According to the State of the Nation’s Housing report released by Harvard University’s Joint Center on Housing Studies, the housing recovery is well underway, but the millions of borrowers delinquent on their mortgages or underwater continue to pull at the edges of the recovery. In addition, the number of renter …
Harvard Study Cites Critical Shortage of Affordable Housing Read More
Although investors were concerned by rising oil prices and turmoil in Egypt, the three major indexes managed to make minor gains in trading today. CNNMoney reports the Dow Jones Industrial Average advanced +56.14 points, +0.38 percent, to close at 14,988.55. The Nasdaq nudged up 0.30 percent, +10.27 points, …
Three Major Indexes Manage Small Gains; Tracked Housing Stocks Close Mixed Read More
The Spinelock Group in Mansfield, England is planning its first development of 18 energy efficient, modular homes in the central part of the country. Each home is comprised of four modules and when finished will be 30 percent larger than neighboring houses, bright, airy and spacious with energy bills below …
Modular Housing Development Planned for United Kingdom Read More
Manufactured home community owner UMH Properties, Inc. has declared a quarterly cash dividend of $0.18 a share on the company’s common stock payable Sept. 16, 2013 to shareholders of record Aug. 15, 2013. In addition, the board of directors announced a quarterly dividend of $0.51562 per share for the company’s …
U. S. stocks slid slightly as the political turmoil in Egypt and concerns about Friday’s upcoming jobs report gave pause to investors who stepped back from the action. CNNMoney reports the Dow Jones Industrial Average slipped -42.55 points, -0.28 percent, to close at 14,932.41. The Nasdaq nudged down -0.03 percent, …
Three Major Indexes Slide; Tracked Housing Stocks Close Mixed or Even Read More
Real estate investment trust (REIT) Sun Communities, Inc. announces it will release second quarter 2013 financial results before the market opens on Thursday, July 25, 2013 to be followed by a conference call that same morning at 11:00 AM (EST) to discuss the results. To participate, call toll-free 877-941-0844. The …
A key index of manufacturing activity and a rise in construction spending spurred investors to drive all three indexes higher to begin the second half of the year. CNNMoney reports the Dow Jones Industrial Average gained +65.36 points, +0.44 percent, to begin the second half at 14,974.96. The Nasdaq gained …
1) Who, What and Where: (Your name and your formal title at 21st Mortgage).
Tim Williams, CEO and President, 21st Mortgage Corporation.
Although June has been a topsy turvy month for investors, the three major indexes gained two to five percent for the month, and have risen 12-14 percent for the first half of the year. CNNMoney reports the Dow Jones Industrial Average fell -114.89 points, -0.76 percent, to end the month …
Three Major Indexes Finish Half Year Up; Housing Stocks Today Close Mixed Read More
Although the aging-in-place movement for seniors is very strong, an estimated 16 million senior households will be relocating within the next decade, while the number of 65-and-older households is estimated to increase by 9.8 million in the same time span. “Most of these households will opt to age in place …
Harvard’s Housing Study: Affordable Senior Housing may be Scarce Read More
The competition for affordable rental housing resulting from the recession, itself partly a product of the roughly 4.4 million people who lost their homes to foreclosure, has led to a shortage of homes for the extremely low-income sector. Defined as those earning less than 30 percent of the median income …
The Dow had its third-triple digit gain in a row as fears of the end of the Federal Reserve’s stimulus waned. CNNMoney reports the Dow Jones Industrial Average gained 114.35 points, +0.77 percent, to end the day at 15,024.49. The Nasdaq advanced +0.76 percent, +25.64 points, to end the session …
Three Major Indexes Rise, as do Most Tracked Housing Stocks Read More
Following news the Gross Domestic Product (GDP) grew only 1.8 percent in the first quarter, well below the 2.4 percent analysts were hoping for, stocks rallied as investors bet the Federal Reserve will keep the stimulus intact. CNNMoney reports the Dow Jones Industrial Average gained 149.83 points, +1.02 percent, to …
Hope for Continuing Stimulus Sparks Indexes; Tracked Housing Stocks Mixed Read More
Chicago-based real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (NYSE:ELS) announces its board of directors has declared a two-for-one split of the company’s common stock. The stock dividend will be payable July 15, 2013 to shareholders of record as of July 5, 2013. According to wsj.com, the number of …
Sam Zell’s Equity LifeStyle Properties Declares Stock Split Read More
The measure of consumer confidence rose to its highest level since 2008, and a positive report on durable goods as well as from the housing market spurred U. S. stocks upward, as the Dow regained 100 points following losses in recent days. CNNMoney reports the Dow Jones Industrial Average gained …
Major Three Indexes Gain, Housing Stocks Close Mixed Read More
U. S. stocks plunged on news of a large drop in the Chinese stock market as well as lingering concerns about the tapering of the stimulus by the Federal Reserve, regaining some lost ground in the afternoon but still ending one percent down. CNNMoney reports the Dow Jones Industrial Average …
Plunging Indexes Draw Tracked Housing Stocks Down also Read More
Although the Dow and the S&P managed meager gains for the day, stocks fell for the second straight week on continuing fears the Federal Reserve will cease its $85 billion monthly stimulus. CNNMoney reports the Dow Jones Industrial Average nudged up +41.08 points, +0.28 percent, to end the day at …
Tracked Housing Stocks, Three Major Indexes End Week Mixed Read More
The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn yield an improved understanding and respect for the MH Industry at large by investors, professionals or researchers who also find and …
The Big Picture on GSE Reform and Manufactured Housing With much of the industry focused on the implementation of the Dodd-Frank financial reform law and the impact of pending Consumer Finance Protection Bureau (CFPB) regulations on existing sources of manufactured home financing (an effort that MHARR fully supports), a broader, …
MHARR June 19, 2013 Washington Update – Report & Analysis Read More
Federal Reserve Chairman Ben Bernanke’s words that the Fed will exit its support of the market likely by next year reverberated through the market today, sending investors heading for the exits and the Dow into a tailspin. CNNMoney reports the Dow Jones Industrial Average plummeted -353.87 points, -2.34 percent, to …
Fears of Fed Withdrawing Stimulus Spooks Investors Read More
