On Friday, left-of-center CNBC noted that the average rate for a 30-year fixed rate mortgage hit 3.70 percent. That’s the lowest it has been in three years. A few points to make before diving into the meat of the data from CNBC. · In years gone by, rising interest …
Interest Rate Shift – Reason for Manufactured Home and other Housing Seekers to Buy Now? Read More
Last week, Prosperity Now, formerly known as CFED, published their list of “I’M HOME 2019 State Manufactured Housing Policy Wins.” Their release encouraged sharing, which is useful to manufactured housing industry professionals, advocates, and other interested parties to thoroughly understand as part of the sometimes-complex dynamics at work in …
Regrettably, the manufactured housing industry lacks some of the type of accurate, granular data that so many other industries get from trade associations. As MHProNews has previously reported, MHI has made arguably errant or misleading claims on several issues that ought to be data-driven. That said, there is anecdotal evidence …
In the wake of attacks on unarmed civilians in El Paso, TX and Dayton, OH, the White House announced that a planned trip today to The Villages in Florida has been cancelled. The Villages are a 55-plus land-lease community that includes sections of manufactured home and others with conventional …
Some documents merit more than one look. On July 10, 2019 the Manufactured Housing Institute (MHI) produced a report that could have been written by a new writer being groomed for MHProNews. It raised several fine points. Let’s look at a few of them. “As Department of Housing …
Have markets hit bottom since the latest round of U.S. China trade blows? Time will tell, but the worst day of 2019 has just occurred. That said, as the chart at the left indicates, the markets are still up overall for 2019, and year-over-year are still plus too. Almost all …
The headline sums it up. It is now month 10 of year-over-year (YoY) declines in production and shipments of new HUD Code manufactured homes. This morning, MHProNews posted a significant report linked below on ‘official word’ from one of the top 3 brands in manufactured housing, Skyline Champion. …
On August 3, 2019 the transcript of the Skyline Champion conference call was published. Participants in that conference call were reported by Seeking Alpha as follows. Skyline Champion Corporation (NYSE:SKY) Q2 2019 Earnings Conference Call August 1, 2019 8:00 AM ET Company Participants Mark Yost – CEO Laurie Hough …
Skyline Champion CEO Mark Yost on Manufactured Housing Market, SKY Performance, Analysis Read More
Disclosure. On Friday, this writer became one of the ever growing number of new citizens of the United States via the naturalization process. Although my land of origin is not Latin American, several of the items in the El Paso Walmart shooter’s manifesto would arguably apply to me and …
El Paso Walmart Shooter’s Manifesto Text, Understanding Tragedy, Getting to Root Causes Read More
Right or wrong, like it or hate it, business and politics to a large degree have become inseparable in America in 2019. So at least a minimum level of engagement and understanding are useful to those professionals who seek business as a career and/or for investment purposes. In …
“There is nothing wrong with America that cannot be cured with what is right in America,” – William ‘Bill’ Clinton (D), 42nd President of the United States (POTUS), first inaugural address, per Yale Law School. “The System is Rigged.” – Donald J. Trump (R), 45th President of the United States (POTUS), statement …
Markets and investors prefer certainty to uncertainty. So the announcement by President Trump of more tariffs on China’s products, and possibly additional and higher tariffs yet to come, provided a good dose of uncertainty. On a day when stocks continued to slide, as did most manufactured home connected tracked stocks, …
Kudlow on Deepening U.S.-China Trade War, plus Manufactured Home Stock Updates Read More
Yesterday afternoon in the mailbox was a letter informing us that today at 10 AM in Tampa, FL that Soheyla Kovach, a near-daily contributor to MHProNews, was to appear for her citizenship ceremony. U.S. Citizenship and Immigration Services is USCIS for short. Their staff has routinely been friendly and …
Celebrating Citizenship, USCIS Naturalization Ceremony, and MHVille Read More
This report will begin by laying out some facts from federal testimony before Congress, and will then provide some related background information. The relevance to the industry’s historically low levels of new HUD Code manufactured home shipments should be discerned by thoughtful professionals, investors, and curious federal and other public …
Long-Time HUD Attorney’s Formal Statement on Manufactured Housing Enhanced Preemption Read More
In a northern manufactured housing land-lease community operation there is a saying. “Free entertainment” is how several managers and executives describe the strange-but-true occurrences that arise. Some ‘free entertainment’ of that kind is costly, dangerous, and at times, deadly – as numbers of manufactured home community professionals know from …
Strange-But-True Manufactured Home Fire in Land Lease Community Read More
Democrats battling last night on the debate stage was expected. Stocks rose early in the day. President of the United States Donald J. Trump business unit used to own several casinos. Perhaps it is no surprise, then, that what often looks like river boat gambles occur in the form of …
While the letter that follows was addressed this afternoon primarily to leaders connected with MHI, as the message itself says, more than one official with ties to HUD that also has reportedly performed work for MHI was also in the emailed document. Given the ongoing downturn, the message should speak …
In a release this morning to MHProNews, the Texas Manufactured Housing Association (TMHA) said the following. June 2019 TMHA Shipment Report Texas Shipments pulled back in June on a decrease in production days and an increase in homes shipped out of the state. TEXAS MANUFACTURED HOME SHIPMENTS …
#1 Manufactured Home Producer Texas Reports Continued Declines, w/Bright Spot? Read More
The headline will be answered in two ways. Let’s proceed with a systematic look at a release to MHProNews from the Apartment List that spotlighted research which said the following. In 2018 “At current savings rates, two-thirds of millennials need more than two decades to save for a down payment.” …
How Long Before a Millennial Can Save a Down Payment for a Home? Read More
Let’s be clear. Market watchers aren’t saying that stocks dropped because of last night’s Democratic debates. That’s why we bundled last night’s debate highlights with Fed Chair Jerome Powell’s comments, which were taken as cold water for further rate cuts after only .25 percent drop announced today. On a day …
