When manufactured housing has been tarnished for so long by so many – and given decades of zoning, financing and other woes – a ‘good news’ report like the fresh research about the value of manufactured homes rising faster than conventional housing ought to have been a lead story for the Manufactured Housing Institute (MHI). But in their recent emailed ‘news’ update on 12.8.2021, MHI said nothing about it.  Meanwhile, the facts and some pull quotes shown below from new third-party research was touted by the National Association of Realtors (NAR) Realtor.com website and some others. MHProNews waited for MHI’s most recent ‘news’ before publishing this report, analysis, and commentary about the LendingTree’s positive research. This report will include relevant related studies not found with Lending Tree or Realtor, as useful as their work is. Restated, this will be another example of why MHProNews has long been and remains the leader in manufactured housing “Industry News, Tips, and Views Pros Can Use.” ©

This will be part one of a planned series on this potentially useful issue with the homebuying public, authentic housing advocates, professionals, and public officials.

Following today’s initial report on the remarkable overall superior gain in value of mobile and manufactured homes outpacing that of conventional housing will be our Daily Business News markets feature, including our time-saving left-right news bullet headlines. For newcomers, manufactured housing connected stock snapshots are part of this time saving and popular business-daily market feature.

That noted, before turning to the key findings and new data from LendingTree, get a sense of how this was amplified by NAR’s Realtor.

Per Jeanette Settembre for Realtor “Millennials Eye the Mobile Home Market Amid Record-High Housing Prices.”

“With home prices surging, many buyers, particularly millennial first-timers, are seeking out more affordable housing. And that means taking another look at alternatives like mobile homes [SIC].

Yes, mobile homes [SIC] often get a bad rap. But their values have been rising faster than single-family homes, according to a recent report from online financial services marketplace LendingTree. These [manufactured] homes have become even more appealing recently as they support the on-the-go, work-from-home lifestyle during the COVID-19 pandemic. …”

Terminology gaffs aside, Realtor’s Settembre has done manufactured housing professionals a favor. One question is, how many will tap into this useful research?

Per LendingTree, the toplines of their research – which some other media outlets have also picked up on and reported – are as follows.

 

Key findings

• Nationally, the median value of a mobile home is $53,300, nearly $190,000 less than the median value of a single-family home. Although they’re worth considerably less, the median value of mobile homes increased by 39% from 2014 to 2019, 6 percentage points more than the 33% increase in the median value of single-family homes in the same period.
• Mobile homes cost the least in Nebraska, Iowa and Ohio. Across these states, the median value of a mobile home is less than $25,000. To put that into perspective, the median value of a single-family home in these states is more than $150,000.
• Mobile homes cost the most in Washington, Oregon and California. Washington is the only state where the median value of a mobile home is higher than $100,000 ($125,400), though Oregon and California are also relatively pricey with median values of $93,500 and $91,400, respectively. Regardless, mobile homes in these states are still considerably less expensive than single-family homes.
• The difference in price between a mobile and single-family home is the largest in California, Massachusetts and Colorado. In these three states, median-priced mobile homes cost $477,100, $343,300 and $337,800 less than median-priced single-family homes. On the other end of the spectrum, the differences in median prices in Mississippi, Arkansas, West Virginia and Oklahoma are less than $90,000.
• The median value of mobile homes rose most significantly over the five years in Nevada, Oregon and California. In these states, median mobile home values increased by an average of 96% from 2014 to 2019. This increase is almost twice as much as the average appreciation of 50% seen in the median value of single-family homes in the same three states.
• Though the median value of mobile homes increased from 2014 to 2019 in nearly every state, it fell in Delaware and Kansas. Respectively, median mobile home values fell by 11% and 7% in each state, while single-family home values increased by 14% and 24%.

 

Full rankings: Median mobile home values by state

 

 

Additional Information, More MHProNews Analysis and Commentary

The Urban Institute, the FHFA, and prior HUD Secretary Ben Carson are among those who previously noted that manufactured housing was appreciating.

