Bananas have been called “America’s favorite fruit” and they routinely arrive in the U.S. by boat. So does an array of other products perishable and durable products, including numbers of components for HUD Code manufactured homes that the Texas Real Estate Reasearch Center (TRERC) previously reported arrive at Gulf of Mexico ports for Texas and other producers of manufactured housing. MHProNews has obtained and provides herein the coalition letter by some 177 trade groups that called on the Biden-Harris Administration to intervene in the stalled trade negotiations between employees or “dock workers” who are members of the International Longshoreman’s Association (ILA) and the United States Maritime Alliance (USMX), shown below in Part I. The Manufactured Housing Institute (MHI) is not on this list of 177 organizations that asked “ceremonial president” Joe Biden (D) to intervene under authority of the Taft-Hartley Act. Why not? While the length of the strike is obviously unclear at this time, whatever the outcome of the strike, this most recent failure by MHI to properly warn or lead should have independent producers, retailers, communities, transporters, installers and service people asking: ‘why can’t MHI even do the common-sense basics correctly?’ Who besides consolidators benefits from this latest apparent flub by MHI and their insiders’ corporate leadership?
A series of tweets (X-posts) will tee up the topic that the manufactured housing connection will be explored in Part III. A letter from the powerful 13-million-member AFL-CIO on the topic is presented in Part II.
BREAKING – Over 45k union dockworkers with ILA are officially on strike, shutting down all East and Gulf coast ports, from New York to Miami to Houston. They’re standing to protect their future against the shipping companies forcing automation on the docks. pic.twitter.com/BnRqZzkHqT
— On the Line (@laborontheline) October 1, 2024
DOCK WORKERS STRIKE UPDATE:
International Longshoreman’s Association (ILA), which represents 50,000 East and Gulf Coast dockworkers.On the other side you have the U.S. Maritime Alliance, or USMX, an organization bargaining on behalf of the port owners, container owners and… pic.twitter.com/DzxBr0klS2
— Santa Surfing (@SantaSurfing) October 1, 2024
🚨#BREAKING: Over 45,000 U.S. port workers have officially gone on strike from Maine to Texas for the first time since 1977
Currently, nearly 50,000 members of the International Longshoremen’s Association (ILA) are on strike for the first time since 1977,… pic.twitter.com/5yaLfQ7I5l
— R A W S A L E R T S (@rawsalerts) October 1, 2024
It’s official: 45,000 port workers are now on strike, from Maine to Texas.
“We will cripple you” – Head of ILA pic.twitter.com/ivetfkDCud
— End Wokeness (@EndWokeness) October 1, 2024
My husband is one of many #ILA #Union members on #strike fighting for fair wages and against automation that will take jobs away. Many of them work 14 hour days and sometimes stuck on boats for days with little to no sleep. pic.twitter.com/FPmkIsDVIX
— Tammy Rose (@ABC13Helicopter) October 1, 2024
BREAKING 🚨 In a written statement, The Teamsters told Joe Biden to “stay the f**k out of this fight” in their statement of solidarity with the ILA union ahead of the port strike. pic.twitter.com/m4pk5xeWDw
— Gabriela Iglesias🇺🇲 (@iglesias_gabby) October 1, 2024
Some are saying that the ILA strike is somehow deposed President Donald J. Trump’s fault. But the ILA previously endorsed Biden-Harris.
Coincidental loyalty? Coincidence the ILA is facing a strike NOW?! I think not pic.twitter.com/DYc7XP837e
— OMDClementine (@ClementineOMD) September 30, 2024
There is speculation that in the absence of leadership from Kamala Harris (D) or Joe Biden (D) on this issue, that Trump may attempt to broker a deal. That remains to be seen.
International Longshoremen’s Association (ILA) President Harold J. Daggett and Donald J. Trump‼️
Will Trump be able to end the strike❓️ pic.twitter.com/6rm3JkS0xq— Coyote of Wallstreet (@YoteOfStreet) October 1, 2024
The ILA strike has begun!
For those of you who say they are greedy you don’t get what the cause is all about.
In a mater of years the port owners want to go fully automated putting thousands of workers out of a job forever.
Union workers who want to keep voting for… pic.twitter.com/lUh2oRchua
— SixPack™️ (@starkrob21) October 1, 2024
U.S. dockworkers are about to strike at East and Gulf coasts ports. Their union is the International Longshoreman’s Association.
They ILA says, international shippers are price gouging U.S. consumers, charging $30,000 per container, up from $6,000 a few weeks ago.
Notably, the… pic.twitter.com/6KMqgATJCP
— Patti Mohr (@MohrMedia1) September 30, 2024
Dock workers gather in NJ and officially begin striking 🚨
0:46 “The ILA has been adamant they really wanted this strike….”
0:56 “The seven shipping companies that are on the maritime alliance board are all foreign owned, including one from the Chinese government”… pic.twitter.com/HI1tZf8jYH
— Z Report 🚨 (@TheZReport_) October 1, 2024
Here is Harold Daggett the president of ILA Longshoremen’s Unions
He attended Les Grossman’s Skills Seminar
He’s ready to slip the crippler to the USA
The US Dockworkers Strike is on and the shipping ports are closedHappy Spooky Month
ITS OCTOBER SURPRISE!#portstrike… pic.twitter.com/9yPIwJbwaI— Wally Peters (@WallyPetersIV) October 1, 2024
Oh no!!!
