Sarah Wheeler, “Editor in Chief at HousingWire” has known since about Wednesday Oct 6, 2021, that there are concerns about Manufactured Housing Institute (MHI) CEO Lesli Gooch, Ph.D. But let’s hold that for a few minutes. It is Wednesday once more. Chris Plante routinely explains that Wednesday is Hump Day at the Clinton Household, and perhaps for millions of others across the U.S. Because HousingWire appears to have a cozy relationship with MHI and its CEO, Lesli Gooch – illustrated by the point that she has been named “for the third year in a row” – to a list of dozens and dozens of women involved in housing dubbed as “Women of Influence.” Per the publication: “HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements.” So, what are the “impressive achievements,” pray tell, that MHI CEO Gooch performed to merit this incredibly high honor for three consecutive years? Does money change hands for this “impressive” honor, or is the matter handled in other ways? Is it coincidental that this announcement by MHI follows so closely in the wake of the Biden-Trump debate in which millions were sent into shock that the White House Resident is apparently not running the federal government, given that leaks are revealing a light schedule and multiple concerns. At least two Congressional Democrats are on the record questioning Biden’s fitness. Former House Speaker Nancy Pelosi (CA-D) has cagily said both major candidates need to be tested, even though it is her party’s nominee that performed poorly. Pelosi is cited by left-leaning NBC News as saying it is it’s a ‘legitimate question’ whether Biden’s debate performance was a ‘condition’ or just an ‘episode.’ Democratic governors, donors, and supposedly some 25 elected Democrats are preparing discussions and announcements that seem to have the common theme of replacing Biden at the top of the Democratic ticket. While some on the left are now acknowledging Biden’s woes more openly, others are still in denial, say there should be no change in their ticket. Merriam Webster defines gaslighting as: “the act or practice of grossly misleading someone especially for one’s own advantage” and “psychological manipulation of a person usually over an extended period of time that causes the victim to question the validity of their own thoughts, perception of reality, or memories and typically leads to confusion, loss of confidence and self-esteem, uncertainty of one’s emotional or mental stability, and a dependency on the perpetrator.” The Newport Institute explains that gaslighting is: “Lying about or denying something and refusing to admit the lie even when you show them proof. Insisting that an event or behavior you witnessed never happened and that you’re remembering it wrong.”

Gaslighting at the White House? Surely not! But it is Wacky Wednesday.

When I asked @POTUS on January 19, 2022, “with utmost respect for your life accomplishments and the high office you hold,” why the electorate harbored such profound concerns about his cognitive fitness, it was considered rude, and I was blackballed in briefings for eight months. pic.twitter.com/oewwYTPpgO

— James Rosen (@JamesRosenTV) June 28, 2024

Some might say, ‘Well James Rosen works for Newsmax, which is right-leaning.

How about left-leaning Carl Bernstein, and CNN? Note that Bernstein clearly says there were numbers of instances that media observed problematic episodes involving Biden. The debate performance, said Bernstein: “was not a one-off.” “There were at least 15 or 20 [previous] occasions” that insiders and certain media were well aware of, which begs the question. That being so, why hasn’t there been an outcry about a cognitively and physically impaired leader from across the left-right media divide dating back to before Rosen’s polite question above?  Where was the public call from people in government, from Democratic officials, for invoking the 25th Amendment? Or was this a clear case of party, politics, and special interests over the needs of the country?

Journalist Carl Bernstein calls President Biden’s debate performance a “horror show.”pic.twitter.com/IG3lWzFAXi

— The American Conservative (@amconmag) July 3, 2024

Gaslighting at MHI? Surely not! But it is Wacky Wednesday.

And, as Plante says, it is Hump Day.

Part I will provide the text from the MHI “news” post about Gooch’s latest ‘honor.’ Part II will provide additional information with more MHProNews analysis, including communications between MHProNews and Sarah Wheeler for Housing Wire. Part III is our Daily Business News on MHProNews market recap.

Part I

On MHI’s website’s news page on July 2, 2024 is a post identified by MHI as:

News Type 

Industry News.

