The Manufactured Housing Association for Regulatory Reform (MHARR) communicated via a news release dated 10.6.2022 to MHProNews insights about six significant issues involving the U.S. Department of Housing and Urban Development (HUD). FHA Title I ‘home only’ financing, zoning/placement barriers, Manufactured Housing Consensus Committee (MHCC), DOE energy rule related, ‘voluntary’ sprinkler standards, and the monitoring contract with HUD were among the key discussed topics. The MHARR release below will be followed by additional information with more analysis and commentary, plus the Daily Business News on MHProNews REITs and Stock Market report for 10.6.2022 follows in the third segment of today’s report.

OCTOBER 6, 2022

TO:                 MHARR MANUFACTURERS

                        MHARR STATE AFFILIATES

                        MHARR TECHNICAL REVIEW GROUP (TRG)

 

FROM:           MARK WEISS

RE:                 MHARR MEETING WITH SENIOR HUD OFFICIALS

MHARR Washington officials met with senior HUD executives regarding manufactured housing program issues on October 3, 2022. The meeting included, among others, HUD Assistant Secretary for Housing/Federal Housing Commissioner, Julia Gordon, HUD Office of Manufactured Housing Programs (OMHP) Administrator, Teresa Payne, and representatives from HUD’s Office of General Counsel (OGC). Addressed during the meeting were multiple pending high-priority issues affecting the manufactured housing industry and American consumers of affordable housing. The matters highlighted by MHARR and addressed during the meeting, are summarized below and will be the subject of ongoing follow-up by MHARR. Further details regarding this interaction with HUD officials will be provided at MHARR’s upcoming Board of Directors meeting.

 

MHCC REPRESENTATION AND MEETING PROCEDURES

MHARR first raised a longstanding unresolved issue – the imbalance of industry representation on the statutory Manufactured Housing Consensus Committee (MHCC) and MHCC procedures which prevent directly interested parties (including MHARR and others) — who are not MHCC voting members — from participating fully and directly in MHCC meetings and debates concerning vital regulatory issues. Since former MHARR President and CEO Danny Ghorbani’s term as a member of the MHCC ended a number of years ago, HUD has failed to appoint staff representatives of either MHARR or the Manufactured Housing Institute (MHI) to the MHCC. This is directly contrary to an unwritten understanding that HUD and both industry organizations had at the time of the MHCC’s initial organization, and impairs the full and proper representation of the industry’s views during MHCC debates. Ostensibly, the refusal to appoint organizational staff representatives from both associations was premised on an Office of Management and Budget (OMB) ban on the appointment of Registered Federal Lobbyists to federal advisory committees under the Federal Advisory Committees Act (FACA). That ban, however – as MHARR has advised HUD multiple times since — was reversed in 2014 after it was found to be in violation of the First Amendment by a federal court of appeals. As a result, there is no legitimate legal basis for the exclusion of industry organization staff representatives from voting membership on the MHCC, and MHARR urged the Assistant Secretary, as the senior HUD official with direct oversight responsibility for the federal manufactured housing program, to address and rectify this failure.

Beyond voting representation, MHARR also called on HUD to provide, once again, for the direct participation of MHARR and other interested parties in MHCC meetings and debates. Contemporaneously with its ban on MHCC voting representation for the industry’s two national organizations, HUD has also severely restricted the ability of such organizations to participate effectively in MHCC debates of critical issues. These restrictive procedures allow MHCC non-members to address the Committee for only two minutes during “public comment” periods scheduled before and after MHCC debate sessions. As MHARR has long stressed, such pro forma “participation” is:

(1) Too brief and too truncated to thoroughly and effectively address routinely-complex issues;

(2) Too far removed in time from the actual debates to effectively impact those debates;

(3) Too often disconnected from the substance of such debates to effectively address (and potentially resolve) questions and issues as they arise; and

(4) Deprives Committee debates of the extensive knowledge, expertise and institutional memory of MHARR (and other industry organizations) to the detriment of the industry and consumers of affordable housing.

To remedy these significant failures, MHARR called on HUD and its senior leadership to place a staff representative from MHARR (and MHI) on the MHCC as a voting member and to otherwise provide for the full participation of all interested parties during all phases of MHCC meetings and debates, in real-time, and not just during dissociated “public comment” sessions, emphasizing that such participation is routine for other consensus committees relating to construction and safety standards.

