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Whistleblower! Ex-Clayton Homes Team Member on TV Denounces Manufactured Housing Giant’s Practices

December 5th, 2018 No comments

 

WhistlblowerExClaytonHomesTeamMemberOnTVDenouncesManufacturedHousingGiantsPracticesDailyBusinessNewsMHproNews

Foreword: a Manufactured Housing Institute (MHI) member messaged our publisher, “You seem to have conceptual IQ [and] that is more important than spelling ability.”

 

That there are divisions in manufactured housing ought to be self-evident. That’s true for any industry or large group. But among the many questions that ought to be asked, are those divisions in manufactured housing (MH) bad?

Are some distinctions within the MH Industry useful — or even good?

Within companies there are different points of view too.  The larger the organization, the more points of view will exist.

It goes without saying that Clayton denies recurring allegations that have surfaced in 2018, that have been visible for some years in mainstream media. Before we get into the Clayton whistleblower mainstream TV news video, this topic is serious enough where it merits a giant step back for perspective.

 

MH Divisions

It goes without saying that neither MHI, nor the Manufactured Housing Association for Regulatory Reform (MHARR), are entirely monolithic organizations. Because there are some dual members of both national trade groups, there have at times been some in MHVille that mistakenly believe that the two are one in the same.

Hardly. A close look at the track records of the two trade groups make it abundantly clear that there are real differences in style, goals, and more.

There are those in manufactured housing who believe there should only be one national trade group.  To that point – we ask, if that is logical – then why are there so many trade groups in:

  • Mainstream housing: National Association of Home Builders (NAHB), National Association of Realtors (NAR), Mortgage Bankers Association (MBA), and on down the list or remodeling, finance, and more.
  • Automotive – According to Wikipedia, there are some 29 pages of associations in the automotive field. Just starting with A: Auto Care Association. Alliance of Automobile Manufacturers. American Automobile Association. American Highway Users Alliance. American Hot Hod Association. American Motor League. Association of Global Automakers.
  • How about RVs? There are producers, dealers, owners, suppliers, and a plethora of trade groups that represent the varied interests of Recreation Vehicles (RVs). FYI – for those who aren’t into RVing, an RV is not just a motorized vehicle, towable RVs are a huge part of the RV business. Some of those towable RVs are de facto a competitor to manufactured housing.  FEMA orders for RVs vs. MH are but one example.

So, if there are so many trade associations in other industries, why are there so few manufactured housing national trade groups?

That is arguably a problem for the manufactured housing industry.  There are inherent conflicts of interest in having manufactured home (MH):

  • Communities
  • Producers
  • Suppliers
  • Lenders and Financial Services
  • Retailers
  • Transporting and Installation
  • Professional Services and more

all in one trade association.

The proof is found in the results vs. the claims of MHI.  For all the bluster and what one ex-MHI member called their ‘Razzle Dazzle’ at appealing getaway spots, the declining sales of HUD Code manufactured housing for two straight months is all the evidence needed that MHI is at its core ineffective at best.  The report hot-linked via the box below can be read later for greater depth of understanding of this issue.

 

“Pants on Fire” – Latest New Manufactured Housing Shipment Report

 

As fabled author Adam Smith said in the Wealth of Nations,People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” Merely readingantitrust guidelines at an MHI meeting doesn’t automatically mean that monopolistic activity isn’t at play. When a high-profile congressional representative (see further below) and others in Congress raised that very concern about monopoly, why haven’t others in manufactured housing trade media done the same, save MHProNews?

 

The Elephant in the Room 

It was almost funny when some years ago when a now-former MHI leader said at one of their meetings that the ‘elephant in the room’ was Danny Ghorbani and MHARR. That’s a tip of the hat to the outsized-shadow they’ve cast, but the obvious actual elephant in the room is Clayton Homes, and the array of Berkshire Hathaway brands working in manufactured housing.

There is one kind of value to having Berkshire in manufactured housing, but it arguably already existed with Sam Zell of Equity LifeStyle Properties (ELS) fame and is limited to this next point.

Warren Buffett has given his seal of approval on the common sense value of manufactured housing.

But beyond that, there has been years of “consolidation” of manufactured housing production, retail, lending, supply, and more in our industry ever since Buffett-led Berkshire Hathaway entered our industry.

Our HUD Code manufactured home industry’s sales have overall declined – not rose – since Clayton and Oakwood were acquired by Berkshire.

 

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryDailyBusinessNEwsMHproNEws

See related report, linked here.

 

There are a variety of reasons why the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR) has argued that there must be one or more new post-production trade groups. We’ll refer readers to MHARR’s report, when they declined expanding to compete with MHI, because they believe that the industry should be more like housing, automotive or other industries with a myriad of representative bodies.  That is a natural way of blocking conflicts of interest that are arguably evident at MHI.

 

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

 

It should be noted that the Manufactured Housing Improvement Act of 2000 (MHIA) was achieved when MHARR, MHI and state association came together on areas of mutual interest.  But that is different than unity under one umbrella, which has demonstrably resulted in far lower shipment levels than existed in the late 1990s.

Kevin Clayton has been in the mainstream news several times in recent weeks, since the MHProNews exclusive in the hot-linked box below was published.

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

 

But the reality is that what could have been done in 2011 to promote the industry and growth – according to Kevin’s own statement in a friendly video interview – has been allowed to drag on until 2018.  For whatever reasons, there is no denying that what MHI and Clayton have done in the last two years has had no appreciable change in the modest growth the industry has had, especially when compared to the strong growth of the RV industry.

ManufacturedHomeMHShipments1990-2017DailybusinessNewsManufacturedHousingMHProNews600

RVsshipmentsTrailedMH1998WinnebagoDailyBusinessNewsMHProNews

So while

  • MHI’s Lesli Gooch has defended Clayton/Berkshire against charges of monopolizing the industry in a response to Doug Ryan at Prosperity Now, or
  • Clayton Homes has denied to local, regional, and national media the varied allegations against them,

there is also no denying that the claims keep popping up. In fact, when MHProNews offers MHI or Knoxville’s brands the opportunity to respond to reports like this, they’ve passed.  Why, if they had a good defense, would they miss out on the opportunity?

It is arguably absurd that the elected leadership of MHI’s current and prior 2 chairman have had serious negative media coverage, and yet have been allowed to continue as chair.  What image does that give the outside world about manufactured housing, or MHI?

ManufacturedHousingInstituteMHIBoardofDirectors1242018DailyBusinessNewsMHProNews

It is also absurd that that all three of the current and prior chairs have clear and deep ties to Berkshire Hathaway.  The real elephant in the room is Clayton and the Berkshire brands. If they want to claim leadership of the industry – and MHI and Clayton repeatedly do so – then the results of the industry logically fall at their feet.

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Louisiana is one of the top ten states for manufactured home shipments in recent years, per data collected by HUD and reported by MHARR. Clayton Homes has a serious presence in the state. Yet, sales are declining. Why???

And those results have been towards ever more consolidation of the industry in the hands of a few, including Clayton Homes and their sister companies involved in manufactured housing.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

One more point must be made. When the allegations of racism and other claims of financing malfeasance were lodged against Clayton and their related lenders – 21st Mortgage and Vanderbilt Mortgage and Finance – first surfaced, MHProNews and MHLivingNews leapt to their defense. Why?  Because we knew of no such examples, and asking some industry pros, they said similarly.

Lies, Advocacy Journalism and Statistics – Seattle Times/BuzzFeed Attacks, Warren Buffett’s Clayton Homes Defends – charges of Racism and Discrimination – Critical Analysis

 

But as the claims have continued, and other facts emerged, we looked deeper.  Our understanding of the issues has matured, in part with input from others in manufactured housing.  Unlike MHI or Clayton, which rarely wants to admit in public an error, our publisher has said ‘mea culpa’ several times, as we have pivoted to our clarified understanding.

 

ClaytonHomesSkylineChampionCavcoIndustriesMarketShareManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews-e1528746976415

With that tee up, we now show the video from the Clayton headquarters – the Knoxville metro’s own TV news media – is shown below.

 

 

Former Clayton Team Member Blows the Whistle on TV on Clayton Homes Business Practices

With that backdrop is this ongoing controversy about Clayton Homes and concerns over racism and unjust lending practices.

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Maxine Waters is among those who signed the letter that this local Knoxville TV news media report reflects.

ClaytonHomesSubsidiariesDiscriminateLowModerateIncomeMinorityBuyersHighCostLoansLeaveMaxineWatersCA-DClaytonlogo21stMortgageLogoVanderbiltMortgageLogo

One of several reasons to provide this to 2018 Knoxville TV news report to industry members at this time is that Waters will likely become the next chairperson for the important House Financial Services Committee.

 

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U.S. Representatives Maxine Waters (D-CA), Keith Ellison (D-MN), Emanuel Cleaver (D-MO), Mike Capuano (D-MA). Image credit, Twitter, Wikipedia.

 

Waters has called Clayton and Berkshire ‘near monopolies.’ That charge may take on new meaning in 2019. The Democrats have an anti-monopoly plank in their revised platform.

 

As the Daily Business News on MHProNews has previously documented, there are voices across the left-right divide that are seeing the challenges to small and independent businesses from monopolies.

Monopolies and growing consolidation over time causes ripples in costs to consumers, and for employment opportunities and thus wages too.

Some will act out of habit and ‘stroke the check’ to renew their MHI membership.

Others will feel compelled for reasons that sources say are akin to RICO related concerns.

For those who don’t want to be part of feeding the hand that bites them, this is a good time to step back and decide to cancel membership in Berkshire dominated MHI, and explore other options.

To learn more, see the related reports, and click on the hot-linked boxes further below.

Finally, it should be noted that Berkshire vice-chairman, and longtime Warren Buffet partner, Charlie Munger has said on camera that he doesn’t doubt that some wrongdoing has occurred.

 

 

While denying the thrust of the anti-Clayton claims, Warren Buffett has said similarly to what Munger has said.

It’s a complex puzzle.  But MHProNews is committed to providing the facts that unravel the fog in a way that no others in MH trade media will give you.  That way, you can make more informed decisions to operate your business.

DearTonySoheylaNoGreaterResourceSpeakstoIssuesOpportunitiesWeFaceAsIndependentRetailersGusRodriguezTejasHomesTX

Gus’ message came in response to a series of exposes on issues within manufactured housing, as well as tips, strategies, and opportunities.

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

NOTICE: 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.

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

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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: Click the Boxes Below to Read More…

Center for Public Integrity – Stunning Clayton Homes-Warren Buffett-Berkshire Hathaway Manufactured Home Lending Truth Outs

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

Manufactured Housing – MHVille, It’s Not a Matter Open to Interpretation

Housing Choice, Where Modular, Manufactured, Tiny, Conventional Housing Crisis, MHI and MHARR Intersect

Crisis of Misinformation, Fact Checks, and Manufactured Housing

New York Times-David Leonhardt-“The Monopolization of America,” Manufactured Housing Slant

#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

 

 

 

 

Former President Barack Obama Says President Trump is “Symptom, Not the Cause,” plus MH Market Updates

September 7th, 2018 Comments off

CNNmoney9.7.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt is no secret that the Daily Business News on MHProNews editorially opposed the policies of prior President Barack H. Obama, just as it is no secret that this industry-leading trade media favored the candidacy – and still robustly supports – the Presidency of Donald J. Trump.  But tonight’s spotlight feature is today’s speech by former President Obama. That’s balance, and it’s a frankly fascinating speech.  Why? Because it has several elements of truth, for those who take a discerning “wheat and chaff” approach.  That discernment, aligned with the facts, isn’t the message that the speaker may have wanted to convey, or what many of his listeners think they heard.  The full transcript of the former president’s speech, and a video highlight of the speech, is our evening featured report tonight, found further below.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Selected headlines and bullets from CNN Money:

  • NFL kickoff ratings fall again
  • The two-year Wells Fargo horror story just won’t end
  • Tesla in turmoil: Executives bail and stock plunges
  • Weed, whiskey, Tesla and a flamethrower: Elon Musk meets Joe Rogan
  • Deutsche Bank’s top investor is selling out
  • Dell, Cisco and others make a last-minute effort to avoid new China tariffs
  • Activist investor wants to replace entire Campbell Soup board
  • Op-ed fallout: The latest salvo in Trump’s love-hate relationship with the Times
  • Facebook employee with ties to Cambridge Analytica leaves company
  • What’s the best place for your money in the next five years?
  • The case for and against gender quotas
  • British Airways’ latest tech problem is a major credit card hack
  • Twitter bans Alex Jones and InfoWars
  • 20 cities, one year, and no second Amazon headquarters (yet)
  • Amazon is 20,000 vans closer to its own delivery fleet
  • Charlie Rose says accusers are ‘exploiting the #MeToo Movement’
  • Volkswagen speaks out against right-wing protests in Germany
  • It’s a bitcoin bloodbath
  • New York Times rivals react to explosive anonymous op-ed
  • Barnes & Noble is in big trouble in more than one way
  • A former Buddhist monk is trying to help the world relax with an app
  • IBM is betting big on blockchain technology. Is it worth the risk?
  • Lyft launches a scooter service, with Uber close behind
  • Hong Kong now has more super-rich people than any other city
  • Curbing carbon emissions could boost the economy way more than doing nothing
  • CBS is reportedly negotiating an exit for CEO Les Moonves
  • Amway co-founder Richard DeVos dies at 92
  • Facebook is spending $1 billion on its first data center in Asia
  • China’s ‘Amazon of services’ picks a tough time for its $4.4 billion IPO
  • Starbucks’ first store in Italy: Frappuccinos aren’t on the menu
  • Carlsberg is going to glue its beer cans together
  • PepsiCo is launching an accelerator program

