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Posts Tagged ‘Universal Forest Products’

Manufactured Housing Industry Acquisitions Announced

March 10th, 2017 Comments off
MHIndustryAcquisitionscreditBarrettSchoolofBankingCompanies-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credits: Barrett School of Business, companies.

On the acquisition front in the manufactured housing industry, Universal Forest Products, Inc. (NASDAQ: UFPI) has announced two acquisitions.

Through one of its affiliates, UPFI has closed on the purchase of certain assets of Quality Hardwood Sales.

Based in Nappanee, Indiana, Quality Hardwood Sales is a manufacturer and supplier of hardwood products, including components for cabinets used in homes and recreational vehicles.

According to Street Insider, the acquisition is UPFI’s first operation devoted to hardwood products, and will expand the company’s portfolio while providing Quality Hardwood with additional markets for its products and the opportunity to grow its customer base and product offering.

universalforestproductsannouncesearningsresultscreditufpi-postedtothedailybusinessnewsmhpronewsmhlivingnews

Matthew Missad. Credit: UFPI.

Quality Hardwood has exceptional manufacturing expertise, a strong management team that’s staying on, and products that are known in the industry for their superiority,said Universal CEO Matthew J. Missad.

In addition, its leaders share our devotion to lasting customer relationships and to diversification and growth, and will be a great addition to the Universal family of companies.

Founded in 2001, Quality Hardwood had net sales of approximately $30 million in 2016. Current management team will remain with the company.

UPFI has also announced that it has closed on the purchase of a previously announced acquisition, Robbins Manufacturing Co.

A Robbins facility. Credit: Robbins.

Based in Tampa, Florida, Robbins manufacturers treated wood products with facilities in Florida, Georgia and North Carolina.

Founded in 1938, the company has two divisions, including Robbins Treating and Manufacturing, which operates six wood treating facilities, including an operation in Tarrytown, Florida, which it will continue to operate. The remaining five operations are included in the acquisition, with net sales of $86 million in 2016.

Headquartered in Grand Rapids, Mich., UFPI is a component supplier to the MH and RV industries.

As Daily Business News readers are already aware, UFPI is also one of the industry stocks monitored each business day. For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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

Inside Recent Moves at Universal Forest Products Inc.

December 23rd, 2016 Comments off
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Business card made of wood. Image credit, UFPI.

Universal Forest Products Inc. (NASDAQ:UFPI) has seen investors make moves in the company, led by Shinko Asset Management Co. Ltd. reducing its stake in the company by 30.6 percent during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings:

  • Fuller & Thaler Asset Management Inc. acquired a new position in the company during the second quarter worth $130,000.
  • BlackRock Japan Co. Ltd increased its stake by 59.5 percent in the second quarter.
  • HSBC Holdings PLC acquired a new position in the company in the second quarter worth $205,000.
  • PineBridge Investments L.P. increased its stake by 4.6 percent in the second quarter.

Credit: Cerbat Gem.

The Daily Business News recently covered UFPI’s Q3 earnings call, where the company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ estimates of $1.35.

universalforestproductsannouncesearningsresultscreditufpi-postedtothedailybusinessnewsmhpronewsmhlivingnews

Matthew Missad. Credit: UFPI.

The employees of Universal are working hard to top the records they achieved during the last half of 2015, and we are pleased once again to report record results and growth,” said CEO Matthew J. Missad.

We grew sales significantly in two key markets and continue to increase our sales of new products.

According to the Cerbat Gem, UFPI also announced a semi-annual dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 29th.

Company insiders were also active, with UFPI Vice President Patrick M. Benton sold 1,368 shares of the firm’s stock in a transaction dated Monday, November 28th at an average price of $102.56, for a total value of $140,302.08.

Vice President Michael F. Mordell sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, December 13th at an average price of $107.32, for a total value of $182,444.00.

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

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

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

Universal Forest Products Announces Earnings Results

November 22nd, 2016 Comments off
Credit: UFPI.

Credit: UFPI.

Universal Forest Products Inc. (NASDAQ:UFPI) has announced its Q3 2016 earnings results, including record revenues.

The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ estimates of $1.35.

UPFI earned a record $826.70 million during the quarter, with a net margin of 3.27 percent and a return on equity of 12.38 percent. The firm’s quarterly revenue was up 8.5 percent compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share.

The employees of Universal are working hard to top the records they achieved during the last half of 2015, and we are pleased once again to report record results and growth,” said CEO Matthew J. Missad. “We grew sales significantly in two key markets and continue to increase our sales of new products.

universalforestproductsannouncesearningsresultscreditufpi-postedtothedailybusinessnewsmhpronewsmhlivingnews

Matthew Missad. Credit: UFPI.

UFPI year-to-date new product sales were $247.9 million, a 16 percent increase over the $213.3 million reported for the same period of last year.

We are continuing to make investments in our business and people to promote and enhance our continued success,” said Missad.

We have added staff and are investing in their training to support our growth. We also are investing in several significant initiatives, including new international and e-commerce groups, and a research and design center, all of which we believe will contribute to our success in 2017 and beyond.

Missad added that the UFPI continues to look for strategic acquisitions. Its purchase of idX Corp. closed near the end of the third quarter. idX is an international provider of highly customized merchandising solutions. Based in St. Louis, Missouri, it has a network of more than 20 facilities across North America, Europe and Asia, with sales in 2015 of $303 million.

UFPI logo posted on MHProNews.com

Credit: UFPI.

A number of hedge funds have recently added to their stakes in UFPI:

  • State Street Corp. increased its position by 28.8 percent in the second quarter and now owns 556,128 shares valued at $51,552,000.
  • Riverhead Capital Management LLC increased its position by 2,918.5 percent in the second quarter and now owns 106,402 shares valued at $15,023,000.
  • AQR Capital Management LLC increased its position by 31.0 percent in the second quarter and now owns 170,455 shares of the company’s stock valued at $15,799,000.
  • BlackRock Fund Advisors increased its share by 2.1 percent in the second quarter.
universalforestproductsannouncesearningsresultscreditbloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

UFPI is one of the various 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. ##

(Image credits as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

 

CVCO, NRF slide, Carlyle Group, LPX glide higher, Politics/Economics Mix

September 8th, 2016 Comments off

cnnmoneydowticker982016-posteddaiybusinessnews-mhpronewsOn items that CNN Money finds of interest as part of their market reports for the day: Wells Fargo fires 5,300 for creating fake accounts, Hillary Clinton finally holds a press conference and Airbnb is cracking down on discrimination. MarketWatch notes: iPhone 7 fails to impress, but Apple predicts sellout. Fed asks Congress to limit bank commodity activities, Libertarian presidential candidate Gary Johnson asks: ‘And what is Aleppo?’ In Clinton vs. Trump, “forecasters say anything could happen.”

The three major U.S. market indexes at the close today:

S&P 500: 2,181.30 -4.86 (-0.22%).

Dow JIA: 18,479.91 -46.23 (-0.25%).

Nasdaq: 5,259.48 -24.44 (-0.46%).

2016-09-08_1644yahoocredit-posteddailybusinessnewsmhpronews

Yahoo! Manufactured Housing Composite Value at the close, 1,396.71 -32.05 (-2.24%).

Manufactured Housing Composite Value Ticker

yahoomanufacturedhousingcompositevalue-posteddailybusinessnewsmhpronews

Graphic credit, Yahoo.

Among manufactured housing industry connected tracked stocks, the big losers for today: CVCO  and NRF slide.  Among the gainers, Carlyle Group and LPX.  See chart below.

Note: The Manufactured Housing Composite Value (MHCV) does not include many of the stocks in the report below.

 

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Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

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Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

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

(Image credits are as shown.)

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

Manufactured Housing Industry Connected Stock Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Sun & Third Ave lead, Deer Valley, UMH, LPX & MHCV recede

September 6th, 2016 Comments off

DowTickerCNNMoneyPostedDailyBusinessNewsMHProNews-CNN Money headlines included Donald Trump’s assertion that the Fed has created a “false economy,” and that Americans don’t believe unemployment rate (see in-depth labor and economic charts/graphics and report, linked here.) Meanwhile, MarketWatch warns – Clouds gathering on U.S. economy? And without action, a government shutdown looms in three weeks – a budget deal is needed.

The three major U.S. market indexes at the close today:

Dow Jones Industrial Avg. – 18,538.12 – 46.16 (0.25%).

S&P 500 – 2,186.48 – 6.50 (0.30%).

Nasdaq – 5,275.91 – 26.01 (0.50%).

S&P500DowJIATickerNasdaq-Yahoo-postedDailyBusinessNews-MHProNews

Graphic credit, Yahoo.

Yahoo! Manufactured Housing Composite Value at the close, 1,417.45-5.50 (-0.39%).

Manufactured Housing Composite Value Ticker

YahooManufacturedHousingCompositeIndex=postedDailyBusinessNewsMHProNews-

Note – for the first time, we are bringing readers the 1 day and the 5 day rolling on the MHCV, credit Yahoo.

 

DVLY was the largest loser on the day, while Cavco was the biggest gainer. For our recent deeper dive into Skyline, click here.  To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.

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

Bloomberg-ManufacturedHomeConnectedStocks-DailyBusinessNewsMHProNews-

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

bloomberg-ManufacturedHousingIndustry-MHCommunities-ConnectedStocks-postedDailyBusinessNewsMHProNews-

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, 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.

ICYMI, 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).

Manufactured Housing Industry Connected Stock Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Cavco Leader, MHCV Outperforms, as soft jobs reports checks Wall Street

September 2nd, 2016 Comments off
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Dow 9-2-2016 Ticker credit, CNN Money.

Stocks ended modestly higher after a soft jobs report, says MarketWatch. “The U.S. added 151,000 jobs in August, slowing sharply from earlier in the summer.”

The billion-plus monthly pageview news aggregator Drudge Report cited the following headlines and numbers; Biggest gains in bars, restaurants‘Army of Men’ Out of Work 94,391,000 Not In Labor Forceand Gov’t Workers Outnumber Manufacturing Workers by 9,932,000.

All 3 major U.S. stock market indexes closed higher, with the Manufactured Housing Composite Value (MHCV) outperforming them all, see the report below.

Dow – 18,491.96  /  +72.66 +0.43%.

Nasdaq – 5,249.90  /  +22.69 +0.42%.

S&P 500 2,179.98  /  +9.12.

S&P500DowNasdaq9-2-2016-creditYahoo-postedDailyBusinessNews-MHProNews-

3 index ticker credit, Yahoo.

 

The Yahoo! Manufactured Housing Composite Value closed today at: 1,422.94 +34.09 (+2.45%).

Manufactured Housing Composite Value Ticker

YahooManufacturedHousingCompValue-PostedDailyBusinessNewsManufacturedHousingIndustryRelatedStockMarketReport-MHProNews-

Chart credit, Yahoo.

 

DVLY was the largest loser on the day, while Cavco was the biggest gainer.  To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.

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

9.2.2016BloombergTicker=ManufacturedHousingIndustryConnectedStockspostedDailyBusinessNewsMarketReport-MHProNews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

9.2.2016-BloombergTicker=ManufacturedHousingIndustryConnectedStocks2postedDailyBusinessNewsMarketReport-MHProNews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, 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: As the insightful report yesterday by Joe Dyton reflects, or this performance comparison of Sun Communities with Apartment giant, MAA – linked here demonstrates, MHProNews is welcoming periodic guest writers.

ICYMI, 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.

AMG sliding, MHCV rising, Other Markets Close Mixed

September 1st, 2016 Comments off
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NOTE: if you hear sounds coming on, scroll down to the FEMA manufactured housing report, and push PAUSE on the video. Sorry, but that video only offered an autoplay function. MHProNews produced videos do not do that…Image credit above, CNN Money.

U.S. Manufacturing Hits Rough Spot in Possible Warning on Growth,” says Bloomberg, which also notes thatIt’s Hard to Overstate How Quiet Stock Markets Are Right Now.” In the wake of their spectacular explosion on the launch pad, CNBC asks – Why was Facebook launching a satellite?”

The three main U.S. Markets closed mixed, as shown by the numbers, below.

Dow +0.10% 18,419.30  /  +18.42 +0.27%.

