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Posts Tagged ‘Warren Buffett’

Given Super Storms, Supplier Prices Rise – LPX Spotlight, Market Movers

September 6th, 2017 Comments off

9.6.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-As today’s report below – and an upcoming one from Julia Granowicz will reflect – the costs on building supplies and other components going into manufactured housing are and will be expected to rise.

Those who recall the post-Katrina recovery will know what that event’s impact on pricing and order delays were like.

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

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

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

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

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

Selected headlines and bullets from CNN Money:

 

  • DACA repeal will make doctor shortage worse
  • Hurricane Irma is wreaking havoc on cruise lines
  • Dreamers forced to rethink careers
  • 4 ways White House says tax reform will fill your wallet
  • Swiss firm claims to crack secret of red chocolate
  • Scandals are sabotaging deregulation push
  • 200 Gap and Banana Republic stores closing
  • Billionaire to ride out Hurricane Irma in wine cellar
  • Why paying off student loans early could be a mistake
  • Florida’s struggling orange growers brace for Irma
  • For Caribbean residents, Irma could last months

 

Selected headlines and bullets from Fox Business:

 

  • Harvey caused ‘broad disruptions’ to U.S. economy: Fed
  • Fed sees pickup in economic growth, but inflation remains muted
  • S. House approves $8B in initial Hurricane Harvey relief
  • Trump takes tax tour to North Dakota refinery
  • Energy shares lead broad rebound on Wall Street
  • Oil up after Harvey fallout; Irma heads toward Florida
  • Trump, siding with Democrats, agrees to 3-month debt-limit rise: Lawmakers
  • Hillary Clinton will not run for president in 2020: Robert Wolf
  • Amazon in hot water for pushing up water prices ahead of Irma, residents say
  • Hurricane Irma: These airlines are offering free travel changes
  • Nike cutting 745 Oregon jobs by end of month: Report
  • Apple, Amazon bid for James Bond film rights: Report
  • Goldman CEO says former No. 2 Cohn would do a ‘great job’ as US Fed chair
  • North Korea Nuclear threat: EU withdrawn from role on world stage, Farage says
  • Fed’s Fischer announces resignation, to leave mid-October
  • T-Mobile giving Netflix for free to family plan subscribers

 

 

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.

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

 

S&P 500 2,465.54 +7.69 (+0.31%)

Dow 30 21,807.64 +54.33 (+0.25%)

Nasdaq 6,393.31 +17.74 (+0.28%)

Crude Oil 49.15 +0.49 (+1.01%)

Gold 1,339.10 -5.40 (-0.40%)

Silver 17.94 +0.00 (+0.02%)

EUR/USD 1.1919 +0.0007 (+0.06%)

10-Yr Bond 2.11 +0.04 (+1.84%)

Russell 2000 1,402.20 +2.54 (+0.18%)

9.6.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2Manufactured Housing Composite Value

9.6.20179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

Today’s Big Movers

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

Today’s MH Market Spotlight Report – 

With Storms, Prices Rise – LPX Spotlight. 

As another upcoming industry report will reveal, prices on building material are expected to spike as a result of Hurrican Harvey – and soon – Irma. No surprise that industry suppliers watched their stocks rise.  Among those risers, LPX.

LPXCreditZBuildingProductsMHProNewsLogoDailyBusinessNewsMarketReport962017

LPX image credits are as shown above.

Per the Louisiana Pacific investor relations page, “Based in Nashville, Tennessee.”

Louisiana-Pacific Corporation, together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction.”

Ticker: LPX

Exchange: NYSE

Per a report today from Clayton News:

ClaytonNewsReviewLouisiana-Pacific Corp (LPX) Needle Moving on Volume

Shares of Louisiana-Pacific Corp (LPX) are moving on volatility today 1.23% or $0.315 from the open. The NYSE listed company saw a recent bid of $25.955 and 1195953 shares have traded hands in the session.

There are many factors that can affect the health of a certain company. Because of this, it can be extremely difficult to find one single strategy that will prove successful in the stock market. Investors are able to study all the different data, but figuring out the relevant information can be a struggle. There is plenty of company information that can easily be measured such as revenue and profits. There are also elements that aren’t as easily computed such as reputation and competitive advantage. Finding a way to gather all the information and craft a strategy that incorporates all aspects of a company may be a challenge for investors. Because there is a highly inherent human element to picking stocks, price action may not follow expectations. Human emotion can reverse course rapidly over a short period of time. Investors need to always be prepared for market uncertainty while attempting to keep emotions in check. 

Deep diving into the technical levels for Louisiana-Pacific Corp (LPX), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 134.94. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Louisiana-Pacific Corp’s Williams Percent Range or 14 day Williams %R currently sits at -10.76. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Louisiana-Pacific Corp (LPX) is sitting at 21.67. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for Louisiana-Pacific Corp (LPX) is currently at 66.77, the 7-day stands at 75.90, and the 3-day is sitting at 80.85.”

 LPXDailyBusinessNewsMarketReports962017MHProNews

 

 See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

 9.6.2017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-

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

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

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

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

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

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

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

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

 

Mark Cuban, on AI Threat, Opportunitie$. Markets Hit, MH Industry Updated Details

September 5th, 2017 Comments off

9.5.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-Mark Cuban and President Trump often see the world quite differently, to put it politely. It is useful to see a variety of viewpoints, to get a clear picture of what is actually taking place in the MH industry, the nation and our world.

Today’s spotlight report are two videos featuring Cuban talking about a topic MHProNews has spotlighted several times, and will spotlight again soon. AI and robotics, its impact on jobs, investing, and industry. A related report on the hyperloop and its potential impact on manufactured hosuing is linked here.

