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What’s Next in Affordable Housing, or for Manufactured Home Professionals and Investors?

July 6th, 2019 Comments off

 

WhatsNextInAffordableHousingorFormanufacturedHomeProfessionalsInvestorsDailyBusinessNewsMHProNews

Where there’s a will, there’s a way.” – English maxim, origin credited to George Herbert.

 

Whether you think you can or whether you think you can’t, you’re right.” – Henry Ford

 

No matter how great the talent or efforts, some things take time.
You can’t produce a baby in one month by getting nine women pregnant
.” – Warren Buffett

 

Notice: MHProNews will be doing a website theme and URL switchover this weekend. By industry standards, ours is a huge website. Expect glitches. As every seasoned and successful business professional knows, change routinely means anticipated and unexpected bumps-in-the-road. That said, patience and persistence pays. What’s coming is relevant and potentially profitable to many.

 

 

Strengths. Weaknesses. Opportunities. Threats. SWOT. 

Every person, profession, situation in life has its own SWOT. These are not always clearly understood by those who are in the middle of their own circumstances. Thus outsiders, often with experience in that same field, are brought in by success-minded business leaders to be a second set of eyes. Physicians often refer a patient to another doctor or an expert for a second opinion.

 

SWOTAnalysisDailyBusinessNewsMHProNews

The four quads of a good SWOT analysis. Strengths, Weaknesses, Opportunities, Threats.

 

Everyone that has ever owned a business that has endured for more than four years has achieved something that the majority of those who start a business can’t claim. If a business is profitable at the end of its fourth year, that is a notable accomplishment.

If that same 4+ year-old business can honestly say that they have achieved that profitability and sustainability with a high degree of customer satisfaction, so much the better. That combination of honest business success with both internal and external satisfaction merits celebration. 

Among public officials in both major parties that have studied manufactured housing with an open mind, several things become clear. Manufactured homes have been routinely misunderstood for years. 

For those who understand business strategies, that factoid and what follow are opportunities in disguise.

 

 

  About every third American is living in rental housing.

  There are some 22 million Americans living in pre-HUD Code mobile homes or in post HUD Code manufactured homes.

  Millions of conventional housing owners plan to upsize, downsize, and otherwise change housing.

  NIMBYism and land use policies that are often designed to protect or promote special interests are among the reasons that manufactured homes are often blocked by zoning and placement restrictions. HUD Secretary Ben Carson, who is the top federal official in charge of regulating manufactured homes, has made it clear that he gets those facts.  

  Education is part of the solution to that issue. Secretary Carson has personally made efforts at educating others about manufactured homes on national TV programs, in published speeches, as well as in Senate testimony. There are plenty of examples of third-party studies that span more than 20 years that debunk the misplaced fears that many have about manufactured homes.

  The new presidential executive order (EO) establishing a White House Council to promote affordable housing underscores the two bullets above. President Donald J. Trump’s new EO also specifically cited manufactured homes.

  Several Democratic and Republican lawmakers and public officials are paying more attention to manufactured homes, industry lending, and other industry business practices.

 

There is more. But those bullets are enough to make a ‘can do’ minded professional wonder why manufactured housing isn’t performing far better than it is? Why is the industry only producing and shipping about ¼th of what it did in 1998? Or why is the industry only shipping about 17 percent of what was achieved in the early 1970s?

For those whose only answer is ‘lending,’ that’s at best incomplete.  For those who say image, that’s part of it too, but that’s an opportunity in disguise for those who see clearly. Simplistic ‘answers’ like those are often going to hobble professional growth.

Why, by contrast, has the RV industry gone from being outsold by manufactured homes at a 3 to 2 margin in 1998, to RVs outselling manufactured homes by some 5 to 1 in 2018? RVs also had image problems decades ago, but they addressed that successfully. RVs – towable or motorized – for most Americans are as their name implies, are recreational. By contrast, manufactured homes, while some are used as second homes, are for the most part primary permanent housing.

Meaning, the RV industry’s potential size should only be a fraction of what the potential is for manufactured housing. That’s another outside indicator that manufactured housing should be doing several times its current sales levels.

Seen through the eyes of an honest SWOT analysis, there are clearly obstacles and opportunities, strengths and weaknesses in the manufactured housing industry in the summer of 2019. 

At a more granular and personalized level, there is a SWOT for every professional, location, business, and organization.  But the infographic below reflects the enormous potential that the industry has.  

2018DataShareofHousingMarketManufacturedHousingInfographicDailyBusinessNewsMHProNews612

 

What’s Next?

Amazon, Chinese imports, and 3D printed housing are just some of several looming threats to the domestic sales of more manufactured homes.

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But at this time, HUD Code manufactured homes have a clear price-per-square foot and/or other advantages over its rivals. As HUD Secretary Carson and the National Association of Realtors (NAR) Certified Business Economist Scholastica ‘Gay’ Cororaton have both said, manufactured homes are more resilient – far safer – than most realize. 

 

SunCommunitiesIncSUIRentalofManufacturedHomeVsOtherRentalComparisionsFeb2019IRDec312018DataManufacturedHomeCommunityDailyBusinessNewsMHProNews

Always keep in mind that data changes over time. This information was deemed accurate by a publicly traded company at the time it was originally published.

 

·        At least on paper, manufactured homes also have an advantage due to the ‘enhanced preemption’ clause that is already law, as established in the Manufactured Housing Improvement Act (MHIA) of 2000.

·        Manufactured housing has – at least on paper – support from the Duty to Serve (DTS) provision of the Housing and Economic Recovery Act (HERA) of 2008, that mandated support for manufactured homes. These two bullets are examples of good laws already on the books that are not being properly implemented.  That’s an opportunity in disguise for the savvy with moxie and resources.

There are also aspects of FHA, VA, and USDA (Rural Development) lending, plus several state finance programs, that offer opportunities for manufactured home professionals and investors to serve potentially millions of Americans who want to upsize, downsize, or get their first home. To be crystal clear, those opportunities exist apart from the so called ‘new class of homes’ that some in the Omaha-Knoxville-Arlington axis are promoting. That new class of homes, whatever the intention, is arguably more problematic than promising.

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Click to download and see this full sized.

 

When people think image or stigma, that too is part of SWOT. However, a crisis that is properly understood is often an opportunity in disguise.

 

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Sam Zell famously observed that when others are going left, look right. Zell told MHProNews via the late Howard Walker, JD, then Vice Chairman of Equity LifeStyle Properties (ELS), that the ELS chairman has never lost confidence in manufactured homes and communities. Zell has preached that they aren’t ‘trailers or trailer parks,’ in his own pointed way.

SamZellQuotesPencilHeadItsNotATrailerParkWhenEveryoneisgoingleftLookRightELSChairmanManufacturedHomeProNews

 

 

The fact that Zell-led ELS and Warren Buffett-led Berkshire Hathaway have invested billions into the manufactured housing industry, and continue to do so, should speak volumes to objective thinkers. The fact that others are following suit is likewise noteworthy.

Here is where there may be some parting of the ways between various industry professionals. To oversimplify, there are those in manufactured housing that fully grasp the realities noted and linked herein. Some are ‘black hat’ operations, while others are ‘white hat’ business. On MHLivingNews we encourage housing shoppers to discern that difference.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by their president Tim Williams, Warren Buffett’s direct quotes from that same year’s annual letter, and video recorded comments by Kevin Clayton, all line up in what attorneys who reviewed it see as ‘smoking gun’ evidence of antitrust violations. They demonstrate how thousands of independent retailers, communities, and several producers – among others – where purportedly directly harmed by action that could be deemed an antitrust violation. See for yourself: https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

There are candidly those who don’t get it about such realities regarding ‘black hats’ in the ranks, or are in fear or denial, or may understand but don’t know what to do about issues like the ones found in the reports linked above and below.

 

 

Each of those are thorny topics. But ‘leaders grasp nettles.’ Nettles, properly understood, are prickly but have medicinal properties. ‘Grasping nettles’ is an apt metaphor that manufactured housing industry owners, managers, leaders, investors, and professionals should strive to understand and master in the context of their own unique SWOT.  

During a time that manufactured homes should be roaring, instead, the industry seems to be snoring. There are reasons that is so, including those noted in reports linked from this article. For 9 consecutive months, there are year-over-year declines in the production and shipments of new manufactured homes, despite all of the possible good news and positive resources that are available. That fact, considered in the light of others, begs questions. How to account for the failures to advance by the industry’s self-proclaimed leaders? Or who benefits from such a downturn? 

