“The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) remained mostly flat in June” 2023 said that organization’s Economic and Strategic Research (ESR) Group in a media release provided to MHProNews, which is shown below in Part I of this report with analysis. The Fannie Mae ESR Group report also said: “We continue to forecast home sales to slow in the second half of the year, compared to the first half, due to ongoing affordability constraints and lack of housing supply,” which could be an opportunity in disguise for manufactured housing who put to work the proper action steps. Part II of this report will provide additional information with MHProNews analysis and commentary that will focus on manufactured housing opportunities and obstacles. Part III is the manufactured housing connected equities, macro-markets, and left-right headline news summary.
Part I – Per Fannie Mae Research to MHProNews
Consumer Confidence in Housing May Have Plateaued
HPSI Remains Stuck at Relatively Low Level amid Ongoing Supply and Affordability Constraints
WASHINGTON, DC – July 7, 2023 – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) remained mostly flat in June, increasing by only 0.4 points to 66.0, as difficult supply and affordability conditions continue to weigh on the housing market. While most of the HPSI’s six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May. Even so, a significant majority of consumers continue to report that it’s a “bad time to buy” a home, as they have since mid-2021. The full index is up 1.2 points year over year.
“Confidence in the housing market appears to have plateaued at a relatively low level, suggesting that many consumers may be coming to terms with elevated mortgage rates and high home prices,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “Home prices continue to be supported by the tight supply of homes available for sale, and, compared to the end of last year, fewer respondents today believe home prices will decrease over the next 12 months. Additionally, consumers’ mortgage rate expectations have tempered: A larger share of respondents think mortgage rates will stay the same over the next year, whereas mid-to-late last year, most thought rates would continue going up. This seems to signal that consumers are adapting to the idea that higher mortgage rates will likely stick around for the foreseeable future. We continue to forecast home sales to slow in the second half of the year, compared to the first half, due to ongoing affordability constraints and lack of housing supply.”
Home Purchase Sentiment Index – Component Highlights
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased in June by 0.4 points to 66.0. The HPSI is up 1.2 points compared to the same time last year. Read the full research report for additional information.
- Good/Bad Time to Buy: The percentage of respondents who say it is a good time to buy a home increased from 19% to 22%, while the percentage who say it is a bad time to buy decreased from 80% to 78%. As a result, the net share of those who say it is a good time to buy increased 5 percentage points month over month.
- Good/Bad Time to Sell:The percentage of respondents who say it is a good time to sell a home decreased from 65% to 64%, while the percentage who say it’s a bad time to sell increased from 34% to 36%. As a result, the net share of those who say it is a good time to sell decreased 3 percentage points month over month.
- Home Price Expectations:The percentage of respondents who say home prices will go up in the next 12 months decreased from 39% to 36%, while the percentage who say home prices will go down decreased from 28% to 26%. The share who think home prices will stay the same increased from 33% to 37%. As a result, the net share of those who say home prices will go up in the next 12 months remained unchanged month over month.
- Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 19% to 16%, while the percentage who expect mortgage rates to go up decreased from 50% to 47%. The share who think mortgage rates will stay the same increased from 31% to 36%. As a result, the net share of those who say mortgage rates will go down over the next 12 months decreased 1 percentage point month over month.
- Job Loss Concern: The percentage of respondents who say they are not concerned about losing their job in the next 12 months remained unchanged at 77%, while the percentage who say they are concerned remained unchanged at 22%. As a result, the net share of those who say they are not concerned about losing their job decreased 1 percentage point month over month.
- Household Income: The percentage of respondents who say their household income is significantly higher than it was 12 months ago decreased from 20% to 19%, while the percentage who say their household income is significantly lower decreased from 12% to 10%. The percentage who say their household income is about the same increased from 67% to 71%. As a result, the net share of those who say their household income is significantly higher than it was 12 months ago increased 1 percentage point month over month.
To learn more about Fannie Mae’s Home Purchase Sentiment Index and National Housing Survey consumer attitude measures, please click here.
