Existing housing inventory is up, says the National Association of Realtors (NAR) in a media release, but sales of existing homes dropped some 5.4 percent in June 2024. ‘The Median Sales Price Jumped to Record High of $426,900,” said the NAR’s release, which is provided below in Part I of this report with analysis. With a simple emailed request, the National Association of Realtors (NAR) provided MHProNews access to their press releases which are emailed directly to this platform for publication, as we in our sole discretion can opt to use or not. By comparison, the Manufactured Housing Institute (MHI) has repeatedly declined providing MHProNews with their emailed statements. Why that difference between MHI and NAR? More on that in Part II. Note the level of detail in the NAR statement that follows, which includes footnotes. It should be noted that the Manufactured Housing Association for Regulatory Reform (MHARR) also gladly provides MHProNews, and others in MHVille, with their media releases.

NAR noted that sales are down despite the marginal dip in interest rates.  Note that they provide historic context to the data they provide, with comparisons made between recent results, the prior month, prior years, and previously years among other data points.

Note that as part of Part II’s data there will be information from the National Association of Home Builders (NAHB) on average lot cost for a spec house. This provides a point of comparison for manufactured homes ‘with land added’ and existing or new conventional houses with land. Several facts, insights, and data points will be developed in this report, much of which are not organized and made available elsewhere in MHVille or beyond.

Part I – Per the NAR

NEWS RELEASE – Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900

Key Highlights

• Existing-home sales faded 5.4% in June to a seasonally adjusted annual rate of 3.89 million. Sales also slumped 5.4% from one year ago.

• The median existing-home sales price bounced 4.1% from June 2023 to $426,900 – the second straight month it reached an all-time high and the twelfth consecutive month of year-over-year price gains.
• The inventory of unsold existing homes rose 3.1% from the previous month to 1.32 million at the end of June, or the equivalent of 4.1 months’ supply at the current monthly sales pace.

WASHINGTON (July 23, 2024) – Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of Realtors^®. All four major U.S. regions posted sales declines. Year-over-year, sales waned in the Northeast, Midwest and South but were unchanged in the West.

Total existing-home sales^[1] – completed transactions that include single-family homes, townhomes, condominiums and co-ops – receded 5.4% from May to a seasonally adjusted annual rate of 3.89 million in June. Year-over-year, sales also dropped 5.4% (down from 4.11 million in June 2023).

“We’re seeing a slow shift from a seller’s market to a buyer’s market,” said NAR Chief Economist Lawrence Yun. “Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

Total housing inventory^[2] registered at the end of June was 1.32 million units, up 3.1% from May and 23.4% from one year ago (1.07 million). Unsold inventory sits at a 4.1-month supply at the current sales pace, up from 3.7 months in May and 3.1 months in June 2023. The last time unsold inventory posted a four-month supply was May 2020 (4.5 months).

The median existing-home price^[3] for all housing types in June was $426,900, an all-time high and an increase of 4.1% from one year ago ($410,100). All four U.S. regions registered price gains.

“Even as the median home price reached a new record high, further large accelerations are unlikely,” Yun added. “Supply and demand dynamics are nearing a balanced market condition. The months supply of inventory reached its highest level in more than four years.”

REALTORS^® Confidence Index

According to the monthly REALTORS^® Confidence Index, properties typically remained on the market for 22 days in June, down from 24 days in May but up from 18 days in June 2023.

First-time buyers were responsible for 29% of sales in June, down from 31% in May but up from 27% in June 2023. NAR’s 2023 Profile of Home Buyers and Sellers – released in November 2023^[4] – found that the annual share of first-time buyers was 32%.

All-cash sales accounted for 28% of transactions in June, unchanged from May and up from 26% one year ago.

Individual investors or second-home buyers, who make up many cash sales, purchased 16% of homes in June, identical to May and down from 18% in June 2023.

Distressed sales^[5] – foreclosures and short sales – represented 2% of sales in June, unchanged from last month and the previous year.

Mortgage Rates

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.77% as of July 18. That’s down from 6.89% one week ago and 6.78% one year ago.

Single-family and Condo/Co-op Sales

Single-family home sales retracted to a seasonally adjusted annual rate of 3.52 million in June, down 5.1% from 3.71 million in May and 4.3% from the prior year. The median existing single-family home price was $432,700 in June, up 4.1% from June 2023.