Businesses don’t become successful because they are operated by incompetent people. The management of MHProNews doesn’t believe that those leaders in the Omaha-Knoxville-Arlington axis are incompetent; quite the contrary.  The are successful and some of them are quite shrewd.

So, there must be other explanations for the relatively low state of the manufactured home industry. There must be good reasons, ones that can lead to profitable opportunities once fully grasped, as to why new manufactured homes are selling at a slower pace than the year that Buffett-led Berkshire bought Clayton Homes and other affiliates starting in 2003.

BloombergShipmentProductionGraphicManufacturedHousingIndustryDailyBusinessNewsMHProNews

May 2019 data reflects month 9th of the downturn, with nary a whimper from MHI or the big boys. Why?

 

What’s Next?

From the ranks of investors in publicly traded firms in manufactured housing, the controversy at Cavco Industries ought to sound alarm bells, especially in the light of items noted and linked from within this report.

Among public officials – several of whom correctly believe that manufactured homes offers an opportunity to increase affordable home ownership in ways that grows the personal wealth of singles and households – the facts noted and linked herein ought to be significant enough to warrant public hearings into several industry issues. Those hearings should be public and ought to proceed on a range of issues related to: antitrust, RICO, IRS tax-exempt status, and what is causing the failure of existing laws on lending and enhanced preemption to be properly implemented.  Experts from all sides and camps of the industry, including consumers, should be part of those Congressional hearings. Industry leaders should be called in to testify under oath.

Then, industry professionals and business owners, past and present, ought to ponder how the facts herein relate to themselves and their business experiences.  If the market has been rigged, as some claim based upon evidence like that linked from this article, who has that harmed and to what degree? Who benefited from the allegedly rigged system?

Because investigations and possible litigation aren’t the only steps that ought to occur, what will current and prospective industry investors and business owners and leaders do to navigate the current circumstances?  How will professionals respond to their own unique SWOT?

The fact that some businesses are honestly growing, while others are shrinking, should be carefully examined and objectively understood. 

·        There are no less than half a dozen other serious trade publishers or bloggers that are writing about industry related issues.  Why has this trade media stood essentially alone in reporting on these challenges in recent years?  Why have some among those half-dozen at one point in time identified or mentioned some of the same problems, but later went silent or flip-flopped on reporting about them?

·        Why is it that the National Association of Manufactured Housing Community Owners (NAMHCO) and some state association affiliates broken ranks from the Manufactured Housing Institute (MHI)? Why did they say that MHI failed in reflecting their interests?

·        Why does the Manufactured Housing Association for Regulatory Reform (MHARR) so often see matters in stark contrast to what the Berkshire-backed MHI does?  Which association is more accurate in their assessments? 

·        Why has Warren Buffett – his money and influence – often backed both sides of fights that MHI was engaged in? Why has MHI routinely come up short?

 

These are nuances that have been documented here and/or on our sister site of MHLivingNews

To understate: it is worth noting that per available third-party evidence and data, MHProNews readership is equal to if not significantly greater than all of the other 6 industry trade media and bloggers combined. That suggests that people recognize the difference between spin and straight talk

 

The Next Step

MHProNews is about to take its next evolutionary step.  Some of the theme changes on our new website are subtle, but others will be significant.

We already dominate the manufactured home industry in news, fact-checks, and analysis. Nothing else even comes close in size, scope, and professional audience engagement.

Our parent company’s business development and expert services have worked with several operations of all sized firms over the years successfully. Our results are proven in often very public ways, such as the rebirth of the Louisville Manufactured Home Show after years of downturn and finally its only year to be cancelled.  That achievements make us a go-to resource for those who are willing to invest in their future to grow. 

Others firms or locations that were already successful, but that were not reaching their true potential, have likewise turned to us for proven results.

But those successes mean that companies or locations that closed or sold out for less than their true value were arguably harmed by the so-called leadership of those who are striving for discounted consolidation and acquisitions, by whatever means.

 

 

Let’s note that the video interview above was performed prior to the negative news that later hit the headlines about that former MHI chairman and his company. We don’t knowingly work to promote allegedly black-hat operations.  We strive, instead, to work with the industry’s apparent white hats. Because of our pivots on MHLivingNews, we are now in a unique position to spotlight the problematic as well as white hats.

 

 

Thus, we bring a unique set of experiences, tools, and proven resources. Keen insider insights found here cause more people to logon to MHProNews daily than some of our rivals have monthly.

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Note, Barry Cole’s prior anniversary kudos message raises an important point. Most publications in the MH space failed or closed years ago. Some have since tried to make the cut, inspired by MHProNews’ success. Some noteworthy efforts have also since been suspended. MHProNews has stood the test of time, and the slings and arrows of the industry’s outrageous fortunes.

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On MHLivingNews, we’ve been quietly revising and developing a platform that addresses that common questions and concerns from the general public’s perspective.  The success in attracting readers there is notable, because individual articles there may get several times more readers than even very popular articles found here on MHProNews.

Put differently, on both platforms, we’ve proven for years measurable results at what we have strived to do. 

To make that point, Casey Mack at Legacy Housing, with his company’s general counsel’s expressed okay, said the following.

 

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MHProNews has well-known publishing arms. Our publisher is one of the most highly acclaimed pros on LinkedIn among all manufactured housing professionals.

 

TonyGetsItAlColeOxfordBankTrustManufacturedHousingIndustryDailyBusinessNewsMHProNews

There have been hundreds of accolades – endorsements and recommendations – provided via LinkedIn alone. Others have been provided via video and in letters, etc.

 

While our business development services tend to be lower key, the results are praised in videos, written letters of recommendation, and by measurable bottom-line results. Some of those kind comments come from rivals. As Casey Mack and others suggest, our services don’t ‘cost,’ they are investments that properly utilized pay dividends.

With almost a decade of publishing the industry’s most read-trade media, we are about to turn the page to the next chapter.

While we disagree with Warren Buffett on several business ethics and related issues, we agree with him that some things simply take time. We also agree on the importance of reading for understanding, something that Buffett says he spends 5 to 6 hours a day doing and has for years. If you and your team are each reading less than an hour daily on MHProNews and MHLivingNews, then you are not yet reading enough.

Keep in mind the levels of awareness.  There are few things that doing them once is enough.

Our Republic just celebrated this week a key time in American history.  This nation began a struggle some 243 years ago that defeated the world’s lone superpower during the time our nation’s founding fathers declared the 13 colonies independence from the British king. Perhaps 1/3rd of the people in some form of fashion originally supported that effort for independence.

The U.S. and our allies defeated Nazi Germany and Imperial Japan, which some thought unstoppable. The U.S. overcame the power of the Soviet Union during the Cold War. At various times, there were those who said those feats could not be accomplished.

This is a can-do nation. If you are in business, you are likely a can-do person reading this. The industry has very real challenges, both internal and external. It will not be a quick fight, if it is to be successful.

We’re in it for the long haul. This next chapter in manufactured housing trade media is proof of our resolve.  The fact that the opposition won’t engage us directly in public debates and forums – after so many of those same people have praised our work for years – is perhaps the most telling reason to believe that we at MHProNews are ‘over the target’ in our analysis and efforts.

ManufacturedHousingRevolutionMHProNews

The industry should be some 10 times its current sales levels. 

Our slogans are as relevant today as when we launched the site under the third logo on the right, below, in mid-October 2009.

 

MHLivingNewsImprovedLivingForLessMHProNewsMHMarketingSalesManagementLogo

We’ve added to those mantras since then Industry News, Tips, and Views Pros Can Use.” © and News through the lens of manufactured homes and factory-built housing.” ©

 

 

The next evolutionary chapter in the industry’s biggest and most read trade media starts this weekend.  Stay tuned.

Our thanks to our sponsors and clients for making this possible.  Our thanks to our readers for seriously checking in often to consider all the news, fact-checks, reports, and analysis that we share here and on MHLivingNews.  With God’s help, the best is yet to come.  We Provide, You Decide.” © (News, analysis, and commentary.)

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

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

For marketing and other expert professional services, click here. Connect on LinkedIn here and here.

