“An opponent is someone who is against a certain idea or belief, while a proponent is someone who is in favor of it,” said left-leaning Bing’s AI powered Copilot on 3.22.2024.  The Biden-Harris Administration has said numerous times over the course of its first three years in office that it is for more housing and that includes their stated support for more affordable manufactured housing. As remarks in HUD media release this week provided below in Part I indicates, HUD is increasing its loans limits on FHA lending for manufactured homes. U.S. Senator Sheldon Whitehouse (RI-D), Chairman of the U.S. Senate Budget Committee, delivered in the following opening statement at a hearing on 1.31.2024 entitled “A Blueprint for Prosperity: Expanding Housing Affordability” clearly stated a point that prominent Manufactured Housing Institute (MHI) member Cavco Industries made in an investor pitch which has been frequently cited by MHProNews and MHLivingNews. Namely, that the lack of affordable housing near where it is needed costs the U.S. economy an estimated $2 trillion dollars annually in lower economic growth. Whitehouse and exiting HUD Secretary Marcia Fudge are both Democrats, as are Joe Biden and Kamala Harris. But saying and doing are often two distinctive things.

Between being for or against something, there is a political middle ground. Here it is. Saying you are for something, acting like you are for something, but not actually doing what will produce that purported support.

MHI’s PAC clearly gives money to members of both major political parties, as savvy Political Action Committees (PACs) are wont to do.

MHI has at various times praised Secretary Fudge, and the Biden-Harris Housing Plan. But as left-leaning Copilot has pointed out, while MHI has said several things in support of the full and proper implementation of the Manufactured Housing Improvement Act of 2000 (a.k.a.: MHIA, 2000 Reform Act, or 2000 Reform Law) which include its so-called “enhanced preemption” provision that was clearly intended to boost manufactured housing production. But oddly, those key words – enhanced preemption – are not found on the prior or new MHI website on this date.

By contrast, a search of the Manufactured Housing Association for Regulatory Reform (MHARR) website for the words “enhanced preemption” reveals pages of results that are routinely growing in number.

Perhaps even more oddly, if MHI were serious and sincere about getting enhanced preemption or other aspects of the 2000 Reform Law enforced, MHI previously had a document on their website that suggested those very words. That MHI document is not publicly available from them at this time, but it was preserved and is found on the MHProNews and MHLivingNews websites. Those are examples of ‘now you see it, now you don’t‘ style magicians’ sleight of hand tactics used by politicians, officials, and apparently by some trade groups in their pitches to their supporters.

But as time passes and those who pay attention to the details can expose, such tactics can be revealed as little more than posturing, preening, paltering and spin when they are closely examined. They are apparently designed to woo the underinformed, while allowing the connected to pander to those who line their campaign or other coffers.

Trade groups are supposed to be nonpartisan by their very nature. That is useful in as much as it allows them to work with both major parties, or minor ones for that matter, regardless of who is in or out of power in Washington, D.C., or at some state house, or local government.

But being nonpartisan doesn’t mean that a trade group can’t be a critic of a group or individual who is not in power.

A keen example of that point above is found from Tom Hardiman, executive director of the Modular Home Builders Association (MHBA). Hardiman called some of the Biden-Harris plans that were announced “political payoffs” not long after they were first proclaimed in 2021. For those who follow housing advocacy closely, there are any number of nonprofit groups, some of them representing prefab building producers, such as the MHI, MHARR, and MHBA. But there is also the far larger National Association of Home Builders (NAHB). The NAHB has a “Systems Building Council.” Which might cause thoughtful and clear-eyed professionals to wonder, why does NAHB have a council that may seem to overlap what MHI, MHBA, and MHARR each appear to be doing? Clearly, MHBA members believe that they need their trade group, or they wouldn’t be supporting it. Obviously, MHARR has said repeatedly since its founding in 1985 that they exist because they don’t think that MHI represents the interests of manufactured housing independents properly. And MHI has been accused for years of favoring certain larger trade association members to the detriment of the interests of smaller firms.

