All three major indexes moved up modestly, but sufficient to hit new highs for the Dow Jones Industrial Average and the S&P 500 on news of pharmaceutical and food company acquisitions. The Dow moved up +18.82 points, +0.11 percent, to end closer to 17k at 16,943.10. The Nasdaq gained 14.84 …
Patrick, LPX Advance; Dow, S&P hit New Highs Again Read More
Stocks rose after the European Central Bank set negative interest rates in order to fuel growth, driving the Dow Jones Industrial Average and the S&P to all new highs. The Dow moved up +98.58 points, +0.59 percent, to end the day at 16,836.11. The Nasdaq gained 44.59 points, +1.05 percent, …
Although gains were modest across the board, the S&P managed to set another new high, now the sixteenth time this year, moving up to 1,927.88 after gaining +3.64 points, +0.19 percent. Meanwhile, the Dow Jones Industrial Average nudged up +15.19 points, +0.09 percent, to end the day at 16,737.53. The …
AMG Nudges up, Sky line Drops again, S&P Hits another New High Read More
Wall Street turned cold in trading today as all three indexes slipped despite the 0.7 percent increase in factory orders in April. The Dow Jones Industrial Average nudged down -21.29 points, -0.13 percent, to end the day at 16,722.34, while the Nasdaq fell -3.12 points, -0.07 percent, to close at …
Patrick Edges Up, Skyline Falls; Dow, Nasdaq, S&P Slip Read More
Updating a story MHProNews.com last published May 7, 2014 regarding the owner of Meadowbrook Park manufactured housing community (MHC) in Richmond, Maine losing his license to operate because of ongoing water and sewage problems, new owner Rick Breton says he will spend $400,000 to upgrade the infrastructure and install 39 …
Stocks did not move much in trading on the first day of June, but it was enough for the Dow Jones Industrial Average to post its sixth record close of the year, and for the S&P Index to notch its 15th record high of 2014. The Nasdaq fell slightly, pulled …
Dow, S&P hit new Highs; Affiliated Managers Group Edges Up Read More
A Cup of Coffee with…Ron Thomas, Sr.
1) Who, What and Where: (Your name, formal title for your company, association and show you are associated with and where you are based).
Ronald A. Thomas Sr.
CEO Rona Enterprises, Inc.
On the last trading day of the month the stock market finished flat, but the Nasdaq added about three percent for the month and the S&P, in addition to setting a new high, gained almost two percent in May. Today, CNNMoney informs MHProNews, the Dow Jones Industrial Average inched up …
S&P Index Hits New High; ELS Edges up, while LPX slips Read More
Although the U. S. economy shrank one percent in the first quarter of the year, economists depict other factors that say the economy is improving, such as the sharp drop in unemployment claims for last week, falling to its lowest point since 2007. Investors, betting the economy is improving, pushed …
S&P 500 Hits New High; Affiliated Managers Group Edges Up Read More
Boulder County (Colorado) Commissioners gave final approval to a $7.25 million federal funding application for several housing assistance programs to help people impacted by last year’s devastating floods, according to timescall.com. Part of an overall $62.8 million Community Development Block Grant-Disaster Recovery award the U. S. Department of Housing has …
Colorado County Seeks Federal Funds to Assist MH and Mod Residents Read More
Investors roared back from their holiday weekend in a good mood as the S&P set a new record, closing at 1,911.91, up +11.38 points, +0.60 percent, while the Dow Jones Industrial Average landed at 16,675.50, +69.23 points, +0.42 percent, as it approached its record 16,715.4. CNNMoney informs MHProNews the Nasdaq …
S&P Sets New High; Louisiana Pacific Edges up the Most Read More
New York State Senator Ken LaValle (R-Port Jefferson) is drafting new legislation so owners of manufactured homes in communities would have some protection from “unjustifiable rent increases,” according to timesreview.com. Legislation aimed at protecting owners of manufactured homes has passed seven of the last eight years in the Democrat-controlled assembly, …
Legislation Would Allow MHC Residents to Challenge Rent Increases Read More
Breaking News — Measure to Preserve Access to Affordable Manufactured Housing Clears Key Hurdle in U.S. House On May 22nd, the U.S. House Financial Services Committee passed the bipartisan Preserving Access to Manufactured Housing Act (H.R. 1779) to protect the ability of manufactured home customers to buy, sell and refinance …
The S&P hit a new high, 1900.53, +0.42 percent, +8.04 points as stocks rose modestly to begin the Memorial Day holiday. The Dow Jones Industrial Average moved up +0.38 percent, +63.19 points, to close at 16,606.27, while the Nasdaq gained +0.76 percent, +31.47 points, to end the week at 4,185.81. …
Cavco Gains Most Two Days Running; S&P Hits New High Read More
The Dow Jones Industrial Average rose modestly +10.02 points, +0.06 percent, to end the day at 16,543.08, while the Nasdaq gained +22.80 points, +0.55 percent to end the day at 4,154.34. CNNMoney informs MHProNews.com the S&P flirted with a new high but eventually settled with a gain of gain +4.46 …
Cavco Posts 4.10 percent Gain; S&P Flirts with New High Read More
The U. S. House of Representatives Financial Services Committee passed the bipartisan Preserving Access to Manufactured Housing Act (H.R. 1779) which protects the ability of manufactured home (MH) consumers to buy, sell and refinance affordable manufactured homes. The measure would alter the Dodd-Frank Act in addressing criteria by which MH …
House Financial Services Committee Passes H.R. 1779 Read More
Stocks galloped out of the paddock at the opening bell and continued their steady climb to the finish line as the Dow Jones Industrial Average rose 158.75 points, +0.97 percent, to end the day at 16,533.06, while the Nasdaq gained +34.65 points, +0.85 percent to end the day at 4,131.54. …
Deer Valley, Nobility Spike; Dow Gains Nearly One Percent Read More
Tech stocks rallied, not on the news of AT&T’s reported near $50 billion acquisition of DirecTV, but due more to TripAdvisor and NetFlix, which helped the Nasdaq move up +0.86 percent, +35.23 points, to close at 4,125.82. CNNMoney informs MHProNews.com the Dow Jones Industrial Average nudged up 20.55 points, +0.12 …
Regarding Freddie Mac’s decision to begin purchasing and securitizing manufactured housing community (MHC) loans as MHProNews.com posted here May 1, 2014, costar.com reports these will be commercial loans made to the community owners. David Brickman, Freddie Mac Multifamily executive vice president, said, “Manufactured housing communities are an affordable housing option …
Calling it “the bears coming out from hibernation,” CNNMoney tells MHProNews.com days after hitting new highs, the Dow Jones Industrial Average dropped -167.16 points, -1.01 percent, to close at 16,446.81, while tech-heavy Nasdaq lost -31.34 points, -0.76 percent, to end the day at 4,069.29. The S&P dropped -17.68 points, -0.94 …
Deer Valley Plummets, Sun Rises just above Horizon; Dow Loses a Percent Read More
