Nearly $2 Billion for Startups BUT…Crunchbase-AI–Why Factory-Building Newbies Struggle During Affordable Housing Crisis–Good, Bad, or Meh for Manufactured Housing? Plus, MHVille Markets Update

Nearly$2BillionForStartupsButCrunchbaseAIwhyFactoryBuildingNewbiesStruggleDuringAffordableHousingCrisisGoodBadMehForManufacturedHousingPlusMHVilleMarketsUpdateMHProNews

In an interesting news article on startup factory-builders from Crunchbase was the following keen insight. “In an interview last year, Veev CEO Amit Haller told Crunchbase News that the goal of more affordable housing will require building at scale. In a more ideal world, he envisioned that building homes would be more like churning out iPhones. The resultant product would be available at mass scale and of high enough quality to appeal to consumers of all means. But this presents a sort of chicken-and-egg dilemma. It’s tough to make affordable housing without scale. And it’s difficult to scale something that people can’t initially afford to buy.” Note that per left-leaning Wikipedia: “Crunchbase is a company providing business information about private and public companies. Their content includes investment and funding information, founding members and individuals in leadership positions, mergers and acquisitions, news, and industry trends.”

More on that further below in Part II in the additional information with more MHProNews analysis and commentary segment, which will explore what these insights may mean for HUD Code manufactured home builders. But first, that article on Crunchbase sparked inspired a survey of what is the latest news about a range of such startups. Not just Veev, but Icon, S2A Modular, Mighty Buildings, Plant Prefab, Admares, Boxable, and others.

With mainstream sources say that from 3.8 million, to 6 million, to perhaps as many as 20 million new U.S. housing units needed, the opportunities to earn money serving the U.S. affordable housing market ought to be obvious.

 

Part I – Crunchbase, AP, AI and Other Sources Provide Updates on 2023 Updates on New Factory Builders

 

In no particular order of importance, are insights and updates on factory-builders that have launched in recent years which have targeted the U.S. affordable housing market.

Veev

BingsAIchatAnswerImage-MHProNewsVeev, a modular housing company based in Hayward, California, is reportedly shutting down after facing funding issues 123The company had raised $400 million in March 2022 2Veev aimed to build higher quality homes faster, smarter and more sustainably by reimagining every step of the home building process 4However, it seems that the company was unable to secure the funding it needed to stay afloat 2.

I hope this information helps.

Learn more:

  1. msn.com 2. techcrunch.com 3. globest.com 4. veev.com 5. apnews.com

According to Crunchbase.

QuoteMarksLeftSidePreviously, it [i.e.: Veev] had raised $585 million in venture funding, including $400 million just last year.

Veev is a prominent name in a long list of affordable housing-related startups that scaled up during the boom years. While the San Mateo, California-based company only produced a limited number of dwellings to date, it had a longer-term vision of enabling mass-production of new homes with prefab components and standardized building processes.

It was one of several hefty fundraisers in the space. In our last report on funding to affordable housing-related startups in the summer of 2022, we put together a list containing 24 U.S. companies that had collectively brought in close to $2 billion.”

 

> “News about Oakland, California-based Mighty Buildings, a maker of factory-built, 3D printed panels?”

BingsAIchatAnswerImage-MHProNewsMighty Buildings, a company based in Oakland, California, is a manufacturer of factory-built, 3D printed panels for constructing sustainable and affordable homes. The company has recently raised $22 million in funding to expand its operations 1Mighty Buildings has also completed the world’s first 3D-printed net-zero home as part of a 40-unit community in Desert Hot Springs, California 2The company’s CEO, Slava Solonitsyn, has stated that Mighty Buildings has a master plan to solve productivity for construction in a sustainable way 1.

Is there anything else I can help you with?

Learn more:

  1. techcrunch.com 2. dezeen.com 3. zoominfo.com 4. mightybuildings.com

 

> “News about 3D builder ICON?”

