Manufactured Housing Production-Shipment Data for All 50 States – Compare and Contrast MHI’s and MHARR’s Remarks About the Most Recent National Manufactured Home Data; plus MHStocks Update

ManufacturedHousingProductionShipmentDataForAll50StatesCompareAndContrastMHIsAndMHARRsRemarksAboutTheMostRecentNationalManufacturedHomeDataPlusMHStocksUpdateMHProNews

According to the most recent data collected by the Institute for Building Technology & Safety (IBTS) on behalf of the U.S. Department of Housing and Urban Development (HUD), the manufactured housing industry downturn that began in the closing months of 2022 has continued. The manufactured housing industry collectively is now in the 9th consecutive month of year-over-year (YoY) lower production. This article will provide the IBTS data for production and shipments in all 50 states in Part I for June 2023, which is the most recent month those facts. Part II of this report will include the comments provided about the official data by the Manufactured Housing Institute (MHI) and the Manufactured Housing Association for Regulatory Reform (MHARR), along with some analysis of their respective remarks. Part III of this report and analysis will include the macro-markets and manufactured housing connected stocks and left-right mainstream headline news recaps.

 

Part I

IBTS
Shipments and Production Summary Report
06/01/2023 – 06/30/2023

 

Shipments Note: SW = Single Wide or Single Section.
MW = Multiple Wide or multi-sections (‘doubles, triples’)
State SW MW Total Floors
Dest. Pending           11             1           12            13
Alabama         233         173         406          582
Alaska            0             0             0              0
Arizona           82         119         201          323
Arkansas           94           70         164          234
California           55         212         267          486
Colorado           46           21           67            86
Connecticut           13             4           17            21
Delaware            6           23           29            52
District of Columbia            0             0             0              0
Florida         221         442         663       1,109
Georgia         186         189         375          565
Hawaii            0             0             0              0
Idaho           12           24           36            63
Illinois           38           29           67            96
Indiana         158           37         195          232
Iowa           56           14           70            84
Kansas           84           13           97          110
Kentucky         100         171         271          444
Louisiana         196         128         324          452
Maine           46           45           91          136
Maryland            6             5           11            16
Massachusetts            9           17           26            43
Michigan         154         133         287          420
Minnesota           25           24           49            73
Mississippi         128         130         258          389
Missouri           37           67         104          172
Montana           30             7           37            44
Nebraska            7             3           10            13
Nevada           13           17           30            48
New Hampshire           19           19           38            57
New Jersey           16           11           27            38
New Mexico           48           76         124          200
New York           48         102         150          250
North Carolina         198         269         467          736
North Dakota            5           23           28            51
Ohio           64           67         131          197
Oklahoma           86           94         180          274
Oregon           26           86         112          203
Pennsylvania           96           85         181          266
Rhode Island            3             0             3              3
South Carolina         181         216         397          613
South Dakota           33           14           47            61
Tennessee           74         196         270          467
Texas         646         776       1,422       2,200
Utah            7           19           26            46
Vermont            6             7           13            20
Virginia           42           61         103          164
Washington           24         100         124          232
West Virginia           28           53           81          134
Wisconsin           54           19           73            92
Wyoming            5             3             8            11
Canada            0             0             0              0
Puerto Rico

Total

           0             0             0              0

3,755     4,414     8,169    12,621

 

 

Production
State SW MW Total Floors
States Shown(*)                     256              279 535 815
 Alabama                                565              687 1,252 1,945
*Alaska                                      0                   0 0 0
 Arizona                                    85              136 221 361
*Arkansas                                  0                   0 0 0
 California                                 44              178 222 406
*Colorado                                  0                   0 0 0
*Connecticut                              0                   0 0 0
*Delaware                                  0                   0 0 0
*District of Columbia                  0                   0 0 0
 Florida                                     65              242 307 552
 Georgia                                 249              294 543 837
*Hawaii                                      0                   0 0 0
 Idaho                                      31                70 101 176
*Illinois                                      0                   0 0 0
 Indiana                                  511              187 698 887
*Iowa                                        0                   0 0 0
*Kansas                                     0                   0 0 0
*Kentucky                                  0                   0 0 0
*Louisiana                                  0                   0 0 0
*Maine                                       0                   0 0 0
*Maryland                                  0                   0 0 0
*Massachusetts                          0                   0 0 0
*Michigan                                  0                   0 0 0
 Minnesota                                51                54 105 159
*Mississippi                                0                   0 0 0
*Missouri                                   0                   0 0 0
*Montana                                   0                   0 0 0
*Nebraska                                  0                   0 0 0
*Nevada                                    0                   0 0 0
*New Hampshire                        0                   0 0 0
*New Jersey                               0                   0 0 0
*New Mexico                              0                   0 0 0
*New York                                  0                   0 0 0
 North Carolina                        171              259 430 689
*North Dakota                            0                   0 0 0
*Ohio                                         0                   0 0 0
*Oklahoma                                 0                   0 0 0
 Oregon                                    50              175 225 409
 Pennsylvania                          217              304 521 824
*Rhode Island                            0                   0 0 0
*South Carolina                          0                   0 0 0
*South Dakota                           0                   0 0 0
 Tennessee                              544              684 1,228 1,912
 Texas                                     916              865 1,781 2,649
*Utah                                        0                   0 0 0
*Vermont                                   0                   0 0 0
*Virginia                                    0                   0 0 0
*Washington                              0                   0 0 0
*West Virginia                            0                   0 0 0
*Wisconsin                                 0                   0 0 0
*Wyoming                                  0                   0 0 0
*Canada                                    0                   0 0 0
*Puerto Rico                               0                   0

Total                                 3,755            4,414

0

8,169

0

12,621

 
THE ABOVE STATISTICS ARE PROVIDED AS A MONTHLY

SUBSCRIPTION SERVICE. REPRODUCTION IN PART OR

IN TOTAL MUST CARRY AN ATTRIBUTION TO IBTS, INC.

