“Failed public policies are creating a two-tiered society in America, where an entire generation of Americans likely won’t ever be able to afford their own homes,” says the subheading of the article posted below by economist E.J. Antoni on sobering claims about the role green housing mandates are playing in the U.S. housing scene.  According to another new report on News Nation dated 5.9.2024, under the headline of “Americans: It’s the worst time ever to buy a home” it said the following. “Americans are feeling historically bad about the housing market, and most expect prices to keep rising over the next year. Just 21% of people say it’s a good time to buy a home, tied for the lowest level on record, according to a new Gallup survey.” That same News Nation report said: “Most of those surveyed — nearly 70% — expect prices in their area to go up over the next year, Gallup found. That’s a higher share than a year ago when roughly 56% felt the same. The findings come as more Americans brace for interest rates to stay higher for longer following several hot inflation reports and indications from the Federal Reserve. After cooling to 6.6% in January, the average rate on a 30-year mortgage hit 7.2% last week, the highest level in five months. Nearly 40% of homeowners say they couldn’t afford their home today Nowadays, buyers need to make $114,000 a year to afford the typical U.S. home, according to a recent Redfin report. In higher cost-of-living areas like San Francisco and San Jose, California, households need to bring in almost $400,000 to afford a home.” What’s bad for the conventional housing market could be good for the manufactured housing market, but that could realistically comes with several significant “ifs.” More on that in Part II of this report.

From Antoni’s article in Part I consider, these pull quotes.

• “Instead of a homebuyer’s bearing the full freight of these [Biden-era] green energy mandates, some of the cost will be passed on to taxpayers, including renters.”
• Because the break-even point in paying for those supposedly energy saving mandates is so long: “So if a young couple buys one of these new green energy homes and has a child one year later, the regulatory costs still won’t have paid for themselves in that child’s lifetime, let alone the life of the couple who bought the home.”

Recall that the New York Times reported on a survey that said that the typical American was willing to pay only about $10 more per month to ‘go green.’ If millions of Americans think that they will be paying more their entire lives for a house that will never recoup the supposed ‘energy savings,’ how would that impact renters, new or prospective housing buyers that are already struggling?

What follows has housing policy, political, and several potential manufactured housing ramifications. See that in Part II.

Part I – Per the Daily Signal and Provided to MHProNews

ECONOMY | COMMENTARY

‘Green’ Housing Mandates Push Americans Further Into the Red

EJ Antoni / @RealEJAntoni / May 09, 2024

Failed public policies are creating a two-tiered society in America, where an entire generation of Americans likely won’t ever be able to afford their own homes. And President Biden just made things worse. …

Home prices across the nation are back up near a record high. That makes this a particularly bad time for the Biden administration to have rolled out its new “green” energy mandates, which will add $31,000 to the cost of a new home.

The mandates are being pushed through the Department of Housing and Urban Development and while they technically won’t apply to all homes, all homebuilders will effectively be forced to comply with them.

The Biden administration doesn’t deny this higher upfront cost. It simply claims it’ll pay for itself via lower energy bills. Unfortunately, the break-even point is 90 years.

So if a young couple buys one of these new green energy homes and has a child one year later, the regulatory costs still won’t have paid for themselves in that child’s lifetime, let alone the life of the couple who bought the home.

HUD argues that homebuilders will be able to get tax credits via the Inflation Reduction Act to offset some of these costs, with those savings hopefully passed along to homebuyers.

However, this is not a real reduction in costs; it’s merely passing the buck to taxpayers.

Instead of a homebuyer’s bearing the full freight of these green energy mandates, some of the cost will be passed on to taxpayers, including renters.

This is just the latest example of how failed public policies are creating a two-tiered society in America, where an entire generation of Americans will likely never be able to afford their own homes.

Amid a cost-of-living crisis, renters today are paying more than ever in housing costs, with half of them reporting difficulty paying their rent on time. Over 20% said they did at least one of the following to stay current on rent: skipped meals, worked extra hours, sold personal belongings.

