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Andy Gedo, Partner at ManageAmerica, Raises Clayton Homes Monopolistic Practices Debate; Manufactured Housing Institute Related Issues

May 18th, 2019 No comments

 

AndyGedoPhotoManageAmericaPartnerLinkedInDailyBusinessNewsManufacturedHousingIndustryMHProNews

Andy Gedo’s LinkedIn profile says he is a “Partner at ManageAmerica.” They are on online property management platform, that cites manufactured housing as one of their specialties. They are active at Manufactured Housing Institute (MHI) events, and per sources, an MHI member.

 

To set the stage for the discussion that follows, let’s note that Gedo – who entered into a public online discussion this week with our publisher, L. A. ‘Tony’ Kovach on LinkedIn regarding Clayton Homes – previously posed a question to George F. Allen.

Gedo asked Allen a question about one of Allen’s posts, “George, please provide the details of your proforma $12,000 annual expense budget for a 200 site community.  That amount doesn’t even cover a Manager’s salary for such a community.  What am I missing?”  It was a perfectly reasonably question.

Allen’s response?  There was none.  To which Tony Kovach, after liking Gedo’s question, posted this: “George, Andy Gedo has asked a relevant question.  Where is your reply, sir?  How can you claim to educate, when you won’t answer questions?  Isn’t that part of the educational process, Q&As?” For more on Allen, Joe Stegmayer, MHI and related, click here.

That post and exchange reveals several things, because Tony Kovach previously asked Allen a question about another post. Allen’s reply? None.

The first reasonable takeaway is that respectful discussion – which can include direct questions, even pointed questions – are a potentially useful facet of social media.

With that backdrop, Gedo, who’s firm’s website says started in 1999, asked about a post made by our publisher earlier this week.  Here is the link to the that LinkedIn post, and the screen capture below is a reflection of the linked article that Gedo to, which sets the stage for the online discussion.

 

KevinClaytonAnswersCNBCsMonopolyQuestionLinkedInPostManufacturedHousingMHProNews

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Here’s Gedo’s comment/reaction to that public social media post. “Come on Tony, her question wasn’t whether Clayton/Berkshire intends to monopolize the entire homebuilding industry, but rather whether they intend “own every aspect” of it — to vertically integrate, not own the entire thing.”   The “her” Gedo was referring to is CNBC’s Diana Olick, who covers real estate news for the business focused, left-of-center news website.

Here’s Tony’s reply, with the typos like ‘distinction’ in original.

Its a distiction without a difference Andy.  Perhaps you’ve missed what HousingWire, Bloomberg LATonyKovachMHanufacturedHomeLivingNewsManufacturedHousingProNewsConsultantIndustryExpertor others have spotlighted?  Warren Buffett said he had 3 percent of brokerage in an annual letter, and added “Only “97 percent to go.” Google it.  That said, I respect your question.  Try explaining these facts, linked below.  Kevin, Tim, and their attorneys have declined.  Why not try to explain it for them?

https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

We routinely invite Clayton, 21st, and MHI to respond, or dispute our concerns. Why do they duck that, if there is nothing to hide?  So back to your question. CNBC is perhaps the first in mainstream media for a while that asked that question that way. It lacked a follow up, but at least they deserve credit for asking about the growing concerns not just here, but in other mainstream media that use the word “monopoly” when it comes to Clayton and Berkshire.  Those other media are found linked here.

http://mhpronews.com/blogs/tonykovach/ultimate-proven-contrarian-investing-ethical-vs-unethical-legal-vs-illegal-manufactured-housing-industry-strategies/

AndyGedoLinkedInManufacturedHomeCommunitiesPhotoDailyBusinessNewsMHProNewsGedo rapidly posted on LinkedIn the following retort. As MHProNews has often done for several years, we’ve turned the quoted text brown and bold to make it pop, but the comments are otherwise unedited in any material fashion.

Tony, the CNBC interviewer’s question was:  “Your parent company, Berkshire Hathaway owns a real estate brokerage, it owns an insulation company, it owns a Benjamin Moore… and it owns [Clayton Homes, which has bought 9 site-built homebuilders].  Is this their master plan, to own every aspect of the U.S. housing market?”   Kevin Clayton gives an honest and revealing answer that explains why Berkshire believes that owning both manufactured and conventional builders will enable them to realize efficiencies by “blurring the lines” between the two.  Both the question and the answer are about vertical integration, not monopolistic practices.   You are still entitled to your opinion about whether Clayton wields monopoly power, but it isn’t addressed in this interview, and that is obvious to anyone who bothers to watch it with an unbiased eye.”

Gedo was clearly posing a thoughtful defense for Clayton Homes via his comments.  That’s fair, and MHProNews editorially respects that, and encourages others to do the same.

Tony praised Gedo for his effort.

Andy, kudos on giving it a good shot, sir! Again, it is a distinction without a difference. Kevin’s reply is quoted at length in the linked report:

http://www.MHProNews.com/blogs/daily-business-news/antitrust-heats-up-with-supreme-court-ruling-monopolization-legal-experts-weigh-in-clayton-related-comment-connection/

We don’t duck the facts, we check ’em.

Kevin didn’t deny the trend toward monopoly. What he did was say it was a 100 year plan, and yes, it includes ‘blurring the lines.’”

Our publisher then pivoted back to Gedo’s original question, which said in part: “…her [CNBC’s Oleck] question wasn’t whether Clayton/Berkshire intends to monopolize the entire homebuilding industry…” With that part of Gedo’s question in mind, Kovach said he added this in his publicly posted reply.

Italics, bold and brown – as before – are added for publication here to make it ‘pop,’ but the text by Tony is as in the original post.

ManufacturedHmeIndustryAchieveGreatPotentialAddressingResolvingCauseCorePerceptionIssuesLATonyKovachQuotePresentationPhoto

Look, you or anyone can ignore what The Nation, OpenMarkets, the Atlantic, Guru Focus, or the Seattle Times published. It isn’t as if it is just MHProNews, is it?

Which begs the question. Why aren’t others in the industry’s trade media raising this issue? Why are so many – perhaps out of fear, going along to get along, etc. – not saying publicly what they discuss privately? Even George Allen, before he was re-embraced by Arlington, raised the issue of “oligarchy” and the problem of consolidation. That’s a polite phrase for alleged monopolistic practices. Please look at the links shared, and respond to those. Then, get your friends in Arlington and Knoxville to reply directly. It’d be the hottest read in MH. Feedback welcome. Thx.”

The Seattle Times in a May 18, 2018 article touched on the issue of ongoing federal investigations of Clayton Homes.

But Tony went further, adding follow up questions for Gedo.

Andy, now let me ask you a few questions, please. I think your firm is an MHI member, right? How do you explain the fact that MHI doesn’t have the Ben Carson speech on their website?

Why doesn’t MHI respond to attacks by MHAction? Or the John Oliver video?

Frank Rolfe, an MHI member, pointed out some years back that MHI fails to either promote good third party news, or defend against third party attacks. We’ve followed the pattern since then. There is evidence for Frank’s concerns.

Tim Williams, while MHI Chairman, said there is a good case to make to defend against every attack. So, why hasn’t MHI done so? Who benefits from 7 months of dropping year-over-year shipments? Consolidators?”

 

HUDSecretaryBenCarsonManufacturedHousingInstituteLogoMHILogoMHISiteSearchMHProNews

The same was true early this morning. Do you think they will update it during this weekend? Add the Carson speech next week? Ever? If not, why not?

 

The Value of Andy Gedo’s Comments

Now, there could be many possible reasons why Gedo didn’t respond further, as of 6:53 AM ET.  We encourage him or others interested in the discussion to do so.  Again, that LinkedIn post and related question thread is linked here.

It must be noted that Clayton Homes, 21st Mortgage Corp, other Berkshire Hathaway brands, and numbers of individuals associated with the Arlington, VA based MHI monitor and/or engage there. Why didn’t they weigh into that discussion?

That’s just part of the value of the discussion that Gedo launched.

There could be several reasons why MHI has not yet posted the useful and encouraging Secretary Ben Carson New Orleans speech, or the positive National Association of Realtors (NAR) research by Scholastica Cororaton, or the comments MHI used to publicize – but stopped doing a few years ago – about Eric Belsky about manufactured housing as of 6:59 AM ET.

But that begs the question.  Why are they failing to do what Tim Williams, Frank Rolfe, and others have said is an obvious, useful or logical need?  The possibly reply to that is what Tony Kovach posted “Who benefits from 7 months of dropping year-over-year shipments? Consolidators?”  Kovach noted that even George Allen used to point to the same types of problems, until he was ‘re-embraced’ by MHI leaders, like Kevin Clayton or Joe Stegmayer.

 

WeveGotAProblemGeorgeFAllenQuoteCommunityInvestorEducateMHCSECOMobileHomeParkManufacturedHomesMHProNews

To see more disconnects between Allen and his flip-flops, then and now, click here. ‘Even a stopped clock is right twice daily.’ See the John Oliver Mobile Homes fact check here.

 

There will be a special report tomorrow morning that will be a ‘taking it to the next level’ report. Watch for it.

In the meantime, two prior quotes will be useful to end on here, after making the following observation.  Thousands of manufactured home industry – along with hundreds of other professionals interested in or researching the industry – logon daily, not for mere opinions. They can go elsewhere for more colorful if routine opinions, but rather, they come here for fact checks, analysis, and answers to the questions that no other trade publisher in the industry is addressing.

The National Association of Manufactured Housing Community Owners (NAMHCO) broke away from MHI, precisely because they were not effective at their stated claims.

NealTHaneyNAMHCOWhyBreakawayfromManfuacturedHousingInstituteMHI

The Manufactured Housing Association for Regulatory Reform (MHARR) is an independent producer’s association.  For obvious disclosures sake, they are also a sponsor at this site. That said, they don’t control our content – nor do our parent company’s other clients or sponsors. We control our content, based on what seems to be relevant to the industry’s needs, timely issues, topics, and related factory-built housing industry interests.

Given a 7-month downturn of HUD Code manufactured home shipments during an affordable housing crisis, the industry is perched for a new round of consolidation – that is a virtual given.  Especially so, if there is no turn around.  Why has Clayton or MHI ducked that vexing issue?  Why has Clayton’s parent company – Berkshire Hathaway – not used their own BH Media Group to publish articles on manufactured housing that counter the negative media accounts?

But those obvious disconnects beg the questions: why has Buffett/Berkshire apparently used ‘dark money’ channels to de facto help fund MHAction?  Or why fund the Center for Public Integrity, which did the first Clayton Homes/Seattle Times expose?  Why support Prosperity Now, which opposed MHI backed Preserving Access?

To understand the full scope of the arguably deceptive web of traps that have been laid for unwitting manufactured home independents and investors in certain publicly traded firms, click here for more details and analysis.

If mere ‘opinion’ was what readers got here, this platform wouldn’t be the industry’s runaway largest audience by far reading reports like this. For more details, click the below.

 

B2B Statistics, Trends 2019 – April 2019 Snapshot of Manufactured Home Professional Readers

In a small industry, to have over 12,000 logons daily with well in April is an astonishing market penetration. In 12 months, over 16,818,375 pages have been viewed here on MHProNews. To grasp that number, picture a stack of over 525,574  32-page magazines piled high. That blows away anything in manufactured housing. To learn more, click the linked text-image box above.

Do draw this towards a close this Saturday, those who have the time and want to truly understand what is occurring in their industry, there is no other manufactured housing trade media analysis that has even dared scrutinize the facts like those linked here which Gedo, Clayton, or MHI have not responded to publicly. What are they skittish over?

Why are others in the industry trade media afraid to check those facts which quote Kevin Clayton, Warren Buffett, and Tim Williams, word for word?

Apparently so. No investor or professional can understand manufactured housing without understanding the ‘elephant in the room.’ That’s Clayton Homes, 21st Mortgage Corp, and also Knoxville metro-based Vanderbilt Mortgage and Finance (VMF).

Andy Gedo is to be commended for making professional yet pointed questions. We welcome those. They clarify that what is occurring is more than opinion. We welcome him continuing the discussion, if he so chooses.

The startling issue is why others manufactured housing trade publishing or bloggers have ignored what the Nation, The Atlantic, GuruFocus, Forbes, The Hustle, the Seattle Times, or the Jacksonville Florida Times Union have reported that point to similar concerns that MHProNews and/or MHARR, or NAMHCO have raised. It’s not like we are crazed rogues, rather, we cover topics that others have – only we’ve done so with more focus, details, and depth. We’ve invited the Omaha-Knoxville-Arlington axis and their allies to weigh in. Silence. At least Andy Gedo tried.

Note that those linked mainstream media reports above sources span the left-right political/media divides? So, Andy Gedo and others – with all due respect – the facts are what they are.

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Dr. Ben Carson, HUD Secretary, official photo. See his full speech in New Orleans, linked here, along with videos, and more. Note: we claim zero influence with Sec Carson, but it is interesting to note that his comments dovetailed with several points found in MHProNews, and in Tony Kovach comments letters to HUD.

When HUD Secretary Ben Carson tells MHI members to their faces that it is time to end the secret of manufactured housing, that should be a wakeup call to the industry and its many investors,” said industry expert, publisher, and former MHI member L. A. ‘Tony’ Kovach. “MHI members have to ask why the Arlington based trade group have not touted to the whole world Secretary Carson’s entire speech?  Why hasn’t Clayton Homes, Berkshire Hathaway, or the BH Media Group done so? Why not use their media contacts and self-proclaimed ‘clout’ to publicize this good news for most manufactured housing industry professionals and possible consumers? Kevin Clayton and Tim Williams – they are educated, and intelligent professionals.  Are we to believe that they are hiding the good news about manufactured homes? If so, why?  Who benefits from hiding the truths about manufactured homes? Perhaps as or more important, how many millions are being harmed?  How much does this cost manufactured housing independents every year?”

Such pertinent, ‘evergreen’ questions are not found anywhere else presently in MHVille’s trade media.  Why not?  Rather, there is an almost echo-chamber like effect, which sings various pages out of the Omaha-Knoxville-Arlington hymnal.  But if that song book is resulting in loss of shipments year-over-year, and more consolidations, why sing along?

Perhaps that is why our readers are voting with their browsers, tablets, smartphones, and time here on MHProNews and MHLivingNews because this is where they find news, analysis, fact-checks and commentary that holds together and makes troubling sense.

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The next step in untying the Gordian knots of manufactured housing will be unveiled tomorrow morning. Watch for it.

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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.

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Right is right even if no one is right. Wrong is wrong even if everyone is wrong. Objectivity, an issue that Andy Gedo correctly raised, is valuable. That takes time and discernment.

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

 

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

Related Reports:

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

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MIT Answers – What’s the Minimum Needed by Family of Four for Housing, Food in Each State in U.S.?