Nasdaq 5,227.21  /  +13.99.

S&P 500 -0.00% 2,170.86  /  -0.09.

S&P500DowJIA-Nasdaq3Tickers-creditYahoo-postedDailyBusinessNewsMHProNews-

3 Market Tickers, credit, Yahoo.

The Yahoo! Manufactured Housing Composite Value closed today at: 1388.8, with Today’s Change: +0.86%.

Manufactured Housing Composite Value Ticker

YahooFinanceManufacturedHousingIndustryConnectedStocksCompositeValue-PostedDailyBusinessNews-MHProNews-

Credit, Yahoo Finance for the Daily Business News, MHProNews.

AMG was the largest loser on the day, while LPX was the biggest gainer, followed by UMH (note: for those eagle eyes out there, DVLY may look to be the day’s largest gainer, but note the date posted for their last trades…).

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

9-1-2016ManufacturedHousingIndustryMHCommunitiesParksConnectedStocks-creditBloombert-postedDailyBusinessNews-MHProNews

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News –MHProNews.

9-1-2016ManufacturedHousingIndustryMHCommunitiesParksConnectedStocks-creditBloombert-postedDailyBusinessNews2-MHProNews

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: As the insightful report today by Joe Dyton reflects, MHProNews is welcoming periodic guest writers. ICYMI, 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.

 

UMH leads, Manufactured Housing CompValue recovers, as broader Stocks close lower

August 31st, 2016 Comments off

DowTicker=creditCNNMoney8-31-2016-postedDailyBusinessNews-MHProNews-The S&P 500 snapped its 5 month winning streak today, says CNBC, with the energy sector down. Treasuries also retreated, following the ADP jobs report. A CNNMoney Op-Ed suggests that it is business that must lead the way to global recovery.

UMH Properties (UMH) led gainers, in the manufactured housing related report, below.

Daily Business News Market Tracker (Yahoo, CNBC):

DJIA closed at 18400.88, down -53.42 points or -0.29%.

NASDAQ continued down too, closing at 5213.22, losing -9.77 points or -0.19%.

S&P 500 finished the day at 2170.95, retreating -5.17 points or off -0.24%.

S&P500DowJIANasdaq3Tickers-creditYahoo-postedDailyBusinessNews-ManufacturedHousingIndustryProNews-

Yahoo Finance, Main 3 U.S. Markets Tickers, for Daily Business News, MHProNews.

 

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained ground today, beating the broader markets, by rising 1.96 (+0.14  percent), and settled at $1,377.06.

8.31.2016 Manufactured Housing Composite Value Ticker.

YahooFinance-ManufacturedHousingCompositeIndexTicker-postedDailyBusinessNews-MHProNews-8-31-2016

Yahoo Finance Manufactured Housing Composite Value, on 8.31.2016 for the Daily Business News, MHProNews.

The MH-related tracked stocks biggest loser was Carlyle (CG) featured in a report linked here,  and the biggest gainer was UMH Properties (UMH), up 0.94 percent (see below).  ELS and Cavco had featured reports, see respective links for more details.

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

8.31.2016MarketReportcredit-BloombergTicker-DailyBusinessNewsManufacturedHousingIndustryRelatedStocks-MHProNews-

Credit, Bloomberg ticker for Daily Business News – MHProNews.

8.31.2016MarketReportcredit-BloombergTicker2-DailyBusinessNewsManufacturedHousingIndustryRelatedStocks-MHProNews-

Credit, Bloomberg ticker for Daily Business News – MHProNews.

 

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.

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

August 30th, 2016 Comments off
DowJIAvgCreditMarketWatch-DailyBusinessNewsMHProNews-

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

ManufacturedHousingRelatedStocks8302016credit-BloombergWatchList-DailyBusinessNews-ManufacturedHousingIndustryMHProNews

Credit, Bloomberg ticker for Daily Business News – MHProNews.

ManufacturedHousingRelatedStocks8302016credit-BloombergWatchList-DailyBusinessNews2ManufacturedHousingIndustryMHProNews

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.

ManufacturedHousingIndustryRelatedStocks-tickercreditBloomberg2postedDailyBusinessNewsMHProNews

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.