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Posts Tagged ‘Vanderbilt Mortgage’

Warren Buffett on Construction and Trucking Labor, Plus Manufactured Housing Markets Updates

July 18th, 2018 No comments

CNNmoney7.18.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe video below with Warren Buffett is perhaps more interesting for what it doesn’t say, than what it does.  That will be our focus report for this evening.

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.

 

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…

  • Larry Kudlow: No recession in sight
  • Malta wants to become ‘Blockchain Island’
  • Warren Buffett may soon join the stock buyback party
  • What’s rattling investors?
  • Papa John’s founder says it was a ‘mistake’ to resign
  • Uber fills ‘critical’ role of chief privacy officer
  • Lloyd Blankfein is about to have a lot of job options
  • Why Europe’s record fine against Google won’t hurt the tech giant
  • Europe fines Google a record $5 billion
  • A history of Europe’s efforts to rein in Big Tech
  • Elon Musk apologizes to Thai cave rescuer for ‘pedo’ tweet
  • Reed Hastings is writing a Netflix book
  • Netflix stock is tanking, but Hollywood would kill for its problems
  • Brits can’t get enough of Netflix and Amazon Prime
  • Sinclair announces changes to its bid for Tribune to appease the FCC
  • The vanishing White House press briefing
  • CBS’ Jeff Glor interviews Trump as White House grapples with Putin controversy
  • Google’s latest move to crack China: A WeChat game
  • First it was Pfizer. Now Novartis has frozen drug prices in the US
  • Boeing looked into the future. Here are 3 things it saw
  • Texas Instruments CEO resigns over ‘personal behavior’
  • Leading AI researchers vow to not develop autonomous weapons
  • Cambridge Analytica’s Facebook data was accessed from Russia, MP says
  • Texas pumps so much oil that soon it may surpass Iran and Iraq
  • With the Jaguar I-Pace, electric SUVs are off to a great start
  • This could be the Rolls-Royce of flying taxis
  • Another problem for Tesla’s Model 3
  • Aston Martin put a V8 in this silly, tiny car
  • CEOs are dumping stock in their companies. Here’s what that means

Select Bullets from Fox Business

  • Papa John’s, Wendy’s discussed merger before founder’s resignation: report
  • Papa John’s shares spiked on the report.
  • Laundry Service firm: Papa John’s founder extortion claims ‘completely false’
  • US stocks trade in tight range following upbeat economic outlook
  • Google shares soar to record high, despite record high EU fine
  • Gold’s demise may be golden for US stocks
  • Economy is fragile, recession could occur, Harvard professor warns
  • Americans think this is the ideal age to retire, buy a house
  • Truck driver shortage throwing wrench into business activity: Fed
  • Trump reveals plans for new Air Force One paint job
  • Chinese theft of US intellectual property ‘greatest transfer of wealth’ in history
  • Tax cuts 2.0: What we know so far
  • JetBlue founder’s startup buys 60 Airbus jets in key step to getting airborne
  • Thanks to Amazon, Target just logged its best online sales day this year
  • What glitches? Amazon’s latest Prime Day made ‘history’
  • Putin banker describes minimal effect of Russia sanctions
  • Silicon Valley in danger of becoming obsolete, famed futurist warns
  • Overcoming stereotypes, blazing motorcycle trails
  • Elon Musk should avoid Twitter to run Tesla effectively: Varney
  • Why ‘tax reform 2.0’ could improve retirement security for middle class
  • Stock futures rise following upbeat economic outlook
  • Fed remains on track for further rate increases.
  • Oil prices fall on rise in U.S. stocks, demand worries
  • Brent crude hit a three-month low.
  • United beats earnings expectations
  • The airline said its profit is rising despite surging jet fuel costs.

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

9MarketIndicatorsYahooFinance7.18.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

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 –

WarrenBuffettCNBCConstructionTruckingJobsDailyBusinessNEwsMHPoNews

Warren Buffett is the well-known Chairman of the Berkshire Hathaway conglomerate. Berkshire in turn owns Clayton Homes, 21st Mortgage Corp, Vanderbilt and an array of other companies, some of which are noted in the link below. 

Buffett shared his take on construction, trucking and labor.  Notice what he didn’t mention?  In this clip, he spoke about their site builders, but not his manufactured housing unit – Clayton – which owns those conventional builders.  

 

 

Another big of Berkshire news is their announcement that they will more likely move on stock buy-backs, when they believe it is undervalued. 

That video is shown below.

 

Only 3 Options – the Elephant in the Room

 

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).

7.18.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNewsBerkshire 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.

Talking Heads Melt Down, Stocks Rise, DoJ Statement, Bannon Says Look More at China, plus MH Market Updates

July 17th, 2018 No comments

CNNmoney7.17.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Dow is continuing to recover, and other markets also rose today.  But for those who tuned into much of the hypertexturing media coverage since the US-Russia Summit in Helsinki yesterday, one could be left with the impression that the world was about to come to an end.  Far from it. With geo-politics driving much of the markets this year, that will be our spotlight report this evening.

 

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.

 

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 business-daily 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.

 

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/

Select bullets from CNN Money…

  • ·        CEOs are dumping stock in their companies. Here’s what that means
  • ·        nvestors should breathe easy — for now
  • ·        Amazon’s Prime Day is off to a red hot start, despite glitches
  • ·        Analysis: Netflix wants to be the future of TV. It isn’t there yet
  • ·        Netflix has its first hits in India. It needs a lot more
  • ·        EU and Japan sign trade deal covering a third of the world’s economy
  • ·        Goldman Sachs names David Solomon as next CEO

 

  • ·        The new CEO of Goldman Sachs is a part-time electronic dance DJ
  • ·        Judge vacates order requiring Los Angeles Times to alter published story
  • ·        Will Uber’s CEO still be able to save the brand’s image?
  • ·        Trump finds few defenders as news media covers his ‘betrayal’
  • ·        Will Elon Musk’s antics hurt his businesses?
  • ·        Warren Buffett gives $3.4 billion to charity
  • ·        Jeff Bezos is now worth more than Bill Gates and Larry Page combined
  • ·        Fed’s Powell: Best way forward is to keep raising rates
  • ·        With the Jaguar I-Pace, electric SUVs are off to a great start
  • ·        Corona’s parent sharpens pitch to Hispanic drinkers

 

  • ·        Looking for a home in Berlin or Budapest? Prepare to pay more
  • ·        hy Bank of America branches are disappearing
  • ·        Amazon’s Prime Day outages trip up shoppers
  • ·        Why oil prices are suddenly tanking
  • ·        News outlets rally around LA Times after judge’s controversial order
  • ·        Former oil CEO charged with exchanging corporate favors for personal loans
  • ·        ‘Helsinki has frozen over’: Late night blasts Trump-Putin summit
  • ·        The best stock this year isn’t Netflix. It’s…
  • ·        Wall Street’s $6.3 trillion man is worried about a trade war
  • ·        This could be the Rolls-Royce of flying taxis
  • ·        What your Venmo transactions say about you
  • ·        Uber is under a federal investigation for gender discrimination

Select Bullets from Fox Business

·        Tax cuts 2.0: What we know so far
·        Rep. Brady: We would like to vote on a new tax bill by September
·        Walmart mulls video streaming service to rival Netflix, Amazon: report
·        Banking analyst predicts next bubble about to burst
·        Nasdaq hits fresh record as investors confirm love for tech
·        Key retirement changes to watch for
·        Papa John’s founder alleges extortion, says he shouldn’t have resigned
·        MLB All-Star Game bonuses: What winning players will earn
·        Why Amazon is the ‘Roman Empire’ of the retail world

·        Microsoft CEO calls for AI regulation of facial recognition technology
·        Fed’s Powell: ‘Several years’ of strong jobs, low inflation still ahead
·        Rolls Royce designing its first flying taxi

·        ESPN to broadcast an eSports competition with a $1.4M prize
·        Trump has firm grip on Republicans, while Democrats become more divided: Varney
·        Walmart, Microsoft take aim at Amazon with cloud tech
·        How much will Microsoft’s pivot to the cloud boost quarterly earnings?
·        This Under-the-Radar Ancillary Marijuana Stock Just Reported a Near-Tripling in Q3 Sales
·        This ancillary pot stock offers plenty of potential, but industry maturation is sorely needed.
·        Germany, EU launch talks on Russia-Ukraine gas transit
·        Markets Right Now: After an early wobble, stocks turn higher

 

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

9MarketIndicatorsYahooFinance7.17.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

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 –

DOJIndictmentsLogoDailyBusinessNewsMHproNews

DOJ logo provided under fair use guidelines.

Much of the mainstream media reporting, including several on both sides of the political aisle – even several on sources like Fox News – could leave one with the impression that President Donald J. Trump “committed treason.”

What?  Didn’t President Barack Obama say less than 2 years ago that there was limited value or no use to even trying to get Russian President Vladimir Putin to admit that they meddled in the 2016 election?  Who’s watch did the meddling take place on? Rephrased, hypocrisy and a lack of clear-headed analysis were on full display in roughly the last 30 hours.

The key fact being overshadowed is what Special Counsel Robert Mueller’s investigator’s obtained a grand jury indictment of 12 Russians revealed.

In a release to the Daily Business News on MHProNews, the DoJ headline read as follows.

Grand Jury Indicts 12 Russian Intelligence Officers for Hacking Offenses Related to the 2016 Election.”

The last 3 paragraphs of the DoJ press release begin the key point for Americans to consider.

 

There is no allegation in the indictment that any American was a knowing participant in the alleged unlawful activity or knew they were communicating with Russian intelligence officers. There is no allegation in the indictment that the charged conduct altered the vote count or changed the outcome of the 2016 election,” stated the DoJ release.

Rephrased, there was no collusion or allegation of a criminal tie in between the Trump campaign and these alleged Russian offenders.

The DoJ also said, “Everyone charged with a crime is presumed innocent unless proven guilty in court. At trial, prosecutors must introduce credible evidence that is sufficient to prove each defendant guilty beyond a reasonable doubt, to the unanimous satisfaction of a jury of twelve citizens.

This case was investigated with the help of the FBI’s cyber teams in Pittsburgh, Philadelphia and San Francisco and the National Security Division. The Special Counsel’s investigation is ongoing. There will be no comments from the Special Counsel at this time.”

With that backdrop, CNBC will be doing an interview with former Presidential adviser Steve Bannon. Readers may recall that the president distanced himself from Bannon, after some odd statements in the aftermath of one of the anti-Trump books that Bannon was commenting on at the time.