 

PENDING DOE ENERGY STANDARDS AND ENFORCEMENT

MHARR next addressed the pending U.S. Department of Energy (DOE) energy standards for manufactured housing, which are scheduled to go into effect on May 31, 2022. MHARR reiterated its strong opposition to those standards as published emphasizing, once again, that the DOE mandates will increase the retail level price of a double-section manufactured home by $6,000.00 to $12,000.00 and, in the process, exclude millions of Americans from homeownership, contrary to the policies of the Biden Administration. That exclusionary impact, moreover, will have its harshest and most profoundly negative effects on lower-income Americans for whom manufactured housing is the only source of truly affordable homeownership. Again, this degradation of the availability of non-subsidized, affordable homeownership would be directly contrary to Administration policy. Moreover, as MHARR emphasized, the full cost – and full exclusionary impact — of the DOE energy standards is not even known, because DOE has yet to propose an enforcement mechanism for the new standards, meaning that regulatory compliance, testing and enforcement costs remain entirely unknown.

MHARR also raised DOE’s failure to fully and properly consult with HUD regarding the proposed and final energy standards. MHARR emphasized that DOE should have involved HUD and the MHCC in the development of those standards from the outset, in order to ensure their consistency with the unique construction and affordability of manufactured housing, as required by applicable law. Instead, though, as MHARR has pointed out on numerous occasions, DOE only consulted with HUD and the MHCC as an afterthought, to provide procedural updates on activity that was already occurring, instead of involving both entities on an organic level in the development of appropriate standards that would maintain the inherent, non-subsidized affordability of HUD Code manufactured housing.

Because of these multiple failures, MHARR advised HUD that court action to enjoin the DOE standards is entirely possible. Regardless of any such industry court action, however, and given the fact that DOE essentially excluded any meaningful HUD/MHCC input from the rulemaking process by not involving both at an elemental level from the very outset of the standards development process, MHARR urged HUD to:

(1) Exercise extreme caution and not rush into-effect energy standards that will cause extreme harm to the industry and consumers;

(2) Take all possible administrative steps to ameliorate the extreme cost and exclusionary impacts of the DOE standards;

(3) Provide for an enforcement/compliance date based on the five-year timeframe already recommended by the MHCC (if not more) to provide HUD Code manufacturers with a reasonable opportunity to adapt to the new criteria; and

(4) provide for enforcement of the energy standards as part of the HUD compliance system, rather than through a separate enforcement mechanism.

While MHARR has – and will continue to — aggressively oppose the DOE energy standards, as shown by its pledge to participate in and support industry litigation to invalidate those standards, any such standards should fall within the oversight and enforcement responsibility of HUD as a housing agency, rather than the “climate” ideologues and energy interests that dominate DOE.

 

PENDING CONDITIONAL SPRINKLER STANDARD

MHARR reiterated its longstanding opposition to the inclusion of any fire sprinkler standard in the HUD Code. While HUD, in its most recent set of proposed federal manufactured housing standards included a “voluntary” or “conditional” fire sprinkler standard for manufacturers that choose to include a sprinkler system in a manufactured home, MHARR stressed that such a standard is not necessary, has no valid basis, and could ultimately lead to a mandatory sprinkler requirement that would needlessly increase the cost of manufactured housing and spawn multiple devastating impacts including frivolous lawsuits involving communities that may lack sufficient water reserves for such systems.

MHARR pointed the Assistant Secretary to its August 22, 2022 written comments in the HUD rulemaking, which set forth its opposition to a sprinkler standard in detail. Among other things, MHARR has long maintained that the existing HUD fire safety standards (without a specific sprinkler standard) should federally preempt any state and local sprinkler mandates, because the federal manufactured housing standards already ensure reasonable fire safety for inhabitants. This is illustrated by National Fire Protection Association (NFPA) data showing that current HUD Code manufactured homes are as safe, or safer, than site-built homes in all major fire safety measurement categories, including fire deaths, injuries and property damage. Given that the existing federal standards already meet the goals, objectives and purposes of governing federal law, there should be no room for states and/or localities to impose additional cost burdens on manufactured home owners for their own insular purposes. Accordingly, any such state or local mandates should be preempted under the “broad and liberal” preemption standard of the 2000 Reform Law. A voluntary federal fire sprinkler standard, accordingly, is not needed to achieve federal preemption.

Moreover, there is no need to incorporate a federal sprinkler standard in the HUD Code, because a “voluntary” sprinkler standard – NFPA 13D – already exists and has been used successfully by HUD Code manufacturers to satisfy state and/or local sprinkler mandates. This satisfies the goals and objectives of state and local government, industry members and consumers without the risk of incorporating an unnecessary sprinkler standard in the HUD Code, which both history and experience show would be likely to morph, ultimately, into a mandatory standard subject to Subpart I and related enforcement by HUD’s ostensible “monitoring” contractor.