FIGURES ARE AGGREGATED ON FIRST LINE ABOVE FIGURES ARE AGGREGATED ON FIRST LINE ABOVE TOTALS TO PROTECT PROPRIETARY INFORMATION.

Ashok K Goswami, PE, COO, 45207 Research Place, Ashburn, VA

 

Part II – Additional Information with More MHProNews Analysis and Commentary 

According to the Manufactured Housing Institute (MHI) email dated 8.10.2023 was the following.

QuoteMarksLeftSideManufactured Housing Shipments Increase from May, Continue to Lag 2022

MHI’s recently released Economic Report includes both shipment and production tallies for June 2023. MHI members can read the full June Economic Report online.”

 

That micro-report then linked to MHI’s logon page which requires a member login. Restated, MHI does not provide the public or even manufactured housing professionals who are non-members any solid month-to-month data for June, which has been their pattern for some time.

That said, MHI also produces an emailed report to their Federated States affiliates, which are essentially akin to a message to MHI member state associations. For more clarity on that, see the report linked below.

 

Who’s Who at Manufactured Housing State Associations per Manufactured Housing Institute (MHI), Others with MHI ‘Official’ History per Al Hesselbart-Claims-Tips-Views; plus, MHVille Markets Update

 

Per that MHI Federated States Newsletter dated August 7, 2023 was the following.

Manufactured Housing Shipments Increase 3.6% from May, Continue to Lag 2022
MHI’s recently released Economic Report includes both shipment and production tallies for June 2023. Cumulative shipments through June totaled 43,893 homes compared with 61,650 homes through the first half of 2022, a net decrease of 28.8%. In June, 8,179 new manufactured homes were shipped, a increase of 281 homes or 3.6% compared to May 2023, and a decrease of 3,193 homes or 28.1% compared to June 2022. Compared with the same month last year, shipments of both single-section and multi-section homes were both down by 28%. As of 2022, manufactured housing accounted for roughly 11.2% of new single-family starts, up from 9.4% in 2021. As of June 2023, manufactured housing accounted for roughly 9.8% of new single-family starts. Read the full June Economic Report.

The “Read” in the last sentence links to data similar to what is found above from IBTS in Part I, but which has additional breakdowns and insights. But again, that’s for dues-paying members, not for the public nor for non-member professionals. More on the significance of that shortly.

By contrast, what follows a bit further below is what the Manufactured Housing Association for Regulatory Reform (MHARR) provided for June 2023. Note that MHARR gives bloggers and publications an opportunity to republish their information at no cost.  Furthermore, MHARR for some time has been providing that information in a mainstream media release that also allows for republication without cost.  Simply put, MHARR is encouraging a wide use of their information. By contrast, MHI is limiting their information only to those who are dues paying members.

Bluntly, what MHI is doing is not only quite different than what MHARR, it is also fails to follow the pattern used by the National Association of Home Builders (NAHB), the National Association of Realtors (NAR), or the Recreational Vehicle Industry Association (RVIA). All of them provide some level of information to the public, which means also to non-dues paying members of their respective professions.

MHI is hiding data from non-members that MHARR thinks that others should have free access to, much the same as NAHB, NAR, the RVIA or others do. MHARR’s gratis report to industry members for June 2023 was as follows.

QuoteMarksLeftSideDespite Steep Production Decline, Manufactured Housing Institute Gives Fannie Mae and Freddie Mac a Pass

Washington, D.C., August 3, 2023 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production declined again in June 2023. Just-released statistics indicate that HUD Code manufacturers produced 8,169 new homes in June 2023, a 28.1% decline from the 11,373 new HUD Code homes produced in June 2022. Cumulative production for 2023 is now 43,888 homes, a 28.8% decrease from the 61,659 homes produced over the same period during 2022.

A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current year (2023) and prior year (2022) shipments per category as indicated — are:

 

MHARR-ManufacturedHousingAssociationForRegulatoryReformJune2023MonthlyTop10StatesData-MHProNewsCompares2022v2023Logos

 

The statistics for June 2023 produce one change from last month, moving Georgia into 6th place, ahead of Michigan.

The continuing steep production decline illustrated by these statistics, is the result, in substantial part, of the complete failure of Fannie Mae and Freddie Mac to provide securitization and secondary market support for manufactured housing chattel loans under the Duty to Serve (DTS) mandate. For 15 years since the enactment of DTS, the mortgage giants have failed to provide any support for these loans, despite the fact that they represent some 80% of the manufactured housing market and provide access to the industry’s most affordable homes. If DTS were implemented, in a market-significant manner, that factor, in itself, would draw new lenders into the HUD Code financing market and reduce interest rates through increased competition and lowered risk.