But that was then, and now Bannon is giving a full-throated defense of the president. He said that the greater threat is China, not Russia.

Per CNBC,President Donald Trump’s former chief strategist Steve Bannon said Tuesday that Trump needs to end the Cold War on “our terms,” a day after the president appeared with Russian leader Vladimir Putin in Finland.”

POTUS knows he needs to end the Cold War on our terms, and unite the West against the rise of a totalitarian China,” Bannon told CNBC’s Michelle Caruso-Cabrera.

The reality is that the Russia, China, the U.S., England, France, Israel, Iran, North Korea and on down the list of nations meddle in the internal affairs of other countries.  Each of those nations, and dozens of others, have done so for years. This is a sad display of a lack of understanding of history and political realities.

The strengthening of NATO that is being brought about by President Trump’s leadership is clearly aimed against Russia.  President Putin no doubt understands that reality. U.S. voters should too. “We Provide, You Decide.”  © 

 

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).

7.17.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

“From Impossible to Inevitable,” Black Fly, plus Manufactured Housing Market Updates

July 16th, 2018 No comments

CNNmoney7.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere’s not much of a direct link between the newly unveiled BlackFly personal flying vehicle and manufactured housing. So why bother?  Because it is one of a range of technologies that could transform travel, especially for commuters.  That in turn could make living in a more rural area appealing, and thus offer additional options for housing seekers, which include manufactured homes.

 

Black Fly will be our fun, video focus tonight.

 

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 before the tracked stock closing tickers.

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…

  • Uber is under a federal investigation for gender discrimination
  • Jeff Bezos worth $150 billion as Amazon hits all-time high
  • Why oil prices are suddenly tanking
  • Will Elon Musk’s antics hurt his businesses?
  • Former oil CEO charged with exchanging corporate favors for personal loans
  • Wall Street’s $6.3 trillion man is worried about a trade war
  • Why Bank of America branches are disappearing
  • Adidas joins the fight against plastic
  • Papa John’s founder kicked out of his office
  • China’s economy slows just as the trade fight begins
  • The best stock this year isn’t Netflix. It’s…
  • Elon Musk makes unfounded accusation against Thai cave rescuer
  • Analysis: Big tech isn’t as interested in media as we thought
  • How companies change their packaging without alienating customers
  • Judge’s order for LA Times to alter published story sparks outrage
  • How innovation saved Detroit
  • FCC chair expresses ‘serious concerns’ about Sinclair’s bid for Tribune
  • Deutsche Bank is making money again
  • China is making it harder to invest in smartphone maker Xiaomi
  • Will Uber’s CEO still be able to save the brand’s image?
  • Box office hero: Why ‘The Rock’ is ‘a franchise unto himself’
  • Twitter suspends 2 accounts linked to Russian intelligence after hacking indictment
  • The Justice Department drove a stake through the heart of Comcast’s bid for Fox
  • Firm that designed Ferraris is making a 250 mph electric supercar
  • What happens when brands try to go green
  • Wells Fargo finds even more customers that it overcharged
  • How do you rebrand Papa John’s when the problem is Papa John?
  • Papa John’s to remove founder’s image from ads
  • ZTE can once again do business with American companies
  • Justin Bieber and Katy Perry among Twitter users hit hardest by follower purge
  • JPMorgan Chase makes $8.3 billion profit thanks to ‘healthy’ US consumers
  • Wells Fargo’s scandals are hurting its bottom line
  • Larry Page invests in another flying car startup
  • Uber teams up with Lime scooters for latest non-car offering

Select Bullets from Fox Business

  • Trump touts US energy, will compete against Russia’s gas pipeline to Germany
  • Trump, Putin summit: Top economic issues
  • Putin bashes financier Bill Browder’s business associates over taxes
  • Implications of Russia aggression in Middle East
  • Putin announces creation of ‘high level working group’ for entrepreneurs
  • Amazon shrugs off boycott ahead of Prime Day
  • Boeing starts air show with order for jets worth $4.7B
  • FCC chair voices ‘serious concerns’ about Sinclair-Tribune deal, stocks tumble
  • WWE can rake in billions with these deals
  • BlackRock is evaluating cryptocurrencies, CEO says
  • Lockheed likely to lower F-35 cost for new Pentagon contract
  • ETFs for a recession
  • US consumers give retailers something to cheer about
  • International flows into ETFs outpacing US flows: Tom Lydon
  • 5 years after declaring bankruptcy, Detroit reborn at a cost
  • Amazon Prime Day 2018: How to score the best deals
  • Why do Baby Boomers start their own business later in life?
  • Boomers cited positive reasons for pursuing business ownership in 2018.
  • Global Trade War Fears Stunted ETF Industry Growth
  • What Should You Make of 3M Company Stock’s 16.4% Drop in 2018 So Far?
  • Don’t read much into 3M stock’s weakness.
  • Dominion gets 1st level of approval to merge with SC utility
  • US: Sanction exemptions open to those reducing Iran imports

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

9MarketIndicatorsYahooFinance7.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

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 –

BlackFlyVTOLForbesManufacturedHousingIndustryDailyBusinessNewsMHProNews

The headline quote is from the video, posted below.

CBS this Morning broke the story last week about the first public look at the previously secret Silicon Valley facility where the aircraft called “Blackfly” is being built.

If the reports end up accurate, someone could buy a manufactured home, plus buy one of these VTOLs (Vertical Takeoff and Landing) and still be dollars ahead from purchasing a similar sized conventional house.

 

 

Forbes observes that BlackFly has more of a UFO look to it than other VTOLs and personal flying vehicles out there.

Utilizing eight small rotors spread across two parallel wings, it takes off by sort of rolling on and off the ground via its rounded belly, which makes it look a little bit like an old school rocking horse,” said Forbes.

Opener is the firm that is building the craft. They say it designed BlackFly with “triple-modular redundant flight systems, control surfaces, and sensors” to ensure safety and has flown over ten thousands miles of test flights.

There’s an auto-landing and return-to-home features to add extra usability.

Opener says the single passenger, joystick-operated system requires no formal licensing in the U.S. to fly, but the company will mandate that users take the FAA Private Pilot written examination and complete its own operator training.

At present, the system won’t be useable over a city. But as the technology develops, restrictions are likely to be eased, especially since others such as Google and Uber are developing their own flying vehicles.

Perhaps the more likely candidate to disrupt potential commutes affordably is the hyperloop.  For our recent report on that, click the below.

The bottom line for industry professionals and investors is this.  It should be obvious that the industry must continue to pursue what MHARR president Mark Weiss said was the full implementation of the Manufactured Housing Improvement Act of 2000.  That would include enhanced preemption.

But that other development – namely that technology could allow more to commute more readily from a more rural to a more urban or suburban locale – is not to be missed.

It is one of several developments that point to potentially brighter days ahead for manufactured housing.

Can the Hyperloop Benefit Manufactured Housing, Millions of Home Seekers? w/Videos

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).

7.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

Stocks Just Did What? Plus Manufactured Housing Industry Market Updates

July 13th, 2018 No comments

CNNmoney7.13.2018ManufacturedHomeStocksMarketsReportsMHProNewsFor the better part of the first six months of 2018, stocks on the Dow and other markets have reacted – mostly negatively – to a series headlines out of Washington, Beijing, North Korea, Canada, the Eurozone – you name it.  But today, after the so-called trade war – new tariffs – between the U.S. and China is already underway, and with tough talk with trading partners in NAFTA, Europe and Asia…the Dow just crossed 25,000 again, and the Nasdaq is perched near record territory. 

 

Check out our market focus for tonight.

 

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 Market Summaries 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.

 

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/

Select bullets from CNN Money…

  • The Justice Department drove a stake in the heart of Comcast’s bid for Fox
  • ZTE can once again do business with American companies
  • Wells Fargo finds even more customers that it overcharged
  • Wells Fargo’s scandals are hurting its bottom line
  • Prices are rising faster than they have in six years
  • Justin Bieber and Katy Perry among Twitter users hit hardest by follower purge
  • JPMorgan Chase makes $8.3 billion profit thanks to ‘healthy’ US consumers
  • How do you rebrand Papa John’s when the problem is Papa John?
  • Papa John’s to remove founder’s image from ads
  • Papa John’s was already losing the pizza wars
  • Trump ratchets up ‘fake news’ rally cry overseas during UK visit
  • Britain probably can’t have what it wants with both the EU and the US
  • Google and Facebook could both be caught in the trade war
  • AT&T’s Randall Stephenson isn’t worried about Time Warner deal
  • Government appeals AT&T-Time Warner approval
  • US oil exports have more than quadrupled since 2015. That boom is now in danger
  • Apple is spending millions to clean up China’s environment
  • Ikea just delayed its big debut in India
  • MoviePass’ stock is 19 cents. The CEO says everything is fine
  • Northrop Grumman’s CEO is stepping down
  • Commerce Secretary Ross admits to ‘errors’ in failing to divest assets
  • Firm that designed Ferraris will make 250 mph electric supercar
  • Is the binge over for Netflix stock?
  • Another problem for Tesla’s Model 3
  • Apple’s MacBook Pros get a refresh
  • Airlines are starting to worry about rising fuel costs
  • India now has the ‘world’s strongest’ net neutrality rules
  • The US is fighting one of the world’s poorest countries over trade
  • Fighting with US on trade literally hurts our economic growth, EU says

Select Bullets from Fox Business

 

  • Dow hits 25K as it wraps winning week
  • S. stocks wrap winning week.
  • Amazon considers another business it could dominate
  • Big tech: Here’s where, and why, you should invest
  • Homeowners sitting on record equity, still afraid to take out loans
  • Rising interest rates are one reason homeowners are hesitant to take out loans.
  • UPS reaches tentative deal with union members
  • Justice Department charges make Mueller bulletproof: Judge Napolitano
  • What Amazon founder Jeff Bezos plans to charge for a trip to space
  • Instagram users hit with temporary outage
  • Papa John’s to stop using founder Schnatter’s image in marketing campaigns
  • Your gym membership could soon earn a tax break
  • AT&T CEO Stephenson ready to battle DOJ and win
  • Target offering deals on Amazon Prime Day
  • Meet the Shoe Surgeon, designer of $30,000 custom sneakers
  • Best and worst states for retirement
  • Justice Department to appeal AT&T-Time Warner case
  • Sun Valley Conference: Sinclair-Tribune deal nears DOJ approval

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

9MarketIndicatorsYahooFinance7.13.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

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 –

StockMarketGuysStaringManufacturedHousingIndustryDailyBusinessNewsMHProNews

U.S. stocks wrapped a winning week on Friday with the Dow Jones Industrial Average closing above the psychologically significant 25,000-point milestone, a one-month high,” said Fox Business. “The S&P 500, the broadest measure of stocks, reached a 5-month high and the Nasdaq Composite even better, sitting at a record. A string of new records for some big tech names helped drive the momentum as Amazon, Microsoft, Facebook and Google each hit all-time highs Friday.”

 

Outside of tech, the broader momentum on the final trading day of the week was powered by solid earnings reports from a handful of big banks and easing concerns over a prolonged trade war,” per Fox Business.

A growing range of voices are saying something similar to what the White House has said.  They expect revised trade deals to begin to emerge in the days ahead. Germany and others are signaling deals to come.

Stay tuned.

There were more risers than sliders in manufactured housing markets.  See the Bloomberg tracked stock closing ticker, below.

 

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).

7.13.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNewsBerkshire 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.

“Protecting & Promoting Competition” Stunned Defendant, as DOJ OK’s Anti-Trust Appeal, Plus MH Market Updates

July 12th, 2018 No comments

CNNmoney7.12.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Department of Justice’s (DOJ) anti-trust division has the slogan, “Protecting and Promoting Competition.” It sums up why this issue matters to thousands of manufactured home industry professionals, and consumers. Rephrased, this rule could impact every manufactured home industry professional, regardless of what company or organization you are working for today.  The update on the anti-trust case will be tonight’s spotlight.

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…

  • MoviePass stock is 19 cents. CEO says everything is fine
  • Why investors should worry about plunging copper and soybean prices
  • Is the binge over for Netflix stock?
  • Nike’s digital reboot is working
  • US-China trade brawl threatens America’s booming oil exports
  • India now has the ‘world’s strongest’ net neutrality rules
  • Airlines are starting to worry about rising fuel costs
  • Britain wants to do more business with America. Its plan for Brexit won’t help
  • Uber saved its London business. Europe may be tougher to crack
  • Europe says trade fight with US will hurt economic growth
  • The US is fighting one of the world’s poorest countries over trade
  • Stitch Fix wants a piece of the kids’ clothing market
  • Why perks aren’t the answer to employee retention problems
  • The crippling US ban on ZTE is almost over
  • Tesla ‘whistleblower’ tells SEC carmaker misled investors and put customers at risk
  • Papa John’s chairman resigns after using N-word on conference call
  • Robinhood expands crypto offerings
  • Comcast outbids Fox in the fight for Sky
  • Rupert Murdoch plans new Sky bid
  • Buying Fox would make Disney the ‘Walmart of Hollywood’
  • Business Insider columnist quits after Scarlett Johansson story deleted
  • Disney bets on eSports
  • Uber’s HR chief is out after a racial discrimination probe
  • The world’s most important business link is at risk
  • The US is running out of Chinese exports to tax
  • Can kitchen tech reduce excessive food waste?
  • Pfizer’s not the only drug company raising prices
  • 10 years ago: IndyMac collapses and starts a flood of bank failures
  • Germany’s not the only country that still needs cheap Russian gas

Select Bullets from Fox Business

  • Best and worst states for retirement
  • Justice Department to appeal AT&T-Time Warner case
  • Stocks rebound after tariff threat sell-off
  • Rising oil demand may outstrip supply, boosting economy
  • Importers snap up cheap US soybeans as China stops buying
  • Why Trump slammed Germany for gas pipeline deal with Russia
  • Wealthy investors find lucrative tax loophole
  • Netflix tops HBO in Emmy nominations amid spending push
  • Forbes faces backlash over dubbing Jenner a ‘self-made’ almost-billionaire
  • No more tickets? MLB fans will soon use fingerprints, facial recognition instead
  • Papa John’s Chairman Schnatter resigns after using racial slur
  • Tesla customers could lose thousands in tax credits next year
  • Microsoft may relocate jobs over Trump immigration policy
  • Higher living costs outrunning pay hikes
  • Monsanto to get flooded with thousands of cancer-related lawsuits
  • Why South Dakota is now ranked the best state to retire
  • Trump tariffs would do ‘opposite’ of tax cuts, retail experts warn

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

9MarketIndicatorsYahooFinance7.12.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.12.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

DOJFTC-AntiTrustProtectingPromotingCompetitionManufacturedHousingINdustryDailyBusinessNewsMHproNews

CNBC confirmed today the report broken last night by Fox Business and spotlighted in our topical curation for manufactured housing industry professionals.

Per CNBC:

  • Justice Department authorized the appeal of the Time Warner-AT&T merger
  • The AT&T-Time Warner merger was “won approval in June from a federal judge, who did not impose conditions on the merger.”
  • The Justice Department argues that the combined company would decrease competition and raise prices for consumers.
  • While there are legal authorities on both sides of this issue, there are those who believe that some of the concerns raised in this anti-trust deal, could apply to Clayton Homes, Berkshire Hathaway, and their associated lending units.

The updated video by Fox Business – made available to MHProNews less than an hour ago – is shown below.

The link to yesterday evening’s more detailed report – with links to several related issues and thus potential impacts Berkshire Hathaway, Clayton Homes, et al, is found in the report linked below.  Berkshire Hathaway slid a fraction today.

DOJ Anti-Trust Division Looking to Appeal Decision, Plus Manufactured Housing Market Updates

 

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).

7.12.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

DOJ Anti-Trust Division Looking to Appeal Decision, Plus Manufactured Housing Market Updates

July 11th, 2018 No comments

CNNmoney7.11.2018ManufacturedHomeStocksMarketsReportsMHProNewsDepending on who you ask in MHVille, the AT&T/Time Warner deal ruling either has little meaning for manufactured housing companies, or it may have real significance. What is now being revealed, is that the Trump Administration DOJ is considering an appeal.  That will be our focus for this evening.

 

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…

  • Trade war? Here’s why investors should really worry
  • Why the Dow is getting left in the dust
  • Mohamed El-Erian explains the big risks investors face
  • Europe and the US have the world’s most important business ties
  • Foreign investment in the United States plunged 32% in 2017
  • Analysis: Will Brian Roberts lose it all?
  • Oprah expands her food empire
  • Twitter is purging suspicious accounts from your follower count
  • Facebook faces maximum fine in UK for data scandal
  • A Russian company also had access to Facebook user data
  • YouTube says it has a plan to stem the flow of ‘fake news’ videos
  • Apple and Google face questions on smartphone data privacy
  • Tim Hortons is moving into China
  • Pfizer freezes price hikes after Trump complains
  • Wall Street has Trump whiplash
  • Tickets for Sean Spicer book launch party going for up to $1,000
  • Tax cut triggers $437 billion explosion of stock buybacks
  • Germany isn’t the only country that still needs cheap Russian gas
  • India pours $305 million more into its money-losing airline
  • China is owning the future of cars. German automakers want in
  • Tesla is going big in China
  • How Thailand became the ‘Detroit of Asia’
  • The retirement mistake that could cost you $100,000 or more

 

Select Bullets from Fox Business

  •  Solicitor general balking at DOJ plan to appeal AT&T-Time Warner deal
  • Oil down 5% as new supplies cause traders to sell
  • Trump rally: Hottest sectors since Election Day
  • Stocks slide as US prepares $200B in tariffs on Chinese goods
  • China says will hit back after US proposes fresh tariffs on $200B in goods
  • Future of Fox entertainment assets in focus at Sun Valley conference
  • Papa John’s founder apologizes for using racial slur, shares sink
  • Kylie Jenner set to be the youngest-ever self-made billionaire
  • Macy’s data breach exposed credit card information for some online shoppers
  • Congress eyes truck driver shortage solution
  • Oprah just invested a ‘significant’ amount into this restaurant business
  • Monsanto to get flooded with thousands of cancer-related lawsuits
  • Tax law to make divorce proceedings messier
  • Trump ups NATO contribution target as allies lag on defense spending
  • Kavanaugh could make red wave probable in Senate come November: Varney
  • Will Comcast try to outbid Fox for Sky?
  • Feds order shut down of Vermont immigrant investor center
  • Why Fastenal Company Stock Popped 10%

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

9MarketIndicatorsYahooFinance7.11.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.11.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

AntiTrustDivisionDeptOfJusticeManufacturedHousingIndustryDailyBusinessNewsMHproNews

Depending on who you ask in MHVille, the AT&T/Time Warner deal ruling either has little meaning for manufactured housing companies, or it may have real significance. What is now being revealed, is that the Trump Administration DOJ is considering an appeal.  That will be our focus for this evening.

 

Obvious disclosure, we are not attorneys nor are we the even more specialized class of lawyers and legal scholars who work on anti-trust related issues.

That said, in recent years, as MHProNews has covered periodically, concerns about Berkshire Hathaway, Clayton Homes, and allegations of monopolistic practices have been brewing.  The Seattle Time revealed what MHProNews readers already knew, namely, that federal officials are looking at several issues that involve Clayton and their lending related units, Vanderbilt Mortgage and Finance (VMF), and 21st Mortgage Corp. (21st).

As an FYI, there is an unrelated story about 21st and their lending that is brewing, which we plan to bring in the days ahead as the details become more clear.

Against that backdrop, the word that there is a battle within DOJ to appeal the AT&T case loss is noteworthy.  Fox Business’ Charlie Gasparino comments on the developments in this video. That said, the DOJ antitrust division is looking to appeal AT&T-Time Warner ruling, reports Charlie Gasparino.

 

 

Antitrust officials in the Justice Department (DOJ) have privately decided to appeal a federal judge’s approval of AT&T’s planned $85 billion takeover of Time Warner, but are facing resistance from the most important player in the process, the office of the U.S. Solicitor General.

 

The Fox Business Network has learned from people close to the DOJ’s antitrust division that an appeal of the landmark ruling by U.S. District Judge Richard Leon is all but a certainty if Solicitor General Noel Francisco approves the action.

But that approval, which is being sought by antitrust chief Makan Delrahim, faces resistance from the Solicitor General’s office, which must approve any appeal made by the DOJ either in federal courts or the Supreme Court, these people said.

The view in the Solicitor General’s office is that the government has limited capabilities of successful appeals and you don’t want to squander those on cases that are borderline,” said one government official who spoke on condition of anonymity,” said the Fox report.

Gasparino makes it sound like the anti-trust attorneys involved believed their odds are good.

That said, whatever the decision in this particular case, it supports the notion that in the foreseeable future, more anti-trust cases may be heard.  Will Clayton, 21st, VMF and Berkshire Hathaway be among them?  Or what about Amazon, Facebook and Google’s parent company, Alphabet?