DOCKWORKERS IN PHILLY STRIKING 10/1/24!!
This is an actual email sent to Philly Dockworkers and Longshoremen Union Local 1291. Philly has a huge port and this will greatly affect the supply chain!!From ILA Local 1291’s
Strike Captainsemail:*********@gmail.com… pic.twitter.com/qsFCPaoBgH
— MAGA Jersey Girl (@Lainie19148) September 29, 2024
“I will cripple you, and you have no idea what that means. Nobody does.”
That was the last words I heard this man say when speaking about the imminent strike. This is ILA president Harold Daggett speaking about the #portstrike now that it has started. #FoxNews #HaroldDaggett… pic.twitter.com/HA3hgFKZ1r
— misorize (@misorize) October 1, 2024
Visualising data on the US dockworkers’ strike: This 24h timelapse from @MarineTraffic shows tankers and cargo vessels lining up at New York port, highlighting trade disruptions.
Need data/insights? Contact press@marinetraffic.com
#ILA #PortStrike pic.twitter.com/YsFuuhkXAB
— Nikos Pothitakis (@nikospoth) October 1, 2024
Some have speculated that Biden, who is not a fan of fellow Democrat Kamala Harris, has periodically shivved his VP and her campaign and that this is his latest shiv. Be that as it may, the timing of this on the eve of the vice-presidential debate between Governor Tim Walz (MN-D) and Senator J.D. Vance (OH-R), if not swiftly resolved, could well cause problems for Democrats. Of course, some Democrats and pro-Democratic leaning media may attempt or already are blaming Trump, who has not been in the White House for over 3½ years.
President Joe Biden: I don’t believe in Taft-Hartley pic.twitter.com/t80TeDvW12
— Jeff Stein (@JStein_WaPo) October 1, 2024
Right-leaning Breitbart cited the left-leaning New York Times like this.
Update 12:13 am ET: The NY Times reports, “Both sides have moved off their previous positions,” the Maritime Alliance said in a news release. “We are hopeful that this could allow us to fully resume collective bargaining.”
Breitbart also said the following.
A report from the Conference Board found that if the workers do go on strike, it could “cause serious economic fallout.”
“Just a one-week strike could cost the US economy $3.78 billion (i.e., $540 million per day),” the Conference Board wrote in the report.
The report also noted that if the port workers go on strike, it would “come at a critical time” ahead of the November presidential election and “as retailers scramble to finish importing inventory to ensure customers are well supplied ahead of the busy holiday shopping season.”
While President Joe Biden indicated that he would not intervene in the strike, under the Taft-Hartley Act, Biden would be allowed to get involved and “request an 80-day court-ordered cooling-off period,” according to the Hill.
From left-leaning CNN this morning (10.1.2024) is this.
The strike, which began at midnight, will stop the flow of a wide variety of goods over the docks of almost all cargo ports from Maine to Texas. This includes bananas, European beer, wine and liquor, along with furniture, clothing, household goods and European autos, as well as parts needed to keep US factories operating and American workers in those plants on the job, among many other goods. It could also stop US exports now flowing through those ports, hurting sales for American companies.
CNN also said this.
“USMX brought on this strike when they decided to hold firm to foreign owned ocean carriers earning billion-dollar profits at United States ports, but not compensate the American ILA longshore workers who perform the labor that brings them their wealth,” said ILA President Harold Daggett, in a statement released an hour after the strike started. “We are prepared to fight as long as necessary, to stay out on strike for whatever period of time it takes, to get the wages and protections against automation our ILA members deserve.”
The USMX did not respond to requests for comment on the start of the strike.
…
Possible shortages
Depending on the length of the strike, it could result in shortages of consumer and industrial goods, which could then lead to price hikes. It could also mark a setback to the economy, which has shown signs of recovery from pandemic-induced supply chain disruptions that resulted in a spike in inflation.
…
Port Wilmington in Delaware describes itself as the nation’s leading banana port, bringing in a large share of America’s favorite fruit. According to the American Farm Bureau, 1.2 million metric tons of bananas come in through the struck ports, representing about one quarter of the nation’s bananas.
And many non-perishable goods, such as furniture and appliances, are imported through the affected ports, too.
“Harris-Biden” Commerce Secretary Gina Raimondo (D) to left-leaning CNBC said that “I have not been focused” on that pending strike. Transportation Secretary Pete Buttigieg (D) has reportedly been involved in getting Gov. Tim Walz (MN-D) ready for his debate with Senator J.D. Vance (OH-R).
There are any number of cheap shots that could be taken, perhaps justly so, against members of the Biden-Harris administration on this issue, including Harris and Biden themselves. But for the sake of time and focus, let’s pivot toward formal documents related to this issue and how it will impact Americans, including manufactured housing.
