‘Americans Deeply Pessimistic About Economy,’ ‘Sour Mood’ Per Survey As Gas, Groceries, Housing Costs Soar; plus Manufactured Home Equities Market Update
A periodic look at the big picture of the U.S. economy and the mood of Americans is useful because it will reflect on our profession’s opportunities. The following report by the WND NewsCenter to MHProNews on the recent Wall Street Journal-NORC survey sheds the light on how Americans feel about the economy, which of course includes housing.
This graphic was not part of WND’s original report. Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. To return to this page, use your back key, escape or follow the prompts.
WND MONEY
Ya think? Vast majority say Biden is trashing economy
More than 8 in 10 describe it as ‘poor or not so good’
Inflation at more than 8% because of Joe Biden’s economic policies means Americans this year will pay hundreds, even thousands, of dollars more for food, heat and fuel than they paid last year – if they can find it.
Those gasoline prices have more than doubled since Biden took office, a surge that he’s tried to blame on the recent war in Ukraine which started long after those consumer costs exploded.
There are warnings of a coming food shortage where some products may not be available for any price.
And the unsettled stock market’s impact on retirees’ savings has been huge, forcing many to return to work.
So a new poll showing that more than 80% of Americans say the Biden economy is “poor or not so good” won’t be catching many people by surprise.
The New York Post reports the Wall Street Journal-NORC poll shows “many are concerned about their own finances amid soaring inflation rates, food and gas prices.”
The poll shows the highest rate in 50 years for people dissatisfied with their own financial situation and, the report explained the poll shows “the share of poll respondents who said their financial situation had gotten worse in the past few years was 38% — the highest since the aftermath of the 2008 global financial crisis.”
Only 27% believed they have a good chance to improve their living standards, down 20 points from only a year ago.
Nearly half of the respondents said they don’t have a good chance of changing their standards of living for the better.
Meanwhile, the Post said, “President Biden said Friday that Americans are more ‘financially comfortable’ and carry less debt since he was sworn into office.” Biden is also on track to be on vacation more than any other recent president, often spending weekends at one of his multiple luxury homes.
NORC officials said the outlook on Biden’s economy is because of his inflation, which hit 8.3% in April, a 40-year high.
The poll itself warned that, “Americans are deeply pessimistic about the U.S. economy.”
It said Americans are “in a sour mood and registering some of the highest levels of economic dissatisfaction in years.” ##
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Next up is our daily business news recap of yesterday evening’s market report, related left-right headlines, and manufactured housing connected equities.
The Business Daily Manufactured Home Industry Connected Stock Market Updates. Plus, Market Moving Left leaning CNN and Right-leaning (Newsmax) Headlines Snapshot. While the layout of this daily business report has been evolving over time, several elements of the basic concepts used previously are still the same. For instance. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market-moving’ news items.
“In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. To return to this page, use your back key, escape or follow the prompts.
“Survey 85 Percent of Americans Concerned About Inflation, Credit Card Interest Up by 3.3” said a headline on Breitbart. ‘Core retail’ inflation was announced on 4.12.2022 as 8.5 percent. Some commentators are saying that the actual rate of inflation in the U.S. is more like 15 to 20 percent. As the value of the dollar erodes, that impact should be considered when looking at stock market performance. Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. To return to this page, use your back key, escape or follow the prompts.
Headlines fromleft-of-center CNN Business – from the evening of 6.9.2022
Nosedive
Stock information in a window of the Nasdaq MarketSite in New York, US, on Tuesday, May 31, 2022.
Americans lost half a trillion dollars in wealth in early 2022 as the stock market plummeted
220 CEOs demand action from the Senate to reduce gun violence
FTC chair issues a warning shot to the tech industry
Sheryl Sandberg’s Meta departure is the death knell for Lean In
Credit Suisse CEO blasts ‘really stupid’ takeover rumor
Could stock trading fees make a comeback?
Beware: Companies that hold your crypto aren’t insured the way banks are
Freeport LNG explosion raises risk of European winter energy crisis
Iconic Italian dish highlights food crisis fueled by Ukraine war
Why gas prices are near $5 a gallon and how high they’ll go
An electric car finally makes financial sense
Opinion: Inflation is painfully high, but it should ease soon
Manhattan median rent hits new high of $4,000 a month
Silicon Valley braces for the good times to end
Judge dismisses sexual assault lawsuit against former ‘Good Morning America’ boss Michael Corn
A model of the proposed paint scheme of the next generation of Air Force One is on display during a meeting between U.S. President Donald Trump and President Sergio Mattarella of Italy in the Oval Office of the White House October 16, 2019 in Washington, DC.
