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Wheel Estate – Manufactured Home Consumer – Special Shopping Report

May 27th, 2019 Comments off

 

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While there are arguably market-manipulations afoot that impact manufactured housing, it would be inaccurate to pin the responsibility for all lost sales on a ‘rigged system.’  Retailers and communities can make a difference in their local market. Rephrased, we believe that individual companies do have a level or responsibility for doing what they can in their market, as this teaser will outline.

 

 

An investor recently called MHProNews to get some tips on shopping for a new HUD Code manufactured home or a modular home. Tips were duly provided, along with suggested reading.

That investor is planning to buy one or two homes initially for property owned, which will then be resold. As stated, that investor will pay cash, no financing necessary.  This isn’t hypothetical, or a mystery shopper, it is a real and serious buyer.

He checked in earlier to say that he’s since shopped 7 different manufactured home locations. He’s made and is making notes. Some of those who he’s shopped are independents, others are vertically integrated chain retailers of one of the big 3 or other companies.

Initially impressed with some retailers, that shopper said he discovered that some did not return follow up calls for more information.

Others, who asked him to ‘register’ upon arrival at their retail sales office, never followed up by phone or otherwise – even though they had completed contact information.

 

2 Upcoming Special Reports

There will be a series of special reports on manufactured home marketing and selling. That manufactured home shopper plans to provide a detailed, written report in June, which MHProNews will feature.

We will also provide a report tomorrow on manufactured home marketing and sales. Stay tuned for both.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

That’s today’s ‘almost midnight’ edition of manufactured home “Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide 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 Re-sources

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.

Related Reports:

You can click on the image/text boxes to learn more about that topic.

 

“Lead, Follow … Or Get Out of The Way”

Shocking, True State of the Manufactured Housing Industry, plus Solutions for Profitable, Sustainable Growth – May 2019

 

 

 

 

 

 

 

Millionaires Survey IDs Top Threats to Their Wealth

December 18th, 2018 Comments off

 

MillionairesSurveyIDsTopThreatsToTheirWealthManufacturedHousingIndustryDailyBusinessNewsMHProNews

Sum it up in a word, uncertainty. But the details are insightful.

 

There are about 3.3 (+/-) percent of the population, or nearly 11 million Americans who are millionaires, per Spectrum n 2018.

 

Nearly11MillionUSMillionairesPerSpectrumGroupDailyBusinessNewsMHProNews

 

In a new survey conducted for CNBC, there are nearly 11 million millionaires, Robert Frank says that the biggest threat in the view of that millionaire class is the federal government’s dysfunction.

Here are their bullets:

  • When asked about the biggest threat to their personal wealth, the largest number of millionaires said government dysfunction (37 percent), followed by the stock market (32 percent).
  • Overall, their views remain highly political, with 41 percent of Republican millionaires predicting the economy will be better in 2019, compared with only 8 percent of Democratic millionaires.

Frank says that most are generally bullish about the economy itself, which is a data-point that other groups that measure the economy and sentiment have also concurred upon.  Here in the linked report in the box below is one example.

 

Blue Collar Worker Attitude, Outlook, Finances – Latest Data, Express-Harris Survey

 

Another example of that similar sentiment is below, which can likewise be accessed by clicking on the linked textbox.

 

Latest Consumer Confidence Report and Housing Demand

 

The NFIB in the fall had similarly overall positive reports too about the economy.  But will the now divided Congress change that rosy small business outlook?

 

NFIB’s Small Business Leadership Updates Stunning Data

 

Surveys questions can be framed in a variety of ways, which will naturally impact responses.  But as another recent CNBC report reflected, news – arguably some of it agenda driven news – is in part to blame for this ‘uncertainty.’  The economy itself, per several indicators, is sound.  JP Morgan Chase’s Jaime Dimon said last summer that for 20 years, U.S. tax policies have driven capital overseas.  Dimon is a Democrat.

JP Morgan’s CEO Jaime Dimon Sounds Off – “For 20 Years, We’ve Been…Driving Capital…Overseas,” plus MH Market Updates

 

Millionaires Survey Qualifiers and Other Findings

The qualifications to participate in this new CNBC survey of millionaires included an analysis of the investment attitudes and behaviors of 750 investors with $1 million or more of investable assets. “Respondents are required to be the financial decision-maker or share jointly in financial decision-making within the household,” said Frank.

