It would be a fair question coming from those with furrowed brows.
Readers of MHProNews for the last 18 months or longer may recall the Camp Fires in California, which devastated the town of Paradise, among others. Among the communities impacted were several manufactured home communities.
Tonight’s feature is a video and report about one of the communities that is re-opening with all new homes. Those homes are built, said the owner, by Clayton Homes. Facts are what they are and merit an accurate portrayal.
There are surprising insights possible from this report, which will be tonight’s featured focus. That will be beyond our left-right headline news bullets, standard fare and the market snapshot graphics before and after the featured focus.
Scroll on…
Headlines from left-of-center CNN Business
- King of debt
- The U.S. Capitol stands illuminated at night in Washington, D.C., U.S., on Monday, May 4, 2020. Lawmakers are preparing for a debate on whether the U.S. economy will need a long-term effort to rebuild it, something that could cost trillions of dollars.
- The US is borrowing like crazy to contend with coronavirus. It’s a necessary risk
- April was probably the worst month for American jobs since the Great Depression
- Meet the market’s new safe havens: 2019’s IPOs
- The economic recovery may be shaped like the Nike swoosh
- LIVE UPDATES US stocks finish mixed ahead of Friday’s jobs report
- Opinion: Our economic recovery depends on policies that benefit women
- Southwest CEO is far more optimistic than Warren Buffett about airlines’ future
- Gap will reopen 800 stores, but the challenge is a lack of uniform rules
- How 39 million Europeans kept their jobs after the work dried up
- Uber to lay off 14% of its staff
- Facebook finally reveals who will serve on its version of a Supreme Court
- 5 steps to protect your credit score during a pandemic
- Content by GOBankingRates.com
- Recession-proof your money with these accounts
- In this Friday, May 1, 2020, photo, a worker leaves the Tyson Foods plant in Waterloo, Iowa. The coronavirus is devastating the nation’s meatpacking communities — places like Waterloo and Sioux City in Iowa, Grand Island, Neb., and Worthington, Minn. Within weeks, the outbreaks around slaughterhouses have turned into full-scale disasters.
- Tyson will reopen its biggest pork plant after a Covid-19 outbreak
- A vehicle pulls into the drive-thru lane at a Wendy's fast food restaurant in Alhambra, California on May 5, 2020. – A sign displayed on the walk-in entrance mentions an interruption in supply chain affecting availability of certain products. Wendy's, an international chain restaurant famous for the 1984 catchphrase “Where’s the Beef?” is experiencing a beef shortage caused by the coronavirus pandemic, as some restaurants stop serving burgers.
- Here’s how much longer Wendy’s beef shortage will last
- Jay Y. Lee, co-vice chairman of Samsung Electronics Co., speaks during a news conference in Seoul, South Korea, on Wednesday, May 6, 2020. Lee apologized, after a recommendation by Samsungs new compliance committee to do so, over causing problems in succession and labor union issues.
- Chastened Samsung heir will not hand the company down to his children
- MARKETS
- WHEN NO ONE TRAVELS
- JACKSONVILLE, FLORIDA – MARCH 27: Norwegian Cruise Line’s Norwegian Pearl cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. JaxPort is accommodating cruise ships displaced due to the cruise industry’s voluntary suspension of operations because of the pandemic. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11.
- Norwegian Cruise Line may go out of business
- Airbnb is laying off 25% of its employees
- United Airlines will lay off 30% of staff
- This airline is losing $1 million an hour
- ‘Tsunami’ of airline job losses begins in Europe
- SLOWLY REOPENING
- SHANGHAI, CHINA – MAY 05: Tourists at Disney town on May 05, 2020 in Shanghai, China. After decades of growth, officials said Chinas economy had shrunk in the latest quarter due to the impact of the coronavirus epidemic. The slump in the worlds second largest economy is regarded as a sign of difficult times ahead for the global economy. While industrial sectors in China are showing signs of reviving production, a majority of private companies are operating at only 50% capacity, according to analysts. With the pandemic hitting hard across the world, officially the number of coronavirus cases in China is dwindling, ever since the government imposed sweeping measures to keep the disease from spreading. Officials believe the worst appears to be over in China, though there are concerns of another wave of infections as the government attempts to reboot the worlds second largest economy.
- Shanghai Disneyland will begin a phased reopening next week
- Starbucks plans to reopen 90% of stores by June
- Will shoppers go back to reopened malls?