It is the construction components and appliances that could impact the producers of HUD Code manufactured homes. It is interesting to note that neither the National Association of Home Builders (NAHB) nor the Manufactured Housing Institute (MHI) signed onto the letter addressed to “ceremonial president” Joe Biden (D). That letter, which ends with the name of the 177 trade associations, including those involved in the retail and automotive industries, is posted below.
Part I – Coalition Letter and USMX response to it, which illustrates that the Manufactured Housing Institute (MHI) is absent from this Document
USMX RESPONSE TO JOINT ASSOCIATION COALITION LETTER
LYNDHURST, NJ (SEPTEMBER 17, 2024) – FOR IMMEDIATE RELEASE
“USMX is in strong agreement with the 177 trade associations who are calling for the immediate resumption of negotiations with the ILA to work out a new Master Contract agreement that recognizes their vital contributions, while avoiding an unnecessary and disruptive strike that would be harmful to all parties. We have tremendous respect for the ILA and its members, but it is disappointing that we have reached this point where the ILA is unwilling to reopen dialogue unless all of its demands are met.
The only way to resolve this impasse is to resume negotiations, which we are willing to do at any time.
We understand and appreciate the concern from these trade associations, who realize what is at stake if negotiations are unable to progress, and we call on the ILA to return to bargaining so we can reach a new deal before the expiration of our current agreement, something we continue to believe is possible if the other side is willing to meet.”
###
Attachment: Joint Association Coalition Letter 9-17-24
September 17, 2024
The Honorable Joseph R. Biden
President
The White House
1600 Pennsylvania Ave NW
Washington, DC 20500
Dear President Biden,
On behalf of the undersigned organizations representing manufacturers, farmers and agribusinesses, wholesalers, retailers, restaurants, manufacturers, importers, exporters, distributors, transportation and logistics providers, and other supply chain stakeholders, we are writing to you again expressing significant concern about the state of negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) to help them return to the bargaining table to restart stalled negotiations. This labor contract, which covers all maritime container ports along the East and Gulf coasts, is set to expire on September 30, 2024. The ILA has repeatedly threatened a coastwide strike if a new agreement is not reached by October 1. As a follow-up to our June 25 letter, we call upon the administration to immediately work with both parties to resume contract negotiations and ensure there is no disruption to port operations and cargo fluidity if a new contract is not reached by the expiration date.
We applaud the ongoing focus of this administration on supply chain resiliency. This administration, more than any other, understands the need to keep our ports open and commerce flowing. We all experienced the significant supply chain congestion that was caused by COVID19 and the impacts that had on businesses, workers, consumers and the economy. While we may have addressed some of those issues, the supply chain continues to face other challenges. Most notably the ongoing impact of the Houthi attacks on commercial vessels impacting use of the Red Sea and Suez Canal.
This administration has certainly stepped in when other supply chain related labor discussions had the potential to impact the national economy. This includes efforts to help the ILWU and PMA resolve their West Coast port labor negotiations, efforts to help the Class I railroads come to agreement with their unions and efforts to resolve contract negotiations between UPS and the Teamsters. While there was an ongoing threat of disruptions during these negotiations, the administration helped to ensure the parties remained at the negotiating table to achieve a final contract. All without a major disruption to the supply chain.
With two weeks left until the ILA-USMX contract expires and the ongoing threat of a coastwide strike beginning on October 1, it is imperative that the administration engage with the parties to quickly negotiate a new deal or agree to continue negotiations while keeping the ports open and cargo flowing. A strike at this point in time would have a devastating impact on the economy, especially as inflation is on the downward trend.
As we have now seen in the press, there are a number of key issues that the parties need to negotiate for a new contract. However, as we have stated previously, the only way to resolve these issues is for the parties to come back to the bargaining table and actually negotiate the new contract. The administration needs to provide any and all support to the parties in their negotiations. In addition, the administration needs to be ready to step in if a strike or other action occurs that leads to a coastwide shutdown or disruption.
At this critical juncture, it is imperative that the parties return to the table without engaging in disruptive activities that could harm the economy and the millions of businesses, workers and consumers who rely on the seamless flow of goods, both imports and exports, through our East Coast and Gulf Coast ports.
Thank you for your consideration on this important issue.