Existing condominium and co-op sales tumbled 7.5% in June to a seasonally adjusted annual rate of 370,000 units, down 14% from one year ago (430,000 units). The median existing condo price was $371,700 in June, up 2.6% from the previous year ($362,200).

Regional Breakdown

Existing-home sales in the Northeast in June withdrew 2.1% from May to an annual rate of 470,000, a decline of 6% from June 2023. The median price in the Northeast was $521,500, up 9.7% from one year earlier.

In the Midwest, existing-home sales decreased 8% from one month ago to an annual rate of 920,000 in June, down 6.1% from the prior year. The median price in the Midwest was $327,100, up 5.5% from June 2023.

Existing-home sales in the South slid 5.9% from May to an annual rate of 1.76 million in June, down 6.9% from one year before. The median price in the South was $373,000, up 1.7% from last year.

In the West, existing-home sales declined 2.6% in June to an annual rate of 740,000, identical to a year ago. The median price in the West was $629,800, up 3.5% from June 2023.

About the National Association of Realtors^®

The National Association of Realtors^® is America’s largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term Realtor^® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors^® and subscribes to its strict Code of Ethics.

# # #

For local information, please contact the local association of Realtors^® for data from local multiple listing services (MLS). Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

NOTE: NAR’s Pending Home Sales Index for June is scheduled for release on July 31, and Existing-Home Sales for July will be released on August 22. Release times are 10 a.m. Eastern.

Information about NAR is available at nar.realtor. This and other news releases are posted in the newsroom at nar.realtor/newsroom. Statistical data in this release, as well as other tables and surveys, are posted in the “Research and Statistics” tab.

^[1] Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR benchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.

Existing-home sales, based on closings, differ from the U.S. Census Bureau’s series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90% of total home sales, are based on a much larger data sample – about 40% of multiple listing service data each month – and typically are not subject to large prior-month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

^[2] Total inventory and month’s supply data are available back through 1999, while single-family inventory and month’s supply are available back to 1982 (prior to 1999, single-family sales accounted for more than 90% of transactions and condos were measured only on a quarterly basis).

^[3] The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper-end transactions. The only valid comparisons for median prices are with the same period a year earlier due to seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if additional data is received.

The national median condo/co-op price often is higher than the median single-family home price because condos are concentrated in higher-cost housing markets. However, in a given area, single-family homes typically sell for more than condos as seen in NAR’s quarterly metro area price reports.

^[4] Survey results represent owner-occupants and differ from separately reported monthly findings from NAR’s REALTORS^® Confidence Index, which include all types of buyers. The annual study only represents primary residence purchases, and does not include investor and vacation home buyers. Results include both new and existing homes.

^[5] Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR’s REALTORS^® Confidence Index, posted at nar.realtor. ##

Part II – Additional Information with More MHProNews Analysis and Commentary

1) The Manufactured Housing Association for Regulatory Reform (MHARR) issues a monthly report on new manufactured home production. Like the NAR, MHARR’s report is published free to the public. For whatever reason, the data collected on behalf of HUD trails conventional housing data, so June information is not yet publicly available. That noted, per MHARR, in May 2024 production increased nationally. MHARR said in part: “statistics indicate that HUD Code manufacturers produced 9,408 new homes in May 2024, a 19.5% increase over the 7,869 new HUD Code homes produced in May 2023. Cumulative production for 2024 now totals 42,656 homes, a 19.4% increase over the 35,719 HUD Code homes produced over the same period in 2023.” So, manufactured home sales are a fraction of conventional housing production and an even smaller fraction of the volume of sales of existing single-family or condo housing.

2) As noted, NAR and MHARR makes their reports available to publishers, including MHProNews. For whatever reasons, and in stark contrast, MHI hides their production information from the public and makes it available to “members only.” Here is what MHI’s 7.3.2024 emailed report looked like.

May Economic Report: Production, Shipments Continue to Rise

This month, MHI members received exclusive access and analysis of economic conditions in the manufactured housing sector.

The report highlights shipments and production numbers each month. It gives an overview of the national landscape and dives into regional numbers as well.

