‘Irreparable Harm,’ ‘Public Interest,’ ‘Legal Defects,’ ‘DOE Seeks to Avoid Judicial Review’ Cited by MHI-TMHA Attorneys v Dept of Energy – Pleadings and Developments; plus MHVille Stocks Update

IrreparableHarmPublicInterestLegalDefectsDOEseeksToAvoidJudicialReviewCitedByMHI-TMHAattorneys-vDeptOfEnergyManufacturedHousingInstPleadingsDevelopmentsPlusMHVilleStocksUpdateMHProNews

The scheduling conference originally set for April 11th has been delayed until April 25th, per the copy of the official court document linked here. In this factual update plus analysis and commentary to the case filed by attorneys on behalf of the Manufactured Housing Institute (MHI) and Texas Manufactured Housing Association (TMHA), it may seem to the legal layperson that the case is off to a hopeful start. That is not unwarranted, says a manufactured housing industry attorney monitoring the case and who is providing periodic insights to MHProNews, and through us, to manufactured housing industry professionals, advocates, investors, public officials, and others who have a keen interest in protecting affordable housing and consumers. That noted, it is also true that MHI’s own update and published remarks in the wake of the suit which was consistently urged by the Manufactured Housing Association for Regulatory Reform (MHARR) that indicate that MHI appears to be poised, once more, to do the unthinkable. That would be to snatch defeat for manufactured housing independents, professionals, and affordable housing consumers – say MHI observers and critics – from the proverbial jaws of victory. It is voices from inside and outside of MHI’s ranks that are interested in the long-term well being of the industry, including but not limited to MHARR, who began and continue to remind MHVille pros of MHI’s checkered history in this DOE manufactured housing energy rule scenario before Case No. No. 23-cv-00174 was ever filed. It is informed third-parties to MHProNews, but voices that are pro-manufactured housing, who are saying that the industry is in this metaphorical pickle precisely because of MHI. How so? Because of MHI’s previous mischief in working behind the scenes off and on for years to advance this energy rule process with DOE via ‘negotiated rule making’ and by evidence supported steps to put manufactured housing independents in the current tough spot. The evidence and allegations supplied by a former MHI pro published at this link here made that case well in advance of the current legal action. That report remains essential information for those seeking to grasp the twists and turns of the years of DOE regulatory maneuvers by MHI, and now in the evolving legal landscape.

In short, fact- and evidence-backed critics of MHI assert that MHI and its dominating brands have weaponized the regulatory landscape against the industry in a fashion that obscures their involvement to the detriments of smaller competitors.

In almost any aspects of the industry that someone is in, MHI’s ‘powers that be’ are working – say MHI critics – to hobble the industry for years to come. Intelligent and honest people may wonder – why would they do so? While hobbling the industry from within may seem counterintuitive to the honest person, it is precisely for that reason that MHI’s leadership tactics are purportedly cruelly cunning. These are self-serving leaders who want to consolidate the industry by keeping it underperforming (see the report linked below and other linked- and cross-linked items).

In that vein, it is important to recall that from among MHI’s ranks are those voices who have told MHProNews that the industry is heading for an avoidable downturn well before the current downturn came to be. The manufactured home industry owes a debt of gratitude to those tipsters and sources – which include, but also go beyond MHARR – who have flatly told the industry’s pros that the manufactured housing industry will ‘never recover’ from its 21st century slide from far greater days of production (see third linked item, below).

 

Conventional Housing Sales Rise in February 2023 per NAHB, But Manufactured Home Sales Plunged – What Data Suggests About Manufactured Housing Corporate or Manufactured Housing Institute Leaders?

TotalU.S.A.ManufacturedHousingProduction1995-2022ManufacturedHomeProNewsManufacturedHomeLivingNewsMHARR-MHProNewsArrow
https://www.manufacturedhomepronews.com/true-state-of-the-manufactured-housing-industry-in-march-2023-based-on-facts-not-clever-agenda-driven-fiction-plus-sunday-weekly-mhville-headlines-recap/

Lawyer Tip$, LCI, PATK, Scholar=Manufactured Housing Institute Insider Says Manufactured Home Industry Sales ‘Will Never Recover to Prior Levels In Our Lifetime;’ plus MHVille Stocks Update

 

And while rumored possible presidential primary contender, Senator Tim Scott (SC-R), has come out on the manufactured housing energy rule as described below, it seems that the industry needs to rouse itself on the sobering reality that it has been the victim of what astute legal and other researchers outside of the ranks of the industry have referred to as ‘sabotaging monopoly’ tactics.

