Before turning to tonight’s featured focus report further below, it is worth pondering why markets are up today. Why would there be a rise in stocks, given days of unrest in American cities? Or with so much uncertainty still associated with the COVID19 pandemic?
Left-of-center CNBC provided the following three bullets today for context.
- Racial strife, a global pandemic and a rising stock market are common to the years 2020 and 1968.
- The current market is increasingly driven by dispassionate computers that run on algorithms, and investors who at least in theory are always looking ahead.
- “History shows markets look through many sorts of tumultuous events and have done so for decades,” said Nicholas Colas, co-founder of DataTrek Research.
That first bullet is quite apt from a historic perspective. There was the Hong Kong flu, considerable racial unrest in 1968 as now.
Earlier today there was a detailed snapshot from Cavco Industries which will also be linked further below. MHProNews plans to unpack insights from another publicly traded firm soon. Additionally, there is the official April national data coming later this week.
But not to be overlooked are the potent and timely insights in the report below.
“Trailer Sales” Surge, Per Mainstream Media – Takeaways for Manufactured Home Independents?
That noted, following our customary evening/nightly left-right headline review and quotable quotes will be our featured focus on April insights from a top production state.
Quotes That Shed Light American Social, Industry, National Issues…
The quote by President Obama is often agreed to by people on either side of that left-right media divide. Not only in politics, but also with respect to manufactured housing, there is a need to challenge the narrative spun by the so-called Omaha-Knoxville-Arlington axis and their allies. Not only must the prevailing narrative be challenged, it must be repeatedly challenged, because efforts at manipulation and propaganda are arguably ongoing too.
Headlines from left-of-center CNN Business
- Workers protest
- Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year-old event for startups, gathers global technology leaders and entrepreneurs as the French establishment unites behind a push for more tech investment in Paris.
- Facebook employees to stage a virtual walkout over Zuckerberg’s inaction on Trump posts
- Facebook, Netflix, Peloton and other companies take a stand on protests
- To cap off his amazing week, the CEO of Tesla and SpaceX just made $770 million
- How to invest while America is in crisis
- S&P US chief economist: How we can add $5.7 trillion to the US economy
- SPECIAL REPORT Moderna’s Covid-19 vaccine news set off a frenzy on Wall Street. Now some want an investigation
- Air travel is bouncing back … sort of
- Twitter is now in completely uncharted waters
- The Hartford CEO: Insurance companies can’t be expected to cover a business’ pandemic losses
- Impossible Foods forces Nestlé to stop selling ‘Incredible Burgers’ in Europe
- Small businesses across America were struggling to survive. Now they face a new threat
- ‘You’re being delusional’: Rush Limbaugh scolded by hosts of ‘The Breakfast Club’ for denying existence of white privilege
- PlayStation 5 game event postponed because of protests
- The Juukan Gorge cave, a 46,000-year-old sacred Aboriginal site in Western Australia’s Pilbara region, is seen here on May 15, 2020. It was later blown up by mining company Rio Tinto, who then issued an apology.
- Mining giant apologizes for blowing up 46,000-year-old sacred indigenous site
- A temporarily closed Pier 1 Imports Inc. store stands in Fairfax, Virginia, U.S., on Thursday, May 21, 2020. Pier 1 this week said it would seek bankruptcy court approval to wind down its brick-and-mortar operations after the coronavirus pandemic made it difficult for the U.S. retailer to find a buyer.
- Pier 1 is officially going out of business
- NEW YORK, NY – OCTOBER 28: Sir Richard Branson, Founder of Virgin Galactic, poses for photographs before ringing a ceremonial bell on the floor of the New York Stock Exchange (NYSE) to promote the first day of trading of Virgin Galactic Holdings shares on October 28, 2019 in New York City. Virgin Galactic Holdings became the first space-tourism company to go public as it began trading on Monday with a market value of about $1 billion.
- Virgin Galactic stock soars following SpaceX success
Headlines from right-of-center Fox Business
- IBM CEO hosting racism discussion with employees
- New IBM CEO Arvind Krishna is starting a conversation with employees on racism in response to recent protests sparked by the death of George Floyd.
- Michigan Gov. Gretchen Whitmer lifts state’s stay-at-home order
- New York City imposes curfew on more than 8 million as riots rage across tow
- Coronavirus could cause multitrillion-dollar decline in US economic output, new report shows
- US jobs market shows early signs of coronavirus recovery, Goldman says
- Stocks shrug off weekend riots, June begins on high note
- BET co-founder calls for $14T in reparations for black Americans
- ‘Terrified right now’: Black businesses hit hard by COVID-19 fight to stay afloat
- How nationwide looting, riots have impacted gun stocks
- Looting, violent protests breaking backs of small businesses we need to restart US
- CALLING FOR BACK UP
- New York state troopers’ union slams Cuomo for lack of support
- FB WORKERS BACK PROTESTS
- Facebook workers protest as company refuses to censor Trump posts
- DAS BAD
- U.S. court refuses to shield Volkswagen in diesel lawsuits
- UPSET THE APPLE CART
- Apple’s NYC flagship store boards up amid protests
- FED UP WITH RIOTS
- White House to deploy ‘federal assets’ in response to riots across the country
- CIVIL UNREST
- Dollar Tree stores may close after Minneapolis locations damaged by looters
- LEGAL POWERHOUSES
- What are the top 20 law schools in the US?