Yet despite the fact that Fannie Mae and Freddie Mac continue to flout Congress and the law with respect to the vast bulk of the HUD Code market, the Manufactured Housing Institute (MHI), representing the industry’s post-production sector, in recent remarks to a DTS “Listening Session,” “commended” Fannie Mae and Freddie Mac for their “efforts” regarding DTS. So, instead of exerting maximum pressure on Fannie and Freddie to finally begin serving the core of the industry’s retail consumer base, the national representative of the industry’s post-production sector effectively gave the two entities a pass for their continuing failure to serve the vast bulk of the industry and its consumers. This is unacceptable and only helps to excuse and prolong an unacceptable status quo.

MHARR, for its part, continues to press the Federal Housing Finance Agency (FHFA) for the full, complete and robust implementation of DTS in all HUD Code consumer financing markets.

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

— 30 —

 

Note that MHProNews has for years provided the MHARR information. At times, our parent company has provided that information first on MHLivingNews, which is what occurred this month.  Our report and analysis on MHLivingNews regarding the information from MHARR is found at the link below.

 

LosingTheAmericanDreamSteepManufacturedHousingProductionDeclineContinuesWhileManufacturedHousingInstituteCEO-LesliGoochGivesFannieMaeAndFreddieMaA-PassMHLivingNews
https://www.manufacturedhomelivingnews.com/losing-the-american-dream-steep-manufactured-housing-production-decline-continues-while-manufactured-housing-institute-ceo-lesli-gooch-gives-fannie-mae-and-freddie-mac-a-pass/

 

One of the challenges that manufactured housing sellers and marketers has been the mystifying and at times troubling or even problematic behavior of MHI.  For a recent example from July of 2023 is the following. When Lesli Gooch made her shocking remarks to the FHFA, first reported by MHProNews to the manufactured housing industry at large in the report linked below, MHLivingNews offered to do a Q&A on the issue with MHARR.  That Q&A with MHARR president and CEO Mark Weiss follows the next-linked MHProNews report.  Those who haven’t already done so should look at the Gooch remarks first, and then read the Weiss’ remarks for MHARR via MHLivingNews. 

 

You Can’t Make This Up – Lesli Gooch, Ph.D., Manufactured Housing Institute CEO Proclaims – ‘I Commend the Teams at FHFA, Fannie Mae, and Freddie Mac’ – Saturday Satire; plus MHVille Markets Update

MarkWeissJDPresidentCEO-ManufacturedHousingAssociationRegulatoryReformMHARRPicLogoInexcusableMajorProblemExclusiveQAMarkWeissJDpresCEO-MHARR-MHLivingNews
https://www.manufacturedhomelivingnews.com/inexcusable-and-major-problem-exclusive-mhlivingnews-question-and-answer-qa-with-mark-weiss-j-d-president-and-ceo-of-manufactured-housing-association-for-regulatory-reform-mharr/

 

On 8.21.2023, MHARR by agreement with our parent company’s management provided the essence of that Q&A with MHLivingNews to their email list. Their cover message said the following.

 

TO:                HUD CODE MANUFACTURED HOUSING INDUSTRY MEMBERS

FROM:         MHARR

RE:               MHI STATEMENT PROVIDES FANNIE AND FREDDIE A PASS ON DTS CHATTEL

             Ever since Manufactured Housing Institute (MHI) CEO, Lesli Gooch stated at a July 18, 2023 Federal Housing Finance Agency )FHFA) Duty to Serve (DTS) “Listening Session” that “The Duty to Serve statute does not require Fanny and Freddie to purchase [manufactured housing] personal property loans, but does say explicitly that they – quote – ‘may consider’ such loans,” MHARR has been receiving inquiries from industry members regarding the meaning of this statement and its implications for DTS implementation, the HUD Code industry and manufactured housing consumers.

            To address these inquiries and to provide further information regarding the problems posed by this statement – as well as potential means and methods for their correction – the attached reprint copy of a Q&A with MHARR President and CEO, Mark Weiss, initially published in the online publication MHProNews, is attached for your review and information.

            Please do not hesitate to contact us if you have any further questions or need any additional information regarding this important matter.

Attachment

 

Additional Observations, Summary and Conclusion

There are broadly speaking two main camps in manufactured housing trade media and bloggers.

1) There are those who are clearly connected to MHI. Those linked to MHI carry their water for them directly and/or at times by creating a smokescreen that obscures issues that ought to be clear to those who grasp the industry.  MHI publishes various statements and documents, often via email which are often NOT posted to their own website, which claims certain priorities that they have had for the industry. MHProNews plans a report that will carefully unpack the MHI document. But suffice it to say for now that their ‘priorities’ include items that have been pending in Washington, D.C. since 2000, 2007, and 2008 depending on the issue. Why has MHI failed to achieve the enforcement of existing laws? Or why has MHI, in the case of the Energy Independence and Security Act of 2007 (EISA), only in the last year begun to propose legislation that might fix that problem? Why did MHI wait so long to file suit to stop what they said was harmful energy regulations of the industry? MHI has claimed “clout” and “Zen,” while demonstrating that they have access. But what have they done with that access? Where is the evidence for their claim of clout?

