SBA, Association Updates on PPP Small Business Loan Tips & Guidance, Treasury Secretary Steven Mnuchin Confirms Billions More Coming, plus Manufactured Home Investing, Stock Updates

DowJones4.07.2020ManufacturedHomeStockUpdatesBroaderMarketSnapshotIn an email to MHProNews, the Texas Manufactured Housing Association (TMHA) has provided added details and tips on the Paycheck Protection Loan (PPP) program for businesses with fewer than 500 employees.

Additionally, Bloomberg, CNBC and others in media are reporting that following President Trump’s direction, Treasury Secretary Steven Mnuchin has spoken with Congressional leaders in the House and Senate from both major parties. An additional $250 billion is sought, which may be taken up as soon as Thursday, in keeping with President Trump’s statement at a recent press conference and with finance leaders on a conference call today.

Those items will be our featured focus this evening. For newcomers, those are found following our left-right headline business news review and broader market snapshots. Today’s manufactured home closing stock recap is also found further below.


Every Business Nightly – Headline Insights-at-a-Glance.

Every weekday night that the stock markets are open, we provide headlines from left-of-center CNN followed by right-of-center Fox Business. It is sometimes surprising how much We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.

Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.



The Whatever side of the left-right divide you are on, this quote by President Obama is quite right. That’s true in political news. But there is something similar with respect to manufactured housing news and reports. We sift through the facts and figures to provide insights found no where else in MHVille.


Understanding media bias is useful to sifting through possibly hidden agendas. We are mindful of the ancient and tested principle of separating the wheat from the chaff.

To see this full size, download and then click to open.


Headlines from left-of-center CNN Business

  • On notice
  • THORNTON, CO – FEBRUARY 19: Boxes move along on conveyor belts as they get sorted at Amazon's Fulfillment Center on March 19, 2019 in Thornton, Colorado. The facility which opened in July of 2018 is 855,000 square feet, and employees over 1500 people. The Thornton facility is a state-of-the-art facility that uses Amazon Robotics to move merchandise around from one area to the next. Hundreds of workers perform a variety of jobs in the huge facility. Many workers stand at stations, picking items to ship from trays brought to them by robots that roam the massive warehouse floor. The robotic facility, near I-25 and 144th Avenue, distributes small- and medium-sized items and allows for quicker delivery of orders in the metro area.
  • Amazon says it may fire workers who violate social distancing guidelines
  • Trump could tariff foreign oil. That won’t end the oil crisis
  • How to reopen the economy after coronavirus? German experts have a plan
  • Opinion: There’s no doubt we’re in a recession
  • Trump and Biden should agree: Fed Chair Powell deserves a second term
  • Four famous stores that may not survive because of coronavirus
  • Grocery stores turn to robots during the coronavirus
  • 100 American Airlines flight attendants have coronavirus, union says
  • Sony unveils its new PlayStation 5 controller, the DualSense
  • Verizon stops in-home internet repairs and installations except for emergencies
  • Lufthansa shuts low-cost airline and says aviation won’t recover for years
  • Airbnb hosts struggle to pay the bills due to mass cancellations
  • Oz catches Trump’s attention as he pushes unproven drug to fight

Headlines from right-of-center Fox Business

  • US trying to turn oil’s price crash into win for American taxpayer
  • A bipartisan group of U.S. lawmakers introduced a bill on Tuesday providing $3 billion to buy oil for the national emergency reserve as a way to help energy companies hit by the plunge in crude prices.
  • Stocks give up gains on oil’s sharp reversal
  • Treasury’s Mnuchin asking for $250B to replenish small business loan program
  • New York sees deadliest day for virus
  • Rich Americans hunting down coronavirus ventilators
  • US economic output plunges by 29%
  • Businesses of all sizes competing for loans
  • Trump ‘looking at’ reopening parts of econ.
  • Do’s and don’ts with your stimulus check
  • Help wanted: These companies are hiring
  • Full list of businesses still open
  • Companies hiring for work-from-home jobs
  • Oil tanks ahead of OPEC’s emergency meeting
  • Senate Democrats propose whopping pay raise for essential workers
  • Bernanke predicts the full impact of the coronavirus crisis
  • Coronavirus jobs collapse sends ripples through housing market
  • JK Rowling claims she had coronavirus, recovered after doing this exercise
  • Chick-fil-A combats coronavirus with drive-through innovation
  • Kraft Heinz CEO: Here’s what Americans are buying amid coronavirus lock down
  • Today’s new work paradigm offers workers something never before seen
  • Papa John’s new pizza delivery trick hopes to fight coronavirus spread
  • Coronavirus program provides ski goggles to health care workers
  • Investors should look at companies with these traits: El-Erian
  • Golf legend explains part of the golf industry that’s still chugging along
  • Should you wash groceries during coronavirus?
  • Pharma giant lowers cost of vital medication as millions struggle
  • Acting Navy secretary resigns amid aircraft carrier’s coronavirus crisis
  • NFL MVP says he ‘feels like a fish out of water’ in free agency for first time
  • Nike unveils coronavirus face shields to aid Oregon health care workers
  • Coronavirus could cause youth sports recession
  • Coronavirus forces United Airlines to make massive cut to flights
  • Mark Cuban: How restaurants can survive coronavirus crisis
  • Macy’s chief financial officer to step down in May
  • FBI sounds alarm on coronavirus-prompted ‘money mule’ schemes
  • How to apply for SNAP
  • Coronavirus forces Verizon to limit in-home installations
  • Walgreens expands coronavirus drive-thru testing sites across 7 states
  • Amazon threatens firings for employees risking coronavirus spread
  • Author sues Amazon over alleged ‘Marvelous Mrs. Maisel’ theft
  • WATCH: Ex-Spirit Airlines CEO says virus won’t cause big US airline bankruptcy yet
  • Why is there still a coronavirus test kit shortage in the US?
  • Keystone Pipeline work continues amid coronavirus pandemic
  • Coronavirus will slash $5T from US economy, Steve Schwarzman says
  • Rite Aid adding 5,000 jobs to meet coronavirus demand
  • Trader Joe’s store shuts down after worker dies from coronavirus
  • WhatsApp combats coronavirus misinformation on platform with forwarding limits
  • Pelosi says fourth coronavirus stimulus package could cost $1T
  • Coronavirus-struck colleges fight to survive as financial hits pile up
  • Allstate to return $600M in auto premiums
  • Why online grocery services are struggling during virus quarantines
  • Why Lowe’s says it’s closing stores on Easter Sunday this year
  • Major airline suspends majority of flights to/from virus epicenter NYC
  • What to know as hackers prey on video conference calls, more turn to screens
  • Netflix’s ‘Tiger King’ Joe Exotic working on new show about cold case
  • WeWork sues SoftBank after tender offer falls through
  • Boris Johnson receiving oxygen in ICU as coronavirus symptoms worsen
  • Allstate to return $600M in premiums
  • Small-business confidence in US economy dropped in March: NFIB

