Stating the obvious can be a potent method for bringing clarity to an issue. When finding housing under $200,000 has become quote – “a myth” – manufactured housing ought to be soaring to all time highs. Was that mentioned by the Manufactured Housing Institute (MHI) in their latest emailed “news” dated Wednesday, November 30, 2022? No. Did MHI announce the long awaited national educational and image building campaign that has been discussed for over 17 years? No. Did MHI announce the launch of litigation to stop the approaching Department of Energy (DOE) manufactured housing energy standards that MHI claims they want to stop? See for yourself what MHI did and didn’t say in their 11.30.2022 emailed news update that follows. Their ‘news’ will be briefly unpacked by a focused fact check and analysis of the Monopolistic Housing Institute, err, Machiavellian Housing Institute, oops, Manipulative Housing Institute or what they prefer being called, the Manufactured Housing Institute (ugh).
The Daily Business News on MHProNews left-right headlines recap and MHVille market report on industry connected equities makes up the third and final segment of today’s post.
As someone ponders the following, recall that earlier this year a media probe was conducted on this question: how much might manufactured housing stocks drop if a serious antitrust effort were launched? It is relevant in this context and ICYMI or to refresh a reader’s recall, that report and analysis is linked below. The headline mention in this report on gaslighting is connected to the second linked report below.
Against that evidence-based backdrop, is the following according to MHI (Monopolistic Housing Institute, Machiavellian Housing Institute, Manipulative Housing Institute, or Manufactured Housing Institute – take your pick) are the following ‘news’ items. Note that their most recent ‘news’ item in their latest email is dated 11.17.2022, almost two weeks old (yawn, how long does it take a dozen or so MHI staffers to actually assemble this puny ‘news’ list?). Are they partying at MHI? What are they doing with all of their MHI time?
Highlighting in the MHI 11.30.2022 ‘news’ that is in yellow or aqua below are added by MHProNews. Those may get special attention in what follows. As a reminder, quoting MHI should not be misconstrued as MHProNews in any way endorsing MHI.
… other items in the 11.30.2022 MHI ‘news’ included plugs for MHI profit centers in ‘education’ and ‘meetings.’ Those need not be dignified in the slightest by showing them on this MHProNews periodic Friday Follies post. That said, it is folly to think that MHI can ‘teach’ the industry anything about growing the industry when their obviously failed CrossMods initiative, among other MHI ‘efforts,’ turned out to be such a DUD that landed with a THUD.
LOL Funny, If MHI’s Report Weren’t So Pathetic – Additional Information with More MHProNews Analysis and Commentary in Brief
In reverse order from MHI’s ‘news’ are the following observations.
- A) For years, MHProNews would periodically report the loss of some industry professional, so, MHI apparently decided it was a good idea to follow that lead, perhaps to burnish their tarnished image? That said, the loss of Brad Morgan may be the only actual news among their items above.
- B) The Flagship Communities item by MHI is perhaps a case of putting lipstick on a pig. MHProNews recently unpacked the facts behind Flagship. Perhaps Nathan Smith, a past MHI chair who is still active with several MHI/NCC/PAC activities, likely didn’t value the facts revealed below, so it was time to ‘gaslight.’ So, so, sorry that Smith and his colleagues feelings may have been bruised, but far more important are the points that Flagship’s residents should be properly treated, and that current or potential Flagship investors realize legally problematic areas in their manufactured home community consolidation scheme.
- C) “MHI Supports Mortgage Insurance Tax Deduction Permanency” is an example of MHI providing more benefits to their ‘housing coalition partners’ on an issue that is more important for conventional housing than it is for the majority of manufacutred home customers in recent years. Note too that this MHI ‘news’ item is also some 2 weeks old. That noted, where is that housing coalition letter asking HUD to properly enforce the Manufactured Housing Improvement Act (MHIA) of 2000’s “enhanced preemption” provision? Is MHI just lazy? Or is MHI just engaging in a slow-motion con game designed to keep the manufactured housing industry underperforming so consolidators poach and profit which explains why they posture efforts that don’t get pro-manufactured housing existing federal laws enforced?
