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Posts Tagged ‘Cavco Industries (CVCO)’

What Just Happened, to Cavco, Independent Communities, Retailers, and Manufactured Housing?

November 25th, 2018 Comments off

 WhatJustHappenedCavcoIndustriesIndependnetMHCommunitiesRetailersandManufacturedHousingSundayMorningRecapMHProNews

Every Sunday morning for several years, we provide this popular week in review.

 

It helps answer the question, ‘What Just Happened?’ It will also suggest a few answers to a question that hasn’t been asked, what’s coming up in this week ahead?

Drama.

Some of it is ‘manufactured drama.’

Some of it was arguably avoidable drama, as in the case of Cavco Industries, whose stock has tumbled over an SEC subpoena over trading by Joe Stegmayer, MHI’s Chairman and now ex-Chairman and CEO at CVCO.

On the plus side, there are more details linked about the Legacy Housing (LEGH) IPO below.

If you were out of town, you might have missed the MH Whistleblower…its both fun and serious.

Then there’s local drama, like the story about a manufactured home community owner who’s property is threatened with closure, but who is fighting back. That story includes local news video, and numerous exclusive comments from the targeted owner, and is linked below.

There’s a new move called NobleHomes, and #NobleNotMobile.  That report is likewise linked below.

Then there’s the MHIdea, a blast at MHI from veteran manufactured housing independents in the retail sector.  They’ve publicly said in their own words, enough of the failed leadership and monopolistic games by the big boys and their Arlington-based trade association. That interesting – historic – move and report are among those listed further below.

There are things to be thankful for, and in the spirit of the season, there’s a nice nugget we’ve published about MHI in a thanksgiving story found below.

There are good things shared from and about MHARR too.

Then there’s a report yesterday that will have thousands saying, ‘what’s that all about?‘ Facts are facts. One reader was laughing when he called, but another was ‘you’ve got to be kidding,’  No joke, the facts are what they are.  And that report spotlighted facts, the money trail, and evidence that Omaha and Knoxville may have a hard time explaining away.

Stunning.

Then there’s a new Masthead on truth detection 101. If you want to learn how to spot a lie or a con job, it’s insightful, practical – and even inspirational – reading.

Among the vexing topics reported below is one about homelessness, because it is arguably being fostered by flawed policies.  Our industry could be part of what fixes that problem.  When the needs are so great, and one solution is obvious, why are manufactured homes bucking so many headwinds?

What just happened?

Discover it all for yourself.  It’s awaiting your gaze and professional curiosity. The headlines of the week from Sunday 11.18.2015 until 11.25.2018 are  all found below in the broadest, deepest, most read, trade media in all of manufactured housing.

A special word of acknowledgement to the Dick Jennison, from MHI, and Timothy W. Williams, of 21st Mortgage Corp.  Yes, that’s code, but they should get it, and so will numerous others who are thoughtful readers of this report and what follows below.

Our thanks to you, and our thousands of readers who faithfully logged on daily during a holiday week for many.  We thank our sponsors, clients, news sources, and all for making and keeping us #1 for MHVille “Industry News, Tips, and Views Pros Can Use.” ©

With no further adieu, discover what just happened in over 20 linked reports from the week that was, all found below.

NOTICE: the page routinely displays better using a Microsoft Edge web browser or Apple’s Safari browser than in Google’s Chrome browse, which manipulates a website and content more. 

 

What’s New on MHLivingNews

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Giving Thanks for Mobile Homes, Manufactured Homes, Classic “Mobile Home Parks” and Manufactured Home Communities

Giving Thanks for Mobile Homes, Manufactured Homes, Classic “Mobile Home Parks” and Manufactured Home Communities

 

 

The Latest from MHARR

HUD Publishes Final Revised RV Exemption Rule

HUD Publishes Final Revised Rv Exemption Rule

 

 

What’s New on the Masthead of MHProNews

TheMastheadCommentaryLATonyKovachMHProNews

Failure, Success and Profitable Truth Detection for Manufactured Housing

Failure, Success and Profitable Truth Detection for Manufactured Housing

 

 

What’s New on the Daily Business News on MHProNews

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Saturday 11.24.2018


Center for Public Integrity – Stunning Clayton Homes-Warren Buffett-Berkshire Hathaway Manufactured Home Lending Truth Outs

Center for Public Integrity – Stunning Clayton Homes-Warren Buffett-Berkshire Hathaway Manufactured Home Lending Truth Outs

 

Friday 11.23.2018

Are Flawed Policies Fostering Homelessness, Crime? What Happens When Affordable Housing, Including Manufactured Homes, Are Lacking

Are Flawed Policies Fostering Homelessness, Crime? What Happens When Affordable Housing, Including Manufactured Homes, Are Lacking

Dow Falls 178+ Points, Worst Thanksgiving Week Since 2011, Plus MH Market Updates

 

Public Official, ABC News, Manufactured Home Community Owner Clash Over Resident Concerns

Public Official, ABC News, Manufactured Home Community Owner Clash Over Resident Concerns

Take One – Data Driven U.S. Outlook in 2019 and MHVille

Take One – Data Driven U.S. Outlook in 2019 and MHVille

 

Thursday 11.22.2018

Yes, Thankfully There’s Times Manufactured Homes Earn Bipartisan Praise in Washington, D.C. Metro

Yes, Thankfully There’s Times Manufactured Homes Earn Bipartisan Praise in Washington, D.C. Metro

Giving Thanks for Manufactured Housing Independents, Applauding “MHIdea!”

Giving Thanks for Manufactured Housing Independents, Applauding “MHIdea!”

MH Silver Lining? Residential Construction Report, Oct 2018, per HUD, Census Bureau

MH Silver Lining? Residential Construction Report, Oct 2018, per HUD, Census Bureau

Fascinating Thanksgiving Factoid, Socialism Preceded Thanksgiving in America

Fascinating Thanksgiving Factoid, Socialism Preceded Thanksgiving in America

 

Wednesday 11.21.2018

MH Marketing Insights – Where are Americans Moving? U.S. Moves, by State – Charts, Video

MH Marketing Insights – Where are Americans Moving? U.S. Moves, by State – Charts, Video

Market Woes? No Recession, Says Goldman Sachs, Plus MH Equities Updates

Market Woes? No Recession, Says Goldman Sachs, Plus MH Equities Updates

#NobleNotMobile, New Contest and Video Program Launched, Exclusive Details

#NobleNotMobile, New Contest and Video Program Launched, Exclusive Details

What’s the Truth About Thanksgiving in MHVille?

 

Tuesday 11.20.2018

Manufactured Housing – MHVille, It’s Not a Matter Open to Interpretation

Manufactured Housing – MHVille, It’s Not a Matter Open to Interpretation

 

FAANG – Increasingly Tied to Factory-Home Building – Takes $1Trillion Tumble, Drags Markets – Plus MH Equities Updates

FAANG – Increasingly Tied to Factory-Home Building – Takes $1Trillion Tumble, Drags Markets – Plus MH Equities Updates

Builder Confidence Drops, Post Midterms, Affordability Concerns Rise

Builder Confidence Drops, Post Midterms, Affordability Concerns Rise

MH Communities Reminder, Assistance Animals – HUD Order Levies Landlord Fine

MH Communities Reminder, Assistance Animals – HUD Order Levies Landlord Fine

 

Monday 11.19.2018

Investor Fright Bites FAANG, Drags Equities, Plus MH Market Updates

Legacy Housing IPO, Lending Tree, & New HUD Ruling Updates

Legacy Housing IPO, Lending Tree, & New HUD Ruling Updates

16 Tons, and MH Whistleblowers

16 Tons, and MH Whistleblowers

Beautiful, Harsh, Priceless Realties from a Master Builder, Monday Morning Marketing, Sales, Meeting

Beautiful, Harsh, Priceless Realties from a Master Builder, Monday Morning Marketing, Sales, Meeting

 

Sunday 11.18.2018

Hedge Fund’s Cavco Move, and More from Inside MHVille

Hedge Fund’s Cavco Move, and More from Inside MHVille

Together with thousands of honest MHVille pros of good will, we can make our industry achieve its great potential. That’s done by making American lives better, together. “We Provide, You Decide.” © ## (Sunday Morning, weekly headline news review, analysis, and commentary.)

