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Posts Tagged ‘Warren Buffett’

Hyperloop Nearly Complete, Pros, Cons, Videos, MH Impacts – Plus Manufactured Housing Industry Investor Market Reports, Data

May 11th, 2018 Comments off

DowCNNMoney5.11.2018ManufacturedHousingIndustryDailyBusinessNewsMHproNewsBillionaire investor and inventor Elon Musk’s hyperloop is almost ready.  He’s going to give away free rides.  Details, pros and cons, and the potential impact for manufactured housing are our focus report for tonight.

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

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

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

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

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

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

Headlines and bullets from Fox Business.

  • Trump’s plan to lower drug prices: increased competition
  • The White House proposes eliminating the “middlemen.”
  • Symantec loses $6B in market value over mystery probe
  • F-150 not alone: GM, Fiat Chrysler hit by parts shortage
  • Dow index posts seventh straight day of gains
  • Starbucks’ Howard Schultz opens bathrooms to all after Philly incident
  • AT&T exec out in Michael Cohen payment scandal
  • Trump tariffs: California almond growers say China, US stand to lose
  • FCC fine of $120M for nearly 100 million robocalls in three months
  • Facebook plans to create its own cryptocurrency: report
  • In between agents? Damon Wayans Jr. could help you in the meantime
  • White House addresses fears of robots replacing humans: technology executive
  • Aflac toy robot for kids faces cancer with real feelings
  • GameStop CEO steps down after three months in role
  • Candace Owens rips media smear campaigns: Time for conservatives to ‘punch back’

 

Headlines and Bullets from CNN Money.

             Banks are walking away from low-income homebuyers

             The $2 billion food startup you’ve never heard of

             Piloting a drone can earn you $100,000 per year

             The self-driving car startup that the auto industry actually trusts

             Can this technology modernize how we vote?

             El Salvador may host 3D-printed home community

             She was too short to play Goofy. Then she invented Spanx. Now she’s a billionaire

             Before she became a CEO, Sarah Robb O’Hagan was fired and laid off

             How Richard Branson went from high-school dropout to billionaire entrepreneur

             When this billionaire entrepreneur started out, he was living in his car

             LinkedIn says these skills are crucial to landing a job in 2018

             Trump lays out his vision for lower drug prices

             Just who gets those big drug rebates?

             The oil market is about to get scary

             Accused robocall ‘kingpin’ fined a record $120 million

             AT&T CEO says hiring Michael Cohen ‘was a big mistake’

             Postal Service losses soar to $1.3 billion, but don’t blame Amazon

             ‘Impossible position’: Brexit is going nowhere fast

             Humanoid robot runs through the park by itself

             Elon Musk’s LA tunnel is almost finished — and he’s offering free rides

             Cisco yanks all its ads from YouTube

             Google’s plans to use AI to help the blind

             The most influential man in Silicon Valley 

             Trump lays out his vision for lower drug prices

             Just who gets those big drug rebates?

             The oil market is about to get scary

             Accused robocall ‘kingpin’ fined a record $120 million

             AT&T CEO says hiring Michael Cohen ‘was a big mistake’

             Postal Service losses soar to $1.3 billion, but don’t blame Amazon

             ‘Impossible position’: Brexit is going nowhere fast

             Humanoid robot runs through the park by itself 

The Closing Tickers:

ClosingTickers12marketIndicatorsYahooFinanceManufacturedHousingINdustryDailyBusinessNewsMHProNews600

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompositiveValue5.11.2018DailyBusinessNewsMHproNews

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 –

HyperloopEconomist

Elon Musk’s LA tunnel for the hyperloop is almost finished, reports CNN Money and others in media.

It represents Musk’s plan to beat Los Angeles traffic.

Musk, is known for Tesla, Space X and is the founder of the Boring Company.  He announced late Thursday the tunneling startup has nearly finished building its first stretch of a Los Angeles tunnel.

The tunnel will be a key component of its loop transport system, which will move people in their own cars or passenger “pods” for bicyclists and pedestrians. The high-speed system will allow people to bypass LA traffic, and thus get around the city faster.

But it is also a possible vision into how commuters from outside a metro could move more quickly into a city to do their work.  That would allow workers to buy homes – including manufactured homes – further out, where land and other costs would be lower.

Musk stated that the public will be offered free rides on his Loop service in the upcoming months, once the Boring company receives regulatory approval.

 

The company has sought a permit for a 2.7-mile tunnel in busy West Los Angeles, but its overall vision includes a 60-mile tunnel network that would be one of the largest subway networks in the United States.

Musk said pedestrians and cyclists will receive priority access to the tunnels, and that access will cost less than a bus ticket.

Two videos give you more insights, the first is pithy, the second is more in depth and gives added background to hyperloop.

CBS News

 

The Economist

White House Official Statement on Artificial Intelligence – Industry and Business Summit

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).

BloombergWatchlistManufacturedHousingIndustryConnectedStocskClosingBellBerkshire 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.  Comparisons on traffic compared to MHI, others – linked here.

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

We 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.)

l_a_tony_kovach__mhlivingnews__credit

L. A. “Tony’ Kovach., publisher, MHProNews.com MHLivingNews.com

By L. A. ‘Tony’ Kovach.

 

Communities and Counties Pay People to Move There, Plus Manufactured Housing Industry Market Reports

May 10th, 2018 Comments off

CNNMoney5.10.2018ICYMI, yes, you read that headline correctly.  There are cities and towns that pay you to move there, or to live there. This could be useful information for manufactured home marketers in or near these areas. That will be our spotlight 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

Headlines from CNN Money.

  • Wells Fargo owes $97 million to California workers
  • China is the big wild card in Trump’s Iran decision
  • Iran fears send US oil above $70 for first time since 2014
  • Apple’s game-changing iMac turns 20 years old
  • Allegations against Junot Díaz leave book world asking tough questions
  • Emerging markets wobble: Argentina hikes rates to 40%
  • Ford suspended production of the F-150. Here’s what that means
  • When will Ford run out of F-150s?
  • Will Ford’s suspension impact you?
  • Ford dropping all but 2 cars from its North American dealerships
  • Why Ford’s decision to drop sedans makes sense
  • Why you might want both a traditional 401(k) and a Roth
  • You’re a saver, but you married a spender
  • When is an annuity a good choice?
  • LinkedIn says these skills are crucial to landing a job in 2018

 

Headlines from Fox Business.

  • Dow turns positive for 2018 as inflation concern eases
  • Wednesday’s gains pushed the S&P 500 back up for the year.
  • Visa glass ceiling scrutinized in CEO meeting
  • Iran oil ban: Can US make up for shortfall?
  • Wells Fargo ensnared in pension fund snafu
  • Novartis cites ‘mistake’ in paying Trump lawyer
  • Peyton Manning reportedly asked to join Carolina Panthers ownership bid group[overlay type]SPORTS
  • The two-time Super Bowl champion quarterback is said to be considering an offer from billionaire Ben Navarro.
  • NTSB probing 4th Tesla crash
  • Snap co-founder Evan Spiegel named highest-paid CEO of 2017
  • Why the Ford F-150 is a profit machine
  • US should revive enhanced interrogation techniques: Dick Cheney
  • Iran nuclear ambition may draw US into war: Leon Panetta
  • Trump DOJ to Comcast, ‘public enemy No.1’: Not so fast!
  • Have a virus? It’s allergies, Dr. Mike says
  • Spotify bans R. Kelly from playlists as hate policy announced
  • Gasoline prices: These states are paying the most
  • Bouqs CEO John Tabis talks ‘Shark Tank’ rejection, tips for entrepreneurs

The Closing Tickers:

9marketClosingIndicatorsYahooDailyBusinessNewsManufacturedHousingIndustryMHProNews

Manufactured Housing Composite Value (MHCV)

ManufacturedHousingCompositeValue

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 –

CNN Money’s mostly right on this report, per other sources, and there is enough correct where the report is worth sharing.  The issue is CNN making the claim overly broad, about rural areas losing population.  Some areas are, others are not.

For example, Pew Research said about a year ago that there is a move toward more rural areas, so there is at least a dispute on that issue.

That some communities are losing population is not in dispute.

What is certain is that there are rural towns and counties that pay you to move there, or give other incentives. This might be useful information to marketers of manufactured and modular homes.

According to Brookings, the “US population disperses to suburbs, exurbs, rural areas, and “middle of the country” metros, per William H. Frey on Monday, March 26, 2018.”

So CNN could be wrong overall on the move away from rural areas, but that these towns, counties or even a state are giving people incentives, that’s a fact at this time.

CNNMoneyDecliningRuralPopulationDailyBusinessNewsMHproNews

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).

BloombergWatchListDailyBusinessNewsMHProNews

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.  Comparisons on traffic compared to MHI, others – linked here.

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

We 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.)

l_a_tony_kovach__mhlivingnews__credit

L. A. “Tony’ Kovach., publisher, MHProNews.com MHLivingNews.com

By L. A. ‘Tony’ Kovach.

Uber Flying Taxis, Manufactured Housing Impact – Plus Manufactured Home Industry Market Data, Updates

May 9th, 2018 Comments off

CNNmoney5.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt may not seem at first blush that Uber’s ambitious, announced plans for flying taxis has any connection with manufactured housing.  But those who think that may not have thought about the impact of hyper-loops on manufactured homes either.  That will be our market focus for tonight.

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

 

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

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

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

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

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

Selected headlines and bullets from CNN Money:

 

  • Ford suspends production of F-150 trucks
  • Sturm Ruger shareholders approve a gun violence study
  • Changes at CFPB’s student loan division worry advocates
  • Facebook executive shuffle highlights that men still run its big products
  • Amazon shows off Alexa-filled homes of the future
  • Salem executives pressured radio hosts to cover Trump more positively, emails show
  • Trump administration selects 10 cities to test drones
  • Seattle companies voice opposition to proposed tax to fight homelessness
  • They’re on H-4 visas. They’re afraid they’ll lose their jobs
  • US sanctions deal body blow to Iran’s economy
  • China’s ZTE says main operations have ceased after US ban
  • Venezuela’s once-proud oil industry is collapsing
  • Democratic Senators call for investigation into AT&T’s Michael Cohen payments
  • AT&T confirms it paid Trump lawyer Michael Cohen’s company
  • Higher gas prices could spoil Trump’s tax cuts
  • Iran deal: Who loses as US sanctions return
  • Can Europe keep doing business with Iran?
  • Analysis: What Trump’s Iran decision means for oil and gas prices
  • America’s biggest oilfield is running out of pipeline
  • The big wild card in Trump’s Iran decision
  • ‘Fortnite’ is red hot, but EA and Activision are still thriving
  • Ahead of US midterms, tech companies stumble in Irish abortion vote
  • F-150s could be in short supply after plant fire
  • Walmart revamps global strategy
  • Walmart buys India’s Flipkart
  • Trump’s latest shot at the press corps: ‘Take away credentials?’
  • MSNBC gives ‘verbal warning’ to host Hugh Hewitt over Pruitt meeting
  • NBC internal report: Leadership did not know about Lauer behavior
  • Government asks judge to force AT&T to sell Turner or DirecTV

Selected headlines and bullets from Fox Business:

  • Will California solar mandate burn home buyers?
  • Dow posts five-session winning streak
  • Iran deal exit: Boeing plays down revenue loss
  • Trump lawyer Cohen paid by these companies
  • Crude oil surges on prospect of Iran supply cut
  • Sears partnership with Amazon buoys stock
  • The legacy chain will install tires for customers who buy them on the e-commerce site.
  • Match CEO: Facebook users won’t be ‘comfortable’ using new dating service
  • Ford halts F-150 production, says no impact on 2018 profit
  • Gasoline prices: Will Iran deal exit push them even higher?
  • Trump lawyer payment allegations a matter of ‘optics’ right now: Judge Nap
  • Best Buy unveils new logo
  • Obama legacy just went up in smoke: Sebastian Gorka
  • Papa John’s sales decline after NFL deal ends
  • 21st Century Fox beats revenue outlook, narrowly misses on earnings
  • North Korea policy is disruptive in good way: El-Erian

 

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

S&P 500 2,697.79 +25.87(+0.97%)

Dow 30 24,542.54 +182.33(+0.75%)

Nasdaq 7,339.91 +73.00(+1.00%)

Russell 2000 1,596.05 +9.66(+0.61%)

Crude Oil 71.24 +0.10(+0.14%)

Gold 1,312.50 -0.50(-0.04%)

Silver 16.51 -0.03(-0.18%)

EUR/USD 1.1855 +0.0004(+0.03%)

10-Yr Bond 3.00 +0.04(+1.18%)

 9MarketIndicatorsYahooFinance5.9.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.9.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Uber is releasing new information about Uber Air, an ambitious plan to launch a fleet of autonomous flying taxis in two years,” says CBS News. “Bianna Golodryga gets a first look at the design models that will be on display at Tuesday’s Uber Elevate Summit. She also speaks with Uber CEO Dara Khosrowshahi and Chief Product Officer Jeff Holden.”

Why does this prospect potentially matter to manufactured housing?

As the nation’s population is mostly urban and suburban – and if HUD continues to fail to enforce manufactured housing’s “enhanced preemption” – then modes of transportation that could speed people from exurbs into the metro are promising for manufactured housing growth.

For more details, see our previous report on the hyperloop, linked below.

Can the Hyperloop Benefit Manufactured Housing, Millions of Home Seekers? w/Videos

CBSUberFlightPlanManufacturedHousingIndustryDailyBusinessNewsMHproNews

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).

5.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.  Comparisons on traffic compared to MHI, others – linked here.

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

We 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.)

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

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

May 9th, 2018 Comments off

WarrenBuffettKevinClaytonTimWilliamsClaytonHomes21stMortgageBerkshireHathawayManufacturedHomeLoansMonopolisticConcernsLogoMHProNews

During a crisis, when people are desperately trying to swim for shore, details can often get lost in the fog of panic and pressure.

Thus, some issues only come into focus after a crisis – like the 2008 housing/mortgage meltdown – has come and gone.

When the Urban Institute or others study the manufactured home industry, and they ask why it is at such relatively low ebb, these two documents ought to be among the top exhibits examined.

When federal officials, investors and others wonder why manufactured homes haven’t done better, given the affordable housing crisis, these two documents are an important starting point.

And when independent manufactured home retailers are wondering about the future – as in which supplier(s) and service providers they should use – an adage ought to be applied.  Namely, that a reasonable predictor of future behavior is past behavior.

This Smoking Gun 3 report and analysis will look at two historic documents:

  • an annual letter from Warren Buffett to his shareholders,
  • married up against the letter from Tim Williams, 21st Mortgage Corp President and CEO, which is a Berkshire Hathaway owned unit, and a ‘sister’ company to Clayton Homes.

 

Quotes from Buffett’s Letter

WarrenBuffettBerkshireHathawayChairmanManufacrturedHOusingINdustryDailyBusinessNewsMHProNewsOur gain in net worth during 2009 was $21.8 billion, which increased the per-share book value of both our Class A and Class B stock by 19.8%. Over the last 45 years (that is, since present management took over) book value has grown from $19 to $84,487, a rate of 20.3% compounded annually,” said Warren Buffett, Chairman of Berkshire Hathaway, in his 2009 annual letter to shareholders.

Here are a few examples of how we apply Charlie’s [Munger, Berkshire Vice-Chairman] thinking at Berkshire: Charlie and I avoid businesses whose futures we can’t evaluate.”

In manufactured housing, that meant that Buffett and Munger had no doubt about the future of the industry.  Investors, take note.

When the financial system went into cardiac arrest in September 2008, Berkshire was a supplier of liquidity and capital to the system, not a supplicant. At the very peak of the crisis, we poured $15.5 billion into a business world that could otherwise look only to the federal government for help,” said that same 2009 annual letter. What did that mean for manufactured housing professionals?

Simply this.

That the 21st Mortgage Corporation letter to independent retailers includes claims that were at best a mistaken, misleading – or even false – assertions.

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. To see the PDF of this document, click here or above.

Berkshire made money that year.

Buffett’s conglomerate lent billions that year, his letter said. Yet, 21st had the chutzpah to claim they couldn’t lend to manufactured housing retailers that didn’t carry Clayton product?

Buffett’s own words – plus Tim Williams letter to retailers – seem to be in conflict on claims and/or facts.

Wouldn’t a reasonable person be led to believe that Williams was widening the Berkshire moat by choking off lending to independents?

Indeed, many of those companies later sold off to others – including Clayton – for less than they would in a more normal economic circumstance.

Scores of manufactured home connected companies of all sizes, slid into oblivion. Among those firms were those that had years of prior success, and good service to their customers.

How many retailers failed?  How many communities lost the benefits of having retailers sell homes into their properties?  How many factories supporting those retailers sold out for less, or failed as a result of the above?

 

What Buffett Said – Who’s Responsible?

We tend to let our many subsidiaries operate on their own, without our supervising and monitoring them to any degree…Most of our managers, however, use the independence we grant them magnificently, rewarding our confidence by maintaining an owner-oriented attitude that is invaluable and too seldom found in huge organizations,” said Buffett that year.

But it should also be recalled that Buffett preaches about widening the moat.   See all of the Buffett videos on the key Kevin Clayton videos on the page, linked here, or watch the two videos posted below.

Buffett referenced this from his 2008 annual letter, “We are certain, for example, that the economy will be in shambles throughout 2009 – and probably well beyond – but that conclusion does not tell us whether the market will rise or fall.”  He chastised many in media for sensationalism, in quoting only have of that, and added: “Any investors who were misled by the sensationalists paid a big price: The Dow closed the day of the letter at 7,063 and finished the year at 10,428.”

Skipping deeper into that 2009 Buffet annual letter to Berkshire shareholders, we find the section that deals with Clayton Homes, and manufactured housing.

 

Smoking Gun 3…”

“Finance and Financial Products

Our largest operation in this sector is Clayton Homes, the country’s leading producer of modular and manufactured homes. Clayton was not always number one: A decade ago the three leading manufacturers were Fleetwood, Champion and Oakwood, which together accounted for 44% of the output of the industry. All have since gone bankrupt. Total industry output, meanwhile, has fallen from 382,000 units in 1999 to 60,000 units in 2009.”

By the way, the industry shipped 372,000+ in 1998 – not 1999. And in 2009, the total shipments were under 50,000 homes  So that last sentence above has two fact errors.

The collapse of so many companies in manufactured housing has several causes.  But cutting off capital – in the form of lending – has to be high on the list, if not on top.

After all, Harvard’s Eric Belksy said credit is the lifeblood of housing.  At the very time – post 2008 – when hundreds of thousands were walking away from site-built housing due to mortgages they couldn’t afford, why didn’t manufactured housing spike?  Does this choking off of lending and capital – reflected in the 21st letter above – explain why?

But why would Berkshire Hathaway units choke off business for the industry, some ask?

Answer – Buffett routinely says, grow the moat, per Kevin Clayton in the video posted below.  Indeed, the Berkshire/Clayton Homes “moat” grew rapidly from 2009 to 2017.

Kevin Clayton says in the video below that in 2011, Clayton Homes was 25 percent of the industry’s production. By the end of 2017, per Berkshire’s data, it was about 50 percent of the industry’s production. Doesn’t cutting off lending explain that rapid growth in market share? Isn’t that a monopolistic ploy – a market share grab – hiding in plain sight?

What Buffett next describes in his annual letter as an overhang – meaning overproduction – of new housing in the U.S.  He said that the severe drop in new housing starts “Paradoxically, this is good news.”

The second reason that manufactured housing is troubled is specific to the industry: the punitive differential in mortgage rates between factory-built homes and site-built homes,” said Buffett, and he gave a disclaimer that the 21st letter did not phrase in a similar way.  “Before you read further, let me underscore the obvious: Berkshire has a dog in this fight, and you should therefore assess the commentary that follows with special care. That warning made, however, let me explain why the rate differential causes problems for both large numbers of lower-income Americans and Clayton.”

The residential mortgage market is shaped by government rules that are expressed by FHA, Freddie Mac and Fannie Mae. Their lending standards are all-powerful because the mortgages they insure can typically be securitized and turned into what, in effect, is an obligation of the U.S. government. Currently buyers of conventional site-built homes who qualify for these guarantees can obtain a 30-year loan at about 5 1⁄4%. In addition, these are mortgages that have recently been purchased in massive amounts by the Federal Reserve, an action that also helped to keep rates at bargain-basement levels.

In contrast, very few factory-built homes qualify for agency-insured mortgages. Therefore, a meritorious buyer of a factory-built home must pay about 9% on his loan. For the all-cash buyer, Clayton’s homes offer terrific value. If the buyer needs mortgage financing, however – and, of course, most buyers do – the difference in financing costs too often negates the attractive price of a factory-built home.

This was another odd statement, as the more accurate phrasing would be “…negates [some of] the attractive price of a factory-built home,” as the Fannie Mae graphic below from 2011 reflects.

fanniemae-2011-chart1-affordable-manufactured-housing-posted-daily-business-news-mhpronews-

The price difference between much of conventional and new manufactured housing is so great, that even with higher interest rates, the manufactured home remains the bargain in both price and monthly payments.

So both Buffett and Williams made several questionable statements, and some outright fact errors.  But the key is that Buffett’s letter reveals that 21st could have had the money they told their retailers they didn’t have.  The result, was a contraction of credit that killed off businesses or forced many to sell out for less.  Isn’t that monopoly power at work?

 

Two Sides of the Story

It is important to note, that we’ve given several voices with Berkshire Hathaway brands and the Manufactured Housing Institute (MHI) numerous opportunities to explain these seemingly contradictory matters, in writing and/or on stage and by video.

Is there is another explanation that what’s shown in this analysis?  If so, please, let MHI – which has been viewed by voices inside and outside of manufactured housing as dominated by Berkshire Hathaway for years – Mr. Buffett, or leaders of any of Berkshire owned manufactured home brands explain it.

They’ve repeatedly demurred, and we’ve documented several of those outreaches.

So, quoting directly from Berkshire Hathaway or Manufactured Housing Institute (MHI) source documents is the next best thing to presenting “both sides” of the story.  Facts, balance, evidence all matters.

 

Back to the Buffett 2009 Annual Letter

Last year I told you why our [manufactured home] buyers – generally people with low incomes – performed so well as credit risks. Their attitude was all-important: They signed up to live in the home, not resell or refinance it. Consequently, our buyers usually took out loans with payments geared to their verified incomes (we weren’t making “liar’s loans”) and looked forward to the day they could burn their mortgage. If they lost their jobs, had health problems or got divorced, we could of course expect defaults. But they seldom walked away simply because house values had fallen. Even today, though job-loss troubles have grown, Clayton’s delinquencies and defaults remain reasonable and will not cause us significant problems.”

We have tried to qualify more of our customers’ loans for treatment similar to those available on the site-built product. So far we have had only token success. Many families with modest incomes but responsible habits have therefore had to forego home ownership simply because the financing differential attached to the factory-built product makes monthly payments too expensive. If qualifications aren’t broadened, so as to open low-cost financing to all who meet down-payment and income standards, the manufactured-home industry seems destined to struggle and dwindle.”

Once more, by way of analysis, Fannie Mae’s data is different.  But the Government Accountability Office (GAO) also had similar statistics, which demonstrated that even with a somewhat higher finance rate, because of the far lower home price, monthly payments on manufactured homes are still typically considerably less.

But there’s another problem with Buffett’s statement above. The manufactured home (MH) industry has experienced prior shipment levels far higher then – or now – and MH did it with higher interest rates than conventional housing. Pardon me, sir, but shouldn’t that paragraph be rephrased?

TimWilliams21stMortgageCEOMHProNews

Tim Williams, CEO, 21st Mortgage Corp. Photo credit, MHProNews.com

Furthermore, Tim Williams of 21st Mortgage took steps that several sources indicated would contribute to the Government Sponsored Enterprises (GSEs) not making an earlier, and more robust entry, into the manufactured housing marketplace. 

That report, which quotes from Williams and others, is linked below.

In other words, there are several third parties and multiple sources – including Williams – that made it clear that Berkshire operatives took steps that could predictably cause the GSEs not to enter manufactured housing earlier, or more robustly.

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

As Mark Weiss, president and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) has said, every day that the GSEs don’t robustly provide chattel and other lending for manufactured housing is a gift to Berkshire Hathaway.

Bingo.

Continuing from the Buffett 2009 annual letter:

Even under these conditions, I believe Clayton will operate profitably in coming years, though well below its potential. We couldn’t have a better manager than CEO Kevin Clayton, who treats Berkshire’s interests as if they were his own. Our product is first-class, inexpensive and constantly being improved. Moreover, we will continue to use Berkshire’s credit to support Clayton’s mortgage program, convinced as we are of its soundness. Even so, Berkshire can’t borrow at a rate approaching that available to government agencies. This handicap will limit sales, hurting both Clayton and a multitude of worthy families who long for a low-cost home. In the following table, Clayton’s earnings are net of the company’s payment to Berkshire for the use of its credit. Offsetting this cost to Clayton is an identical amount of income credited to Berkshire’s finance operation and included in “Other Income.” The cost and income amount was $116 million in 2009 and $92 million in 2008.

 

Summing Up “Smoking Gun 3”

Tim Williams claimed in the letter sent to retailers that 21st didn’t have sufficient access to money.

Yet, Warren Buffett said that money was being provided to Clayton and affiliates.

Buffett also said that same year, that they loaned money to others.  If they loaned it to others, then why not to 21st and through them, to independents? ## (News, analysis, and commentary.)

(Third-party images are provided under fair use guidelines.)

Related Reports:

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

 

LATonyKovachMHProNews-com-

L. A. ‘Tony’ Kovach addressing industry professionals in an educational session.

By L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

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Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Stocks Mixed After POTUS Trump Announcement, Plus Manufactured Housing Industry Market Updates

May 8th, 2018 Comments off

CNNmoney5.8.2018ManufacturedHomeStocksMarketsReportsMHProNewsPerhaps investors in the markets had already “priced in” the anticipated announcement by President Donald J. Trump of his withdrawal from the Iran deal negotiated by President Barack Obama Administration point man, then Secretary of State, John Kerry. Market impact is our focus for tonight.

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

 

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

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

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

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

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

Selected headlines and bullets from CNN Money:

 

  • Why Comcast and Disney both want to buy Fox
  • Government asks judge to force AT&T to sell Turner or DirecTV
  • BlackRock strategist on how you should invest
  • America’s biggest oilfield is running out of pipeline
  • Argentina in talks with IMF for credit line
  • Job openings in the United States just hit a record
  • Elon Musk spends $10 million of his own money on Tesla shares
  • World’s biggest carmaker may face new emissions scandal
  • Christiane Amanpour named as Charlie Rose’s official replacement
  • Should Millennials get $13,500 to close the generation gap?
  • Scared of running out of money in retirement? A ‘personal pension’ could be for you
  • 5-minute moves to make you feel more financial secure
  • When credit ratings become casualties of health care
  • Facebook bans foreign ads in Ireland’s abortion vote
  • Trump officials say no to lifetime limits on Medicaid
  • More Americans say they’ll buy an electric car
  • Japan’s biggest ever deal: Takeda buys Shire for $62 billion
  • US and China announce Round 2 of trade talks
  • The South Korean company preparing to do business in North Korea again
  • Apple stock hits all-time high
  • Attendance is up at SeaWorld. Is the worst over?
  • Bank of America is still working with gunmaker Remington
  • Warren Buffett: Bitcoin is ‘rat poison’
  • Walmart tightens its opioid prescription policies
  • Just who gets those big drug rebates?
  • Electric Winnebagos are coming soon

Selected headlines and bullets from Fox Business:

  • Boeing deal in question after Iran decision
  • Oil falls as Trump avoids immediate sanctions
  • Kerry dismisses Trump’s warning to stay away
  • Deal exit allows Iran to wreak havoc: ex-Shell exec
  • Dow little changed as Trump exits Iran deal
  • Midterm elections and stocks: How investors can gain no matter who wins
  • Regardless of the outcome, Wells Fargo expects equities will be higher at year-end.
  • New York AG’s resignation was ‘bubbling below the surface’: Judge Nap
  • Disney shares rise on earnings, revenue beat
  • Here’s what Gary Cohn won’t do next
  • Comcast preparing all-cash $60B bid for 21st Century Fox assets: report
  • Would California solar mandate burn home buyers?
  • Health care plays big role in race for AI dominance
  • IBM bets big on ‘industry game changer’
  • NASCAR for sale? Ex-McDonald’s CEO Ed Rensi wants in
  • MoviePass parent shares plunge on cash deficit, AMC criticism

 

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

S&P 500 2,671.92 -0.71(-0.03%)

Dow 30 24,360.21 +2.89(+0.01%)

Nasdaq 7,266.90 +1.69(+0.02%)

Russell 2000 1,586.39 +7.44(+0.47%)

Crude Oil 69.97 -0.76(-1.07%)

Gold 1,314.90 +0.80(+0.06%)

Silver 16.51 +0.01(+0.09%)

EUR/USD 1.1865 -0.0056(-0.47%)

10-Yr Bond 2.97 +0.02(+0.64%)

 9MarketIndicatorsYahooFinance5.8.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.8.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Stocks were little changed Tuesday after President Donald Trump announced that the U.S. would pull out of the Iran deal championed by his predecessor, Barack Obama,” said Fox Business.

According to Trump, the deal allowed Iran to continue developing nuclear weapons, and he called the country the “leading state sponsor of terror,” per their report.

President Trump added that “we will be reinstating the highest level of sanctions.”

Stocks were lower immediately before Trump’s announcement, with the Dow down by about 60 points. They turned mixed in the aftermath of Trump’s comments, with the Dow swinging between gains and losses,” per their report.

If the president is as successful with this move as it appears he has been with North Korea, it could end up a net boost to the economy, although there is certain to be some related turbulence ahead.  Stay tuned.

 

CharlesPayneFoxBusinessMarketsMixedPotusTrumpAnnouncemnt

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).

5.8.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.)

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

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

Warren Buffett on President Trump’s Tax Cut, Berkshire Video, Plus MH Stocks, Market Update$

May 7th, 2018 Comments off

CNNmoney5.7.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere’s plenty to unpack from the Berkshire Hathaway annual meeting.  One of the revelations is Warren Buffett’s on-camera statement on what they’re doing with the tax cuts that President Donald J. Trump championed.  That’s our focus report for this evening.

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

 

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

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

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

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

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

Selected headlines and bullets from CNN Money:

  • $70 oil will create headaches for these companies
  • Walmart tightens its opioid prescription policies
  • Warren Buffett says bitcoin is ‘rat poison’
  • Why US companies are changing their websites to please China
  • Electric Winnebagos are coming soon
  • One of Europe’s top airlines is in crisis
  • China’s ZTE to US: Let us buy American technology again
  • Nestle is paying $7.2 billion to sell Starbucks coffee
  • Oreo maker scoops up Tate’s chocolate-chip cookies
  • Nasdaq CEO: We need more female leaders in the financial industry
  • Just who gets those big drug rebates?
  • Will your expenses stay the same in retirement?
  • What happens when your pension fund runs out of money
  • White House calls China’s warning to airlines ‘Orwellian nonsense’
  • Warren Buffett is not too worried about a trade war
  • How Trump’s false claim about African American support happened
  • Sale of Cambodian paper raises alarm bells
  • Denver Post staffers protest ‘censorship’ of editor who criticized owner
  • ‘Avengers: Infinity War’ makes $1 billion in a record 11 days
  • How Charlie Rose could make a comeback, according to one of his accusers
  • Allegations against Pulitzer-winning author leave book world with tough questions
  • Stormy Daniels makes cameo on ‘SNL’ to mock President Trump
  • Apple’s game-changing iMac turns 20 years old
  • We asked how Trump’s tax cuts were affecting CNNMoney readers. Hundreds responded
  • Are you obligated to report sexual harassment at work?
  • Elon Musk kinda, sorta admits he messed up

Selected headlines and bullets from Fox Business:

  • Buffett stands by Wells Fargo as bank launches brand campaign
  • Dow rises as Warren Buffett love fest buoys Apple to new high
  • 5 key takeaways from Berkshire Hathaway’s annual meeting
  • S. oil rises above $70 for first time since November 2014
  • Nestle places $7B bet on America’s thirst for Starbucks
  • Why Bank of America is funding rifle maker despite pledge to end gun support
  • Wells Fargo, Fifth Third Bank and Deutsche Bank are also supporting bankrupt Remington.
  • Nancy Pelosi won’t be House speaker, GOP will keep majority: Rep. Kevin McCarthy
  • Obamacare calorie count rules a boon to restaurants: Bar Rescue’s Jon Taffer
  • Carl Icahn sells stake in insurance giant AIG: report
  • College campuses churning out talented workers: Oracle CEO
  • High school to conservative alum: You’re not welcome
  • New York City drops minimum wage ‘bomb’
  • SNL’s Stormy Daniels Trump sketch went ‘over the line’: Joe Piscopo
  • Tax reform benefit: These states are seeing a revenue boost
  • Elon Musk, SpaceX pave way for space company to mass-produce tiny rockets

 

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

S&P 500 2,672.63 +9.21(+0.35%)

Dow 30 24,357.32 +94.81(+0.39%)

Nasdaq 7,265.21 +55.60(+0.77%)

Russell 2000 1,578.95 +13.34(+0.85%)

Crude Oil 70.02 +0.30(+0.43%)

Gold 1,314.40 -0.30(-0.02%)

Silver 16.50 -0.01(-0.08%)

EUR/USD 1.1923 -0.0035(-0.29%)

10-Yr Bond 2.95 +0.006(+0.20%)

 9MarketIndicatorsYahooFinance5.7.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.7.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Fox Business with some cutaways from this weekend’s Berkshire Hathaway annual meeting, including Chairman Warren Buffett’s statement on the impact of the tax reform legislation on the conglomerate.

Do you recall what Buffett’s stance was during the 2016 election cycle?  Interesting statement, isn’t it?

WarrenBuffettPresidentialCanddiateDonaldTrumpSolidBaseLongTimeCNBCDailyBusinessNewsMHProNews

Warren Buffett quote on presidential candidate Donald J. Trump and his supporters.

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).

5.7.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.)

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

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

Warren Buffett’s Big Bet Raises Stock$, Plus Manufactured Home Industry Connected Stocks, Investor Market Data

May 4th, 2018 Comments off

CNNmoney5.4.2018ManufacturedHomeStocksMarketsReportsMHProNewsAs an investment and business guru told MHProNews today, one person can move the markets.  He was talking about Warren Buffett, and his big bet on Apple. That will be the focus for our market report 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:

  • Elon Musk kinda, sorta admits he messed up
  • We asked how Trump’s tax cuts were affecting CNNMoney readers. Hundreds responded
  • Warren Buffett just bought a ton more shares of Apple
  • Unemployment is below 4% for the first time since 2000
  • Oprah has made a killing on Weight Watchers stock
  • Argentina hikes interest rates to 40%
  • Warren Buffett speaks on Saturday. Here are 6 things to watch for
  • Why Volkswagen can’t ignore new diesel cover-up claim
  • Volkswagen ex-CEO charged with fraud
  • Three women sue Charlie Rose, CBS News for sexual harassment
  • Denver Post editor resigns in protest: ‘I was being boxed in’
  • Inside the business model of a ‘baby Breitbart’
  • Paramount CEO: It’s a ‘great time’ to be a content creator
  • How GE’s inventions changed American life
  • 5 questions to ask yourself before buying an annuity
  • The US-China trade talks just ended. Here’s what we know
  • Xerox CEO is back as board does shock U-turn
  • He created vegan mayo. Now, this CEO wants to end world hunger
  • Upstart airline snubs one of Europe’s top airlines … twice
  • Twitter says all 336 million users should change their passwords

Selected headlines and bullets from Fox Business:

  • Dow posts triple-digit gains with help from Apple
  • Apple buoyed by Buffett, posts a record closing high
  • Job-hopping is on the rise and the Fed likes what it sees
  • Nike CEO apologizes for a ‘boys club’ atmosphere
  • New York City drops minimum wage ‘bomb’
  • Restaurants can’t afford increases, owner says.
  • CBS-Viacom talks: Shari Redstone said to make concession
  • New York’s Plaza Hotel to sell for $600M
  • Tesla CEO Elon Musk doubles down on ‘bonehead’ remark
  • Kentucky Derby: A look back at the highest paid racehorses
  • White House rips Paul Krugman for ‘nothing burger’ tax remarks
  • Black leadership engaged in the race business: Candace Owens
  • WWE star Glenn ‘Kane’ Jacobs welcomes tax exodus to Knox County, Tennessee
  • India’s Flipkart approves majority stake sale for $15B to Walmart-led group, report
  • Warren Buffett’s top stocks: Have they changed?

 

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

S&P 500 2,663.42 +33.69(+1.28%)

Dow 30 24,262.51 +332.36(+1.39%)

Nasdaq 7,209.62 +121.47(+1.71%)

Russell 2000 1,565.60 +19.05(+1.23%)

Crude Oil 69.78 +1.35(+1.97%)

Gold 1,315.50 +2.80(+0.21%)

Silver 16.55 +0.10(+0.60%)

EUR/USD 1.1965 -0.0022(-0.19%)

10-Yr Bond 2.94 -0.00(-0.07%)

 9MarketIndicatorsYahooFinance5.4.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.4.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 will make about $700 million annually on Apple’s dividend alone,” said CNBC.

According to CNBC,

  • Berkshire Hathaway’s large Apple stock holding will pay big dividends for the company.
  • On Tuesday the smartphone maker announced a quarterly dividend increase of 16 percent, to 73 cents a share.
  • Buffett revealed to CNBC that Berkshire bought an astounding 75 million shares of Apple during the first quarter. That adds to the 165.3 million shares Berkshire already owned at the end of 2017.

The big Berkshire Hathaway annual meeting is upon us.  For some prior Warren Buffett and Kevin Clayton related videos, please click the link below.  You’ll here about “the Moat,” and so much more.

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

 

WarrenBuffettCNBCManufacturedHousingIndustryDailyBusinessNewsMHProNews

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).

5.4.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.)

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

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

Crude Oil Continues Rise, MH Impact and Manufactured Housing Industry Stock Market Updates

May 3rd, 2018 Comments off

CNNmoney5.3.2018ManufacturedHomeStocksMarketsReportsMHProNews

Oil is hovering near a three-year high. What does that mean for the outlook on manufactured housing, and industry related stocks?  That will be our focus for tonight.

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

 

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

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

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

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

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

Selected headlines and bullets from CNN Money:

  • Twitter says all 336 million users should change their passwords
  • The self-driving car startup that the auto industry actually trusts
  • The housing bust derailed his career. Here’s what he’s doing now
  • GE warns its subprime mortgage unit could file for bankruptcy
  • Ford smart window lets the blind “see”
  • Why is Amazon backing a horse in the Kentucky Derby?
  • Amazon plays tough ahead of Seattle tax vote that could cost it $20 million
  • Anheuser-Busch orders 800 hydrogen-powered semi trucks from Tesla rival Nikola
  • Adidas is still crushing Nike and Under Armour in America
  • Kanye West ‘is a very important part of our strategy,’ Adidas CEO says
  • Report: Charlie Rose’s alleged harassment included dozens of women, goes back decades
  • Oath CEO Tim Armstrong talks ‘massive shift’ to mobile
  • One of the world’s biggest smartphone makers has filed for an IPO
  • H&M and Zara ditch mohair wool after animal cruelty expose
  • Investment chief: ‘This is the rally to sell, not to buy into’
  • China tells international airlines to toe the line on Taiwan
  • US and China kick off talks to avoid a trade war
  • Analysis: Tariffs won’t slow China’s tech rise
  • UBS tests China’s promise to allow foreign-owned banks

Selected headlines and bullets from Fox Business:

  • Twitter advises 330M users to change passwords after glitch
  • Dow claws back after posting triple-digit losses
  • China seeks soybean boost for trade war advantage
  • Tesla shares sink a day after Musk cuts off analysts
  • Adidas backs Kanye West after slavery comments
  • No plans to end endorsement and design deal with music star.
  • Robotics rise not a job threat: ROBO Global president
  • US economy ‘out of whack,’ headed for downturn: Alan Greenspan
  • United Airlines hires Josh Earnest, Obama White House press secretary
  • Goldman to offer bitcoin futures trading
  • Kroger beef recall: Meat may contain tiny bits of plastic
  • Gold demand slumps to a 10-year low
  • NFL legend Joe Namath: Kaepernick and Eric Reid should be hired
  • Amazon not a ‘money spigot’ for small businesses, expert says
  • China trade showdown: Treasury Secretary Mnuchin arrives in Beijing

 

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

S&P 500 2,629.73 -5.94(-0.23%)

Dow 30 23,930.15 +5.17(+0.02%)

Nasdaq 7,088.15 -12.75(-0.18%)

Russell 2000 1,546.56 -8.36(-0.54%)

Crude Oil 68.50 +0.57(+0.84%)

Gold 1,312.80 +7.20(+0.55%)

Silver 16.45 +0.08(+0.46%)

EUR/USD 1.1989 +0.0034(+0.28%)

10-Yr Bond 2.95 -0.02(-0.61%)

 9MarketIndicatorsYahooFinance5.3.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.3.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Let’s start with some macro-data, courtesy of CNBC.

U.S. “crude rises 50 cents, settling at $68.43, on OPEC output cuts and worries about Iran sanctions,” said CNBC.

  • Oil prices reversed early losses on Thursday, tracking a rebound in the U.S. equity market.
  • U.S. oil production also rose to a record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016.
  • Looming over markets is the May 12 deadline by when President Donald Trump is due to decide whether or not to continue waiving U.S. sanctions against Iran.

Following the rocket rise of the markets in 2017, the markets have been roiled for much of 2018, due in part to highly politicalized struggles that have unsettled investor confidence.  Earnings, jobs, GDP, and a variety of indictors are positive.

The rise in oil is a mixed bag for the manufactured housing industry, with uneven impact.  In areas of the nation where rising crude means more drilling activity, it can become a net positive. When jobs pick up due to more drilling in places like North Dakota, Texas, Oklahoma, Louisiana, or the Marcellus, the impact can be a net positive. 

Rising crude impacts virtually all component costs, but it impacts costs for conventional site builders too.

Those who are potential manufactured home buyers who are priced out of the market by marginal gains in pricing on commodities such as crude oil, could be offset by those who can’t qualify for conventional housing, and turn to manufactured housing instead.  

A common pattern is to see a bit of a disruption, but a rapid leveling off as crude, lumber, steel or other product price increases hit manufactured housing.

OilDrillingDerrickPhotoManufacturedHousingIndustryDailyBusinessNewsMHProNews

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).

5.3.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.)

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

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

Consumer Fraud Settlement, Implication$, plus Manufactured Housing Industry Connected Stock Market Updates

May 2nd, 2018 Comments off

CNNmoney5.2.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe latest in an ongoing consumer fraud case has settled, and there could be significant implications for the manufactured housing industry. That’s our market focus for tonight.

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

 

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

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

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

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

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

Selected headlines and bullets from CNN Money:

  • $3 gas coming to a station near you
  • Tesla’s cash stockpile shrank by $700 million last quarter
  • Fed leaves rates unchanged and says inflation is moving higher
  • Senator pressures Uber after CNN investigation into driver assaults
  • Hulu passes 20 million subscribers and announces offline viewing
  • Russian oligarch can save his sanctioned companies. But will he?
  • The US dollar is making a huge comeback
  • Rising costs start to squeeze American businesses
  • Molson Coors tanks on weak US beer sales
  • MoviePass brings back its movie-per-day subscription
  • U2’s new show is a technical wonder
  • Bono on why U2 is embracing AR tech on tour
  • Pentagon: Stores on US bases should stop selling Huawei and ZTE phones
  • Apple rewarded its investors with a record cash giveaway
  • Apple sold only 3% more iPhones last quarter, but profit soared
  • Cambridge Analytica announces closure
  • Snapchat’s redesign hasn’t helped the company
  • Xerox CEO quits in win for Carl Icahn
  • Under Armour is still under siege in the US
  • Russian military spending drops for first time in 20 years
  • Why the US-China trade talks will struggle to reach a ‘grand bargain’
  • One way to get retirement income for the rest of your life
  • Iconic guitar maker files for bankruptcy
  • Qantas will retire its Boeing 747 fleet earlier than planned
  • Remains of the Weinstein Company sold — to the only real bidder
  • Why the National Enquirer’s Trump connections are under scrutiny

Selected headlines and bullets from Fox Business:

  • Tesla earnings beat estimates as Model 3 production improves
  • Dow declines as Fed says inflation approaching target
  • Snap closes at record low on redesign backlash
  • Cambridge Analytica is shutting down, reports say
  • Quarterback Tom Brady on NFL ratings slump: ‘I don’t follow it like I used to’
  • Comcast CEO wants Fox assets Disney is purchasing: Gasparino
  • Southwest flight diverted as window cracks
  • Starbucks arrests in Philly: Two settle for $200K pledge from city for fund
  • Fed holds rates steady as inflation picks up
  • Trump sanctions on Russia hit Putin ‘right between the eyes’: Bill Browder
  • Escape from New York: High costs drive out AllianceBernstein
  • Mississippi bridge safety concern triggered 100 closings: Gov. Phil Bryant
  • Pro-gamer team recruits youngest-ever 13-year-old ‘Fortnite’ player
  • Here are the jobs with the fastest-growing & highest wages

 

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

S&P 500 2,635.67 -19.13(-0.72%)

Dow 30 23,924.98 -174.07(-0.72%)

Nasdaq 7,100.90 -29.81(-0.42%)

Russell 2000 1,554.92 +4.58(+0.30%)

Crude Oil 67.68 +0.43(+0.64%)

Gold 1,305.80 -1.00(-0.08%)

Silver 16.41 +0.28(+1.72%)

EUR/USD 1.20 -0.0039(-0.30%)

10-Yr Bond 2.96 -0.01(-0.40%)

 9MarketIndicatorsYahooFinance5.2.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.2.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Drawing conclusions from one industry and applying it to another is always speculative at best.

That said, the settlement of the AZ state attorney general with VW could hold significant lessons for major companies in the manufactured housing industry, and for their preferred trade association.

VWClassActionsettlementManufacturedHousingINdustryDailyBusinessNewsMHProNews

What are the facts, lessons, and why should MH Industry pros care?

1) When reports emerged, that VW might be cheating, the automaker went into denial and distraction mode.

2) Denials and distractions are the same pattern apparently being used by some in MHVille, who’ve been charged with their own alleged scandal and coverups.

This case has been covered by dozens of media outlets, let’s pick one and read the top lines.  Then, let’s do the math.

Arizona has reached a $40 million settlement with Volkswagen over advertising claims in a nationwide emissions cheating scandal, state Attorney General Mark Brnovich announced Wednesday.

Under the settlement, Volkswagen must pay individual Arizonan consumers who bought or leased qualifying diesel vehicles manufactured by VW, Audi and Porsche from 2008 through 2015 up to $1,000 each for a combined $10.5 million in direct restitution.

Volkswagen will also pay $20 million for state public education funding, with any remaining money to be used for legal costs and other future fraud investigations,” said a report in the Seattle Times.

ClassActionManufacturedHousingIndustryDailyBuisnessNewsMHProNews

If you impute the cost per unit for the AZ case settled at roughly $4,000 each ($1000 per vehicle, but $3000 each vehicle in added settlement costs), and applied that to manufactured housing’s 8.8 million housing units, you’d have a $35,200,000,000, or $35.2 billion case.

Given the various allegations and evidence already at work in MHVille related controversies and scandals, that might be a low total, as there are also businesses that would need to be compensated too.

The related reports provide some food for thought.

Related Reports:

Fraud, Class Action, CFPB-Warren Buffett, Berkshire Hathaway, Clayton Homes, Vanderbilt Mortgage & Finance, 21st Mortgage, Manufactured Housing Institute, and the Manufactured Homes Industry

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

Fiduciary Responsibility to Corp Shareholders-MH Anti-Trust Concerns; Plus MH Market UPdate$

 

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).

5.2.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.)