But perhaps even more curiously, instead of partnering with MHARR, as MHI did when the 2000 Reform Act was passed, or when the Duty to Serve (DTS) Manufactured Housing portion of the Housing and Economic Recovery Act (HERA) was enacted in 2008, MHI in recent years has openly touted its relationship with the NAHB and others in ‘mainstream’ or conventional housing advocacy. Some of that advocacy by MHI arguably has been directly contrary to the interests of smaller, independent members of the Institute, as well as to thousands of independents who may or may not be members of either national trade group, or perhaps even of their respective state’s manufactured housing trade association.

An example of an MHI connected initiative in left-leaning Politico.

Also curiously, even though two or more of the organizations that are part of the Underserved Mortgage Markets Coalition are MHI members and/or attend MHI meetings, MHI is not a member of that coalition. That Underserved Mortgage Markets Coalition has for some years been promoting reforms in federal policy that would expand credit for manufactured housing. Critics point to the notion that by MHI not supporting the Underserved Mortgage Markets Coalition, they are de facto providing a benefit to Berkshire Hathaway owned lenders that are sister brands to Clayton Homes, 21st Mortgage Corporation, and Vanderbilt Mortgage and Finance (VMF).

In Part I of today’s report is HUD’s new press release increasing FHA loan limits.

In Part II of today’s report, is Senator Sheldon’s interesting remarks, which along with those in Part I are going to be unpacked in the exclusive expert analysis found in Part III below. As is our normal protocol, quoting a source doesn’t imply that MHProNews editorially agrees with that source or all that it (or a person) has done. Quoted remarks indicate the position, claims, or statements of the source cited.

Part IV is our Daily Business News on MHProNews recap of manufactured housing industry connected equities.

Part I

For the First Time in 15 Years, Federal Housing Administration Increases Loan Limits to Expand Financing for Manufactured Homes

Newly increased loan limits for Title I Program supports the Biden-Harris Administration’s efforts to increase the supply and use of manufactured homes as an affordable housing source.

Part II – Press Release from Senator Sheldon Whitehouse (RI-D)

WHITEHOUSE: Expanding Housing Affordability Drives Economic Growth

“Over these next few months, I will be introducing bills to make housing more affordable for lower-income Americans.”

Washington, D.C.—U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the following opening statement at today’s hearing, titled “A Blueprint for Prosperity: Expanding Housing Affordability.”

Chairman Whitehouse’s remarks, as prepared for delivery:

Welcome back, Senator Johnson.

This morning, we’ll discuss how investments in expanding housing affordability can drive economic growth.

For decades, the United States has faced a housing affordability problem. It is a market failure many years in the making, and the 2008 financial crisis and the COVID-19 pandemic made it worse.

After the housing market collapsed in 2008, new housing supply for single- and multi-unit buildings declined. Even as demand recovered, supply continued to lag. Now, housing is taking up a larger share of household budgets, and low- and middle-income families are being priced out of the market.

Owning a home, once seen as a foundational piece of the American dream, is further out of reach for more Americans now than ever before. The National Association of Realtors finds that first-time homebuyers made up just 26% of homebuyers in 2022 compared to 38% in 1981. And today, the typical age of a first-time homebuyer has reached a record high of 36, up from 29 in 1981.

With fewer people able to purchase homes, more people rent. That’s created a shortage of rental units, driving up the cost of rent. New research finds that half of all renters in the United States spend more than 30% of their income on rent and utilities, more than at any other time in history.

Across the country, the U.S. faces a shortage of four to seven million housing units available for sale or rent. In Rhode Island, there are currently no communities where families earning the state’s median income can afford to buy a typical home, and there’s only one town where Rhode Islanders earning the state’s median income can affordably rent. According to Zillow, the Providence area experienced the largest year over year rent increase in the country last year – a 7.5% increase.

The squeeze is bad for our entire economy, it’s bad for income inequality, it’s bad for families, and it’s particularly bad for young people. I’ve heard from young people around Rhode Island about the importance of affordable housing, and I intend to do something about it.

Unaffordable housing decreases job retention and lowers productivity. It can force businesses to relocate, taking job opportunities with them. A lack of available housing reduces local tax revenue, reducing local resources for education, public safety, and infrastructure.

