On another day when stocks broadly declined, some of that academic researcher’s comments will be our spotlight in the featured focus section of our evening report, beyond the left-right media headlines and related daily market updates.
Every Business Nightly – Headline and Graphical Insights-at-a-Glance.
Every weekday night that the stock markets are open, we provide headlines from left-of-center CNN followed by right-of-center Fox Business. It is sometimes surprising how much We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.
Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative spun by some that arguably keeps manufactured housing underperforming during an affordable housing crisis.
Headlines from left-of-center CNN Business
- Farmers are dumping milk
- Getting rid of extra milk now could help ensure Americans have enough later
- On the road: $1 gas could soon be coming to a station near you
- Energy: US faces an ‘unprecedented’ decline in oil production
- LIVE UPDATES Dow and S&P 500 log worst day since April 1
- Production slowdown: US factories have worst month since 1946
- Jobs after coronavirus: The US labor market won’t bounce right back
- Shopping: US retail sales record biggest drop on record
- Opinion: Renters are desperate for more help
- Makers: He was building rockets. Now he’s taking on America’s ventilator shortage
- Analysis: Americans hold the key to reopening the economy
- She got her stimulus payment. Here’s how she plans to use it
- Meet the new $399 iPhone
- Amazon suspends deliveries in France
- JCPenney misses debt payment among reports of bankruptcy preparations
- Apple and Google want your phone to become a coronavirus tracking device. Can it really work?
- Activision Blizzard CEO gives his personal phone number to 10,000 employees
- Workers across the globe are suffering. 16 of them share how they’re trying to hold on
Headlines from right-of-center Fox Business
- JC Penney to miss $12M loan payment as retailer mulls bankruptcy
- ECONOMY
- America to run out of paycheck protection cash for small biz later today
- Both Democrats and Republicans want to add $250 billion to the small-business aid program, but have been sparring for days over whether to add restrictions to the funds.
- Oil prices sink to 18-year low as inventories swell at historic pace
- DEVELOPING
- Explosion rocks Maine paper mill
- Stocks tumble as market damage mounts
- Pork plant’s coronavirus cases surpass 500
- WHO says US has been ‘generous friend’
- Industrial production nears WWII levels
- Best Buy furloughs 51,000 employees
- What to do if you haven’t gotten relief check
- How to get your stimulus via direct deposit
- Trump: At least 29 states ‘ready’ to reopen
- Mortgage industry calamity is looming
- Saudi energy minister on historic oil deal
- Free life insurance for health care workers
- Mark Cuban on coronavirus economic advisory role: I’m all in
- Coronavirus pushes WWE to furlough employees, release stars
- Potbelly secures $10M small biz loan days after exec takes $100K bonus
- Possible Chinese nuclear testing stirs US concern
- SEE IT: Apple just released its cheapest iPhone on the market
- Branding company sues NBA superstar’s wife for ‘gutting’ its value
- Americans checking their bank account for stimulus checks break websites
- Coronavirus sedatives in short supply could be found in states’ lethal injection stockpiles, doctors say
- Government sends famous steakhouse chain $20M in coronavirus relief
- Elon Musk’s mother raising funds for coronavirus-impacted fashion industry
- Home Depot co-founder Bernie Marcus on reopening America
- Martha Stewart comes clean about drinking after bizarre Instagram post
- Tax Day is no longer April 15 this year, but you can still file for a refund
- Coronavirus lockdown protesters ‘gridlock’ Michigan streets
- These companies are hiring right now
- WATCH: Cable guy goes virual
- The common financial shortfall that’s worsening coronavirus suffering
- Smithfield Foods CEO warns of virus impact after giant pork plant forced to close
- Chick-fil-A changing payment options at locations — make sure you bring this
- How long China waited before warning public of coronavirus pandemic
- How retirees benefit from the coronavirus stimulus package
- WATCH: Sen. Graham says incentives may encourage people to stay out of work
- Bank of America joins rivals with $3.6B buffer from coronavirus loan defaults
- Elizabeth Warren endorses Joe Biden weeks after ending presidential run
- Dozens of grocery store employees dead from coronavirus, thousands exposed: union
- WATCH: Saudi Energy Minister denies US shale industry was a target as oil collapsed
- Fuel demand suffers ‘unprecedented’ drop
- Varney: How coronavirus has ‘forever changed’ US-China relationship
- Goldman Sachs profit halves on higher loan loss provisions, investment hit
- Global coronavirus cases surpass grim milestone
- EXCLUSIVE: These high-profile Dems pushing Biden to pick Cuomo as running mate
- Trump halts World Health Organization funding pending review
- MLB to have 27 teams participate in coronavirus antibody test
- NHL commissioner hints at when players may be able to return to ice
- Weekly mortgage applications increase, as record-low interest rates spur refinance rush
- Would you give up health or location data if it meant returning to work?
