The below article by Mark Fogarty, writing in the June 23, 2014 edition of National Mortgage News, should be a “must read” for anyone in – or connected with – the HUD Code manufactured housing industry. Though mostly “old news,” the article nevertheless confirms, in compelling terms, how the manufactured housing industry …
Further Confirmation Of Financing Discrimination Against Hud Code Industry Read More
The Dow Jones Industrial Average regained nearly half of what it lost yesterday, moving up +0.29 percent, + 49.38 points, to close at 16,867.51. CNNMoney tells MHProNews the Nasdaq regained +29.40 points, +0.68 percent, to end the day at 4,379.76, while the S&P 500, which had been on a tear …
Cavco Gains Most in Second Straight Day of Trading Read More
Fort, Myers, Florida-based Murex Properties has acquired the 273-homesite manufactured housing community (MHC) Ventura Lakes in Punta Gorda, FL for $12 million, in conjunction with Northwest Mutual. The 84-acre community was developed in 1998 and includes an 8,000 square-foot clubhouse with a library, fitness center, billiards room, stage, dance floor …
Yale Law School’s 2014 recipient of the Simeon Baldwin award has been conferred upon Eugene Landy, founder and chairman of UMH Properties, Inc. (NYSE:UMH) and Monmouth Real Estate Investment Corp. (NYSE:MNR). The award recognizes achievement in law and business. Describing Landy as “one of the pioneers and founders of the …
Despite a rise in new home sales, home prices and consumer confidence, investors turned their backs on stocks as the three major indexes all registered losses in today’s trading, as CNNMoney tells MHProNews. The Dow Jones Industrial Average fell -119.13 points, -0.70 percent, to close at 16,818.13. The Nasdaq dropped …
Cavco Edges Up, Sun Edges down; Dow drops over 100 points Read More
Trading on the first official day of summer turned out to be a yawn as two of the three major indexes moved only 0.01 percent, as CNNMoney tells MHProNews. The Dow Jones Industrial Average slipped -9.82 points, -0.06 percent, to close 16,937.26. The Nasdaq nudged up +0.64 points, +0.01 percent, …
Nobility Falls 4.35 Percent; Nasdaq and S&P 500 Barely Move Read More
Continuing its upward march to end the week’s trading, the S&P 500, already up 6.2 percent on the year, hit another record high, gaining +0.17 percent, +3.39 points, to close at 1,962.87, while the Dow Jones Industrial Average, which has gained 2.2 percent for the year, edged up +25.62 points, …
Dow and S&P 500 Mark New Highs; Patrick Rises over Three Percent Read More
Julian Castro, current mayor of San Antonio and President Barack Obama’s nominee to be the next secretary of the Dept. of Housing and Urban Development (HUD), was grilled during his Senate Banking Committee confirmation hearing about cities using eminent domain to condemn mortgages by Sen. Patrick Toomey (R-PA), according to …
Nominee to Head HUD Testifies before Senate Banking Committee Read More
Stocks initially dropped off sharply in midday and then rose back to flatline, although the S&P 500 inched up 2.50 points, + 0.13 percent, to set another new high at 1959.48, as CNNMoney informs MHProNews. The Dow Jones Industrial Average edged up +14.84 points, +0.09 percent, to end the day …
Cavco Gains, Louisiana Pacific drops, S&P Sets New High Read More
With news from the Federal Reserve that interest rates will probably remain stable through the end of 2014, investors reacted by driving the S&P Index to a new record high and the Nasdaq to its highest level in 14 years, as CNNMoney informs MHProNews.com. The Dow Jones Industrial Average gained …
Stocks Rally on Fed’s Interest Rate News; Skyline Rises Read More
The board of directors of real estate investment trust (REIT) Sun Communities, Inc. (SUI) announces it has declared a quarterly distribution of $0.65 per share of common stock for Q2 2014, according to marketwatch.com. Distribution is payable July 18, 2014 to shareholders of record as of June 30, 2014. The …
The three indexes turned in a good but not great report of gains in today’s trading, as tech stocks pulled the averages up, according to what CNNMoney informs MHProNews.com. The Dow Jones Industrial Average gained 27.48 points, +0.16 percent, to end the day at 16,808.49. The Nasdaq moved up the …
LPX Edges Up, Skyline Slips; Dow, Nasdaq and S&P Nudge Upward Read More
An hour east of Palm Springs, California, in the eastern Coachella Valley, where manufactured housing communities (MHC) dot the landscape of farmworkers who are sometimes living in dilapidated pre-HUD Code homes, lies St. Anthony’s Trailer Park, says nytimes.com. The community’s sporadic clean drinking water (arsenic has been found in the …
Challenged MHC in California Transformed with Public Space Read More
The threat of upheaval in Iraq and possibility of disruption of oil deliveries and subsequent rise in oil prices did not deter investors totally, although gains were modest for the three major indexes on the first day of the week’s trading. The Dow Jones Industrial Average gained 5.27 points, +0.03 …
LPX, Patrick Register Gains; Nobility, Skyline Fall Read More
As oil prices rise due to conflict in the Middle East, stocks fall—a pattern that is not new. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -109.69 points, the second consecutive day of loss over 100 points, -0.65 percent, to end the day at 16,734.19. Meanwhile, the Nasdaq fell …
ELS Nudges Up, UFPI Slips; Dow Loses 100 Points again Read More
In a wide-ranging interview on Fox Business Network’s Opening Bell with Maria Bartiromo, Chairman of Equity LifeStyle International, Sam Zell, says he may not be young enough to see the final tapering of the Federal Reserve’s stimulus, despite most observers saying it will end in October, as housingwire.com tells MHProNews. …
Investors moved away from the Big Board in trading today, perhaps motivated by the World Bank lowering its Global Economic Outlook estimate for 2014 from the 5.3 percent it predicted in January to 4.8 percent today. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -102.04 points, -0.60 percent to …
Skyline Drops, UFPI Falls; Dow Loses over 100 Points Read More
MHProNews.com has been informed that private equity real estate investment firm Green Courte Partners, LLC has acquired Mountain View Estates, a 170-homesite age-restricted manufactured housing community (MHC) in Mesa, Arizona. Green Courte’s William Glascott says, “With this acquisition, our portfolio of age-restricted land-lease communities within the greater Phoenix market includes …
Green Courte Acquires Land Lease Community in Arizona Read More
Investors on Wall Street stepped back for some breathing room after a week of setting new records, leaving the three major indexes to move little either way. CNNMoney tells MHProNews the Dow Jones Industrial Average gained all of +2.82 points, +0.02 percent to end the day at 16,945.42. Meanwhile, the …
Skyline Rises, UMH Slips; Dow, Nasdaq and S&P Move Little Read More
While the most recent news from Lake County, California that MHProNews has published dealt with rent control in manufactured housing communities Feb. 5, 2014, record-bee.com reports the Middletown Unified School District (MUSD) Board of Trustees will consider a contract with American Modular Systems to install modular classrooms at Minnie Cannon …
Modular Classrooms to be Considered for Calif. School Read More