May 16th, 2019 No comments

 

MITAnswersWhatMinimumNeededFamily4FourForHousingFoodEachStateUSManufacturedHousingMHProNews

MIT is the famous and widely respected Massachusetts Institute of Technology.  They recently provided an update to what they call their “living wage calculator.”

 

The data shown is from CNBC based upon their use of MIT’s methodology.

 

MITMassachusettsInstituteTechnologyCambridgeMassWikipediaMHProNews

 

For those who look and say, ‘that’s too low,’ keep the following in mind.

The MIT Living Wage Calculator “…determines the minimum amount necessary to meet basic needs without dipping into poverty or relying on outside help.”  It doesn’t include restaurants meals, vacation or money left for savings and investment.

MIT explains that “It is a market-based approach that draws upon geographically specific expenditure data related to a family’s likely minimum food, childcare, health insurance, housing, transportation, and other basic necessities (e.g. clothing, personal care items, etc.) costs. The living wage draws on these cost elements and the rough effects of income and payroll taxes…”

  • For two adult families where both adults are in the labor force, both adults are assumed to be employed full-time.
  • Full-time work is assumed to be year-round, 40 hours per week for 52 weeks, per adult.

The Daily Business News on MHProNews make the obvious point at the end of this infographic.

 

MITLivingWageCalculatorMassInstituteTechCNBCHousingFoodEachStateManufacturedHousingMHProNews

 

The data, as noted, is for the minimum needed, vs the average or mean cost of housing in those same states. The figures shown routinely work for manufactured home sellers.  They routinely don’t work for conventional new home sellers but work somewhat better for existing home sellers.  MHProNews has made this point below for years.

HUD Secretary Ben Carson said it like this.

 

HUDSecretaryBenCarsonAffordableHousingManufacturedHomesQuotesManufacturedHousingConferenceMHProNews

HUDSecretaryBenCarsonAffordableHousingSupplyDemandCostSavingsFHFAAppreciationSustainableOwnership5000renters200000OwnersQuotesMHProNews

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

There’s a good case to make that Secretary Carson is right.

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

So why is manufactured housing struggling?  Among the reasons is a point made by controversial Frank Rolfe, who was nevertheless correct about the following.

 

Carson’s comments are not on the MHI website again today. Frank, when you are right, you are right.

What’s MHI thinking? Or are they working to suppress performance while posturing efforts? Here’s another longtime MHI member, George F. Allen, who said this.

 

WeveGotAProblemGeorgeFAllenQuoteCommunityInvestorEducateMHCSECOMobileHomeParkManufacturedHomesMHProNews

To see more disconnects between Allen and his flip-flops, then and now, click here.

The evidence for factors that could cause a surge in manufactured home performance are all around, for those willing to look at facts.

The road blocks for the industry routinely grace back to what Rolfe directly, and Allen obliquely pointed to – it arguably does includes MHI, which is dominated by Omaha-Knoxville and the ‘big boys.’

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

WhenWrittenInChineseCrisisComposedTwoCharactersOneDangerOtherOpportunityJohnFKennedyQuoteMHProNews

Learn more at the links below the byline and notices. That’s the promise, potential, and the problem in tonight’s manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

Related Reports:

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

 

 

 

 

 

 

 

 

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

May 16th, 2019 No comments

 

CensusHUDOfficialResidentialConstructionReportApril2019DareCompareManufacturedHousingDataMHProNews

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

 

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

 

BloombergShipmentProductionDataManufacturedHousingMHProNews2019-05-16_1057

 

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

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

 

 

 

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

 

May 16, 2019

 

HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN APRIL 2019

 

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

NewResidentialConstructionApril2019BuildingPermitsSingleFamilyHousingStartsCompletionsHUD-USCensusBureauManufacturedHousingIndustryMHProNews

 

Building Permits

 

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

April.

 

Housing Starts

 

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

 

Housing Completions

 

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

 

EXPLANATORY NOTES

 

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

 

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

 

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MHIlogoMonopolisticHousingInstituteLogoManufacturedHousingInstituteLogoMarch2019ProductionShipmentReport

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

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

 

MHARRshipmentProductionMarch2019ManufacturedHousingReportMHProNews

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

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

MHARRshipmentProductionMarch2019ManufacturedHousingReportMHProNews

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

 

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

 

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

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

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

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

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

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

Related Reports:

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

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

 

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

HUD Code Manufactured Home Production Decline Continues, May Updates

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

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

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

What Does Doing Your Job Looks Like in Manufactured Housing?

May 9th, 2019 No comments

 

WhatDoesDoingYourJobLooksLikeinManufacturedHousingDailyBusinessNewsMHProNews600

There is nothing wrong with photo opportunities and videos. MHProNews and MHLivingNews have used them too. But photo ops and videos ought to compliment a broader vision, not replace it.

 

There are thousands of videos about manufactured housing online.  There are untold numbers of still images.  But the ones that are negative often outweigh the views of those that present manufactured housing in a positive light.  That in a nutshell summarizes the plight of the industry’s image challenge.

sam-landy-ceo-umh-posted-manufactured-housing-industry-communities-retailing-postedDailyBusinessNews-MHProNews-

Sam Landy, UMH President and CEO.

Sam Landy, JD, President and CEO of UMH Properties (UMH) told MHProNews that marketing is ultimately the responsibility of each individual company.  That is an obvious truism.  It would be nice if a trade group stepped up to do or compliment that effort, but in the current state of industry affairs, that certainly isn’t occurring effectively.  Yes, MHI makes videos or posts photos on Facebook numerous times each week.  But the 7 months of declining shipment numbers tell the tale.

The report last night about Bryan, TX tells another part of the sad tale of the low state of affairs in manufactured housing.  The Arlington, VA based trade group says about itself that: “The Manufactured Housing Institute is the only national trade organization representing all segments of the factory-built housing industry.” Rephrased, they are saying that they address both production and post-production related issues. Hmmm, let’s see.

By contrast, here is what the Manufactured Housing Association for Regulatory Reform says about itself, “MHARR is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.”

Recast, they are saying that they are a production-issues oriented trade group. Really?  Let’s see.

In the past few days, MHARR has tackled these two issues, published at the links below.

Assistant Secretary Brian Montgomery Removal of Obsolete and Superseded Guidance Documents Letter

New, Revised, and Proposed Energy Conservation Standards and Test Procedures for Manufactured Homes

By contrast, what has MHI published on their website?

Where is the fine Secretary Ben Carson speech delivered at their own Congress and Expo?  As the report linked below reveals, they emailed a few words from it.  But as of this morning at 9:10 AM ET, their own search tool says the same thing as the screen capture below.  That’s largely a post-production speech.  Secretary Carson’s address praises manufactured housing.  Why isn’t MHI promoting it?

Manufactured Housing’s Professional Credibility

 

An online search this morning reveals the Secretary Carson address on MHLivingNews’ site, but not on MHI’s website either.

 

BenCarsonNewOrleansProMHSpeechCongressExpoSearchDailyBusinessNewsMHProNews2019-05-08_2041

This was rechecked today at the time shown, so that’s the latest. Will MHI – out of embarrassment, the desire to do what is right, or for any reason post this pro-industry address on their own website? If so, when? If not, why not?

MHARR is stretching beyond their production issue mandate, to see how they can use targeted efforts to address post-production issues.

Bear in mind that the National Association of Manufactured Housing Community Owners (NAHMCO) broke from MHI, precisely as a vote of no-confidence in MHI addressing issues such as the Duty to Serve manufactured housing.