 

EXCLUSIONARY ZONING PREEMPTION

In addition to the foregoing regulatory issues, MHARR also urged the Assistant Secretary and HUD to take an aggressive position against state and local zoning mandates which exclude or otherwise discriminate against affordable manufactured housing and the lower and moderate-income Americans who rely the most on inherently affordable HUD Code homes. Likening such exclusion to the practices targeted by HUD’s Affirmatively Furthering Fair Housing (AFFH) initiative (which specifically empowers HUD to target zoning restrictions which contribute to patterns of housing discrimination), MHARR called on HUD to use the express (and broad) enhanced federal preemption of the 2000 Reform Law to target the repeal and/or invalidation of such exclusionary zoning mandates which, as documented by multiple housing researchers, needlessly increase the cost of housing and homeownership in communities and either promote or reinforce patterns of racial and economic discrimination.

 

MH CONSUMER FINANCING

MHARR also addressed the issue of manufactured home consumer financing and the need for expanded access to – and availability of – such financing.  Given that the Assistant Secretary is also FHA Commissioner, MHARR specifically addressed FHA’s Title I manufactured housing program and Ginnie Mae’s “10-10” rule. Beyond thanking the Assistant Secretary for the recent Request for Information (RFI) published by Ginnie Mae (a HUD sub-agency) with respect to the Title I program, MHARR stressed the need to revitalize that program through the elimination of the “10-10” policy, which has effectively decimated the Title I program since its adoption in 2010. MHARR emphasized that the exclusion of significant numbers of lenders from the Title I program through, and as a result of the 10-10 rule, has increased, expanded and perpetuated the market dominance of a small group of portfolio lenders. This, in turn, has resulted in higher interest rates than would be the case for a fully competitive market with both public (i.e., FHA/Ginnie Mae) and private (i.e., Fannie Mae and Freddie Mac) support, which have either excluded lower income purchasers from the HUD Code market or unnecessarily increased the cost of purchasing a HUD Code home. Based on all this, MHARR encouraged the Commissioner to follow through on the RFI and adopt new/modified qualification criteria for Title manufactured housing lenders that would encourage greater and higher levels of participation for the benefit of American consumers of affordable housing.

 

HUD “MONITORING” CONTRACT

MHARR also raised the issue of HUD’s use of the same contracting entity (albeit with different corporate names) since the inception of the federal manufactured housing program nearly 50 years ago, its failure to obtain (or arguably seek) full and fair competition for that contract as required by federal law, and the need for HUD to fully comply with the competitive requirements of federal contracting law with respect to the monitoring contract going forward. MHARR stressed, as it has previously, that HUD’s de facto sole source procurement of the program monitoring contract – from the very inception of the manufactured housing program — is baseless, unjustifiable and beyond any conceivable need or justification. Such solicitations, in the future, should and must be conducted based on full, fair and proper competition in accordance with all applicable law.

cc: Other Interested HUD Code Manufactured Housing Industry Members

Attachment

Manufactured Housing Association for Regulatory Reform (MHARR)
1331 Pennsylvania Ave N.W., Suite 512
Washington D.C. 20004
Phone: 202/783-4087
Fax: 202/783-4075
Email: MHARR@MHARRPUBLICATIONS.COM
Website: manufacturedhousingassociation.org

##

 

Additional Information with More MHProNews Analysis and Commentary in Brief

For those who follow, compare and contrast the MHI interactions with HUD with those of MHARR, a case can be made for the following purported pattern.

1. MHI and MHARR seem to take similar positions on paper on many issues. That ‘paper’ similarity arguably tends to support for industry members, consumers, advocates, and others the relevance of most any given MHARR position.
2. That noted, unlike MHI – which MHARR leaders have alleged are into photo and video ops that lead to no substantive changes with regulators, MHARR actually presses their case beyond mere media releases or comments letters with various public officials. By contrast, there is a lack of evidence that MHI does the same. Meaning, as MHARR has alleged, MHI is posturing without performing.

