Archive

Posts Tagged ‘The Carlyle Group’

The Carlyle Group (CG) Urged To Invest Multi-Billion$ In “Dry Powder,” says Bloomberg’s Tan

August 30th, 2016 Comments off
CarlyleBoughtPlazaDelRayOct2015-popularAreaGOogleAppleTechCompanies-postedDailyBusinessNews-MHProNews-

The sprawling 85 acre (MOL) Plaza Del Rey MHC. For some details on The CG’s Plaza Del Rey deal, click here or the image above.

The Carlyle Group (CG) is reportedly one of the top 100 largest manufactured home community operators in the U.S..  Its big hedge fund business is said to be heading for the exit, according to SeekingAlpha and Bidness.

Investopedia says that, “Carlyle Group (CG) is experiencing a period of both highs and lows. On one side, its private equity core business has surpassed performance expectations, bringing in billions of investor dollars for acquisitions and new investment. On the other side, however, it has experienced several blows to its hedge fund efforts, the latest of which reached industry news sources just last week. At a time in which hedge funds across the country have seen blows to returns, investor interest, and more, Carlyle is experiencing firsthand the difficulties facing hedge funds through a variety of its ventures.”

Gillian Tan, a Bloomberg Gadfly columnist, shares this perspective; “The Washington-based private equity firm’s bounty from cashing out of existing deals exceeded what it spent on new ones in the quarter, thanks in part to the sale of hair-care company Vogue International to Johnson & Johnson. It marked the 16th of the past 18 quarters that Carlyle has — in Conway’s words — reaped more than it sowed. Collectively, in four-and-a-half years, it has spent less than half what it banked: $41.2 billion vs $82.3 billion, to be exact.

CARLYLE’S DRY POWDER

Carlyle has sold $82.3 billion worth of assets in the past four-and-a-half years while spending half of that — $41.15 billion — on new opportunities,” says Tan.

Sources tell MHProNews that CG’s interest in manufactured home communities remains strong.

But the strong domestic – indeed global – competition for communities has compressed cap rates, and driven up prices, making bargains harder to find.

CG is one of the stocks tracked by the Daily Business News Manufactured Related market report.  Today’s numbers at the closing bell for Carlyle are shown above.  For the entire report on manufactured housing related stocks, including the MHC REITs of ELS, SUN and UMH, click here. ##

(Image credits, Google Maps, text credit, MHProNews.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

Article submitted by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Carlyle Group is one Resident Away from Updating Coastal MHC in CA

January 16th, 2016 Comments off

Calif___Pacific_Skies_Estates_CRP_slashPSE_Seaside_Pacifica_Venture__creditMHProNews published a story Sept. 22, 2015 regarding private equity firm The Carlyle Group’s collaboration with Pacific Skies Estates, a 93 site manufactured home community (MHC) on the Pacific, and investing $42 million to upgrade the community with new, high-end MH that will be rented. The plan includes building a 1,000 foot boardwalk along a cliff overlooking the Pacific.

The community is mostly vacant as construction crews remove the abandoned homes, according to smdailyjournal, having offered $10,000 to $15,000 to residents in relocation expenses. One resident, Susan Burwell, 69, has refused the offer saying it will do her little good because she receives $1,296 in monthly SS payments, and her monthly rent is $1,200.

While the community is subject to a rent control ordinance, it only applies to those who own their homes, and Pacific had steadily bought the majority of the homes in the community over several years.

While the city of Pacifica had agreed to the renovation, the California Coastal Commission called it a “complete redevelopment” which requires a permit from the commission to proceed. Burwell, now with the assistance of the Legal Aid Society of San Mateo County, says the work being done is illegal because the community has not been issued a permit.

The average rent in San Mateo county for a one-bedroom apartment is now $2,516, having increased over 50 percent in four years.

