Posts Tagged ‘regulatory’

Investment into U.S. Real Estate Market Risen – 3 Year Trend, Says Marcus & Millichap CEO Hessam Nadji

June 28th, 2019 Comments off



A new research report by Marcus & Millichap reflects a three-year trend of rising direct investment into U.S. real estate.  Marcus and Millichap (MMI) is involved in the manufactured housing industry, and in other commercial real estate sectors.  They are among the firms our evening market report tracks that are connected to manufactured housing, with last night’s closing numbers found at this link here.


In a release to the Daily Business News on MHProNews, MMI provided this video by left-of-center CNBC along with highlights of some of their findings.

  • CNBC featured Marcus & Millichap’s President and CEO Hessam Nadji. European Investors Attracted by US Economy. U.S. Commercial Real Estate Offers Compelling Yield and Growth Opportunity to Global Investors.

·        Why global capital flows into U.S. CRE have increased

·        Variations among markets across the U.S.

·        REIT, institutional and private investor trends




First quarter GDP for the U.S. was recently confirmed at a 3.1 percent growth rate. While the U.S. trade and other tussles with nation’s around the world has drawn reams of negative digital ink, it is reports like this by Nadji that reflect the reality that hundreds of billions of dollars has flowed into the U.S. for investment purposes since the 2017 tax cut went into effect. Coupled with regulatory roll-backs, the investment environment has improved for businesses of all sizes.

Something has gone right with the U.S. economy.  Perfect?  Absolutely not. Better? To the objective mind, the data Nadji and others cite is clear. Of course, the economy has improved. Sure, more can be done, with the right policies and business climate.

Facts, evidence, reason, and history provide a lens for objectivity. When investors and businesses are craving as much certainty as they can obtain, this MMI report directly and obliquely reflects that a good start has been made.  What happens next is up to “We, the People.” That’s why discerning what happens on November 3, 2020 – election day – matters.  

On May 13, 2019, Nadji did the video below on housing.  He makes a statement that may be a mis-phrasing, that ‘people prefer to rent.’  That there are some 111 million renters, per Apartment List, is beyond question. But prefer to rent?  Doesn’t other research reflect that most renters, given the opportunity want to be homeowners? So says the National Association of Realtors and other evidence confirms that trade group’s findings.  The American dream has never been about renting affordably. It has been about owning, building equity and wealth, and passing it onto the next generation. 

That point aside, Nadji makes several apt observations about forces that impacted the housing market in the last year or so.  Take a look and listen. 



Housing and related is a multiple trillion-dollar market annually. It has often been said that housing and automotive are among the key drivers of the U.S. economy.  Yet, manufactured housing is underperforming.  That causes objective minds to ask, why?

We’ll pull several thread together in an upcoming report that will once more have that as a bottom line.  The opportunity for manufactured housing professionals has perhaps never been better.  Study after study by third parties reflect the potential.  Research reports by third parties reveal that the quality and value proposition for manufactured housing has been proven for decades.



In a series of direct quotes in context, a document from 21st Mortgage signed by their president Tim Williams, Warren Buffett’s direct quotes from that same year’s annual letter, and video recorded comments by Kevin Clayton, all line up in what attorneys who reviewed it see as ‘smoking gun’ evidence of antitrust violations. They demonstrate how thousands of independent retailers, communities, and several producers – among others – where purportedly directly harmed by action that could be deemed an antitrust violation. See for yourself:

What’s been largely overlooked in the industry’s trades until reports here and on our sister site began to unravel the evidence and money trails are the role played by what our management and others in the industry believes are clear evidence of market manipulation that artificially suppressed our industry and outcomes. The goal? Arguably for the purposes of consolidation at a discount while eluding regulatory scrutiny. Clayton, 21st Mortgage Corporation, the Manufactured Housing Institute (MHI), and their outside attorney have repeatedly declined comment on these concerns.  If there is nothing to hide, why are they hiding?  The MHI breakaway NAMHCO and MHARR exist precisely because they had no confidence in MHI, which many believe is dominated by various big boy companies, including those owned by Omaha, Nebraska based Berkshire Hathaway. 



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

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

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


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.

1) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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

Related Reports:

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

Rent Controls and Manufactured Housing Restrictions Targeted in New Presidential Executive Order

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI)

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates









Rising Star – U.S. Senator Tina Smith Pressing Manufactured Housing Regulatory, Legislative Issues

June 19th, 2019 Comments off



BuzzFeed News are among those in media that has described the freshmen U.S. Senator as a ‘rising star’ in her party.


That makes it all the more surprising that only the Daily Business News on MHProNews is essentially the only industry-focused trade media that has reported on the broader scope of issues that Senator Tina Smith (MN-D) has been involved with that directly relate to the manufactured housing industry.

Keep in mind that Smith’s state is one that has a bipartisan panel of legislators that have both agreed that manufactured homes are an important part of the solution to the affordable housing crisis.



