The press release that follows is from Representative Maxine Waters (CA-D), the ranking Democratic member of the powerful House Financial Services Committee. It will be followed by the previously announced appointees on the majority Republican side as Part I of today’s report. Part II will note some related insights, including the point that manufactured housing professionals or investors should be aware of these names, as one congressional representative may be serving in a district you live or have a business location(s). Part III is our Daily Business News on MHProNews left (CNN) right (Newsmax) market-moving headlines recap that includes the graphical summaries of the manufactured housing industry connected equities moves as they compare to the broader stock markets.
Part I
Ranking Member Waters Announces Democratic Members Appointed to Serve on Financial Services Committee
Washington, DC, January 25, 2023
Tags: Full Committee
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected by the House Democratic Steering and Policy Committee to serve on the House Financial Services Committee:
Democratic Members on the Financial Services Committee for the 118th Congress:
Maxine Waters, California, Ranking Member
Nydia M. Velázquez, New York
Brad Sherman, California
Gregory W. Meeks, New York
David Scott, Georgia
Stephen F. Lynch, Massachusetts
Al Green, Texas
Emanuel Cleaver, Missouri
Jim A. Himes, Connecticut
Bill Foster, Illinois
Joyce Beatty, Ohio
Juan Vargas, California
Josh Gottheimer, New Jersey
Vicente Gonzalez, Texas
Sean Casten, Illinois
Ayanna Pressley, Massachusetts
Ritchie Torres, New York
Steven Horsford, Nevada
Rashida Tlaib, Michigan
Sylvia Garcia, Texas
Nikema Williams, Georgia
Wiley Nickel, North Carolina
Brittany Pettersen, Colorado
From the Republican side of the two major parties is the following official list of appointees to the powerful House Financial Services Committee (FSC).
| 118th CONGRESS
Patrick McHenry, North Carolina, Chairman |
|
| Frank D. Lucas, Oklahoma
Pete Sessions, Texas Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Ann Wagner, Missouri Andy Barr, Kentucky Roger Williams, Texas French Hill, Arkansas Tom Emmer, Minnesota Barry Loudermilk, Georgia Alexander X. Mooney, West Virginia Warren Davidson, Ohio John Rose, Tennessee Bryan Steil, Wisconsin Lance Gooden, Texas William Timmons, South Carolina Ralph Norman, South Carolina Dan Meuser, Pennsylvania Scott Fitzgerald, Wisconsin Andrew Garbarino, New York Young Kim, California Byron Donalds, Florida Mike Flood, Nebraska Mike Lawler, New York Zach Nunn, Iowa Monica De La Cruz, Texas Erin Houchin, Indiana Andy Ogles, Tennessee |
|
Part II.
Additional Information with More MHProNews Analysis and Commentary
Some of the above representatives have been recipients of MHI PAC contributions. Yet despite years of having people collecting MHI connected donations, manufactured housing has remained stuck in low gear on Capitol Hill. If photo and video ops, or mentions of manufactured housing were gold, perhaps MHI would have bragging rights. But given that MHI has failed at achieving their own stated goals (see examples to illustrate that claim), their razzle dazzle is being revealed for precisely what it is. A show. Which begs the question, what is the purpose of MHI’s theatrics?
The apparent answer is this. While the distractions, paltering, projecting or head fakes are occurring, MHI engages in giving apparent cover for MHI’s dominating brands to consolidate the industry. MHI’s antitrust and several of their other statements appear to be contradicted by actual behavior including the formal statements of several of their corporate leaders. Examples of that are linked. MHI’s attorneys and leadership will be asked about these concerns and allegations.
A growing number of Democratic and Republican connected figures have called for antitrust action. Should Congress hold hearings, MHProNews editorially favors any such authentic and robust effort. They should include an inquiry into MHI’s arguably deceptive practices. See the related reports to learn more.
Part III. Daily Business News on MHProNews Markets Segment
The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
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 1.26.2023
- The rent is high
- A rental unit apartment building in the East Village neighborhood of New York, US, on Tuesday, July 12, 2022.
- It’s so steep that buying a home is now more affordable than renting in these five cities
- Swimming in cash, Chevron plans a $75 billion slap in the face to drivers
- Stocks rise after America’s economy grew more than expected
- Meta and Twitter decided to restore Trump’s account. Will other platforms follow suit?
