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Tricon MH Community Stock Insider Trade, Plus Manufactured Home Market UPdate$

March 12th, 2018 Comments off

CNNmoney3.12.2017ManufacturedHomeStocksMarketsReportsMHProNewsTricon Capital (TCN) Director Gary Berman has reported an insider transaction, which will be tonight’s spotlight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  •  Dropbox: The company everyone wants to kill
  • The Senate will vote to make credit freezes free for everyone
  • Lawsuit claims Wall Street’s ‘fear gauge’ was ‘manipulated’
  • Church of Scientology is launching a TV channel
  • Alexa wants to be your new co-worker
  • Here’s who is in the mix to replace Gary Cohn
  • ‘American Idol’ reboot ratings top OJ interview
  • Nancy Dubuc may replace Shane Smith as Vice Media CEO
  • Goldman Sachs signals who its next CEO will be
  • Here’s how hard Trump’s steel tariffs could hit Ford and GM
  • Apple is buying the ‘Netflix for magazines’ company
  • Time’s Up teams up with ad industry to fight harassment
  • Stormy Daniels’ ’60 Minutes’ interview shrouded in mystery
  • Dropbox wants to raise $648 million in its IPO
  • 3 tax saving strategies if you’re tired of losing money to Uncle Sam
  • Wall Street is asking: Which Trump will we get?
  • Glossier CEO: Brands of the future will be ‘co-created’
  • Warren Buffett’s March Madness offer: $1M a year for life for perfect bracket
  • Take that New York. We’re going PACIFIC
  • How Chuck Todd responded to Trump’s vulgar insult
  • Toys ‘R’ Us could go out of business
  • When American steel was king
  • ‘Black Panther’ to cross $1 billion worldwide
  • Martin Shkreli sentenced to 7 years in prison for fraud
  • A flood of job hunters are back in the labor market

Selected headlines and bullets from Fox Business:

  • March Madness betting estimated to exceed $10B
  • Who is David Solomon? Goldman banker moves closer to top role
  • Trump: Wilbur Ross to speak with EU about dropping duties
  • Stocks end mixed; Nasdaq closes at record high
  • Retailer Ross bucks downtrend, plans to open 100 new stores
  • Pennsylvania special election presses GOP’s $100M war chest wish list
  • Schwarzenegger plans to sue big oil for ‘first-degree murder’
  • If Toys ‘R’ Us liquidates, where will all the toy shoppers go?
  • New Corona beer targets millennials shift to wine and spirits: ‘Bar Rescue’s’ Jon Taffer
  • Broadcom’s hostile bid for Qualcomm confirmed as a security risk: CFIUS
  • Tiger Woods improves Masters odds after tying for second and $572,000 payout
  • Why Warren Buffett’s $1M March Madness contest is a lesson for employers
  • Netflix tests ‘patch’ system to reward young binge watchers
  • Data breach victims in US can sue Yahoo, judge says
  • Taco Bell to introduce Skittle Strawberry Freeze slushy drink

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

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

S&P 500 2,783.02 -3.55(-0.13%)

Dow 30 25,178.61 -157.13(-0.62%)

Nasdaq 7,588.32 +27.51(+0.36%)

Russell 2000 1,601.06 +3.91(+0.25%)

Crude Oil 61.38 -0.66(-1.06%)

Gold 1,323.50 -0.50(-0.04%)

Silver 16.48 -0.07(-0.40%)

EUR/USD 1.2338 +0.0033(+0.27%)

10-Yr Bond 2.87 -0.02(-0.83%)

9MarketIndicatorsYahooFinance3.12.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue3.12.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

InsiderTradesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Tricon Capital Group (TSE:TCN) Director Gary Berman purchased a reported 1,222 shares of Tricon Capital Group stock on Wednesday, March 7th, says Baseball News. 

The stock was acquired at an average price of C$10.05 per share, with a total value of C$12,281.10.”

Tricon Capital Group Inc.  (TSE:TCN) traded up C$0.14 during mid-day trading on Friday, reaching C$10.15.

TriconLifestyleCommunitiesManufacturedHousingLandLeaseBusinessDailyBusinessNewsMHProNews

Tricon plans ‘an orderly exit’ from manufactured home communities in 2018, per a 2017 company statement.

Volume was heavier than normal, with 293,400 shares of the company’s stocks traded, compared to its average volume of 232,701.

Tricon Capital Group Inc has a 1 year low of C$9.83 and a 1 year high of C$12.05. The stock has a market cap of $1,330.00, a P/E ratio of 20.71 and a beta of 0.72.

Among recent analysts comments on TCN:

  • Royal Bank of Canada reduced their price target on shares of Tricon Capital Group from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Friday, March 2nd.
  • Canaccord Genuity upped their price target of Tricon Capital Group from C$13.25 to C$13.50 in a research report on Monday, November 13th.
  • Raymond James Financial reduced their price target of Tricon Capital Group from C$14.00 to C$13.75 and set a “strong-buy” rating for the company in a research report on Friday, November 10th.
  • TD Securities upped their price target on shares of Tricon Capital Group from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Friday, November 10th.
  • CIBC upped their price target on shares of Tricon Capital Group from C$13.00 to C$13.25 in a research report on Monday, November 13th.

About Tricon Capital Group

Tricon Capital Group Inc is a Canada-based company,” says Baseball News, “which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR).”

 GaryBermanTriconCapitalGroupTCNCEOBloombergManufacturedHousingIndustryDailyBusinessNewsMHProNews

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

 NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

 NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

 NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 3.12.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

(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.

Warren Wages War

March 9th, 2018 Comments off

WarrenWagesWarBombersManufacruredHousingIndustryDailyBusinessNewsMHProNews

Investors routinely say that they prefer “certainty.” That’s true for investors in manufactured home communities, stocks, or businesses.

 

The growing economic confidence during the year following the 2016 election witnessed a well-reported rise in stocks.  That was fueled in part by regulatory rollbacks – the “certainty” caused by an easing of business conditions imposed by the federal government.

The run-up and final passage in late 2017 of the Tax Cuts and Jobs Act fueled more investor enthusiasm.  Again, ‘certainty’ – plus higher returns on investments – were part of the motivating factors for those who don’t want excessive risk for their capital.

But in the last two months, Wall Street’s equity markets have become choppier.

Among the reasons?

Less certainty over issues like Federal Reserve policies. In the last few weeks anxieties over the looming issue of the Trump Administration’s tough talk on tariffs have emerged.

The headline for this Daily Business News report is an interesting, because there are “two Warrens” that have impacted manufactured housing, and business in general America.

Both Warrens are Democrats.

One is Warren Buffett, and the other is Senator Elizabeth Warren.

Both Warrens are waging wars.

But one Warren has in a sense declared war on the other one.

WarrenBuffettBerkshireHathawaySenElizabethWarrenDMAInquistrTheNationManufacturedHousingIndsutryDailyBusinessNewsMHProNews

 

Strange Bedfellows, and the Upcoming 2018 Midterm Elections

 Politics makes for strange bedfellows,” said Charles Dudley Warner, per Brainy Quotes. It means “Political interests can bring together people who otherwise have little in common,” says Dictionary.

Elizabeth Warren and President Donald J. Trump can fall into that category, with each trading public barbs on the other.  Yet, on the issue of concerns over monopolistic practices, the two may be become de facto political allies. Both are and have been expressing concerns over monopolies, and how they those monopolies harm competition in the marketplace, the economy, and ultimately, job losses, and wages.

Senator Elizabeth Warren (D-MA) and Warren Buffett both supported Secretary Hillary Clinton for president in 2016. In 2020, sources say that the Massachusetts Democrat may be among several hopefuls for her party’s nomination to oppose presumptive GOP favorite, POTUS 45 Trump.

IBTInternationalBusinessTimesWarrenBuffettHillaryClintonDailyBusinessNewsMHProNews

 

Senator Warren has been an outspoken supporter of the Dodd-Frank legislation, the Consumer Financial Protection Bureau (CFPB) that bill created under President Barack Obama. She supported Richard Cordray’s handling of the CFPB.

While it reportedly makes Berkshire Hathaway’s 21st Mortgage Corporation President Tim Williams unhappy to have it mentioned, Warren Buffett strongly supported both candidate Barack Obama in each of his presidential election bids, and he backed Secretary Clinton too.

VicePresidentMikePenceWifeKarenHandOverHeartPledgeColts49ersGameWashingtonTimesDailyBusinessNewsMHProNews

Notice. One may agree or disagree with 21st Mortgage CEO and prior MHI Chairman Tim Williams’ presentation, from which the slide above was taken with permission. At the same time, one logically ought to question how Williams was being intellectually at odds with Berkshire Hathaway Chairman, Warren Buffett. Williams full presentation is linked here. http://www.MHProNews.com/industry-news/industry-in-focus/is-tim-williams-21st-mortgage-ceo-mhi-chair-at-odds-with-berkshire-hathaway-chairman-warren-buffett

 

Among the reasons cited by Mr. Buffett? His support for Clinton’s position on the CFPB and Dodd-Frank.

The Manufactured Housing Institute (MHI) is championing the Preserving Access to Manufactured Housing Act (H.R.1699, S. 1751) legislation to repeal parts of Dodd-Frank harmful to manufactured home lending, retailers, and selling land-lease communities (a.k.a. ‘parks’).

MHI must ignore the logical disconnect between their then chairman Williams blasting “the progressive agenda,” and Buffett’s very public support for Obama-Clinton support for Dodd-Frank.

The graphic above “Threats and Challenges” is from a power point presented by Williams to MHI members.  It was provided to MHProNews by a source with ties to 21st and MHI. Again, note the obvious contradictions?

Is Williams seriously opposed to his boss Buffett?

After all, Buffett says he supports progressive causes, and Democratic candidates.

Or is it, as industry insiders say, a form of shadow boxing – political play-acting – made to appear like an effort to help retailers and communities is underway?  When in fact Berkshire Hathaway’s chairman openly supported Clinton’s support, which included her support for Dodd-Frank?

The contradictions are too great to ignore.  Nor will MHI, or the Berkshire Hathaway brands in manufactured housing explain it, as repeated opportunities to do so have been offered by MHProNews.

 

Some Things Defy Logic…

Clinton Delivers DoddFrank Defense to Wall Street. Billionaire investor Warren Buffett will fundraise with Hillary Clinton,” reported Bloomberg in December 2015.

Yet just days before, Secretary Clinton wrote in a New York Times op-ed that, “As president, I would not only veto any legislation that would weaken financial reform, but I would also fight for tough new rules, stronger enforcement and more accountability that go well beyond Dodd-Frank.”

Why did Wall Street and Buffett support Clinton?  Because the big banks have grown under Dodd-Frank, as even Senator Warren admits.

It’s the smaller banks and lending institutions that have suffered.

If it seems confusing, it is simple once one thinks as Warren Buffett does – long-term, and per the thesis of the Nation’s recent series on monopolies – in terms of crushing the competition.

How handy is it from Mr. Buffett when the federal regulators – in this case, the CFPB – are the ones doing the crushing for the chairman of Berkshire Hathaway?

It’s “Fair Warning,” not “I Told You So”

 

Warren vs. Warren, Strange Bedfellows, and Manufactured Housing

Sen. Warren opposes S 2155, which is currently the hot topic for MHI on Capital Hill. She opposes Preserving Access too. MHI’s prior chairman has reportedly given Democrat Sherrod Brown campaign contributions. Interesting, because Brown has also come out against S. 2155, as the Daily Business News recently reported.

Brown and former MHI Chair Nathan Smith, of SSK Communities, are said to be chummy. Cincinnati reported that Smith’s cell had Sen Brown’s personal number, and Open Secrets also reported his support for Democratic candidates, including Barack Obama and Secretary Clinton.

Senators Warren and Brown have both blasted S 2155.

Senator Warren has also stated her concerns over monopolistic practices and how that hurts the economy, workers and smaller business.  Warren’s House colleagues have specifically called out Warren Buffett on Preserving Access and the troubling business practices.

An Elizabeth Warren video is predominately promoted by Americans for Financial Reform, which boasts 50 organizations opposing Preserving Access, with several manufactured home owner groups named among them.

Perhaps it is that strong opposition that has been factored in by GovTrack and Skopos Labs, which give S. 1751 only a 3 percent chance of passage in the Senate.

 

SkoposGovTrack2018-03-09_1219PreservingAccessManufacturedHousingActDailyBusinessNewsMHProNews

Preserving Access to Manufactured Housing Act’s sad odds of passage that the Manufactured Housing Institute (MHI) is unlikely to publicly admit to, are at 3 percent. Why spend millions on a plan that has such low odds? This report and the details linked help shed light on that question.

 

Following the Money, and MHI Disconnects

The rather public disconnects between MHI’s stated positions and what key people at or behind MHI has been reported more widely in the past eighteen months on the Daily Business News.

MHI has literally written checks to candidates who support or even co-sponsored Dodd-Frank and the Safe Act. Berkshire’s Buffett, former MHI Chairman Nathan Smith of SSK communities and others supported Secretary Clinton, who opposed Dodd-Frank changes.

NathanSmithSSKCommunitiesFormerManufacturedHousingIndustryMHIChairmanDailyBusinessNewsMHProNews2018-03-09_1245NathanSmithOpenSecretsContributionsDailybuinssnewsMHProNews1

NathanSmithHillaryClintonSSKcommunitiesDailyBusinessNewsOpenSecretsMHproNews2018-03-09_1243

Let’s be clear. Nathan Smith, Warren Buffett, or anyone else, can support whomever they want to. That’s not the issue. The controversy here is that Smith is a leader at MHI, was the Chairman, is on the MHI PAC and GR committees, and yet was supporting those who opposed Preserving Access. It’s the contradiction of saying one thing, and doing another. That’s the issue that MH investors, professionals, and MHI members must focus on. Where is the logic?  The solution to that is spelled out in this and linked reports.

As MHI asks the rank and file of the industry to support this or that cause, bill, or candidate, each industry member may be tempted to give the benefit of the doubt to the national association.

As one community-retail operation president told MHProNews, most people are too busy trying do their day-by-day operations to pay much attention to what may look complex.  So, they often work on trust, and that is an advantage that Warren Buffett and others apparently count on (see the resource links, after this article for quotes and more details).

So perhaps not enough industry pros are looking at the actual track record of MHI?

Because bills MHI claim to support, or positions they advocated for, have often proven to enrich or benefit a few, while harming or cutting off opportunities for the many.

Discovering that MHI track record of legislative failures doesn’t take much research.  Preserving Access is just one example of the disconnects between what MHI claims to want to do, and what leaders like Buffett, Smith and others actually are doing.

SupporterdByMHIVotedForDoddFrankSafeActDailyBusinessNewsMHProNews

It’s like supporting politicos with donations that have taken positions that the association claims to be against.  See the above.

While other’s in America are concerned about monopolies and how they harm different industries, by contrast, MHI prefers to deny it.

100YearsAgoTodayNationMonopoliesDailyBusinessNewsMHProNews

Manufactured housing isn’t alone. But other industries are bucking up in their respective industries.  Why isn’t MHI doing the same as MHARR, which has sounded this alarm? See concentration in manufactured housing in the pie shaped graphic, further below.

 

Warren’s War on Monopolies, Like Buffett’s

Senator Warren’s theme that antitrust can be used to protect small businesses, entrepreneurs, innovators, workers and just about everyone else from the ‘rich and powerful,’” averred the National Law Review, “shows that increasing antitrust enforcement has become a key party line for the upcoming” midterms, said the right-of-center New American.

I was very pleased that the entire Democratic caucus signed onto a statement of principle that urged stronger enforcement of antitrust laws as one of our promises to the American people.” Elizabeth Warren, The Nation.

In recent years,” according to the Democratic “Better Deal” platform, “antitrust regulators have been unable or unwilling to pursue complaints about anticompetitive conduct.”

It was a rare rebuke to Obama’s record, reflecting a shift in Democratic thinking on monopolization,” says the Nation, which cited Presidents Obama and Bush 43 as both being weak on antitrust (anti-monopoly) enforcement actions.

I believe in markets,” Senator Warren said. “But markets work only when everyone gets a fair opportunity to compete.”

Just look at the numbers: 

 

  • Four airlines control over 80 percent of domestic airline seats. 
  • Five health-insurance giants control over 80 percent of the health-insurance market. 
  • Three drugstore chains have 99 percent of the industry’s revenues.
  • Four companies control over 85 percent of America’s beef market.
  • Two giants sell over 70 percent of all beer in America.

That’s a big problem. It’s a problem because, when a few big players control an entire industry, it has devastating impacts on both the economy and our political system,” Senator Warren said.

Left, right, or center, those facts are hard to argue.

She didn’t say so, but using MHI’s own data:Warren Wages War, Senator Elizabeth Warren, Warren Buffett, Berkshire Hathaway, Manufactured Housing Institute, MHI, Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and Finance, VMF, Nathan Smith, SSK Communities, prior, former, MHI Chairman,

  • 3 companies control some 70 percent of manufactured housing.
  • If the Skyline – Champion deal goes through as expected, that will become some 75 percent market concentration in 3 companies.

Isn’t that the same pattern Senator Warren and others are expressing concerns about?

ManufacturedHomesMarketShareMHIMembersClaytonCavcoChampionDaiyBusinessNewsMHProNews

But it’s not just small-business owners who are forced to play a rigged game. When big companies control concentrated industries, as Bryce Covert makes clear in “Monopolies Harm Workers Too,” they can pay their employees less, because there aren’t other businesses around to make better offers,” said an editorial in the Nation, which cited Warren Buffett and Amazon’s Jeff Bezos and others among the new breed of modern monopolists they are concerned about.

The big fight now is to make the Justice Department and the [Federal Trade Commission] and other agencies use the tools they already have to protect competition. I’ll give you three steps that the federal government can take to revive competition: Block anticompetitive mergers; stop anticompetitive conduct; and prioritize protecting competition,” Senator Warren said.

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

 

Summing Up…

Senator Warren has declared war on those who are monopolists and who support changes to Dodd-Frank. She has also prepared for battle on S 2155, or any other attempts to roll back Dodd-Frank.

Warren Buffett has, per the Nation, declared a different kind of war to take dominate certain sectors, and that includes manufactured housing. “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning,” said Warren Buffett, per Good Reads.

Kevin Clayton, Warren Buffett’s CEO over Clayton Homes jokes about Buffett’s hating two kinds of competition, foreign and domestic.

The Atlantic predicted years ago what has been coming to pass in terms of Clayton/Berkshire dominance over manufactured housing. Clayton freely says in the video linked among the resources below that Buffett wants the moat expanded.  Clayton said Buffett is willing to lose money (they haven’t, but would he said) for 5 years, so long as the moat kept expanding.

Isn’t that a classic anti-competition statement? One Kevin Clayton made on camera, in a video?

The logic of this is simple, once you understand the Buffet/Clayton/MHI moat concepts.

So long as competition is being harmed, passing Preserving Access or not means little to Warren Buffett/Berkshire/Clayton; so long as the moat is growing.

MHI has been dominated for years by Clayton dues, and Berkshire Hathaway brands holding 2 of the 4 key board positions on their executive committee.

That’s also obvious from quotes above about Buffett’s support of Secretary Clinton and President Obama, not to mention the linked information below.

Eric Belsky at Harvard believed manufactured housing could dominate home building by the end of 2010; but what he apparently didn’t count on was Buffett and their “Moat,” and how those sharks in the water work.

So, what is Preserving Access all about?  Insider sources say, it is a distraction.  It postures an effort, which win, lose or draw, benefits Berkshire Hathaway’s ‘the moat’ strategy.

There are reasons why a number of state associations quit MHI.

Others that haven’t quit are sticking in, some sources have told MHProNews, because of the power of 21st over independents (see report, linked below).

21st sources have told MHProNews, that they do business with those guys (Rolfe’s RV Horizons, MHU et al), and late last year, Rolfe announced he would not comment any more on such industry issues.

But if Rolfe never said another word, or if he completely shifted his tune, what he’s already said about MHI, their failure to defend the industry from outside attacks, and their doomed to ail Preserving Access plan were and are devastating. What more needs be said?

 

Independents, Defense and Offense

There are perhaps steps that could be taken by individual retailers and communities.  It could logicaly start with something as easy as no longer supporting MHI.

But survival strategies must begin with an understanding and acceptance of the painful reality that the industry’s largest association – MHI – is, as the Manufactured Housing Association for Regulatory Reform (MHARR) said, working for the interests of a few conglomerates.

Independents, small to mid-sized players take note.  Once mighty Fleetwood retail finally failed, about the time that 21st sent out their ‘smoking gun’ letters (see resources, below).  The Fleetwood of today, and the Champion of today are rebirths of once giant companies that were bankrupted by forces that arguably included the Berkshire Hathaway onslaught.

With Buffett’s manufactured housing industry connected brands,

  • moves on subjects such as DTS,
  • their control or influence over much of the lending (21st, Vanderbilt Mortgage (VMF) and Wells Fargo,
  • their financial and political clout,

…the threat to independents must be seen as serious.

Even in the stable manufactured home community sector, if capital and lending are cut, the value of properties drops dramatically.

Consolidation has increased, according to MHI’s own data.  Forces across the left-right political divide are pointing to monopolistic practices, as key causes.

Will Democrats and some in the GOP, including President Trump and his administration work together to solve the crisis caused by what the Nation has called modern monopolistic forces?

That legal battle is one that manufactured home investors and professionals should consider. Because as this and other analysis have alleged and outlined, whatever happens on Preserving Access or other regulatory forces benefit Buffett’s brands, no matter what happens.

A growing chorus of voices from inside and outside of manufactured housing are saying that smaller businesses, workers, and Americans are paying the price for that kind of market power.

The Warrens have both declared war. Buffett on industry’s he seeks to dominate. Independents, workers and Americans are caught up in the smoke of war, in what Senator Warren, the 45th president, and others have called “a rigged system.” ## (News, analysis, and commentary.)

Related:

Manufactured Housing Institute (MHI) Asks Industry Members to Ask Senators to Support S 2155, Behind the Scenes Details

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

Frank Rolfe: Pressured into Silence? Manufactured Housing Industry, and Journalism

Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing

Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

Federal Manufactured Housing Program Review Comments Due Next Week, 2.26.2018

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH won’t reach 40,000 of that total. What happened?

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

GSE’s Duty to Serve MH Rigged, Benefits 21st, VMF, Clayton, Buffett’s Berkshire, Harming Consumers & Independents, per MH CEO, Calls for Congressional Investigation

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

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Senators Crapo (R-ID), Brown (D-OH) Debate S 2155, Plus MH Market Update$

March 7th, 2018 Comments off

CNNmoney3.7.2017ManufacturedHomeStocksMarketsReportsMHProNewsMaybe you’ve heard the old joke. ‘How can you tell when a politician isn’t telling the truth?’

The Left-Right Senators debate over S. 2155 is the spotlight focus for tonight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  •  Bitcoin plunges after SEC seeks to rein in cryptocurrencies
  • Why McDonald’s is flipping its arches for a day
  • Dow falls sharply after Gary Cohn resigns
  • You can’t legally drive these million dollar cars
  • Alexa is laughing at users and creeping them out
  • Take that New York. We’re going PACIFIC
  • Gary Cohn’s exit stokes fears Trump will fight a trade war
  • London risks losing its role as banker to the world
  • Trump presses for final tariffs plan
  • Driving Jaguar’s electric SUV
  • These are the top US exports
  • Tariffs could cost US thousands of jobs
  • Jack Daniel’s could be ‘victim’ of Trump tariffs
  • Icahn denies knowing about tariffs before selling stock
  • Broadcom: We’ll invest $1.5B to train US workers if deal clears scrutiny
  • NCAA surpasses $1 billion in revenue for first time
  • EU could hit US peanut butter and cranberries with tariffs
  • One by one, Goldman Sachs alums leave the White House
  • Wilbur Ross: We’ll do tariffs ‘without blowing up the world’
  • Legendary UK music magazine NME ends print edition
  • Saudi skies are now open to flights to Israel
  • Oprah dumped a quarter of her Weight Watchers stake
  • Samsung’s new smart TV is a tech chameleon
  • Why Wall Street loved Gary Cohn inside the White House
  • Airbus to shed 3,700 jobs across Europe

Selected headlines and bullets from Fox Business:

  • Wilbur Ross: US would eliminate tariffs if other countries did too
  • Trump tariffs are not a negotiating tactic: Mnuchin
  • Stocks come off lows triggered by Cohn resignation
  • Trump’s steel tariff will help Nucor expand, CEO says
  • Fed Beige Book: Tax overhaul is boosting US wages
  • Will Broadcom’s $1.5B offer help Qualcomm deal?
  • Gary Cohn and the meeting that may have ended his White House role
  • Coca-Cola to launch first alcoholic drink
  • Big East Commissioner: Student athletes are fairly compensated
  • Target raises minimum wage to $12, with hopes of hitting $15 by 2020
  • Could bitcoin become the next Swiss bank account?
  • SEC chairman fires this warning on cryptocurrencies: EXCLUSIVE
  • Bitcoin drops below $10,000 as SEC says exchanges must be registered
  • Tax reform windfall: These companies are hiking pay, delivering bonuses
  • Top reasons storms like today’s wintry nor’easter hurt airline profits

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

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

S&P 500 2,726.80 -1.32(-0.05%)

Dow 30 24,801.36 -82.76(-0.33%)

Nasdaq 7,396.65 +24.64(+0.33%)

Russell 2000 1,574.53 +12.33(+0.79%)

Crude Oil 61.35 -1.25(-2.00%)

Gold 1,326.30 -8.90(-0.67%)

Silver 16.50 -0.28(-1.69%)

EUR/USD 1.2411 -0.0009(-0.07%)

10-Yr Bond 2.88 +0.01(+0.21%)

9MarketIndicatorsYahooFinance3.7.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue3.7.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

The Daily Business News did a behind the scenes review of what isn’t being said about this bill in the new report, linked below.

Manufactured Housing Institute (MHI) Asks Industry Members to Ask Senators to Support S 2155, Behind the Scenes Details

But the talking points of the various sides is covered in this CSPAN video, posted below.

SenatorsCrapBrownDebate2155DailyBusinessNewsMHProNews

On a different note, a communities focused report is linked below.

Yes! Communities Latest Deal, Details Other News Sources Missed

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 3.7.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

(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.

POTUS Trump on Looming Trade War, Stock$ Rise, Plus MHMarket UPDate$

March 6th, 2018 Comments off

CNNmoney3.6.2017ManufacturedHomeStocksMarketsReportsMHProNewsJust in, Gary Cohn’s said to be heading out.

Tonight’s focus is once more on trade, tariffs, and macro-economic issues that impact the economy, and thus manufactured housing.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • Sorry, Hollywood. Netflix rules the media world
  • Take that New York. We’re going PACIFIC
  • Sign up for PACIFIC
  • Facebook robots may one day follow you around at home
  • Trump falls more than 200 spots on Forbes Billionaires List
  • The biggest thing Trump gets wrong on trade
  • BlackBerry sues Facebook for patent infringement
  • Target raises its minimum wage again
  • 11 tax deductions and other ways to cut your 2017 tax bill
  • Can you afford to buy a home in these 50 cities?
  • Pick the right medical provider and you can get cash back
  • The financial impact of winning (and losing) the birth lottery
  • Brexit could hurt UK car industry’s electric dreams
  • Craft breweries fear Trump’s tariffs will doom the boom
  • Trump’s relationship with big biz hits speed bump
  • Wall Street is on edge about tariffs
  • Sam Nunberg goes dark after spectacular meltdown
  • Target raises its minimum wage again

 

elected headlines and bullets from Fox Business:

  • SEC chairman fires this warning on cryptocurrencies: EXCLUSIVE
  • Broadcom-Qualcomm deal: Why US is intervening
  • Trump tariffs fire up CEOs who ready lobbying fight
  • Stocks edge higher after tariff opposition
  • Amazon CEO Jeff Bezos tops Forbes billionaire list; Trump slides again
  • CVS’s $44B bond sale to help pay for Aetna deal
  • Sam Nunberg will seek treatment: Charlie Gasparino
  • McDonald’s changes burgers, rolls out fresh beef patties[overlay type]FOOD AND BEVERAGE
  • McDonald’s changes burgers, rolls out fresh beef patties
  • Amazon vs. Walmart: all-out grocery war is on
  • Tax reform: No noticeable paycheck changes? Here’s why
  • Retail Apocalypse: 23 big retailers closing stores
  • US retirement danger: American savings patterns inadequate, study
  • Car tariffs would hurt US jobs, BMW CEO says
  • Opioid overdose for children can be fatal: Dr. Siegel

 

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

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

S&P 500 2,728.12 +7.18(+0.26%)

Dow 30 24,884.12 +9.36(+0.04%)

Nasdaq 7,372.01 +41.30(+0.56%)

Russell 2000 1,562.20 +16.16(+1.04%)

Crude Oil 62.31 -0.26(-0.42%)

Gold 1,335.50 +15.60(+1.18%)

Silver 16.77 +0.36(+2.21%)

EUR/USD 1.2406 +0.0072(+0.58%)

10-Yr Bond 2.88 -0.00(-0.14%)

9MarketIndicatorsYahooFinance3.6.2017DailyBusiness

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue3.6.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Trump: ‘The trade war hurts them, it doesn’t hurt us’

·        President Donald Trump says trade wars hurt America’s opponents, not the United States.

·        “When we’re down by $30 billion, $40 billion, $60 billion, $100 billion, the trade war hurts them, it doesn’t hurt us,” Trump says.

·        “When we’re behind on every single country, trade wars aren’t so bad,” says the president, incorrectly suggesting that the United States has a trade deficit with “every single country.”

 

 

Gary Cohn’s role and position on trade.

It will be interesting to what the market’s do in response to this tomorrow…

 

 POTUSTrumpEUTradeWarDailyBusinessNewsMHProNews

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

3.6.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

(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.

Homebuilders in Correction Territory, Buy Pullback, or Not? Plus MH Market UPdate$

March 5th, 2018 Comments off

CNNmoney3.5.2017ManufacturedHomeStocksMarketsReportsMHProNewsRegular manufactured housing Daily Business News market update readers need to keep this in mind — a report we quote isn’t the same as an endorsement.

That said, the video discussion on the housing builders’ correction below is meant to spark thought, as to what these market moves could mean for manufactured housing.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • Martin Shkreli must forfeit $7.4 million, including infamous Wu Tang album
  • Stocks soar as trade war fears ease
  • Oscars get lowest ratings in show’s history
  • United tried to replace bonuses with a $100,000 lottery
  • Tech companies take the FCC to court over net neutrality
  • A Trump trade war would hit red states hard
  • Bentley reveals first plugin vehicle
  • Amazon wants to be your bank too?
  • Walmart is bringing meal kits to thousands of stores
  • ESPN’s new boss is Disney executive James Pitaro
  • Five changes that would improve Oscar ratings
  • The ’emotional tax’ afflicting women of color at work
  • Why Italy won’t get the universal income it was promised
  • US delays Qualcomm board meeting to review Broadcom bid
  • Oscars winners list is still a boys club
  • This Indian airport will fly you to the terminal for $65
  • Young Dreamers determined to go to college
  • What’s an inclusion rider? What Frances McDormand meant
  • This college tax credit saved the typical American family $2,277
  • Crackdown fears force Indian cryptocurrency exchanges to close
  • Are stock buybacks deepening America’s inequality?
  • China’s global trade plan is piling huge debt on smaller nations
  • Jimmy Kimmel roasts Weinstein and pays tribute to Time’s Up
  • Here’s what corporate America is saying about Trump’s tariffs

 

elected headlines and bullets from Fox Business:

  • Dow surges 337 points as Trump tweet eases trade worries
  • Trump tariff: President says he’s not ‘backing down’
  • Trump: Tariffs on Canada, Mexico removed if new NAFTA deal reached
  • Trump tariff on steel and aluminum: winners and losers
  • United Airlines bonus program on ‘pause’ after worker outcry
  • US oil production will lead world by 2023: IEA
  • Shkreli must forfeit $7.36M in assets that may include Picasso, Wu-Tang Clan album
  • Retail Apocalypse: 23 big retailers closing stores
  • Walmart is now in the meal kit business, rocking rivals
  • Millennials scammed more than boomers, silent generation in 2017
  • Gasoline prices at the pump spike in 25 states: AAA
  • Tax reform: No noticeable paycheck changes? Here’s why
  • PayPal files bitcoin-related patent that could speed transactions

 

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

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. 

Reports, Reflections on Media Tilt, Bias, Ignorance, and Manufactured Housing

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

S&P 500 2,720.94 +29.69(+1.10%)

Dow 30 24,874.76 +336.70(+1.37%)

Nasdaq 7,330.70 +72.84(+1.00%)

Russell 2000 1,546.05 +12.88(+0.84%)

Crude Oil 62.60 +1.35(+2.20%)

Gold 1,320.60 -2.80(-0.21%)

Silver 16.44 -0.03(-0.16%)

EUR/USD 1.2334 +0.0017(+0.14%)

10-Yr Bond 2.88 +0.02(+0.84%)

9MarketIndicatorsYahooFinance3.5.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue3.5.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

After a stellar performance in 2017, the home construction ETF (ITB) is in correction territory, but one technician believes this might just be your best time to buy the group,” says CNBC’s Trading Nation.

We’ve corrected right back to a good identifiable support, the 200-day moving average,” Craig Johnson, a senior technical research analyst at Piper Jaffray, said bet on a comeback for homebuilders. “I suspect that’s the spot where perhaps a little bit more rational thinking comes in and we see a bit of a relief rally or perhaps more start to unfold.”

 

But there are other views, besides the these.  MHProNews recently spotlighted concerns by the NAR, which is linked below.

“Starting” Dip in Home Sales, New Crisis Says Housing Experts

These could – in theory – be reasons for manufactured housing to cheer.  But an MHI only member builder told MHProNews today something the Daily Business News has noted before. If you subtract out homes being sold by producers going into communities, mostly as rentals, the industry remains flat.

‘Over Target’ Reactions, WHA Exec (ret) Ross Kinzler, Won’t Defend MHI Policies & Points to Prior MHI Failure

It’s a vote of no confidence in the ‘leadership’ being shown in Arlington, which is busy cheer-leading instead of problem solving, says another MH production source.

It today’s closing numbers indicate some manufactured home producers are at or near 12 month highs.  That doesn’t disprove the MHI member producer’s concern, but it is a reminder that at least for now, there is growth.

Tomorrow, the January 2018 HUD Code housing production report is expected. Stay tuned.

 

 TroubleHomeFrontTradingNationHomebuildingETFsInCorrection

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

BloombergManufacturedHousingIndustryConnectedMarketsReportsDailyBusinessNewsMHProNews 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

(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.

MHPros Sound off on Steel Deal, Wilbur Ross Reacts to Controversy, Plus MH Market UPdate$

March 2nd, 2018 Comments off

CNNmoney3.2.2017ManufacturedHomeStocksMarketsReportsMHProNewsThe final report tonight will also be on steel, and will contain expert insights from manufactured housing producers. Commerce Secretary Wilbur Ross is responding in tonight’s video clip to the concerns coming often from Republican sources, as a number of Democrats are happy about the tariff announcements.

That will be tonight’s market focus.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • BlackRock turns up the pressure on gun makers
  • Trump hasn’t tweeted about the stock market in 23 days
  • White House lauded US record with WTO, which Trump now calls a ‘disaster’
  • America’s allies are really angry about Trump tariffs
  • Why you’ll see fewer ads on NBC this fall
  • Is your paycheck being taxed enough? Check the new IRS calculator
  • Silvio Berlusconi’s comeback won’t fix the Italian economy
  • How to save money on the biggest expenses in your budget
  • JCPenney cuts more jobs, capping off a gloomy week for retailers
  • ClassPass changes its business model — again
  • This Chinese investor wants to dump Hilton hotels
  • Why Delta and Atlanta need each other
  • Toyota will invest billions in new self-driving car company
  • The Weinstein Company strikes a $500 million deal
  • Delta CEO: We support the 2nd Amendment
  • L. Bean raises minimum age for gun purchases to 21
  • Venezuela hikes its minimum wage again — to just over $6
  • Treasury blocks footage of hecklers at Mnuchin interview
  • Fox News exec who wrote controversial Olympics column out at network
  • Plan to end rule that allows spouses of H-1B holders to work is delayed
  • Equifax: Hackers stole more than we said
  • A suspected Russian troll in the US tries to erase her past
  • Kroger stores won’t sell to anyone under 21

 

Selected headlines and bullets from Fox Business:

  • Kudlow and Moore call for Trump to retract tariffs
  • Trump tariff on steel and aluminum: winners and losers
  • Trump tariff allows Century Aluminum to hire hundreds: CEO
  • Trump’s tariff on steel, aluminum defended by Wilbur Ross as pro-jobs
  • Trump tariff will protect jobs, Jupiter Aluminum executive says
  • Stocks claw back as trade concerns ease
  • Delta, steadfast in NRA decision, will keep HQ in Atlanta
  • Massive storm forces hundreds of flights to be canceled
  • Raising gun sale age will trigger litigation at state level: ex-Attorney General Gonzales
  • Bank of England chief: Cryptocurrencies are ‘failing’
  • Tax reform: New Jersey Natural Gas cuts rates, pays out one-time refunds
  • NCAA should pay college athletes, Kentucky governor says
  • Should investors start preparing their portfolios for a bear market?
  • McDonald’s Big Mac record holder on pace to eat 30,000 by May
  • US debt will exceed the size of economy within a decade: study

 

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

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

S&P 500 2,691.25 +13.58(+0.51%)

Dow 30 24,538.06 -70.92(-0.29%)

Nasdaq 7,257.87 +77.31(+1.08%)

Russell 2000 1,533.17 +25.78(+1.71%)

Crude Oil 61.45 +0.46(+0.75%)

Gold 1,323.70 +18.50(+1.42%)

Silver 16.53 +0.26(+1.59%)

EUR/USD 1.2317 +0.0044(+0.36%)

10-Yr Bond 2.857 +0.053(+1.89%)

9MarketIndicatorsYahooFinance3.2.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue3.2.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

U.S. Commerce Secretary Wilbur Ross sounded off today on the Trump administration’s plans to impose tariffs on aluminum and steel and the state of the markets.

One topic that hasn’t gotten a lot of attention is that on July 15, 1959, there were 500,000 members of the United Steel Workers. Today, the entire U.S. steel industry employs about down by some 70 percent from that total.

White House National Trade Council Director Peter Navarro on the potential impact of the U.S. imposing tariffs on aluminum and steel imports.

Yesterday’s related report is linked below.

Controversial Trump Tariff$ Announcement, Century Aluminum CEO Explains the Facts, Plus MH Market UPdate$

There will be a final report tonight that includes facts and figures from some HUD Code production sources in the industry.

 

SteelStocksCommerceSecretaryWilburRossDailyBusinessNewsMHProNews550

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 3.2.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

(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.

Controversial Trump Tariff$ Announcement, Century Aluminum CEO Explains the Facts, Plus MH Market UPdate$

March 1st, 2018 Comments off

CNNmoney3.1.2017ManufacturedHomeStocksMarketsReportsMHProNewsTo say that President Donald J. Trump’s announcement of tariffs have roiled voices across the political spectrum would be an understatement, which will be part of our market focus tonight. 

There’s more to this than may initially meet the eye, as an expert explain.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

 

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • Fed’s Powell sees ‘no evidence’ the US economy is overheating
  • Is your paycheck being taxed enough? Check the new IRS calculator
  • Equifax says hackers stole more than previously reported
  • Bill Ackman’s Herbalife disaster is finally over
  • Jaguar reveals electric SUV
  • EU gives tech companies 1 hour to remove terrorist content
  • Boeing is the hottest stock in the Dow. Again
  • People with pre-existing conditions could face tough times ahead
  • The US needs to do a better job training its workers. Here’s how
  • Twitter wants help measuring its “health”
  • KFC is still getting slammed by menu snafu
  • Italy’s economy is still stuck in 1st gear
  • Microsoft is buying solar energy from Singapore rooftops
  • Brexit dream of ‘frictionless’ trade with EU is dying
  • China has found a new way to block banned words
  • ExxonMobil drops out of Russian joint venture due to sanctions
  • A suspected Russian troll in the U.S. tries to erase her past

 

Selected headlines and bullets from Fox Business:

  • Dow falls into negative territory for year on Trump tariff plan
  • Steel companies rally while Caterpillar declines on prospect of new levies
  • US weekly jobless claims drop to lowest level since 1969
  • Wells Fargo wealth management draws DOJ attention: report
  • Elizabeth Warren grills Fed’s Powell on Wells Fargo abuses
  • Mueller’s Russia Trump probe scrutinizes spring 2015 before decision to run
  • Georgia threatening Delta over cutting its NRA ties defended by Texas AG
  • Trump demeanor a Koch donor network topic of concern
  • Best Buy to shut down 250 mobile stores across the US
  • Michigan man wins lottery three times in one day
  • com probed by SEC over cryptocurrency; shares drop
  • Kohl’s to bring supermarket chain Aldi to stores in pilot test
  • Country star Craig Morgan turns to woodworking business after heartbreak
  • McDonald’s Big Mac record holder on pace to eat 30,000 by May
  • Is heavyweight boxing headed for a resurgence?

 

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

Reports, Reflections on Media Tilt, Bias, Ignorance, and Manufactured Housing

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

S&P 500 2,677.67 -36.16(-1.33%)

Dow 30 24,608.98 -420.22(-1.68%)

Nasdaq 7,180.56 -92.45(-1.27%)

Russell 2000 1,507.39 -5.06(-0.33%)

Crude Oil 61.34 -0.30(-0.49%)

Gold 1,317.70 -0.20(-0.02%)

Silver 16.47 +0.14(+0.86%)

EUR/USD 1.2265 +0.0073(+0.60%)

10-Yr Bond 2.804 -0.064(-2.23%)

9MarketIndicatorsYahooFinance3.1.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue3.1.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Trump’s tariffs allow us to invest $100 million and hire hundreds: Century Aluminum CEO, Says CNBC.

·        Trump’s new tariffs won’t wind up hitting consumers’ wallets, but they will bring jobs back, Century Aluminum CEO Michael Bless says.

·        Trump says the U.S. will impose a 25 percent tariff for steel and a 10 percent tariff for aluminum as early as next week.

·        Bless says the decision will allow his company to bring back 150,000 tons of production in its Kentucky plant.

 

From the White House Press Room to the Daily Business News…

President Donald Trump’s new steel and aluminum tariffs won’t wind up hitting consumers’ wallets but they will benefit “devastated” communities by bringing jobs back, Century Aluminum CEO Michael Bless told CNBC on Thursday.

The big picture: America’s resurgent economy 
Inside the Beltway, people often forget that what matters most to ordinary Americans is results. And recent news showing surging small-business and consumer confidence, near record low unemployment claims, and expectations of continued economic momentum is good news for U.S. workers and their families.

A few headlines paint the picture:

  • US Consumer Confidence Rises to Highest Level Since 2000 (The Associated Press)
  • Record Number of U.S. Small-Business Owners Say It’s a Good Time to Expand (Bloomberg)
  • U.S. Jobless Claims near 45-Year Low as Economic Outlook Brightens (Reuters)
  • Fed Thinks the Economy Has Momentum, Thanks Partly to Tax Cuts, Global Growth (Washington Examiner)

After 8 years of a presidential administration not taking economic growth seriously enough, President Trump has committed to an agenda that puts U.S. workers and businesses first.

 

 

 

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 3.1.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

(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.

Skyline and Champion 30 Day Snapshot, Plus Manufactured Housing Market UPdate$

February 28th, 2018 Comments off

CNNmoney2.28.2017ManufacturedHomeStocksMarketsReportsMHProNewsOn 1.26.2018, Skyline Corporation (SKY) manufactured homes stock closed at 23.30. Today, about 1 month later, the stock closed at 21.39.  But that doesn’t tell the full tale of what’s trending with investors in the stock, which will be our focus report for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

 

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • February was an insane month for the stock market
  • USA Today publishes op-ed by InfoWars conspiracy theorist
  • Weight Watchers (and Oprah) are winning the diet war
  • The fate of ‘Fearless Girl’ will be decided next week
  • #MeToo pushes 48% of companies to review pay policies
  • The new Walmart customer: Higher-end and digital-savvy
  • Fox buries unflattering story for Trump White House…again
  • Pizza Hut replaces Papa John’s as the NFL’s official sponsor
  • Is it really necessary to pay a financial adviser?
  • India’s mobile price war just claimed another victim
  • There’s no easy way to take sides in polarized America
  • Tens of thousands of Medicaid recipients don’t pay their premiums
  • iQiyi, the Netflix of China, is going public in the US
  • Papa John’s is ending its NFL sponsorship
  • Cronos, a marijuana producer, starts trading on the Nasdaq
  • Uber’s leadership guru leaves after less than a year
  • Johnnie Walker is being replaced by Jane

 

Selected headlines and bullets from Fox Business:

  • Dow loses 381 points as stocks shed early gains
  • Dick’s Sporting Goods violating civil rights laws?
  • GDP fourth-quarter growth revised down to 2.5%
  • Oil prices fall on increase in US supply
  • IRS unveils tax calculator: Does your W-4 need to be updated?
  • Georgia threatening Delta over cutting its NRA ties defended by Texas AG
  • Spotify files for IPO
  • Herbalife climbs after Ackman says Pershing exiting short
  • NFL gets Pizza Hut to replace Papa John’s as official pizza sponsor
  • NFL’s Richard Sherman embraces bitcoin, blockchain
  • ‘Cinderella diet’ push for low BMI fuels eating disorders, Dr. Mike warns

 

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

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

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

S&P 500 2,713.83 -30.45(-1.11%)

Dow 30 25,029.20 -380.83(-1.50%)

Nasdaq 7,273.01 -57.35(-0.78%)

Russell 2000 1,512.45 -24.03(-1.56%)

Crude Oil 61.52 -1.49(-2.36%)

Gold 1,319.40 +0.80(+0.06%)

Silver 16.42 -0.02(-0.12%)

EUR/USD 1.2195 -0.0038(-0.31%)

10-Yr Bond 2.87 -0.04(-1.38%)

9MarketIndicatorsYahooFinance2.28.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue2.28.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Champion once was publicly traded, went private and is not yet again being publicly traded, pending their deal. So the report below focuses on data reported on Skyline Corporation recently.

Skyline Corp, Champion Homebuilders Conference Call Presentation Facts, Figures, Forward-Looking Statements, Planned Merger Detail$

While some of the decline in the past 30 days for Skyline may be due to the roller coaster ride of the markets during February, there are also indicators that investor sentiment is not at the high-pitched level it was immediately following the Skyline Champion merger announcement.

What’s Happened Since the Skyline (SKY) Champion Homes Deal Was Announced? Plus MH Market Update$

That said, there are filings that are positive for the company too.

Just hours ago, on February 28, 2018, according to Winifred Garcia, with the Norman Observer, the following was reported.

  • Robotti Robert increased its stake in Skyline Corp (SKY) by 51.16% based on its latest 2017Q3 regulatory filing with the SEC. Robotti Robert bought 39,022 shares as the company’s stock declined 50.77% while stock markets rallied.
  • The institutional investor held 115,300 shares of the homebuilding company at the end of 2017Q3, valued at $1.39M, up from 76,278 at the end of the previous reported quarter.
  • Robotti Robert who had been investing in Skyline Corp for a number of months, seems to be bullish on the $183.57M market cap company. The stock increased 2.95% or $0.63 during the last trading session, reaching $21.88. About 65,465 shares traded.

 

  • Skyline Corporation (NYSEMKT:SKY) has declined 38.06% since February 28, 2017 and is downtrending. It has underperformed by 54.76% the S&P500.

 

  • Gabelli Funds Ltd Liability Company holds 0.01% of its portfolio in Skyline Corporation (NYSEAMERICAN:SKY) for 185,990 shares. Gsa Cap Prtn Limited Liability Partnership has invested 0.02% in Skyline Corporation (NYSEAMERICAN:SKY).
  • Thompson Davis & Communication Inc holds 0.02% or 750 shares in its portfolio.
  • NJ State Employees Deferred Compensation Plan has 24,000 shares.
  • Venator Cap Limited invested in 352,132 shares or 4.4% of the stock.
  • Geode Cap Management Ltd Liability has 0% invested in Skyline Corporation (NYSEAMERICAN:SKY).
  • Gendell Jeffrey L stated it has 1.09% of its portfolio in Skyline Corporation (NYSEAMERICAN:SKY).
  • Blackrock has 0% invested in Skyline Corporation (NYSEAMERICAN:SKY) for 200,964 shares.
  • Dimensional Fund Advsr Limited Partnership holds 0% or 277,315 shares in its portfolio.
  • Gamco Investors Et Al invested 0.03% in Skyline Corporation (NYSEAMERICAN:SKY).
  • JPMorgan Chase owns 1,283 shares.
  • Teton Advisors holds 90,172 shares or 0.1% of its portfolio.
  • Quantum Capital Mgmt owns 43,273 shares.
  • Price T Rowe Incorporated Md holds 16,847 shares.

Since January 5, 2018, it had 1 [insider] buy, and 0 selling transactions for $831,711 activity.

On 1.26.2018, Skyline Corporation (SKY) manufactured homes stock closed at 23.30. Today, about 1 month later, the stock closed at 21.39. But that doesn’t tell the full tale of what’s trending with investors in the stock, which will be our focus report for this evening.

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

Profitable Insight$ – POTU$ Trump Effect on MH Stock$ at 1 Year, Part 4

Suppliers LPX, Patrick, Manufactured Home Builders Nobility, Skyline Homes – the Trump Effect on MH Stocks, Markets Part 3

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

2.28.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

“We Provide, You Decide.” © ## (News, Analysis.)

(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.

Silverton Mortgage Announces Acquisition by Berkshire Hathaway’s Vanderbilt Mortgage and Finance, Plus MH Market UPdates

February 27th, 2018 Comments off

CNNmoney2.27.2017ManufacturedHomeStocksMarketsReportsMHProNewsThe pre-announced move in Warren Buffett’s annual letter of Berkshire Hathaway deeper into the housing market was already realized today, as Cobb Business Journal announced that “Silverton Mortgage Specialists Inc., with three locations in Cobb County, announced that it has signed a definitive agreement to join the Berkshire Hathaway family of companies through an acquisition by Vanderbilt Mortgage and Finance Inc.”

 

That will be our spotlight focus this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • Fed’s Powell is confident ‘good years’ are ahead for U.S. economy
  • NRA-Delta spat could hurt Atlanta’s bid for Amazon HQ2
  • Wells Fargo accused of preying on black and Latino homebuyers in California
  • Microsoft argues Congress should decide data privacy case
  • Starbucks opens its first Reserve store in Seattle
  • YouTube restores ads on Logan Paul’s videos after suspension
  • Amazon is already trying to disrupt health care
  • Do you pay estimated taxes? What you need to know under the new tax law
  • Macy’s is back! Stock soars on solid sales
  • Consumer confidence hasn’t been this high since 2000
  • Virginia and New York tell Delta: You’re welcome here
  • People have donated $775,000 to help kids see ‘Black Panther’
  • Hyundai reveals electric SUV
  • Sam’s Club enters the same-day grocery delivery wars
  • Disney spending $2.4 billion on Disneyland Paris
  • Norway’s $1 trillion fund is still buying stocks
  • India’s biggest bank scam could swell to $2 billion
  • Meet the Mueller Risk Index, Wall Street’s newest fear gauge
  • Netflix targets Arabic market with new original series
  • As economy heats up, job sites compete to find talent
  • Johnnie Walker is being replaced by Jane
  • Hospitals offer bank loans, but patients should think twice
  • Germany’s top court allowing diesel bans in city centers

Selected headlines and bullets from Fox Business:

  • S Stocks slide as specter of four rate hikes looms
  • Stocks retreated after Fed Chair Jerome Powell’s testimony on Capitol Hill.
  • San Francisco is the ‘hardest working’ city in America: study
  • Toll Brothers profit jumps 87.6 pct
  • S. to overtake Russia as world’s biggest oil producer by 2019 latest: IEA
  • Trump wins big discount from Boeing for new Air Force One planes
  • Microsoft clashes with Justice Department at U.S. Supreme Court
  • Medicare beneficiaries with higher incomes to foot bigger share of costs
  • Salaries of a quarter-million federal workers kept secret: website
  • Starbucks’ Howard Schultz: Trump’s tax cuts ‘robbing from the future of young people’
  • NRA backlash: These are the companies cutting ties
  • Fed chairman says strong economy could mean more aggressive rate hikes

 

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

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

S&P 500 2,744.28 -35.32(-1.27%)

Dow 30 25,410.03 -299.24(-1.16%)

Nasdaq 7,330.35 -91.11(-1.23%)

Russell 2000 1,536.47 -22.86(-1.47%)

Crude Oil 62.89 -1.02(-1.60%)

Gold 1,319.60 -13.20(-0.99%)

Silver 16.42 -0.20(-1.19%)

EUR/USD 1.2227 -0.0087(-0.70%)

10-Yr Bond 2.908 +0.049(+1.71%

9MarketIndicatorsYahooFinance2.27.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue2.27.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

There could be several reasons why the Manufactured Housing Institute (MHI) in their HUD Comments letter have noted FHA Title I and Title II lending, as did MHProNews and MHLivingNews.  Certianly, among the possibilities, is the just announced acquisition of Silverton by Berkshire Hathaway owned, VMF.

It is anticipated that this strategic transaction will enable Silverton Mortgage to continue its rapid growth as a national home lender while retaining its name, leadership, employees and corporate identity following the transaction. It is also anticipated that, as a result of this transaction, Silverton Mortgage will expand its footprint and increase its access to capital to develop an expanded line of products and services for its clients. There will be no lapses in service for borrowers currently working with the company,” per Cobb.