Trump’s Air Force One plan has a paint problem (among many other issues)
In an aerial view, single family homes are shown in a residential neighborhood on May 10, 2022 in Miami, Florida.
Mortgage rates jump, jacking up monthly payments for new buyers
The 68,000 square foot Huy Fong Foods, Inc. Sriracha hot chili sauce plant shown in April 2014.
Sriracha shortage: What you need to know
JOBS
Boeing hosted a career event on May 25 at the Hyatt Place Hotel Titusville / Kennedy Space Center to fill 70 new positions, with most of them in Brevard County. The jobs they are hiring for include Engineering ,Technology, and Structural Design professionals to work on multiple programs. The salaries for available positions range between $70,000 and $ 120,000 a year.
US employers added 390,000 jobs despite fears of slowdown
Job scams are on the rise. These are the red flags
America’s employers keep hiring despite high costs
Got a job offer? Now it’s time to negotiate
It’s so hard to find workers that employers have essentially stopped firing people
AT THE MOVIES
A Tyrannosaurus Rex menaces the theme park's first customers in a scene from the film 'Jurassic Park' (1993).
Which Jurassic Park film has roared loudest at the ticket booth?
Which Tom Cruise film made the most at the ticket booth?
‘Top Gun: Maverick’ soars to big second weekend
Watch: ‘Avatar: Way of Water’ trailer has dropped
Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
DOJ Objects to Navarro’s 45-Day Delay, Claims He Lied in Filing
Former Trump White House official Peter Navarro gestures on Friday as he leaves federal court in Washington. Navarro was indicted on contempt charges after defying a subpoena from the House panel investigating the Jan. 6 attack on the U.S. Capitol. (AP)
Russian Invasion of Ukraine
Russian Priest Arrested, Told Soldiers They’re Going to ‘Hell’
Ukraine’s Zelenskyy Imposes Sanctions on Putin and His Allies
Putin Compares His Actions to Peter the Great’s Conquests
Zelenskyy: Russian Port Blockades Threaten Millions With Starvation
Putin: No Iron Curtain Will Close Off Russia’s Economy
Putin’s Annual Call-in With Russians Postponed
Polish President: Calls With Putin Like Speaking to Hitler
Russia’s Navalny Scolds Google and Meta for Helping Putin
Ukraine: Troops Hold on Sievierodonetsk, Advance in South
Grinding War Raises Fears Russia Will Institute Draft
More Russian Invasion of Ukraine
Newsmax TV
Paul: Added Jobs an Economic ‘Red Herring’ | video
Lankford to Newsmax: Jan. 6 Panel Wants to ‘Script’ History in Hearing | video
Obernolte: Biden Shows ‘No Resolve’ on Border | video
Zeldin: WH Subtly Encouraged Violence on Justices | video
Mike Johnson: Dems Sending Message on Justice Threats | video
Rosendale: Farming Costs Will Spike Food Prices This Fall | video
Comer: Dems Trying to ‘Politicize’ Uvalde | video
Jim Jordan: Jan. 6 Panel Wants to Bar Trump From 2024 Run | video
More Newsmax TV
Newsfront
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If it is true, then it isn’t necessarily bragging. By checking the facts and following the money trail, even on controversial topics, MHProNews has provided reports and analysis that stand the test of time. While others – including various examples from mainstream media – have published reports that later need to be corrected or modified in significant ways, reports on MHProNews in recent years have provided a routinely dependable resource for reliable information, analysis, and evidence-based ‘logical’ commentary. There is simply nothing else like it, which is why we have been and remain the #1, despite coverage that often vexes the powers that be in manufactured housing.
Manufactured Housing Industry Investments Connected Equities Closing Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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.
In cases such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. To return to this page, use your back key, escape or follow the prompts.
2022 …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 have completed over a dozen years of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
It is now 12+ years and counting…
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.
All on Capitol Hill were welcoming and interested in manufactured housing related issues. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included a copy of the Constitution of the United States and other goodies. Tamas has grown considerably since this photo was taken.
By L.A. “Tony” Kovach – for MHProNews. Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition 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.