ManufacturedHomesTrulyOneOfBestOpportunitiesForRealizingDreamOfHomeownershipSaysSenTimScottRipsDOEstandardsOverlyBroadUndulyBurdensomeCostImposedByClimateAlarmistsMHLivingNews
https://www.manufacturedhomelivingnews.com/manufactured-homes-truly-one-of-best-opportunities-for-realizing-dream-of-homeownership-says-sen-tim-scott-rips-doe-standards-overly-broad-unduly-burdensome-cost/
  • It is with that rapid-fire, evidence-based background in mind that manufactured housing stakeholders should view Part One of today’s report, which provides the latest pleadings by MHI-TMHA attorneys.
  • Part Two of today’s report gives additional information with more MHProNews analysis and expert commentary in brief.
  • Part Three of this article is our Daily Business News on MHProNews update of the macro-markets as well as manufactured housing industry connected stocks, plus the timesaving and insight-generating ‘market moving’ headlines recap from left-leaning CNN and right-leaning Newsmax.

With those facts, evidence and MHProNews commentary preface, let’s pivot to Part One and the latest pleadings by MHI’s attorneys vs. the DOE et al in Case No. 23-cv-00174. 

Part One

 

Case 1:23-cv-00174-DAE   Document 35   Filed 04/07/23   Page 1 of 22

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS

 

                                                                   )

THE MANUFACTURED HOUSING         )         

INSTITUTE; and THE TEXAS                   )         

MANUFACTURED HOUSING                  )

ASSOCIATION,                                          )         

                                                                    )        Civil Action No.: 23-cv-00174-DAE

Plaintiffs,                                               )         

                                                                    )

  1.                                                          )         

                                                                                            )

THE UNITED STATES                          )

DEPARTMENT OF ENERGY; and          )

JENNIFER M. GRANHOLM,                   )

Secretary of the United States               )
Department of Energy in her official    )
capacity only,                                            )

                                                                                             )

Defendants.                                               )

 

PLAINTIFFS’ REPLY MEMORANDUM IN SUPPORT OF THE MOTION TO STAY

AGENCY ACTION AND REQUEST FOR EXPEDITED CONSIDERATION AND HEARING

 

Plaintiffs submit this reply brief in further support of its Motion to Stay Agency Action

(“Motion”), Doc. 5, and in response to the Department of Energy (“DOE”) Memorandum in

Opposition to the Motion (“Response,” “Opposition” or “Opp.”), Doc. 32.[1]

INTRODUCTION

While DOE’s Response ostensibly opposes the Motion, DOE actually agrees that the interim relief sought by Plaintiffs—postponement of the Final Rule’s May 31, 2023 compliance date—is warranted. DOE, in its recent Notice of Proposed Rulemaking (“NOPR”), asserts that delaying the compliance date until after it has promulgated enforcement procedures is “necessary,” would provide “clarity to manufacturers,” and would remedy the current “absence of a clear, workable enforcement framework for manufacturers [which] jeopardizes the full realization of the

[Final Rule’s] consumer benefits.” 88 Fed. Reg. 17,745, at 17,746–47 (attached as Exhibit 1). Thus, despite its nominal Opposition to the Motion, DOE now concedes that the current compliance date should be amended (likelihood of success on the merits), that manufacturers face harm resulting from the current lack of clarity (irreparable harm), and that the public will benefit from a delay of the compliance date (public interest). See id. Plaintiffs could not agree more; therefore, the Court should stay the current May 31, 2023 compliance date.

Now that its hand has been forced by the filing of the Complaint and this Motion, it appears DOE’s principal reason for opposing the Motion (despite seeking the same result) is that DOE would rather attempt to cure the “legal defects” in the Final Rule through the administrative process, and thereby avoid or delay judicial scrutiny. Opp. at 27. Plaintiffs are willing to allow DOE to attempt to resolve the many problems with the current Final Rule through rulemaking.

1

Plaintiffs agree that the likely near-term result of that process—delay of the compliance date— would, at least temporarily, moot the relief sought by this Motion. However, Plaintiffs have no assurance that the administrative process, with its notice and comment requirements, will ultimately delay the compliance date or prevent irreparable harm to their members. Thus, the prudent course of action is for the Court to receive complete briefing and obtain a proper evidentiary record, including an evidentiary hearing, see Docs. 16 & 22, so that the Court will be in a position to provide meaningful relief before May 31, 2023, in the event the current compliance date is not delayed effectively or sufficiently through the administrative process. [2]

ARGUMENT

Each of DOE’s arguments in the Opposition—many of which contradict DOE’s own

conclusions in the NOPR—lack merit:

First, Plaintiffs, associations representing the directly regulated entities, have standing.

