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Investor Alert – Manufactured Housing Institute Paltering Concerns, Fannie Mae’s Duty to Serve, plus Manufactured Housing Investing, Stocks Updates

DowJones11152019ManufacturedHomeStockUpdatesExecutive Vice President Lesli Gooch, the “CEO-elect” of the Arlington, VA based Manufactured Housing Institute (MHI) has submitted comments that should be raising caution – or red – flags for investors in manufactured housing for reasons that will be outlined in tonight’s featured focus. On a day when the markets broadly rose on renewed China-U.S. trade deal and other news, MHI’s purportedly harmful impact on the industry, professionals, businesses, and investors will be found following the left-right headline and other overviews.

 

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.

 

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews
There are lots of place to get news, but no one else in manufactured housing 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 next two links spotlight the realities of that vexing fact.

Media Consolidation at a Glance, 4 Infographics

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

MobileHomeEraInitialManufacturedHousingYearsManufacturedHousingImprovementAct2000EraSkyShipmentsProductionMHProNews2018
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.

  • Slowdown risk – The US economy may not grow at all in the 4th quarter
  • EXCLUSIVE This billionaire says Elizabeth Warren is a ‘superficial, nasty hater’
  • Meet the Facebook executive who wants you to trust him with your money
  • Bitcoin is back — but can the comeback last?
  • Hulu is raising the price of its live TV service for the second time this year
  • Berkshire Hathaway buys stake in Restoration Hardware
  • Is there … hope for JCPenney?
  • Opinion: T-Mobile’s eccentric CEO isn’t the right person to lead WeWork
  • Yovanovitch was alarmed by attacks from Fox News hosts, right-wing media
  • Ford workers appear set to approve labor deal
  • For some people, glass houses offer just the right amount of exposure
  • Opinion: Twitter’s political ad policy is a small step to fight disinformation
  • The cannabis industry is evolving, but is a market turnaround coming?
  • This is the world’s biggest Starbucks
  • Dow hits 28,000 for the first time
  • Amazon rolls out ‘Amazon Pharmacy’ branding to PillPack
  • Google is targeting women with its new gaming service Stadia
  • This billion-dollar startup is turning sneakers into a ‘stock market’
  • Nike released a shoe for ‘everyday heroes’
  • Adidas is testing products in space
  • Nike launches a sneaker subscription service for kids
  • Sales of Vans sneakers starting to cool off
  • The new Motorola Razr is $1,500, but OMG I must have it
  • The Motorola Razr is back
  • Huawei Mate 30 is a hard sell outside China
  • See Google’s newest smartphone
  • iPhone sales are in a major slump

 

Headlines from right-of-center Fox Business.

  • How much cash Warren Buffet is sitting on as he eyes ‘elephant-sized’ deal
  • Berkshire Hathaway recently opened positions in Restoration Hardware and Occidental Petroleum.
  • Buffett’s firm adds a luxury brand, trims a bank holding
  • Jury decides fate of heiress charged with murder who posted $35 MILLION bail
  • These cheese products recalled as Kraft Heinz issues scary warning
  • What Trump’s new health care transparency plan could mean for you
  • Here’s how America wins the China trade war
  • Chopt joins Chick-fil-A, Starbucks and others in ditching dining rooms
  • Dow crosses 28,000 mark for first time
  • Facebook accused of helping Chinese Communist Party
  • Customer catches young boy working in Popeyes kitchen
  • Adidas ‘looking into’ ties to NFL star after suspension over helmet brawl
  • Exec charged in massive scandal pleads to be released from violent lock-up
  • Playboy Club in New York to shut down
  • Varney: Here’s where AOC and Sanders’ Green New Deal plan gets ‘ridiculous’
  • How to ensure your freight makes it to the trade show
  • Hulu to hike prices again as streaming wars heat up
  • Inside the legal blow-up around Taylor Swift’s AMA performance
  • Stocks rally to record highs as US-China trade deal comes together
  • Oscar winner slated to play leading role in Clinton sex scandal TV show
  • How much Trump lawyer Rudy Giuliani is worth
  • Bloomberg firing out massive attack ad
  • How much prison time Roger Stone could get
  • Dozens charged with corruption in this state
  • Google CEO tight-lipped amid ‘coordinated’ company leaks
  • Facebook accused of helping Chinese Communist Party
  • No-name singer who wrote famous Lizzo lyric could end up with big honor
  • Deval Patrick forced to defend Wall Street ties as he joins ‘party of the woke’ in 2020 race
  • Judge hands Johnson & Johnson small victory amid bombshell opioid lawsuit
  • Where Kanye West wants to build amphitheater
  • Chopt, Chick-fil-A, Starbucks jump on this dining bandwagon
  • BOEING NOWHERE FAST: This airline is latest to delay return of 737 Max
  • Jeffrey Epstein accused of asking victim for nude pics just before arrest
  • Ford’s new electric Mustang hopes to burn out cash-losing Tesla
  • Nordstrom and Rent the Runway drive future of retail
  • Frat members accused of making vile comments to TV reporter on air
  • Can today’s hot startups take the heat of going public?
  • Sam’s Club names new CEO
  • How shipping flexibility saved a production line
  • Warren’s beef with billionaires won’t just hurt the rich

