Manufactured Housing Institute CEO Lesli Gooch-OpenSecrets-CPI-LegiStorm Reveal Apparent Conflicts of Interest with Site-Built Housing-Call for Gooch Resignation-Termination@MHI; plus MHMarkets

ManufacturedHousingInstituteCEOLesliGoochOpenSecretsCPILegiStormRevealApparentConflictsOfInterestWithSiteBuiltHousingCallForGoochResignationTermination@MHIplusMHMarketsMHProNews

“You can ignore reality, but you cannot ignore the consequences of reality.”

– Ayn Rand

 

“No one’s rights can be secured by the violation of the rights of others.”

– Ayn Rand

 

“If some men are entitled by right to the products of the work of others,
it means that those others are deprived of rights.”

– Ayn Rand

 

The manufactured housing industry’s production continues to be in a sharp decline. That is per official data for August 2023 released on October 3, 2023, which will be detailed in a report later this week. Just a year ago, the manufactured home industry was still growing as measured by production data at that time. Now, the year-over-year decline in manufactured housing is continuing at a brisk pace. Clearly, whatever gaslighting style praise generated by insiders that has been heaped on Lesli Gooch, Ph.D. is apparently being contradicted by hard facts (see further below). What follows about MHI CEO Gooch in Part I of today’s report are from sources that include LegiStorm, OpenSecrets, and the Center for Public Integrity (CPI). But first, the preface of quotes by Ayn Rand, shown above, offer a framing of the issues. There are numbers of possible applications of these quotable quotes by author “Alice O’Connor, better known by her pen name Ayn Rand.” Left-leaning Wikipedia said that and: “Russian-born American writer and public philosopher. She is known for her fiction and for developing a philosophical system she named Objectivism. Born and educated in Russia, she moved to the United States in 1926.”  Rand was “Influenced by: Friedrich NietzscheAristotleLudwig von Mises,” was “Born: February 2, 1905, Saint Petersburg, Russia” and “Died: March 6, 1982, New York, NY.” Rand authored “The Fountainhead” and “Atlas Shrugged.” Rand spent the first two decades of her life in a land where propaganda was common. But this article is focused on Gooch and her backers, not about Rand. Yet Rand’s views on what INC said are her 7 principles of “Rationality, independence, integrity, honesty, justice, productiveness, and pride” seem to apply in an inverted manner. 

 

Expanding Housing Choice Through Investments in Innovation and Technology–Regina Gray, HUD Director, Affordable Housing Research and Technology Division–on Manufactured Housing; plus MHMarkets

 

Meaning, despite the great potential for manufactured housing, there exists an apparently irrational toleration by certain industry leaders of the purported injustice and lack of productiveness that has been charged against the Manufactured Housing Institute (MHI) CEO Lesli Gooch and her backers. When prominent MHI member Cavco Industries is expressing the notion that a lack of affordable housing is costing the U.S. economy some $2 trillion dollars annually, and manufactured homes are the proven product to solve that affordable housing crisis, that begs the question. How is it possible that MHI and its several multi-billion-dollar brands can consistently fail to advance the industry’s own stated goals and interests?

 

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CavcoIndustriesLOGO-CVCOInvestorPresentationIR-AffordableHousingCrisisQuotesJan2023Page4MHProNewsFactCheckAnalysisCommentary
https://www.manufacturedhomepronews.com/manufactured-housing-institute-mhi-claims-contradicted-by-cavco-industries-ir-statements-shortage-of-affordable-housing-costs-economy-2trillion-annually-plus-mhville-markets-upd/ There is no lack of evidence that there is an affordable housing crisis. But that being so, why is MHI making the odd argument in their most recent (4.10.2023) Federated States ‘Newsletter’ that the industry ought to expect this current downturn because more expensive site-built housing is also in a downturn? MHI’s research and reasoning are arguably a classic example of PALTERING and the use of a RED HERRING logical fallacy. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
CavcoIndustries$2TrillionDollarFinancialBroadsideImplicationsFromCavcoIndustriesCVCOdocumentCEO-WilliamBillBoorRemarksPlusSundayWeeklyMHVilleHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/cavco-industries-2-trillion-dollar-financial-broadside-implications-from-cavco-industries-cvco-doc-ceo-william-bill-boor-remarks-plus-sunday-weekly-mhville-headlines-r/

By extension, whatever Gooch has done improperly and failed to do correctly are also an indictment of the leaders of MHI that tolerate what the Manufactured Housing Association for Regulatory Reform (MHARR) previously called an ‘inexcusable‘ status quo.

In this promised follow-up to our previous report on fresh insights on Gooch and apparent evidence of conflicts of interest in her role as the CEO of MHI, the following information was unearthed by MHProNews from the sources as shown. Part II will unpack these facts with additional information with more MHProNews analysis and commentary.