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Related Reports:

The Coming Breakup of Berkshire? MHI? Plus Sunday Headline Recap 10-14-2018 to 10-21-2018

 

 

Cavco Industries (CVCO) Insights, Financial Update, Fiscal 2018 Fourth Quarter. Year End Results

May 31st, 2018 Comments off

JoeStegmayerChairmanCEOPresidentCavcoIndustriesCVCOManufacturedMOdularFactoryZBuiltHomeINdustryMHProNews550

Cavco Industries, Inc. (CVCO) announced financial results for the fourth quarter and fiscal year ended March 31, 2018. On April 3, 2017, the Company completed the acquisition of Lexington Homes, Inc., which operates a manufactured housing plant in Lexington, Mississippi. Since the acquisition date, the results from this new business are included in Cavco’s consolidated financial statements presented herein,” according to the firm’s release to the Daily Business News.

 

IndustryMarketShareCavcoIndustriesManufacturedModularFactoryBuiltHousingDailyBusinessNewsMHProNews

Three months ended March 31, 2018 compared to the three months ended April 1, 2017 revealed the following results, per Cavco.

  • Net revenue was $242.5 million, up 22.5% from $198.0 million. The increase was the result of higher home prices and sales volume. The Company recognized $14.8 million of home sales revenue and $1.8 million of income from operations from early commercial loan payoffs received under Cavco’s wholesale lending programs. This revenue was previously deferred in prior periods in the normal course of business.
  • Income before income taxes was $30.7 million, an 86.1% increase over $16.5 million. Current quarter results include $4.5 million of other income from gains realized in the sale of corporate investments.
  • Income tax expense was $8.6 million, resulting in an effective tax rate of 27.9% compared to $5.6 million and an effective tax rate of 33.9%.
  • Net income was $22.1 million compared to $10.9 million, a 102.8% increase.
  • Net income per share, based on basic and diluted weighted average shares outstanding, was $2.45 and $2.40, respectively, versus $1.21 and $1.19, respectively.

CavcoIndustriesCVCO-InvestorRelations-ManufacturedHousingIndustryCompanyHighlightsDailyBusinessNewsMHProNews

Twelve months ended March 31, 2018 compared to the twelve months ended April 1, 2017,” according to their statement.

  • Net revenue was $871.2 million, 12.6% higher than $773.8 million. The increase was primarily from a larger proportion of higher priced homes sold and improved home sales volume.
  • Income before income taxes increased 42.0% to $78.5 million as compared to $55.3 million. In addition to the investment gain described above, the improvement was from increased home sales volume and pricing, a $3.4 million favorable dispute settlement resolution in the third fiscal quarter and improved earnings in the financial services segment.
  • Income tax expense was $17.0 million, creating an effective tax rate of 21.7% compared to income tax expense of $17.3 million and an effective rate of 31.3%. The current fiscal year benefited from the Tax Cuts and Jobs Act, which made broad and complex changes to the U.S. tax code. In connection with lower federal income tax liability related to the Tax Act and requisite revaluation of the net deferred income tax balance, the Company recorded a net income tax benefit of $4.8 million (or $0.52 per diluted share). Additionally, the Company recognized benefits of $2.1 million (or $0.23 per diluted share) from the current year adoption of accounting standards that required excess tax benefits on stock option exercises to be recorded as a reduction of income tax expense instead of equity as was previously required.
  • Net income was $61.5 million, up 61.8% from net income of $38.0 million.
  • Net income per share, based on basic and diluted weighted average shares outstanding, was $6.82 and $6.68, respectively, versus basic and diluted net income per share of $4.23 and $4.17, respectively.

Joseph “Joe” Stegmayer, Chairman, President, and Chief Executive Officer said, “We were pleased to complete the fiscal year with improved income from operations and growth in product sales. Fourth quarter gross profit as a percentage of revenue improved from home sales prices gradually increasing throughout the year to address rapidly rising material and labor input costs. Still, we work to keep prices competitive and affordable through efficient factory production processes and cost controls. We are also focused on improving production workforce size and productivity to raise home building levels further.”

BeachfrontHomeCavcoIndustriesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Stegmayer continued, “Fiscal year 2019 begins with optimism about demand for housing as home ownership rates, currently at a low 64.2%, are reported to be trending higher. With housing prices and rental rates also on the rise, we believe systems-built housing will be an increasingly sought after option for affordable living.”

Stegmayer was inducted into the RV MH Hall of Fame in 2016.

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He is also the current chairman of the hall and museum.

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CavcoIndustriesQ4April2018ManufacturedHousingIndustryModularHomesDailyBusinessNewsMHProNewsCavcoIndustriesCVCOFocusTransformationManufacturedHousingIndustryDailyBusinessNewsMHProNews

CavcoIndustriesConsolidatedBalanceStatementsofIncomeDailyBusinessNewsMHProNews

 

CavcoIndustriesOtherOperationsq42018DailyBusinessNewsMHProNews

 

Behind the Curtain, and the Data

Cavco has been surpassed by Champion, which has taken over the number 2 spot in manufactured housing production, per their respective data sets.

