As the median sales price for a house in the U.S. rose to a record $442,525, the share of U.S. homes worth $1 million or more has hit an all-time high, according to the right-leaning Wall Street Journal. The upward push of housing values in the conventional housing market, should be a cause for ever higher manufactured home production. While production is up over 2023, that was yet another depressed year for the industry. Part I will feature insights on the conventional housing inventory and pricing market. Part II features the latest HUD contractor, Institute for Building Technology & Safety (IBTS) data, which is thus essentially “official data.” Note that a new Masthead, linked here and below in Part III, reveals arguably related insights on why manufactured housing is underperforming in the context of Equity LifeStyle Properties (ELS) EVP and COO Patrick Waite dumping over $1.4 million dollars’ worth of share of his firm’s stock.
Part I – From WND News Center to MHProNews
THE PRICE IS FRIGHT
Share of million-dollar homes reaches record high as lack of inventory continues to drive prices skywards
Median U.S. home sale price rose to a record $442,525
By Owen Klinsky, Daily Caller News Foundation| August 17, 2024
The share of U.S. homes worth $1 million or more has hit an all-time high as a shortage of housing inventory continues to drive prices upwards, the Wall Street Journal reported.
Roughly 8.5% of U.S. homes are now worth $1 million or more, up from 7.6% a year ago and 4% prior to the COVID-19 pandemic, an analysis from real estate brokerage Redfin provided to the WSJ found. Median U.S. home sale price rose to a record $442,525 in June, while the median price for luxury homes — defined as the top 5% of listings — reached a record $1.18 million in the second quarter, according to Redfin.
Home prices have skyrocketed as many Americans are unwilling to list their homes and give up the ultra-low mortgage rates they secured prior to the Federal Reserve’s 2022-2023 interest rate hikes, in turn constraining housing inventory. The U.S. had a shortage of 4 to 7 million homes as of November 2023, according to an estimate from The Pew Charitable Trusts.
The average 30-year fixed-rate mortgage sat at 6.49% Thursday, well above when President Joe Biden took office and the rate was under 3%, according to the Federal Reserve Bank of St. Louis.
8.5% of US Homes are now worth over $1 million, the highest % on record. Five years ago less than 4% of homes were above $1 million and ten years ago less than 2%. pic.twitter.com/sczmFoCSas
— Charlie Bilello (@charliebilello) August 16, 2024
Economists are skeptical the surge in home prices will end anytime soon, with a June report from Bank of America (BofA) predicting home prices will rise a total of 4.5% throughout the course of 2024 and another 5.0% throughout 2025.
“We think it could take 6 to 8 years for the lock-in effect (dearth of transactions in existing homes) to go away,” the BofA analysts wrote. “The wide gap between current mortgage rates and effective mortgage rates means most homeowners are unwilling to move unless forced.”
Housing costs surged 5.1% year-over-year in July, accounting for nearly 90% of total inflation for the month.
Presumptive Democratic presidential nominee Kamala Harris is expected to speak on the housing shortage during the Friday roll-out of her economic plan. She intends to call for the construction of 3 million housing units and the enactment of tax incentives for builders who sell their properties to first-time homebuyers, according to Reuters. ##
Part II
