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Joseph Stronks Joins Manufactured Home Industry Lender as Chief Operating Officer

July 24th, 2018 Comments off

 

JosephStronkJoinManufacturedHomeIndustryLenderCOOCommunityWestBankCorpDailyBusinessNewsMHProNews550x315

Community West Bancshares, (NASDAQ:CWBC), parent company of Community West Bank, announced that T. Joseph Stronks has joined the bank as Executive Vice President, Chief Operating Officer,” said the company via a release to the Daily Business News.

Stronks will lead the Central Operations, Information Technology and Facilities departments of the bank.

It is with great pleasure that we welcome Joseph to the Community West Bank executive team,” said Martin E. Plourd, President and Chief Executive Officer. “His wide range of professional experience and leadership in managing banking operations, information technology, and core application technology will serve our bank very well as we continue to grow our community banking presence throughout Ventura, Santa Barbara and San Luis Obispo counties.”

The principal business activities of Community West Bancshares are Relationship business banking, Manufactured Housing lending and Government Guaranteed lending.

Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, the largest publicly traded community bank serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California branch banking offices, in Goleta, Santa Barbara, Santa Maria, Ventura, Westlake Village, San Luis Obispo and Oxnard and a loan production office in Paso Robles.

Before joining Community West Bank, Mr. Stronks most recently was Senior Vice President and Deputy Director of Operations at Rabobank. He also served as Executive Vice President and Chief Information Officer for Heritage Oaks Bank prior to its acquisition by Pacific Premier Bank in 2017. Mr. Stronks is a graduate of University of California at Santa Barbara, the Pacific Coast Banking School, and earned an MBA in IT Management from Western Governors University. He is a Certified Information Security Manager,” said the company. ## (News, analysis, and commentary.)

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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:

MHBA’s Hardiman Rips “Global Banking & Finance” Article Entitled, “Why Does Your Bank Not Finance Modular Homes?”

Vanderbilt, 21st Mortgage, “Easy Manufactured Home Loans,” GSEs and Manufactured Home Industry Lending Updates

“Take the MH Advantage Challenge – Can You Tell the Difference?” Fisk of Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business for Fannie Mae

Freedonia Group’s Comprehensive Incursion into Manufactured Housing

July 24th, 2018 Comments off

 

FreedoniaGroupManufacturedHomeCommunityComprehensiveIncursionintoManufacturedHousingDailyBusinessNewsMHProNews

The truth is often hiding in plain sight. Who says?

 

 Sometimes the best hiding place is the one that’s in plain sight.” – Stephanie Meyer, per AZ Quotes.

 

I’ve found that wherever there is one cockroach in plain sight, many more are lurking behind the corner out of view.” – Harry Markopolos, according to AZ Quotes.

 

The most dangerous and successful conspiracies take place in public, in plain sight, under the clear, bright light of day — usually with TV cameras focused on them.” – L. Neil Smith, per AZ Quotes.

 

The Freedonia Group is one of several deep incursive dives into manufactured homes (MH) and other types of prefabricated housing. This Daily Business News analysis uses their public data, and is not to be construed as an endorsement – or questioning – of either their statistics or methods.

Rather, what this Daily Business News report will do is examine what Freedonia said about the manufactured housing industry in their own words, along with what they see as MH potential, and trends.

 

FreedoniaGroupLogoManufacturedHomeCommunityDailyBusinessNewsMHProNewsLogo

From Freedonia, provided under fair use guidelines.

Manufactured Housing Industry Continues to Consolidate – “Destabilizing  

The name of their article – which was brought to the attention of MHProNews last year by several emails and other electronic tips – is “Manufactured Housing Industry Continues to Consolidate.”

They pointed to the Manufactured Housing Institute (MHI) as their source for saying:

Manufactured housing is a significant portion of the US housing market, making up about one-tenth of new single-family housing in recent years.  However, the industry’s slow recovery from the economic recession and decreased access to credit for buyers has limited growth in demand for new units and created a competitive environment among producers; one that is destabilizing for many small manufacturers,” wrote Mariel Behnke.

Behnkeis an Industry Analyst at The Freedonia Group, where she covers the US and global construction and consumer products industries,”  stated Freedonia’s brief bio of their author.

As a result of the “destabilization,” Freedonia said, “Consequently, the industry has become increasingly concentrated as small producers close or are acquired by larger manufacturers.  In 2015, the three largest producers of manufactured homes controlled over 70 percent of the US market, a share that has grown in recent years.”

 

As MHProNews has previously reported, with the recent merger/acquisition of Skyline and Champion – the top 3 producers in the summer of 2018 – reportedly hold some 80 percent of the HUD Code manufactured housing (MH) industry’s production capacity.

 

MarielBehnkeLinkedInPhotoProfileIndustryAnalystFreedoniaGroupManufacturedHousingIndustryDailyBUsinessNewsMHproNews

Composite collage from LinkedIn.

 

Cavco Industries Market Share Expansion

In 2015, Cavco Industries acquired Fairmont Homes, a significant producer of manufactured homes in its own right.  The acquisition helped Cavco Industries expand its position in the Midwest market through Fairmont Homes’s manufacturing locations in Indiana and Minnesota.  Because of its visibility in the industry, Fairmont Homes continues to operate as an independent brand.  Cavco Industries also acquired Chariot Eagle, a smaller producer of manufactured homes and recreational vehicles with operations in Florida,” said Behnke.

These acquisitions have allowed Cavco Industries to position itself as one of the country’s largest producers of manufactured homes.  Additionally, they have allowed Cavco Industries to become more horizontally integrated, expanding its offerings of both modular homes and recreational vehicles,” according to Freedonia’s research.

 

Clayton Homes Acquires Producer and Retail Locations

LegacyManufacturedHousing-LiquidationEvent-image

Click the above to learn more.

Clayton Homes, a subsidiary of Berkshire Hathaway, made several small acquisitions during 2016, expanding both its leading market position in manufactured home production and its network of company-owned retail locations.  In April 2016, the company purchased River Birch Homes.  Its plant became Clayton’s 37th operating manufacturing facility and offers a strategic location in Alabama, near several of the country’s largest state markets for manufactured homes.  In 2016, the company also acquired two distributors, adding a total of seven retail locations to its network of over 300 company-owned outlets,” per Freedonia.

 

Freedonia’s Projections for MH?

Growth in manufactured home shipments is expected to lag that of the overall single-family housing market. While single-section manufactured homes,” said Behnke, “which saw their share of manufactured housing shipments rise during the economic downturn can expect stagnant change through 2020, shipments of double-section manufactured homes are expected to see relatively healthy gains, and will account for over three-fifths of all manufactured housing shipments in 2020. Manufactured homes with three or more sections will remain a marginal share of the market.”

While one can debate the projections, Freedonia said: “Ongoing growth in the housing market will support rising demand for prefabricated housing – the penetration rate of prefabricated housing units in the general housing market is expected to decline slightly going forward. 

They said much more, and for $4,600 someone can purchase their full ‘deep dive’ report. Why does Freedonia say their research should be trusted?

LowerMonthlyPercentCostManufacturedHomesConventinoalHouseRentalHousing2016narRealtorUDaiyBusinessNewsMHproNews

The above is from Scholastica “Gay” Cororaton’s newly updated NAR research report, to learn more, click here. What Freedonia’s research, NAR or others should spark is this question. With facts so strongly in favor of manufactured housing, and the need is so great in almost every market, why are new manufactured home shipments still so low?

 

About the Freedonia Group

The Freedonia Group is a leading international industry market research company that provides its clients with information and analysis needed to make informed strategic decisions for their businesses. Studies help clients identify business opportunities, develop strategies, make investment decisions and evaluate opportunities and threats. Freedonia research is designed to deliver unbiased views and reliable outlooks to assist clients in making the right decisions. Freedonia capitalizes on the resources of its proprietary in-house research team of experienced economists, professional analysts, industry researchers and editorial groups. Freedonia covers a diverse group of industries throughout the United States and other world markets,” per the company.

Freedonia’s literature also notes that they’re a division of MarketResearch.com, “With offices in London, New York City, and Washington D.C., MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world’s most extensive database of expert insights on industries, companies, products, and trends.”

 

Why Does it Matter to MHVille, or Investors?

The short answer is that Freedonia’s data largely parallels the conclusions of distinct and similar information previously researched and reported by MHProNews.

Nor are Freedonia or MHProNews alone. 