There are good reasons to believe that Smith is serious about the broader use of manufactured homes, which is part of the aim of S. 1804, dubbed the HUD Manufactured Housing Modernization Act of 2019.” That said, as this MHProNews report and analysis will reflect, good intentions aside, there are warning flags that must be considered in the legislation she is supporting.


Senator Tina Smith, Manufactured Housing Regulations, Increased Use

As a reminder, or ICYMI, Smith was one of the Democratic Senate lawmakers who signed onto a letter to the Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger. That letter fingered Warren Buffett, Berkshire Hathaway, Clayton Homes and related lending, notably 21st Mortgage Corp and Vanderbilt Mortgage and Finance.  That report and the related letter from lawmakers is found in the linked text-image box below. As our report linked below reflects, that’s an important step. But why not ask DoJ to investigate Berkshire, Clayton, et al for allegations of market rigging?


Senate Democrats – Including 2020 Presidential Contenders – Ask CFPB Protect Consumers Against Predatory Lenders — Point Finger at Clayton Homes, Berkshire Hathaway Lending


Also, Senator Smith and other lawmakers is involved in efforts that they believe will promote manufactured homes. At this point in time, while acknowledging the potential for positive outcomes, in its current form, MHProNews is not on board with this legislation for a variety of reasons. 

That said, what follows is the full press release from Smith’s office. It includes two letters to the FHFA and other lawmakers as downloads.  All of those are important to be aware of, because Prosperity Now and the Manufactured Housing Institute (MHI) are reportedly ‘in agreement’ on the changes made to this pending legislation. By contrast, the Manufactured Housing Association for Regulatory Reform (MHARR) per our sources, is not yet on board with this bill.

These elements will all be spotlighted in upcoming MHProNews reports, fact-checks, and analysis. With that tee up, here is the release from Senator Smith’s office.



U.S. Senators Smith, Cortez Masto, Scott, Cramer, Young Introduce Bipartisan Bill to
Promote Manufactured Housing as Part of Solution to Affordable Housing Crisis

Senators’ HUD Manufactured Housing Modernization Act Would Ensure HUD Supports State and Local Governments
Wishing to Include Manufactured Housing as Affordable Solution When Applying for Federal Resources

WASHINGTON, D.C. [06/12/2019]—Today, U.S. Senators Tina Smith, (D-Minn.), Catherine Cortez Masto (D-Nev.), Tim Scott (R-S.C.), Kevin Cramer (R-N.D.), and Todd Young (R-Ind.) introduced bipartisan legislation promoting manufactured housing as part of the solution to America’s affordable housing crisis.

The HUD Manufactured Housing Modernization Act of 2019 would require the Department of Housing and Urban Development (HUD) to issue guidelines for including manufactured housing in state and local governments’ Consolidated Plans, which outline their housing and community development priorities, when applying for HUD funding. This legislation will ensure that manufactured housing, a significant source of affordable housing, is considered when jurisdictions develop their housing plans.

“We need to support the affordable housing market and increase housing availability in urban, rural and tribal areas,” said Sen. Smith, a member of both the Senate Banking and Indian Affairs Committees. “Manufactured housing is a critical source of affordable housing all over Minnesota, and our bipartisan bill would make sure that more communities across the country think of manufactured housing as a possible solution to their housing needs.”

“We’re in the midst of an affordable housing crisis in Nevada, and in communities throughout America. Home prices are rising fast, and Americans are spending a greater share of their paychecks to keep a roof over their heads. It’s unacceptable, and we must take immediate action,” said Senator Cortez Masto. “This bipartisan legislation recognizes that manufactured housing can be part of the solution.”

“Manufactured housing is an affordable housing option for over 22 million Americans, including one out of every five families in South Carolina,” said Senator Scott. “Ensuring that we keep this important option open to families puts them in a safer position and a path to affordable home ownership.”

“Nearly 25,000 North Dakota families live in manufactured houses, built for a fraction of the cost of a single-family site-built home. The HUD Manufactured Housing Modernization Act makes it clear that communities should consider if and how manufactured housing could fit into their affordable housing plans,” said Senator Cramer.

“Solving the housing affordability crisis for Hoosiers of all income levels is going to require bold and innovative changes to our nation’s housing policies,” said Senator Young. “With over 2.5 million Hoosiers already living in manufactured homes — and with Hoosier workers leading the way in construction of manufactured housing — I know it’s time to put greater emphasis on manufactured housing as a housing affordability solution.” 

Manufactured housing is a significant source of un-subsidized affordable housing, with nearly 22 million Americans living in manufactured housing. Manufactured homes also cost as little as $45,000, while a new single-family site-built home can cost $323,000. The quality of manufactured homes has improved dramatically in recent years; manufactured homes can also be more energy efficient and save families costs on utilities in the long-term.

This bill is supported by Prosperity Now, National Low Income Housing Coalition, Manufactured Housing Institute, and the National Association of Manufactured Housing Community Owners.