| Institute for Building Technology & Safety | |||||||||
| Shipments and Production Summary Report 6/01/2024 – 6/30/2024 | |||||||||
| Shipments | ||||
| State | SW | MW | Total | Floors |
| Dest. Pending | 13 | 3 | 16 | 19 |
| Alabama | 216 | 248 | 464 | 717 |
| Alaska | 0 | 0 | 0 | 0 |
| Arizona | 48 | 125 | 173 | 299 |
| Arkansas | 67 | 71 | 138 | 208 |
| California | 50 | 170 | 220 | 394 |
| Colorado | 39 | 39 | 78 | 117 |
| Connecticut | 5 | 3 | 8 | 11 |
| Delaware | 11 | 24 | 35 | 60 |
| District of Columbia | 0 | 0 | 0 | 0 |
| Florida | 176 | 417 | 593 | 1,014 |
| Georgia | 122 | 253 | 375 | 631 |
| Hawaii | 0 | 0 | 0 | 0 |
| Idaho | 10 | 35 | 45 | 84 |
| Illinois | 54 | 33 | 87 | 120 |
| Indiana | 130 | 36 | 166 | 202 |
| Iowa | 9 | 10 | 19 | 29 |
| Kansas | 34 | 10 | 44 | 54 |
| Kentucky | 151 | 209 | 360 | 569 |
| Louisiana | 307 | 163 | 470 | 634 |
| Maine | 41 | 46 | 87 | 134 |
| Maryland | 4 | 7 | 11 | 18 |
| Massachusetts | 7 | 10 | 17 | 27 |
| Michigan | 121 | 142 | 263 | 405 |
| Minnesota | 30 | 30 | 60 | 90 |
| Mississippi | 150 | 172 | 322 | 494 |
| Missouri | 62 | 68 | 130 | 198 |
| Montana | 11 | 19 | 30 | 51 |
| Nebraska | 23 | 3 | 26 | 29 |
| Nevada | 12 | 33 | 45 | 79 |
| New Hampshire | 13 | 12 | 25 | 37 |
| New Jersey | 14 | 16 | 30 | 46 |
| New Mexico | 52 | 95 | 147 | 245 |
| New York | 41 | 86 | 127 | 213 |
| North Carolina | 204 | 331 | 535 | 869 |
| North Dakota | 16 | 25 | 41 | 66 |
| Ohio | 87 | 32 | 119 | 151 |
| Oklahoma | 110 | 114 | 224 | 340 |
| Oregon | 51 | 76 | 127 | 206 |
| Pennsylvania | 45 | 70 | 115 | 184 |
| Rhode Island | 0 | 3 | 3 | 6 |
| South Carolina | 169 | 291 | 460 | 753 |
| South Dakota | 16 | 17 | 33 | 50 |
| Tennessee | 123 | 212 | 335 | 548 |
| Texas | 630 | 817 | 1,447 | 2,270 |
| Utah | 4 | 12 | 16 | 28 |
| Vermont | 3 | 9 | 12 | 21 |
| Virginia | 50 | 75 | 125 | 200 |
| Washington | 17 | 85 | 102 | 189 |
| West Virginia | 36 | 59 | 95 | 154 |
| Wisconsin | 71 | 26 | 97 | 123 |
| Wyoming | 9 | 3 | 12 | 15 |
| Canada | 0 | 0 | 0 | 0 |
| Puerto Rico | 0 | 0 | 0 | 0 |
| Total | 3,664 | 4,845 | 8,509 | 13,401 |
| THE ABOVE STATISTICS ARE PROVIDED AS A MONTHLY | ||||
| SUBSCRIPTION SERVICE. REPRODUCTION IN PART OR | ||||
| IN TOTAL MUST CARRY AN ATTRIBUTION TO IBTS, INC. | ||||
| Production | ||||
| State | SW | MW | Total | Floors |
| States Shown(*) | 195 | 279 | 474 | 756 |
| Alabama | 699 | 794 | 1,493 | 2,301 |
| *Alaska | 0 | 0 | 0 | 0 |
| Arizona | 43 | 138 | 181 | 323 |
| *Arkansas | 0 | 0 | 0 | 0 |
| California | 53 | 168 | 221 | 390 |
| *Colorado | 0 | 0 | 0 | 0 |
| *Connecticut | 0 | 0 | 0 | 0 |
| *Delaware | 0 | 0 | 0 | 0 |
| *District of Columbia | 0 | 0 | 0 | 0 |
| Florida | 66 | 212 | 278 | 493 |
| Georgia | 154 | 391 | 545 | 940 |
| *Hawaii | 0 | 0 | 0 | 0 |
| Idaho | 27 | 67 | 94 | 169 |
| *Illinois | 0 | 0 | 0 | 0 |
| Indiana | 497 | 242 | 739 | 981 |
| *Iowa | 0 | 0 | 0 | 0 |
| *Kansas | 0 | 0 | 0 | 0 |
| *Kentucky | 0 | 0 | 0 | 0 |
| *Louisiana | 0 | 0 | 0 | 0 |
| *Maine | 0 | 0 | 0 | 0 |
| *Maryland | 0 | 0 | 0 | 0 |
| *Massachusetts | 0 | 0 | 0 | 0 |
| *Michigan | 0 | 0 | 0 | 0 |
| Minnesota | 43 | 71 | 114 | 185 |
| *Mississippi | 0 | 0 | 0 | 0 |
| *Missouri | 0 | 0 | 0 | 0 |
| *Montana | 0 | 0 | 0 | 0 |
| *Nebraska | 0 | 0 | 0 | 0 |
| *Nevada | 0 | 0 | 0 | 0 |
| *New Hampshire | 0 | 0 | 0 | 0 |
| *New Jersey | 0 | 0 | 0 | 0 |
| *New Mexico | 0 | 0 | 0 | 0 |
| *New York | 0 | 0 | 0 | 0 |
| North Carolina | 181 | 331 | 512 | 843 |
| *North Dakota | 0 | 0 | 0 | 0 |
| *Ohio | 42 | 41 | 83 | 124 |
| *Oklahoma | 0 | 0 | 0 | 0 |
| Oregon | 55 | 161 | 216 | 382 |
| Pennsylvania | 162 | 260 | 422 | 683 |