- D) Might be the oddly funniest example of MHI news. “FHFA Announces Increases in Conforming Loan Limit Values for 2023” ends with this line. MHI ends the item by mentioning a point that MHProNews, as well as the Manufactured Housing Association for Regulatory Reform (MHARR), has brought up several times in recent years. “MHI will continue advocating for Fannie Mae and Freddie Mac to do more for manufactured housing financing, pursuant to their Duty to Serve [DTS] the manufactured housing market.” That’s backhanded admission that MHI is not doing their job successfully. MHI claims to want to FHFA, Fannie Mae, and Freddie Mac to act on DTS. In this case MHI ironically demonstrated the points made in the reports linked below.
- E) MHI again admits in their closing line just how pathetic and ineffective their self-proclaimed ‘advocacy’ is in practical terms. Under “FHA Releases Annual Updates, Including for the Office of Manufactured Housing” they end their item with this admission: “However, the program needs significant updating, and in 2021 only insured financing for five personal property loans.” Under MHI’s self-proclaimed ‘leadership’ on behalf of the post-production “all segments” of manufactured housing, the FHA Title I’ program did a whopping 5 loans, per their own admission. It’s colossal embarrassment now hiding in plain sight. Equally embarrassing, but perhaps foreboding, is their ongoing attempt to tout the market-failed Clayton-backed CrossModTM Homes program. Note MHI doesn’t mention the total numbers of CrossMods sold to date. Why not? Perhaps because they are so embarrassingly low that it belied their own so-called research from the timeframe when MHI made it sound like this was going to be a hot ticket. Apparently consumers would rather by a residential style manufactured home than a far more costly CrossMod? Let’s not forget to mention the folly of linking HUD comments uncritically by MHI. If you can’t trust MHI, why should someone trust HUD reports to Congress?
- F) We did this in reverse order so that the “F” would be used for MHI’s first item, the approaching DOE energy rule. Because that F is the grade the Machiavellian Housing Institute should get for their so-called advocacy. MHI’s program appears to be straight out of George Orwell’s fictional dystopian novel 1984, where war is peace, freedom is slavery, and ignorance is strength. Even their phrasing belies MHI’s actual desire for this rule, perhaps precisely because it will dampen mainstream manufactured housing sales. One must look at who owns what in MHI’s world. Buffett’s Berkshire owns far more interests in conventional housing than it does in manufactured housing. Ditto some of the other private equity giants involved in manufactured homes and in conventional housing.
There you have it. Reading MHI news can be mildly amusing to the properly informed. It can be entertaining to imagine how much MHI staffers drink to get through their day as they posture and pretend to be advocating for “all segments” of manufactured housing.
It can even be enlightening to read MHI ‘news’ as a case study in gaslighting, con jobs, and good old-fashioned propaganda.
But other than the R.I.P above, reading much of ‘MHI news’ as if it were serious ‘news’ generated from a dozen or so MHI staffers who must be either dupped themselves and/or who are laughing every day at those who seriously buy their (pronounce this as if it were a French word) garbage would obviously be folly.
Will 2023 bring investigations by public officials into MHI’s and their corporate masters’ various activities? Stay tuned…
...that’s a wrap for this installment of Friday Follies in MHVille.
Daily Business News on MHProNews Markets Segment
The modifications of our prior Daily Business News on MHProNews recap of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
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 evening of 12.1.2022
- Prices at the pump plunge
- A gasoline nozzle pumps gas into a vehicle in Los Angeles, California on August 23, 2022. – US shoppers are facing increasingly high prices on everyday goods and services as inflation continues to surge with high prices for groceries, gasoline and housing.
