Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Register for free Podcasts of Manufactured Housing News at Noon

Developers Turn to Modular in Housing Crisis

March 27th, 2017 No comments
DevelopersTurntoModularinHousingCrisiscreditBatonRougeBusinessReport-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Baton Rouge Business Report.

In Baton Rouge, Louisiana, two developers have turned to modular housing to ease the stress of finding housing.

According to the Baton Rouge Business Report, Jak Kunstler and Susannah Bing believe that modular homes in Baton Rouge could be a solution to a housing shortage in the city’s older neighborhoods.

We’re in a housing crisis,” says Bing, a former executive with the East Baton Rouge Redevelopment Authority.

Bing teamed up with Kunstler two years ago to launch Louisiana Purchase Real Estate and Development.

There are people moving to Baton Rouge who want the nightlife, restaurants and activity that are closer to downtown, yet there are very few houses that are available or in good condition and they are priced out of that market. We see this as a tool to provide new housing in older neighborhoods, whether that is market rate or affordable.

The recently completed home by Bing and Kunstler comes in at 1,256 square feet, and looks similar to the classic homes in the area that were built 70 to 80 years ago. Two similar houses are planned for adjacent lots.

I think there is a stigma about modular housing to a certain extent,said Bing.

Nobody really understands what a modular house is. Everybody thinks it’s some house trailer [sic]. It couldn’t be more different. We tweak the houses to make them more south Louisiana.

Bing and Kunstler say their business plan calls for infill development projects in neighborhoods where additional housing is needed, and they’re looking to acquire vacant lots or adjudicated properties from the city-parish and redevelop the sites with their modular homes.

As Daily Business News readers are already aware, manufactured housing has also been used more frequently in urban infill situations as a solution to affordable housing shortages. For an in-depth look into what’s happening around the country, click here. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


UMH Gains, Manufactured Housing CV Rises, Broader Markets Mixed

March 27th, 2017 No comments
Dailymarketwrap3272017dowjonesindustrialaveragecreditcnnmoney-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Credit: CNN Money.

Noteworthy headlines on – CNNMoney – Uber’s self-driving cars come back to San Francisco. Delta takes a swipe at United over leggings policy. The new £1 coin is here and still causing problems. NFL approves Raiders’ move to Las Vegas.

Some bullets from Fox Business White House, Trump pledge week of action after health care blow. Trump keeps focus on promises, meets with business owners at the White House. AG Sessions takes aim at sanctuary cities. Bill Gross settles Pimco lawsuit for about $81M: Sources.

 

We Provide, You Decide.” ©

 

Key Commodities

Crude Oil 47.85 –0.12 (-0.25%) Gold 1,254.10 5.60 (0.45%) Silver 18.12 0.38 (2.12%)

 

The markets at the Closing Bell Today…

S&P 500 2,341.59 –2.39 (-0.10%)

Dow 30 20,550.98 –45.74 (-0.22%)

Nasdaq 5,840.37 11.64 (0.20%)

Russell 2000 1,357.32 2.68 (0.20%)

 

Dailymarketwrap3272017dowjonesindustrialaveragesp500nasdaqcredityahoofinance-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Image credit, Yahoo, posted for the Daily Business News, MHProNews.

 

The MH Industry – Today’s Risers and Sliders 

The top two gainers for the day were were the Carlyle Group (CG) and UMH Properties Inc. (UMH).

The top two sliders for the day were the Patrick Industries Inc. (PATK) and Skyline Corp. (SKY).

 

Manufactured Housing Composite Value (MHCV) Ticker

Dailymarketwrap3272017yahoomanufacturedhousingcompositevaluemanufacturedhousingindustrydailybusinessnews-mhpronews

Credit: Yahoo Finance.

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew has changed their name and trading symbol at the end of 2016 to Lippert (LCII).

 

Dailymarketwrap3272017bloombergtickermanufacturedhousingindustryrelatedmarketreportdailybusinessnews-mhpronews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

 

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 all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


NIMBY, NIMBY, NIMBY – Residents Oppose MHC

March 27th, 2017 No comments
NIMBYNIMBYNIMBYResidentsOpposedMHCcreditObserverReporter-postedtothedailybusinessnewsmhpronewsmhlivingnews

Mike Wetzel presents plans for the community. Credit: Observer-Reporter.

In North Strabane Township, just outside of Pittsburgh, Pennsylvania, a new battle is brewing over a proposed manufactured home community.

According to the Observer-Reporter, developers are working on Hidden Acres, a 182-acre plan with 228 manufactured home units. Based on the location, which is zoned for manufactured homes, officials do not see a reason for the township to deny the proposal.