As Congress considers reforms to the nation’s housing finance system, last week Sen. Smith outlined her top priorities. In a letter to the nation’s top housing finance agency and leaders of the Senate Banking Committee—on which she serves—Sen. Smith pressed the officials to make sure any changes to the housing finance system support the affordable housing market and housing availability in rural areas, including on tribal lands. Following the Senate Banking Committee’s hearings on the housing finance system earlier this year and ongoing discussions about housing finance reform, Sen. Smith is fighting to preserve meaningful gains made in the housing finance system, especially those that support the housing market in low-income, rural, and Native areas. In her letters to leaders of the Senate Banking Committee and Federal Housing Finance Agency Director Mark Calabria, Sen. Smith highlighted the importance of the federal requirement to serve underserved rural areas and low-income communities, and other initiatives currently in place that aim to alleviate the affordable housing crisis.




A prior ‘deeper dive’ report on MHI and their related surrogate’s posturing on this issue is linked below.


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


It’s laudatory that this legislation has bipartisan backing, which is practically necessary in a divided federal government.  However, this bill ought to beg several questions.

·        Why isn’t a robust application of HUD’s authority under the Manufactured Housing Improvement Act (MHIA) of 2000’s Enhanced Preemption provision being demanded by these lawmakers?

·        Why aren’t lawmakers demanding the FHFA to fully and properly implement the Duty to Serve provisions of the Housing and Economic Recovery Act (HERA) of 2008, as it relates to manufactured home lending?

The intent behind this bill, and its House counterpart, seems to be authentically pro-industry and pro-consumer. That said, as the MHIA and DTS reveal, passing a bill doesn’t mean that it will be properly implemented. Furthermore, as Dodd-Frank revealed, good intention doesn’t always end up with the desired outcome.

In order to properly frame such a bill, Congressional lawmakers should hold hearings on:

·        Duty to Serve (DTS), and its lack of properly implementation in 11 years.

·        The MHIA 2000, with a specific focus on why Enhanced Preemption has not been fully implemented.

·        Clayton Homes and MHI, to see if they are involved in collusion to rig the marketplace in a fashion that leads to increasing consolidation of the industry’s independents.

Clayton, their related lenders – as the report linked further above and here reflects – and MHI are clearly on the radar of several Democratic lawmakers.  Rightly so. More GOP lawmakers need to scrutinize these issues. So too should more federal agencies.

As independents who are pro-industry and pro-consumer, we believe that rushing this bill in its current form could lead to several future problems. The goal may be positive, but the industry’s independents, homeowners, and renters who could be potential homeowners have been battered too many times by good intentions that remained practically unfulfilled.


The comment above was said with respect to another recent topic, but relates to this issue too.

So stay tuned to the manufactured home industry’s #1 most read, most trusted independent resource.  It’s all here at the home of “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, commentary.)

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.)


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.


1) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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


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

Related Reports:

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

Views From Trenches of Manufactured Housing – Factories, Retailers, MHCs, Others Sound Off


Real World Economics’ Professor Ed Lotterman says “Playing Monopoly is More Than Just Rolling the Dice”


Manufactured Home Communities’ Dodd-Frank Moment Looms, Senator Elizabeth Warren Takes Aim at Several Manufactured Housing Institute Community Members

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


Washington Leak – Justice Department Prepares Major Antitrust Investigation


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?

“Have…Giants…Stifled Competition,” Antitrust Battle Lines in D.C., plus Manufactured Home Market Updates

Shocking, True State of the Manufactured Housing Industry, plus Solutions for Profitable, Sustainable Growth – May 2019


Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here.


What Congressional Representatives, Senators, and Industry Professionals Should Be Asking About Duty to Serve Manufactured Housing

EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates








U.S. Slips in World Competitive Rankings, per Swiss-Based IMD Competitiveness Center

May 31st, 2019 Comments off



Still image from video, posted further below.

The world is not about to come to an end.  But the U.S. has gone from 1st to 3rd in the IMD World Competitiveness global rankings.


CNBC noted these bullets from IMD’s research.

  • For the first time in nine years, Singapore surpassed the United States and Hong Kong to clinch the title of the world’s most competitive economy, according to IMD’s 2019 World Competitiveness Rankings.
  • Singapore’s immigration laws, advanced technological infrastructure, availability of skilled labor and efficient ways to set up new businesses helped it advance to the top, the Switzerland-based business school found.

In a year of high uncertainty in global markets due to rapid changes in the international political landscape as well as trade relations, the quality of institutions seem to be the unifying element for increasing prosperity,” Arturo Bris, an IMD professor and director of the World Competitiveness Center, said in a statement, per Fox Business.

What neither Fox nor CNBC noted is that China and Canada have slipped in this index too.


To determine the results, the study incorporates 235 indicators from each of the ranked 63 economies, taking into account statistics like unemployment, Gross Domestic Products (GDP) and government spending on health and education, as well as issues like social cohesion, corruption and globalization.

