According to the Manufactured Housing Association for Regulatory Reform (MHARR), “Weakness and delay in Washington, D.C., accordingly – especially in the representation of the post-production sector of the industry – has helped to fuel the present decline and will continue to hamper the industry without further change.” MHARR pointedly blamed the Manufactured Housing Institute (MHI) by name for “more than eight months for fear and concern over the cost-impact of the DOE [Department of Energy manufactured housing energy] rule to overtake the market and help collapse sales far below previous levels.” While that editorial analysis by MHARR may be seen by MHI defenders as unremarkable, save for its increasing sharpness, one must keep in mind that the Texas Manufactured Housing Association (TMHA) raised flags about the DOE energy rule too. In a report by the Texas Real Estate Research Center (TRERC) on Wednesday, Jan 11, 2023, the TMHA’s Vice President Rob Ripperda said the following. “Manufacturers have five more months to prepare for the Department of Energy’s (DOE) new conservation standards and the Environmental Protection Agency’s updated Energy Star program requirements,” said Ripperda. “These adjustments require a lot of retooling, design updates, new materials sourcing, and a host of other process changes for each of Texas’ 26 manufacturing plants. The final impact on construction costs is unknown.” Those remarks were known months in advance. Ripperda said that a month before the TMHA and MHI finally filed suit, something that MHARR recommended months earlier. Restated, it isn’t just MHARR that pointed the finger at MHI, but TMHA’s remarks then and elsewhere arguably were less than enthusiastic about the hit that was coming in the absence of the correct action by MHI to sue to get the DOE to pause their costly and arguably flawed energy regulations.
- Part I of today’s article is the Manufactured Housing Association for Regulatory Reform (MHARR) news release on the continuing sharp fall of manufactured housing following the best performance the industry had experience in years less than 12 months before.
- Part II is Additional Information with More MHProNews Analysis and Commentary
- Part III is the Daily Business News on MHProNews macro and manufactured housing market report.
Part I
SHOCKING NUMBERS — Manufactured Housing Production Decline Steepens as Manufactured Home Industry Impediments Multiply
Washington, D.C., June 5, 2023 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production has declined again in April 2023. Just-released statistics indicate that HUD Code manufacturers produced 6,676 new homes in April 2023, a 34.3% decline from the 10,165 new HUD Code homes produced in April 2022. Cumulative production for 2023 is now 27,850 homes, a 30% decrease from the 39,835 homes produced over the same period during 2022.
A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current year (2023) and prior year (2022) shipments per category as indicated — are:
The production statistics for April 2023 yield multiple changes to the new cumulative index, moving South Carolina and Georgia into 5th and 6th place respectively.
As the production statistics enter the second quarter of 2023, they continue to reflect not only declining year-over-year (YOY) industry production each month, but an alarming trend toward a steepening rate of decline as compared with 2022. Thus, the monthly YOY decline for January 2023 was 23.6%, the YOY decline for February 2023 was 29.1%, the YOY decline for March 2023 was 32.2% and now the YOY decline for April 2023, is 34.3%.
As was stressed in the MHARR production report published on May 3, 2023, this deepening decline is occurring not only at a time of unprecedented (and growing) demand for affordable housing, but at a time when sales of new site-built homes have increased year-over-year (up 11.8% in April 2023). This significant and worsening decline illustrates the market impact of two sets of major converging problems for the industry. On the one hand, as was noted in MHARR’s May 3, 2023 production report (and explained in detail in MHARR’s July 2022 White Paper), there is the long-term negative impact of unresolved discriminatory/exclusionary zoning and the absence of competitively-priced consumer financing for the vast bulk of the HUD Code manufactured housing market (nearly 80%) represented by personal property (chattel) financing.
Now, though, these longer-term obstructions to industry growth have been joined by another more immediate short-term shock to the market – specifically the threat of draconian U.S. Department of Energy (DOE) “energy conservation” standards that will significantly increase the acquisition price of manufactured homes. Those standards, as noted by a May 9, 2023 Wall Street Journal editorial, deserve to be “killed.” But while the enforcement of the DOE standards has been temporarily delayed, it is no coincidence whatsoever that new manufactured home sales began to show signs of weakness in the immediate aftermath of the publication of the May 31, 2022 final DOE rule and entered negative growth territory a few months later.