- BRUTAL BEATING
- Store owners attacked while protecting their business from looters
- CASHING IN
- MODERN RETIREMENT
- Retirement plans are improving, but you can make yours even better
- WHO PAYS?
- Small businesses confronted with looting, insurance questions
- BIRD GETS FLIPPED
- FOOD & DRINKS
- Forget drink refills: The big changes coming to Chick-fil-A dining areas
- MOVIN’ OUT
- REAL ESTATE
- New York City sees ‘insane’ exodus: Here’s where many are relocating to
- Marriott CEO: China hotels all reopened
- Police kneel in signs of solidarity during George Floyd protests: PHOTOS
- SpaceX NASA astronaut: Successful mission can show country what’s possible
- Organized crime groups believed to be behind looting of luxe New York stores
- 7 states where Social Security benefits are $100 (or more) above the national average
- STREAMING WARS
- Coronavirus shutdown sends streaming subscriptions up 31%
- Vacation hotspot reopens to visitors as Miami-area beaches remain closed
- Whole Foods to close early in cities with curfews due to riots
- After looting and riots, volunteers help businesses clean up
- Labor union president lashes out at rioters who damaged DC headquarters
- How long giant store will be forced to stay closed after devastating looting
- Putin and Trump discuss G7 summit, oil markets in call, Kremlin says
- Varney: Riots another ‘disastrous setback’ for America
- WATCH: Dr. Martin Luther King Jr.’s niece says this is ‘never justified’
- Beauty giant gets leadership makeover after Kylie Jenner, Forbes controversy
- HEALTH CARE TECH
- This antiviral drug appears to be helping some coronavirus patients
- BUSINESS LEADERS
- High-profile CEO speaks out as ‘the father of a young black male’
- Spa chain secured $5.6M in coronavirus relief for small businesses despite losses
- China to halt some US purchases, putting trade deal in jeopardy
- HEALTH CARE
- Eli Lilly begins human test of potential coronavirus antibody treatment
- WATCH: Home Depot co-founder Ken Langone on Target’s recovery from looting
- WATCH: California looters break into Amazon van
- Chinese officials, state media spin violent protests to criticize US
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
The following is a release from the Texas Manufactured Housing Association (TMHA). Data provided by the Manufactured Housing Association for Regulatory Reform makes it clear that Texas is the number one production and shipment state in the nation. So, while there trends are not always in alignment with national trends, they do in fact often have similar tracks.
TEXAS MANUFACTURED HOME SHIPMENTS MARKET ANALYSIS, per TMHA.
Monday, June 1, 2020
Manufactured home shipments came in at their lowest April total in the last seven years as the impact of the COVID-19 pandemic drastically reduced the run rates of the state’s factories. Both single-section and multi-section homes shipments were down -26.5% percent and -21.9% respectively from March, and were down a combined -12.8% from April of 2019.
The total of 1,135 homes shipped was 342 homes off of our model’s forecast of 1,477 homes last month. This over estimation was expected as the model only takes into account past totals and builds a forecast based off of seasonality and detected trend. To highlight just how drastic April’s contraction was though, the lower bound for the 95% confidence interval from last month’s forecast was 1,187, so the actual came in 52 homes below that.
Looking forward to May, it is interesting to note how the models forecast has changed over the course of the past two months. When we originally released our March forecast, the model projected 1,519 homes to be shipped in May. With March and April data now included, the point forecast for May has dropped to 1,372 homes, a reduction of 147 projected shipments.
May will be a critical month to see how the industry is navigating the current economic conditions. We know that factories came into this event with healthy backlogs, but as those orders were cleared through the past several weeks we don’t currently have a good line of sight into new orders.
TMHA’s Manufactured Home Builders Index finished May up 25.2% from where it closed at the end of April. The aggregate MH equity gains were higher than the broader construction market and much higher than the overall equity market, so investors certainly think the future is looking brighter for MH.
In the future, we will also have survey data in place to incorporate and help better judge whether our time-series model is too optimistic or not. If you are the GM or sales manager of an MH plant in the great state of Texas that has not agreed to participate in our project with the Texas A&M Real Estate Center, I encourage you to reach out to me at firstname.lastname@example.org and come on aboard.
The reports below are useful additional data points for the above. The national monthly statistics will be available later this week. Watch for it here on MHProNews.
Cavco Industries (CVCO) Surprising Closure, New & Ongoing Legal Investigations, Additional Inside Revelations
Al Kemp on COVID-19, Manufactured Home Communities, plus Manufactured Housing Investing, Stock Updates
Charlie Munger & Duke Univ. Professor of Psychology Dan Ariely on Financial, Investing Decisions – plus, Manufactured Home Investing, Stock Updates
Manufactured Housing Institute Insider’s Keith Ellison Revelation, “Anti-Consumer” Bias, Other Leaks
Independent Journalist Sharyl Attkisson’s “Deep State” “Call it Treason” Interview, COVID19 & President Donald J. Trump
Pandemic Becomes Billionaires’ Bonanza! Bezos, Buffett, Gates, Zuckerberg, Ellison Wealth Surges $100s of Billions in 2 months, says Institute of Policy Studies & Forbes – Report
AEI Housing Center Reports Surprising Surge, State-by-State Post-COVID19 Housing Data, Jimmy Lai-China-Hong Kong Storm, plus Manufactured Home Investing, Stock Updates
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).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
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.
2019 Year-End Totals Reveals Decline in New HUD Code Manufactured Home Production, Shipments vs. 2018
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