Second, this Court has broad authority expressly provided by Congress under Section

705—as well as under its inherent Article III powers—to grant the relief sought.

Third, DOE’s failure to consider testing, compliance and enforcement in the Final Rule

was improper, which DOE effectively concedes in the NOPR.

Fourth, DOE’s failure to account for the extraordinary economic environment in which it conducted its rulemaking is not saved by its purported “corroboration” with other obsolete cost and interest rate data.

Fifth, as effectively conceded in the NOPR, the current compliance date is unreasonable and should be delayed.

Sixth, DOE’s decision to isolate its affordability concerns to Tier 1 homebuyers ran counter to the evidence before DOE showing that a substantial number of Tier 2 homebuyers are lowincome purchasers for whom the Final Rule’s standards are not cost effective.

Seventh, DOE—which, after eight months, has still not responded to Plaintiffs’ FOIA requests—has failed to show “some evidence” of its consultation with HUD related to the Final Rule.

Eighth, Plaintiffs’ members will suffer irreparable harm in the event DOE does not delay compliance in accordance with the NOPR because such an administrative about-face would leave manufacturers incapable of complying by the current deadline.

Ninth, as DOE acknowledged in the NOPR, the public will benefit from a stay of the Final

Rule’s compliance date.

Last and perhaps most importantly, Plaintiffs have submitted extensive evidence with their Motion supporting each element necessary to the grant of a stay. DOE has submitted no evidence, but merely legal argument. Indeed, the administrative record, on which DOE would otherwise rely, does not currently exist and has not been provided to Plaintiffs or the Court.  Thus, Plaintiffs have met their burden of proof, and a stay is warranted.[3]

[1] Capitalized terms not otherwise defined herein shall have the same meaning as ascribed in the Motion, Doc. 5. Page citations to the record use the ECF page number.

[2] DOE opposes the evidentiary hearing on the grounds that Plaintiffs’ evidence is not properly before the Court. Doc. 20. For the reasons stated in Plaintiffs’ reply, Doc. 22, the Court can and should consider the evidence in this failureto-consider case. Moreover, the Court would benefit from a full evidentiary hearing with witnesses and documents on the complex issues before the Court, especially when the “administrative record”—what DOE contends is the scope of the Court’s review—does not yet exist. Cf. Texas v. Biden, 2021 WL 4552547, at *7 (N.D. Tex. July 19, 2021).

[3] As one example only, Plaintiffs offer evidence that 98% of low-income borrowers using chattel loans to finance the purchase of multi-section homes (borrowers who are far more likely to be from minority and historically underrepresented groups) pay more in increased purchase costs as a result of the Final Rule than they gain in energy savings over their tenure of home ownership (assuming they can purchase the home at all).  See Motion at 14.   DOE offers no evidence to rebut this.  Thus, it is unrebutted that the Final Rule is not cost-effective for these borrowers. …##

The entire 22 pages of the MHI-TMHA case pleadings dated 4.7.2023 are found at this link here.

Part Two

Additional Information with more MHProNews Analysis and Commentary in Brief

Once more for emphasis, it is important to stress that in some ways the MHI-TMHA case appears to be off to a promising start. Which is why it is odd at best, or duplicitous at worst, that MHI in their own words is asking their members to support a delay instead of delivering a death blow to the pending DOE manufactured housing energy rule. There is no joy sharing the evidence-based allegations that MHI is duplicitous, mendacious, and routinely working on behalf of the consolidators of the manufactured housing industry rather than on behalf of ‘all segments’ of the industry, as the trade group claims.

ManufacturedHousingInstituteLOGOOnlyNationalTradeOrganizationRepresentingAllSegmentsFactoryBuiltManufacturedHousingMHProNewsFactCheck (2)
What MHI said on their own website.
LaurieHoughEVP+CFOphotoSkylineChampionCorpSKYlogoQuoteSkylineChampionFocusedOnM+AConsolidationTopPriorityManufacturedHomeProNews
Skyline Champion EVP and CFO Laurie Hough flatly said during and earnings call with analysists that their firm’s ‘top priority’ is consolidation (mergers and acquisitions). As a look at the remarks below by other MHI-connected professionals documents, Hough’s remarks are hardly unique. In the production, retail, and communities’ sectors of the industry, consolidation has been and remains the stated or unstated ‘name of their game.’

 

MHI leaders have for years ducked accountability for their various actions and inactions.

Longtime MH Retail Sales Manager Asks Manufactured Home Leaders – Why are Manufactured Housing Production Levels Today About Half of 1980s When Interest Rates Hit 20.5% APR on ARM Loans?

