According to the Biden White House Fact Sheet on Competition: “In fact, research shows that industry consolidation is decreasing advertised wages by as much as 17%.” That’s across a range of industries, but the principle from that would apply to the manufactured housing industry as well as other businesses and professions.  That is an easy lead into the second part of the headline for this report and analysis. “This year, the Federal Trade Commission (FTC) has stepped up its enforcement of antitrust laws, bringing major lawsuits against companies including Amazon, Google, and Meta. Recent YouGov polling finds that most Americans support antitrust laws and believe that penalties for violating them should be increased,” So said Taylor Orth, Senior Survey Data Journalist for YouGov.  What Orth and the YouGov survey revealed is instructive for the manufactured housing industry, its tens of thousands of employees, management, and our profession’s consumers in several ways. Per Orth: “The vast majority [of Americans] hold negative views of monopolies, and while most believe there is at least some competition within U.S. industries, more than one-third believe it is not enough. Americans are far more likely to believe stricter antitrust enforcement would help the U.S. economy rather than hurt it — and the same holds for views on the effects of stricter enforcement on consumers, workers, and small businesses. Large companies, on the other hand, are more likely to be thought to be hurt by such laws rather than helped.”

Understanding what’s occurring in America today almost requires that people of all backgrounds fully grasp how oligopoly style monopolization is harmful to you, your career, as well as to businesses or investment interests.

Yesterday, the Masthead on MHProNews published a deep dive into the issue of oligopoly style monopolization in manufactured housing, see that at the link here.

But this article will take a look at the facts and related analysis of the broader picture of the economic and other impacts from oligopoly style monopolization, so that manufactured home industry professionals, consumer advocates, investors, public officials, and others will see why this issue absolutely impacts you and your loved ones.

Part I of this report and analysis are some pull quotes from a post on an award-winning topic from the University of Maryland Robert H. Smith School of Business entitled: “America Has an Oligopoly Problem.” It happens to have been published two days before the Biden White House Fact Sheet on Competition, which dealt with similar issues.

Part I a) are pull quotes from the Biden White House Fact Sheet on Competition, which goes hand in glove to what the report from Maryland’s Smith Business School said.

Part II of this article are facts and pull quotes from the 11.6.2023 YouGov survey on American views about monopolies.

Part III of today’s report will be additional information that will include reminders why this matters to manufactured home industry employees. This segment of today’s report and analysis will also examine why smaller to mid-sized employers should not fear, but rather should embrace the battle for stronger antitrust enforcement.

Part IV is the Daily Business News on MHProNews equities market movements review for the day that includes a timesaving and insight generating left-right headlines from mainstream news recap.

With that preface and outline in mind, let’s dive in.

Part I – Quotes from the University of Maryland Robert H. Smith School of Business entitled: “America Has an Oligopoly Problem.”

The Robert H. Smith School of Business at the University of Maryland published an article on 7.6.2021 entitled “America Has an Oligopoly Problem.” The subtitle was: “Here’s What Happens to the Economy – And Your Wallet – When America’s Biggest Firms Become Too Big.” It said in part about oligopolies that there is growing bipartisan support to deal with the issue and “that’s a big deal, says Maryland Smith’s Bruno Pellegrino. His research proves that America has an oligopoly problem.”

“Pellegrino’s research, which just won a best-paper award from the Western Finance Association, looks at the rise of oligopolies in the United States.”

“When there are fewer firms competing in the marketplace consumers find it less easy to switch away from any particular product,” said Pellegrino. “This allows firms to charge higher prices, to the detriment of consumer welfare – that is oligopoly power.”

Pellegrino computes the toll on the U.S. economy. He estimated that this “deadweight loss” increased to 11% in 2017, up from 8.5% in 1997. According to information on the university’s website at this link here: “Pellegrino’s model is the first to give economists a picture of both these measures across multiple industries, allowing them to measure the cost of oligopoly to consumers. Pellegrino’s findings clearly show that U.S. companies are not producing as much value for the consumer as they could, and part of the reason is the lack of competition.”