Soheyla Kovach, managing member, for LifeStyle Factory Homes, LLC – parent to Daily Business News on MHProNews and MHLivingNews.com

 

 

 

 

 

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

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

Addressing Manufactured Housing Insanity, Unusual Equity LifeStyle Properties (ELS) Tip

 

 

 

 

 

 

 

 

Nobility Homes Bucks National Trends, Reported Serious Growth, plus Manufactured Home Stock Updates

July 3rd, 2019 Comments off

CNNmone7.3.2019ManufacturedHomeStocksMarketsReportsMHProNewsNobility Homes (NOBH) is a bright spot in the constellation of firms in the manufactured housing industry. Frankly, it is frustrating to report 9 months of year over year declining sales for the industry, when we as industry experts know that the overall declines are avoidable. Nobility is part of the proof that even when the industry in general has avoidable taken a slide, they have risen in a significant way.  On a day when the markets overall and most industry tracked stocks rose, Nobility Homes (NOBH) is our featured 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, after the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy 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.

The timing on the new Trump Administration executive order (EOs) was interesting. Consumer confidence has wavered. Conventional housing sales have dipped. That said, these types of EOs don’t just pop out of thin air. They are developed over time. There are inputs from a variety of potential federal, state, private industry stakeholders. On a down day for the markets, and mixed results on manufactured housing track stocks, the official White House statement and a video interview with HUD Secretary Carson are our focus for this evening.

CNN Business

  • Huawei’s fate is still unclear
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  • IN PICTURES A rare look inside Huawei, China’s tech giant
  • Boeing dedicates $100 million to victims of 737 Max crashes
  • Dow, S&P 500 and Nasdaq close at record high
  • Here’s what to look for in Friday’s jobs report
  • Futuristic car is partially powered by the sun
  • Lee Iacocca, who helped create the Ford Mustang and then rescued Chrysler in the 1980s, has died
  • Why Netflix doesn’t really need ‘The Office’
  • OPINION The candidates are wrong. It’s a mistake to pay off college graduates’ debt
  • Android creator accused of cheating wife out of millions of dollars
  • Meghan McCain, ‘miserable’ at ABC, mulls leaving ‘The View’
  • Some Taco Bell restaurants face tortilla shortages
  • Facebook, Instagram and other platforms experiencing issues worldwide
  • These 4 countries are winning the US-China trade war
  • Nike featuring Betsy Ross flag canceled after backlash
  • Arizona governor says he wants to yank Nike’s tax breaks over sneaker controversy
  • Adidas under fire after racist and anti-Semitic tweets
  • Wayfair donates $100,000 to Red Cross after backlash
  • Chase told customers to stop splurging on coffee and cabs. You can imagine how that went
  • Canopy Growth co-CEO Bruce Linton says he was fired
  • A Wrigley chewing gum heir and a former Patrón CEO go all in on cannabis
  • A ‘Museum of Weed’ is coming to Hollywood
  • Cannabis sales could hit $15 billion globally this year
  • Thrive Market, an online retailer, is forced to stop selling CBD

Fox Business

  • Dow, S&P 500, Nasdaq hit new records ahead of July 4th
  • Trump slams China, Europe for ‘playing big currency manipulation game’
  • Here’s why President Trump wants a weaker dollar
  • US housing market ‘cooling’ when it could be booming: SALT cap to blame?
  • Who is Judy Shelton, Trump’s newest Fed board pick?
  • Amazon defends Alexa privacy features but lawmaker details lingering concerns
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  • Fourth of July sales you need to check out
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  • Walmart to lose $1B on US e-commerce business this year: Report
  • Pharrell Williams promises internships to more than 100 high school graduates in Harlem
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  • Anderson Cooper’s large inheritance: A look at the tax obligations
  • Facebook cryptocurrency chief vows transparency as House Dems demand Libra halt
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  • New York City hikes mansion tax amid housing slowdown
  • Austin passes law allowing homeless to set up camp
  • Grucci’s big plans for the 4th of July fireworks display in Washington, DC
  • Small business owner: Worst year ever for finding part-time employees

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

9MarketIndicatorsYahooFinance7.3.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Today’s MH Market Spotlight Report –

NobilityHomesBucksNationalTrendsReportedSeriousGrowthPlusManufacturedHomeStockUpdates

Nobility Homes, Inc. (NOBH) announced sales and earnings for its second quarter that ended May 4, 2019. Sales for the second quarter of 2019 were up 43% to $12,742,688 as compared to $8,922,264 recorded in the second quarter of 2018, per a press release from AccessWire.

Income from operations for the second quarter of 2019 was up 79% to $2,135,726 versus $1,191,947 in the same period a year ago.

Net income after taxes was up 60% to $1,819,725 as compared to $1,135,605 for the same period last year.

Diluted earnings per share for the second quarter of 2019 were $0.47 per share compared to $0.29 per share last year.

For the first six months of fiscal 2019, sales were up 28% to $23,782,462 as compared to $18,568,082 for the first six months of 2018.

Income from operations was up 71% to $3,907,557 versus $2,282,104 last year.

Net income after taxes was up 56% to $3,355,531 compared to $2,151,841 last year.

Diluted earnings per share were $0.87 per share compared to $0.54 per share last year.

Nobility’s financial position for the first six months of 2019 remains very strong with cash and cash equivalents, certificates of deposit and short term investments of $31,723,668 and no outstanding debt.

Working capital is $37,245,662 and our ratio of current assets to current liabilities is 6.1:1. Stockholders’ equity is $48,322,892 and the book value per share of common stock outstanding increased to $12.52.

TerryTrexlerPresidentCEOFounderPhotoNobilityHomesOcalaFLLogoManufacturedModularHousingIndustryMHProNews500

Terry Trexler, still from their 2016 dated video, below.

Terry Trexler, President, stated, ”The demand for affordable manufactured housing in Florida continues to be strong. According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2018 through April 2019 were up approximately 26% from the same period last year. Constrained consumer credit and the lack of lenders in our industry, partly as a result of an increase in government regulations, still affects our results by limiting many affordable manufactured housing buyers from purchasing homes. However, legislation may help improve this situation in the future.”

Trexler continued, saying “Maintaining our strong financial position is vital for future growth and success. Because of very challenging business conditions during economic recessions in our market area, management will continue to evaluate all expenses and react in a manner consistent with maintaining our strong financial position, while exploring opportunities to expand our distribution and manufacturing operations.”

Our many years of experience in the Florida market, combined with home buyers’ increased need for more affordable housing, should serve the Company well in the coming years,” Trexler said.  “Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country.”

That last point is born out by today’s report from the Manufactured Housing Association for Regulatory Reform (MHARR).  The report that Florida is the #3 state overall in recent years.  It is #2 in the nation so far this year.  It is also one of only 2 states that is rising, vs. 8 states that have slipped.

May2019NewManufacturedHomeShipmentDataDailyBusinessNewsMHProNews

On June 5, 2019 Nobility celebrated its 52nd anniversary in business specializing in the design and production of quality, affordable manufactured homes. With multiple retail sales centers, an insurance agency subsidiary, and an investment in a retirement manufactured home community, we are the only vertically integrated manufactured home company headquartered in Florida.

In closing on this snapshot for this evening before the July 4th national holiday, let’s disclose that we hold no position in this firm or the others tracked.  Let’s further note that we held this report to coincide with the May national shipment data.  It frankly makes their sales growth performance all the more impressive.

As a final note, as antitrust an regulatory oversight of several industries – including manufactured housing – increases, investing in a firm that lacks those risks could prove to be increasingly prudent.

 

 

Related Reports:

Manufactured Housing Production and Shipments, Official HUD Data, Report for May 2019

Retailers Lining Up, Eager to Lodge Antitrust Complaints, Plus Manufactured Housing Market Updates

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

ManufacturedHousingIndustryConnectedStocksMHProNewsDailyBusinessNewsMHProNews

Updated:

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 on LinkedIn, 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.

“California Dreaming” – TB, Disease Exploding – KOMO Spotlights Tragic Spread of Homelessness in City of Angeles

July 2nd, 2019 Comments off

There are an estimated one million rats in Los Angeles – L.A. – the largest city in the “Golden State” of California.

 

Diseases not common in modern times are coming back with a vengeance.

In the modern version being played out today on the streets of Los Angeles and almost every other major city in the state, tens of thousands of the homeless are desperate for shelter, services and of course, drugs,” says KOMO’s YouTube page. 

KOMO was the news station which produced the viral “Seattle is Dying” video report.

There are “Lots and lots of drugs. Eric Johnson reports on Paradise Lost: Homeless in Los Angeles.”

There are some 36,000 homeless in LA, about 59,000 in the county, per KOMO’s report.

