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That insight packed report on what is hot and what is not is found at the link here. With that aspect of tonight’s headline addressed, let’s pivot to the featured focus on how new home sales have soared in January 2021 and what light that sheds on manufactured home industry leadership.
For our growing numbers of new readers, as well as a reminder to those returning daily, a few quick evening/nightly market report insights.
Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and in a matter of moments, savvy professionals can see at a glance news headlines and views across the political spectrum.
This is a time saving and insightful way to quickly grab insights from across the left-right divide for those who are hooked on this market-nightly feature.
Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:
On a day that saw manufactured home connected equities mostly rise today, let’s press ahead toward our other business-nightly features and tonight’s focus on the MHI’s de facto admission on the issue of manufactured housing finance.
Quotes That Shed Light – Industry, American, Social, National Issues…
Headlines from left-of-center CNN
- Déjà vu
- NEW YORK, NEW YORK – JANUARY 27: GameStop store signage is seen on January 27, 2021 in New York City. Stock shares of videogame retailer GameStop Corp has increased 700% in the past two weeks due to amateur investors.
- GameStop shares surge more than 100% after being halted twice for volatility
- The Federal Reserve suffers widespread disruption to payment services
- Fry’s Electronics suddenly went out of business
- Housing is still strong, but there are some worries about a slowdown
- Powell: The real unemployment rate is ‘almost 10%’
- America’s unemployment problem is much worse than it seems
- Michael Bolton wants you to break up with Robinhood
- Big banks will need much less office space in the future
- See the radically different Postal Service delivery vehicles
- TJ Maxx hopes customers will ‘revenge shop’ to make up for a lost year
- The worldwide web as we know it may be ending
- The hot new thing in tech: speaking into your phone
- IPhone builder Foxconn is working on an electric car with Fisker
- The New York Times paints a grim picture of its own workplace culture
- Here’s everything you need to know about Paramount+
- A bicyclist rides by a row of homes on February 18, 2014 in San Francisco, California. According to a report by mortgage resource site HSH.com, an annual salary of $115,510 is needed to purchase a house in San Francisco where the median home price is $682,410. The report included 25 of the nations largest metropolitan cities with Cleveland, Ohio being the cheapest with a needed salary of $19,435 to purchase a home.
- Should you rent or buy a home? Ask yourself these 3 questions
- Michael Bolton has thoughts about payment for order flow
Headlines from right-of-center Newsmax
- Turley: New ‘Red Scare’ Silencing Conservative Voices in the Media
- At a House hearing, George Washington University law professor Jonathan Turley says the left’s appetite for censoring conservative voices is growing.
- Related Stories
- McCarthy Condemns Bid to De-Platform Newsmax, Fox, OANN
- Va. AG Rejects Lawmakers’ Call to Censor News Programming
- Media Institute Hits Dems for ‘Chilling Speech, Intimidating Distributors’
- 13 House Repubs Urge FCC Chair to Back Free Speech Against Censorship
- Bradley Smith: Targeting Conservatives a ‘Rank Abuse of Power’
- Dershowitz: 2 Congressmen Want McCarthyite ‘Red Channels’ as Newsmax, Fox Targeted
- The Biden Presidency
- Poll: Majority of Republicans Back Biden’s $1.9T Relief Plan
- House Dems Call for Biden to Give Up Sole Launch Authority for Nuclear Weapons
- Report: Trump to Chastise Biden, Tease ’24 Run at CPAC
- Kennedy: Biden Relief Bill a ‘Neo-Socialist Wish List’
- Report on Khashoggi Death Expected to Single Out Saudi Crown Prince
- WH Briefing Room Cleaned After Reporter Tests Positive for COVID-19
- Over 150 Executives Back $1.9T Stimulus Plan
- LA Sheriff Calls Tiger Woods Crash ‘Purely an Accident’
- Former Aide to Cuomo Details Sexual Harassment Accusations
- FDA: J&J’s 1-Shot Vaccine Meets Emergency Use Requirements
- Democrats Pushing Bill to Tilt Elections Against Republicans
· McCarthy Condemns Dem Effort to De-Platform Newsmax, Fox, OANN
- Republicans Push Back on Pelosi Proposal for Riot Commission
- Newsmax TV’s ‘Spicer & Co.’ Investigates Christian Persecution
- Report: Trump to Chastise Biden, Tease ’24 Run at CPAC
- Former President Donald Trump reportedly will condemn his successor’s
- House Freedom Caucus Draw Line in Sand on Earmarks
