A series of poor corporate earnings led to a broad sell-off by investors, as the Dow fell by over 100 points and the other two major indexes dropped as well. CNNMoney reports the Dow Jones Industrial Average fell -138.19 points -0.94 percent, to end the day at 14,618.59. The Nasdaq …
Stock Sell-Off Drops Most Tracked Housing Stocks, Three Major Indexes Read More
Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews the Iowa Senate has passed SF 295, a property tax credit system comparable to how the homestead credit system works. Commercial tax payers have to make a one-time application. The fund begins at $50 million, and increases each year …
Iowa Legislature Considering Property Tax Amendment Read More
The stock market rebounded from the explosions at the Boston Marathon and the downturn in the Chinese economy that set the stage for the worst one-day sell-off this year, as each of the three indexes gained over one percent, in part on positive news from the housing industry. CNNMoney reports …
According to a story MHProNews posted April 8, 2013 about Northstar Realty Finance Corp. acquiring 71 manufactured housing communities at a cost of $865 million based on information we received from the National Real Estate Investor (nreionline), we now learn from BusinessWire that RHP Properties, Inc. of Farmington Hills, Mich. …
The slowing of Chinese industrial growth in the first qurter of 2013 had already lowered U. S. stocks when word arrived of the explosions at the Boston Marathon, which sent the Dow 120 points lower. The Nasdaq and S&P both dropped over two percent. CNNMoney reports the Dow Jones Industrial …
Marathon Bomb Shocks Housing Stocks and Indexes to Drop Read More
As was discussed in greater detail at the March 28, 2013 MHARR Board of Directors meeting, there is growing evidence that industry competitors, special interests and certain regulators are attempting to transform a congressionally-mandated Government Accountability Office (GAO) investigation of HUD’s continuing non-compliance with the Manufactured Housing Improvement Act of …
Most Serious Assault on Federal Program to Date Warrants Strong Stand by Industry Read More
MHI News Calendar Alert: 2013 NCC Fall Leadership Forum Announced The National Communities Council is excited to announce the addition of a new leadership and networking event to be known as the NCC Fall Leadership Forum. The event will be held on October 16-18 at the W Hotel in downtown …
The Dow Jones and the S&P 500 both continued their climb, hitting new record highs as the three major indexes made modest gains in trading today. CNNMoney reports the Dow Jones Industrial Average gained +0.42 percent, +62.9 points, to end the day at 14,865.14, one percent shy of 16,000. The …
MHI’s National Communities Council (NCC) has announced that it is expanding its current slate of networking and business building opportunities by creating a new flagship leadership and networking event to be held each fall. The first annual NCC Fall Leadership Forum will be held On October 16-18, 2013 at the …
Upon the release of Federal Reserve minutes saying the quantitative easing will continue through mid 2013, investors roared their approval, pushing the Dow and S&P to close at new record highs. CNNMoney reports the Dow Jones Industrial Average advanced +0.88 percent, +128.78 points, to end the day at 14,802.24. The …
Dow, S&P Hit New Highs; Tracked Housing Stocks Minus One Advance Read More
Stocks started the day slow but were energized in afternoon trading as corporate returns began trickling in, pushing the Dow to a new high. CNNMoney reports the Dow Jones Industrial Average advanced +0.41 percent, +59.98 points, to end the day at 14,673.46. The Nasdaq gained +0.48 percent, +15.61 points, to …
Dow Hits New High while most Tracked Housing Stocks Lose Ground Read More
UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by …
The three major indexes made modest gains in trading today as investors anticipate first quarter corporate returns. CNNMoney reports the Dow Jones Industrial Average nudged up +0.33, +48.23 points, to end the day at 14,613.48. The Nasdaq gained +0.57 percent, +18.39 points, to close at 3,222.25, while the S&P advanced …
Updating a story MHProNews covered Sept. 5, 2012 regarding the closing of two MHCs in State College, Penn., a graduate of Penn State University and fellow church congregant with residents of the communities is sponsoring a benefit to assist those displaced by the closings. Musician Pat Elliott has organized the …
MarketWatch reports Denver-based YES! Communities has acquired a portfolio of 64 manufactured housing communities (MHCs) comprised of 14,000 home sites mostly in the Atlanta and Dallas metropolitan markets, but also including Corpus Christi and El Paso, Texas, as well as Las Cruces and Las Alamos, New Mexico. With the completion …
Following up on an earlier post concerning legislation that a California manufactured home owners association is promoting in the state legislature, santamariatimes informs MHProNews SB 510 addresses the conversion of MHCs to resident owned communities/sites and condos. The new measure gives local jurisdictions authority to determine by survey if at …
Updating a story we posted Feb. 27, 2013 concerning residents of Wheel Estates MHC in North Adams, Mass. trying to buy their community, iberkshires informs MHProNews the nearly $4 million loan went through, financing managed by ROC (resident-owned communities) USA of New Hampshire. For years residents have allegedly complained the …
A graph following the ups and downs of the Dow Jones Industrial Average looks like a series of jagged rocky mountains, as the Dow climbed to nearly 14,625. and dipped as low as 14,552.50, finally settling at 14,606.11, adding +0.38 percent, up 55.76 points for the day, according to CNNMoney. …
According to thenewstribune, Tumwater City Council member Betsy Spath will resign her position effective April 30, 2013 because she is leaving her position as a geriatric care manager for a law office and moving out of state. In addition to protecting manufactured housing communities in the city while on the …
Strength in the health care sector sent the Dow to another record high, as all three indexes advanced in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained +0.61 percent, +89.16 points, to close at 14,662.01. The Nasdaq moved up +0.48 percent, +15.69 points, to close at 3,254.86, while …