Selected headlines and bullets from Fox Business:

  • Larry Kudlow: Dairy blocking trade deal with Canada
  • August jobs growth tops expectations, unemployment holds near 18-year low
  • Tesla shares hit amid executive departures
  • Stocks slide as Trump signals more tariffs on China
  • ‘Papa John’ Schnatter: New CEO orchestrated racism scandal
  • Employers struggle to fill jobs paying $75,000 a year with benefits, pension
  • Ex-NBA star Kevin Garnett sues accountant over $77M in losses
  • Elon Musk smokes marijuana during podcast
  • This is how Texas plans to kill ObamaCare
  • Does Tesla’s Elon Musk have a responsibility to be a good role model?
  • Thousands of flooded cars are refurbished and sold: Here’s how to avoid that trap
  • Amazon orders 20,000 Mercedes vans for deliveries
  • The fuzzy math behind California’s renewable energy push
  • NFL thriving despite Colin Kaepernick: Tiki Barber
  • What aerial photos can tell us about Tesla sales
  • ‘Strong’ jobs report reinforces future rate hikes: Dallas Fed’s Kaplan
  • Here are this year’s top 10 startups according to LinkedIn
  • Equifax data breach: How consumers have responded one year later
  • ‘Run for the Cure’: Susan G. Komen CEO Linda Tantawi
  • Americans should consider retiring in these countries
  • 4 tips on making the most money selling your home
  • The pitfalls of early retirement that no one is telling you
  • Continue to Personal Finance
  • Tesla shares hit amid executive departures
  • Elon Musk smokes marijuana during podcast
  • Football and investing: what they have in common
  • Amway founder and Magic owner Richard DeVos dies at age 92
  • Eye in the Tesla sky: What aerial photos say about Elon Musk’s sales
  • Regulatory environment’s impact on Uber
  • How Stumpy’s turned hatchet-throwing into a fast-growing business
  • America’s Best 401(k) adds Salesforce CEO, M13 founder to board of directors

 

Today’s markets and stocks, at the closing bell…

YahooFinanceManufacturedHousingCompValue9.7.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews 

Manufactured Housing Composite Value (MHCV)

9MarketIndicatorsYahooFinance9.7.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

FormerPresidentBarackObamaPresidentTrumpSymptonNotCausePlusMHMarketUpdates

The Daily Mail provided the video, and USA Today get’s credit for obtaining a transcript from former President Barack Hussein Obama’s speech delivered today at the University of Illinois at Urbana Champaign.

The occasion?  The former president accepted an “ethics in government” award.  The irony is thick, because as we’ve previously documented, Mr. Obama promised many times during 2008 things that were demonstrably false.

Before proceeding, let’s stress an objective reality.  Presidents from both major parties going back for several decades have said things that proved to be untrue.  That isn’t a Democratic or a Republican reality, it is a political reality that applies to members of both major parties at all levels of local, state, and national government.

With specific respect to Mr. Obama, for example, “If you like your doctor, you can keep your doctor,” “if you like your health plan, you can keep your health plan.  Or promising Americans would save money due to the passage of what would later be called ObamaCare.

But that was all a lie.  Who said?  Mr. Obama’s own architect of ObamaCare, Jonathan Grubber of MIT.

 

President Obama promised transparency during his term in office.  But instead, he delivered in many ways the opposite of that promise. That example of ObamaCare above is just one of several possible instances. Thomas Sowell said in advance that Mr. Obama’s plan would fail to save money, and he explained why in the words below.

Thomas Sowell, Ph.D. Economist, Thinker,

Collage credit, Wikipedia and MHProNews.com.

The 44th president also promised to heal the racial divide, but many – including many blacks and minorities – believe he made racial divisions worse in the U.S.

Mr. Obama railed today against the wealthy and powerful, but he would never have become president without the support of left-wing supporting billionaires. That included, but wasn’t limited to, Warren Buffett, who is chairman of Berkshire Hathaway, parent company of Clayton Homes, 21st Mortgage, and other manufactured housing brands.  It is worth linking an article from earlier today connected to those companies.

Clayton Homes and 21st Mortgage’s Manufactured Housing “Spies”

Mr. Obama got support from other billionaires, including George Soros, Tom Steyer, Bill Gates and the list goes on.  Those too are important, and the first two are linked in the article found below.

Follow the Money – Surprising, Inconvenient Truths Impact Manufactured Housing, U.S. Economy, and More

That’s tied to a heated contest in the #3 state in manufactured housing sales, Florida, which faces what other pundits are also calling an epic face-off, that could define that state and the direction of the U.S. for years to come.

Epic Battle for MHVille Mainstay Looms, With “Not the Most Popular Guy” and His Rival

Referring to President Trump, Mr. Obama said that he was “the symptom, not the cause” of division and polarization in the U.S.  That’s a demonstrably true statement, but that doesn’t mean what it may seem to mean on the surface. How so? Because the policies that President of the United States (POTUS), Donald J. Trump is promoting were similar to those of other candidates before him, like pundit and author, Pat Buchanan, or former Senator Rick Santorum, among others. Rush Limbaugh has said something quiet similar to this comment by former President Obama, when the talk radio star said that Mr. Trump didn’t create the coalition, rather, he stepped in and filled a void among a coalition that already existed.

There is more that could be said, but it is Friday evening.  Let the video and President Obama have their say, but evaluate those words critically, not just accepting them on face value.

The rich that Mr. Obama is railing against at times not only put him in office, but they are making him wealthy after his term in office, just as former President Bill Clinton became wealthy after he left office.

Because if you do, you’ll find that in some ways, the facts reflect that Mr. Obama is describing himself, and his backers. Ouch, sad, but true. With no further adieu, here’s the video and transcript, followed by a link to President Trump’s speech in Montana last night.

 

USA Today provided a transcript of the speech, as provided by former President Barack Obama’s office.

 

Here is a transcript of Obama’s speech as provided by his office:

President Obama: Hey! Hello, Illinois! I-L-L!

AUDIENCE: I-L-L!

PRESIDENT OBAMA: I-L-L!

AUDIENCE: I-L-L!

PRESIDENT OBAMA:I-L-L!

AUDIENCE: I-L-L!

PRESIDENT OBAMA: Okay, okay. Just checking to see if you’re awake. Please have a seat, everybody. It is good to be home. It’s good to see corn.

PRESIDENT OBAMA: Beans. I was trying to explain to somebody as we were flying in, that’s corn. That’s beans. And they were very impressed at my agricultural knowledge. Please give it up for Amaury once again for that outstanding introduction. I have a bunch of good friends here today, including somebody who I served with, who is one of the finest senators in the country, and we’re lucky to have him, your Senator, Dick Durbin is here. I also noticed, by the way, former Governor Edgar here, who I haven’t seen in a long time, and somehow he has not aged and I have. And it’s great to see you, Governor. I want to thank President Killeen and everybody at the U of I System for making it possible for me to be here today. And I am deeply honored at the Paul Douglas Award that is being given to me. He is somebody who set the path for so much outstanding public service here in Illinois.

Now, I want to start by addressing the elephant in the room. I know people are still wondering why I didn’t speak at the commencement.

The student body president sent a very thoughtful invitation. The students made a spiffy video. And when I declined, I hear there was speculation that I was boycotting campus until Antonio’s Pizza reopened.

So I want to be clear. I did not take sides in that late-night food debate. The truth is, after eight years in the White House, I needed to spend some time one-on-one with Michelle if I wanted to stay married.

And she says hello, by the way. I also wanted to spend some quality time with my daughters, who were suddenly young women on their way out the door. And I should add, by the way, now that I have a daughter in college, I can tell all the students here, your parents suffer.

They cry privately. It is brutal. So please call. Send a text.

We need to hear from you, just a little something. And truth was, I was also intent on following a wise American tradition. Of ex-presidents gracefully exiting the politicalstage, making room for new voices and new ideas. And we have our first president, George Washington, to thank for setting that example. After he led the colonies to victory as General Washington, there were no constraints on him really, he was practically a god to those who had followed him into battle.

There was no Constitution, there were no democratic norms that guided what he should or could do. And he could have made himself all-powerful, he could have made himself potentially President for life. And instead he resigned a sCommander-in-Chief and moved back to his country estate. Six years later, he was elected President. But after two terms, he resigned again, and rode off into the sunset. The point Washington made, the point that is essential to American democracy, is that in a government of and by and for the people, there should be no permanent ruling class. There are only citizens, who through their elected and temporary representatives, determine our course and determine our character.

I’m here today because this is one of those pivotal moments when every one of us, as citizens of the United States, need to determine just who it is that we are, just what it is that we stand for. And as a fellow citizen, not as an ex-president, but as a fellow citizen, I am here to deliver a simple message, and that is that you need to vote because our democracy depends on it.

Now, some of you may think I’m exaggerating when I say this November’s electionsare more important than any I can remember in my lifetime. I know politicians say that all the time. I have been guilty of saying it a few times, particularly when I was on the ballot.

But just a glance at recent headlines should tell you that this moment really is different.The stakes really are higher. The consequences of any of us sitting on the sidelines are more dire. And it’s not as if we haven’t had big elections before or big choices to make in our history. The fact is, democracy has never been easy, and our founding fathers argued about everything. We waged a civil war. We overcame depression. We’ve lurched from eras of great progressive change to periods of retrenchment. Still, most Americans alive today, certainly the students who are here, have operated under some common assumptions about who we are and what we stand for.

Out of the turmoil of the industrial revolution and the Great Depression, America adapted a new economy, a 20th century economy – guiding our free market with regulations to protect health and safety and fair competition, empowering workers with union movements; investing in science and infrastructure and educational institutions like U of I; strengthening our system of primary and secondary education, and stitching together asocial safety net. And all of this led to unrivaled prosperity and the rise of a broad and deep middleclass in the sense that if you worked hard, you could climb the ladder of success.

And not everyone was included in this prosperity. There was a lot more work to do. And so in response to the stain of slavery and segregation and the reality of racial discrimination, the civil rights movement not only opened new doors for African-Americans, it also opened up the floodgates of opportunity for women and Americans with disabilities and LGBT Americans and others to make their own claims to full and equal citizenship. And although discrimination remained a pernicious force in our society and continues to this day, and although there are controversies about how to best ensure genuine equality of opportunity, there’s been at least rough agreement among the overwhelming majority of Americans that our country is strongest when everybody’s treated fairly, when people are judged on the merits and the content of their character, and not the color of their skin or the way in which they worship God or their last names. And that consensus then extended beyond our borders. And from the wreckage of World War II, we built a postwar web, architecture, system of alliances and institutions to underwrite freedom and oppose Soviet totalitarianism and to help poorer countries develop.

This American leadership across the globe wasn’t perfect. We made mistakes. At times we lost sight of our ideals. We had fierce arguments about Vietnam, and we had fierce arguments about Iraq. But thanks to our leadership, a bipartisan leadership, and the efforts of diplomats and Peace Corps volunteers, and most of all thanks to the constant sacrifices of our men and women in uniform, we not only reduced the prospects of war between the world’s great powers, we not only won the Cold War, we helped spread a commitment to certain values and principles, like the rule of law and human rights and democracy and the notion of the inherent dignity and worth of every individual. And even those countries that didn’t abide by those principles were still subject to shame and still had to at least give lip service for the idea. And that provided a lever toc ontinually improve the prospects for people around the world.

That’s the story of America, a story of progress. Fitful progress, incomplete progress, but progress. And that progress wasn’t achieved by just a handful of famous leaders making speeches. It was won because of countless quiet acts of heroism and dedication by citizens, by ordinary people, many of them not much older than you. It was won because rather than be bystanders to history, ordinary people fought and marched and mobilized and built and, yes, voted to make history.

Of course, there’s always been another darker aspect to America’s story. Progress doesn’t just move in a straight line. There’s a reason why progress hasn’t been easy and why throughout our history every two steps forward seems to sometimes produce one step back. Each time we painstakingly pull ourselves closer to our founding ideals, that all of us are created equal, endowed by our Creator with certain inalienable rights; the ideals that say every child should have opportunity and every man and woman in this country who’s willing to work hard should be able to find a job and support a family and pursue their small piece of the American Dream; our ideals that say we have a collective responsibility to care for the sick and the infirm, and we have a responsibility to conserve the amazing bounty, the natural resources of this country and of this planet for future generations, each time we’ve gotten closer to those ideals, somebody somewhere has pushed back. The status quo pushes back. Sometimes the backlash comes from people who are genuinely, if wrongly, fearful of change. More often it’s manufactured by the powerful and the privileged who want to keep us divided and keep us angry and keep us cynical because that helps them maintain the status quo and keep their power and keep their privilege. And you happen to be coming of age during one of those moments. It did not start with Donald Trump. He is a symptom, not the cause.

He’s just capitalizing on resentments that politicians have been fanning for years. A fear and anger that’s rooted in our past, but it’s also born out of the enormous upheavals that have taken place in your brief lifetimes.

And, by the way, it is brief. When I heard Amaury was eleven when I got elected, and now Amaury’s starting a company, that was yesterday. But think about it. You’ve come of age in a smaller, more connected world, where demographic shifts and the winds of change have scrambled not only traditional economic arrangements, but our social arrangements and our religious commitments and our civic institutions. Most of you don’t remember a time before 9/11, when you didn’t have to take off your shoes at an airport. Most of you don’t remember a time when America wasn’t at war, or when money and images and information could travel instantly around the globe, or when the climate wasn’t changing faster than our efforts to address it. This change has happened fast, faster than any time in human history. And it created a new economy that has unleashed incredible prosperity.

But it’s also upended people’s lives in profound ways. For those with unique skills or access to technology and capital, a global market has meant unprecedented wealth. For those not so lucky, for the factory worker, for the office worker, or even middle managers, those same forces may have wiped out your job, or at least put you in no position to ask for a raise. As wages slowed and inequality accelerated, those at the top of the economic pyramid have been able to influence government to skew things even more in their direction: cutting taxes on the wealthiest Americans, unwinding regulations and weakening worker protections, shrinking the safety net. So you have come of age during a time of growing inequality, of fracturing of economic opportunity. And that growing economic divide compounded other divisions in our country: regional, racial, religious, cultural. It made it harder to build consensus on issues. It made politicians less willing to compromise, which increased gridlock, which made people even more cynical about politics.

And then the reckless behavior of financial elites triggered a massive financial crisis, ten years ago this week, a crisis that resulted in the worst recession in any of our lifetimes and caused years of hardship for the American people, for many of your parents, for many of your families. Most of you weren’t old enough to fully focus on what was going on at the time, but when I came into office in 2009, we were losing 800,000 jobs a month. 800,000. Millions of people
were losing their homes. Many were worried we were entering into a second Great Depression. So we worked hard to end that crisis, but also to break some of these longer term trends. And the actions we took during that crisis returned the economy to healthy growth and initiated the longest streak of job creation on record. And we covered another 20 million Americans with health insurance and we cut our deficits by more than half, partly by making sure that people like me, who have been given such amazing opportunities by this country, pay our fair share of taxes to help folks coming up behind me.

And by the time I left office, household income was near its all-time high and the uninsured rate had hit an all-time low and wages were rising and poverty rates were falling. I mention all this just so when you hear how great the economy’s doing right now, let’s just remember when this recovery started.

I mean, I’m glad it’s continued, but when you hear about this economic miracle that’s been going on, when the job numbers come out, monthly job numbers, suddenly Republicans are saying it’s a miracle. I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016.

Anyway, I digress. So we made progress, but — and this is the truth — my administration couldn’t reverse forty-year trends in only eight years, especially once Republicans took over the House of Representatives in and decided to block everything we did, even things they used to support.

So we pulled the economy out of crisis, but to this day, too many people who once felt solidly middle-class still feel very real and very personal economic insecurity. Even though we took out bin Laden and wound down the wars in Iraq and our combat role in Afghanistan, and got Iran to halt its nuclear program, the world’s still full of threats and disorder. That comes streaming through people’s televisions every single day. And these challenges get people worried. And it frays our civic trust. And it makes a lot of people feel like the fix is in and the game is rigged, and nobody’s looking out for them. Especially those communities outside our big urban centers.

And even though your generation is the most diverse in history, with a greater acceptance and celebration of our differences than ever before, those are the kinds of conditions that are ripe for exploitation by politicians who have no compunction and no shame about tapping into America’s dark history of racial and ethnic and religious division

Appealing to tribe, appealing to fear, pitting one group against another, telling people that order and security will be restored if it weren’t for those who don’t look like us or don’t sound like us or don’t pray like we do, that’s an old playbook. It’s as old as time. And in a healthy democracy it doesn’t work. Our antibodies kick in, and people of goodwill from across the political spectrum callout the bigots and the fearmongers, and work to compromise and get things done and promote the better angels of our nature. But when there’s a vacuum in our democracy, when we don’t vote, when we take our basic rights and freedoms for granted, when we turn away and stop paying attention and stop engaging and stop believing and look for the newest diversion, the electronic versions of bread and circuses, then other voices fill the void. A politics of fear and resentment and retrenchment takes hold. And demagogues promise simple fixes to complex problems. They promise to fight for the little guy even as they cater to the wealthiest and the most powerful. They promise to clean up corruption and then plunder away. They start undermining norms that ensure accountability, try to change the rules to entrench their power further. And they appeal to racial nationalism that’s barely veiled, if veiled at all.

Sound familiar? Now, understand, this is not just a matter of Democrats versus Republicans or liberals versus conservatives. At various times in our history, this kind of politics has infected both parties. Southern Democrats were the bigger defenders of slavery. It took a Republican President, Abraham Lincoln, to end it. Dixiecrats filibustered anti-lynching legislation, opposed the idea of expanding civil rights, and although it was a Democratic President and a majority Democratic Congress, spurred on by young marchers and protestors, that got the Civil Rights Act and the Voting Rights Act over the finish line, those historic laws also got passed because of the leadership of Republicans like Illinois’ own Everett Dirksen.

So neither party has had a monopoly on wisdom, neither party has been exclusively responsible for us going backwards instead of forwards. But I have to say this because sometimes we hear, oh, a plague on both your houses. Over the past few decades, it wasn’t true when Jim Edgar was governor here in Illinois or Jim Thompson was governor. I’ve got a lot of good Republican friends here in Illinois. But over the past few decades, the politics of division, of resentment and paranoia has unfortunately found a home in the Republican Party.

This Congress has championed the unwinding of campaign finance laws to give billionaires outsized influence over our politics; systemically attacked voting rights to make it harder for the young people, the minorities, and the poor to vote.

Handed out tax cuts without regard to deficits. Slashed the safety net wherever it could. Cast dozens of votes to take away health insurance from ordinary Americans. Embraced wild conspiracy theories, like those surrounding Benghazi, or my birth certificate.

Rejected science, rejected facts on things like climate change. Embraced a rising absolutism from a willingness to default on America’s debt by not paying our bills, to a refusal to even meet, much less consider, a qualified nominee for the Supreme Court because he happened to be nominated by a Democratic President. None of this is conservative. I don’t mean to pretend I’m channeling Abraham Lincoln now, but that’s not what he had in mind, I think, when he helped form the Republican Party.

It’s not conservative. It sure isn’t normal. It’s radical. It’s a vision that says the protection of our power and those who back us is all that matters, even when it hurts the country. It’s a vision that says the few who can afford a high-priced lobbyist and unlimited campaign contributions set the agenda. And over the past two years, this vision is now nearing its logical conclusion.

So that with Republicans in control of Congress and the White House, without any checks or balances whatsoever, they’ve provided another $. trillion in tax cuts to people like me who, I promise, don’t need it, and don’t even pretend to pay for them. It’s supposed to be the party, supposedly, of fiscal conservatism. Suddenly deficits do not matter, even though, just two years ago, when the deficit was lower, they said, I couldn’t afford to help working families or seniors on Medicare because the deficit was an existential crisis. What changed? What changed? They’re subsidizing corporate polluters with taxpayer dollars, allowing dishonest lenders to take advantage of veterans and students and consumers again. They’ve made it so that the only nation on earth to pull out of the global climate agreement, it’s not North Korea, it’s not Syria, it’s not Russia or Saudi Arabia. It’s us. The only country.There are a lot of countries in the world.

We’re the only ones.

They’re undermining our alliances, cozying up to Russia. What happened to the Republican Party? Its central organizing principle in foreign policy was the fight against Communism, and now they’re cozying up to the former head of the KGB, actively blocking legislation that would defend our elections from Russian attack. What happened? Their sabotage of the Affordable Care Act has already cost more than three million Americans their health insurance. And if they’re still in power next fall, you’d better believe they’re coming at it again. They’ve said so. In a healthy democracy, there’s some checks and balances on this kind of behavior, this kind of inconsistency, but right now there’s none. Republicans who know better in Congress — and they’re there, they’re quoted saying, Yeah, we know this is kind of crazy –are still bending over backwards to shield this behavior from scrutiny or accountability or consequence. Seem utterly unwilling to find the backbone to safeguard the institutions that make our democracy work.

And, by the way, the claim that everything will turn out okay because there are people inside the White House who secretly aren’t following the President’s orders, that is not a check — I’m being serious here — that’s not how our democracy is supposed to work.

These people aren’t elected. They’re not accountable.T hey’re not doing us a service by actively promoting 90 percent of the crazy stuff that’s coming out of this White House and then saying, Don’t worry, we’re preventing the other 10 percent. That’s not how things are supposed to work. This is not normal.

These are extraordinary times. And they’re dangerous times. But here’s the good news. In two months we have the chance, not the certainty but the chance, to restore some semblance of sanity to our politics.

Because there is actually only on real check on bad policy and abuses of power, and that’s you. You and your vote. Look, Americans will always have disagreements on policy. This is a big country, it is a raucous country. People have different points of view. I happen to be a Democrat. I support Democratic candidates. I believe our policies are better and that we have a bigger, bolder vision of opportunity and equality and justice and inclusive democracy. We know there are a lot of jobs young people aren’t getting a chance to occupy or aren’t getting paid enough or aren’t getting benefits like insurance. It’s harder for young people to save for a rainy day, let alone retirement. So Democrats aren’t just running on good old ideas like a higher minimum wage, they’re running on good new ideas like Medicare for all, giving workers seats on corporate boards, reversing the most egregious corporate tax cuts to make sure college students graduate debt-free.

We know that people are tired of toxic corruption, and that democracy depends on transparency and accountability. So Democrats aren’t just running on good old ideas like requiring presidential candidates to release their tax returns, and barring lobbyists from making campaign contributions, but on good new ideas like barring lobbyists from getting paid by foreign governments. We know that climate change isn’t just coming. It is here. So Democrats aren’t just running on good old ideas like increasing gas mileage in our cars — which I did and which Republicans are trying to reverse — but on good new ideas like putting a price on carbon pollution. We know that in a smaller, more connected world, we can’t just put technology back in a box, we can’t just put walls up all around America. Walls don’t keep out threats like terrorism or disease – and that’s why we propose leading our alliances and helping other countries develop, and pushing back against tyrants. And Democrats talk about reforming our immigration so, yes, it is orderly and it is fair and it is legal, but it continues to welcome strivers and dreamers from all around the world. That’s why I’m a Democrat, that’s the set of ideas that I believe in. Oh, I am here to tell you that even if you don’t agree with me or Democrats on policy, even if you believe in more Libertarian economic theories, even if you are an evangelical and our position on certain social issues is a bridge too far, even if you think my assessment of immigration is mistaken and that Democrats aren’t serious enough about immigration enforcement, I’m here to tell you that you should still be concerned with our current course and should still want to see a restoration of honesty and decency and lawfulness in our government.

It should not be Democratic or Republican, it should not be a partisan issue to say that we do not pressure the Attorney General or the FBI to use the criminal justice system as a cudgel to punish our political opponents.

Or to explicitly call on the Attorney General to protect members of our own party from prosecution because an election happens to be coming up. I’m not making that up. That’s not hypothetical. It shouldn’t be Democratic or Republican to say that we don’t threaten the freedom of the press because – they say things or publish stories we don’t like.

I complained plenty about Fox News – but you never heard me threaten to shut them down, or call them enemies of the people. It shouldn’t be Democratic or Republican to say we don’t target certain groups of people based on what they look like or how they pray. We are Americans. We’re supposed to standup to bullies.

Not follow them.

We’re supposed to stand up to discrimination. And we’re sure as heck supposed to stand up, clearly and unequivocally, to Nazi sympathizers.

How hard can that be? Saying that Nazis are bad. I’ll be honest, sometimes I get into arguments with progressive friends about what the current political movement requires. There are well-meaning folks passionate about social justice, who think things have gotten so bad, the lines have been so starkly drawn, that we have to fight fire with fire, we have to do the same things to the Republicans that they do to us, adopt their tactics, say whatever works, make up stuff about the other side. I don’t agree with that. It’s not because I’m soft. It’s not because I’m interested in promoting an empty bipartisanship. I don’t agree with it because eroding our civic institutions and our civic trust and making people angrier and yelling at each other and making people cynical about government, that always works better for those who don’t believe in the power of collective action.

