Daily Business News

Manufactured and Modular Housing Industry News

05/25/2018 06:55 PM
White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement to the Daily Business News upon attending a signing ceremony at the White House for S. 2155.   The “Economic Growth, Regulatory Relief and Consumer Protection Act,” is the formal name for S 2155, which was signed into law yesterday. The […]

05/25/2018 05:38 PM
China, Russia, North Korea and the U.S. Stocks, Plus Manufactured Housing Industry Market Update
An important element to keep in mind behind the international problems in the Ukraine, Syrian, and Iran is the nation of Russia.  When one thinks about tensions with North Korea, or theft of intellectual properties, and more, one must think about Communist China.  With all the news about North Korea roiling the markets, let’s pull […]

05/25/2018 11:06 AM
Skyline Corp, Champion Home Builder M&A Updates, Stockholder Insights
Skyline Corporation and Champion Enterprises Holdings, LLC, the parent company of Champion Home Builders, Inc., previously announced merger/acquisition (M&A) is set to close within the next two weeks, according to sources familiar with the matter.   Recent press releases have not announced a set date, but they have pointed to a closing expected before the […]

05/25/2018 07:39 AM
‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced
“We are at the tip of the iceberg,” for the manufactured home industry’s opportunities, said Rick Rand of Great Value Homes in WI.     Rand – a Manufactured Housing Institute (MHI) board member, and award-winning communities veteran – would not weigh in on the latest controversies about the Arlington, VA based trade group.   […]

05/24/2018 05:59 PM
Home Values Rising Rapidly, Yet MH Lags? Plus Manufactured Housing Industry Market Updates
Manufactured housing’s Arlington based association has taken its expected victory lap on the signing of the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” as predicted. But MHI has had more than one slap-in-the-face this week, and that backhand came from among the ranks of the post-production sector. That gut punch has come from former […]

05/24/2018 11:51 AM
Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines
There is nothing quite like pie charts, facts and figures to dramatically illustrate what has taken place in HUDVille – the manufactured housing industry – over the last several years. Trend lines are important for lenders, investors, and business owners to be aware of, and these graphics should also be noteworthy to policy advocates, legal […]

05/24/2018 10:10 AM
HUD’s New Man, Officials Statements, with Insider Info Beyond the Media Releases
HUD has a new man in a significant role at HUD. We will get into the various “official” statements about Brian Montgomery. But we begin with a backgrounder.   Mr. Montgomery has a track record, and the question industry professionals must answer is simple. Will he operate as he did during his time in the […]

05/24/2018 03:37 AM
HUD and Census Bureau Report, New Housing Sales, April 2018
WASHINGTON, D.C. “The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2018,” said the joint release to the Daily Business News.     New Home Sales  “Sales of new single-family [conventional] houses in April 2018 were at a seasonally adjusted […]

05/23/2018 05:37 PM
Summary of Explosive Allegations of Illegal Spying by Feds of Trump Campaign, Plus MH Market Updates
In case you missed it (ICYMI), the markets have been roiled more by politics and international issues – which do at times, involve trade – as much or more that date or news about given stocks, economic, and market fundamentals. A variety of data, including corporate earnings, reveal a sound and growing economy and numerous […]

05/23/2018 11:05 AM
Fed Programs “ACCESS TO CAPITAL” for Small Businesses, including Manufactured Housing
The Small Business Administration (SBA) was created to help independent business level the playing field in their access to capital markets.   While a relatively small number of businesses tend to dominate various sectors of the manufactured housing industry, the vast majority of operations in retail, communities, production, installations, service, and transportation are small businesses. […]

05/23/2018 08:34 AM
Fed – Atlanta – Projects Record GDP Growth for U.S., the Detail$, MH Industry Outlook
“The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay,” said the Atlanta Federal Reserve on Tuesday.   “Our GDPNow forecasting model provides a “nowcast” of the official estimate prior to its release by estimating GDP growth using a methodology […]

