The Institute for Supply Management’s monthly manufacturing index for March registered 51.3., lower than estimates of 54.0 and also below the Feb. numbers, according to CNNMoney, which also noted that many traders had not returned from the holiday weekend. The three major indexes closed down slightly. The Dow Jones Industrial …
While the last day of the first quarter’s trading ended on a relatively quiet note, the S&P index nudged to a record high, 1569.19, about four points higher than its previous record set in Oct. of 2007. In addition, the Dow, besides setting a new record, is up eleven percent …
InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and rentals, and no exposure to commercial or retail properties, it is wildly profitable. Although it is considered a small-time real estate investment …
Investors were cautious in trading today as they await the re-opening of banks in Cyprus that have been closed since March 16, resulting in mixed stocks on U. S. markets. CNNMoney reports the Dow Jones Industrial Average moved down -0.23 percent, -33.49 points, to close at 14,526.16. The Nasdaq gained …
Patrick Re-Gains Lost Ground; Cyprus Continues to Worry Investors Read More
According to lehighvalleylive residents of Greenbriar Valley manufactured housing community (MHC) in east-central Penn. allege owner Equity LifeStyle Properties, Inc. (ELS) is unjustly raising their rents and they are seeking protection, as they approach April 18 when rents for the 319 site community will rise again. One residents says his …
According to EarthTechling, Panoramic Interests is developing a LEED Platinum, 23 modular- unit housing development in a building in San Francisco with solar water heating, low flow faucets, water cachement and other green features packed into 295 square foot units with natural light and ventilation. The 16 modules were built …
Better-than-expected news on the housing market and durable goods orders pleased investors as the Dow topped 100 points and the other two major indexes gained as well. CNNMoney reports the Dow Jones Industrial Average moved up +0.77 percent, +111.90 points, to close at 14,559.65. The Nasdaq gained +0.53 percent, 17.18 …
Dow Gains 100+ Points; Tracked Housing Closes Mixed Read More
U.S. stocks slipped in today’s trading as investors expressed concerned about the financial crisis in Cyprus and how that might affect the ongoing troubles in Eurozone countries. CNNMoney reports the Dow Jones Industrial Average dropped -0.44 percent, -64.28 points, to close at 14,447.75. The Nasdaq fell -0.30 percent, -9.70 points, …
Major Indexes Nudge Down; Tracked Housing Stocks Mixed Read More
U. S. stocks responded to hopes that Cyprus will resolve its banking problem, as the three major indexes all inched upwards to end the week. CNNMoney reports the Dow Jones Industrial Average gained +0.63 percent, +90.54 points, to close at 14,512.03. The Nasdaq moved up 0.70 percent, 22.40 points, to …
The weight of lagging tech stocks, especially a tepid sales report from Oracle for the third quarter, pulled down all three indexes in today’s trading session. Additionally, the ongoing financial crisis in Cyprus fed into investors’ caution as well. CNNMoney reports the Dow Jones Industrial Average lost -0.62 percent, -90.24 …
MySuncoast reports from Venice, Fla. a magistrate in Sarasota County determined property taxes on some of the 19,000 manufactured homes in the county were improperly increased between 22 percent and 90 percent because the property appraiser’s office did not abide by Florida statutes. Although the companies that own the communities …
U. S. stocks slid on troubling financial news from the tiny island of Cyprus, reminding financial markets of the fragile nature of the European economy, although analysts do not think the effect will be very long-lasting. CNNMoney reports the Dow Jones Industrial Average edged down -0.43 percent, -62.05 points, to …
Skyline Regains Less than Half of Friday’s Loss; Major Indexes Slip Read More
MHI News MHI Holds Productive Legislative Conference and Winter Meeting MHI’s 2013 Legislative Conference and Winter Meeting, held February 24th through 26th in Crystal City, VA just outside of Washington, DC, proved to be a success with 83 industry leaders attending, similar to last year’s meeting of 84 attendees. The …
An unexpected drop in the Thomson Reuters/University of Michigan consumer sentiment index ended the Dow’s ten day winning steak, the best run since 1996. CNNMoney reports the Dow Jones Industrial Average edged down -0.17 percent, -25.03 points, to close at 14,514.11. The Nasdaq fell -0.30 percent, -9.86 points, to close …
The unexpected drop in first-time jobless claims combined with recent reports of a falling unemployment rate kept the Dow going as it experienced ten consecutive days of gains, the best run up since 1996. CNNMoney reports the Dow Jones Industrial Average added +0.58 percent, +83.86 points, to close at 14,539.14. …
Spurred on by better-than-expected Feb. retail sales, the Dow closed at an all-time high for the seventh straight day; the S&P is less than one percent below its best reading which it reached in 2007. CNNMoney reports the Dow Jones Industrial Average added +0.04 percent, +5.22 points, to close at …
GTWeekly informs MHProNews residents and former residents of De Anza Mobile Home Park in Santa Cruz, Calif. gathered recently to discuss the community’s loss of rent control in 2003 after a four-year federal battle between the city and what is now Equity LifeStyle Properties (ELS). The judge ruled rent control …
MarketWatch reports Sun Communities, Inc. intends to offer 4,500,000 shares of its common stock in a underwritten registered public offering. Proceeds will be used to repay debt, fund acquisitions, and for general corporate purposes. As underwriters, Bank of America Merrill Lynch, Citigroup, and BMO Capital Markets will have a 30-day …
Although all three indexes are up seven to ten percent for the year, the U. S. stock market took a breather today after choppy trading on the big board. Some analysts speculate a pullback may be in the works, and that it would be a healthy thing for the market. …
Investors Step Back; Most Housing Stocks We Cover Drop Read More
PRNewswire reports from Freehold, NJ, MHC owner operator UMH Properties, Inc. announces its financials for 2012 and the Q4 2012. Its Core Fund from Operations (FFO) grew from $9,218,000 for the year ending Dec. 31, 2011 to $10,010,000 year-over-year 2012. Total income increased from $39,313,000 in 2011 to 46,828,000 in …
