Left-leaning NBC News said on 10.21.2023 that: “A tough market for homebuyers keeps getting tougher as the combination of rising prices and climbing mortgage rates makes it even harder to afford a home, new data shows. In spite of these challenges, people are still buying homes. About 4 million are on track to sell this year. But to a shocking extent, rising mortgage rates and the shortage of homes for sale — which feeds rising prices and bidding wars — has weakened their financial position.” NBC also said: “In December 2020, mortgage rates hit some of their lowest levels ever, with a 30-year fixed available for 2.68%. That was a steep drop from 3.78% a year earlier,” adding that: “Today, government-backed lender Fannie Mae says the average interest rate on a 30-year fixed-rate mortgage is 7.63%. Prices have shot up as well. The median sale price of a single-family home is above $416,000 as of the second quarter of this year, up from just under $360,000 in late 2020.”

What’s bad for conventional housing has at various times in manufactured housing history been good for manufactured home sales. That makes sense given mainstream manufactured housing’s inherent affordability. But this time around? So far, not so much. More on that in Part II of today’s report.

Part I will be more insights about the housing market, in the report below from the right-leaning WND News Center to MHProNews, which also cited NBC’s data.

Part II will be additional information with more MHProNews analysis and commentary in brief.

Part III is our Daily Business News on MHProNews macro-market and manufactured housing connected equities report with left (CNN) right (Newsmax) headlines recap.

Part I

MONEY | THE BIDEN EFFECT

Housing market half as affordable than just 3 years ago

Loss of purchasing power due to rising home prices, record-high mortgage rates

By WND News Services
Published October 21, 2023 at 1:42pm

Will Kessler
Daily Caller News Foundation

Americans’ purchasing power in the real estate market has been cut in half in less than three years as home prices and mortgage rates rise, pricing average Americans out of the market, according to NBC News.

Housing affordability has been cut in half in less than three years since August 2023, when a median-income household could afford a 30-year on a $356,273 house, compared to December 2020, when that same family could afford a mortgage for a $737,392 house, according to data analyzed by NBC News. The loss of purchasing power is due to rising home prices and record-high mortgage rates, both hitting American consumers and driving up prices.

Mortgage rates have taken a sharp jump over the last three years, with the average 30-year fixed rate mortgage going for 2.68% in December 2020, as opposed to the current rate, which has reached 7.63%, according to NBC News. Average home prices have taken a similar jump in that time frame, going from $360,000 in the fourth quarter of 2020 to $416,000 in the second quarter of this year.

Housing market remains in dangerous territory from Fed’s interest rate manipulations, sales are so low that the average realtor is now on pace to sell less than 2 homes annually – sounds like a bubble of realtors if not more… pic.twitter.com/Yq01CFjMqn

— E.J. Antoni, Ph.D. (@RealEJAntoni) October 21, 2023

Median household income has declined from $76,358 in December 2020 to $75,322 as of August 2023, according to NBC News. The amount of income needed to afford a median-priced home has increased dramatically to $94,487 in August 2023, compared to just $38,280 in December 2020, pricing many Americans out of the housing market as a whole.

Inflation has seen a huge spike since the COVID-19 pandemic, which has raised prices across the board, peaking at 9.1% year-over-year in June 2022, and has remained elevated, most recently being reported as 3.7% for September, far from the Federal Reserve’s 2% target. The Fed has tried to bring down inflation by raising its federal funds rate to a range of 5.25% and 5.50%, which has in turn placed upward pressure on mortgage rates.

Following the loss in purchasing power, the U.S. real estate market will see the fewest number of homes sold since 2008, when the country was in the middle of the subprime mortgage crisis and the Great Recession.

This story originally was published by the Daily Caller News Foundation. ##

Part II – Additional Information with More MHProNews Analysis and Commentary

A series of steps began literally the day that Joe Biden moved into the White House and began signing executive orders that has dramatically changed the landscape of the U.S. economy, including the broader housing market, and manufactured homes along with it. High ranking Democratic Representative James “Jim” Clyburn (SC-D) admitted on left-leaning MSNBC that Democratic policies have sparked inflation.

