Facts always are what they are. Evidence should trump mere opinion, no matter how sugar coated. The realities in this report merit careful consideration by industry and individual business leaders who authentically desire robust growth for HUD Code manufactured homes. What is ‘bad’ or problematic news for conventional housing could potentially be good news for manufactured home producers and sellers. That potential is obviously not being tapped to the extent that the data in this report will reflect. What follows are facts and figures from reports by Yahoo Finance and Fox Business. They in turn cite the National Association of Home Builders (NAHB), the National Association of Realtors (NAR), and federal data, among other sources. These factoids will be contrasted to what is occurring the recreational vehicle (RV) industry. Why RVs?
- Because RVs, like manufactured homes, are factory built.
- RVs are historically a ‘sister industry’ to mobile homes, and the trailer houses of yesteryear. Those eventually evolved into early manufactured homes, which were built on or after June 15, 1976. Later, post-Manufactured Housing Improvement Act of 2000 (MHIA) manufactured homes entered the market which industry pros often say are arguably the best manufactured homes ever.
- RV data is also an objective reminder of what manufactured housing used to achieve in the 1990s or before, but which has been lacking in the 21st century.
With that backdrop, the first two videos below are from Yahoo Finance News. The first is dated 3.23.2022, the other is from the prior week.
Fox Business said on 3.25.2022 said: “Home sales see broad nationwide drop.” Their report by Breck Dumas stated that: “Pending home sales declined in February for the fourth month in a row, as would-be buyers grapple with fewer, pricier homes to choose from and rising interest rates.”
From MHFIN is this video report from early March 2022. It proclaimed “The Coming Housing Crash…” They use video clips that include data and analysis. But it also a video from a real estate agent who captured the line of prospective buyers to see a listed property that was less than impressive.
The latest graphics from NAR are as follows.
Back to Dumas’ for Fox Business are these bullets. Quoting:
- Contract signings dropped by 4.1% last month from January and were down 5.4% year over year with all four regions in the U.S. seeing a decline, according to the latest data from the National Association of Realtors.
- MORTGAGE REFIS DOWN 50% VERSUS YEAR AGO
- “Pending transactions diminished in February mainly due to the low number of homes for sale,” said Lawrence Yun, NAR’s chief economist. “Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.’”
- Inventory for homes was at an all-time low heading into the month, and mortgage loan sizes were near record highs despite interest rates breaching 4%. As of February, the average mortgage payment was 28% higher than the same month last year.
- Yun anticipates a 7% decline in home sales this year compared to last, and forecasts that rates will hover around 4.5% to 5% for the remainder of 2022.
2022 Facts and Figures from the RVIA
Condor provided the follow data points about U.S. RVing (2020-2021).
- Approximately 1 million Americans live in recreational vehicles full-time.
- RV ownership has grown from 7.9 million households in 2005 to over 9 million today.
- Over 11% of US households own a recreational vehicle.
So, per RV industry data, for most people RVing is – recreational, not for full time living. That means it is for millions a discretionary purchase. This was accomplished in part due to the success of that industry’s GoRVing campaign, per industry officials. Note most RVs sold are towable as opposed to motorized.
To see the comparison, in 1998, about 3 manufactured homes (MHs) were sold for every 2 RVs.
But in 2021, that had flipped to approaching 6 RVs per 1 MH sold.
Additional facts and insights are found in the reports linked above and below.
The bottom line? When millions of housing units are needed, and the RV industry is producing at a SAAR rate of over 600,000+ new units per year, who can argue that manufactured housing is unable to ramp up as much as possible and achieve similar or higher production levels?
But the manufactured home story is not being robustly told by the Manufactured Housing Institute (MHI) and their dominating brands. See the related reports.
Next up is our daily business news recap of yesterday evening’s market report, related left-right headlines, and manufactured housing connected equities.
The Business Daily Manufactured Home Industry Connected Stock Market Updates. Plus, Market Moving Left leaning CNN and Right-leaning (Newsmax) Headlines Snapshot. While the layout of this daily business report has been evolving over time, several elements of the basic concepts used previously are still the same. For instance. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market-moving’ news items.
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Headlines from left-of-center CNN Business – from the evening of 3.25.2022
- Aggressive call
- New homes under construction are seen at a housing development on March 23, 2022 in Novato, California. According to a report by the Commerce Department, sales of new single-family homes slowed in February as mortgage rates inch up and and house prices continue to rise.
- Inflation is so hot the Fed may have to hike interest rates like it’s 1994
- US consumer sentiment fell again amid rising rates, war and inflation
- Can America fix Europe’s gas problem?
- Ukrainian crew member who tried to sink a yacht linked to an oligarch: ‘It was my first step for the war with Russia’
- Gas prices are high. Oil CEOs reveal why they’re not drilling more
- Economic pain from Russia’s war is getting real
- Did you see the viral flying Tesla? It wrecked this man’s car
- Instacart slashes its valuation to $24 billion
- BlackRock says Russia’s war in Ukraine is the end of globalization
- As one union election at an Amazon warehouse ends, another is beginning
- Deepfakes are now trying to change the course of war
- China Eastern Airlines grounds 223 Boeing 737-800 aircraft after crash
- Mortgage rates keep climbing
- Court dismisses Washington Post reporter’s lawsuit against the paper and its former top editor
- Qatar’s Energy Minister and President and CEO of QatarEnergy Saad Sherida al-Kaabi speaks at a joint press conference with the Egyptian Petroleum Minister and the Gas Exporting Countries Forum (GECF) secretary-general during the GECF summit in Qatar’s capital Doha on February 22, 2022.
- Europe can’t live without Russian gas. Can this tiny Middle East country help?
- A shopper walks through a grocery store in Washington, DC, on March 13, 2022.
- Recession risks are ‘uncomfortably high and moving higher,’ Mark Zandi says
- Robert Pattinson in “The Batman” (2022).
- Deleted Joker scene hints at big plans for ‘The Batman’ franchise
- TESLA
- Tesla owners say they are wowed — and alarmed — by ‘full self-driving’
- Tesla delivers first cars from Berlin factory
- Cheapest Model 3 now costs $46,990
- Tesla plunges seven spots in Consumer Reports ranking
- Musk blames ‘fun police’ for recall of feature
- LABOR
- Teamsters Local 25 President Sean O’Brien, the new general president elect of the International Brotherhood of Teamsters, speaks during the Teamsters Local 25 monthly meeting on November 21, 2021 in Charlestown, Massachusetts.
- This new union boss could start the biggest strike in decades
- Union organizers win another Starbucks vote
- Elon Musk challenges UAW to unionize Tesla
- US unions are better off, but still a long way
- Didi and JD.com are letting their workers unionize
Headlines from right-of-center Newsmax – evening of 3.25.2022
- Satellite Images Reveal Heavily Damaged Russian Ship at Ukraine Port
- Overview of capsized ship and burning storage tank, port of Berdyansk, Ukraine. (Satellite Image ©2022 Maxar Technologies)
- Biden in Europe
- Biden Gets Irritated at Reporters in Brussels, Says He’s Up to Job
- Miles from Ukraine, Biden Sees Refugee Crisis in Poland
- US, EU Strike LNG Deal to Cut Russian Gas
- Biden: Xi Knows China’s Future Is Linked to West
- Biden: I’d Be ‘Very Fortunate’ If Trump Runs Again
- Biden: Food Shortage May Result From Sanctions | video
- Ex-Thatcher Adviser to Newsmax: Biden NATO Press Conference a ‘Train Wreck’ | video
- Biden: US Will Respond to Russia Use of Chem Weapons
- Nuclear War Possibility Looms Over NATO Talks
- More Biden in Europe
- Russian Invasion of Ukraine
- Putin: West Out to Cancel Russian Culture, Like Tchaikovsky
- War Crimes Watch: Russia’s Onslaught on Ukrainian Hospitals
- FCC Adds Russia Computer Lab, China Telecoms to National Security Threat List
- Ukraine Posts Video of Russian Nuclear Workers Criticizing Moscow
- Satellite Images Reveal Heavily Damaged Russian Ship at Ukraine Port
- Officials: 300 Dead in Airstrike on Theater in Mariupol
- Ukrainian Minister Says Negotiations With Russia Difficult
- Russia Notes American Mercenaries in Ukraine
- Ukraine Says It Repulsed Attack on Chernobyl Workers’ Town
- UN Sees Evidence Growing of Mariupol Mass Graves
- Lavrov: Russia Facing ‘Total War’ From West
- More Russian Invasion of Ukraine
- Newsmax TV
- Murphy: Blame Biden for Gas Crunch, Not War
- Murphy: Blame Biden for Gas Crunch, Not War | video
- Oz to Newsmax: Will Keep Fighting After Dismissal From Fitness Council | video
- Nehls: Biden’s Comments on Ukraine Too Confusing | video
- Chad Wolf: US Must Properly Vet Ukrainian Refugees
- Peter Navarro: US Facing ‘Partisan Attack on Executive Privilege’ | video
- Ex-PM Tymoshenko: Ukraine Rejects Russia’s Ultimatums | video
- More Newsmax TV
- Newsfront
- Mike Pence: Start ‘Berlin Airlift for the 21st Century’ for Ukraine
- The Biden administration should “immediately” transfer MiG fighter jets now in Poland to Ukraine, as well as continuing to provide ground-based anti-aircraft systems, but first, humanitarian aid is needed, former Vice President Mike Pence said…. [Full Story]
- House Leaders Urge Nebraska Rep. Fortenberry to Resign
- Republican U.S. Rep. Jeff Fortenberry on Friday faced growing [Full Story]
- FCC Adds Russia Computer Lab, China Telecoms to National Security Threat List
- The Federal Communications Commission (FCC) on Friday added Russia’s [Full Story]
- McCormick Rises in Pa. Senate Race
- With the GOP Senate primary in Pennsylvania just seven weeks away on [Full Story]
- AP-NORC Poll: Low Marks for Biden on Economy as Prices Rise
- A majority of Americans say they don’t blame President Joe Biden for [Full Story]
- Environmentalists Want It Both Ways on ‘Green’ Energy
- The Biden administration says “green energy” is the magic bullet [Full Story] | Platinum Article
- Spotify Says It Will Suspend Service in Russia
- Spotify Technology SA said Friday it will suspend its streaming [Full Story]
- 46% of Parents Believe School Mask Mandates Hurt Students’ Social Skills
- Nearly half of parents believe school mask mandates hurt their [Full Story]
- Did Pandemic ‘Virtual’ Schooling Lead to Violence, Mental Problems Plaguing Students?
- Two years into the pandemic, new data is lending support to those [Full Story] | Platinum Article
- Rasmussen Poll: Two-Thirds Say Hunter Biden Laptop Is Important Story
- Sixty-six percent of likely voters in the U.S. say they believe the [Full Story]
- US Officials Cancel Talks With Taliban Over Bar on Girls Education
- S. officials have canceled planned meetings in Doha with their [Full Story]
- Supreme Court Justice Thomas Released From Hospital
- Justice Clarence Thomas was discharged from the hospital Friday after [Full Story]
- Manchin to Vote for Supreme Court Nominee Jackson
- Democratic Senator Joe Manchin on Friday said he would vote to [Full Story]
- House GOP Readies ‘Bold Conservative Agenda’ Ahead of Midterms
- House Republicans are vowing to move ahead with an aggressive agenda [Full Story]
- Russia Notes American Mercenaries in Ukraine
- American mercenaries were helping to defend Ukraine against Russia’s [Full Story]
- NYC Workers Fear Crime, Hesitant to Return to City Jobs: Survey
- Large segments of New York City’s workforce say they’re thinking [Full Story]
- GOP Senators Introduce Resolution Opposing Palestinian Consulate in Jerusalem
- Republican senators have introduced legislation that opposes a [Full Story]
- Russian Ambassador Sues Italian Newspaper La Stampa
- The Russian ambassador to Italy, Sergey Razov, said on Friday he was [Full Story]
- Experts Worry About How US Will See Next COVID Surge Coming
- As coronavirus infections rise in some parts of the world, experts [Full Story]
- Manchin Open to Revised Version of Build Back Better
- Joe Manchin, D-W.Va., said he would be open to supporting a [Full Story]
- Four Russians Indicted in US for Energy Sector Hacks
- Four Russian agents have been indicted in the United States for [Full Story]
- Border Patrol Preparing for Spring Migrant Surge at Southern Border
- S. Border Patrol is girding for another record-breaking migrant [Full Story]
- GOP Opposition to Jackson on Supreme Court Grows
- Ketanji Brown Jackson is facing growing Republican opposition to [Full Story]
- NKorea Says It Test-Fired Biggest ICBM, US Adds Sanctions
- North Korea said Friday it test-fired its biggest-yet [Full Story]
- Russia Bigger Burden to China After Ukraine Invasion: Pentagon Official
- Russia’s invasion of Ukraine has made it more of a strategic burden [Full Story]
- Biden Contradicts Psaki: Food Shortage Could Occur Due to Russia Sanctions
- President Joe Biden warned on Thursday at the NATO summit in Brussels [Full Story] | video
- , Okla., Ky. Legislatures Pass Transgender Sports Bans
- Arizona, Oklahoma and Kentucky passed bills on Thursday that would [Full Story]
- Public Memorials Set for Late US Rep Don Young Next Week
- Public memorial services are planned for next week in the Washington, [Full Story]
- Biden Might Visit Ukraine Refugees Saturday in Poland
- President Joe Biden is planning to meet with Ukrainian refugees in [Full Story] | video
- US, Allies Call On Taliban to Reopen Girls Schools in Afghanistan
- The United States and other Western countries on Thursday condemned [Full Story]
- Ken Buck: Nominee Jackson, Not Congress, Responsible for Child Porn Sentences
- Ken Buck, R-Colo., told Newsmax on Thursday that Supreme Court [Full Story] | video
- Skip the Chiropractor & Do This for Neck & Shoulder Pain
- NeckRelax
- More Newsfront
- Finance
- Hedge Fund Launches Reach Highest Level Since 2017
- More hedge funds were launched last year than in any 12 months since 2017, with 614 added, as the industry posted double-digit returns, according to a report released by HFR on Friday…. [Full Story]
- Murphy to Newsmax: Blame Biden for Gas Prices, Shortages, Not the War
- GM to Temporarily Halt Truck Production at Indiana Plant Due to Chip Shortage
- US Adds Oil and Gas Rigs for Record 20th Month in a Row
- Apple Not Fully Compliant With Open Payment Order
- More Finance
- Health
- COVID Booster Remains Protective After 15 Weeks in Those Over 65: UK Study
- A booster dose of vaccine against COVID-19 continues to provide robust protection against hospitalization for older people nearly four months after getting the third dose, new data from the UK’s Health Security Agency on Thursday showed. Vaccine effectiveness against…… [Full Story]
- Noise Pollution Raises Your Risk for Heart Attack
- Health Experts Support End to Masks, Tests for Air Travel
- COVID Science: Omicron Less Severe for Pregnant Women
- Psychedelics For Mental Health Conditions May Interact With Other Medications
MHProNews has pioneered in our profession several reporting elements that keep our regular and attentive readers as arguably the best informed in the manufactured housing industry. Among the items shared after ‘every business day’ (when markets are open) is our left-right headline recap summary. At a glance in two to three minutes, key ‘market moving’ news items are covered from left-of-center CNN Business and right-of-center Newsmax. “We Provide, You Decide.” © Additionally, MHProNews provides expert commentary and analysis on the issues that others can’t or won’t cover that help explain why manufactured housing has been underperforming during the Berkshire era while an affordable housing crisis and hundreds of thousands of homeless in America rages on. These are “Industry News, Tips, and Views Pros Can Use” © features and others made and kept us the runaway #1 in manufactured housing trade publisher for a dozen years and counting.
Manufactured Housing Industry Investments Connected Equities Closing Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
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https://www.manufacturedhomepronews.com/nobility-homes-financial-position-very-strong-sales-strong-but-challenges-including-lending-and-others-examined-plus-manufactured-housing-stocks-update/ - 2022 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments. MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing and have completed over a dozen years of serving the industry as the runaway most-read trade media.
- 2022 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
Sample Kudos over the years…
It is now 12+ years and counting…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