Sincerely,
Accessories Council
Agribusiness Council of Indiana
Agriculture Transportation Coalition – AgTC
Airforwarders Association
Alliance for Automotive Innovation
Alliance for Chemical Distribution
Amcot
American Apparel & Footwear Association
American Automotive Policy Council
American Chemistry Council
American Cotton Shippers Association
American Down and Feather Council
American Feed Industry Association
American Forest & Paper Association
American Home Furnishings Alliance
American Lighting Association
American Pyrotechnics Association
American Soybean Association
American Spice Trade Association
AmericanHort
Association of American Railroads
Association of Food Industries
Auto Care Association
Autos Drive America
Baltimore Customs Brokers & Forwarders Association
California Bean Shippers Association
California Retailers Association
California Walnut Commission
California Warehouse Association
CAWA – Representing the Automotive Parts Industry
Coalition of New England Companies for Trade
Color Pigments Manufacturers Association
Columbia River Customs Brokers & Forwarders Association
Consumer Brands Association
Council of Fashion Designers of America (CFDA)
Council of Supply Chain Management Professionals (CSCMP)
CT Retail Network
Customs Brokers & Forwarders Association of Northern California
Customs Brokers & International Freight Forwarders Association of Washington State
Customs Brokers & International Freight Forwarders of Washington State
Detroit Customs Brokers and Forwarders Association Distilled Spirits Council of the U.S. Fashion Accessories Shippers Association Florida Feed Association, Inc. Florida Retail Federation
FMI – The Food Industry Association
Footwear Distributors & Retailers of America (FDRA)
Forest Resources Association
Gemini Shippers Association
Georgia Retailers
Glass Packaging Institute Global Business Alliance
Global Cold Chain Alliance
Green Coffee Association
Greenabl Shippers Association
Growth Energy
Halloween & Costume Association
Hardwood Federation
Health Industry Distributors Association
Heating, Air-conditioning, & Refrigeration
Distributors International
Home Fashion Products Association
Household & Commercial Products Association
Intermodal Motor Carriers Conference
International Association of Movers
International Dairy Foods Association
International Fresh Produce Association
International Housewares Association
International Shippers Association
International Sleep Products Association
International Warehouse Logistics Association (IWLA)
International Wood Products Association
Int’l Freight Forwards & Customs Brokers
Association of New Orleans
Juvenile Products Manufacturers Association
Leather and Hide Council of America
Los Angeles Customs Brokers & Freight
Forwarders Association
Louisiana Retailers Association
Maryland Retailers Alliance
Meat Import Council of America
Meat Institute
MEMA, The Vehicle Suppliers Association
Mid-Valley Customs Brokers Association
Minnesota Soybean Growers Association
Missouri Retailers Association
Montana Retail Association
Motorcycle Industry Council
National Aquaculture Association
National Association of Beverage Importers (NABI)
National Association of Chain Drug Stores
National Association of Egg Farmers
National Association of Manufacturers
National Association of Wholesaler-Distributors
National Chicken Council
National Coffee Association USA
National Cotton Council
National Council of Chain Restaurants
National Council of Farmer Cooperatives
National Customs Brokers and Forwarders
Association of American (NCBFAA)
National Electrical Manufacturers Association (NEMA)
National Fisheries Institute
National Grain and Feed Association
National Hay Association
National Industrial Transportation League
National Lumber & Building Material Dealers Association
National Milk Producers Federation
National Mining Association
National Oilseed Processors Association
National Pest Management Association (NPMA)
National Pork Producers Council
National Restaurant Association
National Retail Federation
National Roofing Contractors Association
National Sporting Goods Association
National Wooden Pallet & Container Association
Natural Products Association
NCA – National Confectioners Association
New Jersey Motor Truck Association
New Jersey Retail Merchants Association
New York New Jersey Foreign Freight Forwarders and Brokers Association Inc.
North American Association of Food Equipment Manufacturers (NAFEM)
North American Home Furnishings Association
North American Renderers Association
Northern Border Customs Brokers Association (NBCBA)
Ohio Council of Retail Merchants
Oregon Feed & Grain Association
Oregon Trucking Association
Pacific Coast Council of Customs Brokers and Freight Forwarders Assns. Inc.
Pennsylvania Retailers Association
Performance Racing Industry (PRI)
Pet Food Institute
Philadelphia Customs Brokers & Forwarders Association
Plumbing Manufacturers International
Portland Cement Association
Recreational Off-Highway Vehicle Association
Recycled Materials Association (ReMA)
Retail Association of Nevada
Retail Council of New York State
Retail Industry Leaders Association
Retail Merchants of Hawaii
Retailers Association of Massachusetts
San Diego Customs Brokers Association
San Gabriel Valley Economic Partnership
Shippers Coalition
SNAC International
Society of Chemical Manufacturers & Affiliates
South Carolina Retail Association
South Carolina Trucking Association
South Dakota Association of Cooperatives
South Dakota Soybean Association
Specialized Furniture Carriers
Specialty Equipment Market Association (SEMA)
Specialty Soya and Grains Alliance
Specialty Vehicle Institute of America
Sports & Fitness Industry Association (SFIA)
Tag and Label Manufacturers Institute
Tea Association of the U.S.A., Inc.
