The sheer number of competing narratives at play in U.S. economic, political, legal, and other news might be hard for a visitor from another world to imagine. But it is what it is, and there are therefore reasons for investors, business professionals, and all others to be discerning as they sift through facts, spin, and fiction. We’ll mention anew that such lamentable blather, in a more normal manufactured housing environment, the industry would be soaring. Rightly so. There’s an affordable housing crisis. Manufactured homes are the most proven solution. That said, as other reports on MHProNews or our sister site reflect, a variety of often ‘internally connected’ causes keeps manufactured housing underperforming. That disclaimer noted anew, we will turn this evening to an apt discussion. Based upon the hard data, is there a recession looming just ahead?
Regular readers please note there are fall updates and several more tweaks and changes in some 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.
Headlines from left-of-center CNN Business.
- $90 million a day – BEDFORD, INDIANA, UNITED STATES – 2019/10/04: A member of the UAW Local 440 who work at the General Motors Bedford Powertrain factory picket outside an entrance during the third week of a nationwide United Auto Workers strike against GM in Bedford, Ind.
- The cost of the GM strike is mounting — and there’s no immediate end in sight
- Talks with GM ‘have taken a turn for the worse,’ union says
- Trump’s election year economy will be much worse than he promised, economists say
- The drip, drip, drip of bad news for the US economy continues
- China suspends business ties with NBA’s Houston Rockets over Hong Kong tweet
- ‘Untitled Goose Game’ takes the world by storm
- GE is freezing its pension plan for 20,000 US workers
- Online stock trading is free now. What that means for E-Trade and Charles Schwab
- Road tripping in a $3 million Bugatti
- Opinion: Trump’s new trade deal with Canada and Mexico is just what we need. Democrats should support it
- Content by Wise Bread
- This card is the only one you need in your wallet
- The number of deepfake videos online is spiking. Most are porn
- WhatsApp bug let hackers take over phones with a GIF
- Burberry partners with The RealReal to test reselling high fashion
- Ben & Jerry’s maker pledges to halve new plastic use
- Burger King ditches plastic toys in UK kids’ meals
- World’s largest hotel chain eliminates tiny toiletries
- Facebook bans plastic water bottles in new offices
- McDonald’s new paper straws aren’t recyclable
- ON THE GO – OYO Gresham Hotel in Blackpool with a view of Blackpool Tower
- Indian hotel startup is now worth $10 billion
- Stores in airports are thriving as malls struggle
- Airbnb is selling $5,000 rafting tours and other adventures
- India’s biggest hotel chain is coming to Las Vegas
- How to keep a healthy lifestyle while you travel for work
- WHAT TO WATCH – Facebook CEO Mark Zuckerberg speaks during the annual F8 summit at the San Jose McEnery Convention Center in San Jose, California on May 1, 2018. (Photo by JOSH EDELSON / AFP) (Photo credit should read JOSH EDELSON/AFP/Getty Images)
- Governments urge Facebook to stop encryption plan
- Report: Tesla to open first manufacturing site outside US
- Weak service sector numbers spark concern
- See Microsoft’s new foldable smartphone
- Strategist: Bond market is intimidating policy makers
Headlines from right-of-center Fox Business.
- Pilots slam Boeing for ‘deliberately misleading’ them about safety of jet
- While Boeing hopes to get approval from the FAA to get their planes back in the air by the end of November, Southwest is preparing for the fleet to be grounded through Jan 2020.
- General Electric pension freeze sign of the times for the American worker
- GE announces sweeping changes to pension plan
- Trump threatens to ‘totally destroy and obliterate’ Turkey’s economy
- This might be just the beginning for ‘Joker’
- More flop than flip: Judge halts real estate seminars backed by HGTV stars
- SEE PICS: Secret gambling den built for notorious gangsters hits the market
- 37 states that don’t tax Social Security benefits
- Officials warn hot tubs may be behind deadly bacterial outbreak in this state
- This medicine’s reign as world’s best-selling drug may soon come to an end
- Rachel Campos-Duffy: How to stand up to students’ madness on socialism
- US businesswoman accused of having affair with Boris Johnson breaks silence
- Security scare: How did this passenger board flight without boarding pass, ID?
- Tesla Semi gets ‘real world validation’
- Warren’s new plan takes a shot at federal judges
- Stocks sink on concerns China trade deal slow to come together
- The struggle is real: The costs of long commutes as travel times skyrocket
- Washington Redskins’ multi-million dollar quarterback mess
- WATCH: Larry Kudlow hints a US-China trade deal may finally be within sight
- XFL unveils draft details ahead of 2020 season: What to know
- Varney: Democratic presidential campaigns are in trouble
- Steve Ballmer vs James Dolan feud: MSG fires back at Clippers owner over stadium plans
- Supreme Court to decide if state can use ‘Blackbeard’s law’ to pirate video
- Nissan directors want to know: Who helped former chairman with alleged misconduct?
- When not to upgrade to the new iPhone 11 and why the Apple Watch Series 5 is the best yet
- Could the Oakland A’s be on the move to Las Vegas?
- WATCH: Clinton investigator Ken Starr weighs in on Trump impeachment
- NBA called out for putting profits before human rights in Hong Kong scuffle
- ”Tis the season’: Why government workers blew millions on seafood in one month
- Disney World ‘Skyliner’ closes indefinitely after riders trapped for hours
- Are cheapo millennials a drag on the economy?
- Weekly allowances rising way faster than American wages
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Tonight’s Business/Market/Political Impact Spotlight –
Let’s start with left-of-center CNBC’s bullets and video before turning to our MHProNews snapshot.
- The so-called hard data, which refers to numbers about the economy such as unemployment and retail sales, continues to reflect economic strength.
- However, stocks have struggled in recent months amid disappointing soft data, which includes corporate and consumer sentiment surveys.
- Soft data is often seen as a leading indicator for the economy and the recent batch has stoked fears of a recession as the U.S.-China trade war drags on.
- But those fears may be overblown as the hard data shows the U.S. economy remains strong.
MHProNews has said for some time that the economy is sound, citing similar ‘hard data’ as CNBC did this evening.
While there is a global economic slowdown, due in part to trade and other uncertainties, the U.S. is in an overall good spot, as we have also reported in recent weeks.
There are several things that needed to be accomplished during the Trump Administration. Some has been accomplished, some is ‘in process,’ others are awaited and could be debated in a variety of ways.
That said, the overall strong economy ought to be a reason for manufactured housing to be soaring. For those with a good memory, jump back in time a few years pre-Trump Administration. More than one ‘investor relations’ report pointed to economic weakness as some of the reasons for below normal manufactured home sales. That was arguably nonsensical then, even if they believed it, but even more apparently so now. How so?
The primary premise of manufactured housing is precisely the point that manufactured homes are affordable. The data all suggests that manufactured housing ought to be doing record numbers.
See the related reports, 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).
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
“We Provide, You Decide.” © ## (News, analysis and commentary.)
(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)