1) Who, What and Where: (Your name and your formal title at your company.)
Michael Evans C.E.O. Centennial Management, Inc. Corporate offices are in Aberdeen S.D. We currently operate 9 retail locations in MT, ND, and SD. We have been in business for 43 years.
After having raised $100 million from Citi, Morgan Stanley, Prudential Financial, Inc., the John D. and Catherine t. MacArthur Foundation and the Ford Foundation, the new Housing Partnership Equity Trust (HPET) is collaborating with 12 nonprofit housing providers to invest in affordable rental housing. The goal is to provide low-cost …
BizJournals reports RHP Properties of Farmington Hills, Mich. has acquired Countryside Village manufactured housing community in Jacksonville, Fla. for $31.3 million from Denver-based ARC Managements Services LLC. The acquisition includes vacant land along Beach Boulevard. According to Duval County records, the property contains 114 structures on 106 acres. Two independent …
Technology stocks spurred a rally that sent the S&P 500 to a record high, the Nasdaq to its highest level in over a dozen years, and the Dow to over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +106.20 points, +0.72 percent, -to end the day at 14,818.75. …
According to what the americanbanker tells MHProNews from Washington, a bipartisan group of lawmakers is attempting to amend a provision that will adjust the thresholds of high-cost loans under the Home Ownership and Equity Protection Act for manufactured home loans, while maintaining consumer protections. Under the current provision scheduled to …
Amendment to High Cost Lending Provision has Bi-partisan Support Read More
Washington, DC – In an effort to protect more than 22 million Americans living in manufactured homes, Congressmen Stephen Fincher (R-TN), Bennie Thompson (D-MS), and Gary Miller (R-CA) today introduced the bipartisan Preserving Access to Manufactured Housing Act to protect the availability of financing for affordable manufactured housing, a critical …
Positive Energy Flows at the 2013 National Congress & Expo for Manufactured and Modular Housing MHI would like to thank the 830 attendees, speakers, sponsors, and exhibitors that helped make the 2013 Congress & Expo for Manufactured and Modular Housing a great event. Attendance was up 18 percent over last …
Although gross domestic product (GDP) increased in the first quarter, it fell short of economists’ expectations, another sign that the Federal Reserve’s pumping of billions of dollars into the economy is not producing the results hoped for. Nonetheless, although the three major U. S. indexes are up over one percent …
Nobility Highlights Housing Stocks; Major Indexes up on the Week Read More
MarketWatch informs MHProNews real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) reports its funds from operations (FFO) in the first quarter of 2013 were $30.7 million, or $.90 per share versus $25.7 million for the same period in 2012, or $.89 per share. Net income attributable to common shareholders …
A better-than-expected jobless claims report buoyed the stock market today as CNNMoney reports the Dow Jones Industrial Average managed a +24.5 point gain, +0.17 percent, -to end the day at 14,700.90. The Nasdaq moved up +0.62 percent, +20.34 points, to close at 3,289.99, while the S&P advanced +0.40 percent, gaining …
During testimony before the House Ways and Means Committee on residential real estate and tax reform, Robert Dietz of the National Association of Home Builders (NAHB), noting 40 percent of renters pay more than 30 percent of their income for household rent, urged Congress to maintain the mortgage interest deduction, …
Mediocre earnings reports and a drop in durable goods orders of -5.7 percent in March left many U. S. stocks flapping in the breeze, going nowhere, as the three major indexes moved little or not at all. CNNMoney reports the Dow Jones Industrial Average slid -0.14 percent, -43.16 points, to …
Patrick, Skyline Corp. Shine; Major Indexes Barely Move Read More
Yesterday’s report that existing home sales declined in March was countered by today’s news that new home sales rose in last month, helping to push all three major indexes to gains above one percent on the day. The fake Associated Press report that two explosions rocked the White House, injuring …
Deer Valley Spikes, Cavco, Patrick Advance; Major Indexes Gain 1%+ Each Read More
BizJournals informs MHProNews Yogi Bear’s Jellystone Park in New York’s Wyoming County has been acquired by Sun Communities, Inc. of Southfield, Mich. The 100-acre family camping resort, which includes cabins, tent and RV sites, has been owned and operated by Sue and Scott Crumpton since 2004, and has a variety …
Despite a disappointing housing industry sales report and mixed news from several Fortune 500 companies, the three indexes managed modest gains to begin the week. CNNMoney reports the Dow Jones Industrial Average managed to add +0.14 percent, +19.66 points, to end the day at 14,567.17. The Nasdaq moved up +0.86 …
Three Major Indexes Nudge up Despite Poor Housing News Read More
MHProNews has learned from the burlington freepress in Vermont that residents of Windemere Mobile Home Park in Colchester, VT may finally realize a solution for the low water pressure and sewage problems in their community. Owned by the non-profit Housing Foundation, Inc. (HFI)n the 83 homesites have a water supply …
Although the stock market suffered its worst week of the year with all three indexes having lost over two percent, they did manage to end the day on a positive note, as the Nasdaq gained over one percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.07 percent, +10.37 …
Cavco, Skyline Gain; Major Indexes Down on the Week Read More
Individuals and companies were honored for outstanding achievement in the manufactured and modular housing industry at the 2013 National Congress and Expo awards luncheon held in Las Vegas April 17, 2013. Those recognized for their contributions are as follows: LAND-LEASE COMMUNITY OF THE YEAR (Northeast/Mid-Atlantic)—Calverton Meadows, Calverton NY (South) – …
National Industry Leaders Honored at 2013 Congress and Expo Read More
Stocks slid for a second consecutive day on tepid news from the technology and financial sectors, which some are terming an “overdue sell-off,” as all three major indexes nudged downward. CNNMoney reports the Dow Jones Industrial Average fell -0.56 percent, -81.45 points, to end the day at 14,537.14. The Nasdaq …
UFPI Registers Significant Gain; Three Major Indexes Fall Read More
Following up on a story MHProNews posted April 17 concerning residential rental property in the Iowa legislature that would provide a tax break for manufactured housing communities, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) says the House rewrote SF 295 that the Senate had passed and returned it …