 

Part I

In reviewing the third-party information that follows, one should keep in mind that these items would have been available to the MHI search committee that hired Gooch.

Such information would also have been available to MHI leaders who decided to name Gooch as CEO.

So, this is NOT only about Gooch herself. Rather, it is equally about those who placed – and have kept Gooch – at MHI in her leadership role.

According to LegiStorm are the following about Lesli Gooch.

QuoteMarksLeftSideListed as lobbyist by registrants:

Lobbied on behalf of:

Other items about Gooch are behind a LegiStorm paywall.

Some of that lobbying for others in the housing industry by Gooch occurred while Gooch worked for MHI. Some of Gooch’s paperwork filed as a lobbyist during occurred during times of day that one would expect her to be ‘on the clock,’ so to speak, for MHI.

Note that among those firms which reportedly Gooch lobbied for in LegiStorm‘s list above is AmeriDream.

The following is from a report by the Center for Public Integrity (CPI) entitled “Home loans brokered by nonprofits helped fuel the housing crisis.” That CPI article included the following remarks, and specifically names Lesli Gooch in an arguably problematic fashion. While this is a flashback, savvy professionals may see the gut wrench parallels between Gooch’s proverbial fingerprints then, as now, which resulted in a conventional housing downturn (then) or the current manufactured housing downturn now.

 

Per CPI:

QuoteMarksLeftSideBefore the housing boom got underway in the late 1990s, a California nonprofit group hatched an idea to help families who qualified for government-backed mortgages but still couldn’t raise the down payment.

A home builder would agree to make a donation to the nonprofit in an amount equal to the down payment. The nonprofit would give the cash to the buyer, often earning a generous fee for its role as middleman. In less than a decade, nonprofits had arranged more than a million no-money-down house sales around the country. By 2008, they represented more than a third of all loans backed by the Federal Housing Administration.” …

QuoteMarksLeftSideLittle attention has been paid to the role of the down payment programs in the origins of the financial crisis. Government and court records examined by the Huffington Post Investigative Fund illustrate how two large housing nonprofits – Nehemiah Corporation of America and AmeriDream Inc. — worked closely with the mortgage divisions of the nation’s biggest home builders, adding fuel to the housing bubble and in effect paving the way for even riskier subprime loans by private lenders.

Nehemiah, the Sacramento, Calif.-based inventor of seller-funded down payment assistance, and its closest competitor, AmeriDream of Gaithersburg, Md., together facilitated 40 percent of all such loans backed by the FHA. Over eight years, they arranged 392,000 mortgages worth $54 billion, records from the Department of Housing and Urban Development show.” …

QuoteMarksLeftSideOfficials at Nehemiah and AmeriDream declined requests for interviews for this article. In a statement to the Investigative Fund, AmeriDream president Ann Ashburn said she hopes that Congress will pass a bill to create a new gift program “to help stabilize the U.S. housing market.”

In testimony to Congress in 2007, Ashburn acknowledged that “the extremely fast growth led to a measure of disorganization among down payment assistance providers, and, in some cases, excesses by certain individuals associated with those entities.” The National Association of Home Builders, one of the group’s allies in the effort to revive the system, also noted the past problems but said they can be fixed.

“Let’s reform it so it can operate in a safe and sound way,” said David L. Ledford, senior vice president of the association. “The down payment is still the major hurdle and obstacle to homeownership … It would be great if sellers could help out in a way that’s managed properly.””

QuoteMarksLeftSideThe non-profits have enjoyed the support of an unlikely coalition of real estate interests and civil rights activists – as well as some Democratic and Republican lawmakers who have received campaign contributions from key players. At a congressional hearing in May, Rep. Gary Miller (R-Calif.), co-sponsor of a bill that would restart the system with tighter rules, said that the ban was “an injustice to a lot of the private sector.”

Since January 2008, Nehemiah, AmeriDream, and AmeriDream’s affiliate, the Association of Homeowners Across America, have spent roughly $2 million lobbying Congress, at first to prevent the ban and then to reverse it, according to disclosure forms.”

“They did a lot of pushing and pulling,” said Mark Calabria […who was a former…] high-ranking Republican staff member on the U.S. Senate Committee on Banking, Housing and Urban Affairs. “That really tells you this is the most danger they’ve ever been in. It also tells you how much money they were making.”

 

That is a good place to press “pause” and recall that MHI did a photo op of Lesli Gooch with Dr. Mark Calabria, who after the above was published later headed up the Federal Housing Finance Agency (FHFA) during the Trump Administration.

