CNNMoney reports that the volatile markets rose today, while Greek debt and U.S. Debt reduction talks loomed over investors. The Dow closed at 11,061 +68.99 +(0.63%), with a year to date loss of -4.46%. The Yahoo! Finance Manufactured Housing Composite Value declined to 798.6 -0.16%. Affiliated Managers Group 81.75 +0.51 …
Super Committee Meets, MHI Lobbies on Critical Industry Tax Issues The Joint Committee on Deficit Reduction or “Super Committee” held its first public meeting on Thursday. The 12-member bipartisan panel is responsible for determining how the government will trim $1.5 trillion from the deficit. The committee roster includes Senators John …
CalgaryHerald reports on a story MHProNews.com has previously covered, that even ‘mobile homes’ (sic) on the Malibu, CA coast can be worth millions. Two gated, ocean-view communities in Malibu – Paradise Cove and Point Dume Club – struggled during the downturn. “In 2008 and 2009 people were just scared to …
Malibu and Maxey reminds us some ‘mobiles’ are worth millions Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 11,139.30, -100.96 ( -0.90%). While the initial fall was worse, stocks rallied later in the day. The Yahoo! Financial Manufactured Housing Composite Index bucked that trend and rose today, 810.2 up +0.46%. Affiliated Managers Group, 79.01 -1.28 (-1.60%). Clayton Homes, Vanderbilt Mortgage …
HattiesburgAmerican reports that $5 million for Native American tribes who face unique housing and community development challenges has been set aside by the Department of Housing and Urban Development (HUD). The award was part of a total of 46 for the $28 million Rural Innovation Fund, a new initiative by …
Opportunity Knocks via HUD’s Rural Innovation Fund Read More
MHI Weighs in on CFPB Examination Authority Provisions (Sec. 1024) with the Dodd-Frank Act provide the Consumer Financial Protection Bureau (CFPB) with new authority to examine non-depository financial institutions. Specifically, the Act provides the CFPB with authority to conduct regular examinations of lenders offering loans for personal and household …
CNNMoney reports the Dow rose again, closing at 11,613.53 +53.58 +0.46% +0.31%Year-to-Date. Headlines included Justice’s suit to block AT&T and T-Mobile merger, how that DOJ suit boosted Sprint and the strength of the Swiss franc. The Yahoo Financial Manufactured Housing Composite Index value rose to 867.7 +1.21%. Affiliated Managers Group, …
CNNMoney reports that a rocky session on the Dow ended with a plus column finish 11,559.95 +20.70 (+0.18% ). Fed discussion of QE3, BoA ‘not out of the woods yet,’ low consumer confidence and housing struggles were among the headlines. The Manufactured Housing Composite Value rose to 857.3 up +2.33%. Affiliated …
Rocky ride, but Dow closes with uptide, MH Composite rises Read More
HuffPost reports that former Republican congressman Pete Hoekstra, in his campaign for the U.S. Senate in Michigan, called for the repeal or reform of Dodd-Frank on Monday, arguing that “the heavy hand of the federal government” is making it impossible for bankers to do their jobs. “Either repeal or significant …
U.S Senate candidate calls for repeal of Dodd-Frank Read More
CNNMoney reports that the Dow closed up again today, 11,539.25 +254.71 (+2.26%). This latest gain reduced the year to date decline on the Dow to (-0.33%). Market headlines included Irene damage estimates at $10 billion, the EU’s decision to move ahead with Greek bailout, and that Buffett’s 5 billion BoA …
CNNMoney reports that the Dow closed up again today, 11,284.54 +134.72 +1.21%, as the market recovery from its recent downward turbulence continues. The five day Dow average is up 4.32%, but year to date is still off -2.53. Market headlines includes Home Depot and Lowes jumped ahead on hurricane concerns, …
MotherNatureNews (MNN) reports that prefab home builder BluHomes has unveiled a new line of New England style modular homes that ‘fits the architectural vernacular of traditional and historic communities.’ Massachusetts-based prefab firm Blu Homes unveils Lofthouse, a New England style modular home that has already been making small waves on …
CNNMoney reports that while there are no guarantees, some traders in the markets responded to hopes of a possible QE3 announcement by the Fed this Friday. The Manufactured Housing Composite index rose 3.34% to close at 770.5. AMG 81.87 +1.44 (1.77%), but retreated in after hours trading. Clayton Homes, Vanderbilt …
Gold drops $104 to 1757.30, stocks rise on QE3 hopes, MH rises too. Read More
CNNMoney reports the Dow Jones Industrial Average closed today at 11,176.76 +322.11 / +2.97% still off -3.46% for the year. The Manufactured Housing Composite Index rose a more modest 2.30% to close at 745.60. AMG 81.57 +4.34 (+5.62%) but dipped after hours. Clayton Homes, VMF and other MH building, lending …
CNNMoney reports that the Dow Jones Industrial Average closed at 10,849.02, up modestly +31.37 (+0.29%) after the recent declines, which have still left the market down 6.29% year to date. Yahoo! Manufactured Housing Composite Index value stood at 726.2, up +0.59%. TheStreets ratings downgraded AMG to a ‘hold,’ but the stock …
Market’s nudge ahead, but still down over 6% YTD, MH Mixed Read More
MHI Efforts on Dodd-Frank Remain Steady With bi-partisan support for MHI’s efforts on Dodd-Frank, the process has been moved into the bill drafting phase with Congressional legislative counsel. Congress is now in August recess and MHI expects to have language finalized in legislative format with our supporters shortly after they …
CNNMoney reports the Dow closed today at 11,483 +214 +1.90%.The Manufactured Housing Composite closed at 756.0 -1.46%. Affiliated Managers Group 89.94 2.98 (3.43%) but moved lower in after hours trading. Berkshire Hathaway (parent to Clayton, VMF and other MH builders, lending and suppliers) 108,600.00 +1,000.00 (0.93%). Cavco Industries, 30.95 0.46 …
This week, House and Senate Congressional leaders completed the process of formally selecting appointees to the newly established Joint Select Committee on Deficit Reduction, which is charged with developing at least $1.2 trillion in budget cuts over the next decade. The new “super committee” is comprised of a total of …
Zacks reports that UMH Properties and Equity Lifestyle Properties are among the five REITs with relatively low P/E ratios. UMH Properties (AMEX:UMH) has the lowest with a P/E of 17.4x. Equity Lifestyle Properties (NYSE:ELS) is second lowest with a P/E of 37.0x; American Campus Communities (NYSE:ACC) comes in third lowest …
Market Watch: UMH and Equity Lifestyle reported among REITs with low P/E ratios Read More
This week, President Obama signed into law the Budget Control Act of 2011 (S.365), which establishes a process for increasing the $14.3 trillion statutory debt ceiling by at least $2.1 trillion and results in deficit reductions of at least $2.1 trillion over 10 years. Overall, President Obama and Congressional Democrats …
MHI Focused on Industry Provisions as Debt Deal Legislation Signed Read More
