Tens of thousands of acres of vacant land are found in the 20 cities in the U.S. reviewed by Commercial Cafe, shown in the graphic below. That tees up the headline video report by the Wall Street Journal (WSJ) shown below. A post on Reddit citing UCLA.edu says “When home values (and housing wealth) decline moderately, people tend to delay retirement or even return to the workforce after retiring, but they don’t retire earlier when home values go *up* faster than expected—and more research on the housing wealth-labor market connection.” Another comment on that Reddit thread by an apparent Canadian says: “High rises can be liveable, often come with better sound proofing (not saying this is inherent, nor universal to high rises), more accessible than walk up apartments or townhouses, increase housing supply and can pull up average density more than mid rises or missing middle. A different post on that thread by a self-described car lover says that person is seeing a lot of urban designers imagining a future with zero cars. A fourth-posted remark points to an example of a mall being redeveloped in a Colorado city. Yesterday’s MHProNews post on Accessory Dwelling Units (ADUs) and Detached Accessory Dwelling Units (DADUs) cited research on that topic on Governing, and per Governing: “New Evidence Links Transit Cuts With Poverty and Unemployment.” That snapshot reveals that clearly, a range of issues impact housing in urban areas, which includes zoning and land use policies. That Reddit thread are reactions to a recent Wall Street Journal (WSJ) article that pressed the point that property tax policies are a factor impacting urban development and land use too. That WSJ article’s headline is: “Why America’s Biggest Cities Are Littered With Vacant Lots.” That WSJ video, posted below, offers an apparently useful roughly 5 minute introduction to that issue and that video with its closed-caption generated transcript follow as Part 1 of today’s report.
Part 2 of this article provides additional related information with more MHProNews analysis and commentary in brief.
Part 3 is our Daily Business News on MHProNews additional information with analysis and commentary in brief.
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See the instructions below the graphic below or click the image and follow the prompts.
Part 1
Why America’s Biggest Cities Are Littered With Vacant Lots – WSJ
Highlighting in the close-captioning generated transcript below is added by MHProNews. That time markers are relative to the video posted immediately below obviously connected to that transcript.
Transcript:
What’s wrong with the current U.S. property-tax system?
0:00
– [Narrator] This vacant parcel of land in Austin, Texas
0:02
might not look like much, but it offers a glimpse
0:05
into how a skewed property tax system is worsening
0:08
the housing crisis in America’s biggest cities.
0:11
The lot has an annual property tax bill
0:13
of about $1.5 million per acre.
0:16
But just six blocks over, this luxury apartment building
0:19
is taxed at nearly double that rate.
0:22
Cities all over the country are littered
0:24
with empty or sparsely built sites.
0:26
Some economists say they share a common factor,
0:29
a tax system that combines low taxes on land
0:32
with high taxes on buildings.
0:34
Here’s a closer look at that system,
0:36
and the often overlooked role it plays
0:38
in the country’s housing shortage.
Why taxes go up when property improvements are made
0:41
To understand the tax system,
0:43
let’s head back to 701 Trinity Street.
0:45
Located near the heart of downtown Austin,
0:48
the 0.2 acre parcel is valued at over $13.7 million.
0:53
Yet for decades, the lot has only been used for parking,
0:56
and the owners have paid relatively little in taxes
0:58
because it doesn’t contain any buildings.
1:01
Cielo Property Group owns the vacant plot of land.
1:04
They did not respond to a request for comment.
1:06
– So traditional property taxes perversely disincentivize
1:10
the kind of land use that we want to see in our cities.
1:12
When you’re taxing improvements, you’re signaling
1:15
to the market that you don’t want improvements.
1:17
– [Narrator] Josephine Faass is the Executive Director
1:19
of the Robert Schalkenbach Foundation,
1:21
a nonprofit research organization
1:23
that advocates for property tax reform.
1:26
– So they actually affect the way that people use land,
1:28
or choose not to use land, which is something
1:31
that might not initially be, you know, obvious,
1:34
thinking about property taxes.
1:35
– [Narrator] When landowners improve their property,
1:37
by adding a new room, for instance, their taxes go up.
1:41
In some cases, these taxes can be as much
1:43
as seven times higher for a developed piece of land
1:45
compared to an empty lot.
1:48
– The basic premise of property taxes in America
1:50
is very simple, it’s basically the government
1:52
will try to figure out how much
1:53
is a piece of real estate worth,
1:55
and then based on that value you’ll be taxed.
