The Texas Real Estate Research Center (TRERC) in conjunction with the Texas Manufactured Housing Association (TMHA) has released its most recent report for March 2023 that asserts the ‘stabilizing’ of manufactured housing in that industry-leading state reflected in the second half of the headline above. The first part of the headline is a reference to this comment from a manufactured housing industry insider who emailed the following comments. “Congrats to you and the attorney who’s quote you included in your well analyzed and well written [MHProNews] article about MHI’s energy lawsuit. You just threw a well-deserved firecracker in the midst of these scumbags…proud of you, man.” The article that industry insider was referring to is the one linked below. How that relates to the remarks by TRERC will be unpacked in Part II below.
That report and remarks are bolstered by appreciative and supportive feedback from numbers of manufactured home industry professionals who have made the next reports ‘red hot’ (read hot) reads for March 2023, per Webalizer. Each of the following reports are connected to a publicly traded firm that are or have prominent MHI members.
With that preface, Part I of today’s report is focused on the TRERC March 2023 press release.
Part II will be additional information with more MHProNews analysis and commentary in brief.
Part III will be our Daily Business News manufactured housing connected equities report, which includes a macro-market snapshot plus a ‘market moving headlines’ recap.
Texas manufactured housing activity stabilizes after 2022 correction
COLLEGE STATION, Tex. (Texas Real Estate Research Center) – Despite upticks in interest rates and ongoing macroeconomic concerns, general business activity increased in Texas’ manufactured housing industry for the first time since April 2022, according to the latest Texas Manufactured Housing Survey (TMHS).
Supply chains continued to smooth, and the costs of raw materials fell for the ninth consecutive month amid moderating inflation.
“In the first two months of 2023, Texas’ manufactured housing plants pulled back production to the lowest level in the past ten years,” said Rob Ripperda, vice president of the Texas Manufactured Housing Association, “but retailer sales to consumers are running near the same elevated levels as they were in 2021.”
TMHS respondents mentioned saturated inventory for retailers back in December, but those levels appear to be normalizing as all but one manufacturer in the February survey expected sales to increase in the short run.
“March marks the beginning of the spring selling season, so sales should be picking up across the state, and retailers are going to need more inventory,” said Ripperda.
Manufacturers plan to expand payrolls and workweeks after cutting back last summer. They also anticipate an increase in available workers, which will temper labor costs moving forward.
On the other hand, the industry is slowing plans for capital expenditures, possibly in response to a potential increase in the cost of capital. On the demand side, borrowing costs affect the manufactured housing industry through multiple channels.
“The Federal Reserve is signaling further rate hikes that could translate into higher mortgage rates,” said Dr. Harold Hunt, senior research economist at the Texas Real Estate Research Center. “Even so, this could still result in better manufactured housing sales as consumers find it harder to qualify for traditional site-built homes.”
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Part II. Additional Information with More MHProNews Analysis and Commentary in Brief
It is stunning that the TRERC release doesn’t mention the DOE suit that MHI and TMHA have jointly engaged in. Certainly, every producer of HUD Code manufactured homes has to be thinking about what energy standards they are building to after the DOE’s deadline of May 31, 2023. Oddly, TMHA’s Rob Ripperda made remarks to that effect in the first report linked below. Then, truth-seeking journalists ought to examine other comments made to see if they align with reality. With that notion in mind, according to the statistics compiled by the Manufactured Housing Association for Regulatory Reform (MHARR), which cites official HUD data for manufactured home production, the following are the totals for all manufactured home shipped in Texas in January 2023, 2022, and 2021.
Texas | January 2023 = 1081.
Texas | January 2022 = 1655.
Texas | January 2021 = 1474.
So, if TRERC and TMHA are correct, the sharp plunge in January 2023 production will be followed by the higher rates witnessed in 2021, but still not at the clip in the first half of 2022.
That said, TRERC’s information has at various points appeared to be contradicted by other data. See the related reports linked below.
As alluded to previously herein, note that in the report linked above, TMHA’s VP Rob Ripperda previously let ‘the cat out of the bag’ on the DOE energy rule. Oddly, TRERC has been muted on that issue in the most recent report. Why?
Then, consider that despite the claim by TRERC and TMHA that ‘optimism grows’ for 2023, the actual data shows that manufactured housing shipments in/into Texas for January 2023 were down sharply vs. 2022 or 2021. Again, for reader convenience, are the figures for January 2021-2022-2023 shown below. Put differently, the sentiment survey reported above seemingly missed the mark for January 2023. If there are two obvious glitches, what else is missed or incorrect?
- Texas | January 2023 = 1081 new HUD Code manufactured homes.
- Texas | January 2022 = 1655 ” ” ” ” “.
- Texas | January 2021 = 1474 ” ” ” ” “.
That noted, the next report shows why TRERC and TMHA have been problematic as a reliable source for independent information.
In theory, MHI and TMHA are to be applauded for a ‘better late than never’ legal action. But there may be more to that suit than meets the eye. See that report and analysis linked below.
Industry readers and others should recall that in the summer of 2022, MHI once more claimed that manufactured housing had achieved ‘momentum.’ It was MHProNews that reminded readers that “momentum” was what MHI claimed in the fall of 2018 when the industry previously experienced an odd pull-back during an affordable housing crisis. Once again, an unusual pattern seems to exist where ‘momentum’ is declared, but the opposite actually occurred shortly thereafter.
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A new Masthead is planned that will look into related issues. If that is completed this weekend, the link for that will be posted as an update, below. But for now, simply note that there are times when claims are made that are not properly followed through on. Supposed ‘facts’ and ‘sentiments’ are shared, which when carefully examined are contradicted by other known facts and evidence. This is not simply a manufactured housing industry problem. It sadly appears to occur in other aspects of American living. One must be on the lookout for whatever is behind the mask. Thus, the relevance in the featured image, and the emailed remarks cited in the opening paragraphc: “Congrats to you and the attorney who’s quote you included in your well analyzed and well written [MHProNews] article about MHI’s energy lawsuit. You just threw a well-deserved firecracker in the midst of these scumbags…proud of you, man.” ##
Masthead Update Will Be Linked below.
(As promised, updated at 11:16 AM 3.11.2023)
Notice: the third-graphic below has been modified to reflect when the final reported trade occurred on a listed stock for the reported.
Part III. Daily Business News on MHProNews Markets Segment
The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.
Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.
Headlines from left-of-center CNN Business – from the evening of 3.10.2023
- This feels like 2008
- An SVB Financial Group chart displayed on the floor of the New York Stock Exchange in New York, US, on Friday, March 10, 2023. SVB Financial Group shares extended their plunge before being halted in premarket trading for pending news as prominent venture capitalists recommended companies withdraw their money from the lender, sparking further worries over its financial health and liquidity in the wider banking sector.
- Investors worry the SVB failure could destabilize the larger banking system. Here’s why things are different now
- Markets sink after massive bank failure and rate hike fears
- Silicon Valley Bank collapses after failing to raise capital
- The US economy added 311,000 jobs in February, outpacing expectations
- Twitter could have a new rival — a platform created by Meta
- Silicon Valley Bank collapse sends tech startups scrambling
- Judge concerned Sam Bankman-Fried is too ‘technologically savvy,’ could find a way around tech restrictions
- Adidas has received over 500 offers for massive unsold Yeezy merchandise
- This nostalgic childhood drink is now a boozy beverage
- More than 3.2 million Calico Critters toys recalled after deaths of two children
- Global markets sink after sharp selloff in US bank stocks
- Rubio wants to block Ford from tax breaks for using Chinese battery technology
- The Fed wants to limit wage growth. That’s particularly bad for women
- London fears for its future as companies defect to Wall Street
- Bank of Japan keeps low rates as Kuroda sticks to script at swan song meeting
- Disney boss Bob Iger talks about the future of Marvel, ‘Star Wars,’ ESPN, and Hulu
- Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out
- Why crypto’s go-to bank collapsed
- Ex-Goldman banker sentenced to 10 years prison in 1MDB corruption case
- Wall Street Journal: Elon Musk is planning to build his own town
- Fox CEO Lachlan Murdoch dismisses $1.6 billion defamation case revelations as ‘noise’
- Markets close sharply lower as bank stocks take a beating
- Under legal threat from GOP lawmakers, Mastercard and Visa pause plan to track gun sales
- Russia could weaponize metal exports next, Citi warns
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Headlines from right-of-center Newsmax 3.10.2023
- Fla. Abortion Ban Could Have Impacts Beyond State, and Into 2024
- Florida Gov. Ron DeSantis holds up a 15-week abortion ban law after signing it on April 14, 2022, in Kissimmee, Fla. (AP)
- DirecTV Censors Newsmax
- Fitzgerald: ‘Disappointed’ by DirecTV Censorship
- Lindsey Graham: ‘Making Progress’ With DirecTV | video
- Kustoff: Newsmax Cut Is ‘Tremendous Loss’ | video
- Good: DirecTV Must Answer for Actions | video
- Tiffany: Hoping for Hearings on DirectTV | video
- Cornyn: DirecTV Needs ‘Diversity of Information’ | video
- More Stories on AT&T DirecTV Censorship
- More DirecTV Censors Newsmax
- Newsmax TV
- Babin: Biden Policies Have ‘Erased’ Southern Border
- Alex Acosta: Americans ‘Reengaging with Economy’ | video
- Meuser: Biden Budget ‘Won’t See Light of Day’ | video
- Fitzgerald: Biden’s Budget Shows Spending Problem | video
- Cline: GOP Will Restore Fiscal Order | video
- Fred Fleitz: US had Ukrainians Sabotage Pipelines | video
- Ogles: Admin ‘Played Dead’ on China | video
- Robert Wilkie: US ‘Vulnerable’ to Chinese Intel Theft | video
- Dershowitz: Hiding Jan. 6 Tapes ‘Unconstitutional’ | video
- More Newsmax TV
- Newsfront
- Youngkin Defends Policies After Trans Teen’s Question
- Virginia Gov. Glenn Youngkin defended the state’s school bathroom and sports policies during a town hall Thursday when confronted by a transgender teen…. [Full Story]
- Judge: NC Lawmakers May Defend State Abortion Laws
- A federal judge ruled on Friday that North Carolina lawmakers may [Full Story]
- Dolly Parton’s Sister Slammed for ‘Racist’ Tweets
- Country superstar singer Dolly Parton’s younger sister Stella is [Full Story]
- US Lacks ‘Urgency’ as China Readies for War
- As a top Chinese official warns that Beijing is gearing up for war [Full Story] | Platinum Article
- COVID Test Rule Lifted for Travelers From China to US
- A requirement that travelers to the U.S. from China present a [Full Story]
- Ukraine: Bakhmut Fight Pins Russia’s Best Troops
- Ukraine has decided to fight on in the ruined city of Bakhmut because [Full Story]
- Related
- Russian Spring Offensive May Be Stalling
- 6 Killed in Russian Missile Strikes on Ukraine
- Pope: Ukraine War Fueled Not Just by Russia
- Report: Turkey, Hungary Turning on Russia
- Wall Street Sinks on Jitters About Banks, Jobs
- Wall Street’s indexes closed lower Friday as investors ran for the [Full Story]
- Dominion CEO Didn’t Answer Fox Invite
- The chief executive officer of Dominion Voting Systems was invited by [Full Story]
- Biden: ‘Not Much to Negotiate’ With Freedom Caucus
- President Joe Biden Friday panned the House Freedom Caucus and its [Full Story]
- Related
- Freedom Caucus Lists Demands for Debt Limit Vote
- US Should Embrace ‘Sunlight’ of Nord Stream Probe
- A mysterious blast beneath the Baltic Sea that severely damaged the [Full Story] | Platinum Article
- 9th Grader Sues Over Pledge of Allegiance Dustup
- The parents of a ninth grade South Carolina student who said she was [Full Story]
- Trump Praises Horowitz’s ‘Final Battle’ as ‘Great’
- Former President Donald Trump is praising author David Horowitz’s [Full Story]
- A. Times Writer: White Drivers ‘Polluting’ SoCal Air
- Sammy Roth, the energy and environment reporter with the Los Angeles [Full Story]
- Saudi-Iran Deal Blamed on Biden Admin ‘Weakness’
- A senior Israeli official traveling with Prime Minister Benjamin [Full Story] | video
- Russia Lists World Wildlife Fund, Others as Foreign Agents
- Russia on Friday added the World Wildlife Fund to its register of [Full Story]
- Survivor of Nazi Resistance in Germany Dies at 103
- Traute Lafrenz, the last known survivor of a German group known as [Full Story]
- US Deficit Surges 52 Percent to $723B Fiscal YTD
- The U.S. government posted a $262 billion budget deficit in February, [Full Story]
- Poll: 64 Percent Say FBI Has Been Weaponized
- Although half of likely American voters have a favorable view of the [Full Story]
- Youngkin Defends His Transgender Policy, CRT Ban
- Virginia GOP Gov. Glenn Youngkin this week defended his policies on [Full Story]
- DeSantis Brags Florida Avoided ‘Faucian Dystopia’
- Florida Gov. Ron DeSantis took aim at Dr. Anthony Fauci, formerly the [Full Story]
- Ahmaud Arbery’s Killers Deny Racist Motives in Appeals
- Three white men serving prison sentences in the 2020 killing of [Full Story]
- Abortion Ban Could Have Impacts Beyond Fla.
- Less than a year after Florida Gov. Ron DeSantis, an expected GOP [Full Story]
- Offers Rolling in for Adidas’ Yeezy Stock
- Adidas is getting hundreds of offers for the Yeezy shoes and apparel [Full Story]
- Boebert Says She’ll Be Grandmother at 36
- Lauren Boebert, R-Colo., 36, says she will be a grandmother in [Full Story]
- Left-Wing NewsGuard Awarded Pentagon Contract, Records Show
- NewsGuard, a left-wing media monitoring organization which claims to [Full Story]
- Mexico Holds 5 in Killings of Americans
- Five people have been detained in the case of the deadly kidnapping [Full Story]
- Judge: Flipping the Bird Is a ‘God-given Right’
- A Canadian judge has ruled that giving someone the middle finger is a [Full Story]
- Yellen Defends $29B More for IRS Enforcement
- S. Treasury Secretary Janet Yellen Friday defended a Biden [Full Story]
- Regulator Shuts Silicon Valley Bank
- A California regulator shut Silicon Valley Bank (SIVB) Friday and [Full Story]
- Pence: ‘Un-American’ to Overturn 2020 Election
- Former Vice President Mike Pence says it would have been [Full Story]
- Manchin Threatens Biden Nominees Over Climate Activism
- Joe Manchin, D-W.Va., accusing the Biden administration of [Full Story]
- Private Military Jobs: Seniors Are In Demand
- Walletgenius
- More Newsfront
- Finance
- A Warren Buffett-Style Global Value Fund Worth Consideration
- Those inspired by Warren Buffett’s value investing sucess might consider the First Eagle Global Fund (SGENX), which has returned more than 12% annually since 1979, CNBC reports…. [Full Story]
- Schwab Rated a ‘Buy’ in SVB-Fueled Selloff
- Judge Lets Google Antitrust Case Proceed in Virginia
- 5 Key Takeaways From the February Jobs Report
- 42% OK With $100 Taxes to Cut Climate Change
- More Finance
- Health
- For Most, Money Actually Can Buy Happiness
- It’s a question pundits have pondered for ages. Can money buy happiness? According to a new study, the answer depends on how happy, or unhappy, you are to begin with. For most people, more money does bring more joy into their lives, say the researchers, but for a subset of…… [Full Story]
- Adding a Drug to Antidepressant Helps Seniors
- Falls Can Be More Dangerous for Older Men
- The Mystery of Britain’s Decade of Early Deaths
- Check Batteries in Smoke Alarms This Weekend
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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 below.
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Updated
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- NOTE 1: The 3rd 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.
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.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