MHI members get regular updates on industry news about regulatory, technical, statistical and financial issues. This includes monthly economic reports direct to your email, included with your membership.”

Imagine. An “economic report” that doesn’t give any actual economic data. That’s chutzpah. Oxford Languages defines chutzpah as “extreme self-confidence or audacity.” But it is arguably a misuse of language, and thus may be described as Orwellian.

3) Left-leaning Wikipedia defines Orwellian like this. Note the apparent typo below is apparently British vs. American English, so it isn’t a typo at all.

Orwellian is an adjective describing a situation, idea, or societal condition that George Orwell identified as being destructive to the welfare of a free and open society. It denotes an attitude and a brutal policy of draconian control by propaganda, surveillance, disinformation, denial of truth (doublethink), and manipulation of the past, including the “unperson“—a person whose past existence is expunged from the public record and memory, practised by modern repressive governments. …”

MHI appears to practice several aspects of those descriptors of what constitutes Orwellian behavior. For example. Starting with the last notion of “unperson” first. MHI has removed from their website several of their own past presidents/CEOs. Chris Stinebert, Gail Cardwell, and Thayer Long fall into those categories.

The noise at the time including the notion that Thayer Long was apparently given the boot in part (or as the scapegoat for) for failing to advance the industry’s production. Oddly, Richard “Dick” Jennison, and “MHI 2.0” leaders Lesli Gooch and Mark Bowersox have also failed to achieve the levels of the past, or the potential that Jennison admitted was possible. Yet, at least for now, Jennison, Gooch and Bowersox are hailed (and apparently are/were overpaid). Where is the logic?

Without forgetting issues related to Jennison and Bowersox, it is stunning that MHI’s board-appointed ‘search committee’ that gave the industry and MHI Lesli Gooch could have done so when there is so much apparently corrupt, controversial, and conflict of interest related evidence and smoke so easily found.  Revealing those realities has not caused MHI’s board to rethink their choice, which makes it seem deliberate, not sloppy or accidental.

Periodic MHI critic, Marty Lavin, J.D., who served MHI for years and was given an MHI ‘lifetime achievement’ award is likewise missing from their website.

4) Another aspect of apparently Orwellian behavior at work at MHI is not just an erasure of people (unpersons) but also of MHI’s own history.  At least as of this date, MHI’s previously posted ‘history’ has literally been erased from the public side of the website. This was previously reported and is illustrated below. Fortunately, MHProNews has in the course of fact checks saved several examples of information that later vanished from public side of the MHI site in Orwellian “memory hole” fashion.  Over 7 months later, the “History of MHI” found below the screen capture that follows in the linked report has yet to return.

5) In terms of Orwellian-style propaganda and disinformation, MHI has been spoon feeding the industry and its members bizarre notion that Lesli Gooch is somehow a “Woman of Influence.” It is demonstrably misleading, false, and laughable. For instance. MHI makes that claim, with HousingWire’s apparently problematic help, despite the fact that MHARR points out that in 15 out of the last 17 years, the manufactured housing industry’s production is under 100,000 shipments. Existing laws that could advance manufactured home production are going un-enforced and/or improperly enforced. Meaning, if MHI were doing its job, production would be far higher. Housing production is an objective measurement.

6) In terms of surveillance, that too is at work at MHI, per MHI’s own outside attorney.

7) But it isn’t just MHProNews that has described MHI in terms of “Orwellian” analogies. Left-leaning Bing’s AI powered Copilot has done so too. Note that left-leaning Bing’s AI powered Copilot has also referred to MHI’s communication method as “Orwellian.”

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

8) With those points in mind, pivoting back to the NAR release. NAR addresses the discrepancies between their data set and that of the U.S. Census Bureau. In a phrase, NAR apparently wants accuracy, consistency, and credibility in their information.

By comparison between the NAR and MHI, inconstancies and contradictory behavior or information, based upon behavioral patterns, is apparently not as important to MHI.

