LosingTheAmericanDreamSteepManufacturedHousingProductionDeclineContinuesWhileManufacturedHousingInstituteCEO-LesliGoochGivesFannieMaeAndFreddieMaA-PassMHLivingNews

Losing the American Dream – Steep Manufactured Housing Production Decline Continues While Manufactured Housing Institute CEO Lesli Gooch Gives Fannie Mae and Freddie Mac a Pass

In a press release to Mobile and Manufactured Home Living News (MHLivingNews) and others in the news media, the Manufactured Housing Association for Regulatory Reform (MHARR) pointed a sharp finger at their rival national trade group. That press release is below and is followed by additional information with MHLivingNews analysis and commentary in brief.

 

FOR IMMEDIATE RELEASE                                                             Contact: MHARR
                                                                                                                            (202) 783-4087

Washington, D.C., August 3, 2023 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production declined again in June 2023. Just-released statistics indicate that HUD Code manufacturers produced 8,169 new homes in June 2023, a 28.1% decline from the 11,373 new HUD Code homes produced in June 2022. Cumulative production for 2023 is now 43,888 homes, a 28.8% decrease from the 61,659 homes produced over the same period during 2022.

A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current year (2023) and prior year (2022) shipments per category as indicated — are:

MHARR=ManufacturedHousingAssocForRegulatoryReformLOGO-ManufacturedHomeShipmentsTop10States2023vs2022June2023-ManufacturedHomeLivingNewsMHLivingNews

 

The statistics for June 2023 produce one change from last month, moving Georgia into 6th place, ahead of Michigan.

The continuing steep production decline illustrated by these statistics, is the result, in substantial part, of the complete failure of Fannie Mae and Freddie Mac to provide securitization and secondary market support for manufactured housing chattel loans under the Duty to Serve (DTS) mandate. For 15 years since the enactment of DTS, the mortgage giants have failed to provide any support for these loans, despite the fact that they represent some 80% of the manufactured housing market and provide access to the industry’s most affordable homes. If DTS were implemented, in a market-significant manner, that factor, in itself, would draw new lenders into the HUD Code financing market and reduce interest rates through increased competition and lowered risk.

Yet despite the fact that Fannie Mae and Freddie Mac continue to flout Congress and the law with respect to the vast bulk of the HUD Code market, the Manufactured Housing Institute (MHI), representing the industry’s post-production sector, in recent remarks to a DTS “Listening Session,” “commended” Fannie Mae and Freddie Mac for their “efforts” regarding DTS. So, instead of exerting maximum pressure on Fannie and Freddie to finally begin serving the core of the industry’s retail consumer base, the national representative of the industry’s post-production sector effectively gave the two entities a pass for their continuing failure to serve the vast bulk of the industry and its consumers. This is unacceptable and only helps to excuse and prolong an unacceptable status quo.

MHARR, for its part, continues to press the Federal Housing Finance Agency (FHFA) for the full, complete and robust implementation of DTS in all HUD Code consumer financing markets.

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

— 30 —

 

Additional Information with More MHLivingNews Analysis and Commentary in Brief

The hot links in MHARR’s release were to the following items.

SHOCKING NUMBERS — Manufactured Housing Production Decline Steepens as Industry Impediments Multiply

MHARR Targets Fannie and Freddie Chattel Manufactured Home Lending Failure in DTS “Listening Session” Comments

“The Duty to Serve — A Cruelly-Unfulfilled Promise and Mandate” MHARR – ISSUES AND PERSPECTIVES AUGUST 2023 by Mark Weiss

https://www.manufacturedhomepronews.com/masthead/outraged-mhec-member-crucify-gooch-mharr-says-no-one-at-mhi-should-not-be-commending-fannie-mae-freddie-mac-and-b/

 

MHLivingNews provided our expert take, one of 16 formal remarks made to federal, Fannie Mae, Freddie Mac and other housing advocate officials at the link below.