 

LesliGoochDrMarkCalabriaMHI-FHFAPhotoOpAccessWithoutResultsMHProNews
Investigators are trained to seek an answer to the question, cui bono? Who benefits from a certain situation? Buffett made clear early on that Clayton’s lending would be held in portfolio by Berkshire. That plan would backfire if the FHFA enforced the law on DTS. The evidence clearly suggests that insiders with the FHFA and GSEs worked behind the scenes with MHI and the Clayton affiliated lending to NOT get DTS lending implemented.

 

That relevant segue about Gooch and Calabria noted, back to the flashback report from CPI.

“Working with the [Conventional Site] Builders” …

“…AmeriDream was founded as a nonprofit in 1999 under a model similar to Nehemiah’s. Soon, hundreds of other copy-cats sprouted, many of them nonprofit in name only, as the IRS would later rule.” …

QuoteMarksLeftSideWithin a few years, the Government Accountability Office looked into down payment assistance programs, finding that rather than making a true donation, many sellers were just factoring their contributions into the sales price. That was the practice confirmed in July by Beazer Homes, which said as part of a deferred prosecution agreement that it “accepts and acknowledges” that its former employees engaged in criminal acts by inflating the price of homes funded with down payment gifts. Beazer agreed to pay $5 million to the federal government and up to $48 million to homeowners who’d been defrauded.” …

QuoteMarksLeftSide‘Illusion’ of Rising Home Values

Aside from questions about the home builders’ conduct, the high foreclosure rate among buyers with seller-funded down payment assistance quickly became evident in some places. Mildred Wilkins, then a foreclosure specialist for Fannie Mae in greater Indianapolis, a hotbed for such programs, said she began to receive a “startling” number of new cases around 2002. She was disturbed by how many of the bad loans on Fannie’s books had been backed by the FHA and facilitated by seller gifts.

“These were neighborhoods explicitly advertised as [down payment assistance] communities,” said Wilkins. Most of the homes were new construction, with prices between $100,000 and $150,000, and went to low- and middle-income buyers, many of them African-American, she said. On many of the quickly soured mortgages, the price at foreclosure could be 15 percent less than the original sales price. “At the very minimum, the price had been inflated by the amount of the down payment, plus the administrative fee, plus the closing cost and taxes [and] a couple of other little things,” she said.” …

Another segue is warranted. One may recall that MHI’s Gooch penned an op-ed early in the Biden Administration on “equity” for Blacks and minorities.

 

AdvancingRacialEquityThroughManufacturedHousingLesliGoochPICManufacturedHousingInstituteCEOImpressiveOpEdManufacturedHousingInstituteLOGONationalMortgageNewsLOGOAnalysisMHProNewsLOGO
https://www.manufacturedhomepronews.com/advancing-racial-equity-through-manufactured-housing-lesli-gooch-manufactured-housing-institute-ceos-impressive-op-ed-manufactured-housing-institutes-nati/

 

Despite her pretty words in that op-ed, when Gooch was asked by a Black municipal leader for help with a real (as opposed to hypothetical) Black couple who wanted to buy a manufactured home but who were being barred by local officials. In principle, the case could have resulted in numbers of additional manufactured homes being sold. Gooch, on behalf of MHI, provided more pretty words – but no actual support. an opportunity to advance the industry was allowed to slip away. And that black family did not get the home that they hoped and dreamed of buying, though they were already approved for financing.

 

ManufacturedHousingInstituteLogoCEOLesliGoochPICGoalsAlignedMayorProTemCivicPittCountyHRCvicechairAskMHILegalEngageManufacturedHomePlantaHomeZoningMastMHProNews
https://www.manufacturedhomepronews.com/masthead/manufactured-housing-institute-ceo-lesli-gooch-said-our-goals-are-aligned-to-civic-leader-ivory-mewborn-asking-for-mhi-legal-other-direct-engagement-in-manufactured-home-pl/

 

More on that exchange between Mayor Pro-Tem Ivory Mewborn and Gooch is found in the report linked here. Let’s do a quick mini-summary. Gooch’s fingerprints via lobbying for conventional housing linked organization are apparently a contributing factor in the financial crisis circa 2008 and the related mortgage meltdown, per the Center for Public Integrity (CPI) report being cited herein. Minorities were among those most-harmed, per CPI’s research. When an opportunity to help actual Black Americans buy a manufactured home was provided, Gooch provided lip service without any actual support, per Mewborn to MHProNews.

That noted, let’s return to CPI’s narrative.

QuoteMarksLeftSideThese inflated sales prices helped put some upward pressure on the lower end of the housing market, at least in communities where seller-funded gifts were common. “It created the illusion that the average sales price was in fact higher than it was,” said Wilkins, who is now a consumer housing advocate.