That is why MHARR strongly urged the Manufactured Housing Institute (MHI) to file legal action against the DOE rule immediately after its May 31, 2022 publication. While MHI ultimately did file suit against the DOE rule, it waited until February 2023 to do so, leaving more than eight months for fear and concern over the cost-impact of the DOE rule to overtake the market and help collapse sales far below previous levels. Weakness and delay in Washington, D.C., accordingly – especially in the representation of the post-production sector of the industry – has helped to fuel the present decline and will continue to hamper the industry without further change. Decisive action to address and resolve these matters is needed and long overdue.
The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.
— 30 —
Manufactured Housing Association for Regulatory Reform (MHARR)
1331 Pennsylvania Ave N.W., Suite 512
Washington D.C. 20004
Phone: 202/783-4087
Fax: 202/783-4075
Email: MHARR@MHARRPUBLICATIONS.COM
Website: www.manufacturedhousingassociation.org
Part II – Additional Information with More MHProNews Analysis and Commentary
High profile member of both major political parties have been saying for years that the “system is rigged.” The popular alternative media website, ZeroHedge, which features business, stocks, and political news, recently asserted that the U.S. stock market is openly rigged in part by Federal Reserve actions. Investopedia recently featured an article on the topic of the “Illusory Truth Effect.” The Merriam Webster Word of the Year for 2022 was gaslighting. Among the announced Democratic candidates for their party’s nomination for the presidency in this election cycle, the top alternative to Joe Biden is Robert F. Kennedy Jr., J.D., (RFK Jr.) who is the nephew of the assassinated President John F. Kennedy and son of the slain Senator Robert F. “Bobby” Kennedy. RFK Jr. has spoken openly about what he called a “corporate kleptocracy” that is leading to a new style of “corporate feudalism.” Republican presidential nomination hopeful Vivek Ramaswamy, a successful entrepreneur, claims that Joe Biden’s mental and fitness challenges they “are a feature,” not a problem, for his puppet masters in the “managerial class.” Approaching two years ago, Warren Buffett told CNBC that politicians want more power and so do businesses. Previously, Buffett was quoted as saying that his class, the wealthy class, had been waging class warfare for years and that his class had “won.”
Too many Americans believe that we are losing our republic to a new brand of corporate feudalism, or a corporate kleptocracy.
— Robert F. Kennedy Jr (@RobertKennedyJr) April 19, 2023
Robert F. Kennedy Jr Holds Trump Accountable for the Damage Done From the Lockdowns
“The very people who were profiting on those lockdowns were the ones who were strip-mining the wealth from the middle class in this country. Amazon got to close down all of its competitors…they… pic.twitter.com/q7EdLLHgH7
— Chief Nerd (@TheChiefNerd) April 19, 2023
Agree with RFK Jr, on holding then President Donald J. Trump accountable for the lockdowns, or not, is a debatable point. For instance, it is counterintuitive for Trump to have done lockdowns to benefit Amazon, when Amazon founder Jeff Bezos opposed him and supported Joe Biden. That noted, sifting the wheat from the chaff the broad picture being painted is that in subtle to bold ways, the system is rigged in favor of wealthy corporate insiders. Kennedy and others across the left-right spectrum reveals the thinking of millions who are tired of a rigged system. While downplayed by many in mainstream media, RFK Jr has polled at similar levels to Governor Ron DeSantis (FL-R), who is hailed as the Trump alternative by his supporters. Shouldn’t that make Kennedy the Democratic Biden alternative? Kennedy’s themes include a pledge to ‘end the corrupt merger of state-corporate power that is threatening a new feudalism’ in America.
Robert F. Kennedy Jr Vows to Stand Up Against the Bureaucracy in Washington
“You need a President at this time in history who can stand up to its bureaucracy”@RobertKennedyJr pic.twitter.com/CArhJDYWn3
— Chief Nerd (@TheChiefNerd) April 19, 2023
On the right, remarks like the following illustrate similar beliefs.
Those insiders are said to rig the system through campaign donations, nonprofits they may control, media, and other sticks and carrots methods become puppet masters.
What Merriam-Webster, Investopedia, and others that have spoken in recent months about this pattern buttress years of similar reports by MHProNews and MHLivingNews, including the use of the term feudalism, facism, kleptocracy, and various ways that the media/big tech system is rigged per people involved in those fields. Our pro-manufactured housing trade media have sifted the remarks of politicos from both major parties, and applied the commonsense tests of following the money and watching the behavior – not just the words – to get a sense of reality.
The late Senator William Proxmire (WI-D) bluntly summed up the realities of how the system works. “There are no coincidences” and “follow the money” are the keys to understanding American political and economic trends.
Understanding Modern Manufactured Housing in the Context of a “Rigged System”
Against that brief backdrop, manufactured housing a year ago was roaring. Per MHARR on 6.3.2022: “Just-released statistics indicate that HUD Code manufacturers produced 10,165 homes in April 2022, a 10% increase over the 9,244 new HUD Code homes produced during April 2021. Cumulative production for 2022 now totals 39,835 homes, an 11.5% increase over the 35,723 homes produced during the same period in 2021.” Contrast that with this month’s sobering data, again per MHARR above. “Just-released statistics indicate that HUD Code manufacturers produced 6,676 new homes in April 2023, a 34.3% decline from the 10,165 new HUD Code homes produced in April 2022. Cumulative production for 2023 is now 27,850 homes, a 30% decrease from the 39,835 homes produced over the same period during 2022.” MHARR elaborated by saying the following.
“Thus, the monthly YOY decline for January 2023 was 23.6%, the YOY decline for February 2023 was 29.1%, the YOY decline for March 2023 was 32.2% and now the YOY decline for April 2023, is 34.3%.
As was stressed in the MHARR production report published on May 3, 2023, this deepening decline is occurring not only at a time of unprecedented (and growing) demand for affordable housing, but at a time when sales of new site-built homes have increased year-over-year (up 11.8% in April 2023).” That 11.8 percent rise in conventional housing was reported by MHProNews on the Masthead blog linked below, which included an array of other conventional and manufactured housing data.
MHARR points the finger in part at the Manufactured Housing Institute (MHI). Is that fair? Consider the facts. MHI themselves say that they represent “all segments” of manufactured housing. MHI has said that they have “clout.” If you want “clout,” MHI said industry professionals should look to them. MHARR represents independent producers. MHI represents both production and “post production.” Finance and zoning/placement issues are post-production issues. Nevertheless, MHARR teamed up with MHI in 2000 and 2008 to get favorable legislation passed that was supposed to solve the very problems that manufactured housing is now facing.
MHI shows that they have ‘access’ through photo opportunities and videos. This flashback below is an example that reminds longtime readers, while informing newcomers, that this pattern has been occurring for years.
These are factually accurate, evidence-based claims that MHI and their corporate leaders do not want to directly address with MHProNews. With others in what passes for MHVille trade media, fluff “interviews” and “reports” that ignore or gloss over challenges are offered. But when those other sources are carefully examined, the apparent disconnects become apparent. In that category? MHInsider, ManufacturedHomes.com, MHReview (though they occasionally provide a MHARR item, they are overwhelmingly pro-MHI), and blogger George F. Allen. The later said in his own words that he is unwilling to debate publicly. But Allen is willing to snipe from the sidelines in a fashion that is apparently supposed to benefit MHI. Allen is embraced as a “contributing editor” for MHI supported MHInsider. Restated, there are ‘establishment’ manufactured housing trade media that routinely regurgitate the talking points of MHI and their corporate masters.
Instead of holding the powerful to account, which is supposed to be a mantra for authentic journalism, pro-MHI bloggers and publications downplay, ignore, or even attack those who question the obvious. While MHI claims to be ‘elevating the industry’s profile, the manufactured home industry is rapidly shrinking.
With these notions in mind, consider anew what the Biden White House Fact Sheet said about the facts and problems associated with respect to consolidation in the U.S. Some pull quotes are useful. That will be followed by a look at how this applies to manufactured housing.
FACT SHEET: Executive Order on Promoting Competition in the American Economy
- That lack of competition drives up prices for consumers. As fewer large players have controlled more of the market, mark-ups (charges over cost) have tripled. Families are paying higher prices for necessities—things like prescription drugs, hearing aids, and internet service.
- Barriers to competition are also driving down wages for workers. When there are only a few employers in town, workers have less opportunity to bargain for a higher wage and to demand dignity and respect in the workplace. In fact, research shows that industry consolidation is decreasing advertised wages by as much as 17%. Tens of millions of Americans—including those working in construction and retail—are required to sign non-compete agreements as a condition of getting a job, which makes it harder for them to switch to better-paying options.
- In total, higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.
- Inadequate competition holds back economic growth and innovation. The rate of new business formation has fallen by almost 50% since the 1970s as large businesses make it harder for Americans with good ideas to break into markets. There are fewer opportunities for existing small and independent businesses to access markets and earn a fair return. Economists find that as competition declines, productivity growth slows, business investment and innovation decline, and income, wealth, and racial inequality widen.
- When past presidents faced similar threats from growing corporate power, they took bold action. In the early 1900s, Teddy Roosevelt’s Administration broke up the trusts controlling the economy—Standard Oil, J.P. Morgan’s railroads, and others—giving the little guy a fighting chance. In the late 1930s, FDR’s Administration supercharged antitrust enforcement, increasing more than eightfold the number of cases brought in just two years—enforcement actions that saved consumers billions in today’s dollars and helped unleash decades of sustained, inclusive economic growth.”
As MHProNews has pointed out repeatedly, the practice of paltering is becoming more apparent in business and politics. Palterers in whatever walk of life use truth, mixed with problematic or omitted claims, as a means of deception.
Applying the notion of paltering to the Biden Fact Sheet, MHProNews noted that tall talk of antitrust action has not been followed up by muscular and successful antitrust action. MHProNews predicted shortly after that Biden White House Fact Sheet was published that it would lead nowhere in terms of effective antitrust action. In the nearly two years since, that prediction has come to pass. How could we know? Because an understanding of paltering, posturing, and the fact that Biden and company were unlikely to bite the hands that have enriched them. Biden is in the White House because of big business. See the reports linked below for more on those assertions, before we pivot back to manufactured home specific examples.
One more point before pivoting toward manufactured housing. Some on the right have cheered Elon Musk’s more seemingly conservative and free speech friendly posture of Twitter since Musk bought it. MHProNews has not jumped on that bandwagon. Musk’s recent trip to Communist China and his remarks and behavior there help shed light on why MHProNews believes that Musk is still in the ‘deep state’ camp but is doing so in a more subtle manner. With a recent and prior flashback reports linked below, consider this paragraph a placeholder for more later on Elon Musk another time.
Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to China. Musk’s first visit to the country in three years comes as Tesla faces tough competition from Chinese-made electric vehicles https://t.co/FljfyVJOC9 pic.twitter.com/AUX0QarmDe
— Reuters (@Reuters) May 31, 2023
That said, yesterday’s deep dive on Cavco Industries sheds greater light on how MHI insiders dance around the obvious problems that have emerged in manufactured housing.
Compare the recent statistics with what Cavco Industries (CVCO) William “Bill” Boor, their president and CEO, had to say in response to analyst Gregory Palm’s important inquiry. “I think everybody is trying to get a sense for why at least [manufactured housing] industry production data was so weak. And not just calendar Q1, but March [2023] specifically.” Like it or not, there are several apparent disconnects between what Boor said and what the emerging reality is. Pro-MHI sources have said for months that a turnaround is coming. Where is it? MHARR has pointedly documented that the downturn has gained speed. In doing so, MHARR referenced some of the same data that MHProNews recently pointed out that manufactured housing is still in decline while conventional housing is beginning to adjust and recover to higher rates. The case is made in the report above posted yesterday, and supported by the data in this report today, that Boor et al are paltering. That may lead to concerns if they are making material misrepresentations and/or omissions to investors as well as manufactured home industry professionals. The fact that others aren’t hammering away at this speaks volumes. Three different attorneys, all looking at manufactured housing, have raised concerns that need to be grasped in part through the light of industry underperformance.
