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Manufactured Housing Industry Headline News, Sunday Morning Weekly Recap 2.25.2018 to 3.4.2018

March 4th, 2018 Comments off

ManufacturedHousingIndsutryHeadlineNewsSundayMorningRecap2.25.2018to3.03.2018

 

If you are not catching flak, you are not over the target” – is an Air Force maxim. Its reverse is equally revealing – “If you‘re catching flakyou‘re over the target.” – and it means you are likely near the mark or are scoring direct hits.

 

There has been a lot of flak from defenders of MHI and Berkshire this past week.

So there must be some target rich insights in the reports that follow, below.  The real heat is over the ‘new class of homes,’ and the concerns that the Nation has raised about Berkshire and their evidence and claims of monopolistic  practices.  Those are among our headlines below, but of course, there are a number of other topics, such as financing, markets, good news and more.

There will be a new Masthead that will be added to this, later today. An interesting new commentary by manufactured housing advocate, the Rev Donald Tye, Jr. has come in, which we plan to post this week.

 

For accuracy and in fairness, push back can come for reasons of honest disagreement. Accuse someone that is innocent of wrong-doing and you would naturally expect them to deny it. They may even do so in a heated manner.

Attorneys, politicians and professional debaters are taught certain debating tricks. One of them is the “straw man argument,” and it relies on readers or listeners missing one or more important details. Like a scare-crow mimics an actual human, hoping to scare crows away from a corn field, the strawman argument is similar to what was actually said, but has important differences.

What we’ve seen last week included the liberal use of the straw man, and other debaters’ tricks.

‘Over Target’ Reactions, WHA Exec (ret) Ross Kinzler, Won’t Defend MHI Policies & Points to Prior MHI Failure

There must be some heady targets in the links from the Daily Business News, which drew those reactions, below.

 

What’s New on the Daily Business News

DailyBusinessNewsLogoMHProNewsLogo

 

Saturday 3.3.2018

Keith Anderson, CEO Champion Homes, MHI ‘New Class’ Monopoly Concerns Memo, ‘Harms Owners, Independents’

Keith Anderson, CEO Champion Homes, MHI ‘New Class’ Monopoly Concerns Memo, ‘Harms Owners, Independents’

 

Friday 3.2.2018

Experts Break Down Anticipated Cost$ of Tariffs on New Manufactured Homes

Experts Break Down Anticipated Cost$ of Tariffs on New Manufactured Homes

MHPros Sound off on Steel Deal, Wilbur Ross Reacts to Controversy, Plus MH Market UPdate$

 

Wisconsin Housing Alliance – an MHI ‘Affiliate’ – Amy Bliss’ Messages Raise New Anti-Trust Issue

Wisconsin Housing Alliance – an MHI ‘Affiliate’ – Amy Bliss’ Messages Raise New Anti-Trust Issue

 

“F-Bombs” Fly – Cursing Manufactured Housing and Tornadoes – Engaging Public, Experts, Officials, and Media

“F-Bombs” Fly – Cursing Manufactured Housing and Tornadoes – Engaging Public, Experts, Officials, and Media

 

Thursday 3.1.2018

Announced Tariff’s on Chinese Steel, Aluminum Spark Stock Sell-Off, MH Industry Outlook?

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

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

Controversial Trump Tariff$ Announcement, Century Aluminum CEO Explains the Facts, Plus MH Market UPdate$

“Starting” Dip in Home Sales, New Crisis Says Housing Experts

“Starting” Dip in Home Sales, New Crisis Says Housing Experts

 

Wednesday 2.28.2018

York’s Champion Production Center Celebrates 58th Birthday

York’s Champion Production Center Celebrates 58th Birthday

Skyline and Champion 30 Day Snapshot, Plus Manufactured Housing Market UPdate$

HFFLP Arranges $400M JV in US Properties, NAM Update$

Robbie’s Revolution Precrafted’s $1.1 Billion-Dollar PreFab Project

Robbie’s Revolution Precrafted’s $1.1 Billion-Dollar PreFab Project

 