Information appears and disappears later on MHI’s website, as is illustrated above by how they have made past president/CEOs Stinebert, Cardwell, and Long into Orwellian un-persons and they have erased or “memory holed” their own MHI “history.” It is worth mentioning that when MHProNews began to fact check and publish information from MHI for fisking purposes, it was not anticipated that they would eliminate information about people, their own history, manufactured housing industry data, and the like. So, while the fact checks themselves have been areas of interest for outsiders looking into manufactured housing as well as for professionals in the industry, it is taking on an evolving value as MHI “memory holes” claims and information from their own website.

9) Against that backdrop, consider NAR’s Lawrence Yun’s remarks in that press release posted in Part I above. Quoting the NAR release:

• “We’re seeing a slow shift from a seller’s market to a buyer’s market,” said NAR Chief Economist Lawrence Yun. “Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

• “Even as the median home price reached a new record high, further large accelerations are unlikely,” Yun added. “Supply and demand dynamics are nearing a balanced market condition. The months supply of inventory reached its highest level in more than four years.”

Numbers of observations are possible regarding those few but insightful words from NAR’s Yun. For the moment, let’s focus on this point. This ought to be an environment where manufactured housing is soaring. As several reports indicate, a key issue is affordability. Millions can’t afford to buy high-priced single-family houses at the current mortgage rates or even condo units, per the NAR data. Reports underscoring that statement are provided further below.  That said, quoting NAR:

Existing condominium and co-op sales tumbled 7.5% in June to a seasonally adjusted annual rate of 370,000 units, down 14% from one year ago (430,000 units). The median existing condo price was $371,700 in June, up 2.6% from the previous year ($362,200).

10) According to the U.S. Census Bureau, here is the latest (February 2024) available information on the average U.S. cost of a new manufactured home: $121,600. That represents the average single section selling for $80,200 and the average multi-sectional selling for $152,400.

11) For the next data point, consider the fact that left-leaning Google’s artificial intelligence powered Gemini gave an unhelpful response to this question.

What is the estimated average lot cost for a new single-family house in the U.S. and for what time period in 2024?

Gemini’s roughly 450-word response is provided at this link here, noting that it never gave a numerical figure.

By contrast, at this link here is the Q&A with Bing’s Copilot on this date for the same inquiry. Copilot was used on its the blue or balanced setting, which is the norm used by MHProNews. Bing’s Copilot used about 82 words vs. 450 for Gemini and gave a reputable source and the requested data.

According to Copilot.

The average lot cost for a new single-family house in the U.S. varies depending on location and other factors. According to the National Association of Homebuilders (NAHB), the U.S. median lot price is $56,000. However, in some regions, such as New England and the Pacific areas, median lot values can be much higher, reaching $180,000 and $150,000, respectively¹. …”

From the NAHB is the following.

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

So, according to the data provided by NAHB above, the median lot cost in the U.S. for a single-family spec house started in 2023 was about $58,000.

While acknowledging that there are location-based fees and other site costs, hypothetically, using the information from the sources as shown above, a new single section manufactured home could be provided with land for about $138,200. A new multi-sectional manufactured home (a.k.a.: ‘double wide’) with an average U.S. lot cost could be $210,400. The later, a new multi-sectional manufactured home on land could thus be about 43 percent less in cost than an existing condo. A new multi-section manufactured home could be about 49 percent lower than an existing single-family housing unit.

12) Note that in Part III, among the left-leaning CNN headlines is this:

• A $1 million starter home is now the norm in more than 200 US cities

Again, housing is becoming less and less affordable in large parts of the country. Given the research that indicates that manufactured homes are built to federally regulated performance standards that are dynamically similar to conventional housing, it is stunning that manufactured housing is operating at such a low level.

13) More could be said, but let’s draw towards a close with this point. Manufactured housing ought to be soaring in this environment. Too many may not realize it, but land-home loans are possible for single-section manufactured homes at very similar rates and terms to new single-family houses. Even without federal DTS support, which if DTS were properly implemented it would arguably make manufactured home sales even more robust (Warren Buffett has said as much in a video recorded statement), sales should be higher than they now are.  It is more commonly known that new manufactured homes on land can be financed for similar rates and terms as existing or new site-built houses. And existing manufactured homes on land may qualify for FHA or VA financing at terms very similar to conventional housing.

14) In a systematic fashion, the above makes an evidence-based case that MHI is failing and failing badly at their multi-year claim that they represent all segments of the industry. As Marty Lavin, J.D. put it.