The Asia-Pacific region emerged as a contender for competitiveness, with 11 out of 14 economies either improving or holding their ground, led by Hong Kong and Singapore. Indonesia leaped 11 spots to 32nd — the biggest improvement in the region, thanks to increased more efficiency in the government sector and improved infrastructure.

Conversely, competitiveness across Europe has struggled to gain ground. Uncertainty over Brexit sent the United Kingdom down three spots, from 20th to 23rd. The biggest climber for the region was Ireland, which rose five places to 7th as business conditions improved.

The top 20 most competitive economies, according to IMD.

  1. Singapore
  2. Hong Kong SAR
  3. United States
  4. Switzerland
  5. United Arab Emirates
  6. Netherlands
  7. Ireland
  8. Denmark
  9. Sweden
  10. Qatar
  11. Norway
  12. Luxembourg
  13. Canada
  14. China
  15. Finland
  16. Taiwan, China
  17. Germany
  18. Australia
  19. Austria
  20. Iceland

Bloomberg framed it through the lens of India’s global ranking in their video below.



The entire list is shown below.



What these sources should note is that U.S. is significantly ahead of China, Canada, Germany and other larger global competitors.  The U.S. dwarfs Russia in competitiveness by some 42 spots in this ranking.

Let’s note that in October 2018 a different report showed the U.S. ‘returning’ to the top spot.



The point in part is that the Daily Business News on MHProNews isn’t examining which of these reports is better.  One global research report showed the U.S. rising under the “Trump economy,” another now claims the nation is sliding modestly. Either way, the U.S.A. is near the top.

At the bottom of the list is Mongolia and Venezuela.  Imaging, Venezuela – once one of the most prosperous nations in Latin American, with huge oil reserves – among other natural resources – a decade of socialism has put it at the bottom of the barrel.

The U.S. isn’t perfect, but it is better than many other options.  Such research should remind business professionals of that reality.  The overall economic climate is the best in years, as consumer confidence, low unemployment, and other measures reflect. The graphic below from our recent analysis report that focused on industry supplier, Patrick (PATK).


Patrick is not alone to point to the robust econmy, notably taking off since the election of President Donald J. Trump. These are positive background facts that ought to point to far more robust manufactured home (MH) sales. Why isn’t MH doing better?


The manufactured home industry – in this overall fine economic climate – ought to be doing far better, given the millions of affordable housing units needed.


New 2019 U.S. Housing Infographic with Manufactured Home Data Points


There is a mixed bag influencing the industry, which presents challenges and opportunities in disguise. To learn more, see the related reports, further below. That’s this afternoon’s edition of “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)



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


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 Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and

Related Reports:

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

Ultimate, Proven Contrarian Investing – Ethical vs. Unethical, Legal vs Illegal Manufactured Housing Industry Strategies


Patrick Industries-Manufactured Housing Supplier-PATK Investor Relations Spotlights Manufactured Home Industry Challenges, Opportunities

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

HUD Code Manufactured Home Production Decline Continues, May Updates







Housing, Jobs, Poverty, Opportunity – Kerner Commission Remix, HUD and Manufactured Homes

February 27th, 2018 Comments off


Just over 50 years have elapsed since then President Lyndon B Johnson announced the formation of the Kerner Commission. It was formed in response to race riots protesting poor housing, insufficient jobs, educational, and other issues in Detroit and other cities across the country.  In the vintage video below, the first few minutes are a list of names on the commission, followed by the issues – including housing – that sparked riots, along with other related issues.


Democratic President Johnson called for


  • prayer and peace,
  • threatened rioters with severe penalties, 
  • while promising preparations and touting efforts already underway.


Then and now – housing, jobs, dignity and opportunities were important issues.

The Department of Housing and Urban Development (HUD) regulated manufactured housing program could provide many of the necessary ingredients for genuine progress.

In the wake of the comments that came into HUD in response to their ‘top down’ review of the manufactured housing program, the Kerner Commission, then and now, considerations are timely.

Why?  As noted, because housing, jobs, dignity and opportunities were important issues then – and now.


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.


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

Lessons of Decades of Failure

As the Daily Business News noted in the recent comments to HUD linked below from L. A. “Tony” Kovach, after over $22 trillion in federal spending on ‘poverty programs,’ the challenge of poverty levels remains the same.


Trulia, HUD, MHLivingNews, MHARR, MHProNews, and numerous others have proposed practical steps that could save tax dollars, while leveraging mostly private capital to solve these and related issues.

The YIMBY vs. NIMBY report linked below references a UC Berkley and University of Chicago research that asserts how housing policies are costing the economy nearly $2 Trillion dollars a year.


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


As President Johnson then, or President Donald J. Trump now, alike noted — faith, family and the inspiration of our flag are also elements that must not be overlooked.

But after 5 decades of social, economic, and political experiments, pragmatists should now admit that those policies have failed. Trillions in federal, state, and local spending failed to solve what faith-infused morality, free markets, and free people alone can fix what is holding tens of millions of Americans in rentals, trapped in poverty.


