In an article on Moneywise and left-leaning MSN focused on remarks by real estate agent Freddie Smith in a recent TikTok video made this startling point. “’How do you retire if rent is $8,500?’” That is what “Orlando real estate agent Freddie Smith” says current inflationary economic trends means for this generation by the end of their careers. Per Smith: “My biggest concern with our country turning into a renters’ economy is: how will the millennial and Gen Zers retire comfortably if they don’t own a house and are going to have to rent forever?” Smith’s TikTok post along with his projections and some cross checking by MoneyWise are Part I of this report.  Part II, will provide additional information with more MHProNews analysis and commentary, including the obvious implications that this should have for manufactured housing. Part III will be our Daily Business News on MHProNews markets recap.

One bottom line? Properly understood, the only currently proven means for closing the affordable housing gap in the U.S. requires more HUD Code manufactured homes. Lots more.

Part I

@fmsmith319How will Millennials and Gen Z retire in renters economy? 🤔🏡♬ original sound – Freddie Smith

Here are several paragraphs from MoneyWise/MSN that purports to clean up some of Smith’s numbers. While he was off somewhat here and there, for the most part, their analysis broadly indicates that he has a valid point. Meaning, Gen Z, Gen Alpha, and Millennials are about to get screwed big time (to put it politely) if something doesn’t change.  Regarding generational labels, note that AL.com explains that: “Millennials – born 1980-1994. Generation Z – born 1995-2012. Gen Alpha – born 2013 – 2025.”

Retirees in 2024 are already worried about their Social Security checks shrinking over the next decade. But Smith wonders if the next generation will even be able to retire at all.

The numbers don’t add up.

Smith runs through the math of how he frets that the current high housing prices could jeopardize the next generations’ ability to retire.

Both Smith and the Federal Reserve find that the median price of a home in the U.S. is around $400,000 ($417,000, to be exact). But most young Americans can’t afford that these days.

At that price point, young Americans need to be prepared to put down $80,000 to hit the recommended 20% down payment. The Bureau of Labor Statistics reports that the median yearly earnings for 25- to 34-year-olds is $56,160 — which, with prices still elevated across the country, makes it increasingly hard to set aside the amount needed.

And so many young Americans turn to renting. Smith says renters nowadays are paying an average of $1,950 per month, but the nationwide median rent cost has since crept up to $1,987, according to Rent.com’s March report.

Here’s where Smith gets worried: He assumes that the home prices will continue to rise and young people will continue to rent well into their later years. But rent prices will also rise.

Smith shows the rent prices are 4.3 times higher in 2024 compared to 1994 ($1,950 per month in 2024, compared to the $450 per month in 1994), so he assumes that 30 years from now will see the same rent increase in 2054. That would mean that asking rents will likely have risen to around $8,500.

Smith knows that this number seems ridiculously high. But rents are already well over $4,000 in New York, according to Rent.com, so seeing it double in 30 years wouldn’t be out of the question.

And this is where the trouble lies. By 2054, the current crop of young people will be in their 50s and 60s. They’ll need a retirement plan.

“How do you retire if your rent’s going to be $8,500?” Smith asks. …##

Part II – Additional Information with More MHProNews Analysis and Commentary

Before pivoting to what Smith said, let’s consider what a university student recently wrote.

1) A BYU college student named Ian Lake said the following in an op-ed to Deseret News earlier this year (2024). “This NIMBYism is limiting the state from providing the housing many current and future residents desperately need. While it may be tempting to think that high-density housing should stay only in Salt Lake City or downtown Provo, current research suggests that restricting high-density to only highly urban areas would make housing even more unaffordable.” While he cited data for popular left-coast destination state Utah, similar data applies to other states too.