For those who follow the money trail, the ones at MHI who are benefiting consistently are consolidators.  MHI touts recognition, photo and video ops, articles, and gives out awards to some companies that may make no sense when they are examined. MHI not only fail to do common sense things, such as provide the public with the latest production data as MHARR, NAHB, NAR, and RVIA do, but they also fail in the lobbying and legislative fronts too. So much so that a zoning law expert advocated creating a new manufactured housing trade group to do what MHI claims that they are doing. It was almost as if MHI didn’t exist at all. It doesn’t get much more embarrassing than that, does it?

2) Then there are those who are willing to question the MHI narrative and willing to expose the apparent MHI failures by using facts, evidence and common-sense analysis.

MHProNews/MHLivingNews are in that second category and the known evidence strongly suggests that MHProNews is the runaway most-read trade media serving the manufactured housing industry. The reasons seem clear. Inquiring minds want to know.

Even those who are in the MHI camp are reportedly routine readers of MHProNews. Why? Perhaps because MHProNews fairly and accurately lays out the facts, including the specific remarks made by MHI and its staff or corporate leaders. We do longer form journalism, which requires more time, effort, and expertise to do the types of reports with analysis that are produced by MHProNews/MHLivingNews. Again, people want to know, and getting ‘both sides’ of the story – the MHI and the MHARR perspectives reflected in their own words, and then getting the MHProNews analysis and commentary gives readers what we’ve long asserted. “We Provide, You Decide.” ©

It is easier, faster, and less time consuming to mimic the MHI party line. That’s what others often do.

But the problem for those who carry the MHI water, or who provide smokescreen cover for MHI is this. Their narrative simply doesn’t stand up to scrutiny. By contrast, MHARR’s posture and actions match their words. And in the trade media realm, MHProNews’ evidence-based contention is that MHI is essentially working for consolidators who dominate their trade association. For instance, thanks to research into prior MHI President and CEO, Gail Cardwell, industry readers and other affordable manufactured housing advocates now know just how important FHA Title I financing used to be to manufactured housing. That data in a Cardwell era MHI presentation also indicates when Title I crashed.

Note: the image below is a larger version of the tweeted letter shown above.
To expand this image to a larger or full size, see the instructions
below the graphic below or click the image and follow the prompts.

 

HistoricalFHATitleIendorsementsPerHUD-MHProNewsManufacturedHousingInstituteGraphicLogo-MHProNewsFactCheck
Hundreds of current manufactured home sellers may never have had a single FHA Title I financed new home sale. But at different times in manufactured housing history, FHA Title I chattel loans were an important part of the financing mix that kept manufactured housing producing thousands of homes a year, numbers of which may not have been otherwise been sold. From a MHI President and CEO Gail Cardwell era presentation. Learn more at this link here and here. 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. 

 

And what has MHI’s ‘almost a woman of influence’ CEO Lesli Gooch, Ph.D., done in response to such facts? See for yourself.

 

OutragedMHECmember CrucifyGoochMHARRsaysMHIshouldNotCommendFannieMaeFreddieMacAndBadFaithExcuseUptonSinclairRulesInManufacturedHousingManHousingExecCouncilLogoMastMHProNews
https://www.manufacturedhomepronews.com/masthead/outraged-mhec-member-crucify-gooch-mharr-says-no-one-at-mhi-should-not-be-commending-fannie-mae-freddie-mac-and-b/

 

CavcoCEOWmBillBoorForManufacturedHousingInstituteCongressESGDistortsMarketvRoxanneBlandMartinMartyLavinFollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayFactsAnalysisMHProNews
https://www.manufacturedhomepronews.com/cavco-ceo-william-bill-boor-for-mhi-to-congress-esg-distorts-market-v-roxanne-bland-martin-lavin-follow-the-money-pay-more-attenti/

 

Others are welcome to spin their yarns any way that they want to do so as long as it is legal. That’s the nature of a free speech society. As long as your speech isn’t designed to defraud, defame, or otherwise cross a legal line, it can be 100 percent wrong, and still is allowed because of ‘free speech.’ Some apparently have little to no shame in either passing on or creating falsehoods or half-truths.

Manufactured housing is underperforming during an affordable housing crisis. That’s what the data clearly reflects. Others rarely, if ever in recent years provide the kind of stark chart that illustrates at a glance just how poorly MHI’s advocacy is.  Here you go.

