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Home > Affordable Housing, Analysis and Commentary, Company News, Manufactured Home Communities, Manufactured Housing Industry, News, Stocks, Trends > Fed Hikes Blamed for Housing Slowdown, per Chan, former Chase Chief Economist, plus MH Stock Updates

Fed Hikes Blamed for Housing Slowdown, per Chan, former Chase Chief Economist, plus MH Stock Updates

June 4th, 2019

CNNmone6.4.2019ManufacturedHomeStocksMarketsReportsMHProNewsFederal Reserve Chairman Jerome Powell signaled that there could be a rate cut ahead, if trade or other issues roil the otherwise healthy economy. That line from Powell sent stocks soaring today. But our focus tonight is on the comments about the broader housing market from former JP Morgan Chase Chief Economist Anthony Chan.  His economic take will be focus for this evening’s market 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 belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy 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.

 

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews

 

Select bullets from CNN Money…

  • Dark mode is here
  • iPhone’s new feature could be easier on your eyes and save battery power. Here’s what to expect
  • Kraft Heinz is in big trouble. How bad could it get?
  • Elizabeth Warren is calling for a lower dollar
  • Airline stocks jump after Delta releases strong passenger numbers
  • PERSPECTIVES The bond market may be signaling something worse than a recession: Distrust in America
  • The market needs to get back on track. A trade deal would help
  • Jeff Bezos lands $80 million dollar ‘deal’ on three New York City condos
  • CVS plans to expand HealthHubs to 1,500 stores by 2021
  • Bumble plans to open its first cafe and wine bar in New York City
  • Why a US-Britain trade deal won’t be easy
  • It’s not just Quest: LabCorp says it was hacked too
  • Dow gains more than 500 points on second best day of the year for stocks
  • Big Tech was the heart of the bull market. Now it’s under fire
  • Climate change will cost companies $1 trillion. It also means opportunities
  • How a nonprofit plans to help big companies meet their sustainability goals
  • Toblerone and Cadbury to be made with sustainable cocoa
  • SPECIAL REPORT How to solve the world’s plastics problem: Bring back the milk man
  • Walmart will recruit students with free SAT prep and $1 a day college tuition
  • McDonald’s is partnering with AARP to hire older employees
  • US businesses are missing out on a valuable pool of talent: former convicts
  • How tight is the job market? Taco Bell is throwing ‘hiring parties’

Select Bullets from Fox Business

  • Bernie Sanders gears up to press Walmart on worker pay, representation
  • Bank of America CEO: Not expecting Fed rate cut this year
  • If the Fed cut rates, the stock market should not be celebrating: Peter Schiff
  • Fed, Trump on trade give stocks best day since January
  • How to protect yourself after Quest Diagnostics data breach
  • ‘Jeopardy!’ star James Holzhauer’s leaker could face legal trouble
  • Patriotic London pub renamed ‘The Trump Arms’ to honor president
  • Apple is shutting down iTunes: Where to get music now
  • These states have the best economies in the US: study
  • Mark Cuban believes Joe Biden has ‘good chance’ at beating Trump in 2020
  • Rihanna named world’s richest female musician by Forbes
  • Bank of America CEO recalls when US ‘society was in pretty rough shape’
  • Costco keeps shoplifting low by checking receipts, having unique layout, CFO says
  • FDA signs off on Eli Lilly’s Emgality as treatment for episodic cluster headache
  • NFL 18-game season? Here are 2 major obstacles in negotiations
  • Jeff Bezos spotted with Lauren Sanchez in Florida, report says
  • Los Angeles in ‘oversupply’ of mega-mansions for sale, report says
  • These are America’s favorite and least favorite mobile phones and wireless companies, survey says
  • Kawhi Leonard sues Nike over ‘Klaw’ logo ownership
  • Majority of Americans would take on debt to cover their kid’s college, survey says
  • Walmart CEO won’t let trade, tariffs bully US consumers
  • Elizabeth Warren plans ‘aggressive intervention’ to create, defend US jobs
  • Urgent solution to retirement planning challenges
  • The costly retirement planning mistake most American workers are making right now
  • Social Security benefits: 5 ways to increase your retirement checks

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

9MarketIndicatorsYahooFinance6.4.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

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 –

FedHikesBlamedHousingSlowdownPerChanFormerChaseChiefEconmistPlusMHMarketUpdatesDailyBusinessNewsMHProNews

 

Federal Reserve Chairman Jerome Powell signaled that there could be a rate cut ahead, if trade or other issues roil the otherwise healthy economy. That line from Powell sent stocks soaring today. But our focus tonight is on the comments about the broader housing market from former JP Morgan Chase Chief Economist Anthony Chan.  His economic take will be focus for this evening’s market spotlight. 

Former JPMorgan Chase chief economist Anthony Chan sounded off on the state of the U.S. economy, the housing market, and the Federal Reserve.  In an interview with Charles Payne from right-of-center Fox Business, Chan made it clear that:

 

·        He doesn’t see a recession signal in the year ahead.

·        He thinks interest rates hurt the broader housing market.

·        He thinks other factors in the housing market are a further drag there, which manufactured housing professionals should hear as one more reason why our sector of the housing industry should be roaring not snoring.

 

 

Related Reports:

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

 

HUD Secretary Ben Carson, Affordable Housing, Obscuring the Truth, Innovations in Housing, and Manufactured Homes

Public Reactions to HUD Secretary Carson’s “Innovations in Housing” Promoting Manufactured Homes

 

 

Yahoo Finance 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).

ManufacturedHousingIndustryConnectedStocksYahooFinancialClosingTickerDailyBusinessNewsMHProNews

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.”

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(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.


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