The increasing deadweight loss shows the United States is not as prosperous as it could be, says Pellegrino. “When firms have fewer competitors, they withhold production and charge higher prices.” Per the award-winning research by Pellegrino, the higher the oligopoly power of firms, the bigger the share of surplus that goes to the producers as opposed to the consumer. This is a phenomenon previously explored by MHProNews in a variety of reports from within and beyond manufactured housing (see further below).

“Oligopoly also affects the distribution of income” Pellegrino says. “When oligopoly power increases, a larger share of GDP goes to capital owners, and a smaller one goes to workers. Hence, oligopoly has major implications for inequality.”

“In a nutshell, the analysis suggests that American consumers are capturing a smaller slice of a shrinking pie,” Pellegrino stated.

Part I a) A Subject Where the Biden Administration has a Valid Point, But…

Just days after the post on the University of Maryland’s Robert H. Smith School of Business on “America Has an Oligopoly Problem,” on 7.9.2021 the Biden White House published a fact sheet that MHProNews has referenced several times. The reason for doing so? Because while there are arguably problematic elements to that political document, by separating the wheat from the chaff in it, it made several important points.

First, some of the proverbial ‘wheat’ from that fact sheet. Then, the flip side of that White House claims will follow. The bold in what follows is added by MHProNews for emphasis, but the text is as in the original.

• For decades, corporate consolidation has been accelerating. In over 75% of U.S. industries, a smaller number of large companies now control more of the business than they did twenty years ago.
• That lack of competition drives up prices for consumers. As fewer large players have controlled more of the market, mark-ups (charges over cost) have tripled.
• Barriers to competition are also driving down wages for workers. When there are only a few employers in town, workers have less opportunity to bargain for a higher wage and to demand dignity and respect in the workplace.  In fact, research shows that industry consolidation is decreasing advertised wages by as much as 17%.

Stop there for a moment for some quick analysis.

Manufactured home professionals working for a company of whatever size would likely feel good if they got a raise of as much as 17 percent for the same work that they are currently doing. While it may seem like that boost in earnings might hurt smaller businesses, the reality is that if too limited competition market imbalances were corrected, the higher wages would be absorbed and passed on through the price of goods and services like any other business cost. Indeed, the case can be made that smaller businesses would routinely be earning more, so they readily could afford to pay more, besides having the ability to adjust their costs of business accordingly.

That said, back to some pull quotes from the Biden White House Fact Sheet.

In total, higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.

Inadequate competition holds back economic growth and innovation. The rate of new business formation has fallen by almost 50% since the 1970s as large businesses make it harder for Americans with good ideas to break into markets. There are fewer opportunities for existing small and independent businesses to access markets and earn a fair return.  Economists find that as competition declines, productivity growth slows, business investment and innovation decline, and income, wealth, and racial inequality widen.”

While all that sounds great, what is the “but” in the subheading for Part I a) above? It is this. It remains to be seen if the Biden Administration’s so-called efforts have made any difference, beyond awareness. Indeed, in as much as ‘team Biden’s campaign’ was funded to a great extent by big business interests, it seems unlikely that they will seriously bite the hand that feeds them.

San Francisco’s Lessons for U.S. Citizens; Search Engine and Social Media Users Warning – Big Tech, Billionaires, You and Your Loved Ones – Big Picture Facts-Analysis; plus MHVille Markets

That said, the motivations for potentially more antitrust efforts in or beyond our industry are usefully outlined in that White House Fact Sheet and are supported by Pellegrino’s findings too.

Part II – From YouGov Survey on 11.6.2023 – Results

As part of our new deeper dive into oligopoly style monopolization in manufactured housing linked here, was this graphic below.

But going to the source of antitrust advocate Matt Stoller’s insights above and moving directly to quotes and screen captures from the new YouGov survey on antitrust are the following points.