- Macy’s starts reopening stores
- Dubai Mall reopens under new safeguards
- WHAT TO WATCH
- NASA Commercial Crew astronauts Doug Hurley and Bob Behnken
- Meet the two astronauts set to make history in a SpaceX capsule
Headlines from right-of-center Fox Business
- LEGAL
- Wells Fargo faces federal probe over handling of small business loans
- The disclosures come just a few weeks after the bank, along with three other major banks, was sued.
- VARNEY: This case shows ‘real pain’ business owners are suffering
- MARKETS
- Oil prices snap 5-day winning streak amid ‘tremendous destruction’ of economy
- Stocks fight for gains as job losses reach records
- States ask Trump administration to pay laid off oil workers to plug abandoned wells
- PERSONAL FINANCE
- 3 scenarios where claiming Social Security early is a no-brainer
- NEWS
- Is another stimulus check necessary? The data doesn’t lie.
- OPINION
- Forget tariffs, these 3 measures would put US economy on road to recovery
- INSIDE PACKED PLANES
- TRAVEL
- Why are some flights so crowded with travel down, social distancing in effect?
- WRONGFUL DEATH SUIT
- MARKETS
- Coronavirus victim’s family sues sausage plant where he worked
- VIP SERVICE
- LUXURY
- Blade helicopter service offers COVID oxygen checks for rich travelers
- RETURN TO SENDER
- PERSONAL FINANCE
- Foreign workers, relatives of dead asked to send $1,200 checks back
- HOPE SOARS
- AIRPLANES
- Coronavirus prompts JetBlue to offer 100,000 health care workers free flights
- HAIRY SITUATION
- LIFESTYLE
- Texas AG slams judge who jailed salon owner for defying lock down orders
- BILLIONAIRE’S NEW STRATEGY
- MARKETS
- Here’s how Warren Buffett is tackling the retail industry in 2020
- HEALTH BENEFITS
- HEALTH CARE
- You don’t have to be older than 65 to receive Medicare: Who can access it
- PRIVATE SECTOR FIGHTS COVID
- LIFESTYLE
- 3M, Ford ship coronavirus-related respirators to health care workers
- SEA CHANGE
- TRAVEL
- Major cruise company adds much more flexibility to cancellation policy
- BACK IN BUSINESS?
- ECONOMY
- Retail foot traffic ticks up as states loosen rules: Unacast
- THE GOOD NEWS
- BUSINESS LEADERS
- Bank of America CEO: Here’s what is starting to boost consumer spending
- 3M lands $126M Pentagon contract for coronavirus face masks
- MARKETS
- 3M lands $126M Pentagon contract for coronavirus face masks
- LIFESTYLE
- How much it will cost you to spend the weekend with Chip and Joanna Gaines
- ECONOMY
- Treasury launches 20-year bond to help fund record borrowing
- LIFESTYLE
- Zoo featured on Netflix’s ‘Tiger King’ reopens to crowds of hundreds
- MONEY
- Trump adviser’s grim warning about April’s record-breaking job loss report
- Major supermarket limits purchases at all stores as meat shortage takes toll
- MARKETS
- Major supermarket limits purchases at all stores as meat shortage takes toll
- MONEY
- GM lays out post-coronavirus lockdown plan
- LIFESTYLE
- Pompeo again blasts China over coronavirus, denies inconsistency
- MARKETS
- More federal orders being considered to get virus-hit meat plants back open
- COLLEGE
- ‘Where is it?’: Students say they haven’t seen payments from work-study programs
- ECONOMY
- Companies slashed ‘unprecedented’ 20.2M jobs in April, crushing previous record
- POLITICS
- Trump: Coronavirus task force not dismantling, just refocusing
- LEGAL
- Supreme Court hears ObamaCare case over phone
- SOCIAL MEDIA
- Twitter scanning posts, warning users about potentially offensive messages
- MARKETS
- General Motors ekes out profit as coronavirus slams business
- MARKETS
- Truckers handed ‘ticket out of business’ with coronavirus-slashed shipping rates
- MARKETS
- How can the stock market soar with rising unemployment?
- MARKETS
- Wingstop gets coronavirus sales boost from housebound customers
- FOOD & DRINKS
- Starbucks reopening 85% of stores using lessons learned in China
- WATCH: Hologic CEO says second coronavirus test will almost double nationwide capacity
- VIDEO
- WATCH: Hologic CEO says second coronavirus test will almost double nationwide capacity
- TECHNOLOGY
- China, banned from International Space Station, plans to complete its own base
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
Good news is what it is just as bad or meh news are what they are too.
