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RE Focused Economist Says, ‘Millions of Housing Units’ Needed

June 14th, 2019 Comments off

 

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Mark Fleming, Ph.D serves as the chief economist for First American Financial Corporation.  He’s been popping up more on various business news shows, so the Daily Business News on MHProNews decided to share the flavor of Fleming’s economic and housing insights.

 

It ought to be one of those rally points for manufactured housing professionals who are thirsting for growth.

About Fleming, “Before joining First American, he developed insights and analytical products for CoreLogic, and property valuation models at Fannie Mae. Fleming graduated from the University of Maryland with a Master of Science and a doctorate in agricultural and resource economics and holds a Bachelor of Arts in economics from Swarthmore College. He lives and works in the Washington, D.C. area,” per his company’s website.

As the posted videos reflect, he’s telling business news sources on both sides of the left-right media divide that ‘millions of housing units’ are needed.

 

 

In that, he says some points that longer time-readers of MHProNews are familiar with.  The National Association of Realtor’s Chief Economist Lawrence Yun has said similarly.

 

 

More recently, HUD Secretary Carson has pointed specifically to manufactured homes, along with other forms of prefab and innovative housing techniques.

 

 

So, while Fleming hasn’t been laser focused on manufactured housing, the industry’s professionals and investors must think of themselves as broader ‘housing’ members.  In that context, the needs are tremendous.

Only factory building can achieve that, is what tech gurus – who are increasingly entering the factory-built housing market – have decided.

Why does Warren Buffett and Charlie Munger love housing? Because they know which way the market is going.

In this context, one must ask. How is it possible, with the needs so great, that manufactured housing is still selling at a lower level than 15 years ago?

 

BloombergShipmentProductionDataManufacturedHousingMHProNews2019-05-16_1057

 

Logic says there are only a few possibilities.

·        The industry’s ‘big boy’ leaders don’t know what they are doing. While we disagree with them on many things, we don’t buy that option, but it is a logic possibility.

·        The industry’s ‘big boy’ leaders and their puppet association are lazy, and are not willing to do what it takes.  Again, it’s a possibility, but not one that we think fits the facts.

·        The industry’s leaders want the industry to perform at a low level, intentionally. If so, why? A common concern is that underperformance allows big companies to acquire smaller firms at a discounted price.

 

Is there evidence for this?

One might start with the words of Richard ‘Dick’ Jennison, Manufactured Housing Institute (MHI) own statement on camera, arguing for slow growth. 

 

 

What? During an affordable housing crisis?

It was such an outrageous comment that our publisher brought it to the attention of then MHI Chairman, Tim Williams, who is also the President and CEO of 21st Mortgage Corp. Williams told MHProNews that he would ‘talk to Dick.’

The following Louisville Show, Jennison then said – also capture on video – that the industry could achieve 500,000 new homes. That’s arguably true. But what has MHI done to achieve that level of production?

 

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

 

NAMHCO, cited in a report earlier today, broke from MHI, precisely because of a lack of performance.

 

MHCommunitiesOfAZNealTHaneyPresidentWhyTheyQuitManufacturedHousingInstituteMHIDailyBusinessNewsMHProNews600

What Haney’s statement reflects is the lack of credibility and effectiveness of MHI in their claims.

 

Frank and Dave,” controversial in their own right, nevertheless told their readers 2 weeks ago not to look to MHI for support for community owners, using these words.

 

 

In peeling back the layers of the onion in manufactured housing, in hindsight, the insight of Marty Lavin makes sense when he said the following.

 

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Ask yourself objectively. Do these Marty Lavin dictums apply with respect to MHI?

 

More pointed was Lavin – who is an MHI award winner – when he made the following statement.

 

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

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

 

MHI has purportedly engaged in what Mark Weiss, the President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) who referred to the industry’s post-production sector – which is MHI’s turf – as the “illusion of motion.”

 

“THE ILLUSION OF MOTION VERSUS REAL-WORLD CHALLENGES” – Spotlighted by Manufactured Home Industry Leader

 

That comment sent our publisher laughing at the apt, penetrating insight.  Keep MHI members busy, keep them going to meetings that are profit centers for MHI, per their own IRS Form 990s.  Feed them ‘housing alerts’ that led them to believe that they are making progress…

…but the acid test is the sales, shipment and production of new manufactured homes.  Those numbers don’t lie.

 

ManufacturedHousingAssocRegulatoryReformMHARRApril2019ProductionShipmentReportDailyBUsinessNewsMHproNews

 

Inept? Lazy? Or head fake with the goal of consolidating the industry into ever fewer hands?

 

 

Let’s not forget the 21st letter, Kevin Clayton video, and Warren Buffett letter, linked below.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

It makes the most logical case. Clayton, 21st, MHI, and MHI’s outside attorney – asked to address these concerns and allegations – routinely makes no on the record comment. 

Instead, they’ve put George F. (F?) Allen up as their purportedly incentivized attack dog and distraction surrogate.

When asked about claims from his own followers that have said Allen’s being compensated and rewarded by the big boys, Allen has no comment.

Millions of housing units are needed. Publicly traded MHI member companies own IR packets state that the industry is underperforming by historic standards.

Voices in Congress, per our sources, are wising up to the Omaha-Knoxville-Arlington ploy.

Voices in Congress, are already on the record going after high profile MHI members, including Clayton, 21st, and several large so-called ‘predatory’ community operators.

It’s not a pretty picture as to why the industry is underperforming. But the historical data – and the research by economists like Dr. Mark Fleming and others say that millions of homes are needed.

Tim Williams said it to MHProNews, and we’ve repeated it many times, because it was the truth – that they’ve arguably not followed. Every misleading report needs to be robustly responded to, as he said below.

 

TimWilliams21stMortgageCorpGoodArgumentsQuoteRespondEveryStoryDailyBusinessNewsMHproNews

 

MHI needs to push for enhanced preemption, a full implementation of the Duty to Serve mandated by law, and put the black hat behavior actors on notice.

Sources say, MHI can’t do it.  They’d lose Clayton and several big boy members, per those sources if they ever did such a thing.

Thus the need to expose the problem and the realities. Then the need for multiple layers of independent investigations, as publicly as possible.

There’s more in the links below.

 

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That’s today’s third episode of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

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Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

 

 

 

 

 

 

 

“I Can’t Think of a Good Reason to Keep People from Buying Affordable Housing” – Manufactured Home Industry Voices Video

March 15th, 2019 Comments off

 

ICantThinkOfGoodReasonKeepPeopleFromBuyingAffordableHOusingManufacturedHomeIndustryVoicesVideoDailyBusinessNewsMHProNews

Numbers of these people are paying more for rental housing” than they would for manufactured homes, said then Senator Bob Corker (TN-R) in the video posted below. The headline quote is from an independent ‘mom and pop’ owned manufactured home community owner, who is also on this Inside MH video episode.

 

What both said they and others said at the time this video was made still applies today.

Flashbacks and history are massively useful, but only to those who are willing to clean the smudge off the lens of their glasses, see what was said then, and watch to see what has transpired since.  Every single voice on the second video below, every statement made, has relevance and value.

For example.

In hindsight, one could argue that it was never the Manufactured Housing Institute’s (MHI) belief that their publicly desired and supported Preserving Access to Manufactured Housing Act would ever pass.  But set that aspect of the video aside for now.

Several of the broader issues relating to financing and access to manufactured homes that this video tackles could matter as much or more today as it did the day this episode of Inside MH was first produced and published.

Imagine, then Consumer Financial Protection Bureau (CFPB) Director, Richard Cordray admitted on camera several useful facts for the industry.  Cordray, a Democratic candidate in 2018 race to be Governor of Ohio made admissions that are as useful today as they were when he said them. Sadly, several of those facts were arguably never properly illustrated by the fine folks whose factory-built housing association offices are in Arlington, VA.  But again, that’s an aside, not the main point.

Rather, at about the 5:30 mark in the Inside MH episode, Richard ‘Dick’ Jennison says something we referred to a few weeks ago.  The manufactured home industry, said Jennison on camera in front of a live industry audience, could achieve 500,000 new HUD Code manufactured home sales.  Compare that to the under 97,000 the industry actually achieved, 4 years after Jennison spoke.

 

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

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

AnnualHUDCodeIndustryProductionTotalsMHARR2009to2018DailyBusinessNewsMHProNews

 

500,000 new HUD Code manufactured homes produced and sold should still be an active goal for retailers, communities, suppliers, producers – everyone that wants more affordable home ownership.

It stands in stark contrast with what he said months before, that the industry should grow slowly, noted in the 18 second video clip, below.

 

 

Before Jennison speaks at that 5:30 mark, former community owner, volume retailers and finance expert – MHI award-winner Marty Lavin – shared valuable insights.

Lavin, it should be noted, made these statements prior to the National Association of Realtors (NAR) or the FHFA research in 2018, both of which underscored the fact that manufactured homes were gaining in value.

That said, the principles Lavin addressed – properly understood are potentially huge for our industry. For example, with a better exit strategy for manufactured home owners who want to sell, several groups benefit.

  • The ability to more easily finance and sell a HUD Code home protects the value for its owner.
  • The ability to sell a home more easily benefits sellers and buyers alike.
  • The easier access to financing becomes a reality, and the more Americans understand that opportunity to enjoy appreciation in an appealing home praised by numerous third parties in 2018, the healthier that is for almost every segment of society.

We’ll note that we waved bye-bye to our videographer on this video some time ago, but it still conveys its points effectively.

 

 

The video raises other topics that the recent Duty to Serve (DTS) letter MHI signed onto to the FHFA should be raising concerns about. See that in the related topics, by the by lines, notices and offers.

There is a need to look back, look around, and look ahead.  When you drive a car, you don’t look down, you don’t look up, you grab glances that give you a sense of what’s 360.  That’s true for business, investing, public policy, and more.  Looking back at this video, it is relevant today, and will continue to be until the industry begins to achieve its true potential.  Then, it will be relevant as a reminder of how low the industry’s professionals and investors allowed itself to sink.

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

 

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

 

 

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Celebrities, Millionaires, Billionaires and Their Appealing Manufactured Homes

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“Tug of War” – Manufactured Home Community Legislation – “Vicious Cycle Goes On,” Impacting Industry, Home Owners, and Potential Buyers

 

Minnie Driver, Millionaires, and Billionaires – Debunking “Housing for the Poor” Image of Manufactured Housing

Rocking Manufactured Housing Shows, Events, and Marketing Promotions

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing

 

Surprising Solution, Roadblocks to U.S. Affordable Housing Crisis

 

 

 

 

 

Canadian-Owned U.S. “Mobile Home Park” Condemned, Residents Must Scramble to Meet Deadline to Vacate

March 5th, 2019 Comments off

 

CanadianOwnedUSMobileHomeParkCondemnedResidentsMustScrambletoMeetDeadlineToVacateWLNS-MI-DailyBusinessNewsMHProNews

This troubling story out of the northern U.S. is one that periodically crops up in state-after-state.  As Amy Bliss, the Wisconsin Housing Alliance (WHA) state association executive director recently said to MHReview (MHR),  “The biggest reason for community closures is because the municipality revokes the license to operate because the owner has let the community go into a state of disrepair. I hate to see Wisconsin lose sites and it is extremely sad for the tenants.”

 

This specific planned closure of a condemned community is in the state of Michigan. The reasons cited by officials include a state of disrepair that the residents at this community can no longer successfully address, because of what local media says is an ‘absentee’ owner in Canada.

Per WLNS, in Jackson County, Michigan, “Several families in a Jackson mobile home park will be forced to leave on March 13th because of unfit and dangerous living conditions.”

The issues of alleged bad management and poor maintenance at the Fisher Mobile Home Park date back for a year.

Don Hayduk, Division Director for Environmental Health, Hayduck said he knows condemning the property isn’t convenient for the residents.  But that official says he believes that resident safety has to come first.

I like it here, and…I don’t want to move,” says Ginger, a current resident at Fisher says in the video posted produced by WLNS.I hate change.”

It seems likely that the costs of living are low, which is something for cash-strapped residents to like.

 

 

But moving is exactly what Ginger and other remaining residents at the community will have to do in about 8 days, if they hold to the order. Fisher Mobile Home Park was condemned by the Health Department for several reasons, dating back for more than a year.

Hayduk said absentee management is a factor.

There is no onsite management and hasn’t been for quite some time,” Hayduk says. “They don’t have a certified water operator, as per Michigan requirements, as well as the park is unlicensed at this point.”

It should be noted that in this instance, based upon the visual evidence from the video, the community appears to be comprised mostly – or perhaps entirely – of pre-HUD Code mobile homes. If so, it is indeed a “mobile home park.”

 

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

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

 

Remaining residents have been trying to handle problems themselves, but can’t.

It is beyond their capability,” Hayduk stated. “And I give them all the credit in the world, the residents. They are trying their best to live there, to create an environment that is acceptable for them. But it’s gotten to the point where it’s not sustainable.”

According to WLNS, different Michigan agencies have tried contacting the property owner, who they say lives in Canada. The video report indicated that there has been no response.

A case worker was assigned by public officials to the Fisher MHP to help those remaining families and households find new places to live once time runs out.

 

Not Just MH Communities, but Manufactured Home Industry Impacts?

It is one more headache for residents, and one more black eye for the industry. Community closures are all too commonplace.  How they are handled – or mishandled – is an ongoing issue for community operators, and the industry at large, since about 1/3 of all new manufactured homes are installed in a land-lease community, per the Manufactured Housing Institute (MHI).

It must be considered as part of the puzzle of items that contribute to shirking new home sales at the very time that affordable housing is most needed.  You can access the related report below, and others that follow the byline, by clicking on the linked text-image box.

 

As Affordable Housing Crisis Rages, New HUD Code Manufactured Housing Shipments Fall, Some States Drop 35-40 Percent

 

The Google search result shown below are from this morning.  The comments on that graphic are integral to the understanding of this issue, and how it impacts the industry at large.

 

MobileHomeparkRedevelopmentClosureGoogleSearch2019-03-05_0816DailyBusinessNewsMHProNews600

 

One might wonder what is next for this Jackson County, MI location?  Will it be redeveloped?  Is the city doing the work of eviction for an absentee owner who wanted to see the property closed in as inexpensive a way as possible?

The Daily Business News on MHProNews will strive to monitor this matter, and others like it.  See the related reports below the byline, notices, and business development opportunities for industry commentary on this and similar issues.

 

MartyLavinJDFormerCommunityOwnerMHIAwardWinner-NotEnoughHunger-IndustryVoicesMHProNews-500x365

Marty Lavin, JD, was a long time community owner, before selling the properties, in at least one case, into resident ownership. He is an MHI award winner, did work for many years in retail and lending.  He is also a part-time industry critic, who may aim sharp words to stir the desire for positive changes.

 

Comments are encouraged on this topic.

 

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

 

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

 

 

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Public Official, ABC News, Manufactured Home Community Owner Clash Over Resident Concerns

 

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GIGO, Esther Sullivan, Clayton Homes, Boston Globe, GSMOL on ‘Manufactured Insecurity-Mobile Home Parks and Americans’ Tenuous Right to Place’

Fannie Mae Reports Billions in Manufactured Home Community Deals, Details Others Lack

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

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

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

October 3rd, 2018 Comments off

 

PresidentDonaldJTrumpBarackObamaDannyGloverPromisesMadeAffordableManufacturedHousing

It’s almost axiomatic.

 

Promises made during a campaign are not always promises kept.

But there is a promise that then Senator Barack H. Obama (IL-D) made during his successful 2008 campaign for the presidency that ought to stand out for all thinking people of independent thought and good will.

Then Senator Obama promised to fundamentally transform America. After 8 years, the U.S.A. was indeed a different place.

Donald J. Trump had never run for any office, but had periodically considering running for the presidency for decades. Like Mr. Obama, Mr. Trump made many campaign-promises.

Every time an investor or professional in manufactured housing – or any other profession – interviews a job applicant, or considers a possible investment, facts are gathered. Those facts are found in resumes, references, and job applications.

In investing, it’s the data and track record about the business or property that are carefully examined. P&Ls, sales, occupancy levels, and other aspects of due diligence aim to give a buyer or investor as close to a real-time and historic snapshot of what is reality.

Reality – the truth – matters in business. Reality can create more certainty, which successful investors crave.

No serious investor wants to put his or her money down blindfolded. Thus, facts and history matter. No smart manager, owner, or executive wants to hire someone without understanding that person’s background, accomplishments, and motivations.

When facts matter so much to hire a candidate for work, or to invest money, why do millions of Americans rely on mere feelings – emotions – or impressions before they vote for someone that could fundamentally change the way their business operates?

Yet that is true for tens of millions who voted in 2016, or in 2008 and 2012. Emotions and impressions mattered more for millions than facts did.  A farmer, and voters, reap what they first sowed.

 

Barack Obama – Remember Hope and Change We Can Believe In?

The list below by Doug Ross at the Journal is only a partial snapshot, but it was largely ignored at the time. Why? Because of what we will call the Danny Glover effect.

Recall what actor Danny Glover said in the highly-awarded documentary movie, Shadows of Liberty.

DannyGloverQuoteItsNotOnlyAMonopolyOfWealthItsAmonopolyofInformationasWellDailyBusinessNewsMHproNEws

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

 

What needed to be added to Glover’s comment, quoted above, are the techniques of manipulation and how much of the mainstream media favored Senator Obama, and then later, President Obama.  Here’s Doug Ross’ fact-based infographic.

PresidentBarackHusseinObamaTop10Broken2008CampaignPromisesDailyBusinessNewsMHProNews

PresidentBarackHusseinObamaTop10Broken2008CampaignPromisesNo6-10DailyBusinessNewsMHProNews

The national debt and historically high deficits soared during the Obama years. Frankly, the George W. Bush Administration added to it too, but nothing like the record-holder, Barack Obama.  Perhaps the best known broken promise is the one on ObamaCare, documented by it’s own designers as having been based upon lies.  They said so, on video, see the article and details below.

ObamaCare Architect Jonathan Gruber – Lack of Transparency needed to pass ACA

Ross’ data-points are only a partial list, but serves to make the point. President Obama favored government “investments” vs. private investing. That historically is a recipe for corruption and failure, regardless of party label.

 

 

 

Some of the New Manufactured Housing Builders

Jessup, Hamilton, and New Vision are just three of the new builders of HUD Code manufactured homes that have emerged since President Donald J. Trump took over the White House.

NewVisionManufacturedHomesManufacturedHousingAssocOfOklahomaSteveRossPhotoDialyBusinessNewsMHProNews

Look at fairly recent newcomer, Legacy Housing, which is roughly tied with American HomeStar, per the data below. They came into being during the Bush Administration.

#2ManufacturedHousingPositionMarketShareTop8DailyBusinessNewsMHProNews

One of the driving forces that are growing in the next tier after Clayton, Skyline Champion and Cavco is Legacy Housing. They’ve grown rapidly in Texas, and are now doing the same in GA. Part of their success? Its financing, as well as other price point and specialized products.

By contrast, what happened in manufactured housing during the Obama years? We’ll turn to the Manufactured Housing Institute (MHI) data to see.

 

How is it possible that so many HUD Code home builders vanished or where absorbed by larger firms during a growing affordable housing crisis? Recall an expert that MHI used to cite, before the Clayton Homes takeover by Warren Buffett’s Berkshire Hathaway?

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

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

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

When Harvard’s Belsky said that, manufactured housing production was far greater than it is today.

How did the destruction of so many factory builders occur?

In part, the evidence and reflect that capital and lending were choked off for independents. That forced closures and under-value sales. Recall this tip from a MHProNews reader below, which was signed by Tim Williams, of 21st Mortgage, a Berkshire Hathaway Company.

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. See Smoking Gun 3.

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

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

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

Marty Lavin is a multiple decades successful manufactured home professional, and a keen observer who very must strives to stay abreast of what is happening in MHVille. We’ll share some of his better known quotes in this context. The reason is because his quotes arguably fit.

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

The logic of this statement can be applied to a variety of cases. Discourage lending, and you discourage sales.  Cut off financing to independent operations, and you kill off independent companies. 

ChrisStinebertManufacturedHousingInstituteMHIPresidentCreditTheJournalManufacturedHomeProfessionalNewsMHProNews

See the former MHI president’s farewell article, at this link here.

Lavin, an MHI award-winner is an expert in lending and finance, pointed to former MHI President Chris Steinbert’s last article in the now defunct Journal of Manufactured and Modular Housing. Steinbert used it to polite slap at his own Arlington, VA based trade association for failing to get to root issues, like financing. Lack of lending and other capital options were choking off businesses that debatably caused the failure of so many retailers, and thus builders, of HUD Code homes. Thousands of communities were impacted by harmful regulatory barriers too.

One or Lavin’s businesses became what was known as Mountainside Financial. That was later absorbed by what today is known as Credit Human Federal Credit Union. Lavin has professionally advised GSEs. MHI awarded him for a reason.

No quote is used to imply that everything else said or done by a person is perfect. Normal people know that. Not this writer, nor any other mortal today, could live up to a standard of perfection. Quotes and facts are used on MHProNews when relevant to a discussion, following a biblical maxim of the separating the “wheat and chaff.”

 

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Barack Obama had the support of most, but not all, of the billionaires on the chart below. Why? His economic principles were demonstrably wrong. Mr. Obama either made promises in ignorance, or knowing they could not be kept.  Either way, the result was the same, terrible for thousands of businesses in our industry.  That pattern was repeated by other industries and professions.  So millions of Americans were harmed by demonstrably bad policies.  But most of the top billionaires backed Mr. Obama, including Warren Buffett.