05/23/2018 03:54 AM
Shifting Momentum, Demographics, Women, the 2018 Midterms, and Manufactured Housing
If one takes candidates at their word – which is never a given once they are elected  – it must be noted that candidates Secretary Hillary Clinton, and businessman, builder and media maven Donald J Trump each made a range of stated policy positions.   Last night, the House passed S. 2155, see that report […]

05/22/2018 06:16 PM
S. 2155 “House Passes Most Significant Pro-Growth Financial Regulatory Reform in Generation”
WASHINGTON, D.C. – “Today, the House of Representatives voted 258-159 to pass the “Economic Growth, Regulatory Relief and Consumer Protection Act,” which represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago,” said the House Financial Services Committee Chairman in a statement to MHProNews. “For far too […]

05/22/2018 05:48 PM
Stocks Dump When China, ZTE, NoKo, US Deals in Doubt, Plus MH Market Updates
“Donald Trump’s 1987 bestselling book, “The Art of the Deal,” he “wrote about the importance of knowing “when to walk away,” said ABC News. The markets rose yesterday, and fell today, based in part upon reactions to the perceived chance for talks with China, and North Korea to successfully advance. Those will be part of our focus tonight. […]

05/22/2018 05:01 PM
Update on Fannie Mae Lobbying, and Manufactured Housing Controversy
The recent report from the House Financial Services Committee Chairman, Jeb Hensarling, to MHProNews late last week pointed out that Bloomberg – and the Daily Business News – had identified ways that appear to reflect that Fannie Mae has violated the FHFA mandate that the GSEs are barred from lobbying.   An attentive MHProNews reader […]

05/22/2018 10:52 AM
MHARR Points to Needs Underscored by Washington Post Article on HUD’s Manufactured Housing Program, Related Woes
  “A recent article in the Washington Post regarding the HUD manufactured housing program and the reassignment of former program administrator, Pamela Danner, vividly highlights the glaring need for a new, independent, collective, national trade association to more effectively represent the industry’s post-production sector,” said Mark Weiss in the latest MHARR Issues and Perspectives.   […]

05/21/2018 08:55 PM
Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat
Just hours or days before an expected Congressional vote in the House on their version of S. 2155, the Seattle Times is reporting on federal investigations into the business practices of Clayton Homes, Vanderbilt Mortgage, and their affiliated Berkshire Hathaway lending units.   “Gwen Schablik, a former Clayton employee who was featured in the 2015 […]

05/21/2018 06:13 PM
“Promises Made, Promises Kept” – China, U.S. Announce Deal Outline, Stocks Soar, Plus MH Market Update
2 out of 3 Americans surveyed credit President Donald J. Trump for an improving economy, per CBS News. That poll was conducted prior to the joint announcement Saturday that China and the U.S. have put tariffs on hold, as they announced the outlines of a tentative trade deal. That’s our market focus for tonight, noting […]

05/21/2018 03:34 PM
Behind So-Called “MH Resident Activists,” MHAction’s Kevin Borden, Anti- HUD Secretary Ben Carson, Manufactured Housing Industry Protests
The topline is simple.   Many if not most of those so-called MHAction protestors were not manufactured home residents. But where did MHAction come from?  What is the origin of their funding? Are there possible silver linings from the headlines they grabbed? The Washington Post’s recent report on manufactured housing (MH) is part of the […]

05/21/2018 05:00 AM
Life Hack Success Tip-Any Pro Can Do This-Monday Morning Manufactured Housing Sales, Marketing Meeting
Today is going to be DIFFERENT.   Open your minds for something simple, yet profoundly effective for those who dare embrace it. It’s a Success Tip that Warren Buffett’s over half-a-century partner Charlie Munger believes in and practices. It’s this. Reading for understanding. Reading, and being able to admit that you were mistaken about something. […]