Tuesday 2.27.2018

Silverton Mortgage Announces Acquisition by Berkshire Hathaway’s Vanderbilt Mortgage and Finance, Plus MH Market UPdates

122 Site Manufactured-Home Community Proposed

122 Site Manufactured-Home Community Proposed

Housing, Jobs, Poverty, Opportunity – Kerner Commission Remix, HUD and Manufactured Homes

Housing, Jobs, Poverty, Opportunity – Kerner Commission Remix, HUD and Manufactured Homes

‘Tricked Out Trailer’ – Movie Mogul’s Multimillion ‘Mobile Mansion’

‘Tricked Out Trailer’ – Movie Mogul’s Multimillion ‘Mobile Mansion’

 

Monday 1.26.2018

HUD Reg Review Could Yield Housing, Econ Boom; Plus MH Market UPdate$

DEADLINE! Invest 1 Hour NOW to Secure Brighter Future – Monday Morning Sales Meeting

DEADLINE! Invest 1 Hour NOW to Secure Brighter Future – Monday Morning Sales Meeting

Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing

Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing

Federal Manufactured Home Improvement Loans Are Available, says RE author Tom Kelly

 

Sunday 2.25.2018

Manufactured Housing Industry Headline News, Sunday Morning Weekly Recap 2.18.2018 to 2.25.2018

Manufactured Housing Industry Headline News, Sunday Morning Weekly Recap 2.18.2018 to 2.25.2018

Got a news tip?  A document or email, etc. that has a revealing insights?

Keep in mind, some articles, including those recently covered, begin as a result of one or more reader’s news tip(s).  That’s why from the biggest companies to the medium and smaller independents, this is the runaway number one news source in all of manufactured housing.  Period.

For the Daily Business News today, ‘that’s all she wrote.’ ## (Headline news, analysis, and commentary.)

Don’t be the last to know. Over 1,000 new subscribers in the past 2 months. Thousands More “Get It.”

Sign Up Today! Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates. You’ll see in the first issue or two why big, medium and ‘mom-and-pop’ professionals are reading them by the thousands. These are typically delivered twice weekly to your in box.

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

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You can remain anonymous. Let us know if you want credit, or want to be off the record. 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.

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

 

 

TD Securities, Scotiabank Restate Positive Ratings for Killam Properties

November 9th, 2016 Comments off
tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditglobeandmailtdscotiabankkillam-postedtothedailybusinessnewsmhpronewsmhlivingnews

Pictured: Philip Fraser. Credits: Globe and Mail, TD Securities, Scotiabank, Killam.

TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN).

TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00.

Scotiabank also restated their “perform” rating on Killam in a report released on November 2nd. Scotiabank has a C$13.75 price target on the stock.

According to The Cerbat Gem, a number of other banks have also released reports on Killam recently:

  • RBC Capital Markets raised their price target on shares from C$13.00 to C$14.00 in a report on August 5th.
  • CIBC raised their price target on shares from C$13.25 to C$13.75 in a report on August 5th.
  • Royal Bank Of Canada raised their price target on shares of Killam Properties from C$13.00 to C$14.00 in a report on August 8th.
  • Canaccord Genuity downgraded shares of Killam from a “buy” rating to a “hold” rating and raised their price target for the company from C$13.50 to C$14.00 in a report on July 27th.

 

tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditcerbatgem-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The Cerbat Gem.

Overall, two investment analysts have rated the stock with a “hold” and five have issued a “buy” rating. The company presently has an average rating of “buy” and an average target price of C$13.97.

As regular Daily Business News readers are already aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

 

tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditbloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

Killam is also one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews. For the recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

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

ELS Shares Down, Bank of Montreal Acquires New Stake

October 4th, 2016 Comments off
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Credit: ELS logo, used on MHProNews under fair use guidelines.

Equity Lifestyle Properties, Inc. (NYSE:ELS) stock was down 1.74% on September 30th, hitting a price of $77.18, which has raised concerns for some traders who wonder – is part of a new pattern?

According to the Press Telegraph, analysts expect earnings of $0.83 per share, which would be an increase of 7.79% from last year’s earnings of $0.77 per share. The next ELS earnings call is scheduled for October 17th.