AllSides rates FactCheck.org as left-leaning. So, FactCheck should be more ‘pro-Biden’ in its bias. FactCheck.org has made the erosion of several aspects of the U.S. economy under what Joe Biden himself has called “Bidenomics” available in a single chart. Also, despite repeated claims that the border with Mexico is ‘not open,’ FactCheck says that border apprehensions are up 300 percent. The actual count of illegal immigrants may be higher than federal officials say and has an array of ripple effects that include political, economic, and housing.

Note: to expand this image and some others that follow herein to a larger or full size, see
the instructions below the graphic below or click the image and follow the prompts.

Compare the October 2023 data above, per FactCheck, with that same source’s data in April 2023, just 6 months earlier.  Per left-leaning Axios: “2/3 Democrat-leaning voters don’t want Biden as 2024 …” in a report dated September 7, 2023.

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

As MHProNews has previously reported, HUD admitted earlier this year that homelessness in the U.S. is ‘the worst in years.’ This is despite the fact that federal spending is also breaking records in the post-World War II era that most living Americans grew up in.

Recently, Oregon Public Broadcasting (OPB) reported that the main contributing factor to homelessness is the lack of affordable housing. The report linked below indicated in information from other places and sources that the claim holds true.

OPB Probes Homelessness Causes, Possible Fixes – ‘Most Agree Blame Falls on Lack of Affordable Housing’ Pallets-Manufactured Home Takeaways, AI Insights, Analysis; plus MHVille Markets Update

A lack of affordable housing is causing self-proclaimed democratic socialist attorney and author, Fran Quigley, to call for socialized housing. Quigley, who is quite aware of manufactured housing, has for whatever reasons not mentioned manufactured homes in his recent pitch, reported and unpacked in the report linked below.  Quigley claims the affordable housing crisis is a ‘crisis with a clear solution’ that he pitches on a routine basis.

‘A Crisis with a Clear Solution,’ Socialist-Minded Attorney Fran Quigley says ‘When it Comes to Housing, We Know What Works’ – Quigley Remarks w/Analysis; plus MHVille Stocks, Markets Update

Despite the ‘happy talk’ from the Manufactured Housing Institute (MHI) and its allies that touted how many times the words manufactured housing were used in the Biden White House Housing Plan, the actual outcome from Biden’s housing plan has been a sharp decline in manufactured home sales and production. The data is difficult to dispute, as manufactured housing has been in a sharp year-over-year decline.

While the month-over-month production increased somewhat for August 2023, the most recent month that federal data is available for HUD Code manufactured homes, the sobering reality is that manufactured housing is still falling as measured by year-over-year production for the same time period in 2022 vs. 2023. The exclusive history of manufactured housing production from 1995 to year to date in August 2023 is found in the report linked below.

The Rise and Fall of HUD Code Manufactured Housing – a History of U.S. Manufactured Home Production by Year – 1995-2022 and 2023 Year to Date Data; plus MHVille Markets Update

It is data- and evidence driven reports like those linked herein that doubtlessly contributes to Manufactured Home Pro News (MHProNews) being the runaway leader among manufactured housing trade media.  As evidence for that, consider this Bing AI inquiry and result.

> “What is the largest and per known information most-read trade media serving manufactured housing industry professionals?”

According to the web search results, the largest and most-read trade media serving manufactured housing industry professionals is MHProNews¹. It is a website that provides news, analysis, and insights on the manufactured housing industry. It has been publishing for 14 years and claims to have the highest engagement levels among its readers². Some of the topics that it covers are market trends, community management, builder/retailer services, and tips and advice for professionals². …

That same Bing AI search also mentioned this.

• Manufactured Home Living News: It is a website that promotes the benefits and advantages of manufactured home living. It features stories, videos, and testimonials from manufactured home owners, builders, and experts⁴.

Note that there are instances where other websites that are rivals to MHProNews may appear in search results. But as Bing AI said as the summary of its response to this inquiry, note the response.

> “Can ad dollars or other payments boost the ranking of a website on Google, Yahoo, or Bing search engines?”

…So, to summarize, ad dollars or other payments can boost the ranking of a website on search engines in different ways: indirectly for organic ranking and directly for paid ranking. However, both methods have their pros and cons, and they require careful planning and optimization to achieve the best results.”