1:57
The more valuable your real estate is, the higher your tax.
2:00
– [Narrator] Presumably, the owners of more
2:02
expensive buildings would be able
2:03
to afford more expensive rates, but some economists say
2:07
the system has an unintended consequence.
2:09
– It makes it easy for people to take up properties
2:12
and then just hold them until the value increases,
2:15
sell at a profit, right?
2:16
So they’ll buy low, sell high, but without doing anything
2:19
in the interim, including building housing.
Analyzing the scale of vacant land in Austin
2:22
– [Narrator] Over the last few years,
2:24
Texas home prices have skyrocketed.
2:26
In January, Austin’s median home price was $525,000,
2:31
according to the Austin Board of Realtors.
2:32
That’s a 36% jump from January, 2020.
2:36
– So housing shortages has always existed
2:38
in cities like New York and San Francisco.
2:40
What’s really changed in the last couple years
2:42
is that you’re seeing more of this issue
2:43
in places in the Sunbelt.
2:45
I think Austin’s really the textbook case
2:47
of the booming Sunbelt city that’s now running
2:49
into all these housing shortage problems,
2:51
’cause it used to be an affordable place and now
2:54
it’s really one of the most expensive places in the South.
2:57
– [Narrator] But despite rising demand for housing,
2:59
developers struggle to find sites to build on.
3:01
– Developers paradoxically are having a hard time
3:04
finding land, but even those lots where law does allow you
3:07
to build, often people just don’t wanna sell.
3:09
– [Narrator] Austin alone has more than 17,500 vacant lots
3:13
zoned for residential use, according to Altus Group,
3:16
a real estate analytics firm.
3:18
In Atlanta, Georgia, there’s more than 13,000,
3:21
and New York City has more than 77,000 lots that are vacant
3:25
or less than half the size of what zoning allows.
3:28
That’s a lot of untapped potential.
3:30
If the owners of all the vacant lots in Austin
3:33
developed buildings to match
3:34
the current density of the city, they could add
3:36
over 1 billion square feet of housing,
3:38
according to an Altus Group estimate
3:40
that’s equivalent to about 384 Empire State buildings,
3:44
or over 800,000 additional apartment units.
3:47
– So it’s really adding to this issue
3:49
of affordable housing or housing accessibility.
The pros and cons of a land-value tax
3:52
– [Narrator] One solution proposed by lawmakers
3:54
comes in the form of a Land Value Tax.
3:56
This places a higher tax rate on land,
3:59
while reducing Taxes on buildings.
4:01
In theory, this system would reduce the profit
4:03
that comes from owning a vacant piece of property.
4:06
– So if your tax code is set up that you can make money
4:09
by improving the land that you’ve just been sitting on,
4:11
or selling it to somebody who will,
4:13
that’s what’s gonna happen.
4:15
– [Narrator] Research suggests this type of taxing system
4:17
has increased building activity in cities like Pittsburgh.
4:20
– A couple of studies have actually shown
4:22
that they had more construction activity in Pittsburgh,
4:25
relative to other nearby and similar cities
4:27
that didn’t have this sort of tax system.
4:29
– [Narrator] Still, fairly assessing the value of land
4:31
for taxation can be difficult.
4:33
Some economists say it’s simpler to assess improvements
4:36
based on their income producing ability.
4:38
There are also political hurdles
4:40
to implementing a new tax system.
4:42
– One of the big challenges in America is that often,
4:46
under state law, cities and counties can’t decide
4:49
on their own tax system,
4:50
they basically have to defer to the state
4:52
– When it comes to building more housing,
4:54
some developers say a Land Value Tax
4:57
may only make a small difference.
4:58
Factors like restrictive zoning laws
5:00
and rising material costs also play a role
5:03
in delaying construction projects.
5:04
Despite the challenges, one city, Detroit,
5:08
may soon implement a Land Value Tax.
5:10
If approved, lawmakers and housing advocates say
5:13
this could be a crucial test case for the tax policy.
5:16
– Detroit would be the biggest city
5:18
in the history of America to implement a Land Value Tax.
5:21
And it’d be a fascinating test case
5:22
on whether this actually works in the 21st century,
5:26
and whether others will follow suit.
5:27
If it works out, it can really change the way
5:29
Americans think about property taxes.
