This report with analysis will start with BisNow which published a report on 2.12.2024 authored by Olivia Lueckemeyer under the headline “Investors See ‘Huge Opportunity’ To Cash In On Stigma-Prone Manufactured Housing Sector.” Lueckemeyer’s article for BisNow said the following. “Some of the most profitable investments are in industries where demand is outpacing supply,” said Kristin Millington, director of manufactured housing and self-storage at Dallas-based Crow Holdings Capital, which has homed in on the sector in a major way. “That’s the exact dynamic we see present in the manufactured housing space, and we don’t really see that changing.” “Developers [of new manufactured home communities] have a very hard time getting these approvals [for new manufactured home communities],” Millington said. “There’s an element of NIMBYism.” That BisNow article followed on the heels of a report by NewsNation which included the following observations by Laurie Goodman, and Urban Institute fellow. “The puzzle is why there’s so little [manufactured housing] being shipped when it’s a much better product than it used to be.”  Goodman also said that “historically [manufactured homes have] been a more affordable option.” “Advocates are pushing for legislative change but are met with opposition.”

When a reporter, quick researchers, or writer looks in on manufactured housing, they may not always invest sufficient time to get all of the facts needed to answer some of their own unasked or unanswered questions.

It ought to be obvious to anyone who invests sufficient time and can be objective that manufactured housing is underperforming. It is underperforming by historic norms. Our industry is underperforming based on common sense norms too. The same issues are raised time and again by mainstream media, as if they wrote something without reading what others before them have written.

• And who among these outsiders looking in are willing to hold the powers that be accountable?
• Who are willing to ask the obviously needed follow up questions?
• Which of them has asked the contrarians that aren’t kissing the ample derrieres among certain people and brands associated with the Manufactured Housing Institute (MHI) why the industry continues to make the same mistakes in much the same way for most of the 21st century?

For instance.

Law Professor Daniel R. Mandelker

Points raised last year in a paper listed below are from “Getting Zoning for Manufactured Housing Right” was authored by “Daniel R. Mandelker is the Howard A. Stamper Professor of Law Emeritus at Wash U Law and is one of the nation’s leading scholars and teachers on land use.” Has UI’s Goodman read Mandelker’s remarks?

Mandelker said: “Unequal treatment in zoning ordinances is a major barrier to manufactured housing.”

Here are examples per Professor Mandelker of zoning requirements for manufactured housing that are not applied equally to site-built housing:

1. Exclusion from a municipality
2. Exclusion from all or some single-family zoning districts
3. Exclusion based on the age of manufactured housing
4. Limitation to specially designated zoning districts, such as rural and agricultural zoning districts
5. Limitation to manufactured housing parks
6. Minimum lot size requirements
7. Requiring a special exception for manufactured housing in a single-family zoning district
8. Refusing to approve a special exception for manufactured housing in a single family zoning district
9. Rejecting rezoning to a district where manufacture housing is permitted, when rezoning for other uses to a district where they are permitted  is       approved
10. Refusing to approve a special exception, site plan approval, or certificate of appropriateness in an historic district for manufactured housing, when these approvals are granted for similar uses
11. Refusing to approve a subdivision for manufactured housing when similar subdivisions for site-built housing are approved
12. Minimum building size requirements that are not required for site-built housing
13. Design standards limited to manufactured housing
14. Denial of design approval for manufactured housing, when design approval is approved in similar circumstances for site-built housing
15. Dimensional requirements
16. Setback requirements
17. Landscaping requirements
18. Requiring elevation at grade level above a floodplain, excessive dormer lengths, storm shelters, and 300 square feet of public playground space for manufactured housing, when these requirements do not apply site-built housing”

Let’s presume – for good reasons – that every word by that respected law professor is true.

Among the recommendations by Mandelker was his observation that an ‘organization is needed for manufactured housing advocacy, litigation, and legislative support.’ Ironically, Clayton Homes was part of his acknowledgments. “The author would like to thank…Ramsey Cohen, Director of Industry and Community Affairs, Clayton Homes…”

Did the Urban Institute‘s Goodman follow the money trail? Did she ask the investigators questions and then candidly report all that she found? Did she mention that Warren Buffett is a lifetime trustee of the Urban Institute?