The video shows you the result of what $620,000,000 spent by LA to ‘fight’ homelessness. $620 million. Where did that much money go, when there are so many homeless? That’s about $17,222 per homeless person.

 

 

Earlier today, the Daily Business News on MHProNews spotlighted President Trump’s interview with Tucker Carlson, and part of that interview focused on this explosion of homelessness on the streets of major cities, such as L.A., NY City, San Francisco, Seattle, and other metros.  The president says that a common denominator is that these are cities run by Democrats, a liberal “establishment.”

 

President Trump Mulls Federal Action Intervening on Homeless Crisis in U.S. Cities

 

During the recent Democratic debates, housing was brought up by a few of the candidates, but not all. In their defense, it wasn’t a question that NBC News asked, and given short times for an answer, it is perhaps not surprising that more didn’t speak out.

But what sources suggest is that housing will be a serious topic in the 2020 campaigns.  The president and the GOP is clearly laying the foundation for their case.  Democratic hopefuls have spoken outside of the debate arena about some huge proposed programs, but some in the industry say those plans could prove harmful to the interests of manufactured housing.

This will be a topic that MHProNews will monitor and report on. Until next time, while opportunity knocks, tragedy seems to be thumping much louder.

That’s tonight’s final – and troubling – report on “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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.

Related Reports:

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

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

Insightful Quotes for Manufactured Home Business, Investors, and Professionals

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

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Democrats 2020 Presidential Hopeful Polls Shows VP Biden Drop, Plus Senator Kamala Harris (D) vs. POTUS Donald J. Trump (R) “Matchup” Video

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

 

 

 

 

 

Democrats 2020 Presidential Hopeful Polls Shows VP Biden Drop, Plus Senator Kamala Harris (D) vs. POTUS Donald J. Trump (R) “Matchup” Video

July 2nd, 2019 Comments off

 

Democrats2020PresidentialHopefulPollsShowVPBidenDropPlusSenatorKamalaHarrisVsPOTUSTrumpMatchupVideoMHProNews

CNN has announced their latest poll results all of which reportedly occurred since the Democratic presidential debates in Miami last week.

 

 

Insightful Quotes for Manufactured Home Business, Investors, and Professionals

 

For those who missed the debates, and want to see what may explain the shifts see the related reports above and below.

 

Rep SWALWELL Said “Pass The Torch,” Biden says No – Democratic Debates, Nights 1 & 2, Full Transcripts, Videos – plus MH Stock Updates

 

Senator Kamala Harris has surged past several of her fellow Democrats, and per CNN, is in striking distance of former Vice President Joe Biden.

 

CNNPollJun28-30AmongDemocraticVotersTopDemocraticHopefulDailyBusinessNewsMHproNews

 

CNN’s polling unit SSRS reflected several different nuances that shed light on the moves up and down among Democratic ranks.

 

CNNJun28-302019PollTopDemPOTUShopefulsamongDemocratsChangeDailyBusinessNewsMHproNews

 

Apparently, a political junkie(s) called Let’s Talk Elections” who apparently lean left decided to do a hypothetical November 3, 2020 hypothetical matchup video between Senator Kamala Harris (CA-D) and President of the United States, Donald J. Trump.  

 

CNNPollJun28-302019PollDemsBestAmongWhitesBlacksDailyBusinessNewsMHProNews

 

While MHProNews disagrees with some of the state projections, it is certainly way too soon in any event. There are going to be months of economic, political, and “October Surprise” developments that can’t possibly be factored in some 500 days out.

 

CNNPollJun28-30BestDemonEconomyDailyBusienssNewsMHProNews

 

That said, the producer of this video did reveal several points to consider as to what states Democrats will be hoping to win. So, for those who want to see how Democrats theoretically might win, and how close it would be in 2020, this video is cleverly done.

 

 

But if the election where held, say, a month from today, why is this hypothetical outcome dubious at best?  Part of the reason is found in last night’s NFIB report, linked below.

 

NFIB President Touts Optimism, Says Capital Spending, Expansion, and Sales Expectations Drive Performance – Plus Manufactured Housing Stock Updates

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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.

Related Reports:

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

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

 

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

Federal Bill that MHI, Prosperity Now, NAMHCO Tout – MHARR Opposes, Why?

 

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

 

 

 

 

 

 

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

June 28th, 2019 Comments off

 

InvestmentUSRealEstateREITsRisen3YearTrendMarcusMillichapCEOHessamNadjiDailyBusinessNewsMHProNews

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

 

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

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

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

·        Variations among markets across the U.S.

·        REIT, institutional and private investor trends

 

 

 

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

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

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

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

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

 

 

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

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

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by their president Tim Williams, Warren Buffett’s direct quotes from that same year’s annual letter, and video recorded comments by Kevin Clayton, all line up in what attorneys who reviewed it see as ‘smoking gun’ evidence of antitrust violations. They demonstrate how thousands of independent retailers, communities, and several producers – among others – where purportedly directly harmed by action that could be deemed an antitrust violation. See for yourself: https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

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

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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.

Related Reports:

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

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

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

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

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

 

 

 

 

 

 

 

 

Sun Communities (SUI) As Viewed by Hedge Funds Data, Per Media Reports

June 25th, 2019 Comments off

 

SunCommunitiesLogoSUIlogoViewedByHedgeFundsPerMediaReportsManufacturedHomeCommunitiesIndustryMHProNews

Nina Todic, writing for investor-focused Insider Monkey and Yahoo Finance news, reported as follows about manufactured home commercial real estate giant, Sun Communities (SUI).

 

 

Sun is one of the publicly traded firms tracked in our evening manufactured housing connected stock report.  Last night’s closing ticker and related numbers are available at this link here.

We’ll note that this isn’t a fact-check. Nor is this an endorsement of Insider Monkey, rather, this is a report on June 18, 2019 that summarizes their findings on Sun Communities as it relates to hedge fund interest.

Let’s further note as a disclosure the mantra of Sam Zell, of Sun’s rival Equity LifeStyle Communities, famously quipped that “When others are going left, look right.” Zell told MHProNews that they have never lost confidence in the manufactured home community sector.

Those notes made, let’s dive into their data and views.

 

InsiderMonkeyTopHedgeFundsInvestorGraphicDollarAmountsCorporateNamesDailyBusinessNewsMHProNews 

Here’s What Hedge Funds Think About Sun Communities Inc (SUI)

Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing their quarterly 13F filings. One of the most fertile grounds for large abnormal returns is hedge funds’ most popular small-cap picks, which are not so widely followed and often trade at a discount to their intrinsic value. In this article we will check out hedge fund activity in another small-cap stock: Sun Communities Inc (NYSE:SUI).

Sun Communities Inc (NYSE:SUI) was in 18 hedge funds’ portfolios at the end of March. SUI has seen a decrease in support from the world’s most elite money managers of late. There were 22 hedge funds in our database with SUI holdings at the end of the previous quarter. Our calculations also showed that sui isn’t among the 30 most popular stocks among hedge funds.

Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

We’re going to review the new hedge fund action surrounding Sun Communities Inc (NYSE:SUI).

What have hedge funds been doing with Sun Communities Inc (NYSE:SUI)?

At Q1’s end, a total of 18 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -18% from the previous quarter. The graph below displays the number of hedge funds with bullish position in SUI over the last 15 quarters. With the smart money’s sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).

 

SUNCommunities-SUI-TopHedgeFundPositionsTrackInsiderMonkeyDailyBusinessNewsMHProNews

 

More specifically, Renaissance Technologies was the largest shareholder of Sun Communities Inc (NYSE:SUI), with a stake worth $152.7 million reported as of the end of March. Trailing Renaissance Technologies was Citadel Investment Group, which amassed a stake valued at $79.6 million. Waratah Capital Advisors, Millennium Management, and Echo Street Capital Management were also very fond of the stock, giving the stock large weights in their portfolios.

Seeing as Sun Communities Inc (NYSE:SUI) has experienced falling interest from the entirety of the hedge funds we track, it’s easy to see that there exists a select few funds that slashed their full holdings heading into Q3. Intriguingly, Stuart J. Zimmer’s Zimmer Partners said goodbye to the largest stake of all the hedgies tracked by Insider Monkey, comprising an estimated $54.1 million in stock. Richard Driehaus’s fund, Driehaus Capital, also dumped its stock, about $2.3 million worth. These transactions are intriguing to say the least, as total hedge fund interest was cut by 4 funds heading into Q3.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Sun Communities Inc (NYSE:SUI) but similarly valued. We will take a look at Agnico Eagle Mines Limited (NYSE:AEM), National Oilwell Varco, Inc. (NYSE:NOV), Ralph Lauren Corporation (NYSE:RL), and Trimble Inc. (NASDAQ:TRMB). This group of stocks’ market caps are closest to SUI’s market cap.

