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Posts Tagged ‘Results’

72% Blue Collar Workers “Optimistic,” White Collar and More Insights from Porch/Examiner Poll Report

September 14th, 2018 Comments off


PorchWashExaminer72%BlueCollarWorkersOptomisticWhiteCollarSentimentDailyBusinessNewsMHProNews

 

The Washington Examiner recently reported on a survey commissioned by Porch on worker sentiments.

 

Porch is a free online network that links homeowners and repair, renovation. and cleaning professionals.  Their research found concerns about robotics and automation.  That’s a topic that the Daily Business News on MHProNews has reported on several times in recent years, see related reports, further below.

JobSentimentByOccupationClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

But the new survey found “That recession driven grimness hanging over the workplace has lifted and now workers of all shades are feeling good about their future,” said the Washington Examiner.

PerceptionsByWorkerClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

The polling said that 72 percent of blue collar workers and 76 percent of white collar workers are optimistic about their future.

Many workers feel they can find another job easily.  That was confirmed by the latest JOLTs report, see that further below.

SentimentByWorkerClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

The survey found that most blue-collar and white-collar workers are happy, feel respected, and like each other.

Consumer confidence, manufacturers, and business confidence have also been on the rise, as MHProNews has been tracking those trends since the election of President Donald J. Trump.

See the related reports, further below.  This is another survey that may suggest a trend counter to what political polling is indicating, and thus is important to manufactured housing investors and businesses. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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AI, Robots Replacing Skilled Positions More Rapidly Than Expected

 

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From Builders, Construction, & Manufactured Housing – July Business, Jobs, Confidence Report

August 16th, 2018 Comments off

 

FromBuldersConstructionManufacturedHousingDailyBuisnessNewsMHProNewsThe National Federation of Independent Business (NFIB) is a national trade group that reportedly includes hundreds of manufactured housing connected members, among their 325,000 total members.

 

NFIB is big enough to do the kind of research that most manufactured housing industry specialized trade associations can’t afford to do, or in one case, won’t do.

SmallBusinessConfidenceOptimismNFIBJUly2018DailyBusinessNewsMHProNEws

Among those are business confidence surveys, as well as what the top issues that faces independent businesses, trends, and so forth.

NFIBJulySmallBusinessesPlanningHireDailyBusinessNewsMHProNews

From a media release to the Daily Business News on MHProNews: “The July jobs report shows the magnitude of small businesses that are growing and hiring at record levels, creating new jobs and opportunities for the workforce, and offering employees higher compensation,” said NFIB President and CEO Juanita D. Duggan.

SmallBusinessesHiringWorkersJuly2018NFIBDailyBusines

Job openings are most frequent in:
construction (57 percent),
manufacturing (46 percent),

and wholesale trades (45 percent).

Small business owners reported job openings for both skilled and unskilled labor. Thirty-three percent reported openings for skilled workers and 15 percent reported openings for unskilled labor, both two points higher than June’s report,” the NFIB tells MHProNews.

NFIBJob_sJuly2018ManufacturedHousingINdustryDailyBuisnessNewsMHProNews

Small business owners are continuing to show that they’re looking to hire and willing to pay more to hire the right employees,” said NFIB Chief Economist Bill Dunkelberg. “Record job openings suggest that the economy can keep up its growth pace over the next few years if the labor shortage can be resolved or mitigated.”

CanSmallBusinessHireEnoughWOrkersJuly2018NFIBDailyBusinessNewsMHproNews

The report fits with other economic data, including in our evening manufactured housing industry market report, linked below.  “We Provide, You Decide.” © ## (News, analysis and commentary.)

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Related Reports:

Kudlow Says “We Are Crushing It,” Plus Manufactured Housing Market Updates

 

Documented Results from Manufactured Housing Industry Leadership

March 28th, 2018 Comments off

ResultsFromManufacturedHousingIndustryLeadership

The column below could carry a sub-title – proven results vs. hype and hot air. Every organization worth its salt takes a periodic victory lap.  The same occurs in manufactured housing.