As the wave of loans crested, Nehemiah publicly decried the tactics of other down payment providers, and called for government intervention. “Allowing credit card and car payments to be wrapped into housing — it was so wrong,” said William Atlas, a former Nehemiah chief financial officer who left the nonprofit in 2004 but remains a great believer in its staff and mission. “It’s like watching a boat cruising toward the rocks, and everybody’s partying on the boat, having too good a time to listen to the horn.”” …

QuoteMarksLeftSideThings looked even worse for Nehemiah when the Internal Revenue Service ruled in 2006 that seller-funded down payment gifts did not qualify for tax exemptions but rather were “scams” that left both buyers and the government stuck with houses sold at an inflated price. The IRS immediately rejected several dozen applicants seeking nonprofit status for down payment assistance programs and said it would begin reviewing the previously granted tax-exempt status of 185 other providers. (Nehemiah’s status was already under review independently, according to its most recent audit.) Yet in the majority of cases, the IRS never took action to shut them down.” …

Highlighting of Gooch’s name below is added by MHProNews for emphasis.

QuoteMarksLeftSideNehemiah and AmeriDream officials have returned that loyalty to their bipartisan boosters in Congress. Last year, AmeriDream’s Ashburn, board member Tom Carmody, vice president Robert Newman, and Nehemiah’s Syphax each donated $1,000 to Waters’ campaign. Ashburn has donated $2,000 to Miller’s campaign since 2007, while Carmody and Ashburn also made the largest individual donations — of $2,500 apiece — to America First, a political action committee with ties to Miller that disbursed at least $12,500 to the National Republican Congressional Committee in 2008. One of the lead lobbyists on down payment assistance, Lesli McCollum Gooch of Potomac Partners DC, is a former senior policy adviser to Miller.

McCollum Gooch did not return phone calls seeking comment. Ashburn said in her statement that the reincarnation of down payment gifts would “expand responsible homeownership while establishing unprecedented safeguards for homebuyers.””

So, just as Gooch has often failed to respond to inquiries from MHProNews, she also reportedly failed to respond to inquiries to by CPI in their exposé above.

 

Thus, part of Gooch’s career path has been advocating for clients that apparently fueled the meltdown of the conventional housing market. But as what follows from OpenSecrets will reveal, while Gooch was paid by MHI to lobby on behalf of manufactured housing industry interests, she was in fact apparently double dipping by doing more lobbying for conventional housing interests.

Two competing segments of the housing industry – conventional and manufactured housing. Gooch apparently derived income from both. MHProNews put this question to Bing’s AI chat function:

> “Are there any known public disclosures by Manufactured Housing Institute (MHI) CEO Lesli Gooch that she was getting paid by conventional housing interests for advocacy while she has been working for MHI?”

 

So, there is no known disclosures by Gooch of this sideline gig of lobbying for conventional housing interests while she has been working for MHI. This, apparently, is Gooch. According to Open Secrets, LegiStorm, and other sources, during the timeframe she made this video with pro-MHI American Housing Advocates, she was working with conventional housing linked advocacy efforts.

 

 

Yet, somehow, MHI’s magicians want the industry to think of Gooch as some type of heroine, who is almost “a woman of influence.” Even if she is influential, isn’t a relevant question how that influence has been used? More on that in Part II, below.

But next, here is what “follow the money” OpenSecrets said about MHI’s CEO Lesli Gooch, Ph.D.

 

EmploymentHistoryLesliMcCollumGoochOpenSecretsScreenshot2023-10-03-140018-MHProNews

 

Recall that Gooch is reportedly a “principal” with Capitol Policy Advisors. During 2019 alone, this Gooch-linked operation made over $80,000 over and above her pay from MHI, and while she was working for MHI.

Groups That Have Retained Capitol Policy Advisors in 2019

About National Community Renaissance, per left-leaning Wikipedia:

> “National Community Renaissance, also known as National CORE, is a U.S. non-profit community builder specializing in affordable, multifamily, mixed-income, senior, workforce and special needs housing. Based in Rancho Cucamonga, California, National CORE operates in three states: California, Florida, and Texas.”

According to part of a response from Bing AI on 10.3.2023: “I could not find any information on whether National CORE has any manufactured housing linked efforts.”

So, the lobbying by Gooch-linked Capitol Policy Advisors literally appears to be on behalf of direct competitors for manufactured housing.

That is textbook conflict of interest. Per Oxford Languages, a “conflict of interest” is “a situation in which the concerns or aims of two different parties are incompatible.” Another definition is this from Investopedia, which said this:

QuoteMarksLeftSideWhat Is a Conflict of Interest?

A conflict of interest occurs when an entity or individual becomes unreliable because of a clash between personal (or self-serving) interests and professional duties or responsibilities.”

 

According to LegalZoom, on the question is a conflict-of-interest illegal is this response.

