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Triad Financial Services, ECN Result$, plus Manufactured Housing Industry Stock Updates

May 21st, 2019 Comments off

CNNmone5.21.2019ManufacturedHomeStocksMarketsReportsMHProNewsAs longtime readers of this evening report know, this report has evolved from the early days of our daily reporting. In more recent years, we not only provide readers with the closing tickers for manufactured home industry-connected equities, but we also give a snapshot of the broader markets. Furthermore, in our spotlight, we look at issues that may be political, economic, or industry specific which move investors.  Tonight’s focus report is very industry specific, ECN Capital, the parent company to one of the most enduring firms in all of manufactured housing, Triad Financial Services (Triad, or TFS).

 

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 belowafter 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.

 

Select bullets from CNN Money…

  • Kroger and Walgreens go green
  • Shoppers in a handful of states will soon be able to reuse these common household goods
  • What did Huawei do to land in such hot water with the US?
  • Huawei could be the first big casualty of China’s clash with America
  • The US-China trade war hurts American families
  • LIVE UPDATES Dow jumps 197 points; Kohl’s plunges 12%
  • Tampax introduces its first organic tampon
  • Why American steel stocks plummeted in the past year, despite tariffs
  • BP resists calls to match Shell’s climate change goals
  • For the first time, Amazon faces an enormous slate of shareholder proposals
  • Despite a bold approach, Kohl’s struggles to escape department store woes
  • Fresh out of office, former Chicago Mayor Rahm Emanuel jumps from politics into media
  • Why Corporate America’s mountain of debt matters
  • Fox News host privately encouraged Trump to pardon servicemen accused of war crimes
  • Meet the 31-year-old CEO trying to revolutionize real estate investing
  • LONDON, ENGLAND – APRIL 29: A general view of Jamie Oliver’s restaurant chain Jamie’s Italian near the Angel on April 29, 2018 in London, England.
  • Celebrity chef Jamie Oliver’s restaurant chain collapses
  • Nike and Adidas to Trump: Tariffs on shoes would be ‘catastrophic’
  • Rent the Runway investor: VCs should back more woman-led firms
  • Dressbarn is going out of business
  • Kohl’s stock sinks after sour earnings
  • JCPenney lost $154 million last quarter
  • Discount chain Fred’s is closing 104 more stores
  • Payless is closing all its 2,100 US stores
  • Coca-Cola is bringing back New Coke
  • Coke launches first new flavor in years: Orange Vanilla
  • These new Coke bottles look like Star Wars droids
  • PepsiCo’s latest green product is a high-tech water cooler
  • How Coca-Cola plans to help fix recycling

Select Bullets from Fox Business

  • Trump prepares another round of farmer aid as US-China trade tensions escalate
  • GM, Ford are shrinking their workforces. Here’s why.
  • Apple’s stock is having its worst month of the year. Here’s why
  • Huawei founder: US government ‘underestimated our power’
  • California sues Trump administration for pulling high-speed rail funds
  • Bill Gates suggests you read these five books this summer
  • WATCH: Mini Ocasio-Cortez impersonator is a viral sensation but hasn’t earned a single dollar, she says[overlay type]
  • WATCH: Mini Ocasio-Cortez impersonator is a viral sensation but hasn’t earned a single dollar, she says
  • Trump’s Pennsylvania rallies are a better indicator than polls: Former GOP pollster
  • 10 best beach towns to retire in the US
  • Tesla stock slashed from $97 to $10 in worst-scenario, Morgan Stanley says
  • Trump still wants to end carried interest tax benefits
  • IRS to auction off hundreds of gold, silver coins seized from tax evader
  • Retail apocalypse? US-China tariffs could cause 12,000 stores to close: UBS
  • Bad reasons to claim Social Security early
  • Economic war with China about to go to ‘another level,’ Steve Bannon says
  • ‘Fight for $15’ protesters file sexual harassment charges against McDonald’s
  • Bernie Sanders to attend Walmart shareholders meeting, call for employee representation on board
  • Bird strike reportedly suspected of having role in deadly Ethiopian Airlines Boeing 737 Max crash
  • Coca-Cola is bringing back New Coke thanks to Netflix’s ‘Stranger Things’
  • Urban Outfitters announces new monthly clothing rental service
  • Californians ‘very stretched economically,’ significant numbers fleeing: survey
  • Trump doesn’t want a war with Iran, Admiral William McRaven says

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

9MarketIndicatorsYahooFinance5.21.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

TriadFinancialServicesECNResultsPlusManufacturedHousingIndustryStockUpdates

From their investor package the reported their 1st quarter results, are the first three bullets below.

  • Following its inception in 2016, ECN Capital transitioned from a balance sheet lender to a manager of balance sheet light lending services.
  • Over the last 2+ years, ECN has divested or wound down its legacy lending assets and acquired three asset light services companies.
  • Today, ECN is an asset manager that owns business services providers operating fee-based, asset-light models through which it originates, manages and advises on prime credit portfolios for its bank customers.

From the Triad Financial Services portion of their investor relations, first quarter results published May 8, 2019, we see this.

q12019TriadFinancialServicesECNManfuacturedHomeIndustryDailyBusinessNewsMHProNews

Manufactured Housing Industry positioned for increasing shipment rates as an affordable housing solution.”

That’s arguably true, but in fact the industry is in a 7-month downturn.  The MHProNews/MHLivingNews analysis based upon news tips, fact-checks, and background research reveals that many of the industry’s struggles are internal ones.

Nevertheless, Triad/ECN has managed to achieve growth during a time when other outside of the communities’ sector have struggled with.  That’s to their credit.

BloombergECNTriadFinancialServicesDailyBusinessNewsMHProNews

It should be noted that since Don Glisson, Jr. Triad’s president, stepped down as the Manufactured Housing Institute (MHI) chairmanship, each of the next three MHI chairman have had one or more legal, regulatory and other clouds of them and/or their firms.

Local Knoxville metro media are among the sources that revealed multiple federal investigations into Clayton Homes and their related lenders. MHProNews is aware of other federal investigations. Cavco’s former president stepped down after an SEC subpoena. There are so-called ‘black hat’ behaviors by prominent MHI member firms. Then there are MHI firms that are ‘white hat’ firms. Membership should not be construed automatically be viewed as an ethically led firm.

By contrast, Triad has seemingly been squeaky clean.  They are an apparent white hat firm in a trade group that has several high-profile ‘black hats.’

Back to the ECN presentation, we see:

Floorplan initiatives showing progress on increased core MH market share,” per Triad/ECN.

TriadFinancialServicesECNCapitalOriginationsMay82019Q12019ReportDailyBusinessNewsMHProNews

Also: “Servicing penetration continues to rise leading to increased ongoing revenue streams.”

BetterBusinessBureauBBBTriadFinancialServicesA-DailyBusinessNewsMHProNews5.21.2019

The entire ECN May presentation is linked here as a download.  A prior ECN/Triad report is below.

Triad Financial Services Recent Reporting on Manufactured Home Lending

MHProNews has no position in the firm, nor others in the evening market report.  These are reports and industry insights found published by no one else in manufactured housing.  Maybe that’s why we are the runaway #1?