The Urban Institute noted that the appreciation was muted somewhat do to fewer financing options for manufactured homes that are often being financed as chattel or “personal property” “home only” lending transactions.

While it is true manufactured homes are limited on their home only lending options, they can be financed land-home too. FHA, VA. USDA (Rural Development) plus various conventional lending options exist.

Despite being hobbled by a lack of personal property lending, a point Kevin Clayton has apparently made with a mix of irony and paltering on behalf of MHI, combine what Lending Tree has reported with the insight from the Urban Institute means that manufactured homes could be appreciating even more than they currently are.

The applied logic of the facts from LendingTree and other sources provided in this report make several things clear. There is apparent harm that has been done to millions of HUD Code manufactured homeowners, those who own pre-HUD Code mobile homes, plus to the tens of millions of Americans who want or need affordable homeownership opportunities is certainly in the billions annually and thus is compounded.

Be it indifference, incompetence, arrogance, or whatever – this latest fail by MHI ironically fits this Buffett quote.

“My successor will need one other particular strength: the ability to fight off the ABCs of business decay, which are arrogance, bureaucracy and complacency,” Buffett said per Business Insider on July 10, 2021. “When these corporate cancers metastasize, even the strongest of companies can falter.” Live Mint reported that same ABCs of corporate cancer quote on 5.35.2015. Of course, the argument can be made that Buffett palters and MHI palters and postures in a manner designed to impress without providing much in the way of tangible results. See the reports linked below to learn more.

 

As Christmas is approaching, let’s quote the Jesus. “Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.” Luke 16:10 (NIV). MHI senior leadership is apparently trusted by their consolidation-focused board members. But if MHI can’t be trusted to grow the mark, or even enforce 2 key laws that they claim to want enforced, how can they be trusted to do bigger things?

Don’t like that troubling interpretation of the facts and evidence regarding MHI’s effectiveness? Please talk to dark lord Buffett and the Lord of Life, Jesus.

##

Next up is our business daily recap of yesterday evening’s market report, related left-right headlines, and manufactured housing connected equities.

The Business Daily Manufactured Home Industry Connected Stock Market Updates.  Plus, Market Moving Left (CNN) – Right (Newsmax) Headlines Snapshot. While the layout of this daily business report has been evolving over time, several elements of the basic concepts used previously are still the same. For instance. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market-moving’ news items.

 

Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

Headlines from left-of-center CNN Business – from the evening of 12.8.2021

• An alarming report
• A person looks at a smart phone with a Instagram logo displayed on the screen, on August 17, 2021, in Arlington, Virginia.
• Instagram offers ‘drug pipeline’ to kids, tech advocacy group claims
• LIVE UPDATES Instagram asked why action on accounts promoting eating disorders was only taken after a CNN report
• Costco is offering a new perk to club members
• Employers are preparing for big pay raises in 2022
• 2022 will mark the end of the pandemic and a full economic recovery, JPMorgan says
• Why Dollar Tree’s price hike to $1.25 could be ‘one of the worst decisions in retail history’
• Elizabeth Holmes’ defense rests its case
• Roku soars on new deal with Google to keep streaming YouTube
• FAA issues aircraft restrictions linked to 5G technology, warns of possible flight diversions
• Hertz is celebrating an epic comeback. Not everyone’s pleased
• Gas prices will tumble below $3 a gallon soon, government forecasts
• 3 Better.com executives resign after CEO lays off 900 over Zoom
• Watch TikTok’s top videos of 2021
• SAN FRANCISCO, CA – SEPTEMBER 14: Nike running shoes are displayed at a DSW store on September 14, 2018 in San Francisco, California. A week after Nike released a “Just Do It” ad campaign that featured controversial former NFL player Colin Kaepernick, the company's stock hit an all-time high at the end of the trading day on Thursday.
• Nike will stop selling sneakers at one of America’s largest shoe chains
• Intel CEO: The best way to fix America’s chip shortage
• Parents of the social media generation are not OK
• WEALTH
• A homeless man is seen lying on the sidewalk in Franca, Sao Paulo, Brazil, on May 3, 2021, amid the Covid-19 pandemic. The year 2021 started with 27 million people (12.8% of the population) in extreme poverty, according to a study by the Getulio Vargas Foundation, in face of the 4.1% drop in GDP (Gross Domestic Product) in 2020. According to data from the Brazilian Institute of Geography and Statistics released on April 30, Brazil has 14.4 million unemployed, 14.4% of the total number of people able to work.
• As millions fell into poverty during the pandemic, billionaires’ wealth soared
• He made a $1B bet on an unproven Covid-19 vaccine
• Baseball’s billionaires and millionaires just can’t get along
• How Musk sold 10M Tesla shares — but increased holdings
• Why inflation can actually be good for everyday Americans and bad for rich people
• THE HOLIDAY SEASON
• A pedestrian carries a bag past holiday decorations outside of Just for Fun & Scribbledoodles store during the coronavirus pandemic in San Francisco, Wednesday, Dec. 23, 2020.
• Here’s how much the gifts from ’12 Days of Christmas’ would cost today
• Small space? Try these holiday decorations
• Kiss those juicy post-holiday clearance sales goodbye
• Mall Santas will be pretty much back to normal this year
• How to find lower prices and avoid empty shelves during the holiday shopping rush
• Newsmax 12.8.2021
• WEALTH
• A homeless man is seen lying on the sidewalk in Franca, Sao Paulo, Brazil, on May 3, 2021, amid the Covid-19 pandemic. The year 2021 started with 27 million people (12.8% of the population) in extreme poverty, according to a study by the Getulio Vargas Foundation, in face of the 4.1% drop in GDP (Gross Domestic Product) in 2020. According to data from the Brazilian Institute of Geography and Statistics released on April 30, Brazil has 14.4 million unemployed, 14.4% of the total number of people able to work.
• As millions fell into poverty during the pandemic, billionaires’ wealth soared
• He made a $1B bet on an unproven Covid-19 vaccine
• Baseball’s billionaires and millionaires just can’t get along
• How Musk sold 10M Tesla shares — but increased holdings
• Why inflation can actually be good for everyday Americans and bad for rich people
• THE HOLIDAY SEASON
• A pedestrian carries a bag past holiday decorations outside of Just for Fun & Scribbledoodles store during the coronavirus pandemic in San Francisco, Wednesday, Dec. 23, 2020.
• Here’s how much the gifts from ’12 Days of Christmas’ would cost today
• Small space? Try these holiday decorations
• Kiss those juicy post-holiday clearance sales goodbye
• Mall Santas will be pretty much back to normal this year
• How to find lower prices and avoid empty shelves during the holiday shopping rush

