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ECN Triad Financial Services – Fascinating Facts, Manufactured Home Industry Professionals, Investors

January 25th, 2018 Comments off

ECNCapitalTriadFinancialServiceslogoFascinantingFactsDailyBusinessNewsMHProNews

Triad Financial Services is now part of Canadian based ECN Capital, a publicly traded company, as the Daily Business News has previously reported.

ECN/Triad produced a power point designed for investors. 

Three of those slides have been published on MHLivingNews, as part of a broader report for savvy shoppers of manufactured homes. 

 

That MHLivingNews report is linked below.  It includes a video produced for the FMHA, which thousands of industry professionals should also find of interest.

U.S. Association, Plus Canadian-Owned U.S. based MH Lender Release Video, Facts on Modern Manufactured Homes and MH Homebuyers

Those ECN Triad slides are posted below, because they are useful to the industry’s understanding of its customer base. 

BusinessOverviewECNCapitalTriadFinancialManufacturedHousingLendingManufacturedHomeLivingNews_001

 

WhatAreManufacturedHomesManufacturedHomeLivingNewsTriadFinancialServicesECNCapital

CreditQualityECNTrianFinancialServicesManufacturedHomeLivingNews1

The credit quality attracted by Triad is similar to that of conventional housing buyers, perhaps slightly better. This is good news for the industry and its investors. It should be eye-opening for those who struggle to get 600 credit score buyers.

Fishing in the Right Pond’

As Credit Human’s Barry Noffsinger said in the 16 minute video posted above, the better credit scores are buying site built houses, but Triad, Credit Human and others demonstrate that they routinely make loans to that same credit profile.

The industry can be proud of loans made that lead customers with problematic credit histories into successful becoming home owners.  That’s a big market. 

But the largest market, as Noffsinger and NAR research alike point out, are those site built buyers.

Learning how to attract those buyers is a key to advancing the industry retailers, communities and developers in local market(s) to its potential.   ## (News, analysis, and commentary.)

Related: To Learn More, click the report below.

KYPs, and the $64 Billion Dollar Question-Monday Morning Manufactured Housing Sale$ Meeting

(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.

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

January 23rd, 2018 Comments off

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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.

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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.

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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.

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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

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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 Gold Rules,” Tim Williams/21st Mortgage, MHI VP, State Execs Conference Call

January 22nd, 2018 Comments off

GoldRulesTimWilliams21stMortgageCorpDailyB usinessNewsMHProNews

The traditional golden rule is, “Do unto others as you would have others do unto you.” (Mt. &;12, Lk. 6:31)

The new secular golden rule goes like this. “Cash is king,” so “he who has the gold, rules.”

Knowledge is potential power.

The reason thousands of manufactured housing industry owners, executives, managers, rank and file attend industry meetings and events is precisely to gain knowledge.  Properly understood and applied, knowledge can lead to profits through implementation of what’s learned.

While there are no known statistics, arguably the largest percentage of the manufactured home (MH) industry’s non-corporate meetings are organized by state and community trade associations.

Those state or regional associations are widely seen as the front-lines of the industry’s collective efforts to protect, educate, and promote (P.E.P.) the industry with elected and appointed officials.

As award-winning industry veterans –  such as Bob Crawford of Dick Moore Housing – have told the Daily Business News, those state trade groups are often far more effective at getting things done than the national umbrella group, the Arlington, VA based Manufactured Housing Institute (MHI) has been in recent years.

BobCrawfordDickMooreHousingFrankRofleRVHorizonsMobileHomeUniversityTunicaShowManufacturedHousingIndustryMHProNews

Bob Crawford has said that MHI is at best a “5 out of 10” – a failing grade – while Frank Rolfe has said that he is from Missouri, and Preserving Access was unlikely to pass. Both have proven insightsightful on these issues.

Preserving Access ‘Strong-arm Tactics,’ Evidence of Monopolistic Power? 

In the wake of recent reports, sources tell MHProNews about a conference call between then Manufactured Housing Institute (MHI) VP Jason Boehlert, state association executive directors, and 21st Mortgage President and CEO, Tim Williams.

Boehlert had complained that “state execs” were not giving the level of support they needed to move Congressional representatives to support the then-new Preserving Access to Manufactured Housing Act.

So, on a conference call arranged by Boehlert with state executives, the MHI VP made a brief introduction, and then Tim Williams, President and CEO of 21st Mortgage Corp took the lead on the call.

Per sources, Williams reminded each of the states that his company was a member of their associations.

If they failed to get on board with lining up congressional support for their Preserving Access bill, Williams would pull 21st’s support from their association.

It’s not the amount that 21st pays directly,’ one source told the Daily Business News.

Finance company member dues are fairly modest in most states. A far greater amount is paid by 21st to numerous states to co-sponsor their annual meeting.’

But those co-sponsor dollars could also be replaced with some efforts, a source stated.

The bigger threat is if Clayton Homes would follow 21st’s lead.

If 21st pulled their support from a trade group, then Clayton could be next. If Clayton and other Berkshire Hathaway owned manufactured housing operations pulled their dues from state associations, that could put the existence of most any of them into jeopardy.

It was a power play,” to force executives to follow Boehlert’s – meaning MHI’s lead.

It’s a clear sign of the practical ways how the Berkshire Hathaway “monopolistic hold” over the industry operates, sources said.

And all that on an issue that Boehlert said in writing was unlikely to pass.

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

Was it in part a head fake?

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

To create an impression of action on an issue that Berkshire Hathaway would win on, regardless if the bill ever passes or not?

 

Money is Power

A number of states, per association execs to MHProNews, have fifty percent or more of their dues revenues from Berkshire Hathaway brands.

In the case of Preserving Access, that bill’s points-and-fees provision, per opponents, primarily benefited 21st and Vanderbilt Mortgage.  Yet, it would take center stage as the industry’s lobbying by MHI in Washington, D.C., and the respective district congressional, or senatorial offices.

 

I’m not sure that Preserving Access should be an issue at all in the Trump Administration,” as association source said, because “The new administration wants to do away with the CFPB altogether.”

State execs have their hands full with state-level lobbying, as well as zoning and related challenges,” an exec told MHProNews.But we were given no choice.”

In the light of those insights, MHI and their new government relations SVP, Leslie Gooch, Ph.D., are now treating state execs as their “boots on the ground,” as MHI’s unpaid front line.

That, some veteran execs privately said, was never supposed to be the MHI relationship model between the national and state associations.

Flash Forward Communications to the Industry from Associations

While there are state associations that provide insights and comments to MHProNews, others – per sources – are being intimidated into silence.