Related Reports:

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

Skyline Champion (SKY) Hedge Fund Dumps Shares, Value Declines

Nobility Homes Annual Report – New, Illustrated Investor’s Corporate Snapshot of Manufactured Modular Home Producer

Deer Valley Homebuilders Release w/Video Underscores Surprising Clayton Homes, Berkshire Hathaway Connections

Andy Gedo, Partner at ManageAmerica, Raises Clayton Homes Monopolistic Practices Debate; Manufactured Housing Institute Related Issues

 

Antitrust Heats Up With Supreme Court Ruling, Monopolization Legal Experts Weigh In, Clayton-Related Comment Connection

 

Manufactured Housing Institute Housing Alert! “On Capitol Hill…MHI Advances Manufactured Housing Finance Reform,” Redux

http://mhmarketingsalesmanagement.com/industry-news/hot/why-richard-dick-jennison-and-lesli-gooch-at-mhi-should-resign-or-go

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

5.21.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

Ramadan 2019, Faith, Fear, Drama – plus Manufactured Housing Market Updates

May 6th, 2019 Comments off

CNNmone5.6.2019ManufacturedHomeStocksMarketsReportsMHProNewsControversy for its own sake is not the goal here at MHProNews. There is a strong need to respect the rights for freedom of religion and free speech for all. At the same time, freedom should not be cover for extremism and violence. Tonight’s market report will be a bit different, as you will see.  On a day when trade talk (again) impact on the markets was a dominating topic, and there were more MH losers than gainers, we thought we’d shake it up on the start of Ramadan with this special report.

 

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.

 

LeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • Dow makes major recovery, rebounding from 471-point plunge
  • Analysis: If the US and China can’t agree on trade, the Fed may need to cut rates after all
  • LIVE UPDATES Dow falls 66 points, recovering from morning plunge
  • The US-China trade war: How we got here and why it matters
  • Retailers warn Trump: They say tariffs will boost prices, hurt jobs
  • Trump takes investors by surprise: Tariff Man blindsides Wall Street
  • Trade talks: China is still planning to attend despite Trump’s tariff threat
  • Going public: Uber picked one hell of a week for its Wall Street debut
  • Warren Buffett says trade war would be ‘bad for the whole world’
  • Kraft Heinz to restate earnings for 2016 and 2017 after employees faked numbers
  • CBS News shakes up morning and evening lineups
  • Elon Musk’s statements about Tesla are ‘horses**t’, David Einhorn says
  • Starbucks’ Chinese rival Luckin looks to raise $586.5 million in US IPO
  • Lord & Taylor may go up for sale
  • What every first-time CEO should know
  • Planet Fitness is moving into old Toys ‘R’ Us and Sears stores
  • French telecoms company and former CEO face trial over wave of suicides
  • Wendy’s is bringing back its spicy chicken nuggets. You have Chance The Rapper to thank
  • Man buys Tesla with money he made with Alexa’s help
  • The meatless burger revolution is just getting started
  • Warren Buffett gives his take on the future of Apple
  • Huawei is the only major smartphone brand still growing in China. Apple is fading fast
  • Apple’s iPhone sales fall 17% from prior year
  • Apple is making it easier to recycle your old iPhone
  • Experts say iPad screen time is bad for kids. Here’s why I’m ignoring them
  • A startup that’s never launched a rocket keeps landing big contracts
  • Jeff Bezos’ rocket company launches another test of its tourism spaceship
  • Elon Musk sets bold goals. But has he delivered?
  • Hear some of Elon Musk’s most ambitious predictions
  • What’s the next internet-like investing opportunity? Some on Wall Street say it’s spaceflight

Select Bullets from Fox Business

 

  • Trump’s tariffs: Where we are, where we might be going
  • US stocks rebound after huge early session plunge
  • Instagram shopping could be worth $10B to Facebook
  • Hurricane season 2019: Most Americans think storms are getting worse, study says
  • Golf pro Bubba Watson takes CBD to recover after tough days on the green
  • Piscopo: Adam Sandler, ‘SNL’ Trump roast was fair and balanced
  • Most expensive US infrastructure projects
  • Kentucky Derby disqualification cost bettors millions of dollars
  • Kentucky Derby’s 2-time Triple Crown trainer Bob Baffert a $287M horse racing institution
  • Maximum Security owner appeals Kentucky Derby disqualification
  • Most affordable cities for middle-class homebuyers
  • Fuel tax hike back in focus as lawmakers talk infrastructure
  • China’s 100-person trade delegation in limbo after tariff tweet storm
  • Uber, Lyft drivers to strike ahead of Uber’s big IPO
  • Biggest challenges facing small business owners
  • Major doctor shortage predicted by 2032
  • Royal baby could give royal boost to UK, even US, economy
  • Billionaire Mark Cuban reveals shocking ‘side hustle’ that paid $25 an hour: ‘I’d take that job now’
  • Tyson Foods expands recall to almost 12 million pounds of chicken strips
  • Warren Buffett slams bitcoin as a ‘gambling device’
  • EXCLUSIVE: Tim Cook ‘thrilled’ Berkshire’s Buffett owns Apple stock
  • Berkshire’s Buffett calls himself a ‘card-carrying capitalist’
  • Trump absolutely right to slap new tariffs on China
  • Real reason Congressional Democrats trash Barr: Varney
  • Trump China tariff threat comes as markets enter Twilight Zone

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

9MarketIndicatorsYahooFinance5.6.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

 

Ramadan2019FaithFearDramaPlusManufacturedHOusingMarketUpdatesDailyBusinessNewsMHProNews

There are not enough who ponder how the largely open southern border is a security issue for not only criminal activity, but also possible terror.

At the same time, there is a rightfully a need to balance facts and fear. 

So we’ve provided a series of videos this evening, that cross the left-center-right spectrum on the issue of Islam and Ramadan. As this writer grew up in a predominantly Muslim nation, I could weigh in, but would prefer to handle it today, this way. Let’s see what others have to say.

Canada PM Justin Trudeau message for #Ramadan 2019

 

 

Terrorist attack in Sri Lanka leaves more than 200 dead

 

 

 

Security high as small Sri Lanka church holds mass

 


 

Sri Lanka Terror Attacks: Muslims to keep Ramadan celebrations low-key

 

 

In Sri Lanka, some Muslims say, this year, they’ll keep Ramadan celebrations low-key out of respect for the victims of the Easter Sunday bombings. Many are also worried about a potential backlash after Daesh claimed responsibility

Is Islam a Religion of Peace? 

Is Islam a religion of peace? Is it compatible with Western liberalism? Or does Islam need a reformation, just as Christianity had the Protestant Reformation? Somali-born author and activist Ayaan Hirsi Ali explains.

 

 

Let’s close with a snapshot of issues from our last report from Iran.

 

Related Reports:

“You Made Me, Promises, Promises…” Historic Iranian, American Lessons in Freedom

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

5.6.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

 

Wells, Chase, Citi Mortgage Lending Plunges, Plus Manufactured Home Stock Updates

April 16th, 2019 Comments off

CNNmone4.16.2019ManufacturedHomeStocksMarketsReportsMHProNewsThe Daily Business News on MHProNews will take step back in time to January 19, 2019, when Andrea Riquier with MarketWatch reported on a noteworthy trend.  This will tee up the first of a periodic series of reports on what Harvard’s Eric Belsky called the ‘life blood’ of housing, financing.  On a day when the markets generally rose, as the stocks tracked here from MHVille were mixed, we’ll look at Riquier’s data to see what insights it offers for manufactured housing industry professionals, watchers, and investors.

