Archive

Posts Tagged ‘yahoo finance’

UMH Properties, Inc. Declares Common and Preferred Dividends

October 4th, 2016 Comments off
collage2-ribbon-cutting-port-royal-umh-regional-retail-sales-center-belle-vernon-pa-manufacturedhomelivingnews-com-1-549x430

Collage credit: MHProNews.

On October 3, 2016, the Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016.  The company’s annual dividend rate on its common stock is $0.72 per share, according to Yahoo Finance.

Additionally, the board of directors declared a quarterly dividend of $0.515625 per share for the period from September 1, 2016 through November 30, 2016, on the company’s 8.25% Series A Cumulative Redeemable Preferred Stock payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016.

Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.

Also announced was a quarterly dividend of $0.50 for the period from September 1, 2016 through November 30, 2016, on the company’s 8.0% Series B Cumulative Redeemable Preferred Stock payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016.

umhpropertiesincdeclarescommonandpreferreddividendscreditbloomberg-postedtodailybusinessnews

Credit: Bloomberg.

UMH shares were down 0.59% at yesterday’s close, finishing at $11.85. UMH is one of the manufactured home industry-connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.

umh-properties-credit-screenshot-posted-manufactured-home-livingnews-dailybusinessnewsmhpronews

Image credits, MHLivingNews.com and UMH Properties.

A report on UMH’s most recently acquired properties, is linked here.

UMH is a real estate investment trust (REIT) that owns and operates 98 manufactured home communities (MHCs) in seven states east of the Mississippi, composed of 17,800 developed home sites. A detailed report on their 2nd quarter is linked here. ##

(Image credits are as shown.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

 

 

 

 


CVCO, NRF slide, Carlyle Group, LPX glide higher, Politics/Economics Mix

September 8th, 2016 Comments off

cnnmoneydowticker982016-posteddaiybusinessnews-mhpronewsOn items that CNN Money finds of interest as part of their market reports for the day: Wells Fargo fires 5,300 for creating fake accounts, Hillary Clinton finally holds a press conference and Airbnb is cracking down on discrimination. MarketWatch notes: iPhone 7 fails to impress, but Apple predicts sellout. Fed asks Congress to limit bank commodity activities, Libertarian presidential candidate Gary Johnson asks: ‘And what is Aleppo?’ In Clinton vs. Trump, “forecasters say anything could happen.”

The three major U.S. market indexes at the close today:

S&P 500: 2,181.30 -4.86 (-0.22%).

Dow JIA: 18,479.91 -46.23 (-0.25%).

Nasdaq: 5,259.48 -24.44 (-0.46%).

2016-09-08_1644yahoocredit-posteddailybusinessnewsmhpronews

Yahoo! Manufactured Housing Composite Value at the close, 1,396.71 -32.05 (-2.24%).

Manufactured Housing Composite Value Ticker

yahoomanufacturedhousingcompositevalue-posteddailybusinessnewsmhpronews

Graphic credit, Yahoo.

Among manufactured housing industry connected tracked stocks, the big losers for today: CVCO  and NRF slide.  Among the gainers, Carlyle Group and LPX.  See chart below.

Note: The Manufactured Housing Composite Value (MHCV) does not include many of the stocks in the report below.

 

2016-09-08_1641

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

2016-09-08_1642

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

Manufactured Housing Industry Connected Stock Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Sun & Third Ave lead, Deer Valley, UMH, LPX & MHCV recede

September 6th, 2016 Comments off

DowTickerCNNMoneyPostedDailyBusinessNewsMHProNews-CNN Money headlines included Donald Trump’s assertion that the Fed has created a “false economy,” and that Americans don’t believe unemployment rate (see in-depth labor and economic charts/graphics and report, linked here.) Meanwhile, MarketWatch warns – Clouds gathering on U.S. economy? And without action, a government shutdown looms in three weeks – a budget deal is needed.

The three major U.S. market indexes at the close today:

Dow Jones Industrial Avg. – 18,538.12 – 46.16 (0.25%).

S&P 500 – 2,186.48 – 6.50 (0.30%).

Nasdaq – 5,275.91 – 26.01 (0.50%).

S&P500DowJIATickerNasdaq-Yahoo-postedDailyBusinessNews-MHProNews

Graphic credit, Yahoo.

Yahoo! Manufactured Housing Composite Value at the close, 1,417.45-5.50 (-0.39%).

Manufactured Housing Composite Value Ticker

YahooManufacturedHousingCompositeIndex=postedDailyBusinessNewsMHProNews-

Note – for the first time, we are bringing readers the 1 day and the 5 day rolling on the MHCV, credit Yahoo.

 

DVLY was the largest loser on the day, while Cavco was the biggest gainer. For our recent deeper dive into Skyline, click here.  To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.

*Note: the chart below includes stocks not included in the MHCV

Bloomberg-ManufacturedHomeConnectedStocks-DailyBusinessNewsMHProNews-

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

bloomberg-ManufacturedHousingIndustry-MHCommunities-ConnectedStocks-postedDailyBusinessNewsMHProNews-

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

ICYMI, Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

Manufactured Housing Industry Connected Stock Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Cavco Leader, MHCV Outperforms, as soft jobs reports checks Wall Street

September 2nd, 2016 Comments off
DOWjia-9.2.2016creditCNNmoney-postedDailyBusinessNewManufacturedHousingIndustryConnectedStockMarketReport-MHProNews-

Dow 9-2-2016 Ticker credit, CNN Money.

Stocks ended modestly higher after a soft jobs report, says MarketWatch. “The U.S. added 151,000 jobs in August, slowing sharply from earlier in the summer.”

The billion-plus monthly pageview news aggregator Drudge Report cited the following headlines and numbers; Biggest gains in bars, restaurants‘Army of Men’ Out of Work 94,391,000 Not In Labor Forceand Gov’t Workers Outnumber Manufacturing Workers by 9,932,000.

All 3 major U.S. stock market indexes closed higher, with the Manufactured Housing Composite Value (MHCV) outperforming them all, see the report below.

Dow – 18,491.96  /  +72.66 +0.43%.

Nasdaq – 5,249.90  /  +22.69 +0.42%.

S&P 500 2,179.98  /  +9.12.

S&P500DowNasdaq9-2-2016-creditYahoo-postedDailyBusinessNews-MHProNews-

3 index ticker credit, Yahoo.

 

The Yahoo! Manufactured Housing Composite Value closed today at: 1,422.94 +34.09 (+2.45%).

Manufactured Housing Composite Value Ticker

YahooManufacturedHousingCompValue-PostedDailyBusinessNewsManufacturedHousingIndustryRelatedStockMarketReport-MHProNews-

Chart credit, Yahoo.

 

DVLY was the largest loser on the day, while Cavco was the biggest gainer.  To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.

*Note: the chart below includes stocks not included in the MHCV

9.2.2016BloombergTicker=ManufacturedHousingIndustryConnectedStockspostedDailyBusinessNewsMarketReport-MHProNews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

9.2.2016-BloombergTicker=ManufacturedHousingIndustryConnectedStocks2postedDailyBusinessNewsMarketReport-MHProNews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: As the insightful report yesterday by Joe Dyton reflects, or this performance comparison of Sun Communities with Apartment giant, MAA – linked here demonstrates, MHProNews is welcoming periodic guest writers.

ICYMI, Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

AMG sliding, MHCV rising, Other Markets Close Mixed

September 1st, 2016 Comments off
DOWjia91-2016-creditCNNMoney-postedDailyBusinessNews-MHProNews

NOTE: if you hear sounds coming on, scroll down to the FEMA manufactured housing report, and push PAUSE on the video. Sorry, but that video only offered an autoplay function. MHProNews produced videos do not do that…Image credit above, CNN Money.