05/20/2018 03:50 AM
Sunday Morning Manufactured Home Industry Research, Reports, Headline News Recap 5.13.2018 to 5.20.2018
What does “News through the lens of factory-built housing.” © mean?   It’s a fair question asked by a reader. You can get news anywhere.  You can get opinions anywhere. MHProNews provides news, analysis and commentary on curated topics that are useful to the factory-built housing industry’s professionals. Dictionary says “curate” means – “select, organize, […]

05/19/2018 03:32 AM
Chairman Hensarling, Fannie Mae’s Latest “Backdoor Schemes,” Illegalities? MH Connections, Implications
  Late Friday, House Financial Services Committee Chairman Jeb Hensarling (R-TX) said that “high ranking Fannie Mae employees have been intentionally violating their government prohibition on lobbying through a series of secret meetings to remove the failed mortgage giant from federal oversight.”   According to Congressman Hensarling’s  statement to the Daily Business News, legal and […]

05/18/2018 05:52 PM
“I Love Capitalism!” Home Depot Co-Founder Ken Langone to Millennials, Others – Plus MH Market Updates
Just as the Daily Business News has noted for some time the rising calls for socialism – often among millennials, but not limited to them – so too has Home Depot co-founder Ken Lagone.  His heartfelt video on that topic which is the title of his new book is our focus report this evening.   […]

05/18/2018 03:36 PM
Senator Tim Scott, Rep. Erik Paulsen – Overlooked Part of Tax Reform, Plus New Credit Plan for ALL Housing, Including Manufactured Homes
In a series of video media releases to the Daily Business News, Senator Tim Scott (R-SC) touts recent accomplishments, explains how he hopes to narrow the gap for minorities, and boost all Americans’ earnings.   In one of these video releases, Senator Scott also spotlights an effort to get more credit – especially for housing […]

05/18/2018 11:29 AM
House Financial Services Report to MHProNews – Overview of Homelessness in America
WASHINGTON, D.C. “The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness,” per their overview submitted to MHProNews.   “The majority of programs to reduce homelessness and provide assistance in housing services fall under the […]

05/18/2018 08:36 AM
President Trump – “Bigger than Watergate,” “We Need Accountability” – National, MH Industry Impacts
Imagine if during the 2008 campaign, if someone in the Bush Administration had planted one or more FBI informants in then Senator Barack Obama’s campaign. Then further imagine, that federal investigations were started, based in part on information paid for by opposition to then-candidate, Senator Obama.   Then envisage that word of that hypothetical attempt […]

05/17/2018 04:39 PM
“Big Tech Lies,” “You’re the Product,” Consider “Breaking Them Up” says Apple Co-Founder, Steve Wozniak – Plus Manufactured Housing Industry Market Updates
Steve Wozniak – Apple’s co-founder – unloaded a lot of thought-provoking fodder to Business Insider, and that will be our focus report for this evening. If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the […]

05/17/2018 04:01 PM
It’s a Revolution – $300 Million Deal Inked for 1,000 PreFabs
“Philippine-based unicorn startup Revolution Precrafted has sealed a $300-million exclusive deal in the Caribbean for the supply of its prefabricated units,” the firm said in a release to the Daily Business News. “The initial franchise deal with NOVO Development involves the supply of at least 1,000 units in the region that would create sales revenues […]

05/17/2018 10:50 AM
“Political Necrophilia,” Tragedy in SloMo, Southern Economic Political Lessons for Looming U.S. Midterms
“...Trade Minister Moises Naim said the pages of history books are filled with people hanging on to dead ideas. Naim, who created a highly critical TV miniseries about Chavez that was banned in Venezuela, calls it “political necrophilia,” per Yahoo News in their latest in a periodic series of reports on the socialist meltdown in […]

05/17/2018 05:43 AM
Who will replace Pam Danner at HUD’s Office of Manufactured Housing Programs?
The Daily Business News can report that there are multiple candidates for the position vacated by the removal of Pam Danner at the Department of Housing and Urban Development (HUD) Office of Manufactured Housing Programs (OMHP).   According to the HUD website, the Mission of “The Office of Manufactured Housing Programs executes responsible regulation and […]

05/16/2018 06:24 PM
Canadian and American Financial and Banking Systems Compared, Infographic
The Daily Business News reports every day on Canadian based companies as well as U.S. based firms in our evening market report.  But it’s been a while since we’ve taken a broader look at the Canadian market, or done a comparison with how U.S. and Canada are similar and differ.   So, the following interesting […]

05/16/2018 05:22 PM
US Manufacturers Roar, Hiring More, Paying More, Thanks to Tax Reform – Plus Manufactured Housing Connected Stocks, Investment Updates
President Donald Trump takes a bow with Jay Timmons, president and CEO of the National Association of Manufacturers (NAM).  General and manufactured housing specific reports indicate that the 45th president’s tax reform plan are helping to grow manufacturing, increase jobs, and are causing new production centers to open. That will be our focus tonight. If […]

05/16/2018 10:56 AM
Fatal Clayton Homes Maynardville Accident Fined, RIP Keith Tucker West Jr. of Hoyle’s Tire & Axle
Last February, a North Carolina truck drive died at Clayton Homes Maynardville plant.  The state and local media said little, pending the state’s investigation.   The initial Daily Business News report, is linked here. Tragic Clayton Death Sparks Investigation, Background Others Missed That state investigation is now complete, and here is what the findings are. […]

05/16/2018 04:08 AM
Ben Shapiro Nails It on Taxes, Regulations, and Affordable Housing – Under 2 Minute Video Must View for MH Industry Pros
“Ben Shapiro is a renowned conservative political pundit, syndicated columnist, lawyer, and NYT bestselling author. He is Editor-in-Chief of news and opinion site The Daily Wire and host of the popular video podcast, The Ben Shapiro Show,” says his YouTube page.   Fox News has called Shapiro “a leading millennial conservative.” In the under-two minute […]

05/15/2018 06:00 PM
Michigan Rising Shipments, Home to Nine of Top 50 Largest Manufactured Home Community Owner-Operators
The manufactured housing industry is poised to have one of its best years in recent history. Michigan is responsible for a significant percentage of that, according to the Michigan Manufactured Housing Association, (MMHA).   “Michigan has always been a big proponent of manufactured homes, the communities and the people who reside in them, so it […]

05/15/2018 05:26 PM
Seattle’s Assault on Amazon, Bigger Businesses Passes Affordable Housing Tax, Plus MH Market Updates
Late Monday, Seattle stayed in the national headlines, as it passed a modified version of their head tax on larger businesses, in order to pay for their growing affordable housing crisis. That will be our focus report this evening. If you’re new, already hooked on our new spotlight feature – or are ready to get […]

05/15/2018 04:02 PM
21% of Americans have no Retirement Savings, and Manufactured Housing
The historic claim-to-fame for millions of Americans with respect to manufactured homes was that they were a great way to start out home ownership for singles and younger families.  The other large group of manufactured home owners traditionally has been those approaching retirement, or who are already retired.   A recent report by Fox Business […]

05/15/2018 05:55 AM
Spencer Roane w/Southeast Community Owners (SECO), Praises Tom Lackey, Accused of Rent-to-Own Manufactured Home Sales Improprieties
 “We bought a trailer [1] that wasn’t really ours. I mean, it really hurt me. My nerves have been tore up. I’ve been crying.” – Tonya Evans, a customer of Tom Lackey’s Stoney Pointe MH Community business.    Spencer Roane is an RV MH Hall of Fame Inductee, and is one of a group of […]

05/14/2018 09:25 PM
After Tax Cut$, U.S. Records Largest Budget Surplus, Plus Manufactured Home Market Updates
“I told you so,” might be what Larry Kudlow or other members of the Trump Administration tax cut team might have said. The surprising-to-some numbers for April are in, and those numbers are part of our market focus for tonight. If you’re new, already hooked on our new spotlight feature – or are ready to […]

