Archive

Archive for the ‘Company News’ Category

“Protecting & Promoting Competition” Stunned Defendant, as DOJ OK’s Anti-Trust Appeal, Plus MH Market Updates

July 12th, 2018 No comments

CNNmoney7.12.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Department of Justice’s (DOJ) anti-trust division has the slogan, “Protecting and Promoting Competition.” It sums up why this issue matters to thousands of manufactured home industry professionals, and consumers. Rephrased, this rule could impact every manufactured home industry professional, regardless of what company or organization you are working for today.  The update on the anti-trust case will be tonight’s spotlight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” ©  It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • MoviePass stock is 19 cents. CEO says everything is fine
  • Why investors should worry about plunging copper and soybean prices
  • Is the binge over for Netflix stock?
  • Nike’s digital reboot is working
  • US-China trade brawl threatens America’s booming oil exports
  • India now has the ‘world’s strongest’ net neutrality rules
  • Airlines are starting to worry about rising fuel costs
  • Britain wants to do more business with America. Its plan for Brexit won’t help
  • Uber saved its London business. Europe may be tougher to crack
  • Europe says trade fight with US will hurt economic growth
  • The US is fighting one of the world’s poorest countries over trade
  • Stitch Fix wants a piece of the kids’ clothing market
  • Why perks aren’t the answer to employee retention problems
  • The crippling US ban on ZTE is almost over
  • Tesla ‘whistleblower’ tells SEC carmaker misled investors and put customers at risk
  • Papa John’s chairman resigns after using N-word on conference call
  • Robinhood expands crypto offerings
  • Comcast outbids Fox in the fight for Sky
  • Rupert Murdoch plans new Sky bid
  • Buying Fox would make Disney the ‘Walmart of Hollywood’
  • Business Insider columnist quits after Scarlett Johansson story deleted
  • Disney bets on eSports
  • Uber’s HR chief is out after a racial discrimination probe
  • The world’s most important business link is at risk
  • The US is running out of Chinese exports to tax
  • Can kitchen tech reduce excessive food waste?
  • Pfizer’s not the only drug company raising prices
  • 10 years ago: IndyMac collapses and starts a flood of bank failures
  • Germany’s not the only country that still needs cheap Russian gas

Select Bullets from Fox Business

  • Best and worst states for retirement
  • Justice Department to appeal AT&T-Time Warner case
  • Stocks rebound after tariff threat sell-off
  • Rising oil demand may outstrip supply, boosting economy
  • Importers snap up cheap US soybeans as China stops buying
  • Why Trump slammed Germany for gas pipeline deal with Russia
  • Wealthy investors find lucrative tax loophole
  • Netflix tops HBO in Emmy nominations amid spending push
  • Forbes faces backlash over dubbing Jenner a ‘self-made’ almost-billionaire
  • No more tickets? MLB fans will soon use fingerprints, facial recognition instead
  • Papa John’s Chairman Schnatter resigns after using racial slur
  • Tesla customers could lose thousands in tax credits next year
  • Microsoft may relocate jobs over Trump immigration policy
  • Higher living costs outrunning pay hikes
  • Monsanto to get flooded with thousands of cancer-related lawsuits
  • Why South Dakota is now ranked the best state to retire
  • Trump tariffs would do ‘opposite’ of tax cuts, retail experts warn

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.12.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.12.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

DOJFTC-AntiTrustProtectingPromotingCompetitionManufacturedHousingINdustryDailyBusinessNewsMHproNews

CNBC confirmed today the report broken last night by Fox Business and spotlighted in our topical curation for manufactured housing industry professionals.

Per CNBC:

  • Justice Department authorized the appeal of the Time Warner-AT&T merger
  • The AT&T-Time Warner merger was “won approval in June from a federal judge, who did not impose conditions on the merger.”
  • The Justice Department argues that the combined company would decrease competition and raise prices for consumers.
  • While there are legal authorities on both sides of this issue, there are those who believe that some of the concerns raised in this anti-trust deal, could apply to Clayton Homes, Berkshire Hathaway, and their associated lending units.

The updated video by Fox Business – made available to MHProNews less than an hour ago – is shown below.

The link to yesterday evening’s more detailed report – with links to several related issues and thus potential impacts Berkshire Hathaway, Clayton Homes, et al, is found in the report linked below.  Berkshire Hathaway slid a fraction today.

DOJ Anti-Trust Division Looking to Appeal Decision, Plus Manufactured Housing Market Updates

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

7.12.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

DOJ Anti-Trust Division Looking to Appeal Decision, Plus Manufactured Housing Market Updates

July 11th, 2018 No comments

CNNmoney7.11.2018ManufacturedHomeStocksMarketsReportsMHProNewsDepending on who you ask in MHVille, the AT&T/Time Warner deal ruling either has little meaning for manufactured housing companies, or it may have real significance. What is now being revealed, is that the Trump Administration DOJ is considering an appeal.  That will be our focus 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 report is found further below, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” ©  It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Trade war? Here’s why investors should really worry
  • Why the Dow is getting left in the dust
  • Mohamed El-Erian explains the big risks investors face
  • Europe and the US have the world’s most important business ties
  • Foreign investment in the United States plunged 32% in 2017
  • Analysis: Will Brian Roberts lose it all?
  • Oprah expands her food empire
  • Twitter is purging suspicious accounts from your follower count
  • Facebook faces maximum fine in UK for data scandal
  • A Russian company also had access to Facebook user data
  • YouTube says it has a plan to stem the flow of ‘fake news’ videos
  • Apple and Google face questions on smartphone data privacy
  • Tim Hortons is moving into China
  • Pfizer freezes price hikes after Trump complains
  • Wall Street has Trump whiplash
  • Tickets for Sean Spicer book launch party going for up to $1,000
  • Tax cut triggers $437 billion explosion of stock buybacks
  • Germany isn’t the only country that still needs cheap Russian gas
  • India pours $305 million more into its money-losing airline
  • China is owning the future of cars. German automakers want in
  • Tesla is going big in China
  • How Thailand became the ‘Detroit of Asia’
  • The retirement mistake that could cost you $100,000 or more

 

Select Bullets from Fox Business

  •  Solicitor general balking at DOJ plan to appeal AT&T-Time Warner deal
  • Oil down 5% as new supplies cause traders to sell
  • Trump rally: Hottest sectors since Election Day
  • Stocks slide as US prepares $200B in tariffs on Chinese goods
  • China says will hit back after US proposes fresh tariffs on $200B in goods
  • Future of Fox entertainment assets in focus at Sun Valley conference
  • Papa John’s founder apologizes for using racial slur, shares sink
  • Kylie Jenner set to be the youngest-ever self-made billionaire
  • Macy’s data breach exposed credit card information for some online shoppers
  • Congress eyes truck driver shortage solution
  • Oprah just invested a ‘significant’ amount into this restaurant business
  • Monsanto to get flooded with thousands of cancer-related lawsuits
  • Tax law to make divorce proceedings messier
  • Trump ups NATO contribution target as allies lag on defense spending
  • Kavanaugh could make red wave probable in Senate come November: Varney
  • Will Comcast try to outbid Fox for Sky?
  • Feds order shut down of Vermont immigrant investor center
  • Why Fastenal Company Stock Popped 10%

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.11.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.11.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

AntiTrustDivisionDeptOfJusticeManufacturedHousingIndustryDailyBusinessNewsMHproNews

Depending on who you ask in MHVille, the AT&T/Time Warner deal ruling either has little meaning for manufactured housing companies, or it may have real significance. What is now being revealed, is that the Trump Administration DOJ is considering an appeal.  That will be our focus for this evening.