Most Americans (69%) strongly or somewhat support antitrust laws, which were defined in the survey as “government regulations of business aimed at preventing monopolies and ensuring fair competition among companies.” Just 9% strongly or somewhat oppose antitrust laws. While the highest share of Democrats (83%) are supportive of antitrust laws, majorities of Republicans (62%) and Independents (60%) are also in favor.”

While one in three Americans aren’t sure whether antitrust laws are too strict or not strict enough, people who do have an opinion are more likely to say current laws are too lenient. A total of 36% of Americans say the laws aren’t strict enough, while 24% say they’re about right and 6% say they’re too strict.”

What is missing in the 11.6.2023 YouGov survey is a probe of public views on the topic of oligopoly style monopolization.  More on that further below. But that point noted, the following is also of interest.

As Orth noted for YouGov, there is broader agreement among those surveyed that stricter enforcement of antitrust laws could yield more competition and would benefit the economy. That would be good for consumers and small businesses and would not be as good for big businesses. Note that is the obvious implications from the work of Pellegrino and the portions of the White House Fact Sheet on Competition cited herein above.

Here is how Orth and YouGov’s results framed it.

There is more consensus on the effects of stricter antitrust enforcement, with nearly half of Americans believing that more enforcement would help each of the following: consumers, small businesses, workers, and the U.S. economy as a whole. Far fewer say more enforcement would hurt each of these. More Americans say that stricter enforcement would hurt rather than help large companies.”

The next segment of their survey briefly notes the shift over time in antitrust enforcement notions. More on this further below in Part III, but let’s note for now the kind of question that is not found below in this survey.  How would people have responded if the question was the importance of keeping big businesses and their influence over government and politics in check as a reason for stricter enforcement of antitrust laws? There are reasons to believe that the public is not too keen on the power of ‘big,’ see the New York Times poll explored in depth in the report linked here.  That said, diving back into Orth’s narrative on YouGov’s results.

The standards and interpretations of antitrust law have shifted at various points in U.S. history. When the first federal antitrust law was passed in 1890, regulators were primarily focused on how company behaviors would affect the amount of competition within industries. During the late 20th century, emphasis shifted to effects on consumer welfare, and in particular to short-term effects on consumer prices. More recently, however, Federal Trade Commission chair Lina Khan has argued against the consumer welfare standard and suggested a return to earlier approaches focused more broadly on competition, as well as on other factors, such as innovation, the labor market, and long-term prices.

To understand what standards Americans think the government should use in deciding which antitrust cases to take on, the poll asked whether eight factors should be major considerations, minor considerations, or not considered. Of these, Americans are most likely to say that long-term consumer prices (48%) and the quality of goods and services (42%) should be major considerations in antitrust enforcement decisions. Slightly fewer say enforcement should largely be focused on the effects on small businesses (39%), the labor market (38%), the amount of competition (38%), or the variety of consumer choices (36%). Americans are least likely to say major consideration should be given to the effects on short-term consumer prices (31%) or innovation (28%). For each, nearly two-thirds say it should be a major consideration or somewhat of a consideration, and no more than 12% say it should not be a consideration at all.”

One of the most fascinating parts of the YouGov survey is the following, which asks how important competition is for capitalism to succeeded. As with any survey, the way questions are phrased can be significant. It might have been better to ask: ‘how important it is for the free enterprise system for there to be more competition?’ Be that as it may, here is what Orth and YouGov reported. Note that nearly half say the government should break up big tech. There may be reasons to think that result could be low.

The survey also asked Americans the extent to which they agree or disagree with six statements about markets and competition. Around two-thirds strongly or somewhat agree that “capitalism needs competition to work” (70%) and a similar share think that “no company should be too big to fail” (67%). Nearly half (46%) think that “the government should break up big tech.” Smaller shares agree with the ideas that “regulation harms economic growth” (39%) or that “free markets will naturally correct monopolistic tendencies” (37%); for both of these statements, roughly as many disagree as agree.

