This proposed HUD rule might potentially be useful for manufactured housing. But as always, the devil is in the details. And as the Manufactured Housing Improvement Act of 2000 (MHIA 2000) or the Duty To Serve Manufactured Housing made law as part of the Housing and Economic Recovery Act (HERA) of 2008 experiences make clear, regardless of what a law or regulation says, what matters in practice is the actual implementation of such laws and regulations.

That noted, MHProNews will provide the HUD press release sent on 6.25.2021 below. It will be followed by additional information with analysis in brief, and then the standard features of our business daily mainstream stock markets, manufactured housing connected stocks, and mainstream news headlines snapshots.

 

 

HUD PROPOSES RESTORING DISCRIMINATORY EFFECTS RULE

WASHINGTON—U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced on Thursday that HUD will publish in the Federal Register a notice of proposed rulemaking (NPRM) entitled Restoring HUD’s Discriminatory Effects Standard. The publication proposes to rescind the Department’s 2020 disparate impact rule and restore the 2013 discriminatory effects rule. In its NPRM, HUD states that it believes the 2013 rule is more consistent with decades of caselaw and better effectuates the Act’s broad remedial purpose of eradicating unnecessary discriminatory practices from the housing market.

“We must acknowledge that discrimination in housing continues today and that individuals, including people of color and those with disabilities, continue to be denied equal access to rental housing and homeownership,” said Secretary Marcia L. Fudge. “It is a new day at HUD—and our Department is working to lift barriers to housing and promote diverse, inclusive communities across the country. Today’s publication of the proposed discriminatory effects rule is the latest step HUD is taking to fulfill its duty to ensure more fair and equitable housing.”

The Fair Housing Act prohibits discrimination in housing and housing-related services because of race, color, religion, national origin, sex, familial status, and disability. The discriminatory effects (also referred to as disparate impact) doctrine is a tool for addressing policies that cause systemic inequality in housing. It has long been used to challenge policies that unnecessarily exclude people from housing opportunities, including zoning requirements, lending and property insurance policies, and criminal records policies. Accordingly, having a workable discriminatory effects standard is vital for the accomplishment of the Biden-Harris Administration’s policy goal of a housing market that is free from both intentional discrimination and policies and practices that have unjustified discriminatory effects.

HUD’s 2013 discriminatory effects rule codified long-standing caselaw for adjudication of Fair Housing Act cases under the discriminatory effects doctrine, for cases filed administratively with HUD and for federal court actions brought by private plaintiffs. Under the 2013 rule, the discriminatory effects framework was straightforward: a policy that had a discriminatory effect on a protected class was unlawful if it did not serve a substantial, legitimate, nondiscriminatory interest or if a less discriminatory alternative could also serve that interest. The 2020 rule complicated that analysis by adding new pleading requirements, new proof requirements, and new defenses, all of which made it harder to establish that a policy violates the Fair Housing Act. HUD now proposes to return to the 2013 rule’s straightforward analysis.

The public will have 60 days to file comments on the NPRM. HUD will review the comments, develop responses, and publish a final rule. In the meantime, HUD’s Office of Fair Housing and Equal Opportunity (FHEO) continues to vigorously enforce the Fair Housing Act, including addressing policies and practices by housing providers, lenders, insurers, appraisers, and others that cause unjustified systemic inequities based on race or other protected class.

 ##

 “HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.”

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Additional Information, MHProNews Analysis and Commentary

MHLivingNews underscored the potential for the AFFH years ago. In principle, it might help. The question, as was noted in the headline, is will it? To the HUD tag line above, it is factually obvious that that affordable homeownership is overall in decline since 2000.  So, just because HUD says something that does not automatically make it so.

 

To explore that headline question is this item. It may seem unrelated, but the following from the left-leaning Boston Globe arguably has its parallels in the manufactured home industry. Wally Comer at Adventure Homes and others have told MHProNews that hiring labor with current Biden policies that may pay similarly or more to the unemployed as work might earn them has proven difficult.

With that thought, this is dated 6.25.2021, from the Boston Globe:

“It‘s harder than ever to run a restaurant right now — just when patrons are rushing to come back

Restaurateurs have spent more than a year waiting to get to this moment, when they could finally welcome guests at full capacity, with no restrictions. But now that the opportunity is here, they’re facing a wave of new challenges.