Or Mark Weiss, J.D., the president and CEO at MHARR called it a “shell game.”

Ex-MHI vice president turned MHARR’s founding president and CEO Danny Ghorbani said it like this.

And perhaps the most damning, albeit arguably hypocritical, remarks come from MHI member Frank Rolfe. Rolfe recently said in an email to his readers that there is no interest in solving the affordable housing crisis.

In prior remarks for publication, Rolfe – with MHProNews underscoring that he is an MHI member – said he blames MHI.

15) For the superficial and underinformed, MHI may appear to look or act like a normal trade group. But as this review above details, MHI is anything but that when more carefully explored and compared to hard data and the behavior of other trade organizations.

MHI is arguably an industry consolidator focused trade group. They are behaving in ways that aid consolidation, because the several of the industry’s consolidators believe it is in their best interest to consolidate rather than grow the industry. That is a debatable investment thesis but is based on the remarks of MHI member firms found in Part III further below. As the UMH Properties reports further below detail, there is an evidence-based case to be made that the investment thesis for consolidation vs. new developments and growth are flawed.

Thus, MHI leaders apparently see it as being in their best interest not to say some of these things openly to their members and potential members. They posture working for all segments, but are in fact working for the interests of firms that routinely are focused on consolidation rather than organic growth.  The numbers of manufactured home street retailers, for example, has been dwindling for years. IBIS World took note of that in a report that the left-leaning Atlantic reported made “mobile homes” (more properly known as manufactured homes) was the ‘fastest dying business in America.’

When someone understand the facts, it is difficult for some to imagine, but during an affordable housing crisis, manufactured housing is dramatically underperforming.

Yet, MHI brazenly claims that might lead the uninformed to believe that they are doing a good job. See the linked and related reports for more information. Note that additional updated market data is planned on MHProNews for the days ahead, which will elaborate on insights from the most recent market trends and known facts.

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.

MHProNews note, bold emphasis added below.

Headlines from left-of-center CNN Business – 7.26.2024

• ABC News still ‘full steam ahead’ with presidential debate, despite Trump backing off commitment
• Economic data has also remained remarkably resilient, even as rates stay at a 23-year high.
• Dow closes more than 600 points higher as investors gear up for rate cuts
• The Cleveland Cavaliers face off against the Los Angeles Lakers on April 6, 2024
• WBD takes NBA to court in legal showdown over broadcast rights
• Charles Barkley lashes out at NBA for choosing Amazon over TNT: ‘It just sucks’
• Flamin’ Hot Cheetos are offered for sale at a store on April 19, 2024 in Chicago, Illinois.
• Spicy dispute over the origins of Flamin’ Hot Cheetos winds up in court
• Southwest was an airline pioneer.
• Why Southwest just broke its 50-year boarding tradition
• A hardware store in San Francisco, California, on June 7.
• Inflation is inching closer toward the Fed’s 2% target
• Andrew Left, the founder of Citron Research, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018.
• US prosecutors charge prominent short-seller with fraud
• AI won’t be making decisions ‘anytime soon,’ says head of a top hedge fund
• A worker puts on the finishing touches on a sign outside a venue ahead of the 2024 Summer Olympics, Monday, July 22, 2024, in Paris.
• Hosting the Olympics has become financially untenable, economists say
• The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending
• The Trump-crypto love story may not be happily ever after
• Don’t help Russia evade sanctions, Ukraine tells Hong Kong
• LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change
• A $1 million starter home is now the norm in more than 200 US cities
• Hollywood’s videogame performers to go on strike over AI, pay concerns
• Restaurant not responsible for man’s injury after bone from ‘boneless’ wing got stuck in his throat, Ohio Supreme Court rules
• OpenAI is taking on Google with a new artificial intelligence search engine
• British tabloid battle was ‘central piece’ in rift within royal family — Prince Harry
• ‘Just shocking’: Delta passengers tell of airport agony and honeymoon travel woes during tech meltdown
• Kamala Harris wants to be America’s first Silicon Valley president. She has tech’s support
• Elon Musk’s estranged daughter calls out his ‘entirely fake’ claims about her childhood
• California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

 