About the ESR Group
Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Doug Duncan, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets. The ESR Group was awarded the prestigious 2022 Lawrence R. Klein Award for Blue Chip Forecast Accuracy based on the accuracy of its macroeconomic forecasts published over the 4-year period from 2018 to 2021. ##
Part II – Additional Information with more MHProNews Analysis and Commentary
There are zero uses of the words “manufactured homes” or “manufactured housing” in Fannie Mae’s ESR Group’s latest research report. That noted, many of the facts their research stated are potential opportunities for HUD Code manufactured homes.
For example:
- “…consumers are adapting to the idea that higher mortgage rates will likely stick around for the foreseeable future.
- “…many consumers may be coming to terms with elevated mortgage rates and high home prices…”
- “We continue to forecast home sales to slow in the second half of the year, compared to the first half, due to ongoing affordability constraints and lack of housing supply.”
Each of those remarks, when viewed through the lens of a well-informed manufactured housing professional, ought to clearly signal opportunities for manufactured housing business and industry growth. Not only did the Masthead on MHProNews previously provide a plan outlined in the report below, but MHI member Cavco Industries aptly pointed out the tremendous upside potential of manufactured housing when they said how affordable manufactured housing is and that some 6 million new homes are needed in the U.S. However, analyst Gregory Palm questioned Cavco’s William “Bill” Boor on why the manufactured housing industry was underperforming during their most recent earnings call.
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that the industry ought to expect this current downturn because more expensive site built housing is also in a downturn? MHI’s research and reasoning are arguably a classic example of PALTERING and the use of a RED HERRING logical fallacy. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
So, despite the potential of manufactured housing, it is apparent that the industry’s actual trajectory has been sharply downward.
That downward trajectory is dropping sharply despite the fact the more costly new conventional housing has risen during the same timeframe that more affordable manufactured housing industry sales and production have fallen.
These are facts that the Manufactured Housing Institute (MHI) and their arguably cover-providing, reality obscuring bloggers and trade publishers attempt to reframe in a way that fits the definition of gaslighting. Apparently, business focused Investopedia felt the issues of gaslighting had become serious enough to warrant a recent post on the topic, which they ran under the subject of the Illusory Truth Effect. Left-leaning Wikipedia defines that as: “The illusory truth effect is the tendency to believe false information to be correct after repeated exposure.” Put bluntly, it is a kind of big lie which when repeated often enough appears to be true but is not reality true.
As NBC News put it in 2018: “Psychologists use the term “gaslighting” to refer to a specific type of manipulation where the manipulator is trying to get someone else (or a group of people) to question their own reality, memory or perceptions. And it’s always a serious problem, according to psychologists.”
The report linked below unpacks the importance of education, which is a key subset of information and communications. The report includes some stark statistics that reflect how differently the Manufactured Housing Institute (MHI) and the Daily Signal handle to the broad topic of monopoly.
As but one of several takeaways from the above linked research and analysis, the problem of monopolization is not just a left-wing or right-wing issue. There are researchers and leaders across the left-center-right spectrum who have decried the problem of monopolization and monopoly power. Some historic references to the issue make it clear that it has been an issue in the U.S. and abroad for centuries.
“The most urgent necessity is, not that the State should teach, but that it should allow education. All monopolies are detestable, but the worst of all is the monopoly of education.”
“Slavery, protection, and monopoly find defenders, not only in those who profit by them, but in those who suffer by them.”
―
Per left-leaning Wikipedia: “Claude-Frédéric Bastiat was a French economist, writer and a prominent member of the French Liberal School.” He was born on “30 June 1801” and died on “24 December 1850.” So, many social, economic, moral and political problems that Bastiat wrote about some 2 centuries ago are issues that still dog humanity in the U.S. and around the world today.
Per BrainyQuote, consider these other quotable quotes on the topic of monopoly. As you read them, the importance of the problem of monopolization should become more apparent.
- Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity. – Nancy Pearcey
- SpaceX has the potential of saving the U.S. government $1 billion a year. We are opposed to creating an entrenched monopoly with no realistic means for anyone to compete. – Elon Musk
- Open platforms encourage innovation. Whenever you have a closed platform, a monopoly on commerce, and all these platform rules, it stifles innovation. – Tim Sweeney
- They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers. – Frederic Bastiat
-
Government is the ultimate monopoly. And monopolies, as any economist will tell you, often breed complacency and a lack of innovation. – Gavin Newsom
- Our public school system is our country’s biggest and most inefficient monopoly, yet it keeps demanding more and more money. – Phyllis Schlafly
- The core of my platform is to change the role of money in politics, support public education and break up monopoly power. All of these are fundamental prerequisites to a responsive democracy. – Zephyr Teachout
- I think competition always produces better results than a monopoly. – Beto O’Rourke
- Potentially, a government is the most dangerous threat to man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims. – Ayn Rand
- Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits. – Peter Thiel
- If you allow for a purely capitalistic society, without any type of regulation at all, you will get one monopoly that will eat all of the smaller fish and own everything, and then you’ll have zero capitalism, zero competition – it would just be one giant company. – Serj Tankian
A list like that could go on for page after page of quotable quotes on an array of problems that have as a common theme the term ‘monopoly.’ Note that Schlafly, for example, is from the political right. By contrast, Gavin Newsom is from the political left. Yet both used the term “monopoly” in a negative connation. The reason is because monopolistic practices are routinely problematic for those who are not aligned with the monopolies in whatever form they may take.
That said, some want monopoly power, even if they say so in a thinly veiled way. As the financial news site, Seeking Alpha, said in an article approaching 8 years ago: “”Warren Buffett likes to buy monopoly-like situations.” (Dec. 28, 2015). From that same article are the following.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price
As it were, these wonderful companies can be seen as a kind of monopolies.”
That article by Seeking Alpha further said the following.
Merriam-Webster defines monopoly as being the:
… complete control of the entire supply of goods or of a service in a certain area or market.
Monopolies are usually frowned upon by authorities because they can theoretically price goods and services with a view toward producing excess profits.
…
Investing in a monopoly is thus a very attractive thing for an investor. Monopolies necessarily tend to make for wonderful businesses. Businesses which are highly protected from competition. Businesses which exhibit pricing power. …”
While that could be viewed as merely and opinion by that Seeking Alpha‘s article by author Paulo Santos, there is evidence for it from Buffett himself.
Pre-Buffett led Berkshire Hathaway’s acquisition of Clayton Homes and their affiliated lending, Clayton Homes was number four (4) among manufactured housing producers. But following that buyout of Clayton, and with the support and coaching of Clayton and their team in the “moat” methods Buffett espouses, Clayton steadily moved up from #4 to becoming the runaway #1 in manufactured housing. What did Democratic lawmakers say about their business practices and lending? Among other things, they called it a “near monopolistic” grip on the industry – and referred the matter to the Justice Department and the Consumer Financial Protection Bureau (CFPB).
MHProNews has systematically covered several topics over the past several years that point to the underlying causes of why manufactured housing is underperforming. Regrettably, MHI and pro-MHI manufactured housing industry trade publications and bloggers routinely downplay, obscure, or ignore these issues. In no particular order of importance are the following.
- There are good existing laws in manufactured housing, as well as in the antitrust (i.e.: think anti-monopoly laws), which are going under-enforced.
- As readers of yesterday’s report on monopoly and information were reminded, too many employees have little or no clue that monopoly power hurts their earning power.
Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$
- There are voices across the political spectrum that may raise the correct issues that are, as attorney Andrew Justus remarked, are ‘holding back‘ manufactured housing. Some sources may at times even aspects of the correct terminology, be it “monopoly” “the Manufactured Housing Improvement Act of 2000,” “enhanced preemption” as a solution to zoning and placement barriers, or the usefulness of the Duty to Serve (DTS) “mandate” to provide more competitive financing for HUD Code manufactured housing. But even if the proper words and ideas are spoken, but then the obvious follow up steps aren’t implemented, then the properly informed professional should explore to see if “paltering,” “posturing,” or other forms of “deception and misdirection” are at work.
Let’s clarify that with an example from a dependable strategic ally and sponsor in this battle against the steady oligopoly style of monopolization of manufactured housing. Namely, MHARR – the Manufactured Housing Association for Regulatory Reform (MHARR).