Information from The Market Digest indicates that traders have been “relatively bearishon ELS over the last 4 weeks. But the stock went down only 1.6%.  Compared to the S&P 500 over the same period and the stock price has fallen 3.46% over the past week.

ELS stock is expected to deviate a maximum of $7.57 from the average target price of $78.33 for the short-term period. Experts have initiated coverage on the stock with the high target of $87.00 according to The Market Digest.

elssharesdownbankofmontrealcanacquiresnewstakecreditbloomberg-postedtodailybusinessnews

ELS 1 year view. Credit: Bloomberg

As Daily Business News readers are aware, we recently covered ELS, their dividend updates and their September 8th acquisition in Ellenton, FL. The company has a market cap of $6.83 billion, and is one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.

Bank of Montreal Acquires New Stake

According to Baseball News Source, the Bank of Montreal Can acquired 162,197 shares of ELS, valued at $12,984,000 according to its most recent 13F filing with the SEC.

After the SEC filing, Montreal Can owned about 0.19% of ELS. A number of other investors adjusted their stakes in the company:

  • Norges Bank acquired a new stake during the fourth quarter valued at approximately $43,997,000.
  • NN Investment Partners Holdings N.V. acquired a new stake during the first quarter valued at approximately $33,005,000.
  • Goldman Sachs Group Inc. boosted its stake by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,556,487 shares of the company’s stock valued at $113,204,000 after buying an additional 311,786 shares during the period.
  • Renaissance Technologies LLC boosted its stake by 18.7% in the first quarter and now owns 1,026,300 shares of the company’s stock valued at $74,643,000 after buying an additional 161,600 shares during the period.
  • State Street Corp boosted its stake by 3.0% in the first quarter. State Street Corp now owns 2,457,328 shares of the company’s stock valued at $178,722,000 after buying an additional 72,727 shares during the period.

Institutional investors currently own some 94.83% of ELS stock.

A number of research firms have weighed in on ELS.

Institutional Ownership by Quarter for Equity Lifestyle Properties (NYSE:ELS)

Credit: Baseball News Source

BMO Capital Markets reissued a “hold” rating and issued a $77.00 target price on shares in a report on Thursday, July 28th.

Citigroup Inc. increased their target price on ELS from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 7th.

Cantor Fitzgerald reissued a “hold” rating on shares of Equity Lifestyle Properties in a report on Saturday, June 4th.

As manufactured housing professionals, investors and enthusiasts know, ELS is a REIT – a Real Estate Investment Trust – and is one of the largest owner/operators of manufactured home communities and RV parks in the nation. The Daily Business News will continue to follow ELS closely. ##

(Image credits are as shown.)

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RC Williams, for Daily Business News, MHProNews.

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

 

Equity LifeStyle Properties Investor Management Fund, Dividend Updates

September 29th, 2016 Comments off
EquityLifestylePropertiesExpectedToPayDividendOnOctober14thequitylifestyleproperties-elslogo-creditels-posteddailybusinessnews-mhpronews

Credit: ELS logo, used on MHProNews under fair use guidelines.

Equity Lifestyle Properties, Inc. (NYSE:ELS) is expected to pay a $0.43 dividend on Oct 14, 2016.

ELS shareholders owning stock before Sep 28, 2016 will be eligible to receive the payout. Based on Equity Lifestyle Properties, Inc.’s current price of $79.70, the dividend is 0.53%. The indicated annual dividend is $1.70.

As manufactured housing professionals, investors and enthusiasts know, ELS is a REIT – a Real Estate Investment Trust – and is one of the largest owner/operators of manufactured home communities and RV parks in the nation.

EquityLifestylePropertiesExpectedToPayDividendOnOctober14thels-california-hawaiian-san-jose-calif-mhvillage-creditManufacturedHousingIndustryDailyBusinessNewsMHProNews

Credit: MHProNews

The company has a market cap of $6.83 billion, and is one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.