Time will tell, stay tuned.

Related Reports:

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

Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

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

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

 

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).

7.11.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

 

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 5.6.2018 to 5.13.2018

May 13th, 2018 Comments off

SundayMorningManufacturedHousingINdustryResearchDataReportsHeadlineNewsRecap562018to5132018MHProNews

 

Millions could care less about politics. Many don’t want to talk about religion either. Especially those in business, who want to be able to serve as many people as possible, topics like that are almost a taboo.

Then there is “industry politics.”  Some only want to hear ‘good news.’  ‘We keep it positive’ was part of a longer thread of messages from an industry blogger.

Isn’t that like not wanting to know when it will rain, hail, snow – or if a hurricane is coming your way?

When the industry was on its heels in October of 2009, the year what’s known as MHProNews launched, there was a need then to get industry professionals to rally.  That required cheer leading, but it also required the facts that supported the reasons to be confident in our factory-built home – notably HUD Code manufactured home – industry.  But modular, prefab, conventional – all housing slid in those days

The automotive, RV, and conventional housing industry recovered more rapidly than manufactured homes did.  Why?  Document and fact laden Smoking Gun 3 will help answer that question.

MHProNews waited to see who among the industry’s trade voices would let the thousands who didn’t go to Las Vegas know that the MHI event was repeatedly disrupted by protestors. It’s on video. See that on the Masthead, because who else in the industry among industry trade talkers will bring you what is real?

We don’t want disunity,’ or ‘But we don’t want to hear negative things,’ some say.  Sure, we get that on the Daily Business News, but as an MD by training, I can tell you that patients don’t want to hear that they have a serious illness either.  Early treatment is the path to the cure.

The doctor, attorney, or account who tells you only what you want to hear can get sued for malpractice.  Don’t you want reliable information, not just happy talk?

As an MD and as a mother-to-be, I didn’t want to hear that our son Tamas wasn’t going to live.  But thank God, by prayer and daily action, he did live and while it required a complete change of plan for me personally, look at what a child who spent much of the first years of his life in a hospital looks like today.

DisplayModelTunicaManufacturedHousingShowTamasKovachAttendeeDailyBusinessNewsMHProNews

Tamas Kovach (pronounced like “TahMash CoVatch), is part of the MHProNews/MHLivingNews family, with a Tunica Show attendee. Numerous such photos are taken during the course of the event.

Sacrifices were made in my career for the sake of our son.  Because we faced a tough reality in the face – through that combination of action and prayer – the payoff with our son was priceless. Almost everyone who meets him rapidly says, how special he is.  At the affordable housing focus group, our son went from table to table, telling joke after joke, to the delight of the attendees, while the video cameras, mics. and lights were being set up.

Every child is special.  Every adult is too.

On MHLivingNews, where the industry truly needs something positive, we do that better than anyone ever in the history of the industry.  But we also use that site to disprove time and again the false and misleading concepts that are held by millions.  It is done factually, based upon evidence, using as often as possible third party research, actual home owners, or other experts. No one else in the history of the industry has produced more such research, useful, and positive content.

The industry still needs a level of confidence building.  But it also needs reality checks and fact checks so that those who hide the facts – who hide the real news, and what’s going on behind the scenes – are shown to be who they are.

In the real world, people do bad things to each other, like it or not.  You have to be ready for that, as a mature adult.

In medicine, you change the prescription and the treatment according to the evidence and to suit the case of the patient.  We pivoted on our format here on MHProNews several times, to suit the evolving situation and to follow the evidence, while following the money.

There’s an affordable housing crisis, and manufactured housing might break the 100,000 shipment mark this year.  That, to borrow HUD Secretary Ben Carson’s phrase, is “ridiculous.”  See Greener and Stylish to better understand just how ridiculous some of what’s been going on in MHVille truly is.

Or on the Masthead, see a report you have yet to see anywhere else in manufactured housing industry trade news or commentary.

Or look at the modular survey for a different reality check.  Some want to run to mods as the solution.  We embrace all kinds of factory built housing.  But if someone thinks that “going modular” alone is the answer, that survey is a wake up call.

The latest MH Industry BIG DEAL is below, with details not found in the official press release.

Not just those, but every story we publish is carefully curated to inform – and yes, inspire – industry professionals.

That’s why you made and keep us the runaway #1 trade media in the industry. That’s what third party facts reveal. Thank you for that confidence.  We don’t ever intend to betray it, even if it means tell you some tough realities. From the biggest names in the industry, to the mom-and-pops, and all in between – plus public officials, investors and others – they all flock to read here by the thousands daily. That’s just a fact.

FactsDetailsMatterScrabbleLettersManufacturedHomeIndustryDailyBusinessNewsMHProNews

On the nightly market report, we summarize headlines from CNN Money and Fox Business – about as different as you can get – just to give you a fuller sense of how dramatically different the same events are often covered.

We’ve done that for years.  It is called balance.  It’s called fairness. That’s what being truly pro-industry looks like.

Count on us to tell you what the evidence points to, what it means for industry professionals, so that you can better navigate your decisions and actions.  Then, you’ll understand this tag lines, MH “Industry News, Tips and Views Pros Can Use.” ©We Provide, You Decide.” ©

That said, let’s dive into your Sunday Morning Headline news recap…

 

What’s New on MHLivingNews

Evolutionary American Dream, from Tiny Trailer Houses, Mobile Homes, to “Amazing” Modern Manufactured Homes

Evolutionary American Dream, from Tiny Trailer Houses, Mobile Homes, to “Amazing” Modern Manufactured Homes

 

What’s New on the Masthead

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

 

May Featured Articles

http://mhmarketingsalesmanagement.com/featured-articles/may-2018 

FeaturedArticlesReportsMay2018ManufacturedHousingIndustryInterviewsDailyBusinessNewsMHproNews_001

What’s New on the Daily Business News

DailyBusinessNewsLogoMHProNewsLogo (1)

Saturday 5.12.2018

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

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

 

Friday 5.11.2018

Reprieve in Community Closure Collision, Another Round Ahead?

Reprieve in Community Closure Collision, Another Round Ahead?

Hyperloop Nearly Complete, Pros, Cons, Videos, MH Impacts – Plus Manufactured Housing Industry Investor Market Reports, Data

Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights

Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights

White House Official Statement on Artificial Intelligence – Industry and Business Summit

 

Thursday 5.10.2018

Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes

Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes

Communities and Counties Pay People to Move There, Plus Manufactured Housing Industry Market Reports

Governor Signs new “Mobile Home” Act

Governor Signs new “Mobile Home” Act

Coldwater, Tall Grass, P&Z Battles, Manufactured Home Community Plan OK’d – Manufactured Housing and the Don Westphal Back Story

Coldwater, Tall Grass, P&Z Battles, Manufactured Home Community Plan OK’d – Manufactured Housing and the Don Westphal Back Story

 

Wednesday 5.9.2018

Uber Flying Taxis, Manufactured Housing Impact – Plus Manufactured Home Industry Market Data, Updates

Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

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

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

Yes! Communities Closes on Major Deal, Added Insights Not in Media Release

Yes! Communities Closes on Major Deal, Added Insights Not in Media Release

 

Tuesday 5.8.2018

Manufactured Home Nonprofit Affordable Housing Initiative Brings Joy, But Hits Wall

Manufactured Home Nonprofit Affordable Housing Initiative Brings Joy, But Hits Wall

Stocks Mixed After POTUS Trump Announcement, Plus Manufactured Housing Industry Market Updates

Promoting Home Ownership and Private Property is Premised by Understanding This

Promoting Home Ownership and Private Property is Premised by Understanding This

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

 

Monday 5.7.2018

Warren Buffett on President Trump’s Tax Cut, Berkshire Video, Plus MH Stocks, Market Update$

Manufactured Housing Roadblock? BBC Reports “Trailer Park Living”

Manufactured Housing Roadblock? BBC Reports “Trailer Park Living”

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

 

Sunday 5.6.2018

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 4.29.2018 to 5.6.2018

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 4.29.2018 to 5.6.2018

The above is just what the doctor ordered for this past week. Thanks to those who noticed that I took a little time off at the end of this past week, it was great, but glad to be back too. ## (Headline news, week in review, analysis, and commentary.)

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

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

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

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

HUD Comment Letter – FR-6075-N-01 Regulatory Review of Manufactured Housing Rules

February 20th, 2018 Comments off

HUDCommentLetterFR-6075-N-01RegulatoryReviewManufacturedHousingRulesPixabayDailyBusinessNewsMHProNews

The Daily Business News reported yesterday about the looming deadline for comments to HUD about regulatory reforms desired by industry members, home owners, and others interested in manufactured housing.

 

Federal Manufactured Housing Program Review Comments Due Next Week, 2.26.2018

The message below reflects the essence of a comment letter
by this writer going to HUD, per their request for
manufactured housing program regulatory reform comments.
For more details on submitting your own comments, click the article linked above.

 

Dear HUD Secretary Ben Carson, MD,

A year and one month have gone by since President Donald J. Trump and Vice President Mike Pence have taken their oath of office.

As Juanita Duggan, President and CEO of the National Federation of Independent Business (NFIB), or Jay Timmons – President of the National Association of Manufacturers (NAM) have observed, the improvements in America’s economy and general confidence have soared.

Unemployment among all groups has improved in the last year, but it is particularly noteworthy among minorities and women.

The Trump Administration’s policies have yielded real wage growth, and numerous record economic milestones, in just 13 months.

But when that gaze is cast upon manufactured housing (MH), a different reality exists.

That is the focus of this MH Industry professional’s plea for regulatory relief of the much-needed, appealing, quality home product provided by manufactured housing professionals.

Reaching for the Sky, Multiple Level HUD Code Manufactured Homes

As the affordable housing crisis rages, with over 8 million housing units are needed now, per HUD, National Association of Realtors (NAR), and the National Low Income Housing Coalition (NLIHC) research – manufactured housing languishes at relatively low levels.

Why?

ManufacturedHousingIndustryShipmentsFEMAManufacturedHomesNotMobileHomesTrailersIndustryResearchReportsDataMHProNews

Credits, MHI, Cavco.

State of the Manufactured Home Industry, Comparing RV vs. MH Data

RVAnnuaShipments2011to2016RVIALogoDataCompareManufacturedHousingIndustryDataDailyBusNewsMHProNews

As industry professionals and investors say, the industry’s realities are both simple, and complex.

What is easy to grasp is this reality. The primary regulator for manufactured housing is the Department of Housing and Urban Development (HUD).