First time or newer readers should know that quoting MHI is not to be construed as an endorsement of that trade group. Not only is this an evidence-based but nevertheless satirical “Wacky Wednesday” it is also an editorial news-analysis, which in fairness will present what MHI themselves had to say on this incredible honor for Madam Dr. Her Highness Gee How Smart and Accomplished She is, Lady Gooch.

Sarah,

Sarah Wheeler

5)

‘Misleading but Accurate’ Affordable Housing Claims? Lesli Gooch, Ph.D., CEO of Manufactured Housing Institute as “Top 100 Lobbyist” – Media Agenda, Regulatory, Scandals, Paltering, and Op-Ed Fact Check

The Hill recently fueled a housing industry controversy by naming Lesli Gooch, Ph.D. and CEO of the Manufactured Housing Institute (MHI) as one of Washington D.C.’s top 100 lobbyists. Really? What were the bases for their assertion? Given the raging affordable housing crisis and manufactured housing’s apparent and documented underperformance, these are $64 billion dollar questions within the industry that potentially have trillions of dollars in U.S. housing market ramifications.

Facts and evidence should matter. The metrics for this fact-check and analysis of the Hill’s claim of Gooch as being one of the top 100 lobbyists will be simple.

• Compare declarations by MHI’s and Gooch’s stated goals versus the trade group’s actual outcomes.
• Reviewing MHI goals vs. actual outcomes reveal a complete disconnect. A brief survey from recent media and formal MHI comments letter by Gooch cited herein demonstrates that point.
• What follows will also serve to explain why the affordable housing crisis is raging. Because Lawrence Yun with the National Association of Realtors said only more housing production will solve the affordable housing crisis.

The Washington Post’s Beth DeCarbo said on 9.9.2021 that: “The [Manufactured Housing] institute touts manufactured homes as one solution to the shortage of affordable housing, and it lobbies policymakers to address restrictive zoning practices that make it difficult for some buyers to find land for their unit. “While localities may not admit they’re keeping us out, they have rules that affect manufactured homes,” Gooch said.” Surely, The Hill was aware of that report?

If so, did those at The Hill responsible for their top 100 lobbyist selection stop to think about how that one paragraph blows up the notion that Gooch is a successful lobbyist?

• After all, how can MHI tout manufactured housing as a solution for the shortage of affordable housing while admitting that localities are successfully keeping manufactured homes out?

On 9.7.2021 Gooch said via HousingWire: “MHI has documented with dozens of examples in recent comment letters, NIMBYism with respect to manufactured homes is unfortunately alive and well in many local communities.” True enough.

Gooch, in her op-ed via HousingWire, admits financing woes and zoning/placement issues hamper manufactured housing. She further stated that there are existing laws requiring various federal agencies to provide specific support for manufactured housing that are not being enforced.

• To be clear, based on the evidence, Gooch is arguably correct on that claim.
• But given that reality, that is once more an admission that MHI has failed to get existing laws enforced. On what planet does failure to get favorable existing laws enforced make Gooch a top 100 lobbyist?

There is a surprising answer to that question, but in fairness, more evidence is warranted.

Gooch said “A 2000 law created what is called preemption or supremacy, which states that when HUD manufactured housing construction and safety standards are in effect, a locality does not have authority to establish different standards. The statute requires this provision to be “broadly and liberally construed.” Once more, there are industry voices that concur with her statement. But they do so with more specificity than Gooch used. Why didn’t Gooch name that 2000 law, for the benefit of the media, researchers, housing advocates, and elected and appointed officials?

• She was referring to the Manufactured Housing Improvement Act (MHIA).

Keep in mind that affordable housing and manufactured home advocacy didn’t begin in 2021 with the dawn of the Biden Administration. Gooch knows prior HUD Secretary Ben Carson praised manufactured housing. Carson pledged a new era of cooperation with manufactured housing as part of a broader plan to solve affordable housing and social equity in wealth creation for people of modest means.

Just a few weeks after Dr. Carson’s positive statements and commitments, on 7.19.2019 Gooch addressed a letter on MHI’s behalf to HUD Secretary Ben Carson in response to HUD Docket No. FR-6141-N-04. Gooch said in part:

“4.) HUD Must Implement and Enforce its Enhanced Preemption Authority

MHI Proposes that HUD shall issue a revised and updated policy statement regarding the Department’s position concerning preemption and state and local zoning, planning, or development restrictions that either severely limit or outright prohibit manufactured housing.”