QuoteMarksLeftSideIs a conflict of interest illegal? It can be. There are multiple federal and state laws that criminalize and prosecute conflicts of interest. Even if a conflict of interest is not illegal, it is likely to lead to suspension or job loss when discovered.”

 

However, no such suspension or loss of job by Gooch occurred when whistleblower documents detailing her conflict of interest were published.

 

WhisleblowersDocumentsOnLesliGoochPhotoCEO-ManufacturedHousingInstituteLogo-NewDiscoveriesManufacturedHomeProNews
https://www.manufacturedhomepronews.com/whistleblowers-documents-on-lesli-gooch-manufactured-housing-institute-ceo-new-discoveries/

 

MHProNews first called for the resignation or termination of Lesli Gooch and Richard “Dick” Jennison years ago for apparently misleading its own members in communications that used “the wires” which could be viewed as an element in a RICO violation.

RichardDickJennisonLesliGoochManufacturedHousingInstittueMHI-postedMHProNews-
https://www.manufacturedhomepronews.com/why-richard-dick-jennison-and-lesli-gooch-at-mhi-should-resign-or-go/

 

Part II

MHProNews is once more editorially calling for the resignation and/or termination of Gooch. But as or perhaps more important, there arguably should be an independent probe of what has gone wrong at MHI.

 

Federal Attorneys Move to Dismiss Manufactured Housing Institute-Texas Manufactured Housing Assoc (MHI-TMHA) Lawsuit-DOE’s Legal Arguments and CEO Lesli Gooch Ph.D. Exposé; plus MHStocks Update

 

MHI, per the pleadings in the reports linked herein and below, appears to be involved in apparent antitrust violations.

 

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https://www.manufacturedhomelivingnews.com/class-action-case-no-23-cv-6715-v-datacomp-equity-lifestyle-properties-hometown-america-lakeshore-communities-sun-communities-rhp-properties-yes-communities-inspire-communities-kingsley-mgt-cal-am-p/

 

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https://www.manufacturedhomepronews.com/several-manufactured-housing-institute-members-including-manufactured-home-community-owner-operator-companies-and-datacomp-hit-by-big-antitrust-lawsuit-plus-mhville-markets-update/

 

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https://www.manufacturedhomepronews.com/industry-insider-offers-defense-of-community-operators-in-antitrust-case-but-also-possible-attacks-slurs-too-unless-you-live-in-a-frank-rolfe-park-case-23-cv-6715-v-datacomp-e/

 

A distinct legal probe from the one named above has been announced, as the report and analysis linked below indicated.

 

Lowey Dannenberg Probe Equity LifeStyle (ELS), Hometown America, Lakeshore Communities, Sun Communities, RHP Properties, YES! Communities, Inspire Communities, Kingsley Mgt, Cal-Am Properties
https://www.manufacturedhomepronews.com/masthead/lowey-dannenberg-probe-equity-lifestyle-els-hometown-america-lakeshore-communities-sun-communities-rhp-properties-yes-communities-inspire-communities-kingsley-mgt-cal-am-properties/

MHProNews asked Bing’s AI chat function the following:

> “Which manufactured housing trade media have reported on purported conflicts of interest by MHI CEO Lesli Gooch?”

BingsAIchatAnswerImage-MHProNews

I found an article on Manufactured Home Pro News that reports on purported conflicts of interest by MHI CEO Lesli Gooch. The article is titled “Whistleblower’s Documents on Lesli Gooch – Manufactured Housing Institute CEO – New Discoveries” 1. The article contains documents that shed light on a slow-motion, multiple billion-dollar scheme to defraud manufactured housing industry professionals which obliquely harms consumers in the wake of deceptive practices. The article also mentions that the Federal Trade Commission Act is a consumer protection law and that it created the FTC. A source at the Federal Trade Commission has told MHProNews on background that the agency pursues cases of fraud perpetrated against businesses and other professionals “all the time” 1. …