TechNet
Texas Retailers Association
The Fashion and Jewelry Trade Association
The Fertilizer Institute
Toy Association
Transportation Intermediaries Association (TIA)
Travel Goods Association
Trucking Association of New York
U.S. Apple Association
U.S. Chamber of Commerce
U.S. Dairy Export Council
U.S. Fashion Industry Association
U.S. Meat Export Federation
USA Poultry & Egg Export Council
USA Rice
Virginia Trucking Association
Washington Retail Association
Washington Trucking Associations
West Texas New Mexico Customs Brokers Association
West Virginia Retailers Association
Window & Door Manufacturers Association
Wisconsin Soybean Association
CC: The Honorable Julie Su, Acting Secretary, Department of Labor
The Honorable Pete Buttigieg, Secretary, Department of Transportation
The Honorable Gina Raimondo, Secretary, Department of Commerce
The Honorable Tom Vilsack, Secretary, Department of Agriculture
The Honorable Lael Brainard, Director, National Economic Council
Members of Congress
Mr. Harold Daggett, President, International Longshoremen’s Association
Mr. David Adam, President, United States Maritime Alliance
###
Part II – Letter From the AFL CIO to Members of Congress
Legislative Alert
Letter Opposing Injunction to Prevent Possible ILA Strike
Dear Representative:
I am writing on behalf of the AFL-CIO and its nearly 13 million members in reference to your September 19, 2024, letter to President Biden concerning the contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX). That letter warned of the dangers of a longshoremen’s strike and urged the Biden administration “to utilize every authority at its disposal to ensure the continuing flow of goods,” presumably referring to a judicial injunction under the Taft–Hartley Act to stop a strike. Unfortunately, suggesting to the USMX that an injunction is possible makes resolution of the contract before the October 1 strike deadline less likely.
History tells us that when companies can count on an injunction against a strike, they do not negotiate in good faith to reach an agreement. By even suggesting a possible injunction, your letter makes a deal less likely and a strike all the more likely. The Biden administration has been clear that the parties need to settle the matter, telling Reuters on September 17: “We’ve never invoked Taft–Hartley to break a strike and are not considering doing so now.” Yet your letter tries to suggest otherwise, giving the companies reason to dig in their heels. Instead of calling for government intervention, a far more productive tact would be to press the companies to meet the workers’ very reasonable demands.
ILA members are seeking to make up for years of small or even zero wage increases from the carriers. Like all other workers, longshoremen need raises just to keep up with the cost of living. And, like workers in many other industries—from hospitality to health care to film and television—they need fair contract provisions that protect their jobs from being eliminated by automation.
Throughout the pandemic, longshore workers never took a day off, risking their health and lives to make sure shelves were stocked and the supply chain remained strong. The public strongly supports these front-line workers and their just demand for economic security. It adds insult to injury to encourage USMX to provoke a strike rather than agree to a fair contract for the workers who kept food on the table and our economy running through the darkest days of the COVID-19 crisis.
While your letter warned that a potential strike could “result in delays and dire impacts to our supply chains, our economy, and the American consumer,” it sent exactly the wrong message to the companies if the goal is to avoid such an outcome.
Averting a strike is the responsibility of the employers who refuse to offer ILA members a contract that reflects the dignity and value of their labor. The fight for a fair contract for longshoremen is the entire labor movement’s fight. We stand united with the 45,000 ILA members who work hard every day to keep our nation’s economy moving. Please call on USMX to make a fair offer to settle this contract before October 1.
Sincerely,
Elizabeth H. Shuler
President
##
Part III Additional Information with More MHProNews Analysis and Commentary
1) Note that beyond produce, retailers, importers/exporters, and automaker connected trade groups, several organizations linked to housing construction, supply chains, and commerce signed onto this letter above.
- American Forest & Paper Association
- American Home Furnishings Alliance
- American Lighting Association
- Council of Supply Chain Management Professionals (CSCMP)
- Forest Resources Association
- Household & Commercial Products Association
- International Wood Products Association
- National Association of Manufacturers
- National Association of Wholesaler-Distributors
- National Electrical Manufacturers Association (NEMA)
- National Lumber & Building Material Dealers Association
- National Roofing Contractors Association
- Plumbing Manufacturers International
- Portland Cement Association
- Recycled Materials Association (ReMA)
- U.S. Chamber of Commerce
- Window & Door Manufacturers Association
2) Notably absent is the National Association of Home Builders (NAHB) and the Manufactured Housing Institute (MHI). Yet, when housing-finance industry connected trade groups are doing a coalition letter, MHI is often found among them, even when the issue may be harmful to the interests of manufactured housing independents.
3) While estimates vary as to what this strike will cost the U.S. economy include $5 billion daily.
🚨🇺🇸BREAKING: PORT STRIKE SET TO START TUESDAY COULD COST US ECONOMY $5B DAILY
The International Longshoremen’s Association confirmed on Sunday that a port strike will begin on Tuesday, impacting operations along the U.S. East Coast and the Gulf of Mexico.
This strike, which… pic.twitter.com/5OB1dx3SBP
— Mario Nawfal (@MarioNawfal) September 30, 2024
4) Consider this Q&A with left-leaning Bing’s artificial intelligence (AI) powered Copilot.
What if anything has the Manufactured Housing Institute said about the International Longshoremen’s Association (ILA), which could disrupt supply chains necessary for building and servicing HUD Code manufactured housing?
5) Even a one-day strike will cause backlogs of shipping. Perishable goods, including but not limited to fruits and food items like bananas, may well be impacted. Those losses will end up being built into costs for already inflation impacted Americans. The ILA has several valid concerns, including the impact of automation on their jobs. The businesses involved are largely foreign owned. It is all arguably part of the multi-decade madness of U.S. policies de facto encouraging the offshoring of numbers of items that could be, and often were previously, produced in the U.S. Some items, using bananas as an example, are somewhat more difficult (not impossible) to replicate in the U.S. But the harm to the U.S. economy, employees (both union and non-union), smaller investors, taxpayers, consumers, and others is difficult to summarize, because the harms are wide-reaching. Hundreds of members of both major parties have their fingerprints on this multi-decade pattern that people like Joe Biden, when a Democratic U.S. Senator from Delaware, often voted to support.