While we were not actively looking to be acquired, we are grateful for this opportunity to expand our services, both in terms of geographic footprint and loan product offerings, while keeping our identity and the great people that have built our culture of unparalleled service to our customers and communities,” said Josh Moffitt.  He will remain the president and CEO of Silverton Mortgage. “This is a unique opportunity to keep what makes Silverton special, while also improving the service and lives of our customers and employees.”  The Silverton website lists several types of home loan products, including FHA, VA, USDA, and conventional.

Does or will Fannie or Freddie products figure into the mix?  There is no clarity on that at this time.

Founded in 1998, with just two employees working from an Atlanta bedroom, Silverton Mortgage has grown to more than 170 employees operating across 12 states and Washington, D.C.,” states Cobb.

The business was listed among the Best Places to Work by the Atlanta Business Chronicle in 2016 and 2017.  Also a Top Workplaces by the Atlanta Journal Constitution in 2016.  Moffitt has been recognized among the nation’s top mortgage leaders in Mortgage Professional America’s Hot 100 in 2015 and 2018.  Those are natural fits for the Berkshire philosophy of buying quality. 

Upon completion of the transaction, Silverton Mortgage expects to build upon its customer service focus, which averages a more than 98-percent satisfaction rating from clients and real estate agents. Silverton Mortgage will add the ability retain loans for servicing throughout the life of a loan, from application until the buyer pays off the mortgage or sells the home,” stated the report.

EricHamiltonVanderbiltMortgageFinancePhotoCreditLinkedinDailyBusinessNewsMHProNews

Eric Hamilton Vanderbilt Mortgage Finance (VMF), photo credit, LinkedIn.

Silverton Mortgage shares our commitment to providing a world class experience for customers and team members,” said Eric Hamilton, who is the President of Vanderbilt Mortgage and Finance Inc. “They are an excellent fit for our culture, and we are happy to welcome them to our family.”

Vanderbilt Mortgage has offered financing for manufactured and modular homes for about 4 decades. They say that their company currently services over 200,000 loans and has expanded its services to offer financing for eScore energy efficient home improvement.

Vanderbilt’s resources give us the opportunity to continue building on the service that has made us a leader in the mortgage industry and a mainstay on rankings for best places to work,” Moffitt said.

The final transaction remains subject to state and federal licensing approval, as is usual in such scenarios.

 

 

 VanderbiltMortageFinanceBerkshireHathawaySilvertonMortgageDailyBusinessNewsMHProNews550

 

Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing

Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

http://www.mhpronews.com/blogs/daily-business-news/field-reports-clayton-to-continue-push-for-industry-dominance/

Controversial! Vanderbilt Mortgage (VMF) Creates News Manufactured Home Community Lending Program, MH Market Updates

Vanderbilt, 21st Mortgage, “Easy Manufactured Home Loans,” GSEs and Manufactured Home Industry Lending Updates

http://www.mhpronews.com/blogs/daily-business-news/zero-down-payment-not-land-in-lieu-manufactured-home-chattel-lending-program/

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

Profitable Insight$ – POTU$ Trump Effect on MH Stock$ at 1 Year, Part 4

Suppliers LPX, Patrick, Manufactured Home Builders Nobility, Skyline Homes – the Trump Effect on MH Stocks, Markets Part 3

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 2.27.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

“We Provide, You Decide.” © ## (News, Analysis.)

(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.

 

 

 

HUD Reg Review Could Yield Housing, Econ Boom; Plus MH Market UPdate$

February 26th, 2018 Comments off

CNNmoney2.26.2017ManufacturedHomeStocksMarketsReportsMHProNewsYou don’t have to spend a lot of time on regulatory comments, if you still want to get them in tonight by 11:59 PM.  The TMHA’s comments are brief, and one of several examples, linked further below.

Recent research by the Daily Business News reveals that the HUD Comments could be a pathway to opening up 1 to 2 trillion dollars a year in new economic activity; that’s on top of the economic growth that the Trump Administration’s regulatory reforms and tax cuts have sparked.  Those will be tonight’s feature.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

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

Selected headlines and bullets from CNN Money:

  • Wall Street has more questions on guns
  • Aston Martin is considering an IPO
  • What pregnancy means for top female athletes
  • Disney donates $1 million of ‘Black Panther’ profit
  • Warren Buffett says he could buy an entire airline
  • A year later, NAFTA is still alive
  • What is a customs union?
  • Warren Buffett’s health care effort may open up to others
  • 9 million fewer people will be insured in 2019
  • Kylie Jenner is back on Snapchat
  • Weinstein Company says it will file for bankruptcy
  • The banana phone is back! There’s a new Nokia 8110
  • Problem with rising rates: Corporate America has binged on debt
  • Supreme Court to hear high-stakes Microsoft case
  • BOSS FILES
  • Bank of America exec: ‘Hippie’ turned vice chairman
  • Why 3% is the scariest number for stocks
  • GE warns restated results will shrink 2016 and 2017 profits
  • How Buffett beat the hedge funds
  • As DACA debate continues, these Dreamers are saving lives
  • Bank of America wants to talk to its customers who make guns
  • Berkshire got a $29 billion gift from new tax code
  • NBC’s $12 billion investment in Olympics is looking riskier
  • Kylie Jenner curse? Snapchat faces its defining moment

 

Selected headlines and bullets from Fox Business:

  • Stock markets climb on sinking Treasury yields
  • Salaries of a quarter-million federal workers kept secret: website
  • Tax code boosts business, but health care system a headwind: Buffett
  • Avoid Amazon, Dennis Gartman says while admitting a wrong call on stocks
  • Tax season stress: Here’s what Americans would rather do than prepare their taxes
  • Fed’s Bullard says ‘substantially’ higher rates risk overly tight policy
  • Warren Buffett: Don’t think Berkshire should say we’re not going to do business with people who own guns
  • Mobile World Congress: 3 smartphones to watch
  • Supreme Court case could cripple public sector labor unions
  • ‘Pharma Bro’ Martin Shkreli could face longer jail sentence after judge finds him liable for $10M in losses
  • BlackRock, State Street to talk to gun makers in wake of Florida shootings
  • Bernie Sanders rips Trump tax cuts in Michigan
  • California should not be pulling away from our constitutional republic: Varney

 

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

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

S&P 500 2,779.60 +32.30(+1.18%)

Dow 30 25,709.27 +399.28(+1.58%)

Nasdaq 7,421.46 +84.07(+1.15%)

Russell 2000 1,559.33 +10.15(+0.65%)

Crude Oil 64.04 +0.49(+0.77%)

Gold 1,335.00 +4.70(+0.35%)

Silver 16.60 +0.12(+0.73%)

EUR/USD 1.2319 +0.0025(+0.20%)

10-Yr Bond 2.86 -0.01(-0.42%)

9MarketIndicatorsYahooFinance2.26.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

YahooFinanceManufacturedHousingCompValue2.26.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Tonight’s focus will be short and sweet. Why?  If you are feeling that last minute need to sound off, the linked comments below could inspired your own. 

You can send regulatory comments via email to the link below.

https://www.regulations.gov/comment?D=HUD-2018-0006-0001

Examples of recent comments: 

Comments as submitted by Soheyla Kovach, MD

Comprehensive Comments from MHARR.

Comments from the TMHA.

Comments from L. A. “Tony’ Kovach.

 

How HUD enforcing their enhanced preemption, using Title I and Title II in a robust fashion, and making other regulatory reforms suggested in the linked comments above could unleash some 2 trillion a year in new economic activity. Who said? The Obama Admin…

YIMBY vs. NIMBY, Obama Admin Concept Could Unlock $1.95 Trillion Annually, HUD & MH Impact

 

ValuableWordsCommentaryDailyBusinessNewsMHProNews

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

Profitable Insight$ – POTU$ Trump Effect on MH Stock$ at 1 Year, Part 4

Suppliers LPX, Patrick, Manufactured Home Builders Nobility, Skyline Homes – the Trump Effect on MH Stocks, Markets Part 3

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

2.26.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

“We Provide, You Decide.” © ## (News, Analysis.)

(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.