Headlines from right-of-center Newsmax – 7.26.2024

• Kamala Harris’ History: A Hard-Left Voting Record
• Vice President Kamala Harris speaks to the press on Thursday after meeting with Israeli Prime Minister Benjamin Netanyahu in Washington. (Getty Images)
• The former member of Congress once rated “most politically left” of any senator — Vice President Kamala Harris — appears to be on the verge of capturing the Democrat nomination to take on former President Donald Trump in November. So, just how left-wing is she? [Full Story]
• Newsmax TV
• Joe Piscopo: Nobody in Biden WH Will Stand With Israel
• Kustoff: Israel Concerned by Biden Mixed Messages | video
• D’Esposito: Dems the ‘Party of the Protesters’ | video
• Fallon: Harris Failed Miserably at Border
• Cammack: Harris Did ‘Absolutely Nothing’ on Border | video
• Caroline Sunshine: ‘Family Drama’ Between Dems, BLM | video
• Mace: Rep. Tlaib ‘Iran’s Useful Idiot’
• Newsfront
• Trump Touts Warm Ties to Bibi, Blasts Kamala
• Former President Donald Trump said his relationship with Israeli Prime Minister Benjamin Netanyahu has always been warm as the two leaders met Friday, and the Israeli leader said he hoped progress was being made in talks on a Gaza cease-fire. Netanyahu traveled to Mar-a-Lago… [Full Story]
• Wall Street Ends Higher, Recouping Some Lost Ground
• Wall Street’s major indexes closed higher Friday, recouping some [Full Story]
• Newsmax Draws 10 Million Viewers at RNC, Biggest Week in History
• Newsmax had its biggest ratings week in history during the Republican [Full Story]
• Trump Camp Won’t Commit to Harris Debate
• The Trump campaign won’t agree to a general election debate with Vice [Full Story]
• Related
• Trump: FBI Saving ‘Radical Left Lunatics’
• Trump Aide Defends Vance’s ‘Childless Cat Lady’ Comment
• Trump Campaign Haul Includes More Than $4M in Crypto
• Emerson Poll: Trump Edges Harris in 4 Swing States
• GOP Dominaties Dems on Ad Airwaves in Trump v. Harris
• James Carville to Democrats: Don’t Get Too Cocky
• WDIV/Detroit News Poll: Harris-Trump Tied in Michigan
• Michigan Poll: No Black Voters Support Trump
• Nevada Election Officials: RFK Jr. to Be on Ballot
• Maine Poll: Harris Opens 8-Point Lead Over Trump
• Telegraph Poll: Trump Leads in Most Swing States
• Barack and Michelle Obama Endorse Kamala Harris
• Former President Barack Obama and former first lady Michelle Obama [Full Story]
• Related
• Kamala Harris Appears on ‘Ru Paul’s Drag Race’
• Haley: ‘Not Helpful’ for GOP to Attack Harris as DEI Hire |video
• Gun Rights Group Launches National Ad Targeting Harris
• Harris Blamed Migrant Crisis on Lack of Climate Adaptation |video
• Faith Leaders Warn of Harris’ ‘Anti-Catholic Bigotry’
• Dem Rep. Davis Endorses Harris After Condemning Border Job
• Kamala Harris Had Hard-Left Voting Record
• Harris Vows No New Taxes on Those Making Under $400K
• Ronny Jackson: Trump Hit by Bullet, Nothing Else
• Ronny Jackson, the White House doctor under former President [Full Story]
• Related
• Hawley Whistleblower: USSS Refused Drones Before Trump Shooting
• FBI Asks to Interview Trump About Assassination Attempt
• Trump Says He’ll Hold a Rally in Town Where he Was Shot
• Tanker Plane Missing in Oregon as Wildfires Spread
• [Full Story]
• Mexican Drug Kingpin Ismael ‘El Mayo’ Zambada Pleads Not Guilty to US Charges
• Alleged Mexican kingpin Ismael “El Mayo” Zambada has pleaded not [Full Story]
• Kremlin Welcomes Trump’s ‘War Machine’ Comments
• The Kremlin on Friday welcomed Donald Trump’s comments on Russia [Full Story]
• Related
• Ukraine: Crimean Russian Military Airfield Hit
• Pentagon Finds $2B More Ukraine Aid Accounting Errors
• Charges Dismissed Against 13 Hamilton Hall Protesters
• The 13 pro-Palestinian protesters who stormed a Columbia University [Full Story]
• Israel Seeks Changes to Gaza Truce Plan
• Israel is seeking changes to a plan for a Gaza truce and the release [Full Story]
• Rasmussen Poll: 53 Percent Say Biden Should Resign
• A majority of voters say President Joe Biden should immediately [Full Story]
• China Aiming to Replace US as Saudis’ Military Partner
• There was a $4 billion arms deal between China and Saudi Abia [Full Story] | Platinum Article
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click the image and follow the prompts.