• Again, true enough. But why is there no evidence that Gooch or anyone with MHI pressed Dr. Carson in person on manufactured housing’s federal preemption?
• Why is there no known evidence of any reply from HUD or Dr. Carson on Gooch’s request for MHI of 7.19.2019?

On 2.1.2012 Cavco Industries Manuel Santana, on MHI’s behalf, addressed the Hearing on Implementation of the Manufactured Housing Improvement Act [MHIA] of 2000. Note again that Gooch alluded to the MHIA with HousingWire, admitting the enhanced federal preemption provision “statute requires this provision to be “broadly and liberally construed.”

With that in mind, Santana said: “HUD has failed manufactured housing,” asserting the MHIA’s “enhanced preemption” was not properly enforced, as did several others who testified.

• In what sense did Gooch earn top lobbyist status on zoning when MHI and Gooch have repeatedly said that the MHIA and “enhanced preemption” are not being properly enforced decades after enactment?

Next, Gooch told HousingWire “Fannie Mae and Freddie Mac have a statutory “Duty to Serve” (DTS) manufactured housing” that “Unfortunately, their preliminary DTS plans actually call for a decrease in loan purchases of real estate manufactured homes.” She said: “since chattel loans (home-only manufactured homes) make up 75% of new manufactured homes, it is critical that Fannie and Freddie DTS plans have a strong chattel loan component.”

Five years ago, Gooch disputed CFED’s (since rebranded Prosperity Now) Doug Ryan troubling assertions in AmericanBanker. Ryan claimed MHI was thwarting the DTS mandate to benefit Clayton Homes’ profitable lending. Bear in mind that the Housing and Economic Recovery Act of 2008 (HERA) made DTS law.

Some 6 years later, Prosperity Now, several MHI members, and others wrote FHFA to ensure that Fannie and Freddie properly implemented DTS via competitive home-only or ‘chattel’ lending. MHI failed to sign onto that 10.20.2021 request.

Gooch admitted FHFA and the GSEs failed to enforce DTS. But by failing to even sign onto a letter that some of her own members supported to get the 2008 DTS mandate enforced, Gooch de facto demonstrated what Ryan alleged.

Restated, Gooch and MHI seem to fit the classic definition of paltering.

• So, in what sense did Gooch earn top lobbyist status for failing to achieve enforcement of laws that have existed for 13 years to two-plus decades?
• Hold those thoughts because a surprising answer is coming.

Former MHI VP, MHARR founding CEO, and RV/MH Hall of Famer Danny Ghorbani sarcastically said MHI does well on promoting photo ops with public officials, but is “bereft” on delivering “tangible results.”

Manufactured Housing Association for Regulatory Reform (MHARR) President and CEO Mark Weiss, J.D., has repeatedly alleged that MHI is posturing without preforming.

For outsiders looking in, MHI is several times the size of MHARR. Further, MHARR is a producers’ trade group, while MHI says they serve “all segments” of manufactured housing, both production and post-production.

• Zoning, placement, finance – these are post-production issues that fall into MHI’s bucket of self-asserted responsibility.

So, how is Gooch delivering as an MHI lobbyist? For the startling answer, someone should dive into Samuel Strommen with Knudson Law’s well-documented allegations about MHI and their dominating brands.

“The Manufactured Housing Institute acts not only as the public mouthpiece of the Big 3 [i.e. Clayton Homes, Skyline Champion, Cavco Industries] manufacturers (in the name of the industry) but also appears to act directly on its behalf in its various lobbying endeavors⁹⁵.”

Strommen “submits that the MHI’s conduct in obfuscation of judicious decision making by the [FHFA and HUD] constitutes a conspiracy to restrain trade under Section 1 of the Sherman Act, and by virtue of the misrepresentative nature of the conduct, [MHI] should not be afforded Noerr protection.” Ouch.

