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Posts Tagged ‘Sun Communities Inc.’

Investor$ Big Move$ – LPX Spotlight; Tricon, LCI lead, NOB, SKY Bleed

June 22nd, 2017 Comments off

6222107DowTickerCNNMoneyStockMarketsResearchDataReportsDailyBusinessNewsMHProNewsThe evolving Daily Business News market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

  • America’s banks are really, really healthy
  • Senate finally unveils secret health care bill
  • ‘Serious questions’ raised about Kushner family conflicts
  • Why are White House briefings heard but not seen?
  • 5 questions to ask before combining finances (or not)
  • John Oliver sued by coal CEO
  • Zuckerberg: Why I’ve changed Facebook’s mission Trending
  • Shareholders: EpiPen maker’s $98M payout is too much
  • Bank dividends are near all-time highs
  • Airbnb to call out ‘premium’ listings
  • It’s official. Business isn’t investing in Britain

 

Selected headlines and bullets from Fox Business:

  •  Medicaid in cross hairs as Senate releases new health care draft
  • Senate health care bill repeals ObamaCare taxes, preserves pre-existing conditions coverage
  • Wall St. ends flat but healthcare stocks rally
  • Oil bounces off 10-month lows; crude glut still weighs
  • Sen. Rand Paul says he and three other GOP senators oppose health bill as written, putting passage in jeopardy
  • Big banks pass first round of Fed’s annual stress tests
  • This sniper rifle took out ISIS fighter with 2-mile kill shot
  • Paul Ryan may do an about face on the border adjustment tax amid GOP infighting
  • Nancy Pelosi not the real problem for Democrats: Carly Fiorina
  • Amazon charges $2.8M for NFL streaming ad packages: report
  • House presented with bill calling for sweeping FAA reform
  • Boeing’s 737 MAX 10 a big hit at Paris Air Show
  • Raiders QB Derek Carr lands NFL’s richest contract ever

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.

9 key market indicators, ‘at the closing bell…’

S&P 500 2,434.50 -1.11 (-0.05%)

Dow 30 21,397.29 -12.74 (-0.06%)

Nasdaq 6,236.69 +2.73 (+0.04%)

Crude Oil 42.72 +0.19 (+0.45%)

Gold 1,251.00 +5.20 (+0.42%)

Silver 16.54 +0.17 (+1.01%)

EUR/USD 1.1151 -0.0016 (-0.14%)

10-Yr Bond 2.153 -0.002 (-0.09%)

Russell 2000 1,404.54 +5.28 (+0.38%)

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Manufactured Housing Composite Value 6.22.2017

6.22.2017YahooManufacturedHousingCompositeValueStocksMarketResearchDataReportsDailyBusinessNewsMHProNews

 

Manufactured Housing Connected Stocks

Today’s Big Movers

Tricon, LCI lead the leaders. NOB, SKY lead the bleeders.   See below for all the ‘scores and highlights.’

Today’s MH Market Spotlight Report – LPX

LPXHugShrugInvestor$BigMoveLPXManufacturedHousingConnectedStocksMarketsResearchDataReportsDailyBusinessNewsMHProNews

 

LPX supplies manufactured housing producers, as well as others in the building trades.

The Market Daily says that, “Alliancebernstein L.P. boosted its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 34.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

The institutional investor owned 342,607 shares of the construction company’s stock after buying an additional 87,940 shares during the period.

Alliancebernstein L.P. owned about 0.24% of Louisiana-Pacific Corporation worth $8,504,000 at the end of the most recent reporting period.”

Other institutional investor moves included.

Fortaleza Asset Management Inc. raised its position in Louisiana-Pacific Corporation by 8.2% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after buying an additional 520 shares in the last quarter.

Elkfork Partners LLC purchased a new position in Louisiana-Pacific Corporation during the fourth quarter valued at about $180,000.

Acrospire Investment Management LLC raised its position in Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock valued at $192,000 after buying an additional 60 shares in the last quarter.

Breton Hill Capital Ltd. purchased a new position in Louisiana-Pacific Corporation during the first quarter valued at about $221,000.

Finally, World Asset Management Inc purchased a new position in Louisiana-Pacific Corporation during the first quarter valued at about $222,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.”

6.22.2017LPX1YearSnapshotStocksMarketsDataResearchReportsDailyBusinessNewsMHProNews

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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)

 

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Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

Providing you only with the very best industry coverage, every business day.

We Provide, You Decide.” © ##

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

 

Insider Trades, UMH – Carlyle Surges, Skyline Slips

June 21st, 2017 Comments off

6212017CNNMoneyDowTickerManufacturedHousingStockMarketResearchDataReportsDailyBusinessNewsMHProNewsThe evolving Daily Business News market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also a quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.  MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

  • Gas prices are falling fast ‘Bachelor in Paradise’ contract revealed.
  • How not to get ripped off at the doctor’s office.
  • How much investing risk should you take in retirement?
  • 3 things you need to know about your credit score.
  • Uber CEO Travis Kalanick resigns. Now what?
  • A ‘breatharian’ couple? Don’t hold your breath.
  • Will the Democrats’ lawsuit against Trump work?
  • What Saudi shakeup means for oil, economy.
  • Still no magic at Disney despite box office hits.
  • Working from home is really having a moment.