 

HowardWalkerJDpicEquityLifestylePropertiesManufacturedHousingInstituteLogos4ManuHousingInstLeadersPubliclyDuckingOutExplainingPerformanceLackThereofELSHowardWalkerMHProNews
MHI has been ducking accountability for years, as these documented examples reflect. https://www.manufacturedhomepronews.com/masthead/4-quick-documented-examples-of-manufactured-housing-institute-leaders-publicly-ducking-out-on-explaining-their-performance-or-lack-thereof-els-howard-walker/

 

MHI leaders have to ‘sign off,’ literally and figuratively, every year in documents filed with the Internal Revenue Service (IRS) in order to maintain their nonprofit status.

 

Over $1 Million! Manufactured Housing Institute Doc Drop! Top MHI Staff Pay Revealed. Additionally, Unpacking Evidence of Perjury, Fraud, Other Possible Federal Crimes; plus MHVille Stocks Update

 

Despite the written claims of various MHI connected attorneys, they have routinely de facto declined commenting on the mounting evidence against them. One may draw the logical inference from outside MHI attorney David Goch’s remarks, shown below, that MHProNews has not ‘wrongfully disparaged’ the trade group in our reporting. Put differently, there are good reasons to doubt MHI and their leaders’ sincerity and veracity.

 

DavidPGochJD-attorneyPhotoWebsterChamberlainBeanLOGO-quoteMHI-ActivelyMonitorsUntrueDisparagingStatementsMHProNewsQuotableQuote
Goch is a paid mouthpiece for MHI. This pull quote from a letter from Goch is fascinating. On the one hand, Goch says that MHI is working for the interests of all, and wants all points of view. But then, Goch threatens in writing an then MHI member who dared question the association. They can not have it both ways. Part of the irony is that in hindsight, as the evidence mounts, it becomes obvious that MHI has postured efforts for almost 20 years, since the start of the Berkshire era of manufactured housing began. Coincidence? Or just part of a broader plan that has benefited a few at great cost and harm to the many? https://www.manufacturedhomepronews.com/sun-communities-official-q2-2021-results-inversion-spencer-roane-letter-manufactured-housing-institute-scientia-potentia-est-plus-manufactured-home-stock-updates/

 

The industry’s current woes in the 21st century can be summed up in two broad categories that intersect in various ways.

RichardDickJennisonQuoteManufacturedHousingInsituteLOGOMHILogoCEORichardDickJennisonPICWhyNot500000HalfMillionNewManufacturedHomesAnnuallyWeCanGetThereQuoteMHProNews1
Still and quote are from the video posted on this page. https://www.manufacturedhomepronews.com/we-need-to-remove-the-shackles-on-our-industry-mhi-ceos-historic-call-for-cfpb-feds-to-unleash-manufactured-home-industry-growth-via-more-lending-marty-lavin-in/

MHI, as all trade groups, has a board of directors from which the association’s staff takes their marching orders. When the trade group’s leadership ignores clear evidence of conflicts of interest by their current CEO, Lesli Gooch, that begs for an explanation that MHI’s board has apparently not publicly provided to the industry in a known written form.

The fact that others involved in what passes for the balance of non-MHProNews/MHLivingNews industry-focused ‘trade media’ won’t publish or mention such evidence is an apparent failure to hold the powerful to account. That violates the precepts of journalism in America. But perhaps as or more insightfully, it reflects how bloggers and publishers have close ties and apparent loyalty to MHI, despite the ‘damning evidence’ against them.

Manufactured housing ought to be soaring. Instead, it is operating at less than 1/3rd of the level that it was in 1998.

 

One of the images provided in the EIN media release, linked here. For those who use the content without changes and including backlinks, this content can be used at no cost. Note 2: Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. For example. Click the image and you may see an option to open the image in a new window. Click that option. Then, in the new window click the image to expand it to a larger or full size. To return to this page, use your back key, escape or follow the prompts.

 

It was not so long ago that Cavco Industries Bill Boor, MHI’s vice chairman, remarked to those following a corporate earnings call that he said that the industry had an opportunity to catch up with conventional construction (see specific quotation below). In making that statement, which based on third-party research is demonstrably true, it is yet another indication that MHI’s leaders are either inept and/or corrupt.  How else can someone explain the fact that the industry is underperforming during a well-documented affordable housing crisis, when our profession’s homes are a fraction of the price of conventional construction? In seeking to understand the key to decoding what MHI leaders are truly thinking, one should spend more time looking at remarks made by publicly traded firms to their investors. When those remarks stand in contrast with what MHI might claim in an email to their members, check to see if MHI has posted those emailed comments on their own website. In many cases, the evidence from years of fact checks is sobering, but clear. MHI says one thing to members but may fail to post those same remarks for the public who may visit their website to see them. By contrast, MHARR’s emails to members routinely are published on their own website – meaning, there is no similar disconnect to MHI’s. If MHI means their various emailed remarks to rank-and-file industry members, who routinely are those targeted for consolidation, why do they hide them from public scrutiny?