Part III – Additional Information with More MHProNews Analysis

As disclosures, a look into the history of reports on our site would suggest that MHProNews has editorially been a critic of Joe Biden before he was nominated for the Democratic Party nomination in 2020, was a critic of Biden during his campaign, and has been a critic of Biden since he moved into the White House.  There are growing reasons to believe he is corrupt during his time in the Obama-Biden Administration, which raises questions on how much his foreign and domestic policies may be compromised due to potential corruption. That said, MHProNews supported several of the concepts advanced by Lina Khan. The reason for both positions were facts, history, evidence, and applied common sense or ‘logic.’ A report focused on Khan’s thinking on antitrust law enforcement was published by MHProNews on 3.9.2019, well before Biden’s run for office.  Biden era policies have arguably been harmful for housing affordability in general, see the report linked below.

There is no known impact during the Biden era slowing or halting consolidation in manufactured housing. To illustrate that point, the following inquiry was put to Bing AI.

> “Is there any known evidence of specific steps taken by the Biden administration to slow or stop any consolidation deal in manufactured housing?”

Bing AI began its response as follows.

That was followed by some Bing statements about Biden era efforts to increase the supply on affordable housing. However, as MHProNews has repeatedly detailed, those efforts have obviously not been measurably useful. If the metric is actual production of more affordable manufactured homes, which is what an increase supply should mean, then production of manufactured housing declined in 2023 and that decline began in 2022.

Manufactured Housing Production Decline Persists in Sept 2023 per Manufactured Housing Association ‘During Affordable Housing Crisis Affordable Manufactured Housing Continues to Underperform’, Facts Analysis –

Antitrust and manufactured housing advocate James A. “Jim” Schmitz Jr. argued in 2022 that merger guidelines were largely a free pass, meaning, hardly an impediment.

The continuing wave of consolidation in manufactured housing demonstrated the accuracy of Schmitz’s remarks. Some examples are shown below.

This question was put to Bing AI.

> “It has been said that a lack of competition in U.S. markets costs consumers and employees alike. Can you share some research and more specific data on those points?”

Learn more:

1. whitehouse.gov2. home.treasury.gov3. promarket.org“

Note that ProMarket.org has previously provided information on Schmitz and his colleagues work with respect to manufactured housing and antitrust advocacy.

 

As MHProNews has previously illustrated in searches like those shown, the topic of monopolization is largely avoided by others in MHVille trade media, other than MHProNews and MHLivingNews. 

Note: to expand this image and others below to a larger or full size,
see the instructions
below the graphic below or click the image and follow the prompts.

 

To illustrate that point’s ongoing relevance, MHProNews asked Bing AI the following at about 2:49 AM ET on this date.

> “Who in manufactured housing has reported on the topic of monopolization and the need to enforce antitrust laws?”

Samuel Strommen, an Associate Attorney with Goodsell Oviatt Law Firm in Rapid City, South Dakota, has written a research paper titled “The Monopolization of the American Manufactured Home Industry and the Formation of REITs: a Rube Goldberg Machine of Human Suffering” ¹. The paper exposes a number of antitrust violations in the form of the increasing monopolization of the manufacturing, financing, and the increasingly consolidating landlords, and calls for reforms within this industry ¹.

I hope this helps!

Learn more:

1. manufacturedhomepronews.com 2. ftc.gov 3. bonalaw.com 4. justice.gov 5. manufacturedhomepronews.com“

Similarly, this question is eye opening for the lack of coverage on this topic by MHI and/or MHI linked bloggers and trade publications.

> “Who in the manufactured home industry has reported on the work of James Schmitz Jr. with the Minneapolis Federal Reserve and his concerns about sabotage monopoly power being exerted to limit manufactured housing?”

James A. Schmitz Jr., a senior economist at the Minneapolis Federal Reserve, has written extensively on the topic of monopolies in the manufactured housing industry. In his research, he has exposed antitrust violations in the form of increasing monopolization of the manufacturing, financing, and the increasingly consolidating landlords, and called for reforms within this industry ¹²³.