| *Rhode Island | 0 | 0 | 0 | 0 |
| *South Carolina | 0 | 0 | 0 | 0 |
| *South Dakota | 0 | 0 | 0 | 0 |
| Tennessee | 539 | 749 | 1,288 | 2,037 |
| Texas | 908 | 941 | 1,849 | 2,794 |
| *Utah | 0 | 0 | 0 | 0 |
| *Vermont | 0 | 0 | 0 | 0 |
| *Virginia | 0 | 0 | 0 | 0 |
| *Washington | 0 | 0 | 0 | 0 |
| *West Virginia | 0 | 0 | 0 | 0 |
| *Wisconsin | 0 | 0 | 0 | 0 |
| *Wyoming | 0 | 0 | 0 | 0 |
| *Canada | 0 | 0 | 0 | 0 |
| *Puerto Rico | 0 | 0 | 0 | 0 |
| Total | 3,664 | 4,845 | 8,509 | 13,401 |
| (*) THESE STATES HAVE FEWER THAN THREE PLANTS. | ||||
| FIGURES ARE AGGREGATED ON FIRST LINE ABOVE | ||||
| TOTALS TO PROTECT PROPRIETARY INFORMATION. | ||||
| Ashok K Goswami, PE, COO, 45207 Research Place, Ashburn, VA |
Part III – Additional Information with More MHProNews Analysis and Commentary
1) As was promised in the preface of this report, here below is the latest on ELS EVP and COO Patrick Waite, who sits on MHI’s potent Executive Committee.
2) Related to the latest data on manufactured housing are the following.
3) Note the report below predates the Democratic National Convention, but the insights are still valid.
Don Lemon is not a Trump fan. On his X (formerly Twitter) feed is a post from the Democratic National Convention that praises that party and disses Trump. One of the pull quotes by Lemon says of Kamala Harris: “The Future President of the United States of America!” But when Lemon did some ‘man’ (err, woman) on the street interviews, here is what he found.
Women on Trump vs. Harris…🇺🇸 pic.twitter.com/bi4sItJy15
— Don Lemon (@donlemon) August 20, 2024
That above and what follows below are hardly scientific. Perhaps Lemon selectively edited it this way, but some of the blacks below did slam Trump. Lemon is obviously pro-Harris and anti-Trump. The polling still suggests that most blacks still support the Democratic candidate. But it polling also indicates a shift of significant numbers of blacks to Trump. The number of videos and podcasts like the above is blossoming. Even while the Democratic convention is still on, the betting odds at Real Clear Politics (RCP) have shifted back towards Trump. The battlegrounds have still tended to favor Trump, even during the recent ‘sugar high’ for Kamala Harris and her VP choice,
Black Men speak on Trump…thoughts? pic.twitter.com/ThshgxOe4n
— Don Lemon (@donlemon) August 19, 2024
To the point made by one black man about former President Barack Obama (D), even while he was still in office, there were some in Chicagoland that on progressive talk radio were dissing Obama by calling him Barack O’Bush. The former president and his wife Michelle were enriched by the donor class after he left office. Even if what took place was ‘legal,’ there are reasons to think that it is nevertheless soft-corruption.
OHIO! Trump or Kamala?! 🎤🇺🇸 pic.twitter.com/Y2Im665U69
— Don Lemon (@donlemon) August 18, 2024
Note that among the CNN Business headlines (see part IV below) is that Kamala Harris is ‘winning over’ Wall Street. MHProNews effectively reported on that weeks ago.
4) Harris’ housing plan is arguably problematic, if not harmful, to the interests of the manufactured housing industry. But perhaps more importantly, it is harmful to the interests of tens of millions of American consumers. It is harmful to the interests of housing affordability. The math is clear, without millions of more manufactured homes, the affordable housing crisis can’t be solved. In Harris’ defense, it may be less leftist than Rep. Ilhan Omar’s plan. The Harris Walz campaign can use that notion if they so desire. See those deeper dives linked below.
