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“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

July 5th, 2018 Comments off

RichardGenzWhyAdvocatesNeedRethinkManufacturedHomeQualityHarvardGSEHighSatisfactionDailyBusinessNewsMHProNews

There are those who slam manufactured housing as being less expensive due to inferior quality. But a “Harvard study refutes that, labeling as “exaggerated” the “concerns about the difference between manufactured homes…and [homes] built to applicable local building codes” (Vermeer and Louie 1995, section IV, 2). The study found that code standards have little to do with manufactured housing’s price advantage.”

 

So wrote Richard Genz in a 22 page research report on manufactured homes for a foundation for a Government Sponsored Enterprise (GSE).

The document also stated that:

Housing advocates might find it surprising to walk through a couple of new homes at a dealer’s lot, keeping the monthly payment in mind and mentally comparing the local rental stock available for the same price. Interiors have good light. Insulation standards are solid. Floor plans have come a long way from the time when residents said that living in a mobile home was like living in a hallway.”

RichardGenzManufacturedHousingIndustryDailyBusinessNewsMHproNewsWhy take a flashback look now at the 2001 report by Richard Genz for Housing & Community Insight?

Because the report was done for the Fannie Mae Foundation.

It cited sources such as Harvard, Foremost Insurance – plus other third-party, often peer-reviewed – researchers.

While some of the data points have shifted since Genz penned them, it has generally been improvements in the manufactured home product quality, as the Manufactured Housing Improvement Act of 2000 standards have fully kicked in since Genz published his insightful work.

It’s equally valid to review this now, given the arguable short-shrift Fannie Mae has been giving to the legally mandated Duty to Serve (DTS) implementation. Compare what Genz said then, vs. what Sarah Edelman recently wrote. That linked report below, which includes Edelman’s article for Fannie Mae, can be read later for greater depth of understanding.

“Take the MH Advantage Challenge – Can You Tell the Difference?” Fisk of Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business for Fannie Mae

Further, because the HUD Code and new home standards keep improving, what was true when Genz said it back then, is arguably as or more accurate now.

NewDurhamEstatesSouthManufacturedHomeLivingNewsDailyBusinessNewsMHProNEws

That said, the analysis that follows notes that while Genz often praised manufactured homes, he did not turn a blind eye to problems then existing in the industry. That too will be reviewed herein, because manufactured housing cleaned up key issues that Genz identified.

So, while the total numbers of residents and manufactured homes has grown since his report, and pricing has obviously changed, the percentage of savings remains the same. Then and now, the United States Census Bureau has noted consistently similar levels of statistical savings for decades.

SunCommunitiesSUI-InvestorPage11ManufacturedHomeVsSingleFamilyHousingManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

Graphic, data, per Sun Communities (SUI).

Thus for a variety of reasons, Genz’s 22 page document merit the careful consideration of the manufactured home industry’s:

  • professionals,
  • advocates,
  • public policy pros,
  • politicos,
  • and investors careful consideration.
SunCommunitiesSUI-InvestorPageComparetoMultiFamilyHousing10ManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

Graphic, data, per publicly-traded Sun Communities (SUI).  Note that Sun’s rental rates may be higher than some others in the industry..

With that introduction, the Daily Business News will review and analyze key highlights of what Genz unearthed.

It’s a potentially multiple billions of dollars worth of housing insights. Thus it’s a potentially rewarding, and highly insightful, reading experience.  As you read this analysis of Genz, keep the points previously shared in the report below in mind, which can be read or reviewed later for related insights.

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

 

Stigma and Manufactured Homes

Genz goes after the stigma attached to manufactured homes and their owners early, and often.

Here’s an example.

There is a palpable stigma attached to manufactured homes, dating back to when workers towing trailers moved from city to city, chasing jobs and crowding into muddy, unsanitary trailer parks… However, these serious shortcomings [in public policies, perceptions] are not inherent in the factory-built home itself. Rather, they are the product of laws, policy choices, and business practices that are selling millions of people short.”

Genz notes that while values weren’t the same, he explains that it was because of reasons not connected with the homes themselves.

That’s arguably a valid point then, and now.

The Fannie Mae Foundation researcher also noted that the net worth of manufactured home owners was dramatically higher – even then – than the $5,000 renting households average worth now have, per data cited repeatedly by HUD Secretary Ben Carson last year.

Median net worth is $59,000 for owners of manufactured homes, compared with $102,000 for all homeowners.”

Rephrasing that as a takeaway.  Those who own a manufactured home enjoy a significant improvement in their collective standard of living.  That’s a point that advocates like ROC USA, Prosperity Now (formerly known as CFED), or this trade publisher have often made.

Genz notes another point that MHLivingNews and MHProNews has hammered home repeatedly. It’s this.

One of the industry’s strong points is its appeal to distinctly different market segments. Owners tend to be either very young or elderly (Vermeer and Louie 1995). Although most buyers have low incomes, one segment of the market is quite well off: About 10 percent of manufactured home residents report a net worth of more than $250,000, and another 19 percent are worth more than $100,000 (Foremost Insurance Group 1999).”

Genz added to that point above, “Many of the owners with high net worth live in well- planned subdivision-style communities with recreation centers, pools, and even golf courses. These high-end communities demonstrate the potential of factory-built homes, but also represent a continuing shift away from the industry’s original focus on serving the affordable housing market.”

 

tristar-estates-bourbonnais-il-CreditMHC-MD-com, posted MHPorNews.com.

Arial photo credit, TriStar Estate, credit MHC-MD.com. Note that all of the illustrations shown were provided by MHProNews, not the original document written by Genz.

Stated differently, he makes sure that his readers know that manufactured homes are not just housing for the poor, or those who have no other options.

It’s a key factoid that some in the industry’s association world need to take notice of, and perhaps now will begin to do so?

Despite wide-spread perceptions of low quality and short life, Consumer Reports says that “manufactured housing can last as long as site-built housing,” (“Manufactured Housing ” 1998, 30).”

Readers should keep in mind that the improvements mandated by the industry-sought Manufactured Housing Improvement Act of 2000 (MHIA). So whatever concerns were noted then about installation have since been dealt with.

Industry professionals, policy wonks, officials, and advocates should note that it was the Manufactured Housing Association for Regulatory Reform (MHARR) that led-the-charge for the MHIA 2000. They did so by aligning the Texas Manufactured Housing Association’s leadership, and then finally found a change in leadership at the Manufactured Housing Institute (MHI) they could work with. That permitted the three to then advance the MHIA through Congress, per our sources.

That segue noted, the review of Genz’s fertile work continues.

Fresh, new, private living space; easy shopping and financing; adequate quality; and homeownership now add up to a powerful appeal, and with a little reflection, it becomes easier to see why manufactured homes have been chosen by an average of 29 percent of new home buyers every year since 1980 (Manufactured Housing Institute 2001).”

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

For newcomers to this website, or otherwise not familiar with modern manufactured homes, you can learn more by clicking the image above or the link here.

That was debatably the Manufactured Housing Institute (MHI) that was, prior to the power being exercised over the Arlington, VA based trade group by Berkshire Hathaway acquired Clayton Homes in 2003. Their related lenders were acquired too, as were several other industry connected suppliers and other firms since.

Instead of MHI’s allegedly weaponized ‘research’ and maneuvers to promote a controversial, “new class of homes,” and the like – why hasn’t MHI provided encouragement for more such independent study as Genz did?

Or why does MHI fail to publicly mine such useful research today?

Those questions noted, continuing with the Genz’s analysis, there are far more gems to discover.  They are potentially as useful now as then.

 

Not Enough Advocacy, Said Genz

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Richard Genz.

Some consumer advocacy is taking place, but not much in view of the scale of the manufactured housing sector. Government, nonprofit, and philanthropic involvement is strikingly less than in the world of “real homes.”

When one ponders the foot-dragging by the GSEs, apparently brooked by the FHFA, this quote is also noteworthy: “…a majority of buyers have held the same job for 5 to 10 years, a Freddie Mac economist notes that “except for lower incomes, the profile of manufactured home buyers seeking financing does not appear to differ greatly from site-built loan borrowers” (Bradley 1997, 4).

Note that in a systematic fashion, Genz cited his third-party, often peer-reviewed sources. Again, as the Daily Business News analysis above noted, much of what has changed since 2001 have been equally well documented improvements.

So the case made by Genz is still useful.  It is also historic.

Genz provides an independent yardstick to see what the industry’s ‘leaders’ have or have not done.

 

Identifying Valid Concerns

For those who never knew or witnessed sellers loading up customers with years of insurance or credit life, etc. the next quote will be a dose of reality.

For those pros who will recall, it’s a blast-from-the-past that explains some of the stiff losses by the subprime lenders of that era. “[manufactured housing] retailers can and frequently do earn commissions, rebates, or other payments on loan originations, credit life insurance, property insurance, and other services arranged for at the time the loan is closed” (HUD and NAHB 2000, 41).”

That was then, not now. Thus the report by Genz isn’t all glowing, as he takes on some industry practices in lending, some that apparently had a level of MHI support.

Rephrased, this researcher for Fannie didn’t mind questioning MHI.

By contrast today, Fannie and MHI seem to be “playing footsie,” according to several sources in MHI.

Among the examples that have been cited by those sources, MHARR and others, is that Fannie is now a MHI member. Furthermore, Fannie and MHI have reportedly held closed door meetings, without producing for the public those meeting minutes.

