“Vanguard Group Inc. increased its holdings in shares of Equity LifeStyle Properties, Inc. by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,909,450 shares of the real estate investment trust’s stock after buying an additional 472,855 shares during the quarter. Vanguard Group Inc. owned 13.36% of Equity LifeStyle Properties worth $1,586,981,000 at the end of the most recent reporting period.” So said the financial news site Defense World on 3.18.2024. MarketBeat said essentially the same thing in a report posted on their site on the same day. For those manufactured housing industry pros wondering how private equity giants like Vanguard may view the multiple national class action suits filed against Equity LifeStyle Properties (ELS) and other Manufactured Housing Institute (MHI) consolidators, the sizable increase by Vanguard may provide a clear indicator. But as Part II will remind readers, there has been a recent counter move by another big firm that is pivoting away from the manufactured home community sector. MHProNews will explore these events and others tied to it with additional facts and analysis in Part II.
According to the financial news site The Motley Fool, ADVRatings, and others, as of July 31, 2023, Vanguard had a whopping $8.2 trillion dollars in assets under management (AUM). BlackRock has about 10 trillion in AUM, with State Street reportedly has about $4 trillion in AUM. When State Street “Together with BlackRock and Vanguard, these three firms control a significant portion of the global financial market, with a combined AUM of over 22 trillion U.S. dollars3. Their influence is expected to continue growing, …” per a fact check with Bing’s AI powered Copilot on 3.21.2024. More on those three powerhouses further below.
But next, more on what the equity markets and analysts have said and done with respect to ELS, including but also beyond Vanguard’s recent move.
Part I
MarketBeat said: “Several other large investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in Equity LifeStyle Properties during the second quarter worth approximately $30,000. Brown Brothers Harriman & Co. purchased a new position in shares of Equity LifeStyle Properties in the first quarter valued at $59,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Equity LifeStyle Properties during the third quarter worth about $64,000. Second Half Financial Partners LLC bought a new stake in Equity LifeStyle Properties during the third quarter worth about $66,000. Finally, Huntington National Bank lifted its stake in Equity LifeStyle Properties by 73.4% during the second quarter. Huntington National Bank now owns 1,370 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 580 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.”
Here is how Defense World phrased a parallel paragraph.
Defense World went onto say the following.
A number of research firms have issued reports on ELS. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Truist Financial lowered their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a report on Wednesday, January 24th. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $64.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $70.15. … ##
Part II – Additional Information with More MHProNews Analysis and Commentary
1) Absent from the Defense World or MarketBeat reports are insights on the following.
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2) That noted, it is likely that the portfolio manager(s) at Vanguard is quite aware of the events above, prior to increasing their stake in ELS. It would be the job of a portfolio manager and supervisors further up their food chain to know the landscape before making this sizable move to increase Vanguard’s stake in ELS.
That could be interpreted as a kind of vote of confidence that ELS will either prevail, or successfully manage the litigation, as they have in the past. Even when ELS lost a big suit involving residents before, they have apparently adapted and kept moving ahead with their consolidation focused business model and all which that entails and implies. More insights and details on that are found in the reports linked above.
3) While much of private equity may be moving in a similar direction, some details in reports above from Defense World and MarketBeat indicate that there are those moving away from ELS, while others are embracing it. To grasp the way that ELS’ late leader, Sam Zell, pithily painted the picture himself, he said that ELS liked the oligopoly nature of the manufactured home industry.
4) The following Q&A with left-leaning Bing’s AI powered Copilot may be useful to some.
What relationship, if any, can there be between oligopoly and what has been described as a rise in the U.S. of oligarchs and plutocrats? That leaked letter from Citigroup and comments by Warren Buffett, among others, might lead someone to think that there is a relationship. Thoughts and links on how this might be a topic of interest with respect to manufactured housing industry underperformance in the 21st century?
- Oligopoly:
- An oligopoly refers to a market structure where a small number of large firms dominate an industry. These firms have significant market power and can influence prices, production, and other aspects of the market.