MHARR has discussed several of the above issues for years. But are they merely posturing or paltering? That is an implied or stated question by MHI backers who want to undermine MHARR’s consistent – as in decades of consistency – efforts of pressuring MHI into doing what MHI claims that they want to accomplish. Several examples are possible, but let’s use just one to illustrate the point.
MHARR leaders believed that during the Trump Administration there was an opportunity to get the MHIA of 2000’s “enhanced preemption” provision fully and properly enforced. But to properly engage on that legally, MHARR needed at least one state association to step up to the plate and work with them to litigate the issue. There have been numerous examples of MHI-linked (MHI calls the state associations ‘MHI affiliates’) saying that they want to see “enhanced preemption” enforced. Yet, per MHARR, not one state association accepted MHARR’s offer to litigate in an area that is supposed to be MHI’s claimed mission arena.
So, since MHARR was essentially turned down by every MHI “affiliated” state association, ex-MHI vice president, MHARR’s founding president and CEO, and now MHARR senior advisor Danny Ghorbani in an interview with MHProNews stated the obvious. Namely, since the MHI linked states won’t work with MHARR to litigate, then MHI is ergo the responsible party for litigation of an issue that would accomplish what MHI themselves claims that they want to see accomplished. Namely, the enforcement of “enhanced preemption” under the MHIA of 2000.
The data can only be denied by those who lack understanding or have an agenda. Manufactured housing could be a key to solving the affordable housing crisis in America, said Bloomberg as 2022 wound down and 2023 loomed. Since that is so, why is it that manufactured housing has been crashing downward for ever month since then?
So, while arguably slippery MHI member and de facto supporter and blogger, George Allen, from time to time appears to try to lump MHI and MHARR into the same bucket or category, it is demonstrably unjust and misleading. Why?
- 1) Because MHARR’s mission is stated and clear. They represent the independent producers of manufactured housing. They are a production trade group.
- 2) But because MHI openly states that they represent “all segments” of the industry, that means that they are a “post-production” trade association as well as a producers trade group. They are an umbrella trade organization, at least posturing that they are doing both, which means that MHI is the de facto ‘post-production’ trade group.
Since MHI has apparently ‘monopolized’ much of the trade association sectors in manufactured housing, see MHI’s own claimed history linked here, then the 21st century outcome has demonstrably been a reduction in sales, production, and shipments. See the report above for details but see the chart below for an ‘at a glance’ demonstration of that claim.
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To expand the view of the 1990s through 2022, the following graphic is useful.
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Manufactured housing is demonstrably underperforming.
But if someone reads primarily from several pro-MHI sources, it may be difficult to find a steady stream of clear reporting that demonstrates the point that manufactured housing is underperforming as measured by production and shipment data. In the case of Allen, he cagily attempts to shift the focus from MHI alone by lumping in MHARR, by name or by implication. From MHI directly, there is a steady diet of short items that project an image that are apparently intended to convey how savvy and impressive MHI is. But if that is so, then why is that some 15 years after the Duty to Serve (DTS) was made law, that MHI has not yet been able to get that law put into effect? Yet MHI admits that DTS is essentially a phantom in the realm of chattel lending on manufactured homes. But MHI don’t admit in their emails or on their website what Tim Williams of 21st Mortgage Corporation said – namely, that he was happy that the DTS pilot project of the GSEs had failed.
Something similar can be said about the MHIA and its so-called “enhanced preemption” provision. MHI claims to want “enhanced preemption” enforced. But if so, then why didn’t MHI, their state association affiliates, team up with MHARR to litigate to get those pro-manufactured home growth laws put into practical effect?
Put bluntly, when the various evidentiary pieces of the puzzle of manufactured housing are known and understood, only a few logical theses appear to be possible. The main two are as follows.
A) If MHI leaders seriously want DTS and enhanced preemption to be enforced, then they are incompetent. But that thesis would make no sense, because these are often educated and successful professionals. So, (A) can quickly be rejected as a plausible explanation for MHI’s failures.
B) MHI corporate and staff leaders say they want DTS and enhanced preemption enforced, but they don’t actually mean it. Is there evidence for that claim? And if so, what would be the motivations for it? The answers are yes, there is evidence. And the evidence lies in part in the MHI-linked community and production sectors.
Several MHI members have said in their own investor relations packages that manufactured housing’s zoning barriers are useful to their investment thesis. Flagship and Equity LifeStyle Properties (ELS), as well as Impact Communities Frank Rolfe and Dave Reynolds have bluntly made statements to that effect. As ELS has put it, because there is “Growing demand” coupled with “almost no new supply” of manufactured home communities it is “a strategic advantage for ELS.” ELS owns MHInsider’s parent company, MHVillage. The late Sam Zell said during an earnings call that they like the oligopoly nature of their business. An oligopoly can be a form of monopolization.
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On the production side, MHI members such as Skyline Champion have admitted that mergers and acquisitions are key elements of their growth strategy. While unstated, manufactured housing industry underperformance facilitates that effort. During downturns, regulatory, or other challenges, smaller firms may exit by selling out to larger ones.
But oddly enough, Skyline Champion have been doing acquisitions while keeping several of their plants idle, even during the post-declared COVID19 pandemic housing boom.
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The thesis by then Knudson Law’s Samuel “Sam” Strommen, complemented by the work of other attorneys, has made it clear that manufactured housing is suffering from within. Yes, there are outside regulatory forces that are headwinds for the industry. But if those regulatory headwinds are not overcome by proper legal action, then the predictable outcome is a scenario like the one that manufactured housing is currently enduring.
Strommen used the M word in his thesis. The Monopolization of Manufactured Housing. Doug Ryan used the M word too. There is ample evidence for the case that manufactured housing ought to be soaring but is instead sliding. It is either incompetence, which isn’t plausible when carefully examined, that explains that, or something else. That other option is a clever scheme – hiding in plain sight – where MHI publicly postures and bemoan the industry’s woes, while failing to do what common sense dictates ought to be done. Namely, sue to get existing laws enforced. MHI sued on the DOE energy rule, after MHARR and MHProNews pushed them publicly for months to do so.
Regulators at the local, state, and federal levels have been de facto tools for manufactured housing consolidators. By creating the illusion of MHI advocating on behalf of “all segments” of the industry, the result is a steady stream of consolidation that has occurred during an affordable housing crisis.
The truth has been hiding in plain sight for years. It is only by obscuring the truth, in part through MHI’s paltering and posturing, and in part by having apparently allied bloggers and trade publishers fail to hold the powers that be properly accountable, that the manufactured home industry’s regulatory hurdles have – in the investment thesis advanced by MHI members as illustrated above – become a devious ‘business model.’ Imagine if the multi-family housing industry sabotaged their own efforts? What if there were no more apartments being built? In short order, the affordable housing crisis would be far worse than it now is. And as a consequence of such a hypothetical ploy, existing apartments may begin to sell for a premium. Those apartments that needed more work may or may not sell for a premium, but they may still be acquired by investors with sufficient capital to turn them around. More homelessness would be but one result. More taxpayer costs would be another, as public officials could be pushed into spending on a problem that properly understood has but one solution, more robust construction!
Fannie Mae’s research is but the latest in a string of research that shows the need for more affordable homes. MHI can hardly duck that, when their current vice chairman, Bill Boor, is on record saying that manufactured housing could catch up with site builders. After this remark, is it any wonder that analyst Greg Palm quizzed Boor on why the industry is underperforming? Or more akin to how Palm put it, why is manufactured housing industry production so weak?
It should be obvious that when giant corporations have the financial resources to sue to enforce existing laws solo, with or without the help of MHI, that something problematic is being practiced. Buffett told Clayton, said Kevin, that he could have whatever financial resources he needed from Berkshire. Are we to think that if the secretary for Berkshire called the White House, HUD, or FHFA (to name but three possible outreaches) asking for existing laws to be properly enforced, that Buffett’s word wouldn’t have significant sway?