The Trump Administration and HUD Secretary Carson and his team can fix much, not all, of this using private capital by fully grasping what manufactured homes are truly like today.


HUD technocrats must immerse themselves and learn the industry’s complex dynamics, so that they can unleash the multi-trillion dollar housing component of the economy.

RegulatoryBarrierstoManufacturedHousingPlacementinUrbanCommunitiesHUDPDR-postedManufacturedHomeLivingNews595x357 (1)

What the HUD PD&R screen capture – with linked download available below – reflects is a lack of understanding about how enhanced preemption could solve the affordable housing crisis using mostly private capital. The research is useful, but adding in the missing ingredient of enhanced preemption would make it priceless.


Trulia, and HUD’s own commissioned research, say that affordable housing – and specifically manufactured homes – don’t negatively impact other housing from appreciation.



Don’t Put All the Eggs in One Basket

Beyond follow up and engagement with HUD on the comments, manufactured housing professionals and home owners would be wise to take at least two more steps.

1)    Manufactured home professionals would be well advised to contact their legislators now, and ask them to prompt HUD on the broad and liberal use of HUD Code manufactured homes.  You could link this report, others or send the PDFs of comments submitted to HUD, found linked below.  Send them with your own comments encouraging proper reforms of the manufactured housing program.

Shake Up at HUD Manufactured Housing Program May Stop Industry Overregulation, per MH State Association

2)    Legal Action. As two of the comment letters linked below indicate, allegedly monopolistic practices are part of the problem.  The comfortable relationship between the Manufactured Housing Institute (MHI) – via a reported intermediary – with HUD’s Pam Danner can’t be overlooked.  What was missing from MHI’s 5 point comments was precisely that issue – ‘who will be next in line to run the manufactured housing program leadership?’

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

After all of the drama with Pam Danner, JD and her leadership of the manufactured housing program office at HUD, and that was harming the industry, was nothing learned about the importance of having a reasonable person at the helm of the program?

Now You Will Hear — the Rest of the Story

Andy Gallagher, “Ousting” Pam Danner, MHI, Clayton’s RVP, WVHI – “Transparency”

Harper – Thank You Rev Donald Tye, Fighting for Enhanced Preemption of Manufactured Homes

4 sets of linked proposals to HUD are at in the focus section, were linked above, and are also found below.

We Provide, You Decide.” ©

## (News, analysis, and commentary.)

Don’t be the last to know. Over 1,000 new subscribers in the past 2 months. Thousands More “Get It.”

Sign Up Today! Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates. You’ll see in the first issue or two why big, medium and ‘mom-and-pop’ professionals are reading these headline news items by the thousands. These are typically delivered twice weekly to your in box.

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

Follow us on Twitter:


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


You can remain anonymous. Let us know if you want credit, or want to be off the record. To report a news tip, click the image above or send an email to – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and



Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

January 15th, 2018 Comments off


Let’s be plain spoken.

This video could be an eye opener for any long-term player considering all the reasons why manufactured housing is poised to boom. Clayton and Buffett apparently believe that to be true.

So there are ‘good news,’ and big opportunities aspects to this video interview, for the savvy, disciplined and motivated professional.

But there are arguably also darker elements to this same video interview.  The video is near the end of this post, and what follows are related infomation that will clarify why this video interview with Kevin Clayton is so eye-opening.


Clayton Homes, and sister operations such as 21st Mortgage and Vanderbilt Mortgage, have been accused of chocking off lending that killed off manufactured home competitors.

To rephrase, Clayton’s been accused of shrewd, monopolistic and other problematic practices that will yield them untold billions in the long run.  Is that fair or true?

This video will help some understand, and thus answer those questions and allegations, the opportunities and the implications.

  1. You can skip to the video, near the end of this post, or
  2. you can read the commentary, which provides viewing tips, and related links, documents, and information.  “We Provide, You Decide.”   ©
  3. Prediction? For those who grasp what this video interview with Kevin Clayton and the related research, such as the links posted below, means — it’s a bombshell in the manufactured home, and broader housing industry.

Bombshell Video Viewing Tips

One of the several ways of viewing this nearly hour long video interview of Kevin Clayton, CEO of Clayton Homes is through the lens of those opportunities, and those accusations.


Because Kevin Clayton and apparently pro-Buffett, pro-Berkshire Hathaway author Bob Miles are freely discussing the ways that Buffett,

  • using Clayton,
  • long-term thinking,
  • the power of capital and financing,
  • and his “Moat” strategies to dominate the industry.

Others with deep pockets could view this, and decide how the problematic parts are avoided of their plans, but how billions of dollars in opportunities are tapped.

Independents need to consider what this means to them, too.  Because the case can be made that those independents are the targets of Clayton and the ‘big boys.’

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

Interviewer Miles asks, and Kevin answers very plainly, about the two types of competition Warren Buffett hates.

Those 2 answers are revealing.

They are important to literally everyone in the industry.

