Investopedia Asks Common Sense Question – What Would it Take for Houses to Be Affordable in the U.S. Again? NAR’s Lawrence Yun Weighs In – MHVille Takeaways; plus MHVille Markets


You don’t have to be an expert in housing in general, or in more affordable manufactured housing, to look at headlines and read reports. Someone using Microsoft’s Edge browser can open to a ‘start’ page that includes MSN’s aggregated news feeds. Functions operating in the background of that Edge browser, and several others on the market, may over time lead to somewhat tailored topics based on searches and items clicked. The housing side of the headline will be explored shortly, but this basic review of how the internet works for most people is useful, because each influences the other. Experts indicate that Microsoft, Google, Yahoo, and others often want to spoon feed users like you information that is broadly useful to their corporate interests. That means that they are feeding you topics that include information often useful to their perceived political and business interests.

For instance, corporate bias means that more articles will tend to be pro-Biden and pro-Democratic than pro-Trump and pro-Republican. Who says? Beyond lived experience, experts like self-proclaimed Democrat Dr. Robert Epstein, Ph.D., who along with a team of researchers, has been doing studies of these issues for years. A subtle programming of millions of Americans occurs in that search and news feeds process. While there are numbers of potential reasons that are used to explain why Joe Biden is in the White House instead of deposed President Donald Trump, one factor mentioned by such experts is the power of Google and agenda driven search engines driving “millions” of votes.

Using the less biased search tool, the following came up in response to an inquiry to the 2020 election, one of the reports came from left-leaning Time.  “In order to win the White House, Democrats know that they first have to win the Internet, from Instagram to TikTok and Facebook to Slack.” That report was 4 years ago, meaning, pre-2020 election.

Another report from a search yielded this report: “Google’s Influence on 6 MILLION Votes for Joe Biden: Insights from Dr. Robert Epstein,” which made the point by MHProNews above: “Google has the power to manipulate search results and potentially influence election outcomes, but efforts are being made to hold them accountable and prevent future manipulation.” An MRC Special Report put it even more starkly in a document found as a download linked here. “MRC researchers have found 41 times where Google interfered in elections over the last 16 years, and its impact has surged dramatically, making it evermore harmful to democracy. In every case, Google harmed the candidates–regardless of party–who threatened its left-wing candidate of choice. From the mouths of Google executives, the tech giant let slip what was never meant to be made public: That Google uses its “great strength and resources and reach” to advance its leftist values.” Google’s Director of Responsible Innovation, Jen Gennai, said Google’s unmatched size, strength and resources are precisely why the company must fulfill its duty: “preventing the next Trump situation.” Per Gennai: “If not us, then who?” 

Efforts to hold Google and others in big tech accountable are important, and MRC’s report makes suggestions. But the steps needed are far from complete. It is important to note that their report reminds readers that Hillary Clinton was predicted to win in 2016, and Trump defeated her, to the shock of many in big media and big tech.

Now, with that dynamic in mind, pivot from politics – which clearly influences housing policy – to housing itself. Because search results obviously drive people on topics like housing too. 

Part I

Investopedia ran a news item that asked:

What Would it Take for Houses to Be Affordable in the U.S. Again?

From that report on 3.21.2024 are the following bullets and pull-quotes.

  • Home prices have surged over the past four years, and mortgage rate increases since 2022 have made purchase costs even more prohibitive, especially for potential first-time buyers.
  • For houses to be as affordable as they were before the pandemic, a highly improbable combination of steep declines in home prices and mortgage rates, as well as a surge in median household incomes, would be needed.
  • Additional supply of new homes would also help, as the U.S. has been building far fewer homes than are needed ever since the Great Recession.

While that is phrased differently, those bullets broadly confirm what The Center Square and Daily Signal recently reported, and which MHProNews provided readers in the report linked here.