NealTHaneyNAMHCOWhyBreakawayfromManfuacturedHousingInstituteMHI

But in the world of manufactured home trade media, we are not aware of any that have raised such fundamental and obvious points.  Rather, they have touted MHI – as if they are doing their jobs.

That’s their right to publish what they wish – within the norms of the law and morality – which we respect their right to be wrong in the manner that they ‘inform’ their readers.

LATonyKovachHenryFordQuotesPrettyPicturesAchieveGoalsDailyBusinessNewsProNews

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

 

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

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

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

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

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

Related Reports:

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

 

Gannett Media Exposés, MH Community Owner Moves Sparks Outrage – IEDs of Manufactured Housing

Manufactured Housing – White Hats, Black Hats, Investing, Consumers, MH Independents

 

 

 

 

 

 

 

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

May 7th, 2019 No comments

 

NoRenamingManfuacturedHomesRedefiningManufacturedHomesTinyHouseLessonsLearnedMHProNews

Let’s be clear. Tiny houses are a fad or trend that provides numerous lessons for the factory-built housing industry.  That doesn’t mean that we have to rename everything as a tiny house.  It may be useful to use that phrase on a truly smaller HUD or other code factory-built home.

 

But this report is about more than ‘what’s in a name?’

Tiny house videos break all kinds of norms that numbers of manufactured home marketers mistakenly believe in.  Rephrased, that means there are lessons to be learned from this video specifically and generically.

We aren’t going to give away and unpack every detail from this video. But in the first day or two, this specific video had outperformed every Manufactured Housing Institute (MHI) video made to ‘promote’ manufactured homes combined. It blows away the results from Clayton Homes new, costly “Prefabulous” campaign.  Ouch, but again, there are lessons to learn.

It may look cool, but it is also a house on a trailer frame. Think about that for a few seconds, and hundreds of thousands of people think this is cool!

 

 

It took the couple in this video 6 months to build this Do It Yourself (DIY) tiny house on a trailer frame. The couple was unemployed at the time, so they took that time to do the work, but also had help.

Now think about the value of the monetary value of that time.  Then think about the fact that they could have gotten a job and earned money during that same timeframe.

Here in the U.S., they could have purchased a far larger HUD Code manufactured home with the cost in time, talent, materials, etc. that was required to do that same DIY tiny house.

Millennials are among the age groups that think that tiny house living is cool.  We aren’t going to spell out every detail or nuance in this column, but let us say this.  Manufactured housing is underperforming.  The indicators are all around us, historic, other industry trends — including videos like this one posted above.

How can you break out of the trap of low volume sales? First, by being willing to learn the common sense lessons, ponder how it may apply, and be willing to think and do differently from the pack.

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

You are at the right place to start.  For professional growth and business development services, click here or below.  To sign up for our industry leading email, click here or below.

There are common sense indicators that manufactured homes could be 5, 10, perhaps 20 times or more higher sales levels in local markets like yours than the industry is achieving today. RVs outsell MH 5 to 1. MH used to outsell RVs 3 to 2 in 1998.

Our publisher and industry consultant, L. A. ‘Tony’ Kovach has said that bit of marketing lore, “You either define yourself, or others will define you.  If you allow others to define you – your product, service, business, industry, or you personally – then depending on the motivations of those others, they may define you to your disadvantage.  Learn how to define or redefine yourself and your manufactured home products or services in your market(s).”

The blend of historic and other lessons learned are all part of the path to increased success.

Clayton Homes and the trade association that they purportedly dominate, MHI, either know what they are doing or they don’t.  Either way, they too are underperforming, aren’t they?  Why not learn that obvious and valuable lesson? Why follow the leader that takes you to a dead end, or declining sales?

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

 

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

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

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

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

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

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

Related Reports:

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Warren Buffett’s Profitable Lessons for Manufactured Housing

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

 

 

 

 

 

 

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

May 6th, 2019 No comments

 

DecliningManufacturedHomeShipmentsMoreSeriousThanRetailersCommunitiesBeingToldDailyBusinessNewsMHProNews

The new data for March 2019 is in. This May 2019 HUD Code production data update is arguably more serious than any other bloggers or trade media in manufactured housing dare publish.

 

This Daily Business News on MHProNews report will reflect the latest toplines. But it will also shed light on how this 7 month trend arguably more serious than alternative theories promoted by numerous ‘association mush’ sycophants that are emanating from several corners of MHVille.

Let’s bullet some of the reasons why this new data further below is arguably worse than what many are saying.

 

  • First and foremost, there is an affordable housing crisis. FEMA, inventory adjustments, and other excuses that Joe Stegmayer, Kevin Clayton or others who regurgitate their words without analysis have shared are arguably just that, excuses.  Stegmayer contradicts himself on that very point, as the link above reflects, because encountering declining new manufactured home shipments during a growing affordable housing crisis is arguably a klaxon that should signal ‘all hands-on deck’ to get to the root issues.
  • Thousands of manufactured homes that are going into manufactured home communities are rental units. As MHProNews exclusively reported, taken in aggregate, there are producers – both MHI, MHARR members or non-aligned producers of HUD Code manufactured homes – that have told the Daily Business News on MHProNews the following for years.  If rentals going into manufactured home land-lease communities were factored out, the true level of new home sales has been largely flat or are declining in numbers of states.
  • Given the arguably growing number of negative reports in the media that can be traced back to the influence of Warren Buffett dark-money recipient non-profits, such as Manufactured Housing Action (or MHAction) is an issue that MHProNews alone has raised publicly.
  • Bad news stories coming out of Iowa, California, Colorado, New York or other states are routinely connected to MHI “big boy” community or other members.

Let’s be clear.  There are retailers, communities, and producers who can sincerely report improving results in new home sales. But that doesn’t change the fact that the overall trends are down.

What follows are details from the Manufactured Housing Association for Regulatory Reform (MHARR), released earlier today.  It should be noted that MHARR makes their reports, used as is with proper credits, available for others to publish. Which begs the question. Why does MHInsider, George F. Allen, MHR, or others fail to publish these kinds of reports?

More after their report, which follows.

 

FOR IMMEDIATE RELEASE                                                            Contact: MHARR

(202) 783-4087

 

HUD CODE PRODUCTION DECLINE CONTINUES

 

Washington, D.C., May 6, 2019 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year HUD Code manufactured home production declined once again in March 2019. Just-released statistics indicate that HUD Code manufacturers produced 7,590 homes in March 2019, down 14% from the 8,830 homes produced in March 2018. Cumulative industry production for 2019 now totals 22,359 homes, a decline of 12.4% from the 25,531 HUD Code homes produced over the same period in 2018.

This ongoing significant production decline, following a long period of only modest industry growth after its modern-era production low in 2009, underscores the importance and validity of the decision by the MHARR Board of Directors to begin aggressively tackling (by mid-May) three major issues – zoning exclusion, placement discrimination, and the failure of the Government Sponsored Enterprises, to date, to provide market-significant securitization and secondary market support for manufactured home personal property loans. These three major issues, individually and in combination, have worked to inhibit and stifle the growth of the manufactured housing market after the industry’s outstanding homes leave the factory, and deny millions of Americans the affordable, non-subsidized homeownership that manufactured housing can uniquely provide.

ManufacturedHousingAssocRegulatoryReformMHARRTop10ShipmentStatesManufacturedHomesMarch2019v2018BTW, the video posted below is the source for the feature image above. It is a reminder of what several publicly traded companies investor reports reflect. Namely, that they are a source of about 1/3 of all new HUD Code manufactured home orders.  In the case of many land-lease communities, those properties are often buying rental housing to fill vacant sites, instead of filling vacant sites with sold or spec-for-sale manufactured homes.