The consequences of ignoring the types of troubling realities exposed herein and detailed in the linked reports is that manufactured housing has been underperforming as an industry for at least 2 decades. ##
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ManufacturedHomeProduction1995-2022WithTotalsByYearCalloutFor2023-MHProNews1
The reason that 2002 is noted is that is the year that Berkshire Hathaway acquired a major stake in Oakwood manufactured homes. Their investment in Clayton Homes occurred in 2003. A steady wave of consolidation followed. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
ManufacturedHousingIndustryProductionSnapshot1960to2022SkylineChampionInvestorRelationsManufacturedHomeProNews
The graphic above starts in the mobile home era in 1960 through the start of the start of the Manufactured Housing era which formally began on June 15, 1976. It then continues through the Manufactured Housing Improvement Act of 2000 (MHIA) of 2000 era, which is essentially manufactured homes in the 21st century. The Manufactured Housing Institue (MHI) and the Manufactured Housing Association for Regulatory Reform IMHARR) teamed up in the late 1990s to get the Manufactured Housing Improvement Act of 2000 (MHIA) enacted into law. It was supposed to, among other factors, give the industry ‘enhanced federal preemption’ to overcome zoning and placement challenges at the local level. What happened to that once joint push by MHARR and MHI? Note: depending on your browser or device, many images in this report can be clicked to expand. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. The report the graphic is from is unpacked in the post linked here: https://www.manufacturedhomepronews.com/skyline-champion-sky-ramping-up-3-plants-good-credit-quality-retail-buyers-more-details-from-2023-quarterly-earnings-call-transcript-whats-said-not-said-facts-and-analysis/ Then, a similar dive into Cavco Industries report for a time frame report is linked here. https://www.manufacturedhomepronews.com/analyst-to-cavco-why-is-manufactured-home-industry-production-so-weak-paradox-develops-lower-expectations-more-singles-in-q1-2023-cavco-industrie/ The topic of the importance of history is examined in the report linked below. https://www.manufacturedhomepronews.com/in-the-business-world-the-rear-view-mirror-is-always-clearer-than-the-windshield-warren-buffett-mhville-leader-showcases-efforts-to-renew-american-dream-plus-sunday-weekly/

 

Manufactured housing stocks broadly slide…

Part III – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.

The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

 

Headlines from left-of-center CNN Business – from the evening of 10.3.2023

  • Real estate insiders question how Trump fraud judge valued Mar-a-Lago
  • Specialist Dilip Patel works at his post on the floor of the New York Stock Exchange, Tuesday, Oct. 3, 2023. Wall Street is sinking sharply as it focuses on the downside of a surprisingly strong job market.
  • Dow plunges more than 500 points as spiking yields weigh on stocks
  • A woman in downtown San Francisco was seriously injured Monday night in an accident involving an autonomous vehicle. San Francisco Fire Department spokesperson Justin Schorr told CNN early Tuesday that the victim has “multiple life-threatening injuries.”
  • A woman was found trapped under a driverless car. It wasn’t the first car to hit her
  • Coffee is in danger. Starbucks is working on solutions
  • US job openings unexpectedly grew in August
  • Taylor Swift’s Eras Tour movie hits a presale record for Cinemark
  • Powerball and Mega Millions lotto tickets are sold at Foremost Liquor Store on Sunday, Oct. 1, 2023, in South Pasadena, CA.
  • The Powerball jackpot is huge, but here are 3 better ways to increase your wealth
  • Sam Bankman-Fried’s trial has started. Here’s what you need to know
  • UAW members and workers hold signs outside the Ford’s Chicago Assembly Plant after walking off their jobs in Chicago, Illinois, on September 29, 2023. Another 7,000 members of the biggest US automobile workers’ union on Friday joined an already major strike against the top three Detroit car manufacturers.
  • GM, Ford lay off 500 more workers, blaming strike
  • A WeWork location in New York, US, on Monday, May 8, 2023.
  • WeWork says it will skip $95 million in interest payments, tanking shares
  • Birkenstock could be worth $10 billion
  • There’s a brand new breakfast item coming to Taco Bell
  • ESG has lost its meaning. One advocate says let’s throw it in the trash
  • Stock market minnows are grabbing most of the world’s IPOs
  • Hong Kong stocks have worst day in three months on worries about rates and real estate
  • Powerball jackpot climbs to an estimated $1.2 billion for Wednesday’s drawing
  • Head of OPEC warns of a ‘dangerous’ lack of investment in oil
  • Feeling lucky? Winning numbers are announced for the $1.04 billion Powerball jackpot
  • Taylor Swift, a pop culture juggernaut, propels ‘Sunday Night Football’ to record ratings
  • Florida minimum wage raised to $12 an hour as part of 2020 constitutional amendment
  • These popular fast food drive-thrus are getting faster
  • Apple confirms that a bug and some apps are causing iPhone 15 models to overheat
  • Microsoft CEO warns of ‘nightmare’ future for AI if Google’s search dominance continues

 

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In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror more so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. https://www.manufacturedhomepronews.com/in-the-business-world-the-rear-view-mirror-is-always-clearer-than-the-windshield-warren-buffett-mhville-leader-showcases-efforts-to-renew-american-dream-plus-sunday-weekly/