 

Selected headlines and bullets from Fox Business:

  • Trump vs. May: UK could win race to slash corporate tax rate, again.
  • Oil prices headed for $30, Bank of America says.
  • S&P, Dow hurt by Energy, banks; biotech boosts Nasdaq.
  • Oil drops to 10-month low; biggest first-half slide in 20 years.
  • Home sales rose in May but buyers face sharply rising prices.
  • Anthem exits ObamaCare marketplace in two more states.
  • Kia, Genesis top J.D. Power’s initial quality rankings.
  • Diageo to buy George Clooney’s tequila brand Casamigos for $1B.
  • US weighs sanctions on Chinese companies that deal with North Korea.
  • U.S. in the golden age of being a ‘screw up’: Dennis Miller.
  • Stop obsessing over the Fed’s 2% inflation target.
  • Saudi royal shakeup potentially dangerous for U.S.: Bolton.
  • ObamaCare deadline forces insurers to gamble on future of health care market.
  • North Korea’s Kim Jong-un will eliminate any potential threats, CIA analyst says.

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.

 

9 key market indicators, ‘at the closing bell…’

 

S&P 500 2,435.61 -1.42 (-0.06%)

Dow 30 21,410.03 -57.11 (-0.27%)

Nasdaq 6,233.95 +45.92 (+0.74%)

Crude Oil 42.48 -1.03 (-2.37%)

Gold 1,247.20 +3.70 (+0.30%)

Silver 16.41 -0.01 (-0.04%)

EUR/USD 1.1163 +0.0029 (+0.26%)

10-Yr Bond 2.155 +0.002 (+0.09%)

Russell 2000 1,399.25 -3.71 (-0.26%)

 6212017YahooFinance9MarketIndicatorsManufacturedHousingIndustryStocksMarketsResearchDataReportsMHProNews

Manufactured Housing Composite Value 6.21.2017

ManufacturedHousingIndustryYahooCompositeValueResearchDataStocksDailyBusinessNewsMHProNews

Today’s Big MH Industry-Connected Movers

Nobility Homes and Carlyle were leaders among gainers. Skyline gave back most of yesterday’s rally.

See the graphic further below for all the ‘scores and highlights.’

 

Today’s MH Market Spotlight Report –  UMH Properties

UMH Properties recently announced the reopening of its once flooded Memphis Blues property.

Images shown are from UMH’s recently published report.

UMHPropertiesInvestorPresentationManufacturedHomeIndustryDailyBusinessNewsStocksMarketReportsDataResearchMHProNews

There has been insider trades reported by FIDaily, as follows. “Director Kenneth K. Jr Quigley purchased 60 shares at an average price of $16.50 on Thu. the 15th. That brings Quigley’s holdings to $33,447 as recorded in a recent Form 4 SEC filing. Director Matthew I. Hirsch bought 634 shares at an average price of $15.75 on Mon. the 15th. That brings the Director’s holdings to $171,440 per an SEC filing yesterday.

Director Kenneth K. Jr Quigley disclosed the purchase of 63 shares. The shares were bought on May 15th for an average price of $15.75. Quigley now owns $30,271 of the stock per the Form 4 SEC filing.”

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FIDaily also said, “…the primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), conducts manufactured home sales in its communities. As of December 31, 2016, the Company owned 106 manufactured home communities consisting of approximately 19,300 developed sites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan.”

Regarding moves in positions by larger investors: “As of the end of the quarter Goldman Sachs Group Inc had sold a total of 1,667 shares trimming its holdings by 8.2%. The value of the investment in (UMH) went from $304,000 to $282,000, a change of 7.2% quarter to quarter.

As of quarter end State Street Corp had acquired 115,181 shares, growing its position 31.0%. The value of the investment in UMH increased from $5,588,000 to $7,394,000, a change of $1,806,000 quarter over quarter.

PortfolioSizeUMHPropertiesManufacturedHousingIndustryStocksMarketsReportsDataResearchDailyBusinessNewsMHProNews

Schwab Charles Investment Management Inc augmented its position by buying 50,145 shares an increase of 98.7% as of 03/31/2017. Schwab Charles Investment Management Inc. owns 100,945 shares valued at $1,536,000. The total value of its holdings increased 100.8%.

RentalManufacturedHomesUMHProperties62017ResearchStockMarketsDailyBusinessNewsReportsMHProNews

Raymond James & Associates cut its holdings by selling 2,745 shares, a decrease of 3.3% in the quarter. Raymond James & Associates currently owns 79,882 shares worth $1,215,000. The value of the position overall is down by 2.3%.”

 

UMHPropertiesDailyBusinessNewsDataResearchReportsMHProNews

Images are those of the entity shown, and when by third parties, are provided under fair use guidelines.

MHProNews.com – “We Provide, You Decide.” ©

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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)

6212017BloombergManufacturedHousingIndustryResearchDataReportsDataDailyBusinessNewsMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

Providing you only with the very best industry coverage, every business day.

We Provide, You Decide.” © ##

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Summit Homes, Clayton Subsidiary, Donates to St Jude’s, Skyline JUMP$

June 20th, 2017 Comments off

DowJonesInduAvgManufacturedHousingIndustryConnectedStockMarketDataReportsResearchDailyBusinessNewsMHProNewsThe evolving Daily Business News market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.  MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

 

  • Oil prices plunge into bear market
  • Ford to build the Focus in China instead of Mexico
  • Mnuchin: While House won’t rule out 2nd term for Yellen
  • No holy guacamole: Chipotle sinks on weak outlook
  • Why you should care about increasing secrecy
  • ‘Bachelor in Paradise’ investigation ends
  • U.S. tightens sanctions on Russia over Crimea
  • The bull is back! Market near highs despite risks
  • The ‘Airline of the Year’ award goes to…
  • Who pays if Congress kills state and local tax deductions
  • Tesla driver was warned seven times before crash

 

Selected headlines and bullets from Fox Business:

  • Ivanka Trump says administration will ease burden of child care costs
  • FedEx reports quarterly profit
  • Wall St ends down as energy, retail shares fall
  • U.S. crude ends at nine-month lows on global oversupply
  • Qatar Airways named ‘Airline of the Year,’ amid blockade in Gulf region
  • Illinois’ fiscal situation dire as state misses another deadline, special session begins
  • Alaskans could get extra $1,000 in oil payouts
  • Fox News: Brussels train station evacuated, man wearing ‘bomb vest’ shot by police
  • Iowa’s last major ObamaCare insurer weighs exit, requests 43% premium hike
  • Ryan: Tax overhaul will prioritize savings, eliminate estate tax

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.

 

9 key market indicators, ‘at the closing bell…’

 

S&P 500 2,437.03 -16.43 (-0.67%)

Dow 30 21,467.14 -61.85 (-0.29%)

Nasdaq 6,188.03 -50.98 (-0.82%)

Crude Oil 43.34 -0.86 (-1.95%)

Gold 1,243.40 -3.30 (-0.26%)

Silver 16.42 -0.08 (-0.47%)

EUR/USD 1.1128 -0.0022 (-0.20%)

10-Yr Bond 2.15 -0.04 (-1.69%)

Russell 2000 1,402.98 -15.11 (-1.07%)

 9marketIndicatorsYahooFinanceManufacturedHousingIndustryConnectedStockMarketReportsDataResearchDailyBusinessNewsMHProNews

 Manufactured Housing Composite Value 6.20.2017

ManufacturedHousingIndustryCompositeValueMHCVYahooFinanceStocksMarketsReportsDataDailyBusinessNewsMHProNEws

Today’s Big Movers

Skyline jumps and LCII lead the gainers. Brookfield and UMH lead the decliners. See below for all the ‘scores and highlights.’

Today’s MH Market Spotlight Report –  Clayton’s Summit Homes

Summit Homes, Clayton Properties Subsidiary, Donates $718k To St. Jude Hospital

SummitHomesGivesBigStJudeChildrensHospitalJune2017DailyBusinessNewsMHProNews

Builder reports that conventional housing builder, Summit Homes, a Berkshire Hathaway subsidiary through Clayton Properties Group, presented St. Jude Children’s Research Hospital representatives a check for $718,000 following the sale of the builder’s 2017 St. Jude Dream Home Showplace.

Our team is thrilled to make this donation following the close of our sixth St. Jude Dream Home campaign here in Kansas City,” said Zalman Kohen, COO for Summit Homes. “We’re proud to support St. Jude’s lifesaving treatment and research efforts.”

Summit was acquired by Berkshire Hathaway unit Clayton on Nov 1, 2016.

Berkshire Hathaway’s annual report indicates that some 14 percent of Clayton revenue is expected to come from their conventional housing operations.

Summit was named the St. Jude Dream Home Builder for Kansas City in 2011. Since then, nearly $6 million was raised by the builder to support the children’s cancer center hospital. For ways to donate or get involved with St. Jude Children’s Research Hospital, visit stjude.org.

 

 

BloombergManufacturedHousingIndustryConnectedMarketReportsDailyBusinessNewsDataResearchReportsMHProNews

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

Providing you only with the very best industry coverage, every business day.

We Provide, You Decide.” © ##

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Why Cavco Bought Lexington Homes, per Joe Stegmayer – CG, AMG, MHCV Up

June 19th, 2017 Comments off

DowJIA6192017TickerManufacturedHousingIndustryReportsDataResearchStocksDailyBusinessNewsMHProNewsThe evolving Daily Business News’ market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.  MHIndustry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

  • White House keeps undermining press briefing
  • Warren wants the Wells Fargo board wiped out Trending
  • UPS will charge more for Christmas shipments
  • Trump’s financial disclosure: 9 things to know
  • FTC plans to challenge DraftKings FanDuel merger
  • So long, Yahoo. Hello … Altaba?
  • Qatar Airways fires back at Arab neighbors
  • Could there be a bidding war for Whole Foods?
  • Why top tech CEOs are still meeting with Trump
  • Baby born on flight gets free plane tickets for life
  • The 5 five huge issues Britain and EU must settle

 

Selected headlines and bullets from Fox Business:

 

  • White House Press Secretary Sean Spicer will take on a new, elevated role in the Trump administration, White House officials said Monday.
  • Trump taps tech titans to tackle government waste
  • Wall St hits record highs on strong technology, health stocks
  • Oil falls to seven-month low on more signs of growing crude glut
  • Amazon’s Whole Foods deal could spark bidding war
  • Amazon, Whole Foods shares rally as deal pressures broader market
  • Oil prices edge up; still near 2017 lows on stubborn glut
  • Trump’s Cuba rollback to spare airlines but could hurt demand
  • Trump rolls back Obama-era Cuba policy
  • White House tackles drug costs
  • Amazon CEO Bezos has billions more to give away thanks to Whole Foods deal
  • Amazon vs. Walmart: Grocery wars
  • Is Costco cheaper than Amazon?

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.

9 key market indicators, ‘at the closing bell…’

 

S&P 500 2,453.46 +20.31 (+0.83%)

Dow 30 21,528.99 +144.71 (+0.68%)

Nasdaq 6,239.01 +87.25 (+1.42%)

Crude Oil 44.14 -0.60 (-1.34%)

Gold 1,245.10 -11.40 (-0.91%)

Silver 16.45 -0.21 (-1.24%)

EUR/USD 1.1147 -0.0037 (-0.33%)

10-Yr Bond 2.19 +0.033 (+1.53%)

Russell 2000 1,418.08 +11.35 (+0.81%)

9marketIndex6192017YahooManufacturedHousingIndustryMarketResearchReportsStocksDataDailyBusinessNewsMHProNews

 

Manufactured Housing Composite Value 6.19.2017

6192017ManufacturedHousingCompositeValueYahooFinanceManufacturedHomeIndustryDataResearchReportsMarketsDailyBusinessNewsMHProNews

Manufactured Housing Connected Stocks

Today’s Big Movers

Carlyle and AMG lead the gainers. All tracked stocks, save Skyline gained today; which means SKY lead the decliners. See below for all the ‘scores and highlights.’

Today’s MH Market Spotlight Report –  Cavco Industries

WhyCavcoBought LexingtonHomesPerJoeStegmayerManufacturedHousingIndustryResearchReportsDataStocksMarketsDailyBusinessNewsMHProNews

Cavco’s media release on their 2017 fourth quarter – with their year-end results – including their most recent investor presentation (click here for download) are packed with useful insights on the company, and on the industry. 

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Several manufacturers that Cavco Industries (CVCO) has purchased were MHARR members at the time they were bought.

Some quotable quotes follow…

Financial highlights include the following:

  • Net revenue for the fourth quarter of fiscal year 2017 totaled $198.0 million, up 11.7% from $177.3 million for the fourth quarter of fiscal year 2016. Net revenue for fiscal year 2017 was $773.8 million, 8.6% higher than $712.4 million for the prior fiscal year.

CavcoConsolidatedIncomeStatement4q2017ResultsManufacturedHousingIndustryResearchDataReportsDailyBusinessNewsMHProNews

  • Net income was $10.9 million for the fourth quarter of fiscal year 2017, compared to $7.0 million reported in the same quarter of the prior year, a 55.7% increase. For the fiscal year ended April 1, 2017, net income was $38.0 million, up 33.3% from net income of $28.5 million for the year ended April 2, 2016.

CavcoQuarterly4q2017ResultsManufacturedHousingIndustryResearchDataReportsDailyBusinessNewsMHProNews

  • Net income per share for the fourth quarter of fiscal 2017, based on basic and diluted weighted average shares outstanding, was $1.21 and $1.19, respectively, versus $0.78 and $0.77, respectively for the quarter ended April 2, 2016. Net income per share for the year ended April 1, 2017, based on basic and diluted weighted average shares outstanding, was $4.23 and $4.17, respectively, versus basic and diluted net income per share of $3.21 and $3.15, respectively, for the prior year.

CavcoOtherOperatingData2017v2016ResultsManufacturedHousingIndustryResearchDataReportsDailyBusinessNewsMHProNews

Per their release, “Commenting on the results, Joseph Stegmayer, Chairman, President and Chief Executive Officer said, “We are proud to report strong results in what is typically a seasonally slower winter period. This quarter, growing market demand led to improvement across all of our housing product lines. Shipment volume for the manufactured housing industry and the Company was also aided by government orders for disaster relief units, which further enhanced home sales growth.”

May2017BuildingFacilitiesCavcoIndustriesManufacturedHousingIndustryDataResearchReportsGraphicsDailyBusinessNewsMHProNews

For the complete Cavco investor presentation, click the graphic above. Note in the map above, and the orange text below, that Cavco stated they liked – among other factors – the geographic location of Lexington Homes, with respect to its overall growth strategy.

Stegmayer said, “We remained focused on increasing core sales and expanding business opportunities in areas with significant affordable housing demand. A recent example of this strategy is the purchase of Lexington Homes in April 2017. This manufacturing facility will serve as our base to build a stronger presence in Mississippi and the surrounding states which are historically good markets for factory built homes.”

Note, the full time U.S. employees chart above is at odds with the numbers provided by Pam Danner, JD, at HUD’s MH program, in their recent ‘promotion’ of manufactured housing ‘facts,’ to see that recent report, click here.

We Provide, You Decide.” ©

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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)

6192017BloombergManufacturedHousingConnectedIndustryStocksReportsDataResearchDailyBusinessNewsMHProNews

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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 above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

LCI Insider Trading, Spotlight. MHCV Rising, Bucks Broader Markets Dip

June 15th, 2017 Comments off

DowJIACNNMoneyTicker6152017ManufacturedHousingIndustryMarketReportsDailyBusinessNewsMHProNewsThe evolving Daily Business News’ market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also a quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.  MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

  • There’s a new Wells Fargo scandal.
  • Complaint: JPMorgan Chase discriminates against fathers.
  • Big Oil needs to spend $350B…on wind and solar.
  • Feds: ‘Dumb and Dumber To’ was made with stolen cash.
  • What Trump doesn’t understand about the poor.
  • Uber sued for mishandling rape victim’s records.
  • The business of ‘The Bachelor’ franchise.
  • Ethics chief: Steve Bannon Waiver is ‘problematic.’
  • What to expect at the Paris Air Show.
  • Migrant workers will send home $450 billion this year.
  • CEOs to Trump: You’re failing.

Selected headlines and bullets from Fox Business:

  • Congressman: I’ll carry a gun now after Scalise shooting.
  • Congressional Baseball Game raising money for Capitol Police fund.
  • Members of Congress should be armed: Former FBI Deputy Assistant Director.
  • Tech stocks continue to let air out of recent rally.
  • Oil slides, hits six-month low on rising global production.
  • Snap shares tumble to IPO price of $17.
  • Bye-bye, Butterfinger? Nestle explores sale of U.S. confectionary business.
  • Trump promises high paying jobs with new apprenticeship order.
  • White House split over debt ceiling as deadline looms.
  • Boeing hits record highs after U.S., Qatar sign F-15 deal.
  • Air bag maker Takata to file bankruptcy this month: Report.
  • Uber sued after allegedly obtaining rape victim’s medical records.
  • Trump apprenticeship plan will change attitudes about trade jobs, Andy Puzder says.

9 key market indicators, ‘at the closing bell…’

S&P 500 2,432.46 -5.46 (-0.22%)

Dow 30 21,359.90 -14.66 (-0.07%)

Nasdaq 6,165.50 -29.39 (-0.47%)

Crude Oil 44.40 -0.33 (-0.74%)

Gold 1,256.00 -19.90 (-1.56%)

Silver 16.75 -0.39 (-2.28%)

EUR/USD 1.1147 -0.0069 (-0.61%)

10-Yr Bond 2.162 +0.024 (+1.12%)

Russell 2000 1,410.19 -7.39 (-0.52%)

9MarketIndicatorsManufacturedHousingIndustryResearchReportsDataMarketsDailyBusinessNewsMHProNews

Manufactured Housing Composite Value 6.15.2017

6.15.20179marketIndicatorYahooFinanceManufacturedHousingCompValueDataResearchTrendsReportsDailyBusinessNewsMHProNews

Manufactured Housing Connected Stocks

Today’s Big Movers

Cavco and Skyline lead the gainers. Berkshire Hathaway and Carlyle lead the decliners. See below for all the ‘scores and highlights.’

Today’s MH Market Spotlight Report – LCI Industries (formerly, Drew)

LCIIDirectorJamesGeroCreditStreetInsiderManufacturedHousingIndustryConnectedStocksReportsDataDailyBusinessnewsChaffey Breeze tells us that,LCI Industries (NASDAQ:LCII) Director James Gero acquired 12,000 shares of the stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $92.03 per share, with a total value of $1,104,360.00. Following the purchase, the director now directly owns 224,664 shares of the company’s stock, valued at $20,675,827.92. The transaction was disclosed in a filing with the SEC…”

As Bloomberg’s 1 year snapshot reveals, the company has returned an impressive 25.23 percent in one year.

Data from Markets Daily and Alpha one will follow, below this chart.

 

 

LCIPriorDrewIndustries1YearSnapshotDataResearchReportsMarketsDailyBusinessNewsMHProNews

NewsREALphaOneDrewLCIManufacturedHousingIndustryConnectedStocksMHProNews

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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)

6.15.2017ZBloombergManufacturedHousingConnectedStocksDataResearchTrendsDailyBusinessNewsmHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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 above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

Cavco Gets Negative News – Today’s Spotlight. MHCV Continues Rally

June 14th, 2017 Comments off

6142017CNNMoneyManufacturedHousingIndustryDataReportsResearchDailyBusinessNewsMHProNewsWhat are the headlines that moved investors?  The bullet views from two sides of the media left-right aisle are below.

Bullets from CNN Money.

  • DeVos halts Obama-era student loan protections.
  • She was 13 when her family fled to Mexico.
  • Fed hikes interest rates by quarter point.
  • Fox News drops ‘Fair and Balanced’ slogan.
  • Innovative therapy swaps kid’s wheelchairs for toy cars.
  • Canada wants to be the next Silicon Valley.
  • 196 Democrats sue Trump over foreign money.
  • Congressman shot at GOP baseball practice.
  • Nike is the next U.S. company in Europe’s crosshairs.
  • Trump’s newest Chinese trademarks.
  • Jones interview sends Megyn Kelly’s advertisers fleeing.

Headlines in bullets from Fox Business today:

  • Federal Reserve raises rates, plans to reduce balance sheet this year.
  • Breaking down the Fed’s decision to raise interest rates.
  • Federal Reserve hikes rates, Yellen takes questions.
  • Wall St. dips after Fed rate hike; tech slumps again.
  • Oil sinks to November lows on shock U.S. gasoline build.
  • Scalise shooter dead after attacking baseball practice for upcoming charity game.
  • James T. Hodgkinson: Alleged Scalise shooter was Sanders volunteer, wanted to ‘tax the rich.’
  • Ivanka Trump: Apprenticeship could help fill 2M manufacturing jobs.
  • Multiple victims from UPS center shooting in San Francisco.
  • Tyson Foods lobbyist among victims in GOP baseball shooting.
  • Home Depot co-founder Marcus: I’m worried about the lives of President Trump, Speaker Ryan.

9 Key Market Indicators, at this afternoon’s closing bell…

S&P 500 2,437.92 -2.43 (-0.10%)

Dow 30 21,374.56 +46.09 (+0.22%)

Nasdaq 6,194.89 -25.48 (-0.41%)

Crude Oil 44.74 -1.72 (-3.70%)

Gold 1,262.00 -6.60 (-0.52%)

Silver 16.88 +0.11 (+0.64%)

EUR/USD 1.1219 +0.001 (+0.09%)

10-Yr Bond 2.138 -0.069 (-3.13%)

Russell 2000 1,417.57 -8.41 (-0.59%)

6142017Yahoo9MarketIndicatorsManufacturedHousingIndustryDataReportsResearchDailyBusinessNewsMHProNews

 

Manufactured Housing Composite Value 6.14.2017

6142017ManufacturedHousingIndustryCompositeValueMHCVYahooFinanceDataResearchReportsDailyBusinessNewsMHProNews

Manufactured Housing Connected Stocks

Today’s Big Movers

Carlyle and UFPI lead the gainers.  Patrick, Cavco, and Skyline lead the decliners. See below for all the scores and highlights.

Today’s MH Market Spotlight Report – Cavco Industries

MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

Cavco, per the Markets Daily:

cavcoindustriesreportsq2resultscreditcavco-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Cavco Industries.

News coverage about Cavco Industries (NASDAQ:CVCO) has trended somewhat negative on Saturday, AlphaOne Sentiment reports.

AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time.

AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable.

CavcoIndustriesSpotlightedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Cavco Industries earned a daily sentiment score of -0.10 on AlphaOne’s scale. AlphaOne also assigned media coverage about the construction company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.”

The stock dipped today. But the one year snapshot for Cavco is below, and it clearly reflects an upward trend.

CavcoIndCVCO6142017ManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHProNews

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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)

BloombergMarkets6142017ManufacturedHousingIndustryConnectedStocksDataResearchReportsDailyBusinessNewsMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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 above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

AMG in Spotlight, Cavco Spikes, Pat Climbs, MHCV Up

June 13th, 2017 Comments off

CNNMoneyDowTicker6132017ManufacturedHousingIndustryMarketReportsDataDailyBusinessNewsMHProNewsWhat’s moving the investors that are moving the markets?

Here’s what others say, on each side of the left-right media spectrum.

Some bullets from CNN Money:

  • Marissa Mayer leaves Yahoo with nearly $260M.Sears Canada warns it is running out of cash.
    Retail bloodbath: Bankruptcy filings pile up.
    Behind the ‘Bachelor in Paradise’ troubles.
    Mnuchin wants more power to oversee Wall Street banks.
    Record number of Brits take German citizenship.
  • American reverses plan to cut an inch of legroom.
  • Senate bars filming of senators in Capitol hallways.
  • Goldman Sachs CEO falls for prankster.
  • He had the American Dream, then lost it all.

Headline bullets from Fox Business:

  • Uber CEO takes indefinite leave, top executives will run company.
  • Tech recovery sends Wall St to records with Fed next.
  • Oil edges down as OPEC sees market rebalancing at slower pace.
  • Fed set to raise rates, focus turns to balance sheet and inflation outlook.
  • Adam Carolla on ‘No Safe Spaces’: Hollywood blacklists over politics.
  • Obama guilty of real Hillary Clinton obstruction, Fmr. US AG Mukasey says.
  • Time Inc. to Eliminate About 300 Jobs, or 4% of Workforce.
  • Serena Williams, Gwyneth Paltrow team up in new ‘superfood’ startup.
  • The Trump bump in the economy will slow down: Bill Gross.
  • Mnuchin’s Dodd-Frank reform advice fires up Sen. Warren, Dems.

9 Key Market Indicators – at the closing bell.

 

S&P 500 2,440.35 +10.96 (+0.45%)

Dow 30 21,328.47 +92.80 (+0.44%)

Nasdaq 6,220.37 +44.90 (+0.73%)

Crude Oil 46.50 +0.42 (+0.91%)

Gold 1,269.10 +0.20 (+0.02%)

Silver 16.84 -0.10 (-0.61%)

EUR/USD 1.1209 +0.0003 (+0.03%)

10-Yr Bond 2.207 -0.006 (-0.27%)

Russell 2000 1,425.98 +6.77 (+0.48%)

9Indicators6132017ManufacturedHousingIndustryMarketReportsDataDailyBusinessNewsMHProNews

Manufactured Housing Connected Stocks 6.13.2017

ManufacturedHousingCompositeValueIndexData6132017ManufacuredHousingIndustryDailyBusinessNewsMHProNews

Today’s Big Movers

Cavco and Patrick lead the gainers.  UMH and BAM lead decliners.

Today’s MH Market Spotlight Report

AMG holds a significant position in Third Ave, which we profiled recently, which in turn holds stock in manufactured home production operations.

AMG’s investor page says in part:

AMG has generated strong growth in earnings since its initial public offering in 1997, with compound annual growth in Economic earnings per share of approximately 14%. AMG’s growth is driven by:

  • The investment performance and organic growth of its existing Affiliates
  • Accretive investments in new and existing Affiliates, and

An efficient capital structure, with a focus on generating attractive returns for shareholders through effective capital management.

AMGBrdigeLogoManufacturedHousingIndustryConnectedStocksResearchDataReportsDailyBusinessNewsMHProNews

Credits, AMG. All images from third parties are provided under fair use guidelines.

Wikipedia says, “Affiliated Managers Group Inc. is an American international investment management company headquartered in Massachusetts that owns stakes in a number of boutique asset management, hedge fund, and specialized private equity firms.”

In today’s mentions, SP Market News says:

KBC Group NV decreased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,928 shares of the asset manager’s stock after selling 2,640 shares during the period. KBC Group NV’s holdings in Affiliated Managers Group were worth $1,136,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock.

BP PLC bought a new stake in Affiliated Managers Group during the fourth quarter valued at about $1,017,000.

ING Groep NV raised its stake in Affiliated Managers Group by 57.1% in the fourth quarter.  ING Groep NV now owns 3,150 shares of the asset manager’s stock valued at $453,000 after buying an additional 1,145 shares during the last quarter.

Bessemer Group Inc. bought a new stake in Affiliated Managers Group during the fourth quarter valued at about $721,000.

State Board of Administration of Florida Retirement System raised its stake in Affiliated Managers Group by 3.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 71,756 shares of the asset manager’s stock valued at $10,426,000 after buying an additional 2,252 shares during the last quarter.

Finally, Comerica Bank raised its stake in Affiliated Managers Group by 0.5% in the fourth quarter. Comerica Bank now owns 13,289 shares of the asset manager’s stock valued at $1,908,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 95.89% of the company’s stock.”

MassiveInvestorMovesatAffiliatedManagersGroupcreditAMGPixaby-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: AMG, MHProNews/Pixaby.

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Bloomberg6132017ManufacturedHousingConnectedStocksMarketsResearchReportsDailyBusinessNewsMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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 above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

 

Spotlight, Killam Performance. MHCV up, Mixed Markets, Several MHCs dipped

June 12th, 2017 Comments off

CNNMoneyDowJIATicker6122017DailyBusinessNewsMHProNewsBullets from CNN Money:

·        After ICE raid, he lost 10% of his workers.

·        Ivanka Trump brand ended talks with Japanese firm.

·        Obamacare enrollment slides to 10.3 million for 2017.

·        The very dark warning from billionaire investor Ray Dalio.

·        Bobbi Brown: ‘I never saw a glass ceiling.’

·        Uber has a leadership void at a time of crisis.

·        How the PGA is trying to fix golf’s image.

·        A top vodka brand is trolling Trump.

Bullet points from Fox Business:

·        Trump likely to get GOP senators’ revised health care draft Tuesday.

·        Jeff Immelt to retire as GE CEO, Flannery to succeed.

·        Apple, Netflix see more selling pressure as tech rout continues.

·        Oil rises on signs of U.S. inventory declines, lower Saudi exports.

·        GE’s Jeff Immelt steps down, stock has best day since 2015.

·         ‘Made in America’ cars: Chevrolet Traverse, Ford F-150 top 2017 list.

·         Trump apprentices’ starting pay $60K, more in demand than college grads: Secretary Acosta.

·        Solar panels could help pay for Trump’s border wall.

9 market indicators as reported at today’s closing bell…

S&P 500 2,429.39 -2.38 (-0.10%)

Dow 30 21,235.67 -36.30 (-0.17%)

Nasdaq 6,175.46 -32.45 (-0.52%)

Crude Oil 46.04 +0.21 (+0.46%)

Gold 1,267.70 -3.70 (-0.29%)

Silver 16.94 -0.28 (-1.61%)

EUR/USD 1.1201 +0.0007 (+0.07%)

10-Yr Bond 2.213 +0.014 (+0.64%)

Russell 2000 1,419.21 -2.50 (-0.18%)

9marketindicatorsYahooFinanceManufacturedHousingIndustryDataDailyBusinessNewsResearchReportsMHProNews

 

Today’s MH Market Spotlight Report – Killam

MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

The Cerbat Gem reports that, “Shares of Killam Apartment REIT (TSE:KMP.UN) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.66.”

1YearSnapshotKillamManufacturedHomeCommunitySectorResearchDataReportsDailyBusinessNewsMHProNewsThe firm has more holdings in apartments, but they love the manufactured home community sector.

From Killam’s website:

Manufactured Home Communities

Affordable living without the sacrifice

Killam is one of Canada’s largest owner operators of manufactured home communities (MHCs), also known as land lease communities. With over 30 MHC’s across Atlantic Canada and Ontario, Killam prides itself on actively managing all its communities with professional, on-site staff who are supported by a dedicated team of full time and contracted maintenance and administration staff.

PhilipFraserCEOKillamPropertiesManufacturedHomeCommunityEasternPassageNSGlobeMailPostedDailyBusinessNewsMHProNews

To the Media…

Philip Fraser, President & Chief Executive Officer, said in an interview with the Globe and Mail in 2010, “In many ways, this is as good as it gets in real estate because it is pure cash flow,” Fraser  said. “We often say around here that if we ever wanted to give it all up and live on the beach, all we would need to do is buy a couple of parks to keep us going.” He said it is the perfect place to invest in real estate.

PhilipFraserCEOKillamPropertiesManufacturedHomeCommunityEasternPassageNSGlobeMailPostedDailyBusinessNewsMHProNews

Today’s Movers

LCI and UFPI led gainers. Tricon and BAM lead the sliders.

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

BloombergMarketReportManufacturedHousingIndustryResearchDataReportDailyBusinessNewsMHProNews

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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 above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

BAM! Brookfield’s 2 Billion Dollar Spotlight, plus Carlyle, LPX Gain

June 9th, 2017 Comments off

Bullets from CNN Money:

·    Uber’s CEO is under fire. Can he keep his job?
·    A new bubble bursting? Tech stocks plunge.
·    Ford offering buyouts to 15,000 salaried workers.
·    Treasury’s Mnuchin: U.S. won’t default on its debt.
·    California could become a sanctuary state for marijuana.
·    Cat Yoga – Yes, you can.
·    Tim Cook: For God’s sake, don’t become a troll.
·    Need a distraction? The Powerball jackpot is huge.
·    GE wants to unload its iconic light bulb business
·    Deutsche Bank won’t release details on Trump,

Bullet headlines from Fox Business:

  • Trump on Comey: No collusion, no obstruction, he’s a leaker.
  • President Donald Trump addresses reporters in regards to former FBI Director James Comey’s testimony on Thursday.
  • Comey is a disgruntled former employee testifying against the boss who fired him: Andy Puzder.
  • Dow closes at fresh high, tech selloff shoves Nasdaq from record.
  • Oil rises as Nigerian pipeline leak overshadows supply worries.
  • Secretary Mnuchin: Nothing is higher on priority list than tax reform
  • Comey facing ‘three-pronged legal attack’ after Kasowitz’s detailed investigation.
  • Keep calm and carry on with European investments, be cautious with UK focus.
  • The one thing today’s retirees wish they had done differently.
  • Senate Republicans, House in talks to combine health care and tax cuts into one bill, White House sources say.
  • Businesses should cut ties with Qatar, Egyptian billionaire says.
  • U.S. depressed homeownership rate: 5 problems.

9 Market indicators at the closing bell today…

S&P 500 2,431.77 -2.02 (-0.08%)

Dow 30 21,271.97 +89.44 (+0.42%)

Nasdaq 6,207.92 -113.85 (-1.80%)

Crude Oil 45.83 +0.19 (+0.42%)

Gold 1,269.10 -10.40 (-0.81%)

Silver 17.19 -0.22 (-1.26%)

EUR/USD 1.1197 -0.0006 (-0.05%)

10-Yr Bond 2.199 +0.005 (+0.23%)

Russell 2000 1,421.71 +6.09 (+0.43%)

6.9.20179marketindicatorsYahooFinanceManufacturedHousingIndustryMarketResearchReportsDataDailyBusinessNewsMHProNews

ManufacturedHousingCompositeValueYahooFinanceManufacturedHomeIndustryReportsDataResearchDailyBusinessNewsMHProNews

Today’s Big Movers

Carlyle and LPX led gainers.  Several community stocks slide (see chart below).

