President Donald Trump takes a bow with Jay Timmons, president and CEO of the National Association of Manufacturers (NAM). General and manufactured housing specific reports indicate that the 45th president’s tax reform plan are helping to grow manufacturing, increase jobs, and are causing new production centers to open. That will be our focus tonight.
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.
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Selected headlines and bullets from CNN Money:
- Walmart figured out its Amazon strategy. So why’s the stock down 13%?
- The future of CBS may be decided this week
- House clears path to roll back post-crisis banking rules
- Morgan Stanley thinks it knows when the bull market will end
- In the midst of the retail apocalypse, one department store is doing well
- How ‘no-fault’ attendance policies can put companies and workers at risk
- Tax cut will drive innovation, ex-Home Depot CEO says
- It’s tough to be a homebuyer in Seattle
- Lachlan Murdoch, not James, will lead new Fox company
- Carolina Panthers sold to hedge fund founder
- Novartis top lawyer quits over Cohen payments
- 10-year Treasury yield spikes, spooking the stock market
- Pacific: Seattle-Amazon tax fight is a lose-lose for everyone
- Starbucks slams Seattle’s new big business tax
- Taiwan slams global brands for siding with China
- Japan’s big growth streak just came to an end
- China is getting nearly 3,000 new Starbucks
- China’s ride-hailing market is worth more than the rest of the world combined
- Trump talks trade with China as project linked to his company gets Chinese business
- Executives sound off on Trump’s proposed China tariffs
- 4 steps you should take when buying an annuity
- What are the best annuities for you?
- Airbus and Boeing each claim WTO decision as a win
- Fox News settles swath of lawsuits for around $10 million
- Check out how much Medicare spends on drugs
Selected headlines and bullets from Fox Business:
- What Seattle ‘head tax’ will cost Amazon
- Apple stock reportedly falling out of favor
- Vicente Fox: US automakers need NAFTA
- Stocks cautious on North Korea concern
- Colin Kaepernick can score big in NFL collusion case, Judge Nap says
- The ex-49er must prove team owners agreed to keep him off the field because of his politics.
- Billionaire Tim Draper says government will be forced to be ‘virtual’ soon
- Fast-food restaurant owner can’t find teenagers to fill jobs
- Lachlan and Rupert Murdoch to lead new ‘Fox’
- VA whistleblower: Veteran care worse as Trump seeks department head
- Michigan State $500M Larry Nassar settlement: Who will pay?
- Amazon completes HQ2 visits in 20 cities
- Stanford afraid of conservatives speaking on campus: Charlie Kirk
- US manufacturers hiring more, paying more, thanks to tax reform: survey
- Amazon cuts Whole Foods prices for Prime members
Today’s markets and stocks, at the closing bell…
Manufactured Housing Composite Value (MHCV)
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 –
Manufacturing in general, and production and new building centers in manufactured housing in specific has been making news. The growth of all manufacturing jobs is good for the sellers of manufactured housing, as quarterly statements from publicly trade manufactured housing producers often reflect.
The latest data, per a release from the National Association of Manufacturers (NAM), makes it clear that factories are expanding, investing, hiring more, and paying more.
“U.S. manufacturers are hiring more workers, boosting wages and increasing domestic investments following the passage of the Tax Cuts and Jobs Act,” per Fox Business.
According to a survey by the National Association of Manufacturers (NAM) “Seventy-two percent of manufacturers are ramping up workers’ wages and benefits, according to a new survey from the National Association of Manufacturers (NAM). Meanwhile, 77% of survey respondents said they were hiring more workers, while 86% are investing more in plants and equipment.”
Numerous reports of new production centers, and increased production among manufactured housing producers underscores those facts. See an example of linked reports, above the Jay Timmons photo, below
“Manufacturing in America is now rising to new heights, thanks to tax reform, and as a result, manufacturers of all sizes are already investing more, growing more, hiring more and paying more. They are already improving lives and livelihoods,” NAM Board Chair David Farr said in a statement.
Optimism is rising. “More than 93% of manufacturers have a positive outlook on their company’s prospects in the U.S. economy – the second-highest level ever recorded by the National Association of Manufacturers – its most recent quarterly survey revealed,” said Fox Business.
- Wage growth among those manufacturers surveyed last month also rose at the fastest pace in 17 years, despite remaining sluggish in the broader U.S. economy.
- Manufacturers expected full-time employment to increase by 2.9% on average over the next year, an all-time high by the survey’s standards.
Bloomberg Closing Ticker for MHProNews…
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).
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.