With the average monthly rent for a home up 50% in just four years and the cost of other necessities like food, clothing, and energy also skyrocketing, many Americans have nothing left to save at the end of the month. Small wonder the average savings rate today is less than half what it was before the COVID-19 pandemic.

That means many renters can never afford to save for a down payment, so they’re stuck renting forever.

Even those who manage to scrimp and save for their jumbo-size down payment still may not be able to afford the monthly mortgage payment, which has doubled since January 2021. Despite record-high rental prices, owning a home has never been so expensive relative to rents.

The fallout from people being unable to afford a home goes far beyond dollars and cents. Young people delay marriage and having children. A two-tiered society springs up between the “haves,” who were lucky enough to buy a home at the right time, and the “have nots,” who were too late. Americans become increasingly divided along racial lines. People lose hope.

These new green energy mandates will worsen conditions in the frozen housing market for the same reason that other failed public policy caused the mess in the first place: These energy mandates increase prices.

Runaway government spending caused 40-year-high inflation that drove up prices everywhere, including for housing. Inflation also necessitated higher interest rates, which have made it impossible for many people to sell their homes since that would mean losing a 2%-3% mortgage in exchange for a 7%-8% one.

Inflation has also driven construction costs to record highs, and those costs are passed to homebuyers in the form of higher prices. Since most people cannot afford a home at these higher prices, homebuilders are producing fewer houses.

Thus, the supply of new and existing homes has been severely curtailed. The growth in apartment buildings will likely fall sharply and soon, too. Forward-looking indicators such as building permits are declining; the number of job openings in construction fell in March by the biggest drop on record. Less construction of apartments will mean even more upward pressure on rent prices.

Americans need relief, not regulation, in their struggle to find affordable housing.

 Originally published by Fox News. ##

Part II – Additional Information with More MHProNews Analysis and Commentary 

1) Without referencing the work of HUD Policy and Development Research (PD&R) Pamela Blumenthal and Regina Gray, Antoni’s remarks obliquely make some tangentially similar points about regulatory barriers to more housing. In this instance that Antoni is reporting on, it is specifically with respect to “greener” housing with the claim of more potential energy savings. Gray’s report, in the second linked article below, is manufactured housing specific, but both articles shed important light on the dynamics of regulations as barriers to more housing and the role that manufactured homes could play in solving the issues. While every article that we publish serves a broad purpose that relates to manufactured housing in direct and/or indirect ways, the two below are arguably so significant, they should be required reading for thousands of manufactured housing pros. They should also be required reading for anyone that is advocating for more affordable housing.

2) The opportunities to build potentially millions of new HUD Code manufactured homes is implied by Cavco Industries (CVCO) in their investor relations (IR) pitch deck page shown below.

3) It is curious, if not troubling, that there is such a wide range of claims about how many millions of housing units are needed in the U.S.  We live in a so-called information age. State and federal agencies, among others, gather data. Why is it that some say there is less than 2 million housing units needed in the U.S, while others say (as Cavco did above) that it is more like 6 million units needed (which may be a conservative estimate). Others say it could be 10 million units needed or more.  Common sense alone should tell us that when some 8 million younger adults moved back in with ‘mom and dad’ in a single year, that alone should have freed up x million housing units. But apparently, population growth, illegal and legal immigration, and other factors yield what the National Low Income Housing Coalition (NLIHC) said “The U.S. has a shortage of more than 7.3 million rental homes affordable and available to extremely low income renter households.” One point is that despite any confusion, there is an evidence-based case that could be made that Cavco is correct, it could be 6 million or more new affordable housing units that are needed.

4) But if that is so, then why did manufactured housing suffer from a 15-month downturn starting in 2022 and through essentially all of 2023? According to the Manufactured Housing Association for Regulatory Reform (MHARR), it wasn’t until January 2024 that the national manufactured home production data reflected the start of a recovery. But the current levels of manufactured home shipments are still well below what they were just a few years ago.

