Joseph “Joe” Stegmayer is the chairman of the RV MH Hall of Fame. What? Yes, the same Joe Stegmayer who was hit with a legal action by the Securities and Exchange Commission (SEC) along with Cavco’s Industries (CVCO) and others that cost millions in fines, legal expenses, and settlement costs …
On 9.3.2021 the Securities and Exchange Commission (SEC) announced they filed suit against individuals whose companies are involved in the Manufactured Housing Institute (MHI). “SEC Charges Public Company and Former Executives with Insider Trading, Internal Accounting Control Violations, and Misleading an Auditor,” said SECinvestigations.org. On 1.26.2022 Law360 reported that the …
Our newest MHLivingNews report linked below has the Securities and Exchange Commission (SEC) court pleadings and Cavco Industries’ (CVCO) brief response. The SEC press release is also included, along with our industry leading added information, analysis and commentary. In the wake of that SEC announcement, Cavco’s stock dipped. No surprises …
Few if any topics are of greater concern to manufactured home professionals than manufactured home single family “home only” financing. So, on one level the emails involving former MHI chairman Joseph “Joe” Stegmayer, who served for years as the Chairman and CEO of Cavco Industries (CVCO) makes sense. Additionally, it …
Despite another federal “scalp,” investors do not yet seem to be troubled by – or perhaps are not yet fully aware of? – the ongoing drip drip drip of fallout from the Securities Exchanges Commission (SEC) probe of publicly traded Cavco Industries (NASDAQ:CVCO). Cavco recently announced without fanfare via an …
According to a brief in S&P Global Market Intelligence, the Securities and Exchange Commission (SEC) plans to take an enforcement action against Dan Urness, Cavco Industries’ Principle Accounting Officer. “Rather than have this be a distraction to the company, Mr. Urness has decided to go on leave to focus on …
With enough patience, facts and patterns in dispute often reveal themselves more clearly to those with an open mind who are honestly seeking clarity. By definition, the closed-minded can’t be reasoned with. This report will have two primary components. The first will be from the recent and positive Innovative …
Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase Read More
Brookfield, Blackstone, ELS, and Sun Communities are all near the peak value of their stocks for the last year. It’s an interesting backdrop to a day when the major markets and many other manufactured home industry connected stocks have fallen. That noted, our focus tonight is Facebook CEO Sheryl Sandberg’s …
The manufactured housing industry is now 7 months into a slump – a downturn. How is that possible, during an affordable housing crisis? Is it incompetence? Or something else? While controversial himself in mainstream media reports for a variety of reasons, prominent Manufactured Housing Institute (MHI) member Frank Rolfe is …
The Manufactured Housing Institute (MHI) has sent out a message to their members earlier today. It’s debatably a common-for-the-Arlington, VA based trade group, in that it has a mix of purportedly accurate, questionable, misleading, and missing information. Among the more interesting points are what MHI was mute on. …
You can be a citizen reporter! You can make a difference in breaking the purple wall of MHI silence! You can get George Allen, Spencer Roane, federal and GSE officials, or others to answer questions that in many cases they’ve avoided for months. Here are our suggestions and …
To tee this up, the emailed messages revealed below were all sent under the subject line, “for the record.” So, there is no violation of information shared off the record. Furthermore, the replies – initiated by George F. Allen (COBA7) – went to an email list of his. Joe …
A Cup of Coffee with…exclusive interviews… …they are back. For a variety of reasons, MHProNews has held several dozen stories online, but in a secluded part of the website. Now, they are back. Here are the exclusive interviews that you can find right now on the home page. Sam …
The evolving Daily Business News’ market report sets the industry’s stocks in the broader context of the overall market stocks. By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving …
Why Cavco Bought Lexington Homes, per Joe Stegmayer – CG, AMG, MHCV Up Read More
Cavco Industries director Jack Hanna has filed a Form 4, according to a report by StreetInsider, see that as a download, linked here. On August 29, Director William C. Boor disclosed the sale of 2,500 shares sold last May 4th, for an average price of $86.81, states FinanceDaily. Boor’s reported …
A Cup of Coffee with…Joe Stegmayer
1) Who, What and Where: (Your name and your formal title at Cavco).
Las Vegas, NV – April 27, 2011. Joe Stegmayer (Chairman & CEO, Cavco Industries and present Chairman, MHI) addressed the attendees at MHI’s 2011 Congress & Expo in Las Vegas, NV. He noted that Land Lease Communities (LLCs) have done better than most sectors of the housing industry, which has …
Opening Remarks of MHI Chairman Joe Stegmayer at Vegas Congress Read More
As longtime and detail minded readers of MHProNews know, this publication delivers on each and every topic raised in a multifaceted headline like the one above. Headline topics are often covered in a systemic fashion. Starting in the order provided in the headline, in the Manufactured Housing Institute (MHI) branded …
“A combination of limited land, home building regulations, international and out-of-state demand, and its remote location makes Hawaii the most expensive state to buy a home in. It is the only state with a house price-to-income ratio above 10 and the only state with a median home price higher than …