 

The Manufactured Housing Institute (MHI) has periodically claimed or hinted that under their “leadership” on issues that they originally often had a different position on.  Perhaps as a response to MHI, or as a victory lap – or both – the Manufactured Housing Association for Regulatory Reform (MHARR) laid out some facts in a new, detailed statement today.  They point to the time line and documents that prove their nettlesome points.

In a new MHARR Issues and Perspectives, Mark Weiss, JD, President and CEO of the Washington, D.C. based trade organization does what he’s done several times before.

MHARRIssuesPerspectivesMHARRleadershipProducesResultsForIndustry

Weiss painstakingly lays out one fact after another.  Those facts could prove embarrassing for their rivals across the Potomac River in Arlington, VA.

While the Daily Business News will make a modest technical correction on part of MHARR’s statement, the thrust of their positions are not easy to contest, as an anticipated silence from MHI on MHARR’s claims will aptly demonstrate.

Will Trump Administration officials take note of what follows?

 

Leadership Strategy Backdrop

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNewsMHARR, as an organization, has always been tasked with being a leader on the issues it addresses. Established by industry pioneers in 1985, MHARR was not designed, and was never intended to be, a status quo organization given to complacency, pulling punches, or “going along” with regulators, industry detractors, or anyone else. It was formed, instead, to be an aggressive fighting force on behalf of manufactured housing industry businesses,” said MHARR in their latest Issues and Perspectives.

MHARR’s primary “objective,” from day-one, as its Charter attests, has been to “oppose abusive [regulatory] practices.” In pursuing this mission, MHARR’s principal focus has always been the federal manufactured housing regulatory program. But the HUD program is not, and never has been, MHARR’s sole focus, as government activity (or inactivity) in other areas, such as consumer financing, placement and development issues, and others, have had – and continue to have – a significant (negative) impact on the industry and especially its smaller businesses,” said the Washington, D.C. based trade association that represents the interests of independent producers of HUD Code manufactured homes.

 

Leadership Results for Manufactured Housing Laid Out Step-by-Step

While the fight to protect, defend and advance the HUD Code industry took a major step forward with the enactment of the landmark Manufactured Housing Improvement Act of 2000, the years that followed, and particularly the eight years of the Obama Administration, were difficult, as HUD was able – sometimes with the tacit support of some in the industry – to evade, distort, or ignore major statutory reforms, including:

(1) the requirement for an appointed, non-career program administrator;

(2) mandatory Manufactured Housing Consensus Committee (MHCC) review of all proposed standards, regulations, interpretations and other changes to HUD policies, procedures and practices;

(3) the requirement for “separate and independent” contractors;

(4) limitations on the scope and nature of “monitoring;”

(5) enhanced federal preemption; and

(6) the absence of full and fair competition for program contracts, as exemplified by the 40-year-plus program “monitoring” contractor, among other things,” said Weiss.

Very early in 2016, however, and well prior to the election of President Trump, MHARR began to recognize – based on painstaking evaluation and analysis of the President’s specific campaign positions – that there would be an unprecedented opportunity under a Trump Administration to change the focus, direction and leadership of the federal manufactured housing program based on the letter and intent of the 2000 reform law, to stop excessive or unreasonable regulations (and regulatory “interpretations”), and to roll-back other aspects of federal regulation that needlessly increase the cost of manufactured housing while doing little or nothing for consumers. Now, slightly more than a year later, with the 2016 election having made MHARR’s recognition of this opportunity and its corresponding plan of action a reality, the results of that plan of action can be assessed,” said Weiss.

 

MHARR, OBJECTIVE:  REASSIGN AND REPLACE HUD PROGRAM ADMINISTRATOR

MHARR, immediately upon the election of president Trump – and alone within the industry – publicly called for the re-assignment and replacement of HUD manufactured housing program administrator Pamela Danner. In a December 1, 2016 communication to Vice President-Elect Pence (heading the Administration’s transition team), MHARR formally sought the reassignment of Ms. Danner and the appointment of a new non-career program administrator. MHARR explained at the time, “[T]he appointment of a non-career manufactured housing program administrator – in accordance with the 2000 reform law and, just as importantly, the policy perspectives of the President-Elect — is essential to revitalize this program, ensure the full and proper implementation of the 2000 reform law, and re-energize an industry which has suffered unprecedented production declines over the past decade-plus,” MHARR told the Daily Business News.