According to Kentucky Post News, ELS stock decreased 0.41% or $0.33 on September 26, hitting $79.70, has risen 13.68% since February 23, 2016 and is trending upward. It has outperformed by 1.98% the S&P500.

els-equity-lifestyle-properties-expected-to-pay-dividend-on-october-14thcreditbloomberg-postedmanufacturedhousingindustrydailybusinessnewsmhpronews

ELS 1 year Stock Performance. Credit: Bloomberg

The next ELS earnings call is scheduled for October 17th at 4pm ET.

Sample Investor Breakouts:

  • Resolution Capital Ltd holds 5.63% of its portfolio in Equity Lifestyle Properties, Inc. equal to 1.07 million shares.
  • Irving Magee Investment Management owns 141,811 shares or 5.54% of their US portfolio.
  • First Western Capital Management Co has 3.83% invested in the company for 130,859 shares.
  • The New York-based Waterfront Capital Partners LLC has invested 2.41% in the stock.
  • Independent Order Of Foresters, a Ontario – Canada-based fund reported 29,956 shares.
 EquityLifestylePropertiesExpectedToPayDividendOnOctober14th

Ridgewood Estates. Credit: ELS & MHProNews

The Daily Business News has covered ELS in depth for years, including their recent September 8th acquisition in Ellenton, FL.

Additionally, our exclusive report on Sam Zell’s views of the MHC industry are linked here. ##

(Image credits are as shown.)

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RC WIlliams, for Daily Business News, MHProNews.

MH Industry Market Report by RC Williams to the Daily Business News for MHProNews.

Scotiabank ups Killam Properties Price Target to C$13.25

September 20th, 2016 Comments off

killampropertiescredit-postedmanufacturedhousingindustrymanufacturedhomecommunitiesdailybusinessnewsmhpronewsAccording to the Daily Quint, analysts at Scotiabank has increased the price target for Killam Properties Inc. (TSE:KMP.UN) from C$13.00 to C$13.25 in a research note issued on Friday. The firm currently has a “Sector Perform” rating on the stock.

In addition to Scotiabank, other research firms have commented on Killam in recent months:

  • CIBC increased their target price on shares from C$12.25 to C$13.25 in a research report on May 12th.
  • TD Securities increased their target price on shares from C$13.00 to C$14.00 and gave the stock a buy rating on May 12th.
  • RBC Capital increased their target price on shares from C$12.00 to C$13.00 and gave the stock an Outperform rating May 12th.
  • Canaccord Genuity boosted their target price on shares from C$12.00 to C$13.25 and gave the stock a buy” rating in a research report May 11th.

As we’ve previously reported (here and here), Killam Properties has been on an upswing for almost a year.

killampropertiesbloomberg1year-postedmanufacturedhousingindustrymarketsmanufacturedhomecommunitiesdailybusinesnewsmhpronews

Killam announced a distribution in August of $0.05 per unit was paid on September 15th to unit holders of record on August 31st.

cibc-rbc-tdsecurities-canacordgenuity-logos-postedmanufacturedhousingindustrymanufacturedhomecommunitiesdailybusinessnewsmhpronews

In their Q2 2016 earnings report on August 3rd, Killam reported 9.5% growth in FFO per unit, a $98 million dollar equity raise and $57 million of acquisitions completed. Details from the report can be found here.

philipfraser-presidentceokillamproperties-manufacturedhomecommunitiesdailybusinessnews-mhpronews

In addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario. Killam is part of the Daily Business News market report, for today’s closing numbers and full report, click here. ##
(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC WIlliams, for Daily Business News, MHProNews.

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

Manufactured Housing CompValue slips, 3 Markets Rise, but Oil Retreats

August 29th, 2016 Comments off

DowClosingTicker8292016-postedDailyBusinessNews-ManufacturedHousingIndustryMarketReport-MHProNews-U.S. stocks are adjusting to an expected Federal Reserve rate hike, MarketWatch reports.

CNBC, which was panned for its GOP primary debate moderation in 2015, is now playing the role of cheerleader for Hillary Clinton’s presidential hopes, saying Wall Street expects her to win over Trump in November. Trump ally, Carl Icahn watches Herbalife rise after he grew his stake, and oil is slumping again.