Ryan’s AmericanBanker column made a complimentary claim: “Time to End the Monopoly Over Manufactured Housing.”

MHI award-winner Marty Lavin said: “So the association [MHI] is not there for the “industry,” unless the interests of the Big Boys join the industry’s.”

When statements by publicly-traded “Big Boy” firms that are MHI members are examined, a common refrain is they want to “consolidate” via “acquisitions” a “fragmented” industry.

Before pressing the claim by various voices that MHI is working for consolidation and monopolization by a few dominating brands, in fairness, MHI has an antitrust statement.

But objectively, Berkshire Hathaway, MHI, and their inside/outside representatives have repeatedly declined to publicly discuss or respond to evidence-based claims involving MHI and their key members. They won’t respond to what Strommen says is evidence of “felony” antitrust violations.
MHARR has repeatedly said Congress and federal officials need to investigate how good laws languish 13 to 21 years after they were enacted.

As was noted, Congress probed the failure to get the Manufactured Housing Improvement Act properly implemented in 2011–2012 with respect to HUD. But since then, evidence has emerged from publicly-traded firms that consolidation is the unstated MHI goal.

Even the SEC suit against Cavco, which includes MHI’s former chairman, obliquely points toward consolidation.

So, perhaps The Hill should have clarified what metrics were used for awarding Gooch top-lobbyist recognition? Don’t statements shown herein reflect how Gooch and MHI merit Gooch the surprising paltering-for-consolidators award?

After all, how many manufactured home independents would be MHI members if they openly stated that their actual goal is oligopoly-style monopolization of the industry? Because even Kevin Clayton told Congress that dramatic business failures – and consolidation – occurred due to failure to get the MHIA and DTS laws enforced.

Before discounting these concerns as merely conspiratorial or outliers, bear in mind the bookend research by Minneapolis Federal Reserve experts. James A Schmitz Jr, Mark J. Wright, David Fettig, other researchers and economists such as Arilton Teixeira and James Cochran repeatedly made the point that “Solving the Housing Crisis will Require Fighting Monopolies” and that “Monopolies Inflict Great Harm on Low- and Middle-Income Americans.” They approach the troubling evidence and claims of monopolization in manufactured housing differently than Strommen and Ryan. But their evidence and research also specifically asserted that manufactured housing is being deliberately and negatively “sabotaged” by HUD, builders, and nonprofit advocacy. Given the evidence linked herein, are Schmitz and his colleagues’ claims sounding familiar?

When Gooch and MHI were asked to weigh in on a zoning/placement issue in Ayden, NC, local media and Mayor Pro-Tem Ivory Mewborn there specifically stated MHI didn’t bother to respond.

For 50 years, per HUD’s Pamela Blumenthal and Regina Gray, regardless of Democratic or Republican administrations, the issues causing the lack of affordable housing crisis have been known to trace back to zoning and other regulatory barriers. That HUD admission merits Congressional and other federal inquiries. How is it possible that 5 decades of HUD programs – when the solutions are known – have failed to substantively change the U.S. housing landscape?

Let’s sum up while revealing the harsh consequences of the status quo.

• A widely bipartisan group of lawmakers enacted both HERA 2008 and its Duty to Serve (DTS) Manufactured Housing and the MHIA and its “enhanced preemption” as tools to create a pathway to more affordable homeownership.
• The MHIA and DTS were designed to increase homeownership.
• MHI and Gooch have periodically admitted those points.
• But the facts reveal that the national rate of homeownership has declined since the MHIA was enacted.
• Dozens of nations that often have far lower per-capita income have a higher rate of homeownership than the U.S.
• This isn’t a coincidence, according the logic of the late Senator William Proxmire.
• Rather, this suggests serious levels of either incompetence or corruption.
• The time for Congress and other public officials to seriously explore these evidence-based concerns with subpoena power is long overdue.
• “Felony” monopolization, as Strommen alleges with evidence point to MHI and their dominating brands. Under the Sherman Act, his allegations carry stiff fines and up to 10 years in prison, upon conviction and potentially millions in fines.
• Hopefully this fact-based analysis will spark interest by mainstream media, authentic (vs. ersatz) advocates, public officials, and others to realize that several multi-billion to multi-trillion dollar scandals have already occurred in the 21^st century alone.