BingsAIchatAnswerImage-MHProNewsI found some news about ICON, a company that develops advanced construction technologies using 3D printing robotics, software, and advanced materials. According to their website, they are currently accepting architecture submissions for their Project Olympus 1They have also been featured on CBS’s 60 MINUTES, where journalist Lesley Stahl reported on ICON’s story of building 3D-printed homes on Earth and developing space-based technology to build on the Moon 2In August 2021, ICON landed a $207M Series B funding to construct more 3D-printed homes after seeing 400% YoY revenue growth 3.

Learn more:

  1. iconbuild.com 2. iconbuild.com 3. techcrunch.com

> “News about Admares in U.S.?”

 

ADMARES, a company that specializes in industrialized manufacturing of buildings and homes, plans to construct its first U.S. manufacturing facility in Waycross, Georgia. The company expects to create over 1,400 new jobs and invest $750 million in Ware County 123The latest news on Admares can be found on their official website 4.

Learn more:

  1. foxnews.com2. admares.com3. prnewswire.com4. admares.com

MHProNews reported on Admares plant in the report linked below.

 

RevolutionizeHousingIndustryFactoryBuilderAdmares$750MillionInvestmentInU.S.ForPlantw-AutomationMoreOnS2A.Tiny Homes3DPrintedHousingPlusSundayWeeklyHeadlinesReviewMHProNews
https://www.manufacturedhomepronews.com/revolutionize-housing-industry-factory-builder-admares-750-million-investment-in-u-s-for-plant-w-automation-more-on-s2a-tiny-homes-3d-printed-housing-plus-sunday-week/

 

> “News about Boxabl in U.S.?”

BingsAIchatAnswerImage-MHProNewsBoxabl, a modular home builder, has received commitments for $3.2+ million in new funding under the SEC’s Regulation Crowdfunding, fully subscribing in 9 hours 1The company’s mission is to revolutionize the standard of housing construction and affordability with its innovative, technology-based solution to mass-produce homes through advanced manufacturing 1. Boxabl has also signed a deal with the U.S. Department of Defense for an initial order of $9.2 million and announced a partnership with homebuilder D.R. Horton Inc. that includes an order for 100 units and investment in the company 2However, Boxabl is currently under investigation by the Securities and Exchange Commission (SEC) for unconventional marketing of securities offerings and pending lawsuits 3The details of the inquiry are not publicly known, but the regulator has subpoenaed at least two people 3.

I hope this information helps!

Learn more:

  1. finance.yahoo.com 2. boxabl.com 3. therealdeal.com 4. msn.com 5. stock.boxabl.com 6. prnewswire.com

MHProNews has reported on Boxabl in reports like the one linked below.

 

TeslaSpaceXBoringBillionaireElonMuskAmongWorldRichestSellsMansionsMovesInto50KPrefabRVParkMarsPathfinderElonMusk-prefab-BoxablCasitaTinyHomeFactoryBuiltManufacturedHomeLivingNews
https://www.manufacturedhomelivingnews.com/tesla-spacex-boring-companies-ultra-billionaire-elon-musk-among-worlds-richest-men-trades-mansions-for-factory-built-boxabl-casita-prefab-home/

> “News about S2A in U.S.?”

BingsAIchatAnswerImage-MHProNewsI found some news about S2A Modular, a green modular company based in Hemet, California. According to 1, S2A Modular is offering custom and predesigned floor plans with Tesla Powerwall and graphene solar panels for a “net-zero” or “net-positive” house for $165 per square foot. The first units are expected to be out by 2021. In 2, S2A Modular announced that its High-Performance PV GRAF all-black residential solar panels are now available for purchase by other solar companies. Finally, 3 reports that S2A Modular is on course to build 35 “MegaFactories” by 2023.

Is there anything else I can help you with?

Learn more:

  1. biggerpockets.com 2. s2amodular.com 3. news.theregistrysf.com

MHProNews first reported on S2A in the report linked below. Note that while S2A apparently failed to meet its expansion schedule by a wide margin, at least they had chutzpah.

