleratesManufacturedHousingIndustryDataPointsDailyBusinessNewsMHProNewsPeople – sadly, often including those in media – may lie, mislead, or spin.

The great thing about numbers is that they simply are. Facts still matter.

A high-ranking official at ELS told MHProNews that they believed in getting the word out; bad news, get it out.  Good news, get it out.  Let the facts speak, and let the market react.

The market has been speaking since November 9th, when it became clear that Donald Trump was going to be the next President of the United States.  While the agenda-driven segments of the media – on whatever part of the political spectrum they may be – tilts the news-of-the-day, in this way or that – the markets are speaking.

And overall, investors love President Trump and his America First policies.  As RC Williams reported exclusively to the Daily Business News yesterday, the jobs outlook is rosier than it has been in years as a result.

Whatever one’s politics, Trumponomics is off to a good start.  The president has also kept yet another promise to his voter base, to withdraw from the Paris climate deal. 

While some in the world and here in America wail,
others see this like an investor’s Monopoly game card that reads, “get out of jail.”


Flashback, Flash Forward

In the latest of our popular Flashback, Flash Forward reports, MHProNews takes a 1 year snapshot look below at all of the industry connected tracked stocks.  Last night’s closing numbers are linked below.

New UMH Acquisition, AMGs Huge Gain, Broader Markets Hit New Highs

First, the 1 Year Snapshot of each of the publicly traded stocks tracked on the Daily Business News.  These are a solid, impartial way of getting a read on how investors are viewing the broader markets, and manufactured housing’s place within them. Then, we’ll review some industry commentary on President Trump and his administration’s new HUD Secretary, Dr. Ben Carson. 

The manufactured home community, production and other industry connected tracked stocks – 1 year trend – alphabetically.















LCII (Previously, Drew)





















Bullets on the above?

·        15 of the industry connected tracked operations are up.

·        1 is essentially flat.

·        2 have declined. 

After just over 4 months in office, this is a strong rally for the manufactured home industry.  Investors have voted with their wallets.


Not only have manufactured housing industry connected stocks rallied, but as the headline from Fox Business above states, the broader markets are bullish too. While much of the ‘agenda media’ is playing the echo chamber game – hoping to dissuade voters and business with rumors of unproven claims that have been investigated for months – the reality is shown in the charts on this page.  Those with the desire to keep the ‘deep state’ in place, will of course fight tooth and nail from the ‘drain the swamp’ policies of this duly elected president.  Yet, businesses and voters of all political stripes are benefiting from Donald Trump’s administration’s gutsy leadership.

Views Then and Now from Around the Industry About the Trump Presidency, Carson for HUD

As factory-built housing industry trainer, consultant and speaker Tim Connor said after the election,


Tim Connor, CSP. long time factory-built home industry veteran, Credit: LinkedIn.

I don’t care whether you are a liberal, conservative, independent or something else – the bottom line with this year’s election was simply more of the same or something new, different or unique,said Tim Connor, CSP.


Mark Weiss, JD, President, CEO of MHARR.

With a personal background in business, rather than government, Mr. Trump – during the just-ended campaign – has been a consistent critic of innovation-stifling and job-killing overregulation and regulators who ignore or rationalize the far-reaching negative impacts of such regulations on the health of the economy, smaller businesses and consumers….” said MHARR President & CEO Mark Weiss, JD.

In another exclusive, Jim Clayton put it to MHProNews, “my thinking is increasingly optimistic and tends to align with those Republican leaders who are creatively saving-face while migrating back to the fold – and to PresidentDonald the Disruptor.”

Comments on Dr. Carson as HUD Secretary

Jim ClaytonrightLATonyKovachleftPhotocreditMHProNewscom

Jim Clayton, right. L. A. “Tony” Kovach, left. Photo credit,

Very poor choice! There are numerous qualified people who can do great things for affordable housing,” said Titus Dare, EVP – Development & Construction at Eagle One Financial.  Dare’s full commentary, is linked here.