 

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

Yahoo10MarketClosingIndicatorsManufacturedHomeProNews11.15.2019MHProNews

 

Featured Focus – Where Business, Politics, and Investing Meet

InvestorAlertManufacturedHousingInstitutePalterinConcernsFannieMaeDutyToServeManufacturedHousingInvestingStockUpdatesMHProNews
Featured image from MHI’s website and is provided under fair use guidelines for media. Headline text by MHProNews.

The full comments submitted by MHI’s Lesli Gooch are linked here, but let’s look at the introduction and some pull quotes to make the concerns of paltering plain. Keep in mind that statements made to federal officials are supposed to be true and correct to the best of that person’s knowledge and belief.

LyingCongressFederalOfficialExecutiveLegislativeJudicialbranchLawfareTechCrunchQuoteManufacutredHomeProNews

 

Per Gooch:

QuoteMarkManufacturedHomeLivingNewsThe Manufactured Housing Institute (MHI) is pleased to submit comments in response to the Federal Housing Finance Agency’s (FHFA) Request for Input on modifications to the Government Sponsored Enterprises’ (GSEs) 2018-2020 Duty to Serve Plans.

MHI is the only national trade association that represents every segment of the factory-built housing industry. Our Members include home builders, suppliers, retail sellers, lenders, installers, community owners, community operators, and others who serve the industry, as well as 49 affiliated state organizations.

This letter focuses on the two changes being proposed by Fannie Mae to its manufactured housing Duty to Serve Plan. These two changes are:

  1. Reducing its 2020 loan purchase target from 450 to 100, corresponding to real property loans made as a result of variances and policy changes issued in 2018 and 2019, and
  2. Switching 2019 evaluation of its MH Advantage objective from a Loan Purchase to a Loan Product evaluation area.

…Indeed, HUD’s recent Housing Finance Reform Plan states that “manufactured housing plays a vital role in meeting the nation’s affordable housing needs.”

 

Fannie Mae justifies the numerical reduction in its 2020 loan purchase target from 450 to 100 by arguing that, to date, industry adoption of these variances and products has been lower than originally anticipated.”

Note the following carefully. Fannie Mae asserts, and MHI doesn’t dispute that the so-called ‘new class of homes’ ironically dubbed “CrossModTM Homes” – that Skyline Champion (SKY) president and CEO Mark Yost touted in written testimony that reliable sources tell MHProNews was drafted and reviewed by a number of MHI-connected companies and officials – is not getting traction in the marketplace.

That admission confirms several of the concerns raised by MHProNews over the past 2 years. For more details, see the report linked below.

 

Paltering, Manufactured Homes, CrossModTM Homes, Manufactured Housing Institute, Clayton Homes, Berkshire Hathaway Manufactured Home Lenders, DTS, and You

Let’s dip back into Gooch’s FHFA revealing comments.

“…However, the essence of Duty to Serve is not process or effort, but results…” aptly says Gooch. That’s part of the purportedly ‘accurate’ part of her comments, but what follows is the definition of paltering’s deceptive portion.