Cavco’s president Joe Stegmayer was formerly with Clayton Homes.  Clayton today is owned by Berkshire Hathaway, and is the industry’s largest producer.

Cavco’s Stegmayer is the new chairman of the Manufactured Housing Institute (MHI).  For those members which thought that Stegmayer would lead the association in a new direction than the prior Berkshire Hathaway chair, there is no discernable difference.

ManufacturedHousingIndustryMHIBoardofDirectorsChairmanJoeStegmayerDailyBusinessNewsMHProNews

Cavco is one of the firm’s that is ‘vertically integrated’ in manufactured housing.

For more general industry insights, click the related report, links below.

Disclosure, MHProNews has no stake or financial interest Cavco, and is making no recommendation in this report.  “We Provide, You Decide.” © ## (News, analysis, and expert commentary.)

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Related Reports:

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

NAR’s Lawrence Yun Raises Alarm for New Housing Crisis, MH Import?

 

Robotics, 3D Printed Housing, Imminent Challengers for Manufactured Homes, Modular Housing – 3D Build Systems CEO Don Musilli

Understanding the Modern Realities of MHVille – Winners, Losers, Profits, and Loss

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Investors’ View of Manufactured Housing Industry Production & Retail – Cavco Industries (CVCO)

April 6th, 2018 Comments off

CavcoIndustriesInvestorsViewManufacturedHousingDailyBusinessNewsMHProNews

With the stock markets roiled by uncertainty sparked by political events, concerns over “a trade war” that’s been underway for decades, and a number of tech giants bruised over regulatory issues, smart money investors are in search of options.

 

FocusedTransformationGrowthCavcoIndustriesCVCOManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

While many investment opportunities can be found, perhaps among the highest ranking contrarian investment strategies would be manufactured housing production, retail, and development.

 

CavcoSnapshotManufacturedHousingIndustryDailyBusinessNewsMHProNews1

There are those who question some of Warren Buffett’s politics and business practices, but one principle he’s proven for years is that buying and operating a good company allows the investor to control their own destiny, instead of riding a roller coaster with the sometimes turbulent markets. Buffett is a buy and hold guy, saying “our favorite holding period is forever.” on good operations in business sectors that he says are easy to understand. Buffett has bet billions on Manufactured Housing, and Cavco Chairman Joe Stegmayer hails from years at Berkshire Hathaway owned Clayton Homes.

 

A Brief Note on the MH Community Sector

Before diving into this report, there is certainly an ongoing interest in manufactured home communities as one of the more appealing sectors in commercial real estate. Loan performance on manufactured home communities – even during the so-called Great Recession – was better than most.

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

 

But the competition for communities has grown quite intense. Portfolios pros tell MHProNews that they are still doing community deals, but the super-bargains are harder to find than 5 years ago.

That said, with the correct relationships, the community sector still has strong appeal. A snapshot of a publicly traded industry giant – Sun Communities (SUI) is linked above.

 

CavcoCVCOAgeRestrictedResortCommunitiesManufacturedHomeIndustryDailyBusinessnewsMHProNews600

Cavco supplies homes to land lease manufactured home communities, as well as others who retail or rent manufactured housing.

 

Snapshot of the Logic of Investing in Affordable Housing

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

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Manufactured Housing “Top Ten Truths”

Some other hidden gems of manufactured housing are summed up in the following report, and the brief but potent insights in the video that follows.

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

 

 
MultiFamilyMultiStoryProjectsCavcoCVCOManufacturedModularPrefabHousingIndustryDailyBsuinessNewsMHProNews

 

Production, Retail and Development

Retailers, and some HUD Code manufactured home builders report they are supplying more homes going into various kinds of new developments.

CavcoCVCOCompanyHighlightsManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Among them are developments geared for rental housing. The returns on that, per sources to the Daily Business News, can be attractive. The cost of developing with manufactured homes can be lower and faster than conventional building of single or multifamily housing.

 

 

But perhaps the biggest gem hiding in plain sight is manufactured home production that’s tied to retail.

