Slider

Legacy Housing Leadership Comments Undermine Manufactured Housing Institute Claims

LegacyHousingLogoLeadershipUnderminesManufacturedHousingInstituteLogoClaimsManufacturedHomeProNews

The Arlington, VA based Manufactured Housing Institute (MHI) faces several ongoing problems. One of them is that they are routinely being contradicted by their own statements or that of some of their publicly traded firm. Legacy Housing Corp (LEGH) is arguably an example of that credibility challenge.

By contrast, the thesis advanced here on MHProNews in recent years that the manufactured housing industry is being thwarted from within is being validated by a proper analysis of those Legacy leadership statements.

The examples that follow are based upon Legacy’s recently reported investor relations call transcript provided by Motley Fool transcribers and is published at this link here.

 

Part 1) Quotes from Legacy Housing Investor Call

As industry professionals know, the Arlington amen corner of the industry has touted their success in representing the interests of the industry. A video made produced for the MHI that touted their accomplishments was recently quietly removed, perhaps due in part to the fact checks done by MHProNews that contradicted their bold claims of “momentum.” As the screen capture further below documents, that same video bragged about their media engagement program and the supposedly millions of Americans that had been exposed to their messaging. Part of the problem that objective thinkers had, of course, is that parade of claimed effort, the HUD Code manufactured home industry’s production and shipments in 2019 went down during an affordable housing crisis.

The quotes that follow are not necessarily in the order that it was stated during the investor call. A prior comment by Legacy’s Curt Hodgson – the second one below – was added. These comments that belie posturing about industry momentum or MHI’s self-proclaimed effectiveness will be followed by an MHProNews analysis and commentary.

CurtisDHodgsonFounderChairmanLegacyHousingPhotoQuotePlacetoPutChallengeManufacturedHousingRetailersManufacturedHomeProNews

 

CurtHodgsonPhotoLegacyHousingLEGHQuoteIndustryFullPeopleDontThinkVeryFarOutLegacyViewAddressConcernsLimitingManufacuturedHousingEffectiveAffordableHousingMHLivingNews

 

 

CurtisDHodgsonFounderChairmanLegacyHousingPhotoQuoteSpaceDevelopmentNewManufacturedHomeCommunitiesManufacturedHomeProNews

 

CurtisDHodgsonPhotoLegacyHousingQuoteManufacturedHomeCommunitiesMobileHomeParkDevelopmentFutureCostsProfitManufacturedHomeInvestingProNews

AlexRygiel-B-RileyFBRAnalystCorkVanDenHandelCFOTreasurerPhotoLegacyHousingQuoteProductionMovingCommunitiesLessForSmallerIndependentRetailersManufacturedHomeProNews

 

 

 

Part 2) How Legacy’s Housing Leadership’s Comments Undermines MHI Claims

Let’s note that while we are quoting Legacy, their leadership team may or may not value our use of their pull quotes in this fashion. Put differently, we aren’t speaking for them, but MHProNews is accurately citing their remarks.  That disclaimer said, the point isn’t that Hodgson or Legacy intended to undermine MHI’s claims.  They may not have been thinking about MHI at all as they made the statements cited above. But that very point is makes their remarks all the more significant.

MHI claims to be working on several issues that include barriers for placement. If so, where MHI’s proof of their self-claimed success on these issues? As Hodgson said, Legacy’s leadership has stressed for some time that locating a place to put a home is a serious hurdle for manufactured housing independent ‘street retailers.’ That challenge that independents and company-owned stores alike face clearly makes MHI and their surrogates claims of effectiveness look weak if not silly, foolish or outrageously false.  But in fairness to the MHI affiliate and de facto surrogate’s comment cited below, our sources tell us that Tim Williams was ‘pushed’ into the statement by those connected with MHI. See a more detailed report on Williams and his comments made on MHI’s behalf at this link here.