Headlines from right-of-center Newsmax – evening of 12.8.2021

• John Gizzi Reports Vatican Preps for Conclave, ‘Pope Is Dying,’ Read More
• Trump: McConnell Holding ‘All the Cards,’ Lacks the ‘Guts to Play Them’
• President Donald Trump and Sen. Mitch McConnell in 2017. (Getty)
• Tensions between the ex-president and the erstwhile onetime Senate majority leader continue to brew, as Trump once again derides McConnell for yielding ground to the Democrats. [Full Story]
• Newsmax TV
• Jordan: World’s ‘Bad People’ Pouncing on Biden’s Weakness | video
• Ric Grenell: Putin ‘Knows Exactly Who Joe Biden Is’ | video
• Norman: Biden Offering ‘Empty Rhetoric’ on Russia | video
• Blackburn: Biden’s ‘Wrong’ Foreign Policy a Concern With Ukraine | video
• Dan Meuser: Ukraine Needs Russian Pullback, Not Diplomacy | video
• Braun: ‘Dynamic’ With Russia, China Changed Under Biden | video
• Tenney: NYC Mayor a ‘Tyrant’ With ‘Last-Gasp’ Mandate | video
• More Newsmax TV
• Newsfront
• Biden Wants Russia to Stand Down, but Troops in Ukraine ‘Not on the Table’
• The United States is not considering sending troops to Ukraine,” President Joe Biden told reporters on Wednesday, emphasizing that this option “is not on the table” amid mounting concerns over the possibility of a military invasion by Russia, The Hill reported.The…… [Full Story]
• Meadows Sues Pelosi, Members of House Jan. 6 Committee
• Mark Meadows, President Donald Trump’s chief of staff, is suing House [Full Story]
• Wall St Closes Higher as Vaccine Update Feeds Optimism
• Wall Street closed slightly higher on Wednesday with the three major [Full Story]
• Russia’s Ukraine Invasion Threat Shows Putin ‘Doesn’t Take Biden Seriously’
• As Russian forces mass along Ukraine’s border and the United States [Full Story] | Platinum Article
• Related
• Ukraine Welcomes Biden-Putin Call as Path to Deterrence and De-Escalation
• Can Democracy Still Deliver? Biden Convening Global Summit
• President Joe Biden is convening global leaders Thursday to pledge [Full Story]
• Dershowitz: CNN Fired Chris Cuomo, But He Was the Wrong Person
• Not a single CNN viewer was misled by Chris Cuomo’s activities on [Full Story]
• Related
• Chris Cuomo’s Upcoming Book Pulled by Publisher
• WHO, US Scientists Say Omicron No Worse Than Other Virus Variants
• The Omicron variant appears to be no worse than other coronavirus [Full Story]
• Related
• BioNTech, Pfizer Say Test Shows 3 Doses of Vaccine Neutralize Omicron
• Surgeon General: 25% of Youth Are Depressed as a Result of the Pandemic
• Fauci: When, Not If, Definition of Fully Vaccinated Will Change
• FDA Says It’ll Take 75 Years to Fully Release Pfizer Vaccine Data
• Former FDA Commissioner Gottlieb: 2022 a ‘Transition Year’ for COVID
• FDA Authorizes AstraZeneca’s COVID-19 Antibody Drug
• Taiwan ‘Scorched-Earth’ Strategy Won’t Stop China ‘Unification’ Plans
• A “scorched-Earth” plan outlined in a U.S. Army War College [Full Story] | Platinum Article
• CEO Apologizes for Firing 900 Employees on Zoom Call
• Vishal Garg, the chief executive of mortgage company Better.com, has [Full Story]
• Matt Gaetz: I’ve Talked to Trump About Making Him House Speaker
• Matt Gaetz said Tuesday he had spoken with former President [Full Story]
• Navy: Member of SEAL Team 8 Dies After Training Incident
• A Navy SEAL commander has died from injuries he got during a training [Full Story]
• Perdue Would Not Have Certified Georgia’s Election
• Perdue Would Not Have Certified Georgia’s Election
• Trump-endorsed Georgia gubernatorial candidate David Perdue, the [Full Story]
• American, Delta, United CEOs to Testify Before Senate on COVID-19 Funds
• The chief executives of American Airlines, United Airlines and [Full Story]
• ‘Jeopardy!’ Stays With Hosts Bialik, Jennings for the Season
• Mayim Bialik and Ken Jennings will continue as tag-team hosts of [Full Story]
• Incredible Miniature Telescope Lets You See for Miles
• Smarter Living Daily
• Supreme Court Conservatives Lean Toward More Public Dollars for Religious Schools
• Conservative U.S. Supreme Court justices on Wednesday appeared ready [Full Story]
• Conservatives Tout Defense Policy Bill After House Vote
• Congressional conservatives are celebrating the House’s passing of a [Full Story]
• Manchin Quietly Discussing Changes to Senate Rules With Republicans
• Joe Manchin, a key holdout on fellow Democrats’ aim to change [Full Story]
• Hugh Hewitt Begs Trump Not to Endorse Greitens in Missouri Senate Race