They’re scrambling to find help, hosting on-the-spot hiring sessions, and pleading on social media for staff. They’re raising wages even as costs for ingredients and other goods spike due to global supply chain disruptions.

And after months of subsisting on takeout orders, they’re now turning them away.”

That’s restaurants. But there are manufactured home producers that are several months out on production for similar reasons. That backlog and slowdown in obtaining a replacement home means that independent retailers and non-corporate owned communities may be at a serious disadvantage. That’s on top of the sadly all-too-typical problems that often seem to be caused by public policies, or by the failure to enforce existing laws.

The Texas Manufactured Housing Association (TMHA) said this in an email to MHProNews: “Gov. Abbott Ends Extended Unemployment Insurance June 26.”

The TMHA release added the following:

• Back in late May, Gov. Abbott informed U.S. Department of Labor that Texas will opt out of further federal unemployment compensation related to the COVID-19 pandemic, effective June 26, 2021. This includes the $300 weekly unemployment supplement from the Federal Pandemic Unemployment Compensation program.
• In his announcement, Gov. Abbott stated, “At this stage of opening the state 100 percent, the focus must be on helping unemployed Texans connect with the more than a million job openings, rather than paying unemployment benefits to remain off the employment rolls.”

The Biden-Harris team made numerous promises on ‘healing the country’ and getting the ‘nation back to normal.’ Where is their delivery?

Several of the major brands in manufactured housing which are often MHI members have obvious influence with federal officials from the Biden White House on down. Why haven’t they stepped up and publicly called for the enforcement of good federal laws that would help manufactured housing soar?

HUD – under both Democratic and Republican Administrations – has failed to enforce the Manufactured Housing Improvement Act of 2000. Who says? Kevin Clayton, Lesli Gooch, and others.

 

The FHFA have failed to properly implement the Duty to Serve (DTS) Manufactured Housing made law by the Housing and Economic Recovery Act (HERA) of 2008.  That, per the CFPB, has made manufactured housing lenders owned by Berkshire Hathaway soar in their market share. Who says? Besides the CFPB, ironically, Kevin Clayton in formal testimony to Congress, among others.

 

The time to look beyond mere words from HUD or any other public officials or dominating brands and look at the action, behavior, and the money trail has come.

 

See the linked and related reports to learn more.

 

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Next, is our evening market report and related left-right headlines.

The Business Daily Manufactured Home Industry Connected Stock Market Updates.  Plus, Market Moving Left (CNN) – Right (Newsmax) Headlines Snapshot. While the layout of this business daily report has recently been modified, several elements of the basic concepts used previously are still the same. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market moving’ items.

 

Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

 

Headlines from left-of-center CNN Business = evening of 6.25.2021

• All eyes on Hindenburg
• Meet the short seller who hopes stocks crash and burn
• Key measure of inflation hit highest level since 1992
• Wall Street loves Joe Manchin right now
• ANALYSIS Why Tesla stock is getting left in Ford’s and GM’s dust
• Silicon Valley gave Asia’s richest man billions, but things aren’t going well
• Amazon is about to face a much bigger union fight
• Windows 11 is here: Everything you need to know
• Ferrari says its new supercar is fast and powerful, but it’s mostly about having fun
• A GB News anchor is taking a break — just two weeks after the channel’s debut
• Are you working for a restaurant right now? We want to know what it’s like
• Aunt Jemima’s rebrand is here
• A healthcare places a band-aid on a patient after administering a dose of the Pfizer-BioNTech Covid-19 vaccine at Boston Medical Center in Boston, Massachusetts, U.S., on Thursday, June 17, 2021.
• What employers can ask about your vaccination status — and what they can’t
• ‘F9’ is already a hit overseas. Now it needs to perform in the US
• TO-GO FOOD
• Cocktails are for sale to go at Dudley's bar and restaurant in Manhattan as the Coronavirus, COVID19, outbreak continued unabated on March 19, 2020 in New York City. Bars and restaurants were closed by the city days ago but are allowed to sell food and now alcohol to go. The economic situation in the city continued to decline as more businesses closed their doors and New York weighed a shelter in place order for the entire city.
• America loves to-go cocktails. This state won’t allow them anymore
• Wendy’s is testing a new plant-based burger
• McDonald’s wants to give you a free sandwich
• This chain is relying on chicken thighs
• Dunkin’s new menu item explodes in your mouth
• CONAN SIGNS OFF
• Conan O’Brien says goodbye to late night
• Conan gives his last monologue
• Opinion: Why Conan was a brilliant late-night host
• In pictures: Conan O’Brien’s late-night career
• Conan announces last show after 30 years in late night comedy