  • GuruFocus went a step beyond, and pointed to Berkshire Hathaway and their manufactured housing brands Clayton Homes, et al, as being examples of Warren Buffett’s “strategic Moat” as a means of creating a monopoly. 
  • The Seattle Times expressed it differently, but likewise thinks their brands behave as a monopoly.  The Seattle Times said several federal investigations against Clayton and Buffett’s Berkshire brands are underway.

 

The Atlantic reported on and projected years ago the continued consolidation of the industry, which Freedonia now recaps.

 

The Nation cited Warren Buffett and Clayton Homes as monopolistic, as has CFED turned Prosperity Now in calling their lending arms 21st Mortgage Corp, and Vanderbilt Mortgage and Finance (VMF). monopolies in American Banker.  That’s one MHI’s Lesli Gooch leapt to defend against. So why hasn’t so Gooch or anyone else at MHI tried to publicly defend or debate that claims and allegations published here?

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

No guts, no glory.  The Urban Institute asked some of the same questions we do, only they came to a slightly different conclusion.  They also failed to mention their ties to Buffett, or that MHI and Clayton had taken part as undisclosed sources in their report. Coincidences?

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

Maxine Waters and other Congressional Democrats called Clayton and their lenders a “near monopoly,” and leveled charges of racism, the later charge Clayton denied.

 

CongressAsksDOJInvestigateClaytonHomesCreditTwitterWikipediaMHProNews

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

What all of these threads – knowingly or not – point to similar conclusions to what MHProNews has been independently analyzing reporting and for MH industry readers and researchers for some time now. 

Thus, the growing number of such reports makes it increasingly difficult for those in MHI or with a Berkshire brand to deny what so many see as the self-evident truth.

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. To see Smoking Gun 3, click below.

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

MHI-21stMortgageKevinClaytonClaytonHomesManufacturedHoomeCorporationsPlantsDailyBusinessNewsMHProNews_001

While several media outlets have reported on the apparent monopoly so many a allege, to date, only MHProNews has documented how that Berkshire strategic moat has worked in practice. Tim Williams, Warren Buffett and Kevin Clayton – and MHI – supplied the evidence, using their own words. http://www.mhpronews.com/blogs/daily-business-news/was-the-urban-institute-misled-duped-or-part-of-a-manufactured-housing-industry-scam/

While some outside media and sources in or out of the HUD Code manufactured home industry have called the Manufactured Housing Institute (MHI) a tool of Berkshire, what they have not yet done is verify that most state association executives are unwilling to publicly contradict any MHI dictum.

The reasons, later confirmed by additional industry sources, are in the Gold Rules report linked above.

 

The Bottom Lines?

While the Manufactured Housing Association for Regulatory Reform (MHARR) has raised similar issues, most of the industry’s trade media are largely silent on the topics of consolidation and control of the industry.

Only MHProNews has provided the documents and videos that spell out in

   Warren Buffett’s,

   Clayton CEO Kevin Clayton,

   21st Mortgage CEO and former MHI Chairman Tim Williams

    each in their own words – describe how choking off capital and credit arguably forced the consolidations that Freedonia or others cited above have noted.  See the charts, videos and links from this article for more insights, evidence, and details. 

 

Hiding in Plain Sight

So isn’t all of that the uncomfortable truth, hiding in plain sight?

MHVillage, has debatably become a de facto publishing mouth piece for MHI.

Frank Rolfe, who previously criticized MHI, stopped doing so. Did it have anything to do with Berkshire Hathaway brands upping their financial connections with “Frank and Dave” Reynolds trade communications, and related operations. Was it a coincidence that more cash brought about their silence?

Frank Rolfe Blasts MHI for Poor Media Engagement, Industry Reactions

Other trade voices have been previously examined by MHProNews. One trade publisher frankly admitted to the Daily Business News that what we publish is what others of thousands are talking about, but no one else will write about as we have. 

Another publisher said just last week that he liked our new format. But they’re getting apparently paid by MHI, and so they too are largely silent on the topics which matter to independents. 

Two state associations, not as beholden to Berkshire as others, quit MHI last year, and are now formalizing a new national trade body for communities.  That’s a vote of no confidence.

New Manufactured Home Industry National Association Related Statements

Isn’t the truth about MHI acting as a tool for domination – by what MHI award winner Marty Lavin called “the big boys” – increasingly self evident?

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

That’s a question Freedonia didn’t publicly answer. But isn’t it a reasonable conclusion, based on growing consolidation?

Note again how their research put it, ”…decreased access to credit for buyers has limited growth in demand for new units and created a competitive environment among producers; one that is destabilizing for many small manufacturers,” wrote Behnke.

Isn’t that Smoking Gun 3 in a nutshell? Isn’t the consequence of Buffett’s strategic Moat? 

A new, related Daily Business News report will be forthcoming.

Meanwhile, linked reports will provide details and context found no where else in MHVille, or beyond. That’s “News Through the Lens of Manufactured Homes, and Factory Built Housing.” © Where “We Provide, You Decide.”  © ## (News, analysis, and commentary.)

(Third-party images and content are provided under fair use guidelines.)  See Related Report, Linked Below.

 

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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.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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.

 

 

 

 

 

 

What are the FACTS about Manufactured Housing Industry Traffic vs. Real Estate? MHVillage, MHProNews, Manufactured Housing Institute Data

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

Dimon Sounds Off, White House Hints GDP in Q2 Could Hit 4 Percent, plus MH Market Updates

July 23rd, 2018 Comments off

CNNmoney7.23.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Commerce Department’s Bureau of Economic Analysis is set to release second-quarter GDP at 8:30 a.m. ET on Friday, but there are whispers from the White House that the numbers could hit the U.S. hit 4 percent in the 2nd quarter of 2018. That GDP preview and some new economic reports will be our focus 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.

 

Select bullets from CNN Money…

  • Hasbro adjusts to life without Toys ‘R’ Us and stock soars
  • What’s next for Fiat Chrysler?
  • Vans sneakers are crushing it
  • The Gates Foundation is now one of Berkshire’s largest shareholders
  • AI is hurting people of color and the poor. Experts want to fix that
  • Jamie Dimon on the trade war, infrastructure ’emergency’ and Trump
  • Watch: What keeps Jamie Dimon up at night
  • This is how Jamie Dimon would fix income inequality
  • Papa John’s is worried that Papa John will try to take over the company
  • Sergio Marchionne, auto legend, steps down as CEO of Fiat Chrysler
  • Overstock is making a push into real estate
  • Hipster cocktail sends Aperol sales soaring
  • Tariffs and Brexit could kill this steel company
  • Global immigration backlash could hurt India’s top tech companies
  • Ryanair’s profit has dropped 20% and more trouble is coming
  • New York Daily News to slash 50% of its newsroom
  • Expectations for the Trump-Juncker meeting could hardly be lower
  • G20 finance chiefs talk unity despite trade war
  • Facebook’s talk about false news doesn’t line up with its actions. Here’s one example
  • Stelter: Trump’s ‘hoax’ tweet means the press has even more questions to ask
  • Coinbase forms political action committee
  • Maggie Haberman on Trump, eighteen months in
  • Press scrutinizing Trump’s Russia ties
  • Trump escalates his war with the Fed
  • Power outage at GE
  • Samsung or Xiaomi? It’s a two-horse race for India’s smartphone market
  • WhatsApp is adding new restrictions as killings continue in India
  • JPMorgan’s plan to help Chicago’s poorest neighborhoods
  • Randi Zuckerberg responds to her brother’s Holocaust comments
  • Avis CEO says rental car biz is alive and well
  • Boeing looked into the future. Here are 3 things it saw
  • A New Zealand company tried a four-day work week. It was a ‘resounding success’