- Madison Square Garden CEO doubles down on use of facial recognition tech
- Southwest posts quarterly loss and warns more losses are ahead after service meltdown
- BuzzFeed says it will use AI to help create content, stock jumps 150%
- ChatGPT passes exams from law and business schools
- We finally know whom FTX owes money to: Wall Street elite, Big Tech, airlines, and many more
- Mega-publisher Dotdash Meredith cuts 7% of its workforce, citing weakened ad market
- Toyota names new CEO as Akio Toyoda steps down
- Asia’s richest man considers legal action over short seller’s ‘baseless’ fraud claims
- McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers
- Meta says it won’t punish Trump for attacking the 2020 election results. But the 2024 vote is a different story
- US Transportation Dept. investigating Southwest holiday travel meltdown
- Microsoft could bring back Clippy, but make him, like, smart
- Tesla reports record earnings but tighter profit margins
- The UK car industry hasn’t been this weak since 1956. And it’s losing the EV race
- Meta says it will restore Donald Trump’s Facebook and Instagram accounts
- Too many companies botch mass layoffs. Here’s how they should approach them
- Biden administration unveils renter protections
- How M&M’s is making the most of its spokescandies controversy
- Classic ‘GoldenEye 007’ game is coming to Nintendo Switch and Xbox
- News outlets ask judge to unseal documents in Dominion’s defamation case against Fox News
Headlines from right-of-center Newsmax 1.26.2023
- Trump Calls AT&T DirecTV ‘Disgusting’ for Newsmax Drop, Calls for Boycott
- Former President Donald Trump Wednesday night joined the outcry against AT&T DirecTV’s removal of Newsmax from its satellite and cable systems, calling it “disgusting” and saying that the move was a “big blow to the Republican Party and to America itself.” [Full Story]
- AT&T/DirecTV Censors Newsmax
- Banks: We Will Fight Back Against DirecTV | video
- Lindsey Graham: Senate May Probe DirecTV’s Newsmax Action
- Twitter Adds Context to Post About DirecTV Dropping Newsmax
- Waltz: Congress Could Hold DirecTV Hearing | video
- Ron Johnson: Vote With Your Feet Against DirecTV | video
- Van Drew: DirecTV Move About ‘Future of the Country’ | video
- Tom Fitton: DirecTV Move Raises Legal Questions | video
- Trump Calls AT&T DirecTV ‘Disgusting,’ Urging Boycott
- Newsmax CEO Ruddy: End DirecTV ‘Political Discrimination’ | video
- Catholic League’s Donohue: DirecTV Move ‘Politically Motivated’
- They’re Coming for Newsmax, Are You Next?
- Mary Miller: DirecTV Act ‘Totalitarian Left in Action’
- Joni Ernst: Newsmax, Conservatives Shouldn’t Be Silenced | video
- AT&T’s DirecTV Cancels Newsmax in Censorship Move
- Blackburn: Unknown Got-Aways the ‘Really Bad Guys’ | video
- Ernst: US Must Stop Funding EcoHealth | video
- Texas AG Paxton: Biden’s Immigration Parole Program Illegal
- Dick Morris: Secret Docs Will Be the End for Biden in 2024 | video
- Obernolte: Swalwell, Schiff Unfit for Committee | video
- Meuser: GOP Aims to Correct Dems’ ‘Excessive Debts’ | video
- Fitzgerald: Found Docs Point to ‘Institutional’ Issue | video
- Former Amb. Volker: Putin Never Interested in Peace Talks | video
- Ron Johnson: ‘Fair Amount of Perplexity’ Over Docs | video
- Newsfront
- Former Memphis Cops Arrested on Murder Charges in Traffic-Stop Death
- Five former Memphis police officers have been taken into custody on second-degree murder and other charges in the death of Tyre Nichols, a Black man who died three days after a traffic stop, county jail records showed on Thursday…. [Full Story]
- Wall Street Hits Best Level in Nearly 8 Weeks
- Stocks climbed Thursday to send Wall Street to its highest level in [Full Story]
- Colorado Baker Loses Appeal Over Transgender Birthday Cake
- The Colorado baker who won a partial U.S. Supreme Court victory after [Full Story]
- Judge Pauses California’s COVID-19 Misinformation Law
- The enforcement of a new California law that prohibits the spread of [Full Story]
- Video Report: Rep. Rashida Tlaib Flies Palestinian Flag at Capitol
- On Thursday’s “Wake Up America,” Newsmax’s Daniel Cohen reports on [Full Story] | video
- Russia Unleashes Missiles at Ukraine After Kyiv Secures Tanks
- Russia sent Ukrainian civilians racing for cover with a rush-hour [Full Story]
- Related
- Ukraine: Russia’s Latest Attacks Kill 11, Wound 11 More
- Nobel Laureate Wants More to Help Probe Russian War Crimes
- German Defense Minister Says Tank Training for Ukrainian Soldiers to Start in Days
- Ukrainian Official Says Country Pushing for F-16 Fighter Jets
- Germany Apologizes for Leopard Jibe That Upset Some Africans
- Mastercard Warns of Slower Growth as Travel Plateaus
- Mastercard Inc. forecast current-quarter revenue growth short of Wall [Full Story]