Headlines from right-of-center Newsmax – evening of 6.25.2021

• Trump: Georgia Voters Should Sue State Over ‘Rigged’ Election
• Georgia Gov. Brian Kemp (AP)
• Former President Donald Trump is suggesting that Georgia residents sue the state for running “a corrupt and rigged 2020 presidential election.” His comments came in a statement released Friday after Attorney General Merrick Garland announced that the Justice Department is filing a lawsuit against the state of Georgia to try and overturn a new voting law that Democrats allege discriminates against minorities. [Full Story]
• Related Stories
• Georgia’s Gov. Kemp, Secretary of State Slam DOJ’s Voting Rights Suit
• DOJ Sues Georgia Over New Voting Rights Law
• Newsmax TV
• Mark Morgan: Harris Won’t Accomplish Anything at Border
• Gohmert to Newsmax: Migrant Kids to Be Used for VP Harris’ Photo Op |
• Jim Jordan: Big Tech Censored COVID-19 Origins |
• Rand Paul: Fire Dr. Anthony Fauci Now |
• Caitlyn Jenner: ‘I Am an Inclusive Republican’ |
• Rudy Giuliani: De Blasio Leaves Rising Crime Legacy |
• Curtis Sliwa: NYC Mayoral Race Is About ‘Crime, Crime’ |
• Ed Rendell: Gun Laws Are Not a ‘Grab Attempt’ |
• More Newsmax TV
• Newsfront
• Trump to Newsmax: ’24 Announcement Coming in ‘Not Too Distant Future’
• Former President Donald Trump told Newsmax Friday that he’ll make an “announcement” about 2024 “in the not too distant future,” adding that “you’re going to be thrilled,” with the election results that year…… [Full Story] |
• Related Stories
• Trump to Newsmax: Fauci’s a ‘Good Promoter’ But Not ‘a Very Good Doctor’
• Trump to Newsmax: Starting Rallies Again to Give Americans ‘Hope’
• Trump to Newsmax: Nation Being ‘Destroyed’ by Biden’s Border Policies
• Trump to Newsmax: Kids Shouldn’t Get COVID-19 Vaccines
• Trump to Newsmax: Military Chiefs ‘Pathetic’ on Critical Race Theory
• Trump to Newsmax: Melania ‘Very Confident’ and ‘the People Love Her’
• Trump to Newsmax: Will Do ‘Something About Big Tech’ Next Week
• Chauvin Gets 22 1/2 Years in Prison for George Floyd’s Death
• Derek Chauvin Sentenced to 22 Years in Prison in Floyd Case [Full Story]
• Trump’s Thwarted Oil Buy Would’ve Given Biden $6 Billion Bonanza
• A bipartisan compromise unveiled Thursday calls for selling oil from [Full Story]
• Trudeau Says Pope Francis Should Apologize on Canadian Soil
• Prime Minister Justin Trudeau said Friday he has urged Pope Francis [Full Story]
• Poll: Most Say Restrict Abortion After 1st Trimester
• A solid majority of Americans believe most abortions should be legal [Full Story]
• Public Safety App Citizen Has ‘Disastrous Implications’
• New “neighborhood watch” app Citizen is being hailed by supporters as [Full Story] |
• Border Arrests Top 1 Million in Fiscal Year 2021
• S. authorities have made more than 1 million arrests of migrants at [Full Story]
• Senate Tries Again on $3B Pandemic Bill: Sources
• The leaders of the U.S. Senate Foreign Relations Committee are [Full Story]
• Poll: 1 in 4 Say It’s Fair to Make Women Compete Against Transgender Athletes
• Only 25% of Americans think it is fair to make women compete against [Full Story]
• Boy Pulled Out of Collapsed Condo’s Rubble
• A 15-year-old boy was miraculously rescued from the rubble of the [Full Story]
• Kamala Harris Arrives at Border, Dismisses GOP Criticism
• Vice President Kamala Harris visited a border patrol facility near [Full Story]
• Trump’s Company Could Face Criminal Charges in New York City
• Manhattan prosecutors have informed Donald Trump’s company that it [Full Story]
• Georgia’s Gov. Kemp, Secretary of State Slam DOJ’s Voting Rights Suit
• Georgia Gov. Brian Kemp and Secretary of State Brad Raffensperger on [Full Story]
• Iowa Gov. Reynolds Sending State Troopers to Assist Border Officials
• Kim Reynolds, R-Iowa, has approved sending Iowa state troopers [Full Story]
• Family Dog Bites ‘Duck Dynasty’ Star Kay Robertson
• “Duck Dynasty” star Kay Robertson was hospitalized after a dog bit [Full Story]
• Trump: Georgia Residents Should Sue State Over ‘Rigged’ Election
• Former President Donald Trump is suggesting that Georgia residents [Full Story]
• Attorney With Hunter Biden Ties Nominated to DOJ Post
• President Joe Biden nominated someone connected to his son Hunter for [Full Story]