CVCOManufacturedHousingIndustryProfileManufacturedHousingIndustryDailyBusinessNewsMHProNews

There are several possible business models.  As a quick overview there are those HUD Code manufactured home builders which:

  • supply independents,
  • at least one builder that actively supports the establishment of new independent manufactured home retailers,
  • those producers whose operations are entirely vertical,
  • and those which include a mix of vertical and independent companies.

Clayton, Cavco and Champion – to their respective degrees – follow the latter pattern; selling to their own sales centers, as well as to independently owned dealers.

Skyline Corp, Champion Homebuilders Conference Call Presentation Facts, Figures, Forward-Looking Statements, Planned Merger Detail$

There seems to be an apparent variation between the data cited by Cavco, and that cited by Champion-Skyline during their conference call that discussed their pending merger.

ManufacturedHousingIndustryProfileAprox9MllionHouseholds22MillionAmericans9percentSingleFamilyHousingStock

Investor$, Manufactured Housing, and Proof of Concept

Cavco and Champion have each claimed to be larger than the other in market share. There are several possible explanations, but the Daily Business News merely notes that observation for now, and is taking no position at this time in that intra-MHI member data dispute.

ResortRentalModelManufacturedHousingIndustryDailyBUsinessNewsMHProNEws

From Cavco’s (CVCO) Investor Relations Page

Cavco is a leading designer and builder of systems-built structures including manufactured homes, modular homes, commercial buildings, park model RVs, and vacation cabins. We operate 20 manufacturing facilities across the nation, which build some of the most widely recognized brand names in the industry: Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Fairmont Homes, Friendship Homes, Chariot Eagle and Lexington Homes. The company’s insurance group, Standard Casualty, offers a wide range of insurance products for manufactured home owners and its finance subsidiary, CountryPlace Mortgage, offers a variety of homebuyer financing options.

CavcoCVCOkitchenManufacturedHousingIndustryDailyBusinessNewsMHProNEws

As a corporation publicly traded on the NASDAQ Global Select Market (symbol CVCO), we have a commitment to our stockholders, our people, and our homebuyers to provide quality housing and exceptional service. In recognition of its innovation, customer service, and long term stability, Cavco Industries has been awarded the following accolades:

  • MHI Manufacturer of the Year, for seven consecutive years
  • Forbes Magazine 100 Best Managed Companies in the U.S.
  • Forbes Magazine America’s 100 Best Small Companies

CompellingMasterBedroomCavcoCVCOManufacturedHousingINdustryDailyBusinessNewsMHProNews

CavcoCVCOSystemsBuiltInFactoryModulesFittedTogetherManufacturedHousingINdustryDailyBUisnessNewsMHProNewsFactoryVsSiteBuildingLessWasteTheftCAVCOCVCOManufacturedHousingIndustryDailyBusinessNewsMHproNewsManufacturedHousingMarketDailyBusinessNewsMHProNews

We like some of the Skyline Champion and Sun Communities industry data presentation better than what Cavco provides, so the charts below are from information they’ve provided.

ManufacturedHomeShipmentTrendsPercentageNewHomeStartsSkylineChampionPowerPointMastheadBlogDailyBusinessNewsMHProNews

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The industry – and investors – have to ask and answer the question, if manufactured homes are such an amazing value, why isn’t the industry doing better? It’s a question that investors and newcomers put to MHProNews.  Part of the answer can be found in the report linked below, which spotlights the Urban Institute’s asking and responding to the same question.

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

Last and not least is this report that looks at why a new post-production association is needed in manufactured housing.  This provides several clues as to why the industry isn’t performing better today.

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

Finally, a bit of history also helps. The manufactured home industry was far more vibrant and diverse in days gone by.  Understanding the past – something that Warren Buffett strongly believes in, plus understanding the present – can provide powerful insights as to what is possible in the future.

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Bloomberg, HousingWire, Realtor and Fox all suggest Manufactured Homes as Important Solution for Affordable Housing in America

The bottom line is that the right combination of capital committed to long-term thinking, that attracts a blend of industry veterans and new blood, and that is willing to buck the ruling oligarchy could dominate in manufactured housing.   “We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

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Consulting, Marketing, Video, Recruiting, and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

MHVC Slips; MH Stocks Split Pluses and Minuses; Dow Drops 100+ Points

March 4th, 2015 Comments off

March_4_dow_jonesYahoo!Finance informs MHProNews the Manufactured Housing Composite Value dropped -0.77 percent to 595.6, while the Carlyle Group posted the largestt gain and Skyline Corp. fell the most. The Dow Jones Industrial Average lost -106.47 points, -0.58 percent, to close at 18,096.90. The Nasdaq dropped -12.76 points, -0.26 percent to close at 4,967.14, while the S&P fell -9.25 points, -0.44 percent, to finish the day at 2,098.53.