I hope this helps!

Learn more:

1. minneapolisfed.org 2. einpresswire.com 3. manufacturedhomepronews.com 4. manufacturedhomepronews.com 5. manufacturedhomepronews.com 6. minneapolisfed.org 7. housingmatters.urban.org 8. mhvillage.com 9. manufacturedhomepronews.com 10. manufacturedhomepronews.com 11. manufacturedhomelivingnews.com“

Note that while MHVillage is linked above, that post doesn’t actually mention monopolization, antitrust, or James “Jim” Schmitz Jr.  In fact, that linked report has been fisked and repeatedly shown to be erroneous.

 

That noted, why does these points matter? Because, as has been shown repeatedly herein, and in prior reports like the Walmart Effect or on Amazon that explore the apparently harmful impact of steady consolidation in and beyond manufactured housing, employees and everyday Americans – our customer base – are demonstrably harmed by the trends toward fewer competitors.

 

‘Dark Triad’ – Researchers Detect ‘5 Key Characteristics of BILLIONAIRES’ – Evidence how Billionaires, Super Wealthy Think Differently Than Most-Takeaways and Lessons; plus Sunday MHVille Weekly Headlines Recap

‘Monopolies Take a Fifth of Your Wages’ -Treasury Report Asserts Employee Harms, Says, FTC, DOJ to ‘Improve Competition’ by ‘Vigorously Enforcing Antitrust Laws;’ plus MHVille Updates

 

It is not a contradiction to be pro-consumer, pro-small business, and to be principally opposed to oligopoly or other styles of monopolization.

More pay for employees, more profits for smaller business, more potential for investors, and higher standards of living for most everyone could be the result of strict and routine enforcement of antitrust laws.

MHProNews noted in a prior report on employees of some of the dominating brands at MHI, that evidence indicates that those employees are apparently dissatisfied by the thousands. That happens to be one more known outcome from too much consolidation.

 

 

With these facts and evidence now in mind, is it any surprise that ELS owned MHVillage’s MHInsider, or MHI aligned ManufacturedHomes.com, fails to mention monopoly and its harms? It shouldn’t be any surprise at all.

 

 

Recall the following remark by the late Sam Zell.

 

 

With these insights in mind, this is a good place to segue into perhaps our most rigorous look yet into the problems of apparent violations of antitrust and other laws in the manufactured housing industry. Grab a snack, your favorite beverage, get comfortably focused, and dive in. Why? Because the odds are excellent that the vast majority of readers in manufactured housing – along with millions of others – are directly and/or indirectly harmed by what has happened in manufactured housing in the 21st century.

 

 

For editorial clarity, note that MHProNews is not against any amount of money honestly earned.  But MHProNews and MHLivingNews has steadfastly been opposed for years to market, political, and legal manipulation by the wealthy and their corporate interests. Again, that’s not a contradiction.  We have solidarity with consumers, Americans from all backgrounds and beliefs, employees, and smaller businesses.  It is routinely true that the larger the business, the more corrupt, predatory, and cronyism style behavior there tends to be.

That’s why for years MHProNews has taken the stance that numbers of businesses in or beyond our industry need to be broken up, and some prosecuted for apparent felony violations of antitrust and other laws. Stronger enforcement of antitrust laws would not solve all problems in the U.S., but it would be surprising to many how many problems would improve through enforcement of existing laws, including antitrust and RICO laws.  See the related reports to learn more. ##

 

Note: to expand this image and others below to a larger or full size,
see the instructions
below the graphic below or click the image and follow the prompts.

 

Part IV- 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 the evening of 11.16.2023

• At their annual mega-party, real estate agents on edge over the potential erosion of their commissions
• The Vatican is going all-electric with Volkswagen supplying the cars
• Some young Americans on TikTok say they sympathize with Osama bin Laden
• Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Thousands of Starbucks Corp. baristas went on strike Thursday, claiming the coffee chain refuses to fairly negotiate with their union.
• ‘Red Cup Day’ protest will be the largest strike in Starbucks history
• Oil tumbles nearly 6% to four-month lows
• United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker’s full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, U.S. October 24, 2023.
• GM rank and file ratify labor deal, ending threat of a renewed strike
• Facebook, Instagram will allow political ads that claim the 2020 election was stolen
• Mortgage rates fall for third straight week, bringing some homeseekers off the sidelines
• Aerial view of Alibaba’s Global Headquarters under construction on June 14, 2023 in Hangzhou, Zhejiang Province of China.
• Chip war nixes Alibaba’s plan to spin out cloud business
• Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with Britain’s Prime Minister Rishi Sunak in London, Thursday, Nov. 2, 2023. Sunak discussed AI with Elon Musk in a conversation that is played on the social network X, which Musk owns.(AP Photo/Kirsty Wigglesworth, Pool)
• Elon Musk agrees with antisemitic X post that claims Jews ‘push hatred’ against White people
• Walmart CEO says food deflation may come soon
• US homebuilder confidence drops for fourth month in a row
• New York lawsuit blames PepsiCo for plastic litter – not people
• Americans are getting ‘ripped off’ by big banks, Robinhood CEO says
• America’s top-selling car will soon come only as a hybrid
• Mars is paying $661 million for Britain’s biggest independent chocolate maker
• The Fed is probably done hiking rates. Cuts are still far off
• China is willing to be a ‘partner and friend’ of the US, Xi tells American CEOs
• Tencent says it stockpiled Nvidia chips but seeks Chinese replacements
• House lawmakers press Apple CEO on reports Jon Stewart’s show was canceled over China concerns
• Rupert Murdoch officially steps down from his media empire, handing over the reins to his son Lachlan
• China says it’s built the world’s fastest internet network
• Anheuser-Busch’s US marketing chief is stepping down as Bud Light sales sink

