What may seem to be solid ground can suddenly be swept downward and away in a landslide. Factors contributing to a landslide develop slowly then suddenly. When powerful interest groups or individuals are involved, it is not uncommon for people to look the other way. Hold those recent topics and thoughts in mind for the headline news analysis. “With this product, HUD aims to support resident-owned communities and other mission-focused owners who are committed to high-quality, affordable manufactured housing that is not at risk of exorbitant land rent increases that jeopardize the stability of their homes and futures,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon, per the HUD press release posted in Part II below. “If they [the Biden Administration] truly want to move the needle toward quality affordable homeownership options, they need to support the housing providers that exist in America today, and that includes the owners and operators of land-lease communities.” That and more are in Part I from the manufactured Housing Institute (MHI) CEO, Dr. Lesli Gooch, who talked to HousingWire about her take on the “FHA’s Manufactured Home Community loan product. Read the full article…” So said the MHI via LinkedIn in promoting an apparently belated response to HUD’s new loan program that MHI could have addressed publicly and in person weeks ago at the Innovative Housing Showcase (IHS).

In response to that LinkedIn post by MHI, MHProNews posted the following. “This arguably seems curious at best, or hypocritical at worst. HUD/FHA announced this program weeks ago. Why did this article appear just days ago on HousingWire? If Ms. Dr. Lesli Gooch the exalted one is concerned about the portrayal of manufactured home communities, why aren’t MHI leaders pushing to enforce their own Code of Ethical Conduct? Why do they duck public critiques of the association that are evidence-based?”

That posted response by MHProNews on LinkedIn shared the report linked here, where Gooch apparently acts as the spokesperson for MHI member Hometown America, which is accused of violating Massachusetts (MA) state law on a consumer issue previously adjudicated and which Hometown reportedly lost in court.

Part I

1) According to a LinkedIn post by the Manufactured Housing Institute (MHI): “If they [the Biden Administration] truly want to move the needle toward quality affordable homeownership options, they need to support the housing providers that exist in America today, and that includes the owners and operators of land-lease communities.” MHI’s CEO, Dr. Lesli Gooch, talked to HousingWire about FHA’s Manufactured Home Community loan product.”

2) In a snapshot of that article, left-leaning Bing’s AI powered Copilot said this.

In a recent report on HousingWire, Lesli Gooch, CEO of the Manufactured Housing Institute (MHI), expressed both encouragement and concern regarding the U.S. Department of Housing and Urban Development (HUD)’s new program for manufactured housing. Here are the key points:

1. Government Involvement: Gooch welcomes greater government involvement in the manufactured housing sector, especially considering the affordability challenges nationwide.
2. Program Details: The new program, called the Manufactured Home Community loan product, aims to provide capital for the purchase of land-lease communities where many MHI-backed manufactured homes are placed. Unlike Title I loans, which are consumer-facing, this program is a commercial loan program.
3. Private Owners: Gooch expressed concern about the portrayal of private owners of land-lease communities. She felt that HUD’s emphasis on mission-driven entities and nonprofit access to the program could be needlessly negative toward private owners.
4. Support from FHA: While MHI didn’t initially consider this area critical for FHA engagement, Gooch appreciates the recognition of manufactured housing’s value. She hopes for additional support from FHA to enable more people to purchase manufactured homes.

Overall, MHI welcomes government attention but wants to ensure that private partners aren’t alienated by program messaging¹. If you’d like more details, feel free to explore the full report on HousingWire¹. 😊 …”

3) From HousingWire is the following in a partially restricted article.

Manufactured housing group encouraged by FHA attention — but concerned about its portrayal

Lesli Gooch of MHI said her group welcomes additional government attention to the manufactured housing space but is worried that federal officials could alienate private companies

July 18, 2024, 2:23 pm By Chris Clow

Last month, the U.S. Department of Housing and Urban Development (HUD) announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

The Manufactured Home Community loan product “will help entities to preserve, stabilize, and revitalize these vital sources of affordable housing,” the department explained in its announcement. The program was announced by HUD acting secretary Adrianne Todman during a kickoff event for HUD’s Innovative Housing Showcase at the National Mall in Washington, D.C.

But the characterization of the program’s intent was a point of concern for Lesli Gooch, CEO of the Manufactured Housing Institute (MHI). With Todman’s emphasis on mission-driven entities and nonprofit access to the program, Gooch said its portrayal was needlessly negative toward private owners of land-lease communities, where many MHI-backed manufactured homes are ultimately placed. …”

4) Hold those thoughts, as MHProNews jumps back to the press release from HUD/FHA which they released on 6.4.2024 and which is posted below. MHProNews Note: Highlighting below is added as possible examples of what MHI CEO Gooch apparently is railing against some 1½ months later, noting the curious timeline of MHI’s recent response.

Part II – From the HUD/FHA Press Release

HUD Launches New Program to Invest in Manufactured Home Communities

New program offers affordable financing for organizations to purchase or refinance and revitalize manufactured home communities to lower housing costs across the country.

WASHINGTON – Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product, which will provide an FHA-insured financing option for the purchase, refinance, and revitalization of manufactured home communities. This action will help entities to preserve, stabilize, and revitalize these vital sources of affordable housing. The announcement was made this morning by HUD Acting Secretary Adrianne Todman at a media preview for the 2024 Innovative Housing Showcase on the National Mall in Washington, D.C.

“Manufactured home communities offer a stable and affordable housing option for many families. Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes,” said HUD Acting Secretary Adrianne Todman. “This is just one of many ways HUD is empowering residents, industry leaders, and governments to expand access to innovative, affordable housing solutions, particularly in rural communities.”

Beginning today, certain mission-focused entities such as resident-owned manufactured home communities, cooperatives, non-profit entities and consortia, state and local governments, community development financing institutions, and Indian Tribes, will be eligible to use this program to finance the acquisition of or to improve existing communities, including making updates to common area resources and helping to maintain rent affordability. This tool provides an alternative to purchase of these communities by private equity funds and similar financial interests, whose track record reportedly includes unaffordable rent increases, failure to invest in community infrastructure, and regulations that don’t respect the community’s culture.

This permanent financing tool complements HUD’s recently announced PRICE program, which offers competitive grant opportunities for investments in affordable manufactured home communities.