TimWilliamsExecutiveDirectorPhotoOhioManufacturedHomesAssociationLogoQuoteLesliGoochManufacturedHousingInstituteSupurbJobSuccessfullyAdvocatingScorchedEarthManufacturedHomeProNews
Consider Tim Williams’ comment in the light of what is said by him in the quote below and those statements by Legacy Housing or others.

Part of what makes Williams’ ‘defense’ of MHI CEO Lesli Gooch’s “superb” leadership so obviously weak is that it placed Williams in the uncomfortable spot of contradicting his own years of praise of MHProNews and the objectivity, fairness and accuracy of our publication. One example is shown below of many that could be produced.

Tim Williams has a history of supporting MHProNews, and praising our objectivity, accuracy and clarity. On camera and in writing, he has praised our work, as have other MHI leaders and members. This comments is from a about a year ago, and we had already been doing fact checks, critiques and analysis of MHI actions for some years when he provided the statement above. In the face of objective evidence, or statements like those from Legacy Housing or other MHI members, it is hard to defend MHI and their leadership’s performance — based on objective measurements. 

Several manufactured housing associations which are deemed by MHI to be “affiliates” have provided comments to MHProNews and/or our public-facing MHLivingNews sister site in part because they knew their comments would be treated fairly and accurately. Recall the comment by North Carolina’s state association staff leader Brad Lovin that echoes a point made by Williams above.

https://www.manufacturedhomepronews.com/what-are-federal-officials-researching-about-manufactured-housing/

 

During a time-frame that MHI stood mute on a range of issues, MHProNews and MHLivingNews stood in the breach, while some of MHI’s own members ripped the organization for their problematic behavior that often fueled problems.

FrankRolfeQuoteonNathanSmithSSKCommunitiesManufacturedHousingInstituteLawsuitBadImageReputationManufacturedHomeProNews
All such quotes should not be construed as a blanket endorsement of all that a person or organization has said or done. Rather, with quotes or other references, we apply the ancient principle of separating the wheat from the chaff. There are good reasons to source insights and relevant comments across an array of individuals, organizations and viewpoints.

It was only after years of such steady efforts that MHI hired a communications professional that is supposedly defending and promoting the industry’s interests. Oddly, since that MHI communications role was restarted and filled by Patti Boerger, she has come and quietly gone – and was quietly replaced. Just one more example of what some observe to be the revolving door at MHI.

Two more public quotes by third-parties reflect the notion that Legacy’s leaderships factual statements are hardly new. As the second reference below indicates, MHI lost state associations who broke away in 2018 citing their lack of effectiveness.

BobCrawford-ManufacturedHousingInstituteRateMHI5outof10QuoteManufacturedHomeProNews

NealTHaneyNAMHCO-MHCAQuoteReasonsBrokeFromManufacturedHousingInstituteManufacturedHomeProNews
All such quotes should not be construed as a blanket endorsement of all that a person or organization has said or done. Rather, with quotes or other references, we apply the principle of separating the wheat from the chaff. There are good reasons to source insights and relevant comments across an array of topics and viewpoints.

Legacy’s statements about headwinds and the need to fight for market share are supported by what Zillow Group’s research manager told MHProNews recently. The highlighting was added to reflect the status of manufactured housing in the broader housing mix.

ZillowResearchGroupManagerQuote77PercentBuyersSF-7%Townhouse6%ManufacturedHome5%condoManufacturedHomePronews
During an affordable housing crisis, single family housing sales dwarf manufactured homes. Even townhouses – far more costly – outsell manufactured homes. To learn more, see the data-packed report linked here or below.

Zillow’s prior reports had an element that was useful to this discussion of MHI’s effectiveness because their research sought comments from home buyers about what housing types they were considering and then what housing type they actually purchased. During the same timeframe that MHI proudly proclaimed the millions they had touched through their marketing efforts – the reasons they said the industry had “momentum” in their self-promotion video.  As predicted, that MHI self-promotional video has now vanished from their home page.