 

InsiderMonkeyTopHedgeFundsPositionsRelativetoSUIsunCommunitiesDailyBusinessNewsMHProNews

 

As you can see these stocks had an average of 22.5 hedge funds with bullish positions and the average amount invested in these stocks was $751 million. That figure was $413 million in SUI’s case. Ralph Lauren Corporation (NYSE:RL) is the most popular stock in this table. On the other hand Trimble Inc. (NASDAQ:TRMB) is the least popular one with only 14 bullish hedge fund positions. Sun Communities Inc (NYSE:SUI) is not the least popular stock in this group but hedge fund interest is still below average. Our calculations showed that top 20 most popular stocks among hedge funds returned 1.9% in Q2 through May 30th and outperformed the S&P 500 ETF (SPY) by more than 3 percentage points. A small number of hedge funds were also right about betting on SUI as the stock returned 4.2% during the same time frame and outperformed the market by an even larger margin.

Disclosure: None. This article was originally published on Insider Monkey at this link here.

##

SunCommunitiesIncSUIRentalofManufacturedHomeVsOtherRentalComparisionsFeb2019IRDec312018DataManufacturedHomeCommunityDailyBusinessNewsMHProNews

 

For balance, and to exemplify why Zell and other savvy investors have not lost confidence in manufactured housing (MH) and MH Communities, consider the graphics above and below from Sun Communities. 

SunCommunitiesIncSUIManufacturedHomeSalesPriceComparisionConventionalHousingCostFeb2019IRDec312018DataManufacturedHomeCommunityDailyBusinessNewsMHProNews

 

Our more robust MHProNews April 2019 data-and graphically rich dive into Sun is found at this linked text-image box below, which is the source for the sample Sun Community graphics on this page.

 

Sun Communities Under the Hood – Data Reveals – Manufactured Homes, Communities, Comparisons with Conventional, Multifamily Housing

 

During an affordable housing crisis, there are reasons to pay attention to the most proven of all kinds of affordable homes. 

 

CostToMoveManufacturedHomeRararityMovingManufacturedHomeSunCommunities2-2019ManufacturedHomeDailyBusinessNewsMHProNews

SunCommunitiesIncSUIFactorsPoweringGrowthFeb2019IRDec312018DataManufacturedHomeCommunityDailyBusinessNewsMHProNews

That most proven permeant affordable housing resource would be HUD Code manufactured homes.

 

InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews

Manufactured housing is the most proven form of affordable housing. It offers consumer safeguards that far more expensive conventional housing does not offer.

 

That’s this morning’s second installment of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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.

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Submit confidential or on-the-record news tips, or comments at this linked email mailto:iReportMHNewsTips@mhmsm.com. Put the phrase “News Tips” or “Comments” in the subject line to help us spot yours in our volume of emails, thank you.

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

 

Nicole Friedman, Ben Eisen, Wall Street Journal – Fannie, Freddie, Manufactured Homes, and MH Financing – Part 1

TimeToInvestigateFannieFreddieMishandlingofDutyToServeDTSMHARRissuesPerspectiveManufacturredHousingAssocRegulatoryReformLogo

https://manufacturedhousingassociationregulatoryreform.org/time-to-investigate-fannie-and-freddies-mishandling-of-dts/

HUD Secretary Ben Carson, Affordable Housing, Obscuring the Truth, Innovations in Housing, and Manufactured Homes

 

 

 

 

 

21st Mortgage Corporation Manufactured Housing Loan Data, Per Federal Sources

June 25th, 2019 Comments off

21stMortgageCorpLogoFederalManufacturedHousingDataCFPBLogoBerkshireHathawayClaytonHomesSisterCompanyMHProNews

The following facts is the most recent summary of information available currently from the Consumer Financial Protection Bureau (CFPB) on HMDA data for 21st Mortgage Corporation loans on HUD Code manufactured homes.

 

21st is part of the metro-Omaha, NE based Berkshire Hathaway owned family of brands and is based in Metro Knoxville, TN.

Unlike Clayton Homes and Vanderbilt Mortgage and Finance (VMF), as thousands of manufactured housing industry professionals know, they ‘serve’ independent retailers and communities, as opposed to Clayton Homes directly.

That they like or prefer making loans on Clayton Homes built product should be evident from the report linked below.  But there are good reasons for them to make loans on other producer’s brands, because it arguably provides them with an upper hand, causing other producers of manufactured housing to have a degree of dependence and thus leverage.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. 21st, Clayton, and their association mouthpiece, MHI, and their outside attorney have all been asked to comment on these facts and allegations.  They’ve repeatedly declined comment.  https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

Here is the 21st Mortgage Corporation HMDA data from federal sources noted at the bottom of the graphic.

 

21stMortgageCorpHMDAData

 

You can see by looking at our ‘almost midnight’ report from 6.24.2019 that Vanderbilt made FHA loans, but 21st originated none. That is federal confirmation of a prior news tip that we received from 21st personnel on an off-the-record basis. Those middle management type sources were not able to articulate an answer as to why 21st would stop making such loans, but why VMF would continue to offer them?

You can compare 21st and with VMF’s data, by accessing the report from the linked text-image box below.

 

Vanderbilt Mortgage and Finance Manufactured Home Loan Origination Data, Per Consumer Financial Protection Bureau

 

As with other federal data, compiling and sorting the information has a degree of lag time.  A more complete snapshot from 2015 is available below.  Note that Triad Financial, due to the way they are structured, is not reflected in the screen capture of the federal dataset below. But they are larger that several of the lenders shown, while smaller than 21st, VMF, or Wells Fargo, per sources. It is therefor interesting to note that the top 3 lenders for the year below all have direct ties to Berkshire Hathaway, which owns a sizeable stake in Wells Fargo. 

 

2015HMDAdataManufacturedHousingLendersDailyBusinessNewsMHProNews

Download and open this graphic to see it full size, which is more than double the size visible now.

Both VMF and 21st qualify for the 10/10 rule established by FHA, which made Berkshire Hathaway the dominating lender in that realm.  Was that 10/10 rule threshold a coincidence?  Or was it useful to Berkshire and a sign of some darker relationship that bears federal scrutiny?

 

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Marty wasn’t the first to say these quotable quotes, but that he said them and has such close ties to MHI, GSEs, the ‘big boys’ and manufactured home lending should cause the thoughtful reader and inquiring mind to pause and wonder.

 

It is worth mentioning that Harvard’s Eric Belsky said that credit was the lifeblood of housing.  That was dramatically demonstrated by the mortgage/credit/housing crisis of 2008, but which straddled other years.

 

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Why did Belsky miss his predicted date? Because it came before Buffett’s entry into MH? See the attorney-reviewed report linked here.

The Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac have used manufactured housing’s prior credit crisis that began to become apparent with the slide in sales, shipments, and production in 1999, but accelerated into the early 2000s.

 

BloombergShipmentProductionGraphicManufacturedHousingIndustryDailyBusinessNewsMHProNews

April data reflects month 8th of the downturn, with nary a whimper from MHI or the big boys. Why? 

While losses in manufactured housing loan portfolios was significant, as those who recall Greentree, Conseco, Associates and other lenders who essentially vanished from the manufactured housing scene as a result of the meltdown in MHVille that began to be evidenced in 1999.  By comparison to conventional housing losses in 2008, while significant to our industry, it was as an insider called it a “pimple on an elephant’s ass.” See that comment and more from 2017 in the report linked below.

 

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending

 

Why did lending return to conventional housing but not to manufactured homes?  Bear in mind that FHFA data in 2018 reflected that manufactured housing can appreciate.  HUD Secretary Carson has pointed to that fact in some of his 2019 talks touting the potential of manufactured homes.

 

 

Democratic lawmakers have pressed the Consumer Financial Protection Bureau (CFPB) to investigate Clayton Homes and their affiliated lenders.  Several of them are 2020 hopefuls.  That report can be accessed via the text-image box below. 

 

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

 

The non-partisan Manufactured Housing Association for Regulatory Reform (MHARR) is asking for Congress to investigate what they have deemed is the failed roll-out of the GSEs of Fannie Mae and Freddie Mac’s Duty to Serve or DTS. One example of their concerns is reflected in their report, linked below.