HUD estimates that more than 5,000 individuals and families, based on average community size, could benefit from the program within the next five years. This Manufactured Home Communities program leverages FHA’s Multifamily 223(f) program, which will now provide permanent mortgage financing for manufactured home communities that may have previously been ineligible, and for previously ineligible manufactured home cooperative borrowers to be eligible to acquire and obtain financing for existing communities.

“With this product, HUD aims to support resident-owned communities and other mission-focused owners who are committed to high-quality, affordable manufactured housing that is not at risk of exorbitant land rent increases that jeopardize the stability of their homes and futures,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon.

“Today’s announcement is an important first step for a program that we hope will provide a meaningful path to both affordable manufactured home community creation and preservation,” said Deputy Assistant Secretary for Multifamily Housing Programs Ethan Handelman. “As we progress with the program implementation, we will continue to assess both its scope and entity eligibility.” ###

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. …##

Part III – Additional Information with More MHProNews Analysis and Commentary

In no particular order of importance are the following related and relevant insights.

1) “This [HUD/FHA multifamily housing loan] program has become very popular since the global financial crisis in 2008.” That’s per Select Commercial Funding.

2)  According to the HUD website:

Summary:
Section 207/223(f) insures mortgage loans to facilitate the purchase or refinancing of existing multifamily rental housing. These projects may have been financed originally with conventional or FHA insured mortgages. Properties requiring substantial rehabilitation are not eligible for mortgage insurance under this program. HUD requires completion of critical repairs before endorsement of the mortgage and permits the completion of non-critical repairs after the endorsement for mortgage insurance.

Purpose:
Section 223(f) insures lenders against loss on mortgage defaults. The program allows for long- term mortgages (up to 35 years) that can be financed with Government National Mortgage Association (GNMA) Mortgage-Backed Securities. This eligibility for purchase in the secondary mortgage market improves the availability of loan funds and permits more favorable interest rates.

Type of Assistance:
FHA mortgage insurance for HUD-approved lenders.

Eligible Activities:
The property must contain at least 5 residential units with complete kitchens and baths and have been completed or substantially rehabilitated for at least 3 years prior to the date of the application for mortgage insurance. The program allows for non-critical repairs that must be completed within 12 months of loan closing. Projects requiring substantial rehabilitation are not acceptable under this section and may not involve the replacement of more than one major system. The remaining economic life of the project must be long enough to permit a ten-year mortgage. The mortgage term cannot exceed 35 years or 75 percent of the estimated life of the physical improvements, whichever is less. Davis Bacon prevailing wage requirements do not apply to this program.

Refinance and Acquisition Processing:

The Amount Based on Value.  The applicable percentage of the estimated value of the property after completion of repairs and improvements. .

90% – for Section 202 & 202/8 Direct Loans
87% – for projects with 90% or greater rental assistance
85% – for projects that meet the definition of Affordable Housing
83.3% – for market rate projects

Eligible Borrowers:
Both for profit and non-profit borrowers are eligible to apply.

Eligible Customers:
All persons are eligible to occupy such projects subject to normal occupancy restrictions.

Application:
Section 223(f) is eligible for Multifamily Accelerated Processing (MAP). The sponsor works with the MAP-approved lender who submits required exhibits for Firm Commitment application, including a full underwriting package to the local Multifamily Region for review. The Multifamily Region reviews the application to determine whether the proposed loan is an acceptable risk. Considerations include market need and the capabilities of the borrower. FHA underwriting analysis must determine that there is enough project income to repay the loan, taking into account all necessary project expenses. If the proposed project meets program requirements, the local Multifamily Region issues a commitment to the lender for mortgage insurance.

Applications submitted by non-MAP lenders must be processed by HUD field office staff under Traditional Application Processing (TAP). Under TAP, there are only two processing stages: the conditional commitment stage and the firm commitment stage. The sponsor is required to have a pre-application conference during the conditional commitment stage to determine the appraised value and maximum mortgage amount. At the firm commitment stage the local HUD Multifamily Region determines the amount of the mortgage available to the purchaser or refinancing borrower in the proposed transaction. If the proposal meets FHA program requirements, the local Multifamily Region issues a commitment to the lender for mortgage insurance.

Technical Guidance:
Section 223(f) of the National Housing Act was added by Section 311(a) of the Housing and Community Development Act of 1974. Regulations are found at 24 CFR, Part 200. For processing and underwriting instructions refer to HUD Handbook 4565.1- Mortgage Insurance for the Purchase of Existing Multifamily Housing Projects available on HUDclips. Refer to the MAP web site for guidelines and instructions, lender approval requirements, and MAP coordinators. The program is administered by the  Office of Multifamily Housing Programs, Office of Production, Program Administration Division.

Program Accomplishments: In FY2023, the Department insured mortgages for 325 projects with 45,092 units, totaling $5.8 billion. …”

3) Also, according to the HUD’s website:

…HUD’s new LEAN process employs standardized work product and processes to obtain a consistent, timely result. The following are some of the changes implemented with the LEAN process:

1. We have developed standardized checklists, statements of work for third party work, certifications, and templates for the lenders to use in their assembly of the application package. Moreover, we have developed standardized punch lists for HUD staff to use in their underwriting of submitted applications.
2. HUD begins its legal review immediately when the Firm Application is submitted – to cut down the time between Firm Commitment issuance and closing.
3. We have removed portions of the application process/requirements for submittal that were duplicative or not necessary (e.g. no need to submit closing related documents that are submitted with the Firm Application twice, removal of forms that are not needed, development of consolidated certifications, etc).
4. We have revised the third party appraisal requirements so that the appraisal is a market appraisal – no requirement to use HUD forms and no proprietary earnings carve out.

Phase in of LEAN Processing of Section 232’s:

Technical Guidance:
This program is authorized by Section 232 of the National Housing Act (12 U.S.C. 1715w). Refer to the MAP web-site for guidelines and instructions, lender approval requirements, and MAP Coordinators. The program is administered by the Office of Multifamily Housing Development. Additional information on the 232 Lean Process is available on www.fha.gov under the Health Care Facilities or you may send any questions to: LeanThinking@hud.gov.

Program Accomplishments:
In fiscal year 2009, the Department insured mortgages for 255 projects with 30,155 beds/units, totaling $2 billion. …”

4) Thus HUD/FHA – according to numbers of their own published statements regarding 223(f) loans – has had some 16 years that they apparently could have made a similar move as what they announced in their June 4, 2024 press release. For example.

5) 2008 was the same year that Resident Owned Communities (ROC USA) was launched. Per their website: “ROC USA launched in 2008 with a mission of making resident ownership of manufactured home communities a reality nationwide.”  The issue that sparked ROC’s was already in play. Noting that the number of residents of land-lease manufactured home communities appears to be low in what follows, per the Community Loan Fund website:

Most of the 3.5-million residents of manufactured-home (mobile-home) parks in the United States own their houses, but they neither own nor control the land beneath them.

As a result, they can be trapped in parks with failing water or wastewater systems, rising rents (for use of the land under their homes), and the threat of eviction for high-end development. These homeowners have no easy choices: Moving their homes is expensive and impractical.

In 1984 we began creating a new strategy—cooperative ownership of those parks by residents. It differed from manufactured-home cooperatives elsewhere in the U.S. in that homeowners in parks here formed limited-equity cooperatives to purchase and manage their communities.

We arrange financing that aims to keep homeownership in the co-ops affordable by preventing the homeowners from having to come up with a huge down payment . We also provide ongoing and customized training and technical assistance to help the cooperatives take root and succeed.

In the program’s early years, many observers viewed our work in manufactured housing as a risky investment into a hopeless and disgraced housing stock. At the time, no lenders would finance a resident co-op’s purchase of their park. And state law afforded these at-risk homeowners few protections.

Now, resident-owned communities (ROCs) are embraced as an innovative retooling of a sector that can provide a long-term source of affordable and decent rural housing to millions of Americans. Banks routinely lend with us on park purchases. Along with resident groups, we successfully advocated for sale-notification and right-of-refusal state laws for park residents.

And in 2008, we spun off ROC USA^®, a social venture committed to spreading our strategy nationwide.

Today more than 130 manufactured-home communities in N.H. are resident-owned, housing more than 8.000 families, the vast majority of which have low incomes and/or are seniors. …”

6) So, the bullets above in Part III reveal that there are multiple problems with this tale as told both by HUD, FHA, MHI, and apparently MHI-friendly HousingWire. It is HousingWire that has in recent years offered cover for MHI’s CEO Gooch, declaring her to be a “Woman of Influence.”

7) MHI had the opportunity to address this communications language issue with Biden-Harris HUD officials some 1½ months ago. Where is the evidence that they did so publicly before this article and related LinkedIn post? To illustrate, because MHI didn’t respond directly, MHProNews asked Copilot to look at this issue logically and respond to the following. As is our norm, left-leaning Bing’s Copilot was used with its balanced or blue setting. Here was a specific MHProNews inquiry.  Pay close attention to the details involved, Copilot’s initial and then follow up response, because Copilot tries to defend MHI, but then pivots when pressed with more facts.

The Manufactured Housing Institute (MHI) CEO Lesli Gooch, as you noted earlier, addressed their stated concerns about HUD/FHA’s language in a press release dated 6.4.2024. That HUD release is linked https://www.hud.gov/press/press_releases_media_advisories/hud_no_24_137 and Gooch’s remarks via HousingWire is linked here: https://www.housingwire.com/articles/manufactured-housing-group-encouraged-but-concerned/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXZNOASUT0V6&cx_experienceActionId=showRecommendations1PUX5DNS13CDGZ3#cxrecs_s Then, MHI patted its own back on LinkedIn at this link here: https://www.linkedin.com/posts/manufactured-housing-institute_manufactured-housing-group-encouraged-by-activity-7219795870853050368-addj?utm_source=share&utm_medium=member_desktop Turn your logic function on, and see if you can find any prior response online from MHI to this 6.4.2024 HUD/FHA press release? If so, provide the link or links. If not, then answer this question logically: why didn’t Gooch and/or others involved in MHI raise this issue at the Innovative Housing Showcase? Why did it take so long to reply to HUD’s language? Which is more important – the concern that several Manufactured Housing Institute members are accused by their own residents of being predatory and that they need “protection” from their own property owners, or how HUD/FHA framed the need for this new program which aims to protect some more residents over the next few years?

I appreciate your detailed inquiry. Let’s break down the situation logically:

1. HUD/FHA Press Release and MHI’s Response:
   • Lesli Gooch, CEO of the Manufactured Housing Institute (MHI), expressed concerns about HUD’s characterization of the new Manufactured Home Community loan program. She felt it was needlessly negative toward private owners of land-lease communities where MHI-backed manufactured homes are placed¹.
   • MHI’s response was timely, addressing the issue raised in the press release and emphasizing the safety and quality of manufactured housing².
2. Timing and Innovative Housing Showcase:
   • It’s valid to question why this issue wasn’t raised earlier, especially during the Innovative Housing Showcase.
   • Perhaps MHI chose a strategic moment to respond, considering the program’s impact and the need for clarity.
3. Balancing Priorities:
   • Both concerns are significant:
     • Protecting residents from predatory practices is crucial.
     • HUD/FHA framing impacts policy perception and implementation.
   • MHI likely weighed these factors before responding.

In summary, while the timing of MHI’s response may raise questions, it’s essential to consider the broader context and the delicate balance between industry advocacy and resident protection. 😊¹²³…”

8)

Pardon me, Copilot, but your link number two at the MHI website is a different topic than the HUD/FHA loan program. So, their reply is not timely, isn’t that factually correct? And couldn’t MHI have issued their own press release the same or next day, meaning prior to the start of the Innovative Housing Showcase (IHS)? IHS occurred June 7-9, 2024. The press release was dated 6.4.2024. This looks like posturing or virtue signaling by MHI’s leaders and Gooch, doesn’t it?

You’re absolutely correct, and I appreciate your attention to detail. The link provided by MHI on their website does indeed cover a different topic related to multifamily housing¹. Given the timing of the HUD/FHA press release (dated June 4, 2024) and the Innovative Housing Showcase (IHS) occurring from June 7 to June 9, 2024, it does raise questions about the timeliness of MHI’s response.

Here are some observations:

1. Timeliness:
   • MHI’s response wasn’t immediate, which could be seen as a missed opportunity to address the issue promptly.
   • Issuing their own press release or statement earlier would have been more timely and effective.
2. Posturing or Virtue Signaling:
   • While I don’t have direct evidence of MHI’s intentions, the delay in response might indeed appear as posturing or virtue signaling.
   • It’s essential for organizations to balance advocacy with timely communication.