Clayton Homes is a prominent member of the Manufactured Housing Institute (MHI). Clayton-backed Stacy Epperson was reportedly the sole abstaining on the MHCC recently in their otherwise unanimous opposition to the pending DOE manufactured housing energy rule. Where are the reporters and researchers willing to connect the dots who have editors and publishers willing to let them do it?

What to an outsider like Goodman who is looking into the diminished world of MHVille, what is initially encountered may indeed seem puzzling at first.

But Goodman’s own points beg more questions. Manufactured housing’s reality in early 2024 should be clearer based on what Crow Holding’s Millington said. Because Millington’s remarks, quoted above and below, are not unique. Millington’s statements are in a sense a repeated theme, as what follows her quotes will demonstrate.

• “Some of the most profitable investments are in industries where demand is outpacing supply.”
• “That’s the exact dynamic we see present in the manufactured housing space, and we don’t really see that changing.”

In fairness, it isn’t always clear from when a report is published as to when remarks by some person were made. That noted, when what BisNow published is closely compared to what follows, Millington’s observation are in reality a rephrased version of what a recent Equity LifeStyle Properties (ELS) investor pitch said under the heading “Supply Constrained Asset Class.”

Meaning, Millington’s words are more of a confirmation of information that was already available and thus should already be apparent. Which begs questions of the Urban Institute and others that do reports that fail to connect the necessary dots.

Even the example from ELS that follows is merely another in a chain of such examples over the course of several years.

While Millington’s and ELS’ remarks may have some minor variations in how they have been expressed by the consolidators of manufactured housing, they are similar enough to beg several questions.

Note, for instance, that it doesn’t take a great reporter to figure out that several of the same consolidators routinely hang out at MHI, state association, or other industry events.

The wonder isn’t that there are multiple antitrust lawsuits that claim collusion among several brands that cross various sectors of manufactured housing.

The wonder is that there aren’t already a torrent of such lawsuits, and combined with the history of some of these organizations and firms that state and federal investigators aren’t forced to get moving by a wave of complaints from a weary public and agreed professionals.

There is only so much dirt that can be swept under the proverbial rug before the bulge gets so big that it is no longer practical to keep sweeping more dirt under it. Sooner or later, a housecleaning is needed.  Those points made, consider what ELS said.

ELS’ Investor Pitch

“There has been limited MH [i.e.: manufactured housing] development in the U.S. in the past 20 years” and “Growing demand coupled with almost no new supply is a strategic advantage for ELS.” Those words mirror the point that Millington made quoted above.

ELS has held a board position on the MHI board of directors for years.

Note that the reason for the “Supply Constraint” cited by ELS also mirrors Millington’s and Mandelker’s points. “NIMBY” (Not in my backyard) and “Restrictive zoning & regulations.” But the third bullet on the right ELS call out box below is curious.

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That third bullet on the right side of the callout box in the ELS investor pitch said: “Federal planning vs. local planning.” Those five words could be the subject of a chapter in a book on the topic of why manufactured housing is underperforming during an affordable housing crisis.

Part I – Factual Errors by BisNow’s Lueckemeyer?

Let’s note that the BisNow article had some apparent factual and other glitches. Some examples are useful.

1). “U.S. Census Bureau data shows that shipments of manufactured homes grew from 94,400 units in 2020 to 105,800 in 2021 and nearly 113,000 in 2022. Shipments have since normalized to pre-pandemic levels, but a supply-demand imbalance remains that offers a clear advantage for investors.”

That remark, that shipments have ‘normalized to pre-pandemic levels’ ignores the fact that manufactured housing is operating at only about 1/4th of the production achieved in 1998. More on that in the report linked here.

Production in 2023 only achieved 89,169 total HUD Code manufactured homes produced, a level lower than 2017. So, that 89,169 new manufactured homes last year was hardly ‘normal.’ In the late 1990s, manufactured housing consistently produced over 300,000 new homes every year.

Another statement in the BisNow report that is arguably poorly phrased is this one.

2). “The Lincoln Institute estimates that one-fifth of manufactured housing communities, or about 800,000 homes, were purchased by investors between 2015 and 2023.”

That should be phrased as homesites, not homes. Where was their editor?

But the 1/5th number may also be high.