5) It would be fair to say that during deposed President Donald J. Trump’s (R) administration that enhanced preemption wasn’t enforced and that the Duty to Serve (DTS) manufactured housing wasn’t properly enforced either. However, it would also be fair to say that in the waning days of deep state resisted, embattled and COVID19 pressed Trump Administration that a contact at the Trump White House told MHARR and MHProNews that the team Trump was aware of federal preemption and was looking at how that could be handled. It is also fair to say that the Trump Administration’s antitrust division, per informed sources deemed reliable, held a meeting to discuss antitrust efforts involving manufactured housing, specifically Clayton Homes. It is also fair to say that recent victory in the Google antitrust case would obviously not have occurred if the Trump-era antitrust division launching the case. There are reasons to believe that scores of MHI insider-leaders are quite aware of these issues and are slyly pro-Democrat, even if the MHI PAC routinely donates to Republicans and Democrats alike.
6) To better understand why manufactured housing is underperforming by historic standards during an affordable housing crisis, see the linked and related reports. ICYMI, don’t miss the ‘red hot’ report linked immediately below, as well as the others.
7) Reading is fundamental to understanding and should proceed prudent action. Who says? Warren Buffett, who reportedly still spends about 80 percent of his work-day reading, some 5 to 6 hours daily.
While the known evidence suggests that any of our recent articles dwarf the readership of the most read on rival websites, another red-hot read is the one linked below.
8) Programming Notices. A deep dive into Buffett-Berkshire-Clayton related facts has been pending. It may be published in the next few days, stay tuned. Other manufactured housing connected publicly traded firm linked reporting is also pending. Another exclusive story is pending a fresh push for legal action against an MHI member brand that is not publicly traded.
Other sources may make doublespeak and doublethink essentially necessary. Only MHProNews and our sister site pull back the curtain and raise the blinds on the realities that help make sense of what is occurring in MHVille, and the U.S., among industry trade publishers and media.
Stay tuned for those and more from your runaway-largest and most-read source for manufactured housing “Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” ©
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.
Headlines from left-of-center CNN Business – 8.21.2024
- Minnesota’s economy is in the spotlight as Walz readies for the DNC
- New data shows US job growth has been far weaker than initially reported
- US judge strikes down Biden administration ban on worker ‘noncompete’ agreements
- The New York Stock Exchange is shown on Tuesday, August 13, 2024, in New York.
- How Kamala Harris is winning over Wall Street
- A customer shops at a Target store on May 20, 2024 in Miami, Florida.
- Target slashed prices. It paid off
- The truck cab is lowered on the frame of Ford Motor Co. battery powered F-150 Lightning trucks.
- Ford is making major changes to its electric vehicle strategy
- The Pumpkin Spice Latte at Starbucks returns to menus Thursday.
- Starbucks brings back Pumpkin Spice Latte earlier than ever
- China to probe European dairy imports as trade dispute escalates
- Workers most at risk of not having saved enough for retirement are those without access to a work-based retirement plan, according to a recent analysis.
- Gen Xers are nearing retirement. Here’s why many are more at risk of running short of money than younger colleagues
- Donald Trump and Elon Musk seem to enjoy the banter, but the logistics of getting Musk into a Cabinet role are daunting. And Wall Street would hate it.
- Let’s throw cold water on the Musk working for Trump thing
- How Uzbekistan’s young generation is changing the face of its creative economy
- Europe just slashed tariffs on cars made by Tesla in China
- Disney reverses course on bid to block wrongful death lawsuit by widower who had Disney+
- Alex Cooper’s ‘Call Her Daddy’ podcast signs deal with SiriusXM for $125 million
- Dozens of Columbia students were arrested for protesting last school year. Most are returning this fall
- Mike Lynch and Morgan Stanley’s Jonathan Bloomer missing after luxury yacht sinks off Sicily
- ‘Seismic shift.’ Kroger’s fight against a federal agency could upend antitrust
- Wells Fargo is selling off billions of dollars in commercial mortgages
- Trump backs off earlier claims that he should directly control interest rates
- More trouble for Boeing: Tests of its troubled 777X paused after it found structural problems
- Paramount suddenly has a bidding war as Edgar Bronfman makes an offer
- Alaska Airlines, Hawaiian merger clears US DOJ review
- Trump promises to make prices plunge again. That’s a dangerous proposal
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Headlines from right-of-center Newsmax – 8.21.2024
- Trump Holds First Outdoor Rally Since Assassination Attempt
- Donald Trump is holding his first outdoor rally since narrowly surviving an attempted assassination in Pennsylvania last month. [Full Story]
- Israel at War
- Biden Pushes Netanyahu: Ease Up on Corridor Demands
- IRGC: ‘Could Be Long’ Wait for Retaliatory Strike on Israel
- Israel Bombs Hezbollah Arms Depots in Lebanon’s Bekaa Valley
- Blinken Ends Mideast Visit, Warning ‘Time Is of the Essence’
- Israel Police Thwart Terror Plot to Attack Cars, Start Forest Fires
- Former Hostage to G7 Diplomats: It’s a Miracle I’m Still Here
- Israel to Call Up 15,000 Reservists to Boost IDF
- IDF Recovers Remains of 6 Hostages
- Why Is Israel Demanding Control Over 2 Gaza Areas in Talks?
