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

July 18th, 2018 No comments
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Collage above is from Realtor University ®, Manufactured Housing Institute (MHI) logo, and designed by MHProNews, with images shown under fair use guidelines.

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

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

 

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

ScholasticaGayDCororatonDBEResearchEconomistNationalAssociationRealtorsWashDCManufacturedHousingIndsutryDailyBusinessNewsMHProNews507

Composite information from LinkedIn.

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

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

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

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

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

 

The Review Plan

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

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

Why?

ManufacturedHousingHomesSingleDoubleMultisectionAveragePricesComparedConventionalHomesSizeCostPersqFt2016NationalAssocRealtorsDailyBusinessNewsMHproNews

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

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

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

ManufacturedHomeShipmentsbyState2016NARscholasticaGayCororatonDailyBusinessNewsMHproNews

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

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

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

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

 

AveragePriceNewManufacturedHomesOctober2017NationalAssocRealtorsDailyBusinessNewsMHproNews

 

Accuracy, Accountability and The MHI Connection

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

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

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

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

MediaHouseholdInocome2016ByTypeTenureInThousandsManufacturedHomeConventinalRentingDaillyBusinessNewsMHproNews

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

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

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

Why not?

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

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

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

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

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

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

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

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

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

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

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

LowerMonthlyPercentCostManufacturedHomesConventinoalHouseRentalHousing2016narRealtorUDaiyBusinessNewsMHproNews

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

 

Cororaton and the NAR Research

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

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

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

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

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

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

OddsofLivingInMobileManufacturedHOmesByRegionNARDataScholasticaCororatonDailyBusinessNewsMHproNews

 

The Specific Concerns

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

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

Quoting Weiss’ message to Cororaton:

MarkWeissMHARRPresidentManufacturedHousingIndustryDailyBusinessNewsMHProNewsScholastica:

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

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

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

MarketforManufacturedHomesScolasticaGayCoronatonManufacturedHousingIndsutryDailyBuisnessNewMHPronews

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

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

2014ManufacturedHousingIndustryWhitePaperDailyBusinessNewsManufacturedHousingIndsstryResearchDataReportsMHProNews

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

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

Why didn’t MHI notice these apparent factual errors?

 

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

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

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

–   Location,

–   Condition of the home,

–   Local economy (jobs, opportunities),

–   Supply and Demand, and

–   Availability of financing.

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

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

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

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

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

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

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

So why isn’t MHI pursuing it?

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

MonthlyPaymentEquityGainManufacturedHomesComparedNewSingleFamilySigeBuiltHomesNARScholasticaCororatonDailyBusinessNewsMHproNews

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

 

Part One – the Bottom Lines

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

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

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

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

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

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

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

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

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

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

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

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

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

Related References:

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

 

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

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

Updated, added related resource:

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

 

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

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“RESTORING THE RULE OF LAW TO MANUFACTURED HOUSING REGULATION” – MH Leader Call to Action

July 10th, 2018 No comments

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The rule of law, and the supremacy of law over the arbitrary whims of individuals who happen to wield government power, was a profound concern for the founders who debated and developed the Constitution of the United States. For over two centuries, legal scholars have pointed to the primacy of the “rule of law” in the system of limited government and defined powers established by the Constitution, stating, for example: “The rule of law may be the most significant and influential accomplishment of Western constitutional thinking. The very meaning and structure of our Constitution embody this principle. Nowhere expressed yet evident throughout the Constitution, this bedrock concept is the first principle on which the American legal and political system was built.”

   Mark Weiss, J.D., President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

 

 

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNewsFor too long, though, the rule of law, as envisioned by the nation’s founders, has been undermined, ignored, or bypassed by the so-called “Fourth Branch” of government – the permanent, overgrown and largely unaccountable bureaucracy that has ballooned within the federal government, often in concert with overpaid and largely unaccountable government contractors,” said Weiss in a MHARR release to the Daily Business News. 

While this is a major socio-political issue with ramifications that extend far beyond the scope of this column, federally-regulated manufactured housing faces challenges of its own regarding the rule of law, and with a new Administration – with a new regulatory philosophy — now in place, there is no time like the present to clearly address this issue within the unique context of manufactured housing regulation,” said Weiss.

In the manufactured housing arena, the most fundamental expression of the primacy of the rule of law is the Manufactured Housing Improvement Act of 2000,” Weiss said

It’s a theme that MHARR, and editorially MHProNews, have held for years. 

Indeed, the 2000 reform law is a direct outgrowth of – and a direct congressional response to and remedy for – administrative abuses that had piled-up within the federal manufactured housing program over the first quarter-century of its existence. These included, but by no means were limited to:

 

(1) de facto rulemaking by “interpretation;”

(2) circumventing, evading, or ignoring notice and comment requirements;

(3) abuses of the “Interpretive Bulletin” process;

(4) closed-door standards development activity;

(5) non-consensus standards development;

(6) contracting abuses resulting in a non-competitive, de facto “sole-source” program monitoring contract, the same monitoring contractor for the (now) entire 40-year-plus history of the program, and the delegation of governmental power to an unaccountable private entity; and

(7) activity to subvert the operation and objectivity of the former Manufactured Housing Advisory Council, and a host of other actions that undermined the basic fairness, reasonableness and, ultimately, legitimacy of the federal manufactured housing program.   

Weiss, an attorney known for being detail-oriented, got into the weeds in his analysis. 

He also commented on the “Deep State” style “subversion” of the HUD Code program. 

Just as importantly, through nearly every step of this decade-plus subversion of the 2000 reform law, “deep state” regulators at HUD have been aided and abetted by “institutional” program contractors – i.e., de facto sole-source contractors, such as the program monitoring contractor – which constitute a “deep state” of their very own, wielding unlawfully-delegated and largely unaccountable governmental power, together with a built-in incentive to continually expand both the scope and cost of regulation, thereby increasing their own power and influence and, not surprisingly, their contract revenues,” stated Weiss, adding that “This needless regulatory expansion, in itself, has excluded hundreds-of-thousands of Americans from the benefits of manufactured home ownership, based on studies conducted by the National Association of Home Builders (NAHB), and has unnecessarily slowed and stunted the industry’s recovery from its modern production low in 2009, disproportionately harming smaller industry businesses.  Nor does the industry itself escape part of the blame for this activity, as far too many of its largest corporate conglomerates – and their representatives — have provided protection and “cover” for the HUD status quo and program “leaders” who have gone to extraordinary lengths to undermine the most important elements of the 2000 reform law.” 

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

The change in presidential administrations, however, has opened the door to potential remedies for this fundamentally lawless regulatory activity. In particular, the Trump Administration’s “top-to-bottom” review of HUD’s manufactured housing regulations and “regulatory activities,” under Executive Orders 13771 (“Reducing Regulation and Controlling Regulatory Costs”) and 13777 (“Enforcing the Regulatory Reform Agenda”) provides a viable basis for action to repeal both the 2010 HUD interpretive rule and the slew of “field guidance” and other sub-regulatory mandates issued by HUD based on the Department’s unlawful construction of section 604(b)(6),” wrote Weiss.    

And indeed, MHARR in its February 20, 2018 regulatory review comments to HUD, specifically urged the program to return to the rule of law, through the withdrawal of the 2010 interpretive rule and all of the program’s sub-regulatory mandates issued without MHCC consideration and notice and comment rulemaking.” 

This effort…received a major boost when the U.S. Department of Justice notified federal agencies, through memoranda issued on November 16, 2017 and January 25, 2018 that it would no longer enforce administrative “guidance” documents issued without notice and comment rulemaking.  In part, the Justice Department stated: “Guidance documents cannot create biding requirements that do not already exist by statute or regulation.  Accordingly … the [Justice] Department may not use its enforcement authority to effectively convert agency guidance documents into binding rules.  Likewise, Department litigators may not use noncompliance with guidance documents as a basis for proving violations of applicable law…” said MHARR’s president.

For the full, unedited MHARR release, please click here. “We Provide, You Decide.”  © ## (News, analysis, and commentary.)

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Related Reports:

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

 

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Dog Whistles, as Epic Battle for Business Effecting Manufactured Housing, Others Looms

July 10th, 2018 No comments

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As Campus Reform humorously pointed out, the battle over the next nominee to the Supreme Court of the United States began almost immediately after the announcement that Justice Anthony “Tony” Kennedy would retire.