 

 

 

It will also be recalled that some weeks ago, the Wisconsin Housing Alliance (WHA) Executive Director Amy Bliss told MHR that she was worried about a possible downturn.  But that was in the wake of MHI – who Bliss is arguably a routine surrogate for – was touting “momentum” in the MHI self-promotion video.  Given that MHI could or should have advance data on these trends, one can argue that MHI deliberately misled their own members.  To ‘soften’ what the powers-that-be knew was coming, did Bliss float her comments? 

 

 

MHI’s outside attorney had the chutzpah to threaten MHProNews for reporting the following using their own graphics and stills. 

 

LeveragingMomentumCreationNewClassofManufacturedHomesManufacturedHousingInstituteMHILogoDailyBusinessNewsMHProNews600

MHI1085mediaplacementAudience84MillionMHIVideoStillMHILogoDailyBusinessNewsMHProNews

Warren Buffett was right about good journalists asking the questions others have not. Why aren’t others in the industry asking these questions? Why is MHI telling exaggerations at best, arguably demonstrable falsehoods at worse, to their own members and the industry at large?

ManufacturedHousingIndustryShipmentsCavcoIndustriesCVCOMHIDailyBusinessNewsMHProNews

MHI’s own member companies make the point, in their own words, that the industry is preforming under its historic norms.

March2019MHARRManufacturedHousingAssocRegReformTop10states8StatesInDeclineMHProNews

See the related reports, below the bylines, free email headline news signup, other offers, and notices. 

Others are peddling spin, propaganda, deception, lies – whatever one may want to call it. Perhaps that’s why MHProNews traffic has roughly doubled in about a year

TonyKovachbookshelfJimCollinsWeathermanRainLATonyKovachDailyBuisnessNewsMHProNews

That’s this Monday evening edition from the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

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

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

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

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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.

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

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

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

Related Reports:

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Warren Buffett’s Profitable Lessons for Manufactured Housing

B2B Statistics, Trends 2019 – April 2019 Snapshot of Manufactured Home Professional Readers

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

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

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

 

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

 

 

 

 

 

 

 

 

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

May 6th, 2019 No comments

 

WarrenBuffettCharlieMungerVideoInterviewBerkshireHathawayAnnualMeetingGSELendingAffordableHousingClaytonHomes

For those that are new or want a refresher, the exclusive report by the Daily Business News on MHProNews of the Clayton Homes related 2018 data from Warren Buffett and Berkshire Hathaway is found at the report linked from the text-image box below.

 

 

2018 Berkshire Hathaway Annual Report, Clayton Homes, Shaw Data Revealed, Facts Others Lack

 

This weekend has witnessed the so-called “Woodstock of Capitalism,” the 2019 edition of the Berkshire Hathaway annual shareholders meeting in Omaha, NE. An estimated 40,000 plus were expected to attend.

Yahoo provided coverage of the event, and the video below is from that source.  Per Yahoo, “Buffett said it would be “very good for America” if Fannie Mae and Freddie Mac did more to help finance manufactured homes, such as those made by Berkshire-owned Clayton Homes.”

 

 

There is a lot to unpack from this 4 minutes, 2 second long video.

As close, thoughtful, and longtime readers of our pro-industry trade media platforms already know, there have been allegations for years of market manipulation by Clayton Homes within the manufactured housing industry and finance space.  One such report, based upon a letter from Tim Williams at 21st Mortgage Corp, the words of Buffett himself from that same year, and a nearly 1-hour long video with Kevin Clayton, are all found at the link above.

What is discerned from this weekend’s statement by Buffett and Munger ought to be viewed through that lens, and what follows.

Furthermore, there are sources inside the GSEs, and from a Berkshire brand led by CEO Tim Williams at 21st that indicated that for some time, the powers-that-be from Omaha-Knoxville metros worked first to foil, and more recently, to redirect lending from Fannie Mae and Freddie Mac away from the bulk of manufactured housing.

 

For such reasons, the Manufactured Housing Association for Regulatory Reform (MHARR) has been engaged in a tough, protracted battle to encourage the full implementation of the law, not just a partial one.

 

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

With all due respect to Buffet, as the next link reveals, there have been times that what he said did not line up.

More recently, HBO’s Last Night Tonight with John Oliver viral video errantly dubbed “Mobile Homes” reflected the revelation that it was Buffett’s brands and Manufactured Housing Institute (MHI) connected companies that were causing the industry blowback in mainstream media reports.  Our publisher in a letter published in 5 markets in Florida, including Jacksonville called on the public to hold those responsible for purported misdeeds, not the industry at large.

Warren Buffett must be construed in the light of not only his words, but also of the deed of the brands they own.  Furthermore, as Buffett and Berkshire has been wont to fund both sides of certain battles, that raises fresh concerns, as the report linked here documents.

Those points and the linked evidence and logic from those articles should be kept in mind by investors, advocates, researchers, policy wonks, politicos  — plus, of course, the industry’s home owners and professionals.

That said, will Buffett’s comments this past weekend could potentially be used to encourage Fannie Mae and Freddie Mac to lend on all manufactured homes, or just on select ones, as the Clayton-MHI backed ‘new class of homes’ effort promotes? Time will tell.  But as with all things connected to Buffett, it bears a nuanced consideration. See the related reports, further below.

That’s this post-dawn Monday morning episode of professional life in MHVille, exclusively from the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

 

Warren Buffett’s Profitable Lessons for Manufactured Housing

“Mobile Home Militia,” Retail/Production Sources, Sound Alarm Against Clayton Homes, CMH, New “Anti-Competitive Practices” Allegation

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

CFPB and 21st, Second Shoe Drops? Flooring w/21st Mortgage Corp? Insider Tips

Tim Williams, PBS News’ Bad Bargain, Manufactured Housing Institute, Buffett’s Mirror, and Clayton’s Costume

Manufactured Housing Institute’s Monthly Economic Report Spotlights Challenge, What MHI, WHA’s Amy Bliss Said

White Collar Shakedown, Fear, Hobbs Act, and Manufactured Housing Independents Struggles

 

 

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

 

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

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

May 1st, 2019 Comments off

 

MHARRWeighsInHUDSecCarsonLetterDiscriminatoryExclusionaryZoningHUDRegulatedManufacturedHomesMHProNews

According to key “congressional supporters of the 2000 reform law” in a letter to HUD said that “…changes to the law [the Manufactured Housing Improvement Act of 2000] giveHUD the legal authority to preempt local requirements or restrictions which discriminate against the siting of manufactured homes … simply because they are HUD-Code homes.”

 

The Daily Business News on MHProNews said that it was akin to the lighting of a fuse to what could be seen in the weeks ahead as a bombshell step.

It is a topic – enhanced preemption – that as recently as yesterday is not to be found in a site search on the Manufactured Housing Institute (MHI) website.

 

EnhancedPreemptionMHIWebsiteSearch

This same search of the MHI website was repeated on 4.30.2019, with the same results. 

 

By contrast, that same subject is found numerous times on the website of the Manufactured Housing Association for Regulatory Reform (MHARR).