You don’t need an effective government or a robust press or reasoned debate to work when all you’re concerned about is maintaining power. In fact, the more cynical people are about government and the angrier and more dispirited they are about the prospects for change, the more likely the powerful are able to maintain their power. But we believe that in order to move this country forward, to actually solve problems and make people’s lives better, we need a well-functioning government, we need our civic institutions to work. We need cooperation among people of different political persuasions. And to make that work, we have to restore our faith in democracy. We have to bring people together, not tear them apart. We need majorities in Congress and state legislatures who are serious about governing and want to bring about real change and improvements in people’s lives.

And we won’t win people over by calling them names, or dismissing entire chunks of the country as racist, or sexist, or homophobic. When I say bring people together, I mean all of our people. You know, this whole notion that has sprung up recently about Democrats need to choose between trying to appeal to the white working class voters, or voters of color, and women and LGBT Americans, that’s nonsense. I don’t buy that. I got votes from every demographic. We won by reaching out to everybody and competing everywhere and by fighting for every vote.

And that’s what we’ve got to do in this election and every election after that.

And we can’t do that if we immediately disregard what others have to say from the start because they’re not like us, because they’re not — because they’re white or they’re black or they’re men or women, or they’re gay or they’re straight; if we think that somehow there’s no way they can understand how I’m feeling, and therefore don’t have any standing to speak on certain matters because we’re only defined by certain characteristics.

That doesn’t work if you want a healthy democracy. We can’t do that if we traffic in absolutes when it comes to policy. You know, to make democracy work we have to be able to get inside the reality of people who are different, have different experiences, come from different backgrounds. We have to engage them even when it is frustrating; we have to listen to them even when we don’t like what they have to say; we have to hope that we can change their minds and we have to remain open to them changing ours.

And that doesn’t mean, by the way, abandoning our principles or caving to bad policy in the interests of maintaining some phony version of  “civility.” That seems to be, by the way, the definition of civility offered by too many Republicans: We will be polite as long as we get a hundred percent of what we want and you don’t callus out on the various ways that we’re sticking it to people. And we’ll click our tongues and issue vague statements of disappointment when the President does something outrageous, but we won’t actually do anything about it. That’s not civility. That’s abdicating your responsibilities.

But again I digress. Making democracy work means holding on to our principles, having clarity about our principles, and then having the confidence to get in the arena and have a serious debate. And it also means appreciating that progress does not happen all at once, but when you put your shoulder to the wheel, if you’re willing to fight for it, things do get better. And let me tell you something, particularly young people here. Better is good. I used to have to tell my young staff this all the time in the White House. Better is good. That’s the history of progress in this country. Not perfect. Better. The Civil Rights Act didn’t end racism, but it made things better. Social Security didn’t eliminate all poverty for seniors, but it made things better for millions of people.

Do not let people tell you the fight’s not worth it because you won’t get everything that you want. The idea that, well, you know there’s racism in America so I’m not going to bother voting. No point. That makes no sense. You can make it better. Better’s always worth fighting for. That’s how our founders expected this system of self-government to work; that through the testing of ideas and the application of reason and evidence and proof, we could sort through our difference sand nobody would get exactly what they wanted, but it would be possible to find a basis for common ground.

And that common ground exists. Maybe it’s not fashionable to say that right now. It’s hard to see it with all the nonsense in Washington, it’s hard to hear it with all the noise. But common ground exists. I have seen it.I have lived it. I know there are white people who care deeply about black people being treated unfairly. I have talked to them and loved them. And I know there are black people who care deeply about the struggles of white rural America. I’m one of them and I have a track record to prove it

I know there are evangelicals who are deeply committed to doing something about climate change. I’ve seen them do the work. I know there are conservatives who think there’s nothing compassionate about separating immigrant children from their mothers. I know there are Republicans who believe government should only perform a few minimal functions but that one of those functions should be making sure nearly 3,000 Americans don’t die in a hurricane and its aftermath.

Common ground’s out there. I see it every day. Just how people interact, how people treat each other. You see it on the ball field. You see it at work. You see it in places of worship. But to say that a common ground exists doesn’t mean it will inevitably win out. History shows the power of fear. And the closer that we get to Election Day, the more those invested in the politics of fear and division will work, will do anything to hang on to their recent gains.

Fortunately I am hopeful because out of this political darkness I am seeing a great awakening of citizenship all across the country. I cannot tell you how encouraged I’ve been by watching so many people get involved for the first time, or the first time in a long time. They’re marching and they’re organizing and they’re registering people to vote, and they’re running for office themselves. Look at this crop of Democratic candidates running for Congress and running for governor, running for the state legislature, running for district attorney, running for schoolboard. It is a movement of citizens who happen to be younger and more diverse and more female than ever before, and that’s really useful.

We need more women in charge. But we’ve got first-time candidates, we’ve got veterans of Iraq and Afghanistan, record numbers of women — Americans who previously maybe didn’t have an interest in politics as a career, but laced up their shoes and rolled up their sleeves and grabbed a clipboard because they too believe, this time’s different; this moment’s too important to sit out. And if you listen to what these candidates are talking about, in individual races across the country, you’ll find they’re not just running against something, they are running for something. They’re running to expand opportunity and they’re running to restore the honor and compassion that should be the essence of public service.

And speaking as a Democrat, that’s when the Democratic Party has always made the biggest difference in the lives of the American people, when we led with conviction and principle and bold new ideas. The antidote to a government controlled by a powerful fear, a government that divides, is a government by the organized, energized, inclusive many. That’s what this moment’s about. That has to be the answer. You cannot sit back and wait for a saviour. You can’t opt out because you don’t feel sufficiently inspired by this or that particular candidate. This is not a rock concert, this is not Coachella. You don’t need a messiah. All we need are decent, honest, hardworking people who are accountable – and who have America’s best interests at heart.

And they’ll step up and they’ll join our government and they will make things better if they have support. One election will not fix everything that needs to be fixed, but it will be a start. And you have to start it. What’s going to fix our democracy is you.

People ask me, what are you going to do for the election? No, the question is: What are you going to do? You’re the antidote. Your participation and your spirit and your determination, not just in this election but in every subsequent election, and in the days between elections.

Because in the end, the threat to our democracy doesn’t just come from Donald Trump or the current batch of Republicans in Congress or the Koch Brothers and their lobbyists, or too much compromise from Democrats, or Russian hacking. The biggest threat to our democracy is indifference. The biggest threat to our democracy is cynicism – a cynicism that’s led too many people to turn away from politics and stay home on Election Day. To all the young people who are here today, there are now more eligible voters in your generation than in any other, which means your generation now has more power than anybody to change things. If you want it, you can make sure America gets out of its current funk. If you actually care about it, you have the power to make sure we seize a brighter future. But to exercise that clout, to exercise that power, you have to show up.

In the last midterms election, in, fewer than one in five young people voted. One in five. Not two in five, or three in five. One in five. Is it any wonder this Congress doesn’t reflect your values and your priorities? Are you surprised by that?

This whole project of self- government only works if everybody’s doing their part. Don’t tell me your vote doesn’t matter. I’ve won states in the presidential election because of five, ten, twenty votes per precinct. And if you thought elections don’t matter, I hope these last two years have corrected that impression.

So if you don’t like what’s going on right now — and you shouldn’t — do not complain. Don’t hashtag. Don’t get anxious. Don’t retreat. Don’t binge on whatever it is you’re bingeing on. Don’t lose yourself in ironic detachment. Don’t put your head in the sand. Don’t boo. Vote.

Vote. If you are really concerned about how the criminal justice system treats African-Americans, the best way to protest is to vote – not just for Senators and Representatives, but for mayors and sheriffs and state legislators. Do what they just did in Philadelphia and Boston, and elect state’s attorneys and district attorneys who are looking at issues in a new light, who realize that the vast majority of law enforcement do the right thing in a really hard job, and we just need to make sure that all of them do. If you’re tired of politicians who offer nothing but “thoughts and prayers” after amass shooting, you’ve got to do what the Parkland kids are doing. Some of them aren’t even eligible to vote, yet they’re out there working to change minds and registering people, and they’re not giving up until we have a Congress that sees your lives as more important than a campaign check from the NRA.

You’ve got to vote.If you support the MeToo movement, you’re outraged by stories of sexual harassment and assault inspired by the women who shared them, you’ve got to do more than retweet a hashtag. You’ve got to vote.

Part of the reason women are more vulnerable in the workplace is because not enough women are bosses in the workplace – which is why we need to strengthen and enforce laws that protect women in the workplace not just from harassment but from discrimination in hiring and promotion, and not getting paid the same amount for doing the same work. That requires laws. Laws get passed by legislators.

You’ve got to vote. When you vote, you’ve got the power to make it easier to afford college, and harder to shoot up a school. When you vote, you’ve got the power to make sure a family keeps its health insurance; you could save somebody’s life. When you vote, you’ve got the power to make sure white nationalists don’t feel emboldened to march with their hoods off or their hoods on in Charlottesville in the middle of the day.

Thirty minutes. Thirty minutes of your time. Is democracy worth that? We have been through much darker times than these, and somehow each generation of Americans carried us through to the other side. Not by sitting around and waiting for something to happen, not by leaving it to others to do something, but by leading that movement for change themselves. And if you do that, if you get involved, and you get engaged, and you knock on some doors, and you talk with your friends, and you argue with your family members, and you change some minds, and you vote, something powerful happens.

Change happens. Hope happens. Not perfection. Not every bit of cruelty and sadness and poverty and disease suddenly stricken from the earth. There will still be problems. But with each new candidate that surprises you with a victory that you supported, a spark of hope happens. With each new law that helps a kid read or helps a homeless family find shelter or helps a veteran get the support he or she has earned, each time that happens, hope happens. With each new step we take in the direction of fairness and justice and equality and opportunity, hope spreads.

And that can be the legacy of your generation. You can be the generation that at a critical moment stood up and reminded us just how precious this experiment in democracy really is, just how powerful it can be when we fight for it, when we believe in it. I believe in you. I believe you will help lead us in the right direction. And I will be right there with you every step of the way. Thank you, Illinois. God bless. God bless this country we love. Thank you. ##

The USA Today story that provided that transcript, is linked here.

The link to the video and commentary from POTUS Trump’s speech last night, is linked below. “We Provide, You Decide.” ©.

“Growth,” “Fight on to Victory,” “One People, One Family, and One Glorious Nation Under God”

 

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The Daily Business News on MHProNews has noted several times of the importance that CNNmoney7.6.2018ManufacturedHomeStocksMarketsReportsMHProNewsFacebook has for marketers, and others in the industry. More hearings on Capitol Hill, plus impact of the stock on the markets. It’s a technical, traders look, and will be our featured report for this evening.

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Selected headlines and bullets from CNN Money:

  • Twitter bans Alex Jones and InfoWars
  • The NFL kicks off tonight. Will its ratings take another hit this season?
  • Amazon is 20,000 vans closer to replacing the post office
  • CBS reportedly negotiating exit for CEO Les Moonves
  • New job not working out? Your employer may pay you to leave
  • Emerging markets look sick. Will they infect Wall Street?
  • Amway co-founder Richard DeVos dies at 92
  • IBM is betting big on blockchain technology. Is it worth the risk?
  • New York Times rivals react to explosive anonymous op-ed
  • Barnes & Noble is in big trouble in more than one way
  • Why Wall Street shouldn’t worry about the trade war
  • Uber’s new tool detects unexpected stops and suspected car crashes
  • Curbing carbon emissions could boost the economy way more than doing nothing
  • PepsiCo is launching an accelerator program
  • Senators blast Google for no-show on Capitol Hill
  • The story behind the New York Times’ anonymous op-ed blasting Trump
  • Trump says the NYT should hand over its source. That’s preposterous
  • Nike will run a Colin Kaepernick ad during the NFL season opener
  • Lyft launches a scooter service. Uber is close behind
  • Papa John’s exec abruptly steps down
  • Bernie Sanders’ ‘Stop BEZOS’ bill targets worker pay at Amazon and Walmart
  • What Ellen DeGeneres means to Walmart
  • Amazon’s joined Apple in the trillion dollar club. Up next? $2 trillion
  • Amazon will now let Indians shop in Hindi
  • Jeff Bezos donates $10 million to group that helps veterans get elected
  • Siemens warns of dangers of xenophobia after violent protests in Germany
  • A North Dakota golf course is dropping burgers from a drone
  • NFL could pocket billions from the coming boom in sports gambling
  • Find out your colleague makes more? Try this
  • Do eye contact or weird looks count as discrimination?
  • How power changes the CEO brain
  • Silicon Valley startup Theranos is shutting down for good
  • Caver’s lawyer: Musk’s accusations ‘vile and false’
  • Amazon becomes America’s second $1 trillion company
  • Being rude can get you kicked off Uber in Australia
  • com CEO was arrested on suspicion of rape
  • How Richard Liu built JD.com into a $45 billion tech giant
  • Former Facebook exec: America is under attack

Selected headlines and bullets from Fox Business:

  • What aerial photos can tell us about Tesla’s sales
  • CBS board discussing Moonves exit, a clearer way for a sale
  • August jobs report: Have we maxed out employment creation?
  • Stocks mixed as traders digest economic data, eye trade developments
  • Americans should consider retiring in these countries
  • The fuzzy math behind California’s renewable energy push
  • This is how Texas plans to kill ObamaCare
  • Starbucks’ first store in Italy will serve pizza and gelato
  • The pitfalls of early retirement that no one is telling you
  • Pizza Hut ready for NFL kickoff after Papa John’s fumble
  • Ford recalls 2 million F-150 pickups over seat belt fire concerns
  • Former Starbucks CEO continues to hint at future in politics
  • Hall of Famer Rick Pitino angry over FBI probe, NCAA decision
  • Everything you should know about the second round of tax cuts
  • Want to travel to an NFL game this weekend? Here are the best deals
  • Wells Fargo banking unit probed for employee fraud: Report
  • ‘Run for the Cure’: Susan G. Komen CEO Linda Tantawi
  • Thousands of flooded cars are refurbished and sold: Here’s how to avoid that trap
  • NFL thriving despite Colin Kaepernick: Tiki Barber
  • 4 tips on making the most money selling your home
  • JetBlue increases fees for checked bags
  • Used-car price index hits record high
  • Richard DeVos, Amway co-founder and Orlando Magic owner, dead at 92
  • CBS board discussing Moonves exit, a clearer way for a sale
  • Richard DeVos, Amway co-founder and Orlando Magic owner, dead at 92
  • NFL thriving despite Colin Kaepernick: Tiki Barber
  • Ford recalls 2M pickup trucks; seat belts can cause fires
  • Stumpy’s Hatchet House: How to throw a hatchet
  • From tennis court to boardroom: How Maria Sharapova does business
  • America’s Best 401(k) adds Salesforce CEO, M13 founder to board of directors
  • For many young investors, the stock market’s only gone up
  • Record number of 401(K) millionaires

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.6.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.6.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

FacebookBigHitTroubleAheadMarketsDailyBusinessNewsMHProNews

Todd Gordon, founder of TradingAnalysis, talks about an opportunity in the sell-off of Facebook that is underway. The stock is certainly “technically damaged,” Gordon said today on CNBC’s Trading Nation.

I see no reason that we shouldn’t be able to go back and retest the $150 mark, which was the old low here from April of 2018. There’s a lot of momentum here,” Gordon said, implying an 8 percent drop from the stock’s current levels.

There’s also the September before the midterms.  This is a month that often has headwinds, as investors try to read the tea leaves as to what the political winds will bring.

A recent report on the tech giants is linked below.

Tucker’s “Tech Tyranny,” Luther Lowe-SVP Public Policy@Yelp, Author Scott Clelan, “Should Government Intervene?”

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

Texas Commission Talks West Texas Oil Boom, Plus Manufactured Home Market Updates

July 10th, 2018 Comments off

CNNDowJonesIndustrialAverage7102018ManufacturedHousingIndustryDailyBusinessNewsMHproNewsWest Texas. South Dakota. Louisiana. Oklahoma. These are just some of the places that oil, natural gas, and energy have and are creating or supporting jobs that have sold thousands upon thousands of factory built housing units. Tonight’s spotlight focus is an interview with the Texas Commissioner who keeps his eye on the oil industry there.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” ©  It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Univision flip flops on digital strategy, explores sale of Gizmodo and The Onion
  • Trump launches new tariffs on China
  • Tax cut triggers $437 billion explosion of stock buybacks
  • Tesla is going big in China
  • Wall Street has Trump whiplash
  • Trump slashes funding that helps people sign up for Obamacare
  • China is owning the future of cars. German automakers want in
  • The oil market’s shock absorbers are nearly gone
  • Facebook will chip in for users’ birthday fundraisers
  • Microsoft unveils Surface Go to take on iPad
  • Whole Foods announces its Prime Day deal
  • The last Sears in Chicago is closing
  • The United States could be spared the worst in a trade war
  • Why Corporate America is recruiting high schoolers
  • Tesla raises prices in China by 20% in response to tariffs
  • India’s tech firms grow in popularity with country’s grads
  • How Thailand became the ‘Detroit of Asia’
  • These are banned in some cities. The company is valued at $2B
  • Russian company had access to Facebook user data through apps
  • Bitcoin is down 66%. But it still may be the future of money
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Bitcoin prices have been manipulated, study says
  • Russian farmers are ditching the ruble for a new cryptocurrency
  • Bitcoin could ‘bring the internet to a halt,’ banking group warns
  • Smucker is saying goodbye to Pillsbury and its doughboy
  • Pepsi stock pops on strong snack sales
  • Starbucks is removing plastic straws from stores
  • What’s killing Big American Beer?

 

Select Bullets from Fox Business

  • Trump preparing additional tariffs on $200B in Chinese goods
  • The U.S. revealed a list of Chinese goods it will target.
  • Stocks extend winning streak with economy in focus
  • Americans quitting their jobs for better opportunities
  • The ETF market could get a lot bigger – here’s why
  • Some tips for saving on prescription drug costs
  • Oil industry building pipelines to address America’s biggest energy roadblock
  • The big money behind Trump’s Supreme Court pick
  • A deeply conservative political group spent more than $1 million on ad campaigns.
  • Tax law mistake hurting retailers, restaurants
  • This Honda lawn mower will go 150 mph
  • Trump bashes NATO members: Who pays what?
  • Panthers ‘obligated’ to keep Jerry Richardson statue, new owner David Tepper says
  • Yankees’ Cashman, Arizona Cardinals owner back Trump’s Supreme Court pick
  • Used-car prices keep climbing
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Global businesses look to this company for help navigating tariffs
  • Walmart set to enter New York City, but not its stores

 

Today’s markets and stocks, at the closing bell…

 YahooClosingMarketsTickers7102018DailyBusinessNewsMHProNews

Manufactured Housing Composite Value (MHCV)

ManufacturedHousingCompositeIndexManufacturedHomeIndustryDailyBusinessNews7102018

One month of data.

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Today is the 4th day of rising markets, as investors are beginning to shrug of the tough talk on trade wars.  But will the announcement of another $200 billion in tariffs targeting China announced late today impact traders?  Time will tell.   A spotlight on Sun Communities is found, linked below.

Forbes Boast$ about Manufactured Home Community Operation

But tonight’s focus is West Texas oil.

Texas Railroad Commissioner Ryan Sitton on efforts to boost pipeline capacity to keep up with drilling at the Permian Basin.  Sitton is the Texas official charged with keeping tabs on the oil industry, and he admits that the supply is outpacing oil pipeline capacity.  He says that that will be corrected through construction in the next 12 to 24 months.

 

As crude oil prices rise over a range of issues, including tensions with Iran, and Russia, U.S production will be ever more important. Another item to keep an eye on for the industry will be when activity starts taking place in ANWAR – which was opened up by legislation enacted by the Trump Administration. That might, just might, cause a wave of factory built homes moving “north to Alaska” at that time.

RyanSittonTexasRailroadCommissionManufacturedHousingINdustryDailyBusinessNewsMHprONews

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

BloombergWatchlist7102018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

U.S. vs China, SCOTUS Pick, Biz Effects, and MH Market Updates

July 9th, 2018 Comments off

CNNmoney7.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsBefore diving into tonight’s feature, millions will tune in tonight to see who President Donald J. Trump will nominate to replace retiring Justice Anthony “Tony” Kennedy on the Supreme Court of the United States (SCOTUS). Some have speculated on a variety of supposed top contenders. An interesting op-ed by Senator Orin Hatch May provide a clue, when it uses the pronoun “she” to describe the pending nominee. 

According to the often-announced plan, sometime after 9 PM ET, the nation will know.

That said, beyond the data for today’s tracked manufactured home industry connected equities, the focus for tonight’s is what Fox Business called a “risky” trade war.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • The product is banned in some cities. The company is valued at $2 billion
  • Sell tech: Morgan Stanley’s warning to investors
  • Disney set to nab 700 million viewers in India
  • Samsung goes big in India with ‘world’s largest mobile factory’
  • Is HBO the next Netflix?
  • Tencent Music could reach $30 billion valuation in US IPO
  • Inside Adidas’ vision for the future
  • Driving the Subaru 360, one of the worst cars ever sold in America
  • ‘Ant-Man and the Wasp’ marks Marvel’s 20th straight No. 1 opening
  • Tariffs cast a shadow as earnings season begins
  • US soybean farmers say China tariffs could result in ‘serious damage’
  • Chicken nuggets, avocados and whiskey. The trade war is making 1,300 products more expensive
  • 4 ways to make your workday more productive
  • What we lose when we let Trump’s tweets and insults take over the news
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Sonos prepares to go public
  • ‘Ant-Man and the Wasp’ caps off Marvel’s blockbuster year
  • Uber and Lyft want to be about so much more than cars
  • Samsung’s run of record profits fizzles out
  • Having more control over your data doesn’t mean it’s safe
  • China says the US has started ‘the biggest trade war’ in history
  • Google’s eerily human phone bot is ready for the real world
  • Boeing’s hypersonic passenger plane could get you from New York to London in 2 hours
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • The new Fox will be a sports and entertainment hub
  • MoviePass rolls out surge pricing
  • Another strong jobs report. Here’s why unemployment jumped
  • Mall vacancies hit six-year high
  • Trump calls journalists ‘bad people’ at rally a week after newsroom shooting
  • Is this the future of home renovation?
  • Amazon could radically change how you get prescriptions
  • These gadgets could transform the lives of visually impaired people
  • Jaguar Land Rover: Brexit threatens our plan to spend $100 billion in the UK

Selected headlines and bullets from Fox Business:

  • Trump rips Pfizer for raising drug prices
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Stock rally continues following jobs report
  • The next recession: When, and why it will happen
  • Chinese customs clears some US goods as new tariffs take effect: sources
  • Amazon Prime Day 2018: How to score the best deals
  • Trump’s Supreme Court nominee will be ‘outstanding’: former clerk for Justice Scalia
  • Starbucks is officially going strawless
  • Twitter stock falls as company tackles fake accounts
  • This new game show will pay off your student loan debt
  • Economists understating US GDP
  • Will Elon Musk’s ‘kid submarine’ be used in Thai rescue?
  • War on straws: 5 eco-friendly alternatives to plastic
  • AT&T to overhaul HBO, add more original content: report
  • Trump feeds on the rage of opponents: Varney
  • Elvis, Beatles memorabilia items on display at Hard Rock
  • Twitter stock falls as company tackles fake accounts[overlay type]
  • Twitter stock falls as company tackles fake accounts
  • Why Advanced Micro Devices Stock Gained 59% So Far in 2018
  • How Pandora Media Inc. Shares Soared 63.5% Higher in the First Half of 2018
  • A solid first-quarter report was music to the ears of success-starved shareholders.

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.9.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.9.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

It may surprise some to learn that a third-party research found that Fox News is roughly a 50-50 split on coverage that is for-or-against the president and Trump Administration policies.

Seriously?

While many Fox News and Fox Business hosts are pro-POTUS Trump, not all are.

Further, many of the shows feature panel discussion, where they bring in Democratic, or so-called RINO, and “never Trump” backers.

 

The video above is an example of a report that is largely negative about the Trump trade gambit. It isn’t until the very end of the video that you get a sense of why the president is taking this tactic in the first place.

The interview with Forbes’ Steve Forbes is also tentative about the issue of trade.

But there are voices in the business world that think that this is precisely the right strategy, and it is the right time, because there is a nice cushion fueled by more jobs, rising wages, lower taxes, more common sense regulations and the like.

Time will tell.  But as Marty Lavin, or CNBC’s Cramer have observed, the time is right for this battle. If not now, when will the U.S. stand up to China’s theft of intellectual property, or other problematic trade practices?