5) Let’s note that when mentioning Cavco’s IR pitch, that should not be misunderstood as merely aiming at that higher profile MHI member. It is useful for several reasons, one, because they said it. Two, because William “Bill” Boor is currently MHI’s chairman. Three, as MHI’s vice chair and then self-described soon-to-be-chairman Boor’s remarks to Congress last July (2023), Boor himself said that what’s blunting the industry in large part is a failure by HUD to properly enforce what is often called the “enhanced preemption” provision of the Manufactured Housing Improvement Act of 2000. So, Boor was contradicting some of his own IR pitchbook claims. See below.

6) There are an array of sources, inside or beyond manufactured housing, that point to the absolute need for millions of more new manufactured homes. That being the case, and given that Boor and others at MHI are well aware of existing federal laws that could boost manufactured home production if they were only fully, consistently, swiftly and robustly enforced, then why is the industry operating at a lower level in 2023 than it did in 2017? Why is the manufactured housing production in 2023 only about 23.9 percent of the total production in 1998, when the U.S. population was smaller and before the MHIA and enhanced preemption became federal law? Why has MHI allowed over two decades to elapse without filing suit to enforce the MHIA and enhanced preemption?

7) The answers are increasingly apparent and sobering. MHI leaders often posture support for getting good existing federal laws enforced, but meanwhile MHI leaders have actually ‘partnered; with numbers of conventional housing trade groups that are the competitors of HUD Code manufactured housing. These are not conspiracy theories, they are the facts hiding in plain sight. MHI has said so themselves.

8) While other than MHARR, MHProNews, and MHLivingNews there seems to be too little or no focus in MHVille trade media on the genesis of the DOE energy rule and how that too may be fostering consolidation and reduction in output, the history of that energy rule matters.

9) Pivoting back to what News Nation said about a recent Gallup survey on housing on 5.9.2024: “Despite regional cost differences, Gallup’s survey found the majority of Americans across the Midwest (66%), East (68%), South (68%) and West (70%) all expect prices in their area to go up in the coming year. Rural (63%), city (69%) and suburban (70%) residents were similarly pessimistic.”

Then note this particular statement, also from News Nation (emphasis added by MHProNews): “Housing costs now rank second behind only inflation as the most important financial problem facing American families, according to Gallup. Adults under 50 were especially likely to say housing costs were their top concern.”

Manufactured housing is the obvious answer. But on top of external roadblocks, there appears to be internal roadblocks too.

10) Perhaps no one else in MHVille trade media – including MHI linked trade associations, bloggers, and publications – can authentically claim to come close to the level of documentation and reporting on such topics as MHProNews and MHLivingNews. While clearly problematic for tens of millions of Americans, each of these challenges could spell the potential for a boom in production, retail, dramatically increased occupancy  in land-lease manufactured home community (MHC) living and so on. As conventional housing becomes more unaffordable and unattainable, manufactured housing becomes the ever more preeminent option for affordable living.  Yet, vexingly, MHI – which rightly or wrongly claims that they represent the interests of “all segments” of the manufactured housing industry have somehow managed to avoid translating these favorable-to-manufactured housing producers and sellers’ facts and figures, and turned it into a 15-month downturn, followed by a modest instead of robust recovery? It is an almost inconceivable level of incompetence necessary to pull that off. MHProNews pressed MHI leaders over a year ago to address what was said to be overstocking issues coupled with higher interest rates in a fashion that similarly reflected the industry’s history in, for example, the 1980s. Interest rates on so-called adjustable-rate mortgages (or ARM loans) hit 21 percent. Yet production then, with often less visually impressive products, were more than double the results the industry is witnessing today. Why is it that so, at less than half that financing costs now than then?

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11) ‘Pardon me,’ but this is a stunning lack of performance by MHI leaders.

• It would be like a baseball team that can’t drive in home runs when half of their opponents walk off the field.
• Or it would be like a football team whose offense that can’t wrack up record points when the only defenders left are on the injured reserve.

Conventional housing is increasingly not affordable.

Yet, not only is MHI unable or unwilling to take the obvious steps necessary, they have also shockingly abandoned the terminology “affordable” housing for the mushy and less appealing phrase “attainable” housing, as MHARR’s President and CEO, Mark Weiss, J.D. recently noted in his May 2024 Issues and Perspectives.

It seems that MHI is doing all that it can to demonstrate what MHProNews/MHLivingNews have made the evidence-based case for years. Namely, that several (not all) MHI corporate leaders have been using moat tactics to drive smaller firms from the industry in part by using the method described by longtime Warren Buffett ally, William “Bill” Gates III. Note that Gates’ led Microsoft was infamously taken to court for antitrust violations.

 

 

 

12) It isn’t just MHProNews, MHLivingNews, or MHARR that has hammered away at apparent flaws in MHI and several of their corporate and senior staff leadership.  During earnings calls, at least two MHI linked producers have been quizzed about ‘softness’ and ‘weakness’ in manufactured housing industry performance.

 

 

 

13) Programming notice. An update has been requested and is planned for 5.10.2024 on the report linked here.  It involves significant claims that came in belatedly to MHProNews, which nevertheless merit exposure. Watch for it. In the meantime, see several AI boosted reports like those linked herein and below.

 

 

Part III – Our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.

The macro market moves graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that may be impacting manufactured housing connected investing.

 

Headlines from left-of-center CNN Business – 5.9.2024

• US regulators are looking at potential ‘bait and switch’ schemes with airline-affiliated credit card reward points
• A pro-Palestine rally is held at the steps of Lowe Library on the grounds of Columbia University on April 22, 2024 in New York City. In response to recent campus unrest and anxieties regarding Jewish student safety, Columbia University President Minouche Shafik announced a shift to online learning for Monday. She further urged faculty and staff to prioritize remote work.
• Inside the tense talks between Columbia protesters and administrators before NYPD moved in
• Bruce Garelick was found guilty of insider trading
• Investor found guilty in Trump Media insider trading case
• The four-day work week is here to stay at UK companies that tried it
• This ALS patient has a brain implant that translates his thoughts to computer commands
• A customer wipes sweat from their face as they work out on a treadmill inside a Planet Fitness Inc. gym as the location reopens after being closed due to the Covid-19 pandemic, on March 16, 2021 in Inglewood, California.
• Planet Fitness will raise its $10 membership plan for the first time in 26 years
• Investigation into child exploitation on Meta platforms leads to arrests of three men
• Scaffoldings are set up around single-family residential homes under construction in San Marcos, California, U.S., March 25, 2024. REUTERS/Mike Blake
• Americans say it’s the worst time ever to buy a home
• How Rupert Murdoch quietly helped Mike Johnson survive Marjorie Taylor Greene’s ouster attempt
• The Roblox website on a laptop computer arranged in New York, US, on Tuesday, Nov. 7, 2023. Roblox Corp. released earnings figures on November 8. Photographer: Gabby Jones/Bloomberg
• Roblox shares slide as metaverse giant reports player spending has slowed
• The Chevy Malibu, the brand’s last sedan, will end production
• Baidu PR chief who sparked PR nightmare over workplace culture is out, state media reports
• Weekly jobless claims rise to highest level since August
• Neuralink’s first brain chip implant developed a problem — but there was a workaround
• Air India Express cancels scores of flights after about 100 cabin crew call in sick
• Americans are shopping less but they’re still spending on flights, hotels and Disneyland
• Asia’s most powerful billionaires are getting drawn into the world’s biggest election
• Treasury launches ‘Project Fortress,’ an alliance with banks against hackers
• Big Chinese cities are making it easier to buy homes to boost depressed property market
• FTX customers are getting a rare good deal. Here’s why some are still angry
• Rat parts found in sliced white bread in Japan, sparking recall
• The Chair of the FDIC is facing calls to resign after a scathing report. The implications for banks could be significant
• A new Apple ad is sparking backlash from viewers who say it hits the wrong note

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below the graphic below or click the image and follow the prompts.