 

ManufacturedHousingAssociationRegulatoryReformMHARREnhancedPreemptionDailyBusinessNewsMHProNews

Some pundits, such as blogger George F. (F?) Allen have attempted to mischaracterize the work of MHI and MHARR. MHI clearly says of themselves that they represent “all segments of factory built housing,” that means retail, communities, lenders, suppliers and the like, not just producers. By contrast, MHARR clearly says that their focus is on the interests of the producers of HUD Code manufactured homes. So while MHARR has an indirect interest in lending, communities, or retail, that is not their core mission. That said, MHARR members and leaders have voted to support the establishment of new post-production groups that would faithfully represent the interests of retailers, communities, and other segments of the industry. 

 

In a news release to MHProNews, MHARR said as follows.

 

MHARR CALLS ON HUD SECRETARY TO END DISCRIMINATORY AND

EXCLUSIONARY ZONING OF HUD-REGULATED MANUFACTURED HOMES

 

Washington, D.C., April 30, 2019 – The Manufactured Housing Association for Regulatory Reform (MHARR) in an April 24, 2019 communication to U.S. Department of Housing and Urban Development (HUD) Secretary, Ben Carson (copy attached), has called on the Department to federally preempt local zoning ordinances which discriminatorily exclude manufactured homes regulated by HUD pursuant to the National Manufactured Housing Construction and Safety Standards Act of 1974 and the Manufactured Housing Improvement Act of 2000.

As amended by Congress in 2000, federal law authorizes HUD to preempt any state or local “requirement” that impairs “federal superintendence of the manufactured housing industry” and the accomplishment of the federal purposes of that law, including, but not limited to, “facilitat[ing] the availability of affordable manufactured homes … for all Americans.” The broad sweep of this language, in turn, was stressed by key congressional supporters of the 2000 reform law, who stated in a November 2003 letter to HUD (copy also attached) that such changes to the law give “HUD the legal authority to preempt local requirements or restrictions which discriminate against the siting of manufactured homes … simply because they are HUD-Code homes.”

Given the fact that confronting and resolving discriminatory and/or exclusionary zoning and placement restrictions against HUD Code manufactured homes (as well as the availability of consumer financing) are top MHARR post-production priorities, the Association, in its communication, invites the Secretary – and HUD – to become fully engaged and join forces in advancing this critical matter, beginning with a study of the scope and impact of such discriminatory mandates as a first step going forward.

In Washington, D.C., MHARR President and CEO, Mark Weiss, stated: “Secretary Carson has specifically recognized the toxic impact of exclusionary local zoning on the availability of affordable housing and homeownership in communities around the United States. The 2000 manufactured housing reform law provides him with exactly the type of robust federal authority he needs to end such discrimination against manufactured homes and the millions of moderate and lower-income Americans who rely on HUD Code homes as a premier source of affordable, non-subsidized homeownership. Secretary Carson should – and must – take this bold step to ensure that manufactured homeowners are not discriminatorily excluded from entire communities based on either their income or their choice of housing.”

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

###

The attached letter to HUD Secretary Carson, including the 2003 Congressional letter which lays out the congressional intent of the law – an important legal concept if a law is challenged – is linked here is a download.  See the related reports, linked below. ## (News, analysis, and commentary.)

 

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Secretary Carson Letter Lights Fuse for Explosive Change, Obliquely Addresses Manufactured Housing Action Concerns

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

HUD Study, Analysis of Zoning Discrimination Against Manufactured Housing Sought

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

 

 

 

 

 

 

 

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

April 29th, 2019 Comments off

 

ProsperityNowNonprofitsSustainJohnOliversMobileHomesVideoInTheirReportsManufacturedHomeProNews

For those among the manufactured housing industry’s professionals, state association, or investment categories who stated a hope that the John Oliver video would blow over soon, guess again.

 

They’re [pro-MHI state execs] all drinking each other’s bath water with no objectivity left, whatsoever,” said a recent news tip to MHProNews included several messages from other association executives to make that source’s point.  That tipster was one of several that raised concerns about fellow state execs who are in their view engaged in wishful thinking, or worse.

Really? Was that quoted statement an accurate claim? Let’s look.

It will be recalled that MHProNews exclusively reported that Wisconsin Housing Alliance (WHA) Executive Director Amy Bliss said to other state executives: “I am very disappointed in two entities that are supposed to be in favor of manufactured housing.  ROC USA and North Country Cooperative both added this John Oliver junk to their facebook page and ROC USA also tweeted it out as if they were sharing good news. This is such an insult to the people that have chosen manufactured housing to live in.  If there were not investor owned communities, they would have no communities to “convert” to resident owned.  Such a shame.”

In so saying, Bliss was undercutting a member of her own association, and that of the Manufactured Housing Institute (MHI) too.  Was she alone? Hardly.

Jay Hamilton, from the Georgia Manufactured Housing Association (GMHA), chimed in with: “I agree with the ones who commented [in that MHEC executives message thread] about opening up a can of worms [i.e.: if a public reply is made to the John Oliver video]. You would be fanning the fire at this point. MHI responding in advance was the best play you could make and its made. My concern is what we can do as an industry to encourage Frank Rolfe to avoid engaging with reporters.”

MHEC is the acronym for the Manufactured Housing Executives Council, which has historically been open to national and state association leaders.  That means that MHI and MHARR can monitor those communications. Given the size and power disparity between MHI and MHARR, it should go without saying that if someone will kiss someone’s behind in a semi-public forum that is monitored, it is the larger trade group that they tend to bow towards, kneel to, or kiss the proverbial ring.  

 

MHI-MHARR-MHEC-DC-MHProNews-collage-copyright2016WeProvideYouDecide

MHI, MHARR, MHEC logos, are each the property of their respective association, and are shown here under fair use guidelines.

 

That comment from Hamilton at GMHA reflects the point that other executives similarly made about that same John Oliver  “Mobiles Homes” video thread comments.  But this last example, in fairness, is a bit different.

For balance and accuracy, tips to MHProNews revealed that there was one state level executive that openly took a more nuanced view. “No surprise, other [media] outlets have picked up Oliver’s story. This is what my wife just sent me from “The Hustle”” said Logan Hanes, who is the Director of Education and Industry Advancement at the Kentucky Manufactured Housing Institute (KMHI).

For balance and accuracy, tips to MHProNews revealed that there was one state level executive that openly took a more nuanced view. “No surprise, other [media] outlets have picked up Oliver’s story. This is what my wife just sent me from “The Hustle” said Logan Hanes, who is the Director of Education and Industry Advancement at the Kentucky Manufactured Housing Institute (KMHI).  The Hustle was one of several publications that commented on the John Oliver video, in a typically dark view of various aspects of manufactured housing corporate behavior. That article that Logan forwarded used the feature image below.  It ripped Warren Buffett, Frank Rolfe, Clayton Homes by name. The Hustle ended with the following subheading and three short paragraphs. As we commonly do here on MHProNews, we’ll turn the text placed in quotes in bold and brown to make it pop, but the words are otherwise those of writer Wes Schlagenhauf in the Hustle.

 

TheHustleMObileHomeInvestingHotWarreNBuffettHomeownersGetBurnedMHProNews

Shill-ionaire of the people

Clayton stayed profitable through the financial crisis. In 2015, Clayton grabbed a record $700m in earnings, while foreclosing on over 8k homes.

Buffett has long been viewed as a corporate hero. The more he complains about his secretary having to pay higher income tax than he does, the more people view Big B as some rich do-gooder.

But Clayton homes’ manipulative business model, which Buffett immediately saw dollar signs in, contradicts many of the ideas of fairness for which Buffett is known.”

Thus, the comment by KMHI’s Logan was arguably responsible in the sense that it stated reality, without undercutting others not able to respond for themselves, absent the news tips.