Titus Dare. Credit: MHProNews.

MH Industry production and association veteran, Jay Hamilton, took a more nuanced stance.

Dr. Ben Carson grew up in Public Housing,” said Hamilton. “He spent many years working as a Neurological Surgeon in an Urban Hospital Environment. So he witnessed the effect of substandard housing on health. But even still, a number may see this as an illogical choice.” 


Jay Hamilton, Executive Director, Georgia Manufactured Housing Association (GMHA).

Hamilton’s full comments on Carson as HUD Secretary are linked here.

Kurt Kelley. Credit: MHProNews. Kelley’s widely-read view on the passing of Justice Antonin Scalia, are linked here.

Kurt Kelley, JD, President of Mobile Insurance had a different take.

That’s [Carson as HUD Secretary] great news.  I have some ‘Carson for President’ bumper stickers.


Kurt Kelley. Credit: MHProNews.

Dr. Ben Carson is a true American success story,” said Kelley.

From the poor Detroit neighborhood he was raised in, “he became the best brain surgeon in the country and one of America’s most admired men,” says Kelley. “Dr. Carson knows what it’s like to be the little guy.  He’s exactly what D.C. needs.”  Kelly’s complete comments can be found, linked here.

Disclosure: This writer penned a letter of support that was picked up by the Trump for President website over a year ago.  As pro-industry publishers, we believed then and now that President Trump is the right man for these times to lead America back to its pro-business, free enterprise roots.

The evidence above, and weeks of post-election reports MHProNews has provided, clearly shows that the nation is on a path for solid growth. ##

(Editorial Notice: perspectives and analysis are always those of the writer, and may or may not represent the views of sponsors or others.)

(Image credits are as shown above.)

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


Markets Closed for Memorial Day

May 29th, 2017 Comments off

Arlington Nation Cemetery in Washington, D.C. Credit: Wikipedia.

The U.S. Stock Markets are closed today, in deference to the Memorial Day holiday. Normally known in the U.S. as the “gateway to summer,” Memorial Day is a significant homage to those who have made sacrifices.

Per Wikipedia, Memorial Day is a federal holiday in the United States for remembering the people who died while serving in the country’s armed forces.

The holiday is currently observed every year on the last Monday of May. It marks the unofficial start of the summer vacation season, while Labor Day marks its unofficial end.

Many people visit cemeteries and memorials, particularly to honor those who have died in military service. Many volunteers place an American flag on each grave in national cemeteries.

Memorial Day is not to be confused with Veterans Day; Memorial Day recalls the men and women who died while serving our country, while Veterans Day celebrates the service of all U.S. military veterans.

Following President Abraham Lincoln’s assassination in April 1865, commemorations were ubiquitous. The sheer number of soldiers of both sides who died in the Civil War (more than 600,000) meant that burial and memorialization took on new cultural significance. Under the leadership of women during the war, an increasingly formal practice of decorating graves had taken shape.

In 1865, the federal government began creating national military cemeteries for the Union war dead.

For a look at Friday’s Market Report, click here.

The management and team of MHProNews would like to extend our deepest thanks to those who made the ultimate sacrifice for our safety and freedom. ##


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



RC Williams, MHProNews.

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


(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to of the exact page you’ve placed/posted such a use, once posted.)

Is Modular Movin’ on Up? Builder Sees Opportunity

April 28th, 2017 Comments off

A Squash Meadow home. Credit: MV Times.

On Martha’s Vineyard, style and price are par for the course. For builder Bill Potter, he saw opportunity to deliver both, with modular, at the right time at the right price.

According to MV Times, when the markets crashed back in 2008, Potter and his wife Terry started asking themselves what they could do with the company then known as Potter Construction.

