A party with a financial interest in Cavco Industries (CVCO) mentioned to MHProNews on 5.11.2022 that the Phoenix based firm has lost millions of dollars in market cap in the month of May. Cavco’s stock hit $262.31 on 5.4.2022, as the Yahoo graphic below reflects. Their stock closed yesterday at $217.89. That’s a loss of some 17 percent of their market cap in just over a week. The source opined that the SEC legal action is a drag on the stock. Perhaps. But objectively and in fairness, numbers of manufactured housing industry equities have been losing ground for days. Other factors beyond Cavco’s SEC woes are likely factors, as will be explored in this report, analysis, and commentary.
Public polling reveals that confidence in “the Biden economy” is faltering, even among the Democratic faithful. As MHProNews has recently reported, small business confidence – even among Democrats – in the Biden regime is down.
It is hardly Cavco alone among manufactured home industry firms that has suffered “millions” in market cap losses during May 2022. Democratic candidates for re-election are distancing themselves from Joe Biden to the extent that they do not want the claimed chief executive campaigning for them. So, it is odd at best that the supposedly nonpartisan Manufactured Housing Institute (MHI) keeps singing the praises of what they claim they assert they are accomplishing with the Biden Administration.
MHI = Tips
An informed source said via phone and email the following regarding the press by the Biden Administration by the U.S. Department of Energy (DOE) for a delayed manufactured housing energy rule.
“MHI is under pressure re energy rule;
– [They, MHI] Want to be seen as “doing something,” especially after throwing DOE a lifeline with their standards proposal;
– But, a bill being sponsored only by a Republican is unlikely to go anywhere in a Democrat controlled Congress;
– If they [MHI] wanted to do this, why didn’t they do it while Trump was president?”
In short, that source asserts that MHI is posturing once again in a Congressional move doomed to go nowhere prior to DOE’s possible enactment on the energy standards. After years of MHI touting their “Preserving Access to Manufactured Housing Act” – which had bipartisan support, and still went nowhere after years and millions spent, who beyond their true believers does MHI think they are fooling with the following MHI email dated 5.11.2022?
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In contrast to MHI’s posturing in the above with a meaningless ‘fig leaf’ through obviously belated introduction of legislation doomed to go nowhere in a Democratic Biden Administration, the Manufactured Housing Association for Regulatory Reform (MHARR) has said for months that the legal option must be available to “the industry” as a whole, which should ideally include MHI.
That MHARR endorsed legal option means pressing a lawsuit by the industry’s members, if necessary. More on this is pending, perhaps this week or early next week, so stay tuned.
Back to the Cavco-MHI related woes. It is possible that some savvy investors that closely monitor MHProNews are aware of the DOE energy rule threat. That might be an influence on the prominent MHI producer’s stock valuations. MHARR has publicly rebuked MHI by name for their problematic behavior.
Even an MHI affiliate, the Texas Manufactured Housing Association (TMHA), has had their Vice President of Operations, Rob Ripperda tell the Texas Real Estate Center in a report published earlier this week that manufactured home industry’s equities are dragging. A negative overhang, acknowledged Ripperda, for those stocks are those DOE manufactured housing energy standards.
Paul F. Martens – Brewing Anti-MHI Movement Among Their Own Independent Members?
So, when it comes to MHI and their claims, the automatic response to objective thinkers ought to be one word. ‘Really?’ With authentic 21st century manufactured housing industry history in mind, that should one skeptical word be followed by six more words: ‘Where is the beef from MHI?’
Where is the measurable performance by MHI that can be tracked in objective terms of more homes sold? Why have so few openly questioned MHI and their dominating brands? Because the facts below – something akin to it not readily found on the MHI website – speaks volumes.
Why does MHI keep pressing apparently years of market-failed CrossModTM homes on their homepage, instead of posting information that could awaken the masses of Americans to the inherent affordability and value of ALL HUD Code manufactured homes during an affordable housing crisis?
MHI’s track record on a range of topics is not only dubious, it is so bad that treachery with respect to independents and consumers alike must be questioned. Who could be so inept time and time again, as even their own leaders have on occasion admitted?
With that backdrop, among the oddities in MHI’s 5.11.2022 email to their readers was this item.
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Who does MHI think they are fooling on finance?
Why is MHI still posturing on Secretary Fudge?