- In an oligopoly, competition is limited due to barriers to entry, collusion among firms, and interdependence between competitors.
- Oligopolies can lead to higher prices for consumers, reduced innovation, and concentration of wealth.
- Oligarchs and Plutocrats:
- Oligarchs are individuals who hold significant economic and political power due to their control over key industries or resources. They often accumulate wealth through business ownership, political connections, or inheritance.
- Plutocrats are extremely wealthy individuals who exert influence over economic and political systems. Their wealth allows them to shape policies, regulations, and public discourse.
- Possible Connections:
- Wealth Concentration: Oligopolies can contribute to wealth concentration by enabling a few powerful firms to accumulate substantial profits. These profits can then be channeled into personal wealth, creating oligarchs and plutocrats.
- Lobbying and Political Influence: Oligarchs and plutocrats often use their economic power to influence government policies, regulations, and tax laws. They may lobby for favorable treatment, leading to further wealth accumulation.
- Financialization and Speculation: The financialization of the economy (where financial markets play a dominant role) can benefit oligarchs and plutocrats. Speculative activities, such as stock trading and hedge funds, can generate immense wealth for a select few.
- Manufactured Housing Industry Underperformance:
- The decline in manufactured housing production in the 21st century is concerning. Factors contributing to this underperformance include:
- Affordability Challenges: Despite being a cost-effective housing solution, manufactured homes face financing challenges and zoning restrictions.
- Lack of Investment: Oligopolistic dynamics within the housing industry may limit investment in manufactured housing. Large players may prioritize other segments.
- Regulatory Barriers: Regulatory hurdles can hinder the growth of the manufactured housing sector.
- Addressing these issues requires effective and aggressive efforts from industry associations, policymakers, and stakeholders. Oligarchs and plutocrats could play a role in advocating for policy changes that promote affordable housing and support the industry.
- The decline in manufactured housing production in the 21st century is concerning. Factors contributing to this underperformance include:
- Conclusion:
- The relationship between oligopoly, wealth concentration, and the rise of oligarchs and plutocrats is intertwined. Understanding these dynamics is crucial for addressing economic inequality and ensuring a more equitable society.
For more information, you can refer to the following sources:
- TIME: What America’s Plutocrats Should Learn From Past Generations1
- Helpful Professor: Plutocracy vs Oligarchy2
- Pediaa: Difference Between Oligarchy and Plutocracy3
- Manufactured Home Pro News: Drastic Manufactured Housing Production Decline1
- Manufactured Home Pro News: Thousands of Troubling Losses and Near-Death Experiences4
Learn more
To be clear, those insights are generated by Copilot. MHProNews may take editorial exception to certain nuances in the above. That noted, it is a broadly useful way to pivot toward in terms of what follows.
5) It is arguably an exaggeration to claim, as some seem to do, that the three private equity giants of BlackRock, Vanguard, and State Street have a ‘monopoly’ on ‘everything.’ As these news items on ELS from Defense World and MarketBeat demonstrated, Vanguard has a big stake in ELS firm. They would obviously have an outsized influence over a typical retail investor. So, influence is a fair statement, but to claim a ‘monopoly’ over ‘everything’ is arguably claiming too much, based on known evidence at this time.
6) That said, MHProNews has been periodically reporting on how others are responding and reporting on private equity giants such as BlackRock, Vanguard, and State Street for some years. Note that Copilot said in part above that: “These firms have significant market power and can influence prices, production, and other aspects of the market.” Quite so. As was noted in the preface, roughly 22 trillion dollars in AUM is collectively controlled by those three firms.
Yet, despite that “significant market power” and “influence,” others in MHIndustry trade media or bloggers may have said little or nothing about these topics and their significance. Their failure to do so should speak volumes, and the reverse of that here – our MHProNews coverage of such topics may shed light on why our platforms have apparently outperformed our rivals in terms of traffic and reader engagement. Some examples of reports on such private equity firms and their influence are linked below.