Select Bullets from Fox Business

  • Trump says US economic growth nears 5%; time to celebrate?
  • The White House is preparing to take a major victory lap as the U.S. economy rebounds.
  • Trump to promote US jobs, manufacturing at White House ‘Made in America’ event
  • Trump’s approval rating rises after Putin summit
  • Home sales are sliding – but why?
  • Google earnings hit by European fine
  • Facebook, Amazon and Cisco may face $10B in EU fines: Acronis CEO
  • Papa John’s enacts ‘poison pill’ to stop Schnatter hostile takeover
  • Fiat Chrysler, Ferrari stocks fall after CEO Marchionne’s abrupt departure
  • Single mother goes from homeless to CEO of construction company
  • Trump attacks Amazon again, says it uses Post Office as ‘delivery boy’
  • Tax cuts 2.0: What the GOP can learn from Ohio
  • Meat stockpiles hit a record high, consumers may see cheaper prices
  • Papa John’s enacts ‘poison pill’ to stop Schnatter hostile takeover
  • Hasbro to move more production outside China due to tariffs
  • NFL will be tainted for another season: Ex-Super Bowl champion
  • Here’s what to expect from Alphabet’s 2Q earnings
  • Mondelez recalls Ritz cracker products over salmonella concerns
  • S., Japan Yields Spike on Tighter Monetary Policy Reports
  • Tech Earnings: Alphabet, Facebook, Amazon Report This Week
  • Bladex (BLX) Q2 2018 Earnings Conference Call Transcript
  • Why I Finally Sold my Gilead Sciences Stock Position
  • Shares of Hi-Crush Partners Surge on Announcement of Acquisition and Distribution Hike

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

9MarketIndicatorsYahooFinance7.23.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

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 –

DimonSoundsOffWhiteHouseMHMarketUpdates

White House economic advisers are spreading the word that second-quarter GDP, out Friday, may surpass 4% – the first time growth has hit or exceeded that number since the third quarter of 2014, FOX Business has learned,” said Fox Business.

The White House is mum on the above.  But their press room has told the Daily Business News on MHProNews about the following from U.S. Department of Labor Secretary Alex Acosta.

We must tear down unnecessary barriers to work,” wrote Secretary Acosta Friday. “Excessive licensing forces individuals, like barbers, teachers and nurses, who move from state to state, to give up their career or retake certifications and pay high fees to get back to work.” He called on states to reevaluate their approaches.

On the heels of last week’s Pledge to America’s Workers, where more than 20 companies committed to investing in 3.8 million opportunities for our Nation’s workforce, Secretary Acosta ran through the myriad other ways the Trump Administration is expanding opportunity for all Americans:

  • The President has restored a commonsense approach to regulation, which should “focus on protecting health and safety,” Secretary Acosta says.
  • The Administration is helping transition Americans who are reentering society from prison to jobs, releasing $84.4 million in grants to community groups.
  • A new Executive Order in May helps alleviate the burden for military spouses as their families are reassigned from one state to another.
  • Thanks in part to tax cuts and reform, record unemployment lows were set for African-Americans, Hispanic-Americans, and Asian-Americans.

Jamie Dimon, the CEO of JPMorgan Chase – the largest U.S. bank – recently mentioned concerns over the growing tariff and trade issue, but balanced it by saying that something certainly had to be done.

If you do another $200 billion of tariffs and this national security thing about cars, I think that you’re getting pretty close to reversing some of the benefits you’ve seen in the economy,” Dimon said in an interview with CNNMoney.

Dimon, who also chairs the Business Roundtable – a lobby group of top U.S executives – said POTUS Trump is on solid ground criticizing serial abusers of trade practices, such as China. Still, Dimon was highly critical of the president’s broader trade agenda – and statement from his advisers – that minimize the effects of a tariff war against US trading partners in Europe and Canada.

The GDP report is expected Friday, and will be scrutinized by administration supporters and detractors.  Stay tuned.

 

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).

7.23.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

‘They’re F-ing Us’ hints President Trump, but “We’re Playing with the Banks Money,” Plus Manufactured Home Market UPdate$

July 20th, 2018 Comments off

CNNmoney7.21.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe President of the United States (POTUS) Donald J. Trump coyly hinted that countries he named are ‘f—king us,’ but then said he won’t use that expression for a respected show.  Markets closed down a fraction, and this evening’s focus will be a one on one interview with the president on the topic of tariffs, trade, and his economic efforts.

 

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, just beyond the Manufactured Housing Composite Value for today.

 

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.

We’ll share a recent ‘kudos!’ message before diving into the bullets and market tickers.

CaseyMackLegacyHousingManufacturedHousingIndustryDailyBusinessNewsMHproNews

Casey Mack.

I have witnessed Soheyla and Tony’s hard work and dedication over the years with great admiration. Their website portal www.MHProNews.com has become a staple of my morning read with amazing interactive charts & graphics, breadth & clarity in their articles, and passion which no one can match in our industry.  Thanks MHProNews! You rock!” – Casey Mack, Legacy Housing.

Thanks, Casey, and to all of those who take the time to share their thoughts.

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…

  • Trump escalates his war with the Fed
  • Facebook suspends another data analytics firm
  • Elon Musk crossed a line, analyst says
  • A transatlantic trade war is brewing. Can it be stopped?
  • Power outage at GE
  • JPMorgan’s plan to help Chicago’s poorest neighborhoods
  • Randi Zuckerberg responds to her brother’s Holocaust comments
  • Avis CEO says rental car biz is alive and well
  • Experimental treatment uses modified stem cells to fight cancer
  • Microsoft posts its first $100 billion sales year
  • Samsung or Xiaomi? It’s a two-horse race for India’s smartphone market
  • WhatsApp is adding new restrictions as killings continue in India
  • North Korea’s economy just had its worst year in two decades
  • Amy Powell fired as president of Paramount Television
  • Rupert Murdoch’s summer of good fortune
  • Fox News host leaving the network to hit campaign trail with Donald Trump Jr.
  • Another Wells Fargo mess: Pet insurance ripoff
  • Domino’s plans to open thousands of new stores
  • China’s yuan plunges again. Is a currency war coming?
  • FCC calls out ‘lack of candor’ in Sinclair-Tribune deal
  • How the NBA Finals and rainy baseball hurt eBay
  • Comcast drops its $65 billion bid for 21st Century Fox
  • China’s top ride-hailing company takes fight with Uber to Japan
  • Tesla’s plan to make cars in China won’t be easy to pull off
  • Watch: Kids vs ‘dumbphones’ from the 2000s
  • IHOP president: We’re still all about the pancakes
  • Airbus CEO: Time is running out for a Brexit deal
  • JPMorgan takes its fund for entrepreneurs of color to Chicago
  • Berkshire’s best day in nearly 7 years
  • Amazon Prime Day was bigger than Cyber Monday and Black Friday
  • Uber fills ‘critical’ role of chief privacy officer
  • Aston Martin put a V8 in this silly, tiny car
  • With the Jaguar I-Pace, electric SUVs are off to a great start

Select Bullets from Fox Business

  • Here’s how much Americans are paying in credit card fees
  • The amount consumers pay to banks in interest and fees rose 11% over the past year.
  • US stocks struggle to hold session gains
  • Microsoft is winning, shares hit new record
  • Trump Fed critique sends dollar lower
  • New Zealand company tested four-day work week, results may surprise you
  • Employee engagement rose, while stress levels declined.
  • Paramount TV president fired over ‘racially charged’ comments
  • Gun store owner busts comedian Sacha Baron Cohen in failed prank
  • General Electric plunges on weak cash flow
  • Domino’s Pizza aims to open thousands of US stores
  • Netflix will see ‘cash flow explosion’ by 2020: analyst[overlay type]
  • MEDIA & ADVERTISING
  • Netflix will see ‘cash flow explosion’ by 2020: analyst
  • Aston Martin reveals flying car that could hit 200 mph
  • Social Security: What to know, what to expect, how to make it better
  • Burberry destroyed $37M worth of excess products to protect brand
  • Deutsche Bank values Amazon at more than $1T
  • Eagles star Nick Foles tops NFL merchandise sales ahead of 2018 season
  • Here’s what the Trump administration has done so far to lower drug prices
  • You may actually be allergic to your office because of this
  • Here’s what to do when it’s hot outside but ridiculously cold in your workplace.

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

 

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 –

TheyreF-ckingUsHintsPresidentTrumpDailyBUisnessNewsMHproNewsWe'rePlayingWithTheBanksMoneyManufacturedHomeIndustryDailyBusinessNewsMHProNews550

President Donald J. Trump has been making the rounds on interviews with the networks.

He told CNBC that We’re playing with the bank’s money‘ on market’s gain since election to fight trade war.

Per CNBC,

  • President Donald Trump believes the stock market rally since his election win gives him the cushion to address the trade conflict with China and other countries.
  • The S&P 500 is up 31 percent since Trump’s win on Election Day, Nov. 8, 2016 through Thursday.”
  • The market’s gain slowed this year as the Trump administration has implemented new tariffs on countries, with the benchmark index up 4.9 percent for 2018 through Thursday.

