As a just for funnies side note before pressing on. The mainstream media gets typos too, as the second word in the second bullet of our Fox News headline recap reflects this evening.
Longtime readers please note there are a few tweaks to some of the standard portions of our evening market/investing report. Read carefully as some changes of the ‘standard text’ that follows before our left-right headlines and also in other features near the end of tonight’s reports.
Every evening our headlines that follow provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get ‘insights-at-a-glance.’
This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing” ©.
We begin with headlines left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.
Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.
Newsy, Peeling Back Media Bias, Manufactured Housing Sales, Investing, Politics, and You
Headlines from left-of-center CNN Business.
- Beer is in a bear market – Sales are slipping. Here’s what Americans are drinking instead
- Jobs bounce back in wake of GM strike
- Opinion: America is too focused on the unemployment rate. Here’s what we need to be looking at
- Amazon now has 3 women on its senior leadership team — and 19 men
- This tool helps influencers fight back when their content is stolen
- Mariah Carey’s famous Christmas tune is getting a documentary
- US pharma companies really do want Britain to pay more for drugs
- OPEC agrees to production cuts to prop up oil prices
- One of Latin America’s most valuable startups is changing the way Brazilians bank
- Uber releases safety report revealing 5,981 incidents of sexual assault
- 4 consumer brands that came back from the dead
- Mike Bloomberg to Bloomberg News reporters: ‘With your paycheck comes some restrictions’
- Newly released data by the Labor Department on Friday shows that US employers added 134,000 jobs last month. While this was below economists expectations of 185,00, it brought the unemployment rate down to 3.7 percent, the lowest since December 1969. (Photo by Spencer Platt/Getty Images)
- Stocks soar on strong jobs report
- Retailers are scrambling to find holiday help
- The all electric Porsche Taycan
- Porsche’s first electric car is pricey but insanely fun
- How Fortnite changed Nintendo and GameStop forever
- Google is targeting women with its new gaming service Stadia
- Nintendo Switch is coming to China
- Minecraft wants to build on Pokémon Go’s success
- PlayStation 5 with interactive controllers gets 2020 launch date
- Rent the Runway will bring vacation clothes straight to your hotel closet
- Homeland Security drops plan to use facial recognition on traveling US citizens
- Airbnb is selling $5,000 rafting tours and other adventures
- How AI is making business travel better
- Marriott’s big bet on Asia: Butlers on WeChat and 60-second check-in
Headlines from right-of-center Fox Business.
- Stocks ride high on blowout jobs report
- US uneployment falls to 50-year low, exciting investors.
- Ousted pizza boss serves up hot suit against agency that ‘lost my company’
- WATCH: Founder John Schnatter says Papa John’s is on collision course
- Bankruptcy, infighting, lawsuits, oh my: Iconic steakhouse may hit market soon
- Monster jobs report could set up rumble between Trump and Fed Chair Powell
- Where are the jobs? These sectors hired the most in November
- Varney: The left is unhinged
- Banker sued over luxe hotel worker’s death facing another legal hurdle
- Major US city could be first to eliminate public transportation fares
- Losing ‘Wheel of Fortune’ contestant wins big prize thanks to technicality
- Massive heavyweight brawl in Saudi Arabia raises ethical questions
- Disney cruise worker accused of repeatedly raping 13-year-old girl
- Here’s how much Jane Fonda is worth
- Impeachment not a concern as Americans get richer
- Kudlow says 5G to create ‘hundreds of thousands’ of American jobs
- How to ensure your freight makes it to the trade showVideo
- WATCH: Trump promises cheaper, better light bulbs are coming back
- Mastermind of infamous GoFundMe homeless scam facing 5-year prison sentence
- US sues defense contractor Navistar for overbilling Marines $1.3B
- Slain UPS driver’s family questions police after chase ends in deadly shootout
- Canada Goose sending shoppers into snow-filled Arctic chamber
- Cannabis stocks’ brutal year shows no signs of mellowing
- The fuel behind rise of national health care spending
- Kudlow: US, China trade deal ‘close’
- Facebook eyes lease for iconic landmark
- Partisan Pelosi plan holds up drug pricing relief for America
- Uber commended for sharing scary report on sexual assaults
- UAW abolishes regional office plagued by embezzlement
- From Italy to America: Maria Bartiromo opens up on heritage, first job
- Bernie Sanders rolls out ‘High-Speed Internet for All’ plan. How much will it cost?
