“Dear Mr. President, We now need both your public support and the diplomatic efforts of the United States to help keep our city a center of international trade and home for freedom. Mr. President, please help us. A real HongKonger.”
That tweet is found on the Apple Daily Twitter feed. Per their page, “Apple Daily is the largest news media group in #HongKong with live streaming, breaking news and animated news.”
Manufactured housing has numerous suppliers in China. Some of those business contacts with mainland China, per sources, have at various times work through Hong Kong.
The interview above mentions one of the tweets below, which MHProNews has compiled to help shed light on the plight of that city’s struggle for keeping their freedom. On the Global Times twitter feed, “#Breaking: Jimmy Lai Chee-ying, founder of #AppleDaily in #HK, was detained by the #Hongkong police again Saturday morning: HongKong media,” on April 17, 2020. Per Wikipedia, “The Global Times is a daily tabloid newspaper under the auspices of the Chinese Communist Party‘s [CCP] People’s Daily newspaper…” Think of it as the CCP house organ.
That snapshot tees up the fact that there and in various places around the world, the Wuhan Virus is being used as cover for various problematic activities. See the report linked below for more.
With that update, let’s pivot to the first part of our headline, the surprising results reported on mainstream housing activity as the partial shut-down of the U.S. economy is increasingly being lifted. That will be found beyond our left-right headline news snapshot, quotable quotes and U.S. market data at the closing bell.
Quotes That Shed Light…
Headlines from left-of-center CNN Business
- Risking their lives
- CHARLESTON, SC – MAY 13: A security guard takes the temperature of a customer outside the Apple Store on May 13, 2020 in Charleston, South Carolina. Customers had their temperatures taken and were required to wear masks at the South Carolina store, as locations in Idaho, Alabama, and Alaska reopened as well following forced closures due to the coronavirus.
- Security guards are the first line of defense against customers who refuse to wear masks
- People are buying lots of booze, but global alcohol sales are still tanking
- Dow soars 530 points on big hopes for a vaccine and the economy’s reopening
- Why packed beaches and pool parties should worry euphoric investors
- Hertz paid top executives $16 million in bonuses ahead of its bankruptcy filing
- The EU is still divided over coronavirus relief. That could tear it apart
- Stanley Ho, one of Hong Kong’s first billionaires, dies at 98
- Latin America’s largest airline files for Chapter 11
- France to inject almost $9 billion into ailing auto industry
- 43 states have record unemployment. See where your state ranks
- KFC is testing a new chicken sandwich
- Will we ever go back to the office?
- HBO Max: Everything you need to know about AT&T’s new streaming service
- NASA astronauts Doug Hurley and Bob Behnken on January 3, 2020.
- Everything you need to know about SpaceX’s historic astronaut launch
- WASHINGTON, DC – JULY 12: Joe Scarborough and Mika Brzezinski take part in “The David Rubenstein Show: Peer-To-Peer Conversations” at The National Archives on July 12, 2017 in Washington, DC.
- He asked Twitter to remove Trump’s false tweets about his dead wife. Twitter refused
- Tina Marabito, owner of Poppycock Tattoo, sells merchandise from her online shop, including art prints and t-shirts.
- Nail salons, tattoo parlors and barber shops find creative ways to keep earning cash
- A NEW WAY TO WORK
- Facebook Like button sign near the famous social media company's headquarters in Silicon Valley – Menlo Park, California, USA – June 27, 2019
- These companies plan to make working from home the new normal
- Silicon Valley under pressure to pivot to WFH
- 5 tips for acing a virtual job interview
- New Zealand’s prime minister floats 4-day workweek
- Welcome to your new, post-pandemic office
- THE PANDEMIC’S IMPACT ON REAL ESTATE
- Millions of people can barely afford their rent. Covid-19 is making it worse
- Homeowners gett mortgage relief they didn’t want
- Existing home sales plunged nearly 18% in April
- Landlords are bracing for a wave of rent defaults
- What to know about delaying your mortgage payments
Headlines from right-of-center Fox Business
- Governor turns on boss: Our state businesses are victims of ‘random’ rules
- President Trump said that the Republican National Convention, which is scheduled to be held in Charlotte, may have to leave the state.
- Michigan gov. caught in controversy over hubby’s alleged boat request
- Dow rockets 680+ points as NYSE trading floor reopens after 2-month shutdown
- Dow rockets 680+ points as NYSE trading floor reopens after 2-month shutdown
- Apple reopening 100+ coronavirus-closed US stores next week
- Whistleblowers have ‘bonanza’ as SEC cracks down on coronavirus fraudsters
- Fed president warns prolonged lockdowns could trigger new Great Depression
- Kudlow to Varney: US willing to pay for companies to pull China supply chains
- This change to NY Stock Exchange shows coronavirus will not kill American dream
- ‘RE-ENTRY ANXIETY’
- Even after states reopen, this lingering force a major economic problem
- FAMILIAR PLAYBOOK
- Workers going after McDonald’s with strategy used to take down topless bars
- GAME ON
- Barkley is ‘100 percent sure’ NBA season will resume
- ANGRY REACTS
- Facebook knowingly encourages political division and execs won’t fix it
- WATCH FOR YOURSELF
- Franklin Templeton employee fired after Central Park video goes viral
- SHOT OF SAVINGS
- Big changes to Medicare could save people hundreds
- ‘SAVE US’
- BUSINESS LEADERS
- Hong Kong mogul: How Trump can hold power-hungry China accountable
- WHEELS UP
- How many Americans flew over Memorial Day weekend
- NOBODY WATCHING
- STREAMING WARS
- Advertisers reviewing Quibi deals after streaming startup’s numbers flop
- BOOK A SPACE FLIGHT
- SPACE BUSINESS
- How much does it costs to leave Earth?