Headlines from right-of-center Newsmax 10.3.2023

  • Effort to Block McCarthy’s Ouster as House Speaker Fails
  • House Moves Ahead With Challenge to McCarthy Leadership
  • House Moves Ahead With Challenge to McCarthy Leadership
  • The House of Representatives on Tuesday voted to allow a leadership challenge to Republican Kevin McCarthy, in a sign that he could be removed from his job as speaker. [Full Story]
  • Related Stories
  • Steube to Newsmax: Gaetz Working With Dems to Oust McCarthy
  • Trump: GOP Should Fight ‘Radical Left Democrats’
  • McCarthy to Newsmax: ‘I Believe It’s Personal’ With Rep. Gaetz
  • Newsmax TV
  • Tenney: ‘Ridiculous’ to Blame Border on GOP
  • Napolitano: Trump’s N.Y. Lawyers ‘Didn’t Make a Mistake’ | video
  • Former Rep. Collins: Rep. Bowman Must Face Consequences | video
  • Johnson: Biden’s Open Border Profits Cartels | video
  • Huckabee: Trump’s N.Y. Fraud Case ‘Is a Sham’ | video
  • Grenell: WH ‘Behind the Eight Ball’ on Serbia-Kosovo Tensions | video
  • Guilfoyle: Dems’ Frivolous Lawsuits Target Trump ’24 Run | video
  • Elder: Call Bowman an ‘Insurrectionist’ | video
  • Bondi: James Shouldn’t Be Allowed to Prosecute Trump | video
  • More Newsmax TV
  • Continuing Resolution Fallout
  • Armstrong to Newsmax: ‘No Replacement’ If McCarthy Ousted
  • House Moves Ahead With Challenge to McCarthy Leadership
  • Steube to Newsmax: Gaetz Working With Dems to Oust McCarthy | video
  • WH Won’t Take Sides on McCarthy’s Speakership
  • Speaker McCarthy to Newsmax: ‘I Believe It’s Personal’ With Rep. Gaetz | video
  • Comer to Newsmax: Will Not Vote to Remove McCarthy | video
  • Gaetz Moves to Oust McCarthy as House Speaker
  • More Continuing Resolution Fallout
  • Newsfront
  • Trump Plans to Testify in N.Y. AG James’ Civil Trial
  • Former President Donald said he will take the witness stand in New York Attorney General Letitia James’ $250 million civil lawsuit “at the appropriate time.”… [Full Story]
  • Related Stories
  • Trump Back in Court for N.Y. Civil Trial’s Second Day
  • Trump Praises Judge, Claims 80% of Case Is Over
  • Huckabee to Newsmax: Trump’s New York Fraud Case ‘Is a Sham’
  • Guilfoyle to Newsmax: Dems’ Frivolous Lawsuits Target Trump ’24 Run
  • Trump, Observing ‘Sham’ N.Y. Fraud Trial, Sees Positive Sign in Judge’s Remarks
  • Dershowitz to Newsmax: NY AG Puts Trump ‘Below the Law’
  • Trump: ‘No Crime,’ ‘No Victim,’ but Me
  • Mexico Buses Migrants as Thousands Reach US Border
  • Several hundred migrants in southern Mexico awaited buses north on [Full Story]
  • Conservative Guidebook Issued Before Catholic Synod
  • As Roman Catholic bishops from across the world gathered at their [Full Story]
  • House Moves Ahead With Challenge to McCarthy Leadership
  • The U.S. House of Representatives on Tuesday voted to allow a [Full Story]
  • Report: ‘Suge’ Knight Won’t Testify in Tupac Case
  • Imprisoned rapper and Death Row Records founder Marion “Suge” Knight [Full Story]
  • Grenell to Newsmax: WH ‘Behind the Eight Ball’ on Serbia-Kosovo Tensions
  • Former acting Director of National Intelligence Ric Grenell told [Full Story] | video
  • Related
  • Serbia’s President: No Serbian Troop Buildup Near Kosovo
  • Kosovo Carnage Spurs NATO Troop Increase
  • Serbia Withdraws Troops Near Kosovo Amid Tensions
  • Kosovo Warns of Serbian Troop Deployment Resembling Russia
  • Serbian Authorities Detain Alleged Organizer Behind Kosovo Shootings
  • Serbian police on Tuesday detained an ethnic Serb leader from Kosovo [Full Story]
  • Ukraine Downs 29 Russian Drones, One Cruise Missile
  • Ukraine destroyed 29 of 31 drones launched by Russia and one cruise [Full Story]
  • Related
  • Biden Tries to Reassure Allies of Continued US Support for Ukraine
  • Russia Vows No New Mobilization as 335,000 Sign up to Fight
  • Putin Might Soon Say He’ll Run in Russia’s 2024 Election
  • Car Sales Jump in Q3 as UAW Strike Casts Shadow
  • Top global automakers Tuesday reported a rise in U.S. new vehicle [Full Story]
  • Police Cuts Show ‘Real World Consequence’ of ‘Defund’ Movement
  • Three years after activists demanded the “defunding” of police [Full Story] | Platinum Article
  • Morning Consult Poll: Trump Tops GOP, Ties Biden
