Publicly-owned investment company Capital Southwest Corp. (Nasdaq:CSWC) has announced that Kelly Tacke has joined the firm as Senior Vice President, Chief Financial Officer (CFO), and Treasurer, having moved over from Palm Harbor Homes, Inc. where she served as Executive Vice-President and CFO. Palm Harbor is a subsidiary of Cavco Industries, …
Even as several retailers, including Target and Dollar Stores, reported less than expected earnings, the Dow Jones Industrial Average finished the day above 16,000 for the first time ever. CNNMoney reports the Dow gained +109.17 points, +0.69 percent, to end the day at 16,009.99. The Nasdaq moved up +1.22 percent, …
Dow Closes at New Record High; Nobility Drops Five Percent Read More
If ObamaCare has your attention, don’t miss out on what some publishers are now calling Dodd-Frankery or Dodd- Frankenstein (aka Dodd-Frank). The SEC is required to publish an annual whistleblowers report, the 2013 download of which is available here. The attorneys behind the website “Dodd-Frank-com” state “ Fiscal 2013 drew 3,238 …
Dodd- Frankenstein – SEC 2013 Annual Whistleblower Report Read More
With concerns that stocks are overvalued, investors stepped back as major indexes continued to knock on the door of record highs. CNNMoney reports the Dow Jones Industrial average dropped -0.06 percent, -8.99 points, to end the day’s trading at 15,967.03. The Nasdaq fell -0.44 percent, -17.52 points, to end the …
Major Indexes Slide; Many Tracked Housing Stocks Follow Read More
Australia-based Ingenia will sell its three student accommodation units in Wellington, New Zealand, valued at $35.6 million and invest the receipts in more manufactured housing communities (MHCs). The company paid $10.7 million Nov. 19, 2013 for two MHCs north of Sydney, Australia in Hunter Valley with options to acquire two …
The Dow and the S&P hit new highs in today’s trading but were not able to remain at that level after Carl Icahn’s comments that companies are boosting profits thanks to low borrowing costs instead of strong management. CNNMoney reports the Dow Jones Industrial average fell to gain +0.09 percent, …
Most Tracked Housing Stocks Fall; Major Indexes Move Little Read More
Oak Creek Homes is collecting nonperishable food at their model home centers in Texas, Oklahoma and Louisiana to distribute to those in need before Thanksgiving. Called Pack Our Pantry, as an enticement to manufactured and modular home buyers, Oak Creek is offering a $500 discount on a new home up …
While investors try to determine when the Federal Reserve will begin tapering its monetary support, the Dow rose steadily during the trading day as the S&P hit a new high. CNNMoney reports the Dow Jones Industrial Average gained +70.96 points, +0.45 percent, to finish the day at 15,821.63. The Nasdaq …
S&P Hits New High; Most Tracked Housing Stocks Gain Read More
While all three indexes fell throughout most of the day, all three are up over 20 percent on the year, thanks to the bond-buying program of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average dropped -32.49 points, -0.21 percent, to finish the day at 15,750.67. While the Nasdaq …
Tracked Housing Stocks Close Mixed; Three Major Indexes Down or Flat Read More
Despite relatively sluggish and cautious behavior by investors, the Dow hit another all time high, rising +0.14%, +21.32 points to end the day of trading at 15,783.10. CNNMoney reports the Nasdaq nudged up +0.01 percent, +0.56 points, to end the day at 3,919.79 while the S&P edged up points, +0.07 …
Tracked Housing Stocks mostly Fall; Dow Hits another New High Read More
MHProNews has learned from multihousingnews in an interview at the Urban Land Institute Nov. 7 of Sam Zell, founder of Equity Group Investments and Equity International, by one-time Zell executive and now Green Courte Partners LLC Chairman Randy Rowe, Zell had some pithy insights. He said it’s ok to make …
In its third quarter financials, UMH Properties announces it has increased its portfolio of homesites by 26 percent since the beginning of the year. For the quarter ending Sept. 30, 2013 funds from operations (FFO) attributable to common shareholders of $1,993,000 or $.10 per diluted share as compared to Q3 …
Residents of the Hillcrest Mobile Home Park in Middleboro, Massachusetts are perfectly willing to see their site rents bumped from $192 a month to $281: It means long-neglected capital improvements will be undertaken for these residents who are purchasing the community from Morgan MHP Mass, LLC. Morgan had asked for …
While stocks surged earlier in the day sending the Dow to a new high, the three major indexes finished in the red as lackluster earnings from some companies brought down the larger market. CNNMoney reports the Dow Jones Industrial Average fell -152.90 points, -0.97 percent, to close at 15,593.98 The …
Tracked Housing Stocks Mostly Decline; Three Major Indexes Fall Read More
Solid corporate earnings gave a boost to stocks as the Dow closed at a record high in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained +128.66 points, +10.82 percent, to close at 15,746.63. While the Nasdaq dropped -0.20 percent, -7.91 points, to end the day at 3,931.95 while …
Dow Hits New High; Tracked Housing Stocks Close Mixed Read More
Halifax, Nova Scotia, Canada-based Killam Properties reports property revenue for the third quarter ending Sept. 30, 2013 rose 9.4 percent over the same period last year, $37,095,000 over $33,894,000, while net operating income increased from $21,442,000 in Q3 2012 to $23,250,000 for the most recent quarter, a gain of 8.4 …
Investors stood on the sidelines and watched more than acted in today’s trading, leaving the market to flounder. CNNMoney reports the Dow Jones Industrial Average nudged down -20.9 points, -0.13 percent, to close at 15,618.22. The Nasdaq rose +0.08 percent, +3.27 points, to end the week at 3,939.86 while the …
Most Tracked Housing Stocks Fall as Three Major Indexes Flounder Read More
The three major indexes all nudged up modestly to end the week as investors believe there is more room for the market to grow. CNNMoney reports the Dow Jones Industrial Average nudged up 69.80 points, +0.45 percent, to close at 15,615.55. The Nasdaq rose +0.06 percent, +2.33 points, to end …
Tracked Housing Stocks Mixed; Three Major Indexes Gain Modestly Read More
Although the last day of October distinguished itself by the three major indexes turning slightly red (losing), in fact the Dow gained over three percent and the S&P 500 gained nearly five percent on the month. CNNMoney reports the Dow Jones Industrial Average dropped -73.01 points, -0.47 percent, to close …
The Department of Housing and Urban Development (HUD) will provide an additional $5 billion in relief funds to five states and New York City to supplement the $5.4 billion already granted in recovery efforts from Hurricane Sandy one year ago. New Jersey received $1.8 billion and will be getting an …
Second Round of Funding for Rebuild Post Hurricane Sandy Read More
