The evolving Daily Business News market report sets the industry’s stocks in the broader context of the overall market stocks.
By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.
Readers say this is also a quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.
MH “Industry News, Tips and Views, Pros Can Use.” ©
Selected headlines and bullets from CNN Money:
- Venezuela’s hyperinflation is jaw dropping
- Did Martin Shkreli commit fraud? That’s now up to a jury
- Should you outsource your work wardrobe?
- Another black eye for Wells Fargo
- Tobacco stocks crushed as FDA targets nicotine
- Austin pulls Ford Explorers from police fleet
- A socially responsible way to bank, save and invest
- How a hacker could take down the electric grid
- Americans are spending more money after they retire
- NYT says goodbye big names amid newsroom tension
- Brexit may not be complete until 2022
Selected headlines and bullets from Fox Business:
- Trump’s MS-13 crackdown: Why progress may be temporary
- S&P lower as Amazon, tobacco stocks drag; Dow, Nasdaq flat
- Oil jumps to 2-month high, heads for biggest weekly rise of 2017
- Bad news if you make $150,000 to $300,000: Higher taxes for many
- Japan hits U.S. with 50% tariff on frozen beef
- Venezuela: Some multinational companies undeterred by political, economic turmoil
- Tesla tax credits running out as Model 3 arrives
- Warren calls on Fed to remove Wells Fargo board members
- S. government ordered to solve ‘Case of the Incredible Shrinking Airline Seat’
- US government delays Obama earnings-stripping rule deadline
- Cheap eggs flood US grocery stores
- Congressman becomes first Democrat to declare 2020 presidential run
- Starbucks shares sink, scrapping all Teavana stores
- Giants WR Odell Beckham wants to be NFL’s highest-paid player
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 2,472.10 -3.32 (-0.13%)
Dow 30 21,830.31 +33.76 (+0.15%)
Nasdaq 6,374.68 -7.51 (-0.12%)
Crude Oil 49.73 +0.69 (+1.41%)
Gold 1,268.70 +8.70 (+0.69%)
Silver 16.72+0.15 (+0.89%)
EUR/USD 1.1753 +0.0076 (+0.65%)
10-Yr Bond 2.29 -0.02 (-0.91%)
Russell 2000 1,429.26 -4.36 (-0.30%)
Today’s Big Movers
Sun and ELS led the gainers.
UFPI, CG lead a broad range of decliners.
For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report – UMH in the Spotlight
Almost since the Daily Business News began publishing on the manufactured housing industry, this trade media has been tracking the performance of the publicly trade Real Estate Investment Trust (REIT), UMH Properties (UMH).
With the growing number of investors who check in here daily, is it any surprise that heavy weights such as Seeking Alpha or Forbes are among those who spotlighting the industry too? When Alpha tagged UMH, it was MHProNews that debunked their concerns – see that report, linked here.
Not that they needed defending, but MHProNews – and our sister site, MHLivingNews – stand for the truth about our great manufactured home industry, including the important community sector. Thus we’ve defended what’s right, while spotlighting what’s wrong or problematic. Thus, one of our slogans – “We Provide, You Decide.” ©
Against that backdrop, here’s what Forbes had to say about UMH, as part of the spotlight on REITs in general.
Forbes Says:
UMH Properties (UMH)
Has Broken Out
“UMH Properties (UMH)
Specialty: Manufactured Homes
Dividend Yield: 4.3%
The flip side of the socioeconomic coin is where UMH Properties (UMH) comes into play.
While many residential REITs are creeping further into the upscale apartment space, UMH Properties serves the middle and lower classes via manufactured home communities.
This REIT spans 19,396 sites across 107 manufactured home communities in the Midwest and East Coast. It also has another 810-plus acres of land in the chamber for developing new sites.
UMH owns what are called “land-lease communities,” where residents not only own or rent homes, but lease the lot itself rather than purchasing it.
These communities often feature amenities such as basketball and tennis courts, fitness centers, swimming pools and even storage areas for boats, RVs and other large vehicles.
A key to UMH’s success has been its focus on providing affordable housing in booming areas, including in and around the Marcellus and Utica shales.
There’s simply monstrous demand for single-family homes, and UMH is providing one of the most affordable options on the market.
UMH is really starting to come into its own, popping 60% since Jan. 1, 2016, after years of range bound trade. That’s not coming on hype, either. Business is booming, with funds from operations jumping from 61 cents per share in 2013 to 74 cents in 2016.
This isn’t the most scintillating business, but it meets a need that other businesses won’t.”
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).
Manufactured Home Industry Connected Stock Markets Data
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, while AMG, CG and TAVFX have investments in manufactured housing related businesses.
You will find only the very best manufactured home industry coverage, every business day. We’re not perfect, but we are by far the best. No one else in covering our industry even comes close. Which is why you and thousands of others join us here, daily.
Thank you for your vote of confidence.
“We Provide, You Decide.” © ##
(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