Why the cloak and dagger, wink and a nod behavior? Because if behavior is arguably illegal, as the Biden Fact Sheet on Competition aptly noted, antitrust and other activity – think SEC, CFPB, FTC, or DOJ, etc. – should follow. For those who think that big shots never pay, MHProNews points out once more that Establishment Democrats and Republicans have given cover to business and corporate interests that ended up in federal prison and/or faced other consequences.
Why should manufactured housing be allowed to underperform? How do consolidators benefit from that pattern?
As manufactured home industry production plummets, marginal firms or those pondering their future may opt for an exit. That exit is likely to occur in the context of selling out to a consolidator that routinely happens to be members of MHI. MHI staff, their corporate leaders, and attorneys won’t reply to those concerns. See yesterday’s report on Cavco’s latest claims and data as an example, and the report linked below for another example.
It was some 7 years ago that this writer for MHProNews, in the context of an educational discussion at the Tunica Manufactured Housing Show, offered to put an MHI official on a panel discussion in front of a live audience of industry professionals. No one at MHI accepted. Other examples exist where MHI officials literally ducked answering questions publicly over a period of years. So, the recently documented examples linked above of MHI leaders declining comment is hardly new.
MHI and their corporate leaders are stuck with some high-profile claims that have failed to come to pass. For all the talk of elevating the profile of the industry, what is occurring instead is a shrinking of the industry. Bold promises of momentum are followed by sharp and sustained declines.
Yet sources with apparent ties to MHI, Texas Manufactured Housing Association (TMHA), and their corporate masters have been proclaiming something different for months.
The apparent paltering-style of double-speak is apparently Orwellian. What it took years to achieve in the way of a post 2009 ‘recovery’ has been erased in a matter of months. Red herring and other deceptive tactics are obviously deployed while the values of independently owned businesses are being harmed in this despicable process.
Per Cavco: 2023
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See the instructions below the graphic below or click the image and follow the prompts.
Per MHProNews 2023 Using Official Data.
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The following is from MHI ‘Endorsed’ MHVillage, which is the parent to MHInsider.
MHInsider Produced the below as Part of Their
“State of the Industry” vs. MHProNews’
More Apt Reveal of the Facts.
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See the instructions below the graphic below or click the image and follow the prompts.
MHProNews has with increasing sharpness displayed the numerous ways that MHI’s ‘leadership’ has harmed independents and consumers. That is what the Biden White House Fact Sheet has said is a problem with consolidation that limits competition. Who is harmed? Smaller businesses, consumers, and employees. Beyond that, smaller investors are arguably being harmed too. If the Biden regime is serious about boosting competition, let them take the necessary antitrust action because they have made the case as to why it should be done. If the Biden Administration won’t do the antitrust, RICO, SEC, and other necessary probes, then let state attorneys general step in.
FACT SHEET: Executive Order on Promoting Competition in the American Economy
- For decades, corporate consolidation has been accelerating. In over 75% of U.S. industries, a smaller number of large companies now control more of the business than they did twenty years ago. This is true across healthcare, financial services, agriculture and more.
- That lack of competition drives up prices for consumers. As fewer large players have controlled more of the market, mark-ups (charges over cost) have tripled. Families are paying higher prices for necessities—things like prescription drugs, hearing aids, and internet service.
- Barriers to competition are also driving down wages for workers. When there are only a few employers in town, workers have less opportunity to bargain for a higher wage and to demand dignity and respect in the workplace. In fact, research shows that industry consolidation is decreasing advertised wages by as much as 17%. Tens of millions of Americans—including those working in construction and retail—are required to sign non-compete agreements as a condition of getting a job, which makes it harder for them to switch to better-paying options.
- In total, higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.
- Inadequate competition holds back economic growth and innovation. The rate of new business formation has fallen by almost 50% since the 1970s as large businesses make it harder for Americans with good ideas to break into markets. There are fewer opportunities for existing small and independent businesses to access markets and earn a fair return. Economists find that as competition declines, productivity growth slows, business investment and innovation decline, and income, wealth, and racial inequality widen.