 

While the manufactured home industry veteran did not mention SCOTUS or the vacancy, in what reads like an anticipatory statement, Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) said in a new article that it is time for a return to the rule of law, as it applies to manufactured housing. See that, linked here.

If certainty is an important issue for business and investing – and investors routinely tell MHProNews that it is – then dependability from the courts is a crucial issue for manufactured housing, and all others too.

Much of what has occurred in transforming American business and the legal landscape in recent decades has come from political and legal changes that flowed from Washington, D.C.

So like it or not, these issues matter to MHVille.

 

Increased Certainty for Business?

It is against a backdrop of certainty for business – rather than red herring issues like abortion, which even if someday it would be overturned, it would simply go back to the states – that this Daily Business News post examines the nomination of Judge Brett Kavanaugh.  He stated last night that “A judge must be independent and must interpret the law, not make the law. A judge must interpret statutes as written, and a judge must interpret the Constitution as written, informed by history and tradition and precedent.”

That is the essence of what certainty is. That a law means what it says, and thus provides certainty for business and all others. The rest are details and commentary.

Showing off their sometimes-subtle whit, right wing Breitbart – which provided some of the pull quotes used here – shared a video from left wing MSNBC to show their readers what Judge Kavanaugh had to say in his 8 minutes of initial fame. Our video will be from CSPAN.

 

 

Kavanaugh was a Bush Administration appointee to the U.S. Court of Appeals for the D.C. Circuit on May 30, 2006, per federal records.

Kavanaugh said, “The framers established that the Constitution is designed to secure the blessings of liberty. Justice Kennedy devoted his career to securing liberty. I am deeply honored to be nominated to fill his seat on the Supreme Court.”

The D.C. judge later added some of the most important talking points that will doubtlessly come up during his confirmation process, “My judicial philosophy is straightforward. A judge must be independent and must interpret the law, not make the law. A judge must interpret statutes as written, and a judge must interpret the Constitution as written, informed by history and tradition and precedent. For the past 11 years, I’ve taught hundreds of students, primarily at Harvard Law School. I teach that the Constitution’s separation of powers protects individual liberty, and I remain grateful to the dean who hired me, Justice Elena Kagan. As a judge, I hire four law clerks each year. I look for the best. My law clerks come from diverse backgrounds and points of view. I am proud that a majority of my law clerks have been women.”

 

The View from the Oval Office

In a release to the Daily Business News, the White House press room said last night that Kavanaugh was “the best of the best.”

NomineeAssociateJusticeBrettMKavanaughWhiteHouseDailyBusinessMHProNews

 

Campus Reform and Democratic Push Back

Millions will be spent by both major parties and their backers, primarily in battle ground states where Democrats have senators up for re-election this November in ‘red states’ that President Donald J. Trump won in 2016.

 

As MHProNews previously reported, several potential issues are expected to be heard by the U.S. Supreme Court in the coming years that will impact manufactured housing. So this business of certainty and following the law and Constitution matters.

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

 

The link to MH Industry attorney Kurt Kelley’s exclusive commentary to MHProNews on the importance of the vacant seat is above.

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Related Reports:

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

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Several issues that face manufactured housing are likely to end up at Supreme Court of the United States Certainty matters. See linked download, here.

 

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.)

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

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

June 21st, 2018 Comments off

 

TogetherWeWIllMakeAmericaProsperousAgainWeAreOnePeopleOneFamilyOneGloriousNationUnderGodDailyBusinessNewsMHProNews

There are millions who find the truth to be uncomfortable.

 

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

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

The obvious answer is education.

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

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

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

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

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

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

 

Lessons from Seattle’s Head Tax

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

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

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

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

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

NAMCostForComplianceDailyBusinessNewsMHProNews

 

The Approaching Midterms

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

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

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

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

YouAreEntitledtoYourOwnOpinions.ButYouAreNotEntitledToYourOwnFactsDanielPatrickMoynihanDailyBusinessNewsMHProNews

 

Presidents Then…

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

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

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

 

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

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

 

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

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

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

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

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

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

 

Proven, Pragmatic, Pro-Business and Individual Prosperity Principles

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

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

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

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

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

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

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

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

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

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

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

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

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

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

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

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

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

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

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

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

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

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

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

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

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

For those who are:

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

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

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

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

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

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

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

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

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

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

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

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

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

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

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

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

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

 

Phase One, Phase Two

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

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

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

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

Related Reports:

Only 3 Options – the Elephant in the Room

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

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

June 20th, 2018 Comments off
USPresidentPraisedMobileHomeIndustryManufacturedHomesAreHereToStayMobiletoManufacturedHousingDailyBusinessNewsMHPronews

It’s historic…

You are entrepreneurs in the best tradition of the free enterprise system.”
~ The President of the United States to the MH Industry

 

The U.S. President began his talk with these words, “There are problems in the economy and in the mobile home industry.  I am not so naïve as to deny that. I am in the business of looking for problems – and solutions. I am a problem solver and an optimist. I am optimistic about the future of the economy and the future of the mobile home industry.  My optimism stems from the belief that our problems – and that is the first step toward solving them. To recognize problems is constructive.  To become obsessed with them is destructive.”

Imagine how motivated about a thousand manufactured home (MH) industry professionals were to hear what HUD Secretary Ben Carson had to say at MHI’s last planned meeting in Las Vegas earlier this year.

BenCarson@HUDgovNewCooperationManufacturedHousingIndustryDailyBusinessNewsMHProNews

Composite of images from HUD Secretary Carson, Twitter.

Then picture a time in the MH Industry when the President of the United States was happy to speak to the industry, and the industry was happy to hear in person from the Chief Executive of the U.S.

Rearview mirrors are not as important as the windshield, but they are necessary for safety, insight, learning, and growth. Driving would be far more dangerous without side-and-rear-view mirrors.   The same principle is true for investing, to operate or expand a businesses, and for savvy politicos. Everyone that buys a business or a property does due diligence to see what the past performance looked like. Its hard to find a business that doesn’t check the background – the history – of a job applicant.  History matters.

The opening words above, and what follows below, are from then-President Gerald R. Ford, in a speech given to the “Mobile Home Manufacturers Association” dated March 22, 1973.  The original notes are from the Ford Presidential Library.  All of those notes are found at the end of this report as a download.

The best way to solve problems is to concentrate on our strengths.  And if you look at the economy and at your own industry you see many strengths, many reasons for confidence,” said Ford’s notes, which include hand-written revisions.

Ford’s speech notes go through a significant amount of economic data, woven between his comments about the blossoming then pre-HUD Code mobile home industry.

Then President Ford’s speech positions the next section of praise following part of his address that focused on balancing the budget.

Then, as now, there is a need to control federal housing costs. The common-sense solution, then and now, is to let as much of that be done by private enterprise.  Federal policy should be used to support solutions, rather than be an obstacle for private industry, in this case, the factory-built home industry.

I have noted with great interest the bill introduced by Lou Frey of Florida…,” Ford said.  That bill would eventually become the National Manufactured Housing Construction and Safety Standards Act of 1974. “I am sure that each and every one of you shares Lou Frey’s concerns and respect his motivation,” Ford stated.

LouisFreyJr.AmiercanPoliticanUSHouseofRepresenativesNationalManufacturedHousingConstructionSafetyStandardsWikipediaDailyBusinessNEwsMHproNEws

What’s the outlook for the mobile home industry?  It can only be described as bright.  My information is that production now is running at an annual rate of nearly 700,000—and that is a fantastic figure for what really is a still a very young industry.”  It should be noted that mobile home shipments never broke 600,000 units in a year, but the way that then-President Ford described it is akin to what today would be called the “Seasonally Adjusted Annual Rate” or SAAR, used in conventional housing as well as with HUD Code manufactured homes. That SAAR may indeed, during that time of year, have been at a near 700,000 annual rate.

It is important to note again why the Daily Business News recently spotlighted the story of Rollohome.  In short order, that firm went from start-up to 60,000 new homes shipped in just 2 years.  If that was achievable then, surely it can be done with our greater technology today?  For more on that, readers can circle back later to the linked report, below.