- US gas is cheaper now than it was before Russia invaded Ukraine
- Why Mark Zandi says the US economy will narrowly avoid a recession
- Sam Bankman-Fried says he ‘got a little cocky’ before FTX collapsed
- Powell revives hopes of a Fed pivot. That’s a bad thing
- The Fed’s favorite inflation measure cooled in October
- Mortgage rates fall for the third week in a row as inflation fears ease
- This discount chain is lowering prices
- What to expect from Friday’s jobs report
- Railroad workers aren’t the only Americans without paid sick days
- Pepsi wants you to drink soda mixed with milk
- Yellen to Colbert: ‘I practiced and I practiced’ signature for US currency
- Binance still has big growth plans despite crypto market meltdown
- Content by The Ascent
- It’s official: now avoid credit card interest into 2024
- Elon Musk vs. Tim Cook, Sam Bankman-Fried’s media apology tour, and why shopping on Amazon is getting worse
- A “Drive-Thru” lane at a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Wednesday, Oct. 20, 2021.
- McDonald’s is testing a drive-thru of the future
- To make money, don’t fall prey to these 4 investing biases
- Bank of America CEO predicts two years of pain in the housing market
- Mortgage giants raise loan limits to a record level
- Mortgage rates fall for the second week in a row
- It’s a terrible time to buy a house
- This company will make your home greener for free
- A shopper visits Albertsons at 3901 Crenshaw Blvd on Friday, Oct. 14, 2022 in Los Angeles, CA.
- There’s a big problem with the Kroger-Albertsons supermarket merger
- Here’s what’s getting more expensive at the grocery store
- Wealthier shoppers turn to Walmart for groceries
- Why grocers stop selling your favorite food
- This food favorite is getting cheaper
- WHAT TO WATCH
- A deepfaked Mark Zuckerberg thank Congress for tech legislation inaction
- Watch ‘The Monopoly Man’ transform into deepfaked Mark Zuckerberg
- A traveler walks along a moving walkway between terminals at Logan International Airport in Boston, the day before Thanksgiving, Wednesday, Nov. 23, 2022.
- Trivago CEO: Travel costs are up. Here’s how vacationers are reacting
- Richard Branson on the risk of starting a new airline in the ’70s
- Bank of America CEO predicts ‘mild recession’ next year
- Watch ‘The View’ hosts scramble to turn off phone’s ring tone live on air
- Residential homes in Teaneck, New Jersey, US, on Thursday, Nov. 24, 2022.
- Mortgage rates fall for the third week in a row as inflation fears ease
- To make money, avoid these common mistakes
- A worker walks along tracks at a BNSF rail yard Sept. 14, 2022, in Kansas City.
- Railroad workers aren’t the only Americans without paid sick days
- Aerial drone view of American suburban neighborhood at daytime. Establishing shot of America's Residential single family houses pattern, trees, street
- Mortgage giants raise loan limits to a record level for 2023
- Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference.
- Elon Musk’s Neuralink shows brain implant prototype and robotic surgeon during recruiting event
- Bret Taylor, co-chief executive officer of SalesForce.com Inc., at the Viva Technology Conference in Paris, France, on Wednesday, June 15, 2022. The conference, also known as VivaTech, runs though to June 18. Photographer: Nathan Laine/Bloomberg
- Salesforce Co-CEO Bret Taylor steps down, leaving Marc Benioff alone at the top
- Twitter must comply with Europe’s platform rules, EU digital chief warns Musk in virtual meeting
- Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. The New York Times held its first in person DealBook Summit since the start of the coronavirus (COVID-19) pandemic with speakers from the worlds of financial services, technology, consumer goods, private investment, venture capital, banking, media, public relations, policy, government, and academia.
- Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside
- Malcolm Gladwell: Paul Simon more historically relevant than The Rolling Stones
- People walk by the world headquarters for CNN on March 15, 2022 in Atlanta, Georgia.
- CNN begins layoffs amid economic uncertainty, cost-cutting pressures from parent company
- Drake gifts DJ Khaled four ‘amazing’ toilet bowls
- Disney Executive Chairman Bob Iger attends the Exclusive 100-Minute Sneak Peek of Peter Jackson’s The Beatles: Get Back at El Capitan Theatre on November 18, 2021 in Hollywood, California.
