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Posts Tagged ‘Vanderbilt Mortgage and Finance’

QE3’s Umph Fades?

September 26th, 2012 Comments off

2012-09-26_1517-graphic-credit-cnn-money-real-tick-posted-manufactured-home-marketing-sales-management-mhpronews.com-daily-business-news-market-reportQE3 was dollar devaluation in disguise for most other than savvy investors, so it is no wonder that market, housing and other prices ‘went up’ in its initial wake. But as economic realities are sinking in, the Dow lost ground as did the Yahoo! Finance’s Manufactured Housing Composite Index. CNN Money reports that the Dow fell to 13,413.51 off -44.04 / (-0.33%), up +9.79% for the year. The Manufactured Housing Composite value dropped -1.09% to 1072.4. Affiliated Managers Group Inc. (AMG) slid a fraction to 121.57 -0.02(-0.02%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as other MH home-building, lending and other housing suppliers parent company Berkshire Hathaway was the sole gainer among tracked stocks today, closing at 132,491.00 +6.00 (0.00%). Cavco Industries followed the day’s pattern, closing down 45.39 -0.69 (-1.50%). Drew dropped to 30.00 – 0.77(-2.50%). Unchanged for the day are Champion Enterprises, Deer Valley, Liberty Homes, Nobility Homes and Palm Harbor Homes. The SKY slid, Skyline Corp. 4.85 -0.22(-4.34%). Third Avenue Value Fund (TAVFX) 48.49 – 0.44 (-0.90%) (9.25.2012). Universal Forest Products Inc. (UFPI), 40.52 -1.27(-3.04%) and UMH Properties Inc. (UMH) 11.83  -0.08 (-0.67%). ##

 

(Graphic Credit: CNN Money/Real Tick)

 

Affiliated Managers close up, while most MH stocks slide

August 14th, 2012 Comments off

credit-cnnmoney-real-tick-posted-mhpronews.com-CNNMoney tells MHProNews that the Dow rose to 13,172.14+2.71 / +0.02%. The rise puts the Dow up +7.81% year-to-date. The Yahoo! Financial Manufactured Housing Composite Index rose +2.11 to close at 996.0. Affiliated Managers Group lead gainers116.07  +0.45(+0.39%), while other tracked stocks lost ground today before the closing bell. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway Berkshire Berkshire Hathaway 127375.00 -5.00‎ (0.00%‎), but rose +5.00 in after hours trading. Cavco slid to $ 46.06 -1.13  (-2.39%).  Champion Home Builders, Deer Valley Homes, Liberty Homes, Nobility Homes, Palm Harbor Homes and UFPI all remained unchanged. Drew Industries 28.84 -0.11(-0.38%). Equity LifeStyle Properties, Inc. (ELS) 69.10  0.02(0.03%)and slid a fraction after Hours: 69.02  0.01 (0.01%).  Louisiana-Pacific Corp. (LPX) 12.51  0.05(0.40%) but rose +0.05 (+0.42%) after hours.. Skyline Corp. (SKY) 4.55  -0.15(-3.19%). Third Avenue Value Fund (8.13) 46.85 -0.03(-0.06%). UMH Properties Inc. 11.01  0.10(0.90%). Universal Forest Products Inc. (UFPI) 33.31 0.00(0.00%). ##

(Graphic credit: CNNMoney/Real Tick)

Dow Recovers from Downgrades; UMH Spikes

June 22nd, 2012 Comments off

Despite Moody’s having downgraded 15 global banks—five of them major U.S. banks– after the close of the stock market yesterday, stocks rebounded as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +67.21 points, +0.53%, to close at 12,640.78. The Nasdaq rose +33.33 percent to 2,892.42, while the S&P gained +0.72 percent to 1,335.02. The Yahoo! Finance Manufactured Housing Composite fell -1.07 percent to close at 1,002.5. Housing stocks we track closed mixed. UMH Properties gained the most of stocks we follow, adding +8.30%, +0.83, to close at 10.83. Third Avenue Value Fund (6.21) dropped the most of tracked stocks, losing -2.24%, -0.99, to end the day at 43.18. Affiliated Managers Group 103.82 +1.09 (+1.06%). Cavco Industries 45.34 +0.21 (+0.74%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 122,670 +926.00 (+0.76%). Champion, Liberty Homes, Deer Valley, and Palm Harbor all remained unchanged. Drew Industries 27.00 +0.24 (+0.90%). Equity Lifestyle Properties 66.07 -0.99(-1.48%). Louisiana Pacific Corp. 10.45 +0.19 (+1.85%). Nobility Homes 6.39. -0.1099 (-1.69%). Skyline Corp. 4.22 +0.06 (+1.44%). Sun Communities 41.97 -0.48 (-1.13%). United Forest Products, Inc. 37.99 +1.08 (+2.92%).

(Gaphic credit: CNNMoney and RealTick)

Patrick Soars, Nobility Falls, Indexes Waffle

June 18th, 2012 Comments off

While the election in Greece produced a pro-bailout party win, concerns remain regarding the overall debt crisis in Europe, leading U.S. Stocks to close mixed. CNNMoney says the Dow Jones Industrial Average lost -25.35 points, -20%, to close at 12,741.82. The Nasdaq gained +0.78% to 2895.33, and the S&P moved up +0.14% to 1344.78. The Yahoo! Finance Manufactured Housing Composite lost -0.04 percent to close at 1010.9. Tracked housing stocks closed mixed, but Patrick Industries spiked +9.61 percent, +1.24, to close at 14.14, while Skyline Corp. notched a +5.92% gain. Nobility Homes lost the most of our tracked stocks, dropping -5.78%, -0.38, to close at 6.20. Affiliated Managers Group 103.79 -0.23 (-0.23%). Cavco 47.02 -0.39 (-0.82%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 123,300 -74.00 (-0.06%). Champion, Liberty Homes and Palm Harbor Homes all remained unchanged. Deer Valley 0.78 +0.02 (+2.50)%. Drew Industries 27.23 -0.34 (-1.23%). Equity Lifestyle Properties 68.73 -0.09 (-0.13%). Louisiana Pacific Corp. 10.01 +0.20 (+2.04%). Skyline Corp. 4.47 +0.25 (+5.92%). Sun Communities 43.06 +0.07 (+0.16%). Third Avenue Value Fund (6-15) 43.37 +0.57 (+1.33%). UMH Properties 10.08 +0.07 (+0.70%). Universal Forest Products, Inc. 38.05 -0.26. (-0.68%).

(Graphic credit: CNNMoney and RealTick)

Exclusive Video Interview with Kevin Clayton, CEO of Clayton Homes, a division of Warren Buffett’s Berkshire Hathaway

September 21st, 2011 4 comments

Up close and personal interview with Kevin Clayton, CEO of Clayton Homes, the largest factory built home-builder in the United States and a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway. For nearly one hour, author Robert Miles interviews Kevin Clayton on this University of Nebraska UNO Televion interview. Miles’ interview covers all aspects of Clayton Homes and related businesses from getting started by his father Jim Clayton, to taking over from his father, and to selling to Warren Buffett’s Berkshire Hathaway. Aspects of the Clayton company culture, the servant leadership business model, the need for an industry wide image and marketing campaign and much more are explored. One of the many great quotes is by Kevin Clayton quoting Warren Buffett, saying: “Kevin, it seems like the problem of your industry is resale.”

(Video credit: Interview by Robert Miles of Kevin Clayton)