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Home > Analysis and Commentary, Economy, Manufactured Home Communities, Manufactured Housing Industry, News, Stocks > Tanker Strike Spark Oil Jump, Likely Rise in MH Transport Costs, plus Manufactured Home Stock Updates

Tanker Strike Spark Oil Jump, Likely Rise in MH Transport Costs, plus Manufactured Home Stock Updates

June 13th, 2019

CNNmone6.13.2019ManufacturedHomeStocksMarketsReportsMHProNewsWhen the cost of crude oil goes up or down, sooner or later, the cost for transporting a manufactured home will also routinely rise or fall.  So, this evening’s market focus is on the literally explosive situation off the Iranian coast near the Straights of Hormuz, where much of the world’s Middle Eastern oil is transported through. 

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy 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.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

CNN Business

  • A telling reaction
  • The oil market didn’t react much to the tanker attacks in Oman. Here’s why
  • Oil up 4% after two tankers were attacked off Iran’s coast
  • Why the Strait of Hormuz is so important
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  • Beyond Meat’s stock is up nearly 500%. That’s really too good to be true
  • Beyond Meat introduces new, meatier burger patty
  • Burger King’s Impossible Whopper arrives in San Francisco

 

Fox Business

  • American Airlines, Southwest shares surge after fare increases
  • Tesla’s request for China tariff relief denied by Trump administration: Report
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  • Trump says Sarah Sanders will leave White House at the end of June
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  • Universal Orlando’s much anticipated $300M ‘Harry Potter’ roller coaster is now open
  • AOC, Bernie Sanders skewer Amazon Prime’s new credit card: We ‘intend to outlaw it’
  • Chobani to pay Idaho school district’s $85,000 lunch debt
  • NBA Finals Game 6 ticket prices at record levels for Warriors’ last game at Oracle Arena
  • Ben Carson rips red tape behind the soaring housing costs
  • DNC spending more than it’s raising ahead of 2020 election
  • Will Kamala Harris prosecute President Trump?
  • 2019 ‘Pig Book’ finds government’s pork addiction getting worse
  • Like oil and gas dominance, America can win rare earth production
  • Trump defends remarks about taking foreign government intel on rivals
  • Sanders’ socialism vs. Biden’s nostalgia
  • How this Eagle Scout earned 138 badges

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

9MarketIndicatorsYahooFinance6.13.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

TankerStrikeSparkOilJumpLikelyMHTransportCostsManufacturedHomeStockUpdates

 

 

Per CNBC:

·        Attacks on tanker ships near the world’s busiest sea lane for oil shipments send oil prices sharply higher, partially reversing a deep slump in crude futures.

·        Tankers the Front Altair and the Kokuka Courageous have sustained significant damage in the Gulf of Oman, and their crews have been evacuated.

·        The strikes come against a backdrop of heightened tension between the U.S. and Iran and follow last month’s attacks on four tanker ships in the Middle East.

 

 

This oil spike graphic tells the tale at a glance.

 

WestTexasCrudePriceSpikeJune132019

 

 

 

Not only is transport cost of a manufactured home from the production center to a retailer or community impacted by a rise in oil prices, but also the cost of any secondary moves from a retailer to the home buyer’s site is impacted too.

Furthermore, products are transported to the production center, so those costs will ultimately be passed along too.

The Daily Business News on MHProNews will monitor these developments.

Related Reports:

Is War Ahead? Insider Sources in Iran Talk Trump, Middle East Conflicts, plus Manufactured Home Market Updates

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

 

YahooFinanceManufacturedHousingConnectedStocks6132019MHProNews

Updated:

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

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

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

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

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


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