USChinaTradeWarManufacturedHousingIndustryDailyBusinessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

Record Employment, Rising Popularity, Plus Manufactured Housing Industry Connected Stocks, Evening Market Report

July 6th, 2018 Comments off

CNNmoney7.6.2018ManufacturedHomeStocksMarketsReportsMHProNewsA new Reuters Ipsos poll tells the Daily Business News that the top two issues for most voters in the approaching midterms will be employment and immigration. Even as the long-awaited tariffs between the U.S. and China both kicked in today, a series of positive jobs data sparked a rise in the markets.  These will be part of our evening ‘what’s driving the market’ snapshot.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Driving the Subaru 360, one of the worst cars ever sold in America
  • Adidas’ vision for the future: Personalization, fast
  • ‘Ant-Man and the Wasp’ caps off Marvel’s blockbuster year
  • Sonos warns about trade war as it prepares to go public
  • Another strong jobs report. Here’s why unemployment jumped
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Samsung’s run of record profits fizzles out
  • Can Chinese smartphone giant Xiaomi survive a trade war?
  • Having more control over your data doesn’t mean it’s safe
  • Airbus CEO: The UK has ‘no clue’ on Brexit
  • Brexit nightmare is coming true for business
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • MoviePass rolls out surge pricing
  • Trump calls journalists ‘bad people’ at rally a week after newsroom shooting
  • Even the gig economy has a wage gap
  • The wage gap starts earlier than you might think
  • Global employment is rising. Salaries not so much
  • China’s ZTE names new CEO as it races to meet US demands
  • Air India now flies to ‘Chinese Taipei,’ not Taiwan
  • Singapore says Uber may have to unwind merger with rival
  • Is this the future of home renovation?
  • Amazon could radically change how you get prescriptions

Selected headlines and bullets from Fox Business:

  • Why higher unemployment signals a strengthening economy
  • June jobs growth jumps with 213K jobs added
  • US stock market gaining, despite US-China trade war
  • Jobs report could signal a ‘stampede’ back into the workforce
  • Hilsenrath on jobs: It’s a good report, economy is on solid footing
  • ‘Ghosting’ – what it is, what it means for US economy
  • Tariffs on Chinese goods now in effect
  • Why didn’t many retirees see a Social Security increase?
  • IRS may deny 362,000 Americans passports for unpaid taxes
  • Texas gas stations to pay back customers for Hurricane Harvey price-gouging
  • Musk sends engineers to help Thai boys trapped in cave
  • Sonos files for IPO
  • Micron vs. China: A battle hitting America’s heartland
  • Biogen shares surge on positive results of Alzheimer’s drug test
  • Ford, GM assess China tariff impact on prices
  • Why AT&T could become the next online advertising giant
  • Stocks that moved substantially or traded heavily Friday: Biogen Inc., up $58.67 to $357.48

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.6.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.6.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

The Drudge Report mined the following headlines today.

James Carville’s famous line, “it’s the economy, stupid.” is the counterpoint to his equally infamous, and prejudicial “trailer park” line.  It’s a classic example of the necessity for discernment, for sifting the wheat from the chaff that MHProNews believes is essential for understanding the industry’s realities today.

Wheat, Chaff, and the Monday Morning Manufactured Housing Sales, Marketing Meeting

Publicly traded manufactured home producers routinely point in their quarterly and/or annual reports how rising employment and rising pay are good for new home sales.  Duh, of course, right?

JuneJobsReportCNBCWHeretheJobsAreOneGraphic

The jobs growth are in areas that President Obama in his waning days before the 2016 election said would not be coming back. One of the drivers for the Trump team is to prove that their policies are good for the people, business and the nation at large.

The latest Reuters Ipsos poll could, of course, shift between now and the midterms. But the two hot topics, according to other polls, tell us these are issues that should play well for President Donald J. Trump and his party’s partisans.

ReutersIpsosPollManufacturedHousingIndustryDailyBusinessNewsMHProNews

For those who watch a Trump rally with an open mind, it has a similar feel to the ones in 2016, with one key difference.  Then, those rallies were about promises being made.  Now, they are about the results of promises being kept.

RecordEmploymentRisingPopularityPlusManufacturedHousingIndustryConnectedstocksEveningMarketReport

Workers and most businesses alike have reason to smile.  The anti-Trump resistance isn’t giving up.  It will be an interesting, perhaps historic ride to the midterms.

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Tricon closed its sale of manufactured home communities, so TCN is now de-listed from our manufactured housing industry connected equities.

Sale of $172 Million Manufactured Home Community Portfolio Completed

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

On Eve of Tariffs, China Has World’s Worst Market, Plus MH Market Updates

July 5th, 2018 Comments off

CNNmoney7.5.2018ManufacturedHomeStocksMarketsReportsMHProNewsOn the eve of the implementation of tariffs on China by the Trump Administration, “trade war” leery investors apparently realized that the tech sector will benefit. The Dow rose by over 180.  The headline, will be our market focus tonight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

 

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • MoviePass introduces surge pricing
  • The new Fox will be a sports and entertainment hub
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • China’s ZTE names new CEO as it races to meet US demands
  • Why Air India isn’t flying to Taiwan anymore
  • Brexit nightmare is coming true for business. It needs a plan NOW
  • The wage gap starts earlier than you might think
  • Having more control over your data doesn’t mean it’s safe
  • Singapore says Uber may have to unwind merger with rival
  • Jaguar Land Rover: Brexit threatens our plan to spend $100 billion in the UK
  • Ed Schultz, veteran broadcaster and former MSNBC host, dies at 64
  • Is this the future of home renovation?
  • These gadgets could transform the lives of visually impaired people
  • Malaysia halts a big China-backed infrastructure project
  • WhatsApp fights hoax messages in India after rumors lead to killings
  • 22 Brexit questions no one can answer
  • US gives China’s ZTE some breathing room
  • MoviePass is running out of money
  • Mall vacancies hit six-year high
  • Global employment is rising. Salaries not so much
  • Analysis: Separating facts and Trump’s fictions
  • Capital Gazette staffers lead July 4 parade while publisher plans next steps
  • She started a newspaper that helps Ohio’s inmates rebuild their lives
  • Despite lessons from the past, US cities are optimistic for the 2026 World Cup
  • What’s killing Big American Beer?
  • A guide to making friends at work

Selected headlines and bullets from Fox Business:

  • Stocks rise following latest economic data
  • Aramco massive IPO now appears highly unlikely: report
  • Oil slides following US inventory update
  • Higher state taxes, not OPEC, boosting gas prices?
  • June jobs report preview: What could spook the markets?
  • Nathan’s Hot Dog Eating Contest mulls tech overhaul after scoring mistakes
  • Chick-Fil-A ranked top fast-food restaurant in customer satisfaction
  • Soccer star Ronaldo in talks for Facebook reality series: report
  • Germany willing to cut tariffs on US cars, lifting automakers’ shares
  • Micron vs. China: A battle hitting America’s heartland
  • Netflix testing higher-priced ‘Ultra’ subscription plan: report
  • Why AT&T could become the next online advertising giant
  • Regular coffee intake can increase longevity: Dr. Siegel
  • Businesses hit pause on spending amid trade uncertainty: Fed minutes
  • Who is EPA’s Andrew Wheeler?
  • Manufacturing’s future is where the jobs are: Johnson Controls CEO
  • Former Fox News executive Bill Shine joins White House in senior communications role
  • Abolishing ICE? Here’s the price tag

 

Today’s markets and stocks, at the closing bell…

 

 9MarketIndicatorsYahooFinance7.5.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.5.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

CNBC reported that the weakest global stock market at present is China’s. The tariffs and trade skirmish with the Trump Administration is taking its toll. So while the talk is tough on both sides, there are a growing number of market watchers who believe that the Trump Administration is on the right path.

CNBC reported that the weakest global stock market at present is China’s. The tariffs and trade skirmish with the Trump Administration is taking its toll. So while the talk is tough on both sides, there are a growing number of market watchers who believe that the Trump Administration is on the right path.

Perhaps related, 1/3 of China’s millionaires want to move, per a new survey in that nation. Their top place they’d like to move with their money? The U.S. 

The video from Fox Business below focuses on trade, but it makes another point that those who may not yet understand the tax cuts can perhaps appreciate. People are leaving high tax New Jersey for no income tax Florida. That’s what was happening internationally for years. 

High U.S. taxes were driving businesses overseas. 

HowTariffsWorkMarketBusinessNewsDailyBusinessNewsMHProNews

The Trump Administration has reversed that course. The result?  Hundreds of billions came pouring back into the U.S. during the first quarter. The U.S. currently has the strongest stock market in the world, per various reports. In turn, those dollars are being invested in U.S. businesses, including those in the factory built housing sector.  

See the related report, linked below.

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.5.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

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

July 5th, 2018 Comments off

RichardGenzWhyAdvocatesNeedRethinkManufacturedHomeQualityHarvardGSEHighSatisfactionDailyBusinessNewsMHProNews

There are those who slam manufactured housing as being less expensive due to inferior quality. But a “Harvard study refutes that, labeling as “exaggerated” the “concerns about the difference between manufactured homes…and [homes] built to applicable local building codes” (Vermeer and Louie 1995, section IV, 2). The study found that code standards have little to do with manufactured housing’s price advantage.”

 

So wrote Richard Genz in a 22 page research report on manufactured homes for a foundation for a Government Sponsored Enterprise (GSE).

The document also stated that:

Housing advocates might find it surprising to walk through a couple of new homes at a dealer’s lot, keeping the monthly payment in mind and mentally comparing the local rental stock available for the same price. Interiors have good light. Insulation standards are solid. Floor plans have come a long way from the time when residents said that living in a mobile home was like living in a hallway.”

RichardGenzManufacturedHousingIndustryDailyBusinessNewsMHproNewsWhy take a flashback look now at the 2001 report by Richard Genz for Housing & Community Insight?

Because the report was done for the Fannie Mae Foundation.

It cited sources such as Harvard, Foremost Insurance – plus other third-party, often peer-reviewed – researchers.

While some of the data points have shifted since Genz penned them, it has generally been improvements in the manufactured home product quality, as the Manufactured Housing Improvement Act of 2000 standards have fully kicked in since Genz published his insightful work.

It’s equally valid to review this now, given the arguable short-shrift Fannie Mae has been giving to the legally mandated Duty to Serve (DTS) implementation. Compare what Genz said then, vs. what Sarah Edelman recently wrote. That linked report below, which includes Edelman’s article for Fannie Mae, can be read later for greater depth of understanding.

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

Further, because the HUD Code and new home standards keep improving, what was true when Genz said it back then, is arguably as or more accurate now.

NewDurhamEstatesSouthManufacturedHomeLivingNewsDailyBusinessNewsMHProNEws

That said, the analysis that follows notes that while Genz often praised manufactured homes, he did not turn a blind eye to problems then existing in the industry. That too will be reviewed herein, because manufactured housing cleaned up key issues that Genz identified.

So, while the total numbers of residents and manufactured homes has grown since his report, and pricing has obviously changed, the percentage of savings remains the same. Then and now, the United States Census Bureau has noted consistently similar levels of statistical savings for decades.

SunCommunitiesSUI-InvestorPage11ManufacturedHomeVsSingleFamilyHousingManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

Graphic, data, per Sun Communities (SUI).

Thus for a variety of reasons, Genz’s 22 page document merit the careful consideration of the manufactured home industry’s:

  • professionals,
  • advocates,
  • public policy pros,
  • politicos,
  • and investors careful consideration.
SunCommunitiesSUI-InvestorPageComparetoMultiFamilyHousing10ManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

Graphic, data, per publicly-traded Sun Communities (SUI).  Note that Sun’s rental rates may be higher than some others in the industry..

With that introduction, the Daily Business News will review and analyze key highlights of what Genz unearthed.

It’s a potentially multiple billions of dollars worth of housing insights. Thus it’s a potentially rewarding, and highly insightful, reading experience.  As you read this analysis of Genz, keep the points previously shared in the report below in mind, which can be read or reviewed later for related insights.

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

 

Stigma and Manufactured Homes

Genz goes after the stigma attached to manufactured homes and their owners early, and often.

Here’s an example.

There is a palpable stigma attached to manufactured homes, dating back to when workers towing trailers moved from city to city, chasing jobs and crowding into muddy, unsanitary trailer parks… However, these serious shortcomings [in public policies, perceptions] are not inherent in the factory-built home itself. Rather, they are the product of laws, policy choices, and business practices that are selling millions of people short.”

Genz notes that while values weren’t the same, he explains that it was because of reasons not connected with the homes themselves.

That’s arguably a valid point then, and now.

The Fannie Mae Foundation researcher also noted that the net worth of manufactured home owners was dramatically higher – even then – than the $5,000 renting households average worth now have, per data cited repeatedly by HUD Secretary Ben Carson last year.

Median net worth is $59,000 for owners of manufactured homes, compared with $102,000 for all homeowners.”

Rephrasing that as a takeaway.  Those who own a manufactured home enjoy a significant improvement in their collective standard of living.  That’s a point that advocates like ROC USA, Prosperity Now (formerly known as CFED), or this trade publisher have often made.

Genz notes another point that MHLivingNews and MHProNews has hammered home repeatedly. It’s this.

One of the industry’s strong points is its appeal to distinctly different market segments. Owners tend to be either very young or elderly (Vermeer and Louie 1995). Although most buyers have low incomes, one segment of the market is quite well off: About 10 percent of manufactured home residents report a net worth of more than $250,000, and another 19 percent are worth more than $100,000 (Foremost Insurance Group 1999).”

Genz added to that point above, “Many of the owners with high net worth live in well- planned subdivision-style communities with recreation centers, pools, and even golf courses. These high-end communities demonstrate the potential of factory-built homes, but also represent a continuing shift away from the industry’s original focus on serving the affordable housing market.”

 

tristar-estates-bourbonnais-il-CreditMHC-MD-com, posted MHPorNews.com.

Arial photo credit, TriStar Estate, credit MHC-MD.com. Note that all of the illustrations shown were provided by MHProNews, not the original document written by Genz.

Stated differently, he makes sure that his readers know that manufactured homes are not just housing for the poor, or those who have no other options.

It’s a key factoid that some in the industry’s association world need to take notice of, and perhaps now will begin to do so?

Despite wide-spread perceptions of low quality and short life, Consumer Reports says that “manufactured housing can last as long as site-built housing,” (“Manufactured Housing ” 1998, 30).”