They [MHI] have sent the message in several ways, including their copyright statement at the end of their emailed messages.” Those copyright statements were not their a few years ago. Sources inside MHI and observers outside believe that was an effort by them to control the narrative around issues they wanted to mobilize industry support.

Another association executive went further, describing how he was directly contacted by MHI’s General Counsel, Rick Robinson, as part of a discussion on how to “stop the leaks” of MHI information going to MHProNews.

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNews

MHI’s SVP, Rick Robinson, J.D., is not the only one from the Arlington, VA based who has publicly ducked out on taking serious questions. MHI President, Richard, “Dick” Jennison cancelled “at the last minute” on a presentation in Louisville, knowing that MHProNews had called upon industry members to ask Jennison several pointed questions about the association’s performance. The logical questions must include, if MHI has such a strong track record, what do they have to hide? Why not take questions from the industry’s most popular trade media?

Forwarding an MHI email to the Daily Business News is being seen by MHI as ‘leaking’ information.

But other execs, while remaining more low profile on how they share insights, continue to do so.  As an upcoming Masthead post will soon spotlight, a pair of state associations have withdrawn from MHI, as frustration with the Arlington-based association is growing. Those not financially bound by Berkshire Hathaway are exploring other options.

I don’t have to necessarily agree with what you publish,” said one source to the Daily Business News,to believe there is value to having multiple sources of information and insights for our members and others.’

Rephrasing, they don’t want to see the Berkshire Hathaway dominated MHI be the only source for industry news.  While there are bloggers and others who do ‘newsletters’ or commentary, they often mimic the MHI ‘party line.’

RichardDickJennisonManufacturedHousingInstituteMHIPresidentCEOLouisvilleManufacturedHomeShow2018DailyBusinessNewsMHProNews

As Richard ‘Dick’ Jennison dramatically demonstrated in Louisville last week, MHI and their powers-that-be clearly don’t want to be fact checked.

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

What Happened-Manufactured Housing Institute (MHI), Richard “Dick” Jennison Presentation Day 1, 17.2018, Louisville Manufactured Housing Show?

The reports came in the wake of the Kevin Clayton video interview and related reports about Berkshire Hathaway muscle over the industry at large.

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

 

The remaining state association execs may or may not agree with the MHI/Berkshire Hathaway agenda.

But if they like their jobs, most will be supportive publicly – even if they keep silent or neutral privately – on issues related to their lobbying agenda, or Berkshire Hathaway, sources tell MHProNews.

As more than one association source has said, it is yet another confirmation that the MHI system is rigged against independents, and smaller players.

Yet, MHI is still boldly asking for dues from independents, who are arguably being harmed by MHI’s failed agenda.

 

ManufacturedHousingInstituteMHILogo2017SnapshotFactchecksDailyBusinessNewsMHProNews-1-768x711

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

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

One more point was made by an association leader, which is ‘the good’ that MHI does bring to their table.

They do give us emailed reports on local issues through a third-party service they [MHI] subscribe to.  It’s helpful, and in the case of our state, we couldn’t afford to do it on our own.’

So, there are carrots and sticks between MHI and the various state and community associations.

Until someone creates a new national association that does the good stuff that MHI does, and avoids the bad,’ an executive told the Daily Business News, expect that the states will have no choice but to continue to do what they are told.’

These reported insights tends to confirm previous allegations involving MHI and Berkshire Hathaway manufactured housing industry brands.

So, while state or community associations are reliable on their state’s or regional jurisdictional issues, when it comes to MHI related topics, expect that content to be “weaponized.”

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

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Financial Services Updates, Manufactured Housing Connected Market UPdate$, 1.19.2018

January 19th, 2018 Comments off

CNNmoney1.19.2017ManufacturedHomeStocksMarketsReportsMHProNewsThe House Financial Services Committee provided the Daily Business News with several updates on housing related bills, which will be tonight’s spotlight report.

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

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

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

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

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

Selected headlines and bullets from CNN Money:

    • Fed official lays out plan for easing bank rules
    • Trump Jr. to host Trump Tower buyers from India
    • Tide Pods: P&G’s big innovation gone wrong
  • GE has its worst week since the Great Recession
  • What happens at Davos? It depends on who you ask.
  • Delta changes rules for flying with service animals
  • Two bitcoin traders charged with fraud
  • Stocks are on fire. What could go wrong?
  • Here’s how dire the situation in Venezuela has become
  • Amazon hikes monthly Prime membership
  • Meet the godfather of driverless cars

 

Selected headlines and bullets from Fox Business:

  • Neutron Jack Welch is going nuclear over GE meltdown
  • GE shares stumble to worst week since financial crisis
  • Wall Street ends higher despite government shutdown threat
  • Investors shouldn’t fret a government shutdown
  • No deal reached as Schumer, Trump meet to avert government shutdown
  • Facebook won’t bid on NFL ‘Thursday Night Football’ rights: Report
  • Amazon hikes prime membership fee
  • What Apple’s employee bonus says about the job market
  • Amazon effect steamrolling the restaurant industry

 

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

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

S&P 500 2,810.30 +12.27(+0.44%)

Dow 30 26,071.72 +53.91(+0.21%)

Nasdaq 7,336.38 +40.33(+0.55%)

Russell 2000 1,597.63 +20.90(+1.33%)

Crude Oil 63.57 -0.38(-0.59%)

Gold 1,331.10 +3.90(+0.29%)

Silver 17.02 +0.07(+0.42%)

EUR/USD 1.222 -0.0022(-0.18%)

10-Yr Bond 2.637 +0.026(+1.00%)

9MarketIndicatorsYahooFinance1.19.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

 YahooFinanceManufacturedHousingCompValue1.19.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

 

Hensarling Applauds Mulvaney’s Call for Review of CFPB Practices, Payday Lending Rule

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement applauding the Consumer Financial Protection Bureau’s (CFPB) announcements that it is undertaking a sweeping review of agency actions and practices, and that it would revisit a controversial rule relating to payday lenders which was issued by the former director before he left office.

I want to take this opportunity to commend Acting Director Mulvaney on his recent call for evidence of the CFPB’s track record under its previous leadership. As I have said for years, the CFPB has an important mission, and it is capable of great good.  But when it acts without accountability or transparency, it is also capable of great harm.  The federal government must root out fraud and other illegal acts perpetrated by those engaged in interstate commerce, but Congress must also protect the American people from overreach at the CFPB, which infringes on consumer choice and economic freedom under the guise of consumer protection.”

MH Finance Earthquake Coming? Trump Admin Master Stroke? Defanging CFPB, Manufactured Housing Impact?

Mulvaney said after our report linked above during the “Schumer Shutdown” presser that it was his intent to follow the law on the CFPB.