That brainstorming turned into Squash Meadow, the couple’s firm combining modular construction with onsite building practices, known as hybrid prefab. This would allow higher end customers on Martha’s Vineyard to custom design their homes at an attractive price in what was a skittish economy.

With the concept in mind, the Potters were ready to begin. Then the challenges began.

But we needed a modular building partner who was willing to work with us, to change their business practices to accommodate the need of clients here,” said Bill Potter.

We made a list of seven modular construction companies in the Northeast and pitched them all on their notion. Six said no, but Westchester Modular Homes in Wingdale, N.Y., on the New York/Connecticut border, said yes.”

The two companies married their visions, and started on what would turn into a fruitful journey.

We’d been doing some green building, and we wanted to continue doing that, as well as offering more design choices, and Westchester was willing to adapt,” said Potter.


Bill Potter. Credit: MV Times.

Originally, Potter Construction had four employees and would hire crews when they were awarded a building contract.

Since their move to hybrid construction, the company, now known as Squash Meadow, now has a management team of ten, and Potter says that on any given day you’ll see “50 Island guys working at our work sites.”

Potter says that the hybrid model proof is in the pudding: clients see savings of 20 percent over traditional site built homes and three month completion times versus one year. For client Julie Fay and her family, they are believers.

This was a stellar experience for us. We bought our land last June, and we were fully moved in by September. Their computerized design system let us walk through every room [in the design phase] and see what our choices looked like. We got a realistic view down to appliances and interior details,” said Fay.

We wanted a green design, and we had a contractor friend look over our shoulders every step of the way. Squash Meadow could do anything. Of course some choices involved a price tag, but it was an easy and predictable process.”


A View from the Architectural Angle

Phil Regan, managing partner of Vineyard Haven based Hutker Architects Inc., provided his take on modular.

The modular industry is an affordable option and historically a sort of bucket of parts in dimensions of two, four and eight feet built in units small enough to be shipped. There has not been a lot of design but that is changing,” said Regan.

Modulars are not quite small houses now, but generally are under 2,000 square feet. Above that level, design plays a larger role. There is market demand for modular design but it seems to me that onsite construction and modular methods right now are like a pair of magnets — drawn to each other but when they get close, the direction starts to shift.”

An Expert Take


Modular Home. Photo credit, Hybrid PreFab Homes.

In MHProNews’ popular, in depth interview series, “A Cup of Coffee with...” Hybrid Prefab Homes President Otis Orsburn shares important details about this.

The hybrid prefab home methodology has been readily accepted by traditional construction contractors, investors, lenders and the ultimate homeowner, ” said Orsburn.otisorsburnhybridprefabhomes-dailybusinessnewsprefabricatedmodularhomeindustry-mhpronews

Another success is creating and managing the plan set that addresses the entire vertical construction of the home.” Orsburn stated that, “Historically, this has been the largest dysfunction when building a home that is replete with factory-built nuances that traditional contractors have not dealt with before.”

Orsburn continued.

These nuances are viewed as weaknesses because they haven’t been utilized in mainstream construction. After attending my classes for general contractors, these contractors become our spokes people.”

For more on activities on bringing affordable housing options to Martha’s Vineyard, including “tiny homes,” click here. ##


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



RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

POTUS Speech: Public, Media, Markets Applaud

March 2nd, 2017 Comments off

Credit: NY Post.

Leading up to his speech to a joint session of Congress Tuesday evening, many were curious as to exactly how President Donald Trump would approach the moment and what his message would be.

Post speech, the responses, and where they came from, were quite interesting.

This will be a very well-received speech for Donald Trump,said MSNBC commentator Rachel Maddow.

I think it’s fair to say it’s a product of expectations that he’s not seen as somebody who necessarily gives a good formal speech.”

According to The Hill, media analysts estimate 40 million to 45 million people watched the address Tuesday night.


Credits: The Hill, CBS This Morning.

He said from the beginning he was going to speak from his heart, and I certainly think he did that,said Gayle King of CBS This Morning.