- When past presidents faced similar threats from growing corporate power, they took bold action. In the early 1900s, Teddy Roosevelt’s Administration broke up the trusts controlling the economy—Standard Oil, J.P. Morgan’s railroads, and others—giving the little guy a fighting chance. In the late 1930s, FDR’s Administration supercharged antitrust enforcement, increasing more than eightfold the number of cases brought in just two years—enforcement actions that saved consumers billions in today’s dollars and helped unleash decades of sustained, inclusive economic growth.”
Enough said for today, see the linked and related reports. ##
Part III – Daily Business News on MHProNews Markets and Headline News Segment
The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.
Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.
Headlines from left-of-center CNN Business – from the evening of 6.5.2023
- Introducing Apple Vision Pro
- CNN INVESTIGATES
- The company unveils a $3,499 mixed reality headset, which could be its biggest and riskiest hardware launch in years
- 5 takeaways from Apple’s biggest product event in years
- Microsoft Outlook users hit with brief Monday morning outage
- US regulator accuses Binance of running an illegal exchange
- With Robert F. Kennedy Jr. interview, Musk again uses Twitter to promote candidates aligned with his views
- Former NBCU exec Linda Yaccarino prepares to take over Twitter CEO role from Elon Musk
- Spotify cuts 200 jobs within its podcasting unit
- Instagram lifts ban on anti-vaccine activist Robert F. Kennedy Jr. after launch of presidential bid
- Prince Harry is set to give evidence as he takes on UK newspaper publisher in court. Here’s what you need to know
- Saudi Arabia needs more than higher oil prices to fund its grand plans
- Airlines expect to make $10 billion this year despite economic slowdown
- Qatar Airways CEO says aviation industry will miss 2050 net zero target
- Markets may be overly optimistic about the Fed
- How much should you have saved for retirement at your age? It’s complicated
- First on CNN: US senators question Twitter’s privacy compliance under Elon Musk
- The case for a 2023 US recession is crumbling
- This could be Apple’s biggest product launch since the Apple Watch
- Directors Guild of America reaches tentative deal as writers strike goes on
- Oil prices jump after Saudi Arabia vows to cut production again
- Bank of America CEO says the Fed’s biggest challenge is power of US consumer
- Chuck Todd is stepping down from ‘Meet the Press’
- Three companies agree to pay more than $1 billion to settle ‘forever chemical’ claims
- The S&P 500 finally broke through a key level. Now what?
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See the instructions below the graphic below or click the image and follow the prompts.
Headlines from right-of-center Newsmax 6.5.2023
- After Subpoena Threat, House Panel Members to See Classified Afghan Cable
- Members of a House of Representatives committee will be able to view a classified cable related to the August 2021 withdrawal from Afghanistan, the committee said on Monday, ending a threat to file contempt charges against Secretary of State Antony Blinken. “For the first time in history, the State Department has agreed to allow Congress to view a dissent channel cable,” Republican Rep. Michael McCaul, chairman of the House Foreign Affairs Committee, said in a statement. [Full Story]
- Ex-FBI Agent: Doc on Alleged Biden Bribe Should Concern All
- Alex Acosta: Saudi Oil Cuts Bad for Economy
- Blaine Holt Praises to Air Force for Response to Doomed Plane | video
- Lankford: Taxpayer Dollars Being ‘Wasted’ | video
- Matthew Whitaker: Vital to Know What FBI Found From Biden Crime Document | video
- Nikki Haley on Entitlement Reform, Upping Retirement Age | video
- Biggs: Deal ‘Cemented In’ Progressive Agenda | video
- Dick Morris: Debates Shouldn’t Include Journalists | video
- Indiana AG Rokita: Pathways Rule Must Be Stopped | video
- Dick Morris: Trump Should Not Debate | video
- Newsfront
- Has Ukraine’s Counteroffensive Against Russia Begun?
- A video released over the weekend by Ukraine shows several of its soldiers in full combat gear raising a finger to their lips. “Plans love silence. There will be no start announcement,” say the words flashing on the screen afterward, followed by warplanes in flight…. [Full Story]
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- How Many D-Day Veterans Remain? There’s ‘No Easy Answer’
- Of the more than 150,000 allied service members who heroically [Full Story] | Platinum Article
- Ukraine Makes Major Push to Breach Russian Defenses
- Ukrainian forces were making a major effort to punch through Russian [Full Story]
- Counteroffensive? Probing Defenses? What’s Playing out on Ukraine’s Battlefields?