Manufactured Home White Paper Rips Manufactured Housing Institute (MHI) ‘Exploitation’ Posturing on Behalf of ‘All Segments’ Industry–Media Release, Documents, Allegations, Analysis, Viewpoints

3. To further illustrate #1 and #2 above, is this report from MHProNews that MHI has yet to address.

HUD Sec Marcia Fudge – Zoning, Manufactured Homes – “Until We Start to Address This We Are Going to Continue to be Perpetually in This Kind of Situation.” – News-Analysis, plus Manufactured Housing Stock Updates

4. Additionally, despite the fact that former HUD Secretary Ben Carson said he was prepared to enter a new era with manufactured housing, there is evidence that MHI apparently allowed those opportunities to lapse. One of several possible examples is the one below.

 

5. Further evidence of those points are found from outsider looking in Samuel “Sam” Strommen with Knudson Law.

6. While their respective thesis each have unique wrinkles, Minneapolis Federal Reserve researchers ‘led’ by James A. “Jim” Schmitz Jr. and his colleagues have accused HUD of collusion with builders and their nonprofits to use “sabotaging monopoly” tactics against HUD Code manufactured homes. Schmitz and Strommen’s independent third-party research in several ways support each other.

“Sabotaging Monopolies” Minneapolis Fed Researchers Charge HUD-Collusion w/Builders to “Sabotage” Manufactured Housing Independents “Created U.S. Housing Crisis”-Fuels Homelessness, Harms Minorities, Taxpayers, Others

“Grumpy Economist” Cochrane – Sun Communities (SUI) – ‘Favorable Demand Drivers With Supply Constraints’ – Investor Data Yields Quick Case Study in Buffett “Moat” “Sabotaging Monopolies” Impact

 

7. Perhaps among the most telling examples are these from HUD and MHI-supporting members and affiliates.

 

8. When MHLivingNews recently asked MHI officials for comments on related issues, they declined.

9. With MHI leaders and staff and other public officials present, MHProNews’ Kovach publicly decried the pattern of MHI posturing without actually achieving their stated aims. That pattern with HUD dates back to at least the start of the so-called Berkshire Hathaway era of manufactured housing history.

https://www.fhfa.gov/Videos/Pages/FHFA-Public-Listening-Session-Enterprise-Housing-Goals-ANPR.aspx

https://www.fhfa.gov/Media/Documents/Kovach-statement.pdf 

https://www.fhfa.gov/Media/Documents/MarkWeiss-remarks.pdf

10. So, there is at this time a prima facia case that MHI postures, projects, and palters without achieving their own stated aims. While their motivates could include several factors, one apparent one for this pattern is that keeping the industry smaller benefits moat builders, such as Berkshire Hathaway. Who says? How about MHI member Andy Gedo in his apt “barriers of entry” comment to MHProNews, see that below.

11. The late William “Bill” Matchneer, J.D., told MHProNews in exclusive comments his views on several of the issues that MHARR has raised. Given that Matchneer was the first administrator for the HUD Code manufactured housing program, his remarks are relevant.

Note that Matchneer’s remarks substantively support the position that MHARR has taken.

12. While MHI brags to their followers and members about their ‘housing coalitions’ what they fail to admit is that while others may benefit from MHI being part of their coalition, where is the benefit to manufactured housing, or even MHI, beyond posturing or preening? Why does MHI fail to partner with MHARR instead of the apparent rivals of manufactured housing? The facts and evidence mitigate against the authenticity or prudence of the MHI approach and their own claims.

Building Generational Wealth by Lowering the FHA’s MIP – Manufactured Housing Institute, MBA, NAHB, NAR Joint Request Unpacked in BS Detecting Friday Follies; plus MHVille REITs, Stocks Update

13. Last but not least, Congressional Representatives signed onto a joint statement on one of the key claims that MHARR’s Mark Weiss presses. As this reflects legislative intent, it is always worth pondering as a key puzzle piece in the odd-to-some drama of apparent efforts from within HUD and MHI to limit manufactured housing while an affordable housing crisis rages.

See linked above and below to learn more.

Washington D.C. Updates on DOE ‘Energy Assault’ HUD is ‘Already Moving’ on DOE Standards MH Financing MHARR White Paper ‘Validated’ Again and More – MHI Side of Story, Facts & Analysis

 

Daily Business News on MHProNews Markets Segment

NOTICE: Based on feedback, a modification of our Daily Business News on MHProNews recap of yesterday evening’s market report is provided. It will still include our left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.

Reminder: several of the graphics on MHProNews can be opened into a larger size. 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 escape or back key to return.

Note: on 10.5.2022 CNN Business proclaimed (see below) a ‘real estate recession.’ But by following the facts, evidence, citing various experts and sources along with relevant analysis by MHProNews said on 8.27.2022 that the U.S. is in “a housing recession.” MHProNews provides “Intelligence for your MHLife.”