Burwell has been given until the end of January to vacate. In the meantime, a friend has started a GoFundMe page to help fund Burwell’s move. ##

(Image credit: CRP/PSE Seaside Pacifica Venture)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Dow Tumbles as Investors Fear Rate Hike; MHCV Values Also Fall

March 6th, 2015 Comments off

March-6-2015-stock-market

MHCV values dropped 1.71% today.  In the stocks we track, most lost value. One exception was CG up 1.19%.

Reuters tells MHProNews that U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected.

Some of the worst-hit stocks were utilities and real estate investment trusts as they are high-yielding investments which would look less attractive after a rate hike.

The S&P and the Dow, which accelerated their declines as the day wore on, were under additional pressure because they had hit records earlier in the week after a strong February.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    17,856.85         -278.87           (-1.54%).

            S&P 500          2,071.26           -29.78           (-1.42%).      

            Nasdaq            4,927.37           -55.44           (-1.11%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value:  601.1 Today’s Change: -1.71%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG)  214.39  -1.42 (-0.66%).

Berkshire Hathaway (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 218,810.98  -689.02   (-0.31%).

Carlyle Group (NASDAQ:CG) 27.29 +0.32 (1.19%).

Cavco Industries, Inc. (NASDAQ:CVCO) 69.56  -1.63 (-2.29%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 52.16  -1.74 (-3.23%).

Killam Properties Inc. (TSE:KMP) 10.67  -0.15 (-1.39%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.10  0.00 (0.00% March 6).

Skyline Corporation (NYSEMKT:SKY) 3.52 +0.02 (0.57%).

Sun Communities Inc. (NYSE:SUI) 66.37  -0.63 (-0.94%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX) 57.45-0.07 (-0.12% March 5).

UMH Properties, Inc. (NYSE:UMH) 9.33  -0.11 (-1.17%)

Universal Forest Products, Inc. (NASDAQ:UFPI) 51.78 -0.32 (-0.61%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

Wall St closes up slightly ahead of jobs report; MHCV Values Rise

March 5th, 2015 Comments off

march-5-2015-stock-report

MHCV values went up 2.67% today.  In the stocks we track, there were only minor gains.  Highest increase: AMG 1.44% and CG 1.01%

Reuters tells MHProNews  that U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday’s jobs report. This report is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike. Focus on the report was heightened as many investors see it as one of the most import economic indicators due to be released ahead of the Fed’s meeting in mid-March.

“People are anticipating some fireworks tomorrow. That’s the best way to describe the waiting today,” said Paul Schatz, president and chief investment officer at Heritage Capital in Woodbridge, Connecticut.

The S&P and the Dow had hit records and the Nasdaq surpassed 5,000 at the start of the week after a strong February performance for U.S. stocks, giving additional reason for investors to take a breather on Thursday.

European news was some help to U.S. markets but higher-than-expected U.S. jobless claims took “a little bit of the wind out of the sails,” said Paul Brigandi, managing director of portfolio management at Direxion Funds in New York.

Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate. The disappointing numbers came after a weaker-than-expected private payrolls report on Wednesday and ahead of Friday’s monthly employment report.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,135.72         +38.82            (0.21%).

            S&P 500          2,101.04          +2.51              (0.12%).        

            Nasdaq            4,982.81        +15.67             (0.32%).

 The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value:  611.5 Today’s Change: +2.67%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG)  215.81 +3.06 (1.44%).

Berkshire Hathaway (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 219,500.00 +1,888.00 (0.87%).

Carlyle Group (NASDAQ:CG) 26.97 +0.27 (1.01%).

Cavco Industries, Inc. (NASDAQ:CVCO) 71.19 +0.43 (0.61%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.90 +0.15 (0.28%).

Killam Properties Inc. (TSE:KMP) 10.82 +0.01 (0.09%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.10 +0.10 (1.00% March 3).

Skyline Corporation (NYSEMKT:SKY) 3.50  +0.03 (0.86%).

Sun Communities Inc. (NYSE:SUI) 67.00  -0.04 (-0.06%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)  57.52-0.29 (-0.50% March 4).