5:32
(pleasant music) ##
Part 2: Thinking Bigger – Additional Information with More MHProNews Analysis and Commentary
The tax policies of the U.S. are worthy of their own separate report. Taxes are often punitive, discouraging behavior that public officials might more prudently want to encourage. Local, state, and federal officials all play a role in the distortions and harms that tax policies can create.
Newcomers to MHProNews might wonder why urban areas are even considered by this manufactured housing focused trade publication. After all, the more urban the area, there often seems to be a reverse correlation between density, single family housing, and manufactured housing. To a point raised by the WSJ video, it is difficult to imagine someone buying that parking lot in Austin, TX mentioned by the WSJ video above and seeing it be converted to a relatively small number of sites for manufactured homes.
Be that as it may, it is worth mentioning that decades ago when the pre-HUD Code mobile home industry was booming, there was a ‘reach for the stars’ type of mentality among some visionaries. Some of those mobile home industry thoughts may merit being dusted off an re-examined by manufactured housing professionals. They specifically envisioned multi-story and even relatively higher-rise buildings that would have cranes place single-section factory-built housing (today: manufactured homes) units into place. A modest space between dwellings would give some outdoor area and that added measure of privacy. Access cores would have elevators and stairs. Clearly, designs could include lower floors with commercial real estate space that could offer groceries, restaurants, retail, office space, or parking, while higher levels could feature the manufactured homes.
Ready Player One, “Mobile Home Stacks,” and the Manufactured Home Industry Reality Check
Thinking Big
Yesterday’s report focused on the opportunities and obstacles that ADUs present and the role that manufactured housing could play. Potentially millions of ADUs could be deployed in the U.S., see the report and analysis linked below for details.
There has also been movement at HUD to allow multi-unit manufactured homes.
Even in areas where workforce housing, such as ‘the oil patch,’ is needed, there have been single section units built that have two modest residences with kitchens, baths, living, and sleeping quarters.
Setting aside the possible opportunities in denser areas that too many manufactured housing professionals rarely consider, Freddie Mac produced research in 2022 that pointed to the opportunity for some 25-26 million new HUD Code manufactured homes to be placed in what it termed “MH friendly” zones.
Freddie Mac, along with other researchers, have recently – or years ago – debunked the types of myths and misconceptions that have limited manufactured housing in the public mind.
That said, it is necessary to also consider what the Manufactured Housing Association for Regulatory Reform called the manufactured home industry’s leadership’s ‘self-inflicted wounds.’
MHARR has pointed out that often years of tall talk – once implemented – has routinely led to little or no discernable progress ‘on the ground’ in manufactured housing.
A recent MHProNews Masthead pointed out that the opportunities to expand manufactured housing into hundreds of billions of dollars in annual sales exists, once clarity on the obstacles and opportunities occur.
What these ‘thinking big’ points reveal is that contemporary manufactured housing leaders are often NOT thinking big. For whatever reasons, they have often apparently failed to successfully implement their own claims and projects.
that the manufactured home industry ought to expect this current downturn because more expensive site-built housing is also in a downturn? MHI’s research and reasoning are arguably a classic example of PALTERING and the use of a RED HERRING logical fallacy. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
Given that these leaders are often successful and intelligent professionals, it begs the question: why don’t they organize similar factual and evidence-based concepts such as these in a cogent and appealing fashion? Regardless of their talking points, why do they often accept crumbs instead of the potential proverbial feast? What happened to the big dreams following the enactment of the Manufactured Housing Improvement Act (MHIA) of 2000?
That regrettable conclusion that has gone publicly unchallenged by MHI corporate and staff leaders is this. Much of the talk can be ignored, and the actual actions must become a focus instead. When the actual actions are carefully examined, and investor relations pitch-decks are sensibly explored, what emerges is a desire for industry consolidation. That consolidation is occurring in production, retail, and the land-lease manufactured home communities (MHCs) sector. Older mobile home parks (MHPs) or post-HUD Code MHCs have often become the focus of real estate investment trusts (REITs) and other private equity entities that have scooped up a growing share of land-lease communities. Older MHPs and newer MHCs that were owned by family or “mom and pop” operators for years may go from affordable to dramatically less affordable in short order following the acquisition by private equity. That in turn generates negative headlines that blunt the industry’s appeal, even according to pro-MHI voices such as Darren Krolewski at MHVillage/MHInsider.
While MHARR may phrase or present these facts differently than our analysis, or they may use different examples, they routinely come to a similar conclusion. The manufactured home industry is suffering from a series of self-inflicted wounds.