 

Obvious disclosure, we are not attorneys nor are we the even more specialized class of lawyers and legal scholars who work on anti-trust related issues.

That said, in recent years, as MHProNews has covered periodically, concerns about Berkshire Hathaway, Clayton Homes, and allegations of monopolistic practices have been brewing.  The Seattle Time revealed what MHProNews readers already knew, namely, that federal officials are looking at several issues that involve Clayton and their lending related units, Vanderbilt Mortgage and Finance (VMF), and 21st Mortgage Corp. (21st).

As an FYI, there is an unrelated story about 21st and their lending that is brewing, which we plan to bring in the days ahead as the details become more clear.

Against that backdrop, the word that there is a battle within DOJ to appeal the AT&T case loss is noteworthy.  Fox Business’ Charlie Gasparino comments on the developments in this video. That said, the DOJ antitrust division is looking to appeal AT&T-Time Warner ruling, reports Charlie Gasparino.

 

 

Antitrust officials in the Justice Department (DOJ) have privately decided to appeal a federal judge’s approval of AT&T’s planned $85 billion takeover of Time Warner, but are facing resistance from the most important player in the process, the office of the U.S. Solicitor General.

 

The Fox Business Network has learned from people close to the DOJ’s antitrust division that an appeal of the landmark ruling by U.S. District Judge Richard Leon is all but a certainty if Solicitor General Noel Francisco approves the action.

But that approval, which is being sought by antitrust chief Makan Delrahim, faces resistance from the Solicitor General’s office, which must approve any appeal made by the DOJ either in federal courts or the Supreme Court, these people said.

The view in the Solicitor General’s office is that the government has limited capabilities of successful appeals and you don’t want to squander those on cases that are borderline,” said one government official who spoke on condition of anonymity,” said the Fox report.

Gasparino makes it sound like the anti-trust attorneys involved believed their odds are good.

That said, whatever the decision in this particular case, it supports the notion that in the foreseeable future, more anti-trust cases may be heard.  Will Clayton, 21st, VMF and Berkshire Hathaway be among them?  Or what about Amazon, Facebook and Google’s parent company, Alphabet?

Time will tell, stay tuned.

Related Reports:

Facebook, Marketing & News – Manufactured Housing Pros, Sarah Miller, ‘Citizens Against Monopoly’ Sound the Alarm

Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

7.11.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

U.S. vs China, SCOTUS Pick, Biz Effects, and MH Market Updates

July 9th, 2018 No comments

CNNmoney7.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsBefore diving into tonight’s feature, millions will tune in tonight to see who President Donald J. Trump will nominate to replace retiring Justice Anthony “Tony” Kennedy on the Supreme Court of the United States (SCOTUS). Some have speculated on a variety of supposed top contenders. An interesting op-ed by Senator Orin Hatch May provide a clue, when it uses the pronoun “she” to describe the pending nominee. 

According to the often-announced plan, sometime after 9 PM ET, the nation will know.

That said, beyond the data for today’s tracked manufactured home industry connected equities, the focus for tonight’s is what Fox Business called a “risky” trade war.

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 Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • The product is banned in some cities. The company is valued at $2 billion
  • Sell tech: Morgan Stanley’s warning to investors
  • Disney set to nab 700 million viewers in India
  • Samsung goes big in India with ‘world’s largest mobile factory’
  • Is HBO the next Netflix?
  • Tencent Music could reach $30 billion valuation in US IPO
  • Inside Adidas’ vision for the future
  • Driving the Subaru 360, one of the worst cars ever sold in America
  • ‘Ant-Man and the Wasp’ marks Marvel’s 20th straight No. 1 opening
  • Tariffs cast a shadow as earnings season begins
  • US soybean farmers say China tariffs could result in ‘serious damage’
  • Chicken nuggets, avocados and whiskey. The trade war is making 1,300 products more expensive
  • 4 ways to make your workday more productive
  • What we lose when we let Trump’s tweets and insults take over the news
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Sonos prepares to go public
  • ‘Ant-Man and the Wasp’ caps off Marvel’s blockbuster year
  • Uber and Lyft want to be about so much more than cars
  • Samsung’s run of record profits fizzles out
  • Having more control over your data doesn’t mean it’s safe
  • China says the US has started ‘the biggest trade war’ in history
  • Google’s eerily human phone bot is ready for the real world
  • Boeing’s hypersonic passenger plane could get you from New York to London in 2 hours
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • The new Fox will be a sports and entertainment hub
  • MoviePass rolls out surge pricing
  • Another strong jobs report. Here’s why unemployment jumped
  • Mall vacancies hit six-year high
  • Trump calls journalists ‘bad people’ at rally a week after newsroom shooting
  • Is this the future of home renovation?
  • Amazon could radically change how you get prescriptions
  • These gadgets could transform the lives of visually impaired people
  • Jaguar Land Rover: Brexit threatens our plan to spend $100 billion in the UK

Selected headlines and bullets from Fox Business:

  • Trump rips Pfizer for raising drug prices
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Stock rally continues following jobs report
  • The next recession: When, and why it will happen
  • Chinese customs clears some US goods as new tariffs take effect: sources
  • Amazon Prime Day 2018: How to score the best deals
  • Trump’s Supreme Court nominee will be ‘outstanding’: former clerk for Justice Scalia
  • Starbucks is officially going strawless
  • Twitter stock falls as company tackles fake accounts
  • This new game show will pay off your student loan debt
  • Economists understating US GDP
  • Will Elon Musk’s ‘kid submarine’ be used in Thai rescue?
  • War on straws: 5 eco-friendly alternatives to plastic
  • AT&T to overhaul HBO, add more original content: report
  • Trump feeds on the rage of opponents: Varney
  • Elvis, Beatles memorabilia items on display at Hard Rock
  • Twitter stock falls as company tackles fake accounts[overlay type]
  • Twitter stock falls as company tackles fake accounts
  • Why Advanced Micro Devices Stock Gained 59% So Far in 2018
  • How Pandora Media Inc. Shares Soared 63.5% Higher in the First Half of 2018
  • A solid first-quarter report was music to the ears of success-starved shareholders.