‘Housing Overvalued’ ‘We are in a Housing Recession’ – Reports by Moody’s Mark Zandi, NAR’s Lawrence Yun Conventional Housing Manufactured Home Concerns Probed; plus MHVille REITs, Stocks Update

 

Headlines from left-of-center CNN Business – from the evening of 10.6.2022

• What’s going on in Chicago?
• A view from the 360 Chicago observation deck shows the city skyline, where most of the offices remain empty as work-from-home has become the new normal due to fears of the spread of COVID-19 on May 12, 2020 in Chicago, Illinois.
• Another big company is closing its offices in the Windy City, further tarnishing its image

• 

  Elon Musk moves to halt legal proceedings in Twitter dispute amid renewed deal negotiations

• Peloton lays off hundreds in latest bid to ‘save’ the company
• Markets are starting to act super strange
• Ford raises price on the electric F-150 again
• Porsche overtakes Volkswagen as the most valuable carmaker in Europe
• Why Wall Street shouldn’t sweat the midterms
• Mortgage rates take a breather after rising for several weeks in a row
• Amazon will hire 150,000 workers for the holiday shopping season
• Google unveils new Pixel 7 smartphones and first-ever Pixel smartwatch
• Why the new Dunkin’ rewards program has sparked a backlash
• Here are 3 reasons why the US dollar is so strong
• Dimmed lights are seen in the city center of Bonn, Germany on September 11, 2022 as city administration announce saving energy measures to cutting gas and electricity for the autumn and winter to cope with energy crisis in Germany.
• Hiking rates too quickly could trigger a ‘prolonged recession,’ IMF head warns
• Help wanted sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022.
• What to expect from Friday’s jobs report
• Toyota finally figured out why wheels were falling off its electric SUV
• MARKETS
• GLOBAL ECONOMY
• City workers pass the Bank of England (BOE) during lunchtime in the City of London, UK, on Thursday, Sept. 29, 2022. The pound snapped a two-day gain and UK government bonds dropped as Prime Minister Liz Truss defended her package of sweeping tax cuts, stoking investor concerns over the countrys fiscal credibility.
• 5 signs the global economy is headed for a recession
• The bond market is crumbling. That’s bad for Wall Street and Main Street
• A UN agency wants the Fed to slow its interest rate hikes
• The UK economy still hasn’t recovered from the pandemic. Now it’s on the ropes again
• SUCCESS
• City workers pass the 30 St. Mary Axe skyscraper, also known as The Gherkin, at lunchtime in the City of London, UK, on Thursday, Sept. 29, 2022. The pound snapped a two-day gain and UK government bonds dropped as Prime Minister Liz Truss defended her package of sweeping tax cuts, stoking investor concerns over the countrys fiscal credibility.
• Why the ghost of 2008 still haunts us

• 

  A surprisingly hard part of retirement: Spending what you worked so hard to save

• How to protect your 401(k) in a bear market
• What today’s retirees want future retirees to know
• 7 things you’re wasting money on
• WHAT TO WATCH
• Hundreds of companies are trying the four-day work week. Here’s how it’s going
• StockX CEO: Here’s how we authenticate sneakers, trading cards before sale
• Elon Musk pauses and looks down as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022.
• Is the Musk Twitter deal back on?! Here are the winners and losers
• CEO: Failure is school. Failure is where you learn
• Google Japan builds stick keyboard more than 5-feet long
• SUCCESS
• A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022.
• Mortgage rates take a breather after rising for several weeks in a row
• Fortune’s Most Powerful Women.
• Here’s who made Fortune’s Most Powerful Women in Business list for 2022
• Barriers to Black entrepreneurship widen the wealth gap

 

Headlines from right-of-center Newsmax 10.6.2022

• Feds Believe They Have Enough to Charge Hunter Biden With Tax, Gun Crimes
• Federal investigators believe they have sufficient evidence to charge President Joe Biden’s son Hunter with tax crimes and making a false statement about a gun purchase, and now it’s up to a Delaware U.S. attorney, who was nominated by then-President Donald Trump, to take the next steps, according to sources close to the case. [Full Story]
• Newsmax TV
• Trump Lawyer Habba: N.Y. AG James’ Trump Lawsuit a ‘Dud’ | video