 

FinancialServicesCommitteeLogoMHProNews

H.R. 2954, the Home Mortgage Disclosure Adjustment Act, sponsored by Rep. Tom Emmer (R-MN), amends the Home Mortgage Disclosure Act of 1975 to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each of the two preceding calendar years, fewer than 500 closed-end mortgage loans, and fewer than 500 open-end lines of credit.

 

This bill passed 243-184.

 

H.R. 3326, the World Bank Accountability Act of 2017, sponsored by Rep. Andy Barr (R-KY), would withhold a portion of future appropriations for the World Bank until the Treasury Department reports that the World Bank has undertaken reforms to fight corruption, strengthen management accountability and undermine violent extremism.

 

This bill passed 237-184

 

H.R. 4279, the Expanding Investment Opportunities Act, sponsored by Rep. Trey Hollingsworth (R-IN), directs the SEC to amend its rules to enable closed-end funds that meet certain requirements to be considered “well-known seasoned issuers” and to conform the filing and offering regulations for closed-end funds to those of traditional operating companies. This simplifies the registration process and enables these funds to more easily provide information to investors.

 

This bill passed 418-2.

 

H.R. 4258, the Family Self Sufficiency Act, sponsored by Reps. Sean Duffy (R-WI) and Emanuel Cleaver (D-MO), relieves the regulatory burden that currently exists to administer the Family Self-Sufficiency (FSS) program by combining two separate Department of Housing & Urban Development’s (HUD) programs into one. The bill also broadens supportive services provided to participants and allows tenants who currently reside in privately-owned properties with HUD project-based assistance to participate in the program.

 

This bill passed 412-5.

 

H.R. 770, the American Innovation $1 Coin Act, sponsored by Rep. James Himes (D-CT), creates a program under which the United States Mint would produce a series of one-dollar coins celebrating the innovative capacity of the United States. The front of the coins would have an image “symbolic of Liberty,” and the design on the reverse would be “an image or images emblematic of one of a significant innovation, an innovator or pioneer, or a group of innovators.”

 

This bill passed by voice vote.

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

Profitable Insight$ – POTU$ Trump Effect on MH Stock$ at 1 Year, Part 4

Suppliers LPX, Patrick, Manufactured Home Builders Nobility, Skyline Homes – the Trump Effect on MH Stocks, Markets Part 3

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

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).

 1.19.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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 a recent round of 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.)

(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.

MH Finance Earthquake Coming? Trump Admin Master Stroke? Defanging CFPB, Manufactured Housing Impact?

January 19th, 2018 Comments off

MickMulvaneyCFPBInterimDirectorPoliticoDailyBusinessNewsMHProNews

The last quarter when Richard Quarter was director of the Consumer Financial Protection Bureau (CFPB), left-of-center Politico reports that, “former director Richard Cordray asked for $217.1 million. Cordray, an appointee of President Barack Obama, needed just $86.6 million the quarter before that.”

 

According to more centrist Reuters, what did Trump’s interim CFPB director ask for his quarterly funding from the U.S. Treasury?

Zero.

Nadda.

Send no more money.

The move by Mulvaney, a vocal agency critic who is also is Trump’s budget chief, has spurred concerns among consumer advocates,” per Reuters.

Could it signal an intent by the Trump Administration to gut the agency, by defunding it?

If so, would that leave onerous regulations manufactured housing regulations – such as points/fees thresholds, and the MLO rule – unenforced, and de facto ended?

Mulvaney said he plans to spend down a $177 million reserve fund,” as part of his contribution to the deficit.

What will happen beyond that is uncertain.

But the Trump Administration – through vocal CFPB critic Mulvaney – could be signaling the next round of D.C.’s anti-swamp warfare. As Mulvaney said after his first day as acting director: “Elections have consequences at every agency.”

The Daily Business News will continue to monitor these developments for the industry.

MHProNews is herby calling upon the Manufactured Housing Institute (MHI) to reveal all of their messages and/or meeting minutes since Mulvaney has taken over at the CFPB.

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

Doesn’t MHI needs to be transparent about if they are truly trying to achieve their claimed changes to Dodd-Frank, or not? “We Provide, You Decide.”

© ##  (News, analysis, commentary.)

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

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MH Resistance – Unmasking, Demystifying, Manufactured Housing Industry’s Roadblocks

January 19th, 2018 Comments off

MHResistanceUnmaskingDemystifyingManufacturedHousingIndustryRoadblocksDailyBusinessNewsMHProNews

Broadly speaking, there are two sets of roadblocks or choke points to the manufactured housing industry’s growth.

 

They are?

Internal road blocks, and external ones.

The nearly concluded Louisville Manufactured Housing Show marks 50 years of Show Ways Unlimited’s Dennis Hill’s leadership of the event.

Every significant event in the industry creates numerous opportunities for interaction between the factory-built housing professions members, as well as for newcomers to the industry.

2018LousivilleManufacturedHousingShowDailyBusinessNewsMHProNews

Discovery – Newcomers, “Fresh Eyes”

Among the dozens of one-on-one interactions between MHProNews and event attendees was with a newcomer exploring the professional opportunities manufactured homes could create.

That specific gentleman was “blown away” at the quality and value of manufactured homes,’ compared to conventional site built (“stick built”) housing.

But that newcomer – who is already successful in a complementary field – was equally stunned to learn that manufactured homes were going to finish 2017 at fewer than 100,000 shipments.

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

When the final numbers come in, preliminary indicators suggest the total number of HUD Code manufactured homes will be around 92,000 (+/-).

So what explains the low [new home shipment] totals?’ – that visiting professional asked.  Their operation is pondering making a play related to manufactured housing.

It’s a penetrating question.  One that the MH industry’s pros ought to ask themselves routinely.

When Harvard University researcher Eric Belsky projected that manufactured housing ought to outperform conventional housing by 2010 – a fact once cited by the Manufactured Housing Institute – an objective analyst must ask, ‘what caused the miss in Belsky’s estimate?’

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

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

Belsky knew of the repossessions and financing shifts circa the late 1990s/early 2000 when he made his educated observations. Those issues – in Belsky’s view – seemed to be transitional.

As the manufactured housing industry’s first and still only Daily Business News has previously observed, there is only one national association in the industry that claims to ‘represent all of factory built housing.’ That would be the Arlington, VA based Manufactured Housing Institute (MHI).

As the self-proclaimed industry’s leaders, who tell their members about “MHI Zen” and ask, “Got Clout?” – they can’t have it both ways.

They can’t both claim clout and ‘Zen-like’ leadership, and then not take responsibility when things go awry.

 

RickRobinsonJDSVicePresidentManufacturedHousingInstituteLogoPhotoMHIGotCloutWheretheBeefDailyBusinessNewsMHProNews

MHI Sr VP and General Counsel, Rick Robinson, is a congenial guy and a good writer. He has published a periodic “MHI Zen.” MHI asks, Got Clout? Okay, where’s the beef? For the 400 word executive summary, click here or above.