  • After the second Republican Party primary debate, it has becoming [Full Story]
  • Related
  • Clarity Poll: Trump Tops Biden, Who Tops DeSantis by 4 |video
  • Echelon Insights Poll: Trump Leads Biden, RFK Jr.
  • Iran’s Military Flex Result of Biden’s ‘Appeasement’
  • Iran’s increasingly provocative and aggressive interactions with the [Full Story] | Platinum Article
  • Meta to Lay Off Reality Labs Employees
  • Meta is planning to lay off employees Wednesday in the unit of its [Full Story]
  • Greatest Cybersecurity Threats are Unknown
  • Update frequently, and consider becoming a cybersecurity leader and [Full Story]
  • Feds Spent $3.3B on Furniture as Staff Worked Remotely
  • As the vast majority of federal employees worked from home during the [Full Story]
  • Cuellar Back at Work After Carjacking
  • U.S. Rep. Henry Cuellar of Texas was back at work Tuesday after being [Full Story]
  • Related
  • Dem Rep. Cuellar Carjacked With Gun Held to His Head in D.C.
  • Feds Fine Stanford for Not Citing Foreign Funds
  • Stanford University agreed to pay the federal government $1.9 million [Full Story]
  • Dems’ House Leader: Don’t Rescue McCarthy
  • House Minority Leader Hakeem Jeffries, D-N.Y., “definitively” pushed [Full Story]
  • New Ad: Blue-Collar Biden Will Tame Inflation
  • A new campaign advertisement for President Joe Biden focuses on his [Full Story]
  • Jamie Dimon: AI Will Cure Cancer, Extend Life to 100
  • While artificial intelligence inevitably will eliminate some jobs, it [Full Story]
  • Study: U.S. Life Expectancy Falls Behind Other Nations
  • Life expectancy in the United States is falling further behind that [Full Story]
  • Court Tosses $223.8M J&J Talc Cancer Verdict
  • A New Jersey appeals court on Tuesday threw out a $223.8 million [Full Story]
  • Utah GOP Rep. Curtis Says He Won’t Seek Romney’s Seat
  • Utah GOP Rep. John Curtis says he will not run for retiring Sen. Mitt [Full Story]
  • Bankman-Fried Never Given Plea Offer: Prosecutor
  • Sam Bankman-Fried and U.S. prosecutors never engaged in talks about a [Full Story]
  • 6M Jobs Created, More Evidence of Hot Labor Market
  • S. job openings unexpectedly rose in August, another sign the U.S. [Full Story]
  • Hunter Biden Pleads Not Guilty to 3 Federal Gun Charges
  • Hunter Biden pleaded not guilty on Tuesday to three federal firearms [Full Story]
  • Lawmakers: Hearings Needed for $22B in SSA Overpayments
  • Several lawmakers are calling for congressional hearings focused on [Full Story]
  • Striking Hollywood Actors Resume Contract Talks
  • Negotiators for striking Hollywood actors resumed contract talks with [Full Story]
  • Iran: Normalizing With Israel Is ‘Betting on Losing Horse’
  • Iran’s Supreme Leader Ayatollah Ali Khamenei said that countries [Full Story]
  • Court Reviews New Mexico’s Gun-Carry Restrictions
  • Restrictions on carrying guns in public that are tied to an emergency [Full Story]
  • Gallup: Republicans Hold 14-Point Economic Edge
  • Republicans currently hold a distinct edge looking ahead to the 2024 [Full Story]
  • 53K Las Vegas Casino, Hotel Workers in Labor Talks
  • Unions representing roughly 53,000 Las Vegas workers on Tuesday kicked off critical negotiating sessions with hotel and casino operators after its members voted at the end of September to authorize a city-wide strike…. [Full Story]
  • 3 Defense Stocks For Dividends
  • GM Q3 US Sales Surge 21% on SUV, Pickup Demand
  • Dow Sinks 438, on Track for Being in the Red for 2023
  • Banks Behind 70% Spike in Greenwashing
  • More Finance
  • Health
  • Even Short Bursts of Daily Activity Lengthen Life
  • Good news for couch potatoes – bursts of activity as short as one to three minutes in duration can prompt a steep decrease in the risk of heart attack, stroke and early death, a new study reports. Researchers tracked the activity of more than 25,000 people in the United…… [Full Story]
  • What You Should Know About Fish Oil Supplements
  • ‘High-Quality’ Carbs Control Middle-Aged Weight Gain
  • FDA Warns Against Giving Probiotics to Preemies
  • All 10 Drugs Agree to Medicare Price Negotiations

 

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