 

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 belowafter 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.

 

LeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • America has too many stores
  • 6,000 stores have already closed this year. That’s more than all of last year
  • Millions of people globally can’t access the internet. Amazon wants to change that
  • ANALYSIS Tech companies have a major ‘live’ problem
  • ‘The Hunchback of Notre-Dame’ sales soar on Amazon France
  • Casper has woken up the bedding industry
  • Sony’s next PlayStation: Here’s what we know
  • LIVE UPDATES Stocks close slightly higher, boosted by Qualcomm rally
  • Huawei’s rise to the top wasn’t pretty
  • Aston Martin unveils its first electric car
  • How to job search without losing your current job
  • Buttigieg campaign in talks with Fox News to host televised town hall
  • Best Buy’s new female CEO will join a growing — but still minuscule — club
  • Apple and Qualcomm drop all of their legal disputes
  • Netflix is nearing 150 million subscribers
  • France’s 3 richest families lead $700 million fundraising effort for Notre Dame
  • Why I’m not quitting Facebook yet
  • New Zealand’s privacy commissioner calls Facebook ‘morally bankrupt’
  • AOC quit Facebook. Welcome to the club, Congresswoman
  • Leaving Facebook makes people happier but less informed, study says
  • The world is coming after Silicon Valley. Tech companies must evolve to survive
  • How Best Buy’s outgoing CEO rescued the company
  • Caesars takes a bet with new CEO
  • Mattress Firm loses CEO
  • Wells Fargo’s CEO is out. Here’s how the bank can end its crisis
  • Netflix’s Reed Hastings to depart Facebook’s board

Select Bullets from Fox Business

  • T-Mobile, Sprint shares drop amid DOJ opposition to $26B merger
  • Stocks up despite health care company worries
  • Former Google CEO ‘absolutely convinced’ AI will create ‘huge jobs shortage’
  • Apple, Qualcomm settle royalty litigation, Qualcomm shares soar
  • FAA safety panel certifies training for Boeing Max software update as investors call for board revamp
  • Netflix earnings rise in 1Q but pace of new US subscribers slows
  • What 2020 Democrats want to fund by repealing Trump’s tax cuts
  • Stop & Shop strike: What to know
  • WATCH: Ocasio-Cortez suggests cutting Israel aid. Gen. Jack Keane says ‘It’s money well spent’
  • Bernie Sanders wants to impose a Wall Street speculation tax: What to know
  • Tiger Woods to earn Medal of Freedom after Masters win, joins star-studded list of athletes
  • Apple joins Louis Vuitton, Gucci owners in pledge to rebuild Notre Dame after fire
  • US, China making good progress ‘across the board,’ Larry Kudlow says
  • NY congresswoman AOC refuses to meet with banks’ top brass
  • illennials lie the most on resumes – here are the most common fibs
  • Alibaba’s Jack Ma calls 12-hour days a ‘blessing,’ argues for 72-hour work week
  • Here’s how much wealthy Americans pay in taxes
  • What you need to know if you miss the tax deadline
  • These taxpayers have extra time to file this year
  • AT&T sells Hulu stake, values video service at $15B
  • United joins American, Southwest in canceling Boeing Max flights
  • Foxconn chair Terry Gou says he may run for Taiwan president, step back from daily business
  • CBS-Viacom merger talks back on delaying Moonves replacement
  • Charlie Kirk: Why China is America’s greatest enemy
  • 5G race full-speed ahead: Misguided attempt to nationalize is over, for now
  • Notre Dame fire strikes the heart of Paris: Varney

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

9MarketIndicatorsYahooFinance4.16.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

WellsChaseCitMortgageLendingPlungesPlusManufacturedHousingStockUpdatesDailyBusinessNewsMHproNews

Visiting a bank to get a mortgage? You’re in the minority,” wrote Andrea Riquier. “With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging.”

Here are some key pull quotes.

 

  • In the fourth quarter, mortgage originations at Citi were down 23% compared to a year ago. At Wells Fargo WFC, they were 28% lower, and at JPMorgan Chase JPM, they were down 30%.
  • What’s going on? Here’s how JPMorgan CFO Marianne Lake described it in her prepared remarks to analysts Wednesday: “Home Lending revenue was down 8%, driven by lower net production revenue in a low volume highly competitive environment.”
  • In other words, fewer people want to take out mortgages from us, and those who do aren’t as profitable for us.

 

This is relevant to manufactured housing on numerous levels.  Let’s note first that Wells Fargo, which Berkshire Hathaway has a serious stake in, has routinely been among the top 3 lenders on manufactured homes for some time.

  • First, it is outrageous that during an affordable housing crisis, that manufactured homes have been in a 6-month downturn. That’s an indictment on the industry’s big boy leaders, no matter how you want to spin it.  When some 80 percent of the production is produced by three firms covered in our report below, that’s a financial finger wagging in their faces.
  • While MHProNews has a report out of Michigan that suggests that the downturn might mitigate in the March shipment numbers, even if there is a rise, that will still be tepid compared to shipment levels from 20 years ago.
  • Part of the issue that the Manufactured Housing Association for Regulatory Reform (MHARR) and others point to is related to financing of manufactured homes. See a recent MHARR report, linked here.

 

Back to what MarketWatch said then…

 

  • Banks spent the early years of the post-financial crisis recovery fleeing the mortgage market. But more recently, it’s felt a little like the mortgage market is fleeing from banks. Mortgage lending is down, mostly because there aren’t enough houses for people to buy to sustain a healthy housing market – although rising rates aren’t helping either. Also thanks to those higher rates, the long refinance boom is over.
  • Among those people who do find houses to buy or a reason to take out a different mortgage, more are using “non-banks” like Quicken Loans and LoanDepot than old-fashioned deposit-taking institutions. As of the end of last year, 59% of all mortgages were made by non-banks, according to Urban Institute data.

 

MHProNews’ publisher L. A. ‘Tony’ Kovach wrote a column called “The High Cost of Low Volume Sales.” The Texas Manufactured Housing Association (TMHA) were among those that reproduced that article. A flashback on that is linked here.

Here at MHProNews, we follow the money trail, the fact, evidence, and logic and ask the questions that no one else in our industry’s trade media are writing about.  Perhaps that’s why sources indicate our readership is greater than the next 3 trade publishers combined.  Bold claim? Perhaps, but it happens to have evidence to back it up.

 

CaseyMackTonySoheylaMHProNewsTeamFirstCallDailyBusinessNewsMHProNews

MHInsiderDailyBusinessNewsMHProNewsTunicaShow2019Day2

A photo of another rack at Tunica appears almost untouched. The industry’s pros, given a choice between fluff and reality, routinely chose the real deal. 

DarrenKrowleksiPage5MarApr2019MHInsiderLogoFalseClaimMHVillegeLogoDailyBusinessNewsMHProNews

We call on our industry to be candid, fair, accurate. When we see misleading, inaccurate, or arguably false reporting – our readers know that we will call out the ‘powers that be’ without favor.

2018-12-10_0949SkyChampionManufacturedHousingShipmentHistoryDailyBusinessNewsMHProNewsNov2018

It is self evident to those who look at history and the facts that the industry is under-performing. Several MHI member companies have said as much, in their own IR presentations. Rollohome went from zero to 60,000 new homes shipped in 2 years. What was done before can be done again, better, faster, and with sustainable results, thanks to existing laws.