Clayton touts how brilliant Buffett is.  Kevin says that through Buffett’s contacts and “professorial” research, and how intimately “Warren” understands the industries he is interested in.

The Open Plan to Dominate, and How to Drive Out Competitors?

So, if you wanted to dominate an industry – which they make plain in this video is part of their goal – why not dominate in part through

  • a combination of heavy regulations, often from the federal government,
  • and control of the Manufactured Housing Institute (MHI)?

There are already launched, Congressional, legal, non-profit, and other industry sources investigating Clayton and their sister units in Berkshire Hathaway.

By extension, the Manufactured Housing Institute (MHI) which they dominate is also being scrutinized.

How does Buffett/Berkshire/Clayton dominate MHI? Through dues, their executive committee structure, and via their moat influences.

Manufactured Housing Institute (MHI) Gives Written Responses – “Part of a Rigged, Corrupt System”

We plan to return to this video several times.  One of the reasons will be in light of new documents that we have obtained from MHI. Watch for that upcoming Daily Business News report, which names names, and will literally let you follow the money trail.

The Kevin Clayton video interview itself is rather relaxed.  In doing our requirements as the industry’s trade media under fair use legal guidelines, we’ve provided notes and references within the video itself.

There’s nothing else quite like this in manufactured housing that we know of at this time.

For those who’ve been harmed by choking off credit, this video and the Smoking Gun documents/reports are must read/must viewing.


The case is made by Clayton himself, in his own words, how vital credit is.  Clayton said himself, how choking off credit pushed them into bankruptcy, some years ago.  They vowed never to let that happen again.

But what other lessons did that teach? How are those lessons being applied?

Choking credit off has also been a killer for hundreds of firms and thousands of locations that would either close, or be forced to ‘consolidate’ – sell off – to larger firms.

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

As noted, any thoughtful investor ought to look at this.

Why?  Because it’s a road map for the kind of long-term strategy that has allowed Berkshire Hathaway to dominate the industry.


If you are – or know – an independent that has been forced out of the industry due to financing (or a lack of it), then this video is must viewing.  Please consider sharing it.

GSE’s Duty to Serve MH Rigged, Benefits 21st, VMF, Clayton, Buffett’s Berkshire, Harming Consumers & Independents, per MH CEO, Calls for Congressional Investigation

Unless you are an MHI insider company, isn’t this a wake up call for you?

Why would you pay MHI membership dues, once you understand that they are an extension of the Clayton/Berkshire/Buffett moat plan?

Why would you trust anything that MHI has to say – without a load of salt – once you understand this video and these reports?

‘We Want Your Money’ – 2018 MHI Membership, Infographic Fact Check

Broad Brush Topics Covered by the Kevin Clayton Video Interview, Below

Kevin speaks about some of the things one might expect in an in-depth, nearly one hour, video discussion.  

These include, but aren’t limited to:

> Faith, family, and leading a balanced life.

> Leadership, and management styles.

> Company history, including quite a bit about his father and the company’s entrepreneurial founder, Jim Clayton.

That said, this video further below with Kevin should be of keen interest to:

  • manufactured housing industry pros,
  • Clayton employees,
  • competitors,
  • independent Clayton retailers and communities,
  • investors, and fund managers,
  • elected officials,
  • regulators,
  • attorneys,
  • associations,
  • other news media,
  • and to the public at large. 

What specifically should be underscored are the following ‘hot topic’ elements of Kevin’s interview.  They include, but aren’t limited to:

  1. Working with Warren Buffett,
  2. what Kevin says near the end about the ‘ugly’ legal battle Chairmen Buffett led Berkshire Hathaway engaged in to get Clayton Homes away from rival buyers,
  3. the importance and value of having no capital worries,
  4. how much of the profit from Clayton’s five interlaced ‘vertically connected’ units is actually derived from financing,
  5. why Berkshire classification of their firm is under financial services, rather than some other category – such as ‘housing,’
  6. the value that ‘professorial’ and studious Buffett’s long-term planning gives Clayton, relative to competition,
  7. significant insights on industry quality, durability, an a planned image campaign vs. the stigma, and much more.

What couldn’t be missed is how often Kevin uses “the Moat” term. Clearly, its a central tenant of their operation, as he himself said.

Field Reports – Clayton to Continue Push for Industry Dominance

Kevin stresses “the Moat” numerous times, in and in several different ways.

Clayton strated that competition and “the moat,” are among the few key messages Buffett drives home with Clayton, and other Berkshire CEOs. 

Once someone understands that background to the moat, how can they construe the words to be anything but monopolistic?   

Doesn’t this explain why Clayton/Berkshire dominated MHI is loath to debate and discuss key issues?

Manufactured Housing Institute (MHI) SVP Rick Robinson Ducks Serious Industry Questions in Deadwood

Democratic and GOP forces will find this of interest, for their own reasons.