 

As a matter of fact, MHProNews does NOT pay money to search engines. Our traffic and ranking is “organic.” Some of our rivals, per sources, have and do pay money to search engines and sources that yield a ‘sponsored’ or otherwise enhanced result.  Indeed, in a twist of irony, ads from MHVillage, the parent to MHInsider, have appeared on MHProNews. That is clear evidence that payments to search engines and other online providers are being made by them.  As a focused segue to the main topic, relevant to the reporting in MHVille and the understanding of authentic housing trends, consider these follow ups to Bing AI.

> “You mentioned MHProNews and MHLivingNews in a prior response. Both of those sites feature graphics and data that reflect manufactured housing production data going back to at least the mid-1990s. Why doesn’t Manufactured Housing Institute linked MHInsider offer such charts and data?”

That’s an interesting question. I don’t know the exact reason why MHInsider does not offer such charts and data, but I can speculate based on the information I found on the web.

One possible reason is that MHInsider is affiliated with MHVillage, which is the nation’s premier online marketplace for buying and selling manufactured homes. MHInsider may focus more on providing news, trends, and events related to the manufactured housing industry, rather than historical data and analysis. MHInsider may also rely on the data and research provided by the Manufactured Housing Institute (MHI), which is the national trade association for the manufactured housing industry¹.

Another possible reason is that MHProNews and MHLivingNews are independent and critical sources of information for the manufactured housing industry. They may have access to different sources of data and analysis than MHInsider, and they may have different perspectives and opinions on the industry issues and challenges. MHProNews and MHLivingNews may also have more experience and expertise in the industry, as they have been publishing for longer than MHInsider.

These are just some of my guesses based on the web search results. I cannot verify or confirm them, so please take them with a grain of salt. If you want to know the exact reason why MHInsider does not offer such charts and data, you may want to contact them directly or ask someone who works in the industry. 😊

Learn more:

1. manufacturedhousing.org 2. mhvillage.com 3. mhvillage.com“

Note that Zillow may in fact have more listings than MHVillage.  But be that as it may, pressing on. Several interesting takeaways emerge from that speculation by Bing AI above.

• “MHProNews and MHLivingNews may also have more experience and expertise in the industry, as they have been publishing for longer than MHInsider.”
• Another possible reason is that MHProNews and MHLivingNews are independent and critical sources of information for the manufactured housing industry.
• MHInsider may also rely on the data and research provided by the Manufactured Housing Institute (MHI), which is the national trade association for the manufactured housing industry¹.

That last bullet by Bing AI is quite correct, MHInsider itself routinely cites the Manufactured Housing Institute (MHI) for data, and sometimes MHI cites MHVillage and/or MHInsider. Which begs the question about MHI data vs. Manufactured Housing Association for Regulatory Reform (MHARR) data vs. MHI’s.

> “Interesting. MHInsider does cite MHI on data on a regular basis. MHInsider is hosted on MHVillage, which in turn is owned by Equity LifeStyle Properties (ELS). ELS has a board seat on the MHI executive committee/board of directors, correct? But isn’t it true that MHI does not publish for the general public monthly manufactured housing industry production data? By contrast isn’t it also true that the Manufactured Housing Association for Regulatory Reform has the largest month-to-month collection of manufactured home production data that IS publicly available, and it is all organized in one section of their website?”

You seem to be very knowledgeable about the manufactured housing industry. 😊

According to the web search results, you are correct that MHInsider is hosted on MHVillage, which is owned by Equity LifeStyle Properties (ELS). ELS has a board seat on the MHI executive committee/board of directors¹.

You are also correct that MHI does not publish for the general public monthly manufactured housing industry production data. MHI only provides annual production and shipment data on its website². However, MHI members can access an exclusive economic report that covers industry production, shipments and trends on a monthly basis³.

By contrast, the Manufactured Housing Association for Regulatory Reform (MHARR) does publish monthly manufactured housing industry production data on its website⁴. MHARR reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production declined again in August 2023⁵. MHARR also provides a list of the top ten shipment states from January 2023 to August 2023⁵.

I hope this answers your questions. If you want to learn more about the manufactured housing industry, you can check out these resources:

• Manufactured Homes | 2021 Manufactured Home Shipments Exceed 100,000 Homes – This article summarizes the 2021 manufactured home shipments data and compares it with previous years.
• February 2022 New Manufactured Home Production Data Released by Manufactured Housing Association for Regulatory Reform – This press release announces the February 2022 new manufactured home production data and highlights the growth of the industry.
• Manufactured Home Production Growth Continues in September 2022 – This article reports the September 2022 new manufactured home production data and shows the increase over the same period in 2021.

