Billions in Trump Administration Spending on Federal Housing Programs, New Federal Data, plus Manufactured Home Investing, Stock Updates

DowJones10232019ManufacturedHomeStockUpdatesWith our national debt well above $20 trillion, now is the time to reverse the trend of climbing government spending. The President’s federal budget commits to restraint while prioritizing funding to rebuild our national defense and strengthen America’s borders,” according to the White House website.

Our sister MHLivingNews site made the case during the Obama Administration that the federal government could in a fairly reasonable time frame significantly reduce federal housing spending, while creating new homeowners and good jobs in the process. That report was called “Reinventing HUDs Role in Quality Affordable Housing, Reducing Poverty and Dependency,” and is linked here. Think about that report plus others as you look at White House data provided to MHProNews today on just how much the federal government is spending on housing programs.


Regular readers please note there are a few tweaks to some of the standard portions of our evening market/investing report. Read carefully as some changes of the ‘standard text’ that follows before our left-right headlines and also in other features near the end of tonight’s reports.

Every evening our headlines that follow provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get ‘insights-at-a-glance.’

This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing” ©.

We begin with headlines left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.

Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.


There are lots of place to get news, but no one else provides “News through the lens of Manufactured Homes and Factory-Built Housing” © like MHProNews. The manufactured home industry is underperforming. Why? We explore that topic routinely, and graphics like the one below spotlight the reality of that vexing fact.

Newsy, Peeling Back Media Bias, Manufactured Housing Sales, Investing, Politics, and You

The industry is underperforming. Why? It is a vexing, complex yet simple issue. Learn more at this link here. To see this graphic above full size, download and open.


Headlines from left-of-center CNN Business.

  • Back in the black – Tesla shares soar on surprise profit
  • WeWork’s disgraced CEO is getting a massive payout. Now workers await their own fate
  • Ford posts strong earnings but cuts outlook
  • In race for holiday shoppers, retailers promise speedy deliveries and tech in stores
  • Honda plans to go all-electric by 2022, three years earlier than originally planned
  • Analysis: The trade war is destroying American profit
  • Stocks finish higher ahead of earnings
  • Mark Zuckerberg grilled by Congress over Libra and political ads policy
  • Opinion: If Facebook doesn’t launch Libra, someone else should
  • WWE gets smacked down by Wall Street
  • His bullet-resistant doors are turning classrooms into safe rooms
  • Kelly Clarkson’s new talk show is a hit. Here’s why that’s a big deal
  • Elizabeth Warren is alarmed about the turmoil in overnight lending markets
  • Photograph of the Sycamore processor.
  • Google claims its quantum computer can do the impossible in 200 seconds
  • Watch Zuckerberg react when a lawmaker compares him to Trump
  • Lion Air crash investigation faults Boeing 737 Max design and oversight
  • Boeing is profitable again
  • Latest 737 Max problems could come at huge cost
  • New safety issues with older version of 737 arise
  • Airlines have a climate problem. Now one company is promising carbon-neutral flying by 2050
  • Burger King is selling a ‘Ghost Whopper’ for Halloween
  • Dunkin’ is launching its Beyond Meat sandwich nationally
  • Wendy’s unveils its full breakfast menu
  • Taco Bell now has a vegetarian menu
  • Chipotle CEO says breakfast is off the table … for now


Headlines from right-of-center Fox Business.

  • Amazon accused of selling clothes from factories where workers are ‘trapped’
  • Amazon is accused of selling clothes on its website from factories in Bangladesh and elsewhere where working conditions are unsafe.
  • AOC grills Zuckerberg over Facebook’s fact-checking policy in tense exchange
  • Mark Zuckerberg defends Facebook’s controversial ad policy: ‘Not about the money’
  • WATCH: Trump says US energy was ‘under relentless assault’ from Obama admin.
  • Energy Sec. Rick Perry: Trump is ‘doing what he said he would do’
  • Heartburn medication recalled after FDA warns of potential cancer risks
  • Chuck DeVore: Why I have no regrets about leaving California for Texas
  • Flight attendants busted with thousands in cash during customs check
  • What Ruth Bader Ginsburg plans to do with $1 million prize she won
  • ‘That song is my life’: Pop star fires back at plagiarism accusers
  • Biogen pursuing approval for groundbreaking Alzheimer’s treatment
  • Judge Napolitano: How much prison time Lori Loughlin could get with deal
  • Could this menu item help McDonald’s turn stock drop around?
  • Terrifying haunted house offering $20K if you can escape with your life
  • This star tops NBA’s highest-paid players amid China flap
  • Activists picket NBC demanding action: ‘not just a Matt Lauer problem’
  • Stocks finished little changed as Dow heavyweights Boeing, Caterpillar rise
  • WATCH: Blacklisted Huawei still plans to work with US companies, SVP says
  • PARTY WITH BARBIE: How to book rare stay in life-size Malibu Dreamhouse
  • Ski resort for ultra-rich hit with lawsuit over low wages
  • How many jobs WeWork reportedly plans to axe
  • What prompted Melania Trump’s first solo trip to Capitol Hill
  • WATCH: Martha Stewart roasts Felicity Huffman’s prison look
  • Why the FDA wants highest-level warning on breast implants
  • Kentucky Fried…Pez? The Colonel is getting his own PEZ dispenser
  • Walmart offering holiday deals early this year, announces in-store events
  • ‘Wonder Years’ actress in more hot water with billionaire Peter Thiel’s firm
  • Inside Tiffany’s luxurious 12 days of Christmas
  • What you should know about California’s next mass power outage
  • Facebook CEO Mark Zuckerberg’s response when asked if he’s a capitalist
  • Democratic senators look to repeal SALT deduction with special vote
  • White House officials to attend Saudi conference shunned after reporter death
  • Painting stolen by Nazis recovered from New York museum
  • US trade representative meets with House Dems to iron out USMCA
  • Trump says Turkey will make Syria cease-fire ‘permanent,’ lifts sanctions
  • Amazon selling clothes from Bangladesh factories where working conditions are unsafe: report
  • This state’s 2012 tax hike spurred mass wealth exodus, new study finds
  • Truck carrying 39 bodies took longer route likely to avoid security checks
  • Chipotle running out of this hot menu item
  • DOJ sues California over cap-and-trade agreement with Quebec
  • How to keep a business from getting dragged into a divorce