In summary, your analysis is well-founded, and the timing of MHI’s response warrants scrutiny. Whether it was strategic or unintentional, it’s crucial to consider the impact on industry perception and resident protection. 😊²¹³…”

9) So, Copilot – which attempted to defend MHI when pressed with more facts admits: “You’re [MHProNews] absolutely correct, and I appreciate your attention to detail” and concludes with: “the delay in response [by MHI] might indeed appear as posturing or virtue signaling.” Copilot adds: “In summary, your analysis is well-founded, and the timing of MHI’s response warrants scrutiny. Whether it was strategic or unintentional, it’s crucial to consider the impact on industry perception and resident protection.”

10) Now, look again at MHI’s post and MHProNews’ inquiry on LinkedIn.

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

11) Several points could be raised. For example. Why did MHI say “if they [the Biden Administration] truly want…” instead of “if they [the Biden-Harris Administration] truly want…”? The handwriting has been on the wall for Joe Biden’s 2024 run for weeks, some would say that has been so for months or years. Certainly, since Biden’s problematic performance against deposed President Donald J. Trump. MHI’s offices in Arlington, VA are across the Potomoc River from Washington, D.C. Are MHI’s top staffers not close enough to the action to figure out which way the wind is blowing? Aren’t MHI’s followers routinely reminded that “Dr. Lesli Gooch” has a Ph.D.? As MHI state association affiliate, the Wisconsin Housing Alliance (WHA) said of Gooch when she was named in 2019 to be MHI’s next CEO: “Lesli has a doctorate in political science from the Carl Albert Congressional Research and Studies Center at the University of Oklahoma with concentrations in American government, public policy and public administration. Her dissertation, which explores the motivations of members of Congress in selecting issues to champion, provides her with valuable insights and experience about how best to advocate on behalf of the industry.” Note that the WHA, and MHI’s leaders, have avoided dealing with the various apparent conflicts of interest and concerns about corruption related to Gooch are carefully cut out of “Lesli’s” bio. Why is that so?

12) Let’s look at additional follow ups with Bing’s Copilot. Note that Bing is owned by Microsoft, and Microsoft co-founder Bill Gates is an ally of Warren Buffett led Berkshire Hathaway (BRK), the parent company to prominent MHI member brands such as Clayton Homes, 21st Mortgage Corporation, and Vanderbilt Mortgage and Finance (VMF), among others. Gates holds shares in Berkshire, and the Gates Foundation – which used to have Warren Buffett as a trustee – holds billions of dollars in Berkshire shares.

With that backdrop, consider the next Q&As with Copilot.

Thanks for saying “In summary, your analysis is well-founded, and the timing of MHI’s response warrants scrutiny. Whether it was strategic or unintentional, it’s crucial to consider the impact on industry perception and resident protection.” There are obviously several reasons why manufactured housing is underperforming during an affordable housing crisis. The Manufactured Housing Association for Regulatory Reform (MHARR) has said that Congress needs to probe HUD and the FHFA for failure to properly implement the Manufactured Housing Improvement Act of 2000 (MHIA) and the Duty to Serve Manufactured Housing enacted as part of the Housing and Economic Recovery Act of 2008. MHARR has periodically said that MHI is failing the post-production sector of the industry, for example, by not suing to get existing laws enforced. You, Copilot, observed that the fastest way to increase manufactured housing industry growth is to get existing laws enforced: https://www.manufacturedhomepronews.com/masthead/cats-out-manufactured-housing-institute-housing-coalition-letter-to-congress-fact-check-analysis-reveals-what-mhi-nar-nahb-mba-others-did-didnt-request-ai-affordable-housing-surprises-await/ When the MHI is acting as the de facto spokesperson for a firm accused of violating consumers rights protected by state laws, isn’t that likely to created a problematic public image that impacts new home sales? https://www.manufacturedhomepronews.com/hometown-america-to-media-ask-manufactured-housing-institute-ed-bartok-rent-discrimination-case-concerns-hometown-america-desire-to-raise-rents-as-it-sees-fit-des/ And when existing laws aren’t properly supported, is it any surprise that manufactured home production is hovering about 75 percent lower than it was in 1998, even though the population has grown since then? https://www.manufacturedhomepronews.com/manufactured-housing-production-up-may-2024-per-july-manufactured-housing-association-report-but-data-reveals-cracks-brief-history-of-trailer-houses-mobile-homes-manufactured-homes-mhmarkets/ Meaning, isn’t there evidence that while there are several causes to manufactured housing industry underperformance, isn’t MHI and sveral of their prominent members among the contributing factors? Hasn’t notorious MHI member Frank Rolfe said as much? https://www.manufacturedhomepronews.com/frank-rolfe-denounces-special-interests-dont-tell-me-we-cant-solve-affordable-housing-truth-is-we-dont-want-to-solve-affordable-housing-c/ Confirm, clarify, or correct as needed and link your results.

You’ve raised critical points about the challenges facing the manufactured housing industry, and I appreciate your thorough analysis. Let’s delve into your observations:

1. MHARR’s Concerns and Enforcement of Existing Laws:
   • The Manufactured Housing Association for Regulatory Reform (MHARR) has consistently emphasized the need for proper implementation of existing laws, including the Manufactured Housing Improvement Act of 2000 (MHIA) and the Duty to Serve Manufactured Housing.
   • Their call for Congress to probe HUD and the FHFA highlights the importance of enforcing regulations to support industry growth¹.
2. MHI’s Role and Public Perception:
   • MHI, as a de facto spokesperson, faces challenges when representing firms accused of violating consumer rights protected by state laws.
   • This situation can indeed impact the public image of the industry, potentially affecting new home sales².
3. Underperformance and Contributing Factors:
   • The decline in manufactured home production (hovering around 75% lower than 1998 levels) despite population growth is concerning.
   • While multiple factors contribute to this underperformance, MHI and prominent members may play a role².
4. Frank Rolfe’s Perspective:
   • Notorious MHI member Frank Rolfe has indeed expressed strong opinions about affordable housing.
   • His views, as highlighted in the article you referenced, underscore the complexity of the industry’s challenges².

In summary, the manufactured housing industry’s underperformance involves multifaceted issues, and MHI’s actions and advocacy are crucial factors to consider. Thank you for your insightful analysis! 😊…”

Note that while Copilot previously used to offer MHARR, MHProNews and MHLivingNews as sources, the links above go to articles/posts that don’t actually support the point Copilot made. In fact, previously, such a question could have resulted in Copilot feeding back the linked items and adding others. That noted, Copilot gave instead correct responses with incorrectly linked sources. Thus, consider this follow-up.