 

WilliamCBoorPicPresCEOCavcoIndustriesLogoQuoteButWeveGotGreatOpportunityasManufacturedHomeIndustryCatchUpWithBuildingQ2021mhpronewslogo
Bill Boor is correct in saying that the industry has an opportunity to ‘catch up’ – or even pass – conventional housing builders. But that opportunity existed 2 decades ago too. That means, that until the root issues are addressed, authentic progress will not be obtained. That noted, by addressing the root issues robust growth can occur.

MHARR has been calling, in recent years, for a congressional investigation of the arguably flawed implementation of the Manufactured Housing Improvement Act of 2000 (MHIA, or what MHARR sometimes calls the 2000 Reform Law) and the equally flawed implementation of the Duty to Serve (DTS) manufactured housing.  There may be a tactical reason for MHARR not to ask for an investigation of MHI.  If so, MHARR leaders have been publicly silent on that point so far. But there are certainly reasons why MHI’s leadership has exposed themselves to legal action, again, according to evidence and outsider’s research.

 

StrommenKnudsonLawProudMemberManHousingInstituteMHIClaytonHomesSkylineChampionNewCavcoLogoSunCommunitiesELSPropertiesFlagshipRHPpropertiesFlagshipCommunitiesImpactCommunitiesLogo
https://www.manufacturedhomelivingnews.com/strommen-felony-conspiracy-case-monopolization-of-affordable-manufactured-housing-and-manufactured-home-communities-rube-goldberg-machine-of-human-suff/

 

HasTtheManufacturedHousingIndustryBecomeTargetRichEnvironmentForPlaintiffsAttorneysFactsNewsViewsPlusSundayWeeklyManufacturedHomeIndustryMHVilleHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/has-the-manufactured-housing-industry-become-a-target-rich-environment-for-plaintiffs-attorneys-facts-news-plus-sunday-weekly-manufactured-home-industry-mhville-headlines-recap/

The status quo provides thinly veiled cover for industry consolidators. That’s not mere speculation or theory, it is the stated position of several MHI member brands made in their own words.

ManufacturedHomeCommunitiesFlagshipCommunitiesLogoFlagshipCommunitiesREITinvestorRelationsConsolidationFragmentedMHProNews
Several of the illustrations shown in this report can be opened in many browsers to reveal a larger size. To open this picture, click the image once. When the window opens, click it again to reveal the larger size photo. Use your browsers back key to return to the article.

 

AcquistionsConsolidationsHighlyFragmentedManufacturedHousingInstituteLogoMembersFlagshipCommunitiesNathanSmithKevinClaytonTimWilliams21stQuotesInfographicM&AMHProNews
There are individual corporate members of the Manufactured Housing Institute that merit scrutiny for antitrust, RICO, Hobbs Act, and other possible legal violations. But the association has its own unique status. MHI as a trade group must be held up to its own claims. When the association’s claims are examined in the light of contradicting facts and evidence, that should trigger federal and/or state investigations. Affordable housing shortages impact every state in the U.S. Several of the illustrations shown in this report can be opened in many browsers to reveal a larger size. To open this picture, click the image once. When the window opens, click it again to reveal the larger size photo. Use your browsers back key to return to the article.

 

It is against that backdrop that a recent article in Forbes once more underscores evidence of apparent industry internal ‘sabotaging monopoly’ tactics.  Anar Pitre, CEO of Lotus Capital Partners in emailed remarks to MHProNews obtained following the publication of the report linked below, said in part: “We have multifamily properties in 6 states including MHCs. We typically do join local associations. I believe we have MHI membership too.”

 

Anar Pitre-CEO Lotus Capital Partners-Vexing Manufactured Housing Institute Claims in Fact Check of Forbes ‘What Manufactured Home Communities Investors Need to Know’ – Inaccurate MHI Data Shown

As sincere believers in ‘manufactured housing done right’ – MHProNews/MHLivingNews have long advocated for principled business practices that result in robust, sustainable growth.

