In a wide-ranging discussion, one of the points raised was simple and direct. When will the Manufactured Housing Institute (MHI) begin to press for an enforcement of existing federal laws?
Failing that, the same professional pressed – when industry manufactured home independents who hunger for more sales organize to enforce existing industry laws?
Those are not only a fair question, they are tied directly to topics MHProNews periodically raises.
The recent video posted at this link here includes this pull quote from prior MHI President and CEO, Richard “Dick” Jennison.
That 500,000 new HUD Code home sales potential was reportedly authorized by Tim Williams, 21st Mortgage Corp President and CEO, prior to Jennison making that statement. Rephrased, it was clearly believed to be doable by informed, veteran industry leaders.
Contrast to that noble goal, what Lesli Gooch and Mark Bowersox have said is “MHI 2.0” has entirely stopped issuing what used to be the trade group’s so called monthly economic report. For those who have never seen one of MHI’s economic reports, or forgotten what they looked like, click here.
If not for MHARR and MHProNews publishing that information, thousands of industry pros would have no clue as to what the current state of production and shipments would be.
Related to that, earlier today, MHProNews published a report that looks at a related issue of the failure of so many institutions in and outside of manufactured housing. That deep dive report is linked here.
But tonight, the featured focus are some cogent and forward looking thoughts on how to grow manufactured home sales and production.
For our growing numbers of new readers, as well as a reminder to those returning daily, a few quick evening/nightly market report insights.
- Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and in a matter of moments, savvy professionals can see at a glance news headlines and views across the political spectrum.
- This is a time saving and insightful way to quickly grab insights from across the left-right divide for those who are hooked on this market-nightly feature.
- Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
- After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:
On a day that broadly saw manufactured home connected equities rise, let’s press ahead toward the insights from a veteran who believes that more is possible with the correct thinking and concerted action.
Quotes That Shed Light – Industry, American, Social, National Issues
Headlines from left-of-center CNN
- Dow soars 570 points
- The Fearless Girl bronze sculpture by Kristen Visbal stands across from the New York Stock Exchange on Wall Street
- Daily life, New York, USA – 28 Jan 2021
- Job gains were much higher than expected, but investors worry about rising inflation pressures
- US adds 379,000 jobs as recovery finally gains steam
- Virgin Galactic stock tanks as chairman cashes out $200 million personal stake
- Covid gutted many people financially, but others are doing better than ever
- Wall Street is desperate to know if Jerome Powell has the stomach for higher inflation
- Opinion: A tax on financial transactions could rein in Wall Street’s greed
- US and EU agree to suspend tariffs linked to long-running Boeing-Airbus dispute
- Small businesses desperately await PPP loans
- Listen: Surviving the pandemic economy
- T-Mobile unveils the latest way it’s taking on Verizon and AT&T
- Tesla is losing US market share to … Ford
- Your self-driving car still isn’t ready. Smarter roads might change that
- The pandemic boom for grocery stores is over
- The 2019 Jeep Cherokee is introduced during a press preview at the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, on January 16, 2018.
- Car makers appealed to Americans’ deep love of SUVs and trucks on at the Detroit Auto Show, unveiling a host of choices from luxurious to utilitarian, while also beefing up the humble sedan.
- Jeep boss says it may might drop Cherokee name
- Fake tax preparer gets six Covid-19 bailout loans worth more than $1 million
- Yes, you are getting lots of robocalls again
- SPAC MANIA
- A rocket-building startup announced it’s going public through SPAC
- Electric vehicle startup raises $4 billion in SPAC
- Celebs are getting into SPACs. What could go wrong?
- Colin Kaepernick gets on Wall Street’s hottest trend
- No slowdown in sight for IPOs or SPACs
- RETAIL
- Beaverton, OR, USA – Oct 1, 2020: The Burlington store in Beaverton, Oregon. Burlington is an American off-price department store retailer, and a division of Burlington Coat Factory Warehouse Corp.