Dow Jones Industrial Average 17,390.52 +195.10 (+1.13%).

Nasdaq 4,630.74 +64.60 (+1.41%).

S&P 500 2,018.05 +23.40 (+1.17%).

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $212.75 -4.29 (-1.98%)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $217,612.00 -1,388.00. (-0.63%).

Carlyle Group (NASDAQ:CG) $26.70 +0.77 (+2.97%).

Cavco Industries, Inc. (NASDAQ:CVCO) $70.76 -0.77 (-1.08%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00% (0.00%).

Drew Industries, Inc. (NYSE:DW) $59.03 -0.80 (-1.34%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $53.75 -0.61 (-1.12%).

Killam Properties Inc. (TSE:KMP) $8.63 +0.00 (0.00.%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $16.68 +0.07 (+0.42%).

Nobility Homes Inc. (OTCMKTS:NOBH) $10.10 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $57.44 +0.56 (+0.99%).

Skyline Corporation (NYSEMKT:SKY) $3.47 -0.11 (-3.07%).

Sun Communities Inc. (NYSE:SUI) $67.04 -0.56 (-0.83%).

Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 30) $57.81 +0.35 (+1.85%).

UMH Properties, Inc. (NYSE:UMH) $9.44 -0.08 (-0.84%).

Universal Forest Products, Inc (NYSE:UFPI) $53.48 +0.15 (+1.29%). #

 

matthew-silver-daily-business-news-mhpronews-com (Article submitted by Matthew J. Silver to Daily Business News MHProNews)

Manufactured Housing Stocks Rising before Labor Day Weekend

August 29th, 2014 Comments off

2014-08-29_1516-money-cnn-credit=posted-daily-business-news-mhpronews-com-The Dow slipped, while other U.S. exchanges rose and most tracked stocks went up in advance of the Labor Day weekend. Dow 17,063.88 -15.69 (-0.09%). Nasdaq 4,572.95 +15.25 (+0.33%). S&P 500 1,999.93 +3.19 (+0.16%). Yahoo! Finance’s Manufactured Housing Composite Value: 831.1. Today’s Change: +0.12%.

Affiliated Managers Group (AMG) $210.97 +0.69 (+0.33%). Berkshire Hathaway (BRKA) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – 205,600.00 +1,560.00 (+0.76%). Carlyle Group (CG) $33.15 -0.08 (-0.24%). Cavco Industries (CVCO) 71.07 +0.69 (0.99%). Deer Valley (DVLY) 0.800 0.000 (0.00%). Equity LifeStyle Properties (ELS) 45.73 +0.31 (+0.68%). Killam Properties Inc (KMP) 10.55 +0.03 (+0.29%). Liberty Homes, Inc. (LIBHA) 1.50 0.00 (0.00%). Louisiana Pacific Corp (LPX) 14.26 +0.06 (+0.42%). Nobility Homes (NOBH) 11.00 0.00 (0.00%). Sun Communities Inc (SUI) 53.61 -0.06 (-0.11%). Skyline Corp (SKY) 3.50 +0.01 (+0.29%). Third Avenue Value Fund (TAVFX) 62.37-0.38 (-0.61% (Aug 28)). UMH Properties (UMH) 10.26 +0.02 (+0.20%). Universal Forest Products (UFPI) 47.35 +0.09 (+0.19%). ##

(Image credit: CNNMoney)

“The Big One” Cyber Attack coming? Markets and MH Composite all slide

August 28th, 2014 Comments off

8.28.2014.money-cnn-credit-posted-daily-business-news-mhpronews-com-Big banks are poised to earn even more, cyber security experts say the ‘Big One’ is coming and fears from the Ukraine were among the factors cited by MarketWatch  moving investors. The three major indexes all lost ground today. Dow 17,078.87 -43.14 (-0.25%). Nasdaq 4,557.70 -11.92 (-0.26%). S&P 500 1,996.76 -3.36 (-0.17%). Yahoo! Finance’s Manufactured Housing Composite Value: 831.1. Today’s Change: -2.30%.