 

The first common-sense “ask” ought to be is that the steps needed to bring to HUD’s jurisdiction back over those regulatory functions sent to the Department of Energy (DOE) ought to be taken. There is no logic to having more than one federal regulator that deals with construction, safety, and energy efficiency.

 

The second ask is related to the simple-yet-complex realities of our unique industry.

 

Wikipedia says that in 2014, over 14,000 people were employed by HUD. Consider this. Pick 10 of those 14,000 employees, none of whom should have ever worked in HUD’s manufactured housing program office. Only one of those ten should have any first-hand experience with modern Manufactured Housing (a ratio roughly equal to the national average).

Once selected, have those ten HUD staffers enter a 2-to-4-week guided immersion into the MH Industry, and its realities.

Then have those ten do a questionnaire before they begin their immersion, and then once more immediately after they finish. That will establish a snapshot of their perceptions before and after their educational/research experience.

If they are like so many others we’ve introduced to the industry, odds are good that those proposed HUD staffers will have an epiphany.

With the proper guidance, those ten will discover that perhaps the single best resource of solving the affordable housing crisis is being regulated by HUD, i.e.: HUD Code Manufactured Housing.

Those ten should then participate in a meeting with you – HUD Secretary, Dr. Ben Carson – along with others in the agency’s MH program chain of command.

HUD will then have ten team members who could become a valuable resource for your agency in shedding light on just how billions of dollars could be saved annually at the federal, state and local levels by properly applying existing laws.

Enforcing existing federal laws, and by leveraging mostly private enterprise, could solving the bulk of the affordable housing crisis. Doing so would save taxpayers, create about half-a-million jobs (+/-), and would establish a ladder for wealth-creation to those who become the owners of those manufactured homes.

HUDPD7RReportGraphicManufacturedHomeLivingNewsDailyBusinessNewsMHProNews

RegulatoryBarrierstoManufacturedHousingPlacementinUrbanCommunitiesHUDPDR-postedManufacturedHomeLivingNews595x357 (1)

What the HUD PD&R screen capture reflects is a lack of understanding about how enhanced preemption could solve the affordable housing crisis, using mostly private capital. The research is useful, and shows that manufactured homes appreciate in value side-by-side with conventional housing. But adding in the missing ingredient of enhanced preemption would make this priceless to millions of Americans looking to start, grow, or downsize. Click here to downlaod the report, which is part of my comments submission.

HUD’s leadership could – through this process – have an understanding that has never before been attempted or achieved by the regulators of HUD Code manufactured homes.

That suggested process could yield a report by the 10 proposed HUD staffers. It should ideally be followed up by having you – Secretary Carson, top HUD management, and other key staffers – spend 2 days in a similar immersion process.  Doing this would transform HUD and affordable housing in America, based upon facts.

Congress had a vision for HUD Code manufactured housing when they passed the legislation in 1974 that resulted in the creation of manufactured housing, starting on June 15, 1976.  That act was designed to specifically address the problems that existed in the industry during the mobile home era, while providing a dependable private sector resource for largely unsubsidized, safe, durable, and economical housing.

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

Until regulators understand what the modern manufactured home realities and potential are, the program will never achieve the potential that the GAO and other third party researchers have believed is possible.

The report below was published on 12.14.2014, and is as relevant now as it was then.  It includes the GAO study, and the Manufactured Housing Improvement Act as downloads, which along with other linked material, ought to be considered as part of my comments letter.

14 Years – Time to Revisit the Manufactured Housing Improvement Act of 2000?

We reported on major publications and media outlets, that have touted manufactured homes as part of the solution for the affordable housing crisis.

Bloomberg, HousingWire, Realtor and Fox all suggest Manufactured Homes as Important Solution for Affordable Housing in America

On MHLivingNews.com we take mainstream reports, and often highlight how the information they produce ought to be understood through the lens of manufactured housing.

mhlivingnews-improvedlivingforle-logo

How Can You Avoid the “Hidden Costs” of Buying A House? Just the Facts!

 

Background

I came to America by way of Hungary from Iran. My father was involved in housing and construction most of my life.  My educational background is in medicine, which is to say, science. As HUD Secretary Dr. Carson understands, science is about evidence, testing, and facts. Had the complex medical issues of our son Tamas not existed before his birth and for the years since, I’d be practicing medicine in the U.S., where I passed my medical examinations.

My degree from a European university in Hungary came “cum laude,” “with honors.”

I speak 3 languages and can read Arabic to a reasonable extent.

My article in support of then candidate Donald J. Trump was posted for several months on the president’s campaign website. It was picked up by thousands of others too.

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

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

 

My husband, L. A. “Tony” Kovach, has spent over 25 years in the Manufactured Housing Industry. I began working with him in various ways in this industry over a dozen years ago. We’ve lived in several manufactured homes, typically in a land-lease community setting.  We’ve worked together for many years in this industry, and have been to retail centers, communities and manufactured home production centers from coast-to-coast and border-to-border.  .  So, unlike many in Washington, we have true first-hand knowledge and understanding about manufactured homes today.

UMHPropertiesGoshenIndianaMHLivingNews

A UMH Property near Goshen, IN, where MHLivingNews was involved in a video project.

Over 9 years ago, we began publishing what is now known as MHProNews. About 6 years ago, we began publishing MHLivingNews.com.  Both are widely considered to be the top resources of their kind in the industry, each enjoying millions of page views and visits annually.

SunshineHomesRedBayALManufacturedHousingIndustryDailyBusinessNewsMHProNews

One of several manufacturing centers we’ve done work at, with the still above from drone footage captured by a member of our team. Sunshine Homes, Red Bay, AL. 

For a relatively small industry, that high level of engagement by the public and professionals alike should speak volumes.

ArrowheadHomesParisTNManufacturedHomeLivingNewsDailyBusinessNewsMHproNews

A retail center in Paris, TN. This is one of several that that we’ve conducted video interviews, including the one linked from this report.

We’ve been doing video interviews for about 4 years, and written interviews for about 8 years.

SamPicannaHancockHomeOwnersLATonyKovachDailyBusinessNewsMHProNews

The video still is from a video posted at this link here. It quickly shows what a true trailer house, and mobile home are, , and what a modern manufactured home is, as part of our public education efforts.

Perhaps no one in the industry today has interviewed more:

  • professionals,
  • actual manufactured home owners,
  • and informed experts,

about manufactured housing than our operation has.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

Every one of these are photos of a HUD Code manufactured home. Millions would not believe these were built in a factory. The two-level Cape Cod with the staircase is one of several upscale projects we’ve been involved in over the years.

 

I’m a co-founder and managing member of LifeStyle Factory Homes, LLC, with my husband Tony as the other co-founder and managing member.

While we are pro-industry, we have never turned a blind eye to the cases of failures, fumbles, frustrations, and fears found in our industry.  So, in our trade publishing, we’ve covered the good, bad, and ugly.  Again, as a scientist one does not advance based upon mere wishes, advancement depends upon evidence based understanding, followed by appropriate action.

Frank Rolfe, MHU/RV Horizons Protest by MHAction; Nathan Smith/SSK/MHI Flashbacks?

We also do consulting and business development services for the industry, and also for those who are entering or researching the MH Industry.

All of that and more gives our work – and hopefully these comments to you – credibility.

We routinely hear from – and engage with – the industry’s professionals, from operations of all sizes. While I’m not anywhere nearly as active on LinkedIn as my husband is, Tony has had more recommendations and endorsements – over 1,000 – than perhaps most anyone in the industry.  He likes to say that should be considered a reflection on our team’s work.

The first points to make against that backdrop are the following.

 

If Manufactured Homes Today are Such a Good Value, Why Isn’t the Industry Doing Better?

I) When newcomers and researchers (investors, non-factory built housing pros, media, others) begin to grasp the amazing value found in manufactured housing today – as opposed to the outdated myths – they often ask a variation of the following. ‘Why isn’t the industry doing much better than it is?

It’s a question we’ve dealt with at various times and ways, including our report on a powerful insight by Harvard researcher, Eric Belsky, who said this.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. in 2017, the industry failed to reach 93,000 new homes sold. What happened?

So, we’ve explored that issue several times before.  But most recently we did so in doing our analysis and fact-checks about the Urban Institute report on manufactured housing.

Those Urban Institute reports need to be read, please see those linked below, which we hope you will consider as part of this request for comment.

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

“Follow the Money” – Controversial Urban Institute Report on Manufactured Housing

Note that the Urban Institute (UI) specifically mentions the comprehensive review that HUD is undertaking, and to which my comments are responding. It is therefore reasonable to presume that UI wished to influence HUD with its controversial analysis.

It must be noted what the U.S. Census Bureau and others have documented, namely, that manufactured homes cost about half of what conventional on-site built house does to build. While some believe that is because of the use of cheap materials, HUD above all ought to know better.  There are entry level manufactured homes, that do use lower cost materials, such as ‘wrapped cabinets’, which are also found in apartments and entry-level conventional housing.

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

Then there is also residential style manufactured homes.  The interview and video linked below walks a newcomer through a better understanding of those distinctions between ‘shade and shelter’ homes,, and those that rival far more costly manufactured homes.  Note that among the videos on the page linked below are professionals who opted for manufactured homes. They could have purchased conventional housing, but saw the wisdom of manufactured homes.  The other video on that page is with Stan Dye of Star Homes in Culman, AL.  Dye specifically addresses the issue of enhanced preemption, and expresses that thought to HUD Secretary Carson.

Rapid Acceptance of Energy Star Rated, Residential-Style Manufactured Homes Proves Need, Value as Affordable Housing Solution

Manufactured Housing’s “Trojan Horse”

  • II) Facts, Frustration, Fumbles, and Fear

The typical channels of industry communications have in many cases been influenced, corrupted and undermined, as the links below reflect. That’s a bold claim that merits evidence.  We will use the word “allege” to refer to any and all references that involve third parties, because MHI connected attorneys, and MHI surrogates, have directly and indirectly threatened MHProNews in writing with litigation over our investigative reports. That said, we have always offered evidence to back up any allegation, and they have not to date filed any actions.  Why?  We believe it is because our evidence backs up the alleged concerns.

Since the report below was published, more state association executives confirmed what the initial state executives who tipped MHProNews said that sparked that account.

Even some who are not MHI members fear making a public comment about the harmful direct-or-indirect impacts allegedly caused by Berkshire Hathaway owned operations and the Manufactured Institute (MHI) that they dominate.  See one of several possible examples in the “Sparks Fly” report linked above.