The industry’s investors ought to be demanding answers from the Big 3, and their ‘big boy’ association, the Manufactured Housing Institute (MHI).

Why?  To begin to answer that, consider the 4 linked articles, below.  For investors that are looking for answers, you’ve arguably come to the right place.

 

Related Reports:

 

HBO’s John Oliver on Last Week Tonight Mobile Homes Video, Manufactured Home Communities Fact Check

 

MarketWatch Reports on Manufactured Housing, 2018-2019

 

Why is Seattle Dying? Affordable Housing, Misplaced Compassion, and Manufactured Homes

 

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

4.16.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

President Trump Remarks to Union, Signs Executive Order on Energy & Infrastructure, Plus MH Market Updates

April 10th, 2019 Comments off

CNNmone4.10.2019ManufacturedHomeStocksMarketsReportsMHProNewsThere are numerous ties between energy sector jobs and factory-built housing. UMH Properties (UMH), to name but one example, has a significant location count in the Marcellus region.  Several producers are keen on workforce housing, or retailers who sell homes to those who work in the energy sector. On a day when the majority of manufactured home tracked stocks rose, this evening, we’ll spotlight the 45th president’s comments to union workers in the energy pipeline sector as our feature report.

 

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 belowafter 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.

 

LeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • Xerox is soaring
  • One of 2019’s top stocks is a 113-year-old company
  • Where to put your money when earnings are weak
  • Stocks: What’s there to worry about?
  • Disney to test its power with new streaming service
  • Under pressure, Amazon plans to accept cash at cashierless ‘Go’ stores
  • INTERACTIVE The US minimum wage through the years
  • Mattress Firm loses CEO
  • House votes to restore net neutrality rules
  • Patagonia sues Anheuser-Busch for selling beer that bears its name
  • SpaceX faces a key test in the upcoming launch of its biggest rocket
  • PERSPECTIVES Why we’re still years away from a robocall-free future
  • Interviewing for a new job? Here’s the best time to bring up salary
  • Amazon employees put pressure on Jeff Bezos to release climate change plan
  • YouTube TV prices are going up to nearly $50 a month
  • Walmart is selling 98¢ reusable bags to cut down on plastic
  • There’s trouble in OPEC. Oil prices are up 50%
  • Does OPEC really control oil prices?
  • America should embrace wind power, Washington governor says
  • Trump to sign executive orders meant to free up oil and gas pipeline development
  • 5G IS HERE
  • D8870R The Chicago skyline seen from Hancock tower
  • Looking for 5G? Here are the US cities that have it
  • How 5G will transform manufacturing
  • Farmers are using 5G sensors and drones
  • The countries leading the way on 5G
  • Verizon launches first 5G phone you can use on a 5G network in US

Select Bullets from Fox Business

  • Mnuchin doesn’t think Fed’s Powell is ‘wrong person’, despite Trump criticism
  • Fed minutes reaffirm patient approach to interest rates in 2019
  • Bernie Sanders unveils new Medicare-for-all bill
  • US bank CEOs voice support for independent Fed, decline to discuss Moore, Cain appointments
  • Chase CEO Jamie Dimon defends bank’s firearm policy
  • Elizabeth Warren, 2020 presidential hopeful, releases 2018 tax returns
  • Masters Tournament’s green jacket: A mysterious sports symbol worth millions
  • IRS chief grilled over tax credit for low-income working families
  • Masters Tournament purse breakdown: A look at the winner’s share
  • Fed ‘growth hawk’ Stephen Moore: Economists getting economy all wrong
  • Retirement realities: What’s in, and what’s out
  • Pelosi can’t steer Democrats away from unworkable, socialized medicine: Rep. Brady
  • Mansion once owned by oil heir William Getty sells for $27M
  • Ford issues recall for 327,000 previously serviced F-150, Super Duty trucks
  • New Yorkers want Amazon to reconsider its HQ2 pullout
  • American savers have lost roughly $500 billion because of low interest rates
  • Disney to provide post-Fox merger outlook, detail new streaming service
  • 10 cities in danger of a housing crash this year
  • Top company founders who didn’t graduate from college

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

9MarketIndicatorsYahooFinance4.10.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –


PresidentTrumpRemarksUnionExecutiveOrderEnergyInfrascturedPlusMHMarketUpdates

This event took place less than an hour ago and is a testament to how much more rapidly video embed codes can be obtained for certain events. 

 

President Donald J. Trump signed two executive orders to speed the process for getting permits approved or denied. 

Among the interesting points of this video is that George Prescott Bush Commissioner of the Texas General Land Office attended the signing. This Bush is corporate lawyer, former U.S. Navy Reserve officer, real estate investor, and the only family member who has a warm relationship with POTUS Trump.

We’ll note as usual that as political independents, we believe in policies that are good for the people and businesses alike. We also believe that affordable housing – and the creation of good jobs – are ideally bipartisan or non-partisan.  See the related reports, linked below.

Related Reports:

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

HBO’s John Oliver on Last Week Tonight Mobile Homes Video, Manufactured Home Communities Fact Check

 

 

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

4.10.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

Short History Of Taxation in U.S., Infographic, Plus Manufactured Home Equities Updates

April 9th, 2019 Comments off

On a day that saw each major index drop, and almost all manufactured home tracked stocks fall, with Tax Day approaching, we thought we’d feature a short history of U.S. taxation infographic.  Not perfect, but it is fascinating.

 

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 belowafter 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.

LeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • Here’s what’s scary
  • Nobody on Wall Street is afraid. That’s not good
  • Rising wages are good for consumers, but not investors
  • Airlines have completely stopped ordering the 737 Max
  • American Airlines cuts sales forecast due to 737 Max crisis
  • LIVE UPDATES Under Armour is down 5% for whatever reason
  • $4 gas is nearly a reality for many Americans
  • Standard Chartered is paying $1.1 billion for US sanctions violations
  • There’s trouble in OPEC and oil prices are up 50%
  • Racist comments flooded YouTube livestream of congressional hearing on white nationalism
  • US threatens tariffs on $11 billion of European goods over Airbus subsidies
  • Investors go wild for Saudi Aramco’s first bond as orders top $100 billion
  • IMF warns global economy is in a ‘delicate moment’
  • Uber didn’t do enough to warn women about series of rapes by fake Uber drivers, lawsuit alleges
  • Yahoo tries again to settle data breach lawsuit. This time it offers $118 million
  • Walmart is doubling down on robot janitors. Here’s why
  • SpaceX faces a key test in the upcoming launch of its biggest rocket
  • These hemp farmers are making a killing on the CBD industry
  • This Alphabet-owned company is delivering espresso via drone in Australia
  • Robot valets may soon park your car at this airport
  • The gadgets of the future know everything wrong with you right now
  • FedEx turns to Segway inventor to build delivery robot
  • Watch this robot lift boxes in a warehouse
  • The anti-Facebook: Inside Pinterest’s slow and quiet rise
  • WeWork buys office management startup
  • Glossier is now valued at $1 billion
  • Airbnb invests in India’s biggest hotel company
  • Rent the Runway’s newest feature makes a subscription even more useful
  • How influencers keep their #ads and their audiences
  • This Boston Dynamics robot is made for the warehouse
  • 20190328-conspiracy-harassers
  • Conspiracy theorists attacked them. Then they fought back
  • This modern farm house is made from reclaimed barns

Select Bullets from Fox Business

  • FBI indicts CEOs, COOs in $1.2B telemarketing scam that targeted Medicare recipients
  • Competition among middleman drug price negotiators under Senate spotlight
  • Stocks fall as US, EU clash over support for aerospace giants
  • WATCH: Ocasio-Cortez psychopathy tweet raises questions, Karl Rove says
  • Walmart to roll out thousands more robots in stores
  • Friendly’s closes 23 restaurants amid sagging sales
  • Eddie Murphy and Arsenio Hall will have another hit with ‘Coming to America 2’: Joe Piscopo
  • These are the best (and worst) states for millennials
  • Airbus dispute: US threatens EU with $11B in tariffs
  • Bank of America to raise its minimum wage to $20 an hour
  • 10 cities in danger of a housing crash this year
  • Howard Schultz: Capitalism crybabies haven’t made payroll, hired workers
  • Netflix in talks to buy Egyptian Theatre in Hollywood: Report
  • Is your credit score accurate?
  • Twitter paid Jack Dorsey $1.40 in 2018, an ode to old character limit
  • How to plan for health-care costs during retirement
  • Sanders says ‘average billionaire’ gets $33M daily bonus under tax cuts
  • How artificial intelligence can make medicine more human
  • Tax season: A look at IRS penalties
  • A look at the average IRS refund this tax season
  • Tax season: Pros and cons of refund advances

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

9MarketIndicatorsYahooFinance4.9.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

ShortHistoryUSTaxationInfographicPlusMHMarketUpdatesDailyBusinessNewsMHproNews

Its disclosure time. Tonight’s feature, as in any ‘short history,’ is going to skip a lot of facts.

So, for those who may forget that there were tax changes during the Obama and Clinton years – to mention but two overlooked examples – just keep that in mind as you look at the data.

For those who get the many values of history, this is useful. First, someone that looks at this that may not have thought about it before, but there was large stretches of U.S. history without an income tax.

The income tax was used by President Abraham Lincoln but was later rejected. It was until the passage of the 13th Amendment that the modern income tax system was ‘born.’

USHistoryofTaxationInfographicDailyBusinessNewsMHProNews

Some today still question if that income tax amendment was properly ratified, claiming that the various bills didn’t truly reconcile, thus making the ratification process – in that view – illicit. But try convincing the IRS of that, good luck with that, right?

When you think about deficits and huge federal debts, don’t forget that these huge ones are a modern phenomena.

Related Reports:

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

4.9.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

Former Godfather CEO, GOP POTUS Contender Herman Cain to Join Fed? Plus, MH Stock Updates

April 4th, 2019 Comments off

CNNmone4.4.2019ManufacturedHomeStocksMarketsReportsMHProNewsLeft-of-center Axios once more reports that President Donald J. Trump wants ‘his friend’ Herman Cain on the Federal Reserve board. The floated pick may spark controversy. On a day when the markets largely rose, including most manufactured home connected tracked stocks, the raising of Cain for the Fed will be our featured topic for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline 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.

 

FoxCNNBloombergCNBCLeftRightMEdiaDivideManufacturedHousingIndustryNews

Select bullets from CNN Money…

  • ‘Put your reasonableness pants on’
  • A federal judge says he is giving Elon Musk and the SEC two weeks to settle their differences
  • Shares in Tesla plunged after it reported its biggest sales drop in company history
  • Jamie Dimon says tax cuts added $3.7 billion to JPMorgan’s profit
  • It’s been a weird few months for US jobs. March could get us back to normal
  • After surviving bankruptcy, Sears is opening smaller stores
  • When are you too old to start investing?
  • Sears and Kmart have new slogans
  • Snapchat is betting big on social gaming
  • Women are now running all three network morning shows for the first time ever
  • CVS Pharmacy launches same-day prescription delivery
  • The art (and bungling) of crisis management from the C-suite
  • Snapchat ramps up advertising and vows to be better at privacy than Facebook
  • Shopping Content by CNN Underscored
  • You can order Apple’s 2nd Gen. AirPods now
  • Why 2.7 million Americans still get Netflix DVDs in the mail
  • Jeff and MacKenzie Bezos say they’ve agreed to divorce terms
  • PERSPECTIVES Without internet, 364 million children are falling behind
  • PERSPECTIVES How companies can fight climate change
  • Drinkable water is scarce. These companies are pulling it out of the air
  • SPECIAL REPORT How to solve the world’s plastics problem: Bring back the milk man
  • Forget plastic straws. Starbucks has a cup problem
  • Climate is the biggest risk to business (and the world)
  • Papa John’s lost a year. Now it’s ready to stage a comeback
  • Domino’s opens its 16,000th store
  • Shaq is joining Papa John’s board of directors
  • Papa John’s has finally found a way to move past its controversial founder
  • Pizza Hut expands beer delivery service

Select Bullets from Fox Business

  • Waymo’s self-driving car takes its first live televised ride-along with FBN
  • Tesla just undermined Elon Musk’s defense against the SEC, JPMorgan says
  • Jeff Bezos, MacKenzie Bezos finalize their divorce: What to know
  • Amazon’s top stakeholders
  • Jeff Bezos’ messy 2019: Divorce, blackmail and an Amazon HQ2 feud
  • Modern retirement: What ‘snowbirds’ should know before buying a second home
  • McDonald’s USA CEO: Ocasio-Cortez ‘making a statement’ on values
  • Trump expected to nominate Herman Cain to Federal Reserve
  • Meet the new Sears: A glimpse inside the retailer’s new test stores
  • Trump would sideline USMCA for new auto tariffs
  • How Starbucks founder Howard Schultz could cut ties with the company in 2020
  • AAF players booted from hotels, left to pay medical costs out of pocket: Report
  • Faulty sensors on Boeing 737 Max led to Ethiopian Airlines crash
  • How to join the 800 credit score crowd
  • Cannabis-derived foods will pack restaurants: ‘Bar Rescue’s’ Jon Taffer
  • These are the best states for job seekers
  • US median home prices hit record high as certain buyers face bigger headwinds
  • Lonzo Ball sues ‘Big Baller Brand’ co-founder for $2M: Reports
  • Mick Jagger’s reported heart surgery is a ‘miracle procedure:’ Dr. Marc Siegel
  • Best places to live on $100K salary
  • Trump, China’s Liu to meet: Less talk, more action needed from Beijing on IP
  • Medicaid work requirements misunderstood: Let’s save welfare dollars for those truly in need
  • Varney on border crisis: No political advantage for encouraging an invasion

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

9MarketIndicatorsYahooFinance4.4.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

HermanCainFedBoardCNBCDailyBusinessNewsMHProNews

With one Federal Reserve nominee by the Trump Administration somewhat mired in controversy, it may seem unusual to once more float the name of another controversial figure for the Fed board.

Former GOP presidential nominee in 2012, Godfather’s Pizza CEO, tea party and talk radio conservative Herman Cain is once more making headlines.  Here’s what a panel on left-of-center CNBC said about the pick.

 

Our observations are rather different than CNBC’s.