 

ManufacturedHousingIndustryProductionSnapshot1960to2022SkylineChampionInvestorRelationsManufacturedHomeProNews
The graphic above starts in the mobile home era in 1960 through the start of the start of the Manufactured Housing era which formally began on June 15, 1976. It then continues through the Manufactured Housing Improvement Act of 2000 (MHIA) of 2000 era, which is essentially manufactured homes in the 21st century. The Manufactured Housing Institue (MHI) and the Manufactured Housing Association for Regulatory Reform IMHARR) teamed up in the late 1990s to get the Manufactured Housing Improvement Act of 2000 (MHIA) enacted into law. It was supposed to, among other factors, give the industry ‘enhanced federal preemption’ to overcome zoning and placement challenges at the local level. What happened to that once joint push by MHARR and MHI? Note: depending on your browser or device, many images in this report can be clicked to expand. 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. The report the graphic is from is unpacked in the post linked here: https://www.manufacturedhomepronews.com/skyline-champion-sky-ramping-up-3-plants-good-credit-quality-retail-buyers-more-details-from-2023-quarterly-earnings-call-transcript-whats-said-not-said-facts-and-analysis/ Then, a similar dive into Cavco Industries report for a time frame report is linked here. https://www.manufacturedhomepronews.com/analyst-to-cavco-why-is-manufactured-home-industry-production-so-weak-paradox-develops-lower-expectations-more-singles-in-q1-2023-cavco-industrie/ The topic of the importance of history is examined in the report linked below. 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/

 

The irony at times is how MHI’s own members, in their investor pitches, illustrate the very core of the evidence- and logical thesis being laid out here by MHProNews. When MHI member Cavco Industries says that 6 million housing units are needed, we concur. When Cavco Industries (CVCO) says that factory-built housing, including manufactured homes are the best way to close that gap, there is plenty of evidence to support their claim, and to that extent, we editorially concur.

 

Note: the image below is a larger version of the tweeted letter shown above.
To expand this image to a larger or full size, see the instructions
below the graphic below or click the image and follow the prompts.

CavcoIndustriesLOGO-CVCOInvestorPresentationIR-AffordableHousingCrisisQuotesJan2023Page4MHProNewsFactCheckAnalysisCommentary
https://www.manufacturedhomepronews.com/manufactured-housing-institute-mhi-claims-contradicted-by-cavco-industries-ir-statements-shortage-of-affordable-housing-costs-economy-2trillion-annually-plus-mhville-markets-upd/ There is no lack of evidence that there is an affordable housing crisis. But that being so, why is MHI making the odd argument in their most recent (4.10.2023) Federated States ‘Newsletter’

that the industry ought to expect this current downturn because more expensive site built housing is also in a downturn? MHI’s research and reasoning are arguably a classic example of PALTERING and the use of a RED HERRING logical fallacy. 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.

 

But when Cavco’s own top executive, William “Bill” Boor, speaking on behalf of MHI then tells Congress that the industry is at a “crossroads,” what he is de facto admitting is that MHI has failed to achieve its own stated goals.

 

Cavco Industries – Quarterly Earnings for CVCO to 1st Half of 2023 – Compare what William ‘Bill’ Boor told Investors to What Boor told Congress – ‘Months’ B4 MHC Homes; plus MHVille Market Update

 

Then, when Skyline Champion forges a new deal with Triad Financial Services (TFS), a subsidiary of ECN Capital, and both firms are celebrating that deal, it is a cautionary tale that the powers that be at MHI don’t believe for a second that they are going to get more financing via FHA Title I or from the Duty to Serve (DTS) program mandated by Congress for Fannie Mae or Freddie Mac. Why is that so? Because if DTS and/or FHA Title I were about to become realities, then there would be no need for Skyline Champion (SKY) to make such a deal.

 

‘May Chill MH Market’ ‘Possible Danger’ in Finance per MHI Linked Sources – Skyline Champion-ECN Capital Announce Strategic Triad Deal – Facts and Analysis beyond PR; plus MHVille Markets Update

More ECN Capital-Skyline Champion Deal with New Triad President Lance Hull Remarks – is Claytonization of Largest Independent Manufactured Home Lender Triad Financial Services Underway?

 

These are the types of fact-packed and evidence-based reports and analysis that are found nowhere else in MHVille. We then compare those manufactured housing industry facts with conventional housing facts and shed even more light on the industry’s true potential, vs. just how poorly MHI has performed at achieving that potential.

 

Manufactured Housing Obstacles or Opportunities in Disguise? Redfin Study on 7.28.2023 Says Starter Homes up 45% Since Pre-COVID, Millions Priced Out – Sunday Weekly MHVille Headlines in Review

 

In a casual discussion with a real estate investor who has little contact with manufactured housing, this writer brought the subject up. The level of production for 2022 was mentioned. That housing pro was stunned by how low the numbers were. If the manufactured home industry’s products are such a good value, then why are the sales so low?  It is a fair question. Why won’t MHI deal with such issues head on? Why won’t MHI admit to past errors, and begin to do what they advertise and claim?

 

LesliGoochMarkBowersoxRickRobinsonRichardJennisonPicsMHInsiderManufacturedHousingInstituteLogo$1MillionTopMHIstaffPayRevealUnpackingEvidencePerjuryFraudOtherPossibleFederalMHProNews
https://www.manufacturedhomepronews.com/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/

 

When high-level scams and cons appear to be highly visible fare in MHVille, why would it be a surprise if MHI itself has been transformed in the Berkshire era into a kind of scam that favors consolidators who think industry underperformance benefits their business model?

Note: the image below is a larger version of the tweeted letter shown above.
To expand this image to a larger or full size, see the instructions
below the graphic below or click the image and follow the prompts.

