Periodic readers of this business-nightly feature should note there are new tweaks to some of the standard portions of our evening market/investing report. Read carefully as some changes of the ‘standard text’ that follows before our left-right headlines and also in other features near the end of tonight’s reports.
Every evening our headlines that follow provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get ‘insights-at-a-glance.’
This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing” ©.
We begin with headlines left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.
Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.
Newsy, Peeling Back Media Bias, Manufactured Housing Sales, Investing, Politics, and You
Headlines from left-of-center CNN Business
- The Dow makes history again
- LIVE UPDATES The Dow posts its second-best point gain ever after Biden’s primary wins
- Oil consumption just fell off a cliff. OPEC is facing a huge test
- The Fed might have to cut interest rates all the way to zero
- Analysis: Wall Street wants Donald Trump, but it could live with Joe Biden
- Another bad sign for the economy: Travel stocks are plunging
- Warren Buffett has the right answer to crony capitalism: women
- Opinion: Coronavirus will wreak havoc on the US economy
- A guide for waiters and restaurants navigating coronavirus
- GM’s new electric car battery tops Tesla’s
- ‘Love Is Blind’ could help Netflix dominate reality TV
- Honeywell is rolling out a supercomputer to take on Google and IBM
- Bloomberg News staffers breathe a sigh of relief after Mike Bloomberg drops out
- Stocks are overvalued, Anthony Scaramucci says
- Release of new James Bond movie delayed due to coronavirus concerns
- BMW redesigns its iconic logo
- JPMorgan asks thousands of employees to work from home
- How to stay productive when you work from home
- These employers don’t care when or where you work
- At this company, everyone works remotely
- The downside of working from home
- SHOPPING FOR A NEW HOME
- Mortgage rates were already at record lows. Now they could go even lower
- How to sell your ‘ugly’ house when no one is biting
- Home renovations that are and aren’t worth the cost
- Thinking of buying a home in 2020? Read this first
- Why people are buying vacation homes — before they’ve even bought a first home
Headlines from right-of-center Fox Business
- Dow surges over 1,150 points after Sanders’ Super Tuesday flop boosts health care
- Former Vice President Joe Biden had secured about 453 delegates on Super Tuesday, compared with 382 for Sen. Bernie Sanders.
- Why health insurers scored big victory with Super Tuesday results
- Congress reaches deal on funding coronavirus response as US cases surge
- Virus causes $47 billion drop in world exports
- Coronavirus pauses work at F-35 jet assembly facility in Japan: Pentagon
- How much money Bloomberg blew on his failed presidential campaign
- Bloomberg may keep paying campaign staff after dropping bid
- GM rolls out 13 electric vehicles, battery tech as it tries to run with Tesla
- Have Democrats finally accepted the truth about socialism?
- ‘Jeopardy!’ host Alex Trebek speaks on battle with advanced pancreatic cancer
- Sanders goes off on Biden after Super Tuesday miss
- K-pop’s ‘Black Swan’ signaled coronavirus selloff
- Tom Brady free agency prompts NFL frenzy
- Mike Bloomberg endorses Joe Biden — here’s what that could mean
- Jeff Bezos spotted enjoying hot date night as coronavirus strikes Amazon
- FBI going after cyber criminals’ tools amid devastating attacks
- Toyota recalls 1 million more cars
- Elizabeth Warren ‘assessing path forward’ after dismal Super Tuesday
- Food-for-one restaurant dining on the rise
- What the coronavirus outbreak means for home loans, mortgage rates
- Where Hollywood elites go to totally unplug from technology
- Private island hits market for $4.9M
- Highest tax refunds in these states
- Fiat Chrysler US sales chief is leaving after he sued the company
- Twitter testing disappearing tweets
- Some pacemakers, ultrasounds vulnerable to hackers, FDA warns
- James Bond ‘No Time to Die’ debut delayed over coronavirus
- Noose placed on Wisconsin brewery shooter’s locker in 2015
- Coronavirus fears reportedly spur law firm changes
- ViacomCBS puts Simon & Schuster, publisher of Stephen King and Bob Woodward, up for sale
- Kim Kardashian arrives at White House for meeting with Trump
- ‘Squeegee kids’ in this major US city find work at stoplights
- What Bloomberg’s massive campaign spending would cost the average American
- When the coronavirus could topple toy industry
- Emails ‘contradict’ prosecutors’ prior statement in cheating scandal: judge
- Joe Biden roars back with string of Super Tuesday victories
- 2020 CAMPAIGN
- Joe Biden roars back with string of Super Tuesday victories
- States scramble to prepare ahead of food stamps rule change
- PHOTOS: Deadly Tennessee tornadoes leave trail of destruction and heartbreak
- Blue Apron mixing up meal-kit market after billion-dollar dip
- Shut-out Elizabeth Warren finishes third in home state — what’s next for her?
- Robert Durst back on trial for murder
- Varney: Sanders will lose Democratic nomination after creating havoc
- Joe Biden promises cancer cure, jabs Wall Street
- WATCH: MTA workers scrub subways, stations as virus cases multiply in US
- How lower mortgage rates impact homeowners
- GM rolls out 13 electric vehicles, battery tech as it tries to run with Tesla
- Coronavirus may force OPEC oil production cut
- Terrified companies hit travel companies as virus forces cancellations
- Ikea recalls over 800,000 dressers that may pose threat to children
- Melania Trump honors International Women of Courage Award recipients
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
CNN Business said on 3.4.2020 that “The half a percentage point cut by the Fed on Tuesday brings the benchmark interest rate range down to 1% to 1.25%. That cut, along with a rock-bottom 10-year Treasury yield, means mortgage rates are poised to head even lower.”
Mortgage rates have been hovering near historic lows. Rates fell last week to an average of 3.45% for a 30-year fixed rate mortgage and 2.95% for a 15-year fixed rate mortgage, per Freddie Mac.
“It’s definitely a good time for someone looking to buy a home to get financing,” said Mark Hamrick, senior economic analyst for Bankrate. “Home prices have risen, and it is rough for those looking for a bargain, but the financing has gotten better.”
“If you’re trying to look for the silver lining in the midst of the current climate,” said Hamrick, “the mortgage interest rate is close to the top of the list.”
Finance rates, terms, available inventory and prices are the routine factors that impact housing. Per the National Association of Realtors (NAR) is the following data.
NAR’s economic snapshot, per federal sources, for 2019 is shown below.
Their 1 page economic summary, which includes housing and economic projections is linked here. By contrast, is the latest data on HUD Code manufactured homes, which reflects an increase over the same month in 2020. But 2019 also closed down vs. 2018, so the ‘bounce’ is somewhat skewed.
What the industry has to consider is why there is ample financing for conventional housing, RVs, automotive, marine and an array of big ticket sales items.
Why is there such a choke point on lending for manufactured homes?
What has lending and other moat tactics resulted in?
See the related reports below for more.
Related 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).
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Winter 2020…
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 now celebrated our tenth anniversary.
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.
(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.
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