It seems peculiar that when Democratic presidential hopeful Joe Biden is facing rising concerns about his behavior with women, that the White House is reportedly pushing a candidate for the Federal Reserve Board who dropped out of his race in 2012 over improper behavior allegations too.

Perhaps clearing that up is part of what the ‘vetting’ process is supposed to uncover.  But another administration Fed board nominee, Stephen Miller – who was presumably vetted too – has created negative headlines of his own.

While Cain brings his own following with him if he clears the hurdles, his 9-9-9 tax plan in 2012 was a dud among many conservatives. Some compared it to a pizza special, from his Godfather days.  Cain is energetic, and has charisma.  Will that help the White House if this potential nominee go through?

We’ll monitor developments regarding these Fed nominees, given their potential influence on the economy.

Related Reports:

It’s Your Money, Future – Snapshot of Leading 2020 Democratic Contenders for Oval Office

Cavco Industries Announces Latest Executive Level Changes

Under Scrutiny, Giant Amazon Pivots, But What About Berkshire’s Manufactured Housing Brands? Plus MH Market Updates

 

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

4.4.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

Canadian Firm Gobbling Up Dozens of Manufactured Home Communities

April 4th, 2019 Comments off

CanadianCAPREITlogoMarkKennyCEOTrusteePhotoManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

New Canadian Apartment Properties Real Estate Investment Trust CEO Mark Kenney isn’t wasting any time putting his stamp on the trust, announcing its second major purchase of manufactured homes communities (MHCs) in the past three weeks. The latest acquisition of 23 Canadian communities, comprising 3,469 pads, means the trust will have grown its MHC portfolio by 45 per cent in that short span,” said Real Estate News Exchange (RENX).

 

NBC News 29 said, “Mark Kenney has been appointed Chief Executive Officer of CAPREIT and as a member of CAPREIT’s board of trustees, effective March 27, 2019.”

MarketWatch reported on November 14, 2018 that “Canadian Apartment Properties Real Estate Investment Trust (CAR.UN) (“CAPREIT”) today announced that Mark Kenney has been appointed President of CAPREIT, in addition to his current role of Chief Operating Officer, effective today.”

The video posted below is a testimonial/plug for a service provider, but gives the reader a chance to see Kenny, here his voice, etc.

 

 

Bloomberg’s ticker reflects the following trends since November 14, 2018, when the executive change noted was announced.

 

CapREITBloombergMHCDailyBusinessNewsMHProNews

 

We look to continue expanding this highly accretive aspect of our business going forward,” Kenney told RENX in an interview, speaking about manufactured home communities.

in March, CAPRIET announced a deal for 11 communities in Ontario, B.C. and Alberta. The trust’s portfolio will grow to some 11,166 sites in 68 communities when both transactions have closed.

Kenney said CAPREIT likes the manufactured home communities market for its steady cash flow and minimal capital costs.  That sums up the view of several who have done both multifamily apartments and manufactured home communities.

 

CAPReitWikiDailyBusinessNewsMHProNews

 

Funding the Deal

CAPREIT said they will be doing a $300-million share offering, issuing 6,125,000 shares at $49 per unit to a syndicate of underwriters led by RBC Capital Markets. That offering is expected to close by April 23, said RENX.

  • $116 million of those proceeds will fund the equity portion of the most recent purchase. CAPREIT stated it expects its debt ratio to remain unchanged, roughly 38 percent.
  • The most recent acquisitions of MHCs by the Canadian REIT are located in five provinces, but are concentrated in three regions: 47 per cent in Atlantic Canada, 23 per cent in Ontario and 30 per cent in Alberta. Occupancy stands at 95.4 per cent.
  • Beyond the equity funding, CAPREIT assumes $66 million in existing mortgages with a weighted average interest rate of 3.4 per cent and a weighted average term of 2-1/2 years. Closing is expected in May 2019, subject to approvals.

While the two nations have their clear differences, some of the dynamics in Canada for their manufactured homes and communities have some similarities to their southern neighbors in the United States.

The Daily Business News on MHProNews will be adding CAPREIT to its evening market report watchlist/closing ticker.

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

That’s this afternoon’s “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

Related Reports:

You can click on the image/text boxes to learn more about that topic.

Triad Financial Service’s Parent Company, ECN Capital – First Data Report

Blackstone Brilliantly Bets Big On Manufactured Housing, Enters Manufactured Home Communities Contest

Debunking the Trailer Trash Stigma for Affordable, Modern Manufactured Housing for Residents, Home Shoppers

 

 

 

 

 

 

 

Best First Quarter for Markets in Years, Plus Manufactured Home Stock Updates

March 29th, 2019 Comments off

CNNmone3.29.2019ManufacturedHomeStocksMarketsReportsMHProNewsOn a day when the stocks broadly rose, including most manufactured housing tracked stocks, the records set will be our featured report for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter 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.

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

Select bullets from CNN Money…

  • Apple cancels plans for its highly-anticipated AirPower charging mat
  • Lyft rises 8.7% on its first day of trading
  • Stocks close higher, capping off a strong quarter
  • Goldman Sachs made 220 million reporting errors over a decade, UK regulator says
  • Corporate America loves deregulation. So why is it pushing for these rules?
  • Forget everything you remember about BlackBerry
  • Boeing 737 Max grounding will cost Europe’s biggest tour company $225 million
  • HUD wants answers about Twitter and Google ad practices
  • Wells Fargo CEO Tim Sloan steps down suddenly
  • Stephen Moore wants the Fed to take a startling step: Immediately slash interest rates
  • Shopping Content by CNN Underscored
  • These $79 earbuds are an affordable alternative to AirPods
  • What you can do right now to stop robocalls
  • TIMELINE How Lyft went from fuzzy pink mustaches to global giant
  • This men’s wedding wear maker is selling tuxedos for women
  • Vending machine can help save the environment
  • Starbucks to test recyclable, compostable cups
  • Hilton is recycling used bars of hotel soap
  • This hummus is providing relief to refugee children
  • Rustic yet modern, these converted barns are a creative’s dream
  • A modern farm house made from old barns
  • Next level glamping is here
  • This glass chalet is a skier’s dream
  • Forget McMansions. Ritzy, remote ranches are in

Select Bullets from Fox Business

  • US-China trade optimism boosts all major averages
  • S&P 500 posts best first quarter in 21 years
  • Lyft shares pop after public debut
  • US mortgage rates post biggest weekly drop in decade
  • The Jussie Smollett effect: Illinois seeking tax penalty for actor’s future employers
  • Will outgoing SBA head Linda McMahon join the private sector?
  • Cities with the lowest real estate taxes
  • Smoking and oversized strollers are no longer allowed at Walt Disney
  • WWE’s Vince McMahon sells $272M in stock to fund XFL
  • Estate and inheritance tax guide: The best and worst states to die in
  • Bed, Bath & Beyond fires workers, declines to provide total layoffs
  • Boeing Max jet stall-prevention system active in Ethiopian Airlines crash, report
  • How Michael Avenatti spent his fortune, while allegedly dodging taxes
  • Warren Buffett blasts class-action real estate suit accusing firms of ‘conspiring’ against sellers
  • Low-salary jobs that pay off big in retirement
  • Devin Nunes: Submitting criminal referral against FBI, DOJ over Russia probe
  • Fannie, Freddie conservatorship is ridiculous: HUD Secretary Ben Carson
  • Warren targets America’s family farmers with plan to bust up big agribusiness
  • MLB gives ‘championship belt’ to team paying least to players in arbitration: Report
  • Bristol-Myers scores critical lifeline in $74B Celgene deal
  • The Trump administration wants to kill ObamaCare. What happens if it does?
  • Kennedy: John Brennan was the ‘craziest bat in the barn’ during Mueller probe
  • The new retirement: Watchin’ the sun bake on my front porch swing
  • Green New Deal fantasy-nightmare: Dems show true colors in 0 vote

 

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

9MarketIndicatorsYahooFinance3.29.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

BestFirstQuarterforMarketsinYearsPlusManufacturedHomeStockUpdatesDailyBusinessNewsMHProNews

With a:

  • political cloud lifted from the White House,
  • with political headwinds now less of a risk factor for investors,
  • with the most energy independence in decades of U.S. history,
  • with more manufacturing jobs being created than many thought possible,
  • with the Fed signaling a moderating of their rate hikes,
  • with significant media bias by numbers of news outlets on full display,

the artificial fears and/or real frustrations are mitigating.  The reality of a much more business friendly economic climate – which sparked the surge of stocks after the election of Donald J. Trump, plus fundamentals, are back in vogue.

Fox Business says that the S&P 500 has had its best first quarter in 21 years.

All 11 sectors that make up the S&P marked gains of at least 5 percent, led by tech, real estate and industrials.  The worst performing sector – healthcare – rose 6 percent. Tom Lee, Fundstrat Global Advisors Co-Founder, told FOX Business that investors were “too bearish late last year.” He sees more gains ahead in stocks for 2019 with the S&P hitting the 3,000 level.

  • The Dow Jones Industrial Average rallied 11 percent,
  • the Nasdaq Composite rose 16 percent helped by chip.

There is no predicting what the next whacky claim will occur in the D.C. swamp that could drive headlines that can blow back on investors.  It is clear that Democrats are not happy with the summary of Special Counsel Robert Mueller’s nearly 2 years of investigations that turned up crimes unrelated to the 2016 campaign.  No evidence of Trump campaign-Russian collusion was found.

If reality and practicality could possibly take root in the public square, the old song, ‘happy days are here again,’ might once again be playing on radio stations.

Just as fraudulent claims have buffeted the White House, artificial headwinds have Buffetted – pun intended – manufactured housing. Now that the Trump Administration has cleared that hurdle, it will be interesting to see what might happen in terms of going after real issues, perhaps like antitrust, RICO, mail and wire fraud, etc.?

The truth has proven to be stranger than fiction.

The sadly dark glasses of Muellerville was no wilder than the oddities of manufactured housing struggling during an affordable housing crisis.  How has that happened?  Recent and prior reports lay that out.

Take heart. The truth can shine through.

Related Reports:

Warren Buffett Urges Government Care For People Who’ve Become ‘Roadkill’ – Video, Analysis

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

3.29.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

Study – Top Reasons People Can’t Buy a House? Plus, Manufactured Housing Stock Updates

March 7th, 2019 Comments off

CNNmone3.7.2019ManufacturedHomeStocksMarketsReportsMHProNewsThere’s plenty of reasons why manufactured housing ought to be performing much better than it has been. The report featured this evening is about a survey by BankRate.  Properly understood, their data  could be added to the list of reasons why much more sales growth is possible.  On a day when the markets took a slide, our focus tonight is a possible silver-lining to can-do manufactured housing professionals, per data about mainstream housing that is reported by CNBC.

 

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 belowafter 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.

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • Bob Iger’s millions get the green light
  • Disney shareholders narrowly approve CEO’s compensation package
  • Europe will fight Mark Zuckerberg’s plan for Facebook
  • Facebook’s plan to put ‘privacy first’ could create new problems
  • Tim Cook adopts the nickname he just got from Trump
  • GM is gone. Now come 3D printers and robots
  • Scenes from a GM plant closing
  • Martin Shkreli continues to run business from prison, report says
  • What to expect in the February jobs report
  • US markets fall for fourth straight day
  • When is the best time to sell a stock?
  • Airbnb acquires last-minute hotel booking app HotelTonight
  • Europe’s central bank pushes back interest rate hikes as economy slows
  • To understand the impact of Trump’s tariffs, look to Ohio
  • Content by LendingTree
  • How to pay off your house ASAP
  • SpaceX Crew Dragon capsule, built to carry humans, is set to return home
  • Charlotte Russe store in Fairfax, Virginia.
  • Charlotte Russe will liquidate and close all of its stores
  • Athleta may be the new Gap’s best hope for survival
  • Children’s Place and Gap are buying most of what’s left of bankrupt Gymboree
  • What Old Navy’s spinoff says about America’s cheap clothing addiction
  • The Gap will close its Fifth Avenue store in New York
  • Flags line up outside of the Lordstown General Motors plant on March 5, 2019. The plant is closing on Wednesday.
  • As GM’s Lordstown plant idles, an iconic American job nears extinction
  • After 52 years, Lordstown must face life after GM
  • Without GM, Lordstown, Ohio, will never be the same
  • GM finds jobs for nearly 1,000 workers at closing plants
  • General Motors is getting rid of these 6 cars

Select Bullets from Fox Business

  • Elon Musk’s SpaceX plans go up in smoke as Pentagon investigation of pot smoking nears end
  • Report shows US employers cut more jobs last month than in past 3.5 years
  • Carson: 3D printed houses cheaper, faster, more resilient than average buildings
  • Sears sued by Stanley Black & Decker over Craftsman brand
  • FCC halts T-Mobile, Sprint merger review
  • Arnold Palmer Invitational: $9.1M purse up for grabs after Tiger Woods injury
  • Here’s why some Democrats want to delay tax filing deadline
  • Disney’s ‘Star Wars’ theme land to open in May, second one in August
  • Super-sized fast food menus pose serious health risks: ‘Bar Rescue’s’ Jon Taffer
  • ‘Ghost employees’ at center of Connecticut tax evasion scheme
  • How much you really need to live comfortably in all 50 states
  • Here are the best places to find a home for under $100,000
  • Opinion: AOC’s socialist views: The worst part? We paid for them
  • Second federal judge rejects census citizenship question, Secretary Ross asks for hearing delay
  • Twitter execs ‘fully aware’ of inappropriate suspensions: Harmeet Dhillon
  • Southern border is crisis of epic proportions: Former DHS agent
  • The fight to bring Iran hostage Robert Levinson home to America

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

9MarketIndicatorsYahooFinance3.7.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

StudyTopReasonsPeopleCantBuyHousePlusManufacturedHousingStockUpdates

This is the Number 1 obstacle keeping people from buying a home, per BankRate and CNBC.

  • Income shortfalls are the top reason why people aren’t buying homes, according to a survey from Bankrate.com
  • Monthly cash flow is a key factor in determining whether you can afford a home.
  • Forget student loans. Insufficient income is the No. 1 hurdle keeping many people from buying a home.
  • More than half of the participants in a survey by Bankrate.com cited inadequate income as a barrier to homeownership.
  • The personal finance site polled 2,668 adults between Jan. 30 and Feb. 1.
  • In fact, when it comes to buying a home, income shortfalls are an even bigger roadblock than credit card and student debt, Bankrate.com found.