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.9.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.9.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

It may surprise some to learn that a third-party research found that Fox News is roughly a 50-50 split on coverage that is for-or-against the president and Trump Administration policies.

Seriously?

While many Fox News and Fox Business hosts are pro-POTUS Trump, not all are.

Further, many of the shows feature panel discussion, where they bring in Democratic, or so-called RINO, and “never Trump” backers.

 

The video above is an example of a report that is largely negative about the Trump trade gambit. It isn’t until the very end of the video that you get a sense of why the president is taking this tactic in the first place.

The interview with Forbes’ Steve Forbes is also tentative about the issue of trade.

But there are voices in the business world that think that this is precisely the right strategy, and it is the right time, because there is a nice cushion fueled by more jobs, rising wages, lower taxes, more common sense regulations and the like.

Time will tell.  But as Marty Lavin, or CNBC’s Cramer have observed, the time is right for this battle. If not now, when will the U.S. stand up to China’s theft of intellectual property, or other problematic trade practices?

USChinaTradeWarManufacturedHousingIndustryDailyBusinessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

7.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

Record Employment, Rising Popularity, Plus Manufactured Housing Industry Connected Stocks, Evening Market Report

July 6th, 2018 No comments

CNNmoney7.6.2018ManufacturedHomeStocksMarketsReportsMHProNewsA new Reuters Ipsos poll tells the Daily Business News that the top two issues for most voters in the approaching midterms will be employment and immigration. Even as the long-awaited tariffs between the U.S. and China both kicked in today, a series of positive jobs data sparked a rise in the markets.  These will be part of our evening ‘what’s driving the market’ snapshot.

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 Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Driving the Subaru 360, one of the worst cars ever sold in America
  • Adidas’ vision for the future: Personalization, fast
  • ‘Ant-Man and the Wasp’ caps off Marvel’s blockbuster year
  • Sonos warns about trade war as it prepares to go public
  • Another strong jobs report. Here’s why unemployment jumped
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Samsung’s run of record profits fizzles out
  • Can Chinese smartphone giant Xiaomi survive a trade war?
  • Having more control over your data doesn’t mean it’s safe
  • Airbus CEO: The UK has ‘no clue’ on Brexit
  • Brexit nightmare is coming true for business
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • MoviePass rolls out surge pricing
  • Trump calls journalists ‘bad people’ at rally a week after newsroom shooting
  • Even the gig economy has a wage gap
  • The wage gap starts earlier than you might think
  • Global employment is rising. Salaries not so much
  • China’s ZTE names new CEO as it races to meet US demands
  • Air India now flies to ‘Chinese Taipei,’ not Taiwan
  • Singapore says Uber may have to unwind merger with rival
  • Is this the future of home renovation?
  • Amazon could radically change how you get prescriptions

Selected headlines and bullets from Fox Business:

  • Why higher unemployment signals a strengthening economy
  • June jobs growth jumps with 213K jobs added
  • US stock market gaining, despite US-China trade war
  • Jobs report could signal a ‘stampede’ back into the workforce
  • Hilsenrath on jobs: It’s a good report, economy is on solid footing
  • ‘Ghosting’ – what it is, what it means for US economy
  • Tariffs on Chinese goods now in effect
  • Why didn’t many retirees see a Social Security increase?
  • IRS may deny 362,000 Americans passports for unpaid taxes
  • Texas gas stations to pay back customers for Hurricane Harvey price-gouging
  • Musk sends engineers to help Thai boys trapped in cave
  • Sonos files for IPO
  • Micron vs. China: A battle hitting America’s heartland
  • Biogen shares surge on positive results of Alzheimer’s drug test
  • Ford, GM assess China tariff impact on prices
  • Why AT&T could become the next online advertising giant
  • Stocks that moved substantially or traded heavily Friday: Biogen Inc., up $58.67 to $357.48

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.6.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.6.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

The Drudge Report mined the following headlines today.

James Carville’s famous line, “it’s the economy, stupid.” is the counterpoint to his equally infamous, and prejudicial “trailer park” line.  It’s a classic example of the necessity for discernment, for sifting the wheat from the chaff that MHProNews believes is essential for understanding the industry’s realities today.

Wheat, Chaff, and the Monday Morning Manufactured Housing Sales, Marketing Meeting

Publicly traded manufactured home producers routinely point in their quarterly and/or annual reports how rising employment and rising pay are good for new home sales.  Duh, of course, right?

JuneJobsReportCNBCWHeretheJobsAreOneGraphic

The jobs growth are in areas that President Obama in his waning days before the 2016 election said would not be coming back. One of the drivers for the Trump team is to prove that their policies are good for the people, business and the nation at large.

The latest Reuters Ipsos poll could, of course, shift between now and the midterms. But the two hot topics, according to other polls, tell us these are issues that should play well for President Donald J. Trump and his party’s partisans.

ReutersIpsosPollManufacturedHousingIndustryDailyBusinessNewsMHProNews

For those who watch a Trump rally with an open mind, it has a similar feel to the ones in 2016, with one key difference.  Then, those rallies were about promises being made.  Now, they are about the results of promises being kept.

RecordEmploymentRisingPopularityPlusManufacturedHousingIndustryConnectedstocksEveningMarketReport

Workers and most businesses alike have reason to smile.  The anti-Trump resistance isn’t giving up.  It will be an interesting, perhaps historic ride to the midterms.

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

7.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Tricon closed its sale of manufactured home communities, so TCN is now de-listed from our manufactured housing industry connected equities.

Sale of $172 Million Manufactured Home Community Portfolio Completed

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

U.S. Senator Ted Cruz – El Chapo Plan, Video Interview, Plus Manufactured Housing Market Update$

July 3rd, 2018 No comments

CNNmoney7.3.2018ManufacturedHomeStocksMarketsReportsMHProNewsHaving published Senator Elizabeth Warren (D-MA) and others on the left a chance, it is time to do a video with a Texas GOP conservative, Senator Ted Cruz.  An interview with him will be our spotlight going into the 4th of July holiday today.