“…The proposed numerical reduction is statistically significant. Fannie Mae could argue that these levels for this category are relatively small compared to the other 10,000 real property loans that it purchases each year. However, this would miss the point and purpose of Duty to Serve – which is to effect change and a substantive increase in the identified areas. In this case, the numerical reduction is far too drastic. MHI would be sympathetic to some modest reduction in the numerical target to reflect what Fannie Mae characterizes as slow industry receptivity to the variances and policy changes being put into effect. However, a 78 percent reduction in this category is far too large.”

Gooch weaves between diplomatic language toward Fannie and FHFA, while conceding a willingness to accept fewer loans than the already paltry level, as her own argument previously admitted.

“…For these reasons, MHI urges FHFA to either reject this proposed reduction in its numerical purchase target or at least limit the reduction to a small amount,” said Gooch for MHI.

  • Where is their insistence that there be a full and proper implementation of DTS on all HUD Code manufactured housing?
  • Why such tepid language when it is largely focused on the clear lack of traction to date on the ‘new class’ of “CrossModTM Homes” that MHI’s key members worked out behind closed doors with those same GSEs?

Returning back to her narrative…

QuoteMarkManufacturedHomeLivingNews 

  1. Change MH Advantage from a Loan Purchase to Loan Product Evaluation Area

MH Advantage® is an important new financing product for manufactured home buyers, as well as the entities that build and sell these homes. It is part of a long historical transformation of the manufactured housing industry to create a new product category that has the potential to address the shortage of affordable housing while simultaneously providing the same amenities and features that consumers demand in higher-priced site-built homes.

Fannie Mae justifies this change by stating that extensive work was needed to market MH Advantage® to retailers, to attract homebuyers who are priced out of the site-built market, and other factors that are resulting in minimal purchase levels in 2019.

MHI opposes this modification, for similar reasons to those identified in the previous section. This new class or category of manufactured homes, known as CrossMod™ homes, are a point of entry for home

ExtendedQuoteSymbolCloseQuoteSBManufacturedHomeProNews

buyers who would not have previously considered purchasing a manufactured home. These homes have the potential to reach areas of the country where manufactured housing has, in the past, been zoned out by discriminatory land use regulations at the state and local level. CrossMod™ homes are placed on a permanent foundation, qualify for conventional financing, and are virtually indistinguishable from higher-priced, site-built housing options.”

MHITopFederalPolicyPrioritiesManufacturedHousingInsitute2019-11-15_1753ManufacturedHousingProNews
From MHI website on this date. To see full size, click to download, then open.

One could go on deeper with this, but Gooch as purportedly made the very case that MHProNews and publisher L. A. ‘Tony’ Kovach and others made in their DTS comments to FHFA previously. Namely, that the are posturing ‘defending’ and ‘promoting’ the industry, when in fact their efforts are do promote a scheme that has as its net results continued consolidation of the industry, due in good measure to low production levels that can be traced to the Omaha-Knoxville-Arlington axis, their allies and surrogates.

It takes more words to explain what they do, the rationale for it, and the impact it has on the industry’s residents, potential home owners, independents and investors than their bob-and-weave act takes.

 

ItIsEasierToFoolPeopleThanToConvinceThemThatTheyHaveBeenFooledMarkTwainSamuelClemensQuoteMHProNews
This is a powerful point made by Mark Twain, a.k.a. Samuel Clemens. It takes more time and effort to prove the distortion or lie than it does for a person or organization to tell the lie. Isn’t that part of what a con job counts on?

To illustrate, let’s dip back into Gooch’s testimony.

“…Making this home category a Loan Product undermines what is needed at this time to help MH Advantage® realize its true potential, which is broader consumer and industry acceptance of the product – something that can only be measured by the objective performance metric of actual loan purchases.”

Bingo. The measure is loans purchased and homes sold. That’s what MHProNews has been arguing for years. What is that measure?

A decrease in sales, despite their claim starting a year ago that the industry had ‘momentum’ as they touted this new class of homes.