- Kremlin: Hack Behind ‘Fake’ Putin Radio Address
- CNN: Pro-Ukraine Forces Behind Attacks Inside Russia
- Russia: Ukraine Drones Shot Down Over Crimea, Kursk
- Russia Claims It Thwarted Major Ukrainian Offensive
- Zelenskyy: Russia Is Evading Sanctions on Weapons
- Clashes on Russian Soil Claimed
- Pro-Ukraine Russian Group to Give Prisoners to Kyiv
- After Subpoena Threat, House Panel Members to See Classified Afghan Cable
- Members of a House of Representatives committee will be able to view [Full Story]
- At D-Day Celebrations, Echoes of Ukraine’s Looming Fight
- At D-Day Celebrations, Echoes of Ukraine’s Looming Fight
- While U.S. military officers caution against too direct a comparison [Full Story]
- Biden ‘Completely’ Playing Politics With Space Command HQ
- The Biden administration’s purported U-turn on moving U.S. Space [Full Story] | Platinum Article
- Mark Hamill Considers Retiring ‘Star Wars’ Character
- Mark Hamill became a household name when he was cast as Luke [Full Story]
- Apple Reveals Augmented-Reality Headset Vision Pro
- Apple Inc unveiled an augmented-reality headset called the Apple [Full Story]
- Cornel West Announces Third-Party Presidential Bid
- Progressive activist and scholar Cornel West announced Monday that he [Full Story]
- Axelrod: Manchin Is ‘Dead Man Walking,’ With No Hope For Senate Reelection
- Joe Manchin is “dead man walking” in West Virginia due to his [Full Story]
- Trump Challenges DOJ Amid Classified Docs Probe
- Former President Donald Trump on Monday insisted he shouldn’t be [Full Story]
- Gays Flock to Disney for Pride Month Events
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- Lawyers for former President Donald Trump met with U.S. Department of [Full Story]
- Gallup Poll: 71% in US Back Legal Gay Marriage
- In the latest Gallup poll, 71% of Americans say same-sex marriage [Full Story]
- SEC Sues Binance, Zhao Alleging Securities Violations
- Binance and its CEO and founder Changpeng Zhao were sued by the U.S. [Full Story]
- Prince Harry a No-Show on First Day of Court
- Prince Harry’s highly anticipated showdown against the publisher of [Full Story]
- Jack Dorsey Endorses RFK Jr.’s Bid for President
- Twitter co-founder and former CEO Jack Dorsey is endorsing Robert F. [Full Story]
- Personalized MRNA-Based Vaccines Fighting Cancers
- Adding an experimental mRNA-based vaccine from Moderna Inc and Merck [Full Story]
- AG Probes Asset Managers Over Climate Change
- Tennessee’s top legal officer has demanded ten major asset managers [Full Story]
- United Airlines CEO: US in ‘Business Recession’
- The United States is in a “business recession” but the consumer is [Full Story]
- Apple Expected to Reveal Mixed-Reality Headset
- Apple Inc is expected to unveil a mixed-reality headset at its annual [Full Story]
- Ken Buck: Forget Trying to ‘Out-Trump Donald Trump’
- Ken Buck, R-Colo., told CNN’s “State of the Union” on Sunday [Full Story]
- Trump Post Laments ‘Biden Crimes Go Unpunished’
- Former President Donald Trump lashed out on Truth Social on Sunday [Full Story]
- Berlin Warns China to Stop Enlisting Fmr German Pilots
- German Defense Minister Boris Pistorius on Saturday called on China [Full Story]
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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 below.
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Updated
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- NOTE 1: The 3rd chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
- Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
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2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
- Manufactured housing, production, 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.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
Department of Energy Publishes ‘Unacceptable’ Manufactured Housing Energy Rule Extension, MHI Remarks, Ex-MHI and MHARR’s Danny Ghorbani Offers Focused Praise – plus MHVille Stocks, REITs Updates
