Abraham Lincoln is credited by BrainyQuotes with saying that: “No man has a good enough memory to be a successful liar.” A scam is defined by Oxford Languages as “a dishonest scheme; a fraud.” When a scam to defraud others of their rights or property at a discounted valuation is operating in plain sight, it is reasonable to assume that not everyone at an organization is in on the scam. Left-leaning Wikipedia says “Richard W. Rahn [Ph.D.]…is an American economist, syndicated columnist, and entrepreneur. He is chairman of Improbable Success Productions and the Institute for Global Economic Growth.
Rahn writes a syndicated weekly economic column which is published in The Washington Times, Real Clear Markets and elsewhere. He was the vice president and chief economist of the United States Chamber of Commerce…” In a broadside against his former nonprofit bosses, Rahn said: “Business organizations such as Chambers of Commerce that represent companies engaged in many different businesses — from mom-and-pop businesses to the very largest ones — will always have many conflicts among their members. Large companies, through their lobbying efforts, often are able to insert special tax and/or regulatory provisions in legislation or administration regulations that benefit them over their competitors or other types of business.” Consider Rhan’s expert assertion as it may apply in the parallel case of the Manufactured Housing Institute (MHI) because Rahn said it applies to “Business organizations such as Chambers of Commerce…” (italicized emphasis added). Then consider how some of the remarks that follow from Texas Manufactured Housing Association (TMHA) VP Rob Ripperda and Texas A&M University’s Dr Harold Hunt, Ph.D., may apply to evidence-based concerns and allegations that the Manufactured Housing Institute (MHI) is working for the benefit of “large company” insiders seeking to consolidate the manufactured housing industry rather in contrast to MHI’s stated claim that MHI is working for “all segments” of the manufactured home industry as they advertise on their website and elsewhere.
- In Part I of today’s report, highlighting is added by MHProNews, but the text is as in their original press release from the date shown. Specific comments referenced in the headline above by TMHA’s Ripperda and the Texas Real Estate Research Center (TRERC) Dr. Hunt will be spotlighted below in the 6.7.2023 press release.
- In Part II will provide additional information with more MHProNews expert analysis and commentary.
- In Part III is our Daily Business News on MHProNews macro- and manufactured housing-connected stocks, real estate investment trusts (REITs), and equities markets report.
Part I
Texas manufactured housing hits stride as broader industry struggles
COLLEGE STATION, Tex. (Texas Real Estate Research Center) – In contrast to Texas’ manufacturing industry as a whole, the state’s housing manufacturers surged with confidence in May, according to the latest Texas Manufactured Housing Survey (TMHS). The business-activity and company-outlook indices increased for the fourth consecutive month to their highest levels since 2021.
New orders and production continued to rebound after last year’s correction.
“After a productive spring season, housing manufacturers expressed broad-based optimism for the second half of 2023,” said Wesley Miller, senior research associate at the Texas Real Estate Research Center (TRERC). “This sentiment stands out against other manufacturing subsectors, where faltering orders and activity have forced a more cautionary tone, according to the Dallas Federal Reserve’s Texas Manufacturing Outlook Survey.”
“Higher interest rates impact industries differently,” explained Dr. Harold Hunt, senior research economist at the TRERC. “For example, higher mortgage rates reduce housing affordability, and some prospective buyers leave the site-built market and enter the manufactured-housing sphere.”
In addition to the wave of new orders for manufactured homes, May marked the first uptick in sale prices for 2023. TRMS respondents expect prices to grow over the next six months, but that expectation includes the price of raw materials. Housing manufacturers also anticipate labor costs to increase, but they plan on expanding payrolls to expand production.
Supply chains have been stable, and respondents expressed an improvement in the overall level of uncertainty.
“The industry had to navigate through most of May with the uncertainty of whether the Department of Energy’s (DOE) Energy Conservation Standards for Manufactured Housing were going to take effect on the last day of the month as scheduled,” according to Rob Ripperda, vice president of operations for the Texas Manufactured Housing Association. “The DOE published a proposed rule back in March asking for input on delaying the implementation, but confirmation of a later compliance date was not announced until May 19th, just 12 days before the changes were supposed to take effect.”
The TRMS reflected this development, with the regulatory-burden index holding firmly in positive territory, but its corresponding six-month-expectations iteration trended downward.