They are either successful gurus, or they are something else…

Indeed, MHI’s own prior Chairman, Nathan Smith, said the association had to admit to itself that it had often ‘failed to be pro-active’ in their efforts. Here exactly how he said that, in context, in the video below.

Why not ponder for a few moments, and take Nathan Smith at his word?

If it is wiser to go to the district office to see a congressman or senator, then why for years has MHI organized their Washington, D.C. meeting?

Why not take Smith as his word, as he laughs and says, he doesn’t want the competition?

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

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

When the Arlington-based association’s efforts and fact patterns demonstrates continued problematic performance, analytically speaking, they have only a few choices, if they want to maintain credibility.

It’s the same options any professional, or organization faces when a miscue occurs, because we all have them.  The issue isn’t only the miscue, rather, its what happens after a mistake takes place.

Or are they a case of – if they succeed or fail, a handful of MHI members profit either way?  Keep in mind some of the key takeaways from the Kevin Clayton video interview, found in a report linked further below.

There are only two kinds of competition Warren Buffett dislikes, foreign and domestic – Kevin confirmed that claim during the video.  Kevin also went on and on about “the moat.”

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

 

MHI’s Miscue Options

1) Admit mistakes and failures as they occur, and attempt to correct them. MHI President and CEO Richard “Dick” Jennison said on camera that they do fail at times. But do they admit specificity what those failures are? Or how they plan to learn from and correct them?

When was the last time you saw MHI admit to an error?  Or when in recent years did they publicly take ownership of a failure to achieve a stated goal?

GusRodriguezTejasHomesConroeTXIndustryVoicesDailyBusinessNewsMHProNews

2) Hide or ignore past or on-going failures to meaningfully advance the industry as a whole, not just select companies.

Arguably, this is one of the more common approaches MHI takes. Examples are issues ranging from:

  • Pam Danner at HUD,
  • to the DOE energy rule they initially promoted, and were finally forced by trade media, MHARR, and others to do a U-turn on.
  • Or on critical issues like lending, where Preserving Access has been a six-year odyssey, that prominent MHI member Frank Rolfe, or Bob Crawford, and others have criticized.
  • Or their own former MHI vice president, who correctly said years in advance that the Preserving Access to Manufactured Housing Act was unlikely to pass.
  • Or on Duty to Serve, where Tim Williams, 21st Mortgage Corp President and CEO, and prior MHI Chair — resisted change, while the association claimed to be working for DTS implementation.
  • How can such obvious contradictions be overlooked?

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

Links to articles detailing those issues are above and below.

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

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

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

3) Distract from failures, rather than admit them. While distracting, do they quietly or publicly attack and attempt to undermine those voices that call their history of failures into question?  Every time one hears ‘the industry needs to unite’ behind MHI, one should ask, why?  Where’s their pattern of success that would warrant such a trusting unity?

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

 

The “Secret Society

One need not believe any conspiracy theory to point to the fact that MHI’s current president and CEO ducked out on a long, previously publicized event during this week’s Louisville Show.

That’s self-evident.

Whether MHI’s CEO cancelled the night before, or less than 2 hours before MHI’s long-planned presentation is an interesting detail.  But regardless, Jennison was seen walking on the Louisville Manufactured Housing Show floor — at the same time he was scheduled to present.

RichardDickJennisonManufacturedHousingInstituteMHICEOWalkingShowFloorDailyBusinessNewsMHProNews575RichardDickJennisonManufacturedHousingInstituteMHICEOWalkingShowFloorDailyBusinessNewsMHProNews575

What happened? That report, is linked above.

RichardDickJennisonManufacturedHousingInstituteMHICEODailyBusinessNewsMHProNews

Embarrassing realities for MHI to explain? Or will they ignore, or try to explain it away? Did it have to do with recent reports, and the fact that MHProNews encouraged industry members to pepper Jennison with questions about their performance and problematic patterns?

 

The Bottom Lines?

A common refrain during this week’s show has been that ‘all factories are humming.’

That’s largely true. But HUD Code manufactured housing is still doing only a tiny fraction of the 500,000 or more new housing units that are possible annually, per numerous sources.  That’s also true.

average-shipment-per-decade-manufactured-home-posted-on-mhpronews-com-d

Graphic provided by Ross Kinzler when he was then the executive director of the Wisconsin Housing Alliance (WHA).

The industry won’t be taken as seriously as it should be doing under 100,000 new housing units a year. But the reverse of that is there’s a tremendous opportunity – a vacuum to be filled – by visionaries from inside or outside manufactured housing.

Nature abhors a vacuum.  The vacuum will be filled.  It’s only a question of by whom, by which entities.

There seems to be no escaping the fact that some of those problems originate within the industry itself.

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

MHI member Frank Rolfe and others have said so.

SuzanneFelberFrankRolfeRichardADickJennisonAmericanHousingAdvocatesManufacturedHousingIndustryDailyBuisnessNewsMHProNews600

MHI is currently spotlighting 5 operations, which in some ways is arguably a disadvantage to other MHI members.  How can they justify giving large sums that benefit only a favored few?  Reminder – MHProNews signaled months in advance that an MHI insider had informed the Daily Business News that ‘the big companies had figured out how to use MHI to get the smaller companies to pay for things that benefit the big companies.

Even some of the problems that are outside of the industry – problematic media coverage – often trails back to the failure on the part of MHI to engage the media in a ways that it should.

 

 

Yet, MHI was told years ago what was needed, how it could be done, and MHI’s now retiring Vice President Ann Parman praised this publication’s leadership in that regard.

AnnParmanVPManufacturedHousingInstituteMHILogoLATonyKovachMobileManufacturedHomeLivingNewsMHProNews800

 

CEO Jennison, and MHI’s Late Cancellation of their Presentation

If MHI is so proud of their new plans, why wouldn’t they want MHProNews to video the presentation?  Why not allow thousands of industry members – and potentially far more beyond the industry – to see that presentation via video?

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

Logical conclusions are that

  • if it was a good plan, beyond scrutiny and above reproach, they would have jumped at the chance for free media coverage.
  • The other option is more troubling. Why did they attempt to stop MHProNews from doing a video or otherwise cover their presentation? Why did MHI not use their considerable influence with the show’s management and the Midwest Manufactured Housing Federation (MMHF) board to press ahead with pro-industry trade media coverage of their presentation?   Are concerns raised by MHARR and others about their plan valid, and they didn’t want to expose their plan to scrutiny?  If they wanted to escape media coverage, did they really fail to consider that possibility, months in advance?  Aren’t all of these problematic?