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

 

Ford on MH

Ford pointed to the VA program, and how it was modified to support financing of manufactured homes for veterans.

Then, it was Vietnam, but more recently, Afghanistan and Iraq are among the places that millions of veterans have served.

Ford’s logic of supporting the factory-built home industry applies today, as it did then.  It is one of several reasons that MHProNews has supported editorially common-sense, sustainable tweaks to FHA, VA, USDA (Rural Housing) and the lending programs that GSEs are supposed to be providing via their Congressionally mandated Duty to Serve (DTS) manufactured housing.  One such related report is linked below, and can be read later for more insights.

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

As you know, Congress in 1970 approved a law letting the Veterans Administration guarantee loans on mobile homes, as well as on the lots to place them on,” Ford’s speech-notes said.

Ford apologized for the “red tape connected with” the VA program, a reminder that then and now, legislation is the start of a process, not the end. “The VA mobile home program has fallen far short of its goals. But it is now picking up.  In recent weeks VA officials have conferred with mobile home manufacturers and dealers and with money lenders.  They want to make the program go,” Ford explained.

But VA officials are doing everything they can to promote the mobile home loan guarantee program, and it is beginning to accelerate,’ said Ford, adding “Of the 5,460 mobile home loans guaranteed by the VA last year, 4,178 were to post-Korean vets.”

You are entrepreneurs in the best tradition of the free enterprise system.”

I say the future of your industry is bright because you’ve got a lot going for you. Mobile homes are the only low cost new homes available,” then President Ford said. “The cost of producing stick-built housing has risen dramatically.  At the same time, with your assembly line methods, you are doing something to lick high housing costs—and it is the mobile home purchaser who benefits.”

That same point applies then and now. It is once more worth noting that President Donald J. Trump worked an example of factory-home building into a speech featured by the Daily Business News, at the link below, which can be referenced later for more insights.

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

I am not here to promote the sale of mobile homes,” Ford said, so that he didn’t sound like he was a pitch-man for the industry.

But there is no question that the mobile home industry holds revolutionary potential for future advancement in the field of housing.  Mobile homes have become a major segment of the nation’s housing supply.  They are here to stay,” said Ford to finish is speech.

 

Tony Takeaways

The word “tony” can be a word or a name. As a word, tony can mean “elegant, stylish, fashionable.” It’s also the name of your award-winning manufactured home industry veteran, writer, industry consultant, and publisher.

There are many reasons this speech of President Gerald R. Ford still matters today.

President Ford was arguably correct on several points, which applied then and now.  They include, but aren’t limited to:

  • Presidents Nixon and Ford are among those who specifically praised the value of the mobile home industry – which is what the industry was, prior to the passage of the National Manufactured Housing Construction and Safety Standards – in solving the nation’s affordable housing needs.
  • HUD Secretary Ben Carson, Vice President Mike Pence, and President Donald J. Trump have all praised either manufactured homes specifically, and/or factory-built homes in general. Danny Ghorbani, and MHARR President and CEO Mark Weiss, JD, have both cited the opportunity the industry has with this administration (see the video, below.)
  • Ford was correct in saying that problems must be identified and understood, before they can be tackled and resolved. Editorially, MHProNews has advocated a pragmatic, reality-based approach to problem solving.  The industry must separate the unhealthy chaff from the fine wheat.
  • Then and now, federal access to financing options that level the playing field were important.
  • More affordable manufactured home owners would mean more Americans who aren’t renting or getting housing subsidies.
  • Millions of more manufactured home owners would mean millions of more Americans building equity and personal wealth.
  • Unlike rentals, a manufactured home loan can over time be paid off. Once a home is mortgage-free, maintenance, insurance, utilities, and taxes are all that remains, so that’s as inexpensive as modern living costs can possible get.
  • Building more manufactured homes would mean more good jobs.
  • From the federal budget perspective, millions of more manufactured homes would mean fewer people depending taxpayer subsidized housing, and/or other programs.
  • Ford proved to be correct about the “revolutionary potential for future advancement in the field of housing” about the evolution of the industry from the mobile home era to the modern manufactured homes today. Factory-home-building made sense then, and now.
  • Enforcement of existing laws are a key, including the enhanced preemption provided by the Manufactured Housing Improvement Act of 2000.
  • Logically, enforcing the laws linked above would yield some $2 trillion in additional Gross Domestic Product, according to the university researchers.

There’s more, of course, but the points are clear.

President Ford recognized that the MH industry is necessary.  It is currently underperforming, as the chart below reflects.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

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

The industry’s professionals and investors must grasp the tremendous opportunities, vs. the realities to be dealt with. The challenges to the industry are both from within the industry, and from the ranks of the ill-informed naysayers outside our industry too.

The Ford Library text of the speech notes are linked here as a download. ## (News, analysis, and commentary.)

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

Related Report:

Only 3 Options – the Elephant in the Room

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

To provide a News Tips and/or Commentary, click this link. Please note if comments are on-or-off the record, thank you.

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

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

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

Office 863-213-4090 |Connect on LinkedIn:
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“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

June 16th, 2018 Comments off
TakeMHAdvantageChallengeCanYouTellTheDifferenceFiskofSarahEdelmanDirectorDutyToserveSingleFamilyFannieMaePhotoLogoDailyBusinessNewsMHProNews

Collage by MHProNews. Photo of Sarah Edelman, credit, The New Deal.

Most people wouldn’t recognize today’s factory-built homes. The manufactured housing industry has diversified and enhanced the models available so they can blend seamlessly into traditional neighborhoods of site-built homes, offering comparable amenities and curb appeal,” said Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business.

 

Her open is solid, and seemingly positive.

At Fannie Mae, we’re enhancing our mortgage financing options to keep pace with these important changes,” Edelman continued.

This trend toward modern designs is a smart way to meet demand from growing segments of buyers, including millennials, downsizing baby boomers, and first-time homebuyers. These buyers and others are looking to manufactured housing as an affordable option providing quality and value in a market where the supply of site-built housing is low and prices are high. Quite simply, manufactured housing is a key opportunity to address our growing affordable housing crisis,” said the Fannie Mae executive, on an article that was published 6.5.2018.

Ten days ago, her Fannie Mae “Perspective” was the top article on the Government Sponsored Enterprise (GSE) website.

But today, a week and a half later, that positive sounding article about manufactured homes is no longer visible on the Fannie Mae home page.

Now, comes what industry insiders – who’ve scrutinized her comments – are calling the veiled blow from the “perspective” of that GSE.

That’s why we introduced MH Advantage mortgage, an affordable financing option that recognizes the similarity of many manufactured homes to traditional site-built homes by offering the same conventional mortgage financing – including down payments as low as 3%, lower interest rates than most traditional manufactured home loans, and cancellable mortgage insurance,” Edelman said.

Homes that are eligible for MH Advantage have features that make them look more like traditional site-built homes including eaves and higher roof pitches, lower profile foundations, garages or carports, porches, dormers, upgraded interiors, and more,” she wrote.

Rephrased, what that means is that the bulk of manufactured homes being sold by HUD Code manufactured housing producers are NOT included in the Fannie Mae MH Advantage program.

That’s been confirmed to the Daily Business News by MHI connected sources familiar with this MH Advantage program.

These homes are now easily identified by a new MH Advantage “Mortgage Financing Notice” applied by participating manufacturers. This MH Advantage “sticker” makes it easy for retailers, shoppers, lenders, and others involved in the mortgage process to identify eligible homes when they’re bought, sold, or refinanced. It’s something interested buyers should look for and ask about, said Edelman.

What hasn’t been made known yet by her or others is

  • what percentage of Fannie Mae’s loans are going to be allocated to this program?
  • Or are the majority of manufactured homes going to be excluded from Fannie Mae lending?
  • Why doesn’t Edelman’s column make it clear that these loans are land/home, as opposed to chattel?

Why aren’t the answers to those questions part of the article?  Or where is a Fannie Mae FAQ for this topic? Or why aren’t other necessary facts being made known?

PaulBarrettoFannieMaeSpeakingAtTunicaShowMarch2018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Photo from March, 2018. To see his news making remarks there, click here

Why?

Because Fannie Mae won’t answer those or other related questions.