“Manufacturers will have to wait and see what the final compliance procedures will ultimately be, but once those rules are finalized, they will have 60 days to get their single-section production lines ready and until July 1, 2025, for their multi-section homes,” Ripperda said.
All TMHA members with manufacturing facilities in the state were invited to participate in the sentiment survey, and the survey panel represents 89 percent of HUD-code homes produced in Texas. …
—30—
Part II – Gaining a “Superpower” – Additional Information with More MHProNews Analysis and Commentary in Brief
Sound information is a proven means of gaining an advantage in an array of human endeavors, including business, career, interpersonal activities – or gambling. According to left-leaning Wikipedia, a “tell” in gambling is defined as follows. “A tell in poker is a change in a player’s behavior or demeanor that is claimed by some to give clues to that player’s assessment of their hand. A player gains an advantage if they observe and understand the meaning of another player’s tell, particularly if the tell is unconscious and reliable.” A 8.19.2021 post on LinkedIn explains how understanding micro expressions can be a “superpower” “letting you read emotions like a book.” Bluntly, MHProNews provides such detailed information in order for manufactured housing professionals, investors, and others to navigate their career, business or investment strategies with “superpower” like abilities. With that understanding, MHProNews will pull together various pieces of information and evidence for the benefit of the many outsiders, advocates, and watchdogs who can benefit from such insights. A systematic or ‘step by step’ approach to the above is warranted.
1). To Dr. Rahn’s point cited in the opening preface, when larger firms are using a nonprofit (possible examples, U.S. Chamber of Commerce or the Manufactured Housing Institute, i.e.: MHI) for their own benefit and to the detriment of smaller firms, it is reasonable to think that the larger firms are not going to openly say what they are doing. After all, why would smaller firms willingly go along with having bigger firms openly subvert their interests? Why would smaller firms pay dues to a trade association that is working against their own interests?
2). As yesterday’s detailed report and analysis explored and revealed, MHI’s 21st century history appears to clearly favor the interests of consolidators who routinely happen to be MHI’s dominating members. MHI can says something that may sound quite like what the position of the Manufactured Housing Association for Regulatory Reform (MHARR) happens to be. But unlike MHARR, whatever MHI’s lingo happens to look like, their intentions are arguably not the same. How else can it be explained that MHI is openly colluding with the competitors of manufactured housing and making that sound like a feature to be bragged about? How else can it be explained that MHI worked with MHARR to get the Manufactured Housing Improvement Act of 2000 (MHIA) enacted with its enhanced preemption provision, but for a decade or so has stopped working with MHARR? Or more specifically to the Department of Energy (DOE) rules that TMHA VP Ripperda referenced, how else to explain that MHI waited so long to sue to stop the enforcement of the DOE manufactured housing energy rule? How else can it be explained that MHARR is arguing that MHI-TMHA should be working now to kill the rule, as the Wall Street Journal (WSJ)’s 5.9.2023 editorial suggested?
3). But instead of working to kill the rule that MHI’s own attorneys said is causing irreparable harm due to their costs and other problems, Ripperda per TRERC above said the apparent goal now is acceptance of the entire process. The MHI-TMHA suit, despite claims to the contrary, now appears to be aimed at mere delay instead of victory that could be achieved by killing the regulations. For obvoius evidence, consider Ripperda’s words again: “The industry had to navigate through most of May with the uncertainty of whether the Department of Energy’s (DOE) Energy Conservation Standards for Manufactured Housing were going to take effect on the last day of the month as scheduled,” said Ripperda. “The DOE published a proposed rule back in March asking for input on delaying the implementation, but confirmation of a later compliance date was not announced until May 19th, just 12 days before the changes were supposed to take effect.”
“Manufacturers will have to wait and see what the final compliance procedures will ultimately be, but once those rules are finalized, they will have 60 days to get their single-section production lines ready and until July 1, 2025, for their multi-section homes,” Ripperda said.
4) Those remarks ought to be a red flag for independent producers, retailers, communities, and consumer advocates who truly grasp these issues on a range of levels. That is seemingly more than a tell, it is like a poker player laying his cards on the table and showing them. For some commonsense takeaways from the above, consider the following.
- a) There is no mention at all by Ripperda of the MHI-TMHA suit. Why not?
- b) There is no mention by Ripperda that the MHI-TMHA plan to seek to “kill” the DOE regulations, as MHARR, the Wall Street Journal (WSJ) and others involved in manufactured housing think prudent or openly support.