ZillowHomeBuyerTrendsComparedConventionalTownhouseMobileManufacturedHomesCondoesDuplexesMHLivingNews
https://www.manufacturedhomelivingnews.com/zillow-home-buyer-trends-compared-conventional-townhouse-mobile-or-manufactured-homes-condos-and-duplexes/
ManufacturedHousingInstituteLogoMHILogo2018VideoStillManufacturedHomeProNewsFactCheckAnalysis
To see full size, click to download, and then open.

The solution to these issues are well known and to a great extent are already in the industry’s hands. It was MHI’s then chairman and 21st Mortgage Corporation president Tim Williams who said that there is a good argument to be made for debunking every mistaken claim made by other media. That logic stands in stark contrast to the point that MHI has repeatedly not done what their own chairman said made sense.

TimWilliams21stMortgageCorpGoodArgumentsQuoteRespondEveryStoryDailyBusinessNewsMHproNews

Furthermore, the easing or regulatory barriers or obtaining more financing are also in principle reasonably easy to accomplish. How so? Because the answer is to enforce existing laws. MHI is aware of these laws, used to support their enforcement and on paper, and they still claim to want them enforced.

Posturing or claiming a desire for something isn’t the same as performance.  MHI award winner Marty Lavin made that point plain in the previously cited quotation below.

PayMoreAttentionToWhatPeopleAreDoingThanWhatTheyAreSayingOrNeverMindWhatPeopleAreSayingWatchWhatTheyAreDoingMartyLavinQuoteManufacturedHomeProNews
There are ethical and unethical ways of earning money.

If MHI’s leadership actually wanted to get more financing from Fannie Mae and Freddie Mac, then why did they promote the creation of a new class of homes instead of insisting that the Duty to Serve should have been properly understood to be demanded by law as supporting lending on all HUD Code manufactured homes. MHI rival trade group, the Manufactured Housing Association for Regulatory Reform (MHARR) made that point plain in two quotes.

Dutytoservemanufacturedhousingmmarkweissjdpresidentmharr mhpronews 575x191

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

FHFA website underscores Weiss’ point conceptually.

FHFALogoDutyToServeDefinitionPerFHFAWebsiteFannieFreddieSecondaryMarketVeryLowLowModerateIncomeFamiliesManufacturedHousingRuralAffordableHousingPreservationMHProNews

Given the law and the clear need for more financing options, how can MHI leaders or their surrogates say with a straight face that they are effective or “superb?” Enforcing the law should be the steady demand by MHI. If FHFA and the GSEs fail to enforce the law, then MHI should logically join MHARR and others in calling for Congressional oversight hearings and other investigations.

Study in Contrasts-Lesli Gooch v Mark Weiss, Manufactured Housing Duty to Serve Presentations Spotlight Lack of Proper Lending

Furthermore, to the points obliquely raised by Legacy Housing or others about placement barriers. If MHI really wanted the Manufactured Housing Improvement Act (MHIA) to be fully enforced and to have the”enhanced preemption” provision of the law to be widely known and fully enforced, then why don’t those words even appear on their website?

ManufacturedHousingInstituteLogoMHILogoEnhancedPreemptionSearch2-13-2020ManufacturedHomeProNews

Keep in mind, they once MHI did have “enhanced preemption” documentation on their website. They did so noting engagement with MHARR.  This next document was, per an insider source, found on their website for some time. But since the Berkshire era began,  that document was either removed or is now hidden behind a firewall.

ManufacturedHousingImprovementAct2000ImplementationMHI2003CalabriaEnhancedPreemptionFannieFreddieLoans.pdf
This was a recent document from a different tipster. The illustrations are by MHProNews, but the base document used to be on MHI’s website.
Mark WeissJD-President and CEO of the Manufactured Housing Association for Regulatory Refor 3
From the in depth interview found at this link here.