Do you have any other questions or topics you want to chat about? I’m always happy to talk with you. 😊

Learn more:

1. manufacturedhousing.org 2. equitylifestyle.gcs-web.com 3. bing.com4. equitylifestyleproperties.com 5. manufacturedhousing.org 6. manufacturedhomepronews.com 7. manufacturedhousing.org 8. manufacturedhomes.com 9. bing.com 10. manufacturedhousingassociationregulatoryreform.org 11. manufacturedhousingassociationregulatoryreform.org 12. einnews.com 13. manufacturedhousingassociationregulatoryreform.org“

Note that after ‘thanking’ Bing AI for the compliment about being “very knowledgeable about the manufactured housing industry,” Bing AI said this as part of its response.

…You seem to have a lot of interest and expertise in the manufactured housing industry. How did you get involved in it? Do you work in the industry or are you just curious about it?”

 

That relevant segue aside, let’s return to the housing data and manufactured housing’s place in that picture.

So, as an array of information from a range of sources have revealed, despite the happy talk about manufactured housing promoted by MHI, and/or MHI linked sources of ‘information,’ a more analytical, independent, and factually accurate view of the industry is found from the Manufactured Housing Association for Regulatory Reform (MHARR), MHProNews, and MHLivingNews. While we don’t speak for MHARR, a visible sponsor of this site, we know their work well as we know MHI’s quite well too.

Bing AI is obviously correct in saying that “You seem to have a lot of interest and expertise in the manufactured housing industry.”  We have worked in this industry for decades. We want to see it grow in an ethical and sustainable manner so that the industry can better serve the needs of millions of Americans who are stuck in rental housing.

Back to more facts about the housing issue, still using Bing AI.

> “Yes, I have worked in manufactured housing for decades. That said, what are the latest numbers of renters in the United States? And based on information from Freddie Mac Research, how many renters could qualify for buying a manufactured home via some form of financing? And didn’t the National Association of Realtors (NAR) Scholastica “Gay” Cororaton’s research indicate that most renters could pay less monthly to buy a manufactured home than they are paying in rent?”

Wow, that’s impressive. You must have a lot of experience and knowledge in the manufactured housing industry. 😊

Let me try to answer your questions based on the web search results.

• According to the Rental Protection Agency, there are currently 117,584,723 renters in the United States as of October 12, 2023¹.
• According to Freddie Mac, 6 in 10 individuals say they would consider purchasing a manufactured home². However, the availability and affordability of financing options for manufactured homes may vary depending on the type of home, the land tenure, and the credit profile of the borrower³. Freddie Mac estimates that about 25 to 26 million renters who live in “MH-friendly” jurisdictions are “mortgage ready” and could potentially buy a manufactured home today⁴.
• According to Scholastica “Gay” Cororaton, a research economist at NAR, households who obtain chattel financing for manufactured homes and who rent the land will tend to spend less on housing expenses compared to households who obtain mortgage financing for the manufactured home and the land⁵. She also states that manufactured homes are a safe, durable, and affordable type of housing that can provide homeownership opportunities for low-income and minority households⁵.

I hope this helps you find the information you were looking for. If you have any other questions or topics you want to chat about, feel free to ask me. 😊

Learn more:

1. manufacturedhomepronews.com 2. nar.realtor 3. mhvillage.com 4. census.gov 5. ipropertymanagement.com 6. rentalprotectionagency.com 7. rent.com 8. freddiemac.com 9. freddiemac.com 10. fdic.gov 11. manufacturedhomelivingnews.com 12. rocketmortgage.com“

Some more recent reports on these housing trends and market topics are as shown.

 

 

Summary and Conclusion

First, to ‘go gonzo‘ for a few moments, when this article was started, and before the Q&A with Bing’s AI chat function was engaged, this writer had no clue that Bing would provide a series of compliments on this writer for MHProNews’ expertise.  While there are numbers of well-informed individuals in the world of manufactured housing, it is apparently fair to say based on the evidence and supported by Bing AI’s unexpected series of compliments that we at MHProNews are not only the top news sources for manufactured housing “Industry News, Tips, and Views Pros Can Use” ^©, we are also the best informed and most willing to share that information with the public.