Nationwide, the shortage of affordable housing opportunities costs the American economy an estimated $2 trillion each year. High housing costs reduce disposable income and economic mobility, stifling economic opportunities.

Investing in our nation’s housing infrastructure would provide relief to millions of Americans and drive economic growth, particularly in local economies.

Helping families have a safe, stable place to call home should not be controversial. It’s not red state versus blue state, not urban versus rural; Americans in all 50 states struggle with higher housing costs. Today, there is not a state, metropolitan area, or county where a worker earning the local minimum wage at 40 hours a week can afford a modest two-bedroom rental at HUD’s Fair Market Rate standard.

As a nation, we have underinvested in housing; it’s created a harmful situation for millions of families, and it is a significant drag on our economy.

We can and must take action to ensure housing is safe and affordable for all.

The Biden-Harris Administration has taken sweeping new steps to increase the housing supply, protect renters, and ease cost burdens.

The American Rescue Plan kept people housed during the worst of the pandemic recession and laid the foundation for jumpstarting new construction. Over $14 billion of the Rescue Plan’s State and Local Fiscal Recovery Funds have already gone towards expanding housing supply, investing in homeless services, and providing 3.7 million additional households with rent, mortgage, and utility relief.

Under President Biden’s Housing Supply Action Plan, more new apartments were under construction in 2023 than in any year on record.

Our appropriations support housing programs like the HOME Investment Partnerships, Community Development Block Grants, and Housing Choice Vouchers.

But it obviously isn’t enough.

Over these next few months, I will be introducing bills to make housing more affordable for lower-income Americans. Next month with Congressmen Panetta and Blumenauer, I will propose a $15,000 first-time homebuyers tax credit for lower income Americans — refundable, advanceable and available for homebuyers at the time of purchase.

Many of my Democratic colleagues have also come to the table with detailed proposals to expand housing affordability. This includes Senator Wyden’s DASH Act; the LIFT Act, led by my colleagues Senators Warner, Van Hollen, and Kaine, among others; The Fair Housing Improvement Act, led by Senators Kaine and Sanders; Senator Merkley’s End Hedge Fund Control of American Homes Act; the DEPOSIT Act, led by Senators Luján and Padilla, among others; and Senator Padilla’s Housing For All Act. We’ll hear about many of them today.

Ensuring access to safe and affordable housing is a moral and economic imperative. I hope it is something that we can find common ground on and advance this year. ##

MHProNews Note: the above was published on 01.31.24.

Part III – Additional Information with More MHProNews Analysis and Commentary

Note that nowhere in Senator Whitehouse’s statements is manufactured housing mentioned. Nor are modular, prefab, tiny houses, or other lower cost and potentially more affordable housing options than conventional housing mentioned. In fairness, the Biden-Harris housing plan Whitehouse plugs does specifically mention manufactured housing. However, as Senator Whitehouse’s largely accurate remarks up to the line “Under President Biden’s Housing Supply Action Plan, more new apartments were under construction in 2023 than in any year on record” indicate, the Democratic Senator from Rhode Island admits “But it obviously isn’t enough.” That much is obviously true, because despite years of talk and promises, not only is manufactured housing production down, but so too is new conventional housing construction. Despite Biden-Harris and Democratic promises in recent years, housing is dramatically less affordable today than it was just four years ago.

As part of a response to an MHProNews fact-check using Copilot, it said about Whitehouse’s remarks: “Indeed, there have been years when both single-family and multifamily housing starts were higher than current levels.” So, while much of the above in Part II is accurate, that specific statement by Whitehouse is inaccurate. Copilot also said: 

• You rightly highlight that building or preserving 2 million housing units won’t fully address the crisis.
• Estimates vary, but the need for 6 to 10 million new units underscores the severity of the affordability challenge.”

So, upon closer examination, Whitehouse’s remarks are a mix of mostly true, but some inaccurate or untrue remarks. Those untrue and omitted statements are where the proverbial rub  often lies. For example.