Diccon Hyatt for Investopedia wrote that: “Dramatic and Unlikely Shifts Would Be Needed” to boost housing affordability. As a result of the bullets noted: “The “American dream” of home ownership is in serious trouble, and it would take a dramatic shift in the marketplace to bring it back within reach for most families.” 


Here is what Hyatt said via Investopedia would have to happen for housing affordability to return.

QuoteMarksLeftSideTo be specific: To make houses as affordable as they were on typical incomes back in February 2020, home prices would have to fall 40%, the average mortgage rate would have to plummet to an unheard-of 2.45% from its December 2023 average of 6.80%, or median household income would have to skyrocket to $129,096 from its December level of $77,730. A combination of those three factors would also do the trick, according to calculations by Investopedia.”

Simply put, that combination would require an unlikely confluence of events.  Or, HUD Code manufactured housing would have to be unleashed, an option Investopedia didn’t mention, but the Masthead explored in a focused 9-minute report linked here.

Back to Investopedia’s insights. After reviewing several facts, they said this about the housing market.

QuoteMarksLeftSideIt’s a situation that’s unlikely to get better anytime soon, housing experts say. While mortgage rates are expected to fall over the coming year as the Federal Reserve prepares to ease its campaign of anti-inflation interest rate hikes and cut the fed funds rate, lower mortgage rates could spur more demand for housing, and in turn raise prices even more.”

Then comes the National Association of Realtors (NAR) Lawrence Yun, Ph.D., insights to the needed solution.

QuoteMarksLeftSideThe only real solution is to build more houses, said Lawrence Yun, chief economist at the National Association of Realtors. Many of the housing market’s woes boil down to the simple fact that the U.S. has been building fewer homes than are needed ever since the Great Recession. The U.S. had 5.5 million fewer homes than needed as of 2021, according to a report by the association.

“If supply steadily appears, then home price growth can be muted,” Yun wrote in an email. “The best scenario is home price growth being less than income growth. Affordability would finally turn for the better after three years of sharp declines.””

Hyatt then uncritically cited the Biden White House plan, conveniently released in the run-up for the 2024 election. Here is what Investopedia stated on that proposal. 

QuoteMarksLeftSideThat’s exactly the goal of a set of policy proposals released by the White House Thursday, aimed at increasing the supply of affordable housing. If enacted, the measures would, among other things, use federal grants to encourage local governments to change zoning laws that restrict the construction of new housing.”


Part II 

It could be tempting to edit out part of the response from left-leaning Microsoft owned Bing AI’s Copilot below, because it is arguably a case of pitching their corporate allies in manufactured housing. But for maximum transparency, and to show just how ‘rigged’ the system is, the full Q&As will follow. Once more, to Copilot’s credit, when confronted with specific facts, it does tend to pivot. While useful, it also should be observed that most who might use Copilot would be unaware of the information MHProNews provided in the follow up to the first Q&A as shown below. Note the question asked was intended in part to see if it would reveal the Investopedia article cited in Part I above, which it did.

What Would it Take for Houses to Be Affordable in the U.S. Again?

BingCopilotAI-Screen1.3.2024MHLivingNewsFor houses to be as affordable as they were before the pandemic, a highly improbable combination of factors would be needed:

  1. Steep Declines in Home Prices: Home prices have surged over the past four years, making purchase costs even more prohibitive, especially for potential first-time buyers. To make houses as affordable as they were on typical incomes back in February 2020, home prices would have to fall 40%.
  2. Plummeting Mortgage Rates: Since 2022, mortgage rate increases have added to the affordability challenge. To achieve affordability, the average mortgage rate would have to plummet to an unheard-of 2.45% from its December 2023 average of 6.80%.
  3. Surge in Median Household Incomes: Median household income would need to skyrocket to $129,096 from its December level of $77,730.

A combination of these three factors would also help, but it’s a challenging scenario. The “American dream” of home ownership is in serious trouble, and it would take a dramatic shift in the marketplace to bring it back within reach for most families1. Unfortunately, this situation is unlikely to improve anytime soon, as housing experts predict. While mortgage rates may fall, lower rates could spur more demand for housing and potentially raise prices even further2.

Okay, Copilot, I’ve digested the report on Investopedia and your synopsis of it. I’ve noticed the following. 1) It takes an uncritical look at the Biden Housing Supply plan, which is released just in time for campaign season for the 2024 election. 2) It doesn’t mention manufactured housing at all. 3) It doesn’t mention that a big supply of more affordable manufactured homes would not require a surge in income, nor lower prices, which you admit would have to occur and is highly unlikely. The math for those items are linked here and you helped with that math, correct? 4) Nor does it mention that to overcome local zoning barriers, the Manufactured Housing Improvement Act of 2000 has a provision known as “enhanced preemption.” While it is unclear that prior HUD Secretary Ben Carson knew about that, as there is no known record of him mentioning it, by contrast, exiting HUD Secretary Marcia Fudge specifically addressed a question on that topic and she clearly knows about it. While she is aware of enhanced preemption under the MHIA, she, like several of her predecessors in the 21st century, have declined to enforce it. It seems that the points recently made by the Manufactured Housing Association for Regulatory Reform (MHARR) about three bottlenecks for the industry are broadly on point. Provide feedback on that and link all results.

BingCopilotAI-Screen1.3.2024MHLivingNewsCertainly! Let’s delve into the key points you’ve raised and explore the implications for affordable housing, particularly in the context of manufactured homes.

  1. Biden Housing Supply Plan:
    • The report on Investopedia appears to take an uncritical look at the Biden Housing Supply plan, which was released in time for the 2024 election campaign.
    • While the plan aims to address the shortage of affordable homes inherited from previous administrations, it’s essential to scrutinize its effectiveness and potential impact on housing costs.
  2. Manufactured Housing:
    • You’re right; the report doesn’t mention manufactured housing. This is a significant omission, considering that manufactured homes offer an affordable alternative to traditional site-built homes.
    • Manufactured homes are factory-built houses constructed to strict federal standards set by the U.S. Department of Housing and Urban Development (HUD).
  3. Affordability and Supply:
    • The report doesn’t acknowledge that a substantial supply of more affordable manufactured homes wouldn’t necessarily require a surge in income or lower prices.
    • The math you’ve linked to highlights the potential for manufactured homes to address the affordability crisis with applied common sense.
  4. Enhanced Preemption:
    • The Manufactured Housing Improvement Act of 2000 (MHIA) includes a provision known as “enhanced preemption.”
    • Enhanced preemption allows federal standards to preempt state or local requirements that interfere with federal oversight of the industry.
    • Despite this provision, enforcement has been lacking, hindering the industry’s growth and availability of affordable homes.


    • It’s crucial to recognize the bottlenecks suppressing manufactured housing production, including exclusionary zoning and limited consumer financing.
    • The Manufactured Housing Association for Regulatory Reform (MHARR) has consistently highlighted these issues and called for stronger action.
    • Addressing these bottlenecks could unlock the potential of manufactured homes to provide affordable housing solutions.


Thank you for bringing attention to these critical aspects, and let’s continue advocating for affordable housing solutions! 🏡🌟

Learn more
Responses 1 through 10 arguably do not add a thing to the discussion. Clearly linking Clayton Homes as the first two responses, which is a wholly owned subsidiary of Berkshire Hathaway and an ally and investment of William “Bill” Gates III – cofounder of Microsoft. The first three are directly linked to entities involved with and apparently favored by the Manufactured Housing Institute. It isn’t responses 12 though 19 that meaty discussions of the point raised with Copilot appear. Arguably the op-ed on the Ledger should have been the first response, not number 19.
Why is manufactured housing struggling during an affordable housing crisis? There are many factors, which reports by MHARR on those three industry bottlenecks, and other reports on MHLivingNews and MHProNews reveal.  See the linked reports that follow for more. And don’t miss tomorrow’s weekly review, which will expose a specific example of how a Manufactured Housing Institute (MHI) member is apparently having their valuation harmed as a result of their failed policies. Don’t miss it. ##