 

 

Headlines from right-of-center Newsmax – 5.9.2024

• Netanyahu Answers Biden: Israel ‘Will Stand Alone’ If Weapons Are Withheld
• “If we have to stand alone, we will stand alone,” he said. “If we need to, we will fight with our fingernails. But we have much more than fingernails.” [Full Story]
• Related Stories
• McConnell: Refusing Israeli Aid Will Prove ‘Grave’
• David Cameron: UK Won’t Halt Sale of Arms Over Rafah
• McFarland: Survival of Israel in ‘Danger’
• Israel’s UN Amb Slams Biden’s Pause of Arms
• Trump: Pro-Biden Jewish Americans ‘Should Be Ashamed’
• Trump: Biden Sides With Terrorists on Rafah Weapons
• Speaker Johnson: Biden’s Weapons Threat May Be ‘Senior Moment’
• Biden Warns Israel: US Won’t Supply Weapons to Attack Rafah
• Israel at War
• Trump: Pro-Biden Jewish Americans ‘Should Be Ashamed’
• Eurovision Draws Street Protests Calling for Israel’s Ejection
• UK’s Cameron: UK Won’t Halt Arms Sales Over Rafah
• McConnell Warns Biden: Refusing Israeli Aid Will Prove ‘Grave’
• Netanyahu: Israel ‘Will Stand Alone’ If Necessary
• Israeli Forces Mass on Rafah’s Outskirts
• Sanders: Depriving Israel Aid ‘Good Step Forward’
• ‘State of Palestine’ Could Be Recognized by UN
• IDF Minister: Hezbollah Pushed Back ‘Significant Distances’
• Israel’s UN Ambassador Erdan Slams Biden’s Pause of Arms
• Biden Warns Israel: US Won’t Supply Weapons to Attack Rafah
• Newsmax TV
• Dunn: D.C. Campus Protest Response ‘Too Little, Too Late’
• McFarland: Survival of Israel in ‘Danger’ | video
• Spartz: ‘Wouldn’t Change the Speaker’ | video
• Jordan: Trump Trial in N.Y. ‘a Joke’ | video
• Meuser: Spending Bill Not ‘Everything’ Dems Wanted | video
• Bean: Must Root Out Antisemitism in K-12 | video
• Whitaker: Stormy Daniels Testimony ‘Manifest Injustice’ | video
• Newsfront
• Appeals Court Won’t Dismiss Hunter Biden Gun Charges
• A federal appeals court Thursday rejected a motion to dismiss a federal gun indictment against Hunter Biden, freeing the way for his criminal trial in Delaware this summer…. [Full Story]
• Franklin Graham: Boy Scouts Program Lost Its Way
• The Rev. Franklin Graham, leader of the Billy Graham Evangelistic [Full Story]
• Related
• Boy Scouts Name Change Sparks Anti-Woke Firestorm
• Boy Scouts of America Changing Name for DEI
• Eurovision Draws Street Protests Calling for Israel’s Ejection
• Thousands of demonstrators, including climate activist Greta [Full Story]
• Biden Speech Gaffe Triggers New Criticism
• President Joe Biden ran into some sharp-edged ribbing after video [Full Story]
• Biden Doubles Down on Incorrect Inflation Claims
• President Joe Biden, still insisting that he is turning the economy [Full Story]
• Hungary’s Orban Embraces China’s Xi on State Visit
• Hungarian soldiers on horseback joined President Tamas Sulyok to give [Full Story]
• Related
• Hungary Will Stay Out of NATO’s ‘Crazy Mission’ to Aid Ukraine
• China Criticizes US for Ship’s Passage Through Taiwan Strait
• Russia May Expand Ukraine Attacks Before US Aid Flows
• Russia believes it has a window of opportunity to step up its air and [Full Story]
• Related
• Ukraine’s Zelenskyy Says Russia Has the Initiative in the East but New Western Aid Is on the Way
• Rob Schmitt Investigates: Secret Billionaires Out to Stop Trump
• In a Newsmax special presentation, “Rob Schmitt Tonight” turned the [Full Story]
• SPONSOR: If so, pray with us for God to give voters discernment.
• Trump Docs Case Delay Casts Doubt on Future Trials
• The federal judge overseeing Donald Trump’s classified documents case [Full Story] | video
• Report: Gun Stolen From Car Every 9 Minutes in US
• The rate of gun theft from cars has tripled in the United States [Full Story]
• Trump VP Pick May Hand Critical Governor a Senate Seat
• As presumptive GOP presidential nominee Donald Trump considers [Full Story]
• Related
• Nikki Haley Still Not Endorsing Trump
• Russian Attacks Knock Out 2 Ukrainian Hydropower Plants