- Bob Iger’s biggest challenge at Disney: Finding the next Bob Iger
Headlines from right-of-center Newsmax 12.1.2022
- Supreme Court Justices Keep Student Loan Cancellation Blocked for Now
- Lewandowski: McCarthy Will Be Next House Speaker
- Texas AG Paxton: FedEx, UPS Gun Policy ‘Suspicious’ | video
- Johnson: Biden Should ‘Laud’ Chinese Protesters | video
- Tuberville: FTX Founder ‘Skirted the Rules’ | video
- Blaine Holt: Israel’s Not Going to Change Its Policy on Ukraine | video
- RNC’s Alvarez: Must Elect Walker to Keep 50-50 Senate | video
- Meuser: Vote to Stop Potential Rail Strike Was Needed | video
- Senate OKs Bill to Avert Rail Strike; Next Stop Is Biden
- The Senate voted Thursday on legislation to help avert a potentially costly rail strike later this month. … [Full Story]
- Ye Praises Nazi, Hitler, in Infowars Interview
- Ye, the rapper and artist formerly known as Kanye West, on Thursday [Full Story]
- Wall Street Ends Mixed in an Uneven Start for December
- Stocks ended mixed after an uneven day of trading and bond yields [Full Story]
- China’s Draconian Lockdowns Are ‘Complete Chaos,’ American Says
- For American expat Sarah Boss, the scariest part of lockdown life in [Full Story] | Platinum Article
- Johnson to Newsmax: Biden Should ‘Laud’ Chinese Protesters |video
- China Set to Loosen COVID Curbs After Week of Historic Protests
- Ukraine: Russia Test Flying Nuclear-Capable Bombers Near Border
- Russian bombers with nuclear capabilities reportedly have been seen [Full Story]
- Zelenskyy: Israel Must Stop Balancing Between Russia, Ukraine
- Ukraine’s President Volodymyr Zelenskyy said he wants Israel to stop [Full Story]
- Blaine Holt to Newsmax: Israel’s Not Going to Change Its Policy on Ukraine |video
- Security Meeting Overshadowed by Russia’s War, Ban on Lavrov
- Russia’s Lavrov: US, NATO Directly Involved in Ukraine Conflict
- EU Seeks UN-Backed Tribunal to Probe Russian War Crimes
- Video Report: Pope Riles With Comments on Ukraine War, Ethnic Minorities
- Ukraine Presses NATO: Past Denial a ‘Strategic Mistake’
- Census Data: Same-Sex Households Now Top a Million
- There were about 1.2 million same-sex households in the U.S. in 2021, [Full Story]
- December Watch: Holidays, Tea, Yachts
- ‘Tis the season to get into the holiday spirit. If the prospect of a [Full Story] | Platinum Article
- Will Pence Shift to Senate Race?
- Hours after the news broke on Wednesday night that Republican Sen. [Full Story]
- Biden: We Can ‘Tweak’ Inflation Act to Include European Countries
- President Joe Biden said that new laws that give incentives for [Full Story]
- Justices Keep Student Loan Cancellation Blocked for Now
- The Supreme Court on Thursday said the Biden administration program [Full Story]
- Emerson Poll: Sen. Warnock, Herschel Walker Virtually Tied
- Despite a huge edge in fundraising reportedly close to a 3-to-1 [Full Story]
- Twitter Offers Advertisers Incentives Up to $1 Million
- Twitter Inc. is offering advertisers incentives to increase their [Full Story]
- Biden Admits Climate Law Has ‘Glitches’ After Macron Criticism
- President Joe Biden on Thursday acknowledged “glitches” in America’s [Full Story]
- Biden Greets Macron Amid Trade Dispute
- Video Report: US Officials Respond to Reported Death of ISIS Leader
- On Thursday’s “Wake Up America,” Newsmax’s Daniel Cohen reports on [Full Story] | video
- Ruddy: What Really Happened on Election Day 2022
- Demographics mean pure and simple that Republicans need to offer [Full Story]
- Tesla’s Image Takes a Hit After Musk’s Twitter Purchase
- Tesla’s brand image has taken a hit following Elon Musk’s purchase of [Full Story]
- CNN Reportedly Duped by Comedian as ‘Herschel Walker Supporter’
- CNN has reportedly been caught using a liberal comedian propagandist [Full Story] | video
- IRS Watchdog: Comey, McCabe Audits Were Random
- An IRS watchdog said Thursday that it “did not identify misconduct” [Full Story]
- Biden’s Counterterrorism Strategy Scrutinized
- In a new report, the country’s largest civil rights organization says [Full Story]
- Video Report: Gov. Ron DeSantis’ Prospects Grow
- On Thursday’s “National Report,” Newsmax Miami correspondentLeonardo [Full Story] | video
- Grassley, Durbin: How Is DHS Curbing Sexual Misconduct in Its Ranks?