Perhaps one of the most illuminating developments in artificially smaller MHVille is the Department of Energy (DOE) manufactured housing energy rule issue. MHI’s tall talk and odd behavior only makes sense if the (unstated actual) goal is to limit the industry instead of growing it. Ironically, MHProNews captured that admission in a brief, and apparently embarrassing to MHI, remark by their former president and CEO, Richard “Dick” Jennison. Jennison bluntly said that the industry should grow slowly. But why? Who does slow or no growth benefit? Who does slow or no growth harm?
When MHProNews pressed a then key MHI leader about the remarks above, Jennison subsequently reframed his comments publicly in a fashion that admitted that the manufactured home industry was capable of selling and producing 500,000 new homes per year instead of 100,000 or less as has been the trend for much of the 21st century.
These are the types of fact- and evidence-based questions, concerns, and issues that brownnosing pro-MHI cheerleading bloggers or publications routinely fail to explore. Other than MHProNews, MHLivingNews, or MHARR, who in MHVille has routinely and repeatedly raised these issues? Can you hear the crickets?
When MHI leaders and their ‘amen corner’ of apparently ‘bought and paid for’ bloggers, publications and allies are considered, several third-party researchers have directly or obliquely slammed the industry’s leaders.
To be sure, it isn’t just internal limitations that are at play in MHVille. James A. “Jim” Schmitz Jr. and his research colleagues have made it clear that home builders, who have significant sway at HUD, and others have been part of the problem. But that too begs the question, why does MHI in recent years tout their coalition with those conventional housing providers? Why doesn’t MHI work with MHARR to advance the industry’s existing good federal law implementation? Why does MHI pretend that MHARR doesn’t exist, when MHI leaders of the past admitted to working with MHARR with respect to the MHIA, or other issues?
Restated and summing this point up, tremendous opportunities exist in the housing market. Professor Mandelker may never have thought of the implications of his words when he said that the industry needs a trade group that exerts legal pressure and works to enact policies favorable to the industry which he and others believe is much needed in the fight for affordable housing.
That MHI leaders have ducked accountability on these topics in recent years is not necessarily an admission of guilt on their part. But it does mean that this thesis stands effectively unchallenged by MHI leaders. They have, at times, apparently valued and arguably tacitly supported the ‘cheap shot’ tactics of people like George Allen. Allen, who is affable in the minds of some, is ironically on both sides of the fence and is readily dismissed as a consistent voice when it comes to MHIndustry policies and politics. When asked on March 24 2023 if he wanted to publicly debate these issues, Allen replied “Not interested.” Of course not. How could he possibly hold up to the defense of his flip flopping over the years?
The only serious public debate over these kinds of concerns occurred with loyal MHI member Andy Gedo. After a serious of interesting and insightful remarks back and forth posted publicly on LinkedIn, Gedo withdrew from the debate after making useful admissions. But as the two quotes below reflect, no less a figure than Kevin Clayton has effectively pointed the finger at his own firm’s and parent company’s role in this mix. Clayton did so on video.
The most complete snapshot of why manufactured housing is underperforming during an affordable housing crisis is found here on MHProNews and our MHLivingNews sister site. No one outside of MHARR and some sources shown even comes close.
To Mandelker’s point about the need for an effective advocacy group to press zoning and related issues, that is the same point that MHARR made over 5 years ago.
The rarely publicly challenged, and never publicly disproven case that manufactured housing is underperforming due in some measure by internal corruption that may violate federal and state laws has stood the test of time. What is necessary now is for some individual, group, public officials or others who care about affordable housing and the intergenerational wealth-building potential that affordable home ownership can bring to act on this information in a positive, productive, and profitable way. That can be done locally, regionally, or nationally. ##
Part 3 Daily Business News on MHProNews Markets 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 4.21.2023
- Another round of layoffs at Lyft
- The ride-hailing service plans to ‘significantly reduce’ it’s workforce as it struggles to turn a profit and pull off a turnaround
- SVB Financial Group: CEO Greg Becker and CFO Daniel Beck have resigned
- Government watchdogs propose tougher scrutiny of nonbank financial companies
- BMW’s Mini apologizes after meltdown over ice cream at Shanghai auto show
- Tesla reverses course, raises prices on two top-end models
- Twitter descends into chaos as news outlets and brands lose verification
- The demise of BuzzFeed News marks the end of an era for digital media
- White House begins early planning for 6G development
- Easily stolen Hyundais and Kias should be recalled, more than a dozen attorneys general say
- European air traffic control says attack by ‘pro-Russian hackers’ not affecting flights
- Is Big Oil running out of gas?