DontZagZigBusinessOwnersManagersInvestorsDiscoverSuperiorWayToDoManufacturedHousingExcellenceInManufacturedHomeConsumerProfessionalExperiencePlanFactsAnalysisMastMHProNews
https://www.manufacturedhomepronews.com/masthead/dont-zag-zig-business-owners-managers-investors-discover-superior-way-to-do-manufactured-housing-excellence-in-manufactured-home-consumer-professional-experience/

 

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https://www.manufacturedhomepronews.com/masthead/dont-zag-zig-business-owners-managers-investors-discover-superior-way-to-do-manufactured-housing-excellence-in-manufactured-home-consumer-professional-experience/

 

MAMAepicMHVilleNewAssocToutsTrillion$ManufacturedHomeGrowthPlanBoostSale$PayIncludeLegalTeamForSuitsVsSpecificAgenciesIndustryTradeGroupsCorp$MastMHProNews
https://www.manufacturedhomepronews.com/masthead/oh-mama-epic-4-1-2023-mhville-notice-new-assoc-touts-trillion-manufactured-home-growth-plan-boost-sale-pay-include-legal-team-for-suits-vs-specific-agencies-industry-trade-groups/

There are apparently reasons why MHI’s leaders duck accountability and public discussion/debate with the leadership of MHProNews/MHLivingNews, or for that matter, MHARR. It is safer for them to run from accountability than to take it on, is the logical conclusion. MHI and their attorneys are reportedly aware that MHProNews and others are monitoring this case, related pleadings, and remarks. Their words, actions, and inactions will be a matter of record.

The industry is underperforming during an affordable housing crisis. If MHI’s leaders suddenly experience a ‘come to Jesus’ revival moment, fine. But barring some authentic pivot born of healthy motivations, the evidence now known strongly points to MHI being a part of the problem as opposed to part of the solution.  To learn more about how that can be challenged and undone, see the analysis linked here.

Part Three

 

Daily Business News on MHProNews Markets Segment

The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.

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.

 

DowJones-ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionSuppliersFinanceStocksEquitiesClosingDataYahooFinanceLogo4.10.2023

Headlines from left-of-center CNN Business – from the evening of 4.10.2023 

  • Leaving the nest
  • How long should you support your adult children? Parents — and their kids — weigh in
  • April fool? Elon Musk escalates antics at Twitter, complicating turnaround
  • Lawmakers seek details on ‘unusually cozy’ ties between tech executives and SVB
  • Tupperware stock plunges after warning it could go out of business
  • Some customers are complaining the new olive oil-infused Starbucks drink is making them run to the bathroom
  • Consumers feel credit is getting harder to come by, Fed survey shows
  • Sky News Australia quits TikTok, says security risks ‘too great’ for media
  • Fox News reaches settlement with Venezuelan businessman in election defamation case
  • What markets are watching after digesting the US jobs data
  • American offices are half-empty. That could be the next big risk for banks
  • Tesla is opening a Megafactory for huge batteries in China
  • Wall Street says bad news is no longer good news. Here’s why
  • WWE apologizes for using footage of Auschwitz in promotional spot
  • Twitter brands BBC a ‘government funded media’ organization
  • The latest on hybrid work: Who is WFH and who isn’t
  • The city without TikTok offers a window to America’s potential future
  • OPEC’s surprise production cut complicates the Fed’s fight against inflation
  • TikTok banned from school-owned devices at all Florida state universities
  • A labor market cooldown: US economy added just 236,000 jobs in March
  • Snoop Dogg, his ape and a question of celebrity hype
  • China has not provided extensive assistance to Russia as part of its war against Ukraine even as the two countries forge closer ties, senior Treasury officials say
  • Where jobs were gained and lost in March

 

Notice: the graphic below can be expanded to a larger size.

See the instructions below the graphic below or click the image and follow the prompts.

YahooFinanceLogo9ClosingStocksEquitiesBroaderMoneyMarketInvestmentIndicatorsGraphic4,10.2023MHProNews
In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror more so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. or 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. https://www.manufacturedhomepronews.com/in-the-business-world-the-rear-view-mirror-is-always-clearer-than-the-windshield-warren-buffett-mhville-leader-showcases-efforts-to-renew-american-dream-plus-sunday-weekly/

Headlines from right-of-center Newsmax 4.10.31.2023

  • Latest – Science Uncovers ‘Real Face of Jesus,’ See More Here
  • House GOP Subpoenas the FBI
  • for Infiltrating Catholic Churches
  • House GOP Subpoenas the FBI <br>for Infiltrating Catholic Churches
  • The devout light candles at a church. (Dreamstime)
  • Trump’s Legal Issues
  • Van Drew: Field Hearing Calling DA Bragg’s ‘Victims’
  • Trump Appeals to Block Pence’s Special Counsel Testimony | video
  • House Judiciary to Hold ‘Field Hearing’ in NYC
  • Truump Lawyer: DOJ ‘Desperately’ Seeks Obstruction Charge
  • Trump: Dems Rigging 2024 With ‘Boxes Hoax’
  • Dershowitz: Bragg Case ‘a Scandal,’ ‘Travesty of Justice’ | video
  • Lawyer: Trump Has No More Classified Documents
  • Newsmax TV
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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.