Lake cited: “Gov. Spencer Cox calls the affordable housing crisis the “single greatest threat to our future prosperity…””

Lake also said:

• “The shortage of housing continues to prop up the prices, leading to an even more pessimistic housing market with an ever-growing demand.”
• “According to the report, “Only 15% of Utah’s renter households have enough income to purchase a modestly priced $300,000 to $400,000 home” (which, let’s be honest, is the low end of the housing cost distribution). Combine all this with a high 7+% mortgage interest rate and home ownership looks hopelessly out of reach. If this continues, which every metric indicates it most likely will, this will surely have catastrophic consequences for the future generation of homeowners in Utah.”
• “Wendell Pierce once said that “the heart and soul of the American dream (is) homeownership, the idea of being able to buy a house and start to build your family.” Sadly, homeownership is looking more and more like a pipe dream for many young Utahns.”
• “This crisis is no secret. The University of Utah recently released a report for the 2022-2024 years that detailed the current housing situation. Between 2020 and 2022, there was a price increase of 49% in the average median home price here in Utah.”

2) Certainly, some facts were missing in Lake’s and Smith’s remarks. For example. Neither mentioned manufactured housing, at least not directly.

Often, such reports use the notion of a 20 percent down payment, which while that may be necessary for certain kinds of conventional financing which overlook (for whatever reasons) the availability of FHA, VA, or Rural Development (a.k.a. USDA) financing options. Even Fannie Mae and Freddie Mac offer loans with lower down payments than 20 percent, as do many state housing finance programs, not to mention manufactured home chattel loans.

Numbers of those state financing programs, FHA, VA, RD and other loans can be used to buy a modern HUD Code manufactured home in land-home-improvements combo deals.

3) Those items noted, Smith’s points are broadly accurate, as MoneyWise’s take suggested. Given that he is a real estate agent, Smith presumably is trying in part to motivate younger adults to buy now and pay off a home over the course of the next 30 years. There is no apparent political angle to Smith’s pitch, which while understandable, also misses the point that “elections have consequences.” This same pitch by Smith would not have been necessary four short years ago.

4) Let’s update some information from the math found in the Masthead article linked here.

While rates vary per lender, according to Bankrate a top-shown available loan on 4.23.2024 for an FHA 30-year mortgage with 1.75 points has a 30-year fixed rate of 7.175% APR.

• Per Rocket Mortgage with a minimum of a 580-credit score, the down payment on an FHA loan is 3.5 percent.
• Per the St. Louis Fed, the national average for a new multi-section (a.k.a. “double wide”) in November 2023 was $154,100. 
• Presuming a $100,000 improved home site, plus that new ‘national average’ multi-section manufactured home of $154,100 would be a total of $254,100. Let’s note that just as the 154K is too low for California, the same would be true for that 100K improved home site. That said, this is about national averages, and these numbers should be fine-tuned for a specific state or area. 
• With 3.5 percent down and using the Bankrate tool for calculations and loan offers yields a down payment of $8,894.
• Using a 700-credit score, and noting that points vary, the monthly payment for that loan on 4.23.2024 range from $1,568 to $1,855.
• Rent Cafe said: “The average apartment rent in the U.S. is $1713” for an average size of 899 sq. ft.
• So, about a 50 percent larger new manufactured home residence could be owned for about the payment of smaller, existing, and often older two-bedroom apartment.
• World Population Review said on 4.23. 2024 that U.S. rentals of “single-family houses averaging $2,018 a month.”
• The bottom line is that even when taxes and insurance are considered, a new manufactured home is still affordable for tens of millions of Americans who are renters. By contrast, new conventional housing is not affordable for people on an average income, even with a twenty percent down payment. See more at this link here, which based on proven building technologies makes the case that manufactured homes are absolutely necessary to solve the affordable housing crisis.

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5) MHProNews and MHLivingNews have periodically made the point for years that residents of manufactured homes could be key voters in swing states. That remains true.

But even more true is the point that as a block, renters also have the ability to swing the 2024 elections. Democrats realize that and have put forth a plan. The Manufactured Housing Institute (MHI) has oddly applauded that plan, even though it makes a flawed argument for our industry and is arguably as or poorer still a concept being pitched for renters.