 

FirstElectricSelfSustainingMODnoUtilityBillJohnRowlandPresidentCoFounderS2AmodularLOGOStunningMegaFactoryPlansDozensFactoryBuiltHousingBuildingCentersMHProNews
https://www.manufacturedhomepronews.com/first-electrically-self-sustaining-theres-no-utility-bill-s2a-stunning-megafactory-plans-dozens-of-factory-built-housin/

 

In a follow up inquiry by this writer for MHProNews Bing AI said this.

> “According to the Waco Tribune-Herald, the article titled “Texas S2A ‘megafactory’ site leaves doubts with no progress” reports that the construction of S2A Modular’s “MegaFactory” in Texas has not made any progress, leaving many people skeptical about the company’s ability to deliver on its promises.”

BingsAIchatAnswerImage-MHProNewsAccording to the Waco Tribune-Herald, the article titled “Texas S2A ‘megafactory’ site leaves doubts with no progress” reports that the construction of S2A Modular’s “MegaFactory” in Texas has not made any progress, leaving many people skeptical about the company’s ability to deliver on its promises.” …

> “What’s the news on factory-builder Plant Prefab?”

BingsAIchatAnswerImage-MHProNewsI found some news about Plant Prefab, a California-based company that specializes in prefabricated custom homes. According to 1, Plant Prefab has secured $42 million in funding to expand its capacity and increase multi-unit housing production. The company is expected to deliver up to 900,000 square feet of “extremely sustainable” and “extremely healthy” housing per year 1In addition, Plant Prefab has opened a second factory in Ontario, California, and is constructing a third factory, which is set to open in 2022 2.

Is there anything else I can help you with?

Learn more:

  1. techcrunch.com2. plantprefab.com3. plantprefab.com4. plantprefab.com5. plantprefab.com6. plantprefab.com

 

MHProNews reported on Plant Prefab on February 18, 2019.

 

DetailsEmergePlantPrefabDailyBusinessNewsMHproNews-575x302
https://www.manufacturedhomepronews.com/details-emerging-on-amazons-plans-for-plant-prefab-modular-home-investment/

 

> “What has been the market for accessory dwelling units in California before and since statewide preemption went into effect?”

BingsAIchatAnswerImage-MHProNewsI searched the web and found some information about Accessory Dwelling Units (ADUs) in California. According to a report by the Terner Center for Housing Innovation at UC Berkeley 1, the construction of ADUs by private homeowners is one of the innovative strategies for creating new housing units for all income levels in California. The report highlights that large-scale construction of new market-rate and affordable homes is needed to alleviate demand-driven rent increases and displace many homeowners. The report also states that the number of ADU permits granted in California increased greatly following the 2019 reforms, and between 2019 and 2022, the number of ADUs permitted grew 88% 2.

However, I could not find any specific information on the market for ADUs in California before and after statewide preemption went into effect.

Is there anything else I can help you with?

The ADU topic is arguably VERY significant to manufactured housing for a variety of reasons. Those have been explored in reports liked those linked below.

 

WhatIsAnAccessoryDwellingUnitADU-orDetachedAccessoryDwellingUnitDADUtheRoleofADUsinEasingAmerica’sHousingCrisisByEmilyHamiltonExaminedMHProNews
https://www.manufacturedhomepronews.com/what-is-an-accessory-dwelling-unit-adu-or-a-detached-accessory-dwelling-unit-dadu-the-role-of-adus-in-easing-americas-housing-crisis-by-emily-hamilton-examined-plus-mhville-market-upda/

Note: to expand this image below to a larger or full size, see the instructions

below the graphic below or click the image and follow the prompts.

 

BloombergCityLabNationalHousingConferenceLogoAccessoryDwellingUnitADUProductionSurgesPreemptionCAManufacturedHousingImprovementAct2000EnhancedPremption
https://www.manufacturedhomepronews.com/manufactured-housing-institute-mhi-reviewing-biden-housing-plan-mhi-coalition-partner-national-housing-conference-exposes-mhi-claimed-manufactured-housing-leader/ and  https://www.manufacturedhomepronews.com/what-is-an-accessory-dwelling-unit-adu-or-a-detached-accessory-dwelling-unit-dadu-the-role-of-adus-in-easing-americas-housing-crisis-by-emily-hamilton-examined-plus-mhville-market-upda/ MHProNews Note 1: depending on your browser or device, many images in this report can be clicked to expand. or 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. 