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

President Raises the M-Word, “Monopoly,” Plus Manufactured Housing Industry Market Update$

There are several points where Kevin confirms in his own words various reports made by MHProNews, and/or by the Manufactured Housing Association for Regulatory Reform (MHARR).

While most of Kevin and/or Miles’ dialogue and statements hang together, there are few forward looking or other statements that don’t seem to have proven accurate. 

Among those is a statement by Kevin – watch the video for his precise wording – that independent retailers would always be a lion’s share of their sales. 

In fact, since the original version of this video was posted, the projections made by IBISWorld and The Atlantic magazine are apparently bearing out, not Kevin’s claim. 

It’s no secret. 

The big boys plan to dominate, recall the recent report, shown below.  Editorially, we don’t think it has to be this way, but there are clearly those who want it this way.

Clayton’s ‘vertically integrated’ operations – combined with regulatory over-reach, and a credit crunch – could drive the independently owned businesses out. Isn’t that what happened?

With the understanding of the leverage they gained by choking off lending, via their two ‘smoking gun’ documents from 21st Mortgage linked above, is it any wonder that so many businesses failed or sold out since 2010?  Are you or is someone you know among them?

Kevin and the interviewer chuckle over the two types of competition Warren dislikes, foreign and domestic

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

In fact, the reports published by MHProNews are brought to life by Kevin himself, in his own words.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

The links above and below are just some of the reasons why this video will likely be reviewed and referenced for years to come. It will be viewed by friends of Clayton/Buffett/Berkshire/MHI, and those who oppose them. 

Will be viewed by those who may want to seek legal compensation for being wronged? 

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

The Genius of Buffett, Explained by Kevin Clayton

For example, Kevin stresses how deep the genius, information, connections and insights Buffett has. 

Won’t that makes one think about their widely acknowledged dominance – via dues and the executive committee structure – of the Manufactured Housing Institute?  If they are such genius, then why has it taken so long to get Preserving Access passed, unless passage fast, slow or never was part of their genius plan? 

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

As another example, what about the Duty to Serve Manufactured Housing by the Government Sponsored Enterprises (GSEs)?  When Kevin stresses their high profits from finance, why would Clayton dominated MHI allow DTS to advance into chattel a rapid, or meaningful way? Doesn’t that help explain why Tim Williams and his counterpart and Vanderbilt weren’t transparent with their data with the GSEs?

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

In keeping with fair use guidelines – as noted – several spotlights and text commentary has been added. But no edits or changes have been made to the words spoken by either man in this interview.

Rather, several key or interesting points Kevin and/or Bob Miles, the author of the Warren Buffett CEO makes, are enhanced without changing their words.

Theoe will help other researchers, including media, and those engaged in legal or regulatory oversight, to better grasp just what Kevin’s or Miles’ words mean.

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation


The video interview, combined with the linked reports, are strong example of the truth hiding in plain sight. 

There was no rush for Clayton, 21st, or VMF to get Preserving Access done. Who says?  Isn’t that part of what’s implied in their long term strategy comments? Isn’t that the value of not having to make a profit for years, as Kevin says during the interview?

“Accurate, but Misleading” MHI Preserving Access to Manufactured Housing Act Alert – ‘Weaponized New$,’ Fact Check$

Using his own words, since this video was produced, Clayton homes share of manufactured housing has roughly doubled.

There was ‘no bones’ made during the interview about using every competitive advantage – hear in his own words as to how that is said – so they could to grow and beat their rivals.  But are there methods legitimate, and legal?  Has MHI become a protection racket?

MHARR’s recently published concerns over the new class of manufactured housing recently announced ought to be carefully considered in the light of Kevin touting just how good the product already was then. Why the need for a new class of manufactured home? Is it as another cudgel to wield against competition? 

Regulations are barely mentioned.

Doesn’t that lack of concern speak volumes? Again, isn’t that fitting with the allegations, documents and reports previously reported?

MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

The ‘Smoking Gun 2’ and it’s related previous and another document-included 21st Mortgage Report need to be carefully studied. Why? Because if Buffett had all that cash to do whatever Kevin wanted. Can’t the case be made that the purpose for curtailing financing for others was just as alleged?

To drive hundreds of companies out of business, or forced to sell out for less than their potential value. These are companies that may have otherwise been sustained. 

When the Buffett connections allows the regulatory foot comes off the brakes, do they expect to have clear sailing to dominate, not just manufactured housing, but all housing?

Time Travelers, and the Future of American Homes

Kevin hammers on the affordable home crisis. How manufactured homes are the future, much as Alan Amy said in the video interview with MHLivingNews. 

NAR’s Yun – No Quick Fixes Spell$ Manufactured Housing Opportunitie$

What drew no complaints or comments was Dodd-Frank, the CFPB, or any regulatory issue that are heard in association meetings. Why not?  Could it be just as MHProNews, MHARR or others have long stressed?

It’s a big interview.

It’s historic insights. 

It could lead to serious changes, and potential investigations, and cases.