Notice: Those being quoted herein, or others who want to defend them, are hereby invited, if they so wish, to submit an on-the-record the statements in response to this report.  Clearly, our quoting these sources is not intended to endorse their comments, but nor is it intended to undermine what good work they may also do or have done. One must separated the ‘wheat and chaff’ from all people, organizations, and things. That said, MHProNews’ editorially can not discern positive value to the industry in many of the comments exchanged by executives in that John Oliver-related MHEC thread.

But there is more to know…see further below.

 

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Who Among the State Executives Were Right On the Oliver Issue?

A short history lesson is timely.  Think back to the Seattle Times report.  First one, then another, in 2018 there was yet another installment on that same theme.  Look at what this Google search this evening revealed.

SeattleTimesCenterforPublicIntegrityClaytonHomesManufacturedHomeMHProNews4292019

 

Tim Williams from 21st Mortgage Corp, ironically, made the right point, in an on-the-record statement made previously to MHProNews.

 

TimWilliams21stMortgageCEOthenMHIChairmanGoodArgumentsRefuteEveryStatisticsRespondEveryStoryPBSDIckErnstDailyBusinessNewsmHPronews

MHI failed to make a public response to that PBS segment. To date, MHProNews is unaware of an public response by MHI to the John Oliver video either. How will it be different? Despite the MHI whispered shares to state executives or others, does MHI want bad news to linger?  Consider Frank Rolfe’s word’s anew.

 

There are those in various segments of manufactured housing or the affordable housing advocacy world’s who find this Oliver satirical hit video against some of the industry’s giants a useful narrative useful for their purposes.  Agree or disagree, its their right, of course.

That means sober and realistic souls in manufactured housing must be able to respond in timely and effective ways. Verbally tossing ROC USA or Frank Rolfe under the bus accomplishes little in practical terms.

MHProNews and MHLivingNews have already provided several public responses.  While some have moaned and groaned about Oliver’s video, what are those moaners – save the sources of the shared tips – actually doing about it?

Those tips quoted above to MHProNews exposed something that association members at the state and national levels needed to see.

 

AmyBlissWisconsinHousingAllianceExecutiveDirectorAboutROCUSANorthCountryDailyBusinessNewsMHProNews

MHProNews could provide screen captures of the other emails, but this demonstrates that Bliss and the others sent what was quoted above in that message exchange with MHEC.

 

YouMHProNewsSeemToHaveConceptualIQThatIsMoreImportantThanSpellingAbilityQuote

Many of these quotes are from MHI insiders.

Those association executives may take your dues, and while arguably undermining a person’s or firm’s reputation or interests. If they will do it to ROC USA or Rolfe, what is to keep them from doing that to you or your firm?

Furthermore, given the lessons learned from the report “How Gold Rules” what can the MHEC executives do – if they want to keep their jobs – other than give news tips to us?

It is increasingly clear that there are conflicts of interest involved in trying to point out who benefits and who is harmed by the John Oliver “Mobile Homes” video narrative? ICYMI, or need a refresher, the linked text-image box reveals prior tips from state association executives who are tired of how the MHEC system is manipulated, and how it arguably harms the interests of industry independents.

 

 

That said, Prosperity Now this sent out a statement about their most recent promotion of their use of John Oliver’s video narrative. Keep in mind that Prosperity Now has been getting funding from the Consumer Financial Protection Bureau (CFPB) for some years, among others.

Here’s the key part from the Prosperity Now release today, between the dashed — lines.

 

— start of Prosperity Now release quote —

John Oliver Addresses Manufactured Housing

John Oliver, host of Last Week Tonight on HBO, explained why manufactured homeowners need to be able to use resources within their communities to build their own housing parks by citing research from Doug Ryan, Senior Director of Affordable Housing at Prosperity Now. Watch the Full Segment here. Use Prosperity Now’s Manufactured Housing Toolkit to learn how you can spread awareness and advocate for affordable housing in your community.

 

— end of Prosperity Now release quote —

Note that quoting Prosperity Now is
not to be construed as an endorsement of their position.
Reporting or quoting aren’t an endorsement.

 

MHProNew’s publisher, L. A. ‘Tony’ Kovach sent an Op-Ed to an editor who fact-checked his claims, and then not only ran his letter, but did so in 5 markets, not just one.

 

  Jacksonville

  Gainesville

  Sarasota

  Lakeland

  Winter Haven

 

Those were based upon our initial public facing report on MHLivingNews, linked below.

 

 

Where is MHI’s public response?  Or Clayton Homes?  Frank Rolfe, or any of the other firms who have been negatively mentioned?

Agree or not, count on MHAction, Prosperity Now, ROC USA – among others – to keep beating this drum. Those state executives that aren’t caught in the ‘Gold Rules’ trap need to find ways to fight back for their independent members.

SpencerRoanePentagonPropertiesCreditsPostedDailyBusinessNewsResearchDataReportsMHProNewsIronically, it was Spencer Roane who said last week the following. After taking a backhanded ad hominem swipe at our publisher, he then said this: “The Jacksonville newspaper post is about the need for affordable housing.  Hard to argue w/ that.  The only fact-checking appears to be Kovach’s, and that involves MHI membership and Buffet affiliations.  So what?  Other than sharing the interest of many in the industry about overly aggressive community owners/managers, none of this has anything to do w/ me.”

Roane is reportedly a regular reader, but publicly with his circle, he is not a fan of MHProNews, per sources. That said, it is hard to argue with that Roane and others in the community sector are vexed by “overly aggressive community owners/managers” – which he then distances himself from. While he dismissively says, “So what?” he makes it clear that the “only fact-checking appears to be Kovach’s, and that involves MHI membership and Buffet affiliations.” Call it what it is, a back-handed compliment.

But Roane missed perhaps the most important point.  It is Warren Buffet who via dark money channels has provided funding via the NoVo Foundation and Tides nonprofits to MHAction.

 

After years of fact-checks on irksome issues, MHProNews and MHLivingNews are uniquely positioned to do a useful response and analysis.

In this Oliver video case, it is demonstrably MHI backers who’ve sparked the bad news.  Roane is correct that this is an issue for independent community owners. But it is a key MHI backer – Warren Buffett – who have purportedly helped fund MHAction.

 

TidesFoundationNovoFoundationWarrenBuffettMHActionDailyBusinessNewsMHProNews

MHActionHomePage2019-04-13_0857TheAdvocacyFundThePresidioDailyBusinessNewsMHProNews

Building that case, one fact after another. Follow the money trail. Ask who benefits? Cui Bono?

Now, MHAction with Prosperity Now and others are fanning the flames of their attacks on manufactured housing’s image – and thus, manufactured housing independents, including Roane and others like him. What will the National Association of Manufactured Housing Community Owners (NAMHCO) or others publicly do in response?

 

CenterForPublicIntegrityFundingTidesFoundationDailyBusinessNewsMHProNews

Ironically, it was Tim Williams at 21st Mortgage who obliquely provided this news tip to MHProNews a while back. CPI teamed up with the Seattle Times to do the original ‘hit’ on Clayton Homes. So there is a pattern that is arguably emerging. Buffett bucks goes to sources such as CPI or MHAction, at times via dark money channels.  Those nonprofits like CPI or MHAction in turn attack ‘black hat’ practices that may indeed include Buffett’s own brands, but  it is done in a way that makes the industry-at-large look like black hats to those who don’t go beyond the surface.  

