The Dow lost 19.15 points after hearing from the Federal Reserve Chairman, Ben Bernanke, that the government will not provide more economic stimulus, closing at 12,070.81. Several housing stocks ended the day up. Cavco gained 2.89 percent, MSCI rose 1.38 percent, Skyline was up .73 percent, Sun Communities rose .47 …
Dow Drops on Fed Chairman’s Words; Some Housing Stocks Climb Read More
The Dow slipped one-half a percentage point, registering financial sector losses, falling to 12089.96, as housing stocks closed mixed. Palm Harbor Homes closed up 15.38 percent, Nobility Homes gained 1.24 percent and Cavco was up .77 percent. ELS lost 1.06 percent, MSCI dropped 1.04 percent, Skyline Corporation lost .54 percent …
Dow Falls on Fears of Economic Recovery; Housing Stocks Mixed Read More
The May jobs report led the Dow to drop 97.29 points and end the week at 12,151.26, while most housing stocks also fell. Palm Harbor Homes rose 26.83 percent, while Cavco fell 2.95 percent, MSCI dropped 1.91 percent, Skyline Corporation fell 1.36 percent, ELS dropped .32 percent, Nobility Homes went …
Dow Falls on Bad Job News, Most Housing Stocks Fall Read More
Florida Today reports that nearly three years after Tropical Storm Fay turned Lamplighter Village, a manufactured home community in Melbourne, Florida, into a fishbowl up to four feet deep, $3.8 million of storm water improvements have been made. The storm dumped up to 30 inches of water in three days …
The Dow took a slight tumble again today amid news of the economy continuing to lag, dropping .34 percent to close at 12,248.35, and several housing stocks fell as well. ELS gained 4.04 percent, MSCI was up .51 percent and Sun communities gained .47 percent. Palm Harbor Homes lost 16.33 …
Manufactured housing personal property (chattel) lenders state that unless amended, once rule making goes into effect on the Dodd-Frank Act (Dodd-Frank), loans on homes under $78,000 will become history due to the increasing fixed transactional costs per loan required by the law. MH lenders’ records reveal that most personal property …
Industry Pros Express Concerns over Dodd-Frank Implementation Read More
The Dow dropped 279.65 points in its worst day of trading since last August, as economic fears gathered, to close at 12,290.14, and most housing stocks followed suit. ELS gained 2.35 percent, but Skyline Corporation fell 5.70 percent, Cavco dropped 4.70 percent, Sun Communities lost 4.47 percent, Palm Harbor Homes …
Dow Registers Big Fall, Many Housing Stocks Follow Read More
Staff members of the Manufactured Housing Association for Regulatory Reform (MHARR) met May 26 with Acting HUD (Housing and Urban Development) Assistant Secretary for Housing – Federal Housing Commissioner Bob Ryan, and career officials of the HUD manufactured housing program. Issues included consumer financing, changing HUD’s “trailer” orientation to “housing” …
The Dow gained 128.21 points on the day to close at 12,569.79, even though the month showed an overall loss of less than two percent since May 1. Housing stocks were also on the plus side. Palm Harbor Homes ended the day up 13.64 percent, Deer Valley climbed 11.11 percent, …
Dow Ends Day Up, Month Down; Housing Stocks Close Up Read More
Stocks finished the week with modest gains, with trading volume light ahead of the long holiday weekend. The Dow closed up .31 percent on light volume to end the week at 12,441.58, while housing stocks closed mixed. MSCI gained .52 percent, Sun communities was up .44 percent, and ELS posted …
Stock Market Ends Light Before Long Holiday Weekend Read More
The Dow moved slightly higher on positive technology sector news, gaining 8.1 points to close at 12,402.76, while housing stocks gained or remained flat. Palm Harbor Homes was up 4.76 percent, Cavco gained 1.13 percent, Skyline Corporation moved up 1.03 percent, Sun Communities was up .76 percent and ELS gained …
Following up on a story we published May 5, the North County Times says the Oceanside, California City Council voted 3-2 to reaffirm two earlier votes ending rent control for the residents of the 18 Land Lease Communities in Oceanside. The ordinance would apply only to new occupants of the …
MHC Residents Circulating Petition to Overturn Council Vote Read More
The Dow fell 38.45 points to 12,394.66 on continuing fears about the recovery of the economy, while housing stocks closed mixed. Cavco Industries closed up 4.50 percent, Skyline Corporation gained 4.48 percent, MSCI was up .74 percent, and ELS closed up .26 percent. Meanwhile, Sun Communities fell .08 percent, while …
Dow Moves Down Slightly, While Several Housing Stocks Move Up Read More
The Dow dropped .20 percent on fears of the slowing U.S. economy and European debt issues to end the day at 12,356.21, while housing stocks closed mixed. Nobility Homes was up 4.99 percent, Cavco gained 3.53 percent, MSCI was up .17 percent, and Sun Communities moved up .05 percent. Palm …
Sluggish Economy Drops Dow, Housing Stocks Close Mixed Read More
The Dow skidded downwards 1.05 percent as news of Europe’s debt sent it to close at 12,381.26, and most housing stocks closed down as well. Palm Harbor Homes ended the day up 42.86 percent. Meanwhile, Cavco was down 4.61 percent, Skyline Corporation lost 3.72 percent, Sun Communities dropped 1.26 percent, …
Dow Falls on European Debt News, and Most Housing Stocks Follow Read More
The Dow fell .74 percent, anticipating bad news from retailers and the rise of the dollar on continuing news of the Greek debt crisis, closing the week at 12,512.04, 36 points below where it started at the beginning of the week. Housing stocks all fell or remained even for the …
The Dow moved up and down most of the day to finally close slightly up .36 percent and end the day at 12605.32. In housing, Cavco gained 1.56 percent, Sun Communities was up .15 percent and ELS gained .14 percent. Palm Harbor Homes fell 10.64 percent, Nobility Homes lost 6.45 …
The Dow ended three days down, gaining 80.6 points as tech shares and energy stocks bolstered trading, ending the day at 12,560.18. Most housing stocks also closed up. MSCI gained 2.29 percent, Cavco was up 2.27, Palm Harbor Homes moved up 2.17 percent, Skyline Corporation added 2.11 percent, Sun Communities …
Dow Gains After Three Days Down, Most Housing Stocks Follow Read More
The Dow fell .55 percent on fears about the economic recovery to close at 12,479.58, while housing stocks closed mixed. Deer Valley gained 11.11 percent, Nobility Homes was up 2.74 percent, Sun Communities increased 1.68 percent and UMH moved up .90 percent. Palm Harbor Homes fell 23.33 percent, Skyline Corporation …
Dow Falls Second Day in a Row, Housing Stocks are Mixed Read More
Following up on an article we published March 2, the Los Angeles Examiner reports the U.S. Supreme Court has confirmed the December 2010 Ninth Court of Appeals ruling that rent control in California’s Land Lease Communities is constitutional. In Guggenheim versus City of Goleta, Guggenheim argued that rent control constitutes …