 

Note: featured images generated for MHProNews in part by Dall-E. Note 2: Bing AI has added an interesting disclaimer in small type: “Bing is powered by AI, so surprises and mistakes are possible.” That disclosure by Bing confirms MHProNews’ analysis on that topic.

Part II – Additional Information with More MHProNews Analysis and Commentary

It required a follow up prompting by this writer for MHProNews, but Bing AI got it right on the second try when asked about Minneapolis Federal Reserve senior economist, and National Bureau of Economic Research (NBER) professional James A. “Jim” Schmitz Jr. Per left-leaning Wikipedia: The National Bureau of Economic Research is an American private nonprofit research organization “committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.” Here was the first of two inquiries related to this topic.

> “Provide some pull quotes by the Minneapolis Federal Reserve’s James Schmitz on affordable housing must be made in a factory?”

BingsAIchatAnswerImage-MHProNewsJames Schmitz, a senior researcher at the Minneapolis Federal Reserve, has been advocating for the use of factory-built housing to address the affordable housing crisis. In a presentation, he stated that “The labor time in a factory-built dwelling unit is only a fraction of what is required to construct a similar unit on-site. That’s why we must look at factory-built housing” 12.

I couldn’t find any direct quotes by James Schmitz on the topic of affordable housing being made in a factory. However, the Minneapolis Federal Reserve has released a dashboard to monitor the effects of zoning reforms on housing affordability in Minneapolis 3The Minneapolis Fed expects that the results will inform policymakers in Minneapolis and also in other cities and regions across the Ninth Federal Reserve District and nation that are considering similar efforts to reform zoning in the interests of expanding housing affordability 3.

I hope this helps!

Learn more:

Note that MHProNews (see #2 above) was the second result on this search, and among the top results among standard Bing searches too.  The follow up inquiry, because Bing AI missed it the first time in the above, was as follows.  Note that in the above and below, the phrase by Schmitz was used, but there was no prompt for a specific website.

> “Didn’t Schmitz say affordable homes for low income families must produce in a factory?”

BingsAIchatAnswerImage-MHProNewsI apologize for the confusion in my previous response. James Schmitz, a senior researcher at the Minneapolis Federal Reserve, has indeed been advocating for the use of factory-built housing to address the affordable housing crisis. In a university presentation, he stated that “Affordable Homes for Lower Income Americans Must Be Produced in a Factory” 123.

I hope this helps!

In that university presentation by Schmitz said: “It took me years and years to unravel the sabotage [of manufactured homes and factory-built housing] I have found.”  There is “Absolutely no way I could have done so without the help of those in [the] construction industry producing factory homes,” it went on to say. A source with knowledge said there is implicit thanks to this writer for MHProNews, along with other researchers and professionals involved in MHVille and the housing construction field for the insights that continue fueling he and his colleagues’ research.

That research helps explain the manufactured home, modular housing, and factory-built housing industry’s 21st century underperformance.  But first, let’s pivot back to what Crunchbase noted above, because they made a valuable point worthy of the interest of investors, affordable housing advocates, and a range of professionals as well as taxpayers and other stakeholders.

“In an interview last year, Veev CEO Amit Haller told Crunchbase News that the goal of more affordable housing will require building at scale. In a more ideal world, he envisioned that building homes would be more like churning out iPhones. The resultant product would be available at mass scale and of high enough quality to appeal to consumers of all means. But this presents a sort of chicken-and-egg dilemma. It’s tough to make affordable housing without scale. And it’s difficult to scale something that people can’t initially afford to buy.”

To more fully appreciate what Haller told Crunchbase, note that Investopedia explained that: “What Does “Scale” Mean in Business? … To scale—or scale up—a business means growing it in such a way that its revenues increasingly outpace its costs.”

“In business, the definition of “scale” is to increase revenue at a faster rate than costs. Businesses achieve this in a number of ways, from adopting new technologies to finding “gaps” in their operations that can be streamlined.” So said TonyRobbins.com.