TheTermEnhancedPreemptionManufacturedHousingImprovementAct2000WilliamBillMatchneerPhotoFormerHUDOfficeManufacturedHousingProgramsCFPBMHProNews

MarkWeissphotoMHARRlogoManufacturedHousingIMprovementAct2000EnhancedPreemptionQuoteLawExplainedMHLivingNews

It’s clear that MHI has easy access to HUD, FHFA leadership or that of key lawmakers.

MHI, MHARR Competing Narratives – Photo and Video Ops vs Straight Talk in Manufactured Housing

RickRobinsonJDSVicePresidentManufacturedHousingInstituteLogoPhotoMHIGotCloutWheretheBeefDailyBusinessNewsMHProNews
After MHProNews fact checked the MHI “Got Clout” self-promotional campaign, it disappeared. Note that 400 word executive summary was published in 2017. Tim Williams from the OMHA praised MHProNews’ accuracy in reporting about 2 years after that and other reports. MHI’s efforts to deflect, distract or detract from concerns about their so-called efforts are undermined by years of history that reflect a different reality than the one they are currently claiming.

Those facts and realities begs these questions.

  • Given their self-proclaimed “clout” and the access that their photo opportunities demonstrate, why have MHI leaders failed to get enhanced preemption fully enforced by MHI?
  • If they are so good – so “superb” – why have they failed to get DTS and enhanced preemption to be fully enforced?
  • Those twin failures to get existing laws fully enforced are harming independent retailers. Who says so? That’s obvious from shipment data and it also implied by Legacy Housing comments, cited above.
  • Keep in mind that the Modular Home Builders Association has recently jumped in with their own concerns about “dishonest” behavior by MHI, which they argued is undermining the value of existing manufactured homes.

ModularHomeBuildersAssocLogoTomHardimanCAEPhotoMHBATomHardimanRipsManufacturedHousingInstituteCrossModTMhomesPlusManufacturedHome

 

iReportNewsTipsCommentsSendMastheadManufacturedHomeProNews
We recommend that news tips NOT use company, nonprofit or organizational emails or cell phones. To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP or COMMENTS in the subject line.

 

TomHardimanPhotoModularHomeBuildersAssocLogoQuoteMHIClaytonHomesCrossModTMHomeManufacturedDishonestDisingenuousIntentionallyMisleadingMHBAStopMisleadingPublicManufacturedHomeProNews
See the reports on this topic linked in the headline news recap further below.
mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

There is either inept or corrupt behavior that has been occurring in manufactured housing for some years.

LATonyKovachQuoteMHIManufacturedHomeProNews

JasonBoehlertManufacturedHousingInstituteSeniorVPLogoMHIlogoQuoteMHProNews

TimWilliamsQuoteIfWeDoNotReceiveReliefDoddFrankFinancingIndustryDoomedManufacturedHomeOwnersVeryFewOptionsSellingHomesFormerManufacturedHousingInstituteChairManufacturedHomeProNews
Tim Williams, MHI’s former Chairman, made it sound like the industry would utterly collapse if the Preserving Access to Manufactured Housing Act didn’t get enacted into law. But the bill NEVER passed. It is now NEVER mentioned by MHI. Why is that so? See the reports linked here and here.

MaryGaiskiPhotoPennsylvaniaManufacturedHousingAssocLogoThisYearWe'veHadMoreCallsAboutZoningDiscrminationThanPrevious5to7YearsQuoteManufacturedHomeLivingNews

 

Shortchanging Homeowners, Small Businesses, Unsuspecting Investors, Association Members-plus Sunday Manufactured Home Headlines Review 2.9 to 2.16.2020

 

TimWilliams21stMortgageCorpGoodArgumentsQuoteRespondEveryStoryDailyBusinessNewsMHproNews
With all due respect to Tim Williams, can you spell disconnect? Or hypocrisy?
LATonyKovachDrMarkCalabriaFHFADirectorPhotoQuoteManufacturedHousingMHProNews
See the report and the video referenced above at the link here.