EquityLifeStylePropertiesELSlogo2.2023-SupplyConstrainedAssetClassManufacturedHousingInstituteMemberLogo-MHI-2023-05-10_12-46-30MHProNews
When prominent MHI member, Equity LifeStyle Properties (ELS) says that “almost no new supply” is a “strategic advantage for ELS” that merits a closer look by independent manufactured housing professionals, public officials, shareholders, affordable housing advocates, and possible plaintiffs’ attorneys, among others. Why? Because MHI claims that they are working to get “enhanced preemption” under the Manufactured Housing Improvement Act (MHIA) into effect. If so, then ELS is apparently against that enforcement. Under Supply Constraints, ELS lists NIMBY and restricted zoning and regulations at the state and federal levels. If restricted zoning and NIMBYism vanished, per ELS’ stated investment thesis, that would be a disadvantage to their stated scheme. ELS has long held a board seat on MHI’s “executive committee” on their board of directors. https://www.manufacturedhomepronews.com/buying-or-renting-manufactured-homes-greater-value-compared-to-other-housing-options-supply-constrained-asset-class-conflicts-els-1q-2023-ir-pitch/

 

‘Ever Dream of Being Own Boss, Filling Need in Society?’ Claims of Alleged Multi-Million Dollar Fraudster Chimene Van Gundy-Queen of Mobile Homes-Charged by SEC-Facts, Analysis MHVille Lessons

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https://www.manufacturedhomepronews.com/tip-new-exclusive-document-gary-shiffman-ceo-sun-communities-legal-controversy-evidence-supports-benderoff-claim-shiffman-dr-gonte-conspired-in-insurance-scam-plus-mhville-markets-update/
https://www.manufacturedhomepronews.com/masthead/smoking-gun-deal-by-gary-a-shiffman-used-by-tipster-to-assert-insurance-fraud-scheme-involving-dr-william-bill-gonte-sun-communities-ceo-shiffman-and-manufactu/

 

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https://www.manufacturedhomepronews.com/whistleblower-payout-cavco-cvco-settle-with-sec-in-securities-and-exchange-commission-case-vs-cavco-former-ceo-joseph-stegmayer-daniel-urness-21-cv-01507-u-s-district-court-of-az/

 

So much of what occurs in manufactured housing falls into the category of “you just can’t make this stuff up.” If someone tried to create a fictional story about a proven affordable housing product that cost half as much as conventional housing, and it was only selling about 1/10th of new construction during an affordable housing crisis, who would believe it?

The truth is hiding in plain sight.  There are those in or out of MHI that have been willing to speak the truth, but they are too few in number. But if more don’t figure out how to speak the truth, or as/more importantly, how to successfully fight back, then they may find themselves as one of the future statistics in the industry that no one should want to be on that statistical list. It is the de facto business obituaries that thousands of once profitable businesses in manufactured housing are on. When thousands of retailers failed in the 21st century, that meant that dozens upon dozens of production centers closed.  The industry has never recovered.

 

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MH’s staff or corporate leaders should stop giving each other faux awards and phony praise for what a great job they claim to be doing when thousands of their industry peers were put out of business in the 21st century.  The wonder is that no one has yet gone to prison for being responsible for this farcical sham. If or when such charges, cases, and convictions occur, how many of them will share three letters in common? Those three letters of M.H.I.?

 

Part III. Daily Business News on MHProNews Markets and Headline News Segment

 

Headlines from left-of-center CNN Business – from the evening of 8.21.2023

  • On a collision course
  • Goldman Sachs: A government shutdown would be ‘manageable’ for the economy. That’s why it could be heading toward one
  • Margot Robbie as Barbie and Ryan Gosling as Ken in Warner Bros. Pictures’ “Barbie”.
  • ‘Barbie’ unseated from top of the US box office
  • People sit in a public area in the Brookfield Place Mall on March 11, 2022 in New York City.
  • The US mall is not dying
  • Yellow Corp. trucks sit idle at a company facility on July 31, 2023 in Hayward, California. Nashville-based Yellow is closing its doors on the verge of bankruptcy after years of financial struggle. The closure will cost 30,000 jobs, including those of 22,000 Teamsters union members.
  • Laid-off Yellow drivers will have a tough time finding good jobs
  • Packages of the weight-loss drug “Wegovy” from the company Novo Nordisk lie on the sales counter in a Danish pharmacy on June 28 in Copenhagen, Denmark.
  • How soaring demand for Ozempic and Wegovy is altering Denmark’s economy
  • Ikea is opening a new store this week in downtown San Francisco at 945 Market Street.
  • Stores are leaving San Francisco. Ikea is opening there this week
  • Hong-Kong-flagged container ship “Joseph Schulte” transits Bosphorus in Istanbul, on August 18, 2023. The Hong Kong-flagged Joseph Schulte left the port of Odesa on August 17 — the first vessel to directly challenge Russia’s new bid to seal Ukraine’s access to the Black Sea. Marine traffic sites showed it approaching its final destination in Istanbul after moving along a western route that avoided international waters in favour of those controlled by NATO members Romania and Bulgaria
  • Ukraine is working on a plan to get grain shipments moving again
  • Meet Khan Academy’s chatbot tutor
  • Delivery vehicles stand outside a Domino’s Pizza Inc. fast food store in Moscow, Russia, on Monday, Aug. 15, 2011. Domino’s, which has 4,900 stores in the U.S. and 4,400 international locations, will open as many as 300 stores a year over the long-term, with most being in overseas markets. Photographer: Andrey Rudakov/Bloomberg via Getty Images
  • Domino’s Pizza will close all 142 stores in Russia
  • Some items like artificial trees, wreaths and tree toppers are currently selling on Lowe’s online.
  • Santa better get a T- shirt because summer has claimed Christmas
  • Adobe co-founder John Warnock, who helped invent the PDF, is dead at 82
  • Is David Solomon on his way out at Goldman Sachs? The CEO whisperer weighs in
  • China’s economy is in trouble. Here’s what’s gone wrong
  • Alleged Russian crime boss sanctioned by Ukraine owns a major stake in US biotech firm
  • China disappoints investors with ‘underwhelming’ decision on key interest rate
  • China wants to limit minors to no more than two hours a day on their phones
  • World Cup co-hosts Australia and New Zealand have another goal in mind: wooing back tourists
  • Hundreds of flights canceled as storm hits the West Coast
  • The next phase of the Fed’s historic inflation fight is waiting for rate cuts
  • iPhone 15 could have faster charging
  • As mortgage rates soar over 7%, an unaffordable housing market is becoming even more expensive
  • Your dog could fetch $100 an hour as a canine ambassador for peanut butter, Honest Paws says
  • Electric cars are breaking sales records, but here’s why they’re not replacing gas cars anytime soon

