Investors are looking beyond the possible government shutdown to corporate returns, as stocks moved slightly higher in today’s trading. CNNMoney reports the Dow gained 55.04 points, +0.36 percent, to close at 15,328.30. Meanwhile, the Nasdaq moved up +0.70 percent, +26.33 points to end today’s trading at 3,787.43, while the S&P …
Three Major Indexes Edge Up; Tracked Stocks Close Mixed Read More
The chairman of the board of Third Avenue Assets Management, Marvin Whitman, announcing the company’s third quarter portfolio update, has acquired a 20 percent stake in Cavco Industries, Inc., a $510.4 million market cap with stock up over 25 percent in the last 12 months. He purchased 1,809,108 shares when …
The National Association of Home Builders (NAHB) reports August sales of new, single-family homes rose 7.9 percent to a seasonally-adjusted annual rate (SAAR) of 421,000 units, offsetting a slight decline in July resulting from a rise in mortgage rates. Says NAHB Chief Economist David Crowe, “We are only about halfway …
Investors stepped back from the market today, concerned about the possible shutdown of the government and the debt ceiling controversy, as all three major indexes declined. CNNMoney reports the Dow dropped -61.33 points, -0.40 percent, to close at 15,273.26. Meanwhile, the Nasdaq nudged down -0.19 percent, -7.15 points to end …
Government Gridlock over Shutdown and Debt Ceiling Stalls Stocks Read More
The 2013 Western Housing Conference will be held at the Radison Fort McDowell Casino in Fountain Hills, Arizona Nov. 7 and 8. The program will feature leaders in manufactured housing lending. Tim Williams of 21st Mortgage Corporation will keynote the conference Thurs. night speaking on the Preserving Access to Manufactured …
Conference to Focus on Manufactured Housing Lending Read More
The Chief Economist of the Real Estate Center at Texas A&M University forecasts higher prices, reduced inventory and more home sales in 2014 for the state. Mark Dotzour says, “If you are a real estate professional in Texas, I would suggest that you not take a vacation at all in …
Mark Dotzour: Texas Housing Recovery in Full Swing Read More
Following up on a post MHProNews last reported Sept. 3, 2013 regarding Equity LifeStyle Properties’ (NYSE:ELS) successful appeal of a sharp rise in taxes on two manufactured housing communities (MHCs) in Florida, over $200,000 in property taxes are once again at stake. Sarasota County Property Appraiser Bill Furst contends the …
Battle Rages over Value of Manufactured Housing Communities Read More
Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one, …
The threat of a government shutdown and subsequent need to raise the debt ceiling sometime around the middle of October led investors away from the Big Board as the Dow and the S&P closed down for the fourth straight day, while the Nasdaq managed to squeak away with a minor …
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its …
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
Workforce housing provider Target Logistics has resource-efficient features at its Dunn County Lodge just north of Dickinson, North Dakota. The modular units have low-flow showers and sinks, the 60 washers and dryers used by the 450 tenants are energy efficient and housekeeping re-dyes old towels and repairs torn sheets. Workers …
Energy Efficiency is Hallmark of Modular Workforce Housing Read More
Canadian-American Structured Solutions (CASS) opened in May 2012 in Billings, Montana vowing to provide 100 jobs, as it filled modular housing orders for workers in the Bakken oil fields in western North Dakota. Updating a story MHProNews posted Jan. 26, 2013 regarding the company’s temporary layoff of 30 employees due …
The continuing battle in Congress over the possible shutdown of the government kept investors in the background, leading to a decline in the three major indexes. CNNMoney reports the Dow dropped -49.71 points, -0.32 percent, to close at 15,401.38. Meanwhile, the Nasdaq fell -0.25 percent, -9.44 points to end today’s …
Of the 30 largest metropolitan areas that the Zillow Real Estate Market report analyzes, 20 experienced annual home value increases of at least ten percent in August, the most significant of which were in California cities—Sacramento rose 34.1 percent—plus Las Vegas and Phoenix. Overall, 85 percent of the 382 markets …
In an attempt to avoid the conversion of manufactured home communities (MHC) to other uses and thereby force people to move, the Spokane Valley City Council, while conscious of private property rights, want to increase the density in existing communities. According to spokanevalleyonline, it could also hold down rents, retain …
City wants to Retain Manufactured Home Communities Read More
HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is …
The uncertainty of a possible government shutdown and possible tapering of the Federal Reserve’s Quantitative Easing drew down all three major indexes, especially the Dow, which fell just under 200 points. CNNMoney reports the Dow dropped -185.46 points, -1.19 percent, to close at 15,451.09. Meanwhile, the Nasdaq fell -0.39 percent, …
The Aiken County Planning Commission in west central South Carolina has approved plans for a 33 home site manufactured housing community (MHC) situated on nine acres on Wire Road in Aiken, SC. The aikenstandard.com says five manufactured homes on a lot that is at least five acres or more constitutes …
Southfield, Michigan-based Sun Communities, Inc. (SUI) has declared a $0.63 dividend per share of common stock for the third quarter of 2013, payable Oct. 18, 2013 to shareholders of record Sept. 30, 2013. The board of directors of this real estate investment trust (REIT) also declared a dividend per share …
Investors moved back from the dance floor, absorbing and pondering the recent run-up to new highs for the Dow and the S&P. CNNMoney reports the Dow nudged down 40.39 points, -0.26 percent, to close at 15,636.55. Meanwhile, the Nasdaq nudged up +0.15 percent, +5.74 points to end today’s trading at …
Stocks Close Mixed across the Board after Hitting New Highs Read More
