RTTNews reports UMH Properties, Inc., is adding eleven MHCs in Pennsylvania and New York to its portfolio at a cost of $28.25 million. The all-age communities comprise 966 home sites and have an average occupancy of 92 percent. MHProNews.com has learned the acquisition is scheduled to be finalized by the …
CNNMoney tells MHProNews.com fear of the European debt crisis took a back seat today as the Dow Jones Industrial Average bolted to just under 195 points, +1.50 percent, to end day at 13,115.54. The Nasdaq gained even more, 1.85 percent to close at 3042.82, while the S&P also gained, +1.55 …
In This Report: Program Backsliding Resumes HUD Misses Opportunity on MHCC Fire Sprinkler Proposal Defects Revealed New MHARR Front on Expanded Regulation HUD Creates More Confusion on AC and ON-SITE Arbitrary and Untimely Wind Standard Process Serious Questions Renewed on Contract Well-Timed GAO …
MHARR Washington Update — Report and Analysis April 16, 2012 Read More
U.S. stocks were a mixed bag today: While worries of European debt continue to hang over the market, retail sales rose in March more than analysts expected as the Dow Jones Industrial Average gained 71.82 points, +0.56 percent, to end the day at 12,921.41. The Nasdaq lost -0.76 percent to …
CNNMoney tells MHProNews.com after a nice two day run-up, the Dow Jones Industrial Average fell back -1.05 percent to 12845.59, down 136.99 points, as China reports it’s economy only grew 8.1 percent in the first quarter of the year, down from 8.9 percent the previous quarter. The Nasdaq dropped 1.45 …
The Kiowa City Council in southeastern Oklahoma voted to allow single section manufactured homes in areas outside communities and campgrounds. The AlvaReview tells MHProNews.com the oil boom has brought more people to the area, and the city can collect fees from the new residents if they bring in a manufactured …
U.S. stocks rallied again today despite the rise of unemployment filings, as the anticipated growth of the Chinese market and declining yields on Italian and Spanish trumped U.S. job woes. CNNMoney reports each of the indexes rose well over a percentage point. The Dow Jones Industrial Average regained 181.19 points, …
Mfg. Housing Composite, Tracked Housing Stocks Respond to Dow’s Rise Read More
U.S. Stocks moved up on encouraging news from Europe and expected positive earnings reports after suffering several days of losses, as the Dow Jones Industrial Average regained 89.46 points, +0.70 percent, to end hump day at 12,805.39. CNNMoney tells MHProNews.com the Nasdaq moved up +0.84 percent, to close at 3016.46, …
If city officials in Fostoria, Ohio have their way, the residents of the 525 home sites in the four local MHCs will soon have safe haven in the event of threatening weather. Residents of this town south of Toledo began calling the city with concerns about their safety during tornado …
CNNMoney says each of the three indexes dropped over 1.5 percent today as lending costs spiked in Spain and Italy, sending a shock wave of fear over investors as they scrambled for the doors. “People are starting to get very concerned about the macro picture of both sovereign debt and …
Based on sales growth of shares, two of the top five residential real estate investment trusts (REIT)s are MHC owners. Equity Lifestyle Properties (ELS) tops the list with a sales growth of 31 percent, nearly twice that of second place Mid-America Apartment Communities at sales growth 16.1. Essex Property Trust …
CNNMoney tells MHProNews.com stocks dropped sharply following the news Friday that the economy only added 120,000 jobs in March, resulting in the Dow Jones Industrial Average falling 1.00 percent, -130.55 points, to close under 13,000 at 12,929.59. The Nasdaq likewise dropped a little more than one percent, -33.42 points, to …
CFPB Regulatory Updates CFPB Clarifies MLO Compensation On April 2nd, the Consumer Financial Protection Bureau (CFPB) issued guidance to address concerns as to whether the mortgage loan originator compensation rule in Regulation Z (Truth in Lending Act) prohibits originators from participating in a qualified profit-sharing 401(k) or employee stock ownership …
From Freehold, New Jersey the SacramentoBee says UMH Properties has completed the underwriting of one million shares of its 8.25% Series A Preferred Stock at $25.292 per share, and anticipates a net return of $24,500,000 before expenses. The company intends to acquire additional properties and pay down debt with the …
CNNMoney tells MHProNews.com jitters over the continuing European debt crisis tempered the slight good news anticipated in the job market, resulting in the Dow Jones Industrial Average dropping -0.11 percent, -14.61 points, to close at 13,060.14. The Nasdaq moved up +12.41 points, +0.40 percent to close at 3,080.50, while the …
Dow Edges Down, MH Composite Rises, MH Stocks Mixed Read More
Most stocks closed lower Wednesday with the Dow off more than 100 points. While most watched manufactured housing stocks also closed lower, the Yahoo Finance Manufactured Housing Composite Value recorded a small gain. Closing lower were Affiliated Managers Group, down $1.91 (1.66 percent) to 113.28; Clayton Homes, Vanderbilt Mortgage and …
Indexes including the Dow and Yahoo Finance Manufactured Housing Composite closed lower Tuesday as fed minutes deflated market expectations. Closing lower with the broader markets were Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway, down $366 (.27 percent) …
U.S. and Chinese manufacturing data helped stocks get off to a good start Monday. The Dow gained four tenths of one percent and the Yahoo Finance Manufactured Housing Composite Index gained more than one percent. Rising with markets Monday were Affiliated Managers Group, up 1.66 (1.48 percent) to $113.47; Clayton …
The Dow moved higher Friday and logged its best quarterly gain in almost 14 years. For the quarter, the Dow jumped 8.14 percent, the S&P 500 surged 12.00 percent, and the Nasdaq soared 18.67 percent. The Yahoo Finance Manufactured Housing Composite Index also gained three quarters of a percent. Manufactured …
Stocks spent most of the day in the red, but the Dow managed to log a small gain by the closing bell. Manufactured Housing stocks, however saw no such turn-a-round and lost much of what they gained Wednesday. The Yahoo Finance Manufactured Housing Composite Value closed down 2.4 percent. Stocks …