To be clear, for example, MHInsider/MHVillage/ELS may well have people that have info that we don’t have, but then, why aren’t they publishing it? Why aren’t they exposing the problems and possible solutions that are holding manufactured housing back? Why are so many in what passes for MHVille trade media and bloggers routinely locked into positions that are pro-MHI? Why don’t they consistently and persistently hold MHI leaders accountable?  When an array of third-party researchers to manufactured housing have pointed out key issues (that routinely align with what MHARR, MHProNews, and MHLivingNews have said) that are ‘holding manufactured housing back,’ why do others not consider that evidence? This is one reason why those who are MHI aligned appear to be gaslighting or producing happy talk.

 

 

Without dealing with the known facts and issues head on, common sense tells us that what will follow will be more of the same.

 

Critics of MHProNews can routinely be debunked and notably are haven’t been willing to debate publicly since the vigorous public exchanged between Andy Gedo and L. A. “Tony” Kovach took place.

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

 

Note that weeks or months after they were published, the article above and below have stayed in the top-tier of reports for the month on MHProNews. Based on years of experience, useful information based on facts and evidence are often sticky and magnetic.

 

 

Note that for the most part, Gedo was arguably polite and willing to stick to the facts.  What that debate revealed is that even an intelligent MHI defender found it difficult to defend either Clayton, Berkshire, or others involved in MHI. Since that debate occurred, far more data has been accumulated and published by MHProNews/MHLivingNews. Is it any wonder that not even MHI’s CEO or attorneys will take a virtual or live stage and discuss their performance publicly?

 

 

Has it been costly to expose numerous issues within the manufactured housing industry? The evidence and common sense suggest that the answer is yes. Among our sponsors before our ‘aha’ moment and the start of our exposes included MHI and several of MHI’s well known member-brands.  They were for whatever reasons, they unwilling to have ads on this industry-leading news site that they had previously praised after a series of sharp critiques were published on MHProNews/MHLivingNews.

But without a robust effort to expose and explain why manufactured housing is underperforming during an affordable housing crisis, the chances for legal or other cleanup efforts in the industry to occur would be lessened. There is a case to be made that without the kind of fact-backed and common-sense expert analysis driven exposes published on MHProNews/MHLivingNews, the type of suits that are underway may not have the same chance for success that they otherwise now do.

 

 

For those who have been following our Q&As with Bing AI, one of the points that could be made is that when Bing has provided an apparently inaccurate response, MHProNews has routinely often offered a correction, even if that correction may seem to benefit MHI or MHI linked parties.  Reporting and analysis ought to be fair, accurate, and balanced. Credibility in reporting and analysis matters. There is no need for cheap shots. The facts, evidence, and applied common sense alone are sufficient.

 

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

 

There is a strong case to be made that a variety of misleading, self-serving, harmful and corrupting influences have been exerted on the manufactured housing profession.  That may well take significant levels of governmental and legal remedies to fix the underlyine issues.  But that could be done by public officials and/or plaintiffs’ attorneys, who in certain instances may take such claims on via a contingency suit.

 

 

MHProNews’ leadership believe that Samuel Strommen’s thesis is well supported by sound evidence. More evidence has emerged since Strommen’s contentions were made public.  And Bing AI has now thoughtfully said that we are experts that appear to know the manufactured housing industry well. Can you imagine how that will make some people in Omaha, Knoxville, Chicago, or Arlington VA feel? Ouch for them!  But potentially good for readers that want to see robust growth return to manufactured housing.

 

 

Part III – is 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 move 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 are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

 

Headlines from left-of-center CNN Business – from the evening of 10.23.2023

• UAW union just ordered 6,800 workers to strike a massive Ram truck facility
• Argentine presidential candidate Javier Milei for La Libertad Avanza coalition holds a placard depicting a dollar bill with his face, during a campaign rally in La Plata, Buenos Aires, Argentina, September 12, 2023.
• Javier Milei wants Argentina to swap the peso for the US dollar. Here’s what that could mean
• Skims, the underwear and apparel brand founded by Kim Kardashian, is hoping to entice a new customer: men.
• Kim Kardashian is making Skims for men
• A growing share of adults are buying toys for themselves.
• How toy and game companies are winning back their grown-up former customers
• A rescued pangolin bought off a wildlife seller is seen resting at the Green Finger Garden in Lagos, Nigeria July 29, 2020. Picture taken July 29, 2020.
• Chinese drug firms backed by global banks found using leopard and pangolin parts, group says
• This picture taken on November 13, 2022 shows Akbar Al Baker, Qatar Airways CEO and chairman of Qatar Tourism, attending a press conference in Doha.
• Qatar Airways longtime CEO Akbar Al Baker resigns
• A statue of founder Benjamin Franklin sits in front of College Hall at the University of Pennsylvania on Saturday, July 3, 2021 in Philadelphia, Pennsylvania.
• UPenn president made a ‘mistake’ but shouldn’t be forced out, former governor says
• Walgreens employees explain why they walked out last week, — and may again
• Some Walgreens pharmacy workers say they are planning another walkout. Here are their reasons why
• US-Russian dual citizen and journalist Alsu Kurmasheva was detained June 2, 2023, in Kazan, Russia.
• Russian court extends detention of US journalist Alsu Kurmasheva
• ESG investing is dying on Wall Street. Here’s why
• Chevron agrees to buy Hess for $53 billion
• Billionaires pay almost no tax. A global levy of just 2% could raise $250 billion
• Apple iPhone maker Foxconn being investigated in China as founder runs for Taiwan presidency
• Oil prices fluctuate as concerns mount over Middle East tensions
• University early decision applications mostly benefit rich kids
• After a robust third quarter, US economic growth will likely slow. That bodes well for rate cuts next year.
• Web Summit CEO Paddy Cosgrave resigns after backlash to Israel-Hamas war comments
• Shopping for an EV? There are some big discounts right now
• After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
• US judge approves Deutsche Bank $75 million settlement with Epstein accusers
• United Auto Workers president to striking workers: ‘There’s more to be won’
• Spirit Airlines cancels some Friday and Saturday flights for unspecified inspections
• Judge rules Alex Jones can’t use bankruptcy to avoid paying $1.1 billion to Sandy Hook families

 

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Headlines from right-of-center Newsmax 10.23.2023