Readers should keep in mind that the improvements mandated by the industry-sought Manufactured Housing Improvement Act of 2000 (MHIA). So whatever concerns were noted then about installation have since been dealt with.

Industry professionals, policy wonks, officials, and advocates should note that it was the Manufactured Housing Association for Regulatory Reform (MHARR) that led-the-charge for the MHIA 2000. They did so by aligning the Texas Manufactured Housing Association’s leadership, and then finally found a change in leadership at the Manufactured Housing Institute (MHI) they could work with. That permitted the three to then advance the MHIA through Congress, per our sources.

That segue noted, the review of Genz’s fertile work continues.

Fresh, new, private living space; easy shopping and financing; adequate quality; and homeownership now add up to a powerful appeal, and with a little reflection, it becomes easier to see why manufactured homes have been chosen by an average of 29 percent of new home buyers every year since 1980 (Manufactured Housing Institute 2001).”

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

That was debatably the Manufactured Housing Institute (MHI) that was, prior to the power being exercised over the Arlington, VA based trade group by Berkshire Hathaway acquired Clayton Homes in 2003. Their related lenders were acquired too, as were several other industry connected suppliers and other firms since.

Instead of MHI’s allegedly weaponized ‘research’ and maneuvers to promote a controversial, “new class of homes,” and the like – why hasn’t MHI provided encouragement for more such independent study as Genz did?

Or why does MHI fail to publicly mine such useful research today?

Those questions noted, continuing with the Genz’s analysis, there are far more gems to discover.  They are potentially as useful now as then.

 

Not Enough Advocacy, Said Genz

RichardGenzHousingCommunityInsightLinkedInSydexManufacturedHousingIndustryDailyBusinessNewsMHProNews

Richard Genz.

Some consumer advocacy is taking place, but not much in view of the scale of the manufactured housing sector. Government, nonprofit, and philanthropic involvement is strikingly less than in the world of “real homes.”

When one ponders the foot-dragging by the GSEs, apparently brooked by the FHFA, this quote is also noteworthy: “…a majority of buyers have held the same job for 5 to 10 years, a Freddie Mac economist notes that “except for lower incomes, the profile of manufactured home buyers seeking financing does not appear to differ greatly from site-built loan borrowers” (Bradley 1997, 4).

Note that in a systematic fashion, Genz cited his third-party, often peer-reviewed sources. Again, as the Daily Business News analysis above noted, much of what has changed since 2001 have been equally well documented improvements.

So the case made by Genz is still useful.  It is also historic.

Genz provides an independent yardstick to see what the industry’s ‘leaders’ have or have not done.

 

Identifying Valid Concerns

For those who never knew or witnessed sellers loading up customers with years of insurance or credit life, etc. the next quote will be a dose of reality.

For those pros who will recall, it’s a blast-from-the-past that explains some of the stiff losses by the subprime lenders of that era. “[manufactured housing] retailers can and frequently do earn commissions, rebates, or other payments on loan originations, credit life insurance, property insurance, and other services arranged for at the time the loan is closed” (HUD and NAHB 2000, 41).”

That was then, not now. Thus the report by Genz isn’t all glowing, as he takes on some industry practices in lending, some that apparently had a level of MHI support.

Rephrased, this researcher for Fannie didn’t mind questioning MHI.

By contrast today, Fannie and MHI seem to be “playing footsie,” according to several sources in MHI.

Among the examples that have been cited by those sources, MHARR and others, is that Fannie is now a MHI member. Furthermore, Fannie and MHI have reportedly held closed door meetings, without producing for the public those meeting minutes.

What’s there to hide?

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

 

GSE Commitment Canceled?

As recently as last week, Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business at Fannie Mae and others there respectfully declined to provide minutes or any explanation of such meetings with MHI, in inquiries by this publication to the federally regulated mortgage giant.

Note that a communications team member committed to MHProNews that Edelman would answer several questions on-the-record.

Those promised replies to several specific inquiries were later delayed. Finally, the same communications team member at Fannie said they were not going to answer the questions asked.

Why not?

So much for transparency at Fannie today?

It is also worth mentioning for later review that House Financial Services Committee Chairman Jeb Hensarling has told MHProNews via a statement that he has serious concerns about lobbying by the GSE.  If so, that’s important because it would be in contravention to federal law while they are in receivership under FHFA. That related report can be reviewed later, and is linked below.

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

 

How Many Pre-HUD Code Mobile Homes?

Back to the research by Genz, he stated then that nearly 3 million pre-HUD Code mobile homes were still in service.

According to Gentz, “As many as 3 million homes in the nation’s current manufactured housing inventory were built be- fore the implementation of the HUD building code in 1976, when some homes had a useful life as short as 10 years (Meeks 1995; Vermeer and Louie 1995). Many of these were built in the boom years of 1968 through 1973, when 2.7 million new homes were sold.”

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

Make a habit of using the correct terminology.

Once more an aside is warranted. Because the data that Genz cited demonstrates that the Rollohome experience was not a one-off.

What occurred during the Rollohome era in terms of the rapid ramp up and production of more factory built housing pre-HUD Code could arguably be done today too.

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

Investors, public officials, advocates, and industry pros? Are you seeing how enormous the manufactured housing industry’s potential is? This is a theme that MHProNews and MHARR have said for years can be accomplished, because it has in fact already been previously proven to be doable.

Given the correct support, the 8.3 million housing unit shortages cited by Lawrence Yun at the National Association of Realtors (NAR) could rapidly be corrected. But if HUD Code producers don’t step up to the plate more seriously, other prefab builders cited at the end of this report have already said that they will.

Potentially tens to hundreds of billions of dollars in business annually is up for grabs.

Once more, it is almost inescapable how these facts point to what award-winning independent retailer Alan Amy said. Manufactured Housing could be the future, which is why he and others have said that the billionaires are gobbling up the industry’s assets.


Ouch, and another Ouch, but then…

Regarding gains or losses in value, “…Consumers Union reports that two-thirds of units depreciate. However, the converse is that one-third of manufactured homes have held their value or appreciated (“Manufactured Housing” 1998). Several other studies establish the simple fact that some manufactured homes increase in value, and some decline.

But Genz uses logic akin to what MHProNews has utilized, noting that “Research is needed to sort out the factors that cause values to go up or down. With better information, policies and practices that build wealth for owners of manufactured homes can be designed.

In fact, Genz has outlined several of the causes of a loss in value. He also suggested some of the keys to supporting value, like no more credit life or others previously noted.

Thus, the initial groundwork for more appreciation – which even the problematic Urban Institute report noted by the Daily Business News said is already underway – is now largely in place.

Rephrased, there are no valid reasons for the GSEs to slow-walk implementation of robust yet sustainable chattel and other manufactured home lending. There is no need for yet another apparent dodge, this time in the form of a MHI’s questionable “new class of homes.”

Secretive “NEW” Class of Manufactured Housing Raises Serious Concerns

So in retrospect, what Genz laid out was this.

marty-lavin-jd-manufacturedhomefinanceexpert-DailyBusinessNews-mhpronews

Marty Lavin, JD.

When insurance is loaded up on a contract at the time of sale, or prices may vary 5k-10k per identical homes in the same market, the natural outcome is those homes ‘lost’ value. That’s similar to concerns that MHI award winner Marty Lavin raised for years.

But it must also be noted that Lavin said in a video interview with MHProNews that the industry cleaned up that act.

So once more, the rationale for slow-walking the potentially robust GSE entry into manufactured housing is missing.

Quite the opposite exists. Genz gave a veritable road map of why and how manufactured housing lending could and should be done successfully in ways that are as sustainable, as Titus Dare exclusively encouraged in statements to MHProNews.

So those abuses Genz reported then were wrenched from the chattel lending system by the lenders who remained in the market during the post-Conseco/GreenTree meltdown.

Rephrased, as Lavin noted, the remaining marketplace lenders corrected the issues.

Said Genz, “The accurate answer to the question “Can manufactured homes appreciate?” seems to be “It depends.” Like the value of any home, the value of a manufactured home over time is contingent on many factors. Unfortunately, the perception that depreciation is somehow inherent in manufactured homes is widespread. It is at the root of disinterest about them among development bankers, advocates, planners, and nonprofit developers. These professionals are rightly concerned that housing should be a foundation for building wealth, but if advocates simply write off the preference of so many home buyers for lower-cost manufactured units, we passively contribute to a problem we should be helping to solve. Available data suggest that depreciation is not a mystery. It can be understood and, in many cases, reversed.”

What Genz did was argue that the industry could reverse much of its image and fortunes.

Make some common sense changes, and much could be done.

More than 8 out of 10 manufactured homes placed in 1998 were titled as personal property, or chattel (U.S. Bureau of the Census 1998).” That number is similar today.

Genz buys into the argument made by those who want to reclassify manufactured homes, forcing all to be real estate loans. That’s a non-starter for most lenders in the industry. It is an example of how the “wheat and chaff” approach must be used with any person, or any organization.

That said, he next makes another point similar to what Marty Lavin has made.

Discriminatory treatment of manufactured home residents flows from the unexamined matrix of law, finance, taxation, land use regulation, and custom within which manufactured housing exists.”

Lavin put it more bluntly, by calling the HUD Code “a discrimination code.”

But discrimination – past or present – could be a motivation in urging industry pros to act for change in the future.

That said, what exists today are policies that can include “…many tax systems automatically depreciate manufactured homes like vehicles, regardless of their actual market value. This practice worsens the budget drain.”

Genz demonstrates how a simple change of mind can yield positive change.

Recognizing the real character of manufactured housing contributes to the asset base of an entire community. For example, the tax assessor of Henderson County, NC, decided to begin taking manufactured homes seriously in the early 1990s. Once values were established, the assessor determined that the use of depreciation schedules had systematically undervalued this stock of residential property. The result was a $53 million increase in the tax rolls over two years,” Genz said.

Then he stated a point routinely made by MHLivingNews and MHProNews. How education by that North Carolina county and discipline in the proper use of terminology could yield positive changes measurable in dollars and cents.

They [local officials] repeatedly had to explain to concerned taxpayers that a “trailer” is something you haul around behind a vehicle and that their increased valuation was based on the actual market value of a home that happened to have been built in a factory.”

Today, there are numerous studies that demonstrate that manufactured homes can and do appreciate for the same reasons as conventional housing. But the way to accomplish that isn’t by creating a problematic, unnecessary, and controversial “new class of homes” promoted by MHI.

Rather, an important part of the industry’s potential progress is achieved by education of consumers on existing homes.

 

 

That education comes in part by speaking with those who know on camera.

Education also can obviously be accomplished in part by engaging the mainstream media.

Retiring MHI Ann Parman previously praised MHProNews publisher L. A. “Tony” Kovach for promoting that plan. But as numerous industry members – like Frank Rolfe, who previously blasted MHI for not properly engaging the media – know, MHI has allowed most slurs, miscues, and errors that slight manufactured housing to go unaddressed.

Rephrased, the facts and legitimate third-party research needed to successfully promote the manufactured home industry are available.

While the Arlington, VA based trade group has done problematic advertorials – which have at times cited ‘facts’ that other MHI ‘data’ contradicts – has posted a few lightly viewed items to YouTube, or social media, there’s been no discernible, systematic and robust effort by them to defend and/or promote the industry as needed.

MHI member MHVillage’s own data proves just how ineffective the efforts to date are.

2018-06-22_0521ConversionRatiosPerMHVillageLogoManufacturedHousingIndustryDailyBusinessNewsMHProNews600

Data per MHVillage, collage by MHProNews. 

So it is little wonder that a pair of state associations broke away from MHI, and have announced they are forming a new post-production association.

Rephrased, there is a growing body of evidence and numbers of industry voices that in various ways have alleged that MHI is debatably blowing it for the small to mid-sized operations that make numbers of that trade group’s members.

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

As attorney Lavin succinctly put it in the report linked above, the big boys work for the interests of the rest of the industry only to the extent that it benefits the big boys.

 

Genz Makes the Case Concerned Industry Voices Have Advocated

Said the Fannie Mae Foundation’s researcher Genz. “Low- and moderate-income people should not be left to learn about asset-building and the meaning of homeownership from their tax assessor. The protests from mobile home dwellers confirm what our housing system has inculcated in them: that their housing is a depreciating asset, like a vehicle. How many buyers of conventional homes would trade a lower annual property tax bill for depreciating home value?


As a Deer Valley Homes sales manager James McGee, and their current president, Chet Murphree said, “It’s all about education.” as they and others praised the work done here and on MHProNews to educate.

Meanwhile, sources and evidence suggest that MHI, their surrogates and masters, have arguably sought to stymie the education necessary for the industry’s robust growth.

Why?

Warren Buffet has arguably given the correct answer. He likes a bargain.

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

By choking off other sources of lending, and limiting the capital flow into the industry, Buffet’s Berkshire Hathaway has gobbled up large chunks of the industry.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

MHI’s President Richard “Dick” Jennison, and others there or working for Berkshire Hathaway units have declined or ducked public discussion and debate on such vexing questions.