• 

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• Energy Alliance Head: Open Drilling, Not US Reserves | video
• Florida Rep. Perez: Ian Recovery Strong, Tough Times Ahead | video
• Florida CFO: Biden, DeSantis Putting ‘Politics Aside’ for Hurricane Relief | video
• Steube: Biden Using Ian to Push Climate Agenda | video
• Ron Johnson: ‘Complicit Media,’ Partisan Agencies Ignore Biden Scandals | video
• More Newsmax TV
• Newsfront
• Biden Pardons Thousands for ‘Simple Possession’ of Marijuana
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• Feds Believe They Have Enough to Charge Hunter Biden With Tax, Gun Crimes
• Federal investigators believe they have sufficient evidence to charge [Full Story]
• Elon Musk Seeks Stay of Twitter Litigation for Oct. 28 Deal Close
• Elon Musk requested a judge stay his litigation with Twitter Inc [Full Story]
• Zelenskyy: Putin Wouldn’t Survive Nuclear Attack
• Ukraine President Volodymyr Zelenskyy said Thursday it was “hard to [Full Story]
• Related
• Russian Rockets Slam into Ukrainian City near Nuclear Plant
• Poll: Kemp Leads Abrams by 5 Percentage Points in Georgia
• Georgia Gov. Brian Kemp leads Democrat challenger Stacey Abrams among [Full Story]
• Putin Using Tactical Nukes Would ‘Unify’ Opposition
• As Russian President Vladimir Putin’s war in Ukraine increasingly [Full Story] | Platinum Article
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• S. Treasury Secretary Janet Yellen on Thursday called for the World [Full Story]
• OPEC+ Oil Output Cut Ahead of Winter Fans Inflation Concerns
• Global oil supply is set to tighten, intensifying concerns over [Full Story]
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• Goldman Sachs has raised its oil price forecast for this year and [Full Story]
• Dick Morris: Biden’s Coming ‘October Surprise’ — Count On It!
• A Biden October surprise is coming. With inflation soaring, the [Full Story]
• Shoppers Left Scrambling As Amazon Unveils Deals That Shouldn’t Exist
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• If you have dogs, you probably already know that petting them can [Full Story]
• Climate Change Extending Alaskan Cruise Season: Norwegian Cruise CEO
• Climate change may be playing a role in extending the Alaskan cruise [Full Story]
• As Iran Protests Spread From Universities to Secondary Schools, Regime Blames US, Israel
• Protests against the Iranian regime – triggered by the death of [Full Story]
• CNN Poll: Laxalt Maintains Lead on Sen. Cortez Masto in Nevada
• The battle for the Senate majority willbe waged in part in Nevada, [Full Story] | video
• Video Report: Biden Furious Court Rules DACA Illegal
• President Joe Biden blasted “MAGA” Republicans after a federal [Full Story] | video
• US Hits Iran With More Sanctions Over Mahsa Amini Death
• The U.S. on Thursday imposed more sanctions on Iranian government [Full Story]
• Family of Victim Seeks Halt in ‘Serial’ Case
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• Federal Judge Blocks Parts of New York’s New Gun Law
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• Biden Pardons Thousands for ‘Simple Possession’ of Marijuana
• President Joe Biden is pardoning thousands of Americans convicted of “simple possession” of marijuana, as his administration takes a dramatic step toward decriminalizing the drug and addressing charging practices that disproportionately impact people of color.He is also…… [Full Story]
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===================================

• NOTE 1: The 3rd chart above includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry 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 equities named above follow.

Whistleblower Payout! Cavco (CVCO) Settle with SEC in Securities and Exchange Commission Case vs. Cavco Former CEO Joseph Stegmayer, Daniel Urness – 21-cv-01507 U.S. District Court of AZ

Triad Financial Services Q2-2022 FINANCIAL RESULTS, per ECN Capital – Several Bright Spots in Manufactured Home Market Highlighted, Including Communities, Retail, Land-Home, Floor; MHStocks Update

‘Blackrock Weaponizing ESG’– State AGs Probe MHCommunities Owner, Private Equity Giant Blackrock on Possible Antitrust, Securities, Fiduciary Violations, See AGs’ Document; plus MHStocks Update

Truist, Other Investors Increase Multi-Million Dollar Stakes in Legacy Housing Corporation (LEGH), Corp Update by CEO Duncan Bates, with Added Facts, Analysis

Manufactured Home Communities (a.k.a. ‘Mobile Home Parks’ – SIC) – Exploring UMH Properties; Fellow Manufactured Housing Institute Member Yes! Communities Suits and Settlements; plus MH Markets Updates

 

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

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition 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.

 

 

 

 

 

 

 

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