 

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

George F. Allen is increasingly seen as compensated MHI surrogate. Allen has pointed out the obvious, that MHARR is a sponsor of our website. But that’s out in the open, MHARR has banner ads here. What Allen fails to mention is that MHI used to sponsor MHProNews too. So too did Clayton Homes, and 21st Mortgage.  Our coverage of these issues began before MHARR became a sponsor, and while Berkshire brands and others with ties to MHI were still sponsors.  That’s evidence that our reports have been based upon our LLC’s own research and work, without favor.  We follow the facts, evidence, trends, common-sense, and the money trail. We give others an opportunity to respond to concerns. That’s arguably why our audience size and engagement levels on MHProNews dwarfs Allen’s and MHInsider’s combined. We are by far the #1 largest and most-read in MHVille. 

See the related reports below the byline for more.  That’s this morning’s pre-dawn edition of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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.

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Submit confidential or on-the-record news tips, or comments at this linked email mailto:iReportMHNewsTips@mhmsm.com. Put the phrase “News Tips” or “Comments” in the subject line to help us spot yours in our volume of emails, thank you.

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Nicole Friedman, Ben Eisen, Wall Street Journal – Fannie, Freddie, Manufactured Homes, and MH Financing – Part 1

TimeToInvestigateFannieFreddieMishandlingofDutyToServeDTSMHARRissuesPerspectiveManufacturredHousingAssocRegulatoryReformLogo

https://manufacturedhousingassociationregulatoryreform.org/time-to-investigate-fannie-and-freddies-mishandling-of-dts/

HUD Secretary Ben Carson, Affordable Housing, Obscuring the Truth, Innovations in Housing, and Manufactured Homes

 

 

 

 

 

Vanderbilt Mortgage and Finance Manufactured Home Loan Origination Data, Per Consumer Financial Protection Bureau

June 24th, 2019 Comments off

 

VanderbiltMortgageFinanceClaytonHomesLoanDataReportDailyBusinessNewsManufacturedHomeMHProNews 

The following is the most recent summary information available currently from the Consumer Financial Protection Bureau (CFPB) on HMDA data for Vanderbilt Mortgage and Finance (VMF) loans on HUD Code manufactured homes.

 

VMF is the ‘captive’ lender for vertically integrated Clayton Homes-owned retail centers.

Metro Knoxville, TN based Clayton Homes and VMF, as thousands of manufactured housing industry professionals know, are wholly owned subsidiaries of Omaha, NE based Berkshire Hathaway.

HMDADisclosureSummaryCFPB2016DailyBusinessNewsManufacturedHousingIndustryMHProNews

HMDA loan disclosure summaries, national data, per CFPB, FFEIC, for the Daily Business News on MHProNews.

 

A companion report to this will be published tomorrow which reveals 21st Mortgage Corporation HMDA data for the same time frame.  As a point of reference, last year (2018) Clayton claimed that their 2017 market share was as follows.

ClaytonBuilt47.7percentMarketGraphic2017ShareDailyBusinessNewsMHProNews

The comparisons between 21st and VMF should be noteworthy.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

That’s this Monday night final

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

George F. Allen is increasingly seen as compensated MHI surrogate. Allen has pointed out the obvious, that MHARR is a sponsor of our website. But that’s out in the open, MHARR has banner ads here. What Allen fails to mention is that MHI used to sponsor MHProNews too. So too did Clayton Homes, and 21st Mortgage. Our coverage of these issues began before MHARR became a sponsor, and while Berkshire brands and others with ties to MHI were still sponsors. That’s evidence that our reports have been based upon our LLC’s own research and work, without favor.

Amidst Controversy, CoreLogic’s Special Report on Investor Home Buying Trends

June 21st, 2019 Comments off

 

AmidstControversyRalphMcLaughlinCoreLogicSpecialReportInvestorHomeBuyingTrendsDailyBusinessNewsMHProNews

What follows is a scenario that sheds light on affordable housing – and thus impacts manufactured home professionals and the home buying public – in several ways.

 

There may be absolutely no connection to the fact that CoreLogic, which received a letter related to an antitrust probe by the Department of Justice, per Inman and the Real Deal, has just published a new special report on investor home buying trends.

 

Posted on the CoreLogic blog on 6.20.2019 by the firm’s Deputy Chief Economist, Ralph McLaughlin, is a report styled a “deep dive into investor homebuying activity” – some 1250 words plus graphics – for the year 2018. DSNews and Newsmax are among the sources that have reported on this study.

 

RalphMcLaughlinPhotoDeputyChiefEconomistCoreLogicDailyBusinessNewsMHProNews

 

McLaughlin says that “By the end of 2018, the investment rate in the U.S. housing market reached 11.3% – the highest rate since CoreLogic started tracking these data in 1999. The investment purchase rate in 2017 was the second highest on record at 11%, which was above the investor buying fury of 2012 – 2014 when purchase rates reached 10.3% – 10.9%.”

 

USInvestorHomebuyingRatesCoreLogicGraphicChartDataDailyBusinessNewsMProNews

To begin to properly understand the manufactured home industry, one must grasp the larger housing market, macrotrends, and the elephants in the room.

 

Smaller investors are responsible for increasing investor homebuying activity. This is in sharp contrast to the rise in large institutional investors in the years following the recession,” per CoreLogic.These so-called “mom-and-pop” investors grew from 48% of all investor-purchased homes in 2013 to more than 60% in 2018. Large investors – those who purchased more than 101 homes – nearly doubled their activity between 2000 and 2013 but have pulled back since the foreclosure crisis and now sit at 15.8% of purchases. Medium-sized investors – those who purchased between 11 and 100 homes – have also seen their share steadily fall, from a peak of 30% in 2010 to 22.7% in 2018.”

 

CorelogicUShomebuyingRatesByInvestorSizeManufacturedHousingIndustryDailyBusinessNewsMHProNews

While purported data from the Manufactured Housing Institute has at times been arguably  tilted to favor certain member firms, there is no known claims against CoreLogic for rigging their data findings.

 

We also found investor purchase rates were much higher among starter-homes. The share of starter homes purchased by investors peaked at over one-in-five homes over the past two years, with a rate of 20.3% in both 2017 and 2018,” wrote McLaughlin.

 

ChartGraphicDataThreeCoreLogicUSInvestmentsByHomePriceCategoriesStarterMoveUpHighEndManufacturedHousingMHProNews

 

That factoid clearly has significance to manufactured home sellers, investors, and affordable housing professionals.  More to the point, given the law of supply and demand, it is part of the reason why ‘starter homes’ are harder to come by for first-time and other affordable housing seekers.

CoreLogic, in their report linked here, also noted that “While there are several plausible explanations, we found investors are attracted to markets where rents are relatively high compared to purchase prices.”

That point coincides with issues that MHLivingNews and MHProNews have previously reported – spotlighted in part by the viral Seattle is Dying video, found in the analysis and report linked from the text-image box below.

 

A bottom-line takeaway from CoreLogic’s research? “…it’s a truism that homebuyers today are more likely to cross paths with investors during an open house than at any other time in the past two decades.” There full report is found linked here.

 

Hurdles, Headaches, and Challenging Opportunities

These facts and trends reflect problems and hurdles for millions.  But it is also an opportunity in disguise for the industry and its professionals, if…

 

 

…but only if, the kinds of problematic behavior that has been previously outlined by MHProNews and our sister site, MHLivingNews, are avoided or managed.  Two examples are linked above and below.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

These facts and trends also reflect a need for public officials to act to enforce the law on enhanced preemption, the Duty to Serve manufactured housing, and other laws already on the books that could transition millions from renting into a life of greater opportunity and wealth-creation through home ownership.

See our most recent report, linked below the bylines and notices.

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Be in the know! MHProNews is manufactured housing’s runaway most-read industry news, tips, and views pros can use. To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

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

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

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

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

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

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New HUD Videos of Secretary Ben Carson, Innovative Housing Showcase 2019, Surprising Manufactured Housing Institute Reveals

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

 

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

“Game On” – “Fighting Discriminatory Zoning” “Moral Obligation” Fix “Worsening Nightmare” – State Associations Entering Spotlight

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

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

 

 

 

 

Father’s Day, ‘Making America America Again’

June 16th, 2019 Comments off

 

FathersDayMakingAmericaAmericaAgainDailyBusinessNewsManufacturedHousingIndustryMHProNews

Pardon the pun, but we believe that facts trumps spin.