MHProNews has noted several times that a leading Democrat, then House Majority Whip James “Jim” Clyburn (SC-D) – a man that several point to as a pivotal figure for Joe Biden being in the White House, admitted that his party knew their policies would fuel inflation. But Clyburn justified that in an interview with left-leaning MSNBC.

Those inflationary plans that Democrats advanced, often with little or no Republican support, didn’t help the poor, they demonstrably hurt the poor.

HUD’s own most recent report to Congress proved that homelessness is growing in the wake of all this record ‘peacetime’ federal spending.

Manufactured housing production is down year-over-year from already low levels by historic standards.

Note: to expand this image below to a larger or full size,

click the image and follow the prompts.

Much of what occurs in Washington, D.C. or in municipal, county, or state offices closer to home for the majority of Americans is a form of stagecraft.

• It is often posturing.
• It is projecting blame onto others when the responsibility may more aptly be with the one projecting the blame.
• It is paltering, the telling of part of the truth while omitting other key facts.
• That also seems to be the pattern at MHI, not just among politicians.

After numerous fact checks, and analysis, including those bolstered by examination with AI, MHARR has consistently been shown to be faithful to its words and statements. MHI, by contrast, has been shown as seemingly guilty of paltering, preening, and posturing, all while the industry continues to consolidate. Coincidence?

Biden-Harris claim that they are for more small business. They claim that they want to see more competition, because they admit that competition is good for higher pay for employees, good for consumers, and better for smaller business or more modest investors.

Saying and accomplishing are two entirely different things. Words are NOT cheap, words can be misleading, deceptive, and expensive.

Ironically, by saying what they did, HUD/FHA has essentially admitted that for some 15 years, they have hamstrung manufactured housing lending.  That is the opposite of the support that those federal programs are supposed to give. MHARR has pointed that out repeatedly.

This writer for MHProNews/MHLivingNews has for years periodically demonstrated that articles can be submitted to mainstream or specialized news media which results in a wider exposure of the MHIA and its “enhanced preemption” provisions.  Recent and prior examples of that are linked below. These beg the question, if we can do it with less staff, budget and time, then why doesn’t MHI? They have more staff, bigger budgets, more time on their hands. What are they doing with the millions being given to them annually? What are they doing to earn their fat paychecks?

With no disrespect to sincere Baptists, but as a disclosure this writer isn’t a Baptist. That said, the above and below demonstrate that be it a religious or secular publication, a reasonably well written article can expose Christian (or Jewish, Muslim, etc.) readers to insights they may not have been previously aware of about modern manufactured housing. Such are the kinds of efforts which MHI could and should be doing regularly. That is what they are paid to do, to protect, educate, and promote (P.E.P.) the industry.

Additionally, MHARR, MHProNews and/or MHLivingNews have run dozens of press releases that have brought attention to these issues to mainstream media. Why hasn’t MHI done the same?

The answers are sobering and increasingly obvious. And it has been provided in part by fact-checks and analysis by Copilot, not just expert commentary by MHProNews. MHI is apparently working for consolidation of the industry and that consolidation is not benefited by the industry returning to its historic or even higher levels of performance. So, lower levels of production – which adds to the affordable housing crisis – is an apparent outcome of the consolidation process.

In a recent and fresh Q&A thread in response to the following inquiry, note carefully what Copilot responded with (as is our norm, the balanced or ‘blue’ setting of Copilot was used).

manufactured housing consolidation

1 investopedia.com 2 americanbar.org 3 hud.gov 4  einpresswire.com 5 manufacturedhomepronews.com 6 ignitiongroup.com 7 ignitiongroup.com 8 linkedin.com 9 news.yahoo.com 12 nytimes.com 13 skadden.com 14 rocketmortgage.com 15 planning.org 16 yardibreeze.com 17 commercialsearch.com 18 wealthmanagement.com 19 investopedia.com 20 investmentzen.com 21  manufacturedhousingassociationregulatoryreform.org 22 whitehouse.gov…”

That’s what Copilot said. But an argument can be made that Biden-Harris are paltering and posturing. It is billionaires and big corporate interests who put them into office. Thus, part of the ‘game’ played by Democrats is to talk tough, and appoint people that talk tough, but then they don’t necessarily do anything that actually harms their political donors. Two fresh deep dives into those issues are linked below.