Isn’t it obvious that our prior reports have stood the test of time, while MHI BS continues to smell? Listening to MHI on financing (or several other important issues) harkens back to the classic comedy, Groundhog Day, where people keep living events over and over again with the same outcome.
As with the DOE energy rule, they have been credibly accused of undermining the industry as a whole by favoring a few favored insider firms rather than support broader actions that could cause existing laws to be properly and fully enforced.
MHI has been talking and writing about more FHA Title I loans or robust DTS supported personal property loans for years? Where is the beef from MHI? Where are the measurable deliverables? When MHI’s own top staff admit that nothing much has occurred, who is listening to MHI seriously, and why?
If Allen’s missive cited at length below is accurate, a growing chorus of current and prior MHI members are saying the Arlington, VA based MHI is acting in favor of insiders that have steadily consolidated the industry to the overall detriment of consumers and industry independents. MHProNews has raised that issue time and again for years, with Allen and others publicly and privately attacking MHProNews for doing so. That noted, isn’t it obvious in hindsight that our reports have stood the test of time while their fluff has been revealed as largely bogus BS?
That noted, how is it possible that MHI affiliated state associations and apparently pro-MHI bloggers and publications aren’t more directly rebuking MHI and their “big boy” brands?
Years of MHI head fakes, photo and video ops are what pepper their emails, “housing alerts” or “calls to action.” They can tout how many attended a meeting, or who said what during a public hearing. But after 14 years to 2+ decades after enactment of favorable laws successfully promoted by MHARR and others in the industry, the MHI claim for credibility in getting those post-production aspects of good laws properly enforced has arguably worn thin. Is there evidence for that claim? Yes. More on that a bit further below.
Workers, Employees, and Corporate Misalignment
A very successful professional has been emailing and speaking with MHProNews about the balanced or holistic elements needed for sustained success in business. Among the points that pro made? Companies are often seen as essentially by their employees as not being in alignment with their team’s needs, hopes, and dreams. At least that alignment is not sufficiently strong to keep “the revolving door” from being a serious issue for businesses in and beyond the manufactured home industry. Several MHI member brands have directly or indirectly admitted as much. The choir keeps singing as long as they get rewarded. But once the music – or financial rewards – stop, the support may wane.
MHI issued their latest ‘news and updates’ to their readers within hours of an email at 1.15 PM 5.11.2022 shown further below addressed to them, industry bloggers/publishers, and others.
Given MHProNews’ top industry audience size and engagement, MHI merely telling their own members and readers what they should do with public officials can only last so long. Even skeptics of MHProNews will over time recognize that our reports and analysis have been consistent and accurate, while the MHI amen corner is increasingly revealed to be threadbare in the value of many of their posts.
To that point, MHI “emeritus” member, MHI member MHVillage’s MHInsider Contributing Editor and blogger George F. Allen and others who are in MHI have been openly talking about launching a new association or promoting a push by MHI to represent “all segments” of the industry as MHI has arguably falsely claimed for years.
While Allen’s true intentions are likewise wisely to be questioned, his public musings and press on MHI are a confirmation of what MHProNews has reported and commented on in op-eds for some years. Better late than never, George?
To demonstrate, Allen via his blog on May 6, 2022, has continued a theme he began a few weeks before. Typos are in his original.
“The watershed moment? Could be and should be, when entrepreneurial businessmen and women in the HUD-Code housing manufacturing industry; especially finance firms and land lease communities, convene to encourage the Manufactured Housing Institute (‘MHI’) to become markedly more inclusive, and aggressively advocate, in behalf of all post-production sectors of the industry; OR, not be surprised when others take steps to birth a new national trade body that will do so!”
Allen claims he “received a position paper from Paul F. Martens, ACM” that advocates for a new trade group.
Allen says he ‘lightly edited’ Martens submission, but doesn’t indicate what he edited, so it is unclear what is Marten’s purported thinking and what is Allen’s massage of QYND’s principals’ plan. Martens was described by Allen as a “portfolio land lease community owner/operator, headquartered in California.”
Martens didn’t respond to a message sent yesterday afternoon by MHProNews to his organization requesting the original of the Allen claimed plan as of 7:30 AM ET on 5.12.2022. If Martens provides that requested ‘new association plan,’ MHProNews can publish an new report that updates what follows, as needed.
