“MHI Congratulates the 2024 Inductees to RV/MH Hall of Fame,” says a headline from an MHI ‘news’ email update on 2.14.2024. It appears that all of the manufactured housing inductees for the RV MH Hall of Fame have clear ties to the Manufactured Housing Institute (MHI). The balance of that MHI news item named Nathan Smith of Flagship Communities (TSX: MHC.U) among those inductees. That will be explored in this focused fact check and analysis by MHProNews. To be clear, while some of these individuals and/or companies may also have apparently problematic issues, this report will focus on Nathan Smith and Flagship Communities.
Part I
Quoting a segment MHI’s email of 2.14.2024.
The RV/MH Hall of Fame announced the 2024 inductee class. The manufactured housing inductees are:
- Charlie Hemphill, Clayton Homes;
- Sam Landy, UMH Properties;
- Kamal Shouhayib, Choice Properties;
- Nathan Smith, Flagship Communities; and
- Todd Su, Advantage Homes.”
There have been times that the RV MH Hall of Fame provided an award to someone who later was caught up in a scandal or legal issue. There is an argument to be made that an example of that was the case of Joseph “Joe” Stegmayer. Stegmayer, formerly associated with Cavco Industries (CVCO) and Clayton Homes (BRK), received the induction award from the RV/MH Hall of Fame in the year 2016. About 2 years later, the Securities and Exchange Commission (SEC) announced a probe of Stegmayer, Cavco, and some other specific individuals who had ties to the Manufactured Housing Institute (MHI). Eventually, Stegmayer and Cavco entered into sizable (7 figure) settlements.
Certainly, when an award is giving to someone who is living, there is always the possibility that something emerges that may later make for an awkward scenario for the RV MH Hall for giving an award to someone with what turned out to be a problematic history that had not been known prior to their getting the ‘honor.’ That noted, it seems particularly dubious to give an RV MH Hall of Fame award to someone who has a known history of questionable or problematic behavior.
“Nathan Smith is one of the co-founders for SSK Communities, which later rebranded and went public as Flagship Communities. What are some of the controversies involving Smith, SSK Communities, and Flagship? For example, what have been the BBB ratings of for SSK/Flagship? Was SSK involved in a class action suit by some of their own residents? What other controversies have emerged?”
…Nathan Smith, a co-founder of SSK Communities, has been associated with several controversies related to SSK and its subsequent rebranding as Flagship Communities. Let’s delve into some of the key points:
- Better Business Bureau (BBB) Ratings:
- If you visit the BBB website and search for SSK Communities, you’ll find that they are rated as “F”, which indicates significant issues and concerns1.
- The BBB rating for SSK was quite unfavorable, raising questions about the subsequent award given to Flagship Communities by the Kentucky Manufactured Housing Institute (KMHI)12.
- Class Action Suit and Predatory Behavior:
- SSK Communities faced legal action from several residents who alleged a pattern of predatory behavior. Residents claimed that SSK forced them out of their homes through non-renewal of leases3.
- The lawsuit highlighted tactics such as refusing to renew leases even when residents were current on their payments3.
- Alice Sparks and Drama Behind the Scenes:
- Alice Sparks, another partner in SSK Communities, reportedly wanted to be bought out by Smith and Keeney.
- Nathan Smith and Kurt Keeney attempted to raise capital to buy Sparks out, including exploring the possibility of merging with another manufactured home community operator4.
- Flagship Communities IPO Controversy:
- The transition from SSK to Flagship Communities was not without controversy.
- The IPO raised questions about the relationship between the two entities and whether the money raised would benefit company members5.
- Other Legal and Regulatory Concerns:
- SSK/Flagship has faced various legal actions, regulatory issues, complaints, and negative media reports.
- The controversies surrounding Nathan Smith and the company’s behavior have drawn attention46.
In summary, the journey from SSK to Flagship Communities has been marked by legal battles, regulatory scrutiny, and negative publicity. The BBB ratings, class action suits, and other controversies have shaped the narrative around this company. 🏢🔍
As longtime and detail-minded readers of MHProNews know, Nathan Smith is one of the co-founders of SSK Communities. SSK Communities eventually rebranded and went public as Flagship Communities (TSX: MHC.U) on the Toronto Stock Exchange (TSX). Q&As with Bing’s artificial intelligence (AI) powered Copilot sheds light on that scenario.
> “Is it accurate to say that TSX doesn’t have as stringent a standard for going public as the major American stock exchanges?”