The import of Haller’s remarks is that if the volume of home sales are too low, then the cost per unit will necessarily be higher to keep from selling at a loss (or to reduce the loss per unit). Meaning, there would need to be several things in place for many factory-builders to be profitable.

One of those things that are needed would be distribution channels. If a builder or builder/developer might be interested in a factory’s product, they would naturally want to see a prototype.  Until they see a prototype, they may not commit to the product. That is “the sort of chicken-and-egg dilemma.”

In the survey above, notice that there have been some firms that have survived their initial startup period. Others, like Veev, have closed down despite hundreds of millions of dollars being invested. A production center is needed. Hiring and training a staff is needed. The necessary components and raw materials are needed. Building inspections that will satisfy this or that zoning department are needed. These are all among the potential hurdles that a start up in a non-HUD Code manufactured housing producer would likely face.

But investing in an existing or properly organized start-up in HUD Code manufactured housing, some hurdles are mitigated. How so? Let’s look.

By definition, HUD Code manufactured homes are built to federal standards which are preemptive of local or state mandates. There is at least in theory no need for inspectors from various jurisdictions to come to the plant, because that process has been simplified by HUD which has contracted that third-party inspection process out. Much of what is needed could be pre-arranged.

To illustrate, this question was put to Bing AI.

> “HUD uses third-party inspectors for HUD Code manufactured housing, isn’t that correct? Give some details on that process which explains how it simplifies construction inspections.”

Next, it is possible to begin the process of establishing distribution with HUD Code manufactured homes prior to the start of production. Why is that so? Precisely because HUD certification and inspections are involved.  Consumer protections are built into the HUD Code manufactured home process. Especially since the Manufactured Housing Improvement Act of 2000 (MHIA), even installation is better regulated than in the decades since the HUD Code went into effect on June 15, 1976.  To illustrate, consider the following.

> “Bing, is it fair to say that consumer protections are built into the HUD Code manufactured home process? Isn’t that especially since the Manufactured Housing Improvement Act of 2000 (MHIA), even installation is better regulated than in the decades since the HUD Code went into effect on June 15, 1976? Please elaborate.”

For decades prior to the MHIA, manufactured homes were generally sold through three distribution channels.

(1) Street retailers (a.k.a. “home centers” or “dealers”).

(2) Manufactured home land-lease communities (a.k.a. often errantly called “mobile home parks” or worse, “trailer parks”).

(3) Developers that sold land-home packages.

Bing AI aptly confirmed these points: “Yes, that is correct…”

 

While the numbers of manufactured home retailers and communities has been dramatically cut in the 21st century, nevertheless, other than Hawaii, Puerto Rico and to a lesser extent Alaska, retail distribution has existed for decades for HUD Code manufactured housing.

Not to give away too many insider secrets, but a variety of ways could be utilized to speed the process of being a new start-up in manufactured housing being market-ready that may ease the costs pre-launch.

So, in comparison to the hurdles faced by the firms named herein above, or others like them who decided to invest in affordable housing construction using factory-building, it should be apparent that it would be wise to consider the multiple possible advantages of going with a HUD Code manufactured home certified building center.

 

More Evidence…

To further illustrate the point, consider the following. The recent deal by Skyline Champion (SKY) to acquire Regional Homes revealed several factors in the process. Regional Homes, per a Skyline Champion’s (SKY) investor relations pitch-deck in 2023, launched in 2006. So, in under 17 years, Regional Homes established one of the largest network of vertically integrated production and sales centers in the U.S.

Regional was also, according to Skyline Champion, the #4 builder of HUD Code manufactured homes.  Put differently, from start up to one of the largest in the country was accomplished in a relatively short time frame. Odds are good that this was accomplished by Regional with less funding than several of the non-HUD Code factory-building start-ups named in Part I above.

 

Note: to expand this image below to a larger or full size, see the instructions

below the graphic below or click the image and follow the prompts.

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.

 

Next by way of example. As our periodic review of ‘most read’ reports reveals, a perennial top read article on MHProNews is the one about Rollohome linked below.