In the absence of an original, Allen’s claimed account will be provided below. An analysis of the Allen-Martens’ statement will follow. Quoting Allen’s lightly read-blog…
“A new national association? To be, or not to be! To that end, the elephant in the room is NIMBY (i.e. ‘Not in My Back Yard’), and how do we as an industry eliminate that perennial
roadblock?*1 The solution begins with this question, ‘Who are ‘we’ as an industry?’ The Manufactured Housing Institute (‘MHI’), of which I am a direct, dues-paying member, is our industry’s national leader, and their important contributions to our industry are focused on macro level lobbying in Washington, DC. and trade education, nationwide. MHI’s National
So, where are we as an industry? We are small to mid-sized community owners/operators, the 99 percent not yet institutionalized, as well as a variety of business service providers that support the manufactured housing industry. We are a group without a voice, because MHI and the NCC, while important to our industry, have agendas not focused on our needs! Herein the timely conundrum, as George Allen succinctly states, now is the time and opportunity to either ‘Put up or shut up!’ – but what does that mean?
I very reluctantly suggest – as have others before me – that we create another new national trade association to represent and advocate for the disfranchised of our industry. Individually, we do not have the clout or funds to move the needle. It takes commitment by the majority of people reading this – and more. It requires a plan. It requires compromise. And most importantly, it requires funds. We are not starting by asking for money, but rather, boots-on-the-ground to create a framework for how an ideal national association, representing and advocating for this majority body, might look. We welcome input and support from MHI and the NCC, but the board of a newly formed association should consist of elected small to mid-sized community owners/operators and other post-production sector representatives – none of whom will individually, or in cliques, control the new entity. Think Elon Musk trying to buy Twitter.
It’s easy to say, ‘I’m in!’ However, consider the time commitment carefully, as it will take work to make this a reality. Two related examples: 1) an early initiative of this newly formed body might be creation of a minimum set of performance standards for land lease communities (a.k.a. manufactured home communities) nationwide, to ensure consistent levels of quality among communities, using something measurable, such as one of the existent rating systems. Doing this begins the process of negating the NIMBY syndrome. 2) The next step might be to ensure all states support implementation of licensing or regulations to enforce aforementioned minimal standards of performance and quality, holding investor owners and their property managers accountable. And, of course, there are other measures appropriate to address the needs of other post-production sectors. In any case, if the majority of our industry is willing to compromise and agree to some sacrifices, we can change the image and ensure future growth of our industry!
However, if creating a new entity is asking too much, what would you suggest that would give the 99 percent of our industry the visibility it currently lacks?
It is much easier putting this call-to-action into words than it will be getting the majority of your support, but we can make this a reality if you are up for the challenge. I will commit the time, if many of you newer and seasoned industry insiders will commit as well. Furthermore; given the chance this call–to-action succeeds, we have already secured/parked a couple URLs for consideration, being: ’manufactured home community owners association of America’ (‘MHCOAA’). org or .com.*3
End Notes.
1. NIMBY is just one of several ‘affordable housing progress negating epithets’ in use these days; others include: LULU = ‘locally unwanted land use’, & BANANA = ‘build absolutely nothing anywhere near anyone.’ …
2. For a history of the formation of the NCC division, read the late Bruce Savage’s ‘The First 20 Years’ …
3. If the entire spectrum of post-production sectors of the manufactured housing industry are likely to be represented in a new national trade body, more URLs and other identifying names and symbols will be needed.
Editor’s [GFA’s] Note. Do you realize what you just read in Part II? There’s a dozen or more businessmen and women who’ve expressed interest in or support of this proposal – to at least meet and consider/plan the creation of a new post-production trade body; or, demand the rejuvenation of MHI and its’ NCC division, to better represent and advocate for ‘all’ of us! (By the way, it took only 19 land lease community owners, meeting on 31 August 1993, to get the NCC started.) So far, today’s individuals hail from east and west coasts, as well as the Midwest. All we’re waiting for now, is for MHARR (‘Manufactured Housing Association for Regulatory Reform), an online trade newsletter publisher, and like-minded individuals (‘You?’) to step forward and lead….GFA” ##
Among the facts Allen’s post didn’t say is that MHProNews responded weeks ago to Allen’s proposal directly and then publicly in reports like the one linked below. That failure by Allen to report accurately should be kept in mind by those readers of MHProNews who may also at times read Allen’s stuff. Are facts like those shown in the report linked below inconvenient for Allen to report?
As a brief commentary on the above, there is at least one potential red flag by what Allen (GFA) claims is Martens’ ‘lightly edited’ proposal.