UMH Properties, Inc. (NYSE:UMH) 9.44  0.00 (0.00%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 52.10 -0.66 (-1.25%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

 

 

The Dow Fell 85.19 Points; MHCV Stocks Dipped Again

March 3rd, 2015 Comments off

march-3-2015-stock-reportMHCV values went down 1.92% today.  Most of the stocks we track had losses.  Exceptions: Sky up 3.47% and NOBH up 1.00%.

Reuters tells MHProNews that U.S. stocks fell on Tuesday with technology stocks leading the decline a day after the Nasdaq Composite hit its highest in 15 years, while the S&P 500 and Dow retreated from record highs.

The Dow Jones industrial average fell 85.19 points, or 0.47 percent, to 18,203.44, the S&P 500 lost 9.61 points, or 0.45 percent, to 2,107.78 and the Nasdaq Composite dropped 28.20 points, or 0.56 percent, to 4,979.90

U.S. retailer Target Corp,which has been battling back after a massive data breach and sluggish performance, on Tuesday said it will eliminate several thousand jobs, mainly from headquarters locations in the United States and India, as it aims to cut $2 billion in costs over two years.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,203.37         -85.26    (-0.47%).

            S&P 500          2,107.78           -9.61    (-0.45%).

            Nasdaq            4,979.90         -28.20    (-0.56%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value:  600.3 Today’s Change: -1.92%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 217.04  -0.95 (-0.44%).

Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 219,000.00  -1,365.00 (-0.62%).

Carlyle Group (NASDAQ:CG)  25.93  -0.07 (-0.27%)

Cavco Industries, Inc. (NASDAQ:CVCO) 71.53 -1.14 (-1.57%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 54.36  -0.09 (-0.17%).

Killam Properties Inc. (TSE:KMP) 10.86  -0.11 (-1.00%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.10 +0.10 (1.00% March 3).

Skyline Corporation (NYSEMKT:SKY) 3.58 +0.12 (3.47%).

Sun Communities Inc. (NYSE:SUI)  67.60 +0.11 (0.16%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)57.81-0.11(-0.19% March 3).

UMH Properties, Inc. (NYSE:UMH)9.52 -0.06 (-0.63%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 53.33 -1.01 (-1.86%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

U.S. Stocks Rose Monday; MHCV Stocks Dipped Slightly

March 2nd, 2015 Comments off

 

March-2-2015-stock-report

MHCV values went down 0.71% today.  In the stocks we track, there were a few modest gains for some and others went down.  Leaders on the positive list are: NOBH 1.52%, CVCO 1.41%, UMH 1.27%, and ELS 1.08%.

According to the Wall Street Journal, Nasdaq partied like it’s 2000, but more sedately. The Nasdaq Composite Index broke through 5000, returning to a level it hadn’t seen in nearly 15 years and moving within range of a record for the first time since the Internet stock bubble.

Bloomberg News tells MHPro News that Asian stocks rose, with regional indexes climbing to multi-year highs after U.S. equities reached fresh records. The dollar held at a 10-year high versus major peers, while oil held below $50 a barrel.

Marketwatch says the U.S. economy appears poised for its best growth in years can because there are more Help Wanted ads.  Over the past year the U.S. has cranked out an average 259,000 new jobs a month, including almost 1 million positions in the last three months alone. That’s the strongest increase in employment in a decade and a half.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,288.63        +155.93          (0.86%).

            S&P 500          2,117.39          +12.89          (0.61%).

            Nasdaq            5,008.10          +44.57          (0.90%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value:  612.0 Today’s Change: -0.71%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 217.99+1.57 (0.73%).

Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 220,365.00  -815.00  (-0.37%).

Carlyle Group (NASDAQ:CG)  26.00  +0.15 (0.58%).

Cavco Industries, Inc. (NASDAQ:CVCO) 72.67 +1.01 (1.41%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 54.45  +0.58 (1.08%).