While some contemporary factory-builders think that the original news source that supplied some of the details used in that report erred on some facts, either way, Rollohome was a notable success story in the mobile home era.

> “What can you tell me about the history of mobile home builder Rollohome?”

Rollohome was started by Elmer Frey in his family barn as a one-time trailer sale. Soon he and his brothers Roland, Harold and Norman and his brother-in-law John Bertschie, began large scale operations in the sale and production of mobile homes. By 1950, Rollohome, was the city’s fastest growing business and within two years had sold more than 60,000 units. The Freys pushed the lengths to over 40 feet and several state laws pertaining to trailer length and width were changed. They also donated one trailer to the State Historical Society as a traveling museum. The original plant was located between East Ives and East Upham streets to the north and south and between North Central and North Peach avenues to the east and west. Today this area is occupied by the Marshfield Mall, Central City Credit Union, McDonald’s and the Comfort Inn 1.

I hope this helps!

As historians like to say, anything that has happened before can happen again. If a start up like Rollohome can be achieved during the mobile home era, it stands to reason that it could be done today too.
Since MHProNews doesn’t require a login to access our website’s articles, it isn’t entirely clear why the Rollohome article is so popular. Could it be that investors considering opening a manufactured home production center are reading it for insights and inspiration? Perhaps. Could it be that current manufactured home builders and other professionals are reading it for insights and inspiration? For a variety of reasons, of that there is virtually no doubt.
Big Names, Big Bucks into MHVille

> “Various aspects of factory home building and manufactured housing has attracted some of the largest corporate names and wealthiest investors in the U.S., isn’t that correct? Warren Buffett, Sam Zell, Elon Musk, BlackRock, Amazon, The Carlyle Group, and others are among those who have invested in some aspect of manufactured housing and/or factory built housing, isn’t that correct?”

 

BingsAIchatAnswerImage-MHProNewsYes, that is correct. The manufactured housing industry has been on an upward trajectory in the past decade, and an increasing number of institutional investors and owner-operators have been diving into the segment 1Some of the largest corporate names and wealthiest investors in the U.S., such as Warren Buffett, Sam Zell, Elon Musk, BlackRock, Amazon, The Carlyle Group, and others, have invested in some aspect of manufactured housing and/or factory-built housing 123… ”

But for those who are really keen on knowing the facts before diving in, what must be understood is why manufactured housing is underperforming despite an affordable housing crisis. Because the problem for our manufactured home industry isn’t the ability to scale. The challenge for manufactured housing isn’t consumer protections, because the HUD Code provides that assurance.  The challenges in our industry is arguably more about understanding the nature of the marketplace and what Schmitz said about ‘sabotaging monopolies’ have done to hamper it, from inside and outside of the industry.
This is why understanding third-party researchers such a Schmitz and Samuel “Sam” Strommen, J.D., are potentially so valuable to both industry insiders looking for organic growth and outsiders pondering getting into the affordable housing market.

> “Scan the web and tell me who in the manufactured housing industry has reported on the research by James A. Schmitz Jr. and/or Samuel “Sam” Strommen which sheds light on the question of manufactured housing industry underperformance during an affordable housing crisis?”

BingsAIchatAnswerImage-MHProNewsI found a few articles that might be of interest to you. According to a press release by MHLivingNews.comSamuel “Sam” Strommen has conducted legal research on the monopolization of the American manufactured home industry and the formation of REITs, alleging evidence of “felony” “antitrust” and RICO creating “human suffering” 1.

Another article by Manufactured Home Pro News mentions that James A. “Jim” Schmitz Jr. and his research colleagues have shed light on the issue of manufactured housing industry underperformance during an affordable housing crisis 2.

Finally, EIN Presswire reports that 4 attorneys and 2 analysts have conducted research on the manufactured home industry and the Manufactured Housing Institute Performance Spotlight. The research reveals why the manufactured homes industry is underperforming during an affordable housing crisis. The report includes insights from Samuel StrommenFran QuigleyAndrew Justus, and Daniel R. Mandelker 3.