When HUD’s Blumenthal and Gray admit that 5 decades of posturing without performance has occurred with respect to affordable housing, why should anyone be surprised that this is taking place with manufactured housing?

Evidence-based concerns have been raised from within and beyond manufactured housing. These include fact-based allegations raised with Gooch present. One would think that if MHI and their dominating brands could debunk the concerns cited herein they would have done so.

So, the bottom line about Gooch’s award from the Hill for being a top lobbyist? How about the paltering and posturing for consolidators lobbying award? ##

L.A. “Tony” Kovach

Kovach is the co-founder of MHProNews and MHLivingNews, and is the winner of numerous awards in history, including the Lottinville Award from the University of Oklahoma.

Kissimmee, FL
832-689-1729 (Cell). Land line (407) 350-3093.

###

Sarah, the above is the same as the attached. Kindly confirm you have received this op-ed response. Thank you.

Tony …”

6) That message and various follows ups drew no response. There was no known publication of that submitted op-ed by Kovach for MHProNews to HousingWire, even though Wheeler had said “Yes, we would welcome an op-ed from your point of view. We don’t have a word-count limit…” (see her full reply above).

Note that the message pre-dates some, or perhaps all, of the “Women of Influence” selections by HousingWire of Gooch. Did HousingWire go to the same award seminar that MHI did when they list individuals and/or organizations as ‘award winners’ who have apparent evidence of problematic behavior, conflicts of interest, or even potentially illegal wrongdoing? The following are much more recent examples than the examples linked above submitted to HousingWire.

MHProNews notes about the above that on 7.3.2024 the views some 3 years later is still only up to 31. Per YouTube: “31 views 3 years ago.” Out of an estimated 75,000 full time employees in manufactured housing, per MHI member Cavco Industries (CVCO) in prior Investor Relations (IR) pitches, only 31 views in 3 years? Out of 535 members of Congress, and thousands of staffers, or other public officials that MHI engages with, only 31 total views in three years? How “influential” can Gooch (or Bowersox) be? But the examples of just how problematic MHI’s performance has been can aptly be illustrated in the following. 

7) That industry consolidation is a big part of the game at MHI is not a secret. Prominent MHI members have said so openly, and/or have demonstrated consolidation by their behavior. It seems that it is OKAY for the industry to underperform, so long as consolidation continues at a crisp pace. MHI member firms openly brag about “barriers to entry” into manufactured housing.

Triad Financial Services–ECN Capital ‘Significant Barriers to Entry’ ‘Blackstone Partnership Extended-Expanded’-4 Year Trends w/Fed Funds Impact on MH-Negative YTD Returns-More; plus MHMarkets

8) Consider the two posts from MHARR, linked above. Neither of those topics have made MHI’s “news” as of 7.2.2024. But Lesli Gooch, Ph.D., Wonder Woman Extraordinaire being named as a “Woman of Influence.” Said HousingWire and MHI: “Dr. Lesli Gooch has been a driving force in reshaping the perception of manufactured housing among the public and policymakers across bipartisan lines. Her relentless advocacy has propelled manufactured homes from being stigmatized to being widely recognized as a solution to the nation’s housing shortage and as a way to make the American dream of homeownership possible.” If that is so, then why is manufactured housing underperforming so badly in the 21st century based on pesky facts, as MHARR, MHProNews, and MHLivingNews has all pointed out for years?

Excuse me, HousingWire? Pardon me, MHI? Who exactly decided the criteria for this supposed “award” for a “Woman of Influence?” Do you see why the headline says Gaslighting 2.0?

9) To the point raised above about MHI and awards, it may well be the HousingWire and MHI share in the notion that the illusory effect is perfectly fine with them.

10) The nature of a con, and the nature of gaslighting, is that even if questioned, the Gaslighters (and/or the con artist(s) in question) deny or ignore evidence to the contrary. That is what has been apparently occurring with Joe Biden for years. Given that involves the lofty environs of the White House, is there any reason not to question MHI and HousingWire? When journalists, academics and media personalities have admitted numbers of times for over a decade that news is often manipulated, why should there be any hesitation in asking what is going on with MHI and HousingWire?