Notice: MHProNews invites the firms or organizations 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. In the case of that response linked above, no apparent reply was given to follow up inquires by MHProNews. 

APO = Apolo Global Management – bought Inspire Communities

BAM = Brookfield Asset Management – owns and invests in manufactured home communities (MHCs).

BLK = BlackRock – conglomerate has investments in firms and operations involved in manufactured housing.

BRK-A = Berkshire Hathaway – includes outright ownership of Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance, other manufactured home industry linked firms (MHC brokerage, suppliers, etc.).

BX = Blackstone – Blackstone Group LP has made its first big bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc.

CDPYF = Canadian Apartment Properties Real Estate Investment Trust – also has manufactured home communities (MHCs).

CIGI = Colliers International Group Inc. – The Manufactured Housing and RV Group “We Assist Owners and Investors with Disposition, Acquisition, and Financing for Manufactured Housing Communities and RV Parks.”

CG = The Carlyle Group – has manufactured home communities investments.

CSGP = CoStar Group – is commercial real estate’s leading provider of information, analytics and online marketplaces. They acquired listing service Homes.com.

CVCO = Cavco Industries – manufactured home and other factory-built housing production, retail, finance, insurance.

ECNCF = ECN Capital Group – includes manufactured home lender Triad Financial Services.

ELS = Equity LifeStyle Properties – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations, and parent to Datacomp/MHVillage.

FGF = FG Financial Group – FG Communities “Owns and Operates Growing Portfolio of Manufactured Housing Communities.” KEY = KeyCorp – manufactured home community financing and manufactured home single-family mortgage financing.

KMMPF = Killam Apartment REITs- (includes manufactured home communities (MHCs).

LCII = LCI Industries – components for the manufactured home industry and others (RVs, housing, etc.).

LEGH = Legacy Housing – produces manufactured homes, tiny houses, retail, and captive finance operations.

LPX = Louisiana Pacific Corporation – components for the manufactured home industry and others (housing, etc.).

MHC-UN.TO = Flagship Communities Real Estate Investment Trust (REIT).

MHPC = Manufactured Housing Properties – land lease manufactured home communities (MHCs).

MMI = Marcus and Millichap – commercial real estate brokerage services that include land lease manufactured home communities (MHCs).

NOBH = Nobility Homes – produces and offers captive retail, financing, and insurance services for HUD Code manufactured homes and modular homes.

PATK = Patrick Industries – components for the manufactured home industry and others (RVs, housing, etc.).

SKY = Skyline Champion – produces and offers captive retail, financing, and insurance for HUD Code manufactured homes and modular homes.

SUI = Sun Communities – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations.

TPG = TPG includes land lease manufactured home communities (MHCs) among a broader basket of investments.

UMH = UMH Properties – includes land lease manufactured home communities and captive manufactured home retail, leasing, and financing operations.

UFPI = UFP Industries – components for the manufactured home industry and others (housing, etc.).

• • • NOTE 1: Chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
    • NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
    • NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.
    • Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
    • Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.

 

 

2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.

 

 

2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.

====================================

Disclosure. MHProNews holds no positions in the stocks in this report.

· For expert manufactured housing business development or other manufactured housing professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.

• Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
• Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
• Note 3:
  

  APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities,  KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports linked herein. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

 

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 (on 5.22.2024) and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but in fairness CNN and Fox sites get more much more total traffic). Statistics – Data – Infographics – Research – Facts – Evidence – Trends – and manufactured housing industry expert Analysis make us and keep us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.