The (development) would be extremely difficult for the township to deny, unless there are deficiencies, said Frank Siffrinn, township manager.

But some area residents see it differently.

In what appears to be another case of NIMBY (Not-In-My-Back-Yard), Attorney Thomas McDermott, who represents a group of about 200 area residents, said at a public hearing on a conditional use application last week that his clients are concerned about traffic, a railroad crossing near the property, and the potential of narrowing nearby streets.

The Township planning commission recommended approval of the application from developers last month with conditions, including the requirement that the community be 55 plus.

I don’t think we could make that stick,” said township solicitor Gary Sweat.

Township, shaded in red. Credit: Google.

Mike Wetzel, of designer Victor-Wetzel Associates, says that the plan for the community would be done in six phases, and would not require adjustments.

We are not asking for any modifications,” said Wetzel. “This meets township ordinances.”

By rule, the board is required to make a decision within 45 days. Both parties on the matter agreed to leave the record open for 30 days to work toward an agreement.

We could possibly come to some kind of consensus,” McDermott said.

The Daily Business News has covered a number of potential NIMBY (Not-In-My-Back-Yard) stories recently, where current residents appear to be working to keep manufactured homes or communities out. Most notable is the case in Aiken, South Carolinawhere Councilman Danny Feagin was quoted as saying “As long as it keeps the mobile home parks [sic] out, I think the folks would be satisfied,” in relation to a proposed rezoning ordinance. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Tunica Forecast—Terrific for Growth

March 27th, 2017 No comments

The doors Spring open at the Tunica Manufactured Home Show Tuesday, March 28 at 12:45 PM as attendees are greeted by SCMHI executives.

Frank Rolfe, credit:MHProNews

Seminars kick off promptly at 1:00 PM as Frank Rolfe, one of today’s most publicized personalities in the world of manufactured housing, sparks the Getting Positive Media Coverage, Engaging the Media panel discussion. A successful partner in Mobile Home University and RV Horizons, Rolfe has been featured in The New York Times and Bloomberg.

Joining him on the panel will be Tom Fath, a partner in New Durham Estates, and while a bit more low key than Rolfe, he and his family have nevertheless realized a 400 percent growth in new home sales.

 

Tom Fath, credit: MHProNews

From 2:30 to 3:30 PM, 30-year + industry veteran, L. A. “Tony” Kovach, publisher of MHLivingNews and MHProNews, will lead a seminar on Attract and Sell more Qualified Customers by Engaging the Public through the Media. With articles and interviews published in numerous mainstream media, including the Chicago Sun Times NewsGroup and The Hill, Kovach will share facts, figures, tips and other strategies to increase your bottom line via positive media.

L. A. “Tony” Kovach, credit:MHProNews

Q and A will follow both presentations.             

From 3:40 to 5:00 PM Leading Manufactured Home Industry Lenders will present their strategies on attracting and selling more well qualified customers—both chattel and home/land– in a wide-ranging panel discussion, with updates on programs that you may not know about.

All seminars will be held in the Magnolia Room at the Resorts Casino.

http://tunicashow.com/

(Image credits are as shown above.)

 

Submitted by Matthew J. Silver to the Daily Business News for MHProNews.

 

 

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


City Invests in Manufactured Homes for Affordable Housing

March 27th, 2017 No comments
CityInvestsinManufacturedHomesforAffordable HousingcreditSonomaWest-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Sonoma West.

In Northern California, the city of Sebastopol is investing $258,000 into a project that establishes affordable housing for low-income residents at the city’s eastern gateway.

A partial solution for that affordable housing? Manufactured homes.

According to Sonoma West, at a city council meeting last week, officials decided to create a mix of affordable manufactured homes and apartments for residents at the Village Mobile Home Park.

Nine acres of the property is designed for the newly created Tomodachi Park and the rest will become a mix of the manufactured homes and apartments.

The $258,000 expenditure includes about $155,000 in construction and renovation work that the city will put out to bid and a $95,000 grant to the West County Community Services (WCCS) agency to manage the housing units and provide services to “precariously housed Sebastopol-area families.

65 people currently reside in the 18 home community, and an agreement with a nearby Guerneville-based nonprofit agency calls for it to provide eight more manufactured homes for new tenants.

City officials stressed that WCCS will not be operating a homeless services center at the location, but will provide support services to residents such as access to medical and substance abuse services.

The agency provides similar services at Sebastopol’s “limited income units” at three other communities in the area.