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


Featured Focus – Where Business, Politics and Investing Can Meet

Credit for base image is a still from the video posted below. Text graphics by MHProNews.

Bloomberg’s Quick Take said on 4.7.2020 President Trump tells finance CEOs during a phone briefing on small-business loans that “We’re running out of money, which is a good thing in this case.”



  • Treasury Secretary Steven Mnuchin said he has spoken with congressional leaders to secure an additional $250 billion for the small business loan program as the coronavirus outbreak hammers the economy.
  • Mnuchin said he spoke with Senate Majority Leader Mitch McConnell, Senate Minority Leader Schumer, House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy, to secure the funding.
  • Congress late last month approved a $350 billion small business loan program as part of a more than $2 trillion stimulus bill aimed at helping the economy recover from the pandemic.

Also on 4.7.2020, the Texas Manufactured Housing Association said the following. Highlight or bold may for linked information have been added by MHProNews, but the text and statements are as submitted by the TMHA.


QuoteMarkManufacturedHomeLivingNewsIn addition, we have updated our previous post on the Payroll Protection Program (PPP) following the release of regulations on the new program by the SBA, which included:

  • Max 1% interest rate on loans
  • 2-year term loans
  • Only one PPP loan per borrower; if a person has multiple businesses or entities, the person will only receive one PPP loan (not a PPP loan for each entity) so select the best entity to apply for your single PPP
  • Contractors (1099’s) do not count, and expenses paid to contractors should not be used in a businesses’ payroll costs.”
  • Contractors and sole-proprietors can individually apply for their own PPP (but date to apply isn’t until April 10th)
  • A maximum 25% of the PPP can be used for non-payroll purposes
  • New “affiliation rulesto determine when multiple businesses are considered affiliated with each other, or not, when calculating total (including all affiliates) payroll cost
  • Updated the PPP to include maximum loan calculation examples provided in the regulations

We also want to highlight something that might not have been clear before under the PPP program for sole proprietors who might not have employees. Sole proprietors are eligible to apply for the PPP program.

However, their ability to submit their applications does not begin until April 10th.

In calculating their maximum possible loan (and potentially later forgiven) amount, rather than using employee payroll (which if they don’t have any employees they won’t have) they use their individual income or net earnings to calculate their monthly individual income. Then their average monthly income (capped at $100,000 annually) is multiplied by 2.5 to determine their maximum loan.

On page 10, subsection f, of the regulations, they clarifying what, “qualifies as payroll costs?’” The regulations say, “for an independent contractor or sole proprietor, wage, commissions, income, or net earnings from self-employment or similar compensation.” These will still need to be proven and verified, and are also subject to the same $100K/year ceiling limitation.

The Treasury has also issued a PPP borrower information sheet to help those with more questions.

And while there are reports of problems with the EIDL program, we continue to encourage impacted TMHA members who can apply to remain persistent and apply for this program. With many of these programs, due to demand, newness, and general difficulties related to operating during a pandemic, patience and persistence will be paramount.

On Monday, the Texas Supreme Court extended the statewide moratorium on residential evictions until April 30th.

The only exception for an eviction during this time is when there is a sworn complaint that, ”the actions of the tenant, or the tenant’s household members or guests, pose an imminent threat of (i) physical harm to the plaintiff, the plaintiff’s employees, or other tenants, or (ii) criminal activity.”


Programming Notice. Barring the unforeseen, a COVID19 related news tip will be our planed report for tomorrow. For other reports on how the coronavirus has impacted the nation and the manufactured housing industry, see the related reports below.


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Related Reports:

Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some 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).



Spring 2020
Berkshire Hathaway is the parent company to Clayton Homes, 21st 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. – has celebrated our tenth anniversary and is in year 11 of publishing.


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

Celebrating 10 Years of Goal- and Solution-Oriented Manufactured Home Industry Innovation Information, and Inspiration for Industry Professionals

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Disclosure. MHProNews holds no positions in the stocks in this report.

2019 Year-End Totals Reveals Decline in New HUD Code Manufactured Home Production, Shipments vs. 2018


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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.)

Tony, Soheyla and their son made Capitol Hill visits for meetings with lawmakers on both sides of the aisle in Washington, D.C. the week of 12.3.2020. That was following Tony’s presentation to the Federal Housing Finance Agency (FHFA), Fannie Mae, Freddie Mac and dozens of assembled advocates about manufactured home financing.

By L.A. “Tony” Kovach – for

Tony earned a journalism scholarship and earned numerous awards in history and 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 This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.

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