To go deeper on the growing track record of related issues that have arguably been keeping manufactured housing underperforming during an affordable housing crisis, see the timely reports further below. That’s it for this report on manufactured housing “Industry News Tips and Views Pros Can Use © – MHVille’s runaway #1 news source, where “We Provide, You Decide.” © (News, fact-checks, analysis, and commentary.) Notice: all third party images or content are provided under fair use guidelines for media. SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews

Submitted by Soheyla Kovach for MHProNews.com. Soheyla is a co-founder and managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. Connect with us on LinkedIn here and here.

 

Subscribe to Our Newsletter

17162

CHECKLIST

Manufactured Home Communities Targeted by Lawmakers, AG Plans – Manufactured Housing Industry Alert

Attorney General Tom Miller Slams “Predatory” Manufactured Home Community Operators, plus Manufactured Housing Investing, Stock Updates

Complaints to State and Federal Officials, Agencies About Corrupt Practices in Manufactured Housing Industry Growing

No Title

No Description

No Title

No Description

No Title

No Description

LATonyKovachSupremeCourtPhotoQuoteMomPopWhiteHatBlackHatManufacturedHousingInstituteMHECManufacturedHousingAssocRegulatoryReformMHProNews

MarkWeissJDphotoManufacturedHousingAssocRegulatoryReformlogoQuoteOnEnhancedPreemptionManufacturedHousingImprovementActMHIA2000ImportanceAffordableHousing

There is more than enough evidence that there is corruption, deceptive trade practices and other arguably illegal activities that are benefiting a few to the harm of the many. See the related articles below.

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

BipartisanNonpartisanWheatChaffHonestyEquityObjectivityFairnessLATonyKovachQuoteMHProNews

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews
It is not logical to believe that with all of Berkshire Hathaway resources that they could so badly fail to promote manufactured housing, unless that was their intention. Never forget that even during medieval times, castles and their moats were in fact breached. The fact that Berkshire has been successful at this ploy doesn’t mean that it can’t be defeated by the proper exposure and legal efforts.
WarrenBuffettAZQuoteCriticalFactorDetermineValuePayFairBargainPriceMHProNews
By keeping the manufactured home market underperforming, it de facto causes all business in it to be undervalued. Just luck, or is it part of the Buffett ‘Castle and Moat’ strategic plan to create a slowly developing monopoly?
https://www.manufacturedhomepronews.com/new-data-from-swiss-independent-data-provider-casts-shadow-over-publicly-traded-manufactured-housing-institute-member-firm-claims/
Updated. To see this full size, click to open.

The bad news is that the opposition to ethical ‘white hat’ businesses, investors and other professionals have deep pockets and they are politically connected. But the good news is that Bernie Madoff could have once made that similar claim. Today, Madoff sits in a federal cell. It took persistence on the part of a few professionals with federal officials to finally topple Madoff’s multi-billion dollar empire.

Revealing-FHFA Meeting on Duty to Serve Lending Called Manufactured Housing Institute, Manufactured Housing Association for Regulatory Reform, Others – Report, Analysis

FHFA-GSEsHighCostMinoritiesAllAmericansDueAssertedFailureFollowDutyToServeAffordableHousingExistingFederalLawsManufacturedHomeMast
https://www.manufacturedhomelivingnews.com/fhfa-gses-high-cost-to-minorities-all-americans-due-to-asserted-failures-to-follow-duty-to-serve-affordable-housing-existing-federal-laws/

Retailer, Producer, Finance Exclusive – Interview with New Class of Manufactured Housing “CrossMod Homes” Developer-Seller