ForbesTenRichestInAmericaDailyBusinessNewsMHProNewsPolticalTendencies

Tech Billionaires, “Moral Cowardice,” MH Industry, and National Impact

 

Thousands of independent communities, and retailers vanished during the waning part of the Bush and all of the Obama years. The Daily Business News on MHProNews explored the causes of the 2008 financial meltdown.  Warren Buffett knew the fall of the GSEs was coming, he sold all of that stock.

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

 

It was policies that dated back to the Clinton era, or even Carter Administration years, that led to that 2008 housing/financial collapse. President Bush failed to head it off, in part because people like Barney Frank and their supportive PACs, unions, etc. were getting big campaign donations from the GSEs.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Today, the GSEs of Fannie Mae and Freddie Mac are co-sponsoring MHI events. Why? To NOT make many loans on manufactured housing?

2018-10-03_1018ManufacturedHousingInstituteHILogoCavcoFleetwoodPalmHarborFannieMaeFreddieMacLogoDailyBusinessNEwsMHProNEws

Marty Lavin advises, “Follow the Money” and “Pay More Attention to What People Do Than What They Say.” The GSEs are praising manufactured home quality, but then created a special class of manufactured homes, with key MHI member input, that is aimed at funneling that lending, per informed sources.

By choking off lending, as described in Smoking Gun 3, Clayton Homes grew rapidly, as numerous independents failed or sold out for less than their real value. The pie charts help illustrate and tell the tale.  Isn’t what is occurring with the GSEs now just a variation on that same theme?

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2011DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Do you see a pattern?  Can you spell, “rigged system?”

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

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

The 45th President of the United States (POTUS), Donald J. Trump, is keeping his campaign promises. Who says?  People like industry veteran Eddie Hicks.

 

EddieHicksManufacturedHomeCommunitieDevelopingRedevelopingDailyBusinessNEwsMHproNews

 

President Trump’s opponents errantly call him a racist and misogynistic, but he’s created more jobs for blacks, women, and minorities. The same people who once praised Trump as a media or business personality, now slur and slander him. Why?

Facts and history matter. Evidence matters. The degree of emotional manipulation that is taking place in our nation is breathtakingly bold, but easy to spot for those who are willing to look with an open mind.

 

The Great Manufactured Housing Debate

The Manufactured Housing Institute (MHI) is in the palms of several larger operations, but most notably, Berkshire Hathaway owned brands. We’ve offered to debate these and other issues with them publicly and via video, so all could see it. MHI has ducked it, while arguably trying to undermine our pro-growth industry work. Why?  Why would MHI’s president say the industry should grow slowly, so that Berkshire Hathaway and others could consolidate greater pieces of it?

For a time in 2017, MHI attorneys, or surrogates for MHI, threatened us with various forms of litigation for publishing information that was accurate and supplied to us. MHProNews called their bluff.  Their response to our slowly evolving questions or concerns was to first remove this writer from an elected board position in the Suppliers Division, and later to eject the parent company of MHProNews from membership for the spurious reason that we were “News.”  By doing so, they ignored the fact that we did consulting and other business development services, just as other MHI members publish news or commentary and do other things too.

With each step, MHI created questions. What are they doing? Why? How? For how much?

The former MHI Chairman, Nathan Smith, supported Barack Obama. Smith and others involved with MHI support today several of the candidates that oppose President Trump’s tax cuts and regulatory rollbacks which allowed some new businesses to emerge since Donald Trump came to office.

Nathan Smith, SSK Communities, From Mobile Home Resident to Manufactured Home Communities Owner, & Manufactured Housing Institute Leader

MHI is a nonprofit. Kevin Clayton said in the video below that nonprofits are part of the Berkshire/Clayton plan.

 

It’s nearly an hour long, but the references and his own words spell out “the Moat” that they used to consolidate so much of the industry.  That video, and linked articles, explains in detail how that consolidation of manufactured housing was accomplished.

The midterms are mere weeks away. Monopolistic-minded backers knowingly support Democrats that former President Barack Obama or Secretary Hillary Clinton are endorsing or supporting.

President Trump campaigned on several promises. Some have already been kept, like redoing NAFTA, bringing back manufacturing, repatriation of capital, cutting taxes and regulations. Others have been stymied by Democrats who resist and obstruct. The GOP margins in Congress are narrow.

As we did in 2016, as an independent, we once more gladly support the candidates that back the Trump Agenda.

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

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

 

This president is doing more for our industry, and other professions, than anyone else in decades.

 

Facts are facts. There is a monopolistic pattern of powerful people that have been using the Democratic Party for years. It is not the party that it was during the Kennedy years, when President John F. Kennedy cut taxes and spurred economic growth.

We said in 2016 that Donald J. Trump could win, in spite of the barrage of anti-Trump media. Trump backed candidates can win again this year. As we track key Senate and other races, several pro-Trump Republicans are ahead in recent polls, others trail narrowly. It can all change by election night, on November 6.  It call comes down to turnout and voting.

MHI, people like Warren Buffett, Nathan Smith, Barack Obama, The Clintons or others will be supporting the opposition of President Trump.

There are thousands who believe as Eddie Hicks does, sometimes quietly, at other times, publicly.  When was the last time a president did what President Trump has done for our industry?

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

We proudly stand for the President and his America First agenda.

  • American jobs.
  • American steel.
  • American oil.
  • American coal.
  • Smarter immigration.
  • Finishing the Wall.
  • Making tax and regulatory cuts permanent.
  • Rising wages.
  • More capital creation.
  • More free market competition.
Happy71BirthdayPresidentDonaldTrumpQuotesDailyBusinessNewsMHProNews

We’ll close for this morning by saying that we expect a successful GOP and President Trump to take serious aim at housing barriers and monopolies. HUD Secretary Ben Carson has already sent those signals. They mirror what our regulatory comments said to HUD, and what the YIMBY vs. NIMBY article below indicated.

YIMBY vs. NIMBY, Obama Admin Concept Could Unlock $1.95 Trillion Annually, HUD & MH Impact

 

Should pro-Trump Congressional representatives and Senators win by enough margins, before President Trump leaves office after 2024, expect Berkshire Hathaway, Clayton Homes, and other big-tech monopolistic forces to be broken up by federal action.

Should that happens, expect more Rollohomes to emerge. One new producer, building some 60,000 new homes, because the demand was there, and the regulatory environment wasn’t insane.

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

 

People like Judge Brett Kavanaugh are being smeared for political purposes. President Trump has taken the smear tactics head on. An army of deplorables of all races, religions, and genders has formed.  People like Kanye West are breaking the stereotypes.

The Importance for Businesses and Investors in Manufactured Housing for Selecting the Next Supreme Court Justice

The result of a red wave election could make the Americans Dream more real than it has been in decades. It can upset the socialistic minded candidates, who made and make false promises that they can never fulfill.

The alternative?  Venezuela, where a once prosperous nation a decade ago has been turned into a basket case economy, where some 2 million have fled, and the average person remaining has lost about 19 pounds due to hunger.

 

An avoidable socialistic tragedy, that they voted in, due to false promises.

ManufacturedHousingAssocRegulatoryReformMHARRMarkWeissDTSFHFA-GSEsGoingtoLargestBusinessesCorpAffiliatesDailyBusinessNewsMHProNews

Collage by MHProNews.

There is no free lunch.  Democrats can promise things that they can’t pay for, just as has occurred in Venezuela.  Look at Detroit under Democratic rule and bad trade policies.

Free Trade or Economic War?

The choices are increasingly clear.

 

But one must look beyond emotional manipulations, to the facts and evidence. In about 20 months, much has been accomplished.  Give the 45th president the Congress and Supreme Court Justice he needs to finish the job he has started so well.

Let’s keep the momentum going, together. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy 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:
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Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

Manufactured Homes Could Help Solve the Affordable Housing Crisis, So, Why Aren’t More Manufactured Homes Being Sold?

Tim Sheahan, NMHOA President, Controversial Points of Agreement with Marty Lavin, George Allen on Communities

September 11th, 2018 Comments off

 

TimSheahanPresidentNMHOAControversialPointsAgreementMartyLavinGeorgeAllenMHCommunities600x315

When it comes to doing relevant fact checks, analysis, and commentary, timing is everything.

 

In 1970, my city of San Marcos had a population of less than 4,000 and was part of the dramatic manufactured housing community development boom of the 1970s, adding over 3,000 pads among 18 manufactured home communities, which led to more than a doubling of the population by the mid 1970s,” wrote Tim Sheahan, President of the National Manufactured Home Owners Association (NMHOA).

The comments were part of Sheahan’s much longer written comments to the Federal Housing Finance Agency (FHFA), which for the last 10 years has overseen the Government Sponsored Enterprises (GSEs).

Like many areas of CA, manufactured home purchasers in San Marcos were lured away from metropolitan areas by the promise of a quiet semi-rural retirement lifestyle with low lot rents and nice amenities, which often included clubhouses/community centers, swimming pools and spas, saunas, shuffleboard courts, pool tables and card rooms, community kitchens; and, in some cases, tennis courts, golf courses and fishing ponds. Downsizing to a MH also enabled them to enhance their financial nest eggs for the retirement years. Initially, stiff competition among various developers during the only time a true “free market” situation existed in these communities commonly led to very reasonable starting rents.”

The above is a commentary that mobile/manufactured home professionals from that era, along with hundreds of thousands of mobile/manufactured home owners from that timeframe could agree upon.

Rephrased, those are statements that could be a possible starting point for common ground between communities and activist groups that are otherwise often at odds.

But what followed from Sheahan is where a significant degree of divergence – and hot controversies – arises.

Sheahan wrote, “As the communities filled with “im-mobile” homes, free market forces such as competition were lost and lot rents for captive homeowners skyrocketed in many areas of California. Proactive homeowners organized and eventually achieved rent stabilization ordinances in over 100 cities or counties in California to combat the contagious greed of many MH community operators. These ordinances protected not only homeowners, they protected lenders, dealers, manufacturers as well, while providing a “just and reasonable” return on investment for community operators, a similar standard as used in regulating utility rates. Local rent ordinances also helped fuel local economies by keeping more dollars in the pockets of homeowners to spend on goods and services rather than being sent to out-of-town operators in the form of excessive rent.”

Sheahan’s use of the term “im-mobile homes” is intelligent and insightful.  He thoughtfully explained that the phrase came from a researcher’s paper some years ago. He’s quite right to say that it’s not easy, instead it is costly, to move a manufactured home. Thus, the phrase, “im-mobile home.”

But the cost of a move for “im-mobile” manufactured homes (MH) are hardly the only factor that causes rising site fees in some communities. The proof is simple. In many parts of the country where land-lease site fees are rising rapidly – regardless of the cost – where would you move that “im-mobile home” to? Where are the new land-lease communities being opened in California, or many other states, that would keep the law of supply and demand in balance?