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 Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Mall vacancies hit six-year high
  • The truth about the retail apocalypse
  • Delta Air Lines hit by rising fuel prices
  • Facebook buys an app for teens and shuts it down
  • Every US-made car is an import. That’s bad news for automakers
  • Facebook data scandal draws growing federal scrutiny
  • Facebook apologizes for bug that temporarily unblocked people
  • New Jersey poised to invest $5 million into local journalism
  • New York Times DC reporter who dated Senate intelligence staffer reassigned to New York
  • She started a newspaper that helps Ohio’s inmates rebuild their lives
  • A guide to making friends at work
  • Why women need mid-career mentors
  • The power of more than one woman on a board
  • ‘I think we just became a real car company’: Tesla finally hits Model 3 target
  • MoviePass is running out of money
  • Dell is ready to return to Wall Street
  • Lyft, like Uber, is moving beyond cars
  • Starbucks advisers say the company needs to do more to end racial bias
  • Rent the Runway CEO: Giving all employees the same benefits is the ‘right thing to do’
  • Roger Federer ditches Nike for Uniqlo
  • CNN’s Jim Acosta is undaunted by critics: ‘We have a job to do’
  • School security is a rapidly growing business
  • US box office has record quarter thanks to a string of summer hits
  • On the test track in Porsche’s most powerful plug-in hybrid
  • EU warns Trump’s car tariffs threaten $300 billion of US exports
  • Canada hits $13 billion of US goods with new tariffs
  • Tesco and Carrefour join forces to keep prices down
  • Growing pains across America’s biggest oilfield
  • What’s killing Big American Beer?
  • America’s favorite store that everyone forgets about
  • Why Pepsi made ‘Uncle Drew’ into a movie
  • Despite lessons from the past, US cities are optimistic for 2026 World Cup
  • The US-China trade war will spill into other Asian economies
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • GM warns tariff could force job cuts, raise cost of cars
  • Companies that want out of new steel tariffs describe a nightmare
  • Halftime report: Why the ride for global markets got so bumpy
  • China opens up more of its economy to foreign companies

Selected headlines and bullets from Fox Business:

  • California is bad for business, state needs 3-way split: Tim Draper
  • US stocks close lower, Dow off triple digits
  • July 4: Which markets are closed?
  • Top US automakers report higher auto sales in June
  • Truck driver shortage: Are 18-year-olds the solution?
  • A longstanding regulation limits the ability of younger Americans to haul freights across state lines.
  • Trump should nominate Mike Lee for the Supreme Court: Kennedy
  • Feeling patriotic? Here are 5 American-made products
  • US should throw China out of the WTO: Peter Morici
  • Trump courts rivals of Harley-Davidson after it says production moving
  • These tax changes go into effect in July
  • Amazon Prime Day now six hours longer
  • Toys ‘R’ Us adding to ghost malls nationwide
  • Nathan’s Hot Dog Eating Contest prize pool: What event winners earn
  • Kathy Ireland ventures into shipping container business
  • Fourth of July fireworks spending may hit a record
  • July 4th travel to hit all-time record, AAA predicts
  • Travel times are expected to double in some cities.
  • July 4 holiday travel forecast breaks record
  • Seadrill Ltd. Stock Isn’t Up 22,000% Today (It’s Actually Down): Here’s What You Need to Know
  • Why Shares of Acuity Brands, Inc. Popped 19% Today
  • Why Tesla, Facebook, and Micron Technology Slumped Today

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.3.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.3.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Political junkies may recall that Senator Ted Cruz stopped short of endorsing Donald J. Trump at the Republican Convention in 2016.  Cruz took significant push-back from that, and today’s video will remind some of a still hesitant Texas Senator in promoting the 45th president.

NeverTrumpPoliticalCartoonDemDonkeyComplainsNeverTrumpElephantListensmanufacturedhousingindustrynewsmHPronews

In fact, there’s a moment where Cruz almost sounds like a never-Trumper, which is why we’re pairing up the political cartoon shown above.

ElChapoJoaquinGusmanMexicanDrugLordManufacturedHousingIndustryDailyBusinessNewsMHproNews

That said, Cruz talks about a his El Chapo plan, and a variety of other hot-button topics in this under 7 minute video. 

 

TedCruzPlusMHMarketUpdatesManufacturedHousingINdustryDailyBusinessNewsMHProNews

Happy Fourth of July to all.  ICYMI, you may want to check out a meaty topic on manufactured housing vs. subsidized housing, and the underlying issues for the industry, investors and America.

Affordable Housing, Subsidized Housing, Manufactured Homes, Private Property, and Proclaiming Liberty

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

7.3.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

Sunday Morning Manufactured Home Industry Research, Reports, Headline News Recap 6.24.2018 to 7.1.2018

July 1st, 2018 Comments off

SundayMorningManufacturedHousingIndusryNewRecapMHProNewsLogoDaliyBusinessNewsMHProNewsSundayMorningManufacturedHousingIndusryNewRecapMHProNewsLogoDaliyBusinessNewsMHProNews

There is no question that Dinesh D’Souza is a partisan.

 

There is also no doubt that D’Souza was pardoned for his minor offense during the Obama Administration by the new occupant of the White House.

DeathofaNationVideoPreviewDineshD'SouzaMovieTrailerMobileManufacturedHousingIndustryDailyBusinessNewsMHProNews

The question that those on both sides of the left-right partisan divide should ask themselves is this.

Is D’Souza’s movie premise correct?

Or are his points mere theatrics?

Having gone to the theater, as well as purchased prior D’Souza videos, we can only speak to his prior work with first hand authority.

His prior movie hits were:

  • thought provoking,
  • entertaining, and
  • fact-based, meaning, historically grounded.
  • One ranked as the number 2 political docudrama of all time.

D’Souza’s films2016: Obama’s America and America: Imagine A World Without Her, are respectively the #2 and #6 highest political documentaries of all time. D’Souza’s latest feature-length filmHillary’s America, is widely credited with contributing to Hillary Clinton’s defeat in 2016, and quickly joined his first two films in the top 10 political documentaries of all time,” says his website.

Meaning, there’s broad appeal to his movies, because they are well done.  Watch the video of his movie’s “trailer,” and you’ll get the feel for him.

Some believe that Americans should ignore what divides the nation or our industry. There is an argument to be made for that viewpoint.

But others believe that a house divided can’t long stand.   Abraham Lincoln took that view, and risked a civil war to unite a divided nation.

That should suggest that on a range of issues, Americans and industry professionals ought to seek to engage in civilized discourse.  Why wait until open violence breaks out?

Come let us reason together.” Reads a plaque behind the desk of former Arkansas Governor and modular mansion resident, Mike Huckabee. It’s a quote from the Good Book.

Our industry has a case to be made. It sounds counter-intuitive to most marketers. But the case that must be offered to the public needs more than looks and emotion.  It must have evidence-based reason. The research shows that’s true. That’s our consulting operation’s experience as well.

Tony has said time and again, that if pretty pictures, slick videos or even 3D tech was all that was needed to grow the industry, then manufactured housing would already be selling 500,000 to 1,000,000 (+/-) new HUD Code manufactured homes per year.

Modular home sales would be on top of that total.

ManufacturedHomeShipmentsVsNewExistingHomeSalesStaartsManufacturedHouisngIndustryDailyBusinessNEwsMHPronews

Facts are facts. They are neutral measures of reality. Once facts and their causes are understood, then the opportunities can be tapped. What the above means is that the typical retailer could potentially be selling 10x (+/-) more homes in a typical market

 

IfPrettyPicturesVideosAloneWereEnoughMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews1

Learn more about the above, linked here.