A major concern for officials is what happens when the nearby Laguna de Santa Rosa River rises and inundates a large area of the property where manufactured homes are located.

The agency will have to develop an emergency evacuation plan that will likely involve hauling threatened mobile home [sic] units to higher ground in event of flooding,” said Tim Miller, WCCS executive director.

Funding for the project is coming from a source called “inclusionary housing fees,” which developers pay in lieu of providing affordable housing units in their buildings.

The city has collected about $360,000 in such fees, but that amount is too small for the city to undertake affordable housing construction on its own,” said Sebastopol Mayor Una Glass. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


All Eyes on Tunica for Manufactured Housing This Week

March 27th, 2017 No comments
AllEyesonTunicaforManufacturedHousingThisWeekcreditTunicaShow1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Tunica Show.

The 2017 Tunica Manufactured Home show officially kicks off tomorrow with in-depth educational seminars, and with information focused on growth for you, and for the industry.

Kicking off at 1pm in the Resorts Hotel Magnolia Room, the “Getting Positive Media Coverage, Engaging the Media” panel discussion features Frank Rolfe, partner in RV Horizons and Mobile Home University (MHU), who has been featured about a dozen times in recent years, in the New York Times, Bloomberg and other news publications.

Frank Rolfe.

This panel also features Millennial and third-generation family-owned community partner, Tom Fath, who will share his experiences at how they boosted new home sales some 400 percent, using the same lending programs they had previously. They increased sales as well as margins on new and pre-owned homes.

This not to be missed panel will be moderated by MHProNews and MHLivingNews Publisher L. A. ‘Tony’ Kovach.

LATonyKovachMHProNews-com-

L. A. ‘Tony’ Kovach addressing industry professionals in an educational session.

At 2:30p, Kovach takes center stage with a deep dive into solutions with his presentation, “Attract and Sell More Qualified Customers Engaging the Public Through Media.”

Interviewed and featured in the likes of the Chicago Sun Times, The Hill and dozens of other mainstream media publications, Kovach’s marketing clients have documented growth by engaging the public through media.

He will share facts, figures, tips, and strategies that can create positive media to attract and sell more qualified customers for your location(s).

These proven tools are the key to attracting and selling more cash and well-qualified credit customers.

AllEyesonTunicaforManufacturedHousingThisWeekcreditTunicaShow2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Tunica Show.

At 3:40pm, it’s “Lessons Learned – MH Industry Lenders Panel – Manufactured Home Industry Lenders Share Their Tips on Attracting, Selling More Well Qualified Credit Customers, where top industry lenders will share what their top locations do to attract and close customers.

Expect key insights from lenders on programs that you may not currently use or know about.

 

If You Go 

All seminars will be held at the Resorts Casino, in the Magnolia Room. This area is located on the second level of the casino. The SCMHI luncheon will be held on the third level at the Resorts Hotel in the “event center” on Wednesday, March 29th and Thursday, March 30th.

 

Weather in View

AllEyesonTunicaforManufacturedHousingThisWeekcreditWeather-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Weather.

Good idea to take an umbrella this week, with a chance of scattered showers in the forecast.

 

You can find additional details on the show linked here, or by visiting the Tunica Show page: http://tunicashow.com/ ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

 

AllEyesonTunicaforManufacturedHousingThisWeekcredit-postedtothedailybusinessnewsmhpronewsmhlivingnews

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Sunday Morning Weekly Recap Manufactured Housing Industry News March 19th 2017 to March 26th 2017

March 26th, 2017 No comments

sunday-morning-weekly-manufactured-home-pro-news-recap-1-4-to-1-10-2015-mhpronews-com-Our theme for this month is The Manufactured Housing Industry’s March Madness, and our featured articles are now live on the MHProNews.com home page.

To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

mhpronewslogoindustrynewstipsviewsproscanuse

When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

 

What’s New On MHLivingNews

 mhlivingnews-improvedlivingforle-logo

Triad Financial Services Introduces Superior Choice Credit Union to Manufactured Homes & Loans – Video

 

American Dreamers and HUD Secretary Dr. Ben Carson; How Millions Could Win by Enforcing the Law

 

What’s New On MHProNews

 

Saturday March 25th, 2017

Crowdfunding the American Dream With Manufactured Housing?

 

Friday March 24th, 2017

A Fully Furnished Manufactured Home in Three Days?

 

Skyline Spikes, Manufactured Housing CV Gains, Broader Markets Mixed

 

MHProNews, MHLivingNews in Focus: 2017 Tunica Manufactured Housing Show

 

DTS Manufactured Home Lending – Views to FHFA NAFCU, an Innovative MH Community Operator, and MHARR

 

Manufactured Housing – Highly Effective Urban Infill?