This is the time. You know the expression we’re playing with the bank’s money,” POTUS told CNBC’s Joe Kernen in a “Squawk Box” interview aired Friday.

We are being taking advantage of and I don’t like it,” the president said. I would have a higher stock market right now. … It could be 80 percent [since the election] if I didn’t want to do this.”  He said he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. “I’m ready to go to 500 [billion dollars in tariffed items],” Trump added.

The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared with the $129.9 billion the U.S. exported to China, according to Census Bureau data.

Really? Taxes are Cut, Tax Collection and Revenue Grows?

Capitalism, Socialism, & Manufactured Housing

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).

 

7.21.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

Literally Killer News, the Business of America, and Manufactured Housing Industry Market Updates

July 19th, 2018 Comments off

YahooFinanceManufacturedHousingCompValue7.19.2018DailyBusinessNewsStocksMarketsDataReportsMHProNewsThe Business of America is Business,” said President Calvin Coolidge. It seems that for a number of years, under both GOP and Democratic leaders, that mantra was missed in the maze of regulatory barriers and high taxes. Whatever party you may belong to, that’s obviously changing in the last 18 months. Consumer and business confidence are reaching new highs. Manufacturing is at or near an all time high in confidence. Those are serious reversals over the last quarter century, when businesses and jobs moved overseas.

That said, arguably a major responsibility of government is security.  Our different kind of focus tonight for this evening is literally killer.

 

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.

We’ll share a recent ‘you go!’ message before diving into the bullets and market tickers.

CaseyMackLegacyHousingManufacturedHousingIndustryDailyBusinessNewsMHproNews

Casey Mack.

I have witnessed Soheyla and Tony’s hard work and dedication over the years with great admiration. Their website portal www.MHProNews.com has become a staple of my morning read with amazing interactive charts & graphics, breadth & clarity in their articles, and passion which no one can match in our industry.  Thanks MHProNews! You rock!” – Casey Mack, Legacy Housing.

Thanks, Casey, and to all of those who take the time to share their thoughts.

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.

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. The selected bullets are from both sides of the left-right media divide. That’s fair and balanced. “We Provide, You Decide.”  ©

Select bullets from CNN Money…

  • 24% of Tesla Model 3 orders have been canceled, analyst says
  • How 2006 changed the internet
  • Domino’s plans to open thousands of stores
  • Trump rips Fed for raising interest rates
  • UK security officials warn of ‘new risks’ from Huawei
  • How the NBA Finals and rainy baseball hurt eBay
  • Comcast drops its $65 billion bid for 21st Century Fox
  • Uber loses another top executive
  • E-bikes are cannibalizing rides from Uber’s cars
  • Disney chief Bob Iger wins his prize
  • China’s yuan plunges again. Is a currency war coming?
  • Tesla’s plan to make cars in China won’t be easy to pull off
  • Berkshire’s best day in nearly 7 years
  • Mark Zuckerberg clarifies his Holocaust comments
  • Amazon Prime Day was bigger than Cyber Monday and Black Friday
  • IHOP president: We’re still all about the pancakes
  • China’s top ride-hailing company takes fight with Uber to Japan
  • Uber fills ‘critical’ role of chief privacy officer
  • JPMorgan takes its fund for entrepreneurs of color to Chicago
  • Lloyd Blankfein is about to have a lot of job options
  • Larry Kudlow: No recession in sight
  • What’s rattling investors?
  • Justice Department asks court to expedite AT&T appeal
  • Europe’s fine against Google is too little, too late
  • Google’s $5 billion fine didn’t even move Alphabet stock
  • Why Ford is revamping an iconic Detroit landmark
  • How innovation saved Detroit
  • Papa John’s founder says it was a ‘mistake’ to resign
  • First it was Pfizer. Now Novartis has frozen drug prices in the US

Select Bullets from Fox Business

 

  • American workers are about to up their game
  • The ‘Pledge to America’s Workers’ is aimed at creating 500,000 new opportunities.
  • Trump criticizes Federal Reserve over interest rate hikes
  • Small businesses face ‘critical shortage’ of skilled workers: SBA’s Linda McMahon
  • Xi to Trump: Don’t blame me for blocking trade deal
  • Hey millennials, you need to start investing, not just saving, for retirement
  • Should American businesses worry about a trade war with China?
  • Amazon ‘Prime Day’ glitches cost company up to $99M: report
  • Tesla Model 3 cancellation risk causes analyst to put brakes on outlook
  • New Zealand company tested four-day work week, results may surprise you
  • Gatorade chief says new ‘customized’ sports drink is a game-changer
  • Universal basic income won’t work in cities: expert
  • Eagles star Nick Foles tops NFL merchandise sales ahead of 2018 season
  • Ford recalls 550,000 vehicles for roll-away risk
  • Wells Fargo refunding millions for add-on products, report
  • Good news/bad news on Social Security
  • Tennessee zipper company in crosshairs of buy-American laws
  • Trump workforce re-training order could create 500K new job opportunities
  • The initiative will target Americans of all ages, from college students to older workers.
  • Here’s what the Trump administration has done so far to lower drug prices

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

9MarketIndicatorsYahooFinance7.19.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

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 –

LitterallyKillerNewsTheBusinessofAmericaandManufactuedHousingIndsutryMarketUpdates

Last year, readers of this evening feature on MHProNews will recall that headlines about North Korean missile tests were causing market jitters.

For the past few months, the saber rattling has been silent.

Earlier this year, the U.S. passed a historically large military budget.  Whatever one thinks about that, it is what it is, and one question that ought to be asked is, where are those dollars going?

This video doesn’t answer that completely, but it does shed light on part of what the Trump Administration’s thinking is on military and weaponry.

This is deadly serious news about a developing weapon system, which hopefully will never need to be used. But it is an example of what the proper role of the federal government is, namely, defense of the nation. That defense makes all business possible.

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).

7.19.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.”

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(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.

Who Says Bipartisanship is Dead? House Passes Massive “JOBS & Investor Confidence Act” S 488 by 406 to 4 Vote

July 18th, 2018 Comments off
MaxineWatersJebHanserlingTwitterManufacturedHousingIndustryDailyBusinessNewsMHProNews

Access to capital has been a serious issue for years in manufactured housing, and in other industries too.

Waters, Hensarling put forth massive bipartisan economic growth bill,” said HousingWire.

 

The White House press room tells MHProNews, that: “President Donald J. Trump commends the House of Representatives for passing S. 488, the JOBS and Investor Confidence Act of 2018.  This bill would enact commonsense regulatory reforms to help American entrepreneurs and small businesses raise the capital they need to innovate more and create more jobs.”

A range of trade groups praised the measure, here is an example.

The Biotechnology Innovation Organization (BIO) applauds the passage by the House of Representatives of the JOBS and Investor Confidence Act of 2018 (S. 488), or JOBS Act 3.0, in a widely bipartisan vote of 406-4,” said the trade group to the Daily Business News in a release.

 

WASHINGTON, D.C. In a near-unanimous vote of 406-4, the House passed today the bipartisan “JOBS and Investor Confidence Act of 2018.”

The bill – which is comprised of 32 individual pieces of legislation that have passed the Financial Services Committee or the House this Congress with broad bipartisan support – was the third and largest installment of “Jumpstart Our Business Startups (JOBS) Act” legislation aimed at helping small businesses, entrepreneurs and investors by reforming our capital markets.

Jeb Hensarling & Maxine Waters Unveil Bipartisan Capital Markets Reform Legislation

HouseFinancialServicesCommitteePressReleaseDailyBusinessNewsMHproNews598

Official statement from the U.S. House of Representatives.

TXR-JebHensarlingHouseFinancialServicesCommitteeDailyBusinessNewsMHProNEwsThe JOBS and Investor Confidence Act of 2018 will help sustain 3% economic growth and ensure we are able to compete globally with countries like China. By helping entrepreneurs access the capital they need to launch their companies and to go and stay public, this bill ensures that America’s garages have fewer old cars and more new startups,” said Financial Services Committee Chairman Jeb Hensarling (R-TX). “The small businesses of today become the Amazons, Googles and Microsofts of tomorrow. Thanks to the hard work of Members on both sides of the aisle – especially Ranking Member Maxine Waters who worked so strongly and fervently on a bipartisan, cooperative basis – this bill will make a difference for economic growth for all Americans.”

