The vix has been up. Uncertainty seems to be a byword on Wall Street, Main Street, and in Washington. Europe may be moving toward recession. While the U.S. economy seems sound, the trade war with China is one of several factors that have numbers worried.
It is axiomatic that there are no guarantees in life, but to the extent that someone can have clarity in an often-murky media, political, and business environment, correct information is worth its weight in gold. Who says?
How about Warren Buffett? The man reportedly reads 5 to 6 hours a day, spends time on the phone talking to people in the know, and only after careful discernment makes bets on what he thinks are no brainer investments. He keeps investing in manufactured housing. For that matter, so too has Sam Zell, the chairman of Equity LifeStyle Properties, and numbers of other players in manufactured housing.
That should speak volumes to manufactured housing industry investors and professionals.
But that also begs a variety of questions for those who look at the same data that Buffett, Kevin Clayton, Tim Williams/21st Mortgage Corp or others in the Omaha-Knoxville-Arlington axis insider orbit know. By insider, we don’t mean mere members of the Manufactured Housing Institute (MHI), as board members there have told us that they feel in the dark; it is the MHI executive committee that is more ‘in the know.’
Third-Parties Looking In At MHVille
At about the time when even long-time, daily readers of MHProNews might think there are no more layers to peel back on the MHVille onion, another surprising or keen insight pops up.
The articles linked above and below are packed with information that could be summed up like this.
Manufactured housing, despite the 10-month year-over-year downturn, could be soaring to all time record highs not seen in decades. That could be occurring rapidly. While it would arguably be accelerated by a new post-production trade group to supplant MHI, that isn’t at all a requirement. There are already examples of firms growing despite the downturn.
After having ‘fessed up publicly to falling for the same head-fake thousands of others in MHVille did, once that issue become clear, ponder the overall accuracy otherwise of this pro-industry trade media source compared to any other competitor in the industry. Ponder too why this trade news operation has more reader engagement than any of the others by a country mile, per third-party data. Given that millions of affordable housing units are needed, the opportunities are immense, despite the smoke screens that have been created to arguably chase under-informed investors or professionals away.
Our thanks again to those who have been sending in kind words about our approaching tenth anniversary of publishing.
Implementation of the Manufactured Housing Improvement Act of 2000, Congressional Hearing, Redux
Thanks too for those who make this publication possible.
Knowledge, the necessary resources, talent, plan, plus chutzpah, and élan could lead companies or investors operating in local markets to record high performance. Watch for upcoming reports that will make that case.
“We Seem to Have Lost Common Sense,” HUD Secretary Ben Carson – Homeless, Affordable Housing Crisis
It isn’t easy in a weaponized environment to get total clarity. But a reasonable degree of understanding is doable. That’s a wrap on this late night installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)
Submitted by Soheyla Kovach for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. Connect with us on LinkedIn here and here.
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