Killam Properties Inc. (TSE:KMP) 10.97 +0.09 (0.83%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.00 +0.15 (1.52% Feb. 26).

Skyline Corporation (NYSEMKT:SKY) 3.46 -0.15 (-4.16%).

Sun Communities Inc. (NYSE:SUI)  67.49  -0.10 (-0.15%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)57.92+0.20(0.35% March 2).

UMH Properties, Inc. (NYSE:UMH)9.58 +0.12 (1.27%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 54.34 +0.29 (0.54%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

 

U.S. Stocks fell Friday but have best month since Oct. 2011; MHCV Stocks Dip Slightly

February 27th, 2015 Comments off

feb-27-2015-stock-report

MHCV values went down 1.28% today.  In the stocks we track, most went down. There were a few minute gains as evidenced in the list below.

USA Today tells MHProNews that stocks fell Friday as the Nasdaq failed to hit the 5000 mark again, but markets still managed to post strong gains for the month. The Dow Jones industrial average fell 81.72 points, or 0.5%, to close at 18,132.70 and the Standard & Poor’s 500 index fell 6.24 points, or 0.3%, to 2104.50.

The Nasdaq composite index dropped 24.36 points, or 0.5%, to 4963.53. The Nasdaq has topped 5000 at the closing bell on only two occasions — March 9 and 10, 2000. Its all-time closing high came on that second day, when it hit 5,048.62.

Friday’s drop did little to dent gains for the month as the S&P 500 rose 5.5% in February. That was its best monthly performance since October 2011, when the index jumped 10.8%. The Dow gained 5.6% for the month and the Nasdaq surged 7.1%.

Crude oil rose but remains below $50 a barrel as benchmark U.S. crude gained $1.59 to $49.76 a barrel on the New York Mercantile Exchange. The yield on the 10-year Treasury note slipped to 2% from 2.03% late Thursday.

Marketwatch tells MHProNews  that Brent crude gained 18%, WTI up 3%. Oil futures settled higher for the session on Friday as well as the month, with Brent crude scoring its biggest monthly percentage gain since May of 2009.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,132.70        -81.72            (-0.45%).

            S&P 500          2,104.50          -6.24            (-0.30%).

            Nasdaq            4,963.53        -24.36            (-0.49%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 616.4 Today’s Change: -1.28%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 216.42 -2.63 (-1.20%).

Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 221,180.00 -1,070.00 (-0.48%).

Carlyle Group (NASDAQ:CG)  25.85 +0.21 (0.82%).

Cavco Industries, Inc. (NASDAQ:CVCO) 71.66  -0.32 (-0.44%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.87 +0.17 (0.32%).

Killam Properties Inc. (TSE:KMP) 10.88 -0.02 (-0.18%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.00 +0.15 (1.52% Feb. 26).

Skyline Corporation (NYSEMKT:SKY) 3.61 -0.04 (-1.10%).

Sun Communities Inc. (NYSE:SUI) 67.59 +0.26 (0.39%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX) 57.72+0.05(0.09% Feb. 27).

UMH Properties, Inc. (NYSE:UMH) 9.46+0.02 (0.21%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 54.05 +0.04 (0.07%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

U.S. Stocks Drift Lower; MHCV Stocks Rise Slightly

February 26th, 2015 Comments off

feb-26-2015-stock-report

MHCV values went up 1.31% today. In the stocks we track, SKY went up 3.11% and NOBH went up 1.52%.

The Associated Press tells MHProNews that U.S. stock indexes are drifting mostly lower, pulling the Dow Jones industrial average slightly below its latest all-time high. The Dow fell 10 points, or 0.1 percent, to close at 18,214 Thursday.

The Standard & Poor’s 500 index fell three points, or 0.2 percent, to 2,110. The Nasdaq composite rose 20 points, or 0.4 percent, to 4,987.

Energy stocks fell more than the rest of the market as the price of oil plunged again. Chevron and Exxon Mobil were among the biggest decliners in the Dow.