 

Here, a nuanced distinction that corrects MHARR statement above ought to be pointed out. MHARR was ‘alone’ among industry trade associations, but MHProNews was out in front on supporting candidate Trump, as the Google search result below reflects.

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative, and pro-Trump websites.

Dozens of articles were published by the Daily Business News during the 2016 cycle that demonstrated why the Berkshire Hathaway chairman favored Hillary Clinton was the wrong choice for the industry, while the policy positions of candidate Donald J. Trump appeared to be the correct choice.

While MHI didn’t formally take a pro-Clinton endorsement, they did the next closest thing just days before the election.

MHI put not one, but two paid speakers on their platform in Chicago who were pro-Clinton as part of their talks.

In MHI’s presentation to members at that same meeting, MHI’s staff ‘experts’ incorrectly explained why one or both sides of Congress would likely also be lost to Democratic control.  MHI has never contested these MHProNews allegations, perhaps because they know that the their were too many witnesses, and too much evidence to the contrary.

So while MHI claimed to be working to mitigate Dodd-Frank related issues, the chairman of their most influential member – Warren Buffett – loudly and proudly proclaimed support for Secretary Clinton.  Inconsistency, anyone?

IBTInternationalBusinessTimesWarrenBuffettHillaryClintonDailyBusinessNewsMHProNews

JasonBoehlertManufacturedHousingInstituteSeniorVPLogoMHIlogoQuoteMHProNews

MHI has attempted to ignore or brush off the clearly contradictory facts that Buffett led Berkshire brands Clayton, 21st and Vanderbilt claimed to be working to mitigate Dodd-Frank, while Buffett himself supported President Obama and Secretary Clinton.  Both POTUS Obama and Clinton opposed any changes to the Dodd-Frank law and CFPB regulations of it. The reality is that Buffett’s brands benefited, directly and/or indirectly, whether or not Preserving Access passed, or not. Buffett has said he counts on people not studying history, while he does his own reading, and research, which includes history.

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

With those distinctions made, returning to Weiss’ points.

MHARR reiterated the urgent need – and necessity for – the appointment of a new, non-career program administrator once again on December 6, 2016, and subsequently raised this matter in every interaction it had with Trump Administration officials at HUD. Others in the industry, by contrast, were publicly silent on this desperately-needed change through most of 2017,” wrote Weiss.

As a result of MHARR’s public leadership on this matter from the outset, the prior manufactured housing program administrator, as announced by HUD in late 2017, was re-assigned within the HUD Office of Single-Family Housing, and replaced on an interim basis by the program’s Deputy Administrator, with further action pending on a permanent replacement,” said the MHARR op-ed.

While this initial result is consistent with MHARR’s goals, it could have been achieved much earlier if MHARR’s public call for a new administrator had been supported by the rest of the industry” i.e. a veiled reference to MHI. “Nevertheless, as this process plays-out, MHARR will continue to seek the appointment of a qualified and appropriate non-career program administrator.”

MHARR’s step-by-step narrative then laid out how their organization, which has a fraction of MHI’s budget or staff, took the following positions which were successfully accomplished, while MHI in each case took the wrong position and/or came “late to the dance.”

  • OBJECTIVE: FREEZE, REVIEW AND REFORM HUD REGULATIONS
  • OBJECTIVE:  WITHDRAWAL OF THE PROPOSED DOE “ENERGY” RULE
  • OBJECTIVE: FULL IMPLEMENTATION OF THE “DUTY TO SERVE”

The full write up by Weiss via the latest MHARR issues and Perspectives, which lays out the facts behind those three key bulletted advances for manufactured housing, is linked here.  “We Provide, You Decide.” © ## (News, analysis and commentary.)

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New Manufactured Housing Production Results Report for January 2018

March 7th, 2018 Comments off

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Washington, D.C., March 7, 2018 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells the Daily Business News that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD).

 

Year-over-year manufactured housing industry production increased again during January 2018.

Just-released statistics indicate that HUD Code manufacturers produced 8,636 homes in January 2018, a 10.3% increase over the 7,827 HUD Code homes produced during January 2017,” said MHARR.

A further analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through January 2018,” MHARR’s release stated.

Cumulative, monthly, current year (2018) and prior year (2017) shipments per category as indicated – are as follows.

MHARRNewsJanuary2018ManufacturedHousingINdustryDailyBusinessNewsMHproNews

The Manufactured Housing Association for Regulatory Reform (MHARR) is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing. ## (News, analysis, and commentary.)

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January Home Sales Report Results

February 23rd, 2017 Comments off
USExistingHomesSalesReachHighestLevelinNineYearscreditHousely-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Housely.

The January U.S. home sales report is out and shows that sales have reached their highest level in a decade, despite limited supply and rising prices.

According to The Real Deal, deals on previously owned homes, which comprise the overwhelming majority of U.S. sales, hit a seasonally adjusted annual rate of 5.7 million in January, a 3.3 percent increase from December, according to data from the National Association of Realtors (NAR).

Buyers are in force in 2017,” said Nela Richardson, Redfin’s chief economist.

Demand for homes, measured by the number of tours that buyers take and the offers they write, is at its highest since January 2013.

The increase in demand bested economist’s expectations, which forecasted an increase of only 1.1 percent for January, following a 2.8 percent decline leading into December.

Credit: Businessweek.

Inventory increased 2.4 percent from December to January, as inventory dropped to its lowest level since the NAR began tracking supply numbers in 1999. According to NAR, it would take about three and a half months to absorb the supply of homes currently on the market.

And that low inventory is helping to push up median prices, which were up 7.1 percent year-over-year in January to $228,900.

As Daily Business News readers are aware, we continue to follow U.S. housing numbers closely, including recent coverage of NAR’s expectation that home sales, and prices, are expected to rise. That story is linked here.

For more on the manufactured housing industry’s reactions to these reports, and the impact of President Donald Trump on the economy, click here. ##

 

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Submitted by RC Williams, for the Daily Business NewsMHProNews.

 

 

 

 

RC Williams,

for Daily

Business News,

MHProNews.

Small Business Optimism Index: January Results

February 17th, 2017 Comments off
SmallBusinessOptimismIndexJanuaryResultscreditOprah-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Oprah.

Almost one month into the Donald Trump administration, things continue to look up.

According to the National Federal of Independent Business (NFIB) survey, small business confidence, which saw the largest month-over-month increase in the survey’s history in December, has now reached its highest point in more than a decade.

 

 

The stunning climb in optimism after the election was significantly improved in

JuanitaDugganPresidentCEONational_FederationIndependentBusiness(NFIB)postedDailyBusinessNewsMHProNews-

Juanita Duggan. Credit, NFIB.

December and confirmed in January,” said NFIB President and CEO Juanita Duggan.

Small business owners like what they see so far from Washington.

The Index reached 105.9 in January, an increase of 0.1 points, the highest point since December 2004.

The continued surge in optimism is a welcome sign that economic growth is coming,” said NFIB Chief Economist Bill Dunkelberg.

The very positive expectations that we see in our data have already begun translating into hiring and spending in the small business sector.

SmallBusinessOptimismIndexJanuaryResultscreditNFIB1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NFIB.

The NFIB survey is a monthly snapshot of small businesses in the U.S., which account for most private-sector jobs and about half of the country’s economic output. Economists look to the report for a read on domestic demand and to extrapolate hiring and wage trends in the broader economy.

SmallBusinessOptimismIndexJanuaryResultscreditNFIB2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NFIB.

The January jobs report surprised pundits and disappointed critics, coming in strong and well ahead of ‘consensus,” said Dunkelberg.