• Trump: Biden’s Jewish Voters ‘Should Be Ashamed’
• Jewish Americans who support President Joe Biden should be “ashamed [Full Story]
• Related
• Trump: Biden Sides With Terrorists on Rafah Weapons |video
• British PM Tries to Avert Unrest Seen on US Campuses
• British Prime Minister Rishi Sunak on Thursday called for an end to [Full Story]
• Fulton County Reprimanded by Georgia Elections Board
• The Georgia State Election Board determined Tuesday that Fulton [Full Story]
• VP Harris Blasts ‘Activist’ SCOTUS Over Roe Overturn
• Vice President Kamala Harris is slamming the conservative-majority [Full Story]
• House Dems Call on Biden to Secure US Border
• House Democrats are calling on President Joe Biden to secure the [Full Story]
• Hillary: SCOTUS Doing ‘Grave Disservice’ on Immunity
• The Supreme Court is committing a grave disservice by delaying its [Full Story]
• BLM Org Sues Foundation Funding College Protests
• Black Lives Matter Global Network Foundation Inc. (BLMGNF) is suing [Full Story]
• FreedomWorks Ends: Trump Populism Sealed Our Fate
• FreedomWorks, a conservative group founded in 1984 that helped turn [Full Story]
• Tornadoes Kill 2 in Tennessee, 1 in North Carolina
• Severe storms tore through parts of the U.S. again Wednesday, [Full Story]
• Lawyer: Deputies Who Fatally Shot US Airman Had Wrong Apartment
• The family of a 23-year-old Black U.S. Air Force airman who was [Full Story]
• TikTok to Label AI-Generated Images, Video
• TikTok said Thursday it would start using a technology aimed at [Full Story]
• 2 Men Expelled as Teens Win $1M in ‘Blackface’ Case
• Two California teens booted from their elite Catholic school for [Full Story]
• Paris Olympic Torch Trek Through France Begins
• Tens of thousands of people welcomed the Olympic torch Wednesday in [Full Story]
• Iran Now Admits Its Nuke Ambition May Be for Weaponry
• Iran will change its nuclear doctrine if Israel threatens its [Full Story]
• How Ultraprocessed Foods Can Shorten Your Life
• People who eat large amounts of ultra-processed foods have a slightly [Full Story]
• Russia Blames West for Its Ramping Up Nuclear Threats
• Russia is warning its Western adversaries it feels obliged to boost [Full Story]
• UK Rejects WHO Vax Treaty Due to Giveaway Demand
• Britain is refusing to sign the World Health Organization’s (WHO) [Full Story]
• Disney, Warner to Bundle Disney+, Hulu and Max
• Walt Disney and Warner Bros Discovery will offer a bundle of the [Full Story]
• Barron Trump, 18, to Make Political Debut
• Former President Donald Trump’s youngest son, Barron Trump, has been [Full Story]
• First Faculty-Led Pro-Palestinian Encampment Erected
• In solidarity with their student activists, professors at The New [Full Story]
• More Newsfront
• Finance
• Apple’s ‘Disturbing’ iPad Ad of Destruction Strikes Nerve
• A newly released ad promoting Apple’s new iPad Pro has struck quite a nerve online.The ad, which was released by the tech giant Tuesday, shows a hydraulic press crushing just about every creative instrument artists and consumers have used over the years – from a piano and…… [Full Story]
• Trump Vows to Oil Execs He Will Target EVs, LNG Exports
• Colleges Prioritize Unrest Over Students, Education
• BP Looking to Buy Tesla’s US Supercharger Sites
• T-Mobile, Verizon in Talks to Buy Parts of US Cellular
• More Finance
• Health
• 9 in 10 US Adults at High Risk for Heart Disease
• Nine of 10 American adults are in the early, middle or late stages of a syndrome that leads to heart disease, a new report finds, and almost 10% have the disease already. “Poor cardiovascular, kidney, and metabolic health is widespread among the U.S. population,” concludes a…… [Full Story]
• Choose These Grains to Lower Cholesterol
• Dogs Entering US Must Be 6 Months Old, Microchipped
• 1 in 4 With Type 1 Diabetes Have an Eating Disorder
• Stomach-Zap Procedure Lowers Appetite for Weight Loss