- When is your coronavirus stimulus check arriving? Here’s how to track it
- Airlines, Treasury reach deal on $25B coronavirus relief package
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
First, the summary of statements from an academic researcher involved in a multi-year manufactured housing related project.
In off-the-record comments, the source explained their specific interest in HUD Code manufactured homes, not just any kind of factory-built housing.
While the academic made it clear that their research pre-dated the COVID19 outbreak, now more than ever, they believe that manufactured housing could be poised for serious growth post-pandemic.
The reason, sadly, would be that the savage economic impact on millions of Americans. It is entirely possible that many won’t be able to afford more than a manufactured home.
There was much more, which may be explored at a future date, but let’s unpack those thoughts.
MHProNews Analysis and Commentary
The reasoning and logic advanced by that researcher was solid. On paper, there are several reasons for manufactured home industry professionals to feel empathy for the millions harmed by what the anti-communist Epoch Times has dubbed the Chinese Communist Party virus or CCP virus.
But a caveat is in order. By accident and/or design, the manufactured housing industry’s self-proclaimed preeminent trade group has failed to properly promote the industry’s potentially strong hand. The Manufactured Housing Institute (MHI) based in Arlington, VA seems to engage in what could be a Laurel and Hardy style slapstick comedy routine, where the scenario not so serious. An example of arguably ineptitude and failure to connect the dots on their own website and messaging was in evidence today when MHI sent out a document with part of a new graphic that is contradicted by at least 2 places on their own website.
While acknowledging potential, many of the roadblocks facing manufactured housing are internal. The examples above make this point. If MHI can’t get and keep their own facts straight in their own emails, why should people in or out of manufactured housing be surprised that they can’t or don’t properly promote good existing laws for the benefit of industry independents and potentially millions of consumers?
It’s elements of the Manufactured Housing Improvement Act of 2000 (MHIA or 2000 act) and the flexibility in building methods that are among the attractions for that university researcher and others peering into the world of manufactured housing.
A new whistleblower report makes it clear that people within the MHI and affiliates circle aren’t happy campers.
Why should MHI independents be satisfied? After all, Lesli Gooch, Ph.D., has by another whistleblower been revealed to have significant conflicts of interest. What she seems to be superb at is escaping accountability for failures to do her job successfully and for apparent conflicts of interest. That is a reflection on the MHI executive committee and board of directors, isn’t it?
These are the among those accountable for industry underperformance.
MHI and their “leadership” are ever more apparently being revealed to be ineffective at best or corrupt at worst, take your pick. Who does that benefit? Consolidators.
MHI and their leaders are unwilling or unable to discuss, debate or refute these increasingly self-evident facts. It is their own corporate and association leaders that are now making the point that MHProNews has argued is the reality for years. Instead of dealing with it, MHI and their ‘leadership’ posture and attempt to distract with Razzle Dazzle methods and meaningless photo ops. But the industry’s lethargy speaks to their actual effectiveness.
See the related reports for more.
Related Reports:
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Spring 2020…
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.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our tenth anniversary and is in year 11 of publishing.
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· 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.
Disclosure. MHProNews holds no positions in the stocks in this report.
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 MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and 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.
http://latonykovach.com
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
