Following positive future markets, the stocks spent much of the day in the red, but crossed over to bring a positive finish. The Yahoo Finance Manufacture Housing Composite did even better, adding almost two percentage points. Stocks ending the day higher include Berkshire Hathaway, parent company to Clayton Homes, Vanderbilt …
Stocks were mixed during hump day trading with the Dow losing 13 points and the Nasdaq gaining eight. The Yahoo Finance Manufactured Housing Composite bested both, marking a 1.5 percent advance in value. Advancers include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing …
The National Association of Home Builders (NAHB) has teamed with the National Football League Players Association (NFLPPA) to help those in need through Touchdown for Homes. “NAHB’s home builder members are honored to partner with former NFL players to provide children, families and veterans with safe, comfortable housing opportunities,” said …
Gains in global markets, and optimism about corporate reports and the Euro debt crisis helped push the Dow Jones Industrial Average up 67.44 points, +0.54 percent, to end the day at 12,460.13, according to CNNMoney. The Yahoo! Finance Manufactured Housing Composite gained +0.92 percent to close at 753.30. Tracked housing …
Stocks notched up slightly as investors anticipate fourth-quarter corporate reports amid continuing concerns about the debt crisis in Europe. CNNMoney reports the Dow Jones Industrial Average gained 32.77 points, +0.27 percent, to close at 12,392.69. The NASDAQ moved up +0.09 percent, and the S&P gained +0.23 percent. The Yahoo! Finance …
Dow Advances Cautiously; Housing Stocks Close Mixed Read More
Payrolls beat forecasts, but it wasn’t enough to lift markets Friday. Stocks closed lower to end the week January 6 with the Dow losing 55 points. The Yahoo Finance Manufactured Housing Composite Value was down 29 points or four percent. Manufactured Housing stocks ending lower Friday include Allied Management Group, …
Investors fears about the ongoing Euro debt crisis were tempered by good economic news at home that resulted in a fairly flat day overall for U.S. stocks. CNNMoney reports the Dow Jones Industrial Average lost a mere 3.1 points, -0.02 percent, to close at 12,415.32. The NASDAQ gained 21.5 points, …
Most Tracked Housing Stocks Advance Including MH Composite Read More
The Dow rose 20 points on Wednesday with most of the gains going to retailers. The Yahoo Finance Manufactured Housing Composite was down one percent for the day, however. Decliners for the day include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers …
Stocks Close Modestly Higher, MH Index Down One Percent Read More
No negative news from Europe, and positive manufacturing news from the U.S., China and India cheered investors as the market rallied for the first day of trading, 2012. CNNMoney reports the Dow Jones Industrial Average gained 179.82 points, 1.47 percent, to close at 12,397.98. The NASDAQ moved up 1.67 percent, …
MHProNews.com learned the stock of MHC owner Sun Communities Inc. has been upgraded by equity analysts at BMO Capital Markets from “market perform” rating to an “outperform” rating. LocalizedUSA reports as of Dec. 31, 2009, the real estate investment trust (REIT)’s portfolio was comprised of 136 properties, 124 of which …
The TCTimes from Fenton, Michigan, just northwest of Detroit, tells MHProNews a resident of Tryone Township is upset that residents pay $150 a year for fire department services, while Sun Communities and another MHC each pay $250 annually for the same services for the entire communities. Scott Dietrich estimates there …
CNN Money reports the Dow Jones Industrial Average, NASDAQ, and the S&P all ended the trading year on a fairly flat note, each losing less than one percentage point. The Dow lost -69.48 points to close at 12,217.56. The Yahoo! Finance Manufactured Housing Composite moved up +0.68 percent to close …
Dow Closes Flat, Housing Closes Mixed, but Skyline Shines Read More
With economists predicting the Gross Domestic Product will rise 3.3 percent in the fourth quarter 2011, CNN Money reports the Dow Jones Industrial Average climbed throughout the day, gaining 135.63 points, +1.12 percent, to close at 12,287.04. The Yahoo! Finance Manufactured Housing Composite nearly doubled the rate of the Dow, …
MH Composite Nearly Doubles Dow as Most MH Stocks Advance Read More
Santa Claus is back at the North Pole and today the market went South. The Dow closed down almost 140 points after strong recent performance. The Yahoo Finance Manufactured Housing Composite followed, ending the day down nearly five percent. The days decliners include Allied Management Group, down $2.39 (2.47 percent) …
From Housing Predictor, MHProNews.com has learned that record high prices farmers are being paid for crops in the Mid-West are pressuring home prices and inflating values there. According to the article, in 2012 15 states will witness at least some cities with inflating home prices. This is largely due to …
Crop Prices and Other Factors May Contribute to Housing Inflation in 2012 Read More
Stocks edged up modestly throughout the day Tuesday, but in the end the Dow slid into the red, closing down .02 percent. The Yahoo Finance Manufactured Housing Composite ended down more than one percent. Advancers include Allied Managers Group , up .04 cents (.04 percent) to $96.78; Equity Lifestyle Properties, …
Of the top three companies with the highest dividend yield in the residential REIT (real estate investment trust) industry, the first and second rank are MHC owners. FinancialNewsNetwork tells MHProNews.com UMH Properties, Inc., is highest with a yield of 7.9 percent, followed closely by Sun Communities, Inc., with a dividend …
The Mount Vernon, Illinois, Zoning and Planning Commission is considering an ordinance change that restricts manufactured housing to communities, instead of conditional permit zoning. The Register-News tells MHProNews.com that Mt. Vernon City Councilman David Wood says, “We’re trying to get away from spot zoning,” Wood said. “The way the ordinance …
Santa Claus arrived on Wall Street today on the last trading day before the Christmas holiday, adding more than one percent to the down, nine to the S&P and 19 to the Nasdaq. The Yahoo Finance Manufactured Housing Composite Index did not mirror the broader averages, however and ended the …
Frank Rolfe, CEO of MHC owner American Home Communities, LP, writes in NuWireInvestor that buying a small manufactured home community for retirement income is a feasible way to maintain a reasonable standard of living. Given that safe investments only give you a return of two percent, you need $3,000,000 in …