Indeed, the Toronto Stock Exchange (TSX), while maintaining robust standards, is generally considered to be less stringent than major American stock exchanges when it comes to companies going public. Here are some key points to consider:
- Listing Requirements:
- To list on the TSX, a company typically needs at least 1,000,000 freely tradeable shares with an aggregate market value of C$4 million. Additionally, there must be at least 300 public (independent) holders, each holding one board lot or more1.
- In comparison, major American exchanges such as the NYSE and NASDAQ have their own specific criteria, which may include higher thresholds for market capitalization, shareholder equity, and trading volume.
- Management Experience:
- The TSX and its junior exchange, the TSX Venture Exchange (TSX-V), emphasize that management experience is crucial. Boards of directors and management teams are expected to possess relevant expertise in the issuer’s business and industry, as well as public company experience in Canada or a similar jurisdiction1.
- American exchanges also prioritize management qualifications, but the specific requirements may vary.
- Costs of Going Public:
- The original listing fees for the TSX range from $10,000 to $200,000, based on the company’s market value at the time of listing. An initial non-refundable deposit of $10,000 is required during the application process2.
- American exchanges have their own fee structures, which can differ significantly.
In summary, while the TSX maintains high standards, it is often perceived as having a more accessible entry point for companies seeking to go public compared to major American exchanges. However, each exchange has its unique requirements and considerations…”
> “There have been evidence based concerns raised that the powers that be behind the Manufactured Housing Institute have ‘weaponized’ the awards given by that association and have effectively taken control of the award process for manufactured housing industry members at the RV MH Hall of Fame through donations, board positions, and perhaps by other means. Shed light on those concerns.”
Indeed, there have been well-founded concerns raised regarding the Manufactured Housing Institute (MHI) and its influence over industry awards, particularly those bestowed by the RV/MH Hall of Fame. Let’s delve into the details:
- Award Process and Influence:
- The MHI runs the Excellence in Manufactured Housing Awards, where member companies submit detailed applications showcasing their achievements from the past year1.
- The award categories are voted on by member companies based on their membership type, and some categories are judged by an independent panel of industry experts1.
- However, there are allegations that MHI leaders exert undue influence over the award process. This raises concerns about transparency and fairness.
- Potential Issues:
- Deceptive Trade Practices: If MHI leaders manipulate the award process, it could be considered deceptive trade practices.
- RICO and Antitrust Violations: Such actions might raise questions related to the Racketeer Influenced and Corrupt Organizations (RICO) Act and antitrust laws.
- Board Member Roles: If board members fail to fulfill their roles impartially, it undermines the integrity of the awards.
- Media Coverage: MHI awards often receive significant media coverage, and companies proudly mentioning these awards indirectly promote MHI2.
- Sinister Implications:
- While not proven, the situation hints at a potentially sinister side where MHI’s influence extends beyond mere recognition.
- The intertwining of donations, board positions, and other means could create an environment where certain companies gain an unfair advantage.
In summary, the concerns surrounding MHI’s control over industry awards warrant scrutiny. Transparency, independence, and ethical practices are crucial to maintaining the integrity of such accolades. 🏆🔍 …”
While that response could be refined, Copilot’s response beyond the ellipsis shown included links the following reports.
> “Does it appear to be potentially awkward for the RV MH Hall of Fame and the Manufactured Housing Institute to have an award winner a firm and leader that has an extensive history of leadership at MHI (i.e.: Nathan Smith, SSK, Flagship Communities)? Are there potentially legal issues that have or still might arise as a result of these examples?”
The intersection of the RV/MH Hall of Fame and the Manufactured Housing Institute (MHI) indeed presents a complex situation. Let’s explore the potential implications:
- **Perceived Bias and Influence:
- When an award recipient has a significant history of leadership within an organization like MHI, it can raise eyebrows.
- The perception of favoritism, influence, or bias may arise, especially if the award process lacks transparency.
- **Conflict of Interest:
- Nathan Smith’s leadership roles at both SSK Communities and Flagship Communities, along with his ties to MHI, create a potential conflict of interest.
- The awarding organization should ensure that its decisions are not influenced by personal relationships or organizational affiliations.
- **Legal Implications:
- While not necessarily illegal, such situations can lead to legal challenges.
- Shareholders of publicly traded companies may question whether the award reflects genuine merit or is merely a result of connections.
- Disclosure Obligations: Companies must disclose any material information that could impact investors. If the award is deemed material, it should be disclosed.
- **Reputation and Integrity:
- The RV/MH Hall of Fame’s reputation hinges on the integrity of its awards.
- If controversies emerge or if the process is perceived as compromised, it could tarnish the institution’s standing.