ManufacturedHousingAssocRegulatoryReformJOINMHARRbani-200x200

Click here or the above to learn more, which is not connected to this report.

Because it’s a combination of factors, including a lack of new construction of land-lease communities, that results in what Sheahan called “manufactured housing done extremely wrong,” when he, NMHOA or MHAction blast so-called ‘greedy’ property owners who aggressively hike a community’s site fees.

Sheahan’s own comments indirectly suggest as much, because it was during the MH community (MHC) building boom of the 1970s that MHC site fees were kept lower and in check.

So shouldn’t that be part of Sheahan and resident group’s arguments? That more communities need to be built, and more opportunities should be opened up for keeping site fees naturally in check?

The ‘two great laws’ could be one of those places where residents and manufactured home professionals – most notably, the small to mid sized independents – could find common ground.

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

 

George Allen, Marty Lavin – Periodic De Facto Allies With Sheahan?

Sheahan is not without de facto defenders, at least in part, among the ranks of manufactured housing professionals who oppose heavy hikes in manufactured home site fees on residents. For example, former community owners George Allen on his blog and Marty Lavin, JD, in recent comments to MHProNews have publicly attacked manufactured home community owners who have aggressively hiked site fees.

Lavin admits in written comments that he once did the same as community owners that raised rents to the point that residents moved out and legislators with rent control on their minds wanted to move in.  Lavin said that he realized through that process the error of that way.

He now cautions community owners from adopting that practice.

As Lavin told the Daily Business News on MHProNews in commenting about recent media reports that proved to be another black eye to the industry, “Sure, like most LLC [land lease community] owners, I railed at rent control. Hated it. Rent control was wrong, an intrusion on my property rights, raising rents was perfectly safe to do, a good business move, and it should be prohibited to have rent control! Over time, as I saw the destructive results of heavy rent and fee increases in LLCs, my thoughts shifted. There was a heavy bludgeon to the face to bring me around.”

That noted, a demonstrable problem that contributes to the concerns Sheahan and Lavin have described are land use policies.

Restrictive land-use, coupled with NIMBY-driven reactions, has demonstrably kept more manufactured home communities from being developed.  Restrictive land-use, and failure to enforce the enhanced preemption that the Manufactured Housing Improvement Act of 2000 established, have made it more difficult for those facing higher site fees.

With reduced options for tens of thousands of manufactured home owners in land-leases who’ve faced heavier site fee hikes, that can seem like what community owner Frank Rolfe referred to as customers being chained to the booth of a Waffle House restaurant.

But those comments by Rolfe and Lavin need to be taken in their context. Former community owner Allen, by comparison, simply leveled a blast at those who have done such heavy-handed practices, arguably as a way of dodging his relationships to those who generate problematic headlines. See a related report, linked below.

George Allen Blasts MHI, NCC Ignoring Own, Spencer Roane, SECO, COBA7, Tom Lackey Controversies

In roughly the last 2 decades, thousands of more communities have closed as opposed to opening. These are market forces that Sheahan, Weymouth, or others don’t normally address as factors that directly contribute to rising site fees. See those related reports, linked below

Hundreds of New Manufactured Home Communities Opened, But How Many Have Closed? Industry Research Result$

So it is a variety of market-based issues, some having nothing to do with ‘greed,’ that contribute to higher costs for community owners, which in turn are passed on to residents.

  • Mr. Sheahan, and
  • Rob Weymouth, writing columns supported by the DMHOA – affiliates of NMHOA and MHAction – have apparently failed to consider or mention those as serious reasons.
  • Furthermore – and here’s where the avoidable tragedioes occurs – when resident groups unjustly protest, they are arguably contributing to a troubled image that can make the cycle described herein demonstrably worse.
  • MHProNews has argued for years that there is a better way for residents and businesses alike. The goal should be mutual victories – win-win – or the outcome will be win-lose. Who is going to benefit from those win-lose battles?  If you read what Weymouth and Sheahan both say, it is often going to be the few, and they will tend to be the larger consolidators of independently owned communities.
  • The reason is the law of supply and demand.  The supply side must be addressed, or the rising demand will only make the current trends worse.

See that column by Weymouth, and comments from his supporters, at the related report, linked below. As an FYI to those who’ve read that report, this is the promised “Part 2” follow up to it.

MH Communities, Owners, MH Independents Alert – NMHOA and MHAction Next Steps? – Part 1

In a free market, the solution that ought to be encouraged is the construction of more manufactured home communities.  Sheahan’s own comments above demonstrated that it was during that phase of the industry’s history that site fees were kept in check. Of course, because there was competition.

Competition for manufactured home owners kept site fees in check.

But land-use, local NIMBYism – arguably made worse by protests and legal battles – have eroded the climate that made the creation of thousands of manufactured home communities by small to mid sized businesses a norm in years gone by.

How to reverse the vexing trends of recent decades?

The Manufactured Housing Association for Regulatory Reform (MHARR) has argued that it can be accomplished in part by making make more home sites available through a robust application by HUD of the Manufactured Housing Improvement Act of 2000 with local public officials.

There are fundamentally two paths.

  • The right combination of well informed and motivated residents combined with ethical businesses working together, which could lead to mutual victories through a savvy use of the free market.
  • Or by contrast, failure to act in win-win ways punishes the thousands of community owners who don’t do what Sheahan, Weymouth, Allen, and Lavin all say is wrong.  Who suffers?  Residents and small-to-mid sized businesses.  Larger businesses have historically proven to benefit vis a viz their smaller brethren in business when heavier regulations, including rent control or other factors, are in play.

 

Putting Facts in Perspective

Manufactured Housing Institute (MHI) statistics, their “data,” and claims are often wrong, as the Daily Business News on MHProNews has periodically pointed out.  MHI claims are unreliable often enough where they merit this type of disclaimer.

That said, MHI claims that site fees at manufactured home communities nationally average about 3 percent annually, similar to increases at apartments, but much lower than what property tax rates hikes are in markets from coast-to-coast.

CNBC reports that property values have doubled in the last 5 years, per ATTOM, and that some housing markets are seeing year over year (YoY) increases from 38 percent to 75 percent. RentCafe said 2017 increases in apartments were 2.5 percent over the prior year.

As WalletHub pointed out this year, “And though property taxes might appear to be a non-issue for the 37 percent of renter households, that couldn’t be further from the truth. We all pay property taxes, whether directly or indirectly, as they impact the rent we pay as well as the finances of state and local governments.”

WalletHubRealEstatePropertyTaxesByState2018DailyBusinessNewsMHProNews

The rent-control that Weymouth, DMHOA, NMHOA, MHAction and others promote will arguably only make the problem worse.  It is worth noting that not one official from NMHOA or MHAction would accept the offer of MHProNews publisher L. A. “Tony” Kovach to publicly discuss or debate the issues that led Weymouth to call on more Democrats to be elected.  Yet Weymouth himself admits that the rent control law his state’s legislature passed was “useless.”

In a Canadian province, their rent control law has likewise witnessed a shrinkage in home sites, as manufactured home communities close.  The result?  Similar to places, such as California, where when a community closes, it becomes difficult – as well as costly – to find another manufactured home community to move into.

The pattern described in the article below will arguably continue, so long as directives and roadblocks remain for the construction of new communities.  The other side of rent control is that fewer communities are being built.  However well intended Weymouth and Sheahan may be, good intentions can still have unintended and problematic consequences. The very things that Sheahan, Weymouth and others rails against are conditions created by heavy regulations, such as rent control.

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

 

Avoidable Tragedies for MH Owners and Businesses Alike?

Sheahan and others affiliated with NMHOA or MHAction cite specific community owners as their examples for aggressive hikes in site fees.

MHI award winner Lavin says:

  • the MH lending fiasco in the late 1990s and early 2000s,
  • plus those in the community sector that do aggressive hikes that residents like Sheahan have protested,

have harmed the entire manufactured home industry’s image among regulators, lenders, investors, and the public.

If so, then is there an analogy – a parallel – in the MH industry and community sector to what Daily Business News readers discovered from the Poverty, Inc video report?

IfYouReallyWanttoHelpPovertyThenthepovertyIndustryAsWeKnowitHastoGoPovertyIncQuoteDailyBusinessNewsMHProNews

Well intentioned programs have proven to hurt the very people they are supposed to help. That’s the contention of the highly acclaimed video documentary, “Poverty, Inc.” See clips and Learn more at the link below.

Acclaimed Poverty Inc. Video, MHVille – Why Left & Right Should Listen, Learn From Each Other

Is there a need to rethink the true root causes of the issues that face residents along with the honorable professionals in the industry?  Is there a need for more than good will?  A combination of the heart and the head working together?  That’s what Poverty, Inc. advocates.

It remains to be seen if some of the leadership of resident groups would enter into a serious discussion/debate over what would really work long-term for all involved.

What seems clear at this point is that the Manufactured Housing Institute (MHI) leadership has arguably rejected the possible courses of action that would be good for residents and small-to-mid-sized businesses alike. As Lavin has said, they operate on behalf of the big boys.

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

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

The industry’s most recent results suggest that by year’s end, something like 100,000 (+/-) new manufactured homes could be built.  But it should and could be more like 1 million (+/-) new homes annually that are needed to close the gap in affordable housing. Consider what the National Association of Realtors™ (NAR) Chief Economist Lawrence Yun had to say about supply, demand and its impact on price hikes.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

Those same principles outlined by Yun need to be generously applied to manufactured housing.

There are many contributing causes that explain the gap between how manufactured housing as an industry is performing, how it worked in the past, and how it could or should be.  The evidence reviewed in numerous reports on MHProNews reveals the gap and its causes.  See the linked related reports, found further below.  But this next Lavin-ism is worth mentioning.

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

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

What is certain is that how homeowner groups – or associations such as MHI, MHARR, NFIB or others – behave publicly in ways that contribute to the cure or the cause of that gap.

MHARR and NFIB are demonstrably acting in ways that are improving the business climate.  By contrast, MHI is continuing to behave much as they have since Warren Buffett led Berkshire Hathaway entered into manufactured housing in 2003, and began the takeover of MHI.  MHI acts in favor of their largest members, is what Lavin and others have said.

Getting headlines may create a thrill for some among resident-activists, but isn’t the bottom line result the more important metric?

The evidence suggests that NMHOA, MHAction – however well intended their members may be – are being led down a problematic path that has never produced the outcome they desired.

As the midterms approach, there are broadly speaking, two choices for resident and other groups.

  • Which political party is advocating for failed approaches, such as rent control?
  • Which party has done better in recent years for elevating the incomes and opportunities for workers?
  • Which party in recent years has done more for creating the kind of investor/capital environment that has lead to more business and job growth?
  • Which party is working toward more housing options, including more manufactured homes and communities?

Before you cast your ballots, get informed. Because the right vote can accelerate the real progress being made for manufactured housing during the still young Trump Administration. The wrong vote can slow or even reverse that progress.