- Chuck Grassley, R-Iowa, and Dick Durbin, D-Ill., are urging the [Full Story]
- Sex Offender Border Arrests Up Under Biden
- Sex offender encounters at the southern border have spiked under [Full Story]
- Mortgage Rates Dip 3rd Week in a Row
- The average long-term U.S. mortgage rate ticked down for the third [Full Story]
- Do You Have What it Takes to be NYC’s ‘Bloodthirsty’ Rat Czar?
- New York City is looking for a rat czar – someone to fight back [Full Story]
- Abortion Could Determine Ga. Runoff: NBC News
- The mainstream media is reporting that Tuesday’s U.S. Senate runoff [Full Story]
- Defense Scours Docs for Words That Stigmatize Mental Health
- Defense Department leaders are being instructed to “scour through all [Full Story]
- Terrorism Advisory Issued as Jan. 6 Anniversary Nears
- The Department of Homeland Security warned of possible violence as [Full Story]
- Netflix Chief Calls Musk ‘The Bravest Person on the Planet’
- Lauding Elon Musk’s $44 billion purchase of social media giant [Full Story]
- Poll: DeSantis Leads Biden Among Ga. Voters in 2024 Matchup
- Florida Gov. Ron DeSantis would defeat President Joe Biden in a [Full Story]
- Appeals Court Rejects Biden’s Bid to Revive Student Debt Plan
- A federal appeals court on Wednesday declined to put on hold a Texas [Full Story]
- Inflation May be Peaking, But Its Decline in Doubt
- With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they’ll win the war to whether faster rising prices are here to stay in a supply-constrained world…. [Full Story]
- Senate OKs Bill to Avert Rail Strike; Next Stop Is Biden’s Desk
- Amazon Wants to Widen Appeal of Cashier-less Tech
- Chicago Fed Names Ex-Obama Adviser Goolsbee as President
- Peter Morici: Fed’s Actual Target Rate is 6@, Higher Than It Will Admit
- More Finance
- Alzheimer’s Drug Slows Cognitive Decline in Trial, May Cause Serious Side Effects
- An experimental Alzheimer’s drug from Eisai and Biogen slowed cognitive decline in a closely watched trial but may carry a risk of serious side effects for certain patients, according to detailed data presented on Tuesday. The drug, lecanemab, was associated with a dangerous… [Full Story]
- Manufacturer of Enfamil Formula Expects Shortage Until Spring
- Take Steps Now to Combat the Winter Blues
- CDC to Expand Wastewater Testing for Poliovirus
- Two Veterinary Meds Show Promise Against Bed Bugs
- NOTE 1: The 3rd chart above includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: 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.
- Note 4: some recent or related reports to the equities named above follow.
Manufactured Home Communities (a.k.a. ‘Mobile Home Parks’ – SIC) – Exploring UMH Properties; Fellow Manufactured Housing Institute Member Yes! Communities Suits and Settlements; plus MH Markets Updates
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.