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 11.16.2023

• Ted Cruz to Newsmax: Violent Protests Result of ‘Cultural Marxism’
• Protesters block the entrance of the Democratic National Committee headquarters, ‘illegally and violently,’ according to Capitol Police. (Getty Images/Alex Wong)
• Ted Cruz to Newsmax: Violent Protests Result of ‘Cultural Marxism’
• Protesters blocking the DNC headquarters in Washington, D.C., “illegally and violently” are acting more violently than Israel’s supporters due to “cultural Marxism,” Sen. Ted Cruz, R-Texas, told Newsmax’s “Newsline” on Thursday. [Full Story]
• Related Stories
• Protesters Block San Francisco Bay Bridge During APEC
• Capitol Police Clash With Gaza Cease-Fire Zealouts; 6 Cops Hurt
• Luna, Baby Trapped in Capitol During Riot
• Israel at War
• IDF: Body of Hostage Judith Weiss, 65, Found Near Gaza Hospital
• IDF Finds Hostage Photos on Laptops at Shifa Hospital
• Blaine Holt: ‘Information War’ Waged on IDF Evidence | video
• US in ‘Intense Negotiations’ With Hamas for Hostages
• Israel Pushes in Southern Gaza Amid Evacuations
• Dan Meuser: Oct. 7 Video Shows Hamas ‘Monsters’ | video
• Gaza Telecoms Go Out Amid Israel Operation
• IDF Strikes House of Hamas Leader in Gaza
• US ‘Deeply Concerned’ Jordanian Medics Hurt in Gaza
• EU’s Borrell: One Horror Doesn’t Justify Another
• Israeli Actress Seeks FBI Probe on Protest Funding
• IDF Strikes Hezbollah Terror Assets in Lebanon
• Israeli Investigators Document Cases of Sexual Violence
• 6 Israelis Wounded in Terror Shooting Near Jerusalem
• Israel’s Lapid Calls on Netanyahu to Resign ‘Now’ Amid War
• Newsmax TV
• Byron Donalds: DHS Secretary Mayorkas ‘Terrible’ at Job
• James Comer: Hunter Biden to Testify by Dec. 4 | video
• Blaine Holt: ‘Information War’ Waged on IDF Evidence | video
• Meuser: Oct. 7 Video Shows Hamas ‘Monsters’ | video
• Mike Huckabee: Manchin ’24 Campaign Talk Hits Biden | video
• James Comer: Hunter Biden Attorney to Testify | video
• Cruz: Institutions Must Be Taken Back From Left | video
• Karoline Leavitt: Dems Fear Trump’s Hispanic Support | video
• Francey Hakes: ‘Doubt’ Hunter Will Get Subpoenas | video
• Newsfront
• House Ethics: ‘Substantial Evidence’ Against Santos, Who Won’t Seek Reelection
• The House Ethics panel said Thursday it has found “substantial evidence” of lawbreaking by Rep. George Santos, R-N.Y., and has referred its findings to the Justice Department…. [Full Story]
• Kildee Won’t Seek Reelection in Michigan
• Dan Kildee, D-Mich., will not run for reelection after six terms [Full Story]
• Jury Convicts Man Who Attacked Pelosi’s Husband
• A jury on Thursday convicted the man who attacked broke into former [Full Story]
• Older Men at Greatest Risk for Suicide as Rates Climb
• As U.S. suicide rates continue to rise, new government data shows [Full Story]
• Federalist: House Targets Pentagon’s NewsGuard Censorship of Conservatives
• House Republicans are determined to stop the Pentagon from working [Full Story]
• Related
• Letter Calls on Rep. Jordan to Investigate Parler ‘Deplatforming’
• As Dissent Grows, Putin Imprisons More of His Critics
• Russia under President Vladimir Putin has been closing in on those [Full Story]
• Apple CEO Cook Spends $40K on Xi Jinping Dinner
• China’s Xi: No Desire for ‘Hot War With Anyone’
• China Scolds Biden for Calling Xi ‘Dictator’: Political Manipulation
• Xi Tells Biden Taiwan Biggest, Most Dangerous Issue
• Biden, Xi Agree to Curb Illicit Fentanyl, Restart Military Dialogue
• Newsom’s California Clean-Up Shows He’s ‘Out of Touch’ |Platinum Article
• YouGov Poll: Trump Leads Biden by 2 Points
• Former President Donald Trump has a 2-point edge over President Joe [Full Story]
• Related
• Ohio Poll: Trump Leads Biden by 12 in Bellwether State
• Amazon to Sell Hyundai Cars Equipped With Alexa
• Want to buy a car on Amazon? Well, now you might get your chance.The [Full Story]
• Mideast Peace Envoy a ‘Very Helpful’ Tool for Biden
• Even with Israel still fully engaged in its war to drive Hamas out of [Full Story] | Platinum Article
• Spaceplane Test Signals Era of ‘Orbital Regimes’
• With an upcoming test mission set to explore the tantalizing prospect [Full Story] | Platinum Article
• New UK Foreign Secretary Cameron Meets Zelenskyy
• British Foreign Secretary David Cameron met with Ukrainian President [Full Story]
• Related
• Ukraine Shoots Down 16 Drones, Missile