- Stores are closing. This discount chain plans to move in
- Dollar Tree launches ‘combination stores’
- TJ Maxx hopes customers will ‘revenge shop’
- Why facial piercings could help boost mall traffic
- Disney is closing 60 stores in the US and Canada
Headlines from right-of-center Newsmax
- Trump Rips Biden Over Border
- Former President Donald Trump blasted President Joe Biden for the “spiraling tsunami” at the southern border. His comments came in a statement released on Friday afternoon.
- The Biden Presidency
- Ex-CBP Head Mark Morgan: Fast Immigration Moves Surprising
- Democrats Agree on Smaller, Longer Jobless Aid
- Tom Cotton: Biden Nominee Has Wrong Temperament for Pentagon
- Supreme Court Dismisses Appeals of Trump’s ‘Sanctuary Cities’ Funding Order
- Republicans Demand Hearings on Border ‘Crisis’
- US Debt Burden to Rise to 202% of GDP in 2051: CBO
- WH’s Psaki Won’t Give Credit to Trump’s Operation Warp Speed
- The Biden Presidency
- Ex-CBP Head Mark Morgan: Fast Immigration Moves Surprising
- Democrats Agree on Smaller, Longer Jobless Aid
- Tom Cotton: Biden Nominee Has Wrong Temperament for Pentagon |
- Supreme Court Dismisses Appeals of Trump’s ‘Sanctuary Cities’ Funding Order
- Republicans Demand Hearings on Border ‘Crisis’
- US Debt Burden to Rise to 202% of GDP in 2051: CBO
- WH’s Psaki Won’t Give Credit to Trump’s Operation Warp Speed
- More The Biden Presidency
- Newsfront
- Sanders Bid to Restore Minimum Wage Hike Falls Short
- Bernie Sanders last-ditch effort to restore a minimum-wage hike to the pandemic-relief bill fell short. Senate Democrats separately were working to resolve differences over supplemental jobless benefits to be included. Majority Leader Chuck Schumer pledged the Senate…
- Related Stories
- Kamala Harris Casts Tiebreaking Senate Vote Advancing $1.9T Relief Package
- Capito: ‘Bloated’ Coronavirus Stimulus Bill a ‘Non-Starter’
- Former Amb. Danon to Newsmax TV: Allegations Against Israel ‘Ridiculous’
- Israel’s former Ambassador to the United Nations Danny Danon
- Gallup Poll: Majority Say Coronavirus Situation Improving
- Related
- 52 Percent of Voters Have Favorable View of Dr. Fauci
- Fauci: Don’t Stop Health Measures in Reopened States
- Alabama Not Yet Joining Red States on Tossing Mask Mandate
- Obama Feared Biden Would Embarrass Himself in 2020 Run, New Book Claims
- A new book detailing the 2020 election claims that former President
- The Left is Threatening to Erode the Evangelical Voting Bloc
- The evangelical Christian movement has been a rising force
- WH: Report Cuomo Aides Rewrote Nursing Home COVID Data ‘Troubling’
- White House press secretary Jen Psaki on Friday said reports that top
- Cuomo Accuser Charlotte Bennett: He Asked to Find Him ‘a Girlfriend’
- Charlotte Bennett, one of the three women accusing New York Gov.