Evidence and logic – with appeal that is well presented – are what millions of home seekers need to buy into the manufactured housing industry’s rebirth.

The same is needed to avoid the death of our nation’s Republic.

As we approach July 4th, our country’s glorious Independence Day, let’s recall that Freedom is never free.

With no further adieu, let’s dive into the headlines that link news, inspiration, commentary, and reports.

 

What’s New on the Masthead…

Life, Liberty, Property – Supreme Court – and Manufactured Housing

Life, Liberty, Property – Supreme Court – and Manufactured Housing

What’s New on the Daily Business News on MHProNews.com…

 

Saturday 6.30.2018

I Hate Politics!” – Bedminster Watch, and Manufactured Housing Shipments

“I Hate Politics!” – Bedminster Watch, and Manufactured Housing Shipments

 

Friday 6.29.2018 

POTUS Trump Announces SoftBank Boosting U.S. Investments by Billions, Details, Plus MH Market Updates

Associated Builder’s President Michael Bellaman says How Congress Can Keep Momentum Going

Manufactured Home Industry Board Member Surrenders to Cancer, R.I.P.

Manufactured Home Industry Board Member Surrenders to Cancer, R.I.P.

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

 

Thursday 6.28.2018

People are “Creatures of Habit,” Says New Study, Valuable Manufactured Housing Industry Professional Insights

People are “Creatures of Habit,” Says New Study, Valuable Manufactured Housing Industry Professional Insights

Move Over Saudi Arabia? Latest U.S. Oil Production, plus Manufactured Housing Market Updates  

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

Manufactured Housing Program Review Addressed by HUD Secretary Carson during Oversight Hearing

Manufactured Housing Program Review Addressed by HUD Secretary Carson during Oversight Hearing

 

Wednesday 6.27.2018

Bloomberg’s World’s 25 Richest Families Net Worth Tops $1 Trillion, List, Plus MH Market Updates

Salena Zito Tweet Wakeup on Recent High Court Rulings, Touts the “Great Revolt,” SCOTUS Kennedy Shakeup

Salena Zito Tweet Wakeup on Recent High Court Rulings, Touts the “Great Revolt,” SCOTUS Kennedy Shakeup

Billions in American Cash Flowing Back to U.S., Repartition Yields Capital for Manufactured Housing or Other Projects

Billions in American Cash Flowing Back to U.S., Repartition Yields Capital for Manufactured Housing or Other Projects

New High Mortgage Rates, Latest Core-Logic Housing Price Data

 

 

Tuesday 6.26.208 

Warren Buffett Strikes Deal with Lee to Manage Berkshire Units, plus MH Market Updates

Warren Buffett Strikes Deal with Lee to Manage Berkshire Units, plus MH Market Updates

New Manufactured Home Industry National Association Related Statements

New Manufactured Home Industry National Association Related Statements

Barack Obama, Maxine Waters, President Donald J. Trump, Amway, and Manufactured Housing

Barack Obama, Maxine Waters, President Donald J. Trump, Amway, and Manufactured Housing

HUD Approves Additional $5 Billion Disaster Recovery Plan

 

Monday 6.25.2018 

How US Stocks Compare with Other Nations in Trade Wars? Plus MH Market Updates

Manufactured Home Community Owners Lost Troubling Creekside Appeals Case

Manufactured Home Community Owners Lost Troubling Creekside Appeals Case

What’s Your Location’s Potential? Monday Morning Manufactured Housing Marketing Sales Meeting

What’s Your Location’s Potential? Monday Morning Manufactured Housing Marketing Sales Meeting

What “Made in Space” Housing Plans Should Tell Manufactured Housing Industry Professionals

What “Made in Space” Housing Plans Should Tell Manufactured Housing Industry Professionals

 

Sunday 6.24.2018 

Sunday Morning Manufactured Home Industry Research, Reports, Headline News Recap 6.17.2018 to 6.24.2018

Sunday Morning Manufactured Home Industry Research, Reports, Headline News Recap 6.17.2018 to 6.24.2018

 

And that’s all she wrote, with a little help from that fine fellow nearby, during the week that was. That’s “News through the lens of manufactured housing.” © ## (Headline news, week in review, recap, analysis, commentary.)

(Third party images, content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

POTUS Trump Announces SoftBank Boosting U.S. Investments by Billions, Details, Plus MH Market Updates

June 29th, 2018 Comments off

CNNmoney6.29.2018ManufacturedHomeStocksMarketsReportsMHProNewsSoftBank is the world’s largest private equity fund, and is the driving force behind the new Foxconn manufacturing plant that’s now underway in Wisconsin. They have factory-built-housing connections – some right here in the U.S. President Trump announced that tens of billions in more investments are coming from SoftBank to the U.S.  Added details will be our featured report 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 Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Companies that want out of new steel tariffs describe a nightmare
  • Costco: America’s favorite store that everyone forgets about
  • Nike’s American sales grow for the first time in a year
  • Why Pepsi made ‘Uncle Drew’ into a movie
  • China opens up more of its economy to foreign companies
  • Why Netflix is dominating the streaming world
  • BBC apologizes to underpaid editor. She gives her settlement cash to charity.
  • Lessons you can learn in business school that aren’t taught in class
  • Are your credit card perks shrinking?
  • How can I simplify my retirement investments?
  • California just passed the strictest online privacy law in the country
  • Despite lessons from the past, American cities are optimistic for 2026 World Cup
  • Australia picks BAE Systems for $26 billion warship deal
  • The US-China trade war will spill into other Asian economies
  • Sharp cancels $1.8 billion share sale over trade tensions
  • Xiaomi’s shrinking IPO
  • Amazon could radically change how you get prescriptions
  • H&M needs to offload $4 billion in unsold clothes
  • Instagram Stories is now twice as popular as Snapchat
  • Hedge fund billionaire to Murdoch: Give Comcast a chance
  • Deutsche Bank flunks Fed stress test and 3 other banks get flagged
  • Oil prices spike 13% in a week. What the heck is going on?
  • Toys ‘R’ US will close its last US stores today
  • Why fast food chains like to sell you donut fries and chicken rings
  • Chipotle CEO: It could take three years for new menu items to roll out nationally
  • Foxconn breaking ground on Wisconsin plant
  • Growing pains across America’s biggest oilfield
  • Amazon wants you to start a business to deliver its packages
  • Amazon just bought itself a pharmacy
  • Where’s ZTE? Execs go AWOL at China’s big smartphone fair
  • ‘Closed-minded and ill-informed’: Huawei exec blasts US lawmakers
  • China slashes tariffs for 5 Asian countries as US trade fight escalates

Selected headlines and bullets from Fox Business:

  • IRS debuts postcard-size 1040 form
  • Nike shares run to new record
  • Stocks jump on final trading day of 2Q
  • Move over OPEC, America is the new king of oil
  • Trump says second phase of tax cuts will target middle class ‘even more’
  • GM warns on car tariffs: Customers will feel impact
  • Ford fires back after Tesla’s Elon Musk calls it a ‘morgue’
  • LeBron James to become free agent: report
  • The business that’s trying to stop the truck driver shortage
  • Ivanka Trump says she advised her dad on immigration crisis
  • GOP has the advantage in nation’s top 3 electoral issues: Varney
  • Adidas data breach: US customers had contact information, usernames exposed
  • 18 minimum wage hikes set to take effect July 1
  • Guinness set to open first US brewery in 64 years
  • This billionaire claims he can make illnesses ‘optional’
  • Ivanka Trump says she stays above the fray, will absorb blows from haters
  • The first daughter says it is an ‘extraordinary privilege’ to serve the country.
  • Investors Selling Bitcoin and Fleeing Coinbase
  • Most Banks Are Increasing Their Capital Returns — but Not Goldman Sachs and Morgan Stanley
  • The top 10 songs and albums on the iTunes Store
  • Report: Oil line makes nearly 400 Michigan water crossings

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance6.29.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.29.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

BreakingGroundFoxconnWisconsinManufacturedHousingINdustryDailyBusinessNewsMHProNews

With President Trump in attendance, electronics manufacturer Foxconn broke ground yesterday on a huge new plant in Mount Pleasant, Wisconsin. Once fully operational, the 20 million square foot campus will employ 13,000 American workers,” said the White House press room to MHProNews.

U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged

His $50 billion turned out to be $72 billion so far, he’s not finished yet,” President Trump said, without providing details.

In 2016, Son pledged to invest $50 billion dollars and create 50,000 jobs in the United States after meeting then President-Elect Trump.


I couldn’t have decided such a thing before this new President,” Son said of that decision on Thursday.

POTUSTrumpAnnouncesSoftBankBoostingUSInvestmentsByBillionsPLusMHMarketUpdates
SoftBank Group and its Vision Fund, the world’s largest private equity fund which in May last year raised over $93 billion, has made many of its investments in U.S. technology firms including ride-hailing firm Uber Technologies Inc and share-office space firm WeWork.

SoftBank is a key player in factory-built-housing producer Katerra.  A special report on Katerra is found, linked below.

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

The new Harvard Joint Center for Housing Studies (JCHS) report indicates that home ownership is going up again, since the Trump Administration has taken their reigns. New investments in factory-built housing obviously are a direct benefit to the builders involved.  Moreover, all investments that boost employment and wages fuels the demand for housing.   The new JCHS is linked below.

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

6.29.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

June 29th, 2018 Comments off

 

BillionDollarKaterraModularStarupTorRivalClaytonHomesDezeenManufacturedHousingIndustryDailyBusinessNewsMHproNews

Don’t laugh or cry now. But a recent development in the prefab/modular field is poised to disrupt conventional construction, and could signal a wave of big tech money in building that could surprise – and rapidly surpass –  manufactured housing (MH) sales too.  

 

Based in Menlo Park, California, Katerra was started in 2015 by Michael Marks, Jim Davidson and Fritz H Wolff. Combined, the three men have decades of experience in the technology, manufacturing, real estate and private equity industries. In 2007, Marks served as the interim CEO at Tesla,” said Dezeen.

 

KaterraOurProductsInteriorPictureLogoModularManufacturedHouisngIndustryDailyBusinessNewsMHProNews

Credit, Katerra website.

Menlo Park is part of famed Silicon Valley, where tech giants – and their billions in cash – hang their hats.

KaterraLogoWhiteBoardVideoStillMovingHOusingByAirSeaTruckTrainModularManufacturedHousingDailyBusinessNewsMHProNews

See their Katerra video, posted below.

As MHProNews recently reported, hundreds of billions are pouring into the U.S., looking for places to invest. Readers can circle back to the following and other  linked reports below. But the short story is that mountains of capital from the tax cuts are being attracted into the U.S.

Billions in American Cash Flowing Back to U.S., Repartition Yields Capital for Manufactured Housing or Other Projects

Dina Bass in Bloomberg Business Week is the latest media outlet to ‘share the love’ with Katerra. But Bloomberg is far from alone, as this report will spotlight. 

Bass says, “Katerra has raised $1 billion and is combining with its Indian counterpart,” and their headline proclaimed – “The Modular-Home Maker That Could Make Housing Cheaper.” 

In a little over three years, Katerra has raised more than $1 billion in venture capital, led by SoftBank Group Corp.’s Vision Fund, and says it’s collected close to $3 billion in bookings,” stated Bass’ recent report.

Almost everywhere you look, there’s money to be saved,” says Katerra Chairman Michael Marks, adding that he hopes to have revenue of about $15 billion in five years. “It’s so inefficient in so many ways, it kind of takes your breath away.” 

Mark’s is talking about the inefficiencies in housing. Recall the similar thoughts from Blokable? You can read that emerging tech/prefab report later, from the link below.

Blokable – Making “Housing As Easy as Ordering A Car”

 

Katerra’s website states, “Our first factory in Phoenix began production in early 2017 and Katerra has plans to further expand our manufacturing reach in the near future.”

 

The unicorn startup states, “Katerra factory capabilities include:

         Advanced manufacturing lines and production systems, with machinery from leading equipment suppliers

         Direct link to our SAP enterprise resource planning system

         Direct link to product and project engineering, enabling complete BIM to FIM production 

         Co-location with our warehouses for easy kitting and delivery

         Strategic location near rail and shipping ports

         Product showrooms

         R&D labs  

 

The Katerra Advantage”

We aggregate demand to offer economies of scale on material pricing not previously available to individual customers and projects,” their website says. MH or modular housing industry professionals and investors know, of course, that’s a standard kind of statement for any factory home builder.

 

Watch as one of the their “robots,” a computer connected automated system, does its work.

 

But it isn’t just what they are doing now. Rather – with vision, moxie, and plenty of capital to back them – what’s next? Katerra touts a “one stop shop” with “quality” at their core.

 KaterraModularLogoMultiFamilyComplexModularManufacturedHousingIndustryDailyBusinessNewsMHproNews

KEF Infra and Katerra Join Hands,” said a June 21, 2018 press release to the Daily Business News on MHProNews.  “India and Silicon Valley Companies Merge to Advance Construction Evolution on Global Scale.”

It is precisely the kind of development that the MHProNews trade media site has been saying for years is poised to occur.

Well, now, it’s happening. How rapidly will it disrupt site building?  

Could it likewise disrupt HUD Code manufactured housing in the near term? 

Time will tell, but with their eyes on billions in business, they are essentially claiming they could soon rival roughly half the total business volume of all of manufactured housing.  

That would make them the current size of the HUD Code manufactured housing industry giant, Clayton Homes. 