Former President Barack Obama had eight years in the Oval Office. His first two of those eight years his party had control of the House, and Senate.  We should ask Mr. Weymouth and Mr. Sheahan:

  • Exactly what did Democrats do on a practical level that lifted up residents of manufactured housing?
  • Didn’t the rate of home ownership decline during the last Democratic Administration?
  • Didn’t the super-rich billionaire class – people like Warren Buffett, Jeff Bezos Bill Gates, and other supporters of Mr. Obama – grow richer?
  • Meanwhile, didn’t the working and middle class tread water or lose ground?
  • Didn’t small business suffer during the Obama years, while the giants and their lobbyists thrived?

YouAreEntitledtoYourOwnOpinions.ButYouAreNotEntitledToYourOwnFactsDanielPatrickMoynihanDailyBusinessNewsMHProNews

There’s talk and there’s results. There is style and there is substance. There’s feel good belief, and then there is evidence and facts. Which do you want? “We Provide, You Decide.” © (News, analysis, and commentary.)

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

 

“Thou Shall Not Steal,” $2 Trillion Annually Lost to Lack of Affordable Homes, Making the Manufactured Home Case

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies

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

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

Rising Prices and Rates Cool Housing Sales, MH Industry Pro Sounds Off, New Data & Video

August 22nd, 2018 Comments off

 

RisingPricesRatesSalesCoolingMHSuccesssoundsOffNewDataVIdeoDailyBusinessNewsMHProNewsLogoIn addition to the steady climb in [existing] home prices over the past year, it’s evident that the quick run-up in mortgage rates earlier this spring has had somewhat of a cooling effect on home sales,” said Lawrence Yun, Chief Economist for the National Association of Realtors® to the Daily Business News on MHProNews, via a release.

 

This weakening in affordability has put the most pressure on would-be first-time buyers in recent months, who continue to represent only around a third of sales despite a very healthy economy and labor market,” Yun said.

He added, “Is it reasonable to expect changes in the two bugaboos? Not when important elements of the industry appear uncooperative with potential new lending money and new lender money still feels very uneasy with the reality of MH lending.”

July2018ExistingHousingSalesSnahpshotNARDailyBusinessNewsMHProNewsLogo

The median existing-home price for all housing types in July was $269,600, up 4.5 percent from July 2017 ($258,100). July’s price increase marks the 77th straight month of year-over-year gains.

CNBCNARLogoExistingHomeSalesTrendLineJuly2018DailyBusinessNewsMHProNewsLogo

Lawrence_Yun,_NAR_Chief_Economist,_Realtor

Lawrence Yun, NAR Chief Economist.

In addition to the steady climb in home prices over the past year, it’s evident that the quick run-up in mortgage rates earlier this spring has had somewhat of a cooling effect on home sales,” said Yun. “This weakening in affordability has put the most pressure on would-be first-time buyers in recent months, who continue to represent only around a third of sales despite a very healthy economy and labor market.”

What Yun said is akin to what Redfin’s CEO Glenn Kelman said recently, see that book-end report, linked below.

“Buyers Have Had Enough,” says Redfin’s Glenn Kelman

Listings continue to go under contract in under month, which highlights the feedback from Realtors® that buyers are swiftly snatching up moderately-priced properties,” Yun said. “Existing supply is still not at a healthy level, and new home construction is not keeping up to meet demand.”

It’s the last point that manufactured housing professionals should be laser focused on.  While Bloomberg and NAR have recently, among others, provided positive news about the industry and its homes, that message has yet to break through in a robust way to the market.

 

 

Marty Lavin Sounds Off on Latest…

Regarding the Bloomberg article, that is the 312th article since 1970 which has appeared, gotten the industry all puffed up, then little changed,” said Marty Lavin, JD, with a tongue in cheek hyperbole.  For those who missed it, a look at the Bloomberg piece is found in the item below.

Bloomberg “New Home for $90,000? Manufactured Housing Is Making a Comeback” Reveals MH Media Challenge

marty-lavin-jd-manufacturedhomefinanceexpert-DailyBusinessNews-mhpronews

Industry success story, and MHI award winner, Marty Lavin, JD.

At no point do they [Bloomberg] explain how the industry will overcome the twin bugaboos of the last 70 years:

1) Who and how will the homes be financed? and

2) Where will they be sited as most older home-sites are unattractive and declining in numbers and NIMBY reigns supreme in new locations, seemingly everywhere?

Is it reasonable to expect changes in the two bugaboos? Not when important elements of the industry appear uncooperative with potential new lending money and new lender money still feels very uneasy with the reality of MH lending.”

Lavin well knows the “GreenSeco” history from the late mid-to-late 1990s, and into the early 2000s, that were the excuse the GSEs held to regarding lending on manufactured home for years.

The fact that the industry’s two largest lenders failed to provided data to the GSEs they requested – and that other industry lenders provided – gave the GSEs an excuse to begin a toe in the water lending program.  That could be part of what Lavin has in mind, who said also told MHProNews,So the association [MHI] is not there for the “industry,” unless the interests of the Big Boys join the industry’s.”

 

Lavin Unload Continues…

Still needed are substantial industry model changes to reach anywhere near the promise all see in the industry, but which the industry seems bent on avoiding. Note that the present MH model doesn’t mean some are not doing well. They are.”

Questions remain, however, whether the obstructionist, being in prominent positions industry-wide, are prepared to bare their kimonos in an effort to boost the entire industry. Such has not been the case in the last 40 years.”

That’s about as scathing a rebuke that Lavin has given to date for those who are “obstructionist” in their moat-building behaviors. The MHI award winner, and long-time success story in retail and communities, has pointed a finger at MHI and their “big boy” brands that have pled and postured growth, but have failed to do what’s necessary to actually achieve growth.

For a prior Daily Business News item with additional quotes from Lavin on a related topic, see the related reports, linked below. “We Provide, You Decide.” © ## (News, analysis and commentary.)

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

 

Related Reports:

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

Trendlines Don’t Lie, Real Challenges, Hidden Manufactured Housing Opportunities Revealed

Richard ‘Dick’ Jennison, Manufactured Housing Institute CEO, Doubles Down, Industry Reactions, Fact Check to Growth Strategy

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

“Thou Shall Not Steal,” $2 Trillion Annually Lost to Lack of Affordable Homes, Making the Manufactured Home Case

August 4th, 2018 Comments off


ThouShallNotsteal$2TrillionAnnuallyLostLackofAffordableHomesMakingManufacturedHomeCase

After years of arguably failed polite talk, perhaps more direct and blunt words are needed.

 

The logic of research economists Chang-Tai Hsieh and Enrico Moretti is that improper land use policies are costing the nation some $2 trillion dollars a year.

Past25YearsHousingConstraintsChangTaiHsiehUChicagoEnricoMorettiUCBerkely

See the Daily Business News report on that topic, at this link here. It includes a download of their research.

The reasoning of National Association of Realtors (NAR) Chief Economist Lawrence Yun is that only more and faster new construction will fix the housing affordability issue.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

It is this Daily Business News on MHProNews writer’s understanding, Dr. Yun prompted Scholastica ‘Gay’ Cororaton, Certified Business Economist (CBE) to research manufactured homes. Among her 30 pages of reports, charts, and data include the following.

 

CompareMobileHomeTrailersPastManufacturedHomesSaferMoreDurableQuoteScholasticiaGayCororationPhotoSmallPercentageDamagedDuringHUrricanesMHProNews

See more of her research, at this link here.

 

The logic of Trulia’s research, summarized by the data in the graphic below, supports that of the research economists above. Affordable housing has negligible impact on all other housing nearby. Both forms of housing are growing in value, side by side.

TruliaImpactofAffordableHomesHousingValueDailyBusinessNewsMHProNews

The Trulia research reinforces what HUD’s PD&R on manufactured homes (MH) found, that MH appreciated side by side with conventional housing.

But what if that affordable housing are manufactured homes? Do manufactured homes harm property values for neighboring conventional housing?

The university level research that HUD commissioned in their PD&R report preceded the Trulia study. It looked at manufactured homes as infill in cities, right next door to conventional site built, single family homes.

The results?

Housing values of both conventional homes and the manufactured homes appreciated side-by-side.

RegulatoryBarrierstoManufacturedHousingPlacementinUrbanCommunitiesHUDPDR-postedManufacturedHomeLivingNews595x357

The research from multiple cities documented that manufactured homes appreciated side-by-side with conventional housing. The findings are similar to what Trulia’s study learned. https://www.manufacturedhomelivingnews.com/wp-content/uploads/2018/04/2011HUDPDRRegulatoryBarriersManufacturedHousingPlacementUrbanCommunitiesMHLivingNewsPDF.pdf

The summary of the logic of the third-party researched facts are overwhelming when laid out side-by-side like this.

But the irony is that Harvard’s Joint Center for Housing Studies researcher Eric Belsky came to the conclusion over 16 years ago that manufactured homes where likely to surpass conventional housing in production. No doubt for the kind of reasons Cororaton more recently cited.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH won’t reach 40 percent of that total. What happened?

 

Richard Genz did research prior to the statement by Harvard’s Belsky, making the case for manufactured home quality and durability in a study for the Fannie Mae Foundation.

 

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

So what happened?  Why were Genz and Belsky – the obvious logic of their clear view that manufactured homes deserved support and were bound to grow – why were their visions not realized?

How is it possible than when manufactured homes (MH) – by law – must perform dynamically the same as conventional housing in safety, durability and energy savings – and when MH costs less, why aren’t more HUD Code homes being sold?

 

 

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

 

The simple answer is that a variety of seemingly unrelated forces have been at play.

Those forces included, but where not necessarily limited to:

–   ignorance,

–   prejudice,

–   greed,

–   political and regulatory pressures, fostered by the above,

–   and perhaps a failure to put all these facts back-to-back, to see reality vs. outdated perceptions. Fear and falsehoods were allowed to drive too many people’s thinking.

President Gerald Ford said prior to the HUD Code that the “mobile home” industry would always be necessary. It was market-based affordable homes, that routinely required no taxpayer subsidizes.

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

Failure to heed that observation caused city after city on “both coasts” and the interior of the U.S. to lose decades of opportunities for more housing affordability.

The upshot?

Growing homelessness, including vehicular homelessness.

“Vehicular Homelessness” Rising, Land Use, and Manufactured Housing Policies

 

The answer being sought by many among the politically connected is to build more subsidized housing. In fact, for over 50 years, those housing programs have proven to be unable to keep up with the ever rising demand. The Heritage Foundation estimated that those social programs – which included subsidized housing – cost the nation some $22 trillion dollars in 5 decades.

That’s virtually the same amount as the national debt.

Isn’t it lunacy to continue doing more of the same self-evident failures? Why not turn to the proven solution?  Why not use free market driven investments by entrepreneurs vs. tax dollars?