- US Intel: Mideast Nemesis Iran to Blame for Trump Hack
- Newsmax TV
- Marshall: GOP Must Focus on Voters in the Middle
- Malliotakis: Harris Policies Similar to Venezuela’s
- Karoline Leavitt: ‘Our Plan Is to Combat Their Lies’
- Roger Williams: Harris Aims ‘to Own People’s Futures’
- Archbishop Cordileone: I Sense a Change for SF
- Willie Brown: Harris Would Have Excelled With or Without Me
- Mitchell Feierstein: Crypto ‘a Hedge Against US Dollar Declines’
- Donalds: Harris Can’t Be Trusted With Presidency
- Mullin: Dems Sick’ for Abortion Clinic at DNC
- Newsfront
- Montana Adds Abortion Protection to US Election Ballot
- Montana on Tuesday became the latest state to add abortion rights to the November ballot, allowing its electorate to decide whether they back a constitutional change to protect access to the procedure…. [Full Story]
- Related Stories
- Supreme Court Clears Abortion Issue for Vote
- Trump Holds First Outdoor Rally Since Assassination Attempt
- Donald Trump is holding his first outdoor rally since narrowly [Full Story]
- Related
- Conservative Billionaire Mellon Gives Another $50M to Pro-Trump Super PAC
- McLaughlins to Newsmax: Trump Leads on Key Issues, Harris Achievements Unknown
- Trump: ‘No Regrets’ About Overturn of Roe V. Wade
- Ramaswamy Says Position in Trump Cabinet a Possibility
- London Mayor Fears for Safety If Trump Wins
- Detroit Judge Sued After Putting Teen in Handcuffs
- Attorneys for a teenager who was ordered into jail clothes and [Full Story]
- Newsmax Broke Ratings Records in July
- Newsmax’s ratings and key metrics continue to be strong with July [Full Story]
- Venezuela at a Crossroads: Democracy or Dictatorship
- Venezuela is at a crossroads, with the government of strongman [Full Story]
- Tim Walz, Pelosi, Bill Clinton Headline DNC Day 3
- Minnesota Democrat Gov. Tim Walz accepts the Democrat nomination for [Full Story]
- Related
- 50 GOP Vet Lawmakers Condemn Walz in Open Letter
- Michelle Obama Trolls Trump: Presidency Just May Be a ‘Black Job’
- Emhoff Tells Dem Convention Wife Harris Is Joyful Warrior
- Harris Packs Wis. Arena That Hosted RNC
- Nielsen: 20M Watch DNC, Down From 2016
- DNC Hit With Bomb Scare as at Least 4 Hotels Threatened
- Barack Obama Pans Trump: ‘Sequel Is Usually Worse’
- San Francisco’s Tourism Struggles Amid Looming Strike
- America’s iconic City by the Bay, which has struggled significantly [Full Story] | Platinum Article
- Trump to Make 2 Major Announcements After DNC
- Former President Donald Trump had planned to make two major [Full Story]
- Russia’s Medvedev: No Peace After Kursk Incursion
- Ukraine’s incursion into Russia’s Kursk region means there will be no [Full Story]
- Related
- Russia Says It Downed 11 Ukrainian Drones Over Moscow
- Putin Inspects Troops Readying to Fight Ukraine in Surprise Trip to Chechnya
- Russia: NATO Countries Aided Ukraine’s Kursk Incursion
- A Massive Fire Rages for a Third Day at a Russian Oil Depot Targeted in a Ukrainian Drone Attack
- Ukraine Adopts Law Paving Way for Ban of Russia-Linked Minority Church
- Ukraine Has Hit All 3 Bridges Over Russia’s Seym River
- Trump: Return US Strength by Defeating Harris
- Former President Donald Trump, speaking Wednesday at his first [Full Story]
- Harris Trounced Trump in July Fundraising
- Vice President Kamala Harris is way ahead of former President Donald [Full Story]
- RNC’s Whatley: GOP in ‘Great Place’ to Flip Senate
- While the presidential race has been the main focus this election [Full Story]
- Florida: Say Bye to Your Car Insurance Bill if You Live in These Zip Codes
- Otto Quotes
- Harris Poll: Latinos Say Harris Better on Border
- A new Axios Vibes survey showed Vice President Kamala Harris [Full Story]