Perhaps this prior reply from Paul Barretto, at Fannie Mae, to the Daily Business News gives industry readers, public officials, investors, and affordable housing policy advocates a clue.

I’m sorry I can’t talk beyond what I presented…,” Barretto said in a message to MHProNews

Barretto, Sarah Edelman, their media office, and others contacted over the course of several days at Fannie Mae all declined commenting.

Why?

If Fannie Mae actually wants to promote this program, why not do so for free on the manufactured home industry’s most widely read news source? Who is hiding what, and why?

 

Industry Pro Says MH Advantage Defies the Purpose of the Duty to Serve (DTS)

The now-missing-from-their-home-page article by Edelman doesn’t note the complaint lodged by MHARR to Fannie Mae.

The Manufactured Housing Association for Regulatory Reform (MHARR)’s president and CEO, Mark Weiss, JD, said this program was “unacceptable” to that organization or their members for several reasons.

Weiss also said the MH Advantage plan was an “illegitimate,” “bait and switch.” Related articles, like the one linked below, can be read later for more details.

Fannie Mae Touts MH Advantage Program, But Manufactured Housing Association Slams Plan as “Illegitimate,” “Bait and Switch”

Among the reasons Weiss objects on behalf of independent manufacturers and their customers, is because MH Advantage “defied” the core principles of Duty to Serve (DTS), which was mandated in 2008 by the Housing and Economic Recovery Act (HERA).

Weiss said the GSEs have successfully ducked the law for a decade.

DTS is supposed to be about giving access to potentially millions of American to more affordable housing, specifically by providing lending for affordable manufactured homes.  That would benefit people otherwise trapped in rentals.  It could also reduce the costs for government subsidized housing programs, while creating more tax revenues for the states those manufactured homes are sold in.

DutyToServeManufacturedHousingMMarkWeissJDPresidentMHARR-MHProNews--575x191

Instead, what Fannie Mae’s program is doing with MH Advantage is arguably creating a more costly, separate class of manufactured homes, all of which will sell at a higher price-point than the majority of what the industry currently offers.

How will that help lower income consumers? How does that boost job creation by the builders of lower cost homes?  Who does the Fannie Mae plan benefit?

Weiss’ comments indicate they answer queries like those as follows.

ManufacturedHousingAssocRegulatoryReformMHARRMarkWeissDTSFHFA-GSEsGoingtoLargestBusinessesCorpAffiliatesDailyBusinessNewsMHProNews

Collage by MHProNews.

Edelman’s article continued as follows.

We believe MH Advantage is an innovation whose time has come, but we remain committed to traditional manufactured homes, manufactured housing communities, and their important role as sources of affordable housing. In fact, Fannie Mae provided more than $9 billion in financing for manufactured housing in the past two years. And we’ll continue working with our partners to expand access to high-quality home rental and ownership opportunities in every market, every day,” Edelman concluded her column on the Fannie Mae website.

An unedited version of her article will be found later here as a download, or on their website, at this link here.

 

A Look at Sarah Edelman’s Resume 

An industry source with ties to the development of Fannie Mae’s MH Advantage program confirmed for MHProNews that Edelman is fairly new with the giant GSE.

SarahEdelmanPhotoDirectorOfHousingPolicyCenterProgressFannieMaeDailyBusinessNewsMHProNews

Other industry sources in lending, and who are MHI members, told MHProNews that part of the DTS commitment to manufactured housing is going to be this MH Advantage program.  Those sources could not say with certainty what that percentage would be.  Again, Fannie Mae is mum.

Since when is silence to the media a “pro-growth” progressive virtue?

SarahEdelmanLinkedInPhotoProfileBioResumeFannieMaeDailyBusinessNewsManufacturedHosuingIndustryMHProNews510

 

What MHI Connected Sources, and Manufacturers Say

MHI connected sources could not say with certainty how close the design specifications for the MH Advantage program are to MHI’s highly touted, but thin on public details, ‘new class of HUD Code manufactured homes.’

The controversy-plagued Arlington, VA association president and CEO Richard “Dick” Jennison, plus other MHI staffers, have refused to engage with more details.  Why not?

If they are proud of the facts, why not get the widest possible publicity?  If the national trade goup aren’t proud of their plan to talk about it openly, then what have they got to hide?

 

Does Your Firm Sell News Entry-Level Manufactured Homes?

Does the plan favor big companies over smaller independent producers or retailers?  The indications are, yes.

By implication, doesn’t “the new class of homes” and Fannie Mae’s “MH Advantage” restrict lending, and thus trade, on the majority of manufactured homes produced?  Isn’t that part of the federal definition of barred activity under anti-trust laws?

Again, related articles linked above and below can be read later for more details.

Secretive “NEW” Class of Manufactured Housing Raises Serious Concerns

 

But there was wide agreement among MHI members who commented for this report that the two sets of standards – Fannie Mae’s “MH Advantage,” and MHI’s so-called “new class of homes” – may be the same.

All of this should be deeply concerning to public officials, affordable housing advocates, the vast majority of the manufactured housing industry’s professionals, investors, and the Trump Administration.

One source asserted that they are informed about the MH Advantage program, and favored it. When asked by MHProNews, that source admitted that the prior MH Select had little traction in the market.

That source also admitted that this new MH Advantage program could create problems for manufacturers that are not selling this kind of product.  ‘But Fannie Mae will be reviewing the [DTS] program in three years, and if it is harming manufacturers or the market, they can change it at that time,’ that  person said.

An MHI only member manufacturer expressed outrage over the plan to split the majority of the industry’s homes in two by misusing DTS in this fashion, saying it was an insult to the industry.

A careful read of Edelman’s article reveals that while it sounds like praise, MH Advantage is a de facto put-down of any home that doesn’t meet their standards.

Applying the logic of MHI award-winner Marty Lavin’s quote below – if successful – what this will do is cause fewer existing types of manufactured homes to be sold over time.

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

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

The Daily Business News and the Masthead have raised concerns about the lack of transparency and contradictions surrounding the DTS program.

Manufactured Housing’s “Trojan Horse”

MHProNews noted MHI’s “new class of homes” could be a “Trojan Horse” for the industry.  The fact that this program was allegedly created in secrecy is itself a warning that possible anti-trust prohibited actions could have taken place.

The history of back and forth support and opposition to DTS by Tim Williams – former MHI chairman and the president and CEO of Berkshire Hathaway owned 21st Mortgage –  could be red flags.

Much of this could be cleared up if MHI and the GSEs released their closed-door meeting minutes.  But they have refused to do so.

Or it could be cleared up, if the parties involved simply, candidly answered a series of on-the-record questions, with those replies given by informed Fannie Mae and other related personnel.  Isn’t that just common sense?

The obvious logical conclusion to the various controversies, allegations, and concerns are that the parties involved with this MH Advantage and the DTS program don’t want clarity, because they are deliberately being opaque.

FiskingFiskDefinitionYourDictionaryManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

The View from the Masthead

MHProNews publisher L. A. “Tony” Kovach has said that the principles Marty Lavin has laid out need to be applied in this case.

Kovach said that the industry must consider pretty words, platitudes, and overdue promises made to the manufactured housing based upon experience.  “Promises and pleasant words have often have resulted in little or no useful action for the majority of the manufactured home industry’s members,” Kovach said.

MHI award-winner Lavin, is an attorney who served for years with the Arlington, VA based trade body, and served a GSE as well.  He has offered a general summation on tip for reading the industry’s tea leaves, which could be applied to this scenario.

They are paraphrased in the following three bullets.

  • Follow the money.
  • Pay more attention to what people do than what they say.
  • MHI works only for the interests of theirbig boymembers, and the interests of the smaller MHI members are served only when they align with 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

It is for similar concerns and failures to properly serve them that the AZ and NV community associations have laid the foundation for a new, national post-production association, quitting MHI last year.

Fannie Mae announced they are an MHI member. Associations lobby.

House Financial Services Committee Chairman Jeb Hensarling issued a statement to MHProNews that protested Fannie’s alleged involvement in lobbying, which they are currently prohibited by FHFA from doing. See that, and more, linked under related resources, below.

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

MHI, members of Berkshire Hathaway brands, and Fannie Mae were contacted by the Daily Business News and asked to react to MHARR’s formal protest to Fannie.  None of them has weighed in as of this writing.