Daily Business News Market Tracker (CNBC):

Symbol Price Change %Change
DJIA 18502.99 107.59 0.58%
NASDAQ 5232.33 13.41 0.26%
S&P 500 2180.38 11.34 0.52%
Yahoo3MarketsIndexTickers-8-2902016-postedDailyBusinessNews-MHProNews-

Yahoo Finance, Main 3 U.S. Markets Tickers.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gave back -4.71 percentage points, and finally settled at $1,391.40.

8-2902016-YahooFinanceManufacturedHousingCompositeValueManufacturedHousingIndustryRelatedStocks-DailyBusinessNewsMHProNews

8.29.2016 Yahoo! Finance Manufactured Housing Composite Value Ticker.

The MH-related tracked stocks biggest loser was Third Ave (TAVFX)and the biggest gainer was Patrick (PATK) with a 1.90 percent climb to close at $64.45. Cavco was featured in a weekend report, linked here, and closed up

*Note: the chart below includes stocks not included in the MHCV

ManufacturedHousingIndustryRelatedStocks-tickercreditBloomberg-postedDailyBusinessNewsMHProNews

Credit, Bloomberg ticker for Daily Business News – MHProNews.

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Credit, Bloomberg ticker for Daily Business News – 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.)

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Deer Valley Homebuilders Leaps, Dow Dips, MHCV Slips

August 26th, 2016 Comments off
8-26-2016DowTickerCNNMoney-postedDailyBusinessNews-MHProNews

Image credit, CNN Money.

The brakes are being tapped on stocks, as Fed Chair Janet Yellen has said that the odds of a rate hike have strengthened. Talk of negative rates, as well as two possible rate hikes this year are being floated. Oil, gold, the Dow and S&P 500 have all retreated, while the Nasdaq posted a modest gain.

Daily Business News Market Tracker:

Dow 18,395.40 -53.01 -0.29.

S&P 500 2,169.04 -3.43 -0.16.

Nasdaq 5,218.92 6.71 0.13.

8262016ImagecreditBloomberg-postedDailyBusinessNews-MHProNews

Image credit, Bloomberg.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained -1.27 percentage points, and finally settled at $1,396.10.

YahooFinanceManufacturedHousingCompValue-8262016-postedDailyBusinessNewsMHProNews

 

The MH-related stocks biggest loser was UMH Properties (UMH), and the biggest gainer was Deer Valley Homebuilders (DVLY) with a 9.09 percent climb to close at $105.40. Affiliated Managers Group (AMG) was featured in a special report today, linked here, and their day closed up.

*Note: the chart below includes stocks not included in the MHCV

2016-08-26_1645Bloomberg-ManufacturedHousingConnectedStocks-PostedDailyBusinessNews-MHProNews

2016-08-26_1645Bloomberg-ManufacturedHousingConnectedStocks-PostedDailyBusinessNews-MHProNewsB

Manufactured Housing related stocks tickers credit, Bloomberg, for the Daily Business News, MHProNews.com

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.)

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

MH Industry Market Report by L. A. “Tony” Kovach, to Daily Business News for MHProNews.

Cavco leads in Manufactured Housing, Broader Markets Continue to slide

August 25th, 2016 Comments off

DowMarketTicker-8252016creditMarketwatch-postedDailyBusinessNews-MHProNewsIn today’s markets, the Dow Jones logged its lowest close in the past 3 weeks. The U.S. Dollar joined the herd of key indicators that are worried about the Fed’s Chair, Janet Yellen’s, upcoming speech. MarketWatch also reported that SEC fines 13 investment firms for advertising false performance claims, and that Dollar store results suffer from pressures on low-income consumers.

Daily Business News Market Tracker:

DowSPNasdaqMarketTicker-8252016creditMarketwatch-postedDailyBusinessNews-MHProNews

 

The Dow Jones Industrial Average lost -33.07 points to close at 18,448.41.

The S&P 500 dropped -2.97 points and closed at 2,172.47.

NASDAQ closed at 5,212.20.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained +9.80 points and finally settled at $1,414.04.