The tragedies are scattered from coast to coast as a result of this scheme. Literally thousands of industry firms that were once successful have since vanished. More communities are closing than are opening. Members of the industry are openly teaming up with conventional housing groups, which may benefit the conventional builders, but how has that benefited manufactured housing when measured by production and shipments?
There are several ways to frame these facts. One way is to frame the issue could be to frame them as consequence of the problems caused by monopolization.
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It is MHI member Cavco Industries which recently made the argument that the lack of affordable housing costs the economy $2 trillion dollars a year in lost GDP. They have a point, but it means that there are therefore an array of strong motivations for various sectors of the public, advocates, and legal authorities to properly investigate, expose, and root out this apparent corruption by appropriate legal actions. See the linked and related reports to learn more.
Part III. Daily Business News on MHProNews Markets and Headline News Segment
Headlines from left-of-center CNN Business – from the evening of 7.7.2023
- More power for Meta
- ANALYSIS
- The social media giant’s Twitter rival Threads upends social media in less than 48 hours
- The US economy can’t function smoothly without UPS. That’s why a strike will hurt
- Farmer owes $82,000 in contract dispute over use of a ‘thumbs-up’ emoji, judge says
- Expect more rate hikes from the Fed after the latest jobs report
- The US labor market cooled off in June, adding just 209,000 jobs
- There are more women in the workforce than ever before
- China fines Jack Ma’s Ant Group nearly $1 billion
- Doordash, Grubhub and Uber sue New York City over minimum wage law
- Some investors are shunning Wall Street’s tech frenzy
- President Joe Biden speaks during a stop at a solar manufacturing company that’s part of his “Bidenomics” rollout on Thursday, July 6 in West Columbia, S.C.
- LIVE UPDATES
- Biden hails June jobs report as ‘Bidenomics in action’
- China’s export curbs on raw materials are concerning, Yellen says on Beijing trip
- 4 things making it harder for Janet Yellen to repair the US-China relationship
- Taylor Swift agreed to $100 million deal with FTX before it went bankrupt, but FTX pulled out
- Samsung flags massive drop in quarterly profit as chip glut drags on
- Moderna inks deal to make mRNA medicines in China
- Here’s what Americans say they need to earn to feel rich, or even just financially secure
- Japan’s largest port hit with ransomware attack
- The US private sector added half a million jobs last month. Here’s what that means for Friday’s jobs report
- Twitter threatens to sue Meta after rival app Threads gains traction
- Dow tumbles on red-hot US job market
- Banks are leaving savers shortchanged as interest rates soar
- White House takes steps to avoid damaging auto strike
- Largest federal transportation grant ever awarded to critical NY-NJ tunnel project
Headlines from right-of-center Newsmax 7.7.2023
- Dem Strategist Axelrod: 3rd-Party Run by West May Ensure Trump Tops Biden
- “In 2016, the Green Party played an outsized role in tipping the election to Donald Trump,” said Axelrod, a political consultant, analyst and ex-White House official who was chief strategist for the Obama presidential campaigns. “Now, with Cornel West as their likely nominee, they could easily do it again,” Axelrod wrote. “Risky business.” [Full Story]
- Lewandowski: WH’s Hatch Act Claim ‘Absurd’
- Tim Scott: WH Cocaine Shows Security Issue | video
- Ben Carson: New Alzheimer’s Drug May Prove Effective | video
- Ex-Federal Agents: WH Cocaine ‘Looks Like Drug Deal’ | video
- Matt Taibbi: Govt-Big Tech Injunction ‘Huge Win’ | video
- RFK Jr.: Ruling Against Biden Censorship Will Survive SCOTUS | video
- Giuliani: Secret Service Must Find Coke Culprit or Quit | video
- Ron Johnson: Biden WH, Dems ‘Lawless’ | video
- Tenney: Panel Will Compel Testimony in Hunter Biden Probe | video
- Newsfront
- Tucker Carlson: Don’t Know Why I Was Fired by Fox
- Tucker Carlson says he “doesn’t know” why he was fired by Fox News but that he isn’t angry about it…. [Full Story]