CommonBarriersToHomeOwnershipBankRateCNBCDailyBusinessNewsMHProNews

Related reports:

$170 Million Manufactured Home Community Acquisition by Giant RHP Properties, 17 MHCs, Now 25 States

 

HUD Secretary Ben Carson on Opportunity Zones, Revitalization, DROPS 2020 Announcement, Plus Manufactured Home Stock Updates

MHI’s Growth Agenda? Rick Robinson, JD, SVP Manufactured Housing Institute, Preemption Evidence, Writ of Mandamus, and Addressing HUD Code Manufactured Home Shipment Woes

President Donald Trump Talks About Factory Built Housing Legend to Scouts

 

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

3.7.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

Millennial Justin Haskins – Heartland Institute – Calls for Debate of the Socialist Comeback in America, Plus Manufactured Housing Stock Updates

March 4th, 2019 Comments off

CNNmone3.4.2019ManufacturedHomeStocksMarketsReportsMHProNewsThe markets slid today as most investors declined bite on the word that China and the U.S. may be edging closer to a trade deal. Some insist the trade deal is coming soon, while others say it’s a slow dance and could take significantly longer. But tonight’s focus in on the growing discussion over socialism, as Heartland Institute Executive Editor Justin Haskins, a self-described 31-year-old millennial, explains his insights on how the rise of socialist thinking occurred.

 

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 belowafter 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.

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • A turn for the worse
  • A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening Bell on March 4, 2019 in New York City.
  • Stocks are going into reverse on Wall Street – but nobody can figure out why
  • LIVE UPDATES US stocks slide, close lower
  • 10-year anniversary of the bull market is coming
  • Office Depot is partnering with Alibaba
  • Instant Pot and Pyrex companies are merging
  • New Yorker Mag: Trump ordered Gary Cohn to block AT&T-Time Warner merger
  • WarnerMedia announces restructuring in wake of AT&T takeover
  • Ted Baker CEO quits after allegations of ‘forced hugging’
  • This is the longest-running black-owned business in America
  • What Old Navy’s spinoff says about America’s cheap clothing addiction
  • Huawei CFO files lawsuit accusing Canada of illegally detaining her
  • ‘Leaving Neverland’ sparks a re-examination of Michael Jackson’s legacy
  • Content by LendingTree
  • Refinance rates just dropped (15 year fixed). Lock in now!
  • A man works on a Ferrari Portofino ahead of the 89th Geneva International Motor Show in Geneva, Switzerland March 4, 2019. REUTERS/Denis Balibouse
  • Facebook under fire for phone number look-up feature
  • Chipotle introduces vegan and vegetarian bowls
  • Bankrupt Gymboree has found a buyer for its brands
  • Gap and Old Navy are splitting up
  • Victoria’s Secret will close 53 stores as struggles mount
  • Payless is closing all its 2,100 US stores
  • Retail layoffs are piling up. Here’s the whole story
  • Coca Cola’s stock tanks while Pepsi continues to grow
  • Domino’s opens its 16,000th store
  • Starbucks’ new 32,000-square-foot store in Tokyo is its biggest in the world
  • Applebee’s just had its best year since 1993
  • The strategy behind McDonald’s latest breakfast creation

Select Bullets from Fox Business

  • Google continues work on controversial China search engine: Report
  • Trump can’t win China trade war: David Stockman
  • Former World Bank president says financial institution funding China’s bad behavior
  • Stocks fall sharply after weak economic data
  • US economy won’t enter recession in 2019: Mohamed El-Erian
  • Opinion: AOC, Sanders, Warren should think bigger (and wider) on wealth tax
  • Streaming, YouTube create appetite for old school kids TV shows
  • Where the cash could go if no one claims the million-dollar winning lottery ticket
  • Tesla Model Y: What we know so far
  • Subaru announces biggest recall ever
  • Socialism is ‘evil,’ its rise must be stopped: Heartland Institute executive editor
  • Check out the details of the F-35C, the Navy’s newest supersonic stealth fighter
  • Purdue Pharma weighing bankruptcy over OxyContin lawsuits
  • Bryce Harper already off to record-setting start
  • Kareem Abdul-Jabbar to donate money from $3M auction to charity
  • Giants CEO takes leave of absence after video shows altercation with wife
  • These celebrities are aiming to disrupt the $3B rice market
  • This is how much money Americans lost in 2018 to scams, fraud
  • Newmont rejects Barrick Gold’s takeover bid
  • Teen entrepreneur builds successful business on custom fishing rods
  • ‘Beverly Hills, 90210’ and ‘Riverdale’ star Luke Perry dead at 52
  • Instant Pot, Corelle owners to merge
  • California home sales at an 11-year low
  • Is government regulation Facebook’s biggest concern long term?
  • Old school kids TV shows making a comeback

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

9MarketIndicatorsYahooFinance3.4.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

MillennialJustinHarskinsHeartlandInstituteDebateSocialistComebackAmericaPlusManufacturedHousingStockUpdatesDailyBusinessNewsMHProNews

Heartland Institute Executive Editor Justin Haskins says that “Socialism is Evil.”

He explains why.

It requires taking peoples’ property, property that they lawfully own, property that they worked hard to get, whether that’s money, their homes or their businesses. It requires taking that property and giving it to somebody else, for no other reason than because the majority of people in society say that’s what they want to do. To me, that’s tyranny of the majority. To me, that is immoral,” Haskins said in this video interview on Fox Business.

12,000 showed up for a Bernie Sanders rally, a self-proclaimed independent socialist who is running to be the 2020 Democratic nominee for president.

 

Others among Democrats embracing elements of the so-called Green New Deal, which is heavily dependent on socialistic style control over the economy.

To be sure, there are those – like billionaires and Democratic supporters, Michael Bloomberg or Howard Schultz – who aren’t buying into all that the far left of the party is pushing.  In fact, Schultz says he could be doing a genuine run as an independent for the White House, instead of slugging it out in the crowded 2020 Democratic field.

Socialism is not charity. Socialism is about force, control and manipulation. Once people start to recognize what Socialism actually is, and I think you were just talking about Venezuela,” Haskins said. “Hopefully, people will see this as a cautionary tale and realize how dangerous socialism is and turn the other way.

There is a growing wave among Republicans – starting with President Donald J. Trump during his State of the Union address – who are rejecting it, and relish the debate.

Haskins thinks the debate is an important one.

Indoctrination of students in K-12 schools bears part of the blame for the rise of socialism among the young today, said Haskins. Haskins added that colleges, Hollywood, and the mainstream media are also culpable for perpetuating a sanitized, unrealistic version of socialism.

The meltdown and growing tyranny in Venezuela ought to be the latest wake up call. Will the wave toward socialism grow, or subside?

Hang on tight to your investments and wallets.

Related Reports:

Rent Control & MH – Politicians “Are Carpet-Bombing Our State With Regulations That Will Deliberately Destabilize The Housing Market And Leave It Obliterated”

Fed Chair Powell Challenges Theory Behind Sanders, AOC, Progressive Green New Deal Plans, plus MH Market Updates

“Feeling the Bern” – Love or Hate Sanders, Take Him Seriously – plus MH Stock Market Updates

 

Game On: “Socialism is About Power, not Equality,” Space Force, and Battle for Manufactured Housing Independence

 

 

 

Bloomberg Closing Ticker for MHProNews…

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

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

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

3.4.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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