By contrast, when MHProNews asks most state associations for comment, a prompt reply – albeit sometimes off the record – are common.

Recall that Smoking Gun 3 documented related concerns over how cutting off or limiting lending put hundreds of companies out of business, some of which had been in the industry for decades.

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

As publisher Kovach told a mainstream media reporter last week, the reality of the challenges in manufactured housing for thousands of companies can be summed up in two words. “Rigged system.”

The trend is toward what appears to be an artificially created consolidation of the industry.  Why artificial?  Because the nation has an affordable housing crisis, and yet the industry is still constricting, debatably due in part by restricting the lending available to independents.

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, data from HUD, MHARR, or other named entities.

The linked reports provide evidence plus reasons how capital, credit, nonprofits, and MHI have been among the tools used to consolidate the industry, to the advantage of a few at the cost to the many.

An executive level industry reader told MHProNews,You need to create an ‘I told you so’ list, to remind the [manufactured home] industry when warnings and concerns have proven to be accurate.”  Please put this topic, first raised over a year ago, among those.

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

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Related Reports:

‘Over Target’ Reactions, WHA Exec (ret) Ross Kinzler, Won’t Defend MHI Policies & Points to Prior MHI Failure

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

Manufactured Housing Institute “Walk Out,” “Cover Up,” and Shock at their Vegas Event

 

Wisconsin Housing Alliance – an MHI ‘Affiliate’ – Amy Bliss’ Messages Raise New Anti-Trust Issue

 

 

NorthStar and Manufactured Housing Radix

 

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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.

 

Buffett, Dimon, Housing, Economic, Political Freedom, IG, Deep State, and Manufactured Housing Industry Progress

June 15th, 2018 Comments off

WarrnBuffettDimonManufacturedHousingFreedomDOJOfficeOfInspectorGeneralLogoEagleManufacturedHousingIndustryDailyBusinessNewsMHProNews

None are more hopelessly enslaved than those who falsely believe they are free.”

– Johann Wolfgang von Goethe, GoodReads.

 

Chains of habit are too light to be felt until they are too heavy to be broken.”

– Warren Buffett, BrainyQuotes.

 

Most of us are imprisoned by something. We’re living in darkness until something flips on the switch.”

–      Wynonna Judd, GoodReads.

 

Like a snake sheds its skin, we are capable of getting rid of assembled habits, creating space to call matters into question…We can retreat, then, from the imprisonment of a deadly routine, acquire an identity and develop our personality.”

– Erik Pevernagie, “Man Without Qualities.”

 

The American economy is becoming the envy of the world, says a new report in NewsMax.

USBecomesGlobalEconomicBrightSpotEuropeChinaStruggleNewsmaxManufacturedHousingIndustryDailyBusinessNewsMHProNews

While U.S. economic growth is surging, other national economies are reportedly slipping and faltering.

Coincidence? Hardly.

Even left-of-center sources or Democratic supporting political supporters are starting to acknowledge that Trump Administration policies, including regulatory rollbacks, and the Tax Cuts and Jobs Act, are fueling economic expansion.

Politically Incorrect Cartoon Commentaries, Lighter Side of Making America and Manufactured Housing Great Again

Jobs that former President Barack Obama said where never coming back to the U.S. – like mining and manufacturing – are roaring back under the Trump Administration’s leadership.

 

Billionaires Warren Buffett, Chase’s Jaime Dimon Praise U.S. Economy

For those who don’t know, Warren Buffett has been a Trump critic long before his successful run for the Oval Office.

So, it is worth noting that Warren Buffett, who supported Barack Obama and later Secretary Hillary Clinton, recently praised the U.S. economic recovery that has been occurring as a result of President of the United States (POTUS) Donald J. Trump’s leadership.

Buffett says you should buy stocks, or make investments, when the long-term outlook in a field or company is good.  Think about that as you ponder Berkshire Hathaway’s moves in the manufactured housing industry space in the last 15 years.

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

As regular manufactured home industry Daily Business News readers know, Buffett’s Berkshire Hathaway includes numerous brands in and serving the manufactured housing industry.

Longtime, careful readers know Buffett supported policies that are often the opposite of what POTUS Trump is successfully promoting.

Taking each candidate at their word, Secretary Hillary Clinton would not have signed S 2155 into law, but President Trump did.

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

 

ChainsofHabitAreTooLighttoBeFeltUntiltheyaretooHeavytoBeBrokenChainsYouPUtAroundYouselfNowHaveConsquencesWarrenBuffettAZQUotesDailyBusinessNewsMHproNews

This Buffett quote is worth pondering in the light of MHI and related controversies.

 

The DOJ’s Inspector General’s Report

On 6.14.2018, the Department of Justice (DOJ) Office of the Inspector General (IG) Office released an eighteen month report that points to issues with the 2016 election that point to a “Deep State,” and to issues that aren’t based in Russia, but rather are found right here in the U.S.A.

Before diving into elements of the DOJ IG report, let’s set the table with an understanding of the origin of the concept of the Deep State.

 

What is the “Deep State?”

Wikipedia says that “The term “deep state” was defined in 2014 by Mike Lofgren, a former Republican U.S. congressional aide, as “a hybrid association of elements of government and parts of top-level finance and industry that is effectively able to govern the United States without reference to the consent of the governed as expressed through the formal political process.”

According to whistleblower Edward Snowden, “the deep state is not just the intelligence agencies, it is really a way of referring to the career bureaucracy of government. These are officials who sit in powerful positions, who don’t leave when presidents do, who watch presidents come and go…they influence policy, they influence presidents.”

While some, like the New York Times, dismiss the notion of the Deep State, it is becoming widely discussed across the left-right media divide. The discussion on the so-called deep state is so intense, it’s spawned an upcoming cable TV series on Epix.

Part of the issue of “Deep State” bureaucrats, who are shown as flaunting rules that prohibit them from playing favorites, leaking information to the press, having their own agenda vs. that of an elected administration, and the like.

DeepStateDestroyTrumpBrancoPoliticalCartoonManufacturedHousingIndustryDailyBusinessNewsMHProNews

There are those in MHVille who point to Pam Danner, the prior administrator of the Office if Manufactured Housing Programs at HUD, as an example of the Deep State at work in ways that harmed the manufactured housing industry. Danner did so, they say, until she was finally removed.

Citing sources, the Washington Post report noted that it was MHARR, not MHI, that worked for Danner’s removal.

While he focused on the military-industrial complex, President Dwight D. Eisenhower raised a similar theme to the Deep State over half-a-century ago.  In his 1961 farewell address, POTUS Ike said “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.”

The maxim of the proverbial “power behind the throne” makes it clear that various understandings of the Deep State are ancient, not new.

YourGuideToDeepStateBenGarrisonZeroHedgeDailyBusinessNewsMHProNews

 

The IG’s Report Points to Deep State Woes 

The DOJ’s IG report is a both a political and legal document. It claims that there is no evidence of undue influence or favoritism, before or since the 2016 election, in the FBI or DOJ.

Nevertheless, sources that have read the over 500 page report say it is replete with examples of the opposite.

Attorney, constitutional author, and talk radio firebrand Mark Levin – who at one point was a “never Trump” believer – gives a quick litany of examples. Levin lays out the facts of how the IG report reveals wildly problematic legal issues, with a strongly and illicit anti-Trump bias.

Tucker Carlson, who has an independent, libertarian bent, had several features last night that likewise raised issues with the IG report.

The video below is about what the IG report reveals about the FBI, according to a former FBI Assistant Director.

 

 

Judicial Watch President Tom Fitton on inspector general’s report’s findings in the handling of the Hillary Clinton investigation: Don’t trust mainstream media analysis.

 

Donald Trump Jr reacts to DOJ IG report.

 

 

Rudy Giuliani, attorney for President Trump, speaks out after the release of DOJ inspector general report on the FBI’s handling of the Clinton email investigation.

 

 

The president’s legal-team point man, former New York Mayor Ruddy Giuliani, said the IG report is proof that the entire special counsel handling has been tainted from the beginning.  He claims it is leading away from clear evidence of illegalities allegedly committed by Secretary Clinton and her supporters.