- Ukraine, Sweden Top Biden’s Agenda at NATO Summit
- The White House on Friday said President Joe Biden and fellow NATO [Full Story]
- Capitol Rioter Linked to Proud Boys Gets 5 Years
- A Florida man prosecutors say is affiliated with the Proud Boys [Full Story]
- ‘Radical’ Abortion Push ‘Dangerous’ for Women, Kids
- A push to enshrine abortion rights in Ohio’s state constitution [Full Story] | Platinum Article
- Kansas AG Sues to Stop Trans People From Changing Driver’s Licenses
- The Republican attorney general of Kansas sued Friday to force the [Full Story]
- Ukraine: Making Advances Against Russia in Bakhmut
- Ukraine said Friday its troops had advanced by more than a kilometer [Full Story]
- Related
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- NATO’s Stoltenberg: Gaps Remain for Turkey-Sweden Accession
- NATO Makes Membership Pledge to Ukraine
- Zelenskyy Meeting Turkey’s Erdogan to Push Ukraine NATO Bid
- Kremlin: Watching Zelenskyy, Erdogan Talks Closely
- Axelrod Warns Cornel West Run Could Help Trump Win
- Democrat strategist David Axelrod warned Friday that a third-party [Full Story]
- Drone Responders ‘Beneficial,’ Controversial for Police
- The next time you call 911, the first responding officer may be a [Full Story] | Platinum Article
- US Destroys Last of Its Chemical Weapons, Closing Deadly Chapter Dating to WWI
- At a sprawling military installation in the middle of the rolling [Full Story]
- Walmart Gunman Gets 90 Life Sentences
- A white gunman who killed 23 people in a racist attack on Hispanic [Full Story]
- S&P 500 Ends Slightly Lower as US Jobs Growth Slows
- The S&P 500 ended slightly lower Friday, a day after a sharp [Full Story]
- US Treasury’s COVID Anti-foreclosure Aid Reaches $3.7B
- The U.S. Treasury Department said Friday that state programs using [Full Story]
- Giuliani Should Be Disbarred for Election Claims, D.C. Panel
- A review panel says former New York City Mayor Rudolph Giuliani [Full Story]
- Montana Could Separate From ALA Over ‘Marxist Lesbian’ Pres
- Montana State Library Commissioner Tom Burnett on Thursday suggested [Full Story]
- Officials Probe $1B Land Purchases Near Air Base
- Air Force officials are investigating a series of land acquisitions [Full Story]
- Tesla Signs Pledge to Promote ‘Core Socialist Values’
- Elon Musk’s Tesla, along with Chinese automakers, pledged to [Full Story]
- DOJ: Jack Smith Has Spent Over $9M on Trump Probe
- Special Counsel Jack Smith, the special prosecutor behind the [Full Story]
- Judge Sets July 13 Deadline in Trump’s Documents Case
- A federal judge has given former President Donald Trump’s legal team [Full Story] | video
- Nevada Poll: DeSantis Tops Biden in Possible Matchup
- A Nevada statewide survey published Friday shows Florida Gov. Ron [Full Story]
- Trump Associates Not as Fortunate as Hunter Biden
- Associates of former President Donald Trump were given probation and [Full Story]
- House Republicans Probe BlackRock, Vanguard on ESG
- House Judiciary Chairman Jim Jordan and two other congressmen fired [Full Story]
- Baltimore Police Arrest Teen in Block Party Shooting
- Baltimore police arrested a 17-year-old male on weapons charges on [Full Story]
- Report: DeSantis Touts Helping Iowa After Iowa Said No Need
- GOP presidential hopeful and Florida Gov. Ron DeSantis’ June 5 tweet [Full Story]
- Report: Refugee Office Increased Spending, Lost 100K Kids
- Report: Refugee Office Increased Spending, Lost 100K Kids
- The Office of Refugee Resettlement quadrupled the amount paid to [Full Story]
- House Oversight Wants Briefing on White House Cocaine
- The House Oversight Committee wants a Secret Service briefing on the [Full Story]
- JPMorgan’s Dimon, Staley Urge End to Epstein Lawsuit
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Updated
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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.
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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 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, production, 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 recognition 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.
