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Affiliated Managers Group Up, MHCV Down, Broader Markets Mixed, Dow Sets Record

Noteworthy headlines on CNNMoney – Uncertainty over Trump deals blow to tech stocks. U.S. traffic to New Zealand immigration sites soars. Yahoo warns Verizon might kill $4.8B deal. Some bullets from MarketWatch – What President-elect Trump means for companies, by sector. Elizabeth Warren says she’ll fight Trump over dismantling Dodd-Frank. …

Affiliated Managers Group Up, MHCV Down, Broader Markets Mixed, Dow Sets Record Read More

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Cavco Industries Reports Q2 Results

Cavco Industries (NASDAQ: CVCO) reported financial results for Q2 2016 on November 8th. Net revenue for the second quarter was down 1.9 percent from Q2 2015 to $188.3 million, while net revenue was up 5.6% for the first six months of the year compared to the same period in 2015. …

Cavco Industries Reports Q2 Results Read More

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Stocks Plunge & Surge – Unity and Protests

On Tuesday night as election results began to look grim for Hillary Clinton’s campaign, Dow, S&P and Nasdaq futures all began to tumble. Maria Bartiromo on Fox Business said she expected that initial reaction, much as happened in England over their Brexit vote. But Bartiromo said that just as stocks …

Stocks Plunge & Surge – Unity and Protests Read More

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Skyline spikes, leads MHCV as Dow Swings 1000 Points On Trump Victory

Noteworthy headlines on CNNMoney – Wall Street welcomes Trump with a bang. Tech founders want California to secede. Market for legal pot could pass $20 billion. Wall Street traders boo Hillary Clinton; chant “Lock her up!” Some bullets from MarketWatch – Dow pivots more than 250 points higher after Trump presidential win. …

Skyline spikes, leads MHCV as Dow Swings 1000 Points On Trump Victory Read More

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TD Securities, Scotiabank Restate Positive Ratings for Killam Properties

TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN). TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00. Scotiabank also restated their “perform” rating on Killam in a report …

TD Securities, Scotiabank Restate Positive Ratings for Killam Properties Read More

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Sun Communities, Universal Forest Products Up, MHCV Down, Broader Markets Steady

Noteworthy headlines on CNNMoney – Will Elizabeth Warren gain more clout? Warren Buffett shuttles voters to polls on Omaha trolley. Brexit blows $31 billion hole in British budget. Hertz falls off a cliff after cutting its forecast. Some bullets from MarketWatch – CVS is about to lose more than 40 …

Sun Communities, Universal Forest Products Up, MHCV Down, Broader Markets Steady Read More

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UMH Properties Leads Up Day for MHCV, Broader Markets Up 371

Noteworthy headlines on CNNMoney – Dow soars over 350 points. Iran nears first western energy deal since sanctions. Tesco Bank: cash stolen from 20,000 accounts. Legal weed: tax jackpot or pipe dream? Some bullets from MarketWatch – Pennsylvania Senate race is most expensive in history. Clinton relief rally for the …

UMH Properties Leads Up Day for MHCV, Broader Markets Up 371 Read More

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Champion Homes Purchases Former Excel Homes Facility

Champion Homes has announced that it will purchase and reopen a recently vacated manufacturing facility formerly operated by Excel Homes in Susquehanna Township, Penn. With the reopening, Champion Homes plans to create 246 new jobs over the next three years. “Champion was drawn to this opportunity by the strength of …

Champion Homes Purchases Former Excel Homes Facility Read More

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Sunday Morning Weekly Recap – Manufactured Housing Industry News – October 30th – November 5th, 2016

We begin the month with another thought-provoking theme: Entrepreneurs November in MHVille 2016. That link will take you to all of the featured articles and interviews this month. save this special address from Donald Trump to MHProNews – and thus to our industry, click here. Manufactured, modular and prefabricated home professionals know that how …

Sunday Morning Weekly Recap – Manufactured Housing Industry News – October 30th – November 5th, 2016 Read More

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Sun Communities Announces Q3 Results

Sun Communities, Inc. (NYSE: SUI) reported its Q3 2016 results on November 1, 2016. For the quarter ending September 30, 2016, total revenues increased $64.3 million, or 34.7 percent, to $249.7 million compared to $185.4 million for the same period in 2015. Net income available was $18.9 million, or $0.27 …

