Although the Dow has risen over seven percent for the year, investors’ current caution in advance of next week’s corporate earnings reports and ongoing concerns about China and Europe led to a two percent + drop in the Dow this week. CNNMoney reports the Dow Jones Industrial Average rose a …
Nobility and Housing Composite Rise, Skyline Falls Read More
KOTARadio in Rapid City, South Dakota tells MHProNews the Legal and Finance Committee denied a proposed ordinance to allow modular homes into manufactured housing communities, without discussion. In limbo for a number of months, at a previous committee meeting members expressed concern the ordinance might allow manufactured housing into other …
Stocks rose on lowered reported jobless claims, but then fell on news the numbers were incorrect, leaving the three major indexes to move less than 0.15 percent in either direction. Trading is not anticipated to be particularly active in advance of the presidential elections next month. CNNMoney reports the Dow …
Patrick Spikes, Nobility Slides, Three Indexes on Fence Read More
With analysts expecting a boatload of Q3 corporate earnings reports next week to show a 1.2 percent decline, as well as concerns about China’s slowing economic growth, all three indexes closed lower today. CNNMoney reports the Dow Jones Industrial Average fell -0.95 percent, -128.56 points, to close at 13,344.97, while …
Housing Composite Gains, Patrick Drops, not much Change Read More
Although U.S. stocks fell today as investors prepare to sift through Q3 corporate earnings reports, the Dow is five percent below its all time high of 14,146.53, set five years ago today. CNNMoney reports the Dow Jones Industrial Average fell -0.81 percent, -110.12 points, to close at 13,473.53, while the …
Reuters reports Sun Communities, Inc. is purchasing four eastern Michigan manufactured housing communities from a group of Rudgate affiliated entities for $70.8 million comprised of 1,996 manufactured home sites. Sun is also financing two other Rudgate communities, which it will then manage, also in eastern Michigan, comprising 1,598 manufactured housing …
Despite rather good news in the U.S. last week about job growth and falling unemployment rates, the World Bank predicted a slowdown in growth in Asia, encouraging investors to stay against the wall, as all three indexes slid slightly. CNNMoney reports the Dow Jones Industrial Average fell -0.19 percent, -26.5 …
The Wall Street Journal reports billionaire investor Sam Zell is expected to choose Thomas Heneghan, now CEO of Equity LifeStyle Properties, Inc. (ELS), to replace Gary Garrabrandt as head of Equity International, Zell’s global real estate investment arm. Investors in Equity International (EI) must approve Zell’s choice, but could also …
While the jobs report was slightly better than expected, and the unemployment rate fell, it was not enough to ease the minds of investors concerned about the sluggishness of the overall economy. CNNMoney reports the Dow Jones Industrial Average advanced +0.26 percent, +34.79 points, to close at 13,610.15, while the …
Mortgage applications, growth in the U.S. service sector and private sector payrolls helped to boost the stock market today, but concerns about growth in Europe and Asia trumped the positive, leading to modest gains for the three major indexes. CNNMoney reports the Dow Jones Industrial Average advanced +0.09 percent, +12.25 …
Deer Valley, Cavco, Patrick and Drew Register Nice Gains Read More
Spain’s banking woes sent a chill through investors who remained cautious, staying against the wall with their hands in their pockets, as all three indexes moved less than a quarter of a point in either direction. CNNMoney reports the Dow Jones Industrial Average dropped -0.24 percent, -32.75 points, to close …
Nobility Spikes, Patrick Drops, Housing Composite Gains Read More
U.S. stocks rallied today on better-than-expected manufacturing news, but fell back after Federal Reserve Chairman Ben Bernanke defended the Fed’s latest stimulus action and suggested it was time for Congress to act. CNNMoney reports the Dow Jones Industrial Average gained +77.98 points, +.58 percent, to close at 13,515.11, while the …
Real Estate Investment Trust (REIT) Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for the third quarter, payable Oct. 19, 2012 to shareholders of record Oct. 10, 2012. The company has 29.7 million shares outstanding, according to Yahoo!Finance. Based in Southfield, Mich., MHProNews understands Sun owns …
Even though the third quarter ended on a somewhat sour note, it proved to be quite strong. Additionally, for the year the Dow is up ten percent, the Nasdaq has gained 15 percent, and the S & P has ended Q3 20 percent higher. On the day, however, investors were …
Indexes up for the Year, but Edged Down for the Day Read More
Marcus & Millichap’s Michael Glass says for commercial real estate investors seeking to diversify their portfolio, the stabilizing housing market and resurgence in financing can make manufactured housing communities a good investment. In particular he notes age-restricted MHCs in prime markets are not increasing in number, leading to competition among …
CNNMoney reports Spain’s government released a budget documenting budget cuts, giving investors some hope and inspiration as U.S. stocks ended a five-day losing streak. The Dow Jones Industrial Average moved up +72.46 points, +0.54 percent, to close at 13,485.97, while the Nasdaq gained +1.39 percent to 3,136.60. The S&P advanced …
Patrick, Skyline, LPX, UFPI and Housing Composite Gain Nicely Read More
Despite good news from the housing market and positive consumer confidence reports, investors were more focused on the what they see as a tepid global economy, as the three major indexes all dropped. CNNMoney reports the Dow Jones Industrial Average slid down -101.37 points, -0.75 percent, to close at 13,457.32, …
Although markets are near their highs, investors backed away from stocks on news the global business climate is not doing well, as the three major indexes dropped. CNNMoney reports the Dow Jones Industrial Average inched down -0.15 percent, -20.55 points, to close at 13,558.92, while the Nasdaq dropped -0.60 percent …
The heraldtribune reports from Florida the recent sale of several MHCs for $60,000 plus per home site has unleashed the reassessment of some of the communities, driving up their taxes. Equity Lifestyle Properties, Inc. purchased Lake Village in Nokomis, Fla., just south of Sarasota for $23.7 million, and is now …
U.S. stocks overall advanced during the day, then faltered as investors took in the global economic picture, to close with little change. CNNMoney reports the Dow Jones Industrial Average inched down -0.13 percent, -17.46 points,closing at 13,579.47, while the Nasdaq gained +0.13 percent to 3,179.96. The S&P lost -0.01 percent …
Skyline Advances Well, but Modest Movement Elsewhere Read More