 

Were Abe Lincoln and Frank Rolfe Correct? Federal Agency to Present Speaker’s Insights on Why Affordable Housing and Manufactured Homes Struggle During Affordable Housing Crisis

 

Why is this happening? Two of the legal researchers looking into manufactured housing in the report linked below say and/or imply that the Manufactured Housing Institute (MHI) is working against the industry’s interests, not unlike what MHARR has alleged above.

 

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/

 

The evidence strongly suggests that MHI is working on behalf of the interests of consolidators. This isn’t mere speculation, there are MHI members who have said as much publicly.

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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.

Notice: the graphic below can be expanded to a larger size.

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.

 

Samuel Strommen was quite specific. He named MHI as part of the problem in manufactured housing. Strommen’s thesis while at Knudson Law was that MHI was part of a scheme to violate federal antitrust laws. Strommen said in his view it was a felony monopolization violation.

strommen-felony-conspiracy-case-monopolization-of-affordable-manufactured-housing-1
https://www.manufacturedhomelivingnews.com/strommen-felony-conspiracy-case-monopolization-of-affordable-manufactured-housing-and-manufactured-home-communities-rube-goldberg-machine-of-human-suff/

 

Millions of Americans NEED manufactured homes for affordable quality living.

 

 

And as MHLivingNews has uniquely demonstrated through years of research, the typical concerns about manufactured homes simply don’t stand up to scrutiny.

 

“Preliminary Tornado Data 2021 National Weather Service, III.org–Surprising, Hopeful Facts for Affordable Housing Seekers” – Impact on Conventional Housing, Mobile Home, Manufactured Homeowners

 

Which begs the question. Why has MHI dragged their feet in debunking the concerns about manufactured homes and working to advance access to the American Dream? See the post linked here for more. ##

 

Unpacking “Manufactured Homes as an Investment” LendingTree “Mobile Home Values Are Rising Faster Than Single-Family Home Values”—When do Mobile and Manufactured Homes Appreciate or Depreciate?

 

‘Manufactured Homes Truly One of Best Opportunities for Realizing Dream of Homeownership’ says Sen Tim Scott – Rips ‘DOE Standards Overly Broad, Unduly Burdensome Cost Imposed by Climate Alarmists’

 

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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, 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.)

CongRepAlGreenDeskTamasKovachLATonyKovachPhoto12.3.2019ManufacturedHomeProNews
All on Capitol Hill were welcoming and interested in the discussion of manufactured housing-related issues in our 12.3.2019 meetings. But Texas Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included a copy of the Constitution of the United States and other goodies. MHLivingNews and MHProNews has worked with people and politicos across the left-right divide.

By L.A. “Tony” Kovach – for MHLivingNews.com.

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 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.

http://latonykovach.com

Connect on LinkedIn: http://www.linkedin.com/in/latonykovach

Recent and Related Reports:

The text/image boxes below are linked to other reports, which can be accessed by clicking on them.

 

 

 

 

https://www.manufacturedhomepronews.com/feganscott-class-action-v-manufactured-housing-institute-member-els-announces-investigation-into-equity-lifestyle-properties-for-widespread-chronic-neglect-of-mobile-home-properties-across/

 

Official U.S. Census Bureau Cost & Size Comparisons of New Manufactured Homes to New Single-Family Site-Built Homes – Facts for Shoppers, Affordable Housing Advocates, Public Officials, Investors & Researchers

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Storytellers Wanted! The Mobile and Manufactured Home Storytelling Project – Truth Tellers, Myth Busters, and Behind the Scenes Revelations are Encouraged Here

 

Affordable Housing, Conventional Housing, Mobile Home, Manufactured Home, and Modular Housing Conundrum – What U.S. Department of Housing and Urban Development (HUD) Research Revealed

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DOJ-CFPB-Record Racial Discrimination-Redlining Case Settled by Warren Buffett-Led Berkshire Hathaway Owned Lender – Clayton Homes and Their Affiliated Lending Named by Seattle Times – Conventional and Manufactured Housing Claims

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