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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. 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. 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 8.21.2023

  • Donald Trump Jr. to Attend Debate
  • Donald Trump Jr. will attend the Republican presidential debate in Milwaukee on Wednesday night despite his father’s refusal to participate. [Full Story]
  • Atlanta Targets Trump
  • Pam Bondi: Georgia Trial Date ‘Ultimate Election Interference’
  • Matt Whitaker: Ga. Case Tries to Be ‘Creative’ on RICO | video
  • Napolitano: ‘Courtroom Not Big Enough’ for Georgia Case
  • Trump Atty: Georgia Indictment ‘Affront to Constitution’
  • Pam Bondi: Democrats ‘Weaponizing’ Local DAs | video
  • Georgia State Sen. Moore: Defund, Impeach Fani Willis
  • Trump Cancels Election Fraud Report News Conference
  • More Atlanta Targets Trump
  • Trump Indictments
  • Trump: ‘Bogus’ for Biden to Campaign on ‘Trump Is Indicted’
  • Jason Miller: Most Voters See Trump Charges as Political | video
  • Pence: History, Americans Should Judge Trump’s Actions
  • Gaetz Moves to Censure, Condemn Judge Chutkan
  • Judge Finds Trump’s Appeal in Carroll Case ‘Frivolous’
  • Rosendale: DOJ’s ‘Election Interference’ Fools No One | video
  • More Trump Indictments
  • Newsmax TV
  • Chris Christie: Entitlements Avoiders Are ‘Liars, Cowards’
  • Perry Johnson: Race Begins on Debate Stage | video
  • Norman: Nikki Haley ‘Adds Youth’ to GOP Field | video
  • Ogles: House Must Hold Biden Impeachment Inquiry | video
  • Lara Trump: Trump Fought Against Govt Waste | video
  • Greg Kelly: Tuberville Right in Fighting Woke Military | video
  • More Newsmax TV
  • Newsfront
  • Hurricane Hilary to Bring ‘Life-Threatening Flooding’ to US Southwest
  • States across the typically arid U.S. Southwest were racing Saturday to prepare for life-threatening flooding forecast as Hurricane Hilary approaches from Mexico, where damage and one death were reported. A Saturday night bulletin from the US National Hurricane Center (NHC)… [Full Story]
  • Related Stories
  • Hungary to Provide Shelter for 250 Maui Families
  • Comer: Biden’s Fake Name Emails More Evidence of Guilt
  • The emails President Joe Biden signed with a pseudonym while he was [Full Story]
  • Related
  • Gasparino: Weiss Failure ‘One of the Biggest Cover-ups Since Watergate’ |video
  • Charlotte Police Fatally Shoot Man Who Stabbed Officer
  • An officer responding to a domestic violence call fatally shot a man [Full Story]
  • Emerson Poll: Tied With Biden, Trump Leads GOP by 46
  • A new Emerson poll released Saturday found that former President [Full Story]
  • Related
  • Biden-Harris Buys $25 Million in Ads Before GOP Debate |video
  • Burgum: I’m Running for President, Not ‘Pundit’ on Trump
  • DeSantis Will Absorb Opponents Attacks at Debate With Trump Missing
  • Trump: ‘Bogus’ for Biden to Campaign on ‘Trump is Indicted’
  • Greg Kelly: Tuberville Right in Fighting Woke Military
  • Newsmax TV host Greg Kelly, himself a retired lieutenant colonel in [Full Story]
  • Pakistani Christians Hold Services at Burnt Churches
  • Pakistani Christians held services on Sunday at churches that were [Full Story]
  • Manchin: Partisans Quick to ‘Villainize’ in Politics
  • Moderate Sen. Joe Manchin, D-W.Va., lamented the polarization of [Full Story] | video
  • Doctors, Dentists, Anthropologists ID Maui’s Victims
  • Inside a temporary morgue near the Maui County coroner’s office, a [Full Story]
  • Russia ‘Thwarts’ Ukraine Drone Attack on Moscow
  • Russia said it thwarted Ukrainian drone attacks on Moscow and its [Full Story]
  • Related
  • Netherlands, Denmark Commit to Delivering F16s to Ukraine
  • Zelenskyy Vows Retaliation for Chernihiv Attack
  • UN Condemns Deadly Russian Attack on Ukraine City
  • Zelenskyy in Netherlands After Dutch Sending F-16 Jets to Ukraine
  • Hungary to Provide Shelter for 250 Maui Families
  • The Hungarian government is stepping forward to help the families in [Full Story] | video
  • ‘Paying More for Less’ After Inflation Reduction Act