Other findings:

 

  • The survey also highlights the fact that millionaire attitudes toward the economy and markets remain highly political, with 41 percent of Republican millionaires predicting the economy will be better in 2019, compared with only 8 percent of Democratic millionaires.
  • Fully 40 percent of millionaires surveyed say the economy will be just as strong in 2019 as it was in 2018, and 28 percent say it will be even better. Yet government dysfunction remains the greatest concern for investors regarding the economy (38 percent) and also to their own personal wealth (37 percent). Thirty-two percent believe the stock market has increased as a threat compared to the past, and worries over the national debt and immigration have increased.
  • While more than half of millionaire investors anticipate that the S&P 500 will be up more than 5 percent in 2019, 20 percent believe it will be flat.
  • When asked about their own returns, 37 percent said they expect returns of 4 percent to 5.9 percent, while 30 percent expect returns of more than 6 percent. Only 4 percent of respondents expect to be down in 2019.
  • Their longer-term outlook for future generations are also cautious: Only a third of millionaires say their kids will be better off than they are, while 37 percent said they will be worse off.

These results obliquely point to issues that has been raised several times on MHProNews.

 

Barron’s Reports George Soros Move Presaging Market Drop, Harming Manufactured Housing, FAANG Stocks

For more, see the related reports, below the by line.  That’s this morning’s look at “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News , analysis, and commentary.)

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide 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 Re-sources

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.

 

 

Related Reports:

Rising Prices and Rates Cool Housing Sales, MH Industry Pro Sounds Off, New Data & Video

 

Who REALLY Runs America? MHVille Timely Reminder, Columbia Law Prof Philip Hamburger Video

 

#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

 

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

Consumer Confidence Index Report in for April

April 28th, 2017 Comments off
ConsumerConfidenceIndexReportinforAprilcreditInsightDIY-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Insight DIY.

The slog of “sausage making” in Congress was a contributing factor in the April Consumer Confidence Index, as it ticked down in April, but consumer outlook for the next six months remains positive.

According to CNBC, the Index dropped to 120.3 in April, while economists were expecting the index to only fall to 122.9 for the month.

 

As Daily Business News readers are already aware, the index hit a new record high last month and its highest level in 16 years, coming in at 125.6.

The index was at 116.1 in February.

Consumer confidence … still remains at strong levels,” said Lynn Franco, director of economic indicators at The Conference Board.

Consumers assessed current business conditions and, to a lesser extent, the labor market less favorably [in April] than in March. Looking ahead, consumers were somewhat less optimistic about the short-term outlook for business conditions, employment and income prospects.”

ConsumerConfidenceIndexReportinforAprilcreditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNBC.

The survey showed that individuals indicating business conditions are “good” declined to 30.2 percent in April from 32.4 percent, while those saying business conditions are “bad” increased slightly, to 13.8 percent from 13.1 percent.

Outlook for the labor market was also down slightly, as the proportion of people expecting more jobs in the months ahead declined to 23.0 percent from 23.8 percent.

 

From Confidence to Sentiment

The University of Michigan’s Consumer Sentiment Index came in at 97 for April, which was slightly below economists’ expectations of a 98 reading for the month.

Even with the dip, “there was widespread agreement among consumers on their very positive assessments of the current state of the economy as well as widespread disagreement on future economic prospects,” the university said in a statement.

Data from the Bureau of Labor Statistics (BLS) shows that over the first 100 days of the Trump Administration, the unemployment rate for 16-24 rear olds has decreased from 10.1 percent to 9.1 percent; the rate for 20-24 year olds has decreased from 8.3 percent to 7.3 percent, and the rate for 25-34 year olds has decreased from 4.9 percent to 4.5 percent.

Over 317,000 non-farm jobs have been created, and there have been surges in both the construction and manufacturing sectors.

Confidence is playing a large role,” said Mark Zandi, chief economist of Moody’s Analytics.

Businesses are anticipating a lot of good stuff – tax cuts, less regulation. They are hiring more aggressively.”

For more on the impact, and progress, of the Trump Administration’s first 100 days, click here. ##

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

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RC Williams, for Daily Business News, MHProNews.

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

Consumer Confidence Soars to Record High

April 7th, 2017 Comments off
housingwire credit consumer confidence

Credit: HousingWire.