- **Mitigating Factors:
- The Hall of Fame could address concerns by ensuring a transparent, independent award process.
- Recusal: Board members with close ties to award recipients might consider recusing themselves from relevant decisions. …”
Copilot added that “the situation warrants vigilance” as no proven violations of the law are yet known to exist. Several points raised by Copilot merit highlighting.
Quoting Copilot’s insights above.
- Board members with close ties to award recipients might consider recusing themselves from relevant decisions.
- Nathan Smith’s leadership roles at both SSK Communities and Flagship Communities, along with his ties to MHI, create a potential conflict of interest.
- Shareholders of publicly traded companies may question whether the award reflects genuine merit or is merely a result of connections.
- Disclosure Obligations: Companies must disclose any material information that could impact investors. If the award is deemed material, it should be disclosed. …”
MHProNews has reported on the legal issues of materiality from the SEC’s statement linked here.
Additional information on Flagship and Smith are found in the reports linked below.
As a disclosure and programming notice, MHProNews originally planned to do a report today was going to do a closer look at Flagship’s IR pitch. It is likely too late for them to change it, as much of what our report would have covered is already in hand. That noted, there will be a follow up report by MHProNews that will in the near term focus on Flagship/(TSX: MHC.U). It should shed significant light on why manufactured housing is underperforming during an affordable housing crisis.
Part II – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.
This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.
The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.
In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.
Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.
Headlines from left-of-center CNN Business – from 2.14.2024
- Americans with low credit scores use ‘Buy Now, Pay Later’ more often
- A Boeing 767 passenger aircraft of Delta airlines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024.
- Delta paying $1.4 billion in profit sharing payments to employees
- Taylor Swift poses on the red carpet as she attends the 66th Annual Grammy Awards in Los Angeles, California, U.S., February 4, 2024.
- 1 in 3 Republicans believes baseless Taylor Swift election conspiracy theory, poll finds
- Jim Breyer and Angela Chao attends the AFI Awards Luncheon at Four Seasons Hotel Los Angeles at Beverly Hills on January 12, 2024 in Los Angeles, California.
- Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash
- Starlink satellite antennas are seen at the Internationale Funkausstellung (IFA), the international trade show for consumer electronics and home appliances, on August 31, 2023 during a preview at the fair grounds in Berlin. Starlink is a satellite internet provider operated by Elon Musk’s American aerospace company SpaceX.
- Elon Musk’s Starlink internet service is coming to a Gaza hospital
- A Waymo car drives along a street on March 01, 2023 in San Francisco, California.
- Waymo recalls software after two self-driving cars hit the same truck
- Apple’s Vision Pro headset is on display at Apple’s annual Worldwide Developers Conference at the company’s headquarters in Cupertino, California, U.S. June 5, 2023.
- Mark Zuckerberg reviewed Apple’s Vision Pro headset. Here’s what he had to say about how it compares to Meta’s Quest 3
- The U.S Capitol photographed on Tuesday, Feb. 13, 2024, in Washington.
- AI could disrupt the election. Congress is running out of time to respond
- Wendy’s teams up with another fast food chain on a breakfast item.
- Wendy’s newest breakfast item is made by another fast-food chain
- Bitcoin euphoria is back as investors prepare for the quadrennial ‘halving’
- Only real people can patent inventions — not AI — US government says
- Uber, Lyft and Deliveroo workers in US and UK plan Valentine’s Day strike
- Singles are sick of dating apps. Here’s what they’re doing instead
- William ‘Bill’ Post, who helped invent Pop-Tarts, has died
- An important lesson about your 401(k): Don’t fight the Fed
- Tinder downloads are falling but the dating app era isn’t over yet
- MSCI cuts dozens of companies from its China benchmark amid stock market rout