 

Back to Their Release…

Founded in 2014, KEF Infra utilizes robotics and automation in its advanced manufacturing operations to deliver high quality building projects more quickly and efficiently.” 

Katerra employs more than 2,000 people with operational factories in Greater Phoenix, Arizona and Shanghai, China, as well as two more U.S. factories in development,” stated their release to MHProNews. “After the merger, there will be 20 offices worldwide and 3,400 employees.”

We are thrilled to merge with KEF Infra, a company that is truly a disruptor,” said Michael Marks, chairman and co-founder of Katerra, to MHProNews. “It’s incredible to discover a team so aligned with our values and vision.” 

I am very excited by the prospects of this strategic alliance,” said Faizal Kottikollon, founder and chairman of KEF Infra. “We look forward to breaking new ground with such a like-minded team.” 

Forbes and the New York Times are among the many mainstream media outlets reporting on how Katerra is poised to upend construction. 

Fortune quipped, “Katerra exits stealth with new funding.”  

Environmentally focused Treehugger stated, “We’ve been watching Katerra, the ambitious construction startup that calls itself a technology startup. Their pitch: 

Katerra is bringing fresh minds and tools to the world of architecture and construction. We are applying systems approaches to remove unnecessary time and costs from building development, design, and construction. With the latest technology at our fingertips, efficiency no longer has to come at the expense of quality or sustainability.”

While their target market today is larger multifamily projects, what’s going to keep them from going into single family home building, where the new Harvard JCHS study says there is much higher total potential?

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

 

While the Manufactured Housing Association for Regulatory Reform (MHARR) has tried for years to open up multifamily for the HUD Code, Katerra are taking that market by storm. The MHARR related report can be read later for more insights.

Manufactured Housing Program Review Addressed by HUD Secretary Carson during Oversight Hearing

  

Has Berkshire’s Clayton Strategic Moat Cost MHVille tens of Billions Annually?  

Has the strategic Moat-building, and finance game playing by Berkshire Hathaway, with their puppet association – the Manufactured Housing Institute – put the potential future of HUD Code manufactured housing at risk?

While MHARR and MHProNews has raised the alarms about the debatably harmful impacts from unfairly “rigged” capitalism and allegedly monopolistic practices, isn’t it up to industry professionals to wake up, smell the coffee, and see the truth about what’s going on? And then, take appropriate action? 

Don’t forget, Katerra is far from alone.  

Billion-dollar Revolution PreCrafted Properties, 3D printed housing, containers ordered  from huge Amazon, and others foreign and domestic operations are poised to target the trillion dollar annual U.S. housing market.

Factory-Crafted Home Living, Reimagined – “The Art Park” vs. MHCs – Interview with Robbie Antonio, Founder of Unicorn Revolution Precrafted Homes

Meanwhile, MHI arguably is essentially telling its non-big-boy members, don’t worry, be happy, pay no attention to those voices of concern, and ignore that new post-production association forming over there.’

New Manufactured Home Industry National Association Related Statements

As an MHI only member HUD Code builder recently told MHProNews, how much more consolidation can Clayton or the other big two HUD Code builders want to get?

 

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Aren’t the trend lines since Berkshire Hathaway entered the manufactured housing industry clear? To learn more, read related reports, and see the Warren Buffett and Kevin Clayton videos. Graphic by MHProNews, using information provided by each corporation, or named entities.

 

Independent builders, retailers, communities, advocates, and investors, is this your wake up call? See the related reports, linked below, for more details. “We Provide, You Decide.”  © ## (News, analysis, and commentary.)

(Third party images, and content are provided under fair use guidelines.)

Related Reports:

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Only 3 Options – the Elephant in the Room

Best Warren Buffett, Kevin Clayton, Clayton Homes, Berkshire Hathaway Annual Meeting, Competition, and “the Moat” Video Collection

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

 

People are “Creatures of Habit,” Says New Study, Valuable Manufactured Housing Industry Professional Insights

June 28th, 2018 Comments off


PeopleAreCreaturesofHabitSaysNewStudyValuableManufacturedHousingIndustryProfessionalInsightsDailyBuisnessNewsMHProNews

How much does habits control you? How do habits influence or control your colleagues or team members?

 

Or how much does habit influence your potential customers?

Short answer? A lot, according to mathematics researchers, who studied tens of thousands in an international study.

The Daily Business News looks at a new City University research, plus two videos on the topic of habits. We’ll start with the Thinking Big video, which is a different take on the same issue of how habits influence behavior.

 

New City University Study on Habits

Humans really ARE creatures of habit, according to the Daily Mail. 

The new City University research viewed habits through the lens of the places that people go to. 

Researchers find we only visit 25 places regularly,” stated the popular U.K. based publisher. 

  • Study is first of its kind to investigate people’s mobility over time
  • Researchers first spotted the effect in students – but found it applies to everyone
  • Say the find could be used to improve transport systems around cities 

At any given time, people regularly return to a maximum of just 25 places, researchers have found. People will test new places to go, but they tend to go to roughly 2 dozen places on a consistent basis.

This has significance for marketers, and follows years of similar research done by marketers on how habits influence spending and other behaviors.

The first of its kind study found we really are creatures of habit – even though our 25 places often change over time,” said the Daily Mail.

The City University researchers behind it say it reveals ‘entirely new aspects of human behaviour’ The study, titled ‘Evidence for a conserved quantity in human mobility’ published in Nature Human Behaviour is based on analyses of 40,000 people’s mobile traces collected in four different datasets,” stated the Daily Mail, which writes using the ‘King’s English,’ which has some differences in spelling than U.S. English.

The result was the same when we scaled up the project to 40,000 people of different habits and gender from all over the world,” they said, adding, “It was not expected in advance. It came as a surprise.”

People are constantly balancing their curiosity and laziness,” Dr. Andrea Baronchelli said. “Our research established a first formal connection between the study of human mobility and human social cognition.”

The international research was done by Dr Laura Alessandretti, who led the study, along with Dr Andrea Baronchelli, researchers in the Department of Mathematics at City, University of London, together with Professor Sune Lehmann from DTU Technical University of Denmark, plus the research team from Sony Mobile Communications. 

 

Another Researcher Looks at Habit

As a scholar-practitioner, . Fire Chief Richard B. Gasaway, PhD, EFO, CFO Chief Scientist, Public Safety Laboratory, has combined 30 years of public safety service with doctoral research to improve understanding of situational awareness and decision making under stress.

When training first responders, either on cognitive tasks (like memorizing facts) or on physical tasks (like pulling a hose line off an engine), it is very important to practice those skill repetitively. This video is a clip from my Mental Management of Emergencies,” says Gasaway’s YouTube page.

Rephrasing one of Dr. Gasaway’s research takaways, habits can be helpful or harmful.  When someone – ourselves, a colleague, or a customer – are asked to do something unique, the natural reaction is to slow down.  To move more cautiously.