• Russian Strike Kills 3 in Small Ukraine Town
• Christopher Ruddy: It’s One War and Spreading
• NY Judge Lifts Limited Gag Order on Trump
• A New York appeals court judge on Thursday paused a gag order that [Full Story]
• Man Who Attacked Congresswoman Gets 27-month Sentence
• A man who pleaded guilty to assaulting Democrat Rep. Angie Craig of [Full Story]
• GOP Rep. Turner Urges FISA Reform Before Renewal
• The Republican chairman of the House Intelligence Committee called [Full Story]
• GOP Sens Urge Accountability for US Troop Attacks
• A group of GOP senators is urging Secretary of State Antony Blinken [Full Story]
• Related
• Bills Introduced to Strengthen Iran Sanctions
• Anheuser Marketing Chief Out as Bud Light Sales Tank
• Anheuser-Busch’s U.S. chief marketing officer Benoit Garbe is leaving [Full Story]
• AG Seeks Accountability for Soros-Backed Attorney
• Missouri Attorney General Andrew Bailey has said the “radical, [Full Story]
• James Comer: Hunter Biden to Testify by Dec. 4
• Hunter Biden will testify before the House Oversight and [Full Story]
• Walgreens Pharmacies to Close on Thanksgiving
• Walgreens Boots Alliance will close nearly all of its stores and [Full Story]
• Defrocked Father Pavone Defends Ousted Bishop
• Former Catholic priest Rev. Frank Pavone decried Pope Francis and the [Full Story]
• Related
• Bishop Strickland to Newsmax: ‘Say No to Toxic Nightmare’ |video
• Bishop Schneider: Strickland Part of ‘Purge’ of Traditionalists
• Fired Bishop Strickland: ‘I’m Very Much at Peace’
• Univision Anchor Out After Trump Interview
• Univision anchor Leon Krauze will depart the network’s news division [Full Story]
• Hochul Signs Law to Seal Criminal Histories
• New Yorkers who complete their sentences and stay out of trouble for [Full Story]
• DeSantis: Florida Freedom Attracts Record Visitors
• Visitors are flocking to Florida, where the state has set a record [Full Story]
• Man Arrested in Death of Jew at Calif. Protest
• California authorities have arrested a man in connection with the [Full Story]
• Georgia Trial Judge Limits Evidence Disclosure
• The judge overseeing the election interference case against former [Full Story]
• Protest Blocks San Fran Bay Bridge During Rush Hour
• Protesters calling for a ceasefire in the Israel-Hamas war on [Full Story]
• Related
• Ted Cruz: Riot Violence Result of ‘Cultural Marxism’
• Oakland A’s Move to Las Vegas Approved
• The Oakland Athletics move to Las Vegas was unanimously approved [Full Story]
• US Weekly Jobless Claims Rise More Than Expected
• The number of Americans filing new claims for unemployment benefits [Full Story]
• US Seizes $1B in Fake Luxury Goods in New York
• Anyone who walks the streets of Manhattan can observe sidewalk [Full Story]
• Senate Passes Stopgap Funding Bill
• The U.S. Senate took the risk of an impending partial government [Full Story]
• Amazon Left Scrambling As Shoppers Find out About Secret Deals
• Online Shopping Tools
• Finance
• Amazon to Sell Hyundai Cars Equipped With Alexa
• Want to buy a car on Amazon? Well, now you might get your chance.The e-commerce giant will launch vehicle sales in the U.S. next year and allow local car dealers to sell directly to customers on its site…. [Full Story]
• Can You Trust Your Bank If Your Bank Doesn’t Trust You?
• Afters Years of Ignoring It, Mainstream Media Finally Focuses on National Debt
• Roboadvisor Wealthfront Reaches $50B in Assets
• Stock Futures Slip as Peak Rate Optimism Wanes
• More Finance
• Health
• 12 Foods That Fight Sugar Cravings
• Sugar cravings can waylay your best dietary plans and lead to spikes in blood sugar levels that cause fatigue, irritability, and anxiety. There are many reasons why we crave high-calorie sweets. Stress, poor diet, dehydration, and even hormonal changes can lead to unhealthy…… [Full Story]
• First Home Test for Chlamydia, Gonorrhea Approved
• UTIs Linked to Dementia: How to Prevent Infections
• Young Adults Now More Likely to Vape Than Smoke
• Cancer Progress Stalled for Black, Hispanic Children

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.

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.

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 MHProNews, and MHLivingNews.com, which is ranked as the runaway most read trade media in modern manufactured housing history. 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.