It is this: “We welcome input and support from MHI and the NCC…” See the email below that should explain why welcoming input and support from MHI and the NCC is contrary to what Allen-Martens also said: “So, where are we as an industry? We are small to mid-sized community owners/operators, the 99 percent not yet institutionalized, as well as a variety of business service providers that support the manufactured housing industry. We are a group without a voice, because MHI and the NCC, while important to our industry, have agendas not focused on our needs!”
If “the 99 percent” are a “group without a voice because MHI and the NCC…have agendas not focused on our needs!” – then where is the logic in asking MHI and the NCC for input and support to birth a new trade group?
Isn’t that desire to work with MHI/NCC part of what arguably went awry with the National Association of Manufactured Housing Community Owners (NAMHCO)? Isn’t that like asking burglars to safeguard your property? Why break away from MHI/NCC – and then work with them – instead of creating a new trade group that pledges to work with the Manufactured Housing Association for Regulatory Reform (MHARR)? After all, if MHI did what MHARR has long suggested, then there would be no need for a new post-production trade group at all.
Allen has also failed to mention and link that MHARR has long promoted a new post-production trade group that MHARR could team up with for the benefit of industry independents and consumers alike.
When NAMHCO launched, MHARR publicly gave it a lift.
To Allen’s credit, MHInsider has dodged such topics of unrest among manufactured housing independents completely.
That noted – much of the above are factoids which Allen failed to mention.
The following was yet another email follow-up and related inquiry sent to Allen and MHI’s leaders, BCC’ing several of that Allen has previously copied on this topic. Minor typos in the original email are fixed below, but do not change the meaning of the inquiry. This email was sent at 1:15 PM 5.11.2022 to MHI’s current and prior chairman, Lesli Gooch, and several of MHI’s outside attorneys. As of 9:34 AM ET 5.12.2022 there has been no direct response, although some sources confirmed receipt.
Subject: George and other Manufactured Housing Bloggers, Publishers, and MHEC Execs
As I’ve indicated to you privately, your bringing the issue of the apparent need for a new post-production trade group to your readers has certain advantages, IMHO. Clearly, Kurt Kelley’s MHR has done so too. These ‘perhaps better late than never’ items serve to amplify, as you have alluded, to our publications leading the charge among manufactured home focused trade media to this need.
You may recall that Ken Rishel, supposedly acting as a bridge between our publication and you, asked us to raise the issue of a new post-production some years ago when Dick Moore and Bob Crawford were then raising the need. Having considered it, MHProNews published their thoughtful concept. Speaking for myself only, I’d still welcome Dick, Bob, or others of like stature to step up and take a leadership role in the ever more obvious need to have a post-production trade group step up and team up with MHARR to advance the robust enforcement of federal laws that already exist.
Put differently, we’ve reported on such calls for over a decade.
That’s what authentic trade or other news media should do – report the truth as objectively as possible. Who says? The American Press Institute (API), with one example of their principles quoted below.
Let me state that editorially, we’d welcome a revived effort by NAMHCO, so long as they avoid what were two of their arguably prior errors. Namely, after breaking with MHI, they then hired an ex-MHI VP to be their lobbyist and then later publicly agreed with MHI on a proposal. Having made mistakes at times myself, that isn’t said to embarrass them, but to encourage them to regroup in a positive fashion and learn from what happened. Note that among the BCCs is a NAMHCO contact. I’d also encourage them to consider broadening their base audience and perhaps rebrand while keeping their nonprofit status.
That said, when we publish, we routinely name names. If we are talking about you, we don’t shy away from naming you. If it is MHI, Clayton, Cavco, RHP, Havenpark, Frank and Dave, or whomever, we name names and provide evidence. We also give them and/or their inside or outside attorneys, an opportunity to respond. Why? First, it’s fair and journalistic. Second, we are not editorially afraid of debating the evidence, even with the biggest names in our arguably artificially small profession.
When we press the topic of the need for something to supplant MHI, it is based on evidence that in many cases we alone have published in MHVille trade media. To your and Kurt’s credit, objectively, you have at least raised the issue. But the evidence-based case can be made that neither your nor Kurt’s presentation on the topic is balanced. Is that because you and he both have an agenda?
Please answer that question above via email. No word limit. Try to provide evidence for your statement(s).
We do not speak for MHARR, nor they for us. We happen to see several things similarly and have a professional relationship that is open, namely, they are a sponsor. That said, they don’t try to dictate our editorial or news content. IMHO, that’s to everyone’s advantage.
