The Texas Manufactured Housing Association (TMHA) has for some years provided useful data on shipments in their state. As the largest state for the production and shipments of new HUD Code manufactured homes what happens there can be somewhat of a bell weather for others. Thus, as MHProNews noted during 2019, when Texas’ shipments nose-dived vs. year-over-year results for 2018, it was reasonable to think that would have some echo in the national data. While it wasn’t a perfect correlation, Texas being done did result in the U.S. being down in year-over-year results.
The TMHA in a release to MHProNews has produced their statistical results for February 2020, which are expected to be out nationally in the next few days. Additionally, they’ve produced a new item which will reflect a ‘basket’ of HUD Code manufactured home firms that are publicly traded that covers the month of March. Both of those will be found in our featured focus this evening.
Last but not least, starting with this evening’s report, there will be a transition on the writer for this content. More on that in the days ahead. Fear not – the information will be much the same as before. Expect some tweaks in the format on some of introduction materials soon. But the graphics and data will be the same as we’ve exclusively provided the manufactured home industry for years.
The left-of-center Boston Globe editorial board says that President Trump has ‘blood on his hands’ due to the handling of the COVID19 outbreak. Right-of-center Bill O’Reilly counters by saying that every year 50,00 studies are put out by the federal government. The implication is that no one can keep up with the sheer volume of research reports.
While MHProNews has noted research ‘germ-war’ games like the 2019 Crimson Contagion – there have been others going back in time for both Democratic and Republican administrations. It was during the Obama Administration that Bill Gates issued his now viral warning during a Ted Talk. These are issues we’ve previously explored and will continue to probe as mitigation moves toward the inevitable investigations and blame games in Washington and beyond.
Every Business Evening – Headline Insights-at-a-Glance.
Every weekday night that the stock markets are open, we provide headlines from left-of-center CNN followed by right-of-center Fox Business. It is sometimes surprising how much 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
- The hunt for groceries
- Here’s why you can’t find what you want on shelves in stores
- The world could soon run out of space to store oil. That may plunge prices below zero
- LIVE UPDATES Stocks close out a dismal day
- Investing: How some investors have profited from the stock market’s losses
- China’s economy: Growth could be entirely wiped out
- Disappearing dividends: The next hit to your retirement fund
- Economist: The relief package turned out better than I thought it would
- Jobs: What does it mean to be furloughed?
- Opinion: What Trump can do now to rescue America’s factories and farms
- Travel: Airlines will offer fewer choices and higher fares after this crisis
- OTHER TOP STORIES
- In this Sunday, March 15, 2020, photograph, a long row of unsold 2020 Ram pickup trucks sits at a Dodge dealership in Littleton, Colo.
- Car sales are plunging in the US because of coronavirus
- Booze sales are booming but it may not last
- This is no April Fool’s. British American Tobacco is trying to make a coronavirus vaccine
- One block in America. Six businesses on the brink
- The doctor will see you now…in your living room
- N95 masks are scarce, and scammers know it
- The $94 billion fitness industry is reinventing itself
- What the pandemic means for your Easter food shopping
- Marriott discloses data breach possibly affecting over 5 million customers
- HELPING THE COMMUNITY
- Major Bobby Reed from the Bourbon County Sheriff’s Department in Kansas buys and delivers groceries for vulnerable residents during the coronavirus pandemic, on March 30, 2020.
- Coronavirus is placing these officers in a new role — grocery deliverers
- Doctors use TikTok to share coronavirus news
- New Facebook feature lets neighbors help each other
- Michelin-starred restaurant feeds vulnerable people
- Crocs donating its shoes to health care workers
- Shoppers browse items inside a Grocery Outlet Holding Corp. store in San Francisco, California, U.S., on Thursday, June 20, 2019. Grocery Outlet Holding rose in its trading debut after raising $378 million in an above-range initial public offering. The discount supermarket chain's shares, which rose as much as 43% Thursday, closed up 30% to $28.51, valuing the company at $2.44 billion.
- How the ‘TJMaxx of groceries’ is succeeding right now
- Egg prices are skyrocketing
- How grocery stores restock shelves in a pandemic
- The pandemic’s newest shortage? Coconut water
- The coronavirus outbreak will change the grocery industry forever
Headlines from right-of-center Fox Business
- Dow drops nearly 1,000 points as America’s coronavirus crisis surpasses 200,000 cases
- The Dow Jones Industrial Average plunged over 973 points or 4 percent, while the S&P 500 and Nasdaq Composite fell 4.4 percent.
- ‘Hard days’ ahead in coronavirus pandemic as Trump extends guidelines
- How many jobs private employers slashed in March before shutdowns
- Coronavirus pandemic zaps oil demand
- Trump rejects opening ObamaCare enrollment for uninsured Americans
- Trump, oil CEOs meet during coronavirus pandemic as crude tumbles
- How to get your coronavirus stimulus check
- What to do if you can’t pay rent, mortgage
- FBI: Don’t fall for this Costco scam
- The best way to disinfect your car
- How to file for unemployment
- FULL LIST: Businesses still open
- Help wanted: These companies are hiring
- Can businesses skip rent in April?