The critical legislation includes provisions to: ease regulations on “angel investors” and expand the definition of “accredited investors” to make it easier for startup companies and small businesses to attract investments needed to grow and create jobs; make it easier for companies to go public by extending on-ramp exemptions for emerging growth companies (EGCs) to give them more time to financially sustain costs and requirements associated with full compliance; ease securities regulations on Initial Public Offerings (IPOs) to increase opportunities for everyday investors; and cut red tape on asset managers so that Main Street investors don’t have to shoulder the costs of burdensome, unnecessary regulations.

House Speaker Paul Ryan (R-WI) praised the legislation, saying the bill would “cut down on regulations that are holding back small businesses and start-ups. It’s the third piece in a line of critical bipartisan bills aimed at creating jobs, unlocking innovation, and driving growth. This will help us sustain the positive growth that we are already seeing. And this all gets us back to creating an environment where entrepreneurs can succeed and workers can get ahead.”

Startups drive our nation’s economic growth by expanding the technology frontier and employing millions of workers in high-quality jobs. And Americans are inspired by stories of entrepreneurs who build an empire out of their garages. Yet too many small businesses fail to launch because of government restrictions on investment and growth,” said House Majority Leader and co-author of the original JOBS Act, Kevin McCarthy (R-CA). “Chairman Hensarling has proven time and again that he cares about crafting bipartisan solutions for entrepreneurs. His approach to build on the success of the first and second JOBS Acts has been creative and inclusive. The JOBS Act 3.0 is the latest evidence of this House’s commitment to expanding opportunity for American workers and investors.

House Majority Whip Steve Scalise (R-LA) said passage of the bipartisan legislation would “make it even easier for people to have a piece of the American Dream.”

The legislation will now head to the Senate, where Majority Leader Mitch McConnell (R-KY) has committed to bring the bill up for a vote. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, and content are provided under fair use guidelines.)

Related Reports:

Balancing Capital Requirements and Access to Credit

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews
2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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.

Warren Buffett on Construction and Trucking Labor, Plus Manufactured Housing Markets Updates

July 18th, 2018 Comments off

CNNmoney7.18.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe video below with Warren Buffett is perhaps more interesting for what it doesn’t say, than what it does.  That will be our focus 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 below.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

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.

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…

  • Larry Kudlow: No recession in sight
  • Malta wants to become ‘Blockchain Island’
  • Warren Buffett may soon join the stock buyback party
  • What’s rattling investors?
  • Papa John’s founder says it was a ‘mistake’ to resign
  • Uber fills ‘critical’ role of chief privacy officer
  • Lloyd Blankfein is about to have a lot of job options
  • Why Europe’s record fine against Google won’t hurt the tech giant
  • Europe fines Google a record $5 billion
  • A history of Europe’s efforts to rein in Big Tech
  • Elon Musk apologizes to Thai cave rescuer for ‘pedo’ tweet
  • Reed Hastings is writing a Netflix book
  • Netflix stock is tanking, but Hollywood would kill for its problems
  • Brits can’t get enough of Netflix and Amazon Prime
  • Sinclair announces changes to its bid for Tribune to appease the FCC
  • The vanishing White House press briefing
  • CBS’ Jeff Glor interviews Trump as White House grapples with Putin controversy
  • Google’s latest move to crack China: A WeChat game
  • First it was Pfizer. Now Novartis has frozen drug prices in the US
  • Boeing looked into the future. Here are 3 things it saw
  • Texas Instruments CEO resigns over ‘personal behavior’
  • Leading AI researchers vow to not develop autonomous weapons
  • Cambridge Analytica’s Facebook data was accessed from Russia, MP says
  • Texas pumps so much oil that soon it may surpass Iran and Iraq
  • With the Jaguar I-Pace, electric SUVs are off to a great start
  • This could be the Rolls-Royce of flying taxis
  • Another problem for Tesla’s Model 3
  • Aston Martin put a V8 in this silly, tiny car
  • CEOs are dumping stock in their companies. Here’s what that means

Select Bullets from Fox Business

  • Papa John’s, Wendy’s discussed merger before founder’s resignation: report
  • Papa John’s shares spiked on the report.
  • Laundry Service firm: Papa John’s founder extortion claims ‘completely false’
  • US stocks trade in tight range following upbeat economic outlook
  • Google shares soar to record high, despite record high EU fine
  • Gold’s demise may be golden for US stocks
  • Economy is fragile, recession could occur, Harvard professor warns
  • Americans think this is the ideal age to retire, buy a house
  • Truck driver shortage throwing wrench into business activity: Fed
  • Trump reveals plans for new Air Force One paint job
  • Chinese theft of US intellectual property ‘greatest transfer of wealth’ in history
  • Tax cuts 2.0: What we know so far
  • JetBlue founder’s startup buys 60 Airbus jets in key step to getting airborne
  • Thanks to Amazon, Target just logged its best online sales day this year
  • What glitches? Amazon’s latest Prime Day made ‘history’
  • Putin banker describes minimal effect of Russia sanctions
  • Silicon Valley in danger of becoming obsolete, famed futurist warns
  • Overcoming stereotypes, blazing motorcycle trails
  • Elon Musk should avoid Twitter to run Tesla effectively: Varney
  • Why ‘tax reform 2.0’ could improve retirement security for middle class
  • Stock futures rise following upbeat economic outlook
  • Fed remains on track for further rate increases.
  • Oil prices fall on rise in U.S. stocks, demand worries
  • Brent crude hit a three-month low.
  • United beats earnings expectations
  • The airline said its profit is rising despite surging jet fuel costs.

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

9MarketIndicatorsYahooFinance7.18.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

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 –

WarrenBuffettCNBCConstructionTruckingJobsDailyBusinessNEwsMHPoNews

Warren Buffett is the well-known Chairman of the Berkshire Hathaway conglomerate. Berkshire in turn owns Clayton Homes, 21st Mortgage Corp, Vanderbilt and an array of other companies, some of which are noted in the link below. 

Buffett shared his take on construction, trucking and labor.  Notice what he didn’t mention?  In this clip, he spoke about their site builders, but not his manufactured housing unit – Clayton – which owns those conventional builders.  

 

 

Another big of Berkshire news is their announcement that they will more likely move on stock buy-backs, when they believe it is undervalued. 

That video is shown below.

 

Only 3 Options – the Elephant in the Room

 

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).

7.18.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNewsBerkshire 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.

Balancing Capital Requirements and Access to Credit

July 17th, 2018 Comments off

BalancingCapitalRequirementsAndAcesstoCreditWashingtonDCManufacturedHOusingIndsutryDailyBusinessNEwsMHproNews

WASHINGTON, D.C. – The Subcommittee on Financial Institutions and Consumer Credit met today.  They examined the existing regulatory structure for prudentially regulated financial institutions, with a view to exploring avenues how Congress and regulators can address challenges through policy changes.

 

While I believe in robust capital requirements, I don’t think capital should be required to the point that it consolidates risk and eliminates choice in the marketplace for commercial and individual clients.  The reality is that we still live in a world where the financial regulatory regime stifles growth and limits the availability of financial products,” said Subcommittee Chairman Blaine Luetkemeyer (R-MO), via a release to the Daily Business News on MHProNews.We need smarter, tailored regulatory regimes that promote not just transparency, but also effective consumer and systemic protections.”

As many manufactured housing industry professionals know that lived through the credit and capital crunch that began after the industry hit its peak in 1998, these are issues that have be near top-of-mind for business and association leaders.

Key Takeaways from Today’s Hearing

  • Under the Dodd-Frank Act, the largest financial institutions were subjected to new rules on matters ranging from capital adequacy guidelines to the creation of living wills.
  • The post-financial crisis Dodd-Frank era brought about more aggressive and adversarial relationships between financial institutions and federal financial examiners, even on standards that had been in place for decades.
  • Passing regulatory reform is a critical first step to ensure a fairer and balanced federal financial regulatory structure, but much work remains to simplify the complex and overly burdensome system of financial regulation.

 

HouseFinancialServicesCommitteePressReleaseDailyBusinessNewsMHproNews598

Topline Quotes from Witnesses

With nearly a decade of regulatory changes behind us, now is the time to conduct a holistic review of the post-crisis framework and to make adjustments that would foster greater efficiency and transparency and effectively balance the important goals of a safe and sound financial system with one that best supports economic growth and job creation… Integration of the stress testing and capital regimes to achieve a more simplified and harmonized capital framework is a laudable goal… The Federal Reserve should undertake a broader review of its capital and stress testing programs to ensure that boards of directors at financial institutions can clearly and appropriately make capital management decisions.” – Kevin Fromer, President and CEO, Financial Services Forum.