- Divers Find 5 Bodies in Search of Mike Lynch’s Sunken Yacht
- Divers searching the wreck of a superyacht that sank off Sicily found [Full Story]
- Fed Officials Strongly Leaning Towards Sept. Rate Cut
- Federal Reserve officials last month were strongly leaning toward an [Full Story]
- Brooklyn Store Cancels Event Over ‘Zionist’ Moderator
- Brooklyn Store Cancels Event Over ‘Zionist’ Moderator
- A Brooklyn bookstore this week canceled a planned book launch, [Full Story]
- Sanders Praises Harris, Pushes for More Changes
- Bernie Sanders on Wednesday praised Democrat presidential [Full Story]
- Nate Silver: Harris’ Poll Numbers Will See ‘Convention Bounce’
- Vice President Kamala Harris’ poll numbers will continue to climb [Full Story]
- 50 GOP Vet Lawmakers Condemn Walz in Open Letter
- Fifty GOP lawmakers who served in the military have signed a document [Full Story]
- NYC Shrinking Randall’s Island Migrant Camp
- New York City officials announced this week that they are reducing [Full Story]
- Harris Called for Donations to Abolish ICE Groups
- While serving as the junior senator from California, Democrat [Full Story]
- Trump Hits White House Over Jobs Report Revision
- Former President Donald Trump on Wednesday accused the Biden [Full Story]
- AI Revives Ian Holm’s Likeness in New ‘Alien’ Film
- “Alien” Fans were surprised to see the late Ian Holm in the latest [Full Story]
- DNC Mentions Trump Almost 150 Times
- Speakers at the Democratic National Convention mentioned former [Full Story]
- Bill Pascrell of N.J. Dies at 87, Family Says
- Bill Pascrell, D-N.J., died at age 87, his family said on social [Full Story]
- Derek Chauvin Transferred to Fed Prison in Texas
- Derek Chauvin, the former Minneapolis police officer convicted of [Full Story]
- Nielsen: 20 Million Watch DNC, Down From 2016
- Night 1 ratings for the Democratic National Convention were up [Full Story]
- US Economy Added 818,000 Fewer Jobs in Past Year
- The U.S. economy added 818,000 fewer jobs from April 2023 through [Full Story]
- Soros-Funded Anti-Trump Site Ramps Up in Nevada
- Courier Newsroom, an organization largely funded by billionaire [Full Story]
- Schwab Survey: It Takes $2.5M to Be Wealthy
- Americans now think a net worth of $2.5 million would make them [Full Story]
- UKMTO: Tanker Reports Attack Off Yemen’s Hodeidah
- Oil products tanker Sounion was attacked by two small boats and [Full Story]
- More Newsfront
- Finance
- Schwab Survey: Americans Say It Takes $2.5M to Be Wealthy
- Americans now think a net worth of $2.5 million would make them wealthy, Charles Schwab’s 2024 Modern Wealth Survey found. This is up from $2.2 million in 2023 and 2022…. [Full Story]
- Harris Can’t Escape Inconvenient Truths of Bidenomics
- Who Pays for the Wedding Doesn’t Always Go by Tradition
- Biden Successor Faces Tough Budget, Security Challenges
- Harris-Walz Try to Sport a Lighter Shade of Radical Green
- More Finance
- Health
- Obesity Drug Zepbound Cuts Diabetes Risk by 94% in Trial
- Eli Lilly said Tuesday its weight loss drug cut the risk of developing type 2 diabetes by 94% in patients with pre-diabetes and those who were obese or overweight in a long-term study…. [Full Story]
- What Swollen Fingers Could Mean About Your Health
- Obese Kids Face Higher Odds for Eczema, Psoriasis
- Study: COVID Vaccine Won’t Trigger MS Relapse
- New Therapeutic App Eases Anxiety in Young Adults
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- 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, 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.
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.
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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.