I thought it was by far the best speech I’ve ever heard Donald Trump give,” said Chris Wallace of FOX News.

It was one of the best speeches in that setting I’ve ever heard any president give.


Polling from CBS News showed that viewers nationwide strongly approved of the President’s speech, with many Democrats joining Republicans in calling it “presidential” and positive in tone.

The polls also showed Republicans and Independents found the speech “unifying,” and the President gained support for his policy plans among viewers on the economy, immigration, terrorism, crime and Obamacare.


Credit: CBS News.

While half of Democrats reportedly found the speech “divisive,” about one-third of them also said President Trump was “specific” and “knowledgeable” in his speech, and there is agreement across party lines that he is trying to do what he said he’d do during the campaign.


Credit: NY Times.

During the speech, commentators, along with the Daily Business News, noticed the divide amongst the Democratic and Republic sides of the chamber. While this is usually standard fare, it should be noted that even in the moments where the President spoke about unity across party lines, that only a handful of Democratic representatives acknowledged the need.



The Markets Respond 

According to CNBC, President Trump’s speech hit a cord with the markets, as U.S. equities surged to all-time highs yesterday, with the Dow, S&P 500 and NASDAQ all posting their best days of the year.


Credit: Getty Images.

The major positive from the speech is he delivered on his ‘America first’ message, but he did so in a positive and uniting way,” said Zhiwei Ren, portfolio manager at Penn Mutual Asset Management.

If his message of ‘America first’ can succeed, this could be positive for the economy” in the near term.

The Dow finished the day up 303 points, with the NASDAQ, S&P 500 and Russell 2K index, and indicator of small and mid cap stocks, all gaining over one percent.

The speech’s tone has gone a long way for the market,” said Quincy Krosby, market strategist at Prudential Financial.

It assuaged fears that his agenda was not going to be able to be passed.


The MH Industry


Credit: MHProNews. Click here for Kovach’s full letter.

As Daily Business News readers are aware, a growing economy and more jobs, less regulations, and proposed changes to Dodd-Frank and the Consumer Financial Protection Bureau (CFPB), are all reasons for Industry Optimism with respect to President Trump.

The Trump Administration has made it absolutely clear that one of its key priorities will be to reduce baseless regulatory burdens on American businesses that needlessly increase the cost of American products and undermine job creation,said MHARR President and CEO M. Mark Weiss.

Dr. Ben Carson, whose up/down vote as HUD Secretary is expected within the next few days, has been warmly greeted by MHARR, MHI and MHProNews, as a leader who grasps the manufactured housing industry’s importance to the realization of the American Dream.

I do see manufactured housing playing an important role in providing affordable housing in rural areas. I think it’s important to ensure HUD’s policies promote access to this valuable resource,” said Carson.

MHProNews and MHLivingNews publisher L.A. “Tony” Kovach penned an open letter to Dr. Carson, which is linked here.

For more responses from MH industry professionals on the election of President Trump, 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.

MHARR to FHFA: Duty to Serve Without Chattel is Unacceptable

January 31st, 2017 Comments off

Capitol Building credit, Wikipedia. MHARR, Mark Weiss images MHProNews. MHARR logo is their intellectual property, and is shown here under fair use guidelines.

Washington, D.C. – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that, at a Duty to Serve (DTS) “listening session” conducted by the Federal Housing Finance Agency (FHFA) in Chicago, Illinois on January 25th,  it advised FHFA officials and representatives of the FHFA regulated Government Sponsored Enterprises (GSEs), that the December 29, 2016 FHFA final DTS rule which does not mandate manufactured housing chattel loan securitization and secondary market support by the GSEs is unacceptable as currently written.

In comments and a detailed written statement at the meeting, MHARR stressed that any DTS rule which fails to provide meaningful and timely securitization and secondary market support for chattel loans, which comprise upwards of 80 percent of the manufactured housing consumer finance market, cannot conceivably satisfy the mandate imposed by Congress via the DTS provision of the Housing and Economic Recovery Act of 2008 (HERA).