MHARR’s pre-show concerns were voices in their report, linked below.

Jennison and MHI – per members of their own board to MHProNews – are acting like “a secret society.”  There are a few insiders, and all others are outsiders.

While there are those who say that publishing anything negative about MHI is like airing the industry’s dirty laundry,’ there’s a different view that other industry professionals take.

The best disinfectant is sunlight,” is an observation shared with MHProNews, as it applies to MHI and the forces that dominate that association.

Pro-MH Industry Voices some from inside, others from outside MHI – point to Berkshire Hathaway stronghold over MHI as reasons for dodging critiques, rather than doing an open, frank dialogue.

If MHI and Berkshire Hathaway owned units have nothing to hide, why do they fail to engage?

The article and the Kevin Clayton video interview posted in it are linked below. Per sources, they are one of several reasons why Jennison cancelled on the Louisville presentation to a few dozen members of the industry.  MHI has some explaining to do.  Ditto those who operate Berkshire Hathaway manufactured housing units.

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

MHI, Clayton Homes, 21st Mortgage, Vanderbilt Mortgage et al, have an open invitation to engage the industry via this, the largest and most popular venue in manufactured housing. Why not do so in Tunica, via a video recorded public discussion?

The MHI/Berkshire Hathaway Challenge

Ladies and Gents at MHI/Berkshire Hathaway brands, are you up for the challenge?  Will you address the industry’s concerns and allegations about failure to perform for the broader industry, so that thousands of companies could help achieve the industry’s potential?

It’s not just that newcomer to the industry’s amazing potential that is left scratching their heads over why HUD Code manufactured homes will finish 2017 with under 100,000 new home shipments.  There are numerous voices inside and outside MH that feel – as Harvard researcher Belsky does – that the industry could dominate.

That’s arguably a crisis in leadership.

But as former president John F. Kennedy famously observed, the Chinese characters for crisis spell both danger, and opportunity.  Will the industry navigate its dangers?  Who in the industry – or those potential newcomers outside of MHVille – will have the guts to seize the opportunities?

written-chinese-crisis-composed-two-characters-one-represents-danger-the-other-represents-opportunity-john-f-kennedy-copyright-2013-lifestyle-factory-homes-

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

Related:

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

Upcoming – perhaps next week: A special report on Dick Jennison, MHI and the rewards that Berkshire Hathaway gave…

(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.

China’s Move Roiled the Markets, Impact on Manufactured Housing Markets, Economy?

January 11th, 2018 Comments off

POTUSTrumpChinaPresXiCNBCStopBuyingUSTreasuriesDailyBusinessNewsMHProNews

The three major U.S. stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement,” said right-of-center, Fox Business.

That followed a report from left-of-center Bloomberg, that opened like this:

China Weighs Slowing or Halting Purchases of U.S. Treasuries

China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market.”

It’s a classic example of why the policy of the Daily Business News with respect to content curation is important to manufactured housing industry professionals and investors.

MHCommunity & Other Curation – Business, Marketing, Investment Info for Manufactured Housing Industry Professionals

The markets slide reported yesterday, what were the drivers?  What didn’t draw a headline from CNN Money, did from Fox Business, as a glance at that ‘headline news’ part last night’s market report reflects.

 

What caused the multiple day bloom to fall off the Skyline Champion rose? Was it more driven by external forces, like the news from China and regarding NAFTA?  Or was it that some investors decided it was time to take some profits?

Again, a look at last night’s market report will lay out the raw facts on that and all of the manufactured housing connected stocks tracked, from our Bloomberg end-of-trading-day’s ticker reflects.

CNBC’s short video, posted below, is a solid summary of why this China’s purchase of U.S. Treasuries is an issue that should be on American’s minds in general, and investors mind’s in particular.

What very few analysts are talking about is the fact that much of the Obama market rally was driven by the purchases by the Federal Reserve of trillions of dollars in assets.

All those Obama-era QE’s propped up the markets.

TreasuriesFellChinaNewsDailyBusinessNewsMHProNews

Wall Street and those with 401Ks invested in markets benefited.

2018-01-11_0420CNBCFedReserveUnwindBalanceSheetDailyBuisnessNewsMHProNews

Not only did President Obama’s term double the already massive federal debt to some $2o Trillion, it created gapping deficits. All of that borrowing impacts the capital markets. That in turn impacts the lending capacity possible for manufactured housing, as well as all other industries.

But not so the working man.

“What the Hell?” “The Audacity of Hope” – Obama, Trump, Presidential Promises Kept, & MH

By contrast, the strong rally of the last year since the president won the race for the Oval Office has been driven on pragmatic, sound, fundamental economic policies.

  • Cutting regulations.
  • Cutting taxes, and the run up by investors banking on those cuts.
  • Tightening up of the border – immigration – even a New York Times writer had to admit would be a boost for American workers’ wages.

After dismal numbers under the last administration,  the White House press room told MHProNews, that black unemployment has dropped to the lowest on record.  Still too high, but significant progress in less than 1 year.

Latest Small Business Optimism Index, NFIB Report

Music to Housing, MH Industry Ears? “No risk to it,” Make Mortgages Easier, Boost Economy, Says Chase’s JP Dimon,

Consider the following headlines…

Food stamp rolls decline by more than 2 million in FY 2017

– The Washington Free Beacon

The number of people receiving food stamps fell by more than two million during the 2017 fiscal year, according to data recently released by the Agriculture Department. Secretary of Agriculture Sonny Perdue has implemented new policies intended to streamline access and efficiency within the program,” the Free Beacon writes.

Poll: Voters show massive support for Trump immigration policies

– Breitbart

A recent NumbersUSA poll of likely 2018 voters showed overwhelming support for immigration policies that put America first. The poll is significant because it “asked respondents to pick from competing priorities, not just whether they want to welcome more immigrants,” Breitbart reports.

US construction spending hit record high in November

– The Associated Press

Private construction spending hit an all-time high in November of 2017, according to a new report from the Commerce Department. “Builders spent 0.8 percent more on construction projects in November, the fourth consecutive monthly gain,” The Associated Press reports.

U.S. factory, construction data brighten economic outlook

– Reuters

A new report shows that factory activity in the United States “increased more than expected in December . . . a further sign of strong economic momentum at the end of 2017.” Manufacturers are upbeat and anticipate a “ramp-up” in orders during the next year, the Institute for Supply Management report says.”

Or a quote from our Hoya Capital/Seeking Alpha report – with its manufactured housing, and other related data – yesterday, that said:

No economic segment stands to benefit more from the Trump agenda than the “forgotten” white rural working class. Economic confidence has improved dramatically since election day for this economic segment.”