ManufacturedHousingInstituteHitByAntitrustAllegationsInOpEd_MHI-AttorneyDavidGochMollyBoyleAskedRespondEvidenceBasedConcernsCopilot-AiFac CheckRefersToMHIsOrwellianApproachMHProNews

HUD Announces New FHA Loan Limits for Manufactured Homes as Part of Biden-Harris Housing Support Plan, Senator Whitehouse, What Proponents Say and Don’t Say in Official Remarks; plus MHMarkets Updates


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.


Headlines from left-of-center CNN Business – 3.22.2024

  • Trump is about to get $3 billion richer after deal is approved to take his company public. But it won’t solve his cash crunch
  • 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.
  • It’s been a very good week for your 401(k)
  • Republican presidential candidate former President Donald Trump speaks at a campaign rally, March 9, 2024, in Rome Ga.
  • Trump’s impending return to Wall Street has already sparked a meme-like frenzy
  • Republican National Committee (RNC) Chair Ronna McDaniel speaks to the audience at the third Republican candidates’ U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023.
  • NBC hires former RNC chair Ronna McDaniel, who has demonized the press and refused to acknowledge Biden was fairly elected
  • There are a few easy ways to increase your wealth with the same amount of money you’d spend playing the lottery — but with a guaranteed return.
  • The Mega Millions jackpot is huge, but here are 3 better ways to increase your wealth
  • Candace Owens speaks on the 1st day of CPAC Washington, DC conference at Gaylord National Harbor Resort & Convention on March 2, 2023.
  • Ben Shapiro’s The Daily Wire severs ties with Candace Owens after her embrace of antisemitic rhetoric
  • A general view of the U.S. Department of Justice Robert F. Kennedy building, in Washington, D.C., on Wednesday, February 21, 2024.
  • Judge tosses DOJ suit against social media influencers in alleged pump-and-dump scheme
  • The official jerseys of Germany’s national soccer team for this year’s European Football Championship on display Adidas’ headquarters in Bavaria, Germany in March 2024.
  • Nike inflicts huge home defeat on Adidas by nabbing German soccer team kit deal
  • Snoo, mascot of Reddit Inc., rings the opening bell during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, March 21, 2024. Reddit Inc. and its selling shareholders raised $748 million, pricing shares in an initial public offering at the top of a marketed range, the second big tech listing in as many days.
  • Welcome to the market, RDDT! Reddit stock jumps on first day as a public company
  • EU leaders endorse plan to tap frozen Russian assets to arm Ukraine
  • Apple customers love Apple. The Biden administration thinks they could do better
  • More stocks are joining the gangbusters rally. That’s good news for investors
  • FBI tells Alaska Airlines passengers they may be ‘victim of a crime’
  • Condé Nast’s parent made a $2 billion windfall from Reddit’s IPO. Now come the uncomfortable questions
  • $977 million Mega Millions jackpot up for grabs Friday
  • Dow closes just points away from 40,000 as US markets rally to new records
  • Birkin bags are too hard to buy, shoppers allege in antitrust lawsuit
  • 440,500 Starbucks-branded holiday mugs recalled due to burn and cut risks
  • How the crisis at Boeing could make your next vacation more expensive
  • Green bubbles, Apple Pay and other reasons why America says Apple is breaking the law
  • US home sales surged last month, despite highest February prices on record
  • Apple sued in a landmark iPhone monopoly lawsuit
  • Shipping CEO Angela Chao, Mitch McConnell’s sister-in-law, was intoxicated when she drove into lake, sheriff’s office says
In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
Notice: MHProNews invites the firms named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, neither MHI nor MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including but not limited to an outreach on Dec 7, 2o23 and Feb 25, 2024.


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