According to a story MHProNews posted April 8, 2013 about Northstar Realty Finance Corp. acquiring 71 manufactured housing communities at a cost of $865 million based on information we received from the National Real Estate Investor (nreionline), we now learn from BusinessWire that RHP Properties, Inc. of Farmington Hills, Mich. …
The slowing of Chinese industrial growth in the first qurter of 2013 had already lowered U. S. stocks when word arrived of the explosions at the Boston Marathon, which sent the Dow 120 points lower. The Nasdaq and S&P both dropped over two percent. CNNMoney reports the Dow Jones Industrial …
Marathon Bomb Shocks Housing Stocks and Indexes to Drop Read More
WiscNews informs MHProNews from Baraboo, Wis., just north of Madison, that Blackhawk Home Sales is pulling up stakes June 1. In business since 1970 selling manufactured and modular homes, President Jim Loechler said the property has been for sale for five years and he intends to retire. It will be …
As marketwire reports, Baltimore-based Algeco Scotsman has inked a joint venture agreement with Beijing Chengdong International Modular Housing Company, Ltd. Under the brand name Algeco Chengdong, the collaboration will produce, lease and sell modular housing solutions in China, which has emerging needs for flexible, onsite, temporary accommodations in the energy, …
Investors fretting about tepid retail sales and weak consumer confidence put the lid on index advances, although the Dow is up two percent on the week. CNNMoney reports the Dow Jones Industrial Average lost -0.08 points, not enough to amount to a percentage, ending the week at 14,865.06, still only …
Dow Up 2% on Week, Manufactured Housing Composite Down 5% Read More
According to pegasusmarkets, East Dallas (TX) entrepreneur Jeremy Turner is transforming a 1955 Spartan trailer into a mobile art gallery to provide emerging artists with an outlet to display and sell their work. Called CART, the interior will be gutted and outfitted with white walls, gallery lighting, and air conditioning. …
BusinessInsider tells MHProNews the chief economist at Gluskin Sheff, David Rosenberg, citing the drop in mortgage applications from a year-over-year rate of 16% in Jan. 2013 to only three percent today—they fell 1.3 percent the week ending April 5– says U. S. housing demand is beginning to slow. He says …
The Dow Jones and the S&P 500 both continued their climb, hitting new record highs as the three major indexes made modest gains in trading today. CNNMoney reports the Dow Jones Industrial Average gained +0.42 percent, +62.9 points, to end the day at 14,865.14, one percent shy of 16,000. The …
M & W Trailer Sales opened in Escondico, Calif. in 1959 when customers had two carpet choices—avocado green or harvest gold, and Noel Williams (the ‘W’) lived on the lot in a trailer with his wife. Now called M & W Home Sales, and located in Hemet, Calif., The Press …
CNNMoney tells MHProNews evidence strongly suggests the real estate nightmare is coming to an end, as, according to data provider CoreLogic, home prices over the past year rose in 92 of the 100 largest real estate markets. Sales volume increased in 69 of the top 100 markets and 35 showed …
Upon the release of Federal Reserve minutes saying the quantitative easing will continue through mid 2013, investors roared their approval, pushing the Dow and S&P to close at new record highs. CNNMoney reports the Dow Jones Industrial Average advanced +0.88 percent, +128.78 points, to end the day at 14,802.24. The …
Dow, S&P Hit New Highs; Tracked Housing Stocks Minus One Advance Read More
The National Association of Home Buyers (NAHB), testifying before the House Financial Services Subcommittee on Housing and Insurance, urged lawmakers to move cautiously in reforming the Federal Housing Administration (FHA) because the tight lending standards are already preventing qualified home-buyers from obtaining mortgages, as MHProNews has learned. NAHB First Vice …
According to vcstar, legislation introduced by state Sen. Hannah Beth-Jackson of California would require that a majority of residents of an MHC favor the conversion of their community into resident-owned homesites, or the plan can be denied. The Ventura City Council voted 7-0 in favor of the resolution, as MHProNews …
As themercury tells MHProNews from Australia, modular homebuilder EMAC Systembuilt Group announces it has acquired Mornington Park Homes Pty Ltd, an affiliate of the now defunct Park Homes group. Mornington was placed in receivership last month after it defaulted on loans. The new venture will be called System Built Homes, …
Stocks started the day slow but were energized in afternoon trading as corporate returns began trickling in, pushing the Dow to a new high. CNNMoney reports the Dow Jones Industrial Average advanced +0.41 percent, +59.98 points, to end the day at 14,673.46. The Nasdaq gained +0.48 percent, +15.61 points, to …
Dow Hits New High while most Tracked Housing Stocks Lose Ground Read More
UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by …
RVBusiness informs MHProNews Lippert Components, Inc. has asked the Goshen (Ind.) City Council for a tax break to expand its operations and hire 376 more employees by 2016, spending $10 million for new equipment. A division of Drew Industries, Inc., Lippert is a component supplier to the manufactured housing and …
The three major indexes made modest gains in trading today as investors anticipate first quarter corporate returns. CNNMoney reports the Dow Jones Industrial Average nudged up +0.33, +48.23 points, to end the day at 14,613.48. The Nasdaq gained +0.57 percent, +18.39 points, to close at 3,222.25, while the S&P advanced …
As MHProNews reported here earlier today (Mon. April 8), the closing of Hilltop Mobile Home Park in State College, Penn. that led to a musical benefit to help residents, has also led to charges being filed against the owners by the state attorney general’s Bureau of Consumer Protection for allegedly …
According to nreionline (National Real Estate Investor), NorthStar Realty Finance Corp. has acquired a portfolio of 71 manufactured home communities comprised of approximately 17,000 home sites for $865 million. Financed with a $640 million mortgage for ten years at 4.02% fixed, the company expects an initial annual yield of 14%. …