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 below.

‘Stomach Churning Year’ CNN-Wall Street ‘Forget 2022’ Down Year – Major Equities Data Compared to Manufactured Housing Stocks, Manufactured Home Community REITs, Performance for Year by Company

 

====================================

Updated

      • NOTE 1: The 3rd 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.

 

Sun Communities – ‘Development in Our DNA,’ ESG Stance, Q4 2022 Year End Results Earnings Call & PR – Facts, Insights Beyond PR and Official SUI Statements; plus MHVille REITs, Stocks Update

‘Undervalued’ Cavco Industries Touts Q Result$ ‘Dire Need for Housing’ ‘January Traffic Up’- Rev Up 16%-Sales, Earnings, Mgmt Call Data–Analysis Beyond CVCO Statements; plus MHVille Stocks Update

‘Killing’s as Easy as Breathing’ ‘Bad Guys Know More Games’ Warren Buffett Annual Berkshire Hathaway Letter, Clayton Homes, 21st, VMF-Manufactured Home Loans-Compelling MHVille Expert Views

‘Keeping Our Mobile Home Communities Safe, Well-Maintained, Affordable is Vital’ – Attorney General Wm Tong Testimony, More Follow Probe of Sun Communities (SUI) Issue–Latest MHI Member Scandal?
https://www.manufacturedhomepronews.com/masthead/keeping-our-mobile-home-communities-safe-well-maintained-affordable-is-vital-attorney-general-wm-tong-testimony-more-follow-probe-of-sun-communities-sui-issue/

Nobility Homes, Inc. Sales and Earnings for its Fiscal Year 2022 Report, Result$ Best Inflation – Net After Taxes Up 34%, More Fact$; DeSantis ESG and NOBH; plus MHVille Stocks, Market Updates

‘Manufactured Housing in the News,’ Unpacking UMH CEO Sam Landy Op-Ed’ It’s Time for Bi-Partisanship on Affordable Manufactured Housing Homeownership’ in HousingWire; plus MHMarkets Updates

Manufactured Housing Properties-Results for Three and Nine Months Ending September 30.2022–Exploring ‘Mobile Home Park’ Manufactured Home Community Investing; plus MHVille REITs, Stocks Update

‘Changes Will Benefit Customers,’ Boost Sales-Legacy Homes CEO Duncan Bates – LEGH ‘Delivered 22.5% Return on Equity in 1 Yr’ – Corp Q3 2022 Insights, Analysis; plus MHVille REITs, Stocks Update  

CEO Mark Yost, Skyline Champion Insiders SELL Million$ Value SKY Stock, Home Sales Drop-4th Q 2022 (3QFiscal2023), Official Result$-Facts, Analysis, Info Beyond PR; plus MHVille Stocks Update

Triad Financial Services Q2-2022 FINANCIAL RESULTS, per ECN Capital – Several Bright Spots in Manufactured Home Market Highlighted, Including Communities, Retail, Land-Home, Floor; MHStocks Update

BlackRock Document Exposes Central Banks like Federal Reserve on Recession; Manufactured Home Producer Cavco Industries 2022 Year End Results (CVCOQ3.23) Facts+Analysis; plus MHVille Stocks Update

RileyMooreWVBlackrockWokeCapitalismEconomicExtortionCouldDestroyUS.FreeMarketCapitalismMayViolateFiduciaryDutyToShareholdersAntitrustLawsPlusMHVilleStocksUpdateMHProNews
https://www.manufacturedhomepronews.com/riley-moore-blackrock-woke-capitalism-economic-extortion-could-destroy-u-s-free-market-capitalism-may-violate-fiduciary-duty-to-shareholders-antitrust/
ClaytonHomes21stMortgageCorpVanderbiltMortgageFinanceVMFLogosBerkshireHathawayLegalGavelCash100s
https://www.manufacturedhomelivingnews.com/unpacking-clayton-homes-linked-vanderbilt-mortgage-and-finance-fraud-and-rico-case-us-district-court-southern-district-of-texas-corpus-christi-division-case-no-c-09-312/
UnpackingEquityLifeStylePropELSlogoQ32022SamZellPicEarningsFact$CallTranscriptQ4DividendsEyeOpeningGovtInterventionLawsuitInflationRemarksPlusMHC-REITComparisonManufacturedHomeMHProNews
https://www.manufacturedhomepronews.com/unpacking-equity-lifestyle-properties-inc-els-q3-2022-earnings-fact-call-transcript-q4-dividends-eye-opening-govt-intervention-lawsuit-inflati/