U.S. Manufacturing Hits Rough Spot in Possible Warning on Growth,” says Bloomberg, which also notes thatIt’s Hard to Overstate How Quiet Stock Markets Are Right Now.” In the wake of their spectacular explosion on the launch pad, CNBC asks – Why was Facebook launching a satellite?”

The three main U.S. Markets closed mixed, as shown by the numbers, below.

Dow +0.10% 18,419.30  /  +18.42 +0.27%.

Nasdaq 5,227.21  /  +13.99.

S&P 500 -0.00% 2,170.86  /  -0.09.

S&P500DowJIA-Nasdaq3Tickers-creditYahoo-postedDailyBusinessNewsMHProNews-

3 Market Tickers, credit, Yahoo.

The Yahoo! Manufactured Housing Composite Value closed today at: 1388.8, with Today’s Change: +0.86%.

Manufactured Housing Composite Value Ticker

YahooFinanceManufacturedHousingIndustryConnectedStocksCompositeValue-PostedDailyBusinessNews-MHProNews-

Credit, Yahoo Finance for the Daily Business News, MHProNews.

AMG was the largest loser on the day, while LPX was the biggest gainer, followed by UMH (note: for those eagle eyes out there, DVLY may look to be the day’s largest gainer, but note the date posted for their last trades…).

*Note: the chart below includes stocks not included in the MHCV

9-1-2016ManufacturedHousingIndustryMHCommunitiesParksConnectedStocks-creditBloombert-postedDailyBusinessNews-MHProNews

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News –MHProNews.

9-1-2016ManufacturedHousingIndustryMHCommunitiesParksConnectedStocks-creditBloombert-postedDailyBusinessNews2-MHProNews

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News –MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: As the insightful report today by Joe Dyton reflects, MHProNews is welcoming periodic guest writers. ICYMI, Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

 

UMH leads, Manufactured Housing CompValue recovers, as broader Stocks close lower

August 31st, 2016 Comments off

DowTicker=creditCNNMoney8-31-2016-postedDailyBusinessNews-MHProNews-The S&P 500 snapped its 5 month winning streak today, says CNBC, with the energy sector down. Treasuries also retreated, following the ADP jobs report. A CNNMoney Op-Ed suggests that it is business that must lead the way to global recovery.

UMH Properties (UMH) led gainers, in the manufactured housing related report, below.

Daily Business News Market Tracker (Yahoo, CNBC):

DJIA closed at 18400.88, down -53.42 points or -0.29%.

NASDAQ continued down too, closing at 5213.22, losing -9.77 points or -0.19%.

S&P 500 finished the day at 2170.95, retreating -5.17 points or off -0.24%.

S&P500DowJIANasdaq3Tickers-creditYahoo-postedDailyBusinessNews-ManufacturedHousingIndustryProNews-

Yahoo Finance, Main 3 U.S. Markets Tickers, for Daily Business News, MHProNews.

 

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained ground today, beating the broader markets, by rising 1.96 (+0.14  percent), and settled at $1,377.06.

8.31.2016 Manufactured Housing Composite Value Ticker.

YahooFinance-ManufacturedHousingCompositeIndexTicker-postedDailyBusinessNews-MHProNews-8-31-2016

Yahoo Finance Manufactured Housing Composite Value, on 8.31.2016 for the Daily Business News, MHProNews.

The MH-related tracked stocks biggest loser was Carlyle (CG) featured in a report linked here,  and the biggest gainer was UMH Properties (UMH), up 0.94 percent (see below).  ELS and Cavco had featured reports, see respective links for more details.

*Note: the chart below includes stocks not included in the MHCV

8.31.2016MarketReportcredit-BloombergTicker-DailyBusinessNewsManufacturedHousingIndustryRelatedStocks-MHProNews-

Credit, Bloomberg ticker for Daily Business News – MHProNews.

8.31.2016MarketReportcredit-BloombergTicker2-DailyBusinessNewsManufacturedHousingIndustryRelatedStocks-MHProNews-

Credit, Bloomberg ticker for Daily Business News – MHProNews.

 

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Carlyle Group Urged to Act, Indexes slip, CNBC says banks preparing for ‘Economic Nuclear Winter’

August 30th, 2016 Comments off
DowJIAvgCreditMarketWatch-DailyBusinessNewsMHProNews-

Graphic credit, MarketWatch.

Bankers are nervous over the UK’s Brexit, says CNBC, and they’re jittery of the fallout of that event.  Oil slides, reportedly over the strong dollar, but talk of a potential Clinton administration taxing fossil fuels even more is likely part of the mix.  Gold is losing its luster with their big fans. Bloomberg says Carlyle should invest more of that “dry powder” they have, see a report upcoming on the Daily Business News about CG.

Daily Business News Market Tracker (Yahoo, CNBC):

DJIA closed at 18454.30, after a fall of -48.69 points, or -0.26%.

NASDAQ had a slide too, closing at 5222.99, losing -9.34 points, or -0.18%.

S&P 500 finished the day 2176.12, giving back -4.26 points.

S&P500DowNasdaqtickercredit-Yahoo!PostedDailyBusinessNews-ManufacturedHousingConnectedStockReportMHProNews

Yahoo Finance, Main 3 U.S. Markets Tickers.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gave back -4.71 percentage points, and finally settled at $1,391.40.

Yahoo!FinanceManufacturedHousingCompositeValue-8-3020-postedDailyBusinessNewsMHProNews

8.30.2016 Yahoo! Finance Manufactured Housing Composite Value Ticker.

The MH-related tracked stocks biggest loser was Third Ave (TAVFX), and the biggest gainer was Patrick (PATK) with a 1.90 percent climb to close at $64.45. Cavco was featured in a weekend report, linked here, and closed up.

*Note: the chart below includes stocks not included in the MHCV

ManufacturedHousingRelatedStocks8302016credit-BloombergWatchList-DailyBusinessNews-ManufacturedHousingIndustryMHProNews

Credit, Bloomberg ticker for Daily Business News – MHProNews.

ManufacturedHousingRelatedStocks8302016credit-BloombergWatchList-DailyBusinessNews2ManufacturedHousingIndustryMHProNews

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

 

Manufactured Housing CompValue slips, 3 Markets Rise, but Oil Retreats

August 29th, 2016 Comments off

DowClosingTicker8292016-postedDailyBusinessNews-ManufacturedHousingIndustryMarketReport-MHProNews-U.S. stocks are adjusting to an expected Federal Reserve rate hike, MarketWatch reports.

CNBC, which was panned for its GOP primary debate moderation in 2015, is now playing the role of cheerleader for Hillary Clinton’s presidential hopes, saying Wall Street expects her to win over Trump in November. Trump ally, Carl Icahn watches Herbalife rise after he grew his stake, and oil is slumping again.

Daily Business News Market Tracker (CNBC):

Symbol Price Change %Change
DJIA 18502.99 107.59 0.58%
NASDAQ 5232.33 13.41 0.26%
S&P 500 2180.38 11.34 0.52%
Yahoo3MarketsIndexTickers-8-2902016-postedDailyBusinessNews-MHProNews-

Yahoo Finance, Main 3 U.S. Markets Tickers.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gave back -4.71 percentage points, and finally settled at $1,391.40.

8-2902016-YahooFinanceManufacturedHousingCompositeValueManufacturedHousingIndustryRelatedStocks-DailyBusinessNewsMHProNews

8.29.2016 Yahoo! Finance Manufactured Housing Composite Value Ticker.

The MH-related tracked stocks biggest loser was Third Ave (TAVFX)and the biggest gainer was Patrick (PATK) with a 1.90 percent climb to close at $64.45. Cavco was featured in a weekend report, linked here, and closed up

*Note: the chart below includes stocks not included in the MHCV

ManufacturedHousingIndustryRelatedStocks-tickercreditBloomberg-postedDailyBusinessNewsMHProNews

Credit, Bloomberg ticker for Daily Business News – MHProNews.

ManufacturedHousingIndustryRelatedStocks-tickercreditBloomberg2postedDailyBusinessNewsMHProNews

Credit, Bloomberg ticker for Daily Business News – MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Deer Valley Homebuilders Leaps, Dow Dips, MHCV Slips

August 26th, 2016 Comments off
8-26-2016DowTickerCNNMoney-postedDailyBusinessNews-MHProNews

Image credit, CNN Money.

The brakes are being tapped on stocks, as Fed Chair Janet Yellen has said that the odds of a rate hike have strengthened. Talk of negative rates, as well as two possible rate hikes this year are being floated. Oil, gold, the Dow and S&P 500 have all retreated, while the Nasdaq posted a modest gain.

Daily Business News Market Tracker:

Dow 18,395.40 -53.01 -0.29.

S&P 500 2,169.04 -3.43 -0.16.

Nasdaq 5,218.92 6.71 0.13.

8262016ImagecreditBloomberg-postedDailyBusinessNews-MHProNews

Image credit, Bloomberg.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained -1.27 percentage points, and finally settled at $1,396.10.

YahooFinanceManufacturedHousingCompValue-8262016-postedDailyBusinessNewsMHProNews

 

The MH-related stocks biggest loser was UMH Properties (UMH), and the biggest gainer was Deer Valley Homebuilders (DVLY) with a 9.09 percent climb to close at $105.40. Affiliated Managers Group (AMG) was featured in a special report today, linked here, and their day closed up.

*Note: the chart below includes stocks not included in the MHCV

2016-08-26_1645Bloomberg-ManufacturedHousingConnectedStocks-PostedDailyBusinessNews-MHProNews

2016-08-26_1645Bloomberg-ManufacturedHousingConnectedStocks-PostedDailyBusinessNews-MHProNewsB

Manufactured Housing related stocks tickers credit, Bloomberg, for the Daily Business News, MHProNews.com

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

MH Industry Market Report by L. A. “Tony” Kovach, to Daily Business News for MHProNews.

Cavco leads in Manufactured Housing, Broader Markets Continue to slide

August 25th, 2016 Comments off

DowMarketTicker-8252016creditMarketwatch-postedDailyBusinessNews-MHProNewsIn today’s markets, the Dow Jones logged its lowest close in the past 3 weeks. The U.S. Dollar joined the herd of key indicators that are worried about the Fed’s Chair, Janet Yellen’s, upcoming speech. MarketWatch also reported that SEC fines 13 investment firms for advertising false performance claims, and that Dollar store results suffer from pressures on low-income consumers.

Daily Business News Market Tracker:

DowSPNasdaqMarketTicker-8252016creditMarketwatch-postedDailyBusinessNews-MHProNews

 

The Dow Jones Industrial Average lost -33.07 points to close at 18,448.41.

The S&P 500 dropped -2.97 points and closed at 2,172.47.

NASDAQ closed at 5,212.20.

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained +9.80 points and finally settled at $1,414.04.

YahooFinanceManufacturedHousingCompositevalue8252016-postedDailyBusinessNewsMHProNews

The MH-related stocks biggest loser was Skyline Corp (SKY) closing at $11.15 due to a -2.19% drop and the biggest gainer was Cavco Industries (CVCO) with a 1.91 percent climb to close at $105.40.

*Note: the chart below includes stocks not included in the MHCV

ManufacturedHousingIndustryConnectedStocks-8252016-creditBloomberg-postedDailyBusinessNews-MHProNews-

ManufacturedHousingIndustryConnectedStocks-8252016-creditBloomberg-postedDailyBusinessNews-MHProNewsB-

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits, MarketWatch, Bloomberg, Yahoo! Finance.)

FrankGriffinDailyBusinessNewDBNwriterMHProNewsManufacturedHousingIndustryNews75x75

Frank Griffin, Daily Business News, MHProNews.

MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.