I hope this information helps!

Restated, Bing AI didn’t mention the Manufactured Housing Institute (MHI), nor MHI affiliated bloggers, publishers, or state associations. It did mention MHProNews and MHLivingNews, not only because we have constituently shed light on the root causes of manufactured housing underperformance in the 21st century, despite what might politely be called industry politics.
But it isn’t just MHProNews that has questioned why the manufactured housing industry is underperforming by historic measures.  So too did stock analyst Greg Palm when he questioned MHI member Cavco Industries last May on the topic.
That said, despite ‘underperformance by historic measures, it is safe to say that none of the new builders is achieving anything like the scale that manufactured housing has done for decades.  Put differently, there is a track record for manufactured housing.  Once the regulatory and legal benefits and hurdles are understood, the road to a safer investment that can produce healthy returns become ever-more apparent. While others factory builders (like those named herein above) may count some who achieved production in the hundreds, or perhaps some in the thousands, manufactured housing has been produced millions of units since the HUD Code was launched. That is and affordability are doubtlessly among the reasons why Schmitz said affordable homes for lower income families must produce in a factory.

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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.

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ManufacturedHousingProductionInfographic1960to21stCenturyIncludingBerkshireHathawayClaytonHomesEraJamesJimSchmitzJrSamuelSamStrommenManufacturedHomeProNewsMHProNewsSkylineChampLogo
Ironically, Skyline Champion’s own investor pitch-deck provides ample evidence for manufactured housing industry underperformance.  Notice: Several of the illustrations shown in this report can be opened in many browsers to reveal a larger size. To open this picture, click the image once. When the window opens, click it again to reveal the larger size photo. Use your browsers back key to return to the article. https://www.manufacturedhomepronews.com/masthead/true-tale-of-four-attorneys-research-into-manufactured-housing-what-they-reveal-about-why-manufactured-homes-are-underperforming-during-an-affordable-housing-crisis-facts-and-analysis/
What Some Investors Willing to Buck the System Might Achieve in Manufactured Housing
What this introductory article reveals for those with the eyes to see is that factory-building has attracted some of the biggest names in the U.S. are seeing the potential for factory-built housing and have placed large bets in the sector. Among them are those who invested specifically in the manufactured housing industry.
The industry is capable of producing 500,000 or more new homes, given the correct vision and commitments. Who said? Ironically, how about Richard “Dick” Jennison for the Manufactured Housing Institute (MHI)?
RichardDickJennisonQuoteManufacturedHousingInsituteLOGOMHILogoCEORichardDickJennisonPICWhyNot500000HalfMillionNewManufacturedHomesAnnuallyWeCanGetThereQuoteMHProNews1
Still and quote are from the video posted on this page. https://www.manufacturedhomepronews.com/we-need-to-remove-the-shackles-on-our-industry-mhi-ceos-historic-call-for-cfpb-feds-to-unleash-manufactured-home-industry-growth-via-more-lending-marty-lavin-in/

 

Few know the industry from the trenches in the industry, from the reporting, and thought leadership process as the leadership of this platform can factually claim. Who says? Some of supporters as well as our critics. Third-party researchers looking in have said similarly. So, when it comes to authentic insights into manufactured housing that isn’t purely self-serving or often obscured-agenda driven, there are good reasons why such a wide range of professionals, public officials, attorneys, and others turn to MHProNews. We are true believers who are willing to call out the scoundrels, identify the roadblocks, and point to the tremendous potential too. ##

 

PraiseofLATonyKovachManufacturedHomeProNewsFromOutsideReseachersDuluthU-SamuelStrommenMHProNews
Note: the CFPB, the National Association of Realtor’s Scholastica “Gay” Cororaton, Dr. Lisa Tyler in her doctoral thesis on manufactured housing, and a range of others inside and beyond manufactured housing are among those who have cited our work and/or this writer by name.