Here is how publicly traded and higher-profile MHI member Flagship Communities put it in their investor relations (IR) pitch. Per MHI, Flagship said that the total of properties held by consolidators stands at about 17 percent. So, at a minimum, an accuracy minded BisNow might have pointed out that discrepancy between those sources (MHI and the Lincoln Institute).

But perhaps more important are these factual misses in that BisNow report.

3). “It is estimated that 22 million Americans live in 43,000 manufactured housing communities across the U.S., according to data from Matthews.”

What Matthews actually said in was the following.

4). “It is estimated that there are around 4.3 million sites for manufactured homes in the U.S. About 27% of new manufactured homes are located within communities, and the country boasts approximately 43,000 such communities. Notably, a third of these communities were developed between the 1950s and 1990s.”

And Matthews also said:

• “Approximately 21.2 million individuals reside in manufactured or mobile homes across the country.”

That was previously reported as some 22 million by the U.S. Census Bureau and merits a closer look as to why the Census Bureau has changed the number from 22 to 21.2 million.

So, there are multiple glitches involved, including with Matthews. Matthews credits that they turned to information from MHInsider, which was arguably an errant choice because the MHInsider has been fact-checked (see below) and found wanting.  They too had several apparently errant or arguably misleading claims. Additionally, the Lincoln Institute aptly noted that there are over 50,000 land-lease communities, citing research conducted by the U.S. Federal Emergency Management Agency (FEMA). Why is it that MHVillage and MHI keep saying about 43,000?  Keep in mind that ELS, the parent company to MHVillage/MHInsider, has known for some time that there are 50,000 such communities in the U.S.

BisNow also said the following.

• 5). “Every day, with the affordable housing crisis, demand increases for these types of homes,” said William Boles, an investment sales associate in Matthews’ manufactured housing division. “That drives rents, and ultimately, drives prices.”

While ‘demand’ for affordable housing may indeed be increasing, that doesn’t mean that production for affordable manufactured housing is rising.

Indeed, as was noted previously, production fell sharply last year. In fact, production of new manufactured homes has been falling for about 15 months.

6). There are other statements that are questionable. But despite several errors/glitches, the BisNow report is nevertheless relevant for those who know how to separate the wheat from the chaff by the process of double checking the facts and claims, as this report does.

For instance. Per BisNow.

That number is poised to grow as companies respond to demand for affordability, said James Cook, national director of brokerage at Miami-based Yale Realty & Capital Advisors. “When I started in this business in 2007, you could count on one hand the number of institutional players,” he said. “Today, it’s well north of 100.”

That remark ought to be a cautionary flag for independent producers, street retailers, smaller investors, community residents, resident-advocates, and public officials among others.

7). So, the concerns raised by consumer groups and advocates regarding the rush into the land-lease community sector is real.  But what the BisNow article helped illustrate is that despite claims by MHI that they are working for “all segments” of manufactured housing, the BisNow report – properly understood – illustrates otherwise. Consolidation by ‘predatory’ firms is a trend MHProNews and our MHLivingNews sister site have been reporting on for some years.

8). For example, despite MHI’s self-description, it should be obvious that consumers are a segment of the industry. Perhaps consumers are the ‘key’ segment, in as much as without customers, there is no industry.  MHI’s president and CEO at the turn of the 21st century seemed to grasp that point when he said the following.

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But with the push toward consolidation, consumer interests at MHI appears to be waning as the consolidators appear to be in charge.

9). When the phrase “stigma-prone” is uttered, that too should beg questions. Why is it that so many firms that are members of MHI have an apparently problematic record with mainstream media and their own customer base? How is it that those members of MHI which have a poor record are tolerated, given MHI’s so-called Code of Ethical Conduct?

10). But it isn’t just residents and/or customers of predatory brands that are suffering. It is also employees. It is smaller competitors. The ‘stigma’ should have been dealt with long ago. The problems are known. They are well understood by those well-informed industry veterans. Which of itself implies that there are forces operating in manufactured housing that desire the status quo for their own selfish reasons.

11). There is only so long that the coverups and distraction tactics can and will hold. Some of what MHI insiders have done and are doing borders on the absurd.