Sun Communities Announces Q3 Results Read More

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MHCV Bright Spot as Broader Markets Suffer Ninth Consecutive Down Day

Noteworthy headlines on CNNMoney – Rolling Stone found liable for defamation. Why a lot of people are moving out of California. Cash is still king for Americans. U.S. unemployment falls to 4.9%. Some bullets from MarketWatch – U.S. stocks close lower for ninth time, in worst run since 1980. Why …

MHCV Bright Spot as Broader Markets Suffer Ninth Consecutive Down Day Read More

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Housing’s New Normal: Low Interest Rates, Shifting Demand – MH Opportunity?

At the recently held Data, Demand and Demographics: A Symposium on Housing Finance in Washington, D.C., CoreLogic Chief Economist Frank Nothaft shared a strong statement with housing insiders in attendance. If you’re waiting for any dramatic shifts in housing, interest rates, or anything like them, you’re likely to be left …

Housing’s New Normal: Low Interest Rates, Shifting Demand – MH Opportunity? Read More

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Affiliated Managers Group Leads Up Day for MHCV, Broader Markets Down Again

Noteworthy headlines on CNNMoney – Wells Fargo’s legal mess just got worse. Brexit roadmap: what happens next. FOX News gives Tucker Carlson a primetime show. Some bullets from MarketWatch – Stock market falls for 8th straight session. Generic drug stocks dive on report of possible criminal charges. Starbucks rallies on …

Affiliated Managers Group Leads Up Day for MHCV, Broader Markets Down Again Read More

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UMH Properties Announces New Mortgage Loan

UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation (Freddie Mac), has a 10-year maturity with principal repayments based on a 30-year amortization schedule. Interest is set at 3.85 percent …

UMH Properties Announces New Mortgage Loan Read More

Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish

Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. Analysts expect Drew to post earnings of $1.20 per share (EPS) and revenue of $392.70 million for the quarter, according to The Cerbat Gem. During its Q2 earnings call on August …

Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish Read More

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Drew Industries Up on Down Day for MHCV, Broader Markets, Oil Down Again

Noteworthy headlines on CNNMoney – Anti-trust suit filed against DIRECTV. Venezuela is running out of time and money. The Wall Street Journal trims paper – and staff. Oil dives seven percent this week. Some bullets from MarketWatch – Whole Foods eliminates co-CEO structure, names John Mackey CEO. Fed says it …

Drew Industries Up on Down Day for MHCV, Broader Markets, Oil Down Again Read More

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Champion Homes Opens Manufactured Home Plant in Kentucky

Troy, Michigan-based Champion Homes has opened a 100,000-square-foot facility in Benton, Ky. The facility represents a $6.3 million investment for Champion and is expected to create 150 new jobs. “At Champion, we’re driven to produce the highest-quality affordable housing in part because we understand the special feeling our customers have …

Champion Homes Opens Manufactured Home Plant in Kentucky Read More

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National Association of Home Builders Endorses Congressional Candidates

In a first for the 74-year-old organization, the National Association of Home Builders (NAHB) finalized a list of congressional candidates that it believes will help to boost housing in the U.S.     According to Door & Window Market Magazine, the NAHB announced in September that it would be working …

National Association of Home Builders Endorses Congressional Candidates Read More

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Clayton Homes Makes Key Acquisition

Clayton Homes, a subsidiary of Berkshire Hathaway, has acquired Lee’s Summit, Missouri-based Summit Custom Homes, according to the Kansas City Business Journal. The acquisition was made by the company’s site-built division, Clayton Properties. As Daily Business News readers are aware, Clayton Homes is the largest producer of manufactured homes in …

Clayton Homes Makes Key Acquisition Read More

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Modular Helping to Solve Affordable Housing Challenges

Two Alberta, Canada based companies are teaming up to create a modular solution to affordable housing. According to reminetwork, Edmonton-based Step Ahead Properties and Calgary-based Ladacor Advanced Modular Systems have launched construction on their new modular apartment, an affordable housing development at Westgate Manor in Glenwood. The development will be the …

Modular Helping to Solve Affordable Housing Challenges Read More

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