7) One should keep in mind that Cavco Industries (CVCO) CEO William “Bill” Boor essentially opened the door on these topics in July 2023 in testimony to Congress. MHProNews reported. Others ignored or distracted from the obvious implications from some of Boor’s testimony.
8) Put bluntly, Boor should not be able to have it both ways. Boor was the Manufactured Housing Institute vice chairman at the time, and he is the MHI chairman currently. If Boor believes what he told Congress about ESG mandates distorting markets, then by implication that means that these private equity giants are distorting markets. Once more, consider what Copilot said in Part II #4 above in response to MHProNews’ inquiry: “These firms have significant market power and can influence prices, production, and other aspects of the market.” Again, that is quite so.
But if Boor and Cavco’s top leadership, or others involved at MHI for that matter, then fail to take the steps needed to safeguard other investors and stakeholders’ interests, that could be a problem.
9) The recent sale by Brookfield Asset Management (BAM) of some of their investments in manufactured home communities makes it clear that these organizations do not always operate in a monolithic fashion.
10) The ever more apparent battle over the control and future of America, which includes how the future of manufactured housing will play out, includes the need to understand how private equity plays an outsized influence over corporations like ELS, Cavco, or others. In turn, private equity plays a role with elected and thus appointed government officials. Government officials clearly includes regulators.
11) The state of Texas’ public schools announced this week that it was divesting itself of a $8.5 billion dollar stake in BlackRock. As The Hill and others in media reported, “Texas’s public schools are pulling out billions of dollars that had been invested with asset manager BlackRock — a firm the state accused of boycotting fossil fuels.” There is apparently a growing understanding among conservatives and so-called ‘red states’ that not all businesses have the best interests of their citizens in mind.
The battle over the future of America obviously includes our manufactured home profession.
That logically includes the rights of individual employees and customers. Fewer firms in control of a sector means depressed pay in that sector, per research reports like the second linked report shown below. Fewer firms in a sector also means ‘satisfaction’ at work is often lower, as MHProNews has documented by using sources such as actual remarks and ratings by employees through Indeed (first linked report below).
12) There is a natural tension, in the view of some, between sellers and buyers. Or a tension between employees, owners, and management.
But a more traditional view of the American Dream is the notion that good businesses serve their customers in a transactional partnership where both sides benefit from the deal. A business or profession traditionally had a transactional (as differentiated between a formal or contractual) partnership with employees (stakeholders) too.
Thus, if owners and corporate leaders are essentially having to deceive either employees or customers (or both), a problem(s) obviously exist.
13) BlackRock, Vanguard, State Street, Berkshire Hathaway, the Carlyle Group, BAM, Blackstone, and some other large conglomerates/private equity giants doubtlessly have significant influence in America and in several instances, beyond the USA. The rise of their financial, big tech, big media, and political influence has been likened to the rise of a new ‘modern’ feudalism. MHLivingNews ran the report linked below approaching 4 years ago. It goes without saying that media can’t report on what they don’t know or don’t properly understand. But as reports like those linked herein attest, as MHProNews – and our MHLivingNews sister site – has demonstrated over the years, we have faithfully and accurately reported on events that impact our profession, smaller businesses, customers, and the broader public.
14) The rise of feudalism is not to be taken lightly or merely as an interesting mental exercise in civics or economics. The American ideal is in several respects the antithesis of such a feudalism, old or new. Why? Because in feudal society there are lords, nobles, masters – some administrators for the later. Meanwhile, the vast majority of the population are serfs.
Serfs are a half step above slaves. Technically free, perhaps, but so beholden to their masters as to have little say over much that occurs with respect to their own lives.
Much ado is made about the injustice of slavery in America, which is as formally ended over 150 years ago. Most of planet Earth has experienced either a form of feudalistic or slave-owning society for much of human history. The map below is a reminder of when slavery or serfdom was formally ended in nations and places around the globe.
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15) Note that left-leaning Copilot essentially confirmed much of the above regarding the concerns that should be on the minds of employees, customers, smaller businesses and more modest investors.