 

Thursday March 23rd 2017

Update: Manufacturers Must Turn Over Documents in FEMA Case

 

UMH Soars, Manufactured Housing CV Gains, Broader Markets Down

 

Editorial: Resident Opposes Sale to Hometown America

 

MHARR: Manufactured Housing Must Remain Federally Regulated

 

County Commission Tackles Tiny Homes

 

Wednesday March 22nd, 2017 

Nation Seeks Affordable Housing Solutions, Looks to Modular

 

UMH Rises, Manufactured Housing CV Down, Broader Markets Mixed

 

Town Battle for Modular Inclusion

 

Vandalism Affects Manufactured Home Community

 

Frank Rolfe–Manufactured Home Communities, Prospective HomeOwners Win with Trump

 

Tuesday March 21, 2017

The Heat is On – Pressure Mounts on CFPB

 

LCI Down, Manufactured Housing CV, Broader Markets Hit Hard

 

Factory Build Smart Homes – With a Twist?

 

“Otter-ly” Surprised by New Residents

 

Nobility Homes Reports Q1 2017 Results

 

Monday March 20th, 2017

 

Update: Exposed High Voltage Cable at MHC

 

Where Democrats, Republicans, Business Professionals and Non-Profits Agree

 

Skyline Soars, Manufactured Housing CV Up, Broader Markets Mixed

 

Last Stand for Manufactured Home Community Residents?

 

Homebuilder Confidence Numbers Released

 

Sunday March 19th, 2017

 

Sunday Morning Weekly Recap Manufactured Housing Industry News March 12th 2017 to March 19th 2017

 

 

(Image credits are as shown above.)

 

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Crowdfunding the American Dream With Manufactured Housing?

March 25th, 2017 No comments
CrowdfundingtheAmericanDreamWithManufacturedHousingcreditPPC1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Park Place Communities.

In Jacksonville, Florida, one company is taking a unique path to offer the American dream of homeownership to more citizens.

And manufactured housing is center stage.

Park Place Communities (PPC), a national real estate investment company specializing in affordable housing, is seeking a total of $1 million in capital to facilitate a large-scale affordable home project.

According to Globe St., PPC plans to take existing manufactured homes, renovate them, and sell them to qualified buyers using five-year amortized mortgages. The buyer will make monthly payments for five years at 12 percent.

This allows buyers to purchase the mobile home [sic] for about the same monthly cost of renting,” said CEO Andrew Lanoie of PPC.

CrowdfundingtheAmericanDreamWithManufacturedHousingcreditLinkedIn-postedtothedailybusinessnewsmhpronewsmhlivingnews

Andrew Lanoie. Credit: LinkedIn.

There is a huge demand for affordable housing right now and there are not enough parks [sic] to fill that void. Right now, there are roughly 50,000 affordable housing parks [sic] in the United States.

The company assisting PPC with the plan is IHT Realty Crowdfunding, a real estate company that helps sponsors raise capital for their acquisitions. PPC is looking to expand its operations and acquire an additional 15,000 to 20,000 manufactured homes over the next few years.

With housing costs projected to rise, Lanoie says manufactured homes are becoming a practical alternative.

As the wage gap in the United States widens, there has been a shift towards lower paying jobs, which leads to an increase in demand for affordable housing,” said Lanoie.

With 10,000 Baby Boomers retiring every day, 47 percent of which don’t have any retirement savings, affordable houses are their last opportunity of home ownership,” said IHT Realty Crowdfunding CEO Dan Summers.

CrowdfundingtheAmericanDreamWithManufacturedHousingcreditPPC2-postedtothedailybusinessnewsmhpronewsmhlivingnews

A Park Place community. Credit: Park Place Communities. 

According to a statement, Park Place Communities is a national Top 100 owner-operator of manufactured home communities, and currently owns 13 in eight states with nearly 1,000 total homesites.

Mobile home parks [sic] are one of the most stable and predictable investments during a recession and recovery,” said Lanoie.

As Daily Business News readers are already aware, the myths, and the facts surrounding manufactured housing abound. To learn more, including why manufactured housing is the solution hiding in plain sight for many to achieve the American Dream, click here. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


A Fully Furnished Manufactured Home in Three Days?

March 24th, 2017 No comments
AFullyFurnishedManufacturedHomeinThreeDayscreditGoErie1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: GoErie.