Those Democratic backing billionaires have mastered the art of theatrics.

While Democrats talk about higher taxes on the wealthy, they are actually paying lower taxes than many of the working and middle class. They have said so themselves. But the point shouldn’t be to raise taxes. Rather, the point is that talk of taxes is just part of their game.  When they want to hurt a rich man, one need not look beyond what is happening to deposed President Donald J. Trump to realize that federal and state officials have power that they apparently only use against their political opponents.

The affordable housing crisis can’t be solved, based on current known and proven technologies, without a robust use of millions of more HUD Code manufactured homes.  A case can be made that U.S. housing policy should be ‘all of the above.’ Meaning, tiny houses, modular homes, accessory dwelling units (ADUs), other forms of prefab and conventional housing construction should all be encouraged. Yes, much existing housing should also be preserved.

But HUD Code manufactured housing has long had the benefit of being protected and promoted by federal law. It absolutely should have its “federal” “enhanced preemption” fully, properly and robustly enforced. Doing so is essential. The report linked below clearly makes that case in just minutes. The manufactured home industry’s independents want a level playing field. And while Republicans can’t be held innocent in this matter until they routinely stand up and actively push for enhanced preemption enforcement under the MHIA, Democrats are apparently being hypocrites about enhanced preemption and their claims of supporting more affordable housing. The hypocrisy of Democrats and MHI leaders on this issue in recent years is in several respects exposed in the articles that follow.

 

 

 

MHProNews began this article with these words: “An opponent is someone who is against a certain idea or belief, while a proponent is someone who is in favor of it,” per Bing’s AI powered Copilot.

But there are also those who deftly act in a deceptive manner through paltering, projecting and various forms of manipulation. From 9 AM ET to 6 PM ET, WMAL in Washington, D.C. has a series of talk radio pundits Chris Plante, Dan Bongino, and Vince Coglianese who routinely expose the hypocrisy occurring in Washington, D.C. Here is a tip. Tune them in for one week (or one month) and listen in the background while you do your work. See if you don’t find yourself agreeing with some 70-90 percent of what they have to say.  Some of it is serious, some of it is delivered with humor and sarcasm. One of WMAL’s tag lines is “Making Sense of the News.” There is an argument to be made that there is an ongoing need to make sense of what is occurring, in broader mainstream media and in manufactured housing industry media too.

 

Either or both major parties can and should step up and do what is necessary to truly fix the affordable housing crisis simply by applying existing federal law.

But the apparent hypocrisy, political payoffs, and phony posturing ought to be routinely exposed until it is ended.

Until tactics of voter manipulation and vote buying with taxpayer dollars becomes too risky to be commonplace, expect more of the same which benefits the connected insiders, cronyism, and the donor class at the expense of all others. ###

Note: Day by day, MHProNews seeks to inform industry professionals and others as to the events and their underlying meaning. Doing so has made us the runaway largest and most trusted source for manufactured housing “Industry News, Tips, and Views Pros Can Use.” ^© Based on known information, we have more traffic on our news site than the rival news blogs have on their pages combined.

Part IV – is 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 are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

Special NOTICE: MHProNews doesn’t often mention when a headline or report is deceptive or misleading in this left-right recap of headlines. But the 3rd headline from CNN is arguably a steaming pile of BS.  But it is their headline, and this is just a reminder that all news sources should be critically evaluated based on other known information. 