- Unexpected virus makes flu season hit early and hard
- Caroline Wozniacki announces her retirement: How much did the tennis star earn in her career?
- Biden knocks media for pushing AOC as direction of Democratic Party
- Peloton actor speaks out about role in ‘sexist’ ad
- Chipotle pays nurses to distinguish hangover from contagious illness
- New Jersey mall opens indoor ski slope, the first of its kind in North America
- Ulta Beauty gets sales boost from skin care
- Ivy Leaguers get community service for disrupting Yale-Harvard game with climate protest
- UNC students march to protest Confederate statue settlement
- Chase with stolen UPS truck ends with shootout, 4 dead
- State officials may move Ole Miss Confederate monument but won’t scrap it
- Lawsuit alleges email platform facilitated sex trafficking
- Chinese venture capital dollars nosedive in sure sign of slowing economy
- OPEC, allies agree to boost oil prices with production cut
- Chipotle offers young farmers 3-year contracts in search for local ingredients
- Mark Ruffalo endorses Sanders for president: ‘He is the original progressive’
- Korean War vet denied VA benefits for 50 years, granted 5 years after his death
- Ahead of Fannie Mae, Freddie Mac massive IPO, FHFA poised to pick Wall Street adviser
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics, and Investing Meet
First, let’s explain in brief what these promising jobs numbers should mean and based upon what sources.
If you go back about 3 to 4 years to publicly traded stock investor information from manufactured home producers, a fairly common comment at the time was this. The HUD Code manufactured home industry would and could do better when employment improves. That certainly sounds logical.
Indeed, as employment improved in 2017 and 2018, manufactured housing sales and thus production rose.
However, in 2019, year to date data reflects that manufactured housing is year-over-year trailing its performance in 2018. Given the improving employment and consumer confidence, how can someone explain that dynamic?
The answer is painful, but straightforward to those who look for facts apart from mere opinion, spin or feel good statements generated by whomever.
Zillow does routine market research on housing interest from potential buyers, which includes interest in manufactured homes. A comparison of the data from their 2016 vs. 2018 housing report revealed that interest in manufactured homes declined.
That stands in contrast to several claims made by the Manufactured Housing Institute (MHI), as they made a year ago the assertion that the industry had ‘momentum.’
How to explain that drop? It doesn’t take a rocket scientist to realize that when the bulk of the news being generated about manufactured homes is mostly negative, plus the fact that the industry has long been misunderstood, the result is more negative news reveals less interest.
Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports
It isn’t just the John Oliver video, it is the steady drum beat of reports between that or the more recent NCIS video that seemed to mock Frank Rolfe and his Mobile Home University.
In the face of ongoing issues like that, which include a recent allegation against manufactured home community giant RHP, another MHI member company, what does that tell us about their so-called code of ethical conduct? What precisely has to occur for that code of conduct to be invoked and a member expelled?
Are years of allegations of racism and discriminatory practices that may violate antitrust law enough?
Are complaints by public officials enough?
Apparently, not yet anyway. After all, what would MHI do if they lost the revenues generated by their larger members that seem to more routinely generate the negative news and complaints?
With that, let’s turn to the jobs report – that ought to signal more sales, but which has not yet been realized by manufactured housing, arguably for the kinds of factors noted above and in the related reports further below.
The bullets are per CNBC.
• The November 2019 employment report showed U.S. companies added way more jobs than expected during the month as mammoth gains in health care and social services — as well as a bounce in manufacturing hiring — ushered labor statistics higher.
• The government reported Friday that payrolls increased by 266,000, easily besting the 187,000 estimate economists polled by Dow Jones had forecast. The unemployment rate ticked back down to 3.5%, matching an earlier 2019 level that at the time was the lowest since 1969.
• CNBC studied the net changes by industry for November jobs based on data from the Labor Department contained in the employment report.
• The education and health care industry was by far the strongest during the month, adding more than 70,000 jobs for the month.
Related Reports:
More Mixed News on October 2019 Manufactured Housing Production, Shipment Data
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Winter 2019…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
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Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
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Disclosure. MHProNews holds no positions in the stocks in this report.
(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.
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