Another example.

Negative media accounts, for instance, are often unrelated to MHI, though some may involve a member company.

But MHI – that Arlington, VA based MH Industry Trade Association’s – failures to engage with media, researchers, or others leaves a problematic view of manufactured housing largely unaddressed. So, while MHI don’t necessarily cause an issue, they allow it to go routinely unaddressed.

The REAL Truth, vs. Fake News, About Modern Manufactured Homes

Even when we were members of MHI, they typically gave little or no support for our pro-industry, pro-growth efforts. Why? The balance of this letter and links report help answer that question.  But the link immediately below sheds light on that ‘why.’

What Tim Williams, Dick Jennison, Rick Robinson, Lesli Gooch, et al, Taught Me About the Manufactured Housing Institute

Typical associations will promote any good news about its products or services, regardless of the source.  So why has MHI not spotlighted “good news” about manufactured home reports, such as those linked below?

 

Weather Expert’s Surprising, Bombshell Statement on Tornado Deaths and Affordable Manufactured Homes

 

Researchers Shake Up American Dream? Rent vs. Buy, Ken Johnson, Florida Atlantic University, Exclusive to ManufacturedHomeLivingNews

 

Hurricane Irma Florida Survivor Relates First-Hand Manufactured Home Safety, Durability Experience

 

Elected Official Explains Surprising Modern Manufactured Homes, Video Interview

Now these and dozens of other points are significant for HUD’s understanding and review of the manufactured housing program.

Why? Because MHI postures advocacy for the industry, but fails to take some of the most common-sense steps to make advocacy or lobbying for effective. Who says?  Often, it is award winning MHI members.

Marty Lavin Lashes the Manufactured Housing Institute’s (MHI) Latest Initiative

Logic demands that one answer the questions, why would MHI fail to do their best for the industry at large?  To what end or purpose?

Answer?  So that thousands of MH Industry Independent retailers, communities and producers can increasingly be consolidated by a handful of large and/or well-connected companies.

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

21stMortgageCorpTimWillamsJune112009LetterBerkshireHathawayWarrenBuffettClaytonHomesManufacturedHousingIndustryDailyBusinessNewsMHProNews

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

This isn’t just conjecture or incendiary claims, as the document above and the linked reports reflect. It is the obvious reality to any who study Warren Buffett’s own words, or what Kevin Clayton said in the video interview, found in the linked reports below. Again, as with other links, I’m requesting that the linked material be considered as part of this report.

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

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

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

WarrenBuffettQuotesPeverseEasyThingsDifficultChainsHabitLearnFromHistoryPeopleDontLearnFromHistoryManufacturedHousingMHI-MHProNews-768x342

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

Stating the obvious for clarity.

It must be noted that there are those who agree with these assessments, those who disagree, and others who are on the fence.  That said, sources within MHI, Berkshire Hathaway owned companies, independents and others follow such reports carefully.  They do so by the thousands, in a small industry. MHI and Berkshire Hathaway owned brands have been given numerous opportunities to respond or debate these claims.

GusRodriguezTejasHomesConroeTXIndustryVoicesDailyBusinessNewsMHProNews

MHI and Berkshire Hathaway connected firms have not accepted those offers, why not?  If these concerns would be easily disproven, why wouldn’t they reply or debate?

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNews

Again, the reason this is important is that the Trump Administration, Dr. Carson and others must understand that while they are not responsible for what MHI does or does not do,

  • the regulatory burdens that the industry has operated under,
  • combined with the other aspects of the Buffett/Clayton “Moat” principles,
  • have led to a significant consolidation of the industry since Clayton was acquired by Berkshire Hathaway in 2003.

For proof, see the MHI graphic, below.

That same pattern of regulatory, finance and other forces have caused thousands of independent retailers to fail or sell out to larger companies. All of that has contributed to the affordable housing crisis.

IBISWorldAtlanticManufacturedHousingIndustryDailyBusinessNewsResearchReportsMHProNews

 

These are examples of why my “third ask” of HUD is important. Namely, that a referral be made to the Department of Justice (DOJ) and to the Federal Trade Commission (FTC) to investigate the numerous claims of monopolistic practices by us and others that Berkshire Hathaway owned units involved in manufactured housing be investigated for anti-trust violations.  The same principle that tonight’s market report video reported, applied to Berkshire Hathaway, points out why the Trump Administration ought to pursue a breakup of Berkshire Hathaway, one that HUD could support by a referral.

Analogies That Teach Manufactured Housing Investors, Owners – Plus MHMarket UPdate$

 

What Can HUD Do and Consider About Regulatory Reforms?

Part 1 – Begin with Understanding

The foundation of regulatory reform must begin with an honest understanding of manufactured housing and the industry’s realities.  The links in this article would be just the start of such an understanding.

Common sense alone demands that a reality-based understanding of the what is vs. the outdated misconceptions regarding manufactured housing.

Then, HUD must grasp how Berkshire Hathaway owned units and their MHI non-profit are utilized to minimize the industry’s production. Why?

Because there is evidence that Pam Danner was helped by one or more MHI staff members to get and keep her job as head of the manufactured housing program as a result their influence.  While she is now removed from the program, understanding what happened, and why is critical to avoid it occurring again.

George Gunnell, WVMHI, Citing FMHA’s Jim Ayotte, Says HUD’s Pam Danner Must Go

MH Pros List “ABUSES” by Pam Danner, Current HUD Manufactured Housing Program Administrator

HUD’s Pam Danner Announces former MHI VP Lois Starkey Joining HUD

 

While MHARR, some MHI members, and others have voiced concerns about Clayton Homes and other BH owned units oversized influence over MHI, similar concerns have been expressed by

 

  • Maxine Watters (D-CA),
  • other Democratic legislators,
  • the Center for Accountability,
  • CFED rebranded as Prosperity Now,

among others.

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

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews

ManufacturedHousingIndustryMonopoly-Oligarchy-GeorgeAllen-PostedDailyBusinessNewsManufacturedHousingIndustryMHProNews-

 

Warren Buffett is widely seen as a shrewd investor. He is wise enough to allow heavy regulations to continue unabated by the association he dominates, as part of a broader plan to “widen the moat” of Clayton Homes, 21st Mortgage, Vanderbilt, et al  within the manufactured home industry.

For that MHI charade to work, they arguably must have enough ‘efforts’ that appear to busy, smaller industry players that MHI are trying to mitigate regulations.

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

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

Manufactured Housing Institute (MHI) Shifts on DOE Regulatory Rule, Report, Analysis

NAHB Report – High Cost of Regulations Impact Housing – and Manufactured Housing

Manufactured Housing Institute Outgoing Chair Tim William’s Remarks vs. MHI CEO Richard “Dick” Jennison Comments, Fact Checks

 

But the reality is that it is often only after months of spotlighting the flawed positions of MHI that they finally pivot to the position they logically ought to have taken in the first place.  The question is how can professionals so routinely make year after year of the same kinds of errors, and be rewarded for it, unless acceptable failure to mitigate regulations was part of the Buffett/Clayton goal?

If MHI actually wanted to mitigate regulatory burdens, they would more routinely work with MHARR to achieve the kinds of common sense reforms that would benefit consumers, still protect buyers, and give a level-playing field for players of all sizes.

The Pam Danner drama is a case in point, see those articles, linked above, plus this one.

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

There were many voices calling for months – in some cases, for years –  to have Danner removed from her role as the administrator of the HUD Code manufactured home program. MHI said and did many things, except ask for Danner’s removal. When others saw the wisdom of Danner being replaced, why not MHI?  Why were they (once more) so late to the proverbial dance?

It fits with what Warren Buffett and Kevin Clayton have said about their use of nonprofits, foundations or other all resources necessary to expand their influence, control and power over the industry. It is a method for widening the Clayton moat.

See the links and videos from this page for more details, which again, I’m requesting be considered as part of my comments.

Then, consider what Alan Amy said about billionaires buying up the industry.


Or what the current and past president of MHARR had to say.

People and organizations are certainly within their rights to support whatever candidates they want. But where was the logic in Warren Buffett supporting first Barack Obama, and then Hillary Clinton, when the positions they took on issues such as Dodd-Frank were the opposite of what MHI claimed they wanted in terms of regulatory relief?

 

TimWilliamsCreditLinkedIn21stMortCorpCEOManufacturedHousingIndustryMHIChairmanWarrenBuffettBerkshireHathawayChairman

Warren Buffett, right, credit Wikipedia. Tim Williams, right, credit, LinkedIn. Collage credit, MHProNews. http://www.mhpronews.com/industry-news/industry-in-focus/is-tim-williams-21st-mortgage-ceo-mhi-chair-at-odds-with-berkshire-hathaway-chairman-warren-buffett

That only makes sense in the light of the premise that Berkshire Hathaway was willing to let heavy regulations help drive others out of business, or to cause them to sell out for less than their fair market value would dictate.

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

 

Part 2 – Once Understanding Exists, Then the Actual Solutions Become Easy

First, enhanced preemption must become the lived reality of the industry.  That single step would dramatically change the industry’s realities, and would open up affordable housing opportunities in cities and towns from coast to coast and border to border.

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

 

 

Meet Donald Tye, The Flashback Fast-Forward Face of Factory-Built Homes?!

RevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword_001

Anecdotal evidence suggests that the wrong terminology impacts price. But it also impacts people’s emotions, see the poet who rejected the use of the t-word with regard to her home, by clicking the image above.

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

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

 

Two. The HUD Code is supposed to be performance based. See the video interview with prior program director, Bill Matchneer, in the report linked below.  Any efforts to move the industry towards prescribed building standards as opposed to performance based standards is a misunderstanding and abuse of what the HUD Code is supposed to do.

Three. The 10/10 rule for FHA Title I loans ought to be immediately removed, and authority for making such loans be given to responsible, proven, industry lenders.  The iron grip of Berkshire Hathaway over industry lending must be broken, if the industry is to thrive again.

There are also FHA Title II reforms needed, specifically that force a proper appraisal of manufactured homes on land-home or lease-hold scenarios.  The Title II rules for use in leaseholds also need a modest tweak that ends the need for selling a community to resident ownership within 5 years.  Doing so would open up market-rate lending to qualified buyers in lease-hold situations.  Safeguards have already been tested more than a decade ago that demonstrate that can be done in a fashion that yields performing loans.

Entry Level v Residential Style Manufactured Homes, Modular Homes and MH Appraisals – Tom Papszycki, Arrowhead Homes – Inside MH Video Interview

Four.  Removable chassis.  There is no logic for mandating that the frame and running gear must stay with the home.  The industry has asked for this common-sense reform for about 20 years.  It would save home buyers money, allow for a lower profile and more residential installation, plus is more environmentally conscious.