- Related
- Nicole Malliotakis to Newsmax TV: Cuomo Must Resign
- Cuomo Team Rewrote Nursing Home Report to Conceal Death Toll
- NY Senate Leader: Cuomo Should Quit If 1 More Accuser Comes Forward
- Ex-Cuomo Aide Tells CBS She Was ‘Groomed’ for Sex
- Lee Zeldin to Newsmax TV: Cuomo’s Time’s Up; I Might Run
- NY Lawmakers Approve Bill to Strip Cuomo’s Pandemic-Era Powers
- Biden: ‘Indian-Descent Americans Are Taking Over the Country’
- President Joe Biden reportedly said “Indian-descent Americans are
- Jim Jordan to Newsmax TV: Dems ‘Codifying’ Election Violations
- Realizing their election law changes under the guise of COVID-19
- Related
- Fred Keller to Newsmax TV: HR 1 Is ‘Resurgence of the Swamp’
- Scott DesJarlais: H.R. 1 Changed the Rules to Win the Game
- Trump to Fox News: Drop ‘Pompous Fool’ Karl Rove
- Former President Donald Trump told Fox News to dump Republican
- ACLU Challenging California Donor Disclosure Rule in SCOTUS
- The American Civil Liberties Union is supporting a challenge
- GOP State Lawmakers Look to Nullify Federal Gun Limits
- With Democrats controlling the presidency and Congress,
- Expect Higher Prices, Changes in Service Industry Post-COVID
- America’s economy is not going back to normal post COVID-19
- Microsoft’s $10B Pentagon Cloud Deal at Risk Amid Amazon Fight
- China Abandons 24-Year Experiment With Open Hong Kong Elections
- Panel Recommends ‘Quick Reaction Force’ for Capitol
- White House Spokeswoman Refuses to Credit Operation Warp Speed for Expedited Vaccine
- White House Press Secretary Jen Psaki steadfastly refused to give
- Finance
- US Job Growth Beats Expectations in February
- S. jobs increased more than expected in February amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months…
- US Debt Burden to Rise to 202 Percent of GDP in 2051: CBO
- US Job Growth Likely Rose in February in Rebound From Slump
- Business Travel Is Changing Forever, AmEx Says
- Virgin Galactic Chairman Sells $213 Million Stake
- Health
- Report: COVID Deaths 10 Times Greater Where Obesity Rates Are High
- Countries where more than half of adults are overweight have recorded COVID-19 mortality rates in excess of 10 times those in other nations, according to a report by the World Obesity Federation. Of the 2.5 million pandemic deaths…
- 5 Subtle Signs of Depression You Should Not Ignore
- New Hope for Vaccine Against UTIs
- FDA Warns Against Formaldehyde in Hair Straighteners
- Opioid Use for Knee Arthritis a Costly Mistake
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
There are numerous professionals who are engaged at the Manufactured Housing Institute (MHI) who believe that much more can and should be done to increase sales. Indeed, some are disgusted that the industry has suffered two consecutive years of decline during an affordable housing crisis.
One of those voices called MHProNews today. He made a simple case for how MHI could be advancing the industry in a rapid fashion.
- The laws needed for combating zoning and placement issues already exist, he said.
- It is unacceptable that those good federal laws are not being put to full use.
- A “Legal Conflict Team” of attorneys should be retained. He said with MHI’s annual budget, this would not be a problem to fund.
- That Legal Conflict team would be assigned to deal with any jurisdiction that attempts to stop the placement of a HUD Code manufactured home due to a range of common excuses currently made by local governments.
- He said that just a few victories in various courts – or through threats of launching legal efforts when local jurisdictions begin without cooperation – would rapidly reward the efforts.
- Additionally, those Legal Conflict Team attorneys should meet with HUD leadership and get them to join in such efforts to enforce the HUD Code.
If MHI won’t do it, that professional said that the industry’s independents ought to organize and do it apart from MHI.
MHProNews listened, made some observations, asked some questions, and mentioned that the report that was in process at the time – linked below the related reports dealt in part with institutional failure. That failure, the case could be made, was intentional on the part of MHI. How else to explain their lack of effort to do precisely what he was suggesting?
Time will tell if that person decides to pick up a mantle and move such a noble effort ahead by organizing with others to do what he suggested.
See the related report below, which includes observations about internal industry roadblocks.
Related, Recent, and ‘Read-Hot’ Reports
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).
- 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.
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Winter 2021…
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 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…and Williams, who praised our accuracy and other services to manufactured housing for years, then said this.
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.
· 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.
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.