Define serfdom, slavery, and explain their relationship. Then explain how historically feudalism tended to limit individual rights for the majority of the population, and why free enterprise and constitutionally protected rights tend to protect the rights of individuals.
- Serfdom:
- Serfdom was a social status prevalent during feudalism, particularly in Europe during the Early Middle Ages.
- Definition: Serfdom involved peasants who were bound to the land they cultivated. They owed various obligations to their lords (often nobles or landowners).
- Rights and Restrictions:
- Serfs were not slaves but had limited rights. Unlike slaves, they couldn’t be bought or sold individually.
- They worked on the lord’s fields, in mines, forests, and maintained roads.
- In return, they received protection, justice, and the right to cultivate specific fields for their subsistence.
- Serfs were legally and economically bound to the manor, forming the basic unit of feudal society.
- Slavery:
- Slavery refers to the ownership and control of individuals as property. Slaves were denied basic rights and subjected to forced labor.
- Distinctive Features:
- Slaves could be bought, sold, and traded individually.
- They had no personal autonomy or legal protections.
- Slavery existed in various forms across different societies and historical periods.
- Relationship:
- Both serfdom and slavery involved labor obligations and restricted rights.
- While serfs were tied to the land and had some legal protections, slaves were entirely at their owners’ mercy.
- Both systems perpetuated social hierarchies and economic inequality.
- Feudalism and Individual Rights:
- Feudalism was a system where landownership and personal relations were central. It lasted from the 5th to the 12th centuries.
- Impact on Individual Rights:
- Limitations: Feudalism fragmented political units, diffusing authority. Local elites held power, limiting individual rights.
- Protection of Property: The Constitution’s Framers recognized property rights as essential. Protection of property was crucial for individual liberty.
- Free Enterprise: Feudalism hindered economic growth. Free enterprise, with private property rights, allowed innovation, trade, and prosperity.
- Constitutional Rights: The U.S. Constitution enshrined individual rights, including property rights, as fundamental.
- Equality and Prosperity: Free countries with strong property rights tend to be wealthier and more prosperous.
In summary, while feudalism historically limited individual rights, free enterprise and constitutional protections empower individuals, promote economic growth, and safeguard liberties.1234
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17) As a point of curiosity, the logo for Vanguard may be ironically telling. Those old wooden sailing ships carried people away from the Old World, as intrepid souls sought a better life. One that over time led millions to leave the various institutional chains that limited people. Those same ships carried products back and forth from the New World to the Old World.
18) Before wrapping up this report, one more Q&A with Copilot will tee up the linked items that will follow. Hold onto your hat.
To put 22 trillion into perspective, name some countries that have that sized or smaller GDPs.
- United States: The largest economy in the world, with a nominal GDP of approximately 25.46 trillion U.S. dollars1.
- China: The second-largest economy, with a nominal GDP of around 17.96 trillion U.S. dollars1.
- Japan: With a nominal GDP of about 4.23 trillion U.S. dollars1.
- Germany: Its nominal GDP is approximately 4.07 trillion U.S. dollars1.
- United Kingdom: With a nominal GDP of around 3.07 trillion U.S. dollars1.
- India: Its nominal GDP is about 3.39 trillion U.S. dollars1.
- France: With a nominal GDP of approximately 2.78 trillion U.S. dollars1.
- Italy: Its nominal GDP is around 2.01 trillion U.S. dollars1.
- Brazil: With a nominal GDP of about 1.92 trillion U.S. dollars1.
- Australia: Its nominal GDP is approximately 1.68 trillion U.S. dollars1.
These countries’ economies are significant, but none of them individually match the colossal scale of 22 trillion U.S. dollars. It’s remarkable how BlackRock [Vanguard] and State Street manage assets equivalent to or greater than the entire economic output of these nations! 🌍💰 …”
MHProNews edited in the word Vanguard above to save time and word count for a corrective Q&A.
Part III – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.
This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.
The macro market moves graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.
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.