- Smartest ways to spend virus relief check
- Comparing the two main loan programs
- What it means to be ‘furloughed’ vs. fired
- 7 quick ways to shed financial risk now
- Pence tells FOX Business how America’s food supply is holding up
- T-Mobile-Sprint merger completed
- Why Home Depot is halting sales of coronavirus N95 mask sales
- Truck hauling toilet paper catches fire on Texas highway: VIDEO
- Senators push for wider coronavirus mask use
- Bill Gates: 3 steps to beat coronavirus
- Rural areas fear spread of coronavirus as more hospitals forced to close
- NYC coronavirus death toll passes grave milestone
- PEOPLE ARE DYING
- High-end, Luxury shops appear worried about looting in coronavirus shot down
- Coast Guard orders cruise ships to wait out virus pandemic indefinitely
- Barter system returns as coronavirus leaves store shelves empty
- Bond King Jeffrey Gundlach’s signal that market is overwhelmed
- T-Mobile goes unlimited as coronavirus crisis destroys millions of jobs
- Wolfgang Puck urges coronavirus relief for restaurants: Insurers refuse to pay
- New coronavirus test delivers results within 15 minutes
- Coronavirus inspires ‘Harry Potter’ author JK Rowling to launch online initiative
- WATCH: Why Fed president is hopeful about coronavirus recovery in Q4
- Police receive coronavirus-positive residents’ addresses in these states
- Varney: Personal attacks on Trump are last thing we need
- Airbus scales up production in coronavirus pandemic
- Ted Cruz, Republicans: Coronavirus ‘Phase 4’ stimulus bill can wait
- Macy’s booted from S&P 500
- Coronavirus outbreak leaves many struggling to pay April rent
- ‘The Price is Right’ attracts biggest audience in years
- These states projected to fare best in virus-induced recession
- Oil’s record coronavirus slide is nowhere near bottom
- Coronavirus hits at least 19 Amazon warehouses
- Whiting Petroleum files for bankruptcy during coronavirus pandemic, oil price plunge
- US prosecutors probe former Wells Fargo executive over scandal: Report
- The prosecution of Wells Fargo executives who oversaw the bank’s activities is seen by lawmakers and investors as one of the final pieces of the scandal’s fallout for the bank.
- Adidas apologizes for deferring store rent, will pay up
- States most vulnerable to coronavirus-driven economic hit
- Ex-Fed chair: Here’s what could derail economy’s recovery from virus damage
- Express forced to furlough most store workers, pause pay
- Bond King: Stocks still haven’t seen worst of coronavirus crisis
- Companies meet coronavirus-driven demand with trade war stockpiles
- New York City investigates Amazon after worker allegedly fired for staging walkout
- Census Day arrives as coronavirus weighs on US
- NFL relying on tape as coronavirus alters teams’ pre-draft routine
- Coronavirus quarantines fuel surge in US alcohol sales
- Trump says next virus stimulus should ‘redo our roads, our highways, our bridges’
- As oil tanks, Trump talks with Russia’s Putin, Saudi Arabia’s crown prince
- US will allow oil companies to lease space in emergency reserve
- Japan’s business mood hits 7-year low as virus revives deflation specter
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
From the TMHA today are the following pull quotes and data-points.
“With factories continuing to operate in March and working off of backlogs, we expect March shipments to remain fairly strong. Our forecasting model has March shipments at 1,540 homes, but it has no understanding of the economic disruption caused by the COVID-19 outbreak currently putting much of the US and global economy on ice for the foreseeable future.
No one knows exactly how this will all play out and what the ramifications for the Texas economy will be.
The Dallas Fed’s Manufacturing Outlook Survey plummeted in March.
Crude oil was trading at $20 on Monday, which the Fed expects to cause Texas to lag the nation in job growth while prices remain below the breakeven mark of $49 a barrel.
And Gov. Abbott issued an executive order yesterday requiring residents to remain at home except for “essential services and activities only” until April 30.
But the industry came into this fight running at full speed. We have advocated to ensure that factory-built residential construction is considered an essential service and we have already heard from member manufacturers that they are fulfilling orders to build emergency units to help our health care professionals in their heroic effort to treat COVID-19 patients.”
The following snapshot from the TMHA reflects the plunge in values on a basket of publicly tracked stocks. It summarizes the point that our broader evening stock graphic further below details with by-the-stock precision.
MHProNews Analysis and Commentary
The TMHA is arguably correct in saying that what is ahead is to an extent unknown. But reports from various parts of their state and the nation are signaling what the markets are. Namely, that a dive is ahead, the question is ‘how deep?’
Here is the tragedy. Had the leadership of the manufactured housing industry’s larger corporate players promoted the industry’s growth going into the years before this pandemic, manufactured housing would have been poised to have grown instead of shrink the aftermath of this kind of crisis. For years, MHProNews has warned that underperformance could prove costly. On our MHLivingNews website, we organized reams of data and expert insights that if the powers that be had done similarly, the industry could be soaring instead of snoring. Quotes like these are eye opening, but it is only so for those who see it.
The failures of the powers that be is unconscionable. Those that are cheer leading for them are part of the problem instead of being part of the solution. See the related reports for more.
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).
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our tenth anniversary and is in year 11 of publishing.
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
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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.
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach