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Home > Analysis and Commentary, Association, Business, Economy, Manufactured Home Communities, Manufactured Housing Industry, News Item, People, Politics, regulation, Stocks, Trends > TMHA’s DJ Pendleton on “Retirement of a true MH advocate and ally,” Manufactured Housing Market Updates

TMHA’s DJ Pendleton on “Retirement of a true MH advocate and ally,” Manufactured Housing Market Updates

October 31st, 2017

CNNmoney10.31.2017ManufacturedHomeStocksMarketsReportsMHProNews2If 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.

 

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Selected headlines and bullets from CNN Money:

  • Facebook, Twitter, Google testify before Congress
  • Fox staffers: Russia coverage ‘an embarrassment’ Trending
  • Meet the CEOs who decide what you see online
  • California to tax pot as much as 45%
  • ‘Kill them all’: Russia Facebook trolls called for violence
  • Shoppers are warming up to Kellogg’s frozen foods
  • Exxon settles with Trump for $300M air pollution case
  • What to watch for in House GOP’s tax reform bill
  • Apple debuts hundreds of new emoji
  • Office touching: When it’s OK, and when it’s harassment
  • Tech’s top five now worth more than $3 trillion

 

Selected headlines and bullets from Fox Business:

  • Coal’s making a comeback, thanks to ‘Trump effect’
  • Dow, S&P finish record-setting month with a bang
  • Oil up near two-year highs, analysts see more U.S. crude exports
  • NYPD says several dead, more injured after driver strikes pedestrians
  • Hershey’s responds to FDA’s warning over eating too much black licorice
  • World Series ticket prices fall with Dodgers on brink of elimination
  • Trump aides’ indictments reveal no evidence of Russian collusion, fmr. DOJ attorney says
  • Cowboys owner Jerry Jones rips Goodell’s handling of Elliott suspension
  • North Korean hackers stole submarine secrets from Daewoo, lawmaker says
  • Apple hits record – pressure lies upon the iPhone X
  • Is Bitcoin becoming more legit?
  • Trump’s growth agenda, stock market rally are being dismissed by the media: Varney
  • Texas Gov. Abbott in Washington to pitch $60B recovery bill

 

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

S&P 500 2,575.26 +2.43(+0.09%)

Dow 30 23,377.24 +28.50(+0.12%)

Nasdaq 6,727.67 +28.71(+0.43%)

Crude Oil 54.64 +0.49(+0.90%)

Gold 1,271.50 -6.20(-0.49%)

Silver 16.71 -0.14(-0.81%)

EUR/USD 1.1644 -0.0005(-0.04%)

10-Yr Bond 2.38 +0.00(+0.08%)

Russell 2000 1,502.53 +11.64(+0.78%)

 9MarketIndicatorsYahooFinance10.31.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

 YahooFinanceManufacturedHousingCompValue10.31.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

 TMHA’s DJ Pendleton on “Retirement of a true MH advocate and ally…”

dj_pendleton__TexasManufacturedHousingAssociationTMHAcreditmhpronews

DJ Pendleton. TMHA, credit: MHProNews.

It comes as a surprise to many, because his seat was not considered to be at risk.

The Texas Manufactured Housing Association (TMHA) Executive Director DJ Pendleton texted MHProNews to say that Congressman Jeb Hensarling’s announced “Retirement of a true MH advocate and ally.”

When asked about possible successor to Hensarling, Pendleton said: “Just typical rumors of state house members and senators. But nothing official…yet. Formal announcements in interest are imminent,” he said to the Daily Business News.

 

House Financial Services Chairman Jeb Hensarling will not run for re-election in 2018, reports CNBC. 

Hensarling said in a statement that he decided to time his retirement from Congress with the end of his term as chairman of the House Financial Services Committee. The 60-year-old Republican from Texas also said he wanted to spend more time with his family,” per CNBC.

First elected to Congress in 2002, Representative Hensarling said, “I never intended to make it a lifetime commitment, and I have already stayed far longer than I had originally planned.” 

He pointed to issues near and dear to the manufactured housing industry, including housing finance reform and deregulation, as still being on his agenda.

Hensarling has been a proponent of rolling back Dodd-Frank, the reform package designed to limit the high-risk practices that triggered the financial crisis,” per CNBC. “The House passed a bill in June that would gut many of the key elements of those banking reforms.” 

He said he will be focused on tax reform as well.

Hensarling announcement follows Arizona Sen. Jeff Flake, and TN Senator Bob Corker, among others.  

But unlike Flake, Hensarling was not in danger of losing his seat,” stated CNBC. “In the 2016 election, the Texas Republican won his House seat handily, with about 81 percent of the vote in his district. That margin is far greater than the 50 percent of ballots cast that won Flake his Senate seat.”

 

JebHensarlingTXRHouseFinancialServicesCommitteeWikipediaDailyBusinessNewsMHproNews

Jeb Hensarling, official photo, chairman of the powerful House Financial Services Committee, R-TX.

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).

 10.31.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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


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