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Legacy Housing Files for IPO, Plus Manufactured Housing Industry Market Updates

November 9th, 2018 Comments off

CNNmoney11.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsLegacy Housing has announced that it has filed a form S-1 with the U.S. Securities and Exchange Commission (SEC) regarding its Initial Public Offering (IPO). That IPO and some related insights will be our featured report for this evening.

 

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.

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Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.  We source from across the left-right divide.  

 

Select bullets from CNN Money…

  • Stocks end the week with a thud
  • GE stock could plunge to $6, JPMorgan warns
  • Crude oil has rapidly plunged into a bear market
  • GM’s donut-ordering app is helping it prepare for a driverless future
  • PERSPECTIVES Etsy CEO: 3 ways Congress can improve the gig economy
  • Half of Netflix’s new Asian originals are from India
  • Fortune magazine sold to Thai businessman
  • President Trump threatens to pull more reporters’ credentials
  • Is the ban justified? Can CNN sue? Questions on the White House action against Jim Acosta, answered
  • New York is the hot spot for Big Tech
  • This quirky experiment highlights AI’s biggest challenges
  • Should you buy or rent a vacation home?
  • E-Commerce Guide by CNN Underscore
  • Amazon’s Pre-Black Friday Sale starts now
  • Amazon HQ2 backlash
  • Cities should stop throwing money at Jeff Bezos, some experts say
  • Everything we know about Amazon’s HQ2 search
  • Amazon HQ2 could hurt those in need. Here’s how the winning city can make sure it doesn’t
  • Biggest Amazon bulls think stock will go up another 40%
  • The argument against having close friends at work
  • How to talk about politics at work
  • Should laptops and phones be banned from meetings?
  • How to deal with a workaholic boss
  • WHAT TRADE WAR?
  • China’s economy has other big problems
  • The country reports slowest growth since 2009
  • The yuan just hit its lowest level in a decade
  • But China’s exports are still soaring

Select Bullets from Fox Business

  • Stocks lower as oil craters amid global worries
  • How much money do Google’s top employees make?
  • California wildfires rage, slamming PG&E, Edison International
  • UPS preparing for a massive freight driver strike
  • Boeing jet crash lands in Guyana amid probe of fatal Lion Air accident
  • How to become an everyday millionaire
  • Federal judge blocks construction of Keystone XL pipeline
  • Oil about to post its longest losing streak in 34 years, here’s why
  • Chevron to stay in Venezuela as inflation tops 830,000%
  • FDA to ban flavored e-cigs to help curb ‘epidemic’
  • China’s virtual AI newsperson looks just like a human
  • The latest on GE’s ongoing nightmare
  • US Army to get advanced camouflage protection system
  • The Fed sidesteps wage growth in economic praise
  • Former Tesla employee allegedly embezzled millions
  • The best business schools in America
  • Steve Wynn sues to block release of report on alleged misconduct
  • Medicaid expansion increases voter turnout: What that means for 2020
  • Harley-Davidson gives first look at new electric motorcycle
  • Amazon to sell Apple’s newest products for first time: Report
  • ‘Harry Potter’ author JK Rowling sues assistant for shopping spree
  • Kennedy: Nancy Pelosi is not the Dems’ answer
  • These states will pay higher taxes on items after midterm elections
  • These are the most livable mid-sized American cities
  • What Sessions’ resignation means for pot
  • Millennials are the pillar of economic growth: Here’s why
  • Boeing issued safety warning to pilots for 737 Max jets
  • Job help is US military veterans’ top request after serving
  • Home Depot creates 3,000 multimillionaires, co-founder says

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

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Manufactured Housing Composite Value (MHCV)

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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 –

LegacyHousingFilesIPO-LEGH-PlusManufacturedHousingStocksMarketUpdates

 

Legacy Housing has announced that it has filed a form S-1 with the U.S. Securities and Exchange Commission (SEC) regarding its Initial Public Offering (IPO). That IPO and some related insights will be our featured report for this evening.

Legacy Housing Filed today their form S-1 U.S. Securities and Exchange Commission (SEC) regarding its Initial Public Offering (IPO).  Some of the information below are drawn from that document, which was obtained by the Daily Business News on MHProNews.