11) MHProNews plans to ask MHI and HousingWire to respond to these concerns. Even if there are some satirical elements, the subject itself is sobering. Who says? MHI’s prominent member, Cavco Industries. There are millions of housing units needed. Yet, as MHARR recently pointed out, in 15 of the last 17 years, manufactured housing has produced under 100,000 new homes nationally for the entire year. In what sense is this a successful partnership between HUD and MHI? Quoting MHI and HousingWire: “This year marks 50 years since the passage of the National Manufactured Housing Construction and Safety Standards Act, which authorized the Department of Housing and Urban Development to establish construction standards for manufactured homes. The successful partnership with HUD is a testament to Gooch’s diligence in leading the industry and her efforts to pass the bipartisan Manufactured Housing Affordability and Efficiency Act of 2023, which reaffirms HUD as the sole regulator of manufactured housing, will protect the quality, durability, safety and affordability of manufactured homes. …”

That remark fails to mention that “the bipartisan Manufactured Housing Affordability and Efficiency Act of 2023” did not get enacted.

Consider this Q&A with Bing’s AI powered Copilot.

Copilot, the Manufactured Housing Institute (MHI) has put out what might be described as a posturing and paltering item praising their CEO Lesli Gooch as a “Woman of Influence.” https://www.manufacturedhousing.org/news/2024-woman-of-influence-lesli-gooch/ It mentions, for example, that Gooch-led MHI: “the bipartisan Manufactured Housing Affordability and Efficiency Act of 2023, which reaffirms HUD as the sole regulator of manufactured housing, will protect the quality, durability, safety and affordability of manufactured homes.” But isn’t it true that the act was only passed by the House, and has not been passed by the Senate? Isn’t it true that Gooch led MHI and Cavco’s Bill Boor have said that the HUD should enforce “enhance preemption” under the Manufactured Housing Improvement Act of 2000, which almost a quarter of a century after enactment, is not yet been properly or consistently enforced? Aren’t there years of examples of apparently misleading statements by MHI which are belied by production less than 25 percent of what the industry achieved in 1998, even though the U.S. population has grown? Review the facts and concerns in question about the Manufactured Housing Institute, concerns about documented conflicts of interest by Lesli Gooch, and link examples of why both MHI members, past and present, as well as others outside of the association, have slammed the group as not being effective at getting existing federal laws that could boost manufactured housing if they were properly enforced?

 

 

 

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

13) Cavco’s own IR pitch makes the point that a lack of affordable housing is costing the U.S. economy some $2 trillion dollars a year. How does that square with the praise from MHI and HousingWire for Wonder Woman Gooch?

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

14) Did Wheeler and HousingWire ignore the information they were emailed, as shown above? Even if they decided not to run that evidence-laced op-ed, how could Wheeler and HousingWire give an ‘award’ to someone who is swirling with evidence of scandals and a lack of performance for the manufactured housing industry? Did they do a Google search on Gooch to see the array of troubling information, such as what is linked and shown herein?

MHProNews plans to reach out to Gooch, MHI, HousingWire and Wheeler for a response to this sadly serious, seriously sad, as well as sardonic and satirical Wacky Wednesday report. Stay tuned. ##

Disgraced non-binary former Biden admin nuclear official Sam Brinton will be held in MEN’S jail https://t.co/WKiNqQnB0R pic.twitter.com/zrgtOxIGlu

— Daily Mail US (@DailyMail) May 24, 2023

Curious times we live in…curious indeed…

Democratic Rep. James Clyburn on the possibility of replacing Biden with Kamala: “I will support her if he were to step aside. This party should not, in any way, do anything to work around Ms. Harris. We should do everything we can to bolster her.” pic.twitter.com/YCjVKMBHhu

— TheBlaze (@theblaze) July 2, 2024

PS: With problematic polling, is it time to cue Biden’s replacement? Will it be “big Mike?” Gavin? Gretch? Kamala? Hillary? Posing that, ponder this. If even a ‘PINO’ CINO like Joe Biden can get run out of office, or so it seems, then why is it that at MHI, with over two decades of 21st century failures by the manufactured home industry in clear evidence, where is the evidence that the powers that be at MHI want to make a change away from Gooch and move toward actual growth policies?  The truth is hiding in plain sight. It often does.

