That said, the video discussion on the housing builders’ correction below is meant to spark thought, as to what these market moves could mean for manufactured housing.
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:
- Martin Shkreli must forfeit $7.4 million, including infamous Wu Tang album
- Stocks soar as trade war fears ease
- Oscars get lowest ratings in show’s history
- United tried to replace bonuses with a $100,000 lottery
- Tech companies take the FCC to court over net neutrality
- A Trump trade war would hit red states hard
- Bentley reveals first plugin vehicle
- Amazon wants to be your bank too?
- Walmart is bringing meal kits to thousands of stores
- ESPN’s new boss is Disney executive James Pitaro
- Five changes that would improve Oscar ratings
- The ’emotional tax’ afflicting women of color at work
- Why Italy won’t get the universal income it was promised
- US delays Qualcomm board meeting to review Broadcom bid
- Oscars winners list is still a boys club
- This Indian airport will fly you to the terminal for $65
- Young Dreamers determined to go to college
- What’s an inclusion rider? What Frances McDormand meant
- This college tax credit saved the typical American family $2,277
- Crackdown fears force Indian cryptocurrency exchanges to close
- Are stock buybacks deepening America’s inequality?
- China’s global trade plan is piling huge debt on smaller nations
- Jimmy Kimmel roasts Weinstein and pays tribute to Time’s Up
- Here’s what corporate America is saying about Trump’s tariffs
elected headlines and bullets from Fox Business:
- Dow surges 337 points as Trump tweet eases trade worries
- Trump tariff: President says he’s not ‘backing down’
- Trump: Tariffs on Canada, Mexico removed if new NAFTA deal reached
- Trump tariff on steel and aluminum: winners and losers
- United Airlines bonus program on ‘pause’ after worker outcry
- US oil production will lead world by 2023: IEA
- Shkreli must forfeit $7.36M in assets that may include Picasso, Wu-Tang Clan album
- Retail Apocalypse: 23 big retailers closing stores
- Walmart is now in the meal kit business, rocking rivals
- Millennials scammed more than boomers, silent generation in 2017
- Gasoline prices at the pump spike in 25 states: AAA
- Tax reform: No noticeable paycheck changes? Here’s why
- PayPal files bitcoin-related patent that could speed transactions
ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
Reports, Reflections on Media Tilt, Bias, Ignorance, and Manufactured Housing
Today’s markets and stocks, at the closing bell…
S&P 500 2,720.94 +29.69(+1.10%)
Dow 30 24,874.76 +336.70(+1.37%)
Nasdaq 7,330.70 +72.84(+1.00%)
Russell 2000 1,546.05 +12.88(+0.84%)
Crude Oil 62.60 +1.35(+2.20%)
Gold 1,320.60 -2.80(-0.21%)
Silver 16.44 -0.03(-0.16%)
EUR/USD 1.2334 +0.0017(+0.14%)
10-Yr Bond 2.88 +0.02(+0.84%)
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 –
“After a stellar performance in 2017, the home construction ETF (ITB) is in correction territory, but one technician believes this might just be your best time to buy the group,” says CNBC’s Trading Nation.
“We’ve corrected right back to a good identifiable support, the 200-day moving average,” Craig Johnson, a senior technical research analyst at Piper Jaffray, said bet on a comeback for homebuilders. “I suspect that’s the spot where perhaps a little bit more rational thinking comes in and we see a bit of a relief rally or perhaps more start to unfold.”
But there are other views, besides the these. MHProNews recently spotlighted concerns by the NAR, which is linked below.
“Starting” Dip in Home Sales, New Crisis Says Housing Experts
These could – in theory – be reasons for manufactured housing to cheer. But an MHI only member builder told MHProNews today something the Daily Business News has noted before. If you subtract out homes being sold by producers going into communities, mostly as rentals, the industry remains flat.
The Masthead
‘Over Target’ Reactions, WHA Exec (ret) Ross Kinzler, Won’t Defend MHI Policies & Points to Prior MHI Failure, Ross Kinzler, Amy Bliss, George Allen, Rick Robinson, Tim Williams, Richard Dick Jennison, Daily Business News, Masthead blog, MHProNews,
It’s a vote of no confidence in the ‘leadership’ being shown in Arlington, which is busy cheer-leading instead of problem solving, says another MH production source.
It today’s closing numbers indicate some manufactured home producers are at or near 12 month highs. That doesn’t disprove the MHI member producer’s concern, but it is a reminder that at least for now, there is growth.
Tomorrow, the January 2018 HUD Code housing production report is expected. Stay tuned.
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
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.)
