The first part of the headline about HUD Secretary Ben Carson on suburban housing options will be our featured focus tonight.
That means the middle part of the headline, about CBS’ pending interview with Obama-era Vice President Joe Biden is next up.
For those who don’t follow politics closely, it is useful to know that the former VP has said that he won’t answer questions about this topic, then said he would answer after Judge Amy Coney Barrett is confirmed. Now, it seems he is coming closer yet to shedding light on a hot topic for millions.
Norah O’Donnell “presses Joe Biden on his position on Supreme Court reform,” says CBS’ 60 Minutes YouTube video teaser page. That video is posted below.
This has been a question that both Biden and his running mate, Senator Kamala Harris (CA-D), have been dodging for weeks.
The reasons this matters to industry professionals, and all others, is summed up in the insight by manufactured home attorney Kurt Kelley.
First, it must be noted that Democrats have admitted that they aren’t as far up in the polls as the Real Clear Politics (RCP) averages suggest. Additionally the Trafalgar group poll, which was among the most accurate in 2016, believes that President Trump is ahead in several battle ground states, despite what other polls say. Put differently, this election is going to be decide by those voters who turn out for their favored candidate, or for the candidate that the find better than the alternative.
If Democrats swept the White House, Senate, and House, as some say may happen, and then the Supreme Court gets packed – more justices are added that will back the Biden-Harris agenda – and is politicized, then a normal check for the rights of citizens and businesses would be lost.
Full Statement from former Hunter Biden business partner: https://t.co/BPwXdutKHP
— Laura Ingraham (@IngrahamAngle) October 22, 2020
The evidence is mounting about Biden family corruption, as a report linked below reflects.
While all three branches of the federal government matters, GOP keeping control of the Senate as well as the White House are arguably more important than ever for the interests of the rule of law. More on that in the report linked below.
That article may well end up one of the most read on MHProNews in October, even though it was published with just over a week to go in the month. Read it and see why.
With that backdrop, let’s move toward the featured focus tonight, which has clear implications for manufactured housing on several levels.
This evening’s featured focus is found following tonight’s quotable quotes, the left-right headlines, and two of our three market snapshot graphics at the closing bell today. The final market graphic that summarizes over a dozen manufactured housing industry connected stocks at the closing bell follow the featured focus, recent and related report links.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- A 50-year low
- Single-family homes are seen in this aerial photograph taken over San Diego, California, U.S., on Tuesday, Sept. 1, 2020. U.S. sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real estate market that’s proving a key source of strength for the economic recovery.
- Mortgage rates fall for the 11th time this year — the 30-year fixed rate now stands at 2.8%
- Looking to buy a home? It’ll cost you a lot more than a year ago
- Goldman Sachs unit pleads guilty in Malaysian bribery case
- Google’s defense against antitrust lawsuit? You
- Nearly 700 economists warn against reelecting Trump
- It’s shocking that Jamie Dimon is urging a peaceful transfer of power
- Morgan Stanley to cover tuition for 60 students at three HBCUs
- Restaurant owner: We’re back where we started in March
- Quibi’s crash and burn is a warning to the crowded streaming space
- TikTok star Charli D’Amelio gives Invisalign a big boost
- This is what Burger King’s new reusable packaging looks like
- Wendy’s quietly released a new fried chicken sandwich
- CBS News calls out White House for breaking agreement and posting Trump’s ’60 Minutes’ interview online
- Cans of diet cola Tab brand soft drink produced by the Coca-Cola Company are displayed at a supermarket in the Brooklyn borough of New York, on Tuesday, July 26, 2011. The US annual soft drinks sales is approximately $66 billion. Coca-Cola Co., PepsiCo Inc., and Cadbury Schweppes Plc, control over 91% of the U.S. market share.
- Coke is canceling 200 drink brands
- iPhone 12 review: Upgrade for the camera, not 5G
- Santa Claus speaks to a young visitor at Macy's Santa Land at the 34 Street Herald Square store, Nov. 23, 2012, in New York. Black Friday marks the first day back for Santa and his elves at Macy's, where shoppers and their children wait on line for a chance to meet the Christmas season’s icon. (John Minchillo / AP Images for Macy's)
- Santa is skipping Macy’s for the first time in 159 years
Headlines from right-of-center Fox Business
- MARKETS
- FDA approves Gilead’s remdesivir as first approved COVID-19 treatment
- Gilead Science’s antiviral drug remdesivir has been given the green light by the Food and Drug Administration as the first officially approved COVID-19 treatment.
- WHO-backed study finds no remdesivir benefit for hospitalized COVID-19 patients
- Gilead says remdesivir helped moderate coronavirus patients improve
- MARKETS
- Intel hit as consumers flock to lower-cost laptops, datacenter chips
- Stocks rally on stimulus crosstalk, solid jobs and housing data
- ECONOMY
- Job market shows ‘very strong trends’, US labor secretary says
- POLITICS
- Pelosi says ‘we’re just about there’ on coronavirus relief deal
- Congress may not pass coronavirus relief deal until after Election Day
- MARKETS
- Commodities bull market is coming: Goldman Sachs
- Goldman Sachs to recoup top executives’ pay after costly 1MDB fines
- WATCH NOW
- VIDEO
- Ex-Hunter Biden associate addresses media
- BETTING AGAINST COVID
- LIFESTYLE
- Newest Las Vegas casino set to open, pandemic or not
- REIGN MAN BUSINESS
- SPORTS
- Ex-NBA great to open Seattle’s first Black-owned cannabis dispensary
- GOING LONG
- SPORTS
- Former NFL great turns golf hobby into Topgolf partnership
- SANTA SACKED
- LIFESTYLE
- Macy’s Santa Claus won’t be home for holidays
- UNCERTAIN TIMES
- MARKETS
- Stocks rally on stimulus crosstalk, solid jobs and housing data
- TIME FOR A CHANGE
- TECHNOLOGY
- Adversaries call for reform after DOJ sues Google
- BLOCKED AT THE PLATE
- SPORTS
- NYC Mayor Bill de Blasio could stop Mets deal
- BACKING THE LAW
- POLITICS
- Do red or blue states spend more on policing?