Legacy was co-founded by Curt Hodgson and Kenny Shipley, shown in the featured image above.  They are among the top independent producers of HUD Code manufactured housing in the nation, by units and sales volume.

Legacy recently used MHProNews to promote to successful September and October events. Their S1 says they have the greatest order backlog in their history.  As a flashback, one of those promotions is linked below.

Fall Manufactured Housing Show Features Free Education, Fun, Special Financing, & More

24-7 Wall Street said, “With current operations focused primarily in the southern United States, it offers customers an array of quality homes ranging in size from about 390 to 2,667 square feet consisting of one to five bedrooms, with one to three and a half bathrooms. These homes range in price, at retail, from roughly $22,000 to $95,000. In 2017, the firm sold 3,274 home sections (which are entire modules or single floors).

During the first nine months of 2018, Legacy has sold 3,045 home sections. Legacy commenced operations in 2005 and has experienced strong sales growth and increased equity holders’ capital at a compound annual growth rate of approximately 25% between 2009 and 2017. The firm currently has the largest backlog of orders in the company’s 13-year history.”

Some pull quotes and graphics from the Legacy S1.

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From Legacy Housing (LEGH) S1. See full Legacy Housing SEC form S1 as a download, from the link here.

Our Growth Strategy 

We have a strong operating history of investing in successful growth initiatives over the past 13 years. We believe that the solution we are able to provide for our customers, as a result of the vertical integration of our company, enhances our brand recognition as a leading producer, results in higher and more efficient utilization of our manufacturing factories and expands our direct-to-consumer outreach for our wide variety of customizable homes. This operational focus has provided us with sustained net sales and net income growth over the years. Our growth strategy includes the following key initiatives:

Broaden and Deepen Our Retail Presence in Key Geographic Areas.  We currently distribute our products primarily across 15 states through a combination of 11 company-owned retail locations and 117 independent retail locations. We believe that a more robust network of company-owned retail locations will allow us to be more responsive and improve the customer experience at all stages, from manufacturing and design to sales, financing and customer service. We believe our company-owned stores will, on average, be more productive than our independent retail locations and generate higher gross margins due to our ability to select attractive markets and develop highly-trained sales representatives who possess a deep understanding of our business and customer needs.

Expand Financing Solutions for Our Customers.  We recognize that offering financing solutions to our customers is an important component of being a vertically integrated company that provides affordable manufactured housing. Providing financing improves our responsiveness to the needs of prospective purchasers while also providing us with opportunities for loan origination and servicing revenues, which act as additional drivers of net revenue for us. With a portion of the net proceeds of this offering, we intend to expand our financing solutions to manufactured housing community-owner customers, in a manner than includes developing new sites for products in or near urban locations where there is a shortage of sites to place our products.

Continue to Focus on Innovation and Customization for Core Customer Groups.  Our production strategy is focused on continually developing the resources necessary to efficiently build homes that incorporate unique, varied and innovative customer preferences. We are constantly seeking ways to directly source materials to be used in the manufacturing process, which allows us to ensure we utilize and employ quality materials that can be customized to meet our customers’ needs. Our principal focus is on designing and building highly functional and durable products that appeal to families of all sizes.

Seek Additional Agreements with Owners of Manufactured Home Communities.  Community housing developments provide us with large, concentrated sales opportunities. These projects vary in size and density but generally include 30 to 300 homes. We believe there are significant growth opportunities to work with our development partners on such projects and view these opportunities as an important driver for both the sale of additional manufactured homes and for financing bulk purchases of those homes by community owners.

Pursue Selective Acquisitions.  We seek to grow through selective acquisitions in both existing markets and new markets that exhibit strong and reliable long-term fundamentals. We also regularly evaluate opportunities tangentially related to our affordable housing business in our geographic markets. We have no current agreements or understandings regarding an acquisition.

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The full S-1, which includes more graphics and financial details are found at this link here.

 

MHProNews congratulates the Legacy team on this announcement.  As a disclosure, with other stocks, MHProNews holds no positions in the company, which their details reveal has been a strong contender, that has reportedly moved to the number 4 position in the industry, behind Clayton, Cavco and Skyline-Champion.

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In unrelated developments on a busy news day, see another tracked stock news item below.

