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Home > Business, Factory-Built Homes, Manufactured Housing Industry, News Item, Stocks > Patrick, LPX Lead and Skyline Recedes, Broader Markets Up, MHCV Drop

Patrick, LPX Lead and Skyline Recedes, Broader Markets Up, MHCV Drop

April 17th, 2017

CNNMoneyDow41720-16Noteworthy headlines on CNN Money: Rising global fears challenge Wall Street. Netflix nears 100 million subscribers. Fed: Tearing up NAFTA would hurt U. S. firms. China’s economy is picking up steam.

Some bullets from Fox Business:  Which state sends most taxes to D.C. Hint: It’s not a state. Facebook violence may dominate Zuckerberg’s Development Conference. Stocks rebound as investors bargain hunt, focus on tax reform. Burger King debuts Whopper ad that triggers Google Home devices.

We Provide, You Decide.” ©

Key Commodities

Crude Oil $52.75 +0.10 +0.19%  Gold $1286.30 -.5.60 -0.43% Silver $18.41 -0.104 -0.56%

The Markets at the Closing Bell Today…

S&P 500 2,349.01 +20.06 (+0.86%)

Dow 30 20,636.92 +183.67 (+0.90%)

Nasdaq 5,856.79 +51.64 (+0.89%)

Russell 2000 1,361.18 +15.94 (+1.18%)

  

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

                      Manufactured Housing Composite Value (MHCV) Ticker

ManufacturedHousingCompositeValue

MHCV for 4.17.2017.

The MH Industry – Today’s Risers and Sliders

The manufactured housing industry’s market leaders today were Patrick and LPX.  Skyline took a serious dive today, as talk of a buyout by another producer heats up.  Per Indiana Business, “Elkhart-based Skyline Corp. is reporting a fiscal third quarter net loss of $2.4 million, compared to a net loss of $520,000 during the same period the previous year. Chief Executive Officer Richard Florea says the closure of two underperforming facilities will allow the company to focus on improving profitability.” The company has recently closed two plants, with the Mansfield, Texas being sold to Michigan-based Champion Home Builders, Inc.

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

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

ManufacturedHousingIndustryConnectedBloombergWatchlist4.17.2017

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

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##
(Image credits are as shown above.)

matthew-silver-daily-business-news-mhpronews-comSubmitted by Matthew Silver to the Daily Business News on MHProNews.com.


Matthew Silver - Reporter at Large
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L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
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