MobileManufacturedHomeManufacturedHousingIndustryFactsDataResearch

 

What’s Missing in the Data? Real Harm to Real People

We as a society can’t change what’s happened. But we can learn from it. Perhaps the data needs to be humanized?  Do we need poster children to show what’s happened, and how that’s harmed Americans?

Almost every retailer who has sold a manufactured home direct to the public for at least a year has encountered the following scenario. Often numerous times.

A single, couple or family/household owns or wants to buy a manufactured home for a piece of property. But a local official stops that placement. Isn’t that using the force of law to rob people of the opportunity to own an affordable home?

The non-profit Equal Justice thinks so, and successfully sued a town on that issue. They are now suing another city.

Lawsuit Filed Against City to Defend Manufactured Home Owners Rights, led by Equal Justice Non-Profit

What does that process of denying Americans affordable housing actually cost such persons or families?

More personal wealth.  Keep in mind that HUD Secretary Carson spent some time in 2017 telling people that home owners had an average net worth of some $200,000, while the average renting household only has $5000 net worth.

The logic of Florida Atlantic University (FAU) Professor Kenneth Johnson’s research indicates that manufactured home ownership may yield the most wealth for a household. The lower the cost of the housing, for a disciplined saver/investor, the greater the potential for other investments, thus increasing personal wealth.

KenHJohnsonPhDFloridaAtlanticUnivRealEstateEconomics-ManufacturedHousingIndustryDailyBuisnessNewsMHProNews

FAU’s Ken Johnson made an eye opening point that applies to manufactured homes in terms of the ability for manufactured homes to help build more personal wealth https://www.manufacturedhomelivingnews.com/researchers-shake-up-american-dream-rent-vs-buy-ken-johnson-florida-atlantic-university-exclusive-to-manufacturedhomelivingnews/

The Government Accountability Office (GAO) and Cororaton’s research both demonstrated that manufactured homes are the lowest cost form of permanent housing. Less than rent, and even when higher rates and shorter loan terms, manufactured homes dramatically lower price yields the lowest monthly payments.

 

But we can put a face, a family, to this snapshot.

The Rev. Donald Tye, Jr. said that their affordable pre-HUD Code factory-built home made it possible for he and his wife to do things for their family they could not have done any other way.  Tye told MHProNews that planners are missing out on the many social and economic benefits that affordable home ownership provides.

RevDonaldTyeJrManufacturedHousingAdvocateQuickestWayWealthIndustryVoicesMHProNews500

He also addressed the lost tax benefits, as well as the prejudice against manufactured homes, and the misuse of terminology like this.

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

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

ItsAsWrongtoUseNWordToDescribeBlackAsUseTWordTodescribeManufacturedHomeRevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword

Mark Weiss, JD, weighed in on that same point, saying the the use of the t-word is offensive to millions.

TheDeliberateMisueofTerminologyCanBeOffensivetoMillionsWhoProudlyOwnAManufacturedhomeOrThousandsinourIndustryMarkWeissMHARRMHproNews575

A poet who sold her conventional housing to buy a manufactured home was shocked at the prejudice generated by others.

Taking on the Trash Talk! Are People Defined by their Housing Choice? Video, Photos

There are letters-after-letters, stories-after-stories that have a similar refrain.  Here’s a pair of others.

“Home Sweet Home” – Assistant Mayor Wants to End Housing Choice Stigma

Trade Publisher, Experts call for Respect, Understanding for Manufactured Housing, Manufactured Home Owners

Part of what should have been learned in recent decades is that there is a huge cost to taking opportunities from others. That arguably becomes a form of theft.  Thus the commandment that most faiths believe to be true – “thou shall not steal” – reasonably applies.

It includes mobile and manufactured home community owners who in various jurisdictions are increasingly being told that they can’t replace an older home with a new one. What?

“Unconstitutional Taking,” “Gentrification on Trial” in Recent Oak Hill Manufactured Home Community Ruling

A state supreme court ruling in one case was described by an attorney as an “unconstitutional taking.” That community owner won. But how much time and effort did it cost that community owner to be allowed to use their own land as a place where affordable home ownership can occur for families?  Those legal costs have to be passed onto others, those who live in those affordable manufactured homes.

Time and again – however well intended the local policies may be – the net result is that it is costing millions opportunities for more affordable home ownership.

 

The High Cost of Ignorance and Prejudice

This writer told a group of business professionals last year in Deadwood that manufactured homes were the civil rights issue of our times. That message was applauded by those who know first-hand how difficult it can be to sell a manufactured home, and get it safely installed on an appropriate permanent site and foundation.

CivilRightsIssueAbolitionCivilRightsAffordableQualityHomesManufacturedHousingDrMartinLutherKingDailyBusinessNewsMHProNews

LATonyKovachPresenting%StateConvDeadwoodSDKenCorbinCommentManufacturedHousingIndustryEventDailyBusinessNewsMHProNews

Tony Kovach doing a presentation in a packed room of industry professionals.  The essence of the talk was the importance of educating people locally about the truths regarding modern manufactured homes.

The logic of these facts is this.

$2 trillion dollars a year is lost in GDP – that’s the cost of ignorance and prejudice against manufactured homes in America.  Take 326 million Americans, divide it into $2 trillion dollars lost annually, and that’s like $6,134.97 per man, woman and child.

For a family of four, that’s $24,539.88 in lost U.S. GDP.

It’s an avoidable loss, and can be fixed by a proper understanding coupled with the application of existing laws, as you will see below.

 

Terminology Matters

People wrongly believe the terminology for factory built homes is optional. It’s not. The correct terminology is a matter of law – the code which a home was built to meet.

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

After more than fifty years of short-sighted and prejudiced thinking, it’s decades past the time that modern manufactured homes be seen for what they are.  It’s time to stop cherry-picking exceptional tales, and to look at the broad facts.

PublishingHandPickedInformationCanBeWorsefortheImpressionItMakesOnManufacturedHomesandOurIndustryThanStatingEntirelyFalseInfo-BradLovinNCMHA

To see the report on tornadoes and manufactured homes, click here.

 

Manufactured homes are the solution for the affordable housing crisis that’s hiding in plain sight. It must be noted that modular and other forms of factory home building can all perform a vital part of the solution to America’s costly affordable housing crisis.

But because of the genius of the HUD Code, setting national standards with regional requirements, much of the harm caused by local regulators is avoided with manufactured homes.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

Every photo above is a manufactured home.  For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here..

 

Solutions? Parallel Path One

The former chairman of the Manufactured Housing Institute (MHI), Tim Williams, President and CEO of Berkshire Hathaway owned 21st Mortgage, said the following.

People cited in this column today might later say something different, perhaps because they may (errantly) believe that money tempts them to do so.  Some back off due to other pressures.

But they can’t unring the bell on what they’ve already said.

A consistent theme of MHProNews and MHLivingNews for years has been the need to honestly and sustainably grow the industry. We have never advocated, for example, for the kind of poor lending practices that led to the post-1998 nosedive of manufactured home sales.

Education – sound information are a key step.  21st’s Williams was right, and so was Frank Rolfe, who said that the media must be engaged with the truth when errant information crops up.

 

 

Solution – Parallel Path 2 – The Logic of Sound, Sustainable Lending

Lenders are protected when home values are protected.

Home values are protected and enhanced by demand and sound lending.

Sound and profitable lending is good for business, good for people, and good for the economy.

Good information – vs. prejudice or short-sighted thinking for whatever motivations – is how bigoted influences are pushed out.  This is how information and sound lending, parallel paths, can support each other, as a train running on a track is supported by parallel rails.

 

Manufactured Housing Appreciation?

The Urban Institute, and the National Association of Realtors ® have both reported what MHProNews and MHLivingNews has said for years. Manufactured homes can and do appreciate. But why are there times that they don’t rise in value?

First, all housing rises and falls in value for much the same reasons.

I’m not speaking for ‘Gay’ Cororaton when I share my take on a conversation this writer and she had a few weeks ago. I asked her about the economic logic of the following

Home appreciation is fueled by the following factors.

  • Location,
  • Condition of the home (maintenance, appearance),
  • Demand for housing,
  • Local economic factors (wages, employment opportunities, etc.), and
  • the availability of reasonable lending. Other points could be mentioned too, but those are key ones.

So, if any of those factors are reduced or eliminated, then the value would be lessened. Think about conventional housing post 2008, lending dried up, housing dropped in value.

My understanding was that she agreed with those principles.  My hunch is most objective thinkers and economists would too.

That being so, consider this.

Because manufactured homes have had lending options artificially reduced due to the absence of robust support from the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac, then to some degree, that will influence resale values. Again, my understanding was that she agreed with that premise.

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

In our comments letter to HUD, we stressed that since the GSEs were arguably not doing their job, that FHA could step up to the plate, as should VA and USDA (Rural Housing) loans.

Now, let’s rephrase that to make the following point.

For decades, the GSEs have resisted lending on manufactured homes. Fannie Mae’s highly touted MH Advantage is arguably another artful dodge, as it forces manufactured home builders to meet additional criteria beyond what the HUD Code mandates.

 

“Take the MH Advantage Challenge – Can You Tell the Difference?” Fisk of Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business for Fannie Mae

Who worked with Fannie Mae on that MH Advantage program? Our sources say, past and current members of the Manufactured Housing Institute (MHI).

Why would MHI argue for a so-called “new class” of manufactured homes – where there is no data or track record – when there is decades of data and track record that proves the value of millions of units of HUD Code manufactured homes?

ManufacturedHousingAssocRegulatoryReformMHARRMarkWeissDTSFHFA-GSEsGoingtoLargestBusinessesCorpAffiliatesDailyBusinessNewsMHProNews

Collage by MHProNews.

That was the logic of Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform.

Rephrased, who benefits, and who is harmed by this questionable ploy between MHI and the GSEs?

Hold that thought for latter.

Because the bottom line is this. Manufactured homes have proven their value. Their value would logically be enhanced, given a proper understanding of their safety, quality and durability.

 

Two Types of HUD Code Manufactured Homes?

This writer has told people for years that there are broadly speaking, entry level manufactured homes, and residential style manufactured homes.  Both styles must meet the safety, energy and construction standards set forth by federal law under HUD and the DOE.

When you go shopping for a vehicle, there’s a wide array of sizes and styles to select from.  There are entry level cars, mid-range, and luxury ones too. That can be said about cell phones vs. smart phones, RVs, laptops, or most any product one cares to consider.

So, with manufactured homes, it is similar. If all you’ve seen are entry level manufactured homes, then you need to see a residential style one.

 

One must stress that any and all manufactured homes must all meet HUD’s safety, energy, and durability standards. From the least costly, all manufactured homes (MH) get consumer protection not found in conventional housing that costs many times the price. It was the MH industry that fought for that legislation – MHARR MHI, and states like Texas too – as part of the Manufactured Housing Improvement Act (MHIA) of 2000.

compare-interiors-class-c-apartment-vs-modern-manufactured-home-credits-betweenapsontheporch-manufacturedhomelivingnews-com-posted-masthead-mhpronews-com-

Credits are as shown, collage by MHProNews.com.

