While the drought in the Midwest is spiking the price of corn and a stable solution to the European debt crisis seems to slip away, investors took a back seat to the market as several Blue Chip companies turned in less than rosy corporate earnings reports for Q2 2012. As …
Investors stepped back on concerns about Q2 corporate results and the drop in value of the Euro as all three indexes fell slightly. CNNMoney reports the Dow Jones Industrial Average dropped -36.03 points, -0.28%, to close at 12,736.44. The Nasdaq fell -0.19 percent to 2,931.77, while the S&P lost -0.16 …
MHI to Testify on Impact of Dodd-Frank on Manufactured Housing MHI will testify July 11th at a hearing before the House Financial Services Subcommittee on Financial Institutions and Capital Markets on the impact of the Dodd-Frank Act’s home mortgage reforms. MHI, the only manufactured housing industry association to testify, will …
The Labor Department’s report that only 80,000 jobs were added in June posed a scary prospect for the overall economy that kept investors along the wall, as all three indexes lost ground. CNNMoney tells us the Dow Jones Industrial Average dropped -124.2 points, -0.96%, to close at 12,772.47. The Nasdaq …
Tepid economic data, including a drop in retail sales, sent the market down earlier in the day, but led investors to hope meaningful central bank action will be forthcoming. CNNMoney tells us the Dow Jones Industrial Average dropped -47.15 points, -0.36%, to close at 12,896.97. The Nasdaq rose +0.04 points …
RVBusiness tells us that Ellen Kelleher, vice president-property management at Equity Lifestyle Properties (ELS) for almost 20 years, is retiring at the end of the year. Her duties will be assumed by others in the organization. Other personnel changes, and their new positions include: Peter Underhill, senior vice president-revenue management; …
An increase in factory orders and strong auto sales boosted investors’ confidence for a shortened trading day that ended at 1 PM in anticipation of the Independence Day holiday, as all three indexes closed on a positive note. CNNMoney tells us the Dow Jones Industrial Average gained +72.43 points, +0.56%, …
Dow and Most Tracked Housing Stocks Gain on Short Trading Day Read More
SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) …
The drop in U.S. manufacturing activity in June for the first time in almost three years was tempered by investors’ hopes the Federal Reserve would provide some stimulus for the sluggish economy, as stocks closed mixed for the first day of the second half of 2012. CNNMoney tells us the …
REIT (real estate investment trust) Sun Communities, Inc. reports from Southfield, Michigan its board of directors has declared a quarterly dividend of $0.63 per share for the second quarter of 2012, payable July 20, 2012 to share holders of record July 10, 2012. According to RTT News, Sun reported a …
Investors applauded the deal reached by European leaders to assist struggling banks, pushing the Dow Jones Industrial Average up by nearly 300 points. CNNMoney reports the Dow spiked 277.83 points, +2.20%, to finish at 12,880.09. The Nasdaq roared up a full +3.00 percent to 2,935.05, while the S&P gained +2.49 …
Stocks Roar into Second Half of 2012; Housing Stocks Respond Well Read More
MHProNews has just learned of the passing of George Goldman on May 6, 2012. Entrepreneur, real estate investor, and philanthropist, Goldman, 80, owned several MHCs in the Midwest as well as Woodall’s Guide, a comprehensive guide to RV campgrounds, parks, parts and service that he developed, and that originally listed …
MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com …
Today’s U.S. Supreme Court decision upholding the ObamaCare health plan prompted a sell- off of U.S. stocks as investors fear it will cost the government more, thereby further delaying the economic recovery everyone wants. Nonetheless, CNNMoney reports the Dow climbed back towards the end of the day, losing -24.75 points, …
Following a Daily Business News post from June 18, 2012 about two MHCs in Carver, Massachusetts being snatched from the jaws of Equity Lifestyle Properties and becoming co-operatives, MHProNews has learned from boston, according to MA law, MHC residents have the first right of refusal if their community is being …
The highest pending home sales rate in two years in May, and a rise in durable goods orders, trumped the fear wafting across the Atlantic from the troubled Eurozone, as all three indexes pushed higher on hump day. CNNMoney tells us the Dow Jones Industrial Average gained +92.34 points, +0.74%, …
NJ reports from Pennsville, New Jersey township officials have unanimously voted to increase fess on manufactured homes in MHCs from $24 to $28 a month, collected by the MHC owner and then forwarded to the township. There are approximately 200 homes in the White Oaks and Southbridge communities in this …
Although U.S. stocks began the day rising and diving, the day ended with all three indexes managing a meager gain as investors continued to worry about the EU summit. CNNMoney tells us the Dow Jones Industrial Average gained +32.01 points, +0.26%, to close at 12,534.267. The Nasdaq rose +0.63 percent …
1. MHARR INTENSIFIES EFFORTS TO REVIVE CHATTEL FINANCING – STATUS REPORT Given the key role of personal property (chattel) financing in the manufactured housing market — with U.S. Census Bureau data showing that 74 percent of new manufactured homes placed for residential use in 2010 were titled as personal property (up from …
Chattel Financing, GAO Investigation and Accessibility Issues – Status Report Read More
Fosters reports from Rochester, New Hampshire a long-time resident of Acorn Terrace Cooperative has been honored with the ROC-NH “Above and Beyond” award. Although Richard “Dickie” Williams is president of the cooperative, he is best known for his many acts of kindness as a handyman and all around helping hand …