What’s there to hide?

Fannie Mae Touts MH Advantage Program, But Manufactured Housing Association Slams Plan as “Illegitimate,” “Bait and Switch”

 

GSE Commitment Canceled?

As recently as last week, Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business at Fannie Mae and others there respectfully declined to provide minutes or any explanation of such meetings with MHI, in inquiries by this publication to the federally regulated mortgage giant.

Note that a communications team member committed to MHProNews that Edelman would answer several questions on-the-record.

Those promised replies to several specific inquiries were later delayed. Finally, the same communications team member at Fannie said they were not going to answer the questions asked.

Why not?

So much for transparency at Fannie today?

It is also worth mentioning for later review that House Financial Services Committee Chairman Jeb Hensarling has told MHProNews via a statement that he has serious concerns about lobbying by the GSE.  If so, that’s important because it would be in contravention to federal law while they are in receivership under FHFA. That related report can be reviewed later, and is linked below.

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

 

How Many Pre-HUD Code Mobile Homes?

Back to the research by Genz, he stated then that nearly 3 million pre-HUD Code mobile homes were still in service.

According to Gentz, “As many as 3 million homes in the nation’s current manufactured housing inventory were built be- fore the implementation of the HUD building code in 1976, when some homes had a useful life as short as 10 years (Meeks 1995; Vermeer and Louie 1995). Many of these were built in the boom years of 1968 through 1973, when 2.7 million new homes were sold.”

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

Make a habit of using the correct terminology.

Once more an aside is warranted. Because the data that Genz cited demonstrates that the Rollohome experience was not a one-off.

What occurred during the Rollohome era in terms of the rapid ramp up and production of more factory built housing pre-HUD Code could arguably be done today too.

Rollohome, Creating 60,000 Factory-Built Homes in 2 Years

Investors, public officials, advocates, and industry pros? Are you seeing how enormous the manufactured housing industry’s potential is? This is a theme that MHProNews and MHARR have said for years can be accomplished, because it has in fact already been previously proven to be doable.

Given the correct support, the 8.3 million housing unit shortages cited by Lawrence Yun at the National Association of Realtors (NAR) could rapidly be corrected. But if HUD Code producers don’t step up to the plate more seriously, other prefab builders cited at the end of this report have already said that they will.

Potentially tens to hundreds of billions of dollars in business annually is up for grabs.

Once more, it is almost inescapable how these facts point to what award-winning independent retailer Alan Amy said. Manufactured Housing could be the future, which is why he and others have said that the billionaires are gobbling up the industry’s assets.


Ouch, and another Ouch, but then…

Regarding gains or losses in value, “…Consumers Union reports that two-thirds of units depreciate. However, the converse is that one-third of manufactured homes have held their value or appreciated (“Manufactured Housing” 1998). Several other studies establish the simple fact that some manufactured homes increase in value, and some decline.

But Genz uses logic akin to what MHProNews has utilized, noting that “Research is needed to sort out the factors that cause values to go up or down. With better information, policies and practices that build wealth for owners of manufactured homes can be designed.

In fact, Genz has outlined several of the causes of a loss in value. He also suggested some of the keys to supporting value, like no more credit life or others previously noted.

Thus, the initial groundwork for more appreciation – which even the problematic Urban Institute report noted by the Daily Business News said is already underway – is now largely in place.

Rephrased, there are no valid reasons for the GSEs to slow-walk implementation of robust yet sustainable chattel and other manufactured home lending. There is no need for yet another apparent dodge, this time in the form of a MHI’s questionable “new class of homes.”

Secretive “NEW” Class of Manufactured Housing Raises Serious Concerns

So in retrospect, what Genz laid out was this.

marty-lavin-jd-manufacturedhomefinanceexpert-DailyBusinessNews-mhpronews

Marty Lavin, JD.

When insurance is loaded up on a contract at the time of sale, or prices may vary 5k-10k per identical homes in the same market, the natural outcome is those homes ‘lost’ value. That’s similar to concerns that MHI award winner Marty Lavin raised for years.

But it must also be noted that Lavin said in a video interview with MHProNews that the industry cleaned up that act.

So once more, the rationale for slow-walking the potentially robust GSE entry into manufactured housing is missing.

Quite the opposite exists. Genz gave a veritable road map of why and how manufactured housing lending could and should be done successfully in ways that are as sustainable, as Titus Dare exclusively encouraged in statements to MHProNews.

So those abuses Genz reported then were wrenched from the chattel lending system by the lenders who remained in the market during the post-Conseco/GreenTree meltdown.

Rephrased, as Lavin noted, the remaining marketplace lenders corrected the issues.

Said Genz, “The accurate answer to the question “Can manufactured homes appreciate?” seems to be “It depends.” Like the value of any home, the value of a manufactured home over time is contingent on many factors. Unfortunately, the perception that depreciation is somehow inherent in manufactured homes is widespread. It is at the root of disinterest about them among development bankers, advocates, planners, and nonprofit developers. These professionals are rightly concerned that housing should be a foundation for building wealth, but if advocates simply write off the preference of so many home buyers for lower-cost manufactured units, we passively contribute to a problem we should be helping to solve. Available data suggest that depreciation is not a mystery. It can be understood and, in many cases, reversed.”

What Genz did was argue that the industry could reverse much of its image and fortunes.

Make some common sense changes, and much could be done.

More than 8 out of 10 manufactured homes placed in 1998 were titled as personal property, or chattel (U.S. Bureau of the Census 1998).” That number is similar today.

Genz buys into the argument made by those who want to reclassify manufactured homes, forcing all to be real estate loans. That’s a non-starter for most lenders in the industry. It is an example of how the “wheat and chaff” approach must be used with any person, or any organization.

That said, he next makes another point similar to what Marty Lavin has made.

Discriminatory treatment of manufactured home residents flows from the unexamined matrix of law, finance, taxation, land use regulation, and custom within which manufactured housing exists.”

Lavin put it more bluntly, by calling the HUD Code “a discrimination code.”

But discrimination – past or present – could be a motivation in urging industry pros to act for change in the future.

That said, what exists today are policies that can include “…many tax systems automatically depreciate manufactured homes like vehicles, regardless of their actual market value. This practice worsens the budget drain.”

Genz demonstrates how a simple change of mind can yield positive change.

Recognizing the real character of manufactured housing contributes to the asset base of an entire community. For example, the tax assessor of Henderson County, NC, decided to begin taking manufactured homes seriously in the early 1990s. Once values were established, the assessor determined that the use of depreciation schedules had systematically undervalued this stock of residential property. The result was a $53 million increase in the tax rolls over two years,” Genz said.

Then he stated a point routinely made by MHLivingNews and MHProNews. How education by that North Carolina county and discipline in the proper use of terminology could yield positive changes measurable in dollars and cents.

They [local officials] repeatedly had to explain to concerned taxpayers that a “trailer” is something you haul around behind a vehicle and that their increased valuation was based on the actual market value of a home that happened to have been built in a factory.”

Today, there are numerous studies that demonstrate that manufactured homes can and do appreciate for the same reasons as conventional housing. But the way to accomplish that isn’t by creating a problematic, unnecessary, and controversial “new class of homes” promoted by MHI.

Rather, an important part of the industry’s potential progress is achieved by education of consumers on existing homes.

 

 

That education comes in part by speaking with those who know on camera.

Education also can obviously be accomplished in part by engaging the mainstream media.

Retiring MHI Ann Parman previously praised MHProNews publisher L. A. “Tony” Kovach for promoting that plan. But as numerous industry members – like Frank Rolfe, who previously blasted MHI for not properly engaging the media – know, MHI has allowed most slurs, miscues, and errors that slight manufactured housing to go unaddressed.

Rephrased, the facts and legitimate third-party research needed to successfully promote the manufactured home industry are available.

While the Arlington, VA based trade group has done problematic advertorials – which have at times cited ‘facts’ that other MHI ‘data’ contradicts – has posted a few lightly viewed items to YouTube, or social media, there’s been no discernible, systematic and robust effort by them to defend and/or promote the industry as needed.

MHI member MHVillage’s own data proves just how ineffective the efforts to date are.

2018-06-22_0521ConversionRatiosPerMHVillageLogoManufacturedHousingIndustryDailyBusinessNewsMHProNews600

Data per MHVillage, collage by MHProNews. 

So it is little wonder that a pair of state associations broke away from MHI, and have announced they are forming a new post-production association.

Rephrased, there is a growing body of evidence and numbers of industry voices that in various ways have alleged that MHI is debatably blowing it for the small to mid-sized operations that make numbers of that trade group’s members.

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

As attorney Lavin succinctly put it in the report linked above, the big boys work for the interests of the rest of the industry only to the extent that it benefits the big boys.

 

Genz Makes the Case Concerned Industry Voices Have Advocated

Said the Fannie Mae Foundation’s researcher Genz. “Low- and moderate-income people should not be left to learn about asset-building and the meaning of homeownership from their tax assessor. The protests from mobile home dwellers confirm what our housing system has inculcated in them: that their housing is a depreciating asset, like a vehicle. How many buyers of conventional homes would trade a lower annual property tax bill for depreciating home value?


As a Deer Valley Homes sales manager James McGee, and their current president, Chet Murphree said, “It’s all about education.” as they and others praised the work done here and on MHProNews to educate.

Meanwhile, sources and evidence suggest that MHI, their surrogates and masters, have arguably sought to stymie the education necessary for the industry’s robust growth.

Why?

Warren Buffet has arguably given the correct answer. He likes a bargain.

Best Warren Buffett, Kevin Clayton, Clayton Homes, Berkshire Hathaway Annual Meeting, Competition, and “the Moat” Video Collection

By choking off other sources of lending, and limiting the capital flow into the industry, Buffet’s Berkshire Hathaway has gobbled up large chunks of the industry.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

MHI’s President Richard “Dick” Jennison, and others there or working for Berkshire Hathaway units have declined or ducked public discussion and debate on such vexing questions.

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, or named entities.

Isn’t that a kind of tacit admission that these published concerns are valid?

When The Daily Business News has given repeated opportunities for MHI or Berkshire brands to respond publicly, why have they instead remained silent?

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. To see the related video with Kevin Clayton, click to read and view – Smoking Gun 3

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

 

Genz’s Finale “Conclusion”

Clearing up misperceptions about manufactured housing and addressing the problems of buyers, owners, and renters should be the first priority for advocates. On a separate front, it should be possible to incorporate the cost advantages of manufactured homes into nonprofit housing developments (Wallis 1991). If stereotypes can be overcome, the nonprofit development community could eventually help reinvent manufactured homes as quality, wealth-building, affordable housing.

The report said that author “Richard Genz is Principal of Housing & Community Insight and a Project Manager with ICF Consulting, Inc.”

Genz’s report was written for the Fannie Mae Foundation.  The entire document is available as a download, linked here.

We Provide, You Decide.” © ## ## (News, event, and announcement.)

(Third party images, and content are provided under fair use guidelines.)

Related Reports:

Manufactured Home Owners – Satisfaction Survey Redux

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

 

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted 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.

U.S. Senator Ted Cruz – El Chapo Plan, Video Interview, Plus Manufactured Housing Market Update$

July 3rd, 2018 Comments off

CNNmoney7.3.2018ManufacturedHomeStocksMarketsReportsMHProNewsHaving published Senator Elizabeth Warren (D-MA) and others on the left a chance, it is time to do a video with a Texas GOP conservative, Senator Ted Cruz.  An interview with him will be our spotlight going into the 4th of July holiday today.

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.” ©

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

Selected headlines and bullets from CNN Money:

  • Mall vacancies hit six-year high
  • The truth about the retail apocalypse
  • Delta Air Lines hit by rising fuel prices
  • Facebook buys an app for teens and shuts it down
  • Every US-made car is an import. That’s bad news for automakers
  • Facebook data scandal draws growing federal scrutiny
  • Facebook apologizes for bug that temporarily unblocked people
  • New Jersey poised to invest $5 million into local journalism
  • New York Times DC reporter who dated Senate intelligence staffer reassigned to New York
  • She started a newspaper that helps Ohio’s inmates rebuild their lives
  • A guide to making friends at work
  • Why women need mid-career mentors
  • The power of more than one woman on a board
  • ‘I think we just became a real car company’: Tesla finally hits Model 3 target
  • MoviePass is running out of money
  • Dell is ready to return to Wall Street
  • Lyft, like Uber, is moving beyond cars
  • Starbucks advisers say the company needs to do more to end racial bias
  • Rent the Runway CEO: Giving all employees the same benefits is the ‘right thing to do’
  • Roger Federer ditches Nike for Uniqlo
  • CNN’s Jim Acosta is undaunted by critics: ‘We have a job to do’
  • School security is a rapidly growing business
  • US box office has record quarter thanks to a string of summer hits
  • On the test track in Porsche’s most powerful plug-in hybrid
  • EU warns Trump’s car tariffs threaten $300 billion of US exports
  • Canada hits $13 billion of US goods with new tariffs
  • Tesco and Carrefour join forces to keep prices down
  • Growing pains across America’s biggest oilfield
  • What’s killing Big American Beer?
  • America’s favorite store that everyone forgets about
  • Why Pepsi made ‘Uncle Drew’ into a movie
  • Despite lessons from the past, US cities are optimistic for 2026 World Cup
  • The US-China trade war will spill into other Asian economies
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • GM warns tariff could force job cuts, raise cost of cars
  • Companies that want out of new steel tariffs describe a nightmare
  • Halftime report: Why the ride for global markets got so bumpy
  • China opens up more of its economy to foreign companies

Selected headlines and bullets from Fox Business:

  • California is bad for business, state needs 3-way split: Tim Draper
  • US stocks close lower, Dow off triple digits
  • July 4: Which markets are closed?
  • Top US automakers report higher auto sales in June
  • Truck driver shortage: Are 18-year-olds the solution?
  • A longstanding regulation limits the ability of younger Americans to haul freights across state lines.
  • Trump should nominate Mike Lee for the Supreme Court: Kennedy
  • Feeling patriotic? Here are 5 American-made products
  • US should throw China out of the WTO: Peter Morici
  • Trump courts rivals of Harley-Davidson after it says production moving
  • These tax changes go into effect in July
  • Amazon Prime Day now six hours longer
  • Toys ‘R’ Us adding to ghost malls nationwide
  • Nathan’s Hot Dog Eating Contest prize pool: What event winners earn
  • Kathy Ireland ventures into shipping container business
  • Fourth of July fireworks spending may hit a record
  • July 4th travel to hit all-time record, AAA predicts
  • Travel times are expected to double in some cities.
  • July 4 holiday travel forecast breaks record
  • Seadrill Ltd. Stock Isn’t Up 22,000% Today (It’s Actually Down): Here’s What You Need to Know
  • Why Shares of Acuity Brands, Inc. Popped 19% Today
  • Why Tesla, Facebook, and Micron Technology Slumped Today

 

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

9MarketIndicatorsYahooFinance7.3.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.3.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

Political junkies may recall that Senator Ted Cruz stopped short of endorsing Donald J. Trump at the Republican Convention in 2016.  Cruz took significant push-back from that, and today’s video will remind some of a still hesitant Texas Senator in promoting the 45th president.

NeverTrumpPoliticalCartoonDemDonkeyComplainsNeverTrumpElephantListensmanufacturedhousingindustrynewsmHPronews

In fact, there’s a moment where Cruz almost sounds like a never-Trumper, which is why we’re pairing up the political cartoon shown above.

ElChapoJoaquinGusmanMexicanDrugLordManufacturedHousingIndustryDailyBusinessNewsMHproNews

That said, Cruz talks about a his El Chapo plan, and a variety of other hot-button topics in this under 7 minute video. 

 

TedCruzPlusMHMarketUpdatesManufacturedHousingINdustryDailyBusinessNewsMHProNews

Happy Fourth of July to all.  ICYMI, you may want to check out a meaty topic on manufactured housing vs. subsidized housing, and the underlying issues for the industry, investors and America.

Affordable Housing, Subsidized Housing, Manufactured Homes, Private Property, and Proclaiming Liberty

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.3.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

 

#WalkAway Goes Viral, Threatens Disruption, Plus Manufactured Housing Market Updates

July 2nd, 2018 Comments off

CNNmoney7.2.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt’s the kind of report that you won’t find anywhere else in MHVille, but will be our Daily Business News focus report for reasons that the industry’s thinkers will rapidly grasp.  This evening, our focus is the viral hashtag, #WalkAway. We’ll take a look across the left-right media divide on this developing story.

 

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.” ©

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

Selected headlines and bullets from CNN Money:

  • HTC to lay off 1,500 employees
  • EU warns Trump’s car tariffs threaten $300 billion of US exports
  • Roger Federer ditches Nike for Uniqlo
  • Tesla finally hits Elon Musk’s target for the Model 3
  • US box office has record quarter thanks to a string of summer hits
  • Brian Ross and longtime producer to leave ABC News months after Michael Flynn error
  • Canada hits $13 billion of US goods with new tariffs
  • Hedge fund billionaire slams Nestle’s ‘muddled’ strategy
  • School security is a rapidly growing business
  • Growing pains across America’s biggest oilfield
  • Draft proposal would allow Trump to ignore key WTO principles
  • On the test track in Porsche’s most powerful plug-in hybrid
  • The power of more than one woman on a board
  • Borrow like the big investors (with a lot less)
  • Despite lessons from the past, US cities are optimistic for 2026 World Cup
  • Trump asks Saudi Arabia to increase oil production
  • Japanese company snaps up Quartz from Atlantic Media
  • India’s shopkeepers take to streets to protest Walmart-Flipkart deal
  • ZTE shakes up management as part of deal with US
  • Tesco and Carrefour join forces to keep prices down
  • The US-China trade war will spill into other Asian economies
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • GM warns tariff could force job cuts, raise cost of cars
  • Companies that want out of new steel tariffs describe a nightmare
  • Halftime report: Why the ride for global markets got so bumpy
  • Two assignments for Capital Gazette journalists: healing and reporting
  • Lessons you can learn in business school that aren’t taught in class
  • China opens up more of its economy to foreign companies
  • Washington Post’s Marty Baron: People have taken the press for granted
  • BBC apologizes to underpaid editor. She gives her settlement cash to charity.
  • Are your credit card perks shrinking?
  • How can I simplify my retirement investments?
  • Australia picks BAE Systems for $26 billion warship deal
  • Sharp cancels $1.8 billion share sale over trade tensions
  • H&M needs to offload $4 billion in unsold clothes
  • Instagram Stories is now twice as popular as Snapchat
  • Hedge fund billionaire to Murdoch: Give Comcast a chance

Selected headlines and bullets from Fox Business:

  • Trump: WTO needs to change ways or US will do ‘something’
  • S. manufacturing surged in June
  • Stocks inch out gains as 3Q begins
  • You’re probably approaching your Social Security claiming decision all wrong
  • Being shortsighted could wind up costing you a lot of money.
  • These tax changes go into effect in July
  • Pizza to toilet paper: The items targeted by Canada’s tariffs
  • Trump, Kim Jong-un could meet again in NYC
  • LeBron James jersey sales booming after Lakers signing
  • Kathy Ireland ventures into shipping container business
  • Airline ratings: Here are the world’s best (and worst) carriers
  • The business that’s trying to stop the truck driver shortage
  • 160 Driving Academy is a school that offers truck-driving classes.
  • Trump refuses to back down from the China tariffs
  • You’re probably approaching your Social Security claiming decision all wrong
  • Trump: WTO needs to change ways or US will do ‘something’
  • 20 Investing Lessons From a 20-Year Motley Fool Member
  • Every Manager Should Want to Hire the Best — but Not Every Manager Does

 

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

9MarketIndicatorsYahooFinance7.2.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.2.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

 

Let’s begin our evening look across the left-right media divide on this developing story.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

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

#WalkAway, the hashtag, went viral this weekend, as something of a delayed reaction to a popular video renouncing liberalism by Brandon Straka,” said the left-of-center Washington Post.

Once upon a time, I was a liberal. Well, to be honest, less than a year ago, I was still a liberal,” begins Brandon Straka, in a report in right-of-center Brietbart that says that over 5 million have seen the second video at that point in time.

The Epoch Times was one of the first to chronicle the latest blow at the Democratic coalition that swept then Senator Barack Obama into the White House.

While many hold to #IHatePolitics, the Daily Business News recently challenged that notion.

All those who abandon the political field, are obviously surrendering their voice to those who remain.

Much of what happened to manufactured housing in the last 20 years has arguably been a result of political and capital forces, leveraging their influence and power in ways that by intent or accident, harmed our industry’s new home retail sales, and thus shipments.  The report linked below can be read later, for greater depth on this issue.

“I Hate Politics!” – Bedminster Watch, and Manufactured Housing Shipments

Against that backdrop is #WalkAway.

When actor James Woods tweeted out the hashtag “#WalkAway” in late June, even the alt-right missed the enormity of what lay beneath it. The Democratic Party had, in fact, struck an iceberg,” said the Epoch Times.

Here’s an extended quote:

#WalkAwayGoesViralThreatensDisruptionPlusManufacturedHousingMarketUpatesDailyBusinessNewsMHproNews

Some 5 million people on Facebook and YouTube have seen the video by now. A very handsome gay man, who you just assume is about to scold you on progressive talking points, instead says this:

Once upon a time, I was a liberal. Well, to be honest, less than a year ago, I was still a liberal.

I reject a system which allows an ambitious, misinformed and dogmatic mob to suppress free speech, create false narratives, and apathetically steamroll over the truth.”

And then this devastating line—the Rosa Parks moment of the video:

I reject hate.”

If Democratic strategists were still able to watch the rest of the video without suffering a nervous breakdown, they’d see that it quickly got worse.”

These are the reasons why I became a liberal. And these are the same reasons why I am now walking away.”

Tidal Wave

Meet Brandon Straka, the unlikely liberator and new face of the “silent minority” of Americans who’ve been cast out by family and friends, fired from jobs, and forced into silent social ghettos for their failure to “get it” about how hateful and dangerous Donald Trump is, and why he and all his supporters should be subjected to an ever-expanding social and professional fatwah.

Since Straka published his confessional video on May 26, his life as a New York City hairdresser and aspiring actor has been overtaken by a tidal wave.

While speaking to The Epoch Times about the explosion of his #WalkAway campaign, Straka had to occasionally stop to go style a client’s hair, all while fielding a constant barrage of newcomers’ testimonial letters, videos, and emails—over 1,000 a day.”

You get the idea.  A video by right-of-center Fox Business on the topic is posted below.

Straka’s video that the Epoch Times is waxing eloquent about is posted below.

Taken in conjunction with a growing wave of walk-aways from the Democratic Party’s near monolithic hold on the black vote, as report in articles like the one linked below, what does that mean for the boasted blue wave touted just 6 months ago?  Could it be that a red tide – or a red wave – will hit by election day in November 2018?

Time will tell, but investors and professionals on both sides of the aisle have a stake in the outcome.  For related reports, see the below.

Kanye Controversy, Universal Income, Venezuela, President Trump, Manufactured Housing, First Principles, and You

Doug Schoen, Clinton Adviser, warns – “Democrats must advance an agenda…to create a society of opportunity for all – not guaranteed outcomes achieved through wealth redistribution.”

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.2.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

POTUS Trump Announces SoftBank Boosting U.S. Investments by Billions, Details, Plus MH Market Updates

June 29th, 2018 Comments off

CNNmoney6.29.2018ManufacturedHomeStocksMarketsReportsMHProNewsSoftBank is the world’s largest private equity fund, and is the driving force behind the new Foxconn manufacturing plant that’s now underway in Wisconsin. They have factory-built-housing connections – some right here in the U.S. President Trump announced that tens of billions in more investments are coming from SoftBank to the U.S.  Added details will be our featured report 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.” ©

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

Selected headlines and bullets from CNN Money:

  • Companies that want out of new steel tariffs describe a nightmare
  • Costco: America’s favorite store that everyone forgets about
  • Nike’s American sales grow for the first time in a year
  • Why Pepsi made ‘Uncle Drew’ into a movie
  • China opens up more of its economy to foreign companies
  • Why Netflix is dominating the streaming world
  • BBC apologizes to underpaid editor. She gives her settlement cash to charity.
  • Lessons you can learn in business school that aren’t taught in class
  • Are your credit card perks shrinking?
  • How can I simplify my retirement investments?
  • California just passed the strictest online privacy law in the country
  • Despite lessons from the past, American cities are optimistic for 2026 World Cup
  • Australia picks BAE Systems for $26 billion warship deal
  • The US-China trade war will spill into other Asian economies
  • Sharp cancels $1.8 billion share sale over trade tensions
  • Xiaomi’s shrinking IPO
  • Amazon could radically change how you get prescriptions
  • H&M needs to offload $4 billion in unsold clothes
  • Instagram Stories is now twice as popular as Snapchat
  • Hedge fund billionaire to Murdoch: Give Comcast a chance
  • Deutsche Bank flunks Fed stress test and 3 other banks get flagged
  • Oil prices spike 13% in a week. What the heck is going on?
  • Toys ‘R’ US will close its last US stores today
  • Why fast food chains like to sell you donut fries and chicken rings
  • Chipotle CEO: It could take three years for new menu items to roll out nationally
  • Foxconn breaking ground on Wisconsin plant
  • Growing pains across America’s biggest oilfield
  • Amazon wants you to start a business to deliver its packages
  • Amazon just bought itself a pharmacy
  • Where’s ZTE? Execs go AWOL at China’s big smartphone fair
  • ‘Closed-minded and ill-informed’: Huawei exec blasts US lawmakers
  • China slashes tariffs for 5 Asian countries as US trade fight escalates

Selected headlines and bullets from Fox Business:

  • IRS debuts postcard-size 1040 form
  • Nike shares run to new record
  • Stocks jump on final trading day of 2Q
  • Move over OPEC, America is the new king of oil
  • Trump says second phase of tax cuts will target middle class ‘even more’
  • GM warns on car tariffs: Customers will feel impact
  • Ford fires back after Tesla’s Elon Musk calls it a ‘morgue’
  • LeBron James to become free agent: report
  • The business that’s trying to stop the truck driver shortage
  • Ivanka Trump says she advised her dad on immigration crisis
  • GOP has the advantage in nation’s top 3 electoral issues: Varney
  • Adidas data breach: US customers had contact information, usernames exposed
  • 18 minimum wage hikes set to take effect July 1
  • Guinness set to open first US brewery in 64 years
  • This billionaire claims he can make illnesses ‘optional’
  • Ivanka Trump says she stays above the fray, will absorb blows from haters
  • The first daughter says it is an ‘extraordinary privilege’ to serve the country.
  • Investors Selling Bitcoin and Fleeing Coinbase
  • Most Banks Are Increasing Their Capital Returns — but Not Goldman Sachs and Morgan Stanley
  • The top 10 songs and albums on the iTunes Store
  • Report: Oil line makes nearly 400 Michigan water crossings

 

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

9MarketIndicatorsYahooFinance6.29.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.29.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

BreakingGroundFoxconnWisconsinManufacturedHousingINdustryDailyBusinessNewsMHProNews

With President Trump in attendance, electronics manufacturer Foxconn broke ground yesterday on a huge new plant in Mount Pleasant, Wisconsin. Once fully operational, the 20 million square foot campus will employ 13,000 American workers,” said the White House press room to MHProNews.

U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged

His $50 billion turned out to be $72 billion so far, he’s not finished yet,” President Trump said, without providing details.

In 2016, Son pledged to invest $50 billion dollars and create 50,000 jobs in the United States after meeting then President-Elect Trump.


I couldn’t have decided such a thing before this new President,” Son said of that decision on Thursday.

POTUSTrumpAnnouncesSoftBankBoostingUSInvestmentsByBillionsPLusMHMarketUpdates
SoftBank Group and its Vision Fund, the world’s largest private equity fund which in May last year raised over $93 billion, has made many of its investments in U.S. technology firms including ride-hailing firm Uber Technologies Inc and share-office space firm WeWork.

SoftBank is a key player in factory-built-housing producer Katerra.  A special report on Katerra is found, linked below.

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

The new Harvard Joint Center for Housing Studies (JCHS) report indicates that home ownership is going up again, since the Trump Administration has taken their reigns. New investments in factory-built housing obviously are a direct benefit to the builders involved.  Moreover, all investments that boost employment and wages fuels the demand for housing.   The new JCHS is linked below.

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

Bloomberg Closing Ticker for MHProNews…

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

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

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

6.29.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

Move Over Saudi Arabia? Latest U.S. Oil Production, plus Manufactured Housing Market Updates

June 28th, 2018 Comments off

CNNmoney6.28.2018ManufacturedHomeStocksMarketsReportsMHProNewsLong-time manufactured and modular housing industry professional know that oil production, and other energy related work, often translates into more demand for factory-built housing.  So the oil data, provided below, will be our spotlight for this evening’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.” ©

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

Selected headlines and bullets from CNN Money:

  • Hedge fund billionaire to Murdoch: Give Comcast a chance
  • Instagram Stories is twice as popular as Snapchat
  • Oil prices spike 13% in a week. What the heck is going on?
  • Foxconn breaking ground on Wisconsin plant
  • Trump tariff would make the Toyota Camry $1,800 more expensive to build
  • Ford chairman: Every piece of the auto business is changing
  • Guinness to open its first American brewery in 64 years
  • Chipotle CEO: It could take three years for new menu items to roll out nationally
  • Amazon just bought itself a pharmacy
  • Where’s ZTE? Execs go AWOL at China’s big smartphone fair
  • China slashes tariffs for Asian countries as US trade fight escalates
  • China’s yuan is falling against the dollar: Here’s what’s going on
  • India’s rupee hits record low as emerging markets struggle
  • New York to London in 2 hours? Boeing says sure
  • T-Mobile and Sprint say they need each other to build 5G. Do they?
  • New White House hire shows Sean Hannity is Trump’s shadow chief of staff
  • How Chipotle plans to win you back
  • Rite Aid set to sell its first cannabis-derived drug
  • Britain’s royal family made even more money in 2017
  • What does America’s falling birth rate mean to the economy? Just look at Arizona
  • Beer is being rationed in the UK
  • How a rap lyric inspired a multimillion-dollar online platform
  • Disney wins antitrust approval to purchase most of Fox
  • Meet the new GE: It’s a shell of its former self
  • Cold comfort: ConAgra buys Birds Eye maker for $10.9 billion
  • Progressive media saw the Ocasio-Cortez upset coming
  • Harley-Davidson may face credit downgrade because of EU tariffs
  • India may ignore US demand to halt Iran oil imports
  • Texas steel pipe manufacturer becomes casualty of Trump’s trade war

Selected headlines and bullets from Fox Business:

  • Bank stress tests: What to expect
  • Stocks gain momentum in late day trading
  • Move over OPEC, America is the new king of oil
  • If Harley Davidson turns its back on America we will move on: Bikers for Trump
  • The biker community firmly believes in American-made motorcycles.
  • Foxconn in Wisconsin: State taxpayers bear cost of big incentives
  • This tax strategy is ‘skyrocketing’ in popularity, expert says
  • Amazon to acquire PillPack, CVS and Walgreens shares tumble
  • Rapper Nas invested early in PillPack, Amazon’s latest buy
  • Kroger to test delivering groceries via driverless cars
  • The new 1040: A look at the proposed draft
  • Former Equifax manager charged with insider trading
  • Panasonic blames Tesla ramp for ‘occasional’ battery cell shortages
  • Walmart rolls out 3D virtual shopping experience
  • What Trump should focus on in US-Russia summit
  • America’s most and least patriotic states[overlay type]NEWS
  • America’s most and least patriotic states
  • Which states bleed red, white and blue?
  • California Rite-Aid blasts Barry Manilow music to discourage loiterers
  • On Trump’s Harley Threats, and the Trouble With Tariffs
  • How the GE Breakup Will Give Shareholders a Chance to Make Up

 

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

9MarketIndicatorsYahooFinance6.28.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.28.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews 

Today’s Big Movers

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

Today’s MH Market Spotlight Report – 

Crude continues to rise, which of course drives all prices, including that of conventional and manufactured housing. But that rise is also fueling, pardon the pun, the growth in the U.S. domestic drilling, refining and exporting industries.

Former Federal Reserve Chairman Alan Greenspan told Fox News that much of the the economic stability of the U.S. is due to the extraordinary rise of domestic crude oil production.


U.S. oil production is booming, and oil exports are following. In its latest weekly update, the U.S. Energy Information Administration (EIA) reported:

  • that oil refining hit its highest level on record last week.
  • U.S. crude exports surged to a record 1.76 million barrels per day (bpd) in April.
  • This is a big change for a country that just a few years ago wasn’t exporting any crude.
  • Part of the driving force behind the decision to restart exports in 2016, following a ban in 1975 to export was the shale oil boom.
  • The U.S. has turned into a major oil producer.
  • The U.S. is producing oil at a record pace of 10.9 million bpd, a level which it first reached earlier in June.

The oil boom is good for the U.S. economy. “The second quarter is going to be a very strong quarter. One of the leading indicators of this is the extraordinary rise in crude oil production,” said former Fed Chairman Alan Greenspan told FOX Business’ Maria Bartiromo on Thursday.

I’ve been following the oil industry back to year one, and, I’ve never seen anything rushed this fast, he added. Fracking has made extraordinary changes in crude oil production and our output (of oil) is now close to the highest (in the world),” Greenspan said.

The increase in U.S. production comes while oil prices have rallied to multi-year highs as production in Venezuela has tumbled amid an economic crisis. Further, the U.S. is pressing its allies to halt oil imports from Iran.

 

MoveOversaudiArabiaUSOilDrillingSBManufacturedHousingIndustryDailyBuisnessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

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

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

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

6.28.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

Bloomberg’s World’s 25 Richest Families Net Worth Tops $1 Trillion, List, Plus MH Market Updates

June 27th, 2018 Comments off

CNNmoney6.27.2018ManufacturedHomeStocksMarketsReportsMHProNews

Bloomberg’s list is interesting, and meaningful, because it reveals movers and shakers in the U.S. and abroad that shape policies and markets. These top 25 clans often have significant influence in politics, because of their economic clout. Some top figures from that list will be shown in our featured report 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.” ©

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

Selected headlines and bullets from CNN Money:

  • Disney wins antitrust approval to purchase most of Fox
  • What does America’s falling birth rate mean to the economy? Just look at Arizona
  • 700 empty Toys ‘R’ Us stores. Who’s going to fill them?
  • Meet the new GE: It’s a shell of its former self
  • Texas steel pipe manufacturer becomes casualty of Trump’s trade war
  • Cold comfort: ConAgra buys Birds Eye maker for $10.9 billion
  • How tight is this job market? Kohl’s is already hiring for Christmas
  • Progressive media saw the Ocasio-Cortez upset coming
  • Money is more stressful than politics for Millennials
  • Russians are still meddling, but Washington and Tech aren’t working together
  • Analysis: Who’s responsible for Russian trolls?
  • India may ignore US demand to halt Iran oil imports
  • Harley-Davidson may face credit downgrade because of EU tariffs
  • Google’s eerily human phone bot is ready for the real world
  • Supreme Court deals major blow to public sector unions
  • Facebook gives up on building internet drones
  • Beer is being rationed in the UK
  • Largest US nail manufacturer ‘on brink of extinction’ because of steel tariffs
  • Trump vs. Harley-Davidson: What’s really going on?
  • Colbert, Fallon and Conan team up to tease Trump
  • The Coffee Bean is betting on ‘Starbucks fatigue’
  • Why Starbucks needs you to feel at home
  • Aston Martin unveils powerful new $300,000 supercar
  • The incredible shrinking GE
  • To counter Google and Facebook, AT&T buys an ad platform
  • Meet Walgreens: The Dow’s newest member
  • Housing market remains strong, despite mortgage rate worries
  • How some women assess safety at a new workplace
  • Chinese stocks are in a bear market
  • Wells Fargo accused of misconduct again
  • Uber’s Middle East rival recruits women drivers in Saudi Arabia

Selected headlines and bullets from Fox Business:

  • Stocks reverse course, techs lead drop
  • Justice Kennedy retiring, Trump gets 2nd Supreme Court pick
  • Trump’s next Supreme Court justice appointment will cement legacy: Sean Spicer
  • Trump’s China plan: What to know
  • Oil nears 4-year high on US-Iran tensions
  • Supreme Court case may cripple public sector labor unions
  • Burger King and Budweiser partner up
  • How to opt out of your labor union
  • Why a Sprint, T-Mobile merger could hurt your wallet
  • Texas steel pipe maker seeks tariff exemption to become 100% American
  • LaCroix seltzer maker questioned by SEC over sales metrics
  • Kohl’s already hiring for the holidays
  • America’s most and least patriotic states
  • GoDaddy, Danica Patrick look to usher next wave of entrepreneurial life
  • Boeing’s hypersonic passenger jet could cross the Atlantic in 2 hours
  • US approves Disney’s buy of Fox assets
  • JELL-O is now making edible toys[overlay type]RETAIL
  • JELL-O is now making edible toys
  • Why health care sharing ministry memberships now top 1 million
  • Comcast seeks more cash in pursuit of 21st Century Fox assets
  • Texas steel pipe maker seeks tariff exemption to become 100% American
  • This is what the ‘new’ GE is worth

 

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

9MarketIndicatorsYahooFinance6.27.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.27.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report – 

This won’t be as big a news story in other media as it could or should arguably be.

CNBC was among the media that covered the new Bloomberg list of the top 25 families in the world in terms of net worth.

The “Methodology” ought to be a featured part of this report, because it’s a bit of a head-fake for those who don’t read these key details.

Per Bloomberg, “Net worth figures are as of June 15, 2018. The ranking excludes first-generation fortunes and those fortunes controlled by a single heir. Clans whose source of wealth is derived primarily from the state are also excluded.”

Translation? The list doesn’t include such expected names as Amazon’s Jeff Bezos, Microsoft’s Bill and Melinda Gates, or Berkshire Hathaway’s Warren Buffett.

What is remaining in the ten cited by CNBC are names that are also often familiar, but are not as leftist in their politics.

The Walton family of Walmart is the richest clan in the world, with total family wealth of $152 billion, according to data compiled by the Bloomberg Billionaires Index,” said CNBC, but again – the caveat is in the methodology and analysis noted above.  Jeff Bezos’ net worth alone is approaching that of the entire Walton family.

The Koch family, of Koch Industries, are ranked second with $98.7 billion. And coming in third is the Mars family, with $90 billion, known for their M&M and Mars Bars candies.

Bloomberg also said the top 25 families are worth $1.1 trillion and that “any calculation is likely to be a low-ball figure,” since the wealth of many families like the Rothschilds and Rockefellers is too diversified and diffuse to value.

1.         Walton family — Walmart — $152 billion

2.         Koch family — Koch Industries — $99 billion

3.         Mars family — Mars — $90 billion

4.         Van Damme, De Spoelberch, de Mevius — Anheuser-Busch Inbev — $54 billion

5.         Dumas family — Hermes — $49 billion

6.         Wertheimer family — Chanel — $46 billion

7.         Ambani family — Ambani conglomerate — $43 billion

8.         Quandt family — BMW — $43 billion

9.         Cargill MacMillen family — Cargill — $42 billion

10.       Boehringer, von Baumbach — Boehringer Ingelheim pharma – $42 billion

Bloomberg'sTop25GlobalfamiliesManufacturedHousingIndustryDailyBusinessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

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

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

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

6.27.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

 

Warren Buffett Strikes Deal with Lee to Manage Berkshire Units, plus MH Market Updates

June 26th, 2018 Comments off

CNNmoney6.265.2018ManufacturedHomeStocksMarketsReportsMHProNewsLee Enterprises in Davenport, Iowa, will run Berkshire Hathaway’s newspapers and digital sites in a five-year agreement.  Why does it matter to MHVille?  That will be our featured report this evening, found further below.

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.” ©

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

Selected headlines and bullets from CNN Money:

  • Why Starbucks needs you to feel at home
  • Trump vs. Harley-Davidson: What’s really going on?
  • Uber wins right to keep operating in London
  • Largest US nail manufacturer ‘on the brink of extinction’ because of the steel tariffs
  • How a trade war could turn into a recession
  • Trade war would be a ‘disaster for everyone,’ says UK Treasury chief
  • To counter Google and Facebook, AT&T buys an ad platform
  • Meet Walgreens: The Dow’s newest member
  • Uber’s Middle East rival is recruiting women drivers in Saudi Arabia
  • Goldman Sachs thinks England will make the World Cup final
  • Chinese stocks are in a bear market
  • Why markets hate the idea of US investment restrictions on China
  • The incredible shrinking GE is getting even smaller
  • Housing market remains strong, despite mortgage rate worries
  • How some women assess safety at a new workplace
  • Wells Fargo accused of misconduct again
  • Apple’s new feature proves you’re addicted to your iPhone
  • Brexit is killing investment in the UK car industry
  • How Europe could fight back if Trump taxes car imports
  • Jimmy Fallon responds to Trump: ‘Why are you tweeting at me?’
  • Harley-Davidson will move some production out of US after retaliatory tariffs
  • McDonald’s and Starbucks hit by plastics ban in India
  • Campbell Soup is piping hot after reported interest from Kraft Heinz
  • Banks aren’t ready for Brexit, says regulator
  • Chinese tech investment is the next target in US crackdown
  • China unleashes more than $100 billion into its economy
  • Instagram star isn’t what she seems. But brands are buying in
  • Facebook has a magazine now?
  • Wall Street’s trade war fears are spreading to tech
  • She’s working to place more women on tech company boards
  • Russell Crowe to star as Fox News’ Roger Ailes in Showtime miniseries
  • How Chipotle is making a comeback
  • ‘Jurassic World’ sequel crosses $700 million at global box office
  • Why GE may need to stop paying its 119-year old dividend
  • What higher wages means for Domino’s and McDonald’s
  • Amazon Prime benefits roll out to all Whole Foods stores
  • Toyota updates the Century, car of choice for Japan’s elites
  • Glenn Beck walks off CNN interview over questions about his company
  • India’s $12 billion plan at risk after airline flop
  • Tariffs on European cars would hurt US auto jobs
  • Gatorade is going sugarless for the first time in its 53-year-history
  • Can Starbucks be fixed?
  • GM is bringing back the Chevy Blazer, an SUV classic

Selected headlines and bullets from Fox Business:

  • Oil hits $70 as U.S. toughens on Iran
  • S. wants allies to halt all imports of Iranian oil.
  • Home sales: Americans made the largest profits in these cities
  • Stocks shake off trade fears
  • American money flowing back into America
  • S. companies return billions to America in repatriation record.
  • Australia’s richest person to invest $2B in US, create 5,000 high-paying jobs
  • Should Burger King conduct sensitivity training, ala Starbucks?
  • Supreme Court travel ban decision gives Trump ‘unfettered’ authority: Judge Nap
  • Elon Musk has ‘secret’ school at SpaceX
  • Meet Pepper: HSBC’s newest hire
  • Trump threatens to tax Harley ‘like never before’ over production shifts
  • A simpler GE. What it means for investors
  • California Republicans want to kill state gas tax hike
  • Elvis Presley’s vintage private jet up for sale
  • Harley-Davidson to take big hit from EU tariffs
  • Job market tightness worries otherwise optimistic CFOs
  • This is what keeps CFOs up at night
  • Red Hen treatment of Sarah Sanders has Mike Huckabee worried
  • Australia’s richest person to invest $2B in US, create 5,000 high-paying jobs
  • Tight job market worries otherwise optimistic CFOs
  • This is what keeps CFOs up at night
  • Trump threatens to tax Harley ‘like never before’ over production shifts
  • Shares of the motorcycle maker whipsawed following Trump’s comments.
  • Scaramucci’s SkyBridge Capital sues hedge fund firm over millions in losses
  • A simpler GE. What it means for investors

 

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

9MarketIndicatorsYahooFinance6.26.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.26.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

Warren Buffett’s Berkshire Hathaway Inc has hired Lee Enterprises Inc to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines.

Warren Buffett’s Berkshire Hathaway Inc has hired Lee Enterprises Inc to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines,” said Reuters.

Berkshire said on Tuesday it will continue to own BH Media Group, which owns 30 daily newspapers, including its hometown Omaha World-Herald in Nebraska, and 47 weekly newspapers,” said Reuters.

Among his papers is the Waco, TX Tribune-Herald, where Clayton Homes has some production centers.  He also owns the Tulsa World, where Berkshire owns several manufactured home retail outlets under various brand names. Other such examples could be provided.

The five-year agreement says Lee will be paid $5 million annually, plus a share of profits. It takes effect on July 2.

I love our newspapers and am passionate about the vital role they serve in our communities,” Buffett said in a statement.

CBS News reported in 2012 that “Billionaire Warren Buffett’s company now owns about 3.2 percent of Lee Enterprises’ stock as Berkshire Hathaway newspaper holdings continue to grow.”

MHProNews has previously spotlighted the extensive holdings that Berkshire has in mainstream media outlets.  It begs the question, why hasn’t Buffett used those papers to educate the public on manufactured housing?  Or is the Berkshire moat strategy still one of keeping the industry’s growth limited, so it can be more controlled and consolidated?

Best Warren Buffett, Kevin Clayton, Clayton Homes, Berkshire Hathaway Annual Meeting, Competition, and “the Moat” Video Collection

The Berkshire CEO added: “Lee also has led the industry in overall innovation and performance, all while faithfully fulfilling its public trust as an indispensable source for local news, information and advertising. Our missions and goals match exactly,” per Yahoo.

Circulation in print has been declining for several Berkshire media outlets.

Although the challenges in publishing are clear, I believe we can benefit by joining efforts.” Lee shares rose about 33 percent to $3.20 in pre-market trading. Davenport, Iowa-based Lee said it publishes 46 daily newspapers and nearly 300 specialty publications in 21 U.S. states.

It will be interesting to note what happens in the coming years between Lee, Berkshire and media.

Related Reports:

WarrenBuffettCBSDailyBusinessNewsMHProNews

Bloomberg Closing Ticker for MHProNews…

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

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

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

6.26.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

 

How US Stocks Compare with Other Nations in Trade Wars? Plus MH Market Updates

June 25th, 2018 Comments off

CNNmoney6.25.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe president is playing high stakes poker, in both foreign and domestic policy with his trade strategy. Earnings are still solid for companies, but fears over the ‘trade war” have continued to drag the market.  How do American equities compare with other nations?  What’s the outlook in the trade war?  That will be our focus 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.” ©

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

Selected headlines and bullets from CNN Money:

  • Campbell Soup is piping hot after reported interest from Kraft Heinz
  • Trade war fears spread to tech and Dow sheds 328 points
  • McDonald’s and Starbucks hit by plastics ban in India
  • Toys ‘R’ Us will close for good this week
  • Instagram star isn’t what she seems. But brands are buying in
  • How Europe could fight back if Trump taxes car imports
  • Harley-Davidson will move some production out of US after retaliatory tariffs
  • Chinese tech investment is the next target in US crackdown
  • Forget your 401k if you own a home. Do this instead.
  • Russell Crowe to star as Fox News’ Roger Ailes in Showtime miniseries
  • China is unleashing more than $100 billion into its economy
  • Facebook launches high-end magazine ‘Grow’
  • This Silicon Valley exec has dedicated her career to empowering women. Has it worked?
  • Banks are not ready for Brexit, says top regulator
  • Amazon Prime benefits roll out to all Whole Foods stores
  • The weird reason that mighty Amazon isn’t in the Dow
  • Here’s how Chipotle is making a comeback
  • ‘Jurassic World’ sequel crosses $700 million at global box office
  • Why GE may need to stop paying its 119-year old dividend
  • One innovative solution to the health care worker shortage
  • What higher wages means for Domino’s and McDonald’s
  • Toyota updates the Century, car of choice for Japan’s elites
  • Apple promises free repairs for faulty MacBook keyboards
  • Chanel reveals earnings for the first time in its 108-year history
  • Glenn Beck walks off CNN interview over questions about his company
  • Fox News commentator apologizes for racist remark
  • Time editor defends crying migrant girl cover after backlash
  • What’s behind Tom Arnold’s bizarre anti-Trump media blitz

Selected headlines and bullets from Fox Business:

 

  • Dow tumbles 328 points as trade worries hit Wall Street
  • Wall Street has grown concerned that the U.S. and China will enter a full-blown trade war.
  • Trump plans new curbs on Chinese investment, tech exports to China
  • US will crack down on all countries trying to steal its technology
  • Trump tariffs to hit these countries hardest
  • South Carolina steel plant reopened by UK industrialist, avoiding tariffs
  • Liberty Steel said the facility would employ about 125 workers at launch.
  • Wells Fargo Advisors to pay $5M over improper investment sales: SEC
  • Final Toys R Us stores to close by Friday
  • Red Hen New Jersey threatened after unrelated Virginia eatery slams Sanders
  • Harley-Davidson to take big hit from EU tariffs
  • Lockheed Martin secures $1.2B contract to sell new F-16 fighter jets
  • American Express stock climbs on Supreme Court victory
  • Party City looks to fill Toys ‘R’ Us void with pop-up stores
  • Suitors lining up for Campbell Soup?
  • GE sells distributed power business to private equity company
  • Trump Space Force could fuel next trillion-dollar economy: Morgan Stanley
  • The bank sees space as a big investment opportunity.
  • Red Hen treatment of Sarah Sanders has Mike Huckabee worried
  • How Illinois can become the fastest-growing state in America
  • Illinois Gov. Bruce Rauner is working to address the state’s $200 billion debt crisis.
  • American Express stock climbs on Supreme Court victory
  • US will crack down on all countries trying to steal its technology
  • Treasury Secretary Steven Mnuchin says statement coming “soon.”
  • Lockheed Martin secures $1.2B contract to sell new F-16 fighter jets
  • The American aerospace and defense company will produce the jets in Greenville, South Carolina.
  • All Amazon Prime members will get discounts at Whole Foods
  • Company expanding special offers, becoming nationwide Wednesday.
  • Harley-Davidson to take big hit from EU tariffs

 

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

9MarketIndicatorsYahooFinance6.25.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.25.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

The Trump Administration has taken the boldest steps in years on the issue of trade imbalances. It’s obvious from the market slide that it has the attention of investors.

The president has said that the steps he is taking should have been done years ago, but it is what it is now.

TrumpTweetChinaTradeWarManufacturedHousingIndustryDailyBusinessNewsMHProNews

The moves are not surprises, they were part of his campaign.  He’s waited until his tax cuts and regulatory cuts kicked in, before taking the steps he has.

We’ll consider takes from both CNBC and Fox Business tonight.

US stocks were getting slammed Monday amid trade war fears, but they are still outperforming other global equities this year, said CNBC.

WallStreetJournalChinaTradeWarManufacturedHOusingIndustryDailyBuisnessNewsmHProNews

Investors remain focused on strong earnings, low interest rates and generally solid economic fundamentals.

Some economists believe the U.S. has more to gain than lose as the trade rhetoric continues, per CNBC.

Related Reports:

Economy – “There Are Some Worrisome Signs That We Must Confront” – Financial Services Chairman Hensarling

“Trade War Lost” – Ross, Cramer – ‘Trump Will Win’ Stocks Rebound, Plus MH Market Update

 

According to CNBC:

  • Despite jangled nerves over the increasing potential for a global trade war, domestic stocks are outperforming their global counterparts, suggesting the U.S. has the least to lose should the conflict escalate.
  • As major U.S. indexes notched losses of 1 percent or more Monday, others around the world got slammed as well. The Hang Seng in Hong Kong edged nearer to the brink of an outright bear market, while the German, French and broad European indexes all posted severe drops.
  • For much of the year as President Donald Trump has continued to saber rattle about tariffs against Chinese and European goods crossing the U.S. border, domestic stocks have outperformed. While the economic brinkmanship has tamped down returns compared with 2017’s robust market, the U.S. climate remains mostly constructive.
  • “So far stateside equity and bond markets have shown a relatively sanguine stance amidst escalating trade tension. This has been reflected in a resilience of the US markets as trade issues garner increasing investor attention,” John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said in a note. “Stateside the economic expansion continues to appear sustainable and expectations for a good Q2 earnings season remain in place. These factors continue to provide positive offset to concerns about trade.”
  • The S&P 500 has managed to scratch out a 4 percent gain year to date (as of Friday) despite the peaks and valleys of how the trade negotiations have transpired. When comparing exchange-traded funds that track major country indexes, no other developed nation has topped the U.S., with France coming closest at a 1 percent or so return, according to Bespoke Investment Management.
  • There’s reason to believe that the U.S. has more to gain than lose, at least in a macro sense, from a protracted trade battle.
  • Trade agreements implemented since the early 1990s — around the time NAFTA came into being — add about 0.2 percent a year to U.S. GDP, according to Societe Generale. Any reversal, then, would have a “modest impact” on the economy, the firm’s economists said.
  • For investors, then it’s a matter of calibrating risks and developing an appropriate response.

WallStreetJournalTradeWarManufacturedHOusingIndustryDailyBuisnessNewsmHProNews

Bloomberg Closing Ticker for MHProNews…

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

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

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

6.25.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

“Trade War Lost” – Ross, Cramer – ‘Trump Will Win’ Stocks Rebound, Plus MH Market Update

June 22nd, 2018 Comments off

6.22.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNewsU.S. Department of Commerce Secretary Wilbur Ross told Fox Business that the U.S. lost the trade war, it already happened. What President Trump is seeking is to reverse decades of lost trade battles.  CNBC’s Jim Cramer think the U.S. can win, but must do so fast

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.” ©

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

Selected headlines and bullets from CNN Money:

  • What higher wages means for Domino’s and McDonald’s
  • ZTE pays $1 billion fine to US over sanctions violations
  • Tariffs on European cars would hurt US auto jobs
  • Etsy sellers confront unknowns after Supreme Court ruling
  • Chipotle hopes quesadillas and milkshakes bring customers back
  • This group is getting ahead in America
  • OPEC strikes deal to increase oil production
  • Wall Street banks are healthier than ever
  • Self-driving Uber driver may have been streaming ‘The Voice’
  • GM’s new Chevy Blazer will be built in Mexico
  • What’s wrong with Starbucks
  • GM is bringing back the Chevy Blazer, an SUV classic
  • Harley-Davidson is spared tariffs by India
  • Take that, America. Europe’s tariffs take effect
  • Tech stocks are on fire
  • How to have a better relationship with money
  • ‘The Conners’ is happening, without Roseanne Barr
  • Your online shopping may get more expensive
  • An innovative way health care companies are finding new workers
  • Goldman Sachs: Buckle up. Trade war fears will likely get worse
  • American media keeps falling for Russian trolls
  • Turkey’s currency crash puts economy at heart of election
  • Airbus: Brexit chaos threatens our future in UK
  • Daimler warns US-China trade war will hit its profits
  • AT&T quickly rolls out streaming TV service after Time Warner deal
  • Intel CEO resigns after ‘past consensual relationship’ with employee
  • Judge rules CFPB’s structure is unconstitutional
  • Here’s how KitKats are made
  • Charles Krauthammer, legendary conservative intellectual, dies at 68
  • Corey Lewandowski dropped by speakers bureau after ‘womp womp’ comment
  • ‘Stranger Things’ caused an Eggo boom. Now sales are waffling