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

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

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

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

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

Selected headlines and bullets from CNN Money:

  • CEOs call on Congress to keep DACA alive
  • Fear returns as market’s typically worst month starts
  • Ending DACA hits U.S. economy where it hurts
  • Hurricane Irma takes aim at Florida businesses
  • JJ Watt’s Hurricane Harvey relief fund tops $20M
  • Immigrants made American business what it is today
  • CEOs defend DACA: Dreamers ‘vital’ to economy
  • ‘Particularly cruel:’ Zuckerberg condemns DACA repeal
  • Microsoft: We’ll pay our Dreamers’ legal fees
  • Can Hollywood rebound at the box office this fall?
  • Press group calls out NRA for “threatening” journalists

Selected headlines and bullets from Fox Business:

  • Hurricane Irma is the strongest Atlantic storm ever, meteorologist says
  • Hurricane Irma: Puerto Rico activates National Guard ahead of Category 5 storm
  • Hurricane Irma: NFL could reschedule Dolphins-Buccaneers game
  • Fresh North Korea tensions hit Wall Street
  • Crude prices rebound, gasoline slides as U.S. refineries restart
  • Hurricane Irma’s damage could be the largest ever in the U.S., Barclays predicts
  • The showdown has arrived that will frame Trump’s presidency: Stuart Varney
  • Lego can’t save 1,400 jobs despite Batman, Star Wars products
  • North Korea could be destroyed within 20 minutes: Harry Kazianis
  • Sean Spicer lands new gig after White House departure
  • NBA’s Houston Rockets sold for record $2.2B: Reports
  • Trump orders end to ‘Dreamer’ immigration program
  • The $1.4 million mistake too many millennials are making
  • Schlumberger, Nathan’s Famous rise; BofA, Nvidia fall
  • Markets Right Now: Banks, tech lead US stocks lower

 

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

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

 

S&P 500 2,457.85 -18.70 (-0.76%)

Dow 30 21,753.31 -234.25 (-1.07%)

Nasdaq 6,375.57 -59.76 (-0.93%)

Crude Oil 48.58 +1.29 (+2.73%)

Gold 1,345.30 +14.90 (+1.12%)

Silver 17.90 +0.18 (+0.99%)

EUR/USD 1.1914 +0.0019 (+0.16%)

10-Yr Bond 2.07 -0.087 (-4.03%)

Russell 2000 1,399.66 -13.92 (-0.98%)

9.5.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

 

Manufactured Housing Composite Value

 9.5.20179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

  

Today’s Big Movers

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

Today’s MH Market Spotlight Report – 

Mark Cuban, on AI Threat, Opportunitie$.

MarkCubanCNBCGettingUpToSpeedDeepLearningAINueralNetworksDailyBusinessNewsMHProNews 

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

 9.5.2017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-

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

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

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

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

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

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

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

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

 

The Fed, Inflation, Wall Street Journal Video – Most Tracked Stocks Rise

September 1st, 2017 Comments off

9.1.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-The Manufactured Housing Composite Value (MHCV) is back in positive territory today.  That and other details are 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.” ©

1-mhpronews-logo-manufactured-housing-professional-newsSelected headlines and bullets from CNN Money:

 

  • What can Trump do about gas prices?
  • Harvey highlights issues of aging 911 tech
  • Public workers can now apply for loan forgiveness
  • How Trump compares with Obama so far on jobs
  • Dell CEO pledges $36M to Harvey relief efforts
  • PayPal introduces a new cash back credit card
  • Harvey: 70% of home damage costs aren’t covered
  • Silicon Valley to Trump: ‘Dreamers are vital’
  • Kenya election shocker sparks fears over economy
  • 4 questions to ask yourself before retiring
  • How free self-driving car rides could change everything

 

Selected headlines and bullets from Fox Business:

 

  • Congress may vote next week on Harvey aid package
  • Jobs report breakdown: Here’s who’s hiring
  • US hiring cools off with 156,000 new jobs in August
  • Wall St up as jobs data keeps rate expectations in check
  • S. gasoline prices notch first slide since Harvey, oil falls
  • slide since Harvey, oil falls
  • GM, Ford to ship vehicles into Houston after Harvey
  • Washington Post writer slams Jeff Bezos in op-ed for mistreating workers
  • The coastal elites are saying ‘Texas, it’s your fault’: Stuart Varney
  • S. Energy Secretary approves release of another 3.5M barrels from oil reserve
  • Trump’s tax plan could cut rates for wealthy, here’s how they could still pay more
  • Hurricane Irma the next threat?
  • Ezekiel Elliott appeal: NFL players union sues to block suspension
  • Trump’s expected repeal of Dreamer program draws fire from business
  • White House vows quick action as Harvey aid estimates soar

 

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

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

 

S&P 500 2,476.55 +4.90 (+0.20%)

Dow 30 21,987.56 +39.46 (+0.18%)

Nasdaq 6,435.33 +6.67 (+0.10%)

Crude Oil 47.33 +0.10 (+0.21%)

Gold 1,330.70 +8.50 (+0.64%)

Silver 17.70 +0.22 (+1.26%)

EUR/USD 1.1861 -0.0055 (-0.46%)

10-Yr Bond 2.157 +0.036 (+1.70%)

Russell 2000 1,413.57 +8.29 (+0.59%)

9.1.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

 9.1.20179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

Today’s Big Movers

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

Today’s MH Market Spotlight Report – 

The video below is from the Wall Street Journal and MarketWatch.


  

HousingServicesMarketWatchWallStreetJournalDailyBusinessNewsManufacturedHousingMarketReport

Still from the video above.

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

 9.1.2017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-

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

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

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

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

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

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

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

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

 

 

A Top MH Connected Lender Hit by More Embarrassing News, Video, Market Updates

August 31st, 2017 Comments off

8.31.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports’ are found further below, just beyond the Manufactured Housing Composite Value for today.

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

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

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

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

Selected headlines and bullets from CNN Money:

  • Texas officials report price gouging post-Harvey
  • Popular homeowner tax cut could be on chopping block
  • How Harvey victims can protect their finances
  • Mnuchin: We’ll be looking at Harriet Tubman $20 bill Trending
  • Apple will unveil new iPhones on Sept. 12
  • 4M more fake Wells Fargo accounts uncovered Trending
  • What is Arkema?
  • Fox Sports to air 6-second ads during NFL games
  • Nonprofit quietly gives rural kids tech training
  • Gas prices have spiked 10 cents since Harvey hit
  • India’s economic growth slumps as big reforms bite

 

Selected headlines and bullets from Fox Business:

  • Harvey shuts down America’s largest gasoline pipeline, but don’t panic just yet
  • S. issues fuel waivers for 38 states as Harvey shuts refineries
  • S. releases 1M barrels of oil from strategic reserve
  • Largest US refinery may be shut up to two weeks: sources
  • Wall Street gains on data and Mnuchin tax reform remarks
  • Wells Fargo reveals up to 1.4 million more fake accounts
  • Mnuchin on Harriet Tubman’s $20 bill: What he did and didn’t say
  • Texas teen uses boat to rescue at least 50 Harvey victims
  • Anheuser-Busch making canned water for Harvey relief effort
  • Media’s Harvey mockery perpetuates America’s divide: Katrina Pierson
  • Government flood insurance on the brink after Harvey, fmr. FEMA director says
  • Russia must close consulate, annex buildings in U.S., State Dept. says
  • As US North Korea travel ban kicks in, tourists say their farewells
  • Amazon hit with lawsuit over eclipse glasses
  • Ezekiel Elliott appeal update: Cowboys star’s hearing enters 3rd day
  • Ezekiel Elliott appeal update: Cowboys star’s hearing enters 3rd day
  • $4.2 million penalty approved in deadly 2012 platform fire

 

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

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

 

S&P 500 2,471.65 +14.06 (+0.57%)

Dow 30 21,948.10 +55.67 (+0.25%)

Nasdaq 6,428.66 +60.35 (+0.95%)

Crude Oil 47.07 +1.11 (+2.42%)

Gold 1,327.20 +13.10 (+1.00%)

Silver 17.65 +0.15 (+0.84%)

EUR/USD 1.1907 +0.0013 (+0.11%)

10-Yr Bond 2.121 -0.022 (-1.03%)

Russell 2000 1,405.28 +13.95 (+1.00%)

8.31.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

 83120179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

 

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

Did You Know? Wells Fargo is one of the top 5 lenders in the manufactured housing industry. Watch for a special report on manufactured home lending pecking order.

Numerous news sources are reporting that the number of embarrassing, fake accounts found at Wells Fargo has swelled to some 3.5 million accounts.

Berkshire Hathaway holds about 10 percent stake in the company, according to prior reports by the Motley Fool and other stock watch/advisory services.

YouCantTalkYourWayOutOfProblemYouBehaveYourWayInto

See a different, but apt, special report on MHLivingNews.com. Click the image above.

WarrenBuffettConglomerateBerkshireHathawayMotleyFoolGettyImagesDailyBusinessNewsMHProNews

WellsFargoHeadlinesDailyBusinessNewsMHProNews_001

Google News collage of the top – not all – headlines on this issue. The video report on this page is the ‘positive’ report on this topic.

Does this indicate a pattern?


The special report on Clayton/Vanderbilt/21st on the Daily Business News, is linked here.

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

 8.312017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-

 

 

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

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

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

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

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

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

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

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

 

Warren Buffett on President Trump, His Own Politics PLUS, POTUS Trump on Tax Reform, Harvey–2 Videos

August 30th, 2017 Comments off

8.30.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports’ are found further below, just beyond the Manufactured Housing Composite Value for today.

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

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

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

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

Selected headlines and bullets from CNN Money:

  • One of the most expensive natural disasters ever
  • Uber’s new CEO: ‘This company has to change’
  • Harvey: Nation’s largest oil refinery forced to shut down
  • JJ Watt’s new goal for Harvey relief is $10 million
  • Harvey victims turn to crowdfunding for recovery help
  • Gas prices: The Harvey news is getting worse
  • Will corporate tax cuts help the middle class?
  • Attacked reporter: Gianforte still won’t interview
  • Tomi Lahren joins Fox News as contributor
  • China can squeeze its neighbors when it wants
  • How to avoid ‘storm chaser’ fraud after Harvey

 

Selected headlines and bullets from Fox Business:

 

  • Warren Buffett: ‘I’d do it for President Trump’
  • Don’t chase storm stocks after Harvey, Wells Fargo says
  • S. flood insurance program received 35,000 claims as of noon Wednesday
  • Upbeat U.S. growth revision drives Wall Street higher
  • Gasoline jumps, crude down; Harvey shuts 24% of U.S. refining
  • Trump doubles down on 15% corporate tax rate, pressures Congress to act on reform
  • Flood insurance policies plunge in Houston
  • Trump to meet with ‘Big Four’ ahead of hectic month on Capitol Hill
  • How to find the best ‘Made in America’ cars
  • How Millennials’ finance habits differ from previous generations
  • Joel Osteen on Harvey backlash: ‘Probably’ would have done things different
  • North Korea missile threat: US diplomatic efforts failed, Fmr. Navy SEAL says
  • How big is the average person’s Social Security check?
  • Trump to begin tax reform blitz in Missouri
  • NFL cancels Texans-Cowboys preseason game after Harvey

 

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

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

 

S&P 500 2,457.59 +11.29 (+0.46%)

Dow 30 21,892.43 +27.06 (+0.12%)

Nasdaq 6,368.31 +66.42 (+1.05%)

Crude Oil 45.95 -0.49 (-1.06%)

Gold 1,313.40 -5.50 (-0.42%)

Silver 17.38 -0.05 (-0.26%)

EUR/USD 1.1883 -0.0085 (-0.71%)

10-Yr Bond 2.143 +0.007 (+0.33%)

Russell 2000 1,391.32 +7.64 (+0.55%)

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Manufactured Housing Composite Value

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Today’s Big Movers

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

Today’s MH Market Spotlight Report – 

As promised in yesterday’s market recap, a special report on Clayton/Vanderbilt/21st on the Daily Business News, is linked here.

CampaignForAccountabiltyClaytonHomesLogoBerkshireHathawayVanderbiltMortgageRacismSteeringPredatoryLendingDailyBusinessNewsMHProNews720x403

Logos are the property of their respective organization, and are posted under fair use guidelines.  To see the special report, click the image above.

 

WarrenBuffettCNBCDailyBusinessNewsMHProNews

Image credits are as shown above.

As industry professionals widely know, Warren Buffett’s Berkshire Hathaway is the parent company to several manufactured housing industry connected stocks.

In the CNBC video below, Warren Buffett, who turned 87 on Wednesday, says he has lived under 15 of the 45 U.S. presidents.  Buffett says he’s bought stocks under 14 of the 15 presidents.  He explains that he is not in the business of attacking the current or any U.S. president.

I worked for Hillary. I raised money for Hillary. I voted for Hillary. I was disappointed when she lost.”  Yet, ironically, as MHProNews has reported, Buffett’s and Berkshire Hathaway’s wealth has risen significantly since President Donald J. Trump was elected.


Meanwhile, while President Trump was in Iowa, he spoke about the aftermath of Hurricane Harvey, as well as about his tax reform plans.  That video, is below.

We Provide, You Decide.” ©

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

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

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

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

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

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

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

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

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

 

Post-Charlottesville, CfA’s Hunts Evidence of Racism, Steering, Predatory Lending Against Buffett’s Clayton Homes, Vanderbilt Mortgage, and 21st Mortgage

August 30th, 2017 Comments off
CampaignForAccountabiltyClaytonHomesLogoBerkshireHathawayVanderbiltMortgageRacismSteeringPredatoryLendingDailyBusinessNewsMHProNews720x403

Logos are the property of their respective organization, and are shown here under fair use guidelines. Text and collage credits, MHProNews/Pixabay.

Campaign for Accountability (“CfA”) seeks records from the Consumer Financial Protection Bureau (“CFPB”) regarding consumer complaints related to Clayton Homes,” said Daniel Stevens Executive Director of CfA.

These are the first words in his letter to the Consumer Financial Protection Bureau.

Stevens’ complete letter – linked here as a download – was included in a news release that identifies his Freedom of Information Act (FOIA) request to the CFPB.

The CfA letter was in response to distinct but related prior reports and demands regarding charges of racism, steering, and predatory lending lodged by the Seattle Times/Buzz Feed, plus a group of Democratic Congressmen.

The Democratic legislators demanded that the same racially charged claims be investigated by CFPB and the Department of Justice (DOJ).

I was appalled by some of the findings…,” said Maxine Waters (D-CA). “There is no place for these kinds of sleazy and deceptive practices. I was further taken aback by Mr. Buffett’s defense of Clayton’s lending practices given the concerns that were raised by the articles earlier last year.”

Her comments came as part of a letter included in CfA’s FOIA request to the CFPB.

DanielStevensDirectorCampaignAccountabilityWashDCLinkedInDailyBusinessNewsMHProNews

The accusations stem from Mike Baker and Daniel Wagner in an article they had published in the Seattle Times, titled “Minorities exploited by Warren Buffett’s mobile-home [sic] empire.”

DefiningSICinJournalismDailyBusinessNewsMHProNews-com

After the Seattle Times/Buzz Feed news article was published, the following members of Congress:

requested that the CFPB and the Department of Justice (DOJ) investigate, and take the action necessary.

Clearly, they believe that these allegations are a cause for concern.  A text-friendly copy of the Democratic lawmaker’s letter is linked here, and the copy of the letter itself is linked here.

CongressAsksDOJInvestigateClaytonHomesCreditTwitterWikipediaMHProNews

U.S. Representatives Maxine Waters (D-CA), Keith Ellison (D-MN), Emanuel Cleaver (D-MO), Mike Capuano (D-MA). Image credit, Twitter, Wikipedia.

Ranking Member Maxine Waters (D-CA) and Representatives Keith Ellison (D-MN), Emanuel Cleaver (D-MO), and Michael Capuano (D-MA) are calling for a joint Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB) investigation in response to the Seattle Times and Buzzfeed News’ investigative series concerning allegations of discriminatory lending and collection practices by Warren Buffett-led Berkshire Hathaway subsidiaries Clayton Homes, Vanderbilt Mortgage, and 21st Mortgage,” opens the letter from those lawmakers to CFPB Director Richard Cordray, and then Attorney General, Loretta Lynch.

Effort to Defend the MH Industry…

When the initial Seattle Times/Buzz Feed reporting occurred, MHLivingNews reached out to several industry professionals, all of whom said they had no personal experience of racist behavior by

  • Clayton Homes,
  • their in-house ‘captive’ lender, Vanderbilt Mortgage and Finance (VMF),
  • or 21st Mortgage Corp, a Berkshire Hathaway lender that serves independent retailers and communities.

MHLivingNews’ report – linked here – uncovered no such accusations by any of the professionals then asked against those Berkshire Hathaway units.

Later, the Daily Business News (DBN) reported on the second piece of this CfA related story; the Democratic lawmakers who have asked the Department of Justice and the CFPB to investigate the allegations made by the left-of-center Seattle Times/Buzz Feed news report. That DBN report is linked here.

Concerns by CfA over Clayton’s Expansion into Site Built Housing

A noted reason for the CfA to follow-up with the issue is Clayton Homes relatively recent move into selling modifiable, site-built homes, which are expected to sell for less than $250,000, per MENAFN.

CfA Executive Director Daniel Stevens said, “Clayton Homes appears to have been preying on some of our most vulnerable citizens. As the company expands its footprint to reach more Americans, it is imperative to know whether the government found any wrongdoing and, if so, what actions were taken.”

BuffettBerkshireHathawayClaytonHomesPropertyGroupHarrisDoyleHomesBerkshireHathawayHomeServicesDailyBusinessNewsMHProNews

The ongoing Clayton buying spree has been carefully covered by MHProNews, to see the article above, click the image.

What Industry Professionals Had To Say Previously

When the Seattle Times article was first published, MHLivingNews reached out to MH industry professionals who have worked with Clayton Homes, Vanderbilt, and 21st, to get their take on the accusations.

marty-lavin-jd-manufacturedhomefinanceexpert-DailyBusinessNews-mhpronews

Marty Lavin, JD.

…The Seattle Times account simply follows the long-time line of denigrating “trailers,” all in the name of selling more papers and creating notoriety.  The fact that the story can be directed to ensnare Warren Buffett, billionaire investor, just adds to the article’s appeal to the public; his involvement with the industry posed as a negative catch point,” said Marty Lavin, JD – a manufactured housing lending expert.

I am a Hispanic retailer, with a large Hispanic customer base.” said Gus Rodriguez, owner of Tejas Homes in Conroe, Texas. “I would not tolerate any predatory lending practice with any of our customers. Our relationship with 21st Mortgage and the customers they approve for financing is based on credit worthiness and their ability to pay.”

That was then.

MHProNews will reach out again to industry professionals, following this report, to see what they may think today.

Worthy of Investigation, or Selective Reporting?

On the one hand is Brad Lovin, of North Carolina Manufactured Housing Association (NCMHA) general admonition, who says that “Publishing hand-picked information can be worse for the impression it makes on manufactured homes and our industry than stating entirely false information.

On the other hand are concerns that Steven’s CfA, Democratic lawmakers and others are advancing.  Would they be pushing this issue, if they didn’t believe there was evidence to support their contentions?  Time will tell what the CFPB’s reports will reveal.

But how will potential revelations impact firms beyond Clayton, VMF and 21st?  How will those concerns, if found to have validity, impact MHI members?

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Clayton Homes, 21st Mortgage Corp and Vanderbilt Mortgage and Finance logos are shown under fair use guidelines.

Not Just Smoke? Fines Against Buffett’s Brands, and Refunds 

WarrenBuffettFortuneMagazineGettyImagesPostedDailyBusinessNewsCFPB-DOJ-InvestigationMHProNews

Warren Buffett, credit, Fortune, shown – as are all images on this page owned by third parties – under fair use guidelines.

According to Yahoo! Finance, Buffett said that over the course of two years, regulators from both the federal government and 25 different states have examined Clayton Homes mortgages over 65 times.

The results of those reviews were $38,200 in fines, and $704,768 in refunds made by Buffett’s brands.  No further information has been found on the subject of fines and refunds at this time.

ClaytonHomesLogoFinesRefundsComplianceBugCFPBUAkronDailyBusinessNewsMHProNews

Fines and refund totals, per published media reports.

Forbes on the Clayton/Buffett Lending Controversy

Pro-business Forbes reported last year that “Last month, the Maryville, Tennessee-based company “categorically and adamantly” denied discriminating against borrowers, and defended the practices of two lending arms, Vanderbilt Mortgage and Finance Inc and 21st Mortgage Corp.”

The same report noted that Buffett made “no apologies whatsoever” about Clayton’s “exemplary” lending.

Post-Charlottesville…Are They Listening?

In the wake of the emotionally-charged, post-Charlottesville America, MHProNews reached out to top executives at Clayton, Vanderbilt, and a Manufactured Housing Institute (MHI) Executive Committee member – individuals who have replied to our previous media inquiries.

Those professionals were provided this linked report.

Almost a day later, no denial, and no condemnation of racism has been made. An update will be planned if and when they respond to the allegations.

Given that days have passed since the CfA published their FOIA request, is it possible that Clayton, VMF and MHI are not yet ready to reply to such inquiries?

Are they tone-deaf to what’s going on in the nation?  Or how this could hurt not only their firm – but also MHI, and by extension – MHI members and the broader industry at large? Does the industry need this kind of news?

ManufacturedHousingInstituteMHILogoFrankRolfeBlastsMHIRacismCollageClaytonHomes21stVanderbiltDailyBusinessNewsMHProNews

Manufactured Housing Institute MHI Logo, Frank Rolfe has previously blasted MHI for failure to engage the media. Racism ought to be swiftly denied and decried. Collage and text by MHProNews.com.

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NMHOA

Tim [Sheahan] and I [Isbhel Dickens] have met with the [National Manufactured Home Owners of America – NMHOA] Board Chair and the in-house counsel for MHI and offered to try to negotiate acceptable compromise legislation regarding…[Preserving Access to Manufactured Housing].  However, to no avail,” Dickens, JD, told MHProNews in January, 2016.

Dickens’ added, “It is unfortunate that abuse by a few has negatively impacted some good lenders – see this Seattle Times article:

http://www.seattletimes.com/seattle-news/times-watchdog/minorities-exploited-by-warren-buffetts-mobile-home-empire-clayton-homes/

Maybe when you [MHProNews/MHLivingNews] highlight these types of abuse and shed some light on the seamier side of the industry then we’ll be better able to have the balanced conversation you anticipate.”

HUD’s Belated, Blustering “Promotion” of Manufactured Homes

Democrat supporters Pam Danner, and Ishbel Dickens, in a HUD photo, shown under fair use guidelines. Text and collage credits, MHProNews.com.

MHProNews will reach out once more to the activist groups, one of which is allegedly – per sources connected with those groups – planning a protest of the MHI annual meeting in Orlando.

Given the CfA FOIA request, and the post-Charlottesville atmosphere, will such a protest include charges of racism?

One of several Daily Business News updates on the 4th attempt by MHI at passage of Preserving Access is linked here.

Note that it was Preserving Access which allegedly brought out the long knives of anti-MH activists to oppose MHI’s bill in the first place.  Will history repeat itself? This time, will the racism angle take a more prominent role?

The Paradoxical, Contradictory Signals from Buffett/Berkshire Hathaway Dominated MHI

Each of the lawmakers who requested the investigation into Clayton Homes, Vanderbilt, and 21st, are progressive, left-of-center Democrats.

The complex nature of the Democrats attacking Buffett – who owns Berkshire Hathaway, and his manufactured housing units, which dominate MHI – has lead industry professionals to ask, ‘what’s going on?’

Buffett politically holds a similar point of view as those fellow Democrats investigating him.

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Hillary Clinton, left, Warren Buffett, right. Credit – Boston Globe.  

Buffett’s support of Secretary Hillary Clinton makes him look eye-to-eye with those pushing to investigate his business practices.

The contradictory, paradoxical support of Buffett for legislation like Dodd-Frank, which are harming the manufactured housing industry, and MHI Chairman and 21st Mortgage CEO Tim Williams’ calling out the progressive agenda has sparked serious concerns regarding the sincerity of MHI’s efforts to modify Dodd-Frank regulations.

The Democratic lawmakers lodged the following complaint as part of their joint letter (linked here as a download).

As the [Seattle Times/Buzz Feed News] investigation makes clear, Clayton is the nation’s largest manufactured housing company and has a “near monopolistic” grip on lending to minority borrowers seeking financing for manufactured housing reaching nearly 72% of African-American borrowers, 56% of Latino borrowers, and 53% of Native American borrowers.[5] Given Clayton’s uniquely broad control of the manufacture, sale, and financing of manufactured homes, it is imperative that their business practices comply with federal law in order to ensure affordable housing for low-and-moderate income buyers. Surely, if news outlets can launch an investigation into potential violations of federal fair lending and consumer protection laws, agencies charged with protecting the nation’s consumers should be able to investigate these allegations, and, to pursue appropriate enforcement actions.”

Will the CfA FOIA Request Cause an Uproar in Orlando?

 

TimWilliamsCreditLinkedIn21stMortCorpCEOManufacturedHousingIndustryMHIChairmanWarrenBuffettBerkshireHathawayChairman

Warren Buffett, right, credit Wikipedia. Tim Williams, right, credit, LinkedIn. Collage credit, MHProNews. See that report, linked here.

The question now is, will the CfA’s Freedom of Information Act request spark additional issues by MHAction, the alleged protestors of the Manufactured Housing Institute?  After all, two of four executive committee seats at MHI are held by leaders working for Berkshire Hathaway.

Tom Hodges, Howard Walker, Tim Williams and Joe Stegmayer – the current MHI Executive Committee. Credit: Legal500.com, MHI, LinkedIn, MHProNews

With millions on edge after the Charlottesville incident – which was clearly racially motivated – tensions are running high all over the country.

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The photo is of an actual protest against a community operation, a mock up to illustrate what has and part of what could be happening in Orlando in September. MHI Logo is provided under fair use guidelines.  For the latest on the activist group responses to inquires about anti-MHI Orlando protest news, click the image above or this link here.

With so many on edge, is it possible that the alleged plans of protests at the Orlando MHI meeting will get out of hand, or even become violent? ## (News, analysis of allegations of racism, steering, predatory lending charges.)

(Editor’s Note: MHProNews began last week preparing a post-Charlottesville statement condemning racism in conjunction with manufactured housing advocate, the Rev. Donald Tye Jr. Stay tuned for that statement and related report.)

RevDonaldTyeJrLATonyKovachMHLivingNewsMHProNews

Rev. Donald Tye, Jr. left, L. A. “Tony” Kovach, right have drafted a joint statement against racism and injustice, which will be published in the near future. Stay tuned for the compelling statement and report.

(Images credits are as shown, and when by third parties, are provided under fair use guidelines.)

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

Cajones, Warren Buffett, Manufactured Housing Institute, More

August 24th, 2017 Comments off
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Image credit, Young Adventuress.

A routine flow of calls, comments and questions come into the Daily Business News (DBN) on MHProNews.

What follows are recent quotes from callers and messages to MHProNews. Many of these are addressed to our publisher, thus the word “you.”  It provides a flavor for the mood of many in the industry on the topics noted.

Quotable Quotes, Across the Spectrum

“…you’ve lost your mind.”

 

The Lois Starkey, Pam Danner and HUD connection stinks to high heaven.” (Editor’s note: links in these quotes are often not in the original, they are provided for clarity, or as an example.)

 

Great reports. You’ve got cojones.”

 

The Tim Williams report is simple, revealing and mind blowing. Well done.”

 

Billionaires and manufactured homes, who knew!  Thank you.”

BillionairesMillionairesMontaukShoresCondoResortHamptonsLongIslandNYCurbedDailyBusinessNewsMHProNews

 

Thanks for your hyperloop report.  Wow, what a paradigm shift could be ahead for manufactured housing.”

HyperloopOneEconomicTimesSunshineHomesRedBayALCitiesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Your “system is rigged” report on what HUD really is all about was spot on.”

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HUD Logo, and all third party images are shown under fair use guidelines.

I’m not sure why you started to write about robots and AI, but I’m starting to get it.  Thank you.”

 

Really liked Arc of Dreams, those kinds of stories are inspiring.”

 

Thank you for [the] reports from overseas on factory built homes. It’s useful to get that international perspective.”  (Editor’s note: links in these quotes are often not in the original, they are provided for clarity, or as an example.)

 

When your team writes about it, we want to know about it.”

 

Our state’s association is useful on local matters. MHARR and MHProNews are the only reliable sources for national issues impacting our business.”

MHI-MHARR-MHEC-DC-MHProNews-collage-copyright2016WeProvideYouDecide

MHI, MHARR, MHEC logos, are each the property of their respective association, and are shown here under fair use guidelines.

Good job on the Pam Danner, preemption topic.”

 

As an MHI connected source said, “…several know about Jennison’s early efforts to manipulate you. Looks like [that was] his biggest mistake.”

 

Note to self. Don’t ever get on Tony’s bad side (lol).”

 

You’ve brought together a blend of manufactured, modular, general housing, economic, and political reports that are relevant. Keep it up.”

 

Preserving Access has become a bad joke. That dog won’t hunt with me anymore.”

PreservingAccessManufacturedHousingAct2017HR1699

One of several screen shots from reports on the odds for passage of Preserving Access. These odds change, You can do a search on that topic in the Daily Business News search tool, and see what third party researchers are saying about that issue. Watch for an upcoming, special report on another MHI-related financing issue.

Some of what you do is opinion based.  That said, your articles and opinions are useful.”

 

Marty’s [Lavin] points about MHI and their prior image building efforts are spot on. MHI doesn’t defend their own industry now, as Frank [Rolfe] has said. There are no good reasons to trust whatever they have to say about an image campaign.” (Editor’s note, again, links in these quotes are often not in the original, they are provided for clarity, or as an example.)

 

You’re the Matt Drudge of manufactured housing.”

 

Our office skims your daily market report, and reads everything else you publish. Thank you.”

 

What you’ve written about MHI, Jenny Hodge and the industry’s lending was the truth hiding in plain sight.”

 

I hate what you’re doing to MHI.”

 

We like 94% of what you publish. Kudos!”

 

Are there really going to be resident protesters at the MHI annual meeting?” (Note: several variations on this question come up. Our answer is, first, the history of Dave Anderson and groups like MHAction that are involved – long before the recent protest talk – that we’ve reported on for years.  Then, what sources from those camps and others are telling us. MHAction initially said words to the effect that their steering committee had to vote on it. Later, MHAction told MHProNews that they won’t confirm, nor deny, protest plans for MHI’s annual Orlando meeting. NMHOA has said, they “are not participating” [participating in what? The planned protests?].  See the latest report, linked here, and the people behind those anti-industry activist groups plans, linked here. Stay tuned.)

 

From a well known, long-time MHI member; Warren “Buffett owns Clayton and 21st, so he owns MHI. It’s obvious. But no one else except your team and MHARR have had the guts to say out loud what people have been talking about privately for years.”

 

The fact MHI doesn’t take you on, head on in an open debate, says it all.” 

 

How can MHI get such basic facts for manufactured housing consumers wrong?” (Editor’s note: links in these quotes are often not in the original, they are provided for clarity, or as an example.)

 

Go —— ————.”

 

Great work on that climate change and tornadoes report. We use those kinds of facts with a number of our customers.”

 

Your passion and true love for the industry shows. Please try to cut down on [the] typos. Thanks.”

 

I listened to you make several helpful suggestions in MHI meetings.  You’ve done articles up to a year or so ago that they ought to have liked.  I don’t get it.  What’s their beef that led up to the feud?”  (Editor’s note: we don’t consider it a “feud.” We report what we see and hear, and analyze what we see and hear.  On Preserving Access, for example, when MHI tried to allegedly mislead their own members, and their track record was so routinely questionable, those were a bridge too far.).

 

Donald Tye’s comments have been helpful and refreshing.”

 

You’ve got balls. Thank you, the industry needs what you guys do.”

 

A comment about MHI’s periodic email, called… “MHI Zen? Other than networking and their fair housing stuff, almost everything else coming out of MHI is posturing, chest thumping, irrelevant, already covered better by MHARR, you or a state association.  Often, their housing alerts are just more MHI lies and spin They’re a waste of money.”

 

Have you heard what the Orlando [MHI] turnout will be like? Their D.C. Fly-in was down 60% from last yearAre those activist protest rumors depressing their upcoming meeting attendance?”

 

I voted for Hillary, so I think you are wrong about [POTUS] Trump. But the rest of what you do is good, solid information.”

 

The “Preemption fact check, [was] goodThanks.”

 

We need a new national community and retailers [sic] association. What can you do about that?”

DefiningSICinJournalismDailyBusinessNewsMHProNews-com

 

Tony, no offense to Dennis [Hill], but I’m exploring doing events and trade shows. Would you be interested in working with me on that?”

 

Tell me more about VMF’s zero down chattel program.” (Editor’s note: the latest, linked here; and watch for another upcoming industry lending report.).

 

From a longer message…“They [the powers behind MHI] are devious monopolists, period. When I watched Dick Jennison say on camera that the industry should not grow fast, and Nathan Smith [previous MHI chairman] say on camera that he wanted all the communities for himself, that said it all.”  (Note: italics were added, they were not in the original.  And the two videos the writer is referring to, are reposted below.)

 

Richard A “Dick” Jennison, above, Nathan Smith, SSK Communities, below.

We need a new [national manufactured housing trade] association.” (Note: several variations on that topic come up. See the video comments, related, below.)

I’m an independent. Thank you for laying out the fact-based case for the Trump agenda. If the left had a policy of their own, they would not be losing special elections, behind on fundraising, trying to salvage Bernie, nor taking the risky tactic of funding those protests and rioters.”    (Editor’s note: links in these quotes are often not in the original, they are provided for clarity, or as an example.)

 

The RINOs make me sick. Rand Paul is right, there’s an unholy alliance between many in the GOP and Democrats. “

 

Soheyla’s point on Cavco was eye opening, and I think that fact applies to Clayton too.”

 

You and MHARR are the consistent, common-sense national voices for the industry.”

 

 

Industry Voices rocks, get more of that.”

 

Don’t let them bully you. Don’t stop now.”

 

Facts

 

People often ask us, what kind of feedback are you getting? The above represents a small sample.

Other facts also speak for themselves.

Sign-ups for our popular, industry leading, twice weekly emailed headline news updates are rising (note, we had a tech glitch on sign ups; which is now corrected — go to this link here).

Open and click through rates on email news updates are as much 50 to 250 percent higher than media and publishing averages, per MailChimp.

Page views per visit hover around 8, which is some 250% more than the typical mainstream media news site.

MHProNews56342Magazines32PagesEach2MillionPageViewsMastheadMHProNews

News tips and feedback are up.

IReportMHNewsTips@MHMSM-comMHProNews

All opinions are those of the writers and/or callers.

All opinions, claims, insults, and allegations should be treated as such. The two most common words we hear routinely include – ”thank you.”

We Provide. You Decide.” ## (News, analysis, comments.)

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

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

Warren Buffett’s Berkshire Hathaway Nears $100 Billion in Cash – What’s That REALLY Mean?

August 14th, 2017 Comments off
WarrenBuffettNears$100BillionCashCreditsLinkedInDailyBusinessNews

Warren Buffett, CEO of Berkshire Hathaway Inc. Credit, Linkedin, MHProNews.

Not often is having almost $100 billion in cash on hand considered a problem, or a bad thing at all.

But Warren Buffett, CEO of Berkshire Hathaway – parent to Clayton Homes and several other industry connected operations,  a well-known name to industry professionals and Daily Business News regulars – certainly sees it as a challenge.

Berkshire Hathaway Inc., the conglomerate run by Buffett for more than fifty years, recently reported having $99.7 billion in cash on hand.

The question is, ‘Are we going to be able to deploy it?’” Buffett said at Berkshire’s annual meeting in May. “I would say that history is on our side, but it’d be more fun if the phone would ring.”

Why is so much cash a problem?

According to Bloomberg, the large amount of money not being invested is a problem for the conglomerate because they pay no dividends.

Dec122012USATodayDailyBusinessNewsManufacturedHousingIndustryResearchDataReportsMHProNews

They also don’t often buy back their own stock (see screen capture, above).

BerkshireHathawayGrowthBillionsCreditsInvestopediadailyBusinessNews

Berkshire Hathaway cash pile-up growth chart. Credit, Investopedia

However, Berkshire Hathaway Inc. has invested some – albeit not much compared to what they have available – recently.

Buffett now has a stake in Apple Inc., in a move earlier this year.

More important to industry professionals, Daily Business News readers may also recall from a recent report that Berkshire’s division – Clayton Homes – recently acquired yet another industry home operation.  There are indicators that more housing operation deals could be in the pipeline.

Berkshire Hathaway has also made

  • two smaller retail investments,
    including a real estate investment trust,
  • a Canadian mortgage lender by the name of Home Capital Group Inc.,
  • the utilities arm of Berkshire Hathaway is also in the process of closing a deal for $9 billion to acquire Texas’s largest electric utility provider.

 

WarrenBuffettBerkshireHathawayClaytonHomesLogoDailyBusinessNewsManufacturedHousingIndustryResearchReportsMarketsMHProNews

Buffett has made his fortune and solid reputation on sound, smart investments rather than simply spending frivolously, and it’s possible he’s waiting to ride out the “Trump bump” the stock market has experienced since November—a rise that President Donald Trump has often taken credit for,” per Newsweek.