- Suspect accused of killing CashApp founder Bob Lee had been cited in 2022 domestic battery incident but never charged, San Francisco Chronicle reports
- Russia’s shadowy energy trade is raising fears of a devastating oil spill
- Credit Suisse bondholders file lawsuit against Swiss authorities
- BuzzFeed News will shut down
- Lachlan Murdoch drops defamation suit against Australian outlet Crikey in wake of massive Dominion settlement
- Smartmatic could be Fox’s next big problem
- Smartmatic wants more than Dominion’s $787 million payout, plus a retraction from Fox for its 2020 election lies, lawyer says
- Blackstone is the latest victim of the weakening commercial real estate market
- These CEOs offer a master class in how to not read the room
- Elon Musk’s Twitter begins purge of blue check marks
- The $787.5 million settlement Fox agreed to pay is a lot. But its net cost will likely be much less
- Markets are starting to get worried about the debt ceiling
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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 4.21.2023
- Report: Feds Consider 4 Charges Against Hunter Biden
- President Joe Biden stands with his son Hunter Biden, left, and sister Valerie Biden Owens, as he looks at a plaque dedicated to his late son, Beau Biden, while visiting Mayo Roscommon Hospice in County Mayo, Ireland, a week ago. (AP)
- Babin: Dems Using Title IX ‘as a Weapon’
- Mooney: Manchin Can’t Win W.Va. in ’24 | video
- Ramaswamy: Too Early to Declare 2-Man Race | video
- Mullin: Labor Sec Confirmation ‘No Slam Dunk’ | video
- Dershowitz: Fox Settlement Hurts First Amendment | video
- Miller-Meeks: IRS Whistleblower Claims Unsurprising | video
- Ramaswamy: Anti-American Movement Underway | video
- Devin Nunes: ‘Thank God’ for Biden Whistleblowers | video
- Devin Nunes: ‘Major Scandal’ ‘Brewing’ at SEC | video
- Zinke: Biden Admin All EV, China | video
- Supreme Court Set to Decide on Abortion Pill Access
- The Supreme Court is facing a self-imposed Friday night deadline to decide whether women’s access to a widely used abortion pill will stay unchanged or be restricted while a legal challenge to its Food and Drug Administration approval goes on.The justices are weighing…… [Full Story]
- Senate Blocks Bid to End VA Abortions
- Two Republican senators voted with Democrats to dash an effort by [Full Story]
- Report: Feds Consider 4 Charges Against Hunter Biden
- Federal prosecutors have considered four possible charges against [Full Story]
- Harvard-Harris Poll: Trump Holds 35-Point Lead
- Former President Donald Trump far outpaced contenders for the [Full Story]
- Jordan Urges Court: Allow Ex-prosecutor Deposition
- Jim Jordan, one of Donald Trump’s staunchest allies in Congress, [Full Story]
- Stocks Close Quiet Week With Small Gains
- Stocks ended with very slight gains on Wall Street as investors close [Full Story]
- Ukraine Seeks Weapons as US, Allies Meet in Germany
- Ukraine pressed allies for long-range weapons, jets and ammunition as [Full Story]
- Related
- Allies Summit to Tackle Air Defense, Ammo for Ukraine
- Lula to Drop Criticism of West Over Ukraine: Sources
- G-7 Nations Consider Near-Total Ban on Exports to Russia
- Leaks About US Troops in Ukraine Incense GOP Lawmakers
- NATO Chief Visits Kyiv for 1st Time Since Russian Invasion
- Biden Admin OKs Additional $325M in Military Aid to Ukraine
- China’s Middle East Peace Offer a ‘Slap in the Face’ to US
- Fresh off a stunning victory restoring diplomatic ties between Iran [Full Story] | Platinum Article
- 30 Years After Waco, DOJ Tactics, Overreach Still Issues
- Thirty years after a pair of violent confrontations and a [Full Story] | Platinum Article
- House Probing CIA Over Sexual Assault Cases
- The House Permanent Select Committee on Intelligence has launched an [Full Story]
- DeSantis Warns About Democrat Victory in 2024
- Florida GOP Gov. Ron DeSantis drew attention Thursday to the [Full Story]
- AG: Some Disney Records Could Be Made Public
- Florida Attorney General Ashley Moody on Thursday told Disney that [Full Story]
- Biden Signs Order Prioritizing ‘Environmental Justice’
- President Joe Biden on Friday signed an executive order that would [Full Story]
- 61 Calif. Liberal Groups Ask Sen. Feinstein, 89, to Resign
- The sick leave taken by 89-year-old Sen. Dianne Feinstein, D-Calif., [Full Story]
- Asking Chief Justice Testify Stirs Fury
- Republicans are condemning an effort by Senate Judiciary Committee [Full Story]
- Biden Admin Grant of $1.9M for ‘Disinformation’ Courses
- The U.S. is offering a grant of $1.9 million in the field of digital [Full Story]
- Boebert: ‘Liberal Privilege’ Benefits Baldwin
- Lauren Boebert, R-Colo., on Friday said charges are being [Full Story]
- German Foreign Minister: China Trip Shocking
- German Foreign Minister Annalena Baerbock says parts of her recent [Full Story]
- Jury Finds Tesla Autopilot Did Not Fail in Crash Case
- A U.S. jury in California Friday found Tesla’s Autopilot feature did [Full Story]
- First E. Jean Carroll Case Returned to District Court
- The 2nd U.S. Circuit Court of Appeals on Friday returned former Elle [Full Story]
- Kim Jong-un Reportedly Launched Missile From Mansion
- North Korea recently tested a new missile that was reportedly [Full Story]
- White House: No Evacuation Plans for All Americans in Sudan
- The Pentagon has deployed forces and is developing options to assist [Full Story]
- Report: Sen. Sinema Spent Over $100K on Luxury Items
- Kyrsten Sinema, I-Ariz., has spent more than $100,000 in [Full Story]
- Elon Musk’s Twitter Drops Govt-Funded Media Labels
- Twitter has removed labels describing global media organizations as [Full Story]
- UK Deputy Prime Minister Resigns in Bullying Probe
- British Deputy Prime Minister Dominic Raab resigned from the [Full Story]
- $16M in Gold, Bank Notes Stolen From Toronto Airport
- A major heist at Canada’s largest airport on Monday night resulted in [Full Story]
- China Official: Both Sides of Taiwan Strait Ours
- China’s Foreign Minister Qin Gang said on Friday that both sides of [Full Story]
- Report: GOP Scrambles to Build Support for Debt Limit Bill
- It appears House Speaker Kevin McCarthy, R-Calif., might have some [Full Story]
- Trans Children, Families Sue Tenn. Over Care Ban
- Three transgender children and their parents sued Tennessee on [Full Story]
- WH on Defensive, Denying Claims It Has Meddled in Hunter Biden Criminal Probe
- The White House on Thursday pushed back on claims that a criminal [Full Story]
- Biden 2024 Announcement Coming as Soon as Tuesday
- President Joe Biden will formally announce his 2024 reelection [Full Story]
- Old Camera Found in the Deep Ocean Reveals Horrifying Titanic Photos
- It’s the Vibe
- More Newsfront
- Finance
- Biden Signs Order Prioritizing ‘Environmental Justice’
- Biden Signs Order Prioritizing ‘Environmental Justice’
- President Joe Biden on Friday signed an executive order that would create the White House Office of Environmental Justice.The White House said it wants to ensure that poverty, race and ethnic status do not lead to worse exposure to pollution and environmental harm. Biden…… [Full Story]
- Fed’s Cook Sees Uncertain Future for Monetary Policy
- Vanguard Bought Large Banks’ Bonds During Turmoil
- Bob Ciura: 3 Cheap Monthly Dividend Stocks
- Michael Dorstewitz: Democrats Wage War on Success
- More Finance
- Health
- Coffee, Tea Boost Longevity in Adults With Diabetes
- Put down that sugary soda. It could be deadly, particularly if you have type 2 diabetes. A nearly two-decade-long study linked high intake of sugar-sweetened beverages – soda, lemonade and fruit punch – with premature death in people with type 2 diabetes. The link was found…… [Full Story]
- Feeling Tired and Achy? Get More of This Antioxidant
- Narcan Overdose OTC Nasal Spray to Cost About $50
- 67 Million Children Missed Vaccines Because of COVID
- What You Should Know About Cracking Your Knuckles
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See the instructions below the graphic below or click the image and follow the prompts.
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.
====================================
Updated
-
-
- 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.
-
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.
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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.