NovoFoundationWarrenBuffettTidesFoundationFundsMHActionManufacturedHousingIndustryDailyBusinessNewsMHProNews

Similar conclusion to Influence Watch, but this graphic is from Cory Morningstar. Open Secrets makes the point that it is difficult to trace these kinds of contributions, which may explain the disparity between the totals shown.

DarkMoneyBasicsWikipediaOpenSecretsManufacturedHousingIndustryDailyBusinessNewsMHProNews

  • MHI’s leadership has been asked to respond to these allegations previously.  Silence.
  • MHI’s outside attorney has been asked to respond to these documented points, he too is silent.
  • Clayton and 21st, the same ‘nada’ responses.

That silence speaks volumes.

 

Part of a Pattern?

Then consider this in the following context.  This pattern is akin to tax and regulatory barriers, bigger firms can handle those better, per researchers.  Buffett can back whomever he wants to politically.  But what do you call it when Buffett’s backed POTUS Barack Obama – who in turn backed Dodd-Frank and the CFPB. Meanwhile MHI, Clayton and 21st claimed to be working to change a law that POTUS Obama said would be vetoed?

That truth about years wasted pursuing Preserving Access was hiding in plain sight.

 

Aren’t the effects similar?  Can you spell, MHI and Berkshire-brands head-fakes? Say one thing, and do another?

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Ask yourself. Do these Marty Lavin dictums apply in this case?

 

VicePresidentMikePenceWifeKarenHandOverHeartPledgeColts49ersGameWashingtonTimesDailyBusinessNewsMHProNews

Notice. One can agree with 21st Mortgage CEO and prior MHI Chairman Tim Williams’ presentation, from which the slide above was taken with permission, while still questioning how it came to be that Williams was being intellectually at odds with Berkshire Hathaway Chairman, Warren Buffett. To see all of William’s informative slides, click the graphic above. http://www.MHProNews.com/industry-news/industry-in-focus/is-tim-williams-21st-mortgage-ceo-mhi-chair-at-odds-with-berkshire-hathaway-chairman-warren-buffett

WarrenBuffettMedalofFreedomAwardfromBarackObama2010-UPI-DailyBusinessNewsMHProNews525

Oh, what a tangled web we weave, when first we practice to deceived.” –  Sir Walter Scott.

 

Are the head-fakes and patterns of deceptions becoming more clear?  Do they fit Buffett’s castle and moat metaphor?

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

Never forget that even during medieval times, castles and their moats were in fact breached.

 

Meanwhile, consolidation in MHVille continues…

 

The Lesson Learned?

At a minimum, more MHI affiliated association executives need to join the Omaha-Knoxville-Arlington resistance,” observed MHProNews publisher, L. A. ‘Tony’ Kovach. “For those that can, why not consider doing what Neal Haney helped lead some associations out of MHI in the last two years?”

NealTHaneyNAMHCOWhyBreakawayfromManfuacturedHousingInstituteMHI

Once the rules of engagement and methods used are better understood, then one can often predict what will follow. 

It isn’t just deception in ‘fighting’ regulations, or evidence of Buffett’s bucks fomenting bad news in MHVille.  It is purportedly also evidenced by diverting lower-cost financing away from retailers and communities too.

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

Your thoughts? See the related reports, further below.

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

 

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

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In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money?

Mobile Home Militia – “Clayton [Homes] Wants Your Cornbread Too” “Join the Revolution” – ‘You Gotta Have Swagger’

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

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

 

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

April 29th, 2019 Comments off

 

NewInvestigationInsiderTradesHedgeFundDumpsCavcoIndustriesLogoCVCOJoeStegmayerPhotoManufacturedModularHousingMHProNews

In a recent release to the Daily Business News on MHProNews, Lifshitz & Miller announces investigation into possible securities laws violations in connection with a previously received subpoena [by Cavco Industries, Inc. (CVCO)] from the SEC,” said the law firm.

 

The firm said “If you are a Cavco investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516) 493-9780 or e-mail at info@jlclasslaw.com.”

They are one of the latest in a series of law firms that have announced this type of investigation” on behalf of CVCO shareholders. See below the byline, offers, and notices further below for other shareholder investigation examples by a number of lawfirms.

Cavco has reportedly set aside millions of dollars in connection with their defense against such shareholder litigation efforts.

 

InsiderTradesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Insider Trading…

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance,” said Simply Wall Street, in the tee-up to their report on insider trading in the last year at Cavco Industries (CVCO), which added, “It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.”

In the last twelve months, the biggest single sale by an insider was when Joseph Stegmayer sold US$2.8m worth of shares at a price of US$240 per share. Although we don’t gain confidence from insider selling, we note that this large sale was at well above current price of US$129,” in an April 7th statement.

The share value of CVCO have slipped further since that report.

Cavco Industries insiders own about US$72m worth of shares. That equates to 6.1% of the company. We’ve certainly seen higher levels of insider ownership elsewhere,” per that same source.

 

2019-04-29_0128CavcoIndustriesStockTickerManufacturedHousingIndustryDailyBusinessNewsMHProNews

Data reflects the closing ticker on Friday, 4.26.2019, per Bloomberg. Text commentary and arrows by MHProNews.

 

Not all of the news for Cavco has been bad of late, as there are some investors and hedge funds that have taken new positions in a firm they may now think is undervalued. Meanwhile, others have cut their stakes in a firm that an insider told MHProNews last year had suffered a “debacle.” ICYMI, or need a refresher, see the related report, below the byline and notices for that report.

Among those that have sold shares of Cavco is Robotti Robert, an investment firm that has long believed in manufactured housing, which reportedly dumped half of their portfolio in CVCO, per EnHerald. “Robotti Robert decreased its stake in Cavco Inds Inc Del (CVCO) by 50.43% based on its latest 2018Q4 regulatory filing with the SEC. Robotti Robert sold 56,415 shares as the company’s stock declined 19.50% while stock markets rallied. The institutional investor held 55,462 shares of the basic industries company at the end of 2018Q4, valued at $7.23 million, down from 111,877 at the end of the previous reported quarter. Robotti Robert who had been investing in Cavco Inds Inc…for a number of months, seems to be less bullish one the $1.16B market cap company.”

Third Avenue Value Fund last year completely sold off their shares in Cavco, not long before the SEC subpoena was made public. Coincidence?

 

Cavco Industries (CVCO) Hit$ Bottom

 

Joe Stegmayer stepped down as Chairman and CEO in 2018, in the wake of the announcement of the SEC Subpoena. When contacted by MHProNews, the SEC would neither confirm nor deny that Cavco Industries was being investigated for possible collusion, antitrust, or other improprieties involving Clayton Homes.

If so, that could lead SEC investigators back to other concerns that have been raised in connection with other ‘big boy’ members of the Manufactured Housing Institute (MHI).

Stegmayer and MHI finally announced that he will be stepping down from his role as MHI Chairman. More on that and related in an upcoming report.

See ‘White Hat, Black Hat’ and other Cavco related reports in the related reports, linked below. Cavco is one of the stocks that are tracked in our MHProNews evening manufactured housing industry’s daily market report.  Friday’s closing tickers are linked here.

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

It’s Monday, Monday and that’s the latest edition of “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

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

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

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

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

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

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

Related Reports:

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

 

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

 

 

Post “Debacle” – Insider Trade @ Cavco Industries – Has CVCO Hit Bottom? Plus, Manufactured Housing Equities Market Updates

 

Cavco Industries Announces Latest Executive Level Changes

 

 

Insider Trades, New Cavco Industries Investigation, Selling – Plus More Manufactured Housing Stock Updates