Headlines from left-of-center CNN Business – 3.21.2024

• Dow closes just points away from 40,000 as US markets rally to new records
• A Birkin luxury handbag sits in the window display of a Hermes International store in Paris, France, on Tuesday, July 28, 2020.
• Birkin bags are too hard to buy, shoppers allege in antitrust lawsuit
• Reddit Inc. signage is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Tuesday, June 30, 2020.
• Welcome to the market, RDDT! Reddit stock jumps on first day as a public company
• 440,500 Starbucks-branded holiday mugs recalled due to burn and cut risks
• Passengers on a Boeing 737 Max-8 plane during a United Airlines flight departing from Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Wednesday, March 13, 2024. The TSA expects travel volumes during the peak spring break travel season at nearly 6% above 2023.
• How the crisis at Boeing could make your next vacation more expensive
• Green bubbles, Apple Pay and other reasons why America says Apple is breaking the law
• US home sales surged last month, despite highest February prices on record
• Apple sued in a landmark iPhone monopoly lawsuit
• Shipping CEO Angela Chao, Mitch McConnell’s sister-in-law, was intoxicated when she drove into lake, sheriff’s office says
• EU leaders consider plan to tap frozen Russian assets to arm Ukraine
• Bentley sales are down thanks to ‘emotional sensitivity,’ CEO says
• How does the National Association of Realtors’ settlement affect you?
• These businesses say they can’t keep up with consumer demand without immigrant workers. Americans just don’t want the jobs
• Switzerland gets a surprise rate cut. Will other central banks move before the Fed?
• The hot new scam on Wall Street
• Prince Harry targets Rupert Murdoch in phone hacking lawsuit, alleges mogul was involved in a cover-up
• Realtors are nervous: ‘It could be the worst thing ever’
• Tim Cook is on a charm offensive in China to revive flagging iPhone sales
• Biden is doubling down on the dream that Americans will, one day, actually want electric cars
• 10% of US workers are in jobs most exposed to artificial intelligence, White House says
• Why marketing to ‘pure vegetarians’ landed this Indian delivery giant in a pickle
• Powerball jackpot soared to an estimated $750 million after no top winners Wednesday
• Reddit has been around since the early days of social media. Here’s why it’s finally going public now

Note: to expand this image below to a larger or full size, see the instructions

below the graphic below or click the image and follow the prompts.

 

Headlines from right-of-center Newsmax – 3.21.2024

• Gaza Gunmen Holed Up in Al Shifa ER: Israeli Military Spokesperson
• Hamas and Islamic Jihad gunmen are holed up in the building of Al Shifa hospital’s emergency room in Gaza, where an ongoing army raid was expected to go on for a few more days, an Israeli military spokesperson said on Thursday. [Full Story]
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• Speaker Johnson Inviting Netanyahu to Address Full Congress
• Israel Will Take Rafah Despite Potential US Breach
• 600 Terrorists Detained, Over 140 Killed at Gaza Hospital
• Gaza Gunmen Holed Up in Al Shifa ER
• US Unveils Draft UN Resolution Seeking Gaza Cease-Fire
• UN Agencies, 36 Countries Mull Aid to Gaza Through Cyprus
• Study: 93% of Palestinians Deny Oct. 7 Atrocities
• Schumer ‘Wrestled’ With Calling for Netanyahu’s Resignation
• Blinken: Gaps Narrowing in Israel-Hamas Cease-Fire Talks
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• Newsfront
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• New York state Attorney General Letitia James this month registered judgments against former U.S. President Donald Trump in Westchester County, where he owns property, according to county clerk records…. [Full Story]
• House Conservatives Rail at Spending Package
• House conservatives are pushing back on a $1.2 trillion spending [Full Story]
• CENTCOM Chief Warns of Growing Iran-China-Russia Pact
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• Singles From Over 200 Countries Connect on This Site
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• Wall St Closes at Record Highs on Rate-Cut Optimism
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• New Study Reveals #1 Cause of Dementia (You’ll be Surprised)
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• IDF Detains 600 Terrorists, Kill 140 at Gaza Hospital
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• Lawmakers introduced a $1.2 trillion spending package Thursday that [Full Story]
• Russia Strikes Kyiv in Largest Assault in Weeks
• Russia fired 31 ballistic and cruise missiles at Kyiv before dawn [Full Story]
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below the graphic below or click the image and follow the prompts.

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, neither MHI nor 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.

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.

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 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 those sites get more much more total traffic). Statistics Data Infographics Research Facts Evidence and manufactured housing industry expert analysis make 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.