Top National News Builder Confidence Remains at Almost 8-Year High Confidence among home builders in September remained at the highest level in almost eight years, despite rising mortgage rates, according to a report releasedTuesday. The National Association of Home Builders/Wells Fargo housing-market index stood at 58 in September, while August’s …
The threat of a government shutdown and subsequent need to raise the debt ceiling sometime around the middle of October led investors away from the Big Board as the Dow and the S&P closed down for the fourth straight day, while the Nasdaq managed to squeak away with a minor …
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its …
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
The continuing battle in Congress over the possible shutdown of the government kept investors in the background, leading to a decline in the three major indexes. CNNMoney reports the Dow dropped -49.71 points, -0.32 percent, to close at 15,401.38. Meanwhile, the Nasdaq fell -0.25 percent, -9.44 points to end today’s …
HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is …
The uncertainty of a possible government shutdown and possible tapering of the Federal Reserve’s Quantitative Easing drew down all three major indexes, especially the Dow, which fell just under 200 points. CNNMoney reports the Dow dropped -185.46 points, -1.19 percent, to close at 15,451.09. Meanwhile, the Nasdaq fell -0.39 percent, …
Southfield, Michigan-based Sun Communities, Inc. (SUI) has declared a $0.63 dividend per share of common stock for the third quarter of 2013, payable Oct. 18, 2013 to shareholders of record Sept. 30, 2013. The board of directors of this real estate investment trust (REIT) also declared a dividend per share …
Investors moved back from the dance floor, absorbing and pondering the recent run-up to new highs for the Dow and the S&P. CNNMoney reports the Dow nudged down 40.39 points, -0.26 percent, to close at 15,636.55. Meanwhile, the Nasdaq nudged up +0.15 percent, +5.74 points to end today’s trading at …
Stocks Close Mixed across the Board after Hitting New Highs Read More
Equity LifeStyle Properties, Inc. (NYSE:ELS) has acquired Fiesta Key RV Resort, a 324-site resort and marina in the Florida Keys. Located in the Florida Keys on the Gulf of Mexico, ELS paid $24.6 million, according to 4-traders.com, funded with cash. As MHProNews knows, ELS is the largest owner of manufactured …
RV Community and Marina purchased by Equity LifeStyle Properties Read More
Stocks surged in today’s trading after the two-day Federal Reserve meeting revealed tapering of Quantitative Easing program will not begin yet, just the tune investors wanted to hear. CNNMoney reports the Dow shot up 147.21 points, +0.95 percent, to close at 15,676.94. Meanwhile, the Nasdaq gained +1.01 percent, +37.94 points …
Tracked Housing Stocks all Gain as Dow, S&P hit New Highs Read More
Despite the looming tapering of quantitative easing by the Federal Reserve, all three major indexes advanced in today’s trading. CNNMoney reports the Dow gained 34.95 points, +0.23 percent, to close at 15,529.73. Meanwhile, the Nasdaq gained +0.75 percent, +27.85 points to end the day at 3,745.70, while the S&P gained …
Three Major Indexes Edge Up; Tracked Housing Stocks Mixed Read More
The news that Larry Summers withdrew his bid to be the next Federal Reserve Chairman sent the S&P surging towards a new high in today’s trading, while the Dow spiked over 100 points and the Nasdaq nudged down. CNNMoney reports the Dow gained 118.72 points, +0.77 percent, to close at …
Dow Rises, S&P Nears New High, Housing Stocks Close Mixed Read More
The continuing reluctance on the part of the U. S. to attack Syrian targets and the anticipation of the Federal Reserve’s next move led investors to push the three major indexes higher to end trading for the week. CNNMoney reports the Dow gained 75.42 points, +0.49 percent, to close at …
Patrick, Cavco and LPX Advance Nicely; Three Major Indexes End Week Up Read More
Provider of equity research Sidoti & Company LLC has issued a BUY rating for the stock of manufactured housing community owner UMH Properties, Inc. based on its presence in the Utica and Marcellus Shale energy exploration region. Sidoti says an influx of workers and families to the area, which includes …
Investors stepped back from recent gains on the big board which have pushed major indexes to near record levels, as the indexes slipped slightly. CNNMoney reports the Dow fell -25.96 points, -0.17 percent, to close at 15,300.64. Meanwhile, the Nasdaq nudged down -0.24 percent, -9.04 points to end the day …
Tracked Housing Stocks Follow Lead of Major Indexes Read More
The Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame (Hall) Selection Committee is actively seeking nominations for the class of 2014. Darryl Searer, Hall president, said, “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.” …
One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re …
As shares of IBM rose two percent and fears of a military strike against Syria waned, the Dow gained over 100 points for the second consecutive day. CNNMoney reports the Dow gained 135.54 points, +0.89 percent, to close at 15,326.60. Meanwhile, the Nasdaq nudged down -0.11 percent, -4.01 points to …
Dow Rises over 100 Points again; Tracked Housing Stocks Mostly Gain Read More
Prominent leaders of Myanmar’s (formerly Burma) Buddhist and Muslim communities called for peace between the two religious factions that have been involved in deadly clashes since last year, killing nearly two hundred and displacing 140,000, according to rfa.org. Reports that a Buddhist woman had been assaulted by a Muslim man …
As a military strike against Syria wanes and China reports an uptick of 10.4 percent in industrial output in August, investors grinned as all three major indexes rallied again today. CNNMoney reports the Dow gained 127.94 points, +0.85 percent, to close at 15,191.06. The Nasdaq advanced +0.62 percent, +22.84 points …
Three Major Indexes Rally; Tracked Housing Stocks Close Mixed Read More
