News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
In the third paragraph of the 2.5 page memo from Legacy Housing co-founders Kenny Shipley and Curt Hodgson to their employees, the pair use this phrase. “We have always been world class “shuckers-and-jivers,” and we intend to shuck and jive right through this unprecedented crisis.” Wikipedia says that “In …
In an email to MHProNews, the Texas Manufactured Housing Association (TMHA) has provided added details and tips on the Paycheck Protection Loan (PPP) program for businesses with fewer than 500 employees. Additionally, Bloomberg, CNBC and others in media are reporting that following President Trump’s direction, Treasury Secretary Steven Mnuchin has …
There are hopeful signs that the Sleeping Giant favoring affordable manufactured homes is awakening. From various elements of American society – including, but not limited to: business, investing, government, NGOs and FBOs. Examples making the point include tips, revealing document drops, expert and insider insights that rip the mask …
It would be grand if the Manufactured Housing Institute and their “state affiliates” would spend the next days laser focused on getting retailers and other segments of the manufactured housing industry designated as “essential businesses.” Will that occur? Will state association and MHI do what’s necessary? Time will tell, and …
During their recent investor relations conference call Legacy Housing’s [LEGH] Chairman Curtis “Curt” Hodgson described his firm’s solid position in part by using the phrase that they had “a Warren Buffett type Moat.” MHProNews and our MHLivingNews sister site have carefully tracked and systematically explained what the Buffett “castle and moat” …
The first item up today is a teaser for a looming report – one made possible by news tips by multiple corporate insiders. Those tips have been confirmed by a source in that organization’s management. That’s an appropriate opportunity to mention the following. There’s no other trade …
The news is relatively good, given the low baseline of the years since 2003 (see graphic further below) when Warren Buffett led Berkshire Hathaway bought Clayton Homes, Oakwood’s bankrupt business, and the associated lending such as Vanderbilt Mortgage and Finance or 21st Mortgage Corporation. First, this report will look at …
CBS News labeled the $20 trillion dollar class action lawsuit filed by Larry Klayman and the conservative Freedom Watch nonprofit in this fashion. “Researchers and public health experts have repeatedly shot down the conspiracy theory that the coronavirus was man-made, with studies showing it originated as an animal virus that eventually jumped to humans. …
The 2018-2019 battle between 80-something resident Millie Francis and Bradenton Tropical Palms manager Janet Nowakowski and others become national news over the outdoor religious display on the exterior of the resident owned community’s (ROC) shareholder’s home. After attorneys for Bradenton Tropical Palms (BTP) 55 plus community threatened legal action, the …
Before getting into the headline report in our featured focus segment further below, it is worth noting that reports are increasing that by the communist Chinese government and the World Health Organization (WHO) provided inadequate, inaccurate – and per U.S. intelligence – deliberately false information. Based on those increasing reports …
“First things first. We get through the pandemic, then we turn on one another and start assigning blame. Alternatively, since we’re already doing what we can on the former, we start drawing lessons now…” – John Robson – Grotesque Failure: Preferring Communist China Over Democratic US, in Epoch Times. …
The Texas Manufactured Housing Association (TMHA) has for some years provided useful data on shipments in their state. As the largest state for the production and shipments of new HUD Code manufactured homes what happens there can be somewhat of a bell weather for others. Thus, as MHProNews noted during …
“As more lives and communities are destroyed by the system that creates vast amounts of wealth for the few, the more heroic it sounds to “give back.” It’s what I would call “conscience laundering” — feeling better about accumulating more than any one person could possibly need to live on …
Oil has suffered a historic dive as the first quarter of 2020 comes to a troubling close. Per right-of-center Fox Business News, “it’s only going to get worse.” “West Texas Intermediate crude oil, the U.S. benchmark, plunged 67 percent over the past three months to settle at $20.48. Brent crude, …
The Oak Ridger’s reporter Ben Pounds reported on 3.25.2020 that Clayton Homes spokeswoman Gail Rymer confirmed a case of coronavirus hit at their headquarters in Maryville, TN. “He self-quarantined and then sought medical advice,” Rymer reportedly told Pounds, adding that “They did a thorough cleaning of the [Clayton home office] …
Nasdaq, JP Morgan, and MarketWatch are among those market-focused services who have stated that they think that the stock market has already hit bottom. But the reality is that there are voices that are still talking down the economy, including from the St. Louis Federal Reserve. The headline from CNBC …
A longtime managerial-level member of companies engaged in the manufactured housing industry, specifically including firms that are members of the Manufactured Housing Institute, contacted MHProNews regarding a plan. That proposal was to recruit away the workers of manufactured housing producers into rival firms doing onsite work. If a HUD Code …
Spin, posturing, virtue signaling, and cheap shot artists are fairly commonplace in our era. Politicians, their spokespersons and surrogates do it. Something similar can occur with certain business leaders too. Recently, a message was received that led to a series of communications. That series was provided to MHProNews. At this …
“The epidemic goes faster than our bureaucracy“ – Angelo Borrelli Chief of the Italian Protezione Civile (Italy’s version of FEMA) March 23, 2020. The world that you knew 4 weeks ago has been upended. There is a scramble for insights, options, and possible solutions. While emotions – like fear …
According to an informed source, the steps being taken in Canada – which is in some cases are being established in the U.S. in the wake of the coronavirus outbreak has created new problems for the owner/operators of land lease manufactured home communities. A specific comment from a pro-industry professional …