- c) There have been dual MHI-MHARR members for years. When MHI claims that they are working for “all segments” of the industry, and then moves toward implementation of a rule that the smaller manufacturers obviously oppose, then MHI’s claims are being apparently contradicted by their own actions and behaviors.
- d) A look at MHI’s IRS Form 990 is eye opening too. When MHI leaders have been asked to respond to prima facie antitrust and related concerns raised by MHI member actions and MHI 990 remarks, MHI’s response was silence.
- e) So Rahn’s warnings against “corrupt” nonprofits, the keen observations of Carol Roth, the National Association of Manufacturers (NAM), and others who assert that big firms can use regulations to work against the interests of smaller firms in subtle to bold ways. That use of regulations against competitors appears to be clearly on display once someone grasps the various details as outlined and linked herein. Nor have MHI’s leaders bothered to clarify or deny those assertions.
- f) So, those allegations remain a de facto reality. Oxford Languages explains that the Latin expression de facto means: “in fact, or in effect, whether by right or not” (emphasis added).
5) Next, to the point made by Dr. Hunt. His statement is arguably quite correct. As rising interest rates push people out of the conventional housing market, large numbers of housing seekers who no longer qualify for conventional housing are then apparently falling instead into the manufactured home market. But that being so, then why is manufactured housing slowing down instead of speeding up?
6) Hunt’s logical position also appears to undermine some of what Cavco’s CEO William “Bill” Boor said in his part of that publicly traded firm’s recent earnings call with analysts. Analyst Gregory Palm asked Boor in his own words: ‘why is manufactured housing industry production so weak?’ Boor’s response was a mish-mash of information that when scrutinized apparently does not hold up. That is further buttressed in the report linked above and here. That begs the question: what are Boor and his senior colleagues attempting to hide? A year ago manufactured housing had long reported backlogs. That should beg the question: was this now 7 months of manufactured housing downturn avoidable? Using Hunt’s logic, the obvious conclusion ought to be ‘yes.’ Because for every ‘typical’ manufactured home consumer that no longer qualifies due to rising interest rates, even more conventional housing buyers who no longer qualify for site-built housing only have manufactured homes to turn to for permeant affordable housing.
7) Put differently, Hunt’s brief remarks – coupled with those of MHI affiliate TMHA’s Ripperda – support the concerns raised by MHARR, MHProNews and MHLivingNews. They logically undermine the claims of MHI that they are working for the interests of all segments of the industry. MHI are apparently working for the benefit of consolidators instead of “all.” Years of research, analysis, and reports are apparently confirmed in a brief TRERC statement.
8) All that said, the TRERC statement is not to be taken in its entirety at face value to be wholly accurate, at least not perceptually. TRERC media relations contact Bryan Pope told MHProNews that they would clarify this month that their reports are a sentiment index. TRERC’s Pope admitted in an email that MHProNews’ analysis has been correct.
9) With respect to this month’s TRERC remarks, shown above, and seemingly true to Pope’s word in response to MHProNews’ inquiries on the topic, Wesley Miller, senior research associate at the Texas Real Estate Research Center (TRERC), said in the above that “This sentiment stands…” The data that TRERC is referring to are the ‘sentiments’ or feelings of most Texas producers, who happen to be dominated by MHI’s big three producers: Clayton Homes (BRK), Skyline Champion (SKY) and Cavco Industries (CVCO). Words used above by TRERC included: manufactured home builder “expectations” or what those routinely MHI linked builders “expressed.” Those words are ‘sentiments’ which may or may not be supported by the cold, stark reality of facts. MHProNews demonstrated several times that while TRERC’s prior ‘sentiments’ said one thing, the actual hard data based on facts collected on behalf of the U.S. Department of Housing and Urban Development (HUD) by their contractor, the Institute of Building Technology and Safety (IBTS), said something quite different. Examples are linked above and below. The prior TRERC headline remarks below speak volumes but are only the start of the unpacked evidence.
10). Despite “optimism” in “sentiments” from Texas builders who routinely have obvious ties to MHI, manufactured housing’s stark production decline continued, it did NOT reverse.
11) In fairness and objectively speaking, while ‘sentiments’ reported by TRERC and the actual data may each be technically true, quantifying sentiments can be used to create an illusion of improvement when no improvement is in fact occurring.
12) Case in point, TRERC opens above with remarks that said that “the state’s housing manufacturers surged with confidence in May…” why would that confidence be so, when MHARR pointed out that the decline in manufactured housing shipments appears to be accelerating?
13) An informed source at TRERC tells MHProNews that on their email distribution list for TRERC’s report are MHI and some MHI members. Those members include bloggers and other (non-MHProNews non-MHLivingNews) trade media that routinely carry MHI’s talking points. So, if those others uncritically publish what TRERC says, those readers may get an impression that is based on sentiments rather than hard facts. For months, there have been industry members who have been given the impression that the industry is ready for a rebound when much of that illusory rebound was based on sentiments from MHI member plants operating in Texas.
14) MHProNews reported days ago about the fresh post on Investopedia that focused on what they called the Illusory Truth Effect. The Illusory Truth Effect is another possible way of saying that some in business, politics, media, or other fields may say a partial truth in a way that leaves out or spins the full reality. Repeated enough, or framed in a seemingly credible way, a deceptive remark(s) may seem to be true, even though it is NOT true.
15) As a number of MHProNews’ analysis of their reports and remarks have underscored, there seems to be a pattern at MHI, certainly among some of their consolidation-focused members, that they are working to subtly undermine manufactured housing independents. Using a variety of methods and tactics, which have generically been called ‘sabotaging monopoly‘ tactics by researchers such as James A. “Jim” Schmitz Jr. and his colleagues at the Minneapolis Federal Reserve, the manufactured home industry is being steadily consolidated into ever fewer hands. Programming Notice: a fresh set of analysis by Schmitz has been provided to MHProNews and will be part of a planned upcoming report.
16) That consolidation is hardly a victimless crime, if someone agrees with the evidence-packed contentions of Samuel “Sam” Strommen thesis for Knudson Law. Potentially millions are impacted, including untold thousands of manufactured home community residents who live in a property acquired by a “predatory” firm, possible and actual manufactured home consumers, along with independents who sold out and may have done so at discounted valuations are all among the potential victims.
17) Agree with Biden regime politics or not, the Biden White House Fact Sheet on Competition, while arguably paltering in part, nevertheless made certain relevant points – which is part of the nature of paltering or creating successful ‘illusions.’ Some truth is needed to make what is manipulative seem acceptable.
18) What appears to be based on factual evidence from the approaching two-year-old Biden “fact sheet’ are the following quoted remarks, which doesn’t specifically mention manufactured housing, but which will be examined as they apply to manufactured housing further below. The highlighting is added by MHProNews, because employees and other workers at Clayton, Skyline Champion, Cavco and other consolidator’s brands are arguably among those being harmed, even if they may be led to think that they are on ‘the winning side’ of this troubling equation.
JULY 09, 2021
FACT SHEET: Executive Order on Promoting Competition in the American Economy
- That lack of competition drives up prices for consumers. As fewer large players have controlled more of the market, mark-ups (charges over cost) have tripled. Families are paying higher prices for necessities—things like prescription drugs, hearing aids, and internet service.
- Barriers to competition are also driving down wages for workers. When there are only a few employers in town, workers have less opportunity to bargain for a higher wage and to demand dignity and respect in the workplace. In fact, research shows that industry consolidation is decreasing advertised wages by as much as 17%. Tens of millionsof Americans—including those working in construction and retail—are required to sign non-compete agreements as a condition of getting a job, which makes it harder for them to switch to better-paying options.
- In total, higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.
- Inadequate competition holds back economic growth and innovation. The rate of new business formationhas fallen by almost 50% since the 1970s as large businesses make it harder for Americans with good ideas to break into markets. There are fewer opportunities for existing small and independent businesses to access markets and earn a fair return. Economists find that as competition declines, productivity growth slows, business investment and innovation decline, and income, wealth, and racial inequality
- When past presidents faced similar threats from growing corporate power, they took bold action. In the early 1900s, Teddy Roosevelt’s Administration broke up the trusts controlling the economy—Standard Oil, J.P. Morgan’s railroads, and others—giving the little guy a fighting chance. In the late 1930s, FDR’s Administration supercharged antitrust enforcement, increasing more than eightfold the number of cases brought in just two years—enforcement actions that saved consumers billionsin today’s dollars and helped unleash decades of sustained, inclusive economic growth.”
19) What the ‘fact sheet’ pull quotes above outlined has merit. A common argument by antitrust advocates is that when corporate giants are broken up by antitrust enforcement it has historically “helped unleash decades of sustained, inclusive economic growth.” Monopolies are not always a single brand dominating a market. Monopolies can take several forms, including, but not limited to, the oligopoly style of monopolization.
20) The later kind of monopolization – oligopoly – may have advantages for those who want to consolidate an industry but do not want to have to fight antitrust enforcement professionals. That’s not said to defend monopolizers, but rather to reflect their thinking and why they might opt for that method.
21) But when people realize that they have been ripped off, be it subtly or boldly, many react in an understandably bothered way. If a producer, retailer, community operator, supplier, or other product/service provider was harmed by the events that have occurred in manufactured housing in the 21st century, then of course the perpetrators of such a scam would likely want to cover their tracks. To avoid “pitchforks” the elitists in our industry and others use seemingly clever deceptions in the hope of defusing retaliation or legal efforts of various kinds.
22) A billionaire who was celebrated for years but ended up dying in federal prison was the late Bernie Madoff. Part of Madoff’s scam was obviously different than the one operating in manufactured housing. But there is at least one similarity that is worth considering as a takeaway from Madoff. Part of how Madoff pulled off his scam for years is that he arranged it so that others benefited along with himself, obviously at the expense of the victims of the scheme. Apply that lesson to MHVille. Some appear to be benefiting, not just Clayton Homes, Skyline Champion, Cavco Industries and consolidating community operators who routinely happen to be MHI members and/or are members of an MHI state affiliate.
- a) But as the White House Fact Sheet explains, employees and other workers are earning less in this environment.
- b) Consumers are earning less as this plays out not only in manufactured housing, but also in other parts of the economy.
- c) Fewer people will qualify for purchasing housing as time marches on.
- d) Or as the Fact Sheet said: “higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.”
23) These are reasons for state and/or federal officials to act against the monopolizers.
Summing Up and Conclusion
While it may take expert eyes that understand the claims made by TRERC above and then be able to line them up with other facts, evidence, and posturing to grasp the nature of the scam, it is an evidence-based case that those who stand so accused have declined explaining or responding to directly. Indirectly, they may deploy red herring style tactics to distract and ‘razzle dazzle’ their trusting followers.
But as MHProNews has noted, the Razzle Dazzle is a scam artists technique. Who says so? The U.S. Department of Justice.
The image below is from the MHI website. Years later, MHI is still attempting to promote
a program that MHI admitted to HUD is failing with developers. Why keep pushing a program
that is obviously failing in the marketplace? The answer appears to be a subtle form of antitrust violation.
In the short term, manufactured housing professionals should be aware that MHI apparently has no intention of “killing” the DOE energy rule. That has been the stated concern of this publication for months. The need to kill those regulations have been the concern of MHARR, the WSJ, and others.
It is long past time to:
- i) Compel MHI to do their job as claimed and act on the behalf of all segments of the industry, not just their consolidating insiders.
- ii) To ask public officials to investigate MHI and their dominating brands for possible antitrust, RICO, Hobbs Act or other violations of federal/state laws.
- iii) For more whistleblowers to step forward among the MHI and MHI-linked dominating brands.
- iv) Question the wisdom of supporting MHI with dues that are being used to undermine the interests of independents.
- v) In the interim, members should push MHI to sue, sue, sue to get the industry’s interests fully and properly enforced. The flashback reports below shed additional light on that notion. Now that MHI has sued on the DOE issue, they should use it to win, not to snatch defeat from the jaws of victory. They should also sue to get other long festering issues resolved instead of allowing them to continue to blunt manufactured housing production and acceptance.
III. Daily Business News on MHProNews Markets and Headline News Segment
The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.
Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.
Headlines from left-of-center CNN Business – from the evening of 6.7.2023
- Searching for value
- Courtesy of Kia
- Yes, you can still buy a good cheap car
- FAA lifts ground stop at NYC airport but delays flights due to smoke
- Saudi Arabia’s Public Investment Fund just reshaped pro golf. It’s not stopping there
- CNN Chairman and CEO Chris Licht is out after a brief and tumultuous tenure
- Ship collision caused by distracted watch officer who was texting on his phone, NTSB finds
- Russian-speaking cyber gang claims credit for hack of BBC and British Airways employee data
- Prince Harry chokes up in witness box, telling court his phone hacking testimony has been ‘a lot’
- The rivalry between Meta and Apple is moving to a new playing field: virtual reality
- First on CNN: Pornhub asks users and Big Tech for help as states adopt age verification laws
- Martha Stewart says America will ‘go down the drain’ if people don’t return to office
- An iconic Taco Bell menu item is going vegan
- They said we were getting a recession. Instead, we’re getting a bull market
- North Korea hackers suspected in new $35 million crypto heist
- Turkish lira crashes as new government sets sights on ‘rational’ policies
- Ozempic is taking China by storm. Drugmakers are scrambling to boost supplies
- India and China are kicking out each other’s journalists in the latest strain on ties
- More people than ever are taking China’s college entrance exam. But a dire job market awaits
- Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever
- China’s exports tumble in May as global demand falters
- Coca-Cola’s newest flavor is aimed at gamers
- Tucker Carlson launches first episode of low-budget Twitter show after Fox News firing
- ‘The Little Mermaid’ tanks in China and South Korea amid racist backlash from some viewers
Notice: the graphic below can be expanded to a larger size.
See the instructions below the graphic below or click the image and follow the prompts.
Headlines from right-of-center Newsmax 6.7.2023
- Some Pandemic Money Used to Pay for Liberal Priorities
- Local and federal officials have used pandemic relief in numerous cases nationwide to generously fund controversial liberal priorities that some people would say have nothing to do with recovery from the coronavirus or preventing an economic disaster, the Washington Examiner reported on Wednesday. [Full Story]
- Newsmax TV
- Meuser: Freedom Caucus ‘Wrong’ on Rules Vote
- RNC’s McDaniel: Debate Rules Are Necessary | video
- Hinson: ‘Excited’ to See ‘Great Conservatives’ in ’24 Field | video
- Zinke: Tackle Debt By Having Congress Appropriate Everything | video
- Ogles: Large Primary Field Good for Trump | video
- Comer: FBI Doc Alleges Biden Profited From Ukraine Aid | video
- Eric Trump: Special Counsel ‘Hellbent’ on a Takeout | video
- Megyn Kelly: Consumers Have Last Word on ‘Woke’ | video
- Newsfront
- GOP Hopefuls Push for Small Donations to Make Debates
- Republican candidates are focusing on small donations after the Republican National Committee set a 40,000 donor threshold for appearing in the first primary debate, Politico reports…. [Full Story]
- Pence: Jan. 6 Events Disqualify Trump From Another Term
- Former Vice President Mike Pence officially launched his campaign for [Full Story]
- Wildfire Smoke Carries Serious Health Risks
- The northeastern United States is blanketed under a pungent haze [Full Story]
- Comer Releases Wray Contempt Resolution
- The House Committee on Oversight and Accountability released its [Full Story]
- Biden Spill at Air Force Brings Age Into Spotlight Again
- President Joe Biden’s spill last week at an Air Force Academy [Full Story]
- Mike Pence Launches His 2024 Presidential Bid
- Former Vice President Mike Pence promised “the best days of the [Full Story]
- What Did Mysterious Chinese Spaceplane Release in Orbit?
- The secretive, unmanned Chinese spaceplane that recently returned to [Full Story] | Platinum Article
- RNC Bolsters Early Voting Ahead of 2024 Elections
- The Republican National Committee is launching “Bank Your Vote,” a [Full Story]
- Antisemitism Bill ‘Key Step’ to Hold Colleges Accountable
- Jewish organizations working to expose antisemitism and hold [Full Story] | Platinum Article
- DeSantis Makes First Trip to Border as Candidate
- Florida Gov. Ron DeSantis on Wednesday made a surprise visit to the [Full Story]
- Ukraine: Counteroffensive to Persist Despite Dam Destruction
- Ukrainian officials on Tuesday insisted that the destruction of the [Full Story]
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- Waters Continue to Swell in Southern Ukraine
- Collapse of Major Dam in Southern Ukraine Triggers Emergency
- ‘Special’ Vehicles Used for Kherson Flood Evacuations
- Russia: Ukraine Blew Up Togliatti-Odesa Ammonia Pipeline
- US Envoy: Kosovo’s EU, NATO Path Requires Serb Autonomy
- CNN Fires CEO Chris Licht in Major Shakeup
- CNN’s Chris Licht is stepping down as CEO after 16 months in the job, [Full Story]
- Report: China Used TikTok ‘God Credential’ to Spy on Americans, Hong Kong Activists
- A former executive at ByteDance, the Chinese company which owns the [Full Story]
- Trump Ad Attacks ‘Radical Left’ as ‘Rabid Wolves’
- A new ad spot for former President Donald Trump’s 2024 presidential [Full Story]
- Tucker Carlson’s Twitter Show Garners Nearly 80M Views
- Tucker Carlson’s new Twitter show, “Tucker on Twitter,” garnered [Full Story]
- Justices Thomas, Alito Delay Financial Disclosures
- Supreme Court Justices Samuel Alito and Clarence Thomas have asked [Full Story]
- McConnell: PGA Tour, LIV Merger ‘Not a Governmental Concern’
- A merger between the PGA Tour and LIV Golf is “not a governmental [Full Story]
- Missouri Governor Signs Bill Banning Gender Care
- Transgender minors and some adults in Missouri will soon be banned [Full Story]
- Publisher: Fox News Censoring Jeanine Pirro on Book Tour
- Fox News is preventing Jeanine Pirro from promoting her new book in [Full Story]
- AG Bill Barr Predicts Trump Indictment
- Former Trump administration Attorney General Bill Barr on Tuesday [Full Story]
- Blinken Discusses Human Rights With Saudi Crown Prince
- Secretary of State Antony Blinken raised concerns over human rights [Full Story]
- WSJ: Instagram Connects Pedophile Accounts
- Instagram, the photo-centric social media platform owned by Meta, [Full Story]
- Wrestling Legend ‘The Iron Sheik’ Dies at 81
- WWE Hall of Famer and 1980s professional wrestling icon “The Iron [Full Story]
- Congress to Tackle Military’s Proposed 5.2 Percent Raise
- With the debt-ceiling agreement now law, some members in Congress are [Full Story]
- Trump MAGA PAC Founder Testifies Before Grand Jury
- A former spokesman for former President Donald Trump who founded the [Full Story] | video
- Some Pandemic Money Used to Fund Liberal Priorities
- Local and federal officials have used pandemic relief in numerous [Full Story]
- House GOP Back to Talks, Motion to Vacate May Still Loom
- House Republicans will try again on votes to advance legislation [Full Story] | video
- Utah Senate Candidate Trent Staggs Taking on Romney
- Utah GOP senatorial candidate Trent Staggs on Wednesday, in a newly [Full Story]
- Poll: CEOs See Soft Landing for Economy
- Corporate leaders see a soft landing for the U.S. economy instead of [Full Story]
- 2M Immigrants Released Into US ‘Here Indefinitely’
- An estimated 2 million immigrants released from the southern border [Full Story]
- Cruz Pushing for Street Name Change at Cuban Embassy
- Ted Cruz is pushing to have the street in front of Cuba’s [Full Story]
- Forgotten Restaurant Chains That No Longer Exist Today
- Finance
- PGA, Saudi-Backed Rival LIV, European Tour to Merge
- The PGA Tour, European Tour and rival Saudi-backed LIV Golf circuit announced a landmark agreement on Tuesday to merge and form a commercial entity to unify golf…. [Full Story]
- Boeing Delays 90 Dreamliner Jets Over Horizontal Stabilizer Defect
- Israeli Finance Minister Meets Global Companies in Paris
- McIlroy: PGA’s Partnership With LIV Good for Golf
- PGA Tour Merges With Saudi-Backed Rival LIV Golf
- More Finance
- Health
- 6 Herbs and Spices Proven to Boost Brain Health
- June is Alzheimer’s and Brain Awareness Month. You can show support by wearing purple and/or donating to causes that are helping to find a cure for this devasting disease that affects 55 million people worldwide. In addition, scientific studies have shown that certain herbs…… [Full Story]
- ChatGPT Answers to Health Inquiries Lack Resources
- Pope Francis Out of Surgery, Will Stay in Hospital for Several Days
- 13 States Under Air Quality Alerts From Wildfires
- Simple Habit Slashes Mortality Risk by 40 Percent
Notice: the graphic below can be expanded to a larger size.
See the instructions below the graphic below or click the image and follow the prompts.
2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too.
See the facts, linked below.
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Updated
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- NOTE 1: The 3rd chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
- Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
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2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
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- Manufactured housing, production, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
Department of Energy Publishes ‘Unacceptable’ Manufactured Housing Energy Rule Extension, MHI Remarks, Ex-MHI and MHARR’s Danny Ghorbani Offers Focused Praise – plus MHVille Stocks, REITs Updates