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

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

Isn’t that a kind of tacit admission that these published concerns are valid?

When The Daily Business News has given repeated opportunities for MHI or Berkshire brands to respond publicly, why have they instead remained silent?

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. To see the related video with Kevin Clayton, click to read and view – Smoking Gun 3

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

 

Genz’s Finale “Conclusion”

Clearing up misperceptions about manufactured housing and addressing the problems of buyers, owners, and renters should be the first priority for advocates. On a separate front, it should be possible to incorporate the cost advantages of manufactured homes into nonprofit housing developments (Wallis 1991). If stereotypes can be overcome, the nonprofit development community could eventually help reinvent manufactured homes as quality, wealth-building, affordable housing.

The report said that author “Richard Genz is Principal of Housing & Community Insight and a Project Manager with ICF Consulting, Inc.”

Genz’s report was written for the Fannie Mae Foundation.  The entire document is available as a download, linked here.

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

Related Reports:

Manufactured Home Owners – Satisfaction Survey Redux

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

 

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

 

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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.

U.S. Senator Ted Cruz – El Chapo Plan, Video Interview, Plus Manufactured Housing Market Update$

July 3rd, 2018 Comments off

CNNmoney7.3.2018ManufacturedHomeStocksMarketsReportsMHProNewsHaving published Senator Elizabeth Warren (D-MA) and others on the left a chance, it is time to do a video with a Texas GOP conservative, Senator Ted Cruz.  An interview with him will be our spotlight going into the 4th of July holiday today.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Mall vacancies hit six-year high
  • The truth about the retail apocalypse
  • Delta Air Lines hit by rising fuel prices
  • Facebook buys an app for teens and shuts it down
  • Every US-made car is an import. That’s bad news for automakers
  • Facebook data scandal draws growing federal scrutiny
  • Facebook apologizes for bug that temporarily unblocked people
  • New Jersey poised to invest $5 million into local journalism
  • New York Times DC reporter who dated Senate intelligence staffer reassigned to New York
  • She started a newspaper that helps Ohio’s inmates rebuild their lives
  • A guide to making friends at work
  • Why women need mid-career mentors
  • The power of more than one woman on a board
  • ‘I think we just became a real car company’: Tesla finally hits Model 3 target
  • MoviePass is running out of money
  • Dell is ready to return to Wall Street
  • Lyft, like Uber, is moving beyond cars
  • Starbucks advisers say the company needs to do more to end racial bias
  • Rent the Runway CEO: Giving all employees the same benefits is the ‘right thing to do’
  • Roger Federer ditches Nike for Uniqlo
  • CNN’s Jim Acosta is undaunted by critics: ‘We have a job to do’
  • School security is a rapidly growing business
  • US box office has record quarter thanks to a string of summer hits
  • On the test track in Porsche’s most powerful plug-in hybrid
  • EU warns Trump’s car tariffs threaten $300 billion of US exports
  • Canada hits $13 billion of US goods with new tariffs
  • Tesco and Carrefour join forces to keep prices down
  • Growing pains across America’s biggest oilfield
  • What’s killing Big American Beer?
  • America’s favorite store that everyone forgets about
  • Why Pepsi made ‘Uncle Drew’ into a movie
  • Despite lessons from the past, US cities are optimistic for 2026 World Cup
  • The US-China trade war will spill into other Asian economies
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • GM warns tariff could force job cuts, raise cost of cars
  • Companies that want out of new steel tariffs describe a nightmare
  • Halftime report: Why the ride for global markets got so bumpy
  • China opens up more of its economy to foreign companies

Selected headlines and bullets from Fox Business:

  • California is bad for business, state needs 3-way split: Tim Draper
  • US stocks close lower, Dow off triple digits
  • July 4: Which markets are closed?
  • Top US automakers report higher auto sales in June
  • Truck driver shortage: Are 18-year-olds the solution?
  • A longstanding regulation limits the ability of younger Americans to haul freights across state lines.
  • Trump should nominate Mike Lee for the Supreme Court: Kennedy
  • Feeling patriotic? Here are 5 American-made products
  • US should throw China out of the WTO: Peter Morici
  • Trump courts rivals of Harley-Davidson after it says production moving
  • These tax changes go into effect in July
  • Amazon Prime Day now six hours longer
  • Toys ‘R’ Us adding to ghost malls nationwide
  • Nathan’s Hot Dog Eating Contest prize pool: What event winners earn
  • Kathy Ireland ventures into shipping container business
  • Fourth of July fireworks spending may hit a record
  • July 4th travel to hit all-time record, AAA predicts
  • Travel times are expected to double in some cities.
  • July 4 holiday travel forecast breaks record
  • Seadrill Ltd. Stock Isn’t Up 22,000% Today (It’s Actually Down): Here’s What You Need to Know
  • Why Shares of Acuity Brands, Inc. Popped 19% Today
  • Why Tesla, Facebook, and Micron Technology Slumped Today

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.3.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.3.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Political junkies may recall that Senator Ted Cruz stopped short of endorsing Donald J. Trump at the Republican Convention in 2016.  Cruz took significant push-back from that, and today’s video will remind some of a still hesitant Texas Senator in promoting the 45th president.

NeverTrumpPoliticalCartoonDemDonkeyComplainsNeverTrumpElephantListensmanufacturedhousingindustrynewsmHPronews

In fact, there’s a moment where Cruz almost sounds like a never-Trumper, which is why we’re pairing up the political cartoon shown above.

ElChapoJoaquinGusmanMexicanDrugLordManufacturedHousingIndustryDailyBusinessNewsMHproNews

That said, Cruz talks about a his El Chapo plan, and a variety of other hot-button topics in this under 7 minute video. 

 

TedCruzPlusMHMarketUpdatesManufacturedHousingINdustryDailyBusinessNewsMHProNews

Happy Fourth of July to all.  ICYMI, you may want to check out a meaty topic on manufactured housing vs. subsidized housing, and the underlying issues for the industry, investors and America.

Affordable Housing, Subsidized Housing, Manufactured Homes, Private Property, and Proclaiming Liberty

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.3.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

#WalkAway Goes Viral, Threatens Disruption, Plus Manufactured Housing Market Updates

July 2nd, 2018 Comments off

CNNmoney7.2.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt’s the kind of report that you won’t find anywhere else in MHVille, but will be our Daily Business News focus report for reasons that the industry’s thinkers will rapidly grasp.  This evening, our focus is the viral hashtag, #WalkAway. We’ll take a look across the left-right media divide on this developing story.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • HTC to lay off 1,500 employees
  • EU warns Trump’s car tariffs threaten $300 billion of US exports
  • Roger Federer ditches Nike for Uniqlo
  • Tesla finally hits Elon Musk’s target for the Model 3
  • US box office has record quarter thanks to a string of summer hits
  • Brian Ross and longtime producer to leave ABC News months after Michael Flynn error
  • Canada hits $13 billion of US goods with new tariffs
  • Hedge fund billionaire slams Nestle’s ‘muddled’ strategy
  • School security is a rapidly growing business
  • Growing pains across America’s biggest oilfield
  • Draft proposal would allow Trump to ignore key WTO principles
  • On the test track in Porsche’s most powerful plug-in hybrid
  • The power of more than one woman on a board
  • Borrow like the big investors (with a lot less)
  • Despite lessons from the past, US cities are optimistic for 2026 World Cup
  • Trump asks Saudi Arabia to increase oil production
  • Japanese company snaps up Quartz from Atlantic Media
  • India’s shopkeepers take to streets to protest Walmart-Flipkart deal
  • ZTE shakes up management as part of deal with US
  • Tesco and Carrefour join forces to keep prices down
  • The US-China trade war will spill into other Asian economies
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • GM warns tariff could force job cuts, raise cost of cars
  • Companies that want out of new steel tariffs describe a nightmare
  • Halftime report: Why the ride for global markets got so bumpy
  • Two assignments for Capital Gazette journalists: healing and reporting
  • Lessons you can learn in business school that aren’t taught in class
  • China opens up more of its economy to foreign companies
  • Washington Post’s Marty Baron: People have taken the press for granted
  • BBC apologizes to underpaid editor. She gives her settlement cash to charity.
  • Are your credit card perks shrinking?
  • How can I simplify my retirement investments?
  • Australia picks BAE Systems for $26 billion warship deal
  • Sharp cancels $1.8 billion share sale over trade tensions
  • H&M needs to offload $4 billion in unsold clothes
  • Instagram Stories is now twice as popular as Snapchat
  • Hedge fund billionaire to Murdoch: Give Comcast a chance

Selected headlines and bullets from Fox Business:

  • Trump: WTO needs to change ways or US will do ‘something’
  • S. manufacturing surged in June
  • Stocks inch out gains as 3Q begins
  • You’re probably approaching your Social Security claiming decision all wrong
  • Being shortsighted could wind up costing you a lot of money.
  • These tax changes go into effect in July
  • Pizza to toilet paper: The items targeted by Canada’s tariffs
  • Trump, Kim Jong-un could meet again in NYC
  • LeBron James jersey sales booming after Lakers signing
  • Kathy Ireland ventures into shipping container business
  • Airline ratings: Here are the world’s best (and worst) carriers
  • The business that’s trying to stop the truck driver shortage
  • 160 Driving Academy is a school that offers truck-driving classes.
  • Trump refuses to back down from the China tariffs
  • You’re probably approaching your Social Security claiming decision all wrong
  • Trump: WTO needs to change ways or US will do ‘something’
  • 20 Investing Lessons From a 20-Year Motley Fool Member
  • Every Manager Should Want to Hire the Best — but Not Every Manager Does

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.2.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.2.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

Let’s begin our evening look across the left-right media divide on this developing story.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. 

#WalkAway, the hashtag, went viral this weekend, as something of a delayed reaction to a popular video renouncing liberalism by Brandon Straka,” said the left-of-center Washington Post.

Once upon a time, I was a liberal. Well, to be honest, less than a year ago, I was still a liberal,” begins Brandon Straka, in a report in right-of-center Brietbart that says that over 5 million have seen the second video at that point in time.

The Epoch Times was one of the first to chronicle the latest blow at the Democratic coalition that swept then Senator Barack Obama into the White House.

While many hold to #IHatePolitics, the Daily Business News recently challenged that notion.

All those who abandon the political field, are obviously surrendering their voice to those who remain.

Much of what happened to manufactured housing in the last 20 years has arguably been a result of political and capital forces, leveraging their influence and power in ways that by intent or accident, harmed our industry’s new home retail sales, and thus shipments.  The report linked below can be read later, for greater depth on this issue.

“I Hate Politics!” – Bedminster Watch, and Manufactured Housing Shipments

Against that backdrop is #WalkAway.

When actor James Woods tweeted out the hashtag “#WalkAway” in late June, even the alt-right missed the enormity of what lay beneath it. The Democratic Party had, in fact, struck an iceberg,” said the Epoch Times.

Here’s an extended quote:

#WalkAwayGoesViralThreatensDisruptionPlusManufacturedHousingMarketUpatesDailyBusinessNewsMHproNews

Some 5 million people on Facebook and YouTube have seen the video by now. A very handsome gay man, who you just assume is about to scold you on progressive talking points, instead says this:

Once upon a time, I was a liberal. Well, to be honest, less than a year ago, I was still a liberal.

I reject a system which allows an ambitious, misinformed and dogmatic mob to suppress free speech, create false narratives, and apathetically steamroll over the truth.”

And then this devastating line—the Rosa Parks moment of the video:

I reject hate.”

If Democratic strategists were still able to watch the rest of the video without suffering a nervous breakdown, they’d see that it quickly got worse.”

These are the reasons why I became a liberal. And these are the same reasons why I am now walking away.”

Tidal Wave

Meet Brandon Straka, the unlikely liberator and new face of the “silent minority” of Americans who’ve been cast out by family and friends, fired from jobs, and forced into silent social ghettos for their failure to “get it” about how hateful and dangerous Donald Trump is, and why he and all his supporters should be subjected to an ever-expanding social and professional fatwah.

Since Straka published his confessional video on May 26, his life as a New York City hairdresser and aspiring actor has been overtaken by a tidal wave.

While speaking to The Epoch Times about the explosion of his #WalkAway campaign, Straka had to occasionally stop to go style a client’s hair, all while fielding a constant barrage of newcomers’ testimonial letters, videos, and emails—over 1,000 a day.”

You get the idea.  A video by right-of-center Fox Business on the topic is posted below.

Straka’s video that the Epoch Times is waxing eloquent about is posted below.

Taken in conjunction with a growing wave of walk-aways from the Democratic Party’s near monolithic hold on the black vote, as report in articles like the one linked below, what does that mean for the boasted blue wave touted just 6 months ago?  Could it be that a red tide – or a red wave – will hit by election day in November 2018?

Time will tell, but investors and professionals on both sides of the aisle have a stake in the outcome.  For related reports, see the below.

Kanye Controversy, Universal Income, Venezuela, President Trump, Manufactured Housing, First Principles, and You

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

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.2.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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

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

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.