MHARR says that while the FHFA final rule and related guidance proposal issued on January 13th have been lauded by some as bringing consumers and the industry “closer to the realization of a manufactured housing chattel loan securitization and secondary market support program that would end decades of discrimination against the largest segment of the manufactured housing finance market,” the reality is that the final rule contains no affirmative requirement for GSE support of manufactured home chattel loans and no meaningful penalty or sanction for their continuing failure to serve that part, or any other part, of the manufactured housing finance market.


Credit: Neon Tommy.

The final rule and evaluation guidance would only require that the GSEs consider such support, a formulation that particularly given the GSEs history, would allow them to either bypass and reject such support or engage in endless and ultimately meaningless research and outreach, with nothing more than a perfunctory explanation.

MHARR contends that the FHFA rule as confirmed at the meeting would leave major FHFA regulatory hurdles including its rule requiring approval of new products that could prevent or significantly delay any actual GSE support activity for manufactured housing chattel loans, in place.

The rule would thus continue to exclude the vast majority of potential manufactured housing purchasers from the market, because they cannot afford to pay higher-cost manufactured home chattel loan interest rates that are needlessly inflated by the discriminatory lack of GSE securitization and secondary-market support for such loans and by the lack of full and robust free-market competition, which is artificially suppressed by those same policies.


Danny Ghorbani, photo credit, the Journal.

While discussing the GSEs, former MHARR President Danny Ghorbani further confirmed concerns.

Despite forty-years of on-again, off-again flirtation with the industry and its consumers, are socially active and engaged, but fiscally removed and divorced from each,” said Ghorbani.

[The GSEs] talk the right talk and go through the right motions, attending and sponsoring industry events and even hiring industry members as consultants to advise them, but have never formulated and implemented a positive and workable program to securitize the chattel loans that would allow low, lower and moderate-income consumers to become homeowners an underserved market that Congress decreed nine years ago, the GSEs must now serve.

For the full statement from MHARR, click here.

The Daily Business News covered the FHFA in a report linked here

Masthead commentary on this issue 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.

December 2016 MHProNews Featured Articles Scheduled

December 1st, 2016 Comments off

december2016featuredarticlesmhpronews-comThe new featured articles for the home page are scheduled to go live on December 2, 2016, by close of business.

Look for over 3 dozen articles, including several exclusives found only on

Topics covered will include communities, events, legal, markets, political, production, inspirational, marketing, people and more. ##

(Image credit:


Soheyla Kovach.

Submitted by Soheyla Kovach to the Daily Business News on

Sunday Morning Weekly Recap – Manufactured Housing Industry News – October 30th – November 5th, 2016

November 6th, 2016 Comments off
MHProNews_Sunday morning recap of week's stories postedDailyBusinessNewsMHProNews

Image credit, MHProNews.

We begin the month with another thought-provoking themeEntrepreneurs November in MHVille 2016That link will take you to all of the featured articles and interviews this month. save this special address from Donald Trump to MHProNews – and thus to our industry, click 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, you can reflect on another motto as you chart your own professional path ahead:

We Provide, You Decide.”  ©

What’s New On MHLivingNews


Designer Amy Shock’s Extreme Mobile Home Makeover – Photos & Report




What’s New On MHProNews


Saturday November 5th, 2016



Friday November 4th, 2016




Thursday November 3rd, 2016





 Wednesday November 2nd, 2016




Tuesday November 1st, 2016



Monday October 31st, 2016



Sunday October 30th, 2016


Sunday Morning Weekly Recap – Manufactured Housing Industry News – October 23rd – Oct 29th, 2016

As we continue the celebration of our 7th year of uninterrupted factory-crafted housing trade media publishing, Our Thanks to you and our sponsors. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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