 

Other Tracked Stocks Reports:

Cavco Chairman Joseph H. Stegmayer Steps Down Under SEC Cloud, “Personal, Confidential” SEC Document, Cavco Industries’ Statement

Prosperity Now, Protests, Indivisible Project, Warren Buffett, George Soros, POTUS Donald Trump, MHAction and Manufactured Housing – Following the Money

 

 

Bloomberg 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).

 

11.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(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.

Billion-Dollar Micro-Modular War – Housing Homeless, but Unions Balk Over Importing Units From Abroad

September 21st, 2016 Comments off

panoramicinterestsmicromodularhousingsfchron-postedmanufacturedmodularhousingindustrydailybusinessnewsmhpronewsThousands are homeless in the storied city by the bay, and cardboard boxes are a clearly undesirable option. Developer Patrick Kennedy of Panoramic Interests has his sights set on developing inexpensive, modular supportive housing for the throngs of homeless, which he will then lease back to the city, according to sfist and The San Francisco Chronicle.  But labor unions are understandably unhappy with the idea that the micro-modular container housing units aren’t made in the U.S.; rather, they would be coming in from China.

The Daily Business News has covered this trend extensively over the years. Editorially, MHProNews publisher L. A. “Tony” Kovach has warned on the Masthead blog periodically for some years that cheap, imported units from other nations could undercut domestic modular and manufactured housing producers. Is that day now upon us?

Kennedy has been pitching San Francisco City Hall on his plan for the past year, citing that his units can be built far faster than conventional structures for half the cost. His proposed location is above a publicly owned parking lot at Highway 101 and Caesar Chavez Street.
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The Community Housing Partnership is also looking to build a 100-unit complex of modular units made of wood-framed components in a separate development.

San Francisco mayor Ed Lee has also pledged to spend $1 billion dollars over his second term to house 8,000 homeless people. While he likes the concept of modular housing, he mentioned that details needed to be worked out. This is where the hurdles begin.

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The main construction unions that would be involved have taken issue with the fact that Kennedy’s metal boxes would be built in China, not made by American workers.

Local unions also believe building-code requirements are less stringent for modular construction.

Jeff Kositsky, head of the newly created Department of Homelessness and Supportive Housing also questions Kennedy’s proposal to build on city-owned land, saying there are already too many demands being made on scarce public property. While he takes issue, he’s not against the concept.

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I love the idea,” said Kositsky.

The city is interested in finding ways to lower construction costs and the length of time it takes to build, and modular housing is certainly a promising development — and not just for homeless housing, but all housing.”

We’ve been kind of holding back on pushing the subject further until we have something concrete for people to come see and experience,” said Kennedy. But after we get this unit in front of my office, I want to talk more.”

carolgalnte-twitter-ucberkley-manufacturedmodularhousingindustrydailybusinessnews-mhpronewsKennedy also shared that he will pay for construction himself, then lease the complex to the city for $1,000 per month, per unit. If he has to work with private land, as opposed to public land, the lease cost would then rise to about $1,200 per unit.

 We should be able to work things out,” Kennedy said.

I’m willing to sit down and talk if it meets code, provides good jobs, and if he’s not talking about using public land — that land is precious, and we have to be good stewards of it. We’re already master leasing from private landlords (of residential hotels). Why not this, too?” Kositsky said.

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The head of the Community Housing Partnership, Gail Gilman, said that the organization’s wood-framed units would be constructed in Idaho.

We should really have the city rally and come together to say, ‘Let’s try a couple of modular projects and see how it goes’because homelessness is a crisis here, and we need to try things.” Gilman said.

Kositsky shared that modular construction is not by definition low-quality housing — there is plenty, used for hotels and dorms and more, that has been high-quality.”

The final word comes from Carol Galante, a UC Berkeley professor who specializes in affordable housing and urban policy.

Modular construction saves time and money — at least 20 percent in construction costs and 40 percent in time — that’s been proven,” she said.

We can do this.” ##

(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, MHProNews.

 

Carlyle Group Urged to Act, Indexes slip, CNBC says banks preparing for ‘Economic Nuclear Winter’

August 30th, 2016 Comments off
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Graphic credit, MarketWatch.