• Top Physicians: Biden Must Take Cognitive Test
• Calls are mounting for President Joe Biden to take a cognitive test [Full Story] |
• Trump: Kids Shouldn’t Get Vaccines
• Children shouldn’t be getting coronavirus shots, as their immune [Full Story] |
• Pence Again Says He Had ‘No Such Authority’ to Reject Electoral Votes
• Former Vice President Mike Pence on Thursday again insisted he had no [Full Story]
• DOJ Sues Georgia Over New Voting Rights Law
• The Justice Department will file a lawsuit against the state of [Full Story]
• Virgin Galactic Cleared by FAA to Fly Customers Into Space
• Virgin Galactic Holdings Inc. received regulatory approval to fly [Full Story]
• Affidavit: FBI Feared Pennsylvania Would Seize Fabled Gold
• An FBI agent applied for a federal warrant in 2018 to seize a fabled [Full Story]
• Harris’ Office Denies Trump, GOP Pushed Her to Visit Border
• Vice President Kamala Harris’ office is rejecting arguments that she [Full Story]
• Conan O’Brien Bids Final Farewell to TBS Late-Night Show
• Conan O’Brien stayed true to form as he wrapped his TBS show “Conan” [Full Story]
• 1 Dead, Almost 100 Missing in Miami Condo Collapse [Note: the latest report is 4 dead, 159 missing]
• A beachfront condo building partially collapsed Thursday outside [Full Story]
• Researcher: Collapsed Surfside Condo Was Sinking for Decades
• A Florida high-rise condo that collapsed early Thursday was [Full Story]
• Study: First COVID Case May Have Hit China in Oct. ’19
• The virus that causes COVID-19 could have started spreading in China [Full Story]
• Transgender Out of US Trials Due to High Testosterone
• Transgender runner CeCe Telfer will not be allowed to compete in the [Full Story]
• Congressional Policing Reform Agreement Reached, But Future Uncertain
• Congressional bargainers said Thursday they’ve agreed to a bipartisan [Full Story]
• More Newsfront
• Finance
• Consumer Spending Takes Breather; Inflation Pushes Higher
• American consumers paused their spending paused in May as shortages weighed on motor vehicle purchases, but the supply constraints and increased demand for services helped to boost inflation, with the Federal Reserve’s main inflation measure posting its biggest annual… [Full Story]
• Fed’s Rosengren: Financial Stability Risks Could Derail Labor Recovery
• 7-Eleven Ordered to Sell 293 Stores Bought in Speedway Deal
• UK Watchdog Investigating Amazon, Google for Fake Reviews of Goods
• Apple’s Car Obsession Is All About Taking Eyes Off the Road
• More Finance
• Health
• Top Health Officials Tout Vaccines After Heart Risk Reports
• S. public-health leaders sought to reassure Americans that Covid-19 shots are safe and to get vaccinated after reports that a relatively small number of mostly young men had suffered a heart problem after being immunized. About 1,200 cases of heart inflammation have been… [Full Story]
• Men at Higher Risk for Cancer Than Women: Lifesaving Strategies
• Another New Alzheimer’s Drug Seeking FDA Approval
• Delta Plus – the Newest Variant – Now in the US
• Sense of Smell Returns for Most COVID Survivors: Study

Manufactured Housing Industry Investments Connected Equities Closing Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

• • • • • • • • • • • • • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
                        • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
                        • NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of  the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.

Spring 2021…

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.
Enjoy these ‘blast from the past’ comments.

MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.

Sample Kudos over the years…

It is now 11+ years and counting…

Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.

· For expert manufactured housing business development or other professional services, click here.
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Disclosure. MHProNews holds no positions in the stocks in this report.

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

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship 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.