But another key part of the MHIA of 2000 was enhanced preemption. That enhanced preemption is the key to unlocking $2 Trillion dollars a year in increased GDP for the U.S. This needs 5 stars next to this point.

Put differently, there is no need to wait for local jurisdictions across the land to get a backbone, or learn the truth the obliterates their ignorance, prejudices, sweetheart deals to favored developers, etc.

All that’s needed is for HUD to enforce existing law.  Enhanced preemption for manufactured homes is already the law of the land.

Let’s say that again for emphasis. All that’s needed is for HUD to enforce existing law.  Because the MHIA of 2000 preemption protects the rights of everyday Americans to buy and safely install a manufactured home on any buildable property.

We don’t need decades of battles, or more studies. The logic and the realities have been hiding in plain sight for years.

 

The Urban Institute’s Vital 2018 Question

Urban Institute researchers in a January 2018 report came to some similar points about manufactured homes, appreciation, and related. They asked a key question. Why aren’t more manufactured homes being sold, when they are a proven part of the solution to the affordable housing crisis?  Here’s how they phrased it, in the caption above “We Follow the Money.”

UrbanInstituteWeFollowTheMoneyClaytonHomesDailyBusinessNewsMHProNews560x352

What they didn’t say was as important as what they did say.

One researcher was Edward Golding, who used to work for HUD. That wasn’t disclosed in their report. Golding had Pam Danner, JD, periodically report to him. Danner was the Administrator for what the Washington Post called the “once obscure” Office of Manufactured Housing Programs (OMHP).

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

Which begs this question. Why didn’t Golding and others at the Urban Institute mention enhanced preemption in their reporting on manufactured homes?

After all, zoning, economic prejudice, and enhanced preemption all intersect.

When manufactured home businesses and state association executives from coast to coast say that zoning/land use/placement are key issues, how could Golding or the Urban Institute fail to mention enhanced preemption?

Hold that thought. Because another undisclosed fact was the connection of Warren Buffett as a lifetime trustee for the Urban Institute. It’s mentioned on the big Urban Institute site, if you got hunting for it. But there was no disclosure on the article that Golding and his fellow researchers published on the topic.

 

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

Nor did the Urban Institute mention that the Manufactured Housing Institute (MHI) helped forge their paper. A source at the Urban Institute told us that “anonymity” was promised to MHI and Clayton, for their role in crafting their report.

What?

Since when do non-profits and university level style researchers not state their sources? Since when are possible conflicts-of-interests not disclosed by nonprofits or researchers in publishing their findings?

 

Smoking Guns…?

Eric Belsky made another statement about housing that very much applies to the question the Urban Institute asked.

CreditIsTheLifeBloodOfHousingEricBelskyHarvardDailyBusinessNewsManufacturedHousingIndustryMHProNews

It’s a statement that most every manufactured home retail or community professional who experienced the slide from 1998 to 2008 know all too well. For more on Belksy, and MH, click here.

 

Let’s go back to what Belsky and Genz said over 15 years ago. Belsky expected manufactured homes to advance, so did Genz.

Why didn’t they?

Short answer, lending was choked off. Absent enough lending to supports home sales, there will be fewer manufactured homes sold. Duh, right?

KennyLipschutzQuotePoorJobOfLobbyinginMHIndustry-postedMHProNews-com

Kenny Lipschutz, Home First Certified Communities.

Absent a level playing field on lending or resales, manufactured homes are placed at a disadvantage in resale values.

Another issue is appraisals. Thousands of appraisers misunderstand manufactured homes. But that too is and educational issue, noted here as a placeholder.

So, we see the need for factual, evidenced and reason-based thinking about manufactured homes. Among the best-informed investors is arguably Warren Buffett. He reads and reads, per his own statements, and that of others who know him.

So why did Belsky miss his projection about manufactured housing achieving dominance in production over conventional builders by 2010? Arguably, the short answer is that Belsky did not count on Warren Buffett entering the industry in 2003. Belsky didn’t count on what Berkshire Hathaway did, as they began to deploy the Buffett strategic “Moat.”

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

Who speaks of “the moat?” Warren Buffett explains his principles of “the Moat” in a video on the page linked below. So does Kevin Clayton, in a separate video also found below.  Clayton says in his own words in that video that “Warren” stresses widening “the Moat” against competitors on a routine basis.

 

Best Warren Buffett, Kevin Clayton, Clayton Homes, Berkshire Hathaway Annual Meeting, Competition, and “the Moat” Video Collection

 

The Truth is Not Political

We believe that truth is apolitical, but political officials may use – misuse, ignore, or abuse – the truth.

A closer look at the problem of why there is not more manufactured housing being sold can be summed up by the notion of the impact of failure to educate, and monopolistic practices. Who says?

GuruFocus and the Seattle Times.

MoatCastleBuffettBerkshireClaytonHomes21stMortgageVanderbiltMortgageManufacturedHousingIndustryDailyBusinessNewsMHProNews550x305

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat. http://www.mhpronews.com/daily-business-news/seattle-times-federal-investigations-berkshire-hathaways-clayton-homes-gurufocus-spotlights-buffetts-claytons-unethical-monopolistic-moat/

 

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

And the evidence that manufactured housing’s ascendancy was derailed by forces within the industry is found in part with documents and quotes from Berkshire owned 21st Mortgage, Warren Buffett’s own words, and Berkshire dominated MHI’s own chart.

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

Thousands lost their businesses, and millions arguably lost the opportunities to benefit from manufactured home ownership. It’s cost taxpayers a fortune, that can be measured in the trillions of dollars in losses to the GDP, and avoidable costs to federal taxpayers.

How Many MH Independents, Retailers Have Been Lost Recently? “They Think They Own Us”

 

The Problem of the One Percent

We won’t hype the issue of the 1 percent, nor understate it.

What this will propose that may be unique is a free enterprise solution to the problem of the one percent. It’s this. De facto monopolistic forces are at work in manufactured housing, and in other parts of the economy, such as the tech giants.  Apply the logic of the NY Stern professor to manufactured housing, and it is just as apt as it is when applied to the world of the tech giants.

We’ll let Professor Scott Galloway make his case in tech.

 

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

But for those who believe that monopolistic forces harm Americans, we can point to voices as politically separated as Senator Ted Cruz and Congresswoman Maxine Waters.

If we start listening to the factual points – vs. the opinions or spin – of what others are saying, those facts can lead someone to the root issues.  Facts are what is.  Opinions and interpretations are a dime a dozen.

The opportunity to use evidence, facts, and objective reasoning to discover the underlying causes – and thus the cures – of the affordable housing crisis is possible.  Keep in mind, that sooner or later, monopolies arguably harm workers and consumers.

 

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

 

The irony may be this. Aren’t even monopolists harmed by what they create?  Think about that $2 trillion a year in lost GDP.

Regardless, society as a whole is harmed, and that is why anti-trust laws exist.

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

 

The Fix is Applying Existing Laws

There is no need for years of delays in hearings or more studies.

Antitrust laws debatably need to be applied to Berkshire Hathaway, and to all others in business who’ve become invasive, as Galloway said.

The Smoking Gun 3 documents, facts and related quotes from officials who are part of Berkshire speak for themselves.  It would be difficult for them to unsay, what they’ve already said that arguably proves they are monopolistic.

MHI and Berkshire Hathaway has been given repeated opportunities to respond to any of these concerns.  Rather than respond, instead of debating the merits or misses in this reading of the facts, they’ve tried a variety of other tactics.  But if they could easily disprove this, why haven’t they?  Those from Berkshire brands who once praised us, now sit in silence as we publish reports like this one. Why?

TimWilliamsMHProNewsMHLivingNewsGoodCommunicationsResourcesILogonLatestNewsBigAssetExplainWhyIndustryVoices-768x339

Part of several messages for publication by Tim Williams to MHProNews. MHI’s president praised us for some years to, as this mirthful short demonstrates. 

MHI should be scrutinized for fostering the conditions that allowed manufactured housing to be derailed from what Belsky thought was a bright future. Some who see the problems outlined herein hold out hope that MHI can be redeemed. This writer – based upon sources, evidence and past history – believes that people can change, but that said, the evidence is that MHI’s leadership isn’t changing.  Thus, they need to be exposed, and supplanted with something entirely new.

MHARR does its job, but an MHI award winner says that MHI works only for the “the big boys.”

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

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

 

I’ve said for years that pretty pictures alone are not enough to convince people of the truth about manufactured homes, and what it can do to transform for the better millions of lives.

RememberThisQuoteIrPrettyPicturesMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews

Education is the answer. Refuting false claims must be part of that educational process.  People aer entitled to their opinions, but not to their own facts.

Understanding the issues are can help avoidable for others the tragedies caused by ignorance, greed and the evidenced based factors alleged herein. Millions of Americans have been robbed of what they could have had, instead of subsidized housing, or a life of rental, give people the information and opportunity to increase their personal wealth through affordable home ownership.

There are numerous voices that have blasted MHI’s hypocrisy. The one above is just one of many.

It’s time for the disinfectant of sunlight to cure what decades of ignorance, private agendas, monopolistic forces, and prejudice has caused.

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

It’s time for the truth that’s been hiding in plain sight.

The reward is $2 trillion dollars in enhanced GDP annually, just by applying existing law.

The reward is that affordable home ownership could would do for millions of all colors and creeds.

Let’s stop robbing people of the possibility of a brighter future.  That theft has debatably occurred by misusing government and economic power.

Rather, lets allow existing laws to go to work, so that Americans select the home of their dreams, wherever they have a buildable home-site. More can be learned from the links from this article, but that’s enough said for today. “We Provide, You Decide.” ## (News, analysis, and commentary.)

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FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

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

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Related References:

Movie Mogul Rupert Wyatt and Screenwriter Erica Beeney’s Magnificent Manufactured Home

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies

Friday the 13th, Mobile Homes, Fires, Tornado Magnets and the 2020 U.S. Census

July 13th, 2018 Comments off
Friday13thMobileHomesFiresTornadoMagnetsandthe2020U.S.CensusManufacturedHousingIndustryDailyBusinessNewsMHpronews

What if the HUD Code or ANSI labels are missing? Or what if it is a pre-HUD Code mobile home? How will the media report this? 

It’s what award-winning manufactured home industry professional Marty Lavin, speaking tongue in cheek, called the industry’s “other image campaign.”

 

It’s what Darren Krolewski, now Co-President of MHVillage, said is part of the ongoing wave of bad news in mainstream media about “mobile homes” that seems to outweigh the good news about manufactured housing.

Among the most common mainstream news items related to factory-built homes in America are stories about mobile homes that catch fire.