The current capital regime has some clear attributes but also some fundamental and important flaws. We now take for granted two of the most important post-crisis reforms… First, capital requirements now focus heavily on common equity rather than hybrid capital instruments that did not prove sufficiently loss absorbing in crisis. Second, off-balance-sheet exposures are now much better captured and capitalized. One could argue that these two changes alone would have been sufficient to prevent a recurrence of the stress on the banking system seen in the last financial crisis. Obviously, regulators did not stop there.” – Greg Baer, President, The Bank Policy Institute.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) imposed a series of capital regimes on financial institutions with more than $10 billion in total consolidated assets… there are large swaths of Dodd-Frank-related regulatory costs that have nothing to do with the causes of the financial crisis… The bottom line is that in exchange for a safer banking system, the U.S. sacrificed economic vitality and growth. It is difficult to quantify this with any precision… but it underlies the sentiment that Dodd-Frank simply went too far.” – Douglas Holtz-Eakin, President, American Action Forum.

The U.S. banking sector is an important segment of the economy that serves as the primary provider of credit to our communities, to consumers and small- and large- businesses alike, and is a vital engine of growth and innovation in our economy… today, moderately-sized regional banking organizations with traditional and straight-forward business models that provide communities with their traditional banking needs, such as getting loans and having a place to make deposits, have been generally subject to the same stress testing, risk management, capital, and liquidity requirements that are applied to firms that are materially larger and more complex. These requirements have adversely impacted the lending activities of regional and community banks, and have increased the price of, and reduced the access to, credit for families, small businesses, and other job creators in our economy.” – Keith A. Noreika, Partner, Simpson Thacher & Bartlett.

See the related report, linked below, for some of the bi-partisan movement in capital and credit reforms that are being advanced. ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

Jeb Hensarling & Maxine Waters Unveil Bipartisan Capital Markets Reform Legislation

 

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews
2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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.

Jeb Hensarling & Maxine Waters Unveil Bipartisan Capital Markets Reform Legislation

July 17th, 2018 Comments off
JebHensarling(R-TX)MaxineWaters(D-CA)IntroduceBiPartisanCapitalFormationLegislationPackageDailyBusinessNewsMHProNews550x315

Official photos of both Maxine Waters (D-CA) and Jeb Hensarling (R-TX) are provided by Wikipedia.

WASHINGTON, D.C. “House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA) announced Monday that they have reached an agreement on a package of strong, bipartisan capital-formation legislation to help America’s small businesses and entrepreneurs and to protect investors,” stated a released to the Daily Business News on MHProNews.

The legislative package is known as the “JOBS and Investor Confidence Act of 2018.” It’s comprised of 32 individual pieces of legislation that have passed the Committee or House this Congress with broad bipartisan support, stated a House Financial Services release to the Daily Business News.

JebHensarlingRTXOfficialPhotoDailyBusinessNewsMHproNews

Jeb Hensarling, official photo.

Over the last several months, our Committee has been working hard to put forth a number of capital-formation bills that are designed to breathe new life into markets that are suffocating under aging regulations,” said Hensarling. “Thanks to the efforts of the Ranking Member and Members of the Committee on both sides of the aisle, we have a strong bipartisan package that will play an important role in sustaining long-term economic growth and global competitiveness.”

A stronger economy, more jobs for America’s families, and strong investor protections are top priorities for Committee

MaxineWatersD-CAOfficialPhotoManufacturedHOusingIndustryDailyBusinessNEwsMHprOnews

Maxine Waters. Official photo,

Democrats,” Waters said. “I want to thank the Chairman and the staff of the Committee on both sides of the aisle for the work that they have been doing, working together to live up to what we always say—that we all support small businesses, their access to capital and protecting investors. This is true bipartisanship we are witnessing today.”

 

 

HouseFinancialServicesCommitteePressReleaseDailyBusinessNewsMHproNews598

— Start of balance of House Financial Services Committee report —

The bipartisan bills that comprise the package are:

H.R. 79, Helping Angels Lead Our Startups (HALOS) Act – Sponsored by Rep. Steve Chabot (R-OH) and cosponsored by Rep. Kyrsten Sinema (D-AZ), this bill defines an “angel investor group” and clarifies a regulation issued by the Securities and Exchange Commission (SEC) to ensure that startups have the opportunity to make a presentation to interested parties without running afoul of the securities laws.

It passed the House on January 10, 2017 with strong bipartisan support, 344-73.

H.R. 435, The Credit Access and Inclusion Act of 2017 – Sponsored by Rep. Keith Ellison (D-MN) and cosponsored by Rep. Robert Pittenger (R-NC), the bill amends the Fair Credit Reporting Act (FCRA) to authorize an entity, including the Department of Housing and Urban Development (HUD) to furnish data to consumer reporting agencies regarding an individual’s history of on-time payments with respect to a lease, or contracts for utilities and telecommunications services.

The bill passed the House by voice vote on June 25, 2018.

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H.R. 477, Small Business Mergers, Acquisitions, Sales & Brokerage Simplification Act of 2017 – Sponsored by Rep. Bill Huizenga (R-MI) and cosponsored by Rep. Brian Higgins (D-NY), the bill alleviates costs to small business owners by simplifying the securities registration system for mergers and acquisition brokers who help transfer the ownership of small, privately held companies.  It also disqualifies “bad actors” from utilizing the simplified process and does not allow transactions involving shell companies.

H.R. 477 passed the House with unanimous bipartisan support, 426-0, on December 7, 2017.

H.R. 1585, Fair Investment Opportunities for Professional Experts Act – Sponsored by Reps. David Schweikert (R-AZ) and cosponsored by Reps. French Hill (R-AR), Carolyn Maloney (D-NY) and Kyrsten Sinema (D-AZ), H.R. 1585 modernizes the definition of accredited investor so those who do not have a high income or high net worth but do have the education and job experience to evaluate investment risks and merits can participate in the growth of promising companies.  This change will provide more Americans with greater investment opportunities and enable the businesses they invest in to create more jobs.

It passed the house by voice vote on November 1, 2017.

H.R. 1645, Fostering Innovation Act – Sponsored by Rep. Kyrsten Sinema (D-AZ) and cosponsored by Rep. Trey Hollingsworth (R-IN), the “Fostering Innovation Act of 2017” amends Section 404(b) of the Sarbanes-Oxley Act (SOX) to extend the exemption to comply with the law for certain low-revenue emerging growth companies (EGCs) that would otherwise lose their exempt status at the end of the five-year period that applies under current law.

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The bill passed the Financial Services Committee with a bipartisan vote of 48-12 on October 12, 2017.

H.R. 2219, End Banking for Human Traffickers Act of 2018 – Sponsored by Rep. Ed Royce (R-CA) and cosponsored by Rep. Carolyn Maloney (D-NY), H.R. 2219 amends the Victims of Trafficking and Violence Protection Act of 2000 to add the Treasury Secretary to the President’s Interagency Task Force to Monitor and Combat Trafficking, requires the task force to submit to Congress an analysis of anti-money laundering (AML) efforts of the U.S. government and financial institutions relating to severe forms of trafficking in persons, and requires the Treasury Secretary to designate an office within the Office of Terrorism and Financial Intelligence to coordinate efforts to combat the illicit financing of human trafficking.

It passed the House with overwhelming bipartisan support, 408-2, on April 10, 2018.

H.R. 2364, Investing in Main Street Act – Sponsored by Rep. Judy Chu (D-CA) and cosponsored by Rep. Stephen Knight (R-CA), the bill amends the Small Business Investment Act by increasing the percentage a financial institution or federal savings association can invest in a small business investment company (SBIC) to 15 percent and require the financial institution or the federal savings association to be approved by their federal regulator prior to investing more than five percent.

H.R. 2364 passed the House by voice vote on July 24, 2017.

H.R. 3555, Exchange Regulatory Improvement Act – Sponsored by Rep. Barry Loudermilk (R-GA) and cosponsored by Reps. Lee Zeldin (R-NY), Gregory Meeks (D-NY) and David Scott (D-GA), the “Exchange Regulatory Improvement Act,” as amended, requires the SEC to set forth the facts and circumstances it considers in determining what is a “facility” of an exchange.