Part III – 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 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 – 7.2.2024

• America’s red-hot job market just won’t quit
• President Joe Biden at CNN’s debate on June 27, 2024.
• Biden’s mental fitness could have been better covered leading up to the debate, some White House reporters acknowledge
• Vehicles sit in a row outside a dealership, June 2, 2024, in Lone Tree, Colo. Car dealerships across North America have faced a major disruption this week. CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, was hit by back-to-back cyberattacks on Wednesday, June 19, 2024.
• CDK Global says ‘substantially all’ dealers are back online after a crippling hack
• President Joe Biden
• Biden has scheduled his first interview after his shaky debate performance
• An aerial view of housing in Los Angeles in March 2024.
• State Farm again is seeking huge increases in home insurance rates in California
• Pedestrians walk past a Mattress Firm Holdings Corp. store in San Francisco, California, U.S., on Tuesday, March 24, 2020.
• FTC unanimously moves to block $4 billion merger of mattress giants
• General view of the Bank of America headquarters on July 18, 2023 in New York. Bank stocks rose on higher earnings reports from some of the largest names in the industry that pointed to a better outlook than investors had expected.
• US judge’s financial conflict leads to revived lawsuit against big banks
• AUSTIN, TEXAS – MAY 31: Tesla Model Y vehicles sit on the lot for sale at a Tesla car dealership on May 31, 2023 in Austin, Texas. Tesla’s Model Y has become the world’s best selling car in the first quarter of 2023. (Photo by Brandon Bell/Getty Images)
• Tesla sales fall again as more automakers crowd electric vehicle market
• Former US President Donald Trump during a campaign event at the Liacouras Center at Temple University in Philadelphia, Pennsylvania, US, on Saturday, June 22, 2024.
• You may now own a piece of Trump Media – and not even know it
• 21 3 16-CREAMERY 0029 Mansell.jpg
• Inside the school that teaches big name brands how to make ice cream
• The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
• Investors just got an inflation wakeup call. Will they answer?
• The short seller that took on Gautam Adani made surprisingly little money
• Thousands of homeowners are about to get slammed with higher monthly payments
• Sizzling out? As peak barbecue season begins, fewer Americans are buying grills
• Chewy shares fall after surging on revelation of ‘Roaring Kitty’ meme trader’s 6.6% stake
• Trump Tower is coming to Saudi Arabia
• Redbox owner Chicken Soup for the Soul files for bankruptcy
• Hunter Biden sues Fox News over ‘mock trial’ miniseries
• French election results boost stocks and the euro
• This electric car battery takes less than 5 minutes to charge
• Cup Noodles wants to rethink the way you eat ramen with new s’mores flavor
• Meta accused of breaking European law with its ‘pay or consent’ model

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

 

Headlines from right-of-center Newsmax – 7.2.2024

• CNN Poll: 75 Percent Say Biden Hurts Dems’ Chances
• The numbers were driven by Democrats and Democrat-leaning voters, who said the party has a better chance of winning with someone other than Biden (56%), with 43% saying the party’s chances are better with him, reported CNN. [Full Story]
• Israel at War
• Netanyahu: IDF Nearing ‘End Stage’ Against Hamas Terror Army
• UK Authorities Accused of Hiding Funds Tied to Terror Groups
• 2 IDF Soldiers Killed in Battle in Central Gaza
• Lawsuit: Iran, Syria, NKorea Supported Oct. 7 Attack
• IDF Dismantles Terror Infrastructures, Including in UN Schools
• IDF: Uncovered Tunnel Used to Make Rockets
• Israel Orders Palestinians to Flee Khan Younis in Gaza
• IDF Dismantles Terror Cells, Including at UN Schools
• Iran Ramps Up Hezbollah Weapons Shipments
• Newsmax TV
• Tenney: Obama Really Running Govt
• Huckabee: Ruling ‘Doesn’t Mean Presidents Are Kings’ | video
• Fetterman: Stop Charitable Funding of Hamas | video
• Alex Phillips: UK Media Pressing for Labour Victory | video
• Will Scharf: Evidence in N.Y. Trial Falls Under Immunity | video
• Matt Whitaker: Dems Daft Over High Court Ruling | video
• Wesley Clark: Iran Behind Elevated Threat Level | video
• Napolitano: Sorry AOC, Can’t Impeach Justices | video
• Newsfront
• Trump’s N.Y. Sentencing Bumped to Sept. After High Court Immunity Ruling
• Former President Donald Trump’s sentencing in his Manhattan case has been postponed to September after the judge agreed Tuesday to weigh the possible impact of a new Supreme Court ruling on presidential immunity. Trump had been scheduled to face sentencing July 11 on his…… [Full Story]
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click the image and follow the prompts.

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

APO = Apolo Global Management – bought Inspire Communities

BAM = Brookfield Asset Management – owns and invests in manufactured home communities (MHCs).

BLK = BlackRock – conglomerate has investments in firms and operations involved in manufactured housing.

BRK-A = Berkshire Hathaway – includes outright ownership of Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance, other manufactured home industry linked firms (MHC brokerage, suppliers, etc.).

BX = Blackstone – Blackstone Group LP has made its first big bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc.

CDPYF = Canadian Apartment Properties Real Estate Investment Trust – also has manufactured home communities (MHCs).

CIGI = Colliers International Group Inc. – The Manufactured Housing and RV Group “We Assist Owners and Investors with Disposition, Acquisition, and Financing for Manufactured Housing Communities and RV Parks.”

CG = The Carlyle Group – has manufactured home communities investments.

CSGP = CoStar Group – is commercial real estate’s leading provider of information, analytics and online marketplaces. They acquired listing service Homes.com.

CVCO = Cavco Industries – manufactured home and other factory-built housing production, retail, finance, insurance.

ECNCF = ECN Capital Group – includes manufactured home lender Triad Financial Services.

ELS = Equity LifeStyle Properties – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations, and parent to Datacomp/MHVillage.

FGF = FG Financial Group – FG Communities “Owns and Operates Growing Portfolio of Manufactured Housing Communities.” KEY = KeyCorp – manufactured home community financing and manufactured home single-family mortgage financing.

KMMPF = Killam Apartment REITs- (includes manufactured home communities (MHCs).

LCII = LCI Industries – components for the manufactured home industry and others (RVs, housing, etc.).

LEGH = Legacy Housing – produces manufactured homes, tiny houses, retail, and captive finance operations.

LPX = Louisiana Pacific Corporation – components for the manufactured home industry and others (housing, etc.).

MHC-UN.TO = Flagship Communities Real Estate Investment Trust (REIT).

MHPC = Manufactured Housing Properties – land lease manufactured home communities (MHCs).

MMI = Marcus and Millichap – commercial real estate brokerage services that include land lease manufactured home communities (MHCs).

NOBH = Nobility Homes – produces and offers captive retail, financing, and insurance services for HUD Code manufactured homes and modular homes.

PATK = Patrick Industries – components for the manufactured home industry and others (RVs, housing, etc.).

SKY = Skyline Champion – produces and offers captive retail, financing, and insurance for HUD Code manufactured homes and modular homes.

SUI = Sun Communities – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations.

UMH = UMH Properties – includes land lease manufactured home communities and captive manufactured home retail, leasing, and financing operations.

UFPI = UFP Industries – components for the manufactured home industry and others (housing, etc.).

• • • NOTE 1: Chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
    • NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
    • NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.
    • Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
    • Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.

 

2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.

 

 

2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.

====================================

Disclosure. MHProNews holds no positions in the stocks in this report.

· For expert manufactured housing business development or other manufactured housing professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.

• Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
• Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
• Note 3:
  

  APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities,  KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports linked herein. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

 

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 (on 5.22.2024) and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but in fairness CNN and Fox sites get more much more total traffic). Statistics – Data – Infographics – Research – Facts – Evidence – Trends – and manufactured housing industry expert Analysis make us and keep us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.