- Biden, Pence Look ‘Incredibly Hypocritical’ About Classified Documents
- President Joe Biden and former Vice President Mike Pence each may [Full Story] | Platinum Article
- US Treasury, Financial Watchdogs Among FTX Creditors
- Financial watchdogs and government agencies from the United States, [Full Story]
- Violent Protests Reignite Effort to Designate Antifa a Terror Group
- There are renewed efforts to designate Antifa as a domestic terror [Full Story] | Platinum Article
- US to Send Advanced Version of Abrams Tank to Ukraine
- The U.S. will send Ukraine the advanced configuration of the Abrams [Full Story]
- New CDC Data Signals Potential Stroke Risk From Pfizer Bivalent COVID Shot
- New data from one U.S. Centers for Disease Control and Prevention [Full Story]
- Poll: Trump Holds 35-Point Edge Over DeSantis in GOP Primary Field
- Former President Donald Trump holds a massive lead in the race for [Full Story]
- Dem Rep. Payne Hits GOP Over Indoor Smoking
- Donald Payne Jr., D-N.J., this week criticized House Republicans [Full Story]
- Pritzker Rips Gov. DeSantis for Eliminating AP Course
- Illinois Gov. J.B. Pritzker, a Democrat, denounced Florida Republican [Full Story] | video
- 30-Year Mortgages Fall to 6.13 Percent
- The average long-term U.S. mortgage rate fell to its lowest level in [Full Story]
- Finally Legal “The Best Pain Reliever” Now Available In Florida
- Healthline News
- Study: Head Injury Doubles Risk of Dying Early
- Head injuries have already been linked with many chronic health [Full Story]
- Sorokin to Star in Reality Show While Under House Arrest
- Convicted thief Anna Sorokin, whose life and crimes are the subject [Full Story]
- Justice Seizes Website of Hive, Major Ransomware Gang
- The FBI has seized the website of a prolific ransomware gang that has [Full Story]
- Stocks Erase Big Losses Driven by Profit Fears, End Flat
- Stocks shook off an early slide and wound up little changed as [Full Story]
- Nearly 1 in 5 American Adults Use Medication to Sleep
- Nearly 20% of American adults use a drug to help them sleep, either [Full Story]
- New Home Sales Post 3rd Straight Monthly Gain
- Sales of new U.S. single-family homes increased for a third straight [Full Story]
- Fewer Americans File for Jobless Claims
- Fewer Americans filed for unemployment benefits last week as the [Full Story]
- Va. AG Morrisey Hails Win vs Biden’s ‘Blatant’ Attack on State’s Tax Cut
- The U.S. Circuit Court of Appeals for the 11th Circuit, based in [Full Story]
- Republican Lawmakers Introduce Bills Banning TikTok
- Josh Hawley, R-Mo., and Rep. Ken Buck, R-Colo., introduced [Full Story]
- Judge Orders Release of Pelosi Attack Bodycam Video
- San Francisco Judge Stephen Murphy ruled Wednesday that local police [Full Story]
- Meta to Restore Donald Trump’s Facebook, Instagram Accounts
- Social networking giant Meta announced Tuesday it would soon [Full Story]
- Russia Accused of Setting Up ‘Concentration Camps’ in Ukraine
- The recent actions of Russia’s prime minister have prompted online [Full Story]
- Disney Removes ‘Zip-A-Dee-Doo-Dah’ From Magic Kingdom Entrance Loop
- Walt Disney World has removed the iconic song “Zip-A-Dee-Doo-Dah” [Full Story]
- Crenshaw Bill Puts Check on ‘Overzealous’ ATF After Pistol Brace Ban
- After President Joe Biden’s Bureau of Alcohol, Tobacco, Firearms, and [Full Story] | video
- Manchin, Speaker McCarthy Meet to Discuss Debt Limit
- House Speaker Kevin McCarthy, R-Calif., met with Sen. Joe Manchin, [Full Story]
- More Newsfront
- Finance
- US Economy Defies a Recession … so far
- The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades…. [Full Story]
- Trevor Gerszt: You’ve Heard of Peak Oil, But What About Peak Gold?
- Luxury Giant LVMH Sales Rise 9% in Fourth Quarter
- FTX Opposes DOJ Investigation as it Conducts Its Own Bankman-Fried Probe
- Boeing Pleads Not Guilty to Fraud Charge in 737 MAX Arraignment
- More Finance
- Health
- Initial Alzheimer’s Symptoms Predict Rate of Progression
- Memory loss is the most common symptom associated with Alzheimer’s disease – the terrifying prospect of slowly forgetting yourself and everything around you. But people who exhibit memory loss early on in their dementia actually have a slower rate of decline than those who…… [Full Story]
- FDA Calls for New Regulatory Framework for Safe Use of CBD Products
- FDA Withdraws Authorization for AstraZeneca’s COVID Antibody Treatment
- Top FDA Official Involved in Baby Formula Debacle Resigns
- Ernst to Newsmax: US Must Stop Funding EcoHealth
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- NOTE 1: The 3rd 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.
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2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
