Patrick, NorthStar Realty Lead Manufactured Housing Comp Value, Broader Markets Slip on Profit Taking

Credit: CNN Money.

Noteworthy headlines on CNNMoney – U.S. manufacturing job openings at 2007 levels. Hyundai fires its U.S. CEO. Trump forms new trade council to stop “exodus of jobs.” Twitter executive exodus put pressure on Dorsey.

Some bullets from MarketWatch – Fake day trading firm alleged to have pocketed $1.4 million. Ray Dalio: The shift under Trump could be more significant than under Reagan. The most popular house on Trulia this year is only 196 square feet. Existing-home sales edge up to a 9-year high in November.

Oil down 1.44%. Gold down 0.05.

Three Major U.S. Market Tickers and closing numbers at the bell today…

S&P 500 2,265.18 –5.58 (-0.25%)

Dow JIA 19,941-96 –32.66 (-0.16%).

Nasdaq 5,471.43 –12.51 (-0.23%).


Image credit, Yahoo, posted for the Daily Business News, MHProNews.


The MH Industry – Today’s Risers and Sliders

The top two gainers for the day were NorthStar Realty Finance (NRF) and Patrick Industries Inc. (PATK). The top two sliders for the day were Skyline Corp. (SKY) and Sun Communities Inc. (SUI). Killam and Deer Valley held steady today, as the stocks are only being bought/sold periodically. (Notice: ALWAYS look at the date on the Bloomberg chart below, as some stocks aren’t traded daily, etc.).


Manufactured Housing Composite Value (MHCV) Ticker

Credit: Yahoo Finance.

Note: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.


Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown above.)

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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