As a Vietnam vet, thank you for your service, you learned guerrilla warfare tactics. I’ll circle back to that soon.
Besides various God-given gifts there are awards won in history, the apparently largest body of evidence MHProNews’ published on manufactured housing related issues, and a willingness to do what the Society of Professional Journalists (SPJ) Code of ethical conduct says is important; among which are a willingness to admit errors and glitches publicly. Meanwhile, we are also equally willing to stand up for even unpopular and uncomfortable truths. That, IMHO, is a reason why our audience dwarfs yours and all others who publish trade news and who are in the BCCs. If any of those BCC’d professionals or other industry pros who will later read online our planned report disagree, by all means, they or others are invited to respond to this message.
Though you apparently weren’t man enough, or journalist enough, to name MHProNews.com, you said: “All we’re waiting for now, is for MHARR (‘Manufactured Housing Association for Regulatory Reform), an online trade newsletter publisher, and like-minded individuals (‘You?’) to step forward and lead….GFA.”
Speaking for myself, holding a live meeting that benefits the Clayton Homes-Cavco et al supported RV MH Hall of Fame is not part of any agenda I care to support.
In the era of Zoom calls, or the still existent GoToMeeting, etc., there is no need to travel to the foundation for [meeting to get] an authentic ‘white hat’ post-production trade association going. Furthermore, it could all be done via LinkedIn, which may be better. Andy Gedo and I did so on LinkedIn, which is still one of the most robust discussions on the issues outside of our publications. There is no point, in my view, to start a black or gray hat post-production trade association. We’ve made clear using evidence and publicly articulated, expert view op-eds, that we think MHI is working for the consolidation of the industry.
Frankly, I’ve been waiting for one or more someone that is already aligned with MHI – perhaps Kurt, Frank & Dave, you, others – to do what seems to be occurring. I think what you’ve written is hilarious.
Restated, with Vietnam era battle tactics and psyops in mind, I think you are using another head-fake tactic. Happy to debate your thinking vs. ours publicly in a moderated virtual setting. I’m equally willing to debate MHI’s corporate or staff leaders about their performance on behalf of “all segments” of the industry.
I’ll close with these questions.
1). Why hasn’t MHI used their attorney(s) to sue to get the Manufactured Housing Improvement Act (MHIA) of 2000 and its “enhanced preemption” provision enforced? After all, MHI is on record saying they believe in it and want HUD to implement it. If so, why hasn’t MHI acted legally? Why years of talk, but no legal action?
2). Similarly, why has MHI failed to sue a local town like Ayden, N.C., to get the MHIA’s “enhanced preemption” provision enforced? Mayor Pro-Tem Ivory Mewborn asked for such support. Lesli Gooch is on record claiming she is in alignment with their desires – really? If so, where is the action to back up Gooch’s words?
3). Why hasn’t MHI apparently enforced their antitrust guidelines?
4). Why hasn’t MHI apparently enforced its so-called code of ethical conduct?
5). Years after prior MHI chairman Tim Williams, 21st Mortgage Corp president and CEO, said that MHI was hiring a media relations professional in part to respond to negative news, and to share positive news, why is there little to no evidence for those MHI claims?
6). Why hasn’t MHI and or its corporate giants offered to sue DOE if they press ahead with the DOE’s planned energy rules for manufactured housing that are based on site-built housing standards that ought not be applied to manufactured housing?
7). Why hasn’t MHI sued FHFA and/or the GSEs to get the Duty to Serve Manufactured Housing enforced with respect to robustly securitizing personal property loans? How many more years must that wait?
There is more, but that’s sufficient to draw to a close. Those with the moxie to respond in writing should do so under each individual question. There is no word limits. There is no need to wait until August or yet another MHI connected group meeting (i.e. the RV MH Hall of Fame) to discuss MHI’s performance on behalf of “all segments” of the industry, which by the way happens to include consumers and community residents!
Those who are tired of over 20 years of manufactured housing industry underperformance and who have a white hat ethical plan to advance a post-production trade group to supplant MHI and work with MHARR, we are not only happy to hear it, we are willing to publish it as we did NAMHCO, GFAs, and Kurt’s MHR articles. I’ll close by saying that MHARR leaders and I have not always seen eye to eye, but as a MHARR leader recently told me, ‘Tony, our relationship is not based on bull-sh-t.’ We’ve come to understand each other. As one of the few quarter plus century veterans of manufactured housing, there is no trade group I’m aware of that can hold a candle to what MHARR has done for independent producers. That’s the kind of dedication that is needed for a successful post-production trade group.
In closing, doing a white hat post-production trade group the correct or “right way” won’t in the long run cost money. It will pay for itself many times over. Our articles below include some that outline in detail why we think that part of what a new white hat post-production trade group should do is fight for antitrust and RICO legal actions that Samuel Strommen at Knudson Law articulated quite well. I think billions of dollars could be won, and those harmed to date could recoup some of those purported losses. That is based on feedback from attorneys, including public officials, who have looked at the evidence that our publications have published.
Written feedback welcome. See disclosures further below.
Regards,
Tony
https://www.fhfa.gov/Media/Documents/Kovach-statement.pdf
PS: Public evidence based and factual feedback on any of the articles – or others published – are also welcomed. My main request is that those who respond avoid the 6Ds and logical fallacies defined below.
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Additional Information, More MHProNews Analysis and Commentary
Is Allen or MHI going to respond directly? They have not done so as of 9:20 AM on 5.12.2022.
Despite Allen’s attempt to position himself as a savior for manufactured housing independents, his post cited above fails to mention how he has promoted MHI on several of Allen/Spencer Roane’s SECO stages and in his posts. Given obvious evidence, among thinking professionals, who does Allen think he is fooling?
The footnotes Allen provided to the above included plugs for Allen’s published work that were edited out (MHProNews does not endorse what Allen/Roane has, apparently legally questionable if not illegal ‘lease to own’ style plans that New York State fined several MHI members for previously). That Allen flip flops back and forth between promoting MHI and throwing them under the bus, and does the same with others too, what is meanwhile consistent for him is how he promotes himself throughout. Thus the post confirms yet again the observation what one of his former clients told MHProNews. See how this quip by that ex-Allen client applies. “With George, it is always AAA. All About Allen.”
In fairness, Allen can be charming, funny, and likes showing off with minor bits of ‘magic.’ But aren’t such charms part of what professional con artists do too?
MHProNews will periodically monitor the claims of growing unrest among MHI and non-aligned members for authentic post-production representation of independents.
Until then, producers of HUD Code manufactured homes are fortunate to have the opportunity to turn to MHARR for advocacy, which has consistently and authentically fought not only regulators, but in many cases, MHI itself. As a stating the obvious disclosure, MHARR is an advertiser/sponsor of MHProNews. That is apparent from banner ads. That noted, MHI used to be a sponsor of this site too, and that did not keep MHProNews from publishing reports that called their behavior to account. Our platform follows the facts, evidence and our editorial content is our own. That’s why millions of visits occur on each of our platforms annually, while others are too embarrassed to reveal their authentic reader engagement.
Watch for a planned update on some of these issues that may occur in the next few days. In the meantime, the above illustrates why industry pros have to spot propaganda and efforts at group manipulation.
One more reminder of the troubling wonders occurring in Bidenville America and in MHVille, thanks to what is often the usual suspects operating in both of those categories. Adjusting for inflation, the investment of thousands of professionals are eroding. Where are MHInsider, Allen, MHI, or others on that vexing reality? Inaction on these issues is demonstrably costly.
Next up is our daily business news recap of yesterday evening’s market report, related left-right headlines, and manufactured housing connected equities.
The Business Daily Manufactured Home Industry Connected Stock Market Updates. Plus, Market Moving Left leaning CNN and Right-leaning (Newsmax) Headlines Snapshot. While the layout of this daily business report has been evolving over time, several elements of the basic concepts used previously are still the same. For instance. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market-moving’ news items.
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Headlines from left-of-center CNN Business – from the evening of 5.11.2022
- Shares fall 25%
- Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times.