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Jim Shanahan, an analyst at Edward Jones. Credit, Edward Jones

 

It’s not a cause for alarm,” Jim Shanahan, an analyst at Edward Jones said, per Fortune. Over the next few years, “they’ll make some really interesting investments.”

It is unclear whether Buffett is waiting intentionally for something he believes is coming, or if he just hasn’t found the right investment to make.

I mean, we have not put our foot to the floor on anything for really a very long time,” Buffett said.

To put that money to work would be great,” said David Rolfe, chief investment officer at Wedgewood Partners, a money manager overseeing about $6 billion including Berkshire stock. But the “list of companies that he would like to own is very, very small.”

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David Rolfe, chief investment officer at Wedgewood Partners. Credit, Latticework.

With almost $100 billion in funds laying around, and affordable housing – and housing in general hot – it stands to reason that Buffett will allow Clayton Homes more operations, while they likewise seek to navigate the invisible line where regulators could become concerned.  ## (News, analysis.)

Editor’s Note: For the latest on Berkshire Hathaway, you can click on the Daily Business News market report every evening.  For the latest on Buffett’s fingers on the scale of hot political topics, click this link here.

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

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to Daily Business News at MHProNews.

 

Sunday Morning Weekly Recap Manufactured Housing Industry News August 6th to August 13th, 2017

August 13th, 2017 Comments off
ManufacturedHousingIndustryProfessionalNewsWeeklyRecap2017MHProNews

A look at the new MHProNews.com home page.

Our new August issue will go live tonight, Aug 6th.   Our featured articles will be available on the MHProNews.com home page. Our August theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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What’s New On MHLivingNews

Billionaire$ and Millionaire$ Proudly Hang Out in New York Manufactured Homes, Condo Resort

“Po-Dunk” Performer Kid Rock, Eyes Senate Run, Makes Manufactured Home Living 

Rising Renters Nation, Pew Research, Overlooked Affordable Home Ownership 

What’s New On MHProNews

August 12th, 2017

HyperloopOneEconomicTimesSunshineHomesRedBayALCitiesManufacturedHousingIndustryDailyBusinessNewsMHProNews

August 11th, 2017

DanMargaretMunzerLoebThirdPointNYPostMontaukShoresManufacturedHomeProfessionalNewsMHProNews

August 10th, 2017

 

August 9th, 2017

RobertScoluarIsmanHomesManufacturedHomeProVeteranHonoredArcofDreamsSouixFallsSDMHProNews

August 8th, 2017

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August 7th, 2017

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Kid Rock for Senate website = credit.

 

August 6th, 2017

 

Buffett’s Clayton Buys Yet Another Builder, Growing Dominance in U.S. Housing Market

July 10th, 2017 Comments off
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Russ Doyle (left) and Brooks Harris, founder-principals in Harris Doyle Homes. Right hand photo, still from video on this page, below.

Last week, the Daily Business News on MHProNews was the first in manufactured housing to report that Berkshire Hathaway’s Clayton Property Group added Colorado based Oakwood Homes to their expanding site-built housing portfolio.

Now, Keith Holdbrooks, president of Clayton home building group, has another announcement.

We are proud to welcome Harris Doyle to our family of homebuilders,” Holdbrooks said in a press release.

Builder noted today that “In his 2017 letter to shareholders of Berkshire Hathaway, ceo [sic] Warren Buffett gave a shout-out to Berkshire’s Maryville, Tenn.-based Clayton Homes group and the fact that it had closed on its first three “site-built” home building operators by the end of 2016.”

Adding that, “More will come,” Buffett promised. “Site-built houses are expected to amount to 3% or so of Clayton’s unit sales in 2017 and will likely deliver about 14% of its dollar volume.”

What Others Are Often Overlooking…

While those involved in the construction trades understandably focus on the site-built or factory home building, what is going largely unmentioned is that Warren Buffett’s Berkshire Hathaway has also gone into the real estate business in a substantial way. Berkshire Hathaway HomeServices.

In a release, Berkshire Hathaway Home Services had this to say.

Irvine, CA-based HSF Affiliates LLC operates Berkshire Hathaway HomeServices, Prudential Real Estate and Real Living Real Estate franchise networks. The company is a joint venture of which HomeServices of America, Inc., the nation’s second-largest, full-service residential brokerage firm, is a majority owner. HomeServices of America is an affiliate of world-renowned Berkshire Hathaway Inc.”

 

Combined with their substantial – and growing? – presence in the housing building and remodeling supply chain, Buffett’s Berkshire – is growing in several directions.  Known within the factory built home industry for being the parent for the largest HUD Code builder, Clayton Homes, plus 21st Mortgage and Vanderbilt Mortgage.

Among other brands, Buffett’s strong presence in Wells Fargo and other banking units that do manufactured home, as well as conventional house loans.  Bloomberg and Business Insider reported last April that Buffett had to cut his stake to under 10 percent of Wells Fargo, in order to get around concerns raised by the Federal Reserve.

Back to Clayton’s Newest Buy…

Clayton, a Berkshire Hathaway company and one of America’s largest homebuilders, today announced it has acquired Harris Doyle Homes, a leading residential developer and home builder for the greater Birmingham, Ala., area, effective July 7, 2017,” stated the Clayton release.

Harris Doyle Homes is the fifth homebuilding acquisition for Clayton since 2015 and the second homebuilder acquired this month,” Clayton said.

The release pointed out that Clayton built “In 2016, Clayton built more than 42,000 homes.”  While it didn’t say how many were HUD Code, the industry total for last year was some 81,100 new manufactured homes.

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To see the special Sunday evening report on this time sensitive topic, click the image above. Want more lending? Email your thoughts and comments on the GSEs plan to ‘serve’ manufactured housing. You can submit electronically to FHFA at the link shown below.

What impact will this trend have on manufactured housing, and the Manufactured Housing Institute (MHI)?

A growing number of professionals are emailing or calling MHProNews, whispering their concerns about possible “conflicts of interest.” Given that Buffett’s brands now hold two of the four executive committee positions at MHI, will Berkshire’s ever-growing presence in conventional housing influence the industry in ways that may not be for the good of most other HUD Code producers, or independent retailers, communities, and others?

What do these non-factory built housing units under the Buffett banner mean to industry efforts such as the Duty to Serve and if these are more evidence of conflicts of interest for MHI’s dominant player? ## (News, analysis.)

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

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