Meanwhile, with no evidence yet of any direct or illegal ties to Russia by the Trump campaign, there were “spies” (informants) used, electronic, and other surveillance methods used against now President Trump’s team.

The deep state could be viewed through the “Drain the Swamp” lens that helped elect Donald Trump.

ThereIsNoDeepStateSwampRightHoneyTinaTomNewYorkTimesDailyBusinessNewsMHProNews

When senior FBI agents vowed to keep Mr. Trump from winning, or would cause him to be wrongfully impeached once he won, it is a constitutionally frightening development.

Elections are a peaceful way of selecting representatives of the people in a Republic. Elections create a stake for voters.  But if elections can be rigged by high-level public officials, attempting to work behind the scenes, that’s a problem that will not end well.

But it would be naïve to think that high-level “rigging of the system” was new.

We noted the concern of President Eisenhower.  But other examples exist of the power of the unelected bureaucratic federal officials – including but not limited to, the FBI – during the Vietnam conflict, and during the civil rights movement.

This is why vigilance is necessary.  That’s a basic price of freedom.

FreedomIsnTFreeFredrickDouglassQuoteCropsWithoutPloughingRainWithoutThunderOceanWithoutRoarSturggleMOralPowerConcedesNothingMHProNews

Every day, foreign powers seek to influence each other’s politics. That’s nothing new. The U.S. has done it, China and Russia do it, as do other nations too. So the hype – mostly from the left – over “Russia, Russia, Russia” shouldn’t be overlooked, but it must be taken in context.

For Americans to remain free, “We, the People” must be properly informed. President Trump and Bernie Sanders alike were debatably correct when each said that the “system is rigged.”

Day by day, it seems clear that the 45th Chief Executive of the United States means to keep his campaign promises.

Everyone has character foibles and flaws.

JamesWattFLOTUSHillaryClintonVastRightWingConspiracyDailyBusinessNewsMHProNews_001

James Watt was known for insightful quotes.

But Mr. Trump is demonstrably taking the nation in a better economic direction. The steps he’s taken have been good for business in general, and good for manufactured housing.

Editorially, MHProNews has and continues to support President Trump based upon principles like tax cuts that have worked for past Democratic and Republican presidents alike.

As the midterms are approaching, there is a fight within the Democratic party between moderate and more socialistic Democrats. So say members of the Democratic party.

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

In the GOP, recent voting indicates that pro-Trump candidates are outperforming so-called moderate or more traditional Republicans.

Time and again, the president has found a way to get things done. That’s why Americans elected him.  Unelected “deep state” actors ought not be permitted to foil the will of the people, expressed in a valid election.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

NorthStar and Manufactured Housing Radix

 

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“Trailers for Sale or Rent,” “Pencil Head, Its Not a Trailer Park,” Manufactured Home Rental Reality Checks

June 11th, 2018 Comments off
TrailersforSaleorRentPencilHeadItsNotATrailerParkManufacturedHomeRentalRealityChecks

Face on left is a still from the music video, below.

It’s classic Sam Zell. “Pencil head,” Zell would say to potential investors who didn’t completely ‘get it’ about what is known today as Equity LifeStyle Properties (ELS), “it’s not a trailer park.”

 

It’s not a trailer park. So true.

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

To see the quote from an exclusive interview with Sam Zell, click the link here or the image above.

But the song by Roger Miller, King of the Road,” provides an interesting glimpse at a historic period in MHVille that ought to be reconsidered. In decades long passed, there once weretrailer parks.”

Miller’s song opens with these lyrics.

Trailer for sale or rent, rooms to let, fifty cents.

No phone, no pool, no pets, I ain’t got no cigarettes

Ah, but, two hours of pushin’ broom

Buys an eight by twelve four-bit room

I’m a man of means by no means, king of the road…”

King of the Road” was like a battle hymn of affordable housing populists in the mid-to-late 1960s.

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

Make a habit of using the correct terminology.

Unlike the video posted above, those true trailer houses and mobile homes of that era were newer and nicer then. It wasn’t a scandal when Elvis Presley honeymooned in a mobile home.

Elvis & Priscilla Presley Honeymooned in this Mobile Home

As informed MH Industry professionals know, it wouldn’t be until June 15, 1976 that the first manufactured homes were built. That anniversary of the dawn of the manufactured housing era comes again, this week.

For some, as “Trailer House Trauma” dramatized, the trailers of yesteryear were often seen as cool, and classy.

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

But over the years, somehow that higher degree of acceptability of mobile homes and trailer houses changed.

Part of the solution of the industry’s image issue today is to recapture its largely forgotten glory days.

To do so is both easy, and complex. For example, the industry must give every facet of pre-code mobile home owners – plus their early manufactured home evolutionary offspring – their well-deserved dignity and respect.

Affordable housing, then and now, ought to be celebrated.  Affordable housing can make even those ‘of modest means,’ King of the Road.”

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

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

 

Rediscovering Mobile Home Parks, and Manufactured Home Communities

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The mainstream media, researchers, investors, and politicos are discovering – or rediscovering – manufactured home (MH) communities (MHCs).

Part of the business model mix today is the notion of renting vs. selling HUD Code manufactured homes.

As the Glen Miller song lyrics reminds us, for decades there have been some who rented instead of sold units. Zell has suggested that rentals must be well managed, and kept marginal.

Arguably, renting homes was revived in part as a response to the flaws of Dodd-Frank, and how the CFPB under Richard Corday implemented the regulations regarding manufactured home financing.

The interview with Sam Landy, JD, from a couple of years ago, makes the point why seller financing was often dropped.  That’s explained in a report with a video interview linked below from a large community owner’s perspective.  Landy is also an attorney, which puts even more insight to the concerns that motivated their change to rentals. All of the linked reports can be read later for the added details, quotes, and color.

 

Sam Landy, UMH CEO, on Dodd-Frank and The Preserving Access to Manufactured Housing Act – S 682/HR 650

 

Manufactured Home Producers, Selling and/or Renting HUD Code Manufactured Housing

To dozens of factories, it doesn’t matter much if the manufactured home being shipped are going:

  • into a development where the home will be rented,
  • to a retailer who will sell the home,
  • or into one of hundreds of the estimated 45,000 land-lease communities from coast-to-coast where presently it will often be rented rather than sold.

Indeed, as yet another community operator told MHProNews recently, the ROI on rentals is strong.

UMH is one of several REITs or private portfolio operators who rent more manufactured housing units than they sell.

As Don Westphal said during a Manufactured Housing Institute (MHI) meeting, there are reasons to hope that renting homes may introduce a new wave of people to the manufactured housing industry. They may, he said, as a result buy later on.

While Westphal’s point might make sense in theory, the total shipment data doesn’t yet reflect that reality. Could it be made so?

Possibly.

In as much as a modest percentage convert from renting to buying, the potential exists.

 

Manufactured Housing’s Multi-Family Housing Opportunity?

There are no throw away or filler articles published on MHProNews. Each post or report exists for specific reasons. As the publisher, we admit that in hindsight, there are articles that we frankly might blanch at today that were published x years ago. But at that time, based upon what we then knew, we then-and-now have aimed for relevant topics.

As a result, industry professionals have always rewarded us with their time, and read about double the pages per visit than the average mainstream news websites get, per third-party data.  While the data has changed (e.g.: more traffic now than then), the prior video plug below makes the point.

 

MH Opportunities Knock

That’s said in part because there are significant opportunities to develop with manufactured housing, using more manufactured homes as rentals.

We’ve examined numerous issues, and scrutinized several themes over the years.  We’re refining insights into critical topics in the last 2 years. Each refrain is important-to-vital for the future of the sustainable growth of MH independents.

In an upcoming video interview, we have a retailer on camera who sold numerous residential style manufactured homes to a developer.

That developer using manufactured homes is reportedly renting the units as fast as he can get them in and properly installed.

Rephrased, a manufactured home retailer sold upscale models to a developer, not entry level ones, to be used for rental housing. Those residents who rent those sharp homes will be able to bring their family and friends over, to show them off with pride.

That in turn may fuel more of Westphal’s hope that rentals could lead to more sales.  It is one of several possible approaches, including the recent report on ‘reaching for the sky‘ with high-rise manufactured home towers.