- Members of the House Freedom Caucus have drawn a line in the sand
- Obama: ‘White Resistance and Resentment’ Prevented Reparations Push
- McCarthy: Trump Will Be Asset in Winning House in 2022
- 14 House Republicans Want Briefing From FBI on Swalwell Ties to Alleged Chinese Spy
- Bradley Smith: Targeting Conservative Media a ‘Rank Abuse of Power’
- Turley: New ‘Red Scare’ Shutting Down Conservative Voices in Media
- Judge Bans Enforcement of Biden’s 100-Day Deportation Pause
- January New Home Sales Jump 4.3 Percent
- United CEO Confident People Will Feel Safe to Travel Again by 2022
- Bitcoin’s Second North American ETF Just Started a Price War
- More Than 150 Executives Back $1.9T Stimulus Plan
- Hyundai Motor to Replace Battery Systems in $900M Electric Car Recall
- Arizona Researchers Develop Drug Combo to Treat COVID-19
- Study Finds Effective Treatment for Migraine Triggers
- Lupus More Deadly for Some Minorities
- Study: Exercise, Not Testosterone, Boosts Male Heart Health
- Should You Buy Organic Foods?
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
The National Association of Homebuilders (NAHB) issued this following news release today. It will be followed by additional information, MHProNews Analysis and Commentary, in brief, and more linked reports.
Home appraisals — necessary for homebuyers to secure mortgages — are becoming a real issue for home builders as #lumber prices soar. Watch NAHB Third Vice Chair Carl Harris briefly explain the issue and learn more about the current state of appraisals at https://t.co/DZy2fqdArW pic.twitter.com/OsVCZxayZ3
— NAHB (@NAHBhome) February 24, 2021
New Home Sales Higher in January, Yet Supply Side Concerns Remain
Filed in Economics on February 24, 2021
Strong demand stemming from low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets helped to lift new home sales in January. But rising lumber and material costs threaten to blunt this momentum.
Sales of newly built, single-family homes in January rose 4.3% to a 923,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
“Historically low mortgage rates and solid demand spurred an increase in new home sales in January, with the sales pace more than 19% higher than a year ago,” said NAHB Chairman Chuck Fowke, a custom home builder from Tampa, Fla. “However, rising affordability issues are looming this year, particularly increasing building material costs, including lumber, which is adding $24,000 to the price of a typical newly-built home. Builders also cite rising regulatory issues as a potential concern.”
“With existing home inventory at all-time lows, the demand for new construction remains strong,” said NAHB Chief Economist Robert Dietz. “Though, rising building and development costs, combined with recent increases in mortgage interest rates, threaten to exacerbate existing affordability conditions. Builders are exercising discipline to ensure home prices do not outpace buyer budgets.”
A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. In addition to adjusting for seasonal effects, the January reading of 923,000 units is the number of homes that would sell if this pace continued for the next 12 months.
Inventory remains low at just a four-month supply, with 307,000 new single-family homes for sale, 6.3% lower than January 2020.
The median sales price was $346,400, up 5.3% from the $328,900 median sales price posted a year earlier.
Regionally, new home sales declined 13.9% in the Northeast, and rose in the other three regions, up 12.6% in the Midwest, 3% in the South and 6.8% in the West. ##
There is a rising count of new homes offered for sale that have not started construction: total of 81k now. That’s a 45% gain from a year ago.
— Robert Dietz (@dietz_econ) February 24, 2021
Additional Information, MHProNews Analysis and Commentary
The NAHB report today provides a useful bookend to two recent housing reports. The first one is on conventional resales of existing housing.
The second is on the sadly sorry state of manufactured housing during the Berkshire era.
The reports linked above and below shed light on what the industry is underperforming.
To learn more about the bigger picture, see the related reports linked above and below.
Related, Recent, and Read Hot Reports
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).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
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Winter 2021…
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.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
It is now 11+ years and counting…and Williams, who praised our accuracy and other services to manufactured housing for years, then said this.
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
