CNNMoney reports stocks closed higher today, but turbulence remained. Stocks dropped initially after the Federal Reserve said economic conditions warrant exceptionally low interest rates until 2013 and risks to the economy have increased. Overall, stocks have declined some 15% in the last two weeks of trading, the worst performance since …
Stocks roller coaster but end up: most MH also rise Read More
WSPA reports that Henderson County deputies removed some 60 snakes and lizards, some of which were considered poisonous, from a western North Carolina ‘mobile home.’ Henderson County Sheriff Rick Davis said they learned about the problem when the reptiles owner was bitten by a venomous snake. Most of the snakes …
Today’s lighter side: 60 snakes removed from ‘mobile home’ Read More
JoplinGlobe reports that the first residents are moving into the Federal Emergency Management Agency (FEMA) new Officer Jeff Taylor Memorial Park. Amber Flowers and her three daughters are among the first to make the move into the emergency housing FEMA has provided. “They’ve done a really nice thing here,” Flowers …
Residents moving to FEMA’s new manufactured home community Read More
Zacks reports that UMH Properties and Equity Lifestyle Properties are among the five REITs with relatively low P/E ratios. UMH Properties (AMEX:UMH) has the lowest with a P/E of 17.4x. Equity Lifestyle Properties (NYSE:ELS) is second lowest with a P/E of 37.0x; American Campus Communities (NYSE:ACC) comes in third lowest …
Market Watch: UMH and Equity Lifestyle reported among REITs with low P/E ratios Read More
Zacks reported today on five home building companies with the lowest Price to Earnings (P/E) ratios. Standard Pacific (NYSE:SPF) has the lowest with a P/E of 16.1x. Lennar (NYSE:LEN) is second with a P/E of 20.8x. NVR Inc (NYSE:NVR) followed with a P/E of 22.0x. Cavco Industries (NASDAQ:CVCO) came in …
Zacks reports Cavco among 5 homebuilders with lowest P/E ratio Read More
BuffaloNews reports that the new owners of the Niagara Factory Outlet Mall are interested in purchasing the Sabre Park ‘mobile home park.’ The Sabre Park community is in foreclosure, with a mortgage of approximately $6 million. Jason Daack, regional manager for Mobile Home Parks, has no ownership interest in the …
Mall owners may buy nearby Manufactured Home Community in receivership Read More
CNNMoney reports that factors such as the downgrade of the U.S. credit rating has driven stock markets down by over 4% today. The downward trend is approaching two weeks, as global markets have also been moving lower. The Manufactured Housing Composite index also ended up down a dramatic -8.57 percent, …
In a release to MHMSM.com, Jim Ayote has sent out a reminder that the “State Association Executive of the Year” award’s nomination deadline of August 12, 2011 is approaching. The purpose of the award is to recognize the outstanding accomplishments of an association executive in the areas of positive image …
Deadline Approaches to nominate MH State Association Execs Read More
OttawaCitizen suggests that criminal organizations are coming to the U.S. attracted in part by lower cost housing. A Royal Canadian Mounted Police (RCMP) report indicates that Vietnamese organized crime (VOC) groups have moved from Canada south of the border. According to the RCMP, the twin motivations for these criminal groups …
Canadian pot growers find soft US housing prices attractive Read More
Benzinga reports that in these difficult times, manufactured housing is among the top-performing-industries in August. As of 10:15 AM EDT, the Manufactured Housing Composite Index was up by 2.24%. This rise was lead by Cavco Industries, up by 7.1%. Cavco will be reporting its FQ1 earnings after the closing bell …
Manufactured housing among top performing in markets for August Read More
MinotDailyNews reports that K.C. and Cayttie Heister of Kopper Creek Building opened a facility near the North Central Research Extension Center. Kopper Creek is a factory systems builder, with locations in Montrose, CO and Nebraska. “We build anything from residential housing up to hotels, motels, restaurants,” Cayttie said. “Any type …
Expanding Systems Builder had Tom Cruise as client? Yup. Read More
KOB reports an elderly woman with over 50 cats in her ‘mobile home’ seemed to be disoriented. The home is said to have feces up to 3 feet high in places. Complaints of a stench brought investigators to the scene. City of Albuquerque spokesperson Chris Ramirez stated: “Cats were multiplying, …
Sad but True, how media reporting impacts our Industry’s image Read More
A volatile market ended the day with the Dow up 60.85 points, or 0.53%, to 11444.53. Jobs reports, an EU/Italian debt deal and other factors kept investors fears elevated. The Yahoo! Finance Manufactured Housing Composite index closed down, -2.81% to 1019.3. Berkshire Hathaway – parent of Clayton, VMF and other …
Roller Coaster Markets end up, but concerns continue Read More
MHI reports 5,024 new homes shipped in June 2011, down 7.5 percent from June 2010. Multi-section homes shipments were down compared with the same month last year. Single section homes shipments showed an increase. 2011 has seen declines in all of the six months compared to the same period in …
Manufactured Homes Shipments decline in June 2011 to 5,024 Read More
Chinese factory home and office builders are targeting world markets, including “North America.” Western style literature uses key buzz words: low cost construction, green building, sustainable, easy transport and rapid installation. They build to Europe’s CE standards, Australia’s AS and the UL standards for North America. They produce container houses, …
Chinese home builders targeting U.S., Canadian markets Read More
Zacks reports the top five companies in the residential REITs (Real Estate Investment Trust) industry as measured by dividend yield. UMH Properties (AMEX:UMH) ranks first with a dividend yield of 6.6%. UMH is followed by Sun Communities (NYSE:SUI), ranking second with a dividend yield of 6.6%. Home Properties (NYSE:HME) and …
UMH, Sun Communities top REITs list on dividend yields Read More
Jetsongreen reports that New Avenue Homes, has sited a Clean Tech tiny home on display in San Jose. This particular home is only 500 square feet, reminiscent to space use at an Ikea store display. There is a living, kitchenette, bedroom, walk in closet, bath, loft for sleeping, storage and …
Clean Tech Tiny House sited near San Jose city hall Read More
MHARR President Danny Ghorbani spoke with MHProNews.com exclusively this morning to make the following ‘on the record’ statement. “We (MHARR) fully support all the efforts that retailers, communities, finance companies and state associations are trying to do to modify the Dodd-Frank and SAFE Act legislation that harms our industry’s post-production …
MHARR officially supports Dodd-Frank and SAFE Act reform by MHIndustry Read More
Yesterday’s brief rally now looks like a pause, as 9 days out of 10 in market trading end in the worst finish in years. The close was at 11,383, as three indices plummeted 10%. CNNMoney reports over 45 million Americans are on food stamps, some 15% of the population. The …
Dow Plunges 500 points in worst day since financial crisis Read More
RealEstateRama picked up a press release yesterday from the Manufactured Housing Institute (MHI), issued by their president and CEO, Thayer Long. The article was likely aimed at the public, and thus within the scope of the ‘protect and promote’ mandate that associations correctly hold dear. Comments to MHMSM.com from readers …
Manufactured Housing Industry growing market share? MHI says yes, pros question it Read More