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Notice: MHProNews invites the firms named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, until 5.9.2024, neither MHI nor most MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including but not limited to an outreach on Dec 7, 2o23 and Feb 25, 2024.

APO = Apolo Global Management – bought Inspire Communities

BAM = Brookfield Asset Management – owns and invests in manufactured home communities (MHCs).

BLK = BlackRock – conglomerate has investments in firms and operations involved in manufactured housing.

BRK-A = Berkshire Hathaway – includes outright ownership of Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance, other manufactured home industry linked firms (MHC brokerage, suppliers, etc.).

BX = Blackstone – Blackstone Group LP has made its first big bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc.

CDPYF = Canadian Apartment Properties Real Estate Investment Trust – also has manufactured home communities (MHCs).

CIGI = Colliers International Group Inc. – The Manufactured Housing and RV Group “We Assist Owners and Investors with Disposition, Acquisition, and Financing for Manufactured Housing Communities and RV Parks.”

CG = The Carlyle Group – has manufactured home communities investments.

CSGP = CoStar Group – is commercial real estate’s leading provider of information, analytics and online marketplaces. They acquired listing service Homes.com.

CVCO = Cavco Industries – manufactured home and other factory-built housing production, retail, finance, insurance.

ECNCF = ECN Capital Group – includes manufactured home lender Triad Financial Services.

ELS = Equity LifeStyle Properties – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations, and parent to Datacomp/MHVillage.

FGF = FG Financial Group – FG Communities “Owns and Operates Growing Portfolio of Manufactured Housing Communities.” KEY = KeyCorp – manufactured home community financing and manufactured home single-family mortgage financing.

KMMPF = Killam Apartment REITs- (includes manufactured home communities (MHCs).

LCII = LCI Industries – components for the manufactured home industry and others (RVs, housing, etc.).

LEGH = Legacy Housing – produces manufactured homes, tiny houses, retail, and captive finance operations.

LPX = Louisiana Pacific Corporation – components for the manufactured home industry and others (housing, etc.).

MHC-UN.TO = Flagship Communities Real Estate Investment Trust (REIT).

MHPC = Manufactured Housing Properties – land lease manufactured home communities (MHCs).

MMI = Marcus and Millichap – commercial real estate brokerage services that include land lease manufactured home communities (MHCs).

NOBH = Nobility Homes – produces and offers captive retail, financing, and insurance services for HUD Code manufactured homes and modular homes.

PATK = Patrick Industries – components for the manufactured home industry and others (RVs, housing, etc.).

SKY = Skyline Champion – produces and offers captive retail, financing, and insurance for HUD Code manufactured homes and modular homes.

SUI = Sun Communities – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations.

UMH = UMH Properties – includes land lease manufactured home communities and captive manufactured home retail, leasing, and financing operations.

UFPI = UFP Industries – components for the manufactured home industry and others (housing, etc.).

• • • NOTE 1: 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.
    • Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.

 

2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21^st 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.

 

 

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 above.

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Disclosure. MHProNews holds no positions in the stocks in this report.

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• Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
• Note 2: Manufactured housing, building, 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.
• Note 3:
  

  APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities,  KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.

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 linked herein. 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, honors and numerous public recognitions for his achievements 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. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but those sites get more much more total traffic). Statistics Data Infographics Research Facts Evidence and manufactured housing industry expert analysis make us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.