Part II – Additional Information with More MHProNews Analysis and Commentary

As a relevant aside, on the Dan Bongino show at 1:09 PM on 2.20.2024 he said, ‘If we had a fair and sane media conservatives would never lose an election.’ Agree or disagree with that remark, let’s apply his paraphrased notion for the next few moments to manufactured housing in this respect.

‘If we had a fair and sane media,
manufactured housing would be soaring.

Ne’er do wells would be sued,
prosecuted, and behind bars.’ 

As MHLivingNews has been documenting for years, there are any number of useful, relevant, third-party research reports on manufactured housing by universities, government agencies, nonprofits, and organizations like the National Association of Realtors (NAR) or mortgage giant Freddie Mac. Gathering those items into a collection is a steady magnet for traffic. Frankly, it isn’t rocket science. But that too begs the question. Why hasn’t MHI done that on their website? Or why aren’t MHI member trade media doing something similar to what we’ve done?

• As antitrust and consumer advocacy legal researcher Samuel Strommen observed, insights into a person or organization can be inferred by behavior.
• Additionally, it isn’t just words on a page or recorded in audio or video recordings that matter. Words can be sincere or insincere.

Two distinctive Reports. One common goal. Expose the corruption that must be dealt with
in a way that could cause millions of lives to flourish. Honest and motivated public officials and
plaintiffs’ attorneys are part of the possible solution. 

Some of the wealthiest individuals and/or the largest hedge funds/conglomerates in the world have investments in manufactured housing.

There are no practical limits on how much money could be invested into the manufactured housing sector.

What that implies is that any of the roadblocks, any of the stigmas, any of the misunderstandings could be cleared up years ago.

The fact that decades old issues persist is a BIG CLUE that the powers that be involved in manufactured housing have decided that they accept the status quo.

As Kevin Clayton said in a video interview posted in the report linked below, Warren Buffett told him he can access plenty of capital. Clayton can get whatever he needs. Over a dozen years have passed since Clayton said there would be a national campaign by the industry to address the stigma surrounding the product. What was all that if not increasingly obvious hot air?

Numbers of the industry’s meetings feature attendees who are adept at smiles, gladhanding, and projecting an image that is apparently at odds with reality.  Once worthwhile awards are now tainted by who is being ‘honored’ and who is being excluded.

Not only has much of mainstream media missed these evidence-backed realities, but so too has much of specialized media. When ALL of the facts are grasped, for someone with a moral compass MHVille offers one shock, one scandal, one more embarrassment after another.

There is only so long that the illusions will hold.

Indeed, as MHProNews has illustrated with the growing number of antitrust cases, it is entirely possible that the industry is at the leading edge of a wave of litigation, investigations, and probes that could – God willing! – bring this series of avoidable tragedies to an end.

Because let’s be honest. It isn’t like public officials are unaware of what is going on in MHVille. Take these following examples. In the 2019-2020 campaign cycle, there were presidential candidates campaigning on the woes in manufactured housing four and five years ago. What happened to them? What happened to their noble sounding words?

Senator Elizabeth Warren, Other 2020 Democratic Candidates, Affordable Housing, and Manufactured Homes

“There is an affordable housing crisis in this country,” said Senator Elizabeth Warren in the video below. “That’s why we are here. A safe, stable, affordable home is the foundation for almost everything else in our lives.” That is all true. But it isn’t as if Liz Warren is without media contacts. Or as if she lacks the ability to make criminal referrals to public officials who have subpoena powers and can prosecute.

Manufactured Home Action, MHAction, New York Communities for Change, Sen Elizabeth Warren, George Soros, Move On Connections from Manufactured Home Living News on Vimeo.

The posturing and projecting surrounding MHVille are epic in proportion. Candidates come for their photo and video ops during campaign season, or for some other reason. The residents may think for a time that they are about to get real attention, real help. And then, the candidates and attention are gone. The residents continue to struggle under the hands of the predators that the public officials said they were there to help them battle. All the while, what is needed is for state and federal officials to apply existing laws!

Sexting, Alice, Zhivago, Network, Culture, Mother’s Day, and Celebrating Manufactured Housing

Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

State and federal officials know there is a problem. HUD’s own researchers have said that the problems and solutions have been known for 50 years. 50 years! Five decades!

Politicos may seem to take certain steps. But at the end of the day, it seems that the crony capitalists buy their way out of or dance their way past whatever the scandal de jour happens to be.  And the smaller businesses, the employees, the residents, the taxpayers – the list goes on for all those who suffer, including the homeless.