 

Actor Scott Baio said it during the 2016 GOP Convention. Democratic hopeful and former Vice President Joe Biden said it recently too, though both meant something different by the same words. “Make America America Again.” But it was Let America Be America Again” is a poem written in 1935 by American poet Langston Hughes, per Wikipedia. Let’s look at that slogan in a unique way, using the context of Father’s Day. 

 

Millions of fathers of millennials were raised with a Horatio Alger view of America. “A man’s home was his castle.” History reflects that women or men could achieve the American Dream. With savvy, hard honest work, a few breaks, discipline and so on, anyone could become a millionaire, if that was a person’s goal.  These were common thoughts, although the evidence even then was incomplete at best.

There is a significant, albeit imperfect, correlation between overall home ownership rates and the sales of more manufactured homes. The graphic below tells part of the tale. 

 

UnitedStatesHomeOwnershipRatesWikiDailyBusinessNewsManufacturedHousingIndustryMHProNews

Some of the spike in conventional housing sales in the 2000s were through so-called ‘liar loans.’ Those in turn set the stage for the 2008 housing/mortgage crisis. The correlation is not perfect, but it is common sense that when more affordable housing – including factory-built homes – are being sold, then the overall rate of home ownership will rise by that same degree.

 

Compare that graphic to the production of pre-HUD Code mobile homes, and post HUD Code manufactured homes. Given the caveats cited, do you see some correlation between the two rates?

 

SkylineChampionInvestorRelationsProductionGraphicDailyBusinessNewsMHproNews

The reason that presidents on both sides of the political aisle often promoted first mobile homes, and later manufactured homes is because several understood that affordable housing needs were being met by the private sector with factory-built homes.

 

America has to a certain degree gone from ‘can do’ mentality to ‘no, there’s a law or regulation, and you can’t do that.’

Let’s stress that ‘Leave it to Beaver’ and ‘Father Knows Best  were more idealized than a universal truth. But that such TV programs existed and were widely embraced decades ago depicted a world view that has been slowly shifting. Now, one has to go to TV Land on cable to see that type of programming – which was often literally in black and white.

Race riots during the later half of the prior century were often fueled by practical hurdles to equality. But if one traveled back in time to the early 1200s and England, whites were fighting other whites over the rights of the people. These were finally guaranteed by the Magna Carta in 1215.

 

MagnaCarta1215EnglandHumarnRightsGuaranteesDailyBusinessNewsMHProNews

Among the rights safeguarded by Magna Carta were protection of private property – housing – rights.

 

It is also a historic fact that free blacks owned black slaves in various parts of pre-1865 America. That’s not to say that race wasn’t a factor in America, of course it was. But those two factoids about whites oppressing whites and blacks oppressing blacks are to stress the reality that there has been a long climb up from slavery, to serfdom that all races were subject to for much of human history.  That struggle toward a higher degree of freedom and equality crossed several imaginary lines we hold to today. Injustice and oppression has existed globally since early in the dawn of human history.  Indeed, a fair view of history could be imperfectly summed up with the following sentance.  History is the story of the struggle of one group, tribe, people, or nation trying to oppress others, and those others resisting – or succumbing to – that oppression. 

Those acts of oppression occurred within a ‘nation,’ as well as between tribes and nations.

Why do people pour across our southern border if not because they hope to get a better life here in the imperfect USA than their even more imperfect and troubled homeland? 

The expression ‘it’s not what you know, it’s who you know’ takes the American Dream and turns it on its head. But that expression exists because it reflects the understandable perspective of numbers of people that the system is to some extent rigged.

This writer grew up in the wake of the civil rights era. America wasn’t perfect then, nor is it now. But my parents came to America after post-World War II Europe.  They had witnessed first-hand the devastation caused by the National Socialists (NAZI) and the Union of Soviet Socialist Republics (USSR), who between the two had carved up Poland and other places, until the two European socialist powers turned upon each other. 

Sanitized American or global history helps no one, save in the view of those who engage in revisionism in the hopes of weaponizing the past to their supposed benefit in the present. 

Home ownership and the right to earn an honest living and keep the product of one’s own two hands have been frustrated at various times for large periods of our national and global history. It is no surprise that it is so today.

 

Fathers and Families

Good fathers – as well as good mothers – routinely want the best for their children. There are sad exceptions to the rule, but there is something deep within a parent in an organic family that desires to improve the lot of their offspring.

  • Ease of access to capital,
  • ease of access to home ownership,
  • equality of opportunity,
  • equal justice under the law,

these are just some of the ideals that have sparked generations of Americans for centuries.  Don’t forget that despite the guarantees of Magna Carta, it was imperfectly applied.  That’s why thousands left England, risking a dangerous voyage to come to the American colonies in the first place. History is an uneven struggle of advances and retreats in personal rights. That’s true here and in other lands too. As a disclaimer, this writer has been a political independent for years, respectful of the rights of those who support this or that major or minor political party.  The point is that these facts have political implications, but they transcend politics too.

As was noted last Sunday, some 70 years after George Orwell’s novel 1984 was published, his thoughts are sparking new interest. Orwell and other authors saw what was taking shape in their time, and they warned against a possibly darker future ahead. Big brother re-casting history, creating memory holes to do away with inconvenient truths, these Orwell and others could see were already becoming problematic.  A good bit of Orwell’s concerns related to weaponizing history.

TheMostEffectiveWaytoDestroyPeopleIstoDenyandObliteratetheirownUnderstandingOftheirHistoryGeorgeOrwellQUotePrismMHProNews

Thousands of manufactured home industry professionals have little or no clue about the rich history of their profession. Nor do most understand the context of their industry in the broader scope of Americana. For example, in the early 1970s, new home shipments approached 600,000 new homes per year for 2 years. Given more technology, and billions in capital that poured into the U.S. from overseas or domestically from tax reforms, is there any reason why manufactured homes can’t exceed those totals today? See more about Orwell and thought-provoking quotes at the linked report here and further below.

 

America is polarized today. But it was at the time of the revolution against England too. There were decades of efforts known as the abolition movement to end slavery. There was division in the lead up to the war between the states, which is most commonly called the Civil War.  There is an uneven march to ending serfdom and slavery in the world, as the graphic below depicts.

 

TimeLineForAbolitionofSlaverySerfdomByCountryYearsWikiDailyBusinessNewsMHproNews

Along with ending serfdom or slavery in a formal sense, it is wise to understand that the right to private property goes with personal freedom. Economic, religious, political, and personal liberty all go hand-in-hand. Part of the tragedy of our era is that reportedly tens of millions are still de facto slaves in various parts of the world. The fight for freedom never stops.

 

Those points said, while there are always extremists, there is perhaps an opportunity to forge something new and unique in our own time. But that will only occur if people clearly see what’s gone wrong, and address the root causes of injustices. Those injustices include limiting people’s access to affordable housing.  They also include manipulations – what Senator Bernie Sanders and now President Donald J. Trump have called – a rigged system.  Increasingly, left and right see similar issues.  What differs is their approach to solving those issues.

Our industry has arguably been weaponized from within, not just from outside it’s boundaries. In contacts with public officials – elected and appointed- there is among several a willingness to accept the evidence and reasoning presented here on MHProNews and on MHLivingNews, precisely because we strive to accurately cite facts, evidence and sources.  Meaning, we strive to be grounded in reality. That in turn means our readers are more grounded in reality too. 

As our readers are routine sources of news tips, it is an exchange, not a one-sided communication.  

 

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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, Comments or Letter to Editor in the subject line.

 

Mobile and Manufactured Home History

Yesterday, we noted the celebration of the 43rd Anniversary of the start of HUD Code manufactured homes (see reports below). One might wonder why the same powers-that-be in the Omaha-Knoxville-Arlington axis that failed to robustly tout the Innovations in Housing Showcase also failed to build on that event by celebrating the start of manufactured housing on June 15, 1976?

The truth is hiding in plain sight. We see evidence from politicos on both sides of the left-right aisle that manufactured homes could become a factor in the 2020 contests ahead. 

But as or more important, manufactured homes offers an opportunity for those who want their own slice of the American Dream to have it. Research shows that most renters – something like 80 percent – want to be owners someday. 

There are an estimated 111 million renters – per Apartment List – in America.  Those fathers, mothers, and households must be presented with the full truth about manufactured homes. They must also be given the opportunity tap that opportunity in practical ways.  That’s why topics like ‘enhanced preemption’ are so vital.