Only MHProNews has invested the time, research, and energy to share with the industry’s professionals the ripple effects and ramifications of U.S. policies that were often championed by people like Democratic-supporting Warren Buffett, his ally Bill Gates, BlackRock, and others.
6) Ironically, former President Jimmy Carter (D) turns 100 today. The last time there was a Longshoremen strike was in 1977. Carter must periodically smile as the Biden-Harris team continue to make his presidency look better by comparison.
7) There are any number of reasons why the so-called industry leaders continue to fail the independents of the manufactured housing industry. Chaos for smaller firms may harm them or put them out of business. Choas for smaller firms can cause them to want to sell out to consolidators, who are routinely MHI members.
8) Warren Buffett et al play 4-dimensional chess. MHI’s staff may be ignorant of such matters, or maybe they know. Either way, it is a bad look for MHI. Who says? Among others, AI powered Copilot.
9) While it is difficult to predict how long this strike will last, and there will be pressure to get it settled quickly, whatever occurs, there are lessons for MHVille. There are far too many ways for insiders to undermine smaller firms. Strikes and offshoring jobs can be allowed to occur precisely so that smaller firms and employees can be harmed. Open borders can be allowed to undermine the interests of millions of Americans of all ethnic groups and genders. Manufactured housing ought to be soaring. But instead, it is snoring. Sabotaging tactics are common enough so that Minneapolis Federal Reserve researchers and others have shined a light on the issue, yet MHI has remained largely silent about them and their study.
10) This writer for MHProNews has launched a series via the Patch that in several respects are a no-charge 101-level course for any who want to better understand their world and how it actually works vs. and why. See those fact-packed op-ed reports linked below, or other articles linked above, to learn more. In no particular order of importance are the following from this writer on the Patch. Stay tuned. The MHVille markets report follows these headlines from the Patch.
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> Frank Rolfe-Special Interests ‘Don’t Want to Solve Affordable Housing’
> TARK-‘I’m a Teen and Know the Solution to Affordable Housing Crisis’
> Renting? Rent too High? Odds Are DOJ Suit vs RealPage Matters to You
> New-Certified “Half Price Homes” – Affordable Housing Solution Redux
> Solution: “Would-Be Homebuyers Need 80% More Income Than 4 Years Ago”
Part IV
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.
NOTICE: following the TPG deal with CAPREIT, TPG has been added to our tracked stocks list below.
This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report at the closing bell, so that investors can see-at-glance the type of topics may have influenced other investors. Our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines for a more balanced report.
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 – 9.30.2024
- Time running out to avoid crippling US port strike
- A customer uses an Apple Inc. iPhone smartphone at a Verizon Communications Inc. store in Brea, California, U.S., on Monday, Jan. 22, 2018.
- Major outage: Verizon confirms it’s working to restore service after widespread complaints
- DirecTV agrees to buy Dish for $1
- Apple’s iPhone 16 hasn’t gotten a hot start, analysts estimate, but some still counting on ‘super cycle’
- Heavy rains from hurricane Helene caused record flooding and damage on September 28, 2024 in Asheville, North Carolina.
- Local broadcasters become lifeline for hard-hit North Carolina communities in wake of Helene’s wrath
- DETROIT, MI – JUNE 10: A 2021 Jeep Grand Cherokee L goes through assembly at the Stellantis Detroit Assembly Complex-Mack on June 10, 2021 in Detroit, Michigan. The plant is the first new auto assembly plant in Detroit in thirty years, and will manufacture the 2021 Jeep Grand Cherokee L. (Photo by Bill Pugliano/Getty Images)
- Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
- Homes in suburban and rural areas changed hands slightly more often than those in urban areas, according to a new survey from Redfin.
- A new report illustrates just how stuck the housing market is
- A BYD dealership in Beijing, Chin pictured on August 27
- BYD recalls top-selling EVs because of steering component problem
- National flags are displayed in the streets of of Nanjing to celebrate the 75th anniversary of the founding of the People’s Republic of China.
- Communist China is celebrating its 75th birthday and its stock market is soaring. But not everyone is in the party spirit
- Brian Williams, Anchor, “The 11th Hour with Brian Williams” on Tuesday, November 8, 2016 from New York .
- Brian Williams is set to anchor election night coverage on Prime Video. Is Amazon getting into live news?