6) Manufactured housing has an opportunity to be a shining star for investors, for the employees of firms of all sizes, and for Americans of all ages. But manufactured housing could be particularly useful for younger adults and future youth in Gen Alpha who are facing a crisis that they have often been manipulated into supporting. But to tap that potential, the Manufactured Housing Improvement Act (a.k.a.: MHIA, 2000 Reform Act, 2000 Reform Law) and its “enhanced preemption” provision needs to be put to work.

7) The housing crisis is real. It is considered by many to be near the top of the issues for millions of voters. That is because the lack of housing affordability has been a problem for tens of millions of Americans. Numbers, not all, manufactured housing industry leaders need to be held to account. So too must public officials, starting with the U.S. Department of Housing and Urban Development (HUD) leadership. While Fudge is now gone, what Fudge has revealed is apparently the authentic position of Biden-Harris regime.  According to the response from an MHProNews search “Did then Senator Joe Biden vote for the Manufactured Housing Improvement Act of 2000?” Bing’s AI powered Copilot, “Yes, then-Senator Joe Biden voted for the Manufactured Housing Improvement Act of 2000.” That being the case, one must wonder why Biden hasn’t done more for manufactured housing beyond mere lip service. Because despite all the happy talk, manufactured home production crashed for 15 months during the Biden-Harris era. At the current rate of recovery, it will be well below what it was at the end of the Trump years.

8) As MHProNews/MHLivingNews reports with analysis have stressed for some time, the affordable housing crisis can’t be solved without literally millions of more new HUD Code manufactured homes being built. The good news is that by applying the enhanced preemption provision of the existing law robustly, that can be accomplished. According to former National Association of Home Builders (NAHB) CEO Jerry Howard, it can’t – thus won’t – be accomplished by conventional builders.

Prominent Manufactured Housing Institute (MHI) member Cavco Industries (CVCO) was prudent to make that screen shot showing the quote from Jerry Howard, then with the National Association of Home Builders (NAHB). Howard since joined the National Rental Home Council (NRHC) as Executive Chairman and was previously with National Association of Realtor (NAR) as a legislative analyst. The quote by Cavco is from an interview of Howard on Fox Business. That article had these two notable pull quotes.

• “Right now, in almost no market in this country, can a homebuilder build a house that is affordable for a first-time homebuyer,” National Association of Home Builders CEO Jerry Howard said on “Varney & Co.” Thursday. “We can’t do it. The costs that are on us make it impossible.”
• “The income needed to buy a home is well above what the median income is in this country,” Redfin chief economist Daryl Fairweather told FOX Business’ Gerri Willis. “And that means that you have to be part of the upper class to be able to afford a home now, when previously, homeownership was seen as a way to enter into the upper class. Now you have to already be there to be able to afford that starter home.”

Put simply, real estate agent Smith, as show in the preface, Part I and earlier in Part II is onto something particularly significant for younger adults. If the supply-demand and inflation dynamics don’t change, millions will be priced out of not only owning, but could be priced out of renting too. This ought to be a red-flag issue. It is one that MHProNews and our MHLivingNews sister site have spotlighted through reports like those linked above and below.

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9) Cavco (among other MHI members) is arguably failing their investors. Paltering and posturing are arguably NOT legally acceptable for methods of communication for a publicly-traded firm to convey information to their investors.

Note that MHProNews has received a tip involving Cavco and another industry producer which is being investigated.

10) MHProNews has periodically mentioned that not all MHI members are apparently ‘into’ the notion of limiting production or otherwise manipulating the marketplace. Industry producer Legacy Housing (LEGH) could fall into that category.  So too may community operator UMH Properties, among others.

11) Younger adults are potentially waking up to their troubling reality, per surveys.

12) As another programming note (teaser), recent remarks by a conservative U.S. Senator are on the MHProNews radar for examination on the housing front and how it could play for manufactured housing. But what is clear is that accountability is needed. Both major parties are obviously falling short on the affordable housing issue, along with others like securing the border or inflation that is outpacing earnings power.

Homelessness is demonstrably rising, instead of falling. California‘s scandal is only the latest.

There are plenty of research reports that make it clear that more manufactured housing is needed. Payden and Rygel’s is just one of many.

Media is reporting on the housing crisis. But there is arguably too little emphasis on the obvious need for more inherently affordable HUD Code manufactured housing.

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 – 4.23.2024

• Federal labor board has been much more pro-worker under Biden. Employers want courts to end that
• A sign for Google Cloud offices is seen in Sunnyvale, California, U.S. on April 16, 2024.
• Google has fired 50 employees after protests over Israel cloud deal, organizers say
• Single family homes in a residential neighborhood in San Marcos, Texas, US, on Tuesday, March 12, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on March 21. Photographer: Jordan Vonderhaar/Bloomberg via Getty Images
• US new home sales surged in March despite elevated mortgage rates
• Volkswagen Workers At Chattanooga Hold Unionization Vote. United Auto Workers (UAW) President Shawn Fain, right, speaks as local organizers raise their fists at a UAW vote watch party on April 19, 2024 in Chattanooga, Tennessee. With over 51% of workers voting yes the UAW won the right to form a union at the plant.
• The anti-union South is starting to crack
• Court sketch of David Pecker, the former chairman of the National Enquirer’s parent company, American Media Inc. Pecker testified in Day 5 of former President Donald Trump’s criminal hush money trial taking place in criminal court.
• Former National Enquirer boss breaks his silence on ‘catch and kill’ as lead witness in Trump trial
• A bubble tea store operated by Sichuan Baicha Baidao in Shanghai, China, on April 23, 2024.
• Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO
• Workers assemble vehicle doors at the General Motors assembly plant in Fort Wayne, Indiana, US, on Tuesday, April 9, 2024. General Motors Co. is scheduled to release earnings figures on April 23.
• GM earnings top forecasts despite headwinds
• People walk past the New York Stock Exchange (NYSE) on April 10, 2024 in New York City.
• Can markets make a comeback? That depends on tech earnings
• This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China’s Jiangsu province.
• The electric car revolution is on track, says IEA
• Huawei sales are soaring in China as Apple sinks
• After Tesla’s falling sales, layoffs and other problems, this is a crucial earnings report
• Baltimore files legal claim against owner and operator of cargo ship that rammed bridge
• Columbia University main campus classes will be hybrid until semester ends; NYU students, faculty arrested during protests
• US sues to block Tapestry’s Capri deal citing handbag market domination
• Taylor Swift’s ‘Tortured Poets Department’ shatters streaming records across Spotify, Amazon, Apple
• Tesla cuts prices in US, China and Germany as competition heats up
• Former JetBlue CEO Robin Hayes to lead Airbus in North America
• TikTok could face EU fines and a suspension over sister app TikTok Lite
• Caitlin Clark will reportedly sign a sneaker deal with Nike
• TikTok vows legal challenge to potential US app ban
• The ‘halving’ — bitcoin bros’ World Cup — is here
• Express files for bankruptcy; closing more than 100 stores
• Donald Trump is on the verge of another $1 billion Truth Social windfall

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

 

Headlines from right-of-center Newsmax – 4.23.2024

• Education Chief ‘Concerned’ About Columbia Protests
• “Antisemitic hate on college campuses is unacceptable. I am deeply concerned by what is happening at Columbia University,” Secretary Miguel Cardona wrote in a statement on social media. “In November 2023, our Office for Civil Rights opened an investigation of Columbia involving Title VI.” [Full Story]
• Related Stories
• Explainer: What’s Behind the Pro-Palestinian Protests at US Universities?
• Trump Blames College Campus Turmoil on Biden
• Israel at War
• Israel Steps Up Strikes Across Gaza, Orders New Evacuations in North
• IAEA Chief: Iran ‘Weeks’ From Uranium for Bomb
• Google Fires More Workers for Protesting Its Israel Deal
• US Targets 2 Companies, 4 Individuals Linked to Iran
• Tent Compound Rises in S. Gaza as Israel Preps for Rafah Op
• ‘Neutrality’ Issues Found at UNRWA but No Terrorism Proof
• IDF Intel Chief Resigns Over Oct. 7 Failure
• EU Foreign Ministers Agree to Expand Iran Sanctions
• US Eyes Sanctions on More Israeli Military Units
• Israeli Leaders Criticize Expected US Sanctions on Military Unit
• Newsmax TV
• Huckabee: Trump Trial ‘Stinks to High Heaven’
• Greg Murphy: AOC Needs to Remove ‘Blinders’
• Whitaker: Bragg Attorney Coordinating With WH | video
• Columbia Students: Protests Worse After Shafik Testimony | video
• Rabbi Menken: Schools Choose ‘Barbarians’ Over Jews | video
• Rabbi Burg: Teaching Students ‘All the Wrong Things’ | video
• Zelenskyy Adviser: Help Shows US ‘Leader of the Free World’ | video
• Newsfront
• US Agrees to $138.7M Settlement in FBI’s Botching of Nassar Assault Case
• The U.S. Justice Department announced a $138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue…… [Full Story]
• Education Chief ‘Concerned’ About Columbia Protests
• Secretary of Education Miguel Cardona on Tuesday released a statement [Full Story]
• British PM Sunak Puts Nation on ‘War Footing’
• Prime Minister Rishi Sunak said on Tuesday he would put the British [Full Story]
• MRC’s Bozell Seeks to Block Soros Radio Buy-Up
• Media Research Center (MRC) President Brent Bozell filed a formal [Full Story]
• Florida Abortion Amendment Could Define Issue Nationwide
• As state amendments continue to go the way of the pro-abortion [Full Story]
• Billionaire Robert Kraft Ends Support for Columbia
• New England Patriots owner Robert Kraft said he no will longer donate [Full Story]
• Related
• Hawley: Biden Needs National Guard at Columbia |video
• Pro-Palestinian Protests Sweep US College Campuses Following Mass Arrests at Columbia
• Biden Administration ‘Failing’ to Protect Jewish Students |Platinum Article
• Y. House Members Demand Columbia President Resign
• Columbia Newspaper Touts Growing World Support for Protests
• Columbia Classes Go Virtual Before Passover Amid Protests
• Protesters Set Up Anti-Israel ‘Liberty Zone’ at New School
• US Preparing $1B Weapons Package for Ukraine
• The United States is preparing a $1 billion military aid package for [Full Story]
• Related
• Senate Stages Crucial Vote on Ukraine Aid, Biden Promises to Sign
• British PM Sunak Puts Nation on ‘War Footing’
• Denmark Repeats Pledge to Send F-16 Jets to Ukraine
• UK’s Sunak, Ukraine’s Zelenskyy Discuss Air Defenses
• Ukraine’s Farm Minister Named as Suspect in Corruption Case
• The UK Pledges $620 Million in New Military Aid for Ukraine
• Zelenskyy: Russian Strike on Kharkiv’s TV Tower Is Part of an Intimidation Campaign
• Ukraine Pushes Military-Aged Men to Return Home
• Texas Supreme Court Blocks Guaranteed Income Program
• The Texas Supreme Court has blocked Harris County’s program to [Full Story]
• Judge Tells Trump Lawyer in N.Y. Criminal Trial He Is ‘Losing All Credibility’
• The judge overseeing Donald Trump’s New York criminal trial told [Full Story]
• Trump: I Want Mike Johnson, Don’t Vacate
• Former President Donald Trump offered words of praise for House [Full Story]
• Google Fires More Workers for Protesting Its Israel Deal
• Google fired at least 20 more workers in the aftermath of protests [Full Story]
• Biden Administration ‘Failing’ to Protect Jewish Students