Habits enter into all sorts of issues, such as who is trusted, and why.

 

Famous Manufactured Housing Investors View of Habits

The chains of habit are too light to be felt until they are too heavy to be broken,said Warren Buffett, perQuote Investigator.

The research above underscores the accuracy of Buffett’s insight, but it also indicates that habits can be changed.  Habits are arguably part of what keeps manufactured housing professionals from tapping into millions of potential sales, revealed in Harvard’s new research, see that report, linked below.

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

These various types of research on habits must also be considered by industry professionals when it comes to other habits, like what trade associations they give allegiance to, and why.

The Arizona and Nevada community associations demonstrated their willingness to break years of habit, because they believed that the evidence was clear that the Manufactured Housing Institute (MHI) didn’t meet their needs or advocate for their interests.

New Manufactured Home Industry National Association Related Statements

Marty Lavin pointed out recently that the Manufactured Housing Institute has a long history of supporting the interest of the “big boys,” and only supports the interests of smaller companies when it happens to align with that of large companies.

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Facts simply are, and those industry statements linked above and the Buffett quote are accurate.

Alan Amy said that the industry’s bright future are among the reasons why the billionaires and billion dollar companies are buying up chunks of the industry.

So, based upon all of the above, is it time to take a fresh look at your operation’s habits, to see if they are helping you advance towards your goals, or are they keeping you from achieving your operation’s potential?

The short answer ought to be simple.

If you and your location keep doing the same things, the same way, then you can expect to get the same results. “We Provide, You Decide.” © ## ## (News, analysis, and commentary.)

(Third party images are provided under fair use guidelines.)

Related Reports:

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

Manufactured Housing Program Review Addressed by HUD Secretary Carson during Oversight Hearing

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Move Over Saudi Arabia? Latest U.S. Oil Production, plus Manufactured Housing Market Updates

June 28th, 2018 Comments off

CNNmoney6.28.2018ManufacturedHomeStocksMarketsReportsMHProNewsLong-time manufactured and modular housing industry professional know that oil production, and other energy related work, often translates into more demand for factory-built housing.  So the oil data, provided below, will be our spotlight for this evening’s market focus.

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 Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Hedge fund billionaire to Murdoch: Give Comcast a chance
  • Instagram Stories is twice as popular as Snapchat
  • Oil prices spike 13% in a week. What the heck is going on?
  • Foxconn breaking ground on Wisconsin plant
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • Ford chairman: Every piece of the auto business is changing
  • Guinness to open its first American brewery in 64 years
  • Chipotle CEO: It could take three years for new menu items to roll out nationally
  • Amazon just bought itself a pharmacy
  • Where’s ZTE? Execs go AWOL at China’s big smartphone fair
  • China slashes tariffs for Asian countries as US trade fight escalates
  • China’s yuan is falling against the dollar: Here’s what’s going on
  • India’s rupee hits record low as emerging markets struggle
  • New York to London in 2 hours? Boeing says sure
  • T-Mobile and Sprint say they need each other to build 5G. Do they?
  • New White House hire shows Sean Hannity is Trump’s shadow chief of staff
  • How Chipotle plans to win you back
  • Rite Aid set to sell its first cannabis-derived drug
  • Britain’s royal family made even more money in 2017
  • What does America’s falling birth rate mean to the economy? Just look at Arizona
  • Beer is being rationed in the UK
  • How a rap lyric inspired a multimillion-dollar online platform
  • Disney wins antitrust approval to purchase most of Fox
  • Meet the new GE: It’s a shell of its former self
  • Cold comfort: ConAgra buys Birds Eye maker for $10.9 billion
  • Progressive media saw the Ocasio-Cortez upset coming
  • Harley-Davidson may face credit downgrade because of EU tariffs
  • India may ignore US demand to halt Iran oil imports
  • Texas steel pipe manufacturer becomes casualty of Trump’s trade war

Selected headlines and bullets from Fox Business:

  • Bank stress tests: What to expect
  • Stocks gain momentum in late day trading
  • Move over OPEC, America is the new king of oil
  • If Harley Davidson turns its back on America we will move on: Bikers for Trump
  • The biker community firmly believes in American-made motorcycles.
  • Foxconn in Wisconsin: State taxpayers bear cost of big incentives
  • This tax strategy is ‘skyrocketing’ in popularity, expert says
  • Amazon to acquire PillPack, CVS and Walgreens shares tumble
  • Rapper Nas invested early in PillPack, Amazon’s latest buy
  • Kroger to test delivering groceries via driverless cars
  • The new 1040: A look at the proposed draft
  • Former Equifax manager charged with insider trading
  • Panasonic blames Tesla ramp for ‘occasional’ battery cell shortages
  • Walmart rolls out 3D virtual shopping experience
  • What Trump should focus on in US-Russia summit
  • America’s most and least patriotic states[overlay type]NEWS
  • America’s most and least patriotic states
  • Which states bleed red, white and blue?
  • California Rite-Aid blasts Barry Manilow music to discourage loiterers
  • On Trump’s Harley Threats, and the Trouble With Tariffs
  • How the GE Breakup Will Give Shareholders a Chance to Make Up

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance6.28.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.28.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

Crude continues to rise, which of course drives all prices, including that of conventional and manufactured housing. But that rise is also fueling, pardon the pun, the growth in the U.S. domestic drilling, refining and exporting industries.

Former Federal Reserve Chairman Alan Greenspan told Fox News that much of the the economic stability of the U.S. is due to the extraordinary rise of domestic crude oil production.


U.S. oil production is booming, and oil exports are following. In its latest weekly update, the U.S. Energy Information Administration (EIA) reported:

  • that oil refining hit its highest level on record last week.
  • U.S. crude exports surged to a record 1.76 million barrels per day (bpd) in April.
  • This is a big change for a country that just a few years ago wasn’t exporting any crude.
  • Part of the driving force behind the decision to restart exports in 2016, following a ban in 1975 to export was the shale oil boom.
  • The U.S. has turned into a major oil producer.
  • The U.S. is producing oil at a record pace of 10.9 million bpd, a level which it first reached earlier in June.

The oil boom is good for the U.S. economy. “The second quarter is going to be a very strong quarter. One of the leading indicators of this is the extraordinary rise in crude oil production,” said former Fed Chairman Alan Greenspan told FOX Business’ Maria Bartiromo on Thursday.

I’ve been following the oil industry back to year one, and, I’ve never seen anything rushed this fast, he added. Fracking has made extraordinary changes in crude oil production and our output (of oil) is now close to the highest (in the world),” Greenspan said.

The increase in U.S. production comes while oil prices have rallied to multi-year highs as production in Venezuela has tumbled amid an economic crisis. Further, the U.S. is pressing its allies to halt oil imports from Iran.

 

MoveOversaudiArabiaUSOilDrillingSBManufacturedHousingIndustryDailyBuisnessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

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

6.28.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.