Some mainstream news items are stories about arson. Others are kitchen fires, or the cause of the blaze may have been a careless smoker. But whatever the cause, because of the nomenclature issue with mainstream media, the false impression is left that manufactured homes are more susceptible to fire than conventional housing.

Another common local news topic, especially after the start of the tornado and hurricane seasons, are windstorms and “mobile homes.”

Because of the internet, every local story is carried globally. That means that people throughout the U.S. that are researching or shopping for a home, get the false impression that caused Ohio’s Governor John Kasich to mistakenly target manufactured housing for fire hazards.

While the Ohio Manufactured Homes Association (OMHA), and their state’s resident group lost that battle, the OMHA’s routine push-back may have been a factor in rising new manufactured home shipments there, when two other states in their region are seeing declining new manufactured home shipments.

Alabama and Florida are among the state associations that have pushed-back on the problematic narrative of “mobile homes,” manufactured homes, and windstorms.

ProperDefinitionsMobileHomeManufacturedHomeOrTrailerHOuseCivirlRightsPublicPolicy&ValuesIssuesSunshineHomesDailyBusinessNewsMHproNews550x315

How many know that manufactured homes are as safe as a conventional house? It’s older mobile homes that routinely create problematic news. Which is why both data collection and nomenclature are key issues to advance manufactured housing education, which will boost sales naturally, Fixing the Census on this issue can help. 

 

The Common Denominators, Root Issues?

What are the common denominators in these vexing mainstream news stories?

Two factors, one is nomenclature/accurate data. That challenge should be tackled at both the local market – the state level, and nationally – as our recent Daily Business News article spotlighted at the link below. As with any linked article, that can be read later for greater depth of understanding and more related facts.

Proper Definitions, Mobile Home, Manufactured Home, or Trailer House – Civil Rights, Respect, Public Policy, & Value Issues

 

But the other is an issue of data collection. That’s where the U.S. Census Bureau comes in.

The Census Bureau provides often useful data for manufactured housing, because it reveals the substantial price savings over conventional construction.

But the flip side of the Census Bureau is what storm researchers have told MHProNews and MHLivingNews.

The Census Bureau’s database needs to collect accurate counts of how many manufactured home are in use, as well as how many pre-HUD Code mobile homes are in use.

NPR-Tornado Hits Mobile Home, Fact Check-Why Terminology Matters to Manufactured Housing Industry, Home Owners, Weather, News Pros

Doing that, say storm researchers, would aid them in their impact models, which currently – and unfairly – lump pre-HUD Code mobile homes in with post June, 15, 1976 built HUD Code manufactured homes.

Letters to congressional representatives, U.S. Senators and other public officials asking for this bureaucratic change is long overdue, and a necessary common-sense step that would arguably save taxpayer dollars over time.  Why?  Because more manufactured home sales would arguably reduce the numbers of subsidized housing units needed.

Having the Census Bureau make a change in their data collection is an example of an issue that is ideally handled by state or national post-production associations. So those who are members of such groups should be asking them to engage in this.

It is a fact that more mobile homes burn more than manufactured homes.  More pre-HUD Code mobile homes blow away than manufactured homes. The success of the quality and safety of the HUD Code is undermined by poor data, and poor nomenclature.

Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home

The solution is good information and media engagement.

That requires pro-active efforts now to make this part of the rapidly-approaching 2020 Census. It is an opportunity for associations to do what Nathan Smith said is necessary, namely, to be pro-active.

On this Friday the 13th, its an apt time to change decades of often avoidable misfortune into potentially millions of more new manufactured home sales, all by taking common sense steps now. Each manufactured home professional, advocate, and investor is either part of the solution, or part of the problem. “We Provide, You Decide.” © ## (News, analysis and commentary.)

 

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Related Reports:

Proper Definitions, Mobile Home, Manufactured Home, or Trailer House – Civil Rights, Respect, Public Policy, & Value Issues

 

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For Businesses and Professionals, “It’s About the Benjamins,” Workers Agree, and Manufactured Housing Progress

July 4th, 2018 Comments off

ForBusinessesAndProfessionalsItsAllAbouttheBenjaminsManufacturedHousingIndustryProgressDailyBusinessNewsMHproNews

Capital, financing, regulatory and other internal or external hurdles have hampered the recovery of manufactured housing (MH) for some 15 (+/-) years.

 

Certainly, jobs and the general economy are also factors in selling more manufactured homes, as publicly traded companies in manufactured housing often tell their shareholders or potential investors.

marty-lavin-jd-manufacturedhomefinanceexpert-DailyBusinessNews-mhpronews

Marty Lavin, JD.

Areas in America that lost factories have ripple economic consequences, said noted manufactured home industry finance, retail, and communities veteran, Marty Lavin, J.D.

Some places were as devastated by years of trade questionable U.S. trade policies as if they had been war zones, said Lavin, in his analysis linked below.

Free Trade or Economic War?

While there are plenty on Wall Street types that fret and disagree with the Trump Administration agenda, some are now seeing it as Lavin expressed exclusively to MHProNews weeks ago.

There are plenty of naysayers across the left-right political, economic, and media divide on the issue of trade.

I actually think he’s (Trump’s) right on the big picture on trade,” Eric Lonergan, macro fund manager at M&G, said.

Lonergan doesn’t necessarily agree with the administration’s rhetoric, but he is confident that the principles are sound, he told CNBC on Wednesday.

Lonergan added, Europe is free-riding global demand, running huge trade surpluses and nobody has really stood up credibly to that ideology until Trump.”

CNBC’s accompanying take is that “Trade relations between the U.S. and some of its biggest trading partners — Europe, China, Canada and Mexico — are at rock bottom several months after Trump first threatened to slap import tariffs on steel and aluminum imports after alleging trade abuses.”

As if to confirm Lavin’s and Lonergan’s thoughts, enter Arancha Gonzalez.  Gonzalez is the executive director of the International Trade Centre (ITC), and said that Europe and the Trump Administration could be closing the gap on trade talks.

The EU is saying two things. The first thing… is we will not negotiate under a threat, we will not negotiate with a gun to our head. But the second thing the EU is saying (is) that, alright, if there is a particular sector causing difficulties to the U.S. like vehicles, let’s sit down and discuss,” Gonzalez told CNBC’s Joumanna Bercetche on Wednesday.

In the video interview that follows, the president teases with a smile that the various nations in the trade feuds are calling routinely.  He confidently expects new, better trade deals for America.

If so, that would further fuel economic growth, which should benefit workers, and the MH industry’s continuing recovery.

 

Exclusive Interview of President Trump With Maria Bartiromo 

In the video below, President Donald J. Trump addressed a range of issues, starting with replacing Justice Kennedy on the Supreme Court, with Maria Bartiromo on ‘Sunday Morning Futures.’

 

This video interviews also addresses the U.S. economy, trade deals, plus his vision for the next phase of tax cuts and reform.  It’s under 13 minutes, and covers a lot of meaty topics in that time. That’s a curated look at the “News through the lens of manufactured homes, and factory built housing.” © ## (News, analysis, and commentary.)

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Related Reports:

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

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

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

 

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New High Mortgage Rates, Latest Core-Logic Housing Price Data

June 27th, 2018 Comments off

RisingInterestRatesPlusLatestCoreLogicCaseSchillerHouiingPriceTrendsandDataManufacturedHomeIndustryMHProNews

The S&P CoreLogic Case-Shiller 20-city home price index moved up 6.6 percent from a year earlier.  Housing price increases in Seattle, Las Vegas and San Francisco were at a double digit clip, the organization said in a release to the Daily Business News.

 

U.S. home prices rose in April from a year earlier, lifted by bidding wars in many cities where would-be buyers fought over a sparse supply of homes.

In April, Seattle led the way with a 13.1% year-over-year price increase, followed by Las Vegas with a 12.7% increase and San Francisco with a 10.9% increase. Nine of the 20 cities reported greater price increases in the year ending April 2018 versus the year ending March 2018,” the S&P CoreLogic Case-Shiller release stated.

FREDCaseschilelrHousingIndexManufacturedHousingIndustryDailyBusinessNewsMHProNEws

Prices rose even as home sales fell and mortgage rates climbed,” noted Newsmax.

Mortgage rates reached a seven-year high in late May of 4.77 percent, before declining this month. As of last week, the 30-year fixed mortgage rate averaged 4.57 percent, according to Freddie Mac. A year ago, it was 3.9 percent.

FREDCaseschilelrHousingIndexNationalManufacturedHousingIndustryDailyBusinessNewsMHProNEws

The economy is growing and the unemployment rate is at an 18-year low, which typically would point to stronger home sales,” noted Newsmax.

 

Analysis by S&P…

Home prices continued their climb with the S&P CoreLogic Case-Shiller National Index up 6.4% in the past 12 months,” says David M. Blitzer Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Cities west of the Rocky Mountains continue to lead price increases with Seattle, Las Vegas and San Francisco ranking 1-2-3 based on price movements in the trailing 12 months. The favorable economy and moderate mortgage rates both support recent gains in housing. One factor pushing prices up is the continued low supply of homes for sale. The months-supply is currently 4.3 months, up from levels below 4 months earlier in the year, but still low.”

Americans are increasingly turning to newly-built homes,” per Newsmax, “where sales jumped 6.7 percent in May. But higher prices and fewer existing homes to choose from are cutting many Americans out of the housing market.”

 

Manufactured Housing Signficance?

Many of these conditions – such as interest rising rates – are historically those that would lead to an increase in manufactured home sales.

ManufacturedHomeShipmentsVsNewExistingHomeSalesStaartsManufacturedHouisngIndustryDailyBusinessNEwsMHPronews

Facts are facts. They are neutral measures of reality. Once facts and their causes are understood, then the opportunities can be tapped. What the above means is that the typical retailer could potentially be selling 10x (+/-) more homes. a typical market

Nevertheless, manufactured home production and sales are still at historically low levels.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

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

In a release to MHProNews, the Manufactured Housing Association for Regulatory Reform (MHARR) attributed some of the woes for the still-low sales level to a lack of effective post-production national industry leadership.

MHARR hailed the start of a new communities focused post-production association.

New Manufactured Home Industry National Association Related Statements

The independent producers association based in Washington, D.C. nevertheless urged that the rest of the industry’s post-production companies should work to organize their own association.  That’s a call that award-winning Bob Crawford, president of Dick Moore Housing and others in the retail side of the HUD Code home industry support.

The new MH Communities association, and the call for a new retail post-production association follows comments by MHI award winner, Marty Lavin, who said that the Arlington, VA based trade group only works for the interests of the “big boys.”

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

Lavin added that MHI is useful for smaller firms only to the extend that a small firm’s need happens to mirror that of a larger company.  For more details, see the related reports, linked above and below. (News, analysis, and commentary.)

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Related Reports:

Manufactured Home Communities, Retailers, Developers Face Disruptive, Troubling Trend

NorthStar and Manufactured Housing Radix

Only 3 Options – the Elephant in the Room

 

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