When couple led with an upcoming report about what Richard “Dick” Jennison and new MHI documented materials that is soon to be published, those that have been on the fence over MHI’s lack of success in advancing the industry’s cause ought to have all they need…

…when Kevin Clayton says several of the same allegations and concerns, in said in his own words, that MHProNews, MHLivingNews, industry members, and MHARR have pointed out. 

The truth has been hiding in plain sight as to why the industry hasn’t already taken off.  

For example, why did MHI start moving away from land-home promotion?  When the brochure below was published – pre-Berkshire Hathaway ownership of Clayton, longer term loans were promoted.  Today, why are chattel loans are 80 percent of all financing on manufactured homes?  Is it because so much of Clayton’s/Berkshire’s revenue flows from it?

Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed

Kevin Clayton and Bob Miles talk, joke, brag, glow and occasionally laugh about the power that Buffett’s Berkshire provides Clayton Homes, and their brands.  



Lavin is an MHI award winner, and a success story in communities, retail and finance.

It’s your money. MHI wants it. 

‘We Want Your Money’ – 2018 MHI Membership, Infographic Fact Check

Won’t MHI use it to support the Clayton/21st/VMF/Berkshire Hathaway “moat” over your interests?   

Here’s the video.


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

(Note, all third party images are shown under fair use guidelines.)

Ready to fight back?  Services Link Click here.

ThereAreOnly2WaysToLearnOwnOthersExperiencesLATonyKovachManufacturedHousingIndustryMHProNews-575x235By L.A. “Tony” Kovach.

MHARR: President Trump’s Regulatory Orders to Directly Impact MH

February 3rd, 2017 Comments off

Credit: MHARR, Wikipedia.

Washington, D.C., – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that regulatory orders issued by the new Administration of President Donald J. Trump should have a direct impact on manufactured homes regulated by the U.S. Department of Housing and Urban Development (HUD), but face defiance, particularly at HUD, from entrenched regulators and revenue-driven contractors.

Soon after the November 8, 2016 national election, MHARR became the first and only national manufactured housing industry organization to publicly call for the deferral of any action on three pending regulations affecting manufactured housing. The regulations were based on a November 15, 2016 memorandum sent by the leadership of the U.S. House of Representatives to all Executive Branch federal agencies, warning any agency against finalizing pending rules or regulations in the [Obama] Administration’s last days.”

MHARR called on the U.S. Department of Energy (DOE) and the Federal Housing Finance Agency (FHFA) to defer action on a HUD “Interpretive Bulletin” (IB) regarding manufactured home foundations and DOE manufactured housing energy standards that would needlessly and discriminatorily exclude millions from the manufactured housing market. It also included any final FHFA “Duty to Serve Underserved Markets” (DTS) implementation rule that did not include the full securitization and secondary market support of manufactured housing personal property chattel loans by Fannie Mae and Freddie Mac.

While the DOE has taken no further action on its manufactured housing energy rule, both the FHFA and HUD have taken defiant positions against a regulatory moratorium on these manufactured housing issues.

The Trump Administration put a regulatory freeze on all federal regulations on January 20th. 

M_Mark_Weiss_MHARR_president__mhpronews__credit postedDailyBusinessNewsMHProNews

For “A Cup of Coffee With…” MHARR president and CEO M. Mark Weiss, click here or on the photo. Credit: MHProNews.

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

This new perspective offers the industry and consumers the long-overdue opportunity that they have needed to demand new leadership at HUD, in full compliance with the 2000 reform law, and complete consumer financing parity at Fannie Mae and Freddie Mac. Hopefully all segments of the industry will recognize this and join forces to pursue this sorely-needed relief.

The full MHARR statement is available for Daily Business News readers here. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

HUD’s Pam Danner shines at elegant Alexander Hotel in Indianapolis amid Optimistic 2014 Manufactured Housing Institute (MHI) Summer Meeting

June 11th, 2014 Comments off

pam-danner-hud-code-manufactured-housing-program-administrator-mhi-2014-summer-meeting-indianapolis-in-alexander-hotel-(c)2014-mhpronews-com-97 industry leaders – plus staff, friends and family – came to the Alexander Hotel in Indianapolis, IN June 8-10 for the 2014 Manufactured Housing Institute (MHI) Summer Meeting. The new manufactured home program director at HUD, Pam Danner, was featured on the final day, in addition to her participating in numerous technical, regulatory and other discussions with industry members.

Danner, an attorney with prior federal and factory-built home industry experience, was applauded numerous times for her statements assuring industry leaders that some of the program backlog caused by the vacancy in the program she filled was being addressed.

The changes Danner spoke about ranged from the symbolic – hanging new framed photos of manufactured homes in their offices – to addressing delayed regulatory issues, to assuring the industry that she would strive to see manufactured housing be increasingly included in HUD’s programs.

The periodic applause from attendees was genuine, rather than polite. Comments from attendees were positive and encouraged at what has already taken place during Danner’s first 10 weeks at HUD. ##

(Photo Credit: