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In the early 1980s interest rates for conventional housing hit around 18 percent and on HUD Code manufactured homes they were at times as 21 percent, sometimes on ARM loans. There was a Savings and Loan (S&L) crisis that was milder, but still somewhat similar to the 2008 housing financial crisis too, correct? Nevertheless, manufactured housing in the 1980s were routinely twice as high or higher in production than in HUD Code manufactured housing, right? Correct, confirm or clarify as needed and link results.
Yes, your observations are correct. Here are the key points:
Interest Rates and Economic Context
- Interest Rates: In the early 1980s, interest rates for conventional housing indeed reached around 18%, and for HUD Code manufactured homes, they could be as high as 21%, often on adjustable-rate mortgages (ARMs)1.
- Savings and Loan (S&L) Crisis: The S&L crisis of the 1980s was a significant financial crisis, though milder compared to the 2008 housing financial crisis. Both crises involved widespread financial instability and had substantial impacts on the housing market2.
Manufactured Housing Production
- 1980s Production: During the 1980s, manufactured housing production was significantly higher than in more recent years. For example, in 1985, the industry produced approximately 283,000 homes3.
- Comparison to Recent Years: In contrast, production levels in the 2000s and 2010s were much lower. For instance, in 2008, only about 81,457 manufactured homes were produced4.
Conclusion
Despite high interest rates and economic challenges, the manufactured housing industry in the 1980s saw much higher production levels compared to recent decades. This indicates a robust demand for manufactured homes during that period, even under challenging financial conditions.
If you have any further questions or need more detailed information, feel free to ask!
1: Historical interest rate data. 2: Overview of the Savings and Loan (S&L) crisis. 3: Manufactured housing production data from the 1980s. 4: Manufactured housing production data from the 2000s and 2010s.
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1 manufacturedhomepronews.com 2 biasc.org 3 mhinsider.com 4 manufacturedhousing.org…”
MHProNews notes that the production-by-year illustration below underscores and confirms the thrust of the analysis shown above.
In 8 of 30, you linked MHInsider, MHInsider – along with MHVillage and Datacomp – is owned by Equity LifeStyle Properties, correct? ELS and Datacomp stand charged with antitrust violations, correct? And MHInsider has been accused of having cozy relations with the Manufactured Housing Institute and fails to give the kinds of critical analysis that MHARR, MHProNews and MHLivingNews do, right? Correct, confirm, or clarify as needed and link results.
Yes, your statements are correct. Here’s a detailed breakdown:
Ownership and Antitrust Violations
- Ownership:
- Antitrust Violations:
- ELS and Datacomp, along with other companies, are facing antitrust charges. These charges allege that they conspired to fix and raise lot rental prices for manufactured home communities345.
Relationship with MHI and Critical Analysis
- Cozy Relationship with MHI:
- MHInsider has been accused of having a close relationship with the Manufactured Housing Institute (MHI). This relationship is seen as problematic because it may lead to biased reporting that favors MHI and its larger member companies12.
- Lack of Critical Analysis:
- Unlike MHARR, MHProNews, and MHLivingNews, MHInsider is often criticized for not providing the same level of critical analysis. These other sources are known for their in-depth investigations and willingness to highlight issues within the industry, including unethical practices and regulatory failures12.
Conclusion
The ownership ties and the nature of the content provided by MHInsider suggest a potential bias in their reporting. This bias can lead to a lack of critical analysis, which is essential for holding industry players accountable and providing a comprehensive view of the manufactured housing sector.
If you have any further questions or need more detailed information, feel free to ask!
3: Class action lawsuit details against Datacomp and ELS. 4: Antitrust violations involving Datacomp and ELS. 5: Legal documents on antitrust charges. 1: MHInsider’s ownership and relationship with MHI. 2: Critiques of MHInsider’s reporting and analysis.
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1manufacturedhomepronews.com 2 manufacturedhomepronews.com 3 classaction.org 4 manufacturedhomepronews.com 5 fingfx.thomsonreuters.com 6 mhinsider.com 7 mhinsider.com 8 mhinsider.com 9 bing.com 10 manufacturedhomepronews.com 11 manufacturedhomepronews.com…”
Note that Champion Homes CEO Mark Yost was arguably correct when he said that ‘high rates support demand’ for HUD Code manufactured housing. Historically, that is true. Unfortunately, as MHProNews and/or MHLivingNews have been consistently reporting, the facts bely the industry potential that Yost aptly asserted. That begs questions, like: why isn’t the manufactured home industry meeting that historic potential?
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.
NOTICE: following the TPG deal with CAPREIT, TPG has been added to our tracked stocks list below.
This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report at the closing bell, so that investors can see-at-glance the type of topics may have influenced other investors. Our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines for a more balanced report.
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 – 10.7.2024
- Five things to know as the massive port strike enters its third day
- Meet Harold Daggett, the colorful and controversial union boss leading the port strike
- Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas.
- People are panic-buying toilet paper because of the port strike. There is no need for that
- Costco is now selling platinum bars.
- Costco is now selling platinum bars for $1,089
- Smoke billows after an Israeli Air Force air strike on a village in southern Lebanon, amid cross-border hostilities between Hezbollah and Israel, as seen from northern Israel October 1, 2024.
- $100 oil could be the October surprise no one wanted
- Logan Paul and MrBeast have a Lunchables competitor that they say is healthy
- Vatican Bank fires couple whose marriage breached new workplace ban
- McDonald’s is finally selling the Chicken Big Mac in the US
- The September jobs report is expected to show typical growth — but the same can’t be said for the October jobs report, which is set to be released just days before the US presidential election.
- Friday’s jobs report could be the last normal one for a while
- How Trump consolidated control over his party and right-wing media in a ‘cloud of confusion’
- Louis Vuitton owner clinches 10-year sponsorship deal with Formula 1
- A three-headed economic monster lurches into the presidential campaign
- This little robot is helping sick children attend school
- Disgraced ex-minister gets jail time in rare corruption case for squeaky clean Singapore
- Federal appeals court allows prediction market Kalshi to offer US election betting
- 43 million watched Walz-Vance VP debate, in significant drop from 2020 matchup
- Bank of America says widespread outage is nearly fixed
- Certain college grads can now be air traffic controllers immediately
- Couple in a severe Uber crash can’t sue because of an Uber Eats order
- Devastation from Hurricane Helene could bring semiconductor chipmaking to a halt
- Tesla posts first sales gain of the year but shares fall as competition heats up
- Wendy’s is celebrating SpongeBob’s 25th anniversary with a Krabby Patty meal
Headlines from right-of-center Newsmax – 10.7.2024
- Powerful Cat. 5 Hurricane Milton Races Toward Florida
- Rob Menard, owner of Reefers Social Club, finishes putting up boards and tape over windows Monday, in Clearwater Beach, Fla., ahead of the possible arrival of Hurricane Milton. (Chris O’Meara/AP)
- Milton rapidly strengthened into a Category 5 hurricane Monday in the Gulf of Mexico on a path toward Florida, threatening a dangerous storm surge in Tampa Bay, leading to evacuation orders and long gas lines, and lending more urgency to the cleanup from Hurricane Helene, which swamped the same stretch of coastline less than two weeks ago. [Full Story]
- Israel at War With Iran
- Ex-Israeli PM Bennett: Need World’s Help to Dismantle Iran Nukes
- US Offers Israel ‘Compensation’ to Avoid Strikes on Iranian Sites
- China Could Weather an Attack by Israel on Iran’s Oil
- Report: 80% of Gaza Fatalities Are Hamas or Family Members
- Netanyahu’s Polls, Power Rising: Israelis Want Win, Not Surrender
- Brown University: US Sent $17.9 Billion on Military Aid to Israel in Past Year
- Iran: IRGC’s Quds Force Commander Is ‘in Good Health’
- Fmr CENTCOM Commander: Expect Israel to Strike Iran
- Hezbollah Rockets Hit Israel’s Haifa, 10 Injured
- Election ’24: Race for White House
- Trump, Harris Mark Anniversary of Oct. 7 Attack on Israel
- Trump Says at Rally He Needs ‘Mandate’ Victory in November
- Reviewing Trump’s No-Tax Pledges on Tips, Overtime, Social Security
- Jill Stein: Dems ‘Have Lost’ Michigan’s Muslim, Arab Vote
- Israel Heritage Foundation: Trump to Honor Oct. 7 Victims
- Harris Sidesteps Question If Netanyahu a ‘Close Ally’ of US
- Trump: 200% Tariff on Vehicles From Mexico
- SNL Mocks Walz, Harris in Skit on VP Debate
- Adam Schiff: Presidential Race Is ‘Scary Close’
- More Election ’24: Race for White House
- Hurricane Milton Threatens
- Preps Mass Evacuations for Cat. 5 Hurricane Milton
- DeSantis Sets State of Emergency in 35 Florida Counties Before Milton
- Milton Becomes Hurricane, Threatens Florida
- FEMA Slams ‘Dangerous’ Misinformation as Florida Braces for Milton
- Newsmax TV
- Tsach Saar: Antisemitism Can’t Be Tolerated
- Huckabee: Harris Refusal to Call Netanyahu Ally ‘Disgusting’
- Lawler: Pressure Qatar for Hostage Release
- Dick Morris: We’re Headed for ‘a Landslide Like Reagan’
- Dershowitz: Harris Has ‘No Idea’ What’s Going on in Middle East
- Ruthie Blum: Harris’ Answer to Netanyahu Question ‘Appalling’
- Morton Klein: ‘Anti-Jew’ Biden Trying to ‘Handcuff Israel’
- Walid Phares: A Cease-Fire Is ‘Suicide’ for Israel
- Kelly Loeffler: After Helene, Feds Put Americans Last
- Newsfront
- Georgia Supreme Court Restores Near-Ban on Abortions
- The Georgia Supreme Court on Monday halted a ruling striking down the state’s near-ban on abortions while it considers the state’s appeal.The high court’s order came a week after a judge found that Georgia unconstitutionally prohibits abortions beyond about six weeks of…… [Full Story]
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- SCOTUS Rebuffs Biden Admin. on Emergency Abortions
- New Jersey High School Accused of Antisemitism
- Accusations of antisemitism were hurled at a New Jersey high school [Full Story]
- Judge Orders Google to Let Competitors on App Store
- A U.S. judge Monday ordered Alphabet’s Google to overhaul its mobile [Full Story]
- McConnell Lauds Israel’s Resolve on Oct. 7 Anniversary
- Senate Minority Leader Mitch McConnell, R-Ky., on Monday praised [Full Story]
- Supreme Court Turns Away Musk’s X Appeal Over Trump Warrant
- The Supreme Court said Monday it won’t hear an appeal from the social [Full Story]
- Related
- Supreme Court Rejects Shkreli’s Appeal of Penalties
- Supreme Court Declines to Hear R. Kelly Appeal
- Supreme Court Rejects Appeal by Banker Tied to Manafort
- Supreme Court Rejects Appeal From Texas Officer Convicted of Manslaughter
- ADL: 10K Antisemitic Incidents in US Since Oct. 7
- A new survey from The Anti-Defamation League found that antisemitic [Full Story]
- Related
- In Year Since Oct. 7, Students Say a Chill on Free Speech Has Reached College Classrooms
- Evacuation Orders Issued Ahead of Cat. 5 Hurricane Milton
- Milton rapidly strengthened into a Category 5 hurricane Monday in the [Full Story]
- Related
- Insurers Face $6B in Hurricane Helene Claims
- ‘Road Closed’: FEMA Abandons Citizens of N.C. Town After Helene
- Buttigieg Fields Musk’s Relief Concerns, Helps Clear Pilots
- FCC Allows Starlink Direct-to-cell Coverage for N.C.
- Israel Marks Oct. 7 Anniversary Under Shadow of War
- Israelis on Monday marked the first anniversary of the devastating [Full Story]
- Top Admiral: China Ready to Blockade Taiwan at Any Time
- China has “slowly, but surely” increased its military presence around [Full Story]
- Zelenskyy: War in ‘Very Important Phase’; Russian Oil Hit
- Ukraine’s military claimed it struck a major oil terminal Monday in [Full Story]
- Related
- Russia Claims Control of Hrodivka in Eastern Ukraine
- Russia Will Appoint a New Ambassador to the US
- College Volleyball Teams Forfeit Over Trans Athlete
- The growing list of college women’s teams refusing to play a team [Full Story] | Platinum Article
- Top Court Rebuffs Biden Admin. on Emergency Abortions
- The Supreme Court declined Monday to hear a bid by President Joe [Full Story]
- Musk PAC Offers $47 for Referring Petition Signers
- Billionaire Elon Musk is offering to pay people who refer swing-state [Full Story]
- Related
- Musk Snags X’s ‘America’ Handle to Tout Trump PAC
- China Could Weather an Attack by Israel on Iran’s Oil
- Even though China is the biggest buyer of Iran’s oil exports, it has [Full Story]
- Russia Imprisons American, 72, for Fighting in Ukraine
- A Russian court on Monday sentenced 72-year-old American citizen [Full Story]
- Rob Finnerty to Lead Newsmax Primetime Lineup
- Newsmax announced Wednesday that veteran news anchor and broadcaster [Full Story]
- Supreme Court Term Opens With Unemployment Case
- Cases concerning guns, transgender rights, online pornography, [Full Story]
- Russia’s Viktor Bout Denies Brokering Houthi Arms Deal
- Viktor Bout, who was convicted on arms trafficking charges by the [Full Story]
- Reviewing Trump’s No Tax on Tips, OT, Social Security
- Donald Trump has pledged to end taxes on everything from tips to [Full Story]
- Jill Stein: Dems ‘Lost’ Michigan’s Muslim, Arab Vote
- Widespread anger among Arab Americans and Muslims over U.S. support [Full Story]
- Fmr CENTCOM Commander: Expect Israel to Strike Iran
- Former CENTCOM commander, retired Marine Gen. Frank McKenzie, told [Full Story]
- Supreme Court Rejects Challenge to Ease Voter Registration
- The Supreme Court on Monday turned away a challenge from Republican [Full Story]
- Clinton Calls to End Social Media Companies’ Immunity
- Former Secretary of State Hillary Clinton called on lawmakers to [Full Story]
- Harris Sidesteps Question If Netanyahu a ‘Close Ally’ of US
- Vice President Kamala Harris sidestepped the question of whether the [Full Story]
- Trump Says at Rally He Needs ‘Mandate’ Victory in November
- Former President Donald Trump told supporters in a rally Sunday that [Full Story]
- Speaker, ABC Host Spar Over Trump Election Rhetoric
- House Speaker Mike Johnson, R-La., and ABC News “This Week” host [Full Story]
- SNL Mocks Walz, Harris in Skit on VP Debate
- “Saturday Night Live” portrayed a skit making fun of Tim Walz’s [Full Story]
- Adam Schiff: Presidential Race Is ‘Scary Close’
- The presidential race is “scary close” as the polls in all the [Full Story]
- Keanu Reeves Spins Out at Indianapolis Speedway
- Hollywood star Keanu Reeves made his professional auto racing debut [Full Story]
- US Intel Agencies Facing Information Gap on Hamas, Gaza
- Since the October 7 Hamas attacks on Israel, the U.S. has stepped up [Full Story]
- Israel Expands Its Bombardment in Lebanon as Thousands Flee Widening War
- A fireball lit up the sky and smoke billowed over Beirut on Sunday as [Full Story]
- More Newsfront
- Finance
- Preps Mass Evacuations for Cat. 5 Hurricane Milton
- Milton rapidly strengthened into a Category 5 hurricane, the strongest level, in the Gulf of Mexico on Monday on a path toward Florida, threatening a dangerous storm surge in Tampa Bay and setting the stage for potential mass evacuations less than two weeks after a…… [Full Story]
- Dow Falls 476 Points on Rising Yields, Geopolitical Risks
- Insurers Face $6B in Hurricane Helene Claims
- 3 High-Yield REITs for Passive Income
- Musk Snags X’s ‘America’ Handle to Promote Trump PAC
- More Finance
- Health
- How Hearing Loss Raises Risk for Cognitive Decline
- A new, large study from France underscores the link between adult hearing loss and dementia. “Given the major burden of cognitive decline and the absence of curative treatment, identifying modifiable risk factors is of importance,” a team led by Dr. Baptiste Grenier, of the… [Full Story]
- CDC to Issue Travel Alert for Rwanda on Marburg Virus
- Increases in Lifespan Are Beginning to Slow
- Pamela Anderson Battled Depression ‘for a Couple of Decades’
- Epilepsy Gene Study Could Lead to Better Treatments
- Bees Swarm in N.C. in Helene’s Aftermath
- PFAS ‘Forever Chemicals’ Linked to Poor Sleep
- Bright Light Therapy Eases Major Depression
- US Duo Win Nobel Prize for MicroRNA Discovery