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

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

Manufactured Home Communities Giant RHP Propertie$ Deal, plus Manufactured Housing Industry Connected Stocks, Market, Data Updates

May 1st, 2018 Comments off

CNNmoney5.1.2018ManufacturedHomeStocksMarketsReportsMHProNewsFor long-time industry readers, do you recall the stir on July 30, 2014 when Sun Communities (SUI) $1.32 billion deal with privately held Green Courte Partners (GCP) sold American Land Lease (ALL) to Sun deal hit the wires?  There was periodic chatter about GCP before, but then the deal was announced.

Or do you remember the buzz on August 15, 2016, when affiliates of GIC, the sovereign wealth fund of Singapore, bought a 71 percent stake in privately held YES! Communities? We’ll be looking at the latest deal – and the periodic talk about – privately held RHP Properties this evening, as part of our broader 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. 

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:

  • Oil markets brace for Trump to kill Iran deal
  • California leads states in suing EPA over rollback of car emission rules
  • California ruling puts pressure on Uber, Lyft and other gig economy employers
  • Guggenheim Partners managing director Scott Minerd joins us on ‘Markets Now’
  • Goldman Sachs traders shared confidential info in chat rooms, regulators say
  • Snapchat user growth stagnant amid redesign backlash
  • Mark Zuckerberg jokes about testimony
  • Watch out, Tinder, Facebook is getting into online dating
  • NAFTA talks on ‘thin ice’ after two more weeks, top US negotiator says
  • These self-flying drones keep a constant eye on your business
  • Iconic guitar maker Gibson files for bankruptcy
  • Why own a car when you can subscribe to one instead
  • 103 Uber drivers accused of sexual assault or abuse
  • 5 signs you need to clean up your finances
  • Before she became a CEO, Sarah Robb O’Hagan was fired and laid off
  • Carmakers and big tech struggle to keep batteries free from child labor
  • CEO caught singing ‘We’re in the Money’ as Walmart deal lifts shares
  • Your inbox is being flooded with emails about privacy. Here’s why
  • Robots invade the Smithsonian museums
  • Retirees are losing their faith in Social Security
  • What the T-Mobile-Sprint deal could mean for wireless prices
  • Mnuchin: Trade wars are not easy to win
  • T-Mobile-Sprint deal will be a tough sell to antitrust regulators

Selected headlines and bullets from Fox Business:

  • Apple boosts dividend, rallies on earnings beat
  • Tesla shareholders to vote on ousting Musk as chairman
  • Dow declines, S&P rises as investors parse earnings
  • Families can’t afford rent, housing prices: Fannie CEO
  • Tinder parent sinks as Facebook announces dating service
  • ‘Avengers: Infinity War’ poised for China box office record: IMAX CEO
  • Presales contribute to bullish outlook for Marvel blockbuster.
  • Trump lawyer Michael Cohen cab tax bill said to reach $282K
  • Ketel One’s new vodka brand tests less-alcohol-is-more theory
  • Sarah Sanders acted with ‘grace’ during Michelle Wolf roast: Corey Lewandowski
  • Gibson files for bankruptcy, legendary guitar maker to operate while reorganizing
  • Vista Outdoor considers selling gun business
  • This cholesterol drug is dropping from $14,600 to as low as $4,500
  • Tesla Model 3 production, cash burn in earnings spotlight
  • AT&T’s $85B quest for Time Warner: The trial’s greatest hits and misses
  • Trump’s decision to postpone tariffs on US allies applauded by ex-Sen. Lieberman

 

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

S&P 500 2,654.80 +6.75(+0.25%)

Dow 30 24,099.05 -64.10(-0.27%)

Nasdaq 7,130.70 +64.44(+0.91%)

Russell 2000 1,550.33 +8.44(+0.55%)

Crude Oil 67.50 -1.07(-1.56%)

Gold 1,304.60 -14.60(-1.11%)

Silver 16.18 -0.22(-1.35%)

EUR/USD 1.1992 0.00(+0.0025%)

10-Yr Bond 2.98 +0.04(+1.36%)

 9MarketIndicatorsYahooFinance5.1.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.1.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews 

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 –

Snapshot of the MH Communities Sector, through the lens of
Privately Held, RHP Properties

This picture of the communities sector is from 28,000 feet, not 40,000 feet. It won’t be granular, but it will bring some facts linked in previous Daily Business News reports about the manufactured home community sector.

A number of sources say that roughly half of the manufactured home shipments are going into land-lease communities.  That’s good news for community operators, positive news for producers of HUD Code manufactured homes, financial. and other service providers to the industry.

For example, this report is a reminder that so-called ‘street retailers” – a.k.a. dealers of manufactured homes – while still vital to the industry, are in terms of total shipments not as numerous or dominant as they were say 20 or even 15 years ago. When one says that half the sales are by communities, that means that retailers are getting most of the remainder. Developers will get the balance.

RHPPropertiesManufacturedHomeCommunitiesPhotoLogoDailyBusinessNewsManufacturedHomeIndustryCommunitiesNotMobileHomeTrailerParksProfessionalHomeNews

RHP is currently listed as #3 in the NCC’s latest “top 50” listing of manufactured home communities (MHCs), see that report, linked below.

RHP has closed on some additional properties since last year’s NCC top 50 MHCs list.  In a release to MHProNews, RHP said there most recent acquisition was “421 Home Sites Brookside Country Club in El Monte, CA.”  That deal was announced on March 16th, 2018.

Prior releases to the Daily Business News about the firm stated that their acquisitions in 2017 included:

  • a property with 786 sites, Murray Manor in Wilmington, their first in Delaware,
  • and two communities in Michigan, totaling 1,151 sites.

Those brought RHP Properties up to a total of 60,163 sites, per their website.

As brokers, commercial lenders, and communities all have generally reported, there’s a lot of competition for communities now. A more specific report on that will be posted in the next few days on the Daily Business News.

We’ll will note for now that RHP is the topic of periodic conversation.  Deals are routinely being discussed by community operators of all sizes. Will RHP continue to grow as an independent?  Or will something along the lines of the GIC/Yes! or Sun/ALL deal occur?

Time will tell.  But while there are some that hear the call for ‘going public,’ others feel there is more flexibility and less ongoing pressure to answer to Wall Street and institutional investors by staying privately held.

One of the challenges found in the community sector is that some larger operations are ordering dozens to hundreds of homes from HUD Code manufactured home producers, but often those are being ordered as rental units to fill vacant home sites.

During the early 2000s, for a variety of broader housing market factors, vacancy rates began to grow in MHCs. So filling vacancies are important to community operators to maximize ROI on their property. As the numbers of independent retailers has dwindled, MHCs of all sizes have had to fill their own voids.

RHP has a reputation for being a well-run operation.  They feature:

  • the RHP communities themselves,
  • Newbury for third-party property management, and
  • Bayshore for on-site home sales.

 

Vacancy rates for communities are generally falling.  To rephrase, occupancy is rising, and that’s often from a rental home placed/leased, or new home sales.

RHP’s website is professional and appealing.  We Based upon news-flow, we may take a look in the near term at their marketing.  Stay tuned.

RHPPropertiesManufacturedHomeCommunitiesMapDailyBusinessNewsManufacturedHomeIndustryCommunitiesNotMobileHomeParksProHomeNews

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).

5.1.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.)

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

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