High-Rise Manufactured Home Stackable Towers, Compete with Modular/PreFabs, Density at Lower Cost

The multiple-story manufactured housing Daily Business News report above spotlighted how the industry could be going vertical in more ways than one. The better-known expression for going vertical in MHVille is linked below, and can be read later for more depth of understanding.

 

Multi-Family with Manufactured Homes

The points noted herein are many, and some are nuanced.

On the one hand, factory-home builders ought to be doing 500,000 to a million new HUD Code manufactured homes a year.  Yet this year, the current estimates are that MH will finish with around 100,000 (+/-) new home shipments.  Ouch.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

There’s plenty of evidence – decades of proof of concept – that manufactured homes can be rented or sold. It’s a matter of chutzpah, the 7Ts, and establishing systems that allow one to scale results.

For example, as new apartments are going up, the evidence reflects that they fill up fast.

Bob Sullivan in Credit, citing the Urban Institute stated in a Nov 2017 report that “Today, single-family rental homes and townhomes make up 35% of the country’s 44 million rental units, compared to 31% in 2006.” and Almost all the housing demand in recent years has been filled by rental units,” says Sara Strochak, a research assistant with the Urban Institute. She also states that single-family rentals have gone up 30% within the last three years.”

Line those facts up with single-family manufactured homes, and the light-bulb for large, upside opportunities should be going off more often.

So, occasions for MHVille investing and earning more are actually more widespread than some in the business may realize.

 

Why the Low Production Numbers?

So why aren’t more new manufactured homes being shipped?

The reasons are many. But about a decade ago, capital constriction – artificially, by failing to follow federal law, and other forces – caused hundreds of retailers and numerous factories to fail or sell out for less. Related resources linked below will have more details.

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

But some of what’s gone wrong is perception.

SteveDukeLMHATheTerminologyMattersBecausetheTerminologyDefinesTheConstructionStandardsDailyBusinessNewsMHProNewsMHLivingNews1

 https://www.manufacturedhomelivingnews.com/the-ultimate-manufactured-home-industry-fact-data-and-insights-bullets-plus-at-a-glance-infographic/

We beat the drums on terminology in part because of two words. “Trailer trash.” How many people do you know that want to be known as “trailer trash?”

 

Millennials Need Affordable Housing, but “Trailer Park Boys” stigma slows Manufactured Home Acceptance

 

For example, we made numerous strategic efforts, sadly without any assistance from the folks in Arlington, to recast the discussion on the T-word.

RevDonaldTyeJrManufacturedHousingAdvocateQuickestWayWealthIndustryVoicesMHProNews500

Note, this graphic will be updated with the link to Rev, Tye’s comments, later today.

When is it appropriate to use the word “trailer?”

ItsAsWrongtoUseNWordToDescribeBlackAsUseTWordTodescribeManufacturedHomeRevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword

Isn’t this part of the antidote to the t-word issue?

When should the “T-word” be seen like the N-Word?

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.

The industry’s members and investors have several options to improve results. All of it should come down to a two words.

Compelling Education.”

Retailers, Communities, Developers, Financial Services, Producers and others must invest in education of their team, and the public. Those various forms of education must take place simultaneously.

That education must include a component that recognizes the dignity of our contemporary home buyers and residents.

That education must happen based upon facts, not hype.

The industry’s so-called leadership has arguably failed to make that case. It’s a reason why there are several alternative regional and national groups beginning to form to challenge MHI in the post-production advocacy.

ManufacturedHousingInstituteMHILogoMHIInfographicSnapshotFactCheckDailyBusinessNewsMHProNews600

 

Sam Landy was and is correct when he said that each company is responsible for its own marketing. Similarly, each operation is responsible for its own sales training program.

What is being “taught” by MHEI may have some value, but it clearly isn’t moving the industry’s needle, when making some common-sense comparisons, and reality checks.

RVAnnuaShipments2011to2016RVIALogoDataCompareManufacturedHousingIndustryDataDailyBusNewsMHProNews

The RV industry has sold rings around manufactured housing for years. Why? RVs cost more per square foot, and are a luxury item, not a necessity like housing. Thus, RV data, combined with the data from NAR’s Lawrence Yun tell us that manufactured housing could be doing a million new HUD Code homes annually, in a sustainable fashion.

Despite the evidence that MHI had a member company – ours, on the consulting side of our operation – that succeeded time and again at attracting the site-built buyer – sources say that MHI first attempted to sideline us, then tried to derail us.  It’s an outrageous conflict of interest, but per sources, not the first or the last.  But the question should be asked, why would they not spotlight that proof of concept?  Doesn’t MHI’s leadership want more growth?

AnnParmanVPManufacturedHousingInstituteMHILogoLATonyKovachMobileManufacturedHomeLivingNewsMHProNews800

Why did they spin and attempt to bury such behavior? Let’s see if they publicly answer that question, shall we?

 

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

The allegations herein, and those made by Marty Lavin, MHARR, and other voices in HUDVille are serious ones.

The facts reveal that manufactured housing could be doing far better.

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

The most recent backstab at MHI member companies may be what some are calling the “new class of homes” scam. Producers, including MHI members, are disturbed by what Fannie Mae is doing, apparently with MHI assistance.

Fannie Mae Touts MH Advantage Program, But Manufactured Housing Association Slams Plan as “Illegitimate,” “Bait and Switch”

 

Congressional, Federal, State Investigations

This publication asked before that the minutes of the MHI GSE closed door meeting be revealed. We think it’s time for even more federal investigators to occur, plus state AGs to get involved. The link below mentions some federal investigations that are already underway.

The arguable failures at the Arlington-based national trade group are numerous.

Nevertheless, they continue to get the support by Berkshire Hathaway brands consistently. That fact belies any theories of mere arrogance, incompetence, collective low level of experience in MHVille, etc.

Put differently, Berkshire Hathaway won’t reward non-performance. Clayton closed roughly 100 of their own retail centers since 2011. Isn’t it reasonable to believe that the Berkshire brands in MHVille like what MHI is, and isn’t doing, and getting done?

Why would Jennison get his contracted extended at all? Several current and former MHI VPs have had less than favorable comments about Jennison’s abilities.  That’s simply a fact, repeatedly told to MHProNews.  So given the questions about the man, from his own office, why was he renewed? Or more to the point, why did he get a bonuses or a raise, per their IRS form 990?

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

More than one attorney the Daily Business News has spoken with see potential grounds for civil actions and/or anti-trust case potential. Other legal claims may be possible, such as allegations of deceptive trade practices charges, interfering in contractual relationships, conflicts of interest, RICO, and other instances that could result in federal and/or state bureaucratic action.

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

It must be noted that those attorneys include those who are exploring class action or other claims on a contingency basis. Contingency cases mean that law firm must have a high degree of confidence in their potential case.

Will Berkshire Hathaway brands and MHI have a defense to mount? Of course. That’s what courtrooms, and the legal system are for, to give a civil battlefield for legally contentious concerns.

For over a year MHI and the Berkshire Hathaway brands in MHVille have declined numerous opportunities offered by MHProNews to respond in writing to the concerns raised, or to debate them publicly via video.  They fact that they won’t engage speaks volumes, doesn’t it?

The fact that Rick Robinson would not answer trade media questions in Deadwood, SD speaks volumes.

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNewsDitto when Dick Jennison ducked out on a presentation scheduled weeks in advance.  He did so after we published a list of questions attendees should ask him during the Q&A.  That too should shout “what’s going on?” Even pro-MHI state association executives told MHProNews how suspicious that behavior by Jennison.

RichardDickJennisonManufacturedHousingInstituteMHIPresidentCEOLouisvilleManufacturedHomeShow2018DailyBusinessNewsMHProNews-76

The Top Twelve Questions for Manufactured Housing Institute (MHI) CEO, Richard “Dick” Jennison

Manufactured housing has come of age.

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

Manufactured homes are the solution to the affordable housing crisis that’s hiding in plain sight, as MHLivingNews spotlighted years ago. That slogan we floated is becoming a more common refrain in the mainstream media.

“The Solution to the Affordable Housing Crisis is Hiding in Plain Sight”

But until the debatable chokehold of Arlington, Knoxville, and Omaha are fully exposed and lawfully dealt with, consolidation rather robust growth may sadly continue.

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

See Smoking Gun 3.