Bankers are nervous over the UK’s Brexit, says CNBC, and they’re jittery of the fallout of that event.  Oil slides, reportedly over the strong dollar, but talk of a potential Clinton administration taxing fossil fuels even more is likely part of the mix.  Gold is losing its luster with their big fans. Bloomberg says Carlyle should invest more of that “dry powder” they have, see a report upcoming on the Daily Business News about CG.

Daily Business News Market Tracker (Yahoo, CNBC):

DJIA closed at 18454.30, after a fall of -48.69 points, or -0.26%.

NASDAQ had a slide too, closing at 5222.99, losing -9.34 points, or -0.18%.

S&P 500 finished the day 2176.12, giving back -4.26 points.

S&P500DowNasdaqtickercredit-Yahoo!PostedDailyBusinessNews-ManufacturedHousingConnectedStockReportMHProNews

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.

Yahoo!FinanceManufacturedHousingCompositeValue-8-3020-postedDailyBusinessNewsMHProNews

8.30.2016 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

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Credit, Bloomberg ticker for Daily Business News – MHProNews.

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Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the 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.)

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

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.

 

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.)

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

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.

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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

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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.

Broader Markets Tumble as MHCV Inches Up, Led by UFPI

August 22nd, 2016 Comments off

DowTickerCreditMarketWatch-postedDailyBusinessNewsMHProNews-8-22-2016-The Dow and the S&P 500 end lower as oil’s recent winning streak come to a close. Nasdaq closes up, while Treasury yields drift lower. MarketWatch  also reports that CFPB fines Wells Fargo $4 million for deceptive student loans.

Daily Business News Market Tracker:

The Dow Jones Industrial Average dropped -23.15 points – closing at 18,529.42.
The S&P 500 down -1.23 to 2,182.64.
NASDAQ closed at 5,244.60.

3MarketTickerClosing-CreditMarketWatch-postedDailyBusinessNewsMHProNews-8-22-2016-

This and top graphic credit, MarketWatch.

** Yahoo’s Manufactured Housing Related Index Components **

Manufactured Housing
Composite Value
^YHOH811 1,401.26

+7.66

(+0.55%)

The Yahoo! Finance’s Manufactured Housing Composite Value (MHCV) gained 7.66 points to finish at 1,401.26.

The MH-related stocks biggest loser was Affiliated Managers Group closing at $140.72 and the biggest gainer was Universal Forest Products with a 1.82 percent climb to close at $107.65.

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

ManufacturedHousingMarketTicker-credit-Bloomberg-postedDailyBusinessNews-MHProNews-8.22.2016a

ManufacturedHousingMarketTicker-credit-Bloomberg-postedDailyBusinessNews-MHProNews-8.22.2016b

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 Manufactured Housing Sector Amidst MHCV and Broader Market Tumble

August 19th, 2016 Comments off

8192016DowTickercreditMarketWatch-postedDailyBusinessNewsMHProNewsThe main three U.S. stocks markets closed lower as investors worry over the Fed’s approaching rate decision. The Dow and S&P register weekly losses, as Nasdaq logs 8th weekly gain in a row, per MarketWatch.

Meanwhile, oil prices stampeded toward bull-market territory, as geo-political instability may be fueling a rise in crude.

Daily Business News Market Tracker:

8192016DowS&PNasdaqClose-CreditMarketWatch-postedDailyBusinessNewsMHProNews

The Dow Jones Industrial Average dropped -45.13 points – closing at 18,552.57.

The S&P 500 down -3.15 to 2,183.87.

NASDAQ closed at 5,238.38.

 

** Yahoo’s Manufactured Housing Related Index Components **

 

Manufactured Housing
Composite Value
^YHOH811 1,393.60 -9.31

(-0.66%)

 

 

The Yahoo Manufactured Housing Composite Value (MHCV) lost 11.05 points to finish at 1,384.64. The MH-related stocks biggest loser was UMH Properties closing at $11.77 and the biggest gainer was Skyline with a 3.06 percent climb to close at 10.11.

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

8192016Bloomberg1credit-postedDailyBusinessNews-MHProNews-

8192016Bloomberg2credit-postedDailyBusinessNews-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, MarketWatch, Bloomberg.)

FrankGriffinDailyBusinessNewDBNwriterMHProNewsManufacturedHousingIndustryNews75x75

Frank Griffin, Daily Business News, MHProNews.

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