The bill passed the Financial Services Committee on July 11, 2018 by voice vote.

H.R. 3903, Encouraging Public Offerings Act of 2017 – Sponsored by Rep. Ted Budd (R-NC) and cosponsored by Rep. Gregory Meeks (D-NY), the “Encouraging Public Offerings Act of 2017” amends the Securities Act of 1933 to expand to all public companies certain provisions of Title I of the Jumpstart Our Business Startups (JOBS) Act, which previously applied only to an EGC. Specifically, the legislation allows issuers to submit to the SEC for confidential review, before publicly filing, draft registration statements for Initial Public Offerings (IPOs) and for follow-on offerings within one year of an IPO. Additionally, this bill allows all companies to “test-the-waters” before filing an IPO, which means they may meet with qualified institutional buyers and other institutional accredited investors to gauge those investors’ interest in the offering.

It passed the House with unanimous bipartisan support, 419-0, on November 1, 2017.

H.R. 3972, Family Office Technical Correction Act – Sponsored by Rep. Carolyn Maloney (D-NY), H.R. 3972 clarifies that family offices and family clients, as defined in section 275.202(a)(11)(G)-1 of title 17, Code of Federal Regulations, are accredited investors under Regulation D of the SEC.

H.R. 3972 passed the House by voice vote on October 24, 2017.

H.R. 4281, Expanding Access to Capital for Job Creators Act – Sponsored by Rep. Ruben Kihuen (D-NV) and cosponsored by Rep. Alex Mooney (R-WV), the “Expanding Access to Capital for Rural Job Creators Act” amends the Securities Exchange Act of 1934 to have the SEC’s Advocate for Small Business Capital Formation identify any unique challenges to rural area small businesses when identifying problems that small businesses have with securing access to capital. H.R. 4281 also requires that the annual report made by the SEC’s Small Business Advocate include a summary of any unique issues encountered by rural area small businesses.

The bill passed the Financial Services Committee with unanimous bipartisan support, 60-0, on November 15, 2017.

H.R. 4292, Financial Institution Living Will Improvement Act of 2017 – Sponsored by Rep. Lee Zeldin (R-NY) and cosponsored by Rep. Carolyn Maloney (D-NY), the bill amends the “Dodd-Frank Wall Street Reform and Consumer Protection Act” to reform the resolution plan submission “living will” process by requiring bank holding companies to submit to the Federal Reserve Board (Federal Reserve) and the Federal Deposit Insurance Corporation (FDIC) resolution plans every two years. This bill requires the Federal Reserve and FDIC to provide feedback regarding a resolution plan within six months after a bank holding company submission. This bill also requires the Federal Reserve and FDIC to publicly disclose the assessment framework used to review the adequacy of resolution plans.

It passed the House on January 30, 2018 with unanimous support, 414-0.

H.R. 4294, Prevention of Private Information Dissemination Act of 2017 – Sponsored by Rep. David Kustoff (R-TN), the “Prevention of Private Information Dissemination Act of 2017” establishes criminal penalties for the unauthorized disclosure of living will and stress test determinations and other individually identifiable information by federal officials, consistent with existing penalties for other unauthorized disclosure of confidential records by federal officials.

It passed the House on June 26, 2018 with overwhelming bipartisan support, 392-2.

H.R. 4537, International Insurance Standards Act – Sponsored by Rep. Sean Duffy (R-WI) and cosponsored by Rep. Denny Heck (D-WA), the bill ensures that international insurance standards and agreements are consistent with our domestic insurance system and provides greater Congressional oversight and transparency on international insurance standard negotiations.

The bill passed the House by voice vote on July 10, 2018.

H.R. 4566, Alleviating Stress Test Burdens to Help Investors Act (Secs. 2 and 3) – Sponsored by Rep. Bruce Poliquin (R-ME), the section of this legislation to be included in JOBS Act 3.0 amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exempt nonbank financial institutions not  primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from the Dodd-Frank Act’s mandatory company-run stress-testing requirements. Additionally, the bill clarifies that the SEC and the Commodity Futures Trading Commission retain their authority to issue regulations to require nonbank financial companies to conduct periodic analysis of the financial condition of such companies under adverse economic conditions.

The full bill previously passed the House on March 20, 2018 with a strong bipartisan vote of 395-19.

H.R. 4768, National Strategy for Combating the Financing of Transnational Criminal Organizations Act – Sponsored by Rep. David Kustoff (R-TN) and cosponsored by Rep. Kyrsten Sinema (D-AZ), H.R. 4768 requires the President, through the Secretary of the Treasury, to develop a national strategy to combat the financial networks of transnational criminal organizations (TCOs) not later than one year after the enactment of this Act and every two years thereafter. In particular, the strategy will assess the most significant TCO threats and the individuals, entities, and networks that provide financial support or facilitation to those TCOs.  It also reviews current goals, priorities, and actions against TCOs’ financial support networks and will recommend new ways to deter and prosecute those who financially enable TCOs.

H.R. 4768 passed the House by voice vote on March 6, 2018.

H.R. 5288, Common Sense Credit Union Capital Relief Act – Sponsored by Rep. Bill Posey (R-FL) and cosponsored by Rep. Denny Heck (D-WA), the bill delays the effective date of the rule used by the National Credit Union Administration titled “Risk-Based Capital” from 2019 to 2021.

H.R. 5749, Options Markets Stability Act – Sponsored by Rep. Randy Hultgren (R-IL) and cosponsored by Rep. Bill Foster (D-IL), the legislation requires the prudential regulators to implement a risk-adjusted approach to value centrally-cleared exchange-listed derivatives as it relates to capital rules to better and more accurately reflect exposure and to promote  market-making activity.

On July 10, 2018, the bill passed the House with a unanimous vote of 385-0.

H.R. 5783, Cooperate with Law Enforcement Agencies and Watch Act of 2018 – Sponsored by Rep. French Hill (R-AR) and cosponsored by Rep. Bill Foster (D-IL), the “Cooperate with Law Enforcement Agencies and Watch Act of 2018” provides a safe harbor for financial institutions that maintain a customer account at the request of a Federal, State, tribal or local law enforcement agency.

The bill passed the House with overwhelming bipartisan support, 379-4, on June 25, 2018.

H.R. 5877, Main Street Growth Act – Sponsored by Rep. Tom Emmer (R-MN), the “Main Street Growth Act” amends the Securities Exchange Act of 1934 to allow for the registration of venture exchanges with the SEC to provide a venue that is tailored to the needs of small and emerging companies and offers qualifying companies one venue in which their securities can trade.

It passed the House by voice vote on July 10, 2018.

H.R. 5953, Building Up Independent Lives and Dreams (BUILD) Act – Sponsored by Rep. Barry Loudermilk (R-GA) and Rep. Brad Sherman (D-CA), H.R. 5953 allows certain non-profits that are conducting charitable mortgage loan transactions to use either the truth in lending (TIL), good faith estimate (GFE), and HUD-1 forms, or those required under the TILA-RESPA Integrated Disclosure (TRID) rule.

H.R. 5953 passed the House by voice vote on July 10, 2018.

H.R. 5970, Modernizing Disclosures for Investors Act – Sponsored by Rep. Ann Wagner (R-MO), the “Modernizing Disclosures for Investors Act” requires the SEC to provide a report to Congress with a cost-benefit analysis of EGCs’ use of SEC Form 10-Q, including the costs and benefits to investors and other market participants of the current requirements for reporting on Form 10-Q, as well as the expected impact of the use of alternative formats of quarterly reporting for EGCs. The bill also directs the SEC to report to Congress with recommendations for decreasing costs, increasing transparency, and increasing efficiency of quarterly financial reporting by EGCs.

The House passed H.R. 5970 by voice vote on July 10, 2018.

H.R. 6069, Fight Illicit Networks and Detect (FIND) Trafficking Act – Sponsored by Rep. Juan Vargas (D-CA) and cosponsored by Rep. Keith Rothfus (R-PA), the “FIND Trafficking Act” requires the Comptroller General of the United States to carry out a study on how virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking or drug trafficking, and for other purposes.

The bill passed the House on June 25, 2018 by voice vote.

H.R. 6139, Improving Investment Research for Small and Emerging Issuers Act – Sponsored by Rep. Bill Huizenga (R-MI) and cosponsored by Rep. Maxine Waters (D-CA), the bill requires the SEC to carry out a study to evaluate the issues affecting the provision of and reliance upon investment research into small issuers and pre-IPO companies, including EGCs and other small issuers.

