A bill in the Delaware Senate’s Small Business Committee would require MHC owners to justify rents that change more than the cost-of-living, with a decision rendered by the Governor’s Advisory Council on Manufactured Housing. Residents of Aspen Meadows MHC, many of them seniors, took 150 signatures in support of Senate …
Mostly positive corporate earnings reports were tempered by weak job growth data to keep investors wary, as CNNMoney reports the Dow Jones Industrial Average edged down -0.08 percent, losing -11.12 points, to end the day at 13,268.20 The Nasdaq managed a +0.31 percent gain to close at 3,059.85, while the …
Reports of improvement in U.S. manufacturing sent the Dow Jones Industrial Average to its highest point in four years, gaining half a percentage point, +65.69 points, to close at 13,279.32. CNNMoney tells MHProNews.com the Nasdaq moved up 0.13 percent to close at 3050.44, while the S&P also moved up, +0.57 …
Deer Valley Leaps Up, Skyline Skids, Housing Composite Bests Dow Read More
Stocks end the month on a down note pulled by weak domestic economic news and Spain’s declaration it’s in a recession. CNNMoney tells MHProNews the Dow Jones Industrial Average edged down -0.11 percent, -14.68 points, to end the day at 13,213.63 The Nasdaq lost even more, -0.74 percent, to close …
All three indexes ended the last full week of the month on a positive note as the Dow Jones Industrial Average gained 23.62 points, + 0.18 percent, to end the day at 13,228.24, according to CNNMoney. The Nasdaq gained even more, +0.61 percent, to close at 3069.20, while the S&P …
WOOD-TV reports from Edmore, Michigan the owner of scrapped Erdmore Estates Mobile Home Park is in jail, and cannot respond to any violations. Corey Davy bought the community in 2008 in a bankruptcy sale after the state had revoked the previous owner’s license. Davy went to jail for two years …
As follow-up to a story we wrote April 18 regarding changes to the MHC code by the San Antonio Quality of Life Committee, which has policy oversight of manufactured homes, Texas Manufactured Housing Association (TMHA) Executive Director J.D. Pendleton led a group of residents and community owners in a meeting …
Task Force to Review San Antonio’s MH Code Changes Read More
All three indexes gained in today’s trading as hopes for more stimulus from the Federal Reserve took center stage over job market worries and mixed corporate earnings, sending the Dow Jones Industrial Average up 113.9 points, +0.87 percent, to end the day at 13,204.62. CNNMoney says the Nasdaq gained +0.69 …
MHProNews.com has learned from Reuters MH and RV community operator Sun Communities, Inc. reports net income for Quarter 1 2012 over Q1 2011 increased from $2.4 million to $5.4 million. Funds from Operations (FFO) rose from $18.8 million in the first quarter of 2011 to $25.7 million for the quarter …
CNNMoney reports a combination of strong corporate earnings from major players like Apple and Boeing, and Federal Reserve Chief Ben Bernanke’s words that the Fed is “entirely prepared to take additional balance sheet actions…should economy require additional support,” gave a strong boost to U.S. stocks. The Dow Jones Industrial Average …
Corporate earnings reports gave the Dow Jones Industrial Average a little bit of steam, as it gained +0.58 percent, +74.39 points, to close just over the 13,000 mark at 13,001.56. CNNMoney says the Nasdaq fell -0.30 percent to end the day at 2,961.60, while the S & P moved up …
StateJournal in West Virginia reports Gov. Earl Ray Tomblin authorized tax relief to flood victims of two additional counties, bringing to eleven the number of counties included. The executive order suspends the consumer sales and service tax and the use tax on purchases that would “substantially improve efforts to provide …
A slowdown in the Chinese manufacturing sector and news French President Sarkozy placed second in the first round of voting behind an opponent who does not favor European Union austerity measures kept investors along the wall as the Dow Jones Industrial Average dropped 102.97 points, -0.78 percent, to close at …
European, Asian News Douses Dow; MH Stocks Follow Down Read More
2012 National Congress & Expo a Huge Success – Attendees Show Strong Determination and Optimism for a Great Future We would like to thank the 700 registrants, speakers, sponsors, and exhibitors that helped make the 2012 Congress & Expo for Manufactured and Modular Housing a huge success. Attendees from all …
Business confidence rise in Germany and strong earnings from corporate America was enough to send the Dow Jones Industrial Average up one half a percentage point, +0.65, to end the week at 13,029.19. The Nasdaq lost -0.24 percent to close at 3000.45, while the S&P gained +0.12 percent, to 1378.53. …
Weak U.S. economic data including higher-than-expected unemployment claims and a 2.6 percent drop in existing home sales pushed the Dow Jones Industrial Average down -66.83 points, -0.51 percent, to end day at 12,965.92. As CNNMoney tells MHProNews.com, the Nasdaq lost even more, -0.79 percent to close at 3007.56, while the …
34 % MH Revenues Help UFPI Stock as Dow Nudges Down Read More
Fear of the European debt crisis raised its ugly head again today as the Spanish government reported its banks have more problem loans than originally thought, setting the Dow Jones Industrial Average back modestly from yesterday’s big gain. CNNMoney reports the Dow lost 82.64 points, -0.63 percent, to close 13,032.90. …
Langley, British Columbia-based Britco has been honored with four international awards at the Modular Building Institute (MBI)’s annual convention in Orlando, Florida, according to what MarketWatch tells MHProNews.com. The Canadian company, one of the largest manufacturers of commercial modular buildings in North America, supplied the 2010 Winter Olympics in Vancouver …
GlobeSt reports from Chevy Chase, Maryland multifamily real estate investment firm Federal Capital Partners (FCP) has invested $29.5 million in a 1,358 manufactured home site portfolio with communities in Pennsylvania, North Carolina, and Maryland. MHProNews.com has learned FCP is teaming with current portfolio owner Horizon Land Co. FCP Managing Partner …
J.D. Pendleton, Executive Director of the Texas Manufactured Housing Association, tells MHProNews.com the San Antonio Quality of Life Committee may propose changes to the city code that affects MHCs. The changes relate to building/rebuilding manufactured homes in a flood plain, signage responsibilities, and possible increased fines for violations. The Quality …