Special NOTICE: MHProNews doesn’t often mention when a headline or report is deceptive or misleading in this left-right recap of headlines. But the 3rd headline from CNN is arguably a steaming pile of BS. But it is their headline, and this is just a reminder that all news sources should be critically evaluated based on other known information.
Headlines from left-of-center CNN Business – 3.20.2024
- Stocks surge after Fed indicates three rate cuts still coming this year
- How to make high interest rates work for your hard-earned savings
- The $7 trillion boost to the US economy from immigration has downsides too
- Federal Reserve Chair Jerome Powell holds a press conference at the end of the two-day Federal Open Market Committee (FOMC) meeting at the Federal Reserve in Washington, DC, on March 20, 2024.
- The Fed keeps interest rates at 23-year high for the fifth time
- A for sale sign is seen outside new houses on a construction development in June 2023 in Nantwich, England.
- How low could your commission go? Take a look at how the UK sells homes
- Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’
- StretchLab’s Newport-Mesa studio in Southern California.
- Stretching studios are popping up everywhere. Are they worth it?
- Chips Ahoy! to debut new cookie recipe with improved chocolate chips
- In this National Transportation Safety Board (NTSB) handout, NTSB Investigator-in-Charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX on January 7, 2024 in Portland, Oregon. A door-sized section near the rear of the Boeing 737-9 MAX plane blew off 10 minutes after Alaska Airlines Flight 1282 took off from Portland, Oregon on January 5 on its way to Ontario, California.
- Boeing forecasts big losses after the Alaska Airlines incident
- People walk around the New York Stock Exchange in New York, Tuesday, March 19, 2024. U.S. stocks are rising Tuesday as Wall Street waits to hear what the Federal Reserve will do with interest rates.
- This Fed meeting is dangerous for markets. Here’s why
- Luxury stocks slump as Gucci sales slide
- Questions mount over Israel’s killing of journalists covering the war on Hamas
- Ozempic profits are helping fund a new Nvidia-powered AI supercomputer
- How the Kate photo saga ballooned into a crisis
- The US economy is nowhere near a recession, Goldman Sachs’ top economist says
- Mega Millions jackpot climbs to $977 million
- A coal billionaire is building the world’s biggest clean energy plant and it’s five times the size of Paris
- Chipotle’s stock is so hot, the company’s board approved a 50-for-1 stock split
- MacKenzie Scott donates $640 million after open call for nonprofits
- Trader Joe’s recalls some cashews in 16 states due to salmonella risk
- Congress requests documents from UC Berkeley in widening campus antisemitism investigation
- Trump sues ABC News and George Stephanopoulos for defamation over Nancy Mace interview
- Judge rules YouTube, Facebook and Reddit must face lawsuits claiming they helped radicalize a mass shooter
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Headlines from right-of-center Newsmax – 3.20.2024
- Judge: Trump Can Appeal Ruling Keeping Fani Willis on Georgia Case
- A Georgia judge on Wednesday said former President Donald Trump and several of his co-defendants in the state’s criminal election interference case could appeal a ruling that allowed the lead prosecutor, Fani Willis, to remain on the case. [Full Story]
- Israel at War
- House GOP Mulls Inviting Netanyahu to Address Congress
- Biden to Pressure Israel on Alternatives to Rafah Op
- Israeli Military Kills 90 Terrorists Fighting From Gaza’s Al Shifa Hospital
- Israeli Officials Pessimistic on Outcome of Israel-Hamas Talks
- Biden to Netanyahu: I’m Not Trying to Overthrow You
- Heavy Fighting Rages around Gaza’s Biggest Hospital as Israel Raids it for a Second Day
- K.T. McFarland to Newsmax: Dems Turn Against Israel for Dearborn Vote | video
- WH: Israel Airstrikes Kill No. 3 Hamas Commander
- Netanyahu: War Win Will Be Blow to Iran Terror Axis
- Newsmax TV
- Lankford: Biden Admin ‘Unwilling’ to Enforce Border
- Dershowitz: Biden Charges Would Be GOP ‘Tit-For-Tat’ | video
- Comer: ‘What’s Impeachment Going to Do’ About Biden?
