A veteran Manufactured Housing Institute (MHI) lender’s controversial comments to the Daily Business News are bound to shake up discussions about two hot button industry topics. Those two subjects are: the Duty to Serve (DTS) Manufactured Housing, mandated by Congress a decade ago, and the Mortgage Loan Originator (MLO) …
The nature of free enterprise is that entrepreneurial motivated people or organizations identify a problem. Then the entrepreneur provides a service and/or product that addresses the need. Done properly, free enterprise yields a solution for those served that also yields a profit for those serving the needed. Against that …
The 2018 Tunica Show is now in the history books. Reports are that registrations and attendance was up at Tunica over last year’s event. Exhibitors in the events center – and those who displayed new factory built homes – reported good traffic, happy attendees, and solid results. What was …
In a twist, Democrats are among those supporting President Trump’s tariffs that target China. With the markets dropping 700 points on the announcement of the first of several planned tariffs, that will be our market focus tonight. If you’re new, already hooked on our new spotlight feature – or are …
President Trump Signs Tariffs, Stocks Drop, Plus MH Market Updates Read More
An independent manufactured home retailer walked up to the Daily Business News team in Tunica Wednesday to say, “thank you” for the depth of coverage of the industry’s news. A HUD Code home producer said, “I wish you’d tone it down a bit,” on the controversies, while expressing “appreciation for …
Manufactured Housing – “Giants vs. Independents” – Tunica Talk – “You’ve Got to See This” Read More
If you haven’t noticed all of the buzz around the Federal Reserve’s expected rate move, then maybe you’ve been on vacation. One might sympathize with former Texas Congressman and multiple time presidential candidate, Ron Paul and wonder why the Fed has been given so much power over the U.S. economy? …
Abracadabra, with Wave of a Powell’s Hand, Rates Change – Plus MH Market UPdate$ Read More
Rain and dreary weather outside did not keep hundreds of manufactured home retailers, communities, builder/developers and others from coming to the Tunica Manufactured Housing Show yesterday. Warm smiles, an upbeat attitude was in abundant evidence. Just a few photos from the event hall where exhibitors were on display, yesterday. …
Tunica Manufactured Housing Show, Photo Report, Day One Read More
Several dozen manufactured home industry pros took their seats in Tunica to hear Paul Barretto shed light on Fannie Mae’s long-awaited chattel lending plan. Barretto is Fannie Mae’s field point-man with the industry on the federally mandated Duty to Serve (DTS) Manufactured Housing. The law which included the …
Fannie Mae’s Paul Barretto, News-Making Remarks in Tunica Read More
The successful McCrory, AR lawsuit was a case brought by a nonprofit organization called Equal Justice. The organization’s name, Equal Justice, is at some level likely inspired by a longer phrase found on the U.S. Supreme Court building in Washington, D.C. = Equal Justice Under Law. It’s a quintessential …
Equal Justice, Citizen Power, and Manufactured Housing Read More
When left-of-center Bloomberg, and right-of-center Fox Business agree on an issue, is it time to pay more attention? Instead of hearing about a possible run for president in 2020, Facebook and its founder Mark Zuckerberg are ducking a barrage of controversy, which is shrinking shares value, and sparking investigations on …
PwC Partner Mitch Roschelle says that homebuilders’ optimism is retreating. Roschelle cites among the factors behind the decline – land, labor and lumber – which could affect every American who owns or rents a house. You could add one more “L” to Roshelle’s list, LIBOR. LIBOR is a benchmark rate, …
4 Concerns of Homebuilders Have Impacting Every American Read More
The faces at Tunica’s Hollywood Casino and Hotel chatting near the exhibit hall or lobby included many familiar ones in the manufactured housing (MH) industry, such as Fleetwood’s Charley Lott, or Keith Bennett from Kabco. Paula Reeves, President of CIS Financial, was was with a group of MH Industry …
Tunica, Nashville Trade Shows and Manufactured Housing Glory Days Read More
An explosion at what appeared to be a pre-HUD Code mobile home located in a manufactured home community was caught on a police dash camera. The explosion occurred at the Cypress Mobile Home Park, in Cypress CA, near Los Angeles. Police not only caught the incident on camera, but …
Mobile Home Explosion in a Manufactured Home Community Caught on Camera Read More
Tonight’s spotlight is a classic example of why the manufactured housing connected market report is set within the broader context of other – sometimes disruptive – macro-economic, media, or political issues. With only a handful of exceptions, the manufactured home connected stocks broadly declined, and apparently for reasons that have …
What is MHARR? What do they do? And why are there two national trade associations in manufactured housing? Often, a good place to begin is with what an organization says about itself. “The Manufactured Housing Association for Regulatory Reform (MHARR) is a Washington, D.C…-based national trade association representing the …
Understanding the Manufactured Housing Industry – What’s MHARR? What does MHARR do? Read More
With the Dow closing last week near where it began the month, Russell Investments Senior Portfolio Manager Douglas Gordon believes uncertainty is the biggest headwind affecting investors right now, says CNBC. “We’ve kind of seen the markets go sideways a little bit. I think it’s a case where the markets …
Markets “Craving Certainty” Again, Are “Deep State” & Media Reporting Hampering Business? Read More
If the third richest man in the world (net worth of $87.5 billion as of February 17, 2018, per Wikipedia), and the biggest boy on the block in manufactured housing (MH) was to give you some advice, would you take it? Can you think of a good reason why …
What does “News Through the Lens of Manufactured Homes, and Factory Built Housing” mean? Almost anything you can think of has some direct or indirect influence on manufactured homes (MH) and factory-built housing. Two obvious examples. Tax cuts and regulatory reform are political and economic issues that touched the …
Annual reports and investor presentations that involve manufactured housing companies can range from the black-and-white financial data and text, to robust, highly illustrated reports. Sun Communities (SUI) falls into the later range. While tens of millions of Americans misunderstand manufactured housing, sadly, thousands of manufactured home professionals have an …
Take what Kevin Clayton said in the exclusive video and reports previously produced by the Daily Business News. Marry it up with what Warren Buffett himself has said in interviews and comments, like those shown in the under 3 minute video below What you discover is a hand-in-glove fit. …
Warren Buffett Success Secret$, Video Interview Including “The Moat” Read More
