On the heels of reaching a near-record high last week, the weight of Eurozone politics held sway, sending the Dow down over one hundred points. CNNMoney reports the Dow Jones Industrial Average fell -0.93 percent, -129.71 points, to end the day at 13,880.08. The Nasdaq dropped -1.51 percent, -47.93, to …
All Three Indexes Fall; Cavco and Patrick Take a Tumble Read More
Daily Markets informs MHProNews the $33.8 billion in multifamily loans that Fannie Mae and its lenders processed in 2012 builts nearly 560,000 units of housing. “In 2012 the multifamily market was strong, with solid fundamentals remaining in place,” said Jeffery Hayward, Senior Vice President, Head of the Multifamily Mortgage Business, …
Signs of an apparent healthy economy pushed the Dow above 14,000. for the first time since 2007, and less than 200 points from its all time high of 14,198.10. Good news from the job market, the manufacturing sector, construction spending and consumer sentiment spurred all three indexes over a one …
Dow Tops 14,000; Gains Spread over Most Stocks we Follow Read More
Although the first month of the year was very strong, with the Dow climbing over 500 points since the year’s beginning, investors clung to the sidelines today as initial jobless claims came in higher than economists expected. CNNMoney reports the Dow Jones Industrial Average nudged down -0.36 percent, -49.84 points, …
Nobility Shines, most Stocks Move Little as Month Ends Read More
While stocks remain near all time highs, they fell slightly today on news the economy contracted in Q4 2012. Meanwhile, the Federal Reserve says it will keep its bond-buying program intact. CNNMoney reports the Dow Jones Industrial Average nudged down -0.32 percent, -44 points, to end the day at 13,910.42. …
RTTNews says Equity LifeStyle Properties (ELS) reports revenues for Q4 2012 increased to $171.93 million from $162.32 million for the same period in 2011. Funds from operations (FFO) for the fourth quarter hit $50.3 million, or $1.11 per share, as compared to $44.8 million, or $0.99 per share for the …
A report showing home prices posted their biggest increase in six years was weighed down somewhat by an unexpected drop in consumer confidence. Meanwhile, the Dow and S&P approached new all time highs, currently 14,164 and 1,565, respectively, from Oct. 2007. CNNMoney reports the Dow Jones Industrial Average nudged up …
Skyline, Nobility Gain Nicely; Dow, S&P Approach Records Read More
Investors hung back against the wall of the dance floor despite positive economic and corporate news, cautious about pushing prices higher following four strong weeks of gains, as the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average dropped -0.10 percent, -14.05 points, to end the day …
Positive Economic Indicators Move Sluggish Stocks Little Read More
by L. A. ‘Tony’ Kovach “This was the best Louisville Show in 10 years.” So said Nathan Smith of SSK Communities, capturing the sentiments of well over a thousand attendees about the 2013 LouisvilleManufacturedHousingShow.com. Gary Boerner, a factory-built homes sales manager, said: “Norris Homes had not displayed at the Louisville …
Just as investors were tasting a flurry of better than anticipated corporate earnings, the S&P closed above 1500 for the first time since 2007, moving all three indexes into the plus column as the week ends. CNNMoney reports the Dow Jones Industrial Average moved up +0.51 percent, +70.65 points, to …
Investors focused again on corporate financials as U.S. Stocks closed mixed, while a falling Apple stock pulled down the Nasdaq. CNNMoney reports the Dow Jones Industrial Average gained +0.33%, +46 points, to end the day at 13,825.33. The Nasdaq fell -0.74%, -23.29, to close at 3,130.38, while the S&P gained …
Patrick, Drew Advance; Major Indexes Change Little Read More
The National Association of Home Builders (NAHB) says the demand for housingfor those 55 and older will increase through 2020 as the boomers age. Says the NAHB’s Paul Emrath, “We expect to see an increased demand for 55+ housing as more baby boomers turn 55 and seek homes and communities …
Insidermonkey reports while the stock of some of the nation’s largest traditional home builders rose tremendously in 2012, investors should pay attention to manufactured home companies. Specifically, while noting the MH industry is at a distinct disadvantage because of the government’s support of the mortgage purchase programs, nevertheless Clayton Homes’ …
Corporate earnings and tech stocks helped push all three major indexes into the plus column again today as the Dow and S&P set new five-year highs. CNNMoney reports the Dow Jones Industrial Average gained +0.49%, 67.12 points, to end the day at 13,779.33. The Nasdaq moved up +0.33%, +10.49, to …
Positive corporate earnings reports inspired investors as the Dow and the S&P rose to their highest levels since Dec. 2007. CNNMoney reports the Dow Jones Industrial Average gained +0.46%, 62.43 points, to end the day at 13,712.13. The Nasdaq moved up +0.27%, +8.47, to close at 3,143.18, while the S&P …
Skyline Spikes, Patrick Sputters, Dow and S&P Hit 5-year High Read More
Although the Dow and the S&P moved up just enough at the close of the day to hit five-year highs ending the week, the Nasdaq finished in the red. Meanwhile, investors were busy digesting corporate financial reports. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.68 points, …
News from the government about a sharp rise in new home construction led to a three percent plus rise in the stocks of home builders Pulte Group and Toll Brothers, and helped push the three indexes higher, leading the Dow close to a five-year high. CNNMoney reports the Dow Jones …
In a letter obtained by MHProNews addressed to members of the National Communities Council (NCC), Chairman David B. Lentz states members can overcome the challenges and embrace the opportunities presented to the manufactured housing industry, especially in light of the recovering economy. Noting the NCC is the only division of …
NCC’s Lentz: Attend Legislative Conference to Show Support Read More
NapaValleyRegister informs MHProNews John Tuteur, assessor in Calistoga, Calif. clarifies the difference in how owners of manufactured homes pay taxes. Homes that were installed before June 30, 1980 are dunned $16 per year for an in-lieu property tax, much like an automobile registration. Approximately 405 of the 523 factory-built homes …
Investors concerns about the debt ceiling and the global economy were reflected in U.S. stocks and the three major indexes which closed mixed today. CNNMoney reports the Dow Jones Industrial Average edged down -0.17 percent, -23.66 points, to end the day at 13,511.23. The Nasdaq gained +0.22 percent, +6.76 points, …
Most Tracked Housing Stocks Dip; Three Major Indexes Mixed Read More