ClaytonHomesBerkshireHathawayShipmentsProductionTrendBloombergChartMHProNews2019-07-31_0457

LeveragingMomentumCreationNewClassofManufacturedHomesManufacturedHousingInstituteMHILogoDailyBusinessNewsMHProNews600
Screen capture with commentary and MHI’s logo are a collage by MHProNews, which faithfully reflects their “We’re Using Our Momentum Leveraging the Creation of a New Class of Manufactured Homes.” First, what momentum? Second, why the need for a ‘new class of homes?’ Manufactured housing builders have made residential style homes since at least the 1980s. Buyers could always option in or do on-site whatever they wanted and can afford. It’s therefor a head fake, an apparent ruse that seemingly limits GSE lending to only a tiny sliver of the market that could already be served by modular coded factory-built homes, or by existing residential style HUD Code manufactured homes. This new class of homes is a costly waste of time, save for the fact that it diverts lower-cost financing. Who benefits from that fact? A monopolist, perhaps?
MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews
While the comment was about DTS, there are parallel educational principles that apply. Manufactured housing arguably should be doing more sales using all kinds of lending. To accomplish that is in part an educational and communication issue. That is a post-production topic too, and yet where are the efforts by MHI to teach retailers and communities to attract more qualified customers to their offices and sales centers?
ManufacturedHousingInstituteLogoMHILogo2018ResultsVideoStillManufacturedHomeProNewsFactCheck
The year over year downturn is now into month 13. Which makes a thoughtful, open minded, probing person wonder – how good or real were all of these so-called marketing efforts? Lesli Gooch said it herself, the bottom line is what matters, and the bottom line of shipments is in reverse.

 

FirstGetYourFactsStraightThenYouCanDistortThemAnyWayThatYouPleaseMarkTwainQuoteSamuelClemensManufacturedHomeProNews
Part of the Lesli Gooch reading list? See third-party Gooch allegation insights, further below.

Patience in carefully unpacking MHI’s own words, matching their claims with the data, and hammering those issue out publicly for all to see – all while giving them an opportunity to defend or debunk our concerns – has resulted in this. They are and have been arguably proving our point.

To learn more, see the related reports, and our publishers’ FHFA comments letter linked here. Gooch has managed to make Tony Kovach’s point, even though they had two full days to try to create their best possible argument.

Investors, look at the big three that are MHI members and ask yourselves, are you and thousands of other professionals being played?

“White Hat” Manufactured Home Community Operator, MH Retailer Sound-Off on FHFA, Fannie Mae, Freddie Mac, and Duty to Serve Manufactured Home Lending

Then ask, are millions of consumers being hurt in the process? To answer that question, see the report linked above. Companies involved directly and obliquely with MHI are singing a different tune than MHI, which logically fails to do what they claim, namely, to represent all segments of manufactured housing. Further, as measured by their own stated metrics, MHI is failing.

MHARRSept2019ManufacturedHousingIndustryShipmentsYearToDateYearOverYearTotalsManufacturedHomeProNews

Or is failing while posturing effort part of the plan?

PayMoreAttentionToWhatPeopleAreDoingThanWhatTheyAreSayingOrNeverMindWhatPeopleAreSayingWatchWhatTheyAreDoingMartyLavinQuoteManufacturedHomeProNews
There are ethical and unethical ways of earning money.
NealTHaneyNAMHCOWhyBreakawayfromManfuacturedHousingInstituteMHI
Former MHI state affiliates broke away and in 2018 formed the National Association for Manufactured Housing Community Owners, NAMHCO. They cited MHI’s years of failures as part of their reason for doing so.

Facts are stubborn things. Who says?

FactsStubbornThingsQuoteMarkWeissJDPhotoManufacturedHousingAssocRegulatoryReformMHARRMHProNews

Oh, about Gooch’s history…

…ICYMI…per @Goochwatch on Twitter.