Five.  There are comments already posted, and linked below, on topics such as on-site completion, frost free foundations, and other examples of HUD overreach that I’d like you to consider as part of my own comments.

Federal Manufactured Housing Program Review Comments Due Next Week, 2.26.2018

Six.  The next administrator ought to be Vic DeRose, whom MHI and MHARR both agreed upon formally 4 years ago.  He, or any other person selected for this role, ought to be a non-career appointee, as the law calls for in the Manufactured Housing Improvement Act of 2000.

Seven.  Concepts were envisioned some years ago for the use of HUD Code homes in multi-story construction. In certain urban and suburban settings, these kinds of designs ought to be analyzed and put to work.

MobileHomesMultiStoryDailyBusinessNewsMHProNews

MultiStoryMobileManufacturedHomesSteelFrameDailyBusinessNewsMHProNews

The Bottom Line

Vice President Mike Pence, who sources say is well informed on manufactured housing because he was governor in a HUD Code manufactured home producing state, said several times last year that the Trump Administration should be in the promise keeping business and should enforce the law.

If the Manufactured Housing Improvement Act of 2000, enhanced preemption and the points noted above are put to work, the cost for housing programs would come down naturally in the years ahead, because private enterprise would be free to create more affordable housing by using manufactured homes.

Thank you for your consideration of these thoughts and suggestions.  Please consider our operation for any further needs that HUD may have in making these reforms a reality.

Respectfully,

Soheyla Kovach, MD.

Note: again, the above is a reflection of comments from this writer to HUD. Industry members and all others interested in manufactured homes can submit comments via the link below.

https://www.regulations.gov/comment?D=HUD-2018-0006-0001

For more details about submitting your own comments, click the article linked below.

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

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Weekly news tips, often the personal insights and experiences of readers sparked by a report you are reading, are how many stories begin or develop. Sources can be on or off he record. To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

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

February 14th, 2018 Comments off

ManufacturedHomeRetailerMobileHomeDealerDailyBuisnessNewsMHProNews

I’ve always believed MHI does the bidding of the big manufacturers and now REIT communities,” said an email from a state association leader with ties to the Manufactured Housing Institute (MHI) to the Daily Business News.

 

It was a comment sent in connection to a forwarded news tip from another state association.  That message and related commentary about it from the Department of Housing and Urban Development (HUD) – in reaction to the message – will be the focus of a report planned for Thursday, 2.15.2018.

The answer is for the states to rebel [against MHI],” said the same state association source. “But they [other states, beyond those that have already quit] won’t for reasons I’ve only lately understood.”

That reason? The association leader explained.

Why does Clayton [Homes] dominate many state association? Attrition. The decline in independent retailers who used to dominate the states.  AZ has lost 60% of their retailers since….wait for it…2011.”

The message went on with more details to MHProNews, that if published may reveal the source.

 

Another Source Comments

 A state association with close ties to Clayton and MHI sent a message out to a number of board members.

One (or more…) sources connected to that board forwarded the message onto MHProNews, as news tips.

That’s what the source above was reacting to, with the comments published above.  When another independent industry operation from yet another state was shown the message, and asked to react, that company president said to MHProNews,They think they own us.”

Industry readers are reminded of what the Atlantic and IBISWorld predicted in 2011.  Note what took place in the state mentioned above since that date? A reported 60 percent additional decline in independent retailers.

IBISWorldAtlanticManufacturedHousingIndustryDailyBusinessNewsResearchReportsMHProNews

 

How Much for Selling Out to Clayton…?

 Industry retailers who have sold out to Clayton Homes, or have discussed a Clayton buyout have told MHProNews that the Knoxville metro based company “doesn’t pay much” for their business.

 

The main thing they [Clayton] do for you is if you stay and manage the sales center for them, you’ll sell more homes with VMF’s [Vanderbilt] lending.  They show you how VMF buys deals that 21st [both owned by Berkshire Hathaway] won’t.”

Zero Down Payment – not Land in Lieu – Manufactured Home Chattel Lending Program

That’s a complaint reported on previously by the Daily Business News, as the report linked above reflects.

 

“Lost Dealers,” Means Lost Independent Production Companies

 MHProNews  previously reported an MHI document, shown below, which reveals how many independent producers have been “consolidated since 2011.

MHI-21stMortgageKevinClaytonClaytonHomesManufacturedHoomeCorporationsPlantsDailyBusinessNewsMHProNews_001

Notice that the number of production centers has held pretty steady for the years the statistics reflect, but the number of independently owned producers are 1/3 lower during that same timeframe.

 

Some independents believe if “the Feds” or other legal action don’t step in with an anti-trust action against Berkshire Hathaway, even more companies will be lost in the near term.

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

One of several points missed by the recent Urban Institute report on why manufactured housing isn’t doing better is precisely because there are fewer independent retailers, and producers than even a few years ago.

Former Clayton manager Ken Corbin called it the “10,000 [retailer] drop.”

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

As an independent told MHProNews today, he knew many independents that closed or sold out for “nickels on the dollar,” adding three words. “Tragic, and heartless.”

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

NOTICE:  Watch for a Special Report on HUD’s reaction to Claims Attributed to the Manufactured Housing Institute (MHI) , planned for Tomorrow, 2.15.2018.

 

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Weekly news tips, often the personal insights and experiences of readers sparked by a report you are reading, are how many stories begin or develop. Sources can be on or off he record. To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

Warren Buffett’s Political Payoff$, THIPS, and Manufactured Housing

January 23rd, 2018 Comments off

WarrenBuffettMedalofFreedomAwardfromBarackObama2010-UPI-DailyBusinessNewsMHProNews525

The “Oracle of Omaha” billionaire whose Berkshire Hathaway owns several manufactured housing (MH) brands, backed Barack Obama for the White House, twice.

Before looking at what that Warren Buffett support for Mr. Obama did for Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other Berkshire MH brands, let’s peek at what Buffett’s backing of President Obama earned Berkshire in a venture outside of the MH field.

 

Truth Hiding in Plain Sight (THIPS) – Buffett, Clinton, Obama and “Political Payoffs”

There are some things that analogies or parallel examples can clarify.

So, before turning to the affordable manufactured home MH industry, this report will begin by looking at how Warren Buffett profitably leveraged political relationships – outside of manufactured housing.

Specifically, Buffett’s Berkshire’s acquisition of the railroad giant, Burlington Northern, Sante Fe (BNSF).

Mother Jones noted that Warren Buffett supported the political career of Barack Hussein Obama some years before he ran for the presidency.

Buffett backed Mr. Obama’s successful run for the U.S. Senate seat in Illinois.  He later twice supported Obama’s run for the Oval Office.

As POTUS Obama’s Secretary of State, Hillary Clinton’s State Department duly dragged their feet for years on the Keystone XL pipeline deal.  The State Department had to authorize Keystone for it to proceed. As ThoughCo wrote last year,  “The Department of State did not issue a permit for the Keystone XL pipeline while Clinton served as secretary of State.”

When oil isn’t moved by pipelines on land, it is commonly shipped by rail or trucks.

And whatever is good for crude by rail, is good for railroads. Particularly those with a northern footprint, such as Burlington Northern Santa Fe. In 2010, Warren Buffett’s Berkshire Hathaway acquired BNSF for $26.5 billion,” reported right-of-center Forbes.

The Congressional Research Service estimates that transporting crude oil by pipeline is cheaper than rail, about $5/barrel versus $10 to $15/barrel, per the left-of-center NYTimes.

Lower oil and energy prices are better for most businesses and consumers.  So why didn’t the arguably safer pipeline method prevail during the Obama years?

The data on transporting oil via various methods of delivery demonstrates that none of the methods are error-free.  They all come with risks – environmental, and in terms of worker-injuries.

EnvironmentSafetyCronyCapitalistObamaAdminKeystoneWarrenBuffettBerkshireHathawayBNSF-DailyBusinessNewsMHProNews600

 

The left-of-center Huffington Post reported in 2013, “Using data from the U.S. Department of Transportation between 2005 and 2009, the study found the rates of injury requiring hospitalization in the U.S. were 30 times lower among pipeline workers than rail workers involved in shipping oil.

For truck transport, the difference is even more stark, with an injury rate 37 times higher than oil transport by pipeline.

When it comes to spills, road transport fared the worst, with nearly 20 incidents per billion ton-miles. Rail had just over two incidents per billion ton miles while pipelines had less than 0.6 per billion tonne [sic] miles.

The report notes that pipelines tend to release more crude per spill than rail, but much of that is often recovered quickly.

With pipelines such as the controversial Keystone XL pipeline — which would connect Canadian crude to Texas refineries — in regulatory limbo, producers have been increasingly turning to rail to get their crude to market.

But concern over the safety of using that mode of transport has intensified since a runaway crude-laden train derailed in Lac- Megantic, Que., this summer, killing 47 people and destroying much of the downtown area,” per HuffPo in Canada.

 

WarrenBuffettBarackObamaClassWarfareRichMakingWarWinning-Rule1NeverLoseMoneyRule2RememberRule1Luckiest1PercentThinkaboutOther99PercentMHProNews

Interesting Buffett quotes, but how have they played out in practice?  Credits are as shown.

So, the Obama Administration’s “no” on the job creating Keystone XL pipeline – statistically-safer, said WaPo than trucking or rail – could certainly be viewed as a policy gift to Warren Buffett/Berkshire Hathaway, among others.

While often talking about the “Buffett Rule” on tax policy, heavy regulations and then-current tax policies were harming smaller players, in favor of big donors, during the Obama Administration.

The Buffett rule never became law during the Obama years.  Rather, the Buffett Rule was a nice-sounding talking point, suitable for appeasing the growing numbers who don’t understand the distinctions between socialism and free markets.  It was a way of appealing to a growing left-leaning base, while still rewarding big money “Wall Street” type donors.  To rephrase, it was a head-fake to voters, while raking in money from billionaires and big business, like Buffett.

 

Warren Buffett, along with left-leaning George Soros and others, says the Chicago Tribune, are among the supporters for the Obama Foundation.

The foundation is raising money by the millions, from mostly politically left-leaning groups.  It should be noted that Soros-backed groups have been heavily involved in organizing anti-President Donald J. Trump protests, and the related anti-POTUS Trump “resistance.”