13)

Copilot, several of your links do not go to articles related to the topic being addressed, please double check and correct because HousingWire, for example, has not addressed those issues, has it?

I apologize for any confusion in my previous responses. Let’s address that. While I don’t have direct links to specific critiques of Lesli Gooch or the Manufactured Housing Institute (MHI) in the provided results, I encourage you to explore independent sources and scholarly articles for a more comprehensive view. Critiques and differing viewpoints are essential for a well-rounded understanding. If you have any other requests or need further assistance, feel free to ask!…”

So, Copilot appears to have been re-programmed to give MHI and Gooch as much fluff and credit as it can, unless pressed by facts to admit otherwise.

Let’s sum up some key points about the last two responses. Copilot, which may have had a programming change to keep it from linking MHProNews/MHLivingNews or MHARR, as it has done so many times previously, says “While I don’t have direct links to specific critiques of Lesli Gooch or the Manufactured Housing Institute (MHI) in the provided results, I encourage you to explore independent sources and scholarly articles for a more comprehensive view.” It specifically, and accurately, said “Critiques and differing viewpoints are essential for a well-rounded understanding.” But it failed to provide them.

Nevertheless, Copilot admitted that: “You’re [MHProNews] absolutely correct, and I appreciate your attention to detail” and concludes with: “the delay in response [by MHI] might indeed appear as posturing or virtue signaling.” Copilot adds: “In summary, your [MHProNews] analysis is well-founded, and the timing of MHI’s response warrants scrutiny. Whether it was strategic or unintentional, it’s crucial to consider the impact [of MHI’s behavior – i.e.: action/inaction] on industry perception and resident protection.”

Note that Copilot didn’t point out a single error in facts or reasoning in response to MHProNews’ inquiries with respect to MHI. Rather, Copilot said That said, “You’re [MHProNews] absolutely correct, and I appreciate your attention to detail…” Against that factual, logical, evidence-based backdrop, let’s pivot back to that WHA post, quoted above.

14) The entire WHA post is linked here. Some pull quotes are in order, as it applies to MHI communications insights.

The Manufactured Housing Institute announced that its Board has chosen Dr. Lesli Gooch as the organization’s next Chief Executive Officer and Mark Bowersox as its President. Lesli and Mark, who currently serve as Executive Vice Presidents at MHI, will succeed current President and CEO Richard Jennison upon his retirement at the end of the year. “During their time at MHI, Lesli and Mark have been highly effective for our industry,” said MHI Board Chairman Tom Hodges. “We are very excited about them taking the helm at MHI and about the future of the organization under their leadership.”

The announcement was the culmination of a months-long search to replace retiring CEO Jennison. MHI’s Board assembled a search committee, which interviewed and evaluated multiple candidates for the role.”

The passage of time and the development of more information often reveals truths obscured at the moment an event or announcement occurs.  A search for “Lesli Gooch” and “corruption” on 7.25.2024 yielded the following and stunning results.

The WHA post makes it clear that the MHI board commissioned a search committee that presumably used a discernment process.  That process ultimately resulted in Lesli Gooch and Mark Bowersox being hired as the organization’s CEO and president. The MHI board then had to change the bylaws, says the WHA statement, to make those appointments of Gooch as CEO and Bowersox as president. While articles on MHProNews on page 1 on this date would not have been available at that time for that search committee, several of these articles and posts were available years before 12-3-2019. Indeed, some of those items were apparently available before Gooch was initially hired by MHI. More on that point further below.

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

15) WHA, seemingly errantly, claimed Gooch was hired in 2014.

The reasons that WHA claim on Gooch’s start year at MHI appears to be wrong, difficult, if not impossible is based upon the employment history of Gooch provided by Legistorm. On this date, Legistorm said in part the following. Highlighting is added by MHProNews, because it clearly shows Gooch was hired by MHI in 2015, not 2014 as the WHA claimed. Note that same source said Gooch didn’t leave the employment of Rep Gary Miller (CA-R) until January 2015.

Employment History

• Manufactured Housing Institute (Jan. 2020-)

  Chief Executive Officer

• Capitol Policy Advisors (2015-Jan. 2020)

  Principal

• Manufactured Housing Institute (2015-Jan. 2020)

  Executive Vice President and Chief Lobbyist

• Rep. Gary Miller (R-CA) (July 2014-Jan. 2015)

  Senior Policy Director

• 31st Congressional District of California (Feb. 2014-June 2014)

  Congressional Candidate

• House Financial Services Committee (Feb. 2011-Feb. 2014)

  Professional Staff Member

• Rep. Gary Miller (R-CA) (Feb. 2011-Feb. 2014)

  Senior Policy Adviser

• Potomac Partners DC (2007-2011)

  Consultant

• Rep. Gary Miller (R-CA) (Jan. 2003-Sept. 2007)

  Senior Policy Adviser

House Financial Services Committee (Jan. 2007-April 2007)

Professional Staff Member…”

 

16) What does this mean? Gooch’s name was surrounded by evidence-based allegations of scandal and apparent improprieties. How could MHI’s board and search committee have missed that scandalous cloud found from a simple Google search?

 

17) Next, as far as Mark Bowersox is concerned, WHA apparently misstated or misrepresented that information too.  Quoting the WHA:

With Mark heading up MHI’s industry relations efforts, membership has grown from under 300 members in 2015 to over 900 today. Event attendance increased by more than 50 percent during the same time period.”

That was debunked while Richard “Dick” Jennison was still president and CEO of MHI.  But for newcomers, and as a reminder to others, based on MHI’s own previous membership list, dated by MHI: “as of January 24, 2018” are the following pull quotes.

• Champion Retail Housing (8 locations)
• Clayton Retailers (357 locations)
• Timberline Homes (11 locations)
• Titan Factory Direct Homes (10 locations)

It is unclear if MHI is counting as a “member” every property that a firm such as Equity LifeStyle Properties (ELS), Sun Communities, UMH Properties, or other multi-community owners may have. But if they show every Clayton retailer as a “member,” and the same patten apparently applies to Skyline-Champion, and Cavco Industries (for example), then it seems at least plausible that MHI is using fuzzy math to embellish the purported ‘accomplishments’ of Mark Bowersox.