- Bitcoin crash is crushing Coinbase. The stock is now down 75% for the year
- US inflation slowed last month for the first time since August, but remains
- Here’s what’s getting more expensive at the grocery store
- Why US gas prices are at a record, and why they’ll stay high for a long time
- Ukraine halts some Russian natural gas flows to Europe
- Work-from-home stocks are getting crushed
- Kohl’s holds off barbarians at the gate… for now
- Tesla’s stock slide raises doubts about Elon Musk’s Twitter purchase
- Best Buy has a new strategy to win bargain hunters
- Watch a space startup spin a projectile into the sky at more than 1,000 miles per hour
- In 1997, an IBM computer beat a chess world champion for the first time
- Bill Gates has Covid
- Hertz will rent you a Mustang with more than 900 horsepower
- Here’s what to do if you have a loss on an investment
- Analysis: Media outlets must ask themselves this serious question ahead of the midterms
- Content by The Ascent
- It’s official: now avoid credit card interest into 2024
- A sign welcomes visitors to Salton City, California, on the west coast of the Salton Sea, December 16, 2021. – Hollywood’s jet set once crowded the shores of the Salton Sea, a then-idyllic southern California playground for the wealthy, where Frank Sinatra rubbed shoulders with the Beach Boys. Today it is desolate and depressed, but huge reserves of lithium in its bowels are rekindling the hopes of the communities that persist around California’s largest lake.
- This California desert could hold the key to powering all of America’s electric cars
- Scout sketches
- Volkswagen is bringing back the Scout as an electric SUV
- The electric Ford F-150 Lightning is the best version of America’s best-selling truck
- SPORTS
- Tom Brady of the Tampa Bay Buccaneers throws a pass on January 16, 2022 in Tampa, Florida.
- Tom Brady announces what he will do after he retires
- Amazon names announcers for ‘Thursday Night Football’
- Joe Buck, Troy Aikman are joining ‘Monday Night Football’
- Mike Tyson is selling ear-shaped cannabis-infused edibles
- Adidas’ plan to take over college sports: Sign endorsement deals with up to 50,000 student athletes
- THE ROE V. WADE DEBATE
- Treasury Secretary Janet Yellen testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing, Tuesday, May 10, 2022, on Capitol Hill in Washington.
- Janet Yellen and GOP senator spar over the economic impact of abortion rights
- Two words are missing from Roe v. Wade coverage
- Why Planned Parenthood is bolstering its news division
- Religious broadcasting’s role in abortion conversation
- These companies will help staff in red states bypass abortion bans
Headlines from right-of-center Newsmax 5.11.2022
- Dem Bid to Secure Roe v. Wade as Matter of National Law Falls, 49-51
- Scalise: ‘Day One’ Vote on Born-Alive Bill If GOP Wins Control in Midterms
- Scalise, R-La. (Getty)
- The bill, which would prohibit a health care practitioner from failing to provide care to babies that survive an abortion or attempted abortion, was introduced by Rep. Ann Wagner, R-Mo. [Full Story]
- Russian Invasion of Ukraine
- Kyiv Proposes Swapping Hurt Azovstal Defenders, Russia Captives
- Ukraine Pushes Russian Forces Back, Restricts Gas Flow to Europe
- Ukraine Proposes Swapping Injured Azovstal Defenders for Russia Prisoners
- House Approves $40B in Ukraine Aid, Beefing Up Biden Request
- Wives of Mariupol Defenders to Pope: ‘You Are Our Last Hope’
- Biden Sees Bigger Role for US Farms Because of Ukraine War
- No Civilians Left at Steel Plant: Russian Separatists
- Putin Statue Appears in Kyiv With Gun in Mouth: ‘Shoot Yourself’
- Russia’s Conditions for Nuke Use ‘in Black and White,’ Official Says
- Lithuania Sets World Precedent, Lists Russia as Terrorism Sponsor
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MHProNews has pioneered in our profession several reporting elements that keep our regular and attentive readers as arguably the best informed in the manufactured housing industry. Among the items shared after ‘every business day’ (when markets are open) is our left-right headline recap summary. At a glance in two to three minutes, key ‘market moving’ news items are covered from left-of-center CNN Business and right-of-center Newsmax. “We Provide, You Decide.” © Additionally, MHProNews provides expert commentary and analysis on the issues that others can’t or won’t cover that help explain why manufactured housing has been underperforming during the Berkshire era while an affordable housing crisis and hundreds of thousands of homeless in America rages on. These are “Industry News, Tips, and Views Pros Can Use” © features and others made and kept us the runaway #1 in manufactured housing trade publisher for a dozen years and counting.
Manufactured Housing Industry Investments Connected Equities Closing Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: 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.
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- 2022 …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.
Enjoy these ‘blast from the past’ comments. MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing and have completed over a dozen years of serving the industry as the runaway most-read trade media.
- 2022 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
Sample Kudos over the years…
It is now 12+ years and counting…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
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 and honors and also recognition 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. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