Selected headlines and bullets from Fox Business:

  • Trump to EU: Drop your tariffs on US goods or I’ll retaliate
  • President Trump fired a new warning shot to the European Union.
  • Oil climbs even as OPEC agrees to up production
  • Dow snaps losing streak as oil prices surge
  • GE should temporarily suspend dividend: Goldman
  • Online sales tax will benefit these states the most: Fitch
  • Chipotle shares rise as chain tests new menu items
  • GM to make Chevy Blazer SUV in Mexico
  • NBA Draft rookie pay scale: Here’s how much each player will earn
  • Monsanto trial over possible Roundup cancer link begins
  • 4 common mistakes in retirement planning
  • Internet sales tax ruling ‘rebalances things’
  • UPS, Teamsters reach handshake deal on new contract
  • Steel maker JSW to build new plant, invest $500M after Trump tariffs
  • Supreme Court adopts new rules for cellphone tracking
  • Charles Krauthammer dies at age 68
  • Chevy unveils new SUV: the Blazer
  • US has 25 million illegal immigrants: Texas Lt. Gov.
  • US dairy farmers ‘deeply concerned’ about exports situation
  • Internet sales tax ruling ‘rebalances things’

 

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

9MarketIndicatorsYahooFinance6.22.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.22.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

From now on, we expect trading relationships to be fair and to be reciprocal.”

– President Donald J. Trump

 That was just a few weeks ago, when the 45th president let the world know that he wasn’t going to take it anymore.  This is another campaign promise, not a surprise. 

CNBC’s Jim Cramer expects President Donald Trump will win his trade fight.

You just need it be done within the next three to six months because the world [economy] is slowing too quickly,” Cramer said.

DonaldTrumpTweetCNBCTariffsTradeBarriers20%BuildCarsHere

Cramer has indicated previously his belief that these policies can work.  Others, previously reported by the Daily Business News in our evening market report, have too.

The Dow broke its losing streak today, closing up.

Some bullets from CNBC on this topic today.

•          President Donald Trump will win his trade fight, CNBC’s Jim Cramer said Friday, but investors should hope it happens quickly.

•          “Stocks are getting cheap because I genuinely believe we are going to win the trade war,” Cramer said. “You just need it be done within the next three to six months because the world [economy] is slowing too quickly.”

•          Cramer spoke before Trump tweeted another tariff threat, this time targeting imported autos from the European Union.

•          This week, Trump also instructed the U.S. trade representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. That would be on top of the 25 percent tariff on up to $50 billion of Chinese products that the president unveiled last week. Those latter measures, announced on June 15, are set to start July 6.

•          The Trump administration put tariffs of 25 percent on steel imports and 10 percent on aluminum imports from Canada, Mexico and the European Union earlier this month.

•          There are many “false reports” that the administration will “let up” on its trade tactics, Cramer said. However, Cramer thinks Trump and his White House advisors “really believe they have China on the run.”

•          “Why make a truce?” Cramer asked, saying the thesis in the White House seems to be, “Why should we take our foot of the pedal? Why not just crush them.’”

•          On Tuesday, Cramer said he’s not worried yet about the escalating trade conflict between the United States and China.

•          Cramer contended that Trump has the upper hand. “The president is saying, ‘You know what guys [China] … we got more staying power than you, particularly with your stock market collapse.'”

Related Report:

As Trade War Talk Heats Up New Infographic Helps Visualize World’s Biggest Exporters

 

FromNowOnWeExpectTradingRelationshipsTobeFairandReceiprocalPresidentDonaldJTrumpMHProNews

Bloomberg Closing Ticker for MHProNews…

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

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

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

CNNmoney6.22.2018ManufacturedHomeStocksMarketsReportsMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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

As Trade War Talk Heats Up New Infographic Helps Visualize World’s Biggest Exporters

June 21st, 2018 Comments off

CNNmoney6.21.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere’s plenty of news on the trade front, which has once more contributed, per analysts, to a slip in the Dow.  Most manufactured housing connected stocks moved lower today as well.  So how do the world’s nation’s rank in terms of total exports?  How vulnerable are various economies, based upon those facts?  A new infographic and chart will help shed light on those topics, and is our spotlight feature 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.” ©

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.mhmarketingsalesmanagement.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Selected headlines and bullets from CNN Money:

  • Wall Street banks are healthier than ever
  • Goldman Sachs: Buckle up. Trade war fears will likely get worse
  • Your online shopping may get more expensive
  • Tech stocks are on fire despite global trade fears
  • Amazon and Walmart have a real competitor: Kroger
  • Here’s how KitKats are made
  • AT&T quickly rolls out streaming TV service after Time Warner deal
  • American media keeps falling for Russian trolls
  • Intel CEO resigns after ‘past consensual relationship’ with employee
  • The health care industry needs workers. So it’s turning to former factory and retail workers
  • Daimler warns US-China trade war will hit its profits
  • Turkey hits United States with retaliatory tariffs
  • Corey Lewandowski dropped by speakers bureau after ‘womp womp’ comment
  • ‘Stranger Things’ caused an Eggo boom. Now sales are waffling
  • This is why there are so few pictures of migrant children
  • Airlines ask the government not to fly separated children on their planes
  • Tesla sues ex-employee for hacking and theft. But he says he’s a whistleblower
  • Report: Prosecutors subpoena National Enquirer records in Michael Cohen investigation
  • Gun sales plunge for Smith & Wesson
  • Walmart ‘disturbed’ its former building is migrant shelter for kids
  • Shale exec: US will be the world’s biggest oil producer by the fall
  • Amazon, Berkshire and JPMorgan announce CEO of their health care company
  • CEOs call out Trump’s ‘heartless, cruel’ border policy
  • Seth MacFarlane, Judd Apatow and other Fox talent slam Fox News’ border coverage
  • China’s economy shows signs of slowing. A trade war won’t help
  • Why investors should bet on individual stocks
  • Facebook’s stock is at an all-time high
  • Wells Fargo’s ethics hotline calls are on the rise
  • Gatorade is going sugarless for the first time

Selected headlines and bullets from Fox Business:

  • China threatens to target Dow giants next in trade war
  • Dow slips 196 points as trade jitters continue
  • Trump proposes Postal Service revamp
  • Startup that makes robots for Walmart just raised another $29M
  • Bossa Nova said it plans to make hundreds of robots a month to meet new retailer demand.
  • Steel maker JSW to build new plant, invest $500M after Trump tariffs
  • NBA Draft rookie pay scale: Here’s how much each player will earn
  • GE’s Dow yank is ‘heartbreaking’: Bob Nardelli
  • US dairy farmers ‘deeply concerned’ about exports situation
  • States can now force online retailers to collect sales tax
  • Mark Meadows to FBN: I am not running for House Speaker
  • New 1040 tax form will be the size of a postcard
  • Intel CEO Brian Krzanich out over relationship with former employee
  • Internet sales tax ruling a win for brick-and-mortar retailers
  • Smith & Wesson owner sees weak gun sales in year ahead
  • American Outdoor Brands reported a sharp decline in 4Q and full-year sales.
  • Genesis, Kia, Hyundai lead the way in initial quality
  • How a for-profit company aims to help refugees by giving them jobs
  • Intel CEO Brian Krzanich out over relationship with former employee

 

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

9MarketIndicatorsYahooFinance6.21.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue6.21.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

There are those who think that the Trump Administration’s policy on tariffs, trade and negotiations are madness. Others, think it is overdue, and necessary.

We’ve seen recently expert takes by those who believe that the U.S. does have the upper hand.  A signal from some German automakers may reflect that possibility.

China is number one in exports, the U.S. is number 2.  What that suggests in part is that China needs us, more than we need them.  Yes, costs would go up those products were produced domestically, but after decades of so-called free trade – what the president calls unfair, stupid trade – will result in more U.S. jobs over time, and higher wages too.

Lumber and metals in manufactured homes are among the items that are imported, as well as some finished goods.  But they are needed in conventional construction too, so the margin of savings should remain similar.

ExportsofTopTenCountriesinTheWorldManufacturedHousingIndustryDailyBusinessNewsMHProNews

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

The logic of this statement can be applied to a variety of cases. For Lavin’s thoughts on trade, click here.

AsTradeWarTalkHeatsUpNewInfographicHelpsVisualizeWorldsBiggestexportersManufacturedHousingIndustryDailyBusinessNewsMHproenws

To see or download a larger version of this chart, without the headline, click here or the graphic above.

Related Reports:

Free Trade or Economic War?

“Trade War!” Buffett, Tudor Jones, Lloyd Blankfein React, Plus MH Market Updates

“Coming Collapse of China,” Trade War “Will be Easy to Win,” Plus MH Market Updates

Bloomberg Closing Ticker for MHProNews…

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

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

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

6.21.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

Your link to industry praise for our coverage, is found here.

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

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

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

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