Manufactured Home Communities (a.k.a. ‘Mobile Home Parks’ – SIC) – Exploring UMH Properties; Fellow Manufactured Housing Institute Member Yes! Communities Suits and Settlements; plus MH Markets Updates

JohnBostickSunshineHomesRedBayALpicLOGO50thAnivCeleb1971-2021MobileHomesHUDCodeManufacturedHomesModularHomesRompThruManufacturedHomeHistoryMastMHProNews
https://www.manufacturedhomepronews.com/masthead/50th-anniversary-celebration-year-sunshine-homes-1971-2021-from-mobile-homes-to-hud-code-manufactured-homes-and-modular-homes-a-romp-through-key-phases-in-manufactured-home-histo/
NathanSmithKurtKeeneyFlagshipCommunitiesREIT-MHC.U.TOLogoDIsclosuresPitchWarningsManufacturedHomeCommunityFactsCaveatEmptorAnalysisPlusMHStockUpdatesMHProNews
https://www.manufacturedhomepronews.com/industryvoices/marty-lavin-j-d-weighs-in-on-resident-complaints-of-predatory-behavior-by-manufactured-home-community-consolidators/
SteveLawlerPhotoDeerValleyHomebuildersLogoDVLYLogoDeerValleyCorpAnnouncesMergerPlusManufacturedHomeInvestingStockUpdatesMHProNews
https://www.manufacturedhomepronews.com/steve-lawler-deer-valley-corporation-dvc-otcmkts-dvly-announces-merger-plus-manufactured-home-investing-stock-updates/

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.

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

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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, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

CongRepAlGreenDeskTamasKovachLATonyKovachPhoto12.3.2019ManufacturedHomeProNews
All on Capitol Hill were welcoming and interested in manufactured housing related issues. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included a copy of the Constitution of the United States and other goodies. Tamas has grown considerably since this photo was taken. He is now an impressive, often thoughtful, teen. 

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition 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. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.

 

 

 

 

 

 

 

Anar Pitre-CEO Lotus Capital Partners-Vexing Manufactured Housing Institute Claims in Fact Check of Forbes ‘What Manufactured Home Communities Investors Need to Know’ – Inaccurate MHI Data Shown

Ma Nishtana – ‘Why is This Night, Day Different from All Others?‘ The Pascha vs. Contemporary Orwellian Nightmare – the Sunday Weekly MHVille Headlines Recap

Call for Congressional Oversight Hearings of Manufactured Home Industry Regulators Highlighted by Manufactured Housing Association for Regulatory Reform (MHARR); plus MHVille Markets Update

Official HUD Manufactured Housing Production Facts for Dec 2022 plus 2022 Year End Totals Explored by Manufactured Housing Association for Regulatory Reform (MHARR)-“Millions” Needed – Analysis

Facts You Didn’t Know – Martin Luther King Jr – Videos, Insightful Quotes, Surprising Revelations, Videos, Reports, and Illustrations in Champion for Human Rights Including Affordable Housing

‘Global Disinformation Index’ Warren Buffett Ally Bill Gates’ Microsoft Org Charged-Cutting Revenue to Conservative Views via Xandr, GDI; plus Sunday MHVille Headlines Recap

#1 Texas’ Manufactured Housing Builders Survey Says They are ‘Ready for a Rebound’ But Data Point in Question, DOE MH Energy Rule Too – Facts, Analysis; plus, MHVille Stocks, Markets Update

Clayton-Next Step Off-Site Built ‘White Paper’-Manufactured Homes, ThinkND ‘Magic of the Mind-Everyday Illusion, Misdirection, Deception’ MHI Members’ Claims Analyzed; plus MHVille Markets Update

After Admitted Failure, Manufactured Housing Institute Doubles Down on CrossMods® in AP Terminology Doc Acquired by MHProNews–Are MHI Leaders Sabotaging MHVille Independents? Plus MHStocks Update

Concessions by Speaker Kevin McCarthy in House Speaker’s Battle Called ‘Most Significant Win for Conservatives in a Decade’ By Federalist’s Emily Jashinsky Report; plus MHVille Stocks Updates

 

mas kovach mhpronews shopping with soheyla .jp

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