• Conservative talk show host Hugh Hewitt begged former President [Full Story]
• New CBP Leader Facing Stiff Opposition From Immigration Hard-Liners
• Customs and Border Protection Commissioner Chris Magnus, confirmed by [Full Story]
• Jennifer Aniston Says She’s Been ‘Bullied’ for Pro-Vax Stance
• Jennifer Aniston says she has been “bullied” for her pro-vaccine [Full Story]
• 12 US Cities Set Records for Annual Homicides
• At least 12 major U.S. cities already have set annual homicide [Full Story]
• South Dakota’s Noem Rated ‘Best Governor in America’
• South Dakota GOP Gov. Kristi Noem has been ranked “Best Governor in [Full Story]
• Scott Peterson Resentenced to Life Term in Wife’s 2002 Death
• Nearly 17 years after being sentenced to die, Scott Peterson was [Full Story]
• Alec Baldwin Confronts Journalist Questioning ‘Rust’ Shooting
• Alec Baldwin lost his composure and rushed towards a reporter who [Full Story]
• Joining Drag Queens on TV Show Costs Indiana Pastor His Job
• The Rev. Craig Duke has been a Methodist minister for three decades, [Full Story]
• Conservatives Renew Push for Constitutional Convention
• Conservatives aiming to create a balanced-budget amendment and term [Full Story]
• China Condemns US Diplomatic Boycott of Beijing Olympics
• China on Tuesday accused the United States of betraying Olympic [Full Story]
• Poll: Only One-Fifth of Americans Want Biden to Top 2024 Ticket
• Just one-fifth of Americans included in a recent poll say they want [Full Story]
• Suspected Killer of Saudi Journalist Khashoggi Was Identified by Passport, Not Just Name: Source
• A Saudi man held at a Paris airport over suspected links to the [Full Story]
• US Supreme Court Again Tackles Public Funding for Religious Schools
• The U.S. Supreme Court on Wednesday is set to hear a challenge by two [Full Story]
• Meta to Ban All Myanmar-Army Controlled Businesses From Platforms
• Meta Platforms Inc, formerly known as Facebook, said on Wednesday it [Full Story]
• Does Your Car Have Automatic Headlights? You May Have Hit the Jackpot! Read More
• More Newsfront
• Finance
• US Businesses Advertise Near-Record 11 Million Open Jobs
• S. employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand…. [Full Story]
• Oil Execs Rebut Harsh Portrayal on Climate
• FDA Authorizes AstraZeneca’s COVID-19 Antibody Drug
• New York’s Carnegie Hall Launches On-Demand Video Network
• Johnson Imposes COVID-19 ‘Plan B’ in England to Contain Omicron
• More Finance
• Health
• BioNTech, Pfizer Say Test Shows 3 Doses of Vaccine Neutralize Omicron
• BioNTech and Pfizer said on Wednesday laboratory tests show that a three-shot course of their COVID-19 vaccine was shown to generate a neutralizing effect against the new Omicron variant…. [Full Story]
• FDA Authorizes AstraZeneca’s COVID-19 Antibody Drug
• Fauci: When, Not If, Definition of Fully Vaccinated Will Change
• FDA Says It’ll Take 75 Years to Fully Release Pfizer Vaccine Data
• COVID Cases Spike Even as US Reaches Vaccine Milestone

 

Manufactured Housing Industry Investments Connected Equities Closing TickersSome of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

• • • • • • • • • • • • • • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
                          • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
                          • NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of  the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.

 

• 

• 

  

   

  

  • As 2021 draws to a close…Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
    · LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
    · AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
    Enjoy these ‘blast from the past’ comments.MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12th year of serving the industry as the runaway most-read trade media.

    Sample Kudos over the years…

    It is now 11+ years and counting…

    Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.

    · For expert manufactured housing business development or other professional services, click here.
    · To sign up in seconds for our industry leading emailed headline news updates, click here.
    
    Disclosure. MHProNews holds no positions in the stocks in this report.

    

    

    

    

    That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

    

    By L.A. “Tony” Kovach – for MHProNews.
    Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.