YahooFinanceManufacturedHousingCompositevalue8252016-postedDailyBusinessNewsMHProNews

The MH-related stocks biggest loser was Skyline Corp (SKY) closing at $11.15 due to a -2.19% drop and the biggest gainer was Cavco Industries (CVCO) with a 1.91 percent climb to close at $105.40.

*Note: the chart below includes stocks not included in the MHCV

ManufacturedHousingIndustryConnectedStocks-8252016-creditBloomberg-postedDailyBusinessNews-MHProNews-

ManufacturedHousingIndustryConnectedStocks-8252016-creditBloomberg-postedDailyBusinessNews-MHProNewsB-

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, MarketWatch, Bloomberg, Yahoo! Finance.)

FrankGriffinDailyBusinessNewDBNwriterMHProNewsManufacturedHousingIndustryNews75x75

Frank Griffin, Daily Business News, MHProNews.

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.

Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets

August 24th, 2016 Comments off

DowTicker8242016creditMarketWatch-postedDailyBusinessNews-MHProNews-The S&P 500 closed at its lowest level in two weeks. As news about struggles of insurers in ObamaCare exchanges continue and experience fallout, the health-care sector’s drag on U.S. stocks caused them to close at the lowest level since Aug.4. MarketWatch also reported that the U.S. Dollar is continuing to drift lower as investors wait for the Fed’s Yellen’s upcoming announcement.

Daily Business News Market Tracker:

3MajorMarketsClose8242016creditMarketWatch-postedDailyBusinessNews-MHProNews-

The Dow Jones Industrial Average lost -65.82 points to close at 18,481.48.

The S&P 500 dropped -11.46 points and closed at 2,175.44.

NASDAQ closed at 5,217.69.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) lost -13.33 points and finally closed at $1,404.23.

 

YahooFinanceManuHousingCompValue8242016-postedDailyBusinessNews-MHProNews-

Yahoo Finance Manufactured Housing Composite Value on 8-24-2016.

 

The MH-related stocks biggest loser was Sun Communities, closing at $75.76 due to a -1.94% drop. The biggest gainer was Skyline Corp., with a 7.65 percent climb to close at $11.40.

*Note: the chart below includes stocks not included in the MHCV

ManufacturedHousingIndustryRelatedStockTickers-creditBloomberg-postedDailyBusinessNews-MHProNews-

ManufacturedHousingIndustryRelatedStockTickers-creditBloomberg-postedDailyBusinessNews-MHProNews-b

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, MarketWatch, Bloomberg.)

FrankGriffinDailyBusinessNewDBNwriterMHProNewsManufacturedHousingIndustryNews75x75

Frank Griffin, Daily Business News, MHProNews.

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.

Skyline Leads, Housing Data and New Home Sales Push Stocks

August 23rd, 2016 Comments off

DowTickerCreditMarketWatch-postedDailyBusinessNews-8.23.2016The S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains.

Daily Business News Market Tracker

3marketsTickerCreditMarketWatch-postedDailyBusinessNews-8.23.2016

The Dow Jones Industrial Average gained 17.88 points to close at 18,547.30.

The S&P 500 inched up 4.26 to 2,186.90.

NASDAQ closed at 5,260.08.

Yahoo!ManufacturedHousingCompValueMHStocks-8-23-2016-postedDailyBusinessNewsMHProNews-

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained +16.30 points to finish at 1,417.56. The MH-related stocks biggest loser was Nobility Homes closing at $15.00, due to a -3.23% drop, and the biggest gainer was Skyline Corp with a 5.48 percent climb to close at $10.59.

*Note: the chart below includes stocks not included in the MHCV

8232016ManufacturedHousingRelatedStocksTicker=creditBloomberg-postedDailyBusinessNews-MHProNews

8232016ManufacturedHousingRelatedStocksTicker=creditBloomberg-postedDailyBusinessNews-MHProNews-b

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, MarketWatch, Bloomberg.)

FrankGriffinDailyBusinessNewDBNwriterMHProNewsManufacturedHousingIndustryNews75x75

Frank Griffin, Daily Business News, MHProNews.

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.