The economy is demonstrably turning from tame to tiger since Mr. Trump became the winner of the 2016 presidential race.  So, why would billionaires – such as Buffett or Soros – support anti-Trump efforts?  While some prominent billionaires on the left claim to care about the poor or ‘income inequality,’ the still new Trump-era is already economically benefiting minorities, workers, and all other economic groups.  So where is their beef?

Or is it because once you have plenty of money, political power is next?

Big brother governments are necessary for ‘crony capitalism.’  If Mr. Trump was the fascist that left-leaning protesters errantly claim, POTUS is showing it in odd ways.  Because by rolling back regulations, the president is reducing executive power, not increasing it.

UrbanDIctionaryPresidentOfTheUnitedStates=POTUSDailyBusinessNewsMHProNews

What President Trump’s policies are doing is helping American wage growth, should help public safety, and should benefit small to mid-sized businesses to compete more evenly with corporate giants.  That’s why National Federation of Independent Businesses (NFIB) and other business groups have supported it.

As the Daily Business News has previously reported, Democratic President John F. Kennedy and GOP President Ronald Reagan both cut taxes, and watched revenues briefly, dip, then soar as the economy took off both times.

KennedyReaganTaxReformChartDailyBusinessNewsMHProNews

HeritageKennedyReaganTaxCutsWorkedDailyBusinessNewsMHProNews

Surely, a genius who enjoys history, as Buffett does, knew about those historic events and outcomes.  Then why even pay lip service to support policies that harm small business, and the middle class?

Buffett’s Crony Capitalism, Heavy Regulations, and Manufactured Housing

Crony capitalism isn’t new.

But how media, messaging, and narratives are forged today as powerful tools of influence can create an impression that is different than the reality.

As right-of center Townhall’s Guy Benson said, “propaganda works.”  Part of the essence of propaganda is repeating a message over and over, until that message is accepted as true, even if it may be a half-truth, or is an outright lie.

Buffett has, as fellow Democrat Maxine Waters said, cast himself as a folksy billionaire.  Buffett’s politics have clearly benefited from those he has backed. Words said one thing, realities meant another.

 

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

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

In the matter of allegations of racism and steering, it is interesting to note that Charlie Munger, Buffett’s right-hand man at Berkshire Hathaway admitted in a generic way during an interview that there is a likelihood that someone has done something wrong in their manufactured housing units.

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

I have no doubt that somebody, somewhere that’s cheated some poor person,” Munger said in response to a question about the allegations against Clayton Homes and their related lending units, per the video from left-of-center, CNN Money.

 

The Buffett Way?

As the Daily Business News previously reported, applying Buffett’s words to his actions reveals an apparent pattern.

That pattern?

Using the power of the government, leveraged by political support, plus capital that gives his operations an advantage.

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

Combined with Buffett’s “the moat” principle – heavily underscored by Kevin Clayton in the video interview found at the link below –

  • heavy regulations,
  • control over financing and capital,

yields a powerful pattern that people across the political spectrum believe is monopolistic in nature, when it comes to manufactured housing.

 

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

Monopolies – also known as ‘trusts’ – are harmful to free enterprise, and that is why anti-trust (anti-monopoly) laws can come with both civil, and criminal penalties.

ManufacturedHousingIndustryMonopoly-Oligarchy-GeorgeAllen-PostedDailyBusinessNewsManufacturedHousingIndustryMHProNews-

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews-575x237

While MHI’s SVP Lesli Gooch has denied the charge, Doug Ryan at CFED, and long time MHI member, George Allen, are among those who’ve raised the issue of monopolistic practices by MHI. 

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

It must be noted that Clayton said in this video interview that Buffett told him they have ‘plenty of money.’

Yet, Tim Williams of 21st Mortgage, in the two “smoking gun” letters previously reported on the Daily Business News, claimed that capital had to be restricted.

That restriction of Berkshire’s capital tilted clearly toward Clayton Homes.  See it on 21st letterhead, with Tim William’s signature at the bottom. What more do regulators or attorneys need?

21stMortgageCorpTimWillamsJune112009LetterBerkshireHathawayWarrenBuffettClaytonHomesManufacturedHousingIndustryDailyBusinessNewsMHProNews

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

21stMortgageCorpLetterToRetailersClaytonHomesBerkshireHathawayDailyBusinessNewsManufacturedHousingIndustryMHProNews

Before the time that the Manufactured Housing Institute (MHI) was dominated by Berkshire Hathaway, MHI pointed to Eric Belsky from Harvard, claiming manufactured homes would dominate over conventional housing.

Before Berkshire’s dominance, MHI was promoting mortgages over chattel lending.  What happened?

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

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

Kevin Clayton, in the video above, noted the affordable housing crisis right from the outset of his video.  But he also noted that Buffett would not mind losing money for even 5 years, so long as it would build their “moat.”

Clayton said Buffett told his corporate CEOs very few things, but among them, was to push “the moat,” and to use every competitive advantage they could to beat their competitors.

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

All of that and more, is found in Kevin Clayton’s own words, in the video and related report, above.

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNews

Seen in that light, the Manufactured Housing Institute – whose revenues and executive committee structure are both dominated by Clayton Homes/21st and related Buffett brands – isn’t it clearly acting in ways that are, as Mark Weiss, JD, President and CEO of MHARR recently put it, ‘a pure gift’ to Berkshire Hathaway?

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

Bullets

By cutting off capital to lending that was available, as Kevin Clayton said in the video from that same time-frame, that action over-time forced hundreds of manufactured home independent companies to:

  • sell out for less,
  • close their doors,
  • or struggle for survival and dramatically reduced levels of competition.

GusRodriguezTejasHomesConroeTXIndustryVoicesDailyBusinessNewsMHProNews

That in turn put several manufacturers out of business, at the very time that Belsky projected that manufactured housing would overtake site built housing.

ManufacturedHousingIndustryShipmentsFEMAManufacturedHomesNotMobileHomesTrailersIndustryResearchReportsDataMHProNews

Credits, MHI, Cavco.

Big business is widely seen as more able to endure heavier regulations.

In manufactured housing – the following MHI u-turns and policy failures become more clear, in the light of the patterns reported and linked herein.  The four examples below make the point.

  • CFPB/Preserving Access to Manufactured Housing Act
  • HUD
  • DOE
  • DTS
TimWilliamsCreditLinkedIn21stMortCorpCEOManufacturedHousingIndustryMHIChairmanWarrenBuffettBerkshireHathawayChairman

Warren Buffett, right, credit Wikipedia. Tim Williams, right, credit, LinkedIn. Collage credit, MHProNews. http://www.mhpronews.com/industry-news/industry-in-focus/is-tim-williams-21st-mortgage-ceo-mhi-chair-at-odds-with-berkshire-hathaway-chairman-warren-buffett

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http://www.mhpronews.com/blogs/daily-business-news/major-shakeup-hud-manufactured-housing-program-danner-starkey-manufactured-housing-industry-regulators-associations-mhi-mharr-special-report/

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

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

NAHB Report – High Cost of Regulations Impact Housing – and Manufactured Housing

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

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

All of this points to a troubling pattern of MHI taking positions that were contrary to common sense, and/or contrary to the interests of the small- to mid-sized industry players.

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

Yet, each of these stances obliquely beneficial to Berkshire Hathaway, Clayton Homes and their lending and other divisions.

How so?

Because they tended to increase, or maintain, or failed to mitigate, heavy regulations which in turn harms smaller competitors.

What the National Association of Manufacturers (NAM) reports could be applied to manufactured housing producers too.

 

NAMCostForComplianceDailyBusinessNewsMHProNews

 

A combination of problematic actions – perhaps in violation of anti-trust or other laws – can explain why MHI, as a tool of Berkshire Hathaway, has routinely failed to perform in ways that benefited the majority of manufactured home industry members. 

The big players, however, do benefit from MHI’s behavioral pattern, say sources, many from within MHI.

Isn’t that in keeping with Kevin Clayton calling Buffett a genius in the video?

Or in applying Buffett’s words about long-term strategic thinking, vs. short term thinking that has plagued the industry for years?

 

Warren Buffett supported Mr. Obama and then Ms. Clinton.

Both promised no changes to the CFPB.

Without a GOP super-majority, with those Democrats in power, it is clear in hindsight that the Preserving Access to Manufactured Housing Act was a fool’s mission.

MHI’s own vice-president said that in his own words, in the report linked below.

JasonBoehlertManufacturedHousingInstituteSeniorVPLogoMHIlogoQuoteMHProNews

MHI’s own VP said in an on-the-record statement that with Obama back in the White House, the MH Industry odds of passing Dodd-Frank reform was minimal. So why waste millions of dollars pursuing it? Is it because it benefited MHI’s major player, Berkshire Hathaway? http://www.mhpronews.com/blogs/daily-business-news/manufactured-housing-institute-vp-revealed-important-truths-on-mhis-lobbying-agenda/

Prominent MHI member Frank Rolfe, and others inside and outside of MHI said similarly.  In Rolfe’s case, he did so, until his own ties to Berkshire Hathaway’s 21st Mortgage, et al could have led to his ‘self imposed’ silence since he torched MHI’s failures.

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

And just days before the tight 2016 election, MHI had not one, but two paid speakers who were pro-Clinton, even though her stated policies were inferior when compared to those of Donald Trump.

So why did Buffett back Clinton?  Wouldn’t Clinton’s election be like stopping Dodd-Frank reform, yet again?  Isn’t it now obvious that MHI has been duping hundreds of honorable, smaller companies to the advantage of a few bigger firms that could consolidate them?

The Truth Hiding in Plain Sight (THIPS)

While in a technical, legal sense there may be conspiratorial/anti-trust/RICO aspects to the Buffett/Berkshire Hathaway/Clayton Homes, et al actions, the bulk of the evidence is now hiding in plain sight.

Using Sam Zell’s ‘math,’ it was a combination of leveraging their capital/lending, with their considerable political influence.  Let regulations, and a lack of capital, force independents out of business.

It’s simple yet brilliant, just as Buffett himself – or Kevin Clayton said – in the linked reports and video.

MHProNews has offered numerous opportunities for MHI and Berkshire Hathaway brands to explain and/or defend these actions, if they could.  Silence, ducking, dodging, and other tactics have followed instead of a sensible explanation.

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNews

In an upcoming Daily Business News on MHProNews report on Richard “Dick” Jennison, HUD Code manufactured home industry readers will see how Jennison’s words and behavior complete the picture painted in the report above.

Readers will also see a reason why Jennison did as asked.  Stay tuned.

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

Related: The problems above point to opportunities in disguise for those willing to pivot, based upon the evidence.

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.