Affiliated Managers Group (AMG) $210.21 -1.09 (-0.52%). Berkshire Hathaway (BRKA) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – 204,300.00 -441.00 (-0.22%). Cavco Industries (CVCO) 70.56 -2.20 (-3.02%). Deer Valley (DVLY) 0.800  0.000 (0.00%). Equity LifeStyle Properties (ELS) 45.48 +0.14 (+0.31%). Liberty Homes, Inc. (LIBHA) 1.50 0.00 (0.00%). Louisiana Pacific Corp (LPX) 14.23 -0.20 (-1.35%). Nobility Homes (NOBH) 11.00 0.00 (0.00%). Sun Communities Inc (SUI) 53.84 +0.16 (+0.30%). Skyline Corp (SKY) 3.54 +0.03 (+0.85%). Third Avenue Value Fund (TAVFX) 62.75 -0.04 (-0.06% Aug 27th). UMH Properties (UMH) 10.24 +0.06 (+0.59%). Universal Forest Products (UFPI) 47.46 -0.21 (-0.44%). ##

(Image credit: CNNMoney)

U.S. Markets Down, Skyline leads gainers while MH Composite slides

August 27th, 2014 Comments off

money-cnn8272014credit-posted-daily-business-news-mhmsm-com-Twitter’s CEO sounded off on Snapchat’s 10 billion dollar valuation not being “absurd,” on a day that saw a modest retreat in U.S. exchanges. Dow 17,102.31 -4.39 (-0.03%). Nasdaq 4,564.85 -5.79 (-0.13%). S&P 500 1,997.83 -2.19 (-0.11%). Yahoo! Finance’s Manufactured Housing Composite Value: 848.7, today’s change: -0.63%.

Affiliated Managers Group (AMG)  $211.04 -2.19 (-1.03%). Berkshire Hathaway (BRKA) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – 204,810.00 +233.00 (+0.11%). Cavco Industries (CVCO) 72.89 -0.44 (-0.61%). Deer Valley (DVLY) 0.800 0.000 (0.00%). 44.03 +0.13 (+0.30%). Equity LifeStyle Properties (ELS) 45.30  +0.15 (+0.33%). Liberty Homes, Inc. (LIBHA) 1.50 0.00 (0.00%). Louisiana Pacific Corp (LPX) 14.43 -0.11 (-0.76%). Nobility Homes (NOBH) 11.00 0.00 (0.00%). Patrick Industries (PATK) 40.75 +0.74 (+1.85%). Skyline Corp (SKY) 3.55 +0.13 (+3.80%). Sun Communities Inc (SUI) 53.64 +0.15 (0.28%). Third Avenue Value Fund (TAVFX) 62.79 +0.04 (+0.06%). UMH Properties (UMH) 10.19 +0.03 (+0.30%). Universal Forest Products (UFPI) 47.73 +0.44 (0.93%). ##

(Graphic credit: CNN Money)

Market & Tech Talk – iPhone 6 & Housing Hot, Best Buy, Not

August 26th, 2014 Comments off

cnn-money-dow-chart-credit-posted-daily-business-news-mhpronews-com-Two weeks to the expected release date of the iPhone 6, and the shake, rattle and (death?) roll of Best Buy were among the headline grabbers that Marketwatch  touts to MHProNews. Housing is widely seen as looking up, and so went the markets overall today too. Dow 17,124.63 +47.76 +0.28%. Nasdaq 4,573.90 +16.55 +0.36%. S&P 500 2,001.67 +3.75 +0.19%. The Yahoo! Finance Manufactured Housing Composite Value slipped 854.7 -0.92%.

Affiliated Managers Group (AMG)  $212.85 +8.60 (+4.21%). Berkshire Hathaway (BRKA) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – 204,428 -151 (-0.07%). Cavco Industries (CVCO) 73.65 -0.34 (-0.46%). Deer Valley (DVLY) 0.80 0.00 (0.00%). Drew Industries (DW) $43.82 +0.52 (+1.20%). Equity LifeStyle Properties (ELS) $45.12 +0.10 (+0.22%). Liberty Homes, Inc. (LIBHA) 1.50 0.00 (0.00%). Louisiana Pacific Corp (LPX) 14.56 +0.16 (+1.15%). Nobility Homes (NOBH) 11.0 0.00 (0.00%). Patrick Industries (PATK) 39.93 -0.19 (-0.47%). Skyline Corp (SKY) 3.34 -0.43 (-11.38%). Sun Communities Inc (SUI) 53.44 +0.15 (+0.28%). Third Avenue Value Fund (TAVFX) 62.75 +0.33 (+0.53%) (Aug 25). UMH Properties (UMH) 10.16 +0.05 (+0.49%). Universal Forest Products (UFPI) 47.06 +0.19 (+0.40%). ##

(Image credit: CNN Money)

Sales of SF New Homes hit 4 month low, Manufactured Housing Composite edges up

August 25th, 2014 Comments off

money-cnn-8.25.2014=credit-posted-daily-business-news-mhpronews0com-MarketWatch tells MHProNews that sales pace of new single-family homes fell to a four-month low in July, missing analysts’ estimates. The Dow closed up, the S&P 500 hit an all time high of 2000 before retreating. DOW 17,079.98 +78.76 +0.46%. NASDAQ 4,557.35 +18.80 +0.41%. S&P 500 1,998.28 +9.88 +0.49%. The Yahoo! Finance Manufactured Housing Composite Value edge up a fraction, 862.1 Today’s Change: +0.01%.

 

Affiliated Managers Group (AMG) 204.23  +3.39 (1.69%). Berkshire Hathaway (BRKA) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – 204,360.00 +828.00 (0.41%). Cavco Industries (CVCO) 73.92  -1.44 (-1.91%). Deer Valley (DVLY) 0.800  0.000 (0.00%). Drew Industries (DW), 43.32  +0.30 (0.70%). Equity LifeStyle Properties (ELS) 45.03  +0.02 (0.04%). Liberty Homes (LIBHA), 1.50  0.00 (0.00%). Louisiana Pacific Corp (LPX) 14.39  -0.03 (-0.21%). Nobility Homes (NOBH) 11.00  0.00 (0.00%). Patrick Industries (PATK), 40.02  -1.98 (-4.72%). Skyline Corp (SKY) 3.81 -0.24 (-5.93%). Sun Communities Inc (SUI) 53.29 -0.22 (-0.41%). Third Avenue Value Fund (TAVFX), 62.42-0.20(-0.32%) (Aug 22). UMH Properties (UMH), 10.12 -0.01 (-0.10%). Universal Forest Products (UFPI) 47.24 -0.24 (-0.50%). ##

(Graphic Credit: CNN Money)

Yellen Didn’t Help Markets; Yahoo Manufactured Housing Composite Value Rises, Dow Slips

August 22nd, 2014 Comments off

credit-cnn-money-posted-daily-business-news-8222014-mhpronews-com-

U.S. stocks slipped amid Ukraine-Russian woes. Marketwatch tells MHProNews  that investors shrugged over a “balanced speech” by Federal Reserve Chairwoman, Janet Yellen. The S&P 500 SPX, -0.01% slipped by 1 point, or less than 0.1%, to 1,991, while the Dow Jones Industrial Average DJIA, -0.04% shed 10 points, also less than 0.1%, to 17,030. The Nasdaq Composite COMP, +0.33% tacked on 13 points, or 0.3%, to 4,545. Yahoo! Finance Manufactured Housing Composite value rose 1.02% today, to 862.4.

 

Affiliated Managers Group (AMG) $201.52 +0.72 (+0.36%). Berkshire Hathaway Inc. (BRK-A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – 203,920.00  -1,239.00 (-0.60%). Cavco Industries, Inc. (CVCO) 75.20 -0.30 (-0.40%). Deer Valley Corporation (DVLY). 0.80 0.00 (0.00%). Drew Industries (DW) 43.08 -0.18 (-0.42%). Equity Lifestyle Properties (ELS) 45.05 -0.06 (-0.13%). Liberty Homes (LIBHA) 1.50 0.00 (0.00%). Louisiana Pacific Corp (LPX) 14.45 +0.02  (+0.14%). Nobility Homes (NOBH) 11.00  0.00 (0.00%). Patrick Industries, Inc. (PATK) 42.19 +0.10 (+0.25%) Skyline Corp (SKY) 4.00 0.00 (0.00%). Sun Communities Inc (SUI) 53.54 -0.24 (-0.45%). Third Avenue Value Fund (TAVFX) 62.62 +0.20 (+0.32% Aug 21). UMH Properties (UMH) 10.13 -0.05 (-0.49%). Universal Forest Products (UFPI) 47.58 +0.12 (+0.25%). ##

(Graphic Credit: CNN Money)