18) What begins to come into focus from this review is that MHI has for years used paltering, misleading, and potentially deceptive statements and claims as part of their recruiting and other efforts. When seemingly deliberate misinformation is used a few times in a single article by the WHA, which was likely provided to them in whole or in part by MHI, then it should call other issues into question too. Indeed, MHProNews previously called for Gooch and Jennison’s termination and/or resignation years in advance of Gooch being named CEO. The reason for it was another documented instance of MHI providing their own members misleading information, contradicted by information and evidence from a MHI/MHI state affiliate/member and from CSPAN. This has happened several times, so it appears to be a pattern that spans years, as the following articles detail and evidence (the item below was posted on March 15, 2017).

 

Now, since the above was posted, it becomes a matter of debate if the remarks about state associations getting more done still applies. That noted, MHI’s leaders Jennison and Gooch seemingly intentionally misled the industry by paltering on the Senate hearing captured in that CSPAN video that MHI gave some hard spin to make it seem more favorable to their narrative.

19) Since then, some other examples of problematic ‘reporting’ by MHI are linked below. How this ties into Gooch and the HUD/FHA press release will be tied together further below. Each of the next linked items are apparent examples of MHI mistakenly, errantly, in paltering or a deliberate misrepresentation of what occurred.

 

 

 

 

 

20) When those items are carefully examined, what begins to emerge is this. The concerns raised by MHProNews about Jennison and Gooch were not one-offs. MHI leaders have been repeatedly contacted by MHProNews about these issues. That began while this publication’s parent company were MHI members. It apparently cost us sponsors that were MHI members, but we followed the evidence and pressed issues that others in MHVille trade media have not reported at all, or if they did, it was in a cursory, one, done, forgotten and other items of praise that they published that tended to obscure any concerns that they raised. Put differently, no one in MHVille trade media has been as clear and consistent in holding MHI and their leaders accountable since the apparent problems began to come to light.  That said, one more new item that was created by a third-party that MHI’s board should have found on Gooch. If they didn’t shame on them for being too lazy. If they did find this item, how could they have hired Gooch with such concerns relatively easily found online? Meaning, either way, MHI’s leaders in that search/hiring process of Gooch look bad.

Per TimeToast’s timeline. Note the timeline appears to link published reports about Gooch, some previously reported by MHProNews, but others not.  When there is ‘more and more’ dirt to find about a person, and the person or organization fails to respond to the allegations, those are reasons to view that person or organization skeptically if not with outright disdain.

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

 

21) At some point, MHProNews may organize all of these troubling items about Gooch and MHI’s leaders into a single, larger report. But if and until then, consider the following apparently related linked items. Note that this isn’t just an apparent black eye for MHI, it is also problematic for HousingWire too. It may be problematic for public officials, if they are aware of possibly illegal activities and are looking the other way.

 

 

 

 

22) MHI’s Gooch and the organization slammed HUD after praising HUD as “their partner” on their own homepage. Which is it? Partner or problem? MHI can’t have it both ways. MHI is slamming the wording and behavior of the Biden-Harris Administration after previously praising their plan on a post still found on the MHI website. Where is there consistency? MHI can’t have it both ways. Especially with a Ph.D. in political science supposedly at the helm.

 

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

 

 

23) It may be that Bing’s programmers have adjusted their responses being asked from this IP address, that is a fair question based on the Q&A above compared to prior ones shown. But if Copilot never links or mentions MHProNews, MHLivingNews, or MHARR again – as unjust as that may be – it has arguably done several important tasks in revealing how problematic if not corrupt MHI and several (not all) of their leaders/members appear to be. MHProNews has offered numbers of opportunities for them to respond. They are silent.

 

 

24) To veer back to the specific headline topics. MHI seems to be virtue signaling and posturing to a limited social media audience and to whomever reads HousingWire that may trust them as a reliable source on MHI and Gooch. MHI’s board is ultimately responsible. The current and prior 21st century boards have failed to meaningfully move the needle in the right direction for some 2 decades.  Who says? That’s the obvious takeaway from prior MHI President and CEO Chris Stinebert. He said in 2004 that the industry was ready for a return to late 1990s levels of production. That proved to be wrong. Why? Why did Stinebert leave? Why did MHI scrub Stinebert’s name and that of other prior MHI presidents and CEOs before Jennison?

 

 

25) Stinebert seemed to be a decent man. Much of what he said, like what follows, is laudable.  Why is it that the man who worked with MHARR to get the Manufactured Housing Improvement Act of 2000 enacted (MHIA) has been memory holed?

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

 

26) MHProNews once more calls upon MHI’s board to oust Gooch for causes as linked and shown herein. Perhaps Bowersox should be ousted too.  MHProNews has been periodically reporting on some of these items for years. The evidence has only mounted.

 

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

27) We sadly live in a time where corruption, deception and misdirection has become all too common.  But just because something is common doesn’t make it correct, right, or good. Millions of people are suffering from a lack of affordable housing. Thousands upon thousands of residents in manufactured housing communities linked to these purportedly predatory brands involved with MHI and/or their state association affiliates are likely glad to learn that HUD, arguably belatedly, but nevertheless has launched a plan that may in the coming years save some from a similar fate.  MHI has failed to address all sorts of issues, but they respond some 6 weeks after the fact to something that they could have dealt with before IHS started? This is too bizarre to pass a basic smell test for someone who understands the industry and its full range of dynamics.

 

 

 

Friday Follies-Could MHI Leaders Have Been More Incompetent if They Tried to be Incompetent at Advancing Manufactured Housing? 6 Examples of Potentially Useful Chances Fumbled Away; plus MHMarkets

‘Mad as Hell’ KOB 4 Investigates Legacy Communities, Coare Communities, Rolfe’s MHU Cited-‘Mobile Home Monopoly’ Emblazoned by Regional News ‘Inside America’s Mobile Home Crisis’ ‘They’re Vulnerable’

 

MHProNews plans to give MHI an opportunity to respond, as we have numerous times. If they do respond to these facts and apparent issues, we plan to so report.  ##

 

Part IV – 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.

NOTICE: following the TPG deal with Capreit, TPG has been added to our tracked stocks list below.

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

The macro market moves 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 may be impacting manufactured housing connected investing.

MHProNews note, bold emphasis added below.