The full comments submitted by MHI’s Lesli Gooch are linked here, but let’s look at the introduction and some pull quotes to make the concerns of paltering plain. Keep in mind that statements made to federal officials are supposed to be true and correct to the best of that person’s knowledge and belief. Tech crunch Per Gooch: The Manufactured Housing Institute (MHI) is pleased to submit comments in response to the Federal Housing Finance Agency’s (FHFA) Request for Input on modifications to the Government Sponsored Enterprises’ (GSEs) 2018-2020 Duty to Serve Plans. MHI is the only national trade association that represents every segment of the factory-built housing industry. Our Members include home builders, suppliers, retail sellers, lenders, installers, community owners, community operators, and others who serve the industry, as well as 49 affiliated state organizations. This letter focuses on the two changes being proposed by Fannie Mae to its manufactured housing Duty to Serve Plan. These two changes are: 1. Reducing its 2020 loan purchase target from 450 to 100, corresponding to real property loans made as a result of variances and policy changes issued in 2018 and 2019, and 2. Switching 2019 evaluation of its MH Advantage objective from a Loan Purchase to a Loan Product evaluation area. …Indeed, HUD’s recent Housing Finance Reform Plan states that “manufactured housing plays a vital role in meeting the nation’s affordable housing needs.” “Fannie Mae justifies the numerical reduction in its 2020 loan purchase target from 450 to 100 by arguing that, to date, industry adoption of these variances and products has been lower than originally anticipated.” Note the following carefully. Fannie Mae asserts, and MHI doesn’t dispute that the so-called ‘new class of homes’ ironically dubbed “CrossModTM Homes” - that Skyline Champion (SKY) president and CEO Mark Yost touted in written testimony that reliable sources tell MHProNews was drafted and reviewed by a number of MHI-connected companies and officials – is not getting traction in the marketplace. That admission confirms several of the concerns raised by MHProNews over the past 2 years. For more details, see the report linked below. https://www.manufacturedhomepronews.com/paltering-manufactured-homes-crossmodtm-homes-manufactured-housing-institute-clayton-homes-berkshire-hathaway-manufactured-home-lenders-dts-and-you/ Let’s dip back into Gooch’s FHFA revealing comments. “…However, the essence of Duty to Serve is not process or effort, but results…” aptly says Gooch. That’s part of the purportedly ‘accurate’ part of her comments, but what follows is the definition of paltering’s deceptive portion. “…The proposed numerical reduction is statistically significant. Fannie Mae could argue that these levels for this category are relatively small compared to the other 10,000 real property loans that it purchases each year. However, this would miss the point and purpose of Duty to Serve – which is to effect change and a substantive increase in the identified areas. In this case, the numerical reduction is far too drastic. MHI would be sympathetic to some modest reduction in the numerical target to reflect what Fannie Mae characterizes as slow industry receptivity to the variances and policy changes being put into effect. However, a 78 percent reduction in this category is far too large.” Gooch weaves between diplomatic language toward Fannie and FHFA, while conceding a willingness to accept fewer loans than the already paltry level, as her own argument previously admitted. “…For these reasons, MHI urges FHFA to either reject this proposed reduction in its numerical purchase target or at least limit the reduction to a small amount,” said Gooch for MHI. • Where is their insistence that there be a full and proper implementation of DTS on all HUD Code manufactured housing? • Why such tepid language when it is largely focused on the clear lack of traction to date on the ‘new class’ of “CrossModTM Homes” that MHI’s key members worked out behind closed doors with those same GSEs? Returning back to her narrative… 2. Change MH Advantage from a Loan Purchase to Loan Product Evaluation Area MH Advantage® is an important new financing product for manufactured home buyers, as well as the entities that build and sell these homes. It is part of a long historical transformation of the manufactured housing industry to create a new product category that has the potential to address the shortage of affordable housing while simultaneously providing the same amenities and features that consumers demand in higher-priced site-built homes. Fannie Mae justifies this change by stating that extensive work was needed to market MH Advantage® to retailers, to attract homebuyers who are priced out of the site-built market, and other factors that are resulting in minimal purchase levels in 2019. MHI opposes this modification, for similar reasons to those identified in the previous section. This new class or category of manufactured homes, known as CrossMod™ homes, are a point of entry for home buyers who would not have previously considered purchasing a manufactured home. These homes have the potential to reach areas of the country where manufactured housing has, in the past, been zoned out by discriminatory land use regulations at the state and local level. CrossMod™ homes are placed on a permanent foundation, qualify for conventional financing, and are virtually indistinguishable from higher-priced, site-built housing options.” One could go on deeper with this, but Gooch as purportedly made the very case that MHProNews and publisher L. A. ‘Tony’ Kovach and others made in their DTS comments to FHFA previously. Namely, that the are posturing ‘defending’ and ‘promoting’ the industry, when in fact their efforts are do promote a scheme that has as its net results continued consolidation of the industry, due in good measure to low production levels that can be traced to the Omaha-Knoxville-Arlington axis, their allies and surrogates. It takes more words to explain what they do, the rationale for it, and the impact it has on the industry’s residents, potential home owners, independents and investors than their bob-and-weave act takes. Twain. To illustrate, let’s dip back into Gooch’s testimony. “…Making this home category a Loan Product undermines what is needed at this time to help MH Advantage® realize its true potential, which is broader consumer and industry acceptance of the product – something that can only be measured by the objective performance metric of actual loan purchases.” Bingo. The measure is loans purchased and homes sold. That’s what MHProNews has been arguing for years. What is that measure? A decrease in sales, despite their claim starting a year ago that the industry had ‘momentum’ as they touted this new class of homes. Shipments Momentum Patience in carefully unpacking MHI’s own words, matching their claims with the data, and hammering those issue out publicly for all to see – all while giving them an opportunity to defend or debunk our concerns – has resulted in this. They are and have been arguably proving our point. To learn more, see the related reports, and our publishers’ FHFA comments letter linked here. Gooch has managed to make Tony Kovach’s point, even though they had two full days to try to create their best possible argument. Investors, look at the big three that are MHI members and ask yourselves, are you and thousands of other professionals being played? https://www.manufacturedhomepronews.com/white-hat-manufactured-home-community-operator-mh-retailer-sound-off-on-fhfa-fannie-mae-freddie-mac-and-duty-to-serve-manufactured-home-lending/ Then ask, are millions of consumers being hurt in the process? To answer that question, see the report linked above. Companies involved directly and obliquely with MHI are singing a different tune than MHI, which logically fails to do what they claim, namely, to represent all segments of manufactured housing. Further, as measured by their own stated metrics, MHI is failing. Or is failing while posturing effort part of the plan? Lavin Facts are stubborn things. Who says? Mark Weiss See related reports, below.