PrimaFacieCaseRichardJennisonTimWilliamsKevinClaytonTomHodgesPhotoManufacturedHousingInstitute21stMortgClaytonHomesLogoEtAlManufacturedHomeProNews
https://www.manufacturedhomepronews.com/masthead/prima-facie-cases-against-manufactured-housing-institute-richard-a-dick-jennison-tim-williams-21st-mortgage-kevin-clayton-tom-hodges-clayton-homes-et-al/
CopyJanuary2020MHProNewsInterviewMHARRPresidentCEOMarkWeissManufacturedHomeProNews
https://manufacturedhousingassociationregulatoryreform.org/exclusive-insights-on-controversies-interview-with-25-year-industry-leader-mark-weiss-president-ceo-of-the-manufactured-housing-association-for-regulatory-reform-mharr/
MHARRCallsonFHFAJoinIncreasingDemandsforCongressionalOversightManufacturedHomeProNews
https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-fhfa-to-join-increasing-demands-for-congressional-oversight/
IncredibleShrinkingZoningProblemManufacturedHousingAssocRegulatoryReformIssuesPerspectivesSept2019
https://manufacturedhousingassociationregulatoryreform.org/the-incredible-shrinking-zoning-problem-september-2019-mharr-issues-and-perspectives/
AffordableHousingNeededInvestorsSeekReturnsPowerfulInsightsProsIncludingWarrenBuffettNoApologiesWhatsoeverManufacturedHousingTruthOutsManufacturedHomeProNews
https://www.manufacturedhomepronews.com/masthead/affordable-housing-needed-investors-seek-returns-powerful-pro-insights-including-warren-buffett-no-apologies-whatsoever-manufactured-housing-truth-outs/

Association Leaders Spotlight, Blast-Zoning, Financing, CrossModsTM and Manufactured Housing Institute

2019 Year-End Totals Reveals Decline in New HUD Code Manufactured Home Production, Shipments vs. 2018

David Dworkin, National Housing Conference, Compared and Contrasted with Lesli Gooch, Manufactured Housing Institute on Fannie Mae, Freddie Mac Proposed Modifications to FHFA on Duty to Serve Finance Plans

$500 Million Axne-Khanna Plan, Manufactured Housing Legislation Introduced, But Manufactured Housing Institute Fails to Tell Members?

ApplyingDemocraticRepublicanBarakYOrbachMonopolizationLogicAffordableHousingCrisisImpactingManufacturedHomeIndustryMHProNews
Still from video posted further below, text graphics added by MHProNews. https://www.manufacturedhomepronews.com/applying-democratic-republican-barak-orbachs-monopolization-logic-to-affordable-housing-crisis-impacting-manufactured-home-industry/
MonopolizationAmericaDreamTellingInsideStoryHomeOwnershipGoneAwryManufacturedHomeLivingNews
https://www.manufacturedhomelivingnews.com/monopolization-of-american-dream-telling-the-inside-story-of-home-ownership-gone-awry/
RobertBobVanCleefManufacturedHomeCommunityLeaderDiscussesManufacturedHousingInsanityManufacturedHomeLivingNews
https://www.manufacturedhomelivingnews.com/manufactured-home-community-leader-discusses-manufactured-housing-insanity/
NothingIsChangedUntilItisChallenged-768x318
MHProNews’ parent operation demonstrated to MHI over the course of years options for lending, and ways to improve image at a low cost. For years, even though our parent operation as an MHI member showed the way to grow business, MHI leaders ignored those options. Why? Could it be that slow growth allowed more consolidation and at a cheaper price?

Case Against Clayton Homes

Jennifer Reingold Questioned Berkshire-Clayton Deal; MHI GSEs Rocked by Tip-Document Drop, plus Manufactured Home Investing, Stock Updates

What Warren Buffett, Kevin Clayton, Tim Williams, Berkshire Brands and Manufactured Housing Institute Leaders Fear

Huge “Landmark Case” – Law Firm Wins Millions for Manufactured Home Community Residents, Broader Industry Impacts Ahead?

Why is Skyline-Champion Giving Cover to Clayton Homes? Profitably QUESTIONING Manufactured Housing Institute Leadership for Professionals & Investors

15585

Subscribe to the Documented #1

Most-Read - Professional Emailed Headline News

Delivered x2 weekly to your inbox. 

Manufactured Home "Industry News,

Tips, and Views Pros Can Use."   ©

 

Where "We Provide, You Decide."  ©

15856
mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top