But should the MH industry overall be pleased?
It’s been a wildly busy news day on national, political issues impacting the economy, and thus manufactured housing.
Democrats are howling, there will be resistance. But the roll out of the White House backed GOP tax cut and jobs bill could keep the Trump bump in the markets moving ahead.
Some early details of the bill are found below. The Russell 2000, Dow and S&P all reacted positively to the proposals.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.
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.
MH “Industry News, Tips and Views, Pros Can Use.” ©
Selected headlines and bullets from CNN Money:
- Trump nominates Powell for Fed’s top job
- Trump passes over America’s most powerful woman
- Popping the red pill: Inside a digital alternate reality
- Janet Yellen is going out on a high note
- What’s in the House tax bill for people
- Time Warner shares drop on DOJ report
- Russian meddling on Facebook: What we learned
- Robert Mercer says he’ll sell Breitbart stake
- Chief economist: We need more immigrant workers
- Broadcom moving legal headquarters back to U.S.
- Don’t worry, your 401(k) plan is safe
Selected headlines and bullets from Fox Business:
- Trump nominates Jerome Powell to head U.S. Federal Reserve
- Fed nominee Powell: Banks stronger, US close to full employment
- Fed chair nominee Jerome Powell: What you need to know
- Trump’s Fed chair nomination: A look back at the top central bankers
- Powell is not the best choice for Fed chair: Bill Gross
- Dow rises while tax plan weighs on S&P, Nasdaq
- Trump’s tax plan: The major changes
- Apple’s holiday-quarter sales forecast largely above estimates
- ESPN’s new social media policy warns against political bias
- The estate tax will be dead by 2024 if GOP tax plan passes
- Trump touts Broadcom’s return to the US
- Dairy Queen closes 22 locations after franchisee files for bankruptcy
- Pizza Hut: NFL protests aren’t impacting sales
- Will Time Warner, AT&T need to kiss CNN goodbye for deal closure?
- Bitcoin: What you need to know
- GOP tax bill: Here is a look at the new brackets
- Mnuchin, small business groups clash over tax plan benefits
ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
Today’s markets and stocks, at the closing bell…
S&P 500 2,579.85 +0.49(+0.02%)
Dow 30 23,516.26 +81.25(+0.35%)
Nasdaq 6,714.94 -1.59(-0.02%)
Crude Oil 54.72 +0.42(+0.77%)
Gold 1,276.90 -0.40(-0.03%)
Silver 17.12 -0.05(-0.30%)
EUR/USD 1.1656 +0.0033(+0.28%)
10-Yr Bond 2.35 -0.03(-1.22%)
Russell 2000 1,496.55 +3.77(+0.25%)
Manufactured Housing Composite Value
Today’s Big Movers
For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report –
Builders, NAR React to GOP Tax Plan Rollout
Builders and the National Association of Realtors (NAR) weren’t all smiles. In fact, pricy home builder stocks dipped today. Per Business Insider, here’s why;
• The full Republican tax plan, unveiled Thursday, was rejected in various corners of the housing market.
• At issue is the mortgage-interest deduction, the cap for which would be halved, to $500,000. This could reduce the benefit of the deduction outside of more-expensive housing markets and hurt home prices, trade associations said.
• “You’re talking about potentially causing housing recessions,” the CEO of the National Association of Home Builders told Business Insider. The National Association of Realtors said the legislation confirmed its biggest concerns.
• An exchange-traded fund that tracks the stocks of homebuilders had its biggest decline in a year.
The National Federation of Independent Business (NFIB) also said they’d like to see “more” to help small business.
But should the manufactured home industry, which sells at a much lower price point be concerned? The Daily Business News sees this as pro-growth, will boost incomes for the middle class, will lead to more jobs and hirer wages and thus and thus should overall be good for the manufactured housing industry.
As we’ve reported, economist Larry Kudlow saying recently, this can be seen as a first step in tax reform, not a final step. Getting this done this year, could lead to more down the road. The maxim here should be, “Don’t let the perfect be the enemy of the good.”
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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).
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 all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
Your link to a recent round of 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.)
(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