- ‘SIZE’ OF RELIEF
- Air Force waives key pilot requirement
- SUITS UP
- More than 1,350 coronavirus lawsuits filed since start of pandemic
- HBO Max to launch with pre-order discount
- Taco Bell, fast food restaurants hiring for new jobs
- Massive indoor adventure park prepares to reopen across America
- The Doobie Brothers reschedule 50th anniversary tour
- NASCAR driver Joey Logano on the ‘weird’ part about racing without fans
- New parent charged in college admissions case, agrees to guilty plea
- New Jersey partially reopens after coronavirus: Here’s what to expect
- Tax credit to keep Americans employed during coronavirus crisis garners bipartisan support
- Is Amazon’s Ring safe? Here’s what you should know
- Varney: The mainstream media is a disgrace
- NYC violent crime spikes as coronavirus protocols stymie enforcement
- Novavax ‘confident’ in scaling up to 100M vaccine doses by end of year: R&D chief
- Veteran founder of multimillion-dollar company: ‘This is the hardest thing I’ve ever done’
- HEALTH CARE TECH
- LabCorp CEO: Here’s who should be tested for coronavirus (not everyone)
- Boeing and Airbus study how coronavirus behaves during air travel
- Kudlow says Trump wants US economy to reopen ‘as rapidly as possible,’ but in ‘safe way’
- Hong Kong leader: China security law not a threat to freedoms
- CME trading floor’s coronavirus shutdown to last at least 3 more weeks
- Where Americans are spending and saving money in lockdown
- 5 steps to sell your house right now
- FOOD & DRINKS
- Krispy Kreme extends free Doughnut Day to to juice coronavirus reopening
Featured Focus – Where Business, Politics and Investing Can Meet
The following is a release today from the American Enterprise Institute (AEI) Housing Center Direct Edward Pinto to MHProNews. The snapshot will be followed by additional information, plus an MHProNews analysis and commentary.
Week 21 (May 18th – May 22nd, 2020)
Nowcasting is the prediction of present economic trends using alternative data sources that are both detailed and high-frequency. This report uses real-time information on a weekly basis.
The purchase market has achieved a striking degree of normalcy in the past couple of weeks, as evidenced by rate lock volume.
- In a remarkable turnaround, purchase rate lock volume for the week of May 18 (week 21) was up 18% from a year ago, providing further evidence that the worst of the effect of the COVID-19 pandemic lockdown may be behind us.
o Purchase rate lock volume is back to its level from before the onset of the pandemic (weeks 1 to 8) when purchase rate lock volume was up 16% on average compared to 2019.
o Over just 3 weeks, the market has not only returned to normalcy, but is up substantially from weeks 14-18 when the average weekly year-over-year decline was 15%.
o Even volume in states that were lagging behind just last week, such as Pennsylvania or New York, has started to recover. For week 21, the only states more than 6% below last year’s volume are Massachusetts (down 22%) and Hawaii (down 16%).
- National home price appreciation (HPA) appears to be back in the 5-6% range, similar to before the pandemic.
- Purchase credit standards have stabilized after some welcome and appropriately targeted credit tightening, much of which took place in March.
o Credit standards for first-time buyers (FTB) and repeat buyers are tightening at around the same rate since the virus hit.
o The return of borrowers over the last 3 weeks does not appear to have been driven by loosening lending standards.
o Rather, repeat buyers are returning to the market as the share of FTBs has fallen from 49.4% in week 20 to 47.3% in week 21.
- Cash-out refinance rate lock activity was relatively unchanged from the prior week but continues to run well above the pre-crisis period.
Additional Facts, MHProNews Analysis and Commentary
The information from AEI follows on the heels of similar information from CNBC’s Diana Oleck.
Additionally, publicly-traded Legacy Housing’s (LEGH) recent report indicates also suggested a better than expected outcome during the early days of the pandemics economic impact.
The NFIB has also reported a mix of positive and problematic data.
The Manufactured Housing Association for Regulatory Reform (MHARR) took a prompt stance that resulted in a positive outcome for numbers of front-line retailers, transporters, installers and others.
Why didn’t the Manufactured Housing Institute (MHI) – which is supposed to be engaged on post-production issues – do what MHARR did? Dig deeper via the reports linked below.
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.
- 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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Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
http://latonykovach.com Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
AEI Flash Housing Market Indicators