This China/U.S. Treasuries report is a classic example of why balanced content curation – across the left-right media divide – is necessary and useful for industry’s professionals.

Reports, Reflections on Media Tilt, Bias, Ignorance, and Manufactured Housing

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/

Which may be why an industry executive told MHProNews via a message that, Tony, If MHProNews is writing about it, I want to know about it.

Bottom Lines, Takeaways

Regarding this specific issue of China’s threatened cut back of purchases of U.S. Treasuries?

It’s a reminder of not only the problems left over from the Obama years, but also from the Bush 43 or Clinton, or Bush 41 years too.

It made no sense for the U.S. to allow American jobs to be shipped overseas, or south of the border. Our nation’s tax and regulatory policy allowed – even encouraged that tragic trend that closed thousands of plants, and cost millions of jobs.

The Trump administration’s hard numbers prove there is progress being made.

But there’s catch up work to do.  The White House and Congress have their work cut out for them. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

Note 1: Thousands of MH Pros, Investors, Officials and Housing Experts do it. You, your team, and industry colleagues can sign up to the MH Industry leading headline news/updates – typically sent twice weekly – click here to sign up in just seconds.

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

January 9th, 2018 Comments off

 KillingOffCompetitionHarmingConsumesGSEsDutyServeMHRiggedBenefits21stVMFClaytonBuffettsBerkshirePerMHCEOCallsforCongressionalInvestigation

About a decade has passed since the passage of the Duty to Serve (DTS) manufactured housing, as part of the Housing and Economic Reform Act of 2008 (HERA).

CreditIsTheLifeBloodOfHousingEricBelskyHarvardDailyBusinessNewsManufacturedHousingIndustryMHProNews

It’s a statement that most every manufactured home retail or community professional who experienced the slide from 1998 to 2008 know all too well. For more on Belsky, and his thinking on MH, click below.  http://www.MHProNews.com/blogs/daily-business-news/appealing-manufactured-housing-institute-mhi-marketing-finance-booklet-reviewed/

A fact-and-analysis packed statement from an industry business group CEO rips the plans announced steps, as too little, too late, and skewed in ways that benefits Berkshire Hathaway brands “every day.”

Executive Summary of MH Biz Group CEO’s Potent Quotes:

  • direct violation of their [GSEs] mandate

 

  • This utter failure to implement DTS in a market-significant way, some ten years after its enactment, now warrants congressional intervention, oversight and, if necessary, amendments to the DTS law.”

 

  • With approximately 90,000 HUD Code manufactured homes projected to be sold in 2017… Against this baseline, the chattel loan programs envisioned by Fannie Mae and Freddie Mac – even at maximum projected capacity — would serve 4,000 purchasers, or a mere 1.85% of the manufactured housing market through 2020 – more than a decade after the enactment of DTS.”

 

  • “…would constitute a microscopic portion– far less than one-one-hundredth of one percent — of the total mortgage portfolios of both Fannie Mae and Freddie Mac, representing: (1) a blatant, continuing failure by Fannie Mae and Freddie Mac to serve the manufactured housing market; (2) a continuation of blatant, baseless discrimination against the lower and moderate-income Americans who rely on affordable, non-subsidized manufactured housing the most; (3) a continuing abuse of – and failure to comply with – the Enterprises’ mission and role as prescribed by their respective charters; and (4) a flagrant failure by FHFA, as the Enterprises’ regulator and conservator, to enforce full compliance with the statutory DTS mandate.”

 

  • To rationalize this pathetic, totally inadequate level of support for the nation’s most affordable non-subsidized housing resource in direct violation of the DTS mandate and at a time when the U.S. Department of Housing and Urban Development’s (HUD) 2017 Worst Case Housing Needs report to Congress shows a resurgence in “worst case” housing needs (i.e., Americans “who pay more than one-half of their income to rent, [or] live in severely inadequate conditions, or both”) to near-record levels, the Enterprises both cite a lack of recent, relevant “data and information” concerning the performance and other characteristics of manufactured housing chattel loans.”

 

  • as an objective matter, Vanderbilt and 21st, through their trade organization, the Manufactured Housing Institute (MHI), have pursued – as an organizational priority – statutory amendments to the Dodd-Frank finance reform law which would allow them to charge higher interest rates for manufactured housing loans without those loans being subjected to specific requirements applicable to “high-cost” loans.“This claim [by the GSEs of the need for more data] is not only disingenuous…but potentially has more sinister implications as well, which are only accentuated by the contents of the two final DTS plans.”

 

  • indicated both directly and anecdotally by multiple sources, those market-dominant lenders [21st, VMF] have failed to provide data allegedly sought by the Enterprises regarding the performance of the large number of manufactured home chattel loans that they currently hold, thus providing a ready excuse and rationale (repeatedly asserted in the final DTS plans) for the Enterprises to “slow-roll” and/or minimize the implementation of DTS to the point of irrelevance.”

 

  • every day that goes by without the full, market-significant implementation of DTS by Fannie Mae, Freddie Mac and FHFA, is a gift to Vanderbilt and 21st Mortgage, their corporate parent, Clayton Homes, Inc., its corporate parent, Berkshire Hathaway Corp., and Berkshire Hathaway scion, Warren Buffet.”

 

  • it appears from multiple aspects of the Enterprises’ final DTS “implementation” plans that Fannie Mae and Freddie Mac have – and actively continue to – coordinate with these entities, as well as their affiliates and surrogates, to undermine the full and timely implementation of DTS.  This activity began with an off-the-record meeting between FHFA officials and such surrogates in 2014. Following those reports, MHARR and industry trade journalists sought copies of any and all materials connected with the meeting from FHFA, which were never provided. That coordination now appears to continue in the final so-called DTS implementation plans with multiple elements that discriminate against or ignore the interests, rights and concerns of smaller industry businesses, or put Vanderbilt / 21stMortgage / Clayton / Berkshire Hathaway / MHI companies, affiliates or surrogates in key positions to influence the implementation or character of DTS.”

The above is just a partial flavor of a detailed report provided in a statement released to the Daily Business News and other industry stakeholders, by Mark Weiss, JD, President, and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

The Other Take, from FHFA and GSEs

For balance, the FHFA and the GSEs actual plans are linked below, including a video that describes the Fannie Mae’s stated vision for their plan.

FHFA Publishes Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for Duty to Serve (DTS) Program

 

The video featuring Jeff Hayward, “Fannie Mae’s EVP and Head of Multifamily,” is “about our commitment to addressing the needs of America’s most challenging housing markets under the Duty to Serve Rule,” per Fannie Mae.

 

Several points about this video are noteworthy, including that as of 1:15 PM ET, it has only 191 views, and that the comments section for this video have been turned off. The video says they don’t consider the program a “duty” but an “opportunity.”