- POLITICS
- Ted Cruz calls Joe Biden’s ’60 Minutes’ preview video clip ‘chilling’
- LIFESTYLE
- Ex-Disney CFO claims couple is squatting in his $2.2M Connecticut mansion
- MONEY
- 4 unexpected sources of retirement income
- HEALTHCARE
- NYU to remove Sackler name following Purdue Pharma guilty plea
- ECONOMY
- Jobless claims lower than expected, but remain historically high
- INSURANCE
- California wildfires result in insurance companies dropping homeowners at faster rate
- VIDEO
- Which presidential candidate can save commercial real estate?
- RETAIL
- Target letting shoppers reserve spots in line as part of new COVID-19 safety measures
- MONEY
- Tens of millions of Americans risk being double-taxed on Social Security
- CARS
- Ford Bronco sales to raise money for National Forest Foundation, conservation efforts
- RETAIL
- Apple expanding ‘Express’ retail setups ahead of holiday shopping surge
- LIFESTYLE
- HBO Max subscribers increase despite many customers not actually using the app
- FOOD & DRINKS
- Guinness launches first alcohol-free beer
- AIRPLANES
- Boeing eyes big move to compete with Airbus, bounce back from 737 MAX
- MARKETS
- Apollo CEO’s Jeffrey Epstein ties cause pension fund to pause investment
- AIRPLANES
- Southwest Airlines to stop blocking middle seats in December
- FOOD & DRINKS
- Burger King’s waste reduction effort could give customers used packaging
- TECH
- Jeff Bezos’ Blue Origin is begging the Air Force to invest in it
- REAL ESTATE
- Katy Perry and Orlando Bloom buy multimillion dollar home in Montecito
- POLITICS
- 2020 presidential election ballots cast so far
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
‘Look at the Message, Not the Messenger,’ HUD Secretary Ben Carson said to right-of-center Fox News’ Laura Ingraham. “We Want People…to have choice.”
The choice that they want people to have is a choice in housing.
President Trump wants your sons and daughters in school and learning. He wants you to be free to work for your family. || #IngrahamAngle https://t.co/2p4jjQwGer
— Laura Ingraham (@IngrahamAngle) October 21, 2020
Ben Carson, M.D., blasted Democratic Presidential nominee and former Obama-era VP Joe Biden’s plan for American suburbs.
HUD Secretary Carson told Laura Ingraham on ‘The Ingraham Angle’ that rolling back Obama-era regulation “is about local control, federalism.” That nuanced statement may cut various ways when it come to manufactured housing related policies.
Secretary Carson sounded the alarm Tuesday over VP Biden’s plan to reinstall an Obama-era low-income housing regulation that the Trump administration rolled back in July 2020.
The 2015 Affirmatively Furthering Fair Housing regulation required local jurisdictions to assess and address racial and economic disparities in suburbs across the country, said the Fox report. The Trump Administration suspended the rule, prompting immediate backlash from the left over what they perceived as an affront to racial equality.
“The left brings everything back to identity politics,” Carson said. “But the fact of the matter is, what the president is talking about here is local control, federalism. I get to visit all kinds of communities all over the country all the time. And there are beautiful mixed-income and … mixed-use complexes but it’s under local control. People have an opportunity to discuss it, to decide where they want to put things, and that’s the way the United States of America was designed.”
“We want people to be able to have choice,” Carson added. “They can stay where they are, they can move, but let the people be the ones who make the decisions. That doesn’t mean we are backing off of civil rights. We have a strong record in civil rights.”
The AFFH policy rollback has become a focus of the campaign as Trump aims for more support among suburban women.
The “suburban housewife” will be voting for me. They want safety & are thrilled that I ended the long running program where low income housing would invade their neighborhood. Biden would reinstall it, in a bigger form, with Corey Booker in charge! @foxandfriends @MariaBartiromo
— Donald J. Trump (@realDonaldTrump) August 12, 2020
Carson acknowledged that while his communication style drastically differs from that of the president, “we need to be talking about the message and not the messenger.” That is clearly a message to those who don’t care for the president’s tweets or personality, but who – if they looked at policies and results – would benefit or approve of what they see there.
“Look at the big picture. Look at the future of our children and our grandchildren and what kind of country we want to live in. What are the principles we espouse?” Dr. Carson said. “Forget about who is saying it …
“It’s not what America is about. America is about freedom. It’s the reason people came here in the first place. It’s the reason it’s a destination place for people all over the world right now. People form caravans to get in here. That would not be happening if we were this horrible place that people characterize us as. It’s about freedom of choice.”
Dr. Carson has been a strong advocate of manufactured housing, as the quotes above and below reflect.
See the related reports for more industry and closing arguments in the 2020 campaign.
Related, Recent, and Read Hot Reports
“More Punitive Regulatory” Regime Looms Warns New Manufactured Housing Industry Insider
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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Fall 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.
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Sample Kudos over the years…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
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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 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.