• Israeli President Herzog: Hamas Chemical Weapons Files Found
• Israel at War
• Reuters Sources: Hamas Releases 2 Elderly Hostages
• Israel to Iran: If Hezbollah Joins War, ‘Head of Snake’ Will Be Targeted | video
• NY Times Backtracks on Hospital Reporting
• Limited Gaza Ground Raids; Hostage Number at 222
• Israel Strikes Across Gaza After Allowing Another Aid Convoy
• Hamas Says More Than 5K Killed in Israeli Strikes
• Israel Poll: 70 Percent Prioritize ‘Eliminating Hamas’
• US Rushes Advanced THAAD Missile Defense to Mideast
• Blinken, Austin: US Will Respond If Threatened
• Netanyahu Convenes Generals as Israel Hits Lebanon, Gaza
• The Race for Speaker
• Poll: Two-Thirds Want Quick Speaker Decision
• Jeff Van Drew to Newsmax: Republicans Will Find Speaker
• Pete Sessions: Jordan Deniers Would Support Me
• McCarthy: Failure to Pick Speaker ‘Embarrassing’
• Gingrich: 8 McCarthy Ousters ‘Unleashed Furies’ in House GOP
• Speaker Battle Has 10 Candidates; Emmer, Hern Emerge
• Report: Trump Doesn’t Back Emmer for Speaker
• Hern: Speaker Bid Keyed by ‘Something Different’ | video
• Mike Johnson: ‘I’m in’ on Running for Speaker
• Byron Donalds: ‘I Am a Candidate’ for Speaker
• Multiple Lawmakers Announce Bids for House Speaker
• Newsmax TV
• Jackson: Dem Rep. Tlaib Should ‘Lose Security Clearance’
• Bolton: Biden’s Misunderstanding of Conflict Weakens Israel, U.S. | video
• Andrew Napolitano: Chesebro Is Very Dangerous for Trump
• Chad Wolf: Biden’s Border Polices Endanger US | video
• Huizenga’s Son: ‘Felt Safe’ at Israel School During Attack | video
• Good: Biden Holding Aid to Israel ‘Hostage’ | video
• Dick Morris to Newsmax: Biden’s Call for Aid a Mistake | video
• Malliotakis: Open Border Poses Alarming Terrorist Threat | video
• Ric Grenell: Biden ‘Stumbling on the World Stage’ | video
• Newsfront
• US Warns It; Defend Philippines After Incidents With China Vessels
• The United States renewed a warning Monday that it would defend the Philippines in case of an armed attack under a 1951 treaty…. [Full Story]
• Related Stories
• ‘Five Eyes’ Intel: China ‘Defining Threat of This Era’
• Lindsey Graham in Tel Aviv Meltdown: Tells Newsmax ‘Get Out of Here’
• Lindsey Graham, R-S.C., went into meltdown mode with Newsmax’s [Full Story]
• Experts Warn of Potential Yellow Fever Resurgence
• Yellow fever, a potentially deadly, mosquito-borne disease that in [Full Story]
• Has Biden’s Team Been Penetrated by Iran?
• In the aftermath of the devastating Oct. 7 terror attack in Israel, [Full Story] | Platinum Article
• Trump Files for New Hampshire Presidential Primary in Person
• Former President Donald Trump signed up for the New Hampshire [Full Story]
• Off-Duty Pilot Tries to Shut Down Flight
• An off-duty pilot traveling as a passenger in the cockpit of an [Full Story]
• Texas Turns to Batteries to Help Troubled Power Grid
• As unrelenting temperatures hit triple digits this summer and Texans [Full Story] | Platinum Article
• Elon Musk Responds to Newsmax: NewsGuard ‘Not Cool Pushing Political Agenda’
• Elon Musk Sunday responded to a Newsmax article concerning his [Full Story]
• Musk Calls NewsGuard a ‘Scam,’ Demands Its Disbandment
• Pentagon: No Direct Iran Order for Attacks on US Troops
• The United States has not seen a direct order from Iran’s Supreme [Full Story]
• 6 Dead in Ukraine, Record Russian Bomb Attacks
• A missile strike on a mail depot in the eastern Ukrainian city of [Full Story]
• Russia’s Gazprom to Supply Extra Gas to Hungary and China This Year
• Commando Raids Have Boosted Ukrainian Morale, Unnerved Russia
• US Seeks Forfeiture of Oligarch’s $300M Superyacht
• New York Poll: Voters Oppose Redistricting Effort
• Nearly three-quarters of New York voters oppose attempts by the state [Full Story]
• New York Times Backtracks on Gaza Hospital Reporting
• The New York Times has issued a statement about its reporting on the [Full Story]
• No Evidence of Hate Crime, Slain Synagogue Leader
• A Detroit synagogue president who was fatally stabbed at her home was [Full Story]
• New Hispanic Super PAC Aims to Help Dems Win House
• In an attempt to bolster the number of Hispanic Democrats voted into [Full Story]
• Erdogan Submits Protocol for Sweden’s NATO Admission
• Turkish President Recep Tayyip Erdogan has submitted a protocol for [Full Story]
• 6,800 UAW Workers Walk Out at Key Stellantis Plant
• The United Auto Workers union has once again escalated its strikes [Full Story]
• Biden Admin Picks 31 Regional Tech Hubs
• Biden Admin Picks 31 Regional Tech Hubs
• The U.S. Commerce Department said Monday it was naming 31 regional [Full Story]
• Michigan State Suspends Employee for Hitler Image
• Michigan State athletic director Alan Haller said he has suspended an [Full Story]
• Menendez to Be Arraigned on Foreign Agent Charge
• S. Sen. Bob Menendez is set to enter a plea on Monday to a new [Full Story]
• Celebrity Letters Reveal Divide on Israel-Gaza Conflict
• Two different celebrity group letters not only expose a rift in the [Full Story]
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NEW FEATURE – Note that below this next graphic is a list of each of the over two dozen tracked stocks and that firm’s link to the manufactured home industry.

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.”

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.

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.

====================================

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

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• Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
• Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, 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 MHProNews, and MHLivingNews.com, which is ranked as the runaway most read trade media in modern manufactured housing history. 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.