- Powerlifting President: Science Led to Court Win Over Trans Challenge | video
- Jordan: Biden Probe Continues Despite Shrinking Majority | video
- Jake LaTurner: ‘Right and Proper’ to Issue Criminal Referrals | video
- Dershowitz: $464M Judgment Against Trump Intended to Prevent Appeal | video
- K.T. McFarland on Dem Turn Against Israel | video
- Darin Hoover: Critical of Testimony on Afghanistan Exit | video
- More Newsmax TV
- Newsfront
- Comer to Newsmax: ‘What’s Impeachment Going to Do’ About Biden?
- House Oversight and Accountability Chairman James Comer, speaking with Newsmax before Wednesday’s testimony from associates of Hunter Biden, said criminal referrals against President Joe Biden and members of his family are now being sought rather than articles of impeachment. … [Full Story]
- Related Stories
- Hunter Business Partner Galanis: Goal ‘to Make Billions, Not Millions’
- Tony Bobulinski Rips Dems’ Character ‘Assassination’: ‘Disgusting’
- Jake LaTurner to Newsmax: ‘Right and Proper’ to Issue Criminal Referrals
- Jordan to Newsmax: Biden Probe Continues Despite Shrinking Majority
- Dem Rep. Raskin: Impeachment ‘Comedy of Errors,’ ‘Crashing to an End’
- Sam Bankman-Fried: ‘I’m No Super Villain’
- Sam Bankman-Fried is no “super villain” and should not spend a [Full Story]
- Trump Signals Support for 15-week National Abortion Ban
- Former President Donald Trump said he was leaning toward a 15-week [Full Story]
- NYC Comptroller: Each Migrant Should Get Free Lawyer
- New York City Comptroller Brad Lander says each of the tens of [Full Story]
- Trump-Backed Candidate to Replace Kevin McCarthy in House Faces Runoff
- Republican state legislator Vince Fong advanced to a May election in [Full Story]
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- Trump-Backed Moreno Wins GOP Senate Primary in Ohio
- Trump Rolls in 4 States, Tightens Grip on GOP Nomination |video
- Alabama Approves Absentee Ballot, Anti-DEI Bills
- Ohio Exit Polls: Immigration Top Issue With GOP Voters
- Primary Protest Vote Against Biden Hits 10% in Kansas |video
- HHS’ Becerra: Over 300K Migrant Children Released in US
- “Over 300,000” unaccompanied migrant children have been released into [Full Story]
- Blackburn Probes USMA’s Dropping of ‘Duty, Honor, Country’
- Marsha Blackburn, R-Tenn., is probing the U.S. Military [Full Story]
- Emerson Poll: Gallego Tops Lake by 4 Points in Ariz.