• As anti-Israel encampments take over several college campuses where [Full Story] | Platinum Article
• Anti-Israel Protesters March on NYPD After Arrests
• With flares raised high, anti-Israel protesters marched on New York [Full Story]
• JPMorgan CEO Calls US Economic Boom ‘Unbelievable’
• JPMorgan Chase CEO Jamie Dimon expressed confidence Tuesday in a [Full Story]
• The Best Men’s Shoes for Walking and Standing All Day!
• ClearPath Strategies Poll: Black Voters Oppose TikTok Ban
• A majority of Black voters oppose legislation banning TikTok, [Full Story]
• Trump Shares Post Questioning Special Counsel
• Former President Donald Trump shared an article on Truth Social that [Full Story]
• Moscow Court Rejects Evan Gershkovich’s Appeal
• Wall Street Journal reporter Evan Gershkovich will remain jailed on [Full Story]
• Trump Blames College Campus Turmoil on Biden
• Former President Donald Trump blamed the rising chaos at college [Full Story]
• X Bans Post About Illegal Immigrant Voting
• An immigration watchdog is crying foul after the Elon Musk-owned X, [Full Story] | video
• Columbia Classes Hybrid Until Semester Ends
• Classes at Columbia University’s main campus will be hybrid amid [Full Story]
• Bishop Apologizes for Calling Biden ‘Stupid’
• Bishop Robert Gruss, of Saginaw, Michigan, has apologized for remarks [Full Story]
• Hospitalized Patients Fare Better With Female Doctor
• The gender of your doctor may play a part in your prognosis: New [Full Story]
• Gizzi: Remembering Conservative Publisher Tom Phillips
• Last week, Thomas L. Phillips, an influential conservative publisher, [Full Story]
• Legal Battles Loom on Transgender Bathroom Policies
• A new rule from President Joe Biden’s administration blocking blanket [Full Story]
• Supreme Court Hears Pro-Union Starbucks Workers Case
• The U.S. Supreme Court steps into the contentious unionization drive [Full Story]
• Lawler Urges Action Against Antisemitic Protesters
• New York Republican lawmaker Rep. Mike Lawler emphasized the [Full Story]
• Seattle Hospital Won’t Turn Over Gender Care Records in Lawsuit Settlement With Texas
• Texas Attorney General Ken Paxton is dropping a request for a Seattle [Full Story]
• Education Czar to Schools: Ignore Biden Trans Rules
• The Louisiana state superintendent of education sent a letter to [Full Story]
• Report: Nonprofit Misuses Taxes for Migrant Plane Tickets
• The Catholic Charities of San Antonio allegedly misused tax dollars [Full Story] | video
• Michael Douglas: Biden ‘Sharp as a Tack’
• Oscar-winning actor Michael Douglas asserted that President Joe Biden [Full Story] | video
• Hawley: Biden Needs National Guard at Columbia
• Missouri Republican Sen. Josh Hawley called on President Joe Biden to [Full Story] | video
• More Newsfront
• Finance
• JPMorgan CEO Calls US Economic Boom ‘Unbelievable’
• JPMorgan Chase CEO Jamie Dimon expressed confidence Tuesday in a robust U.S. economy backed by strong employment and healthy consumer finances…. [Full Story]
• US Bans Worker ‘Noncompete’ Agreements
• Tesla to Lay Off 2,700 Employees in Texas Factory
• Apple Will Hold ‘Let Loose’ Event on May 7
• 3 Business Development Companies Yielding Over 6%
• More Finance
• Health
• 10 Best Foods for Your Brain
• You may have heard that you should eat fish because it’s a “brain food.” That’s true. But it is just one of the best food options for boosting your brain power. Optimal brain health requires fatty acids found in abundance in fish, along with a constant supply of other…… [Full Story]
• FDA Warns Against Using ‘Anti-Choking’ Devices
• Neosporin Swabbed in the Nose Stops Viral Infections
• New Bladder Cancer Therapy Approved by FDA
• Online Heat Risk System Warns of Unhealthy Weather

 

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

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, neither MHI nor 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.

· For expert manufactured housing business development or other manufactured housing professional services, click here.
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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.