 

Be it Ever So Humble…

Even with all of the hardships and challenges, America represents an opportunity that most places on earth only aspire to have. Never forget that as we work in our own way for a better American Republic, we are each already so fortunate when compared to billions of others around the world. 

The truth and proven principles must be the guiding lights in the night sky.  That’s part of what that featured image at the top means.

Let’s all tip the hat to our fathers, who along with our mothers, made our lives possible. My folks and yours were human, a mix of goodness and weakness. That’s why we need a measure of mercy and appreciation combined. 

Then, let’s build on the hard work of the generations that have struggled for an ever higher degree of human freedom and equality under the law. Let’s make sure that those who manipulate the system in ways that diminish our own rights and that of others are exposed, and brought to as swift an end as the law permits.

The monopolization of America is just part of a pattern that been evolving. It’s not only occurring in our manufactured home (MH) industry, but there are egregious cases in MHVille that must be addressed. That will involve the legal and political systems.  In a sense, the biggest compliment we can get is the back-handed one that the Omaha-Knoxville-Arlington axis work so hard to obscure or attempt to undermine what we do here. The second biggest compliment they can give us is to keep ducking public debate over the published concerns. If they were so confident, they’d debate us, right? Instead

That said, well plan to be here for you day-by-day to share the reports, to celebrate the successes, to do the fact-checks and analysis, as well as to call for the corrections needed. 

Happy Father’s Day.

Those latest reports follow below. With no further adieu, let’s dive into the week that was from 6.9.2019 to 6.16.2019.

 

New June Featured Articles:

Including new Tim Connor, plus A Cup of Coffee with…, and other reports – linked here.

 

What’s New on MHLivingNews:

mhlivingnews-improvedlivingforle-logo

GoodbyeTrailerHousesMobileHomesHappy43rdAnniversaryHUDCodeManufacturedHomesMHLivingNews

https://www.manufacturedhomelivingnews.com/goodbye-trailer-houses-and-mobile-homes-happy-43rd-anniversary-hud-code-manufactured-homes/

 

What’s New in Washington, D.C. From MHARR

 

 

What’s New on the Masthead

Surprising Non-Partisan Revelations, Opportunities, Controversies Could Decide 2020 Campaigns – Affordable Housing, Antitrust, Wealth Inequality, and Manufactured Homes

Surprising Non-Partisan Revelations, Opportunities, Controversies Could Decide 2020 Campaigns – Affordable Housing, Antitrust, Wealth Inequality, and Manufactured Homes

 

 

What’s New on the Daily Business News

11DailyBusinessNewsMHProNewsLogos

Saturday 6.15.2019

·        Celebrating Manufactured Housing’s 43rd Birthday, Born June 15, 1976

Celebrating Manufactured Housing’s 43rd Birthday, Born June 15, 1976

 

Friday 6.14.2019 

·        It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

·        RE Focused Economist Says, ‘Millions of Housing Units’ Needed

RE Focused Economist Says, ‘Millions of Housing Units’ Needed

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

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

·        “Together, We Are Building a Safe, Strong, and Proud America,” Happy Birthday, President Donald. J. Trump

“Together, We Are Building a Safe, Strong, and Proud America,” Happy Birthday, President Donald. J. Trump

 

Thursday 6.13.2019 

·        Criminal Justice Reform, Benefits Cited, Including MH Industry, Communities, American Society

Criminal Justice Reform, Benefits Cited, Including MH Industry, Communities, American Society

·        Tanker Strike Spark Oil Jump, Likely Rise in MH Transport Costs, plus Manufactured Home Stock Updates

·        Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

·        City Ponders “Mobile Housing Units,” to Address “Affordable Housing Shortage,” Citizen Reaction

City Ponders “Mobile Housing Units,” to Address “Affordable Housing Shortage,” Citizen Reaction

 

Wednesday 6.12.2019 

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

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

·        Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

·        Time to Say Goodbye, Lessons Learned, What’s Next

Time to Say Goodbye, Lessons Learned, What’s Next

·        Highlights Of Consumer Financial Protection Bureau Director Kathleen Kraninger’s First Six Months, What’s Next?

Highlights Of Consumer Financial Protection Bureau Director Kathleen Kraninger’s First Six Months, What’s Next?

 

Tuesday 6.11.2019

·        News Media Alliance Slams “Anti-Competitive Behavior,” Report, Congress Investigates – Plus Manufactured Home Stock Updates

News Media Alliance Slams “Anti-Competitive Behavior,” Report, Congress Investigates – Plus Manufactured Home Stock Updates

·        Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

·        WAVY, Mainstream TV – HUD Secretary Ben Carson, Innovative Housing Showcase – Clayton Homes, and Berkshire Hathaway Revelations

WAVY, Mainstream TV – HUD Secretary Ben Carson, Innovative Housing Showcase – Clayton Homes, and Berkshire Hathaway Revelations

·        Country Star John Rich Performs ‘Shut Up About Politics’ – Manufactured Housing Takeaways

Country Star John Rich Performs ‘Shut Up About Politics’ – Manufactured Housing Takeaways

 

Monday 6.10.2019

 

·        U.S. Chamber hits POTUS on ‘Weaponization of Tariffs,’ POTUS Trump Hits Back, plus Manufactured Home Stock Updates

U.S. Chamber hits POTUS on ‘Weaponization of Tariffs,’ POTUS Trump Hits Back, plus Manufactured Home Stock Updates

·        Governor Kristi Noem Tells Young Woman too Many People are Governed by Feelings

Governor Kristi Noem Tells Young Woman too Many People are Governed by Feelings

·        HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

·        “Cribs with Carson,” Tiny House, Manufactured Homes, Innovative Housing Showcase, National Mall, Washington, D.C. Video Report

“Cribs with Carson,” Tiny House, Manufactured Homes, Innovative Housing Showcase, National Mall, Washington, D.C. Video Report

 

Sunday 6.9.2019

·        George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

Don’t forget, for the biggest possible professional audience and
top business/team development services,
click here.

 

Let’s close with the following plug, that is actually free plug for you and your professional future.

There are a numerous good reasons why you should be on our industry-leading email headline news list. Let’s name only a few.

  • When numerous federal officials are on our email list, shouldn’t you want to know what their reading?
  • When the corporate leaders of the largest companies in manufactured housing are – per our sources – regular ‘5 star’ readers of our headline news, knowing they may not even like what they read, doesn’t that tell you that you should be reading them too?
  • When thousands of industry professionals logon daily, routinely from our 2x weekly email headline news, isn’t that across-the-board ‘voting with time and browers’ the strongest reason you could have for being a regular reader too?
  • We are pro-industry, pro-consumer, pro-growth, and believe that our industry’s proven solutions are fundamentally nonpartisan.
  • To properly inform and educate others, one must be as informed as they can be too.  This site is ‘informing the leaders,’ and ‘teaching the teachers.’ While we disagree with several of Warren Buffett’s business practices, one must acknowledge the wisdom of his habit of reading a lot, from a variety of sources. He reportedly reads 5 to 6 hours a day.  If you read 30 minutes to an hour a day here and on MHLivingNews, you’ll find yourself grasping opportunities, and avoiding possible heartaches that you may not have realized existed.
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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

When our homes and industry are properly understood, manufactured housing can be a major force for solving the affordable housing needs of Americans. That means we can be part of lifting millions from dependence to greater independence. From poverty to greater personal wealth. That’s accomplished in part through education and information, and this is the runaway #1 professional resource for that in all of manufactured housing. Thank you so much for your part in making that statement true. “We Provide, You Decide.” © ## (Sunday headline news recap, commentary, fact-checks, and analysis.)

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L. A. ‘Tony’ Kovach is co-founder of MHLivingNews, MHProNews, is a highly acclaimed industry consultant, a managing member of LifeStyle Factory Homes, LLC, and is a 25 plus year award-winning manufactured home industry professional. Kovach earned the Lottinville award in history at the University of Oklahoma. His minor in business included “Management by Objective (MBO).

 

Related Reports:

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FormerManufacturedHousingInstitutePresidentChrisStinebertManufacturedHomeOwnersUrbanInstituteYouMHLivingNews

https://www.manufacturedhomelivingnews.com/former-manufactured-housing-institute-president-manufactured-home-owners-urban-institute-and-you/

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

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https://manufacturedhousingassociationregulatoryreform.org/mharr-launches-fighting-discriminatory-zoning-mandates-manufactured-housing-project/