- Frustrated White House sends letter to press corps, skewering coverage of Biden’s handling of classified files
- A typo in Lyft’s earnings release sends stock soaring – briefly
- Disneyland’s Mickey, Minnie, Donald and Goofy want to join a union
- He was a hero on Alaska Air 1282. Now he’s picketing for ‘livable’ wage
- Beware misleading AI hype and ‘AI-washing,’ SEC chair warns
- Surging restaurant prices are making dining out a luxury
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Headlines from right-of-center Newsmax 2.14.2024
- BOMBSHELL: House Intel Chairman Turner Warns Russia Has ‘Serious National Security Threat’
- The chairman of the House intelligence committee, Rep. Mike Turner, issued an unusual cryptic statement on Wednesday saying the committee had made available to all members of Congress information about an unspecified “serious national security threat.” Sources close to ABC News report that the threat relates to Russia’s plans to place a nuclear weapon in space. [Full Story]
- Israel at War
- Israel Vows to Press Ahead With Rafah Operation
- Hostage Families Press International Court to Probe Hamas Atrocities
- Erdogan Says Turkey Ready to Cooperate With Egypt on Gaza
- IDF Chief: Military Knows How to Return to Combat If Ceasefire Ends
- Israel Proposes Plan for Refugees Ahead of Rafah Operation
- Surge in Aliyah Applications Since War Began
- Abbas Urges Hamas to Exchange Hostages With Israel
- Hamas Leadership Heads to Cairo for Truce Talks
- Newsmax TV
- Donalds: Expect More Threats Under ‘Weak’ Biden
- Meuser: Biden, Dems Gaslighting on Border
- Waltz: Well Past Time to Impeach Mayorkas | video
- Comer: Bobulinski Testimony Damning for Biden
- Brecheen: Biden’s Call to Pass Border Bill ‘Laughable’
- Cloud: ‘Right’ to Impeach Mayorkas Even If Senate Acquits
- Lara Trump: RNC Needs a Leaner, Meaner Strategy | video
- Mills: Senate Foreign Aid Bill Won’t Pass House | video
- Newsfront
- 8 to 10 People Injured After Shooting Near Chiefs Victory Parade, Official Says
- A shooting at the end of the Kansas City Chiefs’ Super Bowl parade left at least eight injured while sending terrified fans running for cover. Fire Department Battalion Chief Michael Hopkins said eight to 10 people were injured but declined further comment, saying only that…… [Full Story]
- Wall Street Ends Higher, Lifted by Uber, Lyft and Nvidia
- Stocks recovered much of their sharp losses from a day before, [Full Story]
- Report: CIA Had Foreign Intel Spy on 2016 Trump Team
- The U.S. Intelligence Community (IC) illegally mobilized foreign [Full Story]
- BOMBSHELL: House Intel Chairman Turner Warns Russia Has ‘Serious National Security Threat’
- The chairman of the House intelligence committee, Rep. Mike Turner, [Full Story]
- Biden Slashes F-35 Jet Order 18% in 2025 Budget Request
- (Adds Lockheed statement, share drop in paragraphs 6-7)By Mike [Full Story]
- Craig Ends Mich. Senate Bid; Detroit Mayor Next?
- Former Detroit Police Chief James Craig has suspended his campaign [Full Story]
- Reuters: US Rejected Putin’s Ukraine Cease-Fire Proposal
- Russian President Vladimir Putin’s suggestion of a cease-fire in [Full Story]
- Related
- Austin Presses for Urgent Military Aid for Ukraine
- Ukraine’s New Army Chief Warns of ‘Extremely Difficult’ Front Line
- Putin Signs Law to Confiscate Assets of War Critics Spreading ‘Fake News’
- Netherlands Joins Coalition to Supply Ukraine With Advanced Drones
- Ukrainian Military Sank Russian Landing Ship in Black Sea
- Russia’s War Effort Sustainable for ‘Two or Three Years’
- Ukraine Faces $9B Reconstruction Cost for Cultural Sites
- Tuberville: US ‘Forced’ Invasion of Ukraine
- S.C. Poll: Trump Extends GOP Lead, Tops Biden by 15
- Momentum and voter enthusiasm are on the side of former President [Full Story]
- Related
- Report: RFK Jr. Staffers Flee ‘Amateurish’ Campaign
- CBS News Poll: Trump Up 35 Points in Haley’s State
- Nikki Haley: ‘Unhinged’ Trump ‘More Diminished’ Now
- Legendary Polish Leader: Western Civilization Needs US Leadership
- Legendary former Polish President Lech Walesa – who created the [Full Story] | Platinum Article
- Jeffrey Epstein Victims Sue FBI, Allege Coverup
- A dozen victims of Jeffrey Epstein filed a lawsuit on Wednesday [Full Story]
- Related
- Jeffrey Epstein’s Brother: ‘Who Had Him Killed?’
