Friday Follies-Could MHI Leaders Have Been More Incompetent if They Tried to be Incompetent at Advancing Manufactured Housing? 6 Examples of Potentially Useful Chances Fumbled Away; plus MHMarkets

FridayFolliesCouldMHIleadersHaveBeenMoreIncompetentIfTheyTriedToBeIncompetentAtAdvancingManufacturedHousing6ExamplesOfPotentiallyUsefulChanesFumbledAwayPlusMHMarketsMHProNews

While independently owned manufactured home community Mountainview Estates owner David Roden is getting headline attention for not only wondering but asking ‘industry leaders’  to launch a sales boosting image/educational campaign or explain their reasoning for not doing so, Roden is far from alone in wondering why the industry is being allowed to languish during an affordable housing crisis. It is foolish, folly, or perhaps even ‘treacherous‘ – as artificial powered (AI) Copilot recently satirically remarked – that the industry is operating at such a poor level during an affordable housing crisis. Thus, it is fitting that this periodic installment of Friday Follies examines, in no particular order of importance, the following half-dozen items that might reasonably be called examples of incompetence (or worse) exhibited by Manufactured Housing Institute (MHI) leadership in addressing the industry’s recovery from the depression-like slide it experienced since the industry’s last highwater mark of 1998.

 

MHProNewsButtonlizedLogoMedium
Manufactured Home “Industry News, Tips, and Views Pros Can Use.© where “We Provide, You Decide.” ©

Part I

1) It was reasonably well known that the late Manufactured Housing Institute (MHI) Vice President Bruce Savage was homosexual. The mood of the nation at the time was becoming more sympathetic to LGBTQs. Savage specifically made the argument to implement the Roper Report findings to launch an image campaign which aimed at recovery and new heights. But despite the findings of Roper, the intelligent pitch forged by MHI’s Savage, and later claims in support of such a campaign advanced by Clayton Homes CEO Kevin Clayton, and the opportunity to give Savage a then socially edgy opportunity to lead on the topic of industry image and education, no serious national manufactured home image campaign was ever launched. Let’s call that unforced fumble #1. Not necessary because it is the most important. But just because Savage seemed to understand MHVille and arguably could have made a positive contribution and difference. Savage’s presentation and arguments are found in the MHProNews report linked below. It is also worth mentioning because Savage’s insights are relevant in the light of SECO-linked David Roden‘s recent and seemingly reasonable request to MHI leaders along similar lines.

 

BruceSavageVPManufacturedHousingInstLogoUnleashingSalesPerceptionIsRealitySavageReportRoperReportGoodBadManuHousingInstLogoAARPMartyLavinStrikeAgainMHMarketsStocksUpdates
https://www.manufacturedhomepronews.com/manufactured-housing-institute-mhis-roper-report-aarp-marty-lavin-strike-again-plus-manufactured-housing-stock-updates/

 

Oh, but pardon us. MHI award-winner Marty Lavin, J.D. aptly observed that there was a different sort of image campaign underway, what Lavin called ‘the other image campaign.’ It has persisted to this day, as the “stigma” report below reminds us.  Hmm…stigma is okay for numbers of MHI connected firms to stir up, despite their so-called code of ethical conduct? That stigma is allowed to be promoted, while the brighter good news about manufactured housing was not? Which image do Manufactured Housing Institute linked industry leaders actually desire?

 

HugeOpportunityCashInOnStigmaProneManufacturedHomeCommunitiesCrowHoldingManufacturedHousingDirectorKristinMillingtonDemandOutpacingSupplyDontSeeThatChangingPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/huge-opportunity-cash-in-on-stigma-prone-manufactured-home-communities-crow-holding-manufactured-housing-director-kristin-millington-demand-outpacing-supply-don/

 

2) Years before Lesli Gooch, MHI had a female president and CEO with a strong connection to the finance community. For whatever reason(s), Gail Cardwell didn’t last long at MHI. Yet when she was hired for that role, the ‘glass ceiling’ was (and for millions, remains) a hot-button topic. Cardwell provided a graphic that seemingly disappeared from the MHI radar that could have been used for years to get a change in FHA (or GSE and Duty to Serve Manufactured Housing). Fortunately for the industry, MHProNews has that graphic and Cardwell’s related PowerPoint. This reveals how long more affordable chattel loans has been an issue for the manufactured home industry. By implication, Cardwell makes any defenders of conflict of interest plagued Lesli Gooch look foolish.

 

GailCardwellManufacturedHousingInstMortgBankerAssocBarryMcCabeAnnBurkhartMNLawFloorplanCrisisManufacturedHousingChattelFinanceBattlesBarryMcCabePlug21stCenturyFemalePresCEO-MHProNews
https://www.manufacturedhomepronews.com/floorplan-crisis-manufactured-housing-chattel-finance-battles-barry-mccabe-plug-manufactured-housing-institute-21st-century-female-president-and-ceo-gail-cardwell-industry/

To see this image below in a larger size click the image and follow the prompts.

 

HistoricalFHATitleIendorsementsPerHUD-MHProNewsManufacturedHousingInstituteGraphicLogo-MHProNewsFactCheck
From a MHI President and CEO Gail Cardwell era presentation. Title I lending all but ended around the same time as Fannie Mae and Freddie Mac securitized manufactured home “chattel” loans. While it is true that there was fraud, fraud didn’t keep lenders from continuing to do loans on conventional housing. The ramifications of the loss of lending in manufactured housing are still being felt, per sources inside and beyond manufactured housing. Learn more at this link: https://www.manufacturedhomepronews.com/floorplan-crisis-manufactured-housing-chattel-finance-battles-barry-mccabe-plug-manufactured-housing-institute-21st-century-female-president-and-ceo-gail-cardwell-industry/

To see this image below in a larger size click the image and follow the prompts.

SkylineChampionMobileHomeIndustryIntoManufacturedHousingIndustryProductionChartGraphicFrom1960sto2022Nov2023ManufacturedHomeProNewsMHProNews
The research by senior economist at the Minneapolis Federal Reserve James “Jim” Schmitz Jr., his colleagues, the legal research by Samuel “Sam” Strommen at Knudson Law, and a grasp of what Warren Buffett, Kevin Clayton, and Tom Hodges have called “the Moat” – among others insights – are useful in understanding the decline of HUD Code manufactured housing. 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. See the Rise and Fall of HUD Code Manufactured Housing. https://www.manufacturedhomelivingnews.com/rise-and-fall-of-hud-code-manufactured-housing-1995-2023-story-of-the-u-s-affordable-housing-crisis-behind-the-facts/ and the lessons learned from the California ADU phenomenal growth. https://www.manufacturedhomelivingnews.com/is-manufactured-home-production-keeping-pace-with-u-s-population-what-california-adu-preemption-and-higher-production-signals-manufactured-housing-potential-to-solve-affordable-housing-crisis/

 

3) There are those who think there is acrimony between the two national manufactured home industry trade groups, the Manufactured Housing Institute (MHI) and the Manufactured Housing Association for Regulatory Reform (MHARR). While there are doubtlessly strongly held views in both camps, the evidence-based case can be made that MHARR has repeatedly opened the door (or the proverbial window) to rapprochement. It appears that it is MHI that keeps biting their hand, while MHI leaders repeatedly extend their hand to the competitors of manufactured housing. Oxford Languages defines incompetence as: “inability to do something successfully; ineptitude.” Vocabulary defines betrayal like this. “Betrayal means “an act of deliberate disloyalty…”  Which does some MHI defender want to defend? Incompetency, treachery, or betrayal? When a zoning law expert writes for a respected pro-manufactured housing nonprofit that the industry needs a legal advocate to advance zoning issues, some might think that the industry’s poor performance is tied at least in part to the efforts, for good or ill, advanced by MHI. It certainly does look like the proverbial cat is out of the bag.

 

CatsOutManufacturedHousingInstituteHousingCoalitionLetterCongressFactCheckAnalysisRevealsWhatMHI-NAR-NAHB-MBA-DidDidntRequest-AI-AffordableHousingSurprisesAwaitMastMHProNews
https://www.manufacturedhomepronews.com/masthead/cats-out-manufactured-housing-institute-housing-coalition-letter-to-congress-fact-check-analysis-reveals-what-mhi-nar-nahb-mba-others-did-didnt-request-ai-affordable-housing-surprises-await/

 

4) First in Texas, then later in North Carolina, MHI thumbed their nose at opportunities handed to them on a silver platter to have potential local support for a case to enforce the Manufactured Housing Improvement Act of 2000 (a.k.a.: MHIA, 2000 Reform Act, 2000 Reform Law, etc.) and its enhanced preemption issue. In North Carolina, MHProNews had discussions with Mayor Pro-Tem Ivory Mewborn, who was prepared to support the case for enhanced preemption. Given that MHI’s Gooch had made the pitch for racial equity, to politely but directly have declined support for a Black local leader is mind-bogglingly dumb optics on the part of MHI. In Texas, minorities were again among those being negatively impacted by the lack of effort by MHI in an obvious case where manufactured homes had already been placed in the neighborhood in question. What possible excuse can MHI offer? Apparently, none – because when asked, they have repeatedly declined to respond. Keep in mind that each of these episodes, and others like them, are examples that shed light on how the manufactured housing industry has gotten to this point. So, these reports remain relevant today as historic chapters in the troubling history of MHI foolish or treacherous behavior in the 21st century.

 

BryanPassesManufacturedHomesBanButPetitionOtherLegalMovesMayStopTexasCityDailyBusinessNewsMHProNews - Copy
https://www.manufacturedhomepronews.com/bryan-manufactured-homes-ban-passed-but-petition-count-other-legal-moves-may-stop-texas-city/

 

MHI-ManufacturedHousingInstituteWillGrantRequestViaPrayerMayorProTemIvoryMewbornLesliGoochPICaffordablePlantAHomeMillionsWakingUpSurprisingSoberingYetHopefulRealitiesMHLivingNews
https://www.manufacturedhomelivingnews.com/mhi-manufactured-housing-institute-will-grant-request-via-prayer-mayor-pro-tem-ivory-mewborn-on-affordable-plant-a-home-millions-are-waking-up-to-surpri/
BaptistNewsGlobalManufacturedHomesJustZoningLawsCanTransformWorkingPoorRevIvoryMewbornMayorProTemAydenNCMHLivingNews
https://www.manufacturedhomelivingnews.com/baptist-news-global-manufactured-homes-and-just-zoning-laws-can-transform-working-poor-rev-ivory-l-mewborn-mayor-pro-tem-of-ayden-nc/

Keep in mind too that MHI’s Gooch made a public pitch for ‘racial equity’ using manufactured housing. Meaning, once again, MHI leaders could not be counted upon to have their deeds match their rhetoric.  Almost award-winning lady Gooch’s pitch below preceded the opportunity with Rev. and N.C. Mayor Pro-Tem Ivory Mewborn, linked above. To define hypocrisy, Oxford Languages says: “the practice of claiming to have moral standards or beliefs to which one’s own behavior does not conform; pretense.” Hmm…pretense. Hypocrisy. Conflicts of interest. Gooch is building up quite a collection of well-earned standards of behavior, isn’t she? But then, it isn’t every day that a manufactured housing nonprofit board is led by someone who gets sued by the Securities and Exchange Commission (SEC), gets sued by their residents, is credibly accused of hypocrisy and felony antitrust violations that harmed thousands of independents and potentially millions of consumers…

…come to think of it, given the history of several 21st century MHI board leaders, perhaps lady Gooch is in good company after all?

 

AdvancingRacialEquityThroughManufacturedHousingLesliGoochPICManufacturedHousingInstituteCEOImpressiveOpEdManufacturedHousingInstituteLOGONationalMortgageNewsLOGOAnalysisMHProNewsLOGO
https://www.manufacturedhomepronews.com/advancing-racial-equity-through-manufactured-housing-lesli-gooch-manufactured-housing-institute-ceos-impressive-op-ed-manufactured-housing-institutes-nati/

 

5) HUD Secretary Ben Carson appeared to be a sincere supporter of HUD Code manufactured housing. Secretary Carson seemed to take the responsibility for the woes experienced by manufactured housing in significant measure on the agency he led. It wasn’t just when someone from manufactured housing was in the room that Secretary Carson praised manufactured housing, he did so when it was nowhere near the agenda – as the example below reflects. MHARR said repeatedly that the Trump Administration was a golden opportunity for manufactured housing, and MHI fumbled for whatever motivations. The question that should be asked, was the Trump-Carson era yet another unforced error by MHI leaders? Or was MHI rather foot dragging because they want the industry to underperform as the industry is being consolidated? The remarks below are from an event that had nothing to do with manufactured housing. So, unlike prior HUD Secretary Fudge (D) (or others) that said nice things when the opportunity called for it but like former Secretary Castro (D) pushed back at other times, Dr. Carson (R) said positive things about manufactured housing when there was no apparent reason for him to do so, other than his support for our profession’s product.

 

HUDSecretaryBenCarsonQuoteExtraordinaryInnovativeManufacturedHousingBarriersEagleRightWingLeftWingManufacturedHomeProNews

 

6) There are numerous examples, large and small, of errors that MHI has made over the course of not years, but literally decades. Per informed sources, MHI is the reason that the removable chassis wasn’t made federal law over 30 years ago. Which may explain why now in 2024, with MHI pushing for the removable chassis. MHARR still likes the idea in principle, so long as it the change in the legal language is done surgically. But as MHProNews, and then later MHARR, pointed out, there are sadly risks and hidden agendas that must be considered. Why has this become a focus for MHI now, when there are already federal laws that MHI is not putting their full weight behind in enforcing?

 

‘Want Affordable Housing? Take the Chassis Off Manufactured Houses’ and ‘Don’t Call Them Mobile Homes’ Prof Lee Ohanian and James A. Schmitz WaPo Op-Ed Echoes Andrew Justus-Alex Armlovich views; plus MHVille Markets

 

7) On an array of topics, MHI has apparently worked for concepts that seem to benefit a narrow but financially well-heeled segment of the industry openly focused on consolidation and association-industry domination.  The report linked below provides fresh evidence of how one MHI board member firm fits into the broader picture of industry underperformance in the 21st century.

 

Skyline Champion Q4 2024 Earnings Call Text-‘High Rates Support Demand’-Mark Yost Blackstone-Carlyle-Customer Confusion-Departures-Apparent Conflicting Claims; Canada Drops 23 Percent; MHMarkets

 

8) MHI has been sloppy at best or has seemingly made decisions that are described by Copilot, however satirically yet aptly, as treacherous. After years of MHProNews hitting MHI over understating the economic contribution of the manufactured housing to the U.S. economy, MHI finally adjusted their data. But in doing so, who did the cite as their source? Allied Market Research says their June 2023 infographic is the source of their claim that $31.3 billion dollars is the economic contribution for manufactured housing (*Allied Market Research). The problem with that is that MHProNews previously inquired – and thus informed – MHI that there were reasons for concern about AMR’s research.

 

Allied Market Research (AMR) Claim $38.8 Billion Manufactured Housing Industry Market by 2027 – MBI, MHARR, MHI Response Manufactured Home Claims, plus MHMarket Stocks-Facts, News & Analysis

 

Later, when left-leaning Bing’s AI powered Copilot was being tested by MHProNews, an inquiry was made – are there others who have questioned the accuracy or authenticity of AMR’s market research? The answer – yes, there are concerns about the value of their over-priced research. So, MHI has turned to AMR in their search for a data point that they ought to be able to do the math on themselves. Apparently, accuracy in such information is not a major concern to MHI. Note that after a period of apparent absence, this report seems to have appeared rather recently, following prior MHProNews fact checks. The below is from a June 2023 document that MHI has labeled Industry Overview.

 

To see this image below in a larger size
click the image and follow the prompts.

ManufacturedHousingInstituteInfographicLogoFactCheckThreeOrMoreErrorsManufacturedHomeProNewsMHProNewsAnalysis
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.

 

To illustrate part of the concern with the Allied Market Research (AMR) sourced attributed figure, in 2022, using the same figures MHI is using for their 2023 infographic, they showed the industry producing 112,169 new manufactured homes at an average cost of $127,250. The math ought to be straightforward. Even MHI can do it. 112,169 x $127,250 = $14,273,505,250. So, $14.27 billion dollars. Are there other ways of doing that ‘economic contribution?’ Sure. But MHI fails to explain what the basis is for that statement, other than Allied Market Research said so. AMR has their defenders.  But ipvm.com has published a report entitled “Beware Scam Market ‘Research'” by John Honovich that: “The ‘data’ and ‘research’ that headlines many articles is a scam, perpetrated by a variety of Indian firms that have exploited the carelessness and ignorance of many companies and the press.” MHProNews has found reasons for concern about AMR’s work. Apparently, MHI doesn’t care enough to dig deeper and see if their claim on the contribution to the U.S. economy holds up or not. MHI could do their own calculations.

To further illustrate the point, consider this inquiry to Copilot.

Broadly speaking. Let’s say the retail value of a product sold and made in the U.S. in a given year is $14,273,505,250. But some of the components of that product are produced overseas, even if they are assembled in the U.S. Is there a rule of thumb formula that can be used to calculate the approximate annual economic contribution of that product to the U.S. economy?

BingCopilotAI-Screen1.3.2024MHProNewsCertainly! To estimate the approximate annual economic contribution of a product made in the U.S., considering both domestic production and imported components, you can use the following formula:

  1. Value Added Approach:
    • The value added by the U.S. production process (including labor, capital, and other inputs) is a key factor.
    • Subtract the value of imported components from the total retail value to find the domestic value added.
    • The economic contribution can be approximated as the domestic value added.

  2. Example Calculation:
    • Let’s assume the total retail value of the product is $14,273,505,250.
    • If the value of imported components is $3,000,000,000, then the domestic value added would be approximately $11,273,505,250.

Remember that this is a simplified approach, and actual economic impact may involve more complex factors. However, this rule of thumb provides a basic estimate of the product’s contribution to the U.S. economy. 🏭💡…”

 

Meaning, the retail value of the manufactured homes produced of $14,273,505,250 could be ‘reduced’ by the value of the imported components. Canadian lumber and several items shipped from China or other nations find their way into the manufactured housing supply chain.  While Copilot is correct in saying that the economic impact results from a variety of factors that can be complex, it is also correct in saying that “

If a trade source for information routinely uses information that is known to be wrong or misleading what are the possible ramifications for that organization, and potentially the industry they are in?

BingCopilotAI-Screen1.3.2024MHProNewsWhen a trade source consistently disseminates incorrect or misleading information, several ramifications can occur for the organization and the industry it serves:

  1. Loss of Credibility:
    • The organization’s reputation suffers as its credibility diminishes.
    • Industry professionals and consumers may no longer trust the information provided by that source.
  2. Impact on Decision-Making:
    • Relying on inaccurate data can lead to poor decision-making.
    • Businesses, policymakers, and investors may base critical choices on flawed information.
  3. Legal Consequences:
    • If the misinformation results in financial harm or legal violations, the organization may face lawsuits.
    • Regulatory bodies may investigate and impose penalties.
  4. Industry Reputation:
    • The industry as a whole may be negatively affected.
    • Misleading information can tarnish the image of the entire sector.
  5. Market Distortions:
    • Incorrect data can distort market dynamics.
    • Prices, supply-demand balance, and investment decisions may be influenced by false information.
  6. Stifling Innovation:
    • Misleading reports hinder innovation and progress.
    • Industry advancements rely on accurate insights.

In summary, organizations that consistently provide wrong or misleading information risk their reputation, legal repercussions, and the overall health of the industry they serve. It is crucial to prioritize accuracy and transparency to maintain trust and promote informed decision-making. 📊🔍…”

 

Part II – Additional Information with More MHProNews Analysis and Commentary in Brief

1) The headline promised half a dozen examples and this report has provided some bonuses on top of that tally. The bottom line could be summed up like this. MHI has a 21st century history that is troubling. The organization was reportedly near bankruptcy at one point, something that they now arrogantly ignore as if it didn’t happen. MHI’s periodic revisions of their website causes items to disappear from their public information, which may or may not reappear following MHProNews/MHLivingNews fact checks. MHI appears to be in the business of forging an image for itself, which is natural to a point. Every organization has to do a certain level of self-promotion.

2) But for an umbrella style trade group like MHI, the acid test – so to speak – is total monthly or annual production. When MHI claims that they represent all segments of the industry, there are liabilities and responsibilities that go along with that claim. Yesterday’s report revealed in some detail several significant disconnects between MHI claims and their actual performance. Recall, for instance, some years ago MHI touting that Section 8 vouchers could be used to help buy a manufactured home? What ever happened to that claim? How did it work out in practice? If there was a significant contribution by that effort to increasing production, why is that remark not heard anymore?

 

ManufacturedHousingProductionRisesInApril2024perManufacturedHousingAssociationButBottlenecksContinueAsMHARR_ExposesFederalOfficialsRoleInAffordableHousingCrisisMHLivingNewsIMGlogos
https://www.manufacturedhomelivingnews.com/manufactured-housing-production-rises-in-april-2024-per-manufactured-housing-association-but-bottlenecks-continue-as-mharr-exposes-federal-officials-role-in-affordable-housing-crisis/

 

3) Recall too that the premise for what became the Clayton Homes-backed and MHI branded CrossMod® homes effort was that it would increase acceptance of all manufactured housing. MHProNews, MHLivingNews, and MHARR led the charge to question that claim. Over time, the concerns raised by those three sources proved to be correct. MHI has never demonstrated that the CrossMods scheme benefited the industry at all. It may have harmed the industry in several ways. MHProNews is not editorially a fan of some troubling aspects of the Rolfe-Reynolds business model. But give Frank Rolfe his due, he was quite correct in blasting MHI for the failures with CrossMods.

 

ManufacturedHousingInstituteGivesUpdatesUrbanInfillCrossMods®ClaimNewProductionUpPitchMembershipMeetingsEdSpendingOnMHIin12.6.2023EmailPlusMHVilleMarketsMHProNews
https://www.manufacturedhomepronews.com/manufactured-housing-institute-gives-updates-urban-infill-crossmods-claim-new-production-up-pitch-membership-meetings-ed-spending-on-mhi-in-12-6-2023-email/

 

GrossIncestuousSymbiosisBloodbathClaimsDenialByManufacturedHousingInstituteMHI-FirmsFrankRolfeAndrewKeelPassiveInvestingSubcultureInterviewRentControl-HitMHI-CrossModsMHProNews
https://www.manufacturedhomepronews.com/gross-incestuous-symbiosis-bloodbath-claims-denial-by-manufactured-housing-institute-mhi-firms-frank-rolfe-andrew-keel-passive-investing-subculture-interview-rent-control-hit-mhi/

MarkWeissPhotoMHARRlogoFailureDutyToServeFannieFreddieEffortsInIndustryItselfDivertDTSfromHUDCodeManufacturedHomesCostlyNewClassCrossMODtmHomesProducedbyLargestMHIMembersMHProNews

 

ZoningExclusionToFightOrSwitchMHARRLogoIssuesAndPerspectivesMarkWeissJDManufacturedHousingAssocRegulatoryReformLOGO
https://manufacturedhousingassociationregulatoryreform.org/zoning-exclusion-to-fight-or-switch/

 

4) How could MHARR, MHProNews, MHLivingNews, or even the Modular Home Builders Association (MHBA) each raise concerns about the ‘new class of homes’ later called Crossmods that proved to be correct years into the future? How could MHI’s so-called market research and focus groups produce results that were so demonstrably wrong? First, there is common sense. As MHARR and others argued, you sometimes have to fight rather than switch. When your brand is ‘manufactured housing’ to abandon that brand in favor of CrossMods, and yet the bulk (over 99 percent of your production) is still the ‘mainstream’ manufactured home, the entire CrossMods scheme was obviously replete with unforced errors. MHI periodically had to admit as much, although not to the industry directly, but rather to public officials indirectly.  What MHI-backing Clayton Homes praised ought to have been viewed as a multi-year embarrassment. It is still arguably problematic for the 99+ percent of manufactured homes.

 

UnpackingPR.KevinClaytonClaytonApplaudsNewFHAappraisalRequirementsImprovingValuationOfOff-SiteBuiltHomesWhatManufacturedHousingInstituteMembersMayNotSayPlusMHMarket$MHProNews
https://www.manufacturedhomepronews.com/unpacking-pr-with-kevin-clayton-clayton-applauds-new-fha-appraisal-requirements-improving-valuation-of-off-site-built-homes-what-manufactured-housing-institute-members-may-not-say-p/

 

DevelopersMovingAwayFromCrossMods®ManufacturedHousingInstituteOddlyAdmitsPlanUndercuts99PercentOfManufacturedHomesMHIDocFactsAnalysisPlusMHVilleREITsStocksUpdatesMHProNews
https://www.manufacturedhomepronews.com/developers-moving-away-from-crossmods-manufactured-housing-institute-oddly-admits-plan-undercuts-99-percent-of-manufactured-homes-mhi-doc-facts-analysis-plus-mhvil/

 

5) MHI has time and again failed at the basics in the 21st century. MHI has also failed in the transparency and reliable accuracy departments. That begs the question. Who benefits from this status quo? The answer appears to be consolidators.

 

ManufacturedHousingFeaturedProminentDuringHouseOversightHearingPerManufacturedHousingInstituteHousingAlertWhatMHIleadersDidDidntSaLieFalseMisleadingSundayWeeklyHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/manufactured-housing-features-prominently-during-house-oversight-hearing-per-manufactured-housing-institute-housing-alert-what-mhi-leaders-did-didnt-say-plus-sunday-weekly/

 

InSurprisingMoveTheManufacturedHousingInstituteMHI_ApplaudsNewDemsHousingActionPlanReleasedByNewDemocratCoalitionFactsDocuments,AndMHVilleAnalysisMHProNews
https://www.manufacturedhomepronews.com/in-surprising-move-the-manufactured-housing-institute-mhi-applauds-housing-action-plan-released-by-new-democrat-coalition-facts-documents-and-mhville-analysis/

 

FixVsMHInHUDannouncedPresenters2024InnovativeHousingShowcaseMHIsGooch50thAnniversaryOfHUDCodeManufacturedHousingLawEstablishedContinuousCollaborationPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/fix-vs-mh-in-hud-announced-presenters-2024-innovative-housing-showcase-mhis-gooch-50th-anniversary-of-hud-code-manufactured-housing-law-established-continuous-collaboration/

 

6) It is foolish, FOLLY, to trust MHI at face value when they have a 21st century history as troubling as theirs has been documented to be. They apparently have to erase some of their own history in order to maintain their narrative de jour. To blindly trust MHI for accuracy or performance, given this 21st century track record (and some issues in the 20th century too that caused what became MHARR to form) is akin to trusting the arsonist to become a firefighter.

 

LiterallyHistoric!FormerManufacturedHousingInstituteMHIpresidentCEOchrisS.StinebertRemarksEmbarrassinglyUpendCurrentMHInarrativesWhyMHIpurgedPlusMHVilleMarketsUpdateMHProNews
https://www.manufacturedhomepronews.com/literally-historic-former-manufactured-housing-institute-mhi-president-ceo-chris-s-stinebert-remarks-embarrassingly-upend-current-mhi-narratives-why-mhi-purged-plus-mhville-markets-upda/

 

AnnBurkhartJ.D.ChrisStinebertGailCardwellThayerLongFormerManufacturedHousingInstitutePresidentsCEOs-MHProNewsFactCheckAnalysisCommentary
Presidents and CEOs Chris Stinebert, Gail Cardwell, and Thayer Long. These are three Manufactured Housing Institute (MHI) staff leaders that preceded the tenure of Richard “Dick” Jennison at MHI. Anyone with a modicum of knowledge about the history of MHI in the late 20th and early 21st century should be asking questions and pressing for answers. Why has MHI culled the names of these prior leaders from the history of their own trade association’s website? What is MHI hiding by hiding those names? Why has MHI culled other documents and records from the public side of their website? Why hasn’t MHI made public the meeting minutes with Fannie Mae and Freddie Mac that seemed to proceed the creation of the apparently market failed CrossMod homes scheme? Why does MHI continue to press CrossMod® homes when their own members say during earnings calls that the manufactured home market is moving to smaller and lower cost homes?

Copilot referred to MHI’s communications practices as “Orwellian.” That’s not a compliment. Copilot, for whatever its bias may be, is reasonably logical and mocked MHI as treacherous. Of course, Copilot gave a disclaimer, but then its programmers don’t want to be sued for saying directly what is increasingly obvious.

 

HitTheBallAndDragJackWhatClassicGolferJestTeachesCareerGrowthMindedManufacturedHomeProfessionalsAboutManufacturedHousingInstitutePlusSundayWeeklyHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/hit-the-ball-and-drag-jack-what-classic-golfer-jest-teaches-career-and-growth-minded-manufactured-home-professionals-about-manufactured-housing-institute-plus-sunday-weekly-headline/

 

7) As a reminder, we as a professional services provider and digital publishing company in manufactured housing went from being an MHI member that supported the organization – because they seemed to say the right things – to becoming a critic, because it was demonstrated time and again that MHI failed to DO the RIGHT THINGS. We went from being praised for our accuracy and willingness to take factual stands, even for a time while we were an MHI member. Indeed, this writer was elected by peers to serve on an MHI board. But when those duties as a board member caused certain troubling issue to question MHI leadership, someone at MHI manufactured a letter that was signed by no one. It said we could not stay a member because they had no membership category for us. It was preposterous at the time and remains so now. They refunded that year’s dues, but not the prior years.  A chapter in a book could be written about that episode.

The bottom line is this. If MHI were successfully getting federal and state officials to honor existing laws favorable to manufactured housing, we could be cheering what we currently jeer. But they continue to double down on policies that have not worked before and thus can’t be expected to work in the future.

 

BobCrawford-ManufacturedHousingInstituteRateMHI5outof10QuoteManufacturedHomeProNews
https://www.manufacturedhomepronews.com/masthead/if-we-keep-doing-what-weve-been-doing-we-will-keep-getting-what-we-got-mhidea-post-production-trade-associations-status-mhi-mharr-namhco-other-examples-considered/

 

IfWeKeepDoingWhatWeveBeenDoingWeWillKeepGettingWhatWeGot!MHIdeaPostProductionTradeAssociationsStatusMHI-MHARR-NAMHCOexamplesConsideredFullTranscriptPlusAnalysisMastMHProNews
https://www.manufacturedhomepronews.com/masthead/if-we-keep-doing-what-weve-been-doing-we-will-keep-getting-what-we-got-mhidea-post-production-trade-associations-status-mhi-mharr-namhco-other-examples-considered/

 

8) Manufactured housing appears to be underperforming because it benefits the investment thesis of a few dominating firms in the industry. An important purpose of MHI meetings and events is to forge relationships that consolidators hope will later result in a new acquisition. Unless you are a consolidator, or you want to be consolidated, it is therefore apparent folly to trust MHI. If a football team had such a poor record as MHI, the head coach would be fired. That’s enough to put a ribbon around this periodic segment of Friday Follies in MHVille.

 

WhenYouWantToHelpPeopleYouTellTthemTheTruthWhenYouWantToHelpYourselfYouTellThemWhatTheyWantToHearDrThomasSowellQuoteMHProNews

Skyline Champion Q4 2024 Earnings Call Text-‘High Rates Support Demand’-Mark Yost Blackstone-Carlyle-Customer Confusion-Departures-Apparent Conflicting Claims; Canada Drops 23 Percent; MHMarkets

ForgetWhatTheyToldYouWantTheTruthFollowTheMoneyRoxanneBlandJD-AuthorAttorneyMHProNews
  https://www.manufacturedhomepronews.com/black-holes-in-journalism-kristina-borjesson-only-released-half-information-govt-agencies-big-media-woes-shadows-of-liberty-acclaimed-full-documentary-with-exclusive-annotate/ and https://www.manufacturedhomepronews.com/runaway-corporate-monopoly-power-inequality-generating-machine-ultra-rich-get-richer-but-5-billion-grow-poorer-says-oxfam-per-inequality-report-facts-with-u-s-and-mhville-in/
HowardWalkerJDpicEquityLifestylePropertiesManufacturedHousingInstituteLogos4ManuHousingInstLeadersPubliclyDuckingOutExplainingPerformanceLackThereofELSHowardWalkerMHProNews
MHI has been ducking accountability for years, as these documented examples reflect. https://www.manufacturedhomepronews.com/masthead/4-quick-documented-examples-of-manufactured-housing-institute-leaders-publicly-ducking-out-on-explaining-their-performance-or-lack-thereof-els-howard-walker/

Programming Notice: a fresh expose on another MHI-Linked Brand is Pending that’s drawn MSM attention. Stay tuned for another report you are unlikely to read about from anyone else in MHVille trade media.

 

Part III – 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 moves 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 may be impacting manufactured housing connected investing.

 

Headlines from left-of-center CNN Business – 6.6.2024

  • Shoppers are hyper-focused on ‘value.’ That doesn’t mean buying the cheapest option
  • As AI booms, Microsoft’s deal with a startup comes under federal investigation
  • Inspectors and police are raiding the Al Jazeera offices in Jerusalem, Israel, on May 5, 2024, and are confiscating its equipment. The Israeli communications minister has announced the decision to shut down the broadcaster following a unanimous vote by the Israeli government to close the bureau of the Qatar-owned Al Jazeera television. Prime Minister Benjamin Netanyahu is stating that his government has decided to close Al Jazeera’s operations in Israel. Last month, Israel’s Knesset passed legislation that allows the closure of the Al Jazeera television. The communications minister now has the power to shut down foreign networks operating in Israel and confiscate their equipment if the defense minister deems their broadcast a security threat. Communications Minister Shlomo Karhi is saying that the orders to close the channel are taking effect immediately. Al Jazeera maintains an office in Israel and a team of correspondents who are working throughout the year, including covering the ongoing conflict in the Gaza Strip, which has resulted in over 34,600 deaths since October 7, 2023.
  • Israeli government seeks to extend controversial Al Jazeera ban as high court hears arguments against media law
  • The entrance to the Michigan Central Station is seen, Monday, May 13, 2024 in Detroit. A once hulking scavenger-ravaged monolith that symbolized Detroit’s decline reopens this week after a massive six-year multimillion dollar renovation by Ford Motor Co., which restored the Michigan Central Station to its past grandeur with a focus squarely on the future of mobility.
  • An icon of Detroit’s ruin is now a symbol of Motor City’s economic resurgence
  • CNN executive Rachel Smolkin named CEO of Oregon Public Broadcasting
  • UK Prime Minister Rishi Sunak was just fact-checked by his own government
  • NFL faces multi-billion dollar antitrust suit over its Sunday Ticket package
  • The Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California.
  • Starbucks teams up with Grubhub on delivery
  • Interest rates are coming down in Europe. The Fed won’t follow yet
  • The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and “endless shrimp” promotion backfired against company revenue.
  • Red Lobster closings: These are the locations it wants to shut down
  • Why Friday’s jobs report could be one for the record books
  • It’s all fun and games now at these dead former Sears stores
  • Middle-class Americans are falling behind
  • The Wall Street Journal’s story about Biden’s mental acuity suffers from glaring problems
  • New York’s governor said congestion pricing would hurt the economy. Businesses disagree
  • India wants to be the next China. Half of its population holds the key
  • Columbia Law Review website is taken down after publishing an article criticizing Israel
  • Lululemon dominated the pricey athleisure market for years. Now it faces big competition
  • Walmart starts bonus program for hourly workers
  • Texas is coming for Wall Street with a new BlackRock-backed stock exchange
  • Nvidia surpasses Apple to become the second-largest public company in the US
  • Palestinian-American sues Meta, alleging speech discrimination on platform
  • British banknotes featuring King Charles III enter circulation

To see this image below in a larger size click the image and follow the prompts.

Yahoo-ManufacturedHomeCommunitiesMobileHomeParksFactoriesBuildingSuppliersFinanceStocksEquitiesClosingDataYahooFinanceLog6.6.2024MHProNews
In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. 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.

 

Headlines from right-of-center Newsmax – 6.6.2024

  • Biden Says He Would Not Pardon Son Hunter
  • In an interview that is set to air later Thursday, Biden told ABC News “World News Tonight” that he would respect the verdicts in either of the cases involving Hunter, one a federal gun crimes trial, currently underway, and the other tax evasion. [Full Story]
  • Remember D-Day — 80th Anniversary
  • Figure Who Worked in Shadows on D-Day Gets France’s Highest Honor
  • McCaul: US Must Back Allies, Like During WWII | video
  • Manchin: D-Day Shows Importance of Vigilance
  • Biden Promotes Solidarity With Ukraine at D-Day Ceremony
  • McConnell Warns Against Repeating 1930s Errors
  • Criticism Surges Over Biden’s D-Day Speech in Normandy
  • Pope: Fading Memory of WWII Raises Conflict Fears
  • Centenarian Remains Among Few to Recall D-Day
  • Read: Eisenhower’s D-Day Statement to the Troops
  • WWII Veterans Return to the Beaches of Normandy
  • Congressional Delegation Marks D-Day in Normandy | video
  • Israel at War
  • US Hostages’ Kin Plead: Don’t Forget Fellow Citizens
  • Israel Strikes Hamas Hiding at Gaza School
  • Israel: Hostage Talks to Be Conducted ‘Only Under Fire’
  • Pentagon: Gaza Pier Will Cost $90 Million Less Than Expected
  • Hamas Leader Demands Full End to Gaza War
  • Ex-Meta Engineer Sues for Firing Over Gaza Content
  • Dems Rage at Schumer, Jeffries Over Bibi Invite
  • Ex-Israel Defense Boss: Iran Wants ‘Holocaust’ in 2 Years
  • Newsmax TV
  • Brian Mast: Biden ‘Pretender-in-Chief’
  • Napolitano: ‘Mountain of Evidence’ Hunter Was Drug User | video
  • Wesley Clark: Ukraine, Like US on D-Day, Brave | video
  • Blaine Holt: Biden Normandy Speech ‘Missed Opportunity’ | video
  • Lankford: Biden’s Border Action Prompted by Polls | video
  • Jordan: Hunter Gun Case Distracts From Bigger Ones | video
  • RFK Jr.: Media Needs to Call Out Fauci on Perjuries | video
  • Matt Whitaker: Hunter Has ‘Home-Field Advantage’ | video
  • Newsfront
  • Bannon to Reporters: No Prison Built Will Ever Shut Me Up
  • Following an order by a federal judge to report to prison on July 1, Steven Bannon told reporters in Washington, D.C., on Thursday that “there is not a prison built or a jail built that will ever shut me up.”… [Full Story] | video
  • Related Stories
  • Bannon Ordered to Prison for Defying Jan. 6 Probe
  • McConnell: Punish Dems Over SCOTUS Recusal Demands
  • Senate Minority Leader Mitch McConnell, R-Ky., asserted that the [Full Story] | video
  • No Effect? Migrants Keep Coming to the US, Despite Biden’s New Rules
  • Freddy Sanchez and his family walked for days under a scorching sun, [Full Story]
  • Biden Says He Would Not Pardon Hunter
  • President Joe Biden said Thursday that he has ruled out using his [Full Story] | video
  • Related
  • Beau Biden Widow: ‘Stupid’ for Tossing Hunter’s Gun |video
  • Florida Mail-In Voting Limits Could Hurt Dems in November
  • Changes to mail-in voting practices in Florida could have an outsized [Full Story] | video
  • Related
  • ACLU Plans to Fight Trump’s Immigrant Raids, Mass Deportations
  • DNC Touts Trump as Convicted Felon in Ariz. Billboard
  • Centenarian Remains Among Few to Recall D-Day
  • The grueling 15-day journey zigzagging across the Atlantic from New [Full Story]
  • Related
  • Congressional Delegation to Commemorate D-Day in Normandy |video
  • Biden Lands in France for D-Day Anniversary Speech
  • Last WWII Vets Converge on Normandy for D-Day and Fallen Friends
  • Supreme Court May Limit Biden Tool for Abortion Access
  • The Supreme Court is set to issue a ruling on whether a state that [Full Story]
  • ICBM Tests Raise Doubts About Weapons System
  • The military reportedly test-fired two unarmed Minuteman III [Full Story]
  • Putin: Might Arm West Enemies to Punish Aiding Ukraine
  • The Kremlin said Thursday that Western nations which supply Ukraine [Full Story]
  • Related
  • Biden: Ukraine Can Use US Weapons Near Russian Border
  • Russian Warships Head to Caribbean in Show of Force Near US
  • Ukraine Hits Russian Oil Facilities as Zelenskyy Joins D-Day Events
  • Ukraine Uses US Weapons to Strike Inside Russia, Say Senator, Western Official
  • Ukraine Peace Summit Aims to Open Door to Talks With Russia
  • Report: Clooney Irked by White House Response to ICC
  • Actor George Clooney called a top aide to President Joe Biden to [Full Story]
  • Progressive Caucus Ditches Mondaire Jones
  • The Congressional Progressive Caucus PAC is rescinding its [Full Story]
  • Biden Says He’s Known ‘Dictator’ Putin for 40 Years
  • President Joe Biden on Thursday labeled Russian counterpart Vladimir [Full Story]
  • UPenn Bans Encampments in New Protest Guidelines
  • The University of Pennsylvania released new temporary guidelines for [Full Story]
  • FDA Has No Major Concerns With Lilly Alzheimer’s Drug
  • An FDA analysis of trial data for Eli Lilly’s experimental [Full Story]
  • Report: US College Dropouts Rose to 36.8M in 2022
  • The number of college dropouts age 18 to 64 climbed to 36.8 million [Full Story]
  • UNGA Elects 5 Nations to UN Security Council
  • The United Nations General Assembly on Thursday elected Denmark, [Full Story]
  • Comer Presses IRS on ESG Practices
  • House Oversight and Accountability Committee Chairman JamesComer, [Full Story]
  • GOP Debates Benefits for Victims of Radiation
  • Republican divisions over benefits for victims of nuclear weapons [Full Story]
  • Russia’s Population Decline ‘Pressing’ Problem
  • The collapse of the Soviet Union, the COVID-19 pandemic and now the [Full Story] | video
  • N.J. Governor Slammed for Public Records Overhaul
  • Worried about possible corruption, critics are hammering New Jersey [Full Story]
  • Adrift Ship Forces Closure of South Carolina Bridge
  • The U.S. Coast Guard was investigating how a large shipping vessel [Full Story]
  • Gilgo Beach Suspect Charged With 2 More Murders
  • The New York architect previously accused of killing four women and [Full Story]
  • Bannon Ordered to Prison for Defying Jan. 6 Probe
  • Steve Bannon, a former top adviser to Donald Trump, must report to [Full Story]
  • NY Times Poll: Trump’s Lead Narrows After Verdict
  • Former President Donald Trump’s polling numbers over President Joe [Full Story]
  • School Forced to Rescind Pledge of Allegiance Mandate
  • A public elementary school in Frederick County, Maryland, reversed [Full Story] | video
  • Emerson Poll: Trump’s Support Same After Verdict
  • A new Emerson College Polling survey shows that former President [Full Story]
  • World Leaders, Vets Honor D-Day’s 80th Anniversary
  • World leaders paid tribute to veterans and pledged to continue to [Full Story]
  • Trump Courts Young Voters, Takes It to Biden on TikTok
  • Donald Trump plans to post a stream of short-form videos on TikTok [Full Story]
  • Taiwan Invasion Drills Latest Step in Chinese Belligerence
  • The aggressive Chinese military expansion and accompanying rhetoric, [Full Story] | Platinum Article
  • Investor: ‘Hidden Rolling Recession’ Warrants Rate Cut
  • U.S. interest rates are likely to fall by a “surprisingly large” [Full Story]
  • US Opens Antitrust Inquiry of Microsoft, Nvidia, OpenAI
  • The Justice Department and the Federal Trade Commission have reached [Full Story]
  • More Newsfront
  • Finance
  • Amazon Union Moves to Affiliate With Teamsters
  • The Amazon Labor Union, a grassroots labor group that won a major victory at an Amazon warehouse two years ago, has agreed to affiliate with the Teamsters union, a move that is bound to inject new energy into the struggling organization…. [Full Story]
  • FDA Rescinds Marketing Ban on Juul Products
  • TJ Maxx Employees Wearing Body Cameras to Stop Shoplifters
  • Novo Nordisk Braces for Generic Challenge to Ozempic, Wegovy in China
  • Meta Faces Call in EU Not to Use Personal Data for AI Models
  • More Finance
  • Health
  • 8 Water Additives That Enhance Taste, Health Benefits
  • Americans don’t drink enough water and this can lead to health issues such as dehydration, high blood pressure and constipation. About 75% of Americans are chronically dehydrated, according to studies. This condition is especially common in older adults and is a frequent…… [Full Story]
  • FDA Rescinds Marketing Ban on Juul Products
  • Scientists Uncover Key to Inflammatory Bowel Disease
  • Study: GLP-1 Obesity Meds Are Safe Before Surgery
  • Novo Nordisk Braces for Generic Challenge to Ozempic, Wegovy in China

 

Notice: MHProNews invites the firms named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, until 5.9.2024, neither MHI nor most MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including but not limited to an outreach on Dec 7, 2o23 and Feb 25, 2024.

 

 

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top