One might think that the Manufactured Housing Institute, Clayton Homes, or others beyond the local Paradise Chamber of Commerce would be keenly interested in promoting this good news story.
But so far, that would not be the case.
First, much of the Action News report, and then some analysis. This was from a report dated Posted: May 5, 2020 5:27 PM (see link to original, below).
First mobile home site reopens in Paradise
Paradise residents Greg and Theresa Vincent return and watch tearfully as their new home is delivered to Paradise Mobile Estates, the first rebuilt mobile home park to reopen on the Ridge, 18 months after the devastating Camp Fire destroyed their home.
“Tears were flowing to see the home coming towards us it was like, ok remember to let go of the ribbon,” said Greg Vincent.
“I’ve never seen so much excitement about one home coming into a community it was a lot of fun—but today is really all about the Vincent’s,” said John McDougall, Principal and CEO of Monte Christo Communities.
Greg and Theresa Vincent are Camp Fire survivors – and now they’re coming home.
“For me, it wasn’t even a question,” said Theresa.
The couple has been living in an RV in Durham since the fire, and they told Action News Now, it hasn’t been easy.
But now tears of pain have turned to tears of joy, thanks to Monte Christo Communities in partnership with Casa park homes – the first mobile home [sic] site in Paradise reopened.
39 manufactured homes will be set up and ready for purchase before the end of the year.
“We kinda just move forward with the project and not knowing what the demand would look like when we reopen,” McDougall said.
McDougall feeling blessed, leading the charge to bring the affordable homes back into town.
He says this is a huge step in the recovery process for the town, bringing back housing to hopefully encourage more businesses.
The mobile home site has existed in Paradise since the 1960s. McDougall says this is the second time they are having to rebuild the park.
Pricing for the manufactured home ranges from $70-100,000.
“We’re really hopeful that the town will keep a lot of the character that it had before and the senior community will come back,” he said.
“I love the mountain air and seeing the beautiful stars at night that I’ve missed,” the Vincent’s said. “This is where I wanna be where I wanna stay, it’s a blessing to come home to be back up here where we belong.”
The Vincent’s will be able to move into their new home in a couple of weeks.
“We are thrilled and honored to lead the comeback of mobile home communities to Paradise, where this has historically been a large percentage of the area’s housing. It’s vital that mobile home communities reopen so the Paradise economy can return and it’s displaced residents who want to move back will be able to come home. Welcome back Greg and Theresa!” said McDougall.
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MHProNews Analysis and Commentary in Brief
ICYMI, it is the video posted above where Clayton Homes is mentioned. A close look at the visible interior part of the plastic covering the distant half of the multi-sectional in that video makes it clear that it is indeed a Clayton product.
For those who wonder why the industry is underperforming, a look at the screen captures above and below sheds some light.
Here is a truly good mainstream news story, and neither Clayton nor MHI saw fit to spotlight this event?
But there is another reason to watch this video.
McDougall indicated that there was significant interest in the homes, perhaps surprisingly so, during the COVID19 pandemic.
That’s a point that will be worth following. See the related reports further below and the report that will be published tomorrow morning.
Investors. The question in the headline involving Equity LifeStyle Properties (ELS) below, another MHI member, might well apply here. “What the hell have you been?”
The answer is in part provided, ironically, by yet another MHI member. Frank Rolfe said the above.
Why is the industry underperforming? When you pass on opportunities to tout good news, and some of your largest members are often magnets for bad news, what should be expected?
Related Reports:
Insiders Update COVID19-Skyline Champion, Financial Analyst Warns Investors Against SKY Stock
“MHI Lies, Independent Businesses Die” © – True or False? – Berkshire’s Joanne Stevens Strikes Again
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Spring 2020…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our tenth anniversary and is in year 11 of publishing.
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.https://www.manufacturedhomepronews.com/celebrating-10-years-of-goal-and-solution-oriented-manufactured-home-industry-innovation-information-and-inspiration-for-industry-professionals/· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.https://www.manufacturedhomepronews.com/2019-year-end-totals-reveals-decline-in-new-hud-code-manufactured-home-production-shipments/
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
http://latonykovach.com Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
AEI Flash Housing Market Indicators
