“Sales of manufactured homes decreased 12% during the three months ended March 31, 2020 from the prior year period primarily due to the impact of COVID-19 and governmental stay-at-home orders and social distancing. We anticipate that sales will improve as the impact of the virus is reduced. Demand for quality affordable housing […]
A report on May 5, 2020 from the National Federation of Independent Businesses (NFIB) headline states that “Small Businesses Finally Receiving Financial Help, 61% Received Funds From PPP Loan.” The subheading further noted that their survey revealed that “Half applied through small/community bank; Nearly all owners concerned about increased liability claims.”
Small Business Bailout$ – Data-Driven Updates on PPP and EIDL SBA Loans Read More
Publicly traded firms have long recognized the connection between employment levels and economic activity in general with the sale of big-ticket items like housing, vehicles, RVs or boats. So, the brief story of ‘4 star’ Mexican restaurant in north Lakeland, FL provides a clue as to what the U.S. economy,
Think of what follows as a six-month warning to the bulk of the manufactured housing industry from a relevant industry player. As an analogy, it’s mildly akin to the fourth quarter – or the two-minute warning – in a game of American football. The game clock is winding down. What’s
Manufactured Housing Industry Given 6 Month Warning Read More
There are three pull quotes from the LCII investor relations call found further below that are worth teasing. In addition, as with 9/11 and the 2008-2009 recession, we expect there to be business to pick up as a result of suppliers that have difficulty coming back from this. Further, customers
There are beyond any doubt winners and losers in this tragic Wuhan Virus outbreak. Death tolls are climbing in the U.S. passed 75,000. Unemployment has gone from historic lows to record highs as over 33,000,000 lost their jobs in a matter of weeks. Medical, modelers and media projections from January
“Never Let a Good Crisis Go To Waste” – COVID19 Pandemic – Problems and Solutions Read More
“Achieving full self-awareness can be difficult, especially when new biases emerge in our constantly evolving world. So where do we begin?” That’s the question near the conclusion of the article that wraps the Visual Capitalist’s new infographic on the left-right media divide and spotting various types of cognitive biases infographic. That source
There is a division of views in manufactured housing among professionals and observers as to what the prognosis is for industry sales post-Wuhan Virus pandemic. Some involved in the Manufactured Housing Institute (MHI) orbit are predicting a drop of some 20 to 30 percent. Meanwhile, while acknowledging the severe drop
There will be a few shocked readers in the audience tonight who may wonder, why this generally ‘good news’ story that involves Clayton Homes but focused on others is being featured as our spotlight tonight? It would be a fair question coming from those with furrowed brows. Readers of MHProNews
A link arrived in an MHProNews inbox to a report published on The Quad City Times (QCTimes) by writer Graham Ambrose published on April, 24, 2020. The headline read, “‘Sure, it sounds unfair. But there’s nothing illegal about it’: How residents of Quad Cities trailer parks [SIC1] are getting pinched
Sam Zell, Equity Group Investments and Equity LifeStyle Properties chairman and founder, equates the current coronavirus pandemic to the Great Depression. Zell told Bloomberg today that everyone will be “permanently scarred” from this contagion’s effects. Besides the Bloomberg video snippets and the full interview video, all found below in our
This is an instance when the surprise is good news for numbers of manufactured housing professionals. Indications from an often reliable MHI connected source that HUD Code shipments would decline in March 2020 have proven to be inaccurate. Despite the forced closures by COVID19 of dozens of production centers in
Surprising March 2020 Manufactured Housing New Home Production, Shipment Data Read More
Tomorrow morning, MHProNews will publish the surprising March 2020 manufactured housing production/shipment data. That data juxtaposed with this ‘flash report’ from the American Enterprise Institute (AEI) for the dates shown. That featured focus will be found beyond two of our graphical snapshots of the markets, before our manufactured home connected
“Where the hell have you been?” Outside of a big box store on Sunday 5.3.2020 was a black man was talking on his cell phone, wearing personal protective gear. “Where the hell have you been?” was what he said to the person on the other end of his call. “When
Every part of the U.S. economy has been upended by the impact of COVID19. Some have and will benefit, but tens of millions have been harmed, more will be hurt, and the death toll keeps climbing. The viral outbreak is already a political issue, with the campaign of former Vice
“NAI Iowa Realty Commercial is a Berkshire Hathaway Subsidiary,” says Joanne Steven’s “Manufactured Home and Mobile Home Park” May 2020 “newsletter.” Preface. Someone can be the nicest person in the world, and wittingly or unwittingly still be a tool or pawn for others with greater power. Furthermore, history is replete
Art Linkletter, a one-time spokesperson for the Western States Manufactured Housing industry, used to have a hit television show entitled “Kids Say the Darndest Things.” Earlier today, a young child told who went out to ride his bicycle told his still younger sibling who had stepped outside to follow him
“Mayday is an emergency procedure word used internationally as a distress signal in voice-procedure radio communications,” says Wikipedia. May first is “May Day” – which has long held a different meaning for socialists, communists, capitalists and Christians. “Mayday, Mayday” is a decades-old distress call for pilots and sailors. First, as
“Traffic sucks. Business doesn’t suck yet but the pipeline [of manufactured homes sold] is emptying and then it will suck too.” So said a respected manufactured home retailer with years of success under their operation’s belt. By contrast, another industry source is telling MHProNews that they are having record results.
A well-placed pro-Manufactured Housing Institute (MHI) source has told MHProNews on 4.29.2020 about the multiyear “new class of homes” more recently rebranded as “CrossModTM homes” effort, saying that “I see no traction in the program.” An independent that is a believer in the project on that same date admitted