It should be noted that Gooch is an MHI staffer who has been paid a so-called ‘failure bonus.’ Imagine, being given a financial reward for not attaining your stated objective? Can you spell deceptive trade practices?

Busted! “Failure Bonus” Paid-Richard “Dick” Jennison, CEO Manufactured Housing Institute-per MHI Document$

Ponder that in context of recent MHI’s executive committee history.

ManufacturedHousingInstituteLogoMHIBoardOfDirectorsLogoMHIExecutiveCommittee
Outsiders looking in may not fully grasp the bold and nuanced issues that impact the industry, and thus publicly traded firms too. Few if any MHI members are arguably giving the proper disclosures to their current or potential shareholders.

That executive committee was replaced by this one.

ManufacturedHousingInstituteBoardDirectorsMHIWebsiteTomHodgesEricHamiltonJoeStegmayerManufacturedHomeProNews

Sunlight is the proverbial best disinfectant. For more sunlight, see the related reports, below.

Related Reports:

Unique Opportunities for More Competitive Lending for All HUD Code Manufactured Homes

Need for Workforce Housing Keeps Vacancy Tight and Rent Rising; Investors Eyeing Communities for Yield and Cash-Flow Potential, Says Marcus & Millichap Research, Analysis

MHARR Fingers Fannie Mae, Freddie Mac, and FHFA – “Profoundly False” “Misleading” – Duty to Serve Manufactured Housing Revised Plans

Cavco, Sun, ELS Public Statements Point to Problems for MHI, Fannie, Freddie – Public Officials, Investor, Advocates, Professionals Alerts

Publicly Traded Manufactured Housing Firms – Which Source Do You Trust More? Why? MHI, MHARR, Others

ManufacturedHomeResidentsSmallBusinessesAffordableHousingAdvocatesInvestorAlertsManufacturedHomeLivingNews
https://www.manufacturedhomelivingnews.com/manufactured-home-residents-small-businesses-affordable-housing-advocates-and-investor-alert/

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

 

ManufacturedHousingIndustryConnectedStocks11152019ClosingTickersManufacturedHomeProNewsInvesting

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.

ManufacturedHousingRevolutionBackCover
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. MHMSM.com – 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.

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(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 MHProNews.com, and MHLivingNews.com.

Connect with us on LinkedIn here and here.

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