This pattern of inept and/or corrupt behavior can’t last forever.

A day of reckoning is coming.

It may take a combination of factors to end this rolling pattern of industry underperformance, predatory behavior, that are all tied to scandalous behavior. There are public officials, corporate and nonprofit leaders that all have a share in the guilt.

Dramatic, But Misleading? Manufactured Home Marketers Eye-View of Recent Tornado Deaths in Oklahoma, Alabama

So long as the powers that be at MHI keep holding meetings where the back slappers, smilers, and ‘award winners’ can cheer each other on, that scam will continue.

But perhaps enough shareholders and stakeholders in publicly traded firms will begin to complain to boards and public officials that something genuine is done.

Until then, MHProNews and MHLivingNews will continue to lay out the facts, evidence, allegations, and logic for why so many are ignoring the obvious.  We should note anew that not all at MHI are tainted. Nor is our industry without genuine advocacy that has stayed true to its mission. See the report yesterday to learn more, which includes some fascinating lyrics-poetry created by Bing’s AI Copilot. Perhaps even AI wants to make light of how ludicrous it all is?

Manufactured Housing Consensus Committee Voted to Reject the “Destructive” Pending Dept. of Energy (DOE) Manufactured Housing Energy Enforcement Rule-What Does It Mean? Plus MHMarkets Update

Several developing reports, including one on Flagship Communities plus other MHI members are pending. Who else in MHVille correctly predicted the start of this wave of antitrust and related litigation well in advance? Stay tuned to your most accurate and dependable sources for manufactured housing “Industry News, Tips, and Views Pros Can Use” ^© where We Provide, You Decide.” ^©  ##

Part III – 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 move 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.

Headlines from left-of-center CNN Business – from 2.21.2024

• BuzzFeed sells Complex Networks for less than half of what it paid and slashes 16% of staff
• US Federal Reserve chair Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, on January 31, 2024.
• Fed officials remained worried that inflation could stop cooling, minutes show
• A Nvidia Grace CPU Superchip, bottom, and Grace-Grace module arranged at the company’s headquarters in Santa Clara, California, US, on Monday, June 5, 2023.
• AI boom drove Nvidia profits up 580% last year
• An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019.
• Boeing removes head of 737 Max program in wake of safety incidents
• Dunster House, on the campus of Harvard University, is seen on February 17, 2024, from across the Charles River in Allston, MA.
• Harvard denounces ‘profoundly offensive’ antisemitic image circulated by pro-Palestinian campus groups
• Striking United Auto Workers (UAW) march in front of the Stellantis Mopar facility on September 26, 2023 in Ontario, California.
• 2023 was year of the strike. Here’s what’s possibly ahead in 2024
• Yuki Matsui #1 of the San Diego Padres stands during the daily workout at Peoria Sports Complex on February 12, 2024 in Peoria, Arizona.
• Why the new Major League Baseball jerseys have players and fans furious
• This screen grab from a “Jimmy Kimmel Live” video shows Kimmel speaking about George Santos during an episode on February 20, 2024.
• Jimmy Kimmel mocks ‘preposterous’ lawsuit brought by former Rep. George Santos
• The barbarians have arrived at Macy’s gate
• Anti-Ukraine rhetoric has saturated right-wing media. Now it is helping to deliver actual war victories to Putin
• Preparing for war, social unrest or a new pandemic? Chinese companies are raising militias like it’s the 1970s
• Caitlin Clark just broke another record
• Dunkin’ is now selling caffeinated energy drinks, even after Panera’s charged lemonade controversy
• Apple launches its first sports app
• Red Lobster was nearly crippled by all-you-can-eat shrimp. Now it’s trying endless lobster
• Is Nvidia too big to fail?
• China’s economic troubles are hurting global banks
• Uber Eats is launching robot deliveries in Japan
• Amazon is replacing Walgreens in the Dow Jones Industrial Average
• America is on the cusp of a new biggest credit card company. Here’s what it could mean for you
• Teamsters union strikes Molson Coors as it prepares to walk out at Anheuser-Busch next week

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 2.21.2024

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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 an outreach on Dec 7, 2o23.

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.