Investors were spurred on by positive economic data and talk that a budget compromise will be reached before the March 27 deadline, leading the Dow to a fifth straight record day as all three indexes rose. CNNMoney reports the Dow Jones Industrial Average moved up +0.35 percent, +50.22 points, to …
A better than anticipated jobs report and drop in the unemployment rate pushed the Dow to another new high. All three major indexes are now up between seven and nine percent on the year, and two percent this week. CNNMoney reports the Dow Jones Industrial Average moved up +0.47 percent, …
MHProNews has learned that the latest totals for manufactured home community professionals as well as builder/developers registered for the 2013 Tunica Show has more than doubled over last year at this time. Manufactured Home Retailer registrations are up some 22.5% over the same time in 2012. In a statement, show …
MH Community, Retailers and Builder/Developers Swell Read More
The lower-than-expected first-time unemployment claims and (anticipated) better-than-expected job growth for Feb. pushed the Dow to another new record today, as all three indexes advanced. CNNMoney reports the Dow Jones Industrial Average moved up +0.23 percent, +33.25 points, to close at another record high of 14,329.49. The Nasdaq gained +0.30 …
Dow Climbs Higher; Tracked Housing Stocks Fairly Static Read More
Investors rejoiced that economists predict 175,000 jobs will have been added in Feb., further driving the Dow to another new record today. While some analysts suggest there may be a pullback, “There’s more and more confidence that the economy is on firmer footing,” according to Bill Stone of PNC Wealth …
The Dow hit a new high today at 14,286.37, topping the intraday and closing records set in 2007.CNNMoney reports the Dow Jones Industrial Average moved up, gaining +0.80 percent, +113.28 points, to close at a record high of 14,241.10, having gained nine percent since the beginning of the year. The …
Dow Hits New Record High; Tracked Housing Stocks Mostly Gain Read More
Effective February 25, 2013, Nathan Smith assumed the Chairman’s role for MHI. A partner in SSK Communities, Smith has been an active participant within MHI most recently serving as Vice Chairman. Smith previously served as MHI Treasurer, and currently chairs the Government Relations Committee, and has been a member of …
MHI News Alert – Leadership Transition Announced – Smith Becomes MHI Chairman Read More
The sequestration budget cuts did not seem to deter investors as all three indexes inched higher, the Dow getting ever closer to its all time high set in Oct. 2007. Joe Bell, senior market analyst at Schaeffer’s Investment Research, says, “It’s encouraging to see the market shrug off things that …
Killam Properties, Inc. says the company has partnered with Corporate Research Associates to offer residents of its manufactured housing communities and apartments the opportunity to offer suggestions and opinions through on-line surveys. Participation is voluntary, personal information will not be shared, and responses will be collected in aggregate and not …
StreetInsider informs MHProNews that UMH Properties, Inc. (NYSE:UMH) has finalized its deal for ten all-age MHCs for $67,500,000, a total of 1,654 developed home sites to add to its portfolio. The acquisition includes five communities in Ind., four in Penn., and one in Mich., with an average occupancy of 85 …
Wall Street investors were in no hurry to move far from the wall of the dance floor on the first day of March, but did manage to keep the three major indexes on the positive side, despite concerns abut gridlock in Washington and uncertainty overseas. CNNMoney reports the Dow Jones …
Patrick Jumps up, but Most Stocks we Cover are Quiet Read More
According to the National Association of Home Builders (NAHB), even as the housing market begins to improve, the bottleneck of tight credit for builders as well as for consumers remains an obstacle to a much more robust recovery. Some materials producers closed plants and idled workers, and they are reluctant …
As the Dow fell short of its all-time high, investors backed away from U. S. stocks as tepid economic data trumped the drop in first-time unemployment claims. CNNMoney reports the Dow Jones Industrial Average rolled back slightly from its new five-year high, dropping -0.15 percent, -20.88 points, to end the …
Dow Falls Short of Record; Tracked Housing Stocks Lackluster Read More
OurMidland reports grants from two community development organizations have helped the United Athletes Foundation (UAF) launch their $100 million tax credit equity fund program to invest in low to moderate mixed-income residential rental properties throughout the nation, and encourage corporations to do the same. A 501 © (3), UAF is …
Stocks rallied on hump day, rising throughout the trading session, in response to news that pending homes sales in Jan. rose to their highest level in almost three years, and Federal Reserve Chairman Ben Bernanke’s testimony before Congress that the Fed’s bond buying policies would continue to support the economy. …
From Freehold, NJ, gmnews reports Gene Landy and Sam Landy and UMH Properties, Inc., have been honored by the Monmouth (NJ) Council, Boy Scouts of America, for their leadership and philanthropy in support of the scout movement. Council President Kurt Kalafsky said, “This recognition reflects Gene and Sam’s dedication to …
Under Massachusetts law, MHC residents have the opportunity to match an offer by a third party to buy their community once it is offered for sale. Wheel Estates’ owner Morgan Management has a signed purchase agreement from Real Estate Seekers LLC for $2.73 million for the North Adams, MA community …
Positive economic data and Fed Chairman Ben Bernanke’s words to Congress indicating the bond-buying program of the Fed will continue helped stocks regain some of their losses yesterday. CNNMoney reports the Dow Jones Industrial Average regained +0.84 percent of the 1.55% lost yesterday, +115.96 points, to end the day at …
After a run-up at the beginning of the day, investors took a break and engaged in a late-day sell off as concerns mounted over possible political instability in Italy, although some analysts suggested the three major indexes needed a cooling off period after running at records. In the end, the …
Nobility Runs Up; Indexes, other Housing Stocks Run Down Read More
Better than expected corporate returns from Hewlett-Packard and insurance giant AIG helped boost U.S. stocks, adding nearly one percent to the three major indexes. CNNMoney reports the Dow Jones Industrial Average gained 0.86 percent, +119.95 points, to finish at 14,000.57. The Nasdaq advanced +0.97 percent, +30.33 points, to close at …