The impact of a Donald Trump presidency continues to resonate, as consumer confidence reached its highest level in 16 years last month, according to Nielsen’s Consumer Confidence Survey.

The Conference Board by Nielsen, which provides information around what consumers buy and watch, conducts the survey.

According to HousingWire, the Consumer Confidence Index improved significantly in March to 125.6, up from 116.1 in February. The Present Situation Index increased from 134.4 to 143.1 and the Expectations Index increased to 113.8, up from 103.9.

Beginning in 1985, the index was set to 100, and the value is adjusted monthly based on results from surveys. Opinions on current conditions account for 40 percent of the index, while future expectations make up 60 percent.

Consumer confidence increased sharply in March to its highest level since December 2000,” said Lynn Franco, who is the Conference Board director of economic indicators.

Consumers’ assessment of current business and labor market conditions improved considerably.”

ConsumerConfidenceSoarstoRecordHighcredit-ConferenceBoardCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The Conference Board, CNBC.

Consumers were much more optimistic about conditions in March, with those rating business conditions as “good” increasing from 28 to 32 percent, while those saying business conditions are bad decreased from 13 percent to 12 percent.

Feelings on the labor market were also more positive, with the percentage of consumers seeing jobs as “plentiful” increased from 26 to 31 percent.

Consumers also expressed much greater optimism regarding the short-term outlook for business, jobs and personal income prospects,” said Franco.

Thus, consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months.”

NoEndinSightTrumpCheersStockMarketStreakcreditBusinessInsiderGettyImages-postedtothedailybusinessnewsmhpronewsmhlivingnews

President Donald J. Trump. Credit: Business Insider, Getty Images.

Consumers also relayed optimism for the future of the labor market, with those expecting more jobs in the months ahead increasing from 20 to 24 percent, and those expecting their incomes to increase jumped from 19 to 21 percent.

For more on the economy, including the March job numbers from ADP, 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.

No End in Sight? Trump Cheers Stock Market Streak

February 16th, 2017 Comments off
NoEndinSightTrumpCheersStockMarketStreakcreditBusinessInsiderGettyImages-postedtothedailybusinessnewsmhpronewsmhlivingnews

President Donald J. Trump. Credit: Business Insider, Getty Images.

With the Dow, NASDAQ, S&P 500 and the Russell 2000 Index all on record winning streaks, many are trying to figure out just how all of this is happening.

President Donald Trump believes that he has the answer.

Stock market hits new high with longest winning streak in decades,” Trump tweeted today.

Great level of confidence and optimism — even before tax plan rollout!

According to Business Insider, the NASDAQ composite index has set a record-high close seven days in a row, which is the longest streak since 1999. Additionally, the S&P 500, the Dow Jones industrial average, and the Nasdaq have all hit closing records at the same time for five straight days, the longest triple winning streak in 25 years.

But the hits don’t stop there.

The markets have not seen a one percent decrease since October 11, which is the longest streak in the last 11 years, and are on the second longest “bull market” run in history, only being outdone by the run from 1987 to 2000.

As Daily Business News readers are aware, consumer, small business and homebuilder confidence are at or above record highs post election, spurred by President Trump’s daily meetings with leaders from all industries and plans for tax and regulatory reform.

SmallBusinessOptimismSoarsPostElectionNFIB-postedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Credit, NFIB.

The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers,” said Lynn Franco, Director of Economic Indicators at The Conference Board.

Consumers’ assessment of current conditions, which declined, still suggests that economic growth continued through the final months of 2016. Looking ahead to 2017, consumers’ continued optimism will depend on whether or not their expectations are realized.

The level of confidence is being backed up by hard data, with recently released retail sales numbers also beating expectations.

SunsettoSunriseObamaLookstoSolidifyLegacyWhileTrumpTakesActioncreditCBSNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Donald Trump with Softbank CEO Masayoshi Son. Credit: CBS News.

With taxes, Trump referenced releasing “something phenomenal in terms of tax in the next two to three weeks” while meeting with retail and airline CEO’s last week.

This statement helped to move markets higher, as Wall Street and others anxiously await a detailed tax plan. President Trump has said in the past that he would like to lower the corporate tax rate to 15 percent from the current federal rate of 35 percent.

SmallBusinessOptimismIndexHighestin37YearscreditNFIB2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Juanita Duggan. Credit: NFIB.

 

 

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.

For the recent closing numbers yesterday 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.