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.
Some documents merit more than one look. On July 10, 2019 the Manufactured Housing Institute (MHI) produced a report that could have been written by a new writer being groomed for MHProNews. It raised several fine points. Let’s look at a few of them. “As Department of Housing …
Have markets hit bottom since the latest round of U.S. China trade blows? Time will tell, but the worst day of 2019 has just occurred. That said, as the chart at the left indicates, the markets are still up overall for 2019, and year-over-year are still plus too. Almost all …
The headline sums it up. It is now month 10 of year-over-year (YoY) declines in production and shipments of new HUD Code manufactured homes. This morning, MHProNews posted a significant report linked below on ‘official word’ from one of the top 3 brands in manufactured housing, Skyline Champion. …
On August 3, 2019 the transcript of the Skyline Champion conference call was published. Participants in that conference call were reported by Seeking Alpha as follows. Skyline Champion Corporation (NYSE:SKY) Q2 2019 Earnings Conference Call August 1, 2019 8:00 AM ET Company Participants Mark Yost – CEO Laurie Hough …
Skyline Champion CEO Mark Yost on Manufactured Housing Market, SKY Performance, Analysis Read More
Disclosure. On Friday, this writer became one of the ever growing number of new citizens of the United States via the naturalization process. Although my land of origin is not Latin American, several of the items in the El Paso Walmart shooter’s manifesto would arguably apply to me and …
El Paso Walmart Shooter’s Manifesto Text, Understanding Tragedy, Getting to Root Causes Read More
Right or wrong, like it or hate it, business and politics to a large degree have become inseparable in America in 2019. So at least a minimum level of engagement and understanding are useful to those professionals who seek business as a career and/or for investment purposes. In …
“There is nothing wrong with America that cannot be cured with what is right in America,” – William ‘Bill’ Clinton (D), 42nd President of the United States (POTUS), first inaugural address, per Yale Law School. “The System is Rigged.” – Donald J. Trump (R), 45th President of the United States (POTUS), statement …
Markets and investors prefer certainty to uncertainty. So the announcement by President Trump of more tariffs on China’s products, and possibly additional and higher tariffs yet to come, provided a good dose of uncertainty. On a day when stocks continued to slide, as did most manufactured home connected tracked stocks, …
Kudlow on Deepening U.S.-China Trade War, plus Manufactured Home Stock Updates Read More
Yesterday afternoon in the mailbox was a letter informing us that today at 10 AM in Tampa, FL that Soheyla Kovach, a near-daily contributor to MHProNews, was to appear for her citizenship ceremony. U.S. Citizenship and Immigration Services is USCIS for short. Their staff has routinely been friendly and …
Celebrating Citizenship, USCIS Naturalization Ceremony, and MHVille Read More
This report will begin by laying out some facts from federal testimony before Congress, and will then provide some related background information. The relevance to the industry’s historically low levels of new HUD Code manufactured home shipments should be discerned by thoughtful professionals, investors, and curious federal and other public …
Long-Time HUD Attorney’s Formal Statement on Manufactured Housing Enhanced Preemption Read More
In a northern manufactured housing land-lease community operation there is a saying. “Free entertainment” is how several managers and executives describe the strange-but-true occurrences that arise. Some ‘free entertainment’ of that kind is costly, dangerous, and at times, deadly – as numbers of manufactured home community professionals know from …
Strange-But-True Manufactured Home Fire in Land Lease Community Read More
Democrats battling last night on the debate stage was expected. Stocks rose early in the day. President of the United States Donald J. Trump business unit used to own several casinos. Perhaps it is no surprise, then, that what often looks like river boat gambles occur in the form of …
While the letter that follows was addressed this afternoon primarily to leaders connected with MHI, as the message itself says, more than one official with ties to HUD that also has reportedly performed work for MHI was also in the emailed document. Given the ongoing downturn, the message should speak …
In a release this morning to MHProNews, the Texas Manufactured Housing Association (TMHA) said the following. June 2019 TMHA Shipment Report Texas Shipments pulled back in June on a decrease in production days and an increase in homes shipped out of the state. TEXAS MANUFACTURED HOME SHIPMENTS …
#1 Manufactured Home Producer Texas Reports Continued Declines, w/Bright Spot? Read More
The headline will be answered in two ways. Let’s proceed with a systematic look at a release to MHProNews from the Apartment List that spotlighted research which said the following. In 2018 “At current savings rates, two-thirds of millennials need more than two decades to save for a down payment.” …
How Long Before a Millennial Can Save a Down Payment for a Home? Read More
Let’s be clear. Market watchers aren’t saying that stocks dropped because of last night’s Democratic debates. That’s why we bundled last night’s debate highlights with Fed Chair Jerome Powell’s comments, which were taken as cold water for further rate cuts after only .25 percent drop announced today. On a day …
In a press release to MHProNews, Cavco Industries (CVCO) has announced a planned deal to close on August 2, 2019 to acquire “substantially all of the assets and liabilities of Destiny Industries, LLC (“Destiny Homes” or “Destiny”).” The deal is significant in several respects. MHProNews will first provide the …
Cavco Industries-Destiny Homes Deal, Background, Details, Analysis Others Lack Read More
In June 2019, Housing and Urban Development (HUD) Secretary Ben Carson was involved in several video interviews that spanned the left-right media spectrum. He did local news, HUD videos, as well as interviews with those who would spotlight his concerns, analysis, and proposed solutions for the affordable housing crisis. …
For thousands of manufactured home operations, including independents of various kinds, increasing new HUD Code home sales in a profitable, sustainable, ethical fashion is a routine goal. Among the roadblocks to achieving that are zoning, placement, and related issues. As a recent report, linked below, reflected a growing …
Increasing Manufactured Home Sales – Oversight, Regulatory Connections Impacting MHVille Read More
Tonight and tomorrow night on left-of-center CNN news will be the second round of Democratic debates. Yesterday, we spotlighted Senator Elizabeth Warren (MA-D), and pledged to provide a report from the White House, which will be found below, along with a report that features Democratic 2020 hopeful, Rep Tulsi Gabbard …