05/14/2018 03:39 PM
“Audit the Algorithm!” – Mark Zuckerberg, Facebook and Google Monopoly – Manufactured Housing Marketers Notice
Americans respond to print media, signage and off-line marketing methods, as attentive manufactured housing industry professionals know.   That noted, the research says that most home shoppers at some point are shopping online. According to research by Google and the National Association of Realtors, 90 percent of housing shoppers are doing at least some of […]

05/14/2018 11:41 AM
That’s a Bear on a Roof in MHC Up There, Causing a Scare
On the dramatic turned lighter side,  the Santa Clarita Valley (SCV) Sheriff’s Station Twitter feed reported a bear on the roof a shed in a manufactured home community, and snapped the photo above.   “Deputies responded out to a mobile home park [*] in Gorman [California] tonight re: a bear on the roof. The bear […]

05/14/2018 02:26 AM
Is it Better to Be Candid, or a Kiss-Up? Monday Morning Manufactured Housing Sales, Marketing Meeting
Sales professionals and leasing agents in manufactured housing get faced with a daily choice.   It could be phrased like this. Is it better to be a ‘Kiss Up,’ or ‘Candid? ‘ To be sure, someone can be both honest and polite. But to allow someone to believe something that isn’t true, when you have […]

05/13/2018 07:35 AM
Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 5.6.2018 to 5.13.2018
  Millions could care less about politics. Many don’t want to talk about religion either. Especially those in business, who want to be able to serve as many people as possible, topics like that are almost a taboo. Then there is “industry politics.”  Some only want to hear ‘good news.’  ‘We keep it positive’ was […]

05/12/2018 11:21 AM
Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative
Whatever one thinks about their political leanings, the Washington Post is one of the most important and influential news publications in America.   They decided to publish an article recently about the HUD Code manufactured housing program. More specifically, the Washington Post (WaPo or WP) wrote about the inner workings of HUD under the Trump […]

05/11/2018 07:49 PM
Reprieve in Community Closure Collision, Another Round Ahead?
Local media originally reported that the tortured odyssey of the Northern Housing Community in Schofield, Wisconsin did not receive a timely appeal. Those initial accounts turned out to be inaccurate. “Your article was very interesting,” said Sarah L. Ruffi, of the Ruffi Law Offices in Wausau, WI. “I represent Northern Mobile Home Park, LLC in […]

05/11/2018 06:13 PM
Hyperloop Nearly Complete, Pros, Cons, Videos, MH Impacts – Plus Manufactured Housing Industry Investor Market Reports, Data
Billionaire investor and inventor Elon Musk’s hyperloop is almost ready.  He’s going to give away free rides.  Details, pros and cons, and the potential impact for manufactured housing are our focus report for tonight. If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – […]

05/11/2018 02:07 PM
Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights
Former Indiana Governor Mike Pence knows manufactured housing, sources in the Hoosier state tell MHProNews.   Vice President Pence also knows and uses the correct terminology, and supports the industry, those same sources tell the Daily Business News. The 58 year old vice president is mentioned by some as a potential successor for President Donald […]

05/11/2018 07:33 AM
White House Official Statement on Artificial Intelligence – Industry and Business Summit
Long before others in manufactured housing raised the topic of artificial intelligence (AI), robotics and automation as a concern for workers and independent businesses, the Daily Business News on MHProNews has led the charge on raising the industry’s awareness of the many nuances to this disruptive challenge.   With giants like Clayton Homes, directly and […]

05/10/2018 09:25 PM
Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes
“Home Group, one of the UK’s largest providers of homes for sale and affordable rent, has reported that 52% of individuals would be unlikely to live in a modular home, yet almost 90% failed to identify a modern modular product,” the operation said in a statement in their news blog. The British company uses the […]

05/10/2018 06:18 PM
Communities and Counties Pay People to Move There, Plus Manufactured Housing Industry Market Reports
ICYMI, yes, you read that headline correctly.  There are cities and towns that pay you to move there, or to live there. This could be useful information for manufactured home marketers in or near these areas. That will be our spotlight report this evening. If you’re new, already hooked on our new spotlight feature – […]