That seems to be the unstated purpose of MHI.  That’s why we’ve editorially dubbed MHI the ‘Monopolistic Housing Institute.’

The foot must be taken off regulatory and capital brake peddles.

The Trump Administration has repeatedly shown that they’re doing its part. We pray daily that the administration won’t mistakenly allow some Berkshire Hathaway lackey to be named as the next administrator at the Office of Manufactured Housing Programs. The next administrator must be sensitive to the interests of independent producers, who are fighting against giants.

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

The affordable housing crisis is costly to tax payers. The regulations have for years been harmful to competing investors, and independent businesses, who create jobs in MHVille that make the American Dream possible for more good people.

The industry hasn’t sold trailers or mobile homes for more than 4 decades.

We need more industry voices willing to support the common-sense cause of fully enforcing specific, existing laws.

  1. The robust implementing of the Duty to Serve manufactured housing by the Enterprises.
  2. To do the necessary tweaks to FHA and other federally insured loans to break the Berkshire Hathaway finance grip, and
  3. to fully enforce the Manufactured Housing Improvement Act of 2000, including enhanced preemption.

Doing so will fully harness the power of manufactured housing to serve millions of Americans, with little or no tax payer subsidies. It’s a series of mutual victories, once the choke holds noted are removed.

 

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

 

The full implementation of the 3 points above could unlock some $2 trillion dollars in additional Gross Domestic Product (GDP), per third party research.

The case for contemporary manufactured housing advancement as the solution for millions of Americans is made above.  At the heart of the American Dream is the saying, “a man’s home is his castle.”

From the days of the 1960’s ballad King of the Road,” to today, the evolutionary solution is the same. Factory-built housing makes sense.

It is up to forward looking professionals to navigate the issues noted, to move manufactured homes up to meet the potential that Operation Breakthrough, Harvard’s Eric Belsky and a GSE – among others – said manufactured housing could achieve.

That’s why the billionaires want as much of the industry as they can get their hands on. ## (Coaching tips, marketing, sales, and management news.)

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

Related Reports:

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

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.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

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

 

 

President Donald J. Trump Proclaims June 2018 as National Homeownership Month, Industry Reaction

June 7th, 2018 Comments off
NationalHomeOwnershipMonthManufacturedHousingIndustryDailyBusinessNewsMHProNews551x311

Still from video, posted further below on this article.

Via a release from the White House Press Room to the Daily Business News, the President of the United States (POTUS), Donald J. Trump, said as follows.

 

— start of extended quote —

PresidentTrumpProclaimsNationalFairHousingMonthApril2018DailyBusinessNewsMHProNews

During National Homeownership Month, we affirm the joy and benefits of homeownership.  For millions of Americans, owning a home is an important step toward financial security and achieving the American Dream.  My Administration is committed to fostering an economic environment in which every family has the opportunity to enjoy the sense of pride and stability that can come with owning a home.

Our Nation’s economy is experiencing tremendous growth.  I signed into law historic tax reform that cut taxes for middle class Americans and small businesses.  My Administration has also slashed unnecessary and burdensome regulations that stunted economic growth.  As a result of these actions, Americans are keeping more of their hard-earned paychecks, unemployment rates are at historic lows, and more Americans are entering the workforce.  Consequently, owning a home is becoming more attainable for many Americans.

Numerous benefits are associated with homeownership.  Owning a home gives Americans a place to call their own, and a place of comfort and safety where they can raise their families.  Homeowners also support local businesses, have a strong vested interest in their communities, and foster bonds of friendship with others who live and work in their neighborhoods.  A home is more than a place to live — it is also an investment in family, in community, and in the long-term prosperity of our great country.

This month, we celebrate those Americans whose success and determination have helped make them homeowners.  Their dedication to their families and communities, and to achieving a brighter and more secure future, is an inspiration to each person who is pursuing their own American Dream.

NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim June 2018 as National Homeownership Month.

IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day of May, in the year of our Lord two thousand eighteen, and of the Independence of the United States of America the two hundred and forty-second.

DONALD J. TRUMP

— end of extended quote —

Fannie Mae produced a fine video, shown below.  But for all of the lip-service that they’ve been paying to manufactured homes, there’s no hint or mention of it in this video.  Why not?

To return to and surpass the manufactured home (MH) industry’s glory days, MH Pros must learn to look past polite words, posturing, or platitudes, to focus on realities.  For example, by every measure, the president is delivering. We’re proud to have editorially supported him during the primary and general election, and are focused on his results, not rhetoric.

FannieMaeManufacturedHomeAdvantageDailyBusinessNewsMHProNews600

Similarly, we must look at how Fannie Mae is touting on their home page their new Manufactured Home Advantage program. Much of what they say is terrific, and accurate, when it comes to the realities of modern manufactured homes.  But then they are arguably also subtly undermining manufactured housing, when they promote what amounts to the Manufactured Housing Institute’s (MHI) problematic “new class of homes.”

We asked officials at Fannie and MHI about this 2 days ago.  The reply?  Silence.

But others are speaking out.

 

MHI Member Observations

An MHI member/producer emailed the Daily Business News blasted the GSEs for how they’re treating the vast majority of manufactured housing.  It might have been written by MHARR, but it was a MHI-only national association member.

In another message from a MHI producing member, there’s these excerpts from a longer message.

Tony.

Good article on the Trauma issue

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

Secondly, the big change has to come from within and education and honesty.

QUIT describing ourselves as how long, how wide and how much…

 …You want parity with site built homes, then act like it!”

Image…

I check into the Tunica show and asked how many Retailers were attending… the lady looked at me as if I had two heads… when did they start calling them Retailers…”

It is all of our responsibility…I avoid the T word like those that avoid the N word.”

Whenever I hear it [the T word], I tell them that is something you put your boat on…Take care…”

What does it say that so many MH professionals fear speaking out publicly?

 

MHARR on National Home Ownership Month

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNewsNaturally, the Manufactured Housing Association for Regulatory Reform (MHARR) supports every possible legitimate effort to increase the wealth of renters via home-buying. HUD Secretary Ben Carson pointed out during his tour last year that renting households average only $5000 net worth, while home owners net worth averages some $200,000. While MHARR’s advocacy is for common sense regulatory reform, the ultimate beneficiaries are citizens,” said their President and CEO, Mark Weiss in a message to MHProNews. “Thus, our motto, “Preserving the Dream of Home Ownership through Regulatory Reform.”

That said, educational and marketing efforts are the proper purview of the post-production sector of the industry,” Weiss stated.

The umbrella association that claims to promote the interests of the post-production sector were AWOL last year on National Home Ownership month. They were absent the year before as well, failing to promote the 40th anniversary of the first HUD Code manufactured homes,” the MHARR president said.

There is an urgent need to establish a reality-based post-production representation that isn’t dominated by a few major companies that would seemingly rather see the industry’s consolidation instead of protecting, educating, and promoting solutions that would benefit consumers, industry and save tax payers in the process,” said Weiss.

 

Weiss’ Thoughts, Juxtaposed to Lavin’s and Allen’s

Weiss, Allen, and Lavin have all recent called out the Manufactured Housing Institute for a variety of ways that they posturing helping all segments, but in fact work for the interests of what Lavin calls the big boys.”

Weiss, as well as others are calling for – and some are working towards – a new, post-production representation.

The independent producers of HUD Code manufactured homes already have able representation in MHARR, as the Washington Post, George Washington University, and the SBA have all helped make clear.

 

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

When there’s an affordable housing crisis, and manufactured homes are estimated to do perhaps 100,000 (+/-) new home produced in 2018, what does that say about MHI’s so-called post-production leadership?

2018-06-07_0622ItsADisgraceTheSystemIsRiggedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Screen capture from this morning, at 6:22 AM ET.

POTUS Trump has used the phrase, “The System Is Rigged” many times. Isn’t the MHI system rigged against the interests of most of the independent companies in MHVille? Isn’t it monopolistic when they promote a “new class of homes” that their big three members are producing?

Is it the Trump Administration whose made progress possible in MHVille? Or is it Berkshire Chairman Warren Buffett, who promoted Secretary Clinton, who had she been elected promised to double down on job and small business killing taxes and regulations? Isn’t the MHI system rigged? “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

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