Overall, MHCV stocks declined 21.3 points from yesterday to 516.1 (-3.97%), but surprisingly, almost all of the MHCV stocks we track saw an increase in value. Examples: AMG 4.03%, LPX 3.62%, DW 3.56%, UMH 3.16%, SUI 2.15%. It seems that financial experts cannot agree on what to say about the …
Dow jumps over 250 after ECB announces stimulus. MHC Values Continue to Dip Read More
MHCV tracked stocks declined slightly: -0.85%. Exceptions were: AMG 2.35%, CG 0.66%, and ELS 0.07%. USA Today tells MHProNews that stocks ended higher Wednesday as traders were encouraged by reports that the European Central Bank was poised to unveil further stimulus measures. The major indexes logged a third straight day of …
Dow Gained a Few Points on Wednesday As MHC Values Continued to Decline Read More
It was a good Christmas for residents of West Wind Estates in Rochester, New Hampshire, because on Christmas Eve they closed on the purchase of their 129-space community. This became New Hampshire’s 111th resident-owned manufactured home community and Rochester’s ninth. That’s an impressive number of resident-owned communities for such a …
West Wind Estates residents purchase their community Read More
In the manufactured housing market, SUI and SKY were the leaders today. Marketwatch advises that the market ended Monday’s session with losses for the second straight trading day, as a renewed sell-off in oil once again influenced investor confidence. Energy, technology and financials, which collectively comprise nearly half of the …
Dow drops slightly as MHCV stock goes up 2.21 percent Read More
MHProNews has confirmed that attorney Bill Matchneer, previously with HUD and the CFPB, will be addressing the attendees of the Louisville Manufactured Housing Show. So too will Richard “Dick” Jennison, MHI’s current President and CEO. MH community and street retail Hall of Famer, Ron Thomas, Sr. – who is also …
Bill Matchneer, Dick Jennison and Ron Thomas Sr. to address Louisville Show attendees Read More
The Wall Street Scope tells MHProNews that it has its analytical eye on Equity Lifestyle Properties (NYSE: ELS). ELS closed yesterday at 54.94 +0.31 (0.57%). Scope’s report yesterday said that even during the prior week of sliding stocks, ELS has done well, citing the following facts: Equity LifeStyle Properties, Inc. (ELS) …
Wall Street Scopes out ELS’ strong performance this week Read More
MHCV stocks today were up 1.47%. UFPI led the way with an increase of 2.29%. DW was in second place, up 2.0%. The Dow brought some good news by soaring another 323 points, and is quickly approaching the 18,000 level. The S&P 500, after its worst start since 2008, climbed 1.8%. …
MH stocks rise, Dow soars 323 points today, rekindling investors’ hopes Read More
Manufactured housing stocks made gains today. Cavco was the top MH performer today – up 3.51 percent. Marketwatch tells MHProNews that the broader U.S. stocks rebounded on Wednesday, highlighted by the S&P 500 recording its first gain in 2015 and snapping a five-day losing streak. Optimism on Wall Street followed …
MHCV rises, S&P 500 musters first gain of 2015, snaps 5-day losing streak Read More
Manufactured housing stocks declined slightly today. Deer Valley announced the retirement of its President and CEO Charles G. Masters. ELS and SUI made slight gains. Marketwatch tells MHProNews that overall, U.S. stocks bounced off session lows by the last trading hour, but still ended lower Tuesday, with losses across the …
ELS, SUI with slight gains; S&P Falls Fifth Straight Session Read More
The outcome of an important case is due for oral argument with the United States Supreme Court beginning January 21, 2015. The case is entitled Texas Department of Housing and Community Affairs, et al, Petitioners v. The Inclusive Communities Project, Inc., Respondent. It is awaited with anxiety and trepidation in many …
Nadeen Green says Disparate Impact case could rock MH & MHC owners, managers world Read More
ELS, SUN and UMH bucked the trends in MH and the broader markets, each gaining a bit in the broader market drop. Oil prices ended at about $50 a barrel. Marketwatch says that some traders are betting on $20 oil. CNN Money tells MHProNews that “the main culprits of market …
MHCs buck the trend, as the Dow plunged 331 points today, worldwide markets drop Read More
Manufactured home community connected stocks did well today, while the MHCV dipped as did most other MH tracked companies. Reuters tells MHProNews that the broader U.S. stocks closed with little change on the first trading session of 2015, finishing well off session highs as economic data short-circuited early gains. In …
MHCV, S&P and NASDAQ slide, Dow begins 2015 with little change Read More
The Manufactured Housing Composite Value and most tracked MH stocks lost ground today. Brent crude, the global benchmark for oil, hovered around a new low of $56 a barrel, heading for its largest annual decline since 2008. Oil inventories declined more than expected last week. CNN Money points out that …
The MHCV slid over 5% today. Marketwatch tells MHProNews that “cheaper gasoline, faster job creation and previously rising stock prices cheered up Americans during the holiday season. Consumer confidence rebounded in December to the third-highest level since the end of the recession more than five years ago.” So what happened? …
In and out of manufactured housing, there seems to be some lack of understanding about who can legally broker or transact a mortgage. A recent case in Georgia illustrates this situation and its risks. Georgia’s Department of Banking and Finance has finalized a cease-and-desist order against Community Legal Center LLC, …
GA Operation slapped, Licensing Is Required for Everyone Who Negotiates Mortgages Read More
As the fortunes of the oil and gas industry go, so too go the hopes and revenues of many in the manufactured home industry. As most factory-built home professionals know, an added impetus has been provided by the demand for manufactured homes (MH) and workforce housing for those who work …
Analysts on Future of U.S. Energy Industry and Impact on MH Read More
During trading on Monday, December 22, 2014, the price of Equity Lifestyle Properties (NYSE:ELS) shares hit a new 52-week high, which closed at 51.69 +1.32 (2.62%). According to Intercooler, ELS has been the subject of a number of recent research reports including one conducted by analysts at TheStreet. As a result, on …
Equity Lifestyle Properties stock Hits New One-Year High Read More
Sun Communities hits a new high, while many other MH related stocks struggled today. The markets continued to surge ahead in what historians may someday call the Yellin Rally. The week started down, down…but finishes, up, up and away…let’s hope the balloon doesn’t burst. This is your last weekend for …
SUN hits new high, Day 3 of Yellin’s Christmas Gift to Markets Read More
Tracked manufactured housing related stocks advanced broadly in trading today. Federal Reserve Chair Janet Yellin suggests that rates will not rise rapidly and cheap oil is good for America, so the markets rose anew. Sony may be getting the next whammy from what could be a blast of cyber-economic …
Nobility Leaps! Yellin’s Tellin’ – Cheap Oil, Low Rates, Keep Sellin’! Read More
Patrick was the sole tracked stock today that bucked the down trend among manufactured housing. The broader markets also suffered. Wasn’t it just yesterday that MarketWatch proclaimed that stocks may have finally won their 100 year battle with big oil? Their new story line for today is that the markets …
Patrick bucks MH stock down trend, as oil’s spill slides broader markets lower Read More