- Ruben Gallego, D-Ariz., is leading Republican Kari Lake by 4 [Full Story]
- North Korea’s Missile Tests Preview of ‘Next Couple of Years’
- Pyongyang’s firing of several short-range ballistic missiles is a [Full Story] | Platinum Article
- Related
- North Korea Claims Progress on Hypersonic Missile Designed to Strike Guam
- Paul to Hold Up ‘Minibus,’ Says It’s ‘Terrible Idea’
- Rand Paul, R-Ky., said Wednesday he will hold up a package of [Full Story] | video
- Fed Still Sees 3 Rate Cuts in 2024 Amid Sticky Inflation
- The Federal Reserve held interest rates steady on Wednesday, but [Full Story]
- NYC Poll: 50% Plan to Leave in Next 5 Years
- Fifty percent of New Yorkers say they plan to leave New York City [Full Story]
- N.Y. Asks Court Not to Let Trump Forgo $454M Bond
- New York state lawyers urged an appeals court Wednesday not to accept [Full Story]
- Judge Suggests Michael Cohen Perjured Himself, Won’t End Supervised Release
- A federal judge on Wednesday denied Michael Cohen’s request to end [Full Story]
- Former Marine to Stand Trial for Subway Chokehold Death
- Daniel Penny, the former Marine who placed a homeless man in a [Full Story]
- Zero: Retirement Savings for 28% of Americans
- Nearly one-third, 28%, of people have nothing saved for retirement, a [Full Story]
- DeSantis: Haitians Could Go to Martha’s Vineyard
- Florida Republican Gov. Ron DeSantis said he might transport Haitian [Full Story]
- Gold Star Dad Who Heckled Biden Won’t Face Charges
- Charges were dropped against a Gold Star father arrested for heckling [Full Story]
- House GOP Mulls Inviting Netanyahu to Address Congress
- Israeli Prime Minister Benjamin Netanyahu will address the Senate [Full Story]
- Biden Unveils Strict Auto Standards to Speed EV Shift
- President Joe Biden’s administration announced Wednesday revised [Full Story]
- Rasmussen Poll: 62% Say ‘Illegal’ Is Correct Term
- President Joe Biden has said he shouldn’t have uttered the term [Full Story]
- Mark Cuban Defends Trump After Dem Lawmaker’s Barb
- Billionaire Mark Cuban, who has said he will vote for President Joe [Full Story]
- Ultrasound Plus MRI May Be Prostate Cancer Treatment
- Precisely delivered ultrasound could be an effective treatment for [Full Story]
- Russia, Ukraine Evacuate Civilians Amid Border Attacks
- Russia and Ukraine said they repelled numerous air attacks late [Full Story]
- Related
- France Calls Russian Spy Chief Remarks ‘Irresponsible’ Provocation
- Russia Rejects Talk of Election Rigging for Vladimir Putin
- The Kremlin said Wednesday the presidential election was absolutely [Full Story]
- Pope Calls for Negotiation to End Ukraine, Mideast Wars
- Pope Francis on Wednesday issued a fresh call for peace through [Full Story]
- GOP AGs Oppose Biden’s Apprenticeship Diversity Plan
- A Biden administration plan to promote diversity and equity in [Full Story]
- Judge: Trump Can Appeal Ruling That Kept Fani Willis on Georgia Case
- A Georgia judge on Wednesday said former President Donald Trump and [Full Story]
- Mexico: No Texas Deportations ‘Under Any Circumstances’
- The Mexican government says it will not accept deportations from [Full Story]
- Leo Varadkar to Step Down as Irish PM, Party Leader
- Irish Prime Minister Leo Varadkar announced Wednesday that he will [Full Story]
- Manchin: Fund Ukraine or ‘Face Worst Atrocity in History’
- Joe Manchin, D-W.Va., called for Congress to support Ukraine in [Full Story]
- More Newsfront
- Finance
- Fed Still Sees 3 Rate Cuts in 2024 Amid Sticky Inflation, Stronger Economy
- The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite stodgier expected progress towards the U.S. central bank’s 2% inflation target…. [Full Story]
- Drive to Bankrupt Trump, Save Biden Unamerican
- Troubled NYCB Not Another Silicon Valley Bank. It’s Worse.
- Hermes Sued for Putting Limits on Birkin Bag Sales
- More Finance
- Health
- Report: 1 in 10 US School-Age Kids Have ADHD
- About 1 in every 10 U.S. children ages 5 to 17 has been diagnosed with attention deficit hyperactivity disorder (ADHD), according to the latest government statistics…. [Full Story]
- The Newest ‘Dirty Dozen’ List of Produce to Avoid
- Foods and Drinks That Can Cause Congestion
- Beware of Product Recalls Harmful to Your Health
- Persistent Dry Eyes May Indicate Serious Issues
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- NOTE 1: 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.
- Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.
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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.
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 above.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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- Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
- Note 2: Manufactured housing, building, 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.
- Note 3:
APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities, KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.
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 linked herein. 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, honors and numerous public recognitions for his achievements 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. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but those sites get more much more total traffic). Statistics Data Infographics Research Facts Evidence and manufactured housing industry expert analysis make us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.