- California governor vetoes contentious AI safety bill
- Expect shortages of bananas, booze, chocolate and cherries if there’s a long port strike
- Trump threatened John Deere. It’s just his latest attempt to bully a legendary American company
- America’s Greyhound bus stations are disappearing
- Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world
- Dirty soda shops want to be the next Starbucks
- What fueled this week’s record-breaking stock rally
- Sima Sistani, who embraced Ozempic, is out as CEO of WeightWatchers
- Moo Deng now has her own crypto, because of course she does
- You can now order your Spirit Halloween costume on Uber Eats
- A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more
- Port workers from Maine to Texas are set to strike Tuesday. Expect shortages and higher prices
- Why moves by Amazon and comments by Jamie Dimon don’t threaten an end to remote work benefits
Headlines from right-of-center Newsmax – 9.30.2024
- Ground War Looms: Israel Launches Small Raids<br> on Hezbollah in Lebanon
- Smoke plumes rise tall after an Israeli airstrike targeted the village of Khiam in southern Lebanon near the border of Israel on Monday. (AFP via Getty Images)
- Ground War Looms: Israel Launches Small Raids
- on Hezbollah in Lebanon
- A Western diplomat in Cairo whose country is directly involved in de-escalation efforts said an Israeli ground operation in Lebanon is “imminent.” [Full Story]
- Related Stories
- Biden Calls for Cease-Fire; Israel Mulls Entering Lebanon
- Israel Informs US of Plans for Ground Operation in Lebanon
- Houthis Say They Will Hit Hard After Israeli Attacks
- India’s Modi Speaks to Netanyahu, Urges Deescalation
- UN Agency Chief Denies Knowing Ex-employee Was With Hamas
- Election ’24: Race for White House
- Pollsters: Trump’s 2024 Numbers Will Be More Accurate
- Tim Walz Nervous Heading Into Debate With JD Vance
- Dem Rep. Slotkin: Harris ‘Underwater’ in Mich.
- Trump: Impeach, Prosecute Harris Over Immigration Policy
- Harris Presses Trump to Hold Another Debate
- New York Times Endorses Harris
- Cotton: Harris Ayatollahs’ Candidate
- Trump Campaign Slams ‘SNL’ for Rally Shooting Jokes
- Trump Vows to Block Nippon-U.S. Steel Deal
- Trump: Harris ‘Starving’ Pa. of Its Oil Wealth
- Republicans File Numerous Lawsuits Before Election
- More Election ’24: Race for White House
- Newsmax TV
- Huckabee: VP Debates Don’t Really Move Needle for Election
- Mike Rogers: Trump Should ‘Hammer Home the Economy’
- Fmr Amb. Limbert: Netanyahu ‘Goading’ Iran on War
- Holt: Israel’s Nasrallah Killing a ‘Master Stroke’
- RNC Strategist: Trump Has Many Paths to Victory
- Pete King: Vance Will ‘Run Circles’ Around Walz in Debate
- Polish President: No ‘Frozen Conflict’ for Ukraine, Russia
- Newsfront
- Trump Slams Federal Response to Hurricane Helene
- Former President Donald Trump on Monday slammed the White House’s response to Hurricane Helene…. [Full Story]
- Related Stories
- Death Toll Soars in US From Storm Helene; North Carolina Reeling
- Homeland Security Adviser: Could Be Up to 600 Deaths From Helene
- S&P 500 Ends Slightly Higher After Powell Comments
- The S&P 500 ended with slight gains Monday after briefly falling as [Full Story]
- AP: Newsmax, Smartmatic Settle Defamation Case
- A settlement was reached Thursday in a defamation lawsuit brought by [Full Story]
- Related
- Newsmax Statement on Smartmatic Lawsuit Settlement
- Judge Nixes Ga. Ban on Abortions, Allowing Them After 6 Weeks Into Pregnancy
- A Georgia judge on Monday struck down the state’s abortion law, which [Full Story]
- VA Missing Nearly $1B in Insurance Claims, Copays
- The Departments of Veterans’ Affairs is operating an “open cash [Full Story] | Platinum Article
- Routh Pleads Not Guilty on Attempted Assassination Charge
- The man charged with attempting to assassinate Donald Trump after [Full Story]
- Biden Announces $8 Billion in Military Aid for Ukraine
- President Joe Biden announced more than $8 billion in military [Full Story]
- Related
- Russia Targets Kyiv for 5 Hours, Hitting Ukraine Power Grid
- Zelenskyy Visiting White House Amid Partisan Divide on Ukraine
- US Sending $375M in Aid to Ukraine, Billions More Coming
- Harris, in Zelenskyy Meeting, Blasts Calls for Ukraine to Cede Territory to Russia
- Trump: Will Meet Ukraine’s Zelenskyy on Friday
- Putin to Draft 133,000 New Soldiers
- Fed Chair Powell: US Economy Is in ‘Solid Shape’
- Federal Reserve Chair Jerome Powell signaled Monday that more [Full Story]
- Crandall: Intermittent Fasting for Heart Health
- According to a new Centers for Disease Control Prevention report, the [Full Story]
- Harris Says Being Safe Is Civil Right, as Biden Signs Order on Gun Tech
- Vice President Kamala Harris said Thursday she believed right to be [Full Story]
- Related
- Biden-Harris Gun Order to Fund States’ Red-Flag Laws
- Congressional Bill Aims to Keep Mortgage Rates From Consumers
- Congress is set to pass a bill that blocks mortgage financing [Full Story]