On Monday, a 1400 square-foot manufactured home arrived in two pieces at Bayfront Convention Center in Erie, Pennsylvania.

The occasion? The annual Erie Home & Garden Expo. But the real story is how quickly that manufactured home got put together.

With about three days of hard work, the home is ready for visitation as the centerpiece attraction for the event.

According to GoErie, Hawk Manufactured Homes, of Youngsville, is showcasing the 1,387-square-foot home, which is priced at $88,900. The home’s 27-foot-by-52-foot floor plan features three bedrooms, two full baths, a kitchen, dining nook, utility room and many other amenities.

Manufactured homes are popular with young couples just starting out and with retirees who are looking to downsize,” said Hawk Manufactured Homes Manager Shawn Finefrock.

The Expo is expected to draw between 8,000 and 10,000 visitors, featuring more than 160 exhibitors.

With the showcase home, there’s a story behind the story… starting with when it arrived.

It just barely squeaked past the doors inside here,” said Mark Concilla, of Erie Promotions & Expos.

Watching them pull the two pieces together is quite an art because they have a lot of very sophisticated trucks and they can kind of shift it together.

After the house was put together, crews got to work on the inside handling drywall, and installation of carpeting and flooring. Exterior work included installation of siding and roof shingles, ramps, steps and landscaping.

AFullyFurnishedManufacturedHomeinThreeDayscreditGoErie2-postedtothedailybusinessnewsmhpronewsmhlivingnews

The completed home. Credit: GoErie.

On Thursday morning, a truck containing all of the home’s furniture, art, lamps, window treatments and accessories arrived at the Convention Center. That’s when interior designer Randall Farabaugh, of Arthur F. Schultz Co., got busy.

A six-person crew had the home furnished in about four hours.

The theme is rustic lodge,” said Farabaugh. “We have a lot of dark browns and leathers and animal heads. It’s just a very rustic look. We love doing this project. The majority of the people who walk through that door say, ‘I could live here.’ We get that all the time. We want it to look like you can actually move in. We don’t want it to look unfinished, we want it to feel like somebody actually lives here.

 

If You’re Planning to Attend

The Erie Home & Garden Expo takes place at the Bayfront Convention Center, 1 Sassafras Pier, through Sunday, and hours are 10 a.m. to 8 p.m. Saturday; and 11 a.m. to 5 p.m. Sunday.

Admission is $7 for adults. Children under 10 are free.

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Skyline Spikes, Manufactured Housing CV Gains, Broader Markets Mixed

March 24th, 2017 No comments
Dailymarketwrap3242017dowjonesindustrialaveragecreditcnnmoney-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Credit: CNN Money.

Noteworthy headlines on – CNNMoney – House Republicans pull health care bill. Boom lands $33 million to test supersonic aircraft. NFL is looking for a partner to Livestream games. Mnuchin talks tech: “I don’t understand these valuations.

Some bullets from Fox Business Trump: “We were very, very close” on Health Care bill. Trump: Charter will invest $25B in U.S., hire 20K workers. Why Google ad boycott is just the tip of the iceberg. Trump tax reform could boost small caps.

 

We Provide, You Decide.” ©

 

Key Commodities

Crude Oil 47.70 –0.34 (-0.71%) Gold 1,246.60 –3.10 (-0.25%) Silver 17.60 7.83 (0.58%)

 

The markets at the Closing Bell Today…

S&P 500 2,343.98 –1.98 (-0.08%)

Dow 30 20,596.72 –59.86 (-0.29%)

Nasdaq 5,828.74 11.04 (-0.19%)

Russell 2000 1,354.64 1.22 (0.09%)

 

Dailymarketwrap3242017dowjonesindustrialaveragesp500nasdaqcredityahoofinance-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Image credit, Yahoo, posted for the Daily Business News, MHProNews.

 

The MH Industry – Today’s Risers and Sliders

The top two gainers for the day were Universal Forest Products Inc. (UFPI) and Skyline Corp. (SKY).

The top two sliders for the day were the Carlyle Group (CG) and Equity LifeStyle Properties Inc. (ELS).

 

Manufactured Housing Composite Value (MHCV) Ticker

Dailymarketwrap3242017yahoomanufacturedhousingcompositevaluemanufacturedhousingindustrydailybusinessnews-mhpronews

Credit: Yahoo Finance.

 

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew has changed their name and trading symbol at the end of 2016 to Lippert (LCII).

Dailymarketwrap3242017bloombergtickermanufacturedhousingindustryrelatedmarketreportdailybusinessnews-mhpronews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

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 all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com