  • President Joe Biden may be touting the so-called success of [Full Story] | Platinum Article
  • Hunter’s Lawyer Threatened to Call Joe to Stand in Plea Talks
  • Once it became apparent the U.S. Attorney in Delaware David Weiss had [Full Story] | video
  • Less Cash, Fewer Bears Could Leave Stocks Vulnerable
  • Several indicators that pointed to upside for U.S. stocks this year [Full Story]
  • Russia’s Luna-25 Spacecraft Crashes Into the Moon
  • The Russian space agency says its Luna-25 spacecraft crashed into the [Full Story]
  • North Korean Hackers Target US-South Korea Military Drills
  • Suspected North Korean hackers have targeted a joint U.S.-South Korea [Full Story]
  • ‘Day of Reckoning’ Coming for ‘Woke’ Sports Franchises
  • Marketing experts are warning sports franchises that hopped on the [Full Story] | Platinum Article
  • Related
  • Viral Country Song ‘Epitomizes’ Americans’ ‘Woke’ Backlash |Platinum Article
  • Slow Start for Ga. Medicaid With Work Requirement
  • Georgia Gov. Brian Kemp signed paperwork creating a new state health [Full Story]
  • Pope Francis Calls for Peaceful End to the Niger Crisis
  • Pope Francis expressed hope Sunday for a peaceful solution to the [Full Story]
  • US, Japan and Australia Plan Joint Navy Drills
  • The United States, Japan and Australia are planning a joint navy [Full Story]
  • Tens of Thousands Flee Canada Wildfires
  • Officials in western Canada’s British Columbia implored tens of [Full Story]
  • Perry Johnson to Newsmax: Race Begins on Debate Stage
  • GOP presidential candidate Perry Johnson, who this weekend met the [Full Story] | video
  • The Race to Link Brains to Computers Is Heating Up
  • Brain implants have long been trapped in the realm of science [Full Story]
  • US Cancels Visas of 100 More Nicaraguan Officials
  • The U.S. State Department on Saturday imposed visa restrictions on [Full Story]
  • Japan’s Kishida Visits Troubled Nuclear Fukushima Plant
  • Japanese Prime Minister Fumio Kishida visited the tsunami-wrecked [Full Story]
  • Report: Weiss Unwilling on Deal Without Hunter Biden Plea
  • Hunter Biden’s plea deal collapsed after weeks of negotiations that [Full Story]
  • Obama-Linked Hawaii Equity Water Boss Delayed Water Delivery
  • According to the Hawaii official who delayed access to water during [Full Story]
  • Rail Whistleblowers Fired for Voicing Safety Concerns
  • Hours before a Norfolk Southern train derailed in Ohio and erupted in [Full Story]
  • China Stages War Games in ‘Stern Warning’ to Taiwan
  • China held air and sea drills around Taiwan on Saturday, in what it [Full Story]
  • Former Minn. Gov., Moderate Republican Al Quie, Dies at 99
  • Former Minnesota Gov. Al Quie, a moderate Republican known for [Full Story]
  • General Overseeing Restoration of Notre Dame Dies at 74
  • The decorated French general in charge of the ambitious, big-budget [Full Story]
  • Billions in Aid Spent, but Little Accountability
  • About 6,300 cities and counties nearly 1 in 4 nationwide reported no [Full Story]
  • Elon Musk’s “Project Omega” Could Spark A.I. Megatrend
  • Finance
  • 5 Easy Tricks to Pay Off Your Car Loan Faster
  • If you’re thinking about paying off your car loan, there are a few things you need to remember. Here are 5 easy ways to pay off your car loan faster…. [Full Story]
  • Hawaiian Electric Put Green Energy Goals Ahead of Fire Mitigation
  • Suit Claims Progressive Insurance Racially Biased
  • Hedge Fund Billionaire Cohen Fights $10M Tax Bill
  • Wall Street Limps to 3rd Straight Losing Week
  • More Finance
  • Health
  • No Evidence Blue Light-Filtering Glasses Help Eyes
  • Heavy screen users who buy blue light-filtering eyeglasses to protect their eyes might be wasting their money, according to a new study…. [Full Story]
  • YouTube’s New Policies to Target Medical Misinformation
  • WHO Monitoring Highly Mutated New Strain of COVID-19
  • 5 Supplements to Calm Anxiety
  • Ignore That New TikTok Trend: Eating Borax Is Dangerous

 

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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.
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