- Port Strike by 45,000 Dockworkers All But Certain
- The union representing U.S. dockworkers signaled that 45,000 members [Full Story]
- Biden Toughening Asylum Ban at U.S.-Mexico Border
- The Biden administration will toughen an asylum ban at the [Full Story]
- Texas’ Abbott: N.Y. Got Migrant Buses for Adams’ Criticism
- Texas GOP Gov. Greg Abbott said he had no intention of ever busing [Full Story]
- Zelenskyy: Bipartisan Support for Ukraine ‘Saved’
- Ukrainian President Volodymyr Zelenskyy said his recent trip to the [Full Story]
- Israeli Airstrikes Kill 12 in Gaza, Including Journalist
- Israeli airstrikes pounded areas across the Gaza Strip on Monday [Full Story]
- Related
- Israeli Strikes Reported in Damascus
- Kremlin: Trade Growing With Iran Amid Pager Attacks
- IDF Chief: Israel Can Precisely Target Threats Beyond Borders
- Hezbollah’s Deputy Leader Vows to Fight on after Nasrallah’s Death
- Cotton Calls on Israel to Finish Off Hezbollah
- Kelly: IDF Sent ‘Powerful Message’ By Killing Nasrallah
- Witnesses Report First Israeli Airstrike in Central Beirut in Nearly a Year of Conflict
- UN Agency Chief: Didn’t Know Ex-employee Was With Hamas
- The U.N. Palestinian refugee agency (UNRWA) chief on Monday denied [Full Story]
- Biden Calls for Ceasefire; Israel Mulls Entering Lebanon
- President Joe Biden called for a ceasefire on Monday when asked about [Full Story]
- 90,000 Georgians Sheltering After Chemical Plant Fire
- More than 90,000 residents in a county east of Atlanta were told to [Full Story]
- Hillary Clinton: Oct. Surprise to ‘Distort’ Harris
- Former Secretary of State Hillary Clinton warned of a coming October [Full Story]
- Russia Pounds Ukraine With Record-Breaking Strike
- Russia unleashed a record number of drone and missile strikes on 11 [Full Story]
- American Charged in Russia With Mercenary Activity
- Stephen James Hubbard, a 72-year-old U.S. citizen, pleaded guilty in [Full Story]
- Trump Campaign Slams ‘SNL’ for Shooting Jokes
- The Trump campaign lashed out at “Saturday Night Live” over the [Full Story]
- Republicans File Numerous Lawsuits Before Election
- Republicans have filed numerous lawsuits to challenge voting laws and [Full Story]
- US Wins 10th Straight Presidents Cup
- The United States continued its historical dominance of the [Full Story]
- Senate Dems Weigh Ending Filibuster for Abortion
- Senate Democrats are weighing ending the filibuster to pass abortion [Full Story]
- Fmr Opponent of Rep. Luna Charged for Threats
- A former primary opponent of Rep. Anna Paulina Luna, R-Fla., was [Full Story]
- Evacuating Residents Find Atlanta Interstate Closed
- Some residents east of Atlanta were evacuated while others were told [Full Story]
- Witnesses Report First Israeli Airstrike in Central Beirut
- Witnesses on Monday reported the first Israeli airstrike in central [Full Story]
- Kris Kristofferson, Singer-Songwriter, Actor, Dies at 88
- Kris Kristofferson, a Rhodes scholar with a deft writing style and [Full Story]
- Rubio: Trump Would End Russia-Ukraine War
- If Donald Trump is elected president, his administration would end [Full Story]
- More Newsfront
- Finance
- Mike Rogers: Trump Should ‘Hammer Home Economy’
- Former President Donald Trump can win the crucial battleground state of Michigan if he continues to focus on the economy and the auto industry, says former Rep. Mike Rogers, R-Mich…. [Full Story]
- US Should Impose Tariffs on Foreign Real Estate Investors
- FCC Investigating Verizon Mobile Network Outage
- Is Capitalism Even in Harris’ Vocabulary?
- 50 Basis Point Rate Cut – A Review And Outlook
- More Finance
- Health
- Best Breakfast for Beating Dementia
- Research shows that what you choose for your morning meal may help preserve cognitive function. According to WebMD, breakfast kick-starts your metabolism, helping you burn calories throughout the day. It also gives you energy and helps you focus on work or at school. Many…… [Full Story]
- New Study Finds Travel Slows Aging
- Falls Linked to Increased Risk for Dementia Diagnosis
- Halving Breast Cancer Radiation OK for Reconstruction
- Study: What Families Fight About Most
- Synthetic THC Calms Agitation in Alzheimer’s Patients
- Strategies for Shopping for Medicare Advantage Plans
- 6 Exposed Healthcare Workers Show Bird Flu Symptoms
- FDA Approves Dupixent to Treat ‘Smoker’s Lung’
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- 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, 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.
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.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
- 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 (on 5.22.2024) 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 in fairness CNN and Fox sites get more much more total traffic). Statistics – Data – Infographics – Research – Facts – Evidence – Trends – and manufactured housing industry expert Analysis make us and keep 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.