NFIB survey results anticipated the strong showing as their optimism gets translated into hiring action. Gains in expected sales require more workers to produce output and handle sales. The increase in labor force participation was a welcome sign, suggesting that labor markets are not as tight as the unemployment rate indicates which went up, and that, as opportunities materialize and compensation rises, more workers will re-enter the labor force.

The report from the NFIB is based on a survey of 1,874 small business owners. According to the Small Business Administration (SBA), small companies represent 99 percent of all U.S. Employers.

We’ve had very low growth for years, mainly because small businesses have been tied down by regulations, taxes, and spiraling health insurance costs,” said Duggan.

Now they can see relief on the horizon, and they are much more optimistic about the future.

For more on last month’s NFIB survey and commentary from the manufactured housing industry, click here. ##

 

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RC Williams, for Daily Business News, MHProNews.

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AMG Reports Q4 Results, Update on Dividends

January 30th, 2017 Comments off
MassiveInvestorMovesatAffiliatedManagersGroupcreditAMGPixaby-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: AMG, Pixaby.

 

Affiliated Managers Group, Inc. (NYSE: AMG) reported its results for the fourth quarter and full year 2016 today.

For the fourth quarter of 2016, diluted earnings per share (EPS) were $2.67, compared to $2.67 for the same period of 2015; net income was $150.2 million, compared to $147.5 million for the same period of 2015.

 

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $289.7 million, compared to $263.1 million for the same period of 2015, and fourth quarter revenue was $550.3 million, compared to $589.8 million for the same period of 2015.

For the year ended December 31, 2016, diluted earnings per share were $8.57, compared to $9.17 for 2015.  Economic earnings per share were $12.84, compared to $12.47 for 2015, and net income was $472.8 million, compared to $509.5 million for 2015.

Net client cash flows for the fourth quarter of 2016 were $4.1 billion, and for the full year were $7.4 billion.

AMGReportsQ4ResultsUpdateonDividendscreditFindTheCompanySeanHealy-postedtothedailybusinessnewsmhpronewsmhlivingnews

Sean Healey. Credit: Find The Company.

AMG generated strong results for the fourth quarter and the full year 2016, including Economic earnings per share of $3.80 for the fourth quarter and $12.84 for the full year, both at record levels and representing earnings growth of 6% and 3% for each period, respectively,” stated Sean M. Healey, Chairman and CEO.

Against the backdrop of earnings declines across the asset management industry broadly, we continued to produce growth in our earnings, even with only a partial impact from investments closed during the second half of the year. With assets under management increasing 16% year-over-year to $727 billion, we enhanced the earnings power of our business through successful execution across all aspects of our growth strategy – including positive organic growth from net client cash flows in 2016, the long-term investment outperformance of our Affiliates, and the addition of outstanding new Affiliates during the year.

AMGReportsQ4ResultsUpdateonDividendscreditAMGMoM-postedtothedailybusinessnewsmhpronewsmhlivingnews

AMGReportsQ4ResultsUpdateonDividendscreditAMGYoY-postedtothedailybusinessnewsmhpronewsmhlivingnews

Dividend Announced

AMG has also authorized the initiation of a quarterly cash dividend commencing in the first quarter of 2017, and declared an initial dividend of $0.20 per common share, payable February 23, 2017 to stockholders of record as of the close of business on February 9, 2017.

Additionally, the board authorized a share repurchase for a total of four million shares.

AMGReportsQ4ResultsUpdateonDividendscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

AMG 1 year look. Credit: Bloomberg.

The program allows AMG to “repurchase issued and outstanding shares of its common stock in open market or privately negotiated transactions, with the timing of purchases and the amount of stock purchased determined at the discretion of AMG’s management,” the company said in a statement.

The initiation of a dividend and ongoing repurchase of our shares evidence our confidence in AMG’s future business prospects and commitment to maximizing returns for our shareholders through the disciplined allocation of the strong and growing free cash flow generated by our business,” said Healy.

AMG is one of the various manufactured housing industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

AMG Q4 2016 Results

 

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RC Williams, for Daily Business News, MHProNews.

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