10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…



Tonight’s Business/Market/Political Impact Spotlight –


The data that follows is from the White House Office of Budget and Management (OMB), specifically, from Table 11.3—Outlays for Payments for Individuals by Category and Major Program: 1940–2024. That document is available linked here as a download. We highlighted in yellow the portion that deals with federal housing expenditures. Keep in mind that state and local governments may spend money on housing too.

For historical context, in 1971 and 1972, here were the totals. The spending shown below is in millions of dollars. So 1971 is $735 million dollars. 

1971 1972
Total Direct Grants Total Direct Grants
735 173 562 1,090 340 751

Note that those years pre-HUD Code mobile homes were on the rise, soon to hit their historic highs, prior to the enactment of the HUD Code for manufactured housing which occurred in 1974, and took effect on June 15, 1976.

Fast forward to 2015 and the last two years of the Obama Administration, noting that the 44th president’s administration was also responsible for the 2017 budget.

The spending shown below is in millions of dollars. So, 2015 is $46.745 billion dollars.

2015 2016
Total Direct Grants Total Direct Grants
46,745 18,215 28,530 48,003 18,442 29,561
2017 2018
Total Direct Grants Total Direct Grants
48,920 18,706 30,214 48,425 17,370 31,055
2019 estimate 2020 estimate
Total Direct Grants Total Direct Grants
50,161 17,498 32,663 48,928 17,047 31,881
2021 estimate 2022 estimate
Total Direct Grants Total Direct Grants
47,994 17,066 30,928 47,021 16,786 30,235
There are several factors that historically have impacted manufactured housing, starting in the mobile home era before June 15, 1976. Public policies, media coverage, zoning, finance, federal housing spending are among them. In the Berkshire Hathaway era that began in 2003, the industry’s underperformance has become a 15 plus year trend, despite their arguable ability to overcome the factors that are holding the industry back. With some $100 billion plus in reserves, and Warren Buffett having told Kevin Clayton that there is ‘plenty of money’ to do whatever Clayton Homes and their affiliated lenders needed, a logical conclusion is that Berkshire wants the industry to underperform while it consolidates the industry at a discounted valuation. See the reports linked here, here, and here.

Professional State Association Videos Promoting Manufactured Homes, Insights and Analysis

One may recall that there were protests against HUD Secretary Carson and the Trump Administration for the ‘cuts’ in spending, although they were within ½ a billion dollars of 2017 spending. In hindsight, some of those protestors were linked to organizations that had ‘dark money’ funding from Warren Buffett. Estimates for 2019 and 2020 indicate increases in spending, but there has still be pushback on spending levels that were higher than those of many, but not all, of the Obama years.

On March 19, 2019, MHProNews provided a snapshot of the views of manufactured home community owner Marge Clark. In a nutshell, she argues that manufactured housing is competing against federal spending on housing.

Subsidized Housing vs Manufactured Homes, Community Owner Marge Clark Sounds Off

When someone looks at the historical trends, she has an interesting point.

There are 2020 candidates who are advocating a boost to spending on housing programs, which would arguably be a potential threat to manufactured housing independents, depending on how those programs are structured.

As some already know, there are several reasons why the 2020 political races could have serious ramifications for manufactured housing companies and investors. See the related reports for more.

Related Reports:

Bernie, Donna, Hillary, Tulsi, and The Donald, plus Manufactured Home Sunday Morning Weekly Headline Recap 10.20.2019

President Trump’s New Executive Orders Vindicate Longstanding MHARR Arguments, Says Manufactured Housing Association for Regulatory Reform

‘Perfect Builders’ Storm’ – CNBC Report – Takeaways for Manufactured Housing Pros, Investors, and Advocates


Manufactured Housing Industry Investments Connected Closing Equities Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

  • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
  • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
                • ManufacturedHousingIndustryConnectedStocks10232019ClosingTickersManufacturedHomeProNewsInvesting

Updated for Fall 2019

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.

Enjoy these ‘blast from the past’ comments.

Just a few of the actual public comments at about the one year mark into our publishing of what is now known as MHProNews. MHProNews – previously a.k.a. – has now celebrated our tenth anniversary. Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.


Celebrating 10 Years of Goal- and Solution-Oriented Manufactured Home Industry Innovation Information, and Inspiration for Industry Professionals

· For expert manufactured housing business development or other professional services, click here.

· To sign up in seconds for our industry leading emailed headline news updates, click here.

Disclosure. MHProNews holds no positions in the stocks in this report.

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(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for, and

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