It passed the House by voice vote on July 10, 2018.

H.R. 6177, Developing and Empowering our Aspiring Leaders (DEAL) Act – Sponsored by Rep. Trey Hollingsworth (R-IN), the “DEAL Act” requires the SEC to revise the definition of a qualifying investment to include equity securities acquired in a secondary transaction.

The bill passed the Financial Services Committee on July 11, 2018 on voice vote.

H.R. 6319, Expanding Investment in Small Businesses Act – Sponsored by Rep. Randy Hultgren (R-IL), the “Expanding Investment in Small Businesses Act” requires the SEC to study whether the current diversified fund limit threshold for mutual funds constrains their ability to take meaningful positions in small-cap companies.

The Financial Services Committee passed the bill by voice vote on July 11, 2018.

H.R. 6320, Promoting Transparent Standards for Corporate Insiders Act – Sponsored by Rep. Maxine Waters (D-CA), the “Promoting Transparent Standards for Corporate Insiders Act” requires the SEC to consider certain types of amendments to Rule 10b5-1 to ensure that corporate insiders are not able to indirectly engage in illegal insider trading through changes to their trading plans.

The bill passed the Financial Services Committee on July 11, 2018 by voice vote.  

H.R. 6321, Investment Adviser Regulatory Flexibility Improvement Act – Sponsored by Rep. Gwen Moore (D-WI) and cosponsored by Rep. Bill Huizenga (R-MI), the “Investment Adviser Regulatory Flexibility Improvement Act” directs the SEC to consider alternative methods for businesses or organizations to qualify as a “small business” or “small organization” for the purposes of assessing the regulatory impact on investment advisers.

H.R. 6321 passed the Financial Services Committee by voice vote on July 11, 2018.

H.R. 6322, Enhancing Multi-Class Share Disclosures Act — Sponsored by Rep. Gregory Meeks (D-NY), the “Enhancing Multi-Class Share Disclosures Act” requires issuers with a multi-class share structure to make certain disclosures in any proxy or consent solicitation material that provide enhanced transparency regarding certain shareholders’ voting power.

It passed the Financial Services Committee by voice vote on July 11, 2018.

H.R. 6323, National Senior Investor Initiative Act of 2018 – Sponsored by Rep. Josh Gottheimer (D-NJ) and cosponsored by Rep. Trey Hollingsworth (R-IN), the “National Senior Investor Initiative Act of 2018” or the “Senior Security Act of 2018” creates an interdivisional task force at the SEC, to examine and identify challenges facing senior investors and requires the Government Accountability Office to study the economic costs of the exploitation of senior citizens.

The Financial Services Committee passed the bill by voice vote on July 11, 2018.

H.R. 6324, Middle Market IPO Underwriting Cost Act – Sponsored by Rep. Jim Himes (D-CT), the “Middle Market IPO Underwriting Cost Act” requires the SEC, in consultation with the Financial Industry Regulatory Authority, to study the direct and indirect costs associated with small and medium-sized companies to undertake initial public offerings.

The bill passed the Financial Services Committee on July 11, 2018 by voice vote.

H.R. 6380, Crowdfunding Amendments Act – Sponsored by Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA), the “Crowdfunding Amendments Act” allows crowdfunding investors to pool their money together into a fund that is advised by a registered investment advisor.

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“From Impossible to Inevitable,” Black Fly, plus Manufactured Housing Market Updates

July 16th, 2018 Comments off

CNNmoney7.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere’s not much of a direct link between the newly unveiled BlackFly personal flying vehicle and manufactured housing. So why bother?  Because it is one of a range of technologies that could transform travel, especially for commuters.  That in turn could make living in a more rural area appealing, and thus offer additional options for housing seekers, which include manufactured homes.

 

Black Fly will be our fun, video focus tonight.

 

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, just before the tracked stock closing tickers.

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

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.

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…

  • Uber is under a federal investigation for gender discrimination
  • Jeff Bezos worth $150 billion as Amazon hits all-time high
  • Why oil prices are suddenly tanking
  • Will Elon Musk’s antics hurt his businesses?
  • Former oil CEO charged with exchanging corporate favors for personal loans
  • Wall Street’s $6.3 trillion man is worried about a trade war
  • Why Bank of America branches are disappearing
  • Adidas joins the fight against plastic
  • Papa John’s founder kicked out of his office
  • China’s economy slows just as the trade fight begins
  • The best stock this year isn’t Netflix. It’s…
  • Elon Musk makes unfounded accusation against Thai cave rescuer
  • Analysis: Big tech isn’t as interested in media as we thought
  • How companies change their packaging without alienating customers
  • Judge’s order for LA Times to alter published story sparks outrage
  • How innovation saved Detroit
  • FCC chair expresses ‘serious concerns’ about Sinclair’s bid for Tribune
  • Deutsche Bank is making money again
  • China is making it harder to invest in smartphone maker Xiaomi
  • Will Uber’s CEO still be able to save the brand’s image?
  • Box office hero: Why ‘The Rock’ is ‘a franchise unto himself’
  • Twitter suspends 2 accounts linked to Russian intelligence after hacking indictment
  • The Justice Department drove a stake through the heart of Comcast’s bid for Fox
  • Firm that designed Ferraris is making a 250 mph electric supercar
  • What happens when brands try to go green
  • Wells Fargo finds even more customers that it overcharged
  • How do you rebrand Papa John’s when the problem is Papa John?
  • Papa John’s to remove founder’s image from ads
  • ZTE can once again do business with American companies
  • Justin Bieber and Katy Perry among Twitter users hit hardest by follower purge
  • JPMorgan Chase makes $8.3 billion profit thanks to ‘healthy’ US consumers
  • Wells Fargo’s scandals are hurting its bottom line
  • Larry Page invests in another flying car startup
  • Uber teams up with Lime scooters for latest non-car offering

Select Bullets from Fox Business

  • Trump touts US energy, will compete against Russia’s gas pipeline to Germany
  • Trump, Putin summit: Top economic issues
  • Putin bashes financier Bill Browder’s business associates over taxes
  • Implications of Russia aggression in Middle East
  • Putin announces creation of ‘high level working group’ for entrepreneurs
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  • Boomers cited positive reasons for pursuing business ownership in 2018.
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  • Don’t read much into 3M stock’s weakness.
  • Dominion gets 1st level of approval to merge with SC utility
  • US: Sanction exemptions open to those reducing Iran imports

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

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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 –

BlackFlyVTOLForbesManufacturedHousingIndustryDailyBusinessNewsMHProNews

The headline quote is from the video, posted below.

CBS this Morning broke the story last week about the first public look at the previously secret Silicon Valley facility where the aircraft called “Blackfly” is being built.

If the reports end up accurate, someone could buy a manufactured home, plus buy one of these VTOLs (Vertical Takeoff and Landing) and still be dollars ahead from purchasing a similar sized conventional house.

 

 

Forbes observes that BlackFly has more of a UFO look to it than other VTOLs and personal flying vehicles out there.

Utilizing eight small rotors spread across two parallel wings, it takes off by sort of rolling on and off the ground via its rounded belly, which makes it look a little bit like an old school rocking horse,” said Forbes.

Opener is the firm that is building the craft. They say it designed BlackFly with “triple-modular redundant flight systems, control surfaces, and sensors” to ensure safety and has flown over ten thousands miles of test flights.

There’s an auto-landing and return-to-home features to add extra usability.

Opener says the single passenger, joystick-operated system requires no formal licensing in the U.S. to fly, but the company will mandate that users take the FAA Private Pilot written examination and complete its own operator training.

At present, the system won’t be useable over a city. But as the technology develops, restrictions are likely to be eased, especially since others such as Google and Uber are developing their own flying vehicles.

Perhaps the more likely candidate to disrupt potential commutes affordably is the hyperloop.  For our recent report on that, click the below.

The bottom line for industry professionals and investors is this.  It should be obvious that the industry must continue to pursue what MHARR president Mark Weiss said was the full implementation of the Manufactured Housing Improvement Act of 2000.  That would include enhanced preemption.

But that other development – namely that technology could allow more to commute more readily from a more rural to a more urban or suburban locale – is not to be missed.

It is one of several developments that point to potentially brighter days ahead for manufactured housing.

Can the Hyperloop Benefit Manufactured Housing, Millions of Home Seekers? w/Videos

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).

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