The Daily Signal has thoughtfully made available to MHProNews the following exclusive report on regulations and what that publication says is the “hidden tax” and impact of regulations on the average American family caused by Biden era federal policies. The title to their exclusive is: “Here’s How Much Regulations Cost Average American Family—and How Biden Is Making It Worse,” will be Part I of today’s report. Part II will provide additional information with more MHProNews analysis and commentary. Part III is our Daily Business News on MHProNews market report.
The Daily Signal cites the research in the Competitive Enterprise Institute document linked here which opens with the introduction as follows. “The cost of government extends well beyond what Washington taxes. Federal regulations add another $1.939 trillion to Americans’ annual burden. Federal environmental, safety and health, social, and economic interventions grip the economy. Many crisis regulations become permanent regulations, or last far longer than is warranted. The COVID-19 episode was the third major economic shock of the century, after the September 11, 2001, attacks and the 2008 financial crisis.”
Former Secret Service agent, 3-time self-described failed candidate for Congress, investor, author, and popular talk radio pundit Dan Bongino periodically asks the rhetorical question: ‘is it bad enough yet?’ In a recent broadcast, Bongino opined, ‘not yet, but it is getting closer.’ More on Bongino’s views in the context of Part II’s additional facts and analysis.
Part I
ECONOMY | NEWS
EXCLUSIVE: Here’s How Much Regulations Cost Average American Family—and How Biden Is Making It Worse
FIRST ON THE DAILY SIGNAL—Americans expect to pay federal taxes, but the federal government also picks their pockets in more hidden ways, and President Joe Biden is making the problem worse in pursuing his political agenda, according to the Competitive Enterprise Institute.
“American households pay at least $14,000 in hidden regulatory costs every year,” Wayne Crews, the Fred L. Smith fellow in regulatory studies at the institute, says in a new video provided exclusively to The Daily Signal. “Instead of finding ways to cut those costs for Americans, President Biden’s whole-of-government policymaking framework prioritizes political causes like climate change and equity in the regulatory process.”
“At CEI, we believe it is essential to increase transparency and accountability in the rulemaking process, and make sure rulemaking agencies stick to their original mandates,” adds Crews, who lays out three major recommendations in his new report, “Ten Thousand Commandments: A Snapshot of the Federal Regulatory State,” published Wednesday.
“Rules made by federal agencies impose a cost of government that extends well beyond what Washington taxes,” Crews told The Daily Signal. “Federal environmental, safety and health, social, and economic regulations grip the economy, making it needlessly harder and more expensive to run a household or business in this country.”
His analysis—the latest in a series of annual reports—finds that the average American household pays $14,514 annually in a hidden regulatory cost.
“This amount exceeds every item in the household budget, except housing,” notes the report, which The Daily Signal obtained prior to its publication. “A typical American household spends more on embedded regulation than on health care, food, transportation, entertainment, apparel, services, or savings.” That number represents 17% of an average income before taxes ($87,434 in 2022).
Crews calculated the costs of regulation on the entire economy as $1.939 trillion, and found the average cost per household by dividing that gargantuan number by 133.6 million households. (The graph below, included to help make these numbers concrete, shows the regulatory costs in 2020 plotted alongside the costs households paid for other goods and services in 2020.)
While federal law requires an annual estimate of the cost of regulation, the federal government has not met that requirement since 2002, according to the report. While the Office of Management and Budget has estimated some costs and benefits of major rules, the report finds those analyses incomplete because they do not encompass all rulemaking in each year.
Crews’ report uses a baseline of roughly $1.9 trillion for the costs of federal regulation, encompassing compliance costs, economic losses and losses in gross domestic product, social costs, and other costs. The analyst took recent government reports into account to reach the $1.939 trillion figure, although he acknowledged that it represents an estimate “based on a nonscientific, disclaimer-laden, amalgam of GDP losses and compliance costs derived from available official data and other accessible sources.”
The $1.9 trillion represents more than three-fifths the level of corporate pretax profits in 2022 ($3.138 trillion) and a far larger number than estimated corporate tax revenues ($382 billion).
The report notes that while President Donald Trump’s four years “brought unique reversals, such as a reduced flow of new rules and some rollbacks of existing ones”, President Joe Biden reversed those trends. “Unprecedented open-ended deficits now standing at $1.4 trillion annually are expected to top $2 trillion annually by 2030,” Crews writes. The national debt is nearing $34 trillion (at $33.8 trillion now, according to the U.S. Treasury), which Crews notes is “up from almost $20 trillion when Donald Trump assumed office in 2017.”
The report notes that Biden has launched many “whole-of-government interventions,” most notably on climate change and rooting out “inequity from our economy.”
“These efforts have accelerated a long-standing process that is replacing self-determination and limited government with top-down behavioral, social, and civil rights codes,” Crews writes.
Regulations issued by the executive branch far outstrip the number of laws Congress passes each year. During the 2022 calendar year, agencies issued 3,168 rules, while Congress enacted only 247 laws.
While taxes clearly impact Americans’ pocketbooks and appear itemized on pay stubs, “regulatory costs are baked into prices, without separate charges on receipts,” the report notes. “Many regulations have opportunity costs, which are invisible and impossible to calculate. They can affect households directly or indirectly, such as when businesses will pass some regulatory costs on to consumers, just as they do the corporate tax.”
The report suggests a wide range of reforms to check the growth of regulation. It urges Congress to require congressional approval of significant or controversial agency rules before they become binding. It urges Congress to require annual regulatory transparency report cards and legislation requiring the automatic sunsetting of regulations. It urges Congress to pass a law preventing presidents from using “emergency declarations” to impose permanent government controls. It also urges Congress to identify which federal agencies do more harm than good and to eliminate them or shrink their budgets. It also urges Congress to set up a regulation-reduction commission to identify unneeded regulations to eliminate.
“Congress should start preparing now for substantial reforms to wrangle regulations back under control and put Congress back in charge,” Crews told The Daily Signal. ##
Part II – Additional Information with More MHProNews Analysis and Commentary
The Competitive Enterprise Institute document linked here says as part of its introduction: “When the U.S. federal administrative state began its march over a century ago, few imagined the tangle of hundreds of thousands of rules and guidance documents it would produce, and the way those would envelop society. Donald Trump’s four years brought unique reversals, such as a reduced flow of new rules and some rollbacks of existing ones. Attempts were made to streamline internal departmental and agency processes and speed regulatory approvals for private activities.
Unfortunately, as detailed extensively in the 2021 edition of Ten Thousand Commandments, the liberalizations ended with the inauguration of President Joe Biden. He declared the Trump agenda consisted of “harmful policies and directives that threaten to frustrate the Federal Government’s ability to confront … problems.” 3 Biden initiated a progressive “modernization” of the regulatory review process. 4 He even reoriented the Office of Management and Budget away from regulatory supervision and restraint and toward the promotion of regulatory initiatives.5″
MHProNews has periodically for years has pointed the finger at the ‘hidden’ costs of regulations. For an example from housing, MHProNews asked Bing AI the following questions.
> “What is the regulatory cost on housing?”
I’m happy to help! According to a study by the National Association of Home Builders, regulations imposed by all levels of government account for $93,870 or 23.8% of the current average sales price ($397,300) of a new single-family home 123. Of the $93,870 figure, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction 123.
I hope that helps!
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> “What is the cost of regulations on manufactured housing?”
According to the National Multifamily Housing Council and the National Association of Home Builders, regulation imposed by all levels of government accounts for an average of 40.6% of multifamily development costs 1. However, I could not find any specific information on the cost of regulations on manufactured housing.
Is there anything else I can help you with?
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In response to the follow up question shown, Bing AI said in part the following.
> “So, the National Association of Home Builders, and the National Multifamily Housing Council have created estimates for the impact of regulations on their industries, but you can’t find any such data from the Manufactured Housing Institute?”
…I was unable to find any specific information on the cost of regulations on manufactured housing from the Manufactured Housing Institute. However, according to the MHI website, manufactured homes must be built to the HUD code, a single uniform regulatory framework for home design and construction, including standards for health, safety, energy efficiency, and durability…”
MHProNews leadership began to recognize the problems at MHI while the parent company to MHProNews was an MHI member for some 7 years. Note that some of MHI’s commissioned 21st century research has gone unused, as is exemplified by the Roper Report. Other research commissioned by MHProNews has been demonstrably flawed, as is exemplified by the example of MHI’s Crossmod program, which the organization has been pushing despite the fact that MHI essentially admitted in a document obtained by MHProNews that it was failing.
What the CEI report does is paint part of the bigger picture of how regulations are throttling American innovation and productivity. The CEI report and the Daily Signal have pointed the finger at the Biden regime for causing an increased burden on every household, even though perhaps the majority of Americans are unaware of how the regulatory regime impacts them. But that regulations impact housing, it is not only does the NAHB, the National Multifamily Housing Council (NMHC), and the Manufactured Housing Association for Regulatory Reform (MHARR) all point to regulatory costs and failures. HUD itself has admitted that regulations in the form of zoning are near the root of the affordable housing crisis problem.
“The regulatory environment — federal, state, and local — that contributes to the extensive mismatch between supply and need has worsened over time. Federally sponsored commissions, task forces, and councils under both Democratic and Republican administrations have examined the effects of land use regulations on affordable housing for more than 50 years. Numerous studies find land use regulations that limit the number of new units that can be built or impose significant costs on development through fees and long approval processes drive up housing costs. Research indicates higher housing costs also drive up program costs for federal assistance, reducing the funds available to serve additional households.” So said HUD’s Pamela Blumenthal and Regina Gray in a report previously spotlighting by MHLivingNews and MHProNews that discusses “the impact of regulatory barriers on housing affordability.”
MHProNews also published a follow up on the above authored by HUD’s Regina Gray that goes into more detail about the manufactured housing aspects of the issues.
“Pamela Blumenthal and Regina Gray have done research for HUD on zoning regulations that impact manufactured housing. Who in the manufactured housing industry have published reports or commentaries on their research?”
Bing AI said in part the following. Note that all of the questions put to Bing AI were using the balanced or ‘blue’ setting and were performed on 12.2.2023.
…Regarding your question about Pamela Blumenthal and Regina Gray’s research, I found a report by MHProNews that discusses their research and analysis on manufactured housing regulations 345. The report also mentions that the Manufactured Housing Institute has not commented on the HUD report entitled “Expanding Housing Choice Through Investments in Innovation and Technology” 3.
I hope that helps! Let me know if you have any other questions.
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> “Besides Manufactured Home Living News, Manufactured Home Pro News, and the Manufactured Housing Association for Regulatory Reform (MHARR) doing reports on regulatory issues and their harmful costs, hasn’t Cavco Industries also pointed out the fact that the lack of affordable manufactured housing is costing the U.S. economy some $2 trillion dollars annually in lost GDP?”
I found a report by Manufactured Home Living News, Manufactured Home Pro News, and the Manufactured Housing Association for Regulatory Reform (MHARR) that discuss regulatory issues and their harmful costs 123. However, I could not find any specific information on Cavco Industries pointing out the fact that the lack of affordable manufactured housing is costing the U.S. economy some $2 trillion dollars annually in lost GDP.
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>Pardon me, Bing, but you seem to have missed this item in your response above. https://www.manufacturedhomepronews.com/manufactured-housing-institute-mhi-claims-contradicted-by-cavco-industries-ir-statements-shortage-of-affordable-housing-costs-economy-2trillion-annually-plus-mhville-markets-upd and here https://www.manufacturedhomelivingnews.com/research-by-4-attorneys-2-analysts-manufactured-home-industry-and-manufactured-housing-institute-performance-spotlight-plus-the-quisling-factor/ That said, can you find any other sources in manufactured housing that point to Cavco’s investor relations information that asserts that the lack of affordable housing is costing the U.S. economy about $2 trillion dollars annually?”
I apologize for the confusion earlier. Thank you for bringing this to my attention. I found a report by Manufactured Home Living News and Manufactured Home Pro News that discuss Cavco Industries’ investor relations information and its claim that the lack of affordable housing is costing the U.S. economy about $2 trillion dollars annually 12.
I hope that helps! Let me know if you have any other questions.
“Bing, thanks, that’s helpful but it still doesn’t answer the specific question: besides Manufactured Home Living News and Manufactured Home News, can you find any other sources in manufactured housing that point to Cavco’s investor relations information that asserts that the lack of affordable housing is costing the U.S. economy about $2 trillion dollars annually?”
I apologize for the confusion earlier. Thank you for bringing this to my attention. I found a report by Manufactured Home Living News and Manufactured Home Pro News that discuss Cavco Industries’ investor relations information and its claim that the lack of affordable housing is costing the U.S. economy about $2 trillion dollars annually 12.
I could not find any other sources in manufactured housing that point to Cavco’s investor relations information that asserts that the lack of affordable housing is costing the U.S. economy about $2 trillion dollars annually.
Is there anything else I can help you with?
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MHARR puts the importance of “regulatory reform” front and center, starting with its name. MHARR further stresses the importance of regulatory reform in its tag line: “Preserving the American Dream of Home Ownership Through Regulatory Reform.” MHARR hammers away at failures by regulators, and failures by MHI to seek enforcement of good existing laws by whatever legal means are available so that potentially useful laws that Congress passed that could help grow the manufactured housing industry are properly implemented.
In fairness, MHI also periodically makes similar remarks to those made by MHARR. Indeed, MHProNews has noted in our reports and analysis that MHARR in regulatory comment letters may file their comments before MHI does, and that MHI’s subsequent comments on the same issue has at various times seemed to mirror what MHARR has said, though MHI certainly takes their discussion of the issues at hand in different directions too.
In the realm of regulatory impact, MHLivingNews, for instance, gave headline and featured image credit to now MHI Chairman William “Bill” Boor’s comments to Congress on the failure of HUD to routinely press the “enhanced preemption” provision of federal law. The Manufactured Housing Improvement Act of 2000 (MHIA, or what MHARR sometimes refers to as the 2000 Reform Law) will soon turn 23.
As MHARR’s Mark Weiss, J.D., recently remarked in an “Issues and Perspective” entitled “What’s in a Name? Everything.” Words have meaning, especially when it comes to laws and law enforcement. Weiss as an attorney grasps the importance of words and their meaning well. But it isn’t as if MHARR is the only trade association with an attorney or legal counsel. Yet the failure of MHI to use their legal resources to force the enforcement of federal law has been documented by MHProNews several times, in part by using Bing AI.
After a glitch in its first reply (Bing AI didn’t answer the specific question, but pointed instead to the DOE litigation referenced below), the following follow up inquiry was asked.
> “Bing, my question wasn’t on the Department of Energy case, but rather if the Manufactured Housing Institute and/or their state association affiliates have filed suit to get the “enhanced preemption” provision of the Manufactured Housing Improvement Act of 2000 federal law enforced?”
I found a report by Manufactured Home Living News and Manufactured Home Pro News that discuss Cavco Industries’ investor relations information and its claim that the lack of affordable housing is costing the U.S. economy about $2 trillion dollars annually 12.
Regarding your question, I found a report by MHARR that discusses the importance of federal preemption in the manufactured housing industry and the need for its enforcement 3. The report also mentions that the Manufactured Housing Institute and the Texas Manufactured Housing Association have filed a lawsuit against the United States Department of Energy and Jennifer Granholm to stay the implementation of the DOE final rule for manufactured housing “energy” standards 124.
I could not find any specific information on the Manufactured Housing Institute and/or their state association affiliates filing suit to get the “enhanced preemption” provision of the Manufactured Housing Improvement Act of 2000 federal law enforced.
Is there anything else I can help you with?
The DOE suit is an example of the complex web of purported treachery by MHI and its leaders. One might say that beyond “Regulatory Reform,” MHARR exists in part to keep MHI more honest. Independent producers of HUD Code manufactured homes pay MHARR to advocate on their behalf, and in turn MHARR often hits the theme that MHI is failing in its claims to its own members. If MHARR were alone in that notion, perhaps it would be easier to dismiss their concerns. But MHI’s own leaders and members have at various times demonstrated or remarked in ways that support MHARR’s contentions. See the examples linked below.
Let’s Review Some Facts
> “What date was the Manufactured Housing Improvement Act signed into law and was it a bipartisan effort?”
The Manufactured Housing Improvement Act was signed into law on December 27, 2000123. The bill was introduced by Senator Connie Mack (R-FL) and co-sponsored by Senators Kit Bond (R-MO), John Breaux (D-LA), and Harry Reid (D-NV) 1. The bill passed the Senate on October 13, 2000, by unanimous consent and passed the House of Representatives on December 15, 2000, by a vote of 375-34 14.
I hope that helps! Let me know if you have any other questions.
The above information reflects a point that MHLivingNews and MHProNews has often made. Namely, that the MHIA was “widely bipartisan.” Yet, despite the fact that both major parties – Democrats and Republicans – and a Democratic President William Jefferson “Bill” Clinton signed the legislation into effect, a key provision of the law has nevertheless been thwarted for nearly 23 years.
That is a tragic example of regulatory failure that per the logic of Cavco is costing the U.S. economy some $2 trillion dollars annually. To personalize that number
“Bing, according to the U.S. Census Bureau, there were some 334,233,854 Americans on 1.1.2023. Statista says there are an average of 2.5 persons per household in the U.S. Cavco has estimated that the cost to the U.S. economy for the lack of affordable housing, including the lack of manufactured housing, costs the U.S. economy some $2 trillion dollars per year. So, what is the cost per person and per household annually for that failure to provide full access to affordable housing including manufactured homes?”
According to a report by Cavco Industries, the lack of affordable housing, including the lack of manufactured housing, costs the U.S. economy some $2 trillion dollars per year 12.
If we divide the estimated cost of $2 trillion dollars by the U.S. population of 334,233,854 as of January 1, 2023, we can estimate that the cost per person is approximately $5,986.23.
If we divide the estimated cost of $2 trillion dollars by the number of households in the U.S. (334,233,854 / 2.5), we can estimate that the cost per household is approximately $14,965.58.
I hope that helps! Let me know if you have any other questions.
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Per the Daily Signal, which cited CEI’s research published and linked above, “the average American household pays $14,514 annually.”
- Per Bing AI, “the lack of affordable housing, including the lack of manufactured housing” has an estimated “cost per household is approximately $14,965.58.” Per Google’s math function: “$14,514+$14,965.58 = $29,479.58”
- So, the lack of affordable manufactured housing and the problems associated with regulations are costing the typical American household some $29,479.58.
To be clear, there could be some overlap in these ‘back of the napkin’ style calculations. That noted, they nevertheless indicate the high cost to the typical American of failure to properly enforce federal law, and/or to over-regulate.
Yesterday’s report pointed to research that asserts that claimed with evidence that failure to properly enforce border and immigration laws costs the nation some $451 billion annually. For those paying close attention,
After a couple of incomplete answers from Bing AI, MHProNews provided that system with the following inquiry.
> “Pardon me, Bing, but you may need to drink some coffee. I gave you the information needed to do the math. But to your point about the CIS study, you can find it linked here: https://www.manufacturedhomepronews.com/exploitation-narrative-and-homeland-security-report-on-what-illegal-immigration-costs-u-s-taxpayers-hundreds-of-billions-annually-facts-analysis-and-housing-impact-plus-mhmarkets/ Then, according to th U.S. Census Bureau, there were some 334,233,854 Americans on 1.1.2023. Statista says there are an average of 2.5 persons per household. According to The Center for Immigration Studies (CIS) released figures released in May 2023, the cost total cost of illegal immigration is about $451 billion. What would that cost be per person and per U.S. household?”
I apologize for the confusion earlier. Thank you for providing me with the necessary information to calculate the cost of illegal immigration per person and per U.S. household.
According to the information you provided, the total cost of illegal immigration is about $451 billion1.
If we divide the total cost of $451 billion by the U.S. population of 334,233,854 as of January 1, 2023, we can estimate that the cost per person is approximately $1,349.83.
If we divide the total cost of $451 billion by the number of households in the U.S. (334,233,854 / 2.5), we can estimate that the cost per household is approximately $5,674.28.
I hope that helps! Let me know if you have any other questions.
- Per Bing AI, “the lack of affordable housing, including the lack of manufactured housing” has an estimated “cost per household is approximately $14,965.58.” Per Google’s math function: “$14,514+$14,965.58 = $29,479.58”
- So, the lack of affordable manufactured housing and the problems associated with regulations are costing the typical American household some $29,479.58.
- Bing AI said: “we can estimate that the cost per person [for illegal immigration] is approximately $1,349.83.” and “we can estimate that the cost per household is approximately $5,674.28.” So the new total, using Google’s math function is: “$5,674.28 + $29,479.58 = $35,153.86”
WiseVoter says that for 2023: “The average median household income in the United States was $67,521.” For the vast majority of U.S. households, that extra $35,153.86 could mean almost 50 percent more income.
But there is still more that could be added to this picture. Per the Biden White House Fact Sheet on Competition on July 9, 2021: “In total, higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.”
So, the new subtotal of those four harmful impacts on the ‘average’ U.S. families would be about $40,153.86. That’s just a fraction shy of a potential 60 percent boost in income per home ($40,153.86/$67,521 =0.594686986).
With that foundation, let’s return to Dan Bongino’s point. HappyScribe cited these remarks from Bongino on 11.23.2023 “Is it getting bad enough yet?…That they’ll vote Democrats out in New York City? Let me answer that for you. I’ll give you my opinion…Hell, no. It’s not bad enough yet, but it’s getting there.” In an appeal to black voters to abandon Democrats, Bongino has said on 12.1.2023 that “Republicans suck” “but Democrats suck even more.”
The Republicans may not be the solution to your problems, but the CAUSE of your problems is most definitely the democrats. #Fact
— Dan Bongino (@dbongino) May 11, 2022
The Republicans may not be the solution to your problems, but the CAUSE of your problems is most definitely the democrats. #Fact
— Dan Bongino (@dbongino) May 11, 2022
Dan Bongino: “How are liberals so freakin stupid? How do you keep falling for this stuff? I’m not even asking you to vote Republican.. ..I’m just asking you why the hell are you voting Democrat.”
Watch the full show on Rumble ⬇️https://t.co/J8CeB9tSUd#Politics #Clips pic.twitter.com/lEY8foCf03
— FreedomvilleUSA (@Freedomville_) December 1, 2023
Bongino may be over the top in insulting all liberals, but his point quoted for emphasis is interesting. “I’m not even asking you to vote Republican…I’m just asking you why the hell are you voting Democrat.”
MHProNews has been using left-leaning sources for years to demonstrate that leftist policies are harming the American people in general. One in depth example is linked below. It isn’t that everything that liberals or leftists say is wrong. That is an exaggeration at best. There are some things that people on the left have said that are true. The sad reality, once properly understood, is that there is far more paltering today than in decades past. People in business and politics often use half-truths, or paltering. Left-leaning Wikipedia aptly said: “Paltering is the active use of selective truthful statements to mislead.” It is often what is NOT said that makes a “selective truth” deceptive.
Take come charismatic figure that gets people motivated. Have that charismatic personability start spewing deceptive and misleading half-truths that benefits the agenda of the insiders in a rigged system.
Bongino doesn’t hide his support for deposed President Donald J. Trump. But he also says, don’t fall in love with any politician. He says politicians are tools, a means to an end. Bongino states that people chose the lesser of two evils all the time. We know what the result of Joe Biden in the White House has been. It has been financially poor for the American people. By contrast, life was getting better under Trump. Even left-leaning CNN, and periodically anti-Trump Fox produced graphics that demonstrated how much better life was for the typical American under Trump than under Bush, Obama, or now Biden. Regulatory reforms – as CIS and the Daily Signal reported above – was part of that picture.
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below the graphic below or click the image and follow the prompts.
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But it isn’t just Bongino who says that Democrats suck. Lifelong Democrat Robert F. Kennedy Jr recently bolted from his party because, he said, the Democratic National Committee (DNC) had rigged the primaries in Biden’s favor. If so, how is that democratic?
Or consider what Naomi Wolf had to say about the current state of affairs in the U.S. It is clear that she regrets her vote for Joe Biden.
Are things bad enough yet where large numbers of Democrats will vote for someone besides a Democratic candidate in 2024? Perhaps. It has happened at various times and places in U.S. history before. That means it can happen again.
What makes Trump interesting to political independents and often frustrated Republicans or Democrats is that he is proven his ability to slam Republicans, not just Democrats. Trump is pragmatic. Stating the obvious, he’s a businessman. Trump slammed not only George W. Bush, but others in the Bush family. Trump slams Mitch McConnell, the Senate Minority leader. Trump has taken shots at Republicans who are part of the ‘swamp’ that is Washington, D.C. and the ‘rigged system.’
“The system is rigged. It’s rigged against the little guy. We’re competing against a rigged system. It’s crooked. It’s a rigged system. And we’re going to beat the rigged system. We’re going to beat the rigged system.” 1”
According to CNN: “This is a rigged system. This is a sick system from the inside. And, you know, there’s no country like our country, but we have a lot of sickness in some of our institutions, and we’re working very hard. We’ve got a lot of them straightened out, but we do have – we really do – a rigged system in this country, and we have to change it. Terrible. Terrible,” Trump said.
Also from CNN: “Any Hispanics here, any Hispanics?” Trump said near the beginning of his speech. “Remember they weren’t going to vote for me, because I’m going to build the wall? But they want the wall, too, because they want security.”
He also pointed out supporters with “blacks for Trump” signs.
“Look at these guys, blacks for Trump,” he said. “I love you. I love you. I love you. By the way, now that you bring it up, black home ownership just hit the highest level it’s ever been in the history of our country. Congratulations.” That was on December 8, 2017, during his presidency.
It should be obvious now that the concerns raised by MHProNews about a possible Biden presidency have come to pass. Mocking Biden for slurred speech, or forgetfulness isn’t the point. The point ought to be bad policies which are harmful to tens of millions of people who voted for him. There are several voices on the right that expect Biden to bow out before he is actually given the Democratic nomination. In such a scenario, Governor Gavin Newsome (CA-D), Michelle Obama (D), Biden’s VP Kamala Harris (D), and former senator and secretary of state for Obama-Biden, Hillary Clinton (D), are the most common names mentioned for parachuting in a replacement. But if so, to Robert F. Kennedy Jr.’s point, how is that democratic to essentially take the ability of Democratic voters to have a real say in ‘their’ party’s nominee?
But the point ought to be that the Democratic party hasn’t been the party of the working class and minority groups as much as it has been the party of the donor class and big business. To illustrate, MHProNews asked Bing AI a question on the topic. What it produced was apparently outdated left-leaning talking points. But having some knowledge of the subject, MHProNews hit Bing AI with this follow up question.
> “Pardon me, Bing, but I think you are looking at some incorrect or dated information. Per Open Secrets: “The 2020 election saw more than $1 billion in dark money driven by an explosion of secret donations boosting Democrats.” In the 2022 cycle Reuters reported: “Most of top donors this cycle are the same people who have topped political contribution lists in past years, with a few exceptions, including cryptocurrency billionaire Sam Bankman-Fried, who has emerged as a major Democrat supporter.” “Financier George Soros was the top individual donor, spending more than $128 million to support Democratic campaigns according to OpenSecrets. A spokesperson for Soros said $125 million went to a super PAC set up as a contributions vehicle meant to last over several cycles.” Left-leaning Newsweek said: “Democrats Being Party of the Rich Could Cost Them 2024.” That Jun 14, 2023 Newsweek article said: “A growing body of research shows wealthier Americans flocking to the Democratic Party. The working class, meanwhile, has been forgotten.” That said, please clarify your prior response.”
Thank you for bringing this to my attention. You are correct that the information I provided was outdated. According to OpenSecrets, the 2020 election saw more than $1 billion in dark money driven by an explosion of secret donations boosting Democrats 1. In the 2022 cycle, most of the top donors are the same people who have topped political contribution lists in past years, with a few exceptions, including cryptocurrency billionaire Sam Bankman-Fried, who has emerged as a major Democrat supporter 2. Financier George Soros was the top individual donor, spending more than $128 million to support Democratic campaigns according to OpenSecrets 1. A spokesperson for Soros said $125 million went to a super PAC set up as a contributions vehicle meant to last over several cycles 1.
Left-leaning Newsweek reported that a growing body of research shows wealthier Americans flocking to the Democratic Party, while the working class has been forgotten 3.
I hope this helps clarify my previous response. Please let me know if you have any further questions.
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But that Newsweek remark isn’t exactly correct either. Because Trump has been championing the notion of making the Republican Party into a party for the working class, middle class, retirees, and others. He has taken a ‘populist’ stance to a range of issues that to various degrees he began to implement in his time in office from inauguration day in January 2017 to January 2021.
The View from Politically Independent MHProNews
Longtime Democrat Naomi Wolf had a keen point. Feeling hopeless isn’t a good answer. Doing nothing or not voting isn’t a good answer. The power-grab by the left can’t be wished away or ignored. There is an array of evidence that supports those notions. As award-winning left-leaning Glenn Greenwald put it, it isn’t as much ‘left vs. right’ as it is anti-establishment vs. pro-establishment.
What did Warren Buffett infamously say about the wealthy and the rich? Note carefully who is giving Buffett a medal? 44th President, Barack Obama (D).
Bongino has a good point when he says that Democratic policies are the source of many woes in America.
Politics has long been an often-treacherous business in the U.S. While Bongino’s ripping of all liberals may be over the top, when a liberal supports Democrats, Bongino’s argument has several demonstrably accurate points. It is different, but similar to the notions espoused by pundit Chris Plante, a former Democrat and former longtime (17 year) CNN reporter. Plante can rant about Democrats and their history of racism, their failed big government policies, and how Democrats have undermined minorities and others in the U.S. for decades. While Republicans aren’t perfect, Plante and others point to a history of reforms and efforts that date back to Abraham Lincoln (R) and freeing black slaves.
But in fairness, Bing AI has a point when it says that the wealthy’s donations can be complex. True enough. There are times when the rich are trying to buy the votes of both major parties. Thus, Greenwald’s contention that it isn’t simply left vs. right. It has to be anti-establishment, which is perhaps defined by those who like Buffett have come to dominate U.S. politics through donations, lobbying, and capital. MHProNews reported on the role played in the 2020 election by the so-called Civic Alliance, which was largely left-leaning corporate interests that supported Joe Biden over Donald Trump.
From Scandanavia, African born-author Hanne Herland has documented these issues in her latest book on the billionaire class. Herland has called it “robbery capitalism” and she has shown the ties between communists, Marxists, socialists and the wealthy in the U.S., Europe, and beyond.
A coalition of generally right-leaning organizations has been preparing for 2025, the year that they say a new (hopefully genuinely conservative) president takes over the White House. Because of the problems with the regulatory state, they have formed Project 2025.
Trump has signaled several times, in quotes like those shown, and by others like the one below, that he understands the nature of the problems besetting Washington, D.C.
Trump supporters by and large don’t think that the man is some saint. They know better. But they also realize that ‘mean tweets’ are hardly a good enough reason to vote for Democrats. Nor are ‘mean tweets’ a good reason to vote for Republicans like former ambassador and South Carolina Governor Nikki Haley (R), who is obviously getting some support from people like the libertarian Koch family interests. They Koch’s have long been known for pro-immigration policies.
Whoever becomes the Democratic nominee is likely to be the latest tool for the wealthy elites to pretend that they care about the working or middle class while inflation harms those groups. Meanwhile, the rich get richer. Democrats that are tired of Biden and other sellouts to big media, big corporate, and big philanthro-feudalism/philanthro-capitalism interests should look to independent Kennedy, if they can’t find their way to voting for Donald J. Trump. Kennedy is a leftist, but he at least says he will reign in the rising feudalistic and corrupt relationship between big business and big government.
So long as Trump is alive, well, and kicking, he merits the support of America First or “MAGA” Republicans. Life was demonstrably better under Trump. He was working to keep his campaign promises.
While Trump wasn’t perfect on manufactured housing issues, he did take some positive steps and may have taken more had he won four more years in 2020. As Skyline Champion, a larger MHI member, put it in their recent IR November 2023 pitch: “The Dodd-Frank Reform bill signed by President Trump in May 2018 includes several provisions that make it easier for retail customers to buy manufactured homes.” “Executive order signed in June 2019 focused on alleviating regulatory barriers that impede the production of affordable housing.”
The case can be made that several MHI was subtly anti-Trump and pro-Biden. But regardless, MHI has demonstrably failed manufactured housing for over 2 decades.
The nature of trade groups is the need to be nonpartisan or seek bipartisanship when possible. MHProNews observers that MHARR follows that dictum. They see certain benefits possible (at least in theory) from Democrats or Republicans. That noted, they certainly called out MHI for foot dragging and running out the clock on the Trump Administration.
Said MHARR’s Mark Weiss in June 2020:
“The latest issue of the quarterly publication of HUD’s Office of Policy Development and Research (PD&R) – called “Evidence Matters” — has been released to great fanfare by the Manufactured Housing Institute (MHI).”
“…PD&R totally ignores the potent statutory remedy that the law already provides HUD to deal with this issue – the enhanced federal preemption of the Manufactured Housing Improvement Act of 2000.
Ultimately, all of this is a distraction and diversion. HUD knows that exclusionary zoning is a major problem for the manufactured homes that it regulates. It also knows that it – HUD — has the statutory authority to preempt those exclusionary edicts. But it prefers (for now) to simply sidestep the problem and its extremely negative impacts.
Nor does PD&R make any real attempt to deal with the second major national issue that has needlessly suppressed the manufactured housing market and the availability of affordable manufactured homes for American consumers – the discriminatory lack of any meaningful federal support for manufactured home consumer financing.”
“As a result, while any significant action on President Trump’s signature issues, federal regulatory reform and ensuring the availability of affordable housing for American families, continues to go nowhere at HUD’s Office of Manufactured Housing Programs (OMHP) with just months now remaining before the conclusion of the President’s current term, this swing and miss by PD&R is more evidence that HUD, with the express support of MHI and the industry’s largest corporate conglomerates — and with time running out — is focused more on “PR” (i.e., public relations) than real reform that would benefit consumers and the industry’s thousands of smaller, independent businesses.”
Weiss all but said that MHI was running out the clock on the Trump Administration more than once. Said Weiss: “Indeed, the only truly significant on-the-ground progress that has occurred within OMHP since President Trump took office in 2017, was the removal and re-assignment of former program administrator Pamela Danner, which MHARR – and only MHARR – pursued, as reported by the Washington Post.”
“The industry does not need lip service from HUD, its federal regulator. While the industry and its businesses can appreciate the words of support that have emanated from HUD and from HUD Secretary Ben Carson, and the positive exposure that federally-regulated manufactured homes have received through various HUD events, what the industry and its consumers really need is action – action to fully and properly implement all remaining reforms of the Manufactured Housing Improvement Act of 2000 (including zoning preemption and an appointed non-career program administrator, among other things); action to eliminate unnecessary and unduly burdensome standards, regulations and sub-regulatory “guidance” in accordance with all of President Trump’s regulatory reform Executive Orders and policies; and the full, market-significant implementation – right now — of the DTS mandate, including support for manufactured housing personal property loans.”
“And with President Trump in office, the industry has (and has had) perhaps its best opportunity ever to bring about the kind of genuine reform within OMHP that is so badly needed in order to propel an industry renaissance and revitalization.”
“It is commendable then, that PD&R chose to focus on factory-built housing in its latest publication. But that cannot be and must not become a substitute for concrete action by HUD on the major issues that have suppressed industry growth for far too long.”
“Put simply, the time for posturing and displays is over and the time for specific, significant action is slowly running out,” concluded Weiss.
MHARR’s leaders have carefully tried to balance factually accurate statements and efforts with the obviously difficult reality that MHI has de facto been fighting them, for the apparent sake of industry consolidation, every step of the way. Posturing, paltering, deception and misdirection are manipulators tools.
MHI has betrayed manufactured housing independents and consumers for perhaps close to two decades.
Be it accident and/or design, the outcome has been consolidation.
Despite the happy talk by the Biden regime about how consolidation harms consumers, more of it continues to occur, including in manufactured housing.
Part of the scam is how regulations can be manipulated by the well connected.
The time for happy talk and head fakes is long over. Republicans can be tools for the well connected, but as Bongino, Plante, and others have aptly noted — the root causes of numbers of issues in the U.S. can be directly traced to Democratic policies that are being implemented that benefit the donor class or what Greenwald called “the establishment.”
The time to support Trump and those in the GOP who want to support Trump is now. Trump and others in that orbit are preparing for an overhaul of the federal system, as Project 2025 envisions. Don Jr. told MHProNews that antitrust efforts are the #2 or #3 most important topics facing Americans.
Nothing this big changes overnight. But Trump demonstrated in his first four years that even with stiff opposition, much can be accomplished. With so much of the corruption in Washington, D.C. with big business interests, Democrats and RINOs now exposed, this may be the best opportunity in a generation to truly reform the corrupted system.
Is it bad enough yet? Time will tell. But for those ready to escape the pain and do more than just moan about it, or seek to escape it with drinking, drugs, or other forms of escapism, the time to fight back against the dystopian nightmare is arguably now.
Said Bing AI:
Here are some more quotes from Donald Trump where he talks about the system being rigged:
- “The system is rigged. It’s crooked.” 1
- “The system is rigged. It’s corrupt.” 2
- “The system is rigged. It’s broken.” 3
- “The system is rigged. It’s a sham.” 4
I hope this helps!”
We hope it helps too. Thanks to all who have made November 2023 another strong month in a strong year for rising numbers of readers with strong engagement here on MHProNews. The new data for the month is just days away. Stay tuned.
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 morning of 12.2.2023
- Amazon taps SpaceX for satellite launch even though Jeff Bezos is right there
- ‘Broken window’ stickers for Tesla Cybertruck quickly sell out
- A worker collects shopping carts from the parking lot of a Walmart store on May 18, 2023 in Chicago, Illinois.
- Walmart is the latest advertiser to pull ads from Elon Musk’s X
- Fed Chair Powell: Too early to say when to expect rate cuts
- A rendering image of Yara Eyde, a cargo ship that will use only clean sources of ammonia from 2026.
- The world may be close to getting its first cargo ship that emits almost no carbon dioxide
- De Soi and other non-alcoholic drinks are coming to Target.
- Target is taking booze-less spirits mainstream
- Senate committee investigating Florida’s state-backed home insurance company as private insurers flee
- General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018.
- OPEC+ members agree to significant voluntary oil production cuts
- Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City.
- The 2023 stock rally is back on track
- A laptop keyboard and ChatGPT website displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on August 2, 2023.
- An open letter to ChatGPT on its first birthday
- US fines PwC $7 million for allowing cheating in audit exams in China
- More executives go missing in China — this time linked to troubled shadow bank Zhongzhi
- ‘Pay any price.’ Alibaba’s Jack Ma urges reform as rival rattles e-commerce giant
- Cristiano Ronaldo faces $1 billion class-action lawsuit for endorsing worthless NFTs
- Tesla’s Cybertruck hits the market with a higher price tag and plenty of challenges
- Judge blocks Montana’s TikTok ban from taking effect on January 1
- Judge dismisses Indiana state’s lawsuit against TikTok over child safety concerns
- Dow gains 520 points as US stocks notch their best month this year
- Nelson Peltz renews proxy fight against Disney
- The NBA has ‘hideous’ new courts. People are tuning in to watch
- Federal safety regulators propose major redesign of baby loungers
- The world’s richest man remains desperate for our attention
- Meta sues FTC to block tough new restrictions on kids’ data
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Headlines from right-of-center Newsmax 12.2.2023
- US Appeals Court Says Texas Must Remove Rio Grande Buoys
- A federal appeals court ruled Friday that Texas must take down its buoy barrier in the Rio Grande, citing threats to navigation and human life. It’s a win for the Biden administration and a setback for Texas, which has maintained it must take unilateral action to stem the flow of illegals in the absence of a coherent immigration plan from the White House. [Full Story]
- Israel at War
- IDF’s Conricus to Newsmax: Listening to Allies on Civilians
- Schwarzenegger Lends Support to Families of Israeli Hostages
- Gaza Fighting Stretches Into 2nd Day After Truce Ends
- Palestinian Groups to Meta: Address Content Moderation
- Protester Self-immolates Outside Israeli Consulate in Atlanta
- Blinken Sees Goals Largely Unfulfilled in Mideast Trip
- Who Are the Hostages Still in Besieged Strip?
- Israel Plans to Hunt Down and Kill Hamas Leaders Postwar
- US Still Working for Israel Cease-Fire on Hamas
- US to Impose Visa Bans Soon on Israeli Settlers
- Israel to Pursue Hostages Via Talks, ‘Other Means’
- Hamas Breaks Cease-Fire It Demanded, War Resumes
- Blinken Suggests Clock Running Out for Israel’s War on Hamas
- Most Terrorists Freed in Political Deals Resume Violence
- Israel Had Hamas’ Lethal Attack Blueprint a Year Ago: NY Times
- More Israel at War
- Burlison: Ousting Santos a ‘Dangerous Precedent’
- Chris Christie: ‘I Don’t Hate Donald Trump’ | video
- Burchett: Santos ‘Innocent Until Proven Guilty’
- Mullin: Bar for Biden Removal Is High | video
- Gordon Chang: China Has ‘Bad Reputation for Truth’ | video
- IDF’s Conricus: Dropping Leaflets Because ‘We Listen’ | video
- Kiley: Santos Should Have Resigned Months Ago | video
- Blaine Holt: Biden Pitch for Ukraine Funding Is ‘Disgusting’ | video
- Dershowitz: Allow Israel to Rid World of Hamas | video
- Bruce Blakeman: Santos ‘Embarrassment’ to GOP
- George Santos: ‘Tomorrow It Could Be Them’
- Lankford: ‘No Way’ US Watching 70K Illegals | video
- Rittenhouse Telling ‘What Really Happened’ in Book | video
- Brian Mast: ‘Soft Antisemitism’ in US Foreign Policy
- More Newsmax TV
- Newsfront
- Fetterman: Menendez ‘Needs to Go’ Like Santos
- John Fetterman, D-Pa., said Friday that after the House expelled Rep. George Santos, R-N.Y., the Senate needs to boot Sen. Bob Menendez, D-N.J., whose criminal allegations are “more sinister” than what Santos faces…. [Full Story]
- Related Stories
- Dems Pounce on Opportunity Created by Santos Ouster
- Kiley to Newsmax: Santos Should Have Resigned Months Ago
- Burlison to Newsmax: Ousting Santos a ‘Dangerous Precedent’
- Santos Ousted in House Vote
- Santos to Newsmax: ‘Tomorrow It Could Be Them’
- Burchett on Santos: ‘Innocent Until Proven Guilty’
- Judge Rejects Trump’s Immunity Claim in Election Case
- Donald Trump is not immune from prosecution in his election [Full Story]
- Related
- Trump Calls for Mistrial, Sanctions on Judge, AG
- Former Supreme Court Justice O’Connor Dies at 93
- The Supreme Court saidretired Justice Sandra Day O’Connor, the first [Full Story]
- Related
- Excerpts of Supreme Court Opinions by Sandra Day O’Connor
- Obama Lauds O’Connor for ‘Building a Bridge’ for Women
- Former Gov. Ducey: Late Justice O’Connor a ‘Force of Nature’
- Chief Justice Roberts: O’Connor ‘Blazed a Historic Trail’
- Speaker Johnson Remembers O’Connor as a ‘Trailblazer’
- Stanton: O’Connor Blazed Trails in Arizona, SCOTUS
- Murkowski: O’Connor Fostered Bipartisanship
- SPONSOR: Learn what you can do to protect your financial future
- NKorea: Satellite Interference a Declaration of War
- North Korea said Saturday it would consider any interference with its [Full Story]
- Burchett on Santos: ‘Innocent Until Proven Guilty’
- Tim Burchett, R-Tenn., denounced the expulsion of Rep. George [Full Story]
- Harris Poll: Trump Leads Biden by 8 in 4-Way Race
- Former President Donald Trump is continuing his poll lead against [Full Story]
- Related
- Trump Hails Endorsement From Tucker Carlson
- Virginia Poll: Trump Leads GOP, DeSantis by 37
- Chris Cuomo: I’m ‘Open’ to Voting for Trump
- DeSantis: Florida GOP Chairman Should Resign
- PAC Supporting DeSantis Loses Another Major Player
- Trump to Target Biden in Saturday Speech, Watch Live
- Trump to Target Biden in Saturday Speech, Watch Live [Full Story]
- Court Upholds DeSantis-Backed Congressional Map
- A Florida appeals court on Friday upheld the state’s congressional [Full Story]
- Remote Ariz. Border Crossing Swamped By Migrants Closing
- S. officials said they will close a port of entry in remote [Full Story] | video
- Zelenskyy: War in New Phase as Winter Looms
- Ukrainian President Volodymyr Zelenskyy says the war with Russia is [Full Story]
- Related
- Blaine Holt to Newsmax: Biden Sales Pitch for Ukraine Funding Is ‘Disgusting’ |video
- EU Nuclear Agency: Some Russia Imports Up Again in 2023
- Ukrainian Spy Agency Stages Train Explosions on Russian Siberia Railroad
- Russia’s Lavrov: Our Goals in Ukraine Unchanged
- Putin Orders the Russian Military to Add 170,000 Troops for a Total of 1.32M
- Seven Still Missing After US Osprey Crash off Japan
- Japan’s coast guard said a major search operation failed again Friday [Full Story]
- Related
- Japan Concerned About US Osprey Aircraft After Fatal Crash
- Comer, Jordan: Hunter Can’t Dictate Terms of Testimony
- Comer, Jordan: Hunter Can’t Dictate Terms of Testimony
- James Comer, R-Ky., and Rep. Jim Jordan, R-Ohio, told Hunter [Full Story]
- Disney’s Iger: COVID-19 Caused ‘The Marvels’ Flop
- Disney CEO Bob Iger cited the pandemic more than two years after the [Full Story]
- UFO Researcher: Peru ‘Aliens’ Are ‘Unknown Species’
- The researcher who presented mummified remains from Peru to Mexico’s [Full Story]
- Venezuela Threatens Tiny Guyana as Vote Nears
- The United Nations’ top court Friday ordered Venezuela not to take [Full Story]
- Voting Company Smartmatic Banned From Philippines’ Elections
- The Philippines’ Commission on Elections (COMELEC) moved Wednesday to [Full Story]
- University of Oregon Sued Over Alleged Title IX Violations
- Thirty-two female athletes filed a lawsuit against the University of [Full Story]
- Pro-Palestinian Protesters Dampen Holiday Cheer
- Anti-Israel, Pro-Palestinian protesters continue to act like grinches [Full Story] | Platinum Article
- Related
- December Watch: Christmas, Hanukkah, Meteors |Platinum Article
- Russia’s Lavrov Calls Out Blinken’s ‘Cowardice’
- Russian Foreign Minister Sergei Lavrov said Friday that U.S. [Full Story]
- Related
- Russia Heaps New Charges on Putin Critic Navalny
- Alumni Furious After YSU Hires GOP Lawmaker
- Youngstown State University alumni and donors are unhappy with the [Full Story]
- Denver Mayor’s Car Stolen as Crime Becomes Key ’24 Issue
- Mike Johnston, the Democratic mayor of Denver, Colorado, had his [Full Story]
- Dems’ Ad Targets Ariz. Republican Over Abortion
- The Democratic Congressional Campaign Committee released an ad Friday [Full Story]
- US Appeals Court Says Texas Must Remove Rio Grande Buoys
- A federal appeals court ruled Friday that Texas must take down its [Full Story]
- Trump Attorney: Trial During Campaign ‘Election Interference’
- An attorney for former President Donald Trump said Friday it would [Full Story]
- Move over Netflix, left-wing Disney+ and Hulu, there is a new sheriff [Full Story]
- Walmart Says It Is Not Advertising on X
- Walmart said Friday it is not advertising on social media platform X, [Full Story]
- Harris Addresses Climate, Israel-Hamas War in Dubai
- Vice President Kamala Harris will tackle two delicate tasks this [Full Story]
- Hong Kong Journalist Fails to Return From China
- The Hong Kong Journalists Association said in a statement on Friday [Full Story]
- Former Gov. Ducey: Late Justice O’Connor a ‘Force of Nature’
- Former Arizona Gov. Doug Ducey Friday lauded late former Supreme [Full Story]
- Fed Chair Hints Rate Hikes Over Amid ‘Soft Landing’
- The risks of the Federal Reserve moving too far with interest rate [Full Story]
- White House: US Still Working for Israel Cease-Fire
- The U.S. continues to work with Israel, Egypt, and Qatar on extending [Full Story]
- More Newsfront
- Finance
- Traders Bet Fed Rate Cuts Will Start in March
- Financial markets added to bets Friday of a March start to Federal Reserve interest-rate cuts and a Fed policy rate of under 4% by the end of next year, after Fed Chair Jerome Powell said rate hikes were achieving what was hoped…. [Full Story]
- Car Dealers Challenge Biden’s EV Mandate
- S&P 500 Hits 2023 Closing High on Powell Remarks
- How the US Economy Compares to 1970s Stagflation
- Amazon to Use SpaceX Rockets for Project Kuiper
- More Finance
- Health
- Personality Traits That Protect Against Dementia
- Got a naturally sunny disposition? It might protect you from dementia as the years advance, new research shows. A team at Northwestern University in Chicago report that certain personality traits – being conscientious, outgoing and positive – appear to lower a person’s odds…… [Full Story]
- CDC: As Flu Cases Rise, RSV Infections May Be Peaking
- 4 Habits That Sabotage Your Sleep
- Twin Study Finds a Vegan Diet Improves Heart Health
- CDC: Illnesses in China Not Caused by New Virus
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below the graphic below or click the image and follow the prompts.
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.”KEY = KeyCorp – manufactured home community financing and manufactured home single-family mortgage financing. |
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.). |
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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.
-
2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.
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Disclosure. MHProNews holds no positions in the stocks in this report.
· For expert manufactured housing business development or other manufactured housing professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
- Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
- Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
- Note 3:
APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities, KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports linked herein. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to 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.