U.S.HousingMarketSummedUpInFiveChartsNBCNewsTeesUpConventionalHousingDataForEasyComparisonsToManufacturedHousingMarketPlusSundayWeeklyMHVilleHeadlinesReviewMHProNews
https://www.manufacturedhomepronews.com/u-s-housing-market-summed-up-in-five-charts-nbc-news-tees-up-conventional-housing-data-for-easy-comparisons-to-manufactured-housing-market-plus-sunday-weekly-mhville-head/

 

ExpandingHousingChoiceThroughInvestmentsInInnovationAndTechnologyReginaGrayHUDDirectorAffordableHousingResearchAndTechnologyDivisionOnManufacturedHousingPlusMHMarketsMHProNews
https://www.manufacturedhomepronews.com/expanding-housing-choice-through-investments-in-innovation-and-technology-regina-gray-hud-director-affordable-housing-research-and-technology-division-on-manufactured-housing-plus-m/
HUDSecretaryBenCarsonAffordableHousingSupplyDemandCostSavingsFHFAAppreciationSustainableOwnership5000renters200000OwnersQuotesMHProNews
Then HUD Secretary Ben Carson, M.D., quote is from the official comments as prepared, per the HUD website, on May 7, 2019. So, keep in mind that those costs per square foot for conventional housing and manufactured homes have risen since then. But the savings rate is about the same.
‘If We Keep Doing What We’ve Been Doing We Will Keep Getting What We Got!” – MHIdea-Post-Production Trade Association(s) Status – MHI, MHARR, NAMHCO, Other Examples Considered – Full Transcript plus Analysis
https://www.manufacturedhomepronews.com/masthead/if-we-keep-doing-what-weve-been-doing-we-will-keep-getting-what-we-got-mhidea-post-production-trade-associations-status-mhi-mharr-namhco-other-examples-considered/

Part III – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.

The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

 

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

 

Headlines from left-of-center CNN Business – from the morning of 12.6.2023

  • Woman who threw bowl of food at Chipotle worker sentenced to work 2 months in fast food job
  • McDonald’s third-quarter earnings surpassed Wall Street analyst’s expectations, growing 8.8% in global same-store sales and 8.1% in U.S. same-store sales.
  • McDonald’s CEO: Bigger burgers are coming
  • Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Nov. 28, 2023.
  • Harvard, Penn and MIT presidents under fire over ‘despicable’ testimony on antisemitism and genocide
  • Bank CEOs warn about a looming recession
  • An oil pumpjack is seen near a field of wind turbines on October 04, 2023 in Nolan, Texas.
  • Here’s why gas could drop below $3
  • A man walks through the newsroom in the Washington Post’s new building March 3, 2016 in Washington, DC. A view of the Washington Post’s new building March 3, 2016 in Washington, DC.
  • The Washington Post braces for historic 24-hour strike as journalists protest staff cuts and contract frustrations
  • Americans ramp up holiday spending plans even as they give the economy low marks
  • Here’s where the minimum wage will increase next year
  • In this photo illustration, the welcome screen for the OpenAI “ChatGPT” app is displayed on a laptop screen on February 03, 2023 in London, England.
  • Wikipedia releases its top 25 most-viewed pages of 2023
  • Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Allianz Parque on November 24, 2023 in Sao Paulo, Brazil.
  • Taylor Swift named Time’s ‘Person of the Year’
  • Jack Daniel needs a drink: Whiskey sales are falling
  • Google launches Gemini, its most-advanced AI model yet, as it races to compete with ChatGPT
  • Germany’s stock market just hit a new record high despite a faltering economy. What gives?
  • Hollywood actors union ratifies new contract with studios
  • Elon Musk seeking to raise $1 billion for his xAI firm
  • Americans bought more than a million electric vehicles this year
  • The cost of living: How have high prices for homes, childcare and cars impacted you?
  • Don’t count on bitcoin, gold or the Fed
  • Taylor Swift and Lionel Messi dominated ticket sales in 2023
  • McCormick predicts this flavor will dominate menus in 2024
  • Europe’s leading tour company could quit the London Stock Exchange
  • The TV bundle is poised to make a big comeback in the streaming era
  • British American Tobacco wipes $31.5 billion off value of US cigarette brands

 

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