A previous report by the Daily Business News, focusing on statements by 21st CEO, Tim Williams and others, is linked below.

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

So,

  • we have an executive vice president for Fannie Mae speaking about an opportunity,
  • MHARR saying they aren’t meeting their legally mandated duty,
  • and 21st Mortgage Corporation president, Tim Williams, saying why this plan was a “waste of time” to pursue, and why it needed to be slow walked, for reasons he explains from the linked report above.

MHARR – Key Takeaways include:

  • a call for a Congressional investigation.
  • Point by point indicators as to why they believe this is harmful to the industry’s independents, and why Berkshire Hathaway and ‘their association’ the Manufactured Housing Institute (MHI) have not been transparent, and are in fact working against the interests of independents and consumers.

For their facts and analysis report, click here to see in on MHProNews. ## (News, analysis, and commentary.)

Note 1: Thousands of MH Pros, Investors, Officials and Housing Experts do it. You, your team, and industry colleagues can sign up to the MH Industry leading headline news/updates – typically sent twice weekly – click here to sign up in just seconds.

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

$100s of Billions Will Pour into U.S. in 2018, How Much of that Capital Will Deploy in Manufactured, PreFab Housing?

January 6th, 2018 Comments off

$100BillionPourIntUS2018HowMuchCapitalWillDeployinManufacturedPrefabHousingMHProNewsLogo

Executive Summary

The combination of the new tax law, a growing economic boom, and talk by Apple and other tech giants of bringing back to the U.S. some $200-$400 Billion dollars in 2018 alone will create a search for valuable ways to deploy that capital.

With the affordable housing crisis widely publicized, housing is a trillion-dollar a year sector that is poised for even more growth.

As real estate and investment mogul Sam Zell has observed, when others are looking right, go left. Where is “left” in the housing industry?

A sector that has drawn – arguably for the wrong reasons – resistance and pushback.  Who says?   Harvard, among others.

There are already billionaires – including Zell and Warren Buffett – plus thousands of others deeply involved making plays in manufactured housing.  That said, it’s still very much a ’boutique’ industry compared to others.

Plus, some of the ways the industry is being pursued are controversial, and feed into the negative narrative and perspective.

FrankRolfeTrailerParkMillionairesGuardianFeaturesReportAnalysis

Click to read report, and see the Guardian video.

It is precisely because of the mistaken understanding and several arguably problematic practices that can make manufactured housing of interest to those willing to pursue the industry in a best practices, professional, and ethical fashion.

Why Are Billionaires Attracted to Manufactured Homes?

In an industry which for decades has focused on short term thinking, and short term plays, positive and promising reports are often overlooked, and quickly forgotten.

“Po-Dunk” Performer Kid Rock, Eyes Senate Run, Makes Manufactured Home Living Hip

So manufactured housing isn’t a quick buck.

Rather, it should be seen as a long term play, as Buffett’s has been.

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

A general overview of housing growth, and expectations of capital pouring into the U.S. are summarized from CNBC reports and a video, below.

That’s followed by quotes, comments, and links that lay out facts – including the just-announced merger of manufactured home producers Champion Home Builders and Skyline Corp (SKY). Their stock surged on the news.

SkylineChampionHomeBuildersMergerPlanAnnounced

Per CNBC

Apple, tech companies to bring back $400 billion in overseas cash to the US: Estimate,” reports CNBC.

In another report form them yesterday, the following.

By all measures, a construction boom is shaping up for 2018

  • The construction industry added 30,000 jobs last month, according to the Labor Department.
  • That brings the sector’s 2017 gains to 210,000 positions, a 35 percent increase over the previous year.
  • Construction spending is also soaring, up to a record $1.257 trillion in November, according to the Commerce Department.
  • Optimism among construction contractors is also at a record high.”

 

Voices within Manufactured Housing, Plus Reports that Point to Potential

As the leading source for manufactured home industry trade news – which also uniquely provides proven and praised professional servicesMHProNews is a useful resource for seeing the reasons why the industry’s potential has not been fully tapped.

(Note: to get our popular emailed headline news updates,
generally twice weekly and read by thousands of industry pros, click here.)

Or as Sunshine Homes President John Bostick – a client company whose experienced serious growth at a pace far higher than the industry at large has said – “Easy doesn’t pay well.”  But intelligent, sustained effort can yield, as it has for them, growth rates that are more than double those of the industry at large, and in the more attractive residential product side.  That’s where the biggest opportunities are in manufactured housing, without ignoring the that there is also growth potential for commonly pursued ‘entry level’ manufactured homes.

JohnBostickPresidentSunshineHomesRedBayAL-OurIndustryProvidesGreenAppealingOptionsWeeksNotMonths-DailyBusinessNews-MHProNews

Investor Take Away

This is one of those ‘look left’ opportunities within the manufactured home industry. While much of the industry pursues ‘entry level,’ or ‘shade and shelter’ product, the results being achieved by Sunshine and others using more upscale product reveals what real estate research also reveals.  This is where arguably the growth opportunities are in manufactured homes today.

This isn’t easy, but smart money is deployed and being attracted in manufactured homes and communities, using this approach.  An example is shown in the video below.

Third Party Reports, Quotes that Point to far Greater Potential

Recent concerns over housing affordability for low-income households appear to be difficult to resolve by developing policy options that focus only on traditional single-family owner-occupied dwellings and/or rental apartments. In terms of developing a housing policy that would improve the quality of housing for lower income families, it seems appropriate to explore the merits of an often-ignored alternative, namely manufactured housing. – Eric Belsky, Harvard.

“Credit is the lifeblood of housing”.Eric Belsky, Harvard.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH won’t reach 40,000 of that total. What happened?

SamZellManufacturedHousingIndustryManufacturedHomeCommunitiesMastheadIndustryCommentaryMHProNews

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

The National Association of Realtors’ ™ (NAR) Chief Economist, Lawrence Yun, estimates the immediate need for 8+ million housing units.

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

NAR’s findings are similar, but from a different perspective, than the National Low Income Housing Coalition’s research revealed.

NLIHC CEO Responds on HUD’s Worst Case Housing Needs Report, MH Leader Reacts

Several tech sector giants are making related plays in PreFab or Modular housing – precisely for the kinds of reasons that Belsky cited. But they have not yet made announced moves into far more affordable manufactured housing ‘done correctly.’

$58,000 PreFabs, Videos, Updates of More Hi-Tech Backers

Google’s Going Modular Housing

Plans for Floating Modular Cities, “Seasteading” is Becoming Reality

Are Americans Hunting for the Single Sectional Manufactured Home Alternative?