- Yellen: Market’s Reaction to Inflation Data a ‘Mistake’
- U.S. Treasury Secretary Janet Yellen said Wednesday that recent [Full Story]
- House Votes to Impeach Mayorkas
- The U.S. House voted Tuesday to impeach Homeland Security Secretary [Full Story]
- Related
- Cloud to Newsmax: ‘Right’ to Impeach Mayorkas Even If Senate Acquits
- GOP Reps Against Mayorkas Impeachment Slammed Online
- ICE Eyes Mass Migrant Release to Address $700M Shortfall
- Steube to Newsmax: GOP Stands Up to Mayorkas on Border |video
- Joe Biden’s Statement on ‘Baseless’ Mayorkas Impeachment
- GOP Lawmaker: Mayorkas Will Take PR Hit With Impeachment |video
- Temu’s Ties to China Puts American Consumers Privacy at Risk
- Boasting heavily discounted items spanning from $3.79 reading glasses [Full Story] | Platinum Article
- Morgan Stanley Laying Off Hundreds in Wealth Division
- Wall Street investment bank Morgan Stanley is planning to cut several [Full Story]
- West Academics Worked on Drone Tech at Iran University
- U.S., U.K., and Australian academics worked on drone [Full Story]
- Democrat Suozzi Wins N.Y. Race to Succeed Santos
- Democrat Tom Suozzi won a special election for a U.S. House seat in [Full Story]
- Related
- Gizzi: N.Y. Race for Santos Seat Previews Dem WH Strategy
- Trump: Losing N.Y. Candidate Pilip a ‘Foolish Woman’
- GOP Probes Soros Ties to ‘Terrorist Sympathizer’ Prof.
- Senate Republicans are probing a $143,000 fellowship awarded by [Full Story]
- Uber, Lyft Drivers Strike Across US, Seeking Fairer Pay
- Drivers for Uber, Lyft, and delivery workers for DoorDash were [Full Story]
- Experts Warn Hospital Cyberattacks Will Increase
- Cybersecurity experts are warning that hospitals around the country [Full Story]
- Trump on NATO Defense Data: Told You So
- Just days after unveiling his plan to end debt-free foreign aid, [Full Story] | video
- FDA Approves First Treatment for Severe Frostbite
- The U.S. Food and Drug Administration on Wednesday approved Eicos [Full Story]
- GOP Pollster Luntz: N.Y. Election ‘Final Wakeup Call’
- GOP pollster Frank Luntz warned House Republicans that the result of [Full Story]
- Trump Thanks Melania for Support in Valentine’s Message
- Former President Donald Trump thanked his wife, Melania Trump, on [Full Story]
- Social Isolation Gives Rise to AI Romantic ‘Partners’
- Derek Carrier started seeing someone and became infatuated, but he [Full Story]
- Newsom’s Homeless Plan May Make Crisis Worse
- Democrat California Gov. Gavin Newsom is urging voters to approve a [Full Story]
- Just 11 of NATO’s 31 Meet 2 Percent; 18 Hoped in ’24
- Eighteen out of 31 NATO countries will hit the target of 2% in [Full Story]
- Judge Weighs DA Fani Willis’ Removal From Trump Case
- A Georgia judge who is deciding whether to toss Fulton County [Full Story]
- Microsoft: Iran, N. Korea, China Trying to Weaponize AI
- Microsoft said Wednesday it had detected and disrupted instances of [Full Story]
- Russia: US Prisoner Swap Can Only Be Done ‘in Silence’
- The Kremlin, asked Wednesday about a possible prisoner exchange with [Full Story]
- Bezos Sells Another $2B of Amazon; $8B More to Come
- Jeff Bezos filed a statement with federal regulators indicating his [Full Story]
- ‘CBS Mornings’ Eyes ABC News’ ‘GMA’ Top Spot
- ABC News is facing a challenging period as “CBS Mornings” narrows the [Full Story]
- More Newsfront
- Finance
- Bitcoin Market Cap Crosses $1T as Buyers Flood in
- The total value invested in bitcoin surpassed $1 trillion Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange-traded funds continued to support cryptocurrency prices…. [Full Story]
- Burry’s Scion Bets on Warner Brothers, Restaurants
- Shein’s IPO Troubles a Sign US Done Selling Out to China?
- Room & Board for Criminals Make Cities War Zones
- Tesla Cybertruck Is a DISASTROUS Vanity Project
- More Finance
- Health
- Holding Hands is Good for Your Health
- There’s nothing more heartwarming than seeing couples walking hand in hand. Holding hands is not only a gesture of affection, but it also has physiological value as well. Research has shown that this simple act helps lower blood pressure, reduce pain and buffer stressful…… [Full Story]
- Aromatherapy May Boost Depression Recovery
- Sarah Snook: Brian Cox Had ‘Terrifying’ Rages on ‘Succession’ Set
- Hot Flashes, Migraine Combo Spikes Heart Risks
- Activities That Help Kids Recover From Concussion
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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.). |
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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 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 those sites get more much more total traffic). Statistics Data Infographics Research Facts Evidence and manufactured housing industry expert analysis make 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.