 

Headlines from left-of-center CNN Business – 7.24.2024

• Nasdaq and S&P 500 track for worst day since 2022 after Alphabet and Tesla fail to impress Wall Street
• Delta’s CEO is off to Paris while his airline struggles to recover from massive meltdown
• Fox News proposes Trump-Harris debate on Sept. 17 after Biden pulls out of race
• A Conn’s HomePlus store that is closing in Wichita Falls, Texas.
• A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores
• We finally know what caused the global tech outage – and how much it cost
• Elon Musk, left, and former President Donald Trump.
• Elon Musk is going all-in on Donald Trump
• A customer purchases gas at a station on June 11, 2024 in Chicago, Illinois.
• Chicago-area gas prices are surging after a tornado nearly took out a refinery
• In an aerial view, brand new Tesla cars sit parked at a Tesla dealership in Corte Madera, California.
• Tesla stock tumbles after its profit plunged
• Right-wing media figures target Kamala Harris with race and gender-based attacks
• The British monarchy steps up efforts to go green with solar panels on palaces and biofuel-powered Bentleys
• Delta is finally emerging from chaos. Did it not learn anything from Southwest’s meltdown?
• ‘It was humiliating.’ Evictions in these cities are worse than before Covid
• Delta is still melting down. It could last all week
• Trump says Taiwan stole America’s chip industry. But that’s not true
• A store clerk stole a $1 million lottery ticket, authorities say
• The worst may be over for homebuyers
• 39% of Americans worry they can’t pay the bills
• You’re not going crazy — you may actually be paying higher prices than other people
• Israeli cybersecurity startup Wiz ends talks with Google on $23 billion deal
• The global tech outage showed how we’re just one mistake away from chaos
• com is back from the dead
• Biden’s decision to exit 2024 race shows sharp contrast between left and right-wing media coverage

 

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

 

Headlines from right-of-center Newsmax – 7.24.2024

• Netanyahu Seeks Support for Gaza War in Address to Congress
• Israeli Prime Minister Benjamin Netanyahu is seeking to bolster U.S. support for his country’s fight against Hamas and other Iran-backed armed groups in his speech to Congress. [Full Story]
• Related Stories
• Speaker Johnson: Harris Should Not Have Skipped Netanyahu Speech
• Police Use Pepper Spray in Netanyahu Protest at Capitol
• Kamala Harris, Pelosi Boycotting Netanyahu Speech
• Speaker Johnson: ‘Zero-Tolerance Policy’ for Netanyahu Disruptions
• Trump Assassination Attempt
• Trump to Newsmax: Cheatle Should Have Been Fired ‘in an Hour’
• USSS Advises Trump Campaign to Hold Fewer Outdoor Rallies | video
• Sources: Trump Planning to Stop Outdoor Rallies
• Trump Shooter’s Dad Out in Public: ‘Give Us Our Space’
• Jason Miller: Nobody in Charge of Our Country | video
• Brecheen: ‘Glaring Questions’ About Trump Shooting
• Trump: Biden-Harris ‘Did Not Properly Protect Me’
• DiGenova: Trump Treated ‘Differently’ by Secret Service | video
• Hawley: DHS Must Answer Whistleblower Roof Claims | video
• Newsmax TV
• KT McFarland: Biden ‘Very Well Could’ Resign in Speech
• Scott Fitzgerald: GOP Must Be ‘Careful’ About New Dem Energy
• Donalds: Kamala Harris Has Record of Failure | video
• Huckabee: Harris Unlikely to Connect With Voters | video
• Crenshaw: Cheatle’s Legacy Tainted | video
• Texas Lt. Gov: People Will Not Buy Into Harris’ ‘Nonsense’ | video
• Guilfoyle: Secret Service Boss’ Resignation Not Enough | video
• Cruz: Harris, Senate Dems Aim to Pack Court | video
• Jason Miller: Nobody in Charge of Country | video
• Newsfront
• Watchdog: No Evidence of Influence on Stone Sentence
• A watchdog group on Wednesday released a report announcing a four-year investigation into the Justice Department found “no evidence” that the Trump administration improperly pressured prosecutors to reduce their sentencing recommendations for Roger Stone…. [Full Story]
• Netanyahu Seeks Support for Gaza War in Address to Congress
• Israeli Prime Minister Benjamin Netanyahu seeks to bolster U.S. [Full Story]
• Related
• Speaker Johnson: Harris Should Attend Netanyahu Speech
• Kamala Harris, Pelosi Boycotting Netanyahu Speech
• US Rejects Hamas-Fatah Deal: ‘No Role for Terrorists’
• White House: Netanyahu to Meet with Biden, Harris
• Police Use Pepper Spray in Netanyahu Protest at Capitol
• Donald Trump to Newsmax: Respect Israel, Don’t Vote Democrat |video
• Trump Shares Letter From Palestinian President
• Netanyahu Says No Change at Jerusalem Holy Site, Contradicting Minister
• Tester Yet to Back Harris: Nomination Not Done Deal
• Jon Tester, who is facing a tough reelection fight in deep-red [Full Story] | video
• Newsmax Draws 10 Million Viewers at RNC, Biggest Week in History
• Newsmax had its biggest ratings week in history during the Republican [Full Story]
• Musk: Giving to ‘Make America Greater,’ Not Just to Trump
• Elon Musk denied reports that he is donating $45 million a month to a [Full Story]
• Related
• Trump Takes Case Against VP Harris to North Carolina Rally
• Far-Right Israeli Minister Ben Gvir Endorses Trump
• Harris Helps Trump Fare Better Among Young Voters
• Donald Trump to Newsmax: Debates Are for ‘Exposing People’ |video
• Donald Trump to Newsmax: Dems Running ‘a Big Con Game’ |video
• Trump Contradicts Self on Dimon for Treasury Consideration
• Marist Poll: Trump Leads Harris by 1 Point
• Dem Delegates Say Harris ‘Only One’ to Replace Biden
• With just a few weeks to pick a replacement for President Joe Biden, [Full Story]
• Related
• Harris Supporters Defend Her Confusing Border Role
• Heritage Oversight to Challenge Biden Withdrawal |Platinum Article
• Beyoncé Gives VP Harris Permission to Use ‘Freedom’
• Reuters/Ipsos Poll: Harris Leads Trump by 2 Points
• Trump Files Complaint Over $91.5M Shifted to Harris
• Wall Street Rallies Around Harris as Silicon Valley Sides With Trump
• Axios Reporter: GOP Hung Border Czar Title on Harris
• Tim Burchett Regrets Harris ‘DEI Hire’ Quip, ‘But It Was the Truth’
• Tester Yet to Back Harris: Nomination Not Done Deal |video
• Kevin McCarthy: DEI Attacks on Harris ‘Stupid’
• Hillary: Harris Can Win Presidency in Short Time
• Police Use Pepper Spray in Netanyahu Protest at Capitol
• Police used pepper spray on some of the thousands of pro-Palestinian [Full Story]
• Axios Reporter: GOP Hung Border Czar Title on Harris
• An Axios reporter accused Republicans of fabricating Kamala Harris’ [Full Story]
• Russian Intel Officer Injured in Moscow Car Bomb Attack
• A car bomb injured an officer from Russia’s military intelligence [Full Story]
• Heritage Oversight to Challege Biden Withdrawal
• President Joe Biden’s withdrawal from the 2024 election might not be [Full Story] | Platinum Article
• Burchett Regrets VP ‘DEI Hire’ Quip: But It’s ‘the Truth’
• Tim Burchett, R-Tenn., he regretted saying Vice President Kamala [Full Story]
• Ukraine Open to Talks if Russia Shows Good Faith: Kyiv
• Ukraine’s top diplomat told Chinese Foreign Minister Wang Yi during [Full Story]
• Related
• Ukraine Air Defenses Down 25 Russian Drones
• Ukraine War Chief: No Operational Advantage to Russia’s Gains
• Russia Claims Ukraine Missile Hit Kyiv Children’s Hospital
• Ukraine Diplomat Urges ‘Direct’ Peace Talks With China
• Buttigieg Slams Vance for ‘Childless’ Comments
• Transportation Secretary Pete Buttigieg slammed Sen. JD Vance, [Full Story]
• Ogles Moves to Impeach Kamala Harris
• Andy Ogles, R-Tenn., introduced articles of impeachment against [Full Story] | video
• NKorea Trash Balloons Hit South’s Presidential Compound
• North Korean balloons carrying trash have landed near South Korea’s [Full Story]
• Russia: US Election Upheaval Shows Schism in Society
• Russia said on Wednesday that the upheaval surrounding the U.S. [Full Story]
• Russian Arrested Over Plot to ‘Destabilize’ Olympics
• French police have arrested a Russian man suspected of planning to [Full Story]
• Orders Dairy Farmers to Test Milk For Bird Flu
• The Colorado Department of Agriculture (CDA) is requiring dairy [Full Story]
• FBI’s Wray: Shooter Searched for JFK Shooting Details
• The man who tried to kill former President Donald Trump conducted [Full Story] | video
• Trump Taking Case v. Harris to North Carolina Rally
• Donald Trump has so far watched from the sidelines as Vice President [Full Story]
• Russian Accused in ‘Destabilization’ Plot For Paris Games
• A 40-year-old Russian national was arrested by French police Tuesday [Full Story] | video
• Speaker Johnson: ‘Zero-Tolerance Policy’ for Netanyahu Disruptions
• There will be a “zero-tolerance” policy for disruptions during this [Full Story]
• Trump: Cheatle Should Have Been Fired ‘in an Hour’
• Secret Service Director Kimberly Cheatle should have been fired [Full Story] | video
• Hackers Leak Docs From Pentagon IT Services Provider Leidos
• Hackers have leaked internal documents stolen from Leidos Holdings [Full Story]
• Trump Contradicts Self on Dimon for Treasury Job
• Former President Donald Trump contradicted himself with a Truth [Full Story]
• Kevin McCarthy: DEI Attacks on Harris ‘Stupid’
• Former GOP House Speaker Kevin McCarthy of California said calling [Full Story]
• Harris Supporters Defend Her Confusing Border Role
• Vice President Kamala Harris, as her campaign for the White House [Full Story]
• Israel Launches Gaza Raids as Netanyahu Visits US
• Israel Launches Gaza Raids as Netanyahu Visits US
• Israeli forces carried out new raids in the Gaza Strip on Wednesday, [Full Story]
• Security Fears Spike Ahead of Netanyahu Speech
• A pro-Palestinian protest Tuesday at a U.S. House office building has [Full Story]
• Taiwan Hunkers Down Ahead of Typhoon Gaemi
• Taiwan hunkered down on Wednesday ahead of the arrival of Typhoon [Full Story]
• BLM Demands DNC Primary After Harris ‘Nomination’
• Black Lives Matter (BLM) has called on the Democratic National [Full Story]
• More Newsfront
• Finance
• The Red-Hot Job Market Is Over
• The booming labor market and low unemployment that enabled millions of workers to boost their wages and reinvent their careers, are starting to ebb, with some economists worrying if mass layoffs are in the offing, The Wall Street Journal reports…. [Full Story]
• Focus on Her Liabilities, Not the Harris Hype
• Blackstone’s Battered Mortgage Fund Slumps 10%
• Transcending Politics for America’s Future: Policies that Unite Us
• EU Elections Offer Climate, Energy Policy Lessons for US
• More Finance
• Health
• Most People Have Concealed Being Sick, Contagious
• Recent research found that people are more likely to pop a pill and go forward into their day instead of staying home when they feel ill. This phenomenon known as “disease concealment,” puts others at risk and is more common than you think, according to Study Finds. Even…… [Full Story]
• Pete Davidson ‘Can’t Quit’ Weed After Ditching Cocaine, Ketamine
• CDC: Bottle Shortage for Crucial Blood Tests
• The Gum That Claims to Sculpt Your Jawline
• Best and Worst Foods When Taking Weight Loss Drugs

 

To see this image below in a larger size, depending on your device,
click the image and follow the prompts.

Notice: MHProNews invites the firms or organizations named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, until 5.9.2024, neither MHI nor most MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including but not limited to an outreach on Dec 7, 2o23 and Feb 25, 2024. In the case of that response linked above, no apparent reply was given to follow up inquires by MHProNews. 

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.
    • Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.

 

 

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 MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 (on 5.22.2024) and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but in fairness CNN and Fox sites get more much more total traffic). Statistics – Data – Infographics – Research – Facts – Evidence – Trends – and manufactured housing industry expert Analysis make us and keep us the runaway most read in MHVille trade media. 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.