Today’s MH Market Spotlight Report

MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

About a year has passed since the 2 billion dollar Brookstar Asset Management (BAM) buyout of NorthStar’s manufactured home community portfolio.

The portfolio is comprised of 135 properties with 33,010 pads or sites in 13 states.

BAM’s 1 year snapshot is as follows.

692017BrookfieldAssetManagementBAM1YearSnapshotBloombergManufacturedHousingIndustryResearchReportsDataDailyBusinessNewsMarketMHProNews

Megan Dolan, for JLL noted that, “Marble counter tops and hardwood floors. Swimming pools and walking trails. A high-end clubhouse.

Many of today’s new Manufactured Housing Communities (MHCs) have the same qualities, enhancements and amenities as a neighborhood of luxury multifamily high-rises.

InvestorsEyeEvolvingManufacturedHomeCommunitySectorJLLMeganDolanDailyBusinessNewMHProNews

Across the U.S., they’re often home to seniors who are looking to downsize and enjoy their retirement years. Many MHCs also address the country’s critical need for workforce housing, which generally serves families and households earning more than 60 percent of area median income.

BAMBrookfieldAssetManagementManufacturedHomeCommunitiesLinkedIn

As the design and function of manufactured housing adapts to 21st century expectations, it’s not only Americans looking for affordable homes who have become involved in the sector. MHCs have also caught the eye of a growing number of investors who, faced with record-high pricing for prime “trophy” multifamily properties and intense competition to secure a foothold in primary and top secondary markets, are looking to niche housing sectors as a means of securing higher returns.

BrianTKellherLindkenManufacturedHomeCommunityDailyBusinessNewsMHProNewsJLL International Director Brian Kelleher says: “Manufactured housing supply is limited and necessary capital expenditures for communities are modest, giving the sector plenty of investment merit. Ownership primarily used to be small private funds and families, but increasingly the asset class catches the attention of institutions and foreign investors, as these groups are now more familiar with the sector and view it as an effective way to secure higher yield.”

Brookfield ranks #5 on the NCC’s May 2017 top 50 list of manufactured home communities in the U.S.

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

692017BloombergManufacturedHousingIndustryResearchReportsDataDailyBusinessNewsMarketMHProNews

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, 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 above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

Third Ave MH Position Revealed, Markets Welcome Comey-Trump Nothing Burger

June 8th, 2017 Comments off

Bullet points from CNN Money:

  • House to vote on killing Dodd-Frank today.
  • Dow hits record high in the midst of Comey hearing.
  • Pro-Trump media claims vindication in Comey hearing.
  • Jamie Dimon’s heir apparent at JPMorgan is leaving.
  • Trump’s renewable energy cuts alarm former officials.
  • Verizon’s Yahoo deal closes next week, layoffs coming.
  • As insurance options fade, Delaware families hold breath.
  • Trump’s $1 trillion infrastructure promise has an obstacle.
  • 3M first-time homebuyers have been shut out of market.

Bullet headlines from Fox Business:

  • Comey testimony confirmed Trump never sought to impede investigation: Lawyer Kasowitz.
  • President Trump’s Lawyer Marc Kasowitz addressed the press following former FBI Director James Comey’s testimony in front of the Senate Intelligence Committee.
  • Stocks fall flat after Comey testimony yields no surprises.
  • Bob Mueller will close Russia investigation in three months, fmr. FBI Asst. Director Coulson says.
  • Comey testimony: Many Russia probe news stories were ‘dead wrong.’
  • Oil falls, lowest settlement since November output cut deal.
  • House votes to gut Dodd-Frank.
  • Comey testimony doesn’t warrant impeachment charges: Former DOJ official.
  • U.S. tax cuts will be delayed, smaller than expected: JPMorgan forecast.

9 market indicators, at the closing bell…

S&P 500 2,433.79 +0.65 (+0.03%)

Dow 30 21,182.53 +8.84 (+0.04%)

Nasdaq 6,321.76 +24.38 (+0.39%)

Crude Oil 45.63 -0.09 (-0.20%)

Gold 1,281.20 -12.00 (-0.93%)

Silver 17.42 -0.20 (-1.16%)

EUR/USD 1.1214 -0.0048 (-0.42%)

10-Yr Bond 2.194 +0.016 (+0.73%)

Russell 2000 1,415.61 +18.94 (+1.36%)

Manufactured Housing Composite Value

ManufacturedHousingCompositeValue682017YahooDailyBusinessNewsMHProNewsToday’s Big Movers

LCI (previously, Drew) and Cavco led gainers.  Most community stocks slipped (see chart below).

Today’s MH Market Spotlight Report

MatthewFineThirdAveContrarianConvnetionValueStriveGoOppositeDirectionLookingGreatOpportunitiesMHProNews

Credit, Third Ave Website.

 

 

ThirdAvePositionManufacturedHousingManufacturedHousingIndustryDailyBusinessNewsMHProNews

Click here or the above to see the complete Third Ave report that it was screen captured from.

MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

ThirdAve1YearSnapshotManufacturedHousingIndustryConnectedMarketReportsDataDailyBusinessNewsMHProNews682017

Facts, figures, data, documents insights harvested by the Daily Business News on MHProNews. “We Provide, You Decide.” ©

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

ManufacturedHousingIndustryConnectedStocksREITsHomeCommunitiesBloomberg682017DailyBusinessNewsMHProNews

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

We Provide, You Decide.” © ##

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.