Survey Top 2017 PreFab, Modular, Tiny and 3D Printed Housing News Stories

How Other People’s Pain (Artificial, Accidental, and/or By Design), Creates Opportunities, and
Why What Looks Like Headwinds Can Be Reversed With Bold, Long Term Strategies

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

Applying Zell’s mantra of looking where others aren’t as focused, and exploring the causes of why manufactured homes aren’t already soaring yields some surprising insights for those willing to make the long term plays, as Warren Buffett and Sam Zell have done.

But it is arguably precisely by ignoring some of the problematic parts of the Buffett dominated Manufactured Housing Institute (MHI) moves that the greatest opportunities may be found.  Because they are either clumsy in carrying out their own agenda, and/or clever in setting the table in a way that is choking off smaller firms that is leading to an accelerated consolidation of them by larger ones.

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

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

HUDCodeManufacturedHomeProgramShakeupDrainTheHUDSwampManufacturedHousingIndustryDailyBusinessNewsMHProNews425

Enhanced preemption is precisely, combined with other advantages found in manufactured homes already, that makes manufactured housing so attractive.

Thus, when the truly bold ‘move’ for growth by the giants are finally made – and they themselves are signaling that they are close to doing so – the big money can be earned.

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

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

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

Accelerated growth is already being earned in local markets.

Manufactured Housing Monday Morning Sales Meeting: Finance & Industry Facts, Figures, Sales Tip$ Improving Best Practice$

Smart players are already in, and going deeper in.

Sam Zell, Randy Rowe, John Bostick, Terry Decio, Joe Stegmayer, Marguerite Nader, Barry Noffsinger – Manufactured Home Industry Interviews

Terry Decio, Skyline Homes, “The Secret” – The Rest of the Story

2018 Outlook-Crisis Spell$ Opportunity, Per Leonard Kiefer, Freddie Mac Data

With hundreds of billions coming into the U.S. expected in 2018, will some of that find its way into MH?  Would it surprise anyone if it does, given that billions have already gone into community and other acquisitions?

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

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

Programing Notice

The next Monday Morning Sales Meeting will have more on what current players – even modest ones – can do in their local markets to tap into the solution for the affordable housing crisis hat is hiding in plain sight. That will be published Monday, January 8th. “We Provide, You Decide.” ©
(News, analysis, commentary.)

(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.

Beyond Skyline/Champion Merger, What’s Next in Manufactured Housing? Plus MHMarket Update$

January 5th, 2018 Comments off

 

CNNmoney1.5.2017ManufacturedHomeStocksMarketsReportsMHProNewsYes, the Champion/Skyline Merger Deal is on people’s minds today. We covered that announcement first and best earlier in the Daily Business News.

Yes, Skyline SURGED on today’s new$.

But MHProNews is also scanning the horizon, beyond the now, to what’s next…

…and why.

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

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

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

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

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

Selected headlines and bullets from CNN Money:

 

  • Why lottery prizes go unclaimed
  • States propose bills to preserve net neutrality
  • Blue-collar jobs are booming in America
  • How to protect your devices from chip flaws
  • Jobs: Trump’s 1st-year not as strong as Obama’s last
  • 8 futuristic store concepts
  • Jobs everywhere! Except at stores
  • Alexa is coming to headphones and smartwatches
  • Obama will be Letterman’s first guest on Netflix
  • ‘Drill, baby drill!’ comes to oil safety regulator
  • Black unemployment hits all-time low

 

Selected headlines and bullets from Fox Business:

  • Trump administration seeks $18 billion over decade to expand border wall
  • The best states for jobs
  • 10 jobs at risk of becoming extinct
  • S&P 500, Nasdaq post best week in more than a year
  • Oil retreats after hitting 2015 highs
  • ESPN’s Jon Gruden offered $100M to coach NFL’s Raiders: Report
  • Six-figure construction jobs are going unfilled
  • Barnes & Noble shares tumble to new lows amid retail apocalypse
  • Wolff’s Trump book referenced Maria Bartiromo, but didn’t clear it with her
  • Why avoiding stocks could cost you big in 2018
  • Apple’s latest trend: Product delays
  • 2018 Lincoln Navigator: Taking the fight to the Cadillac Escalade
  • Tax reform: A million workers at more than 100 companies got a surprise, Gary Cohn says

 

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

Reports, Reflections on Media Tilt, Bias, Ignorance, and Manufactured Housing

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

Manufactured Housing Composite Value

S&P 500 2,743.15 +19.16(+0.70%)

Dow 30 25,295.87 +220.74(+0.88%)

Nasdaq 7,136.56 +58.64(+0.83%)

Russell 2000 1,560.01 +4.29(+0.28%)

Crude Oil 61.55 -0.46(-0.74%)

Gold 1,321.20 -0.40(-0.03%)

Silver 17.26 -0.01(-0.05%)

EUR/USD 1.2029 -0.0042(-0.35%)

10-Yr Bond 2.48 +0.02(+0.94%)

9MarketIndicatorsYahooFinance1.5.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

 YahooFinanceManufacturedHousingCompValue1.5.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

Beyond Skyline/Champion Merger, What’s Next in Manufactured Housing?

 BeyondSkylineChampionMergerWhatsNextInManufacturedHousing

Our report today is frankly a teaser for our weekend report that, barring the unforeseen news, is scheduled for tomorrow – Saturday morning.

ICYMI…

Skyline surged on that news, see that in our Bloomberg snapshot, below.

3 Bullets:

  • With markets roaring,
  • construction soaring, and
  • demand for affordable housing at record levels

there are several good reasons to expect the manufactured housing sector to get hotter.

Those will be explored in that planned morning special Daily Business News report.

A reply to messages from readers on the Skyline deal.  Paraphrasing those, ‘are the MHProNews articles about Terry and Skyline a signal?’

The rumors were out there, per our sources. But sometimes publishing would reveal the source. So…

Code, look back, and look ahead.

Lucky? We’ll Provide, You Decide.

Terry Decio, Skyline Homes, “The Secret” – The Rest of the Story

Reminder. These are examples of why all of those news tips to MHProNews matter.

Skyline moved up today on news of the merger.

FYI to investors, a nuanced flub in the Reuters report is why you want to cross-check or read those stories here.  Mainstream media are often rushed to get a story out, from short-handed staffs that may not always have the same facts or research materials that are available to us about MHVille.

That’s why we’ve been and remain the runway news source in manufactured housing.

Our thanks to all for that honor, encouragement, and support.

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

Profitable Insight$ – POTU$ Trump Effect on MH Stock$ at 1 Year, Part 4

Suppliers LPX, Patrick, Manufactured Home Builders Nobility, Skyline Homes – the Trump Effect on MH Stocks, Markets Part 3

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

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).

 1.5.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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 a recent round of 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.)

(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.