Sears fell 5 percent after the company reported its fourth straight year of falling profit and revenue.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.03 percent from 1.97 percent late Wednesday.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones      18,214.42        -10.15            (-0.06%).

            S&P 500            2,110.74          -3.12            (-0.15%).

            Nasdaq              4,987.89       +20.75           ( 0.42%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 624.4 Today’s Change: +1.31%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 219.05 +0.62 (0.28%).

Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 222,250.00  -605.00 (-0.27%).

Carlyle Group (NASDAQ:CG)  25.64 -0.44 (-1.69%).

Cavco Industries, Inc. (NASDAQ:CVCO) 71.98  -0.60 (-0.83%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.70  -0.03 (-0.06%).

Killam Properties Inc. (TSE:KMP) 10.90 +0.01 (0.09%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Louisiana-Pacific Corporation (NYSE:LPX) 17.04  -0.46 (-2.63%).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.00 +0.15 (1.52% Feb. 26).

Skyline Corporation (NYSEMKT:SKY) 3.65  +0.11 (3.11%).

Sun Communities Inc. (NYSE:SUI) 67.33 +0.17 (0.25%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)57.67-0.43(-0.74% Feb. 26).

UMH Properties, Inc. (NYSE:UMH) 9.44 -0.09 (-0.94%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 54.01 -0.04 (-0.07%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

U.S. Stocks End Little Changed; MHCV Stocks Dip

February 25th, 2015 Comments off

feb-25-stock-reportMHCV values went down 2.07% today.  In the stocks we track, most of them went down.

Marketwatch tells MHProNews that U.S. stocks ended Wednesday’s choppy session virtually unchanged, but the Dow Jones Industrial Average eked out a small gain to close at a fresh record. The blue-chip index added 15.38 points, or 0.1%, to 18,224.57, scoring a record for the third time this year. A 2.6% drop in Apple, Inc’s shares likely contributed to the marginal decline in the S&P 500 and Nasdaq Composite.

Federal Reserve Chairwoman Janet Yellen’s second-day testimony before Congress moved markets up slightly in early trade, but gains faded out by the closing bell. The S&P 500 closed 1.6 points, or 0.1%, lower at 2,113.86. The Nasdaq Composite ended less than a point off at 4,967.14, breaking its ten-day winning streak.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,224.57          +15.38           ( 0.08%)

            S&P 500          2,113.86             -1.62           (-0.08%)

            Nasdaq            4,967.14             -0.98           (-0.02%)

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 616.3 Today’s Change: -2.07%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 218.43 +0.31 (0.14%).

Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers.  222,855.00  -550.00 (-0.25%).

Carlyle Group (NASDAQ:CG)  26.08  -0.39 (-1.47%).

Cavco Industries, Inc. (NASDAQ:CVCO) 72.58 -0.59 (-0.81%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.73 +0.13 (0.24%).

Killam Properties Inc. (TSE:KMP) 10.89 -0.04 (-0.37%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Louisiana-Pacific Corporation (NYSE:LPX) 17.50  -0.12 (-0.68%).

Nobility Homes Inc. (OTCMKTS:NOBH) 9.85 +0.25 (2.60% Feb. 24).

Skyline Corporation (NYSEMKT:SKY) 3.54 -0.03 (-0.84%).

Sun Communities Inc. (NYSE:SUI)  67.16 -0.16 (-0.24%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)57.99+0.15 (0.26% Feb. 24).

UMH Properties, Inc. (NYSE:UMH) 9.53 +0.02 (0.21%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 54.05  -0.43 (-0.79%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

U.S. Stocks Up 0.51%; MHCV Stocks Dip 0.41%

February 24th, 2015 Comments off

feb-24-2015-stock-report

MHCV values went down 0.41% today.  In the stocks we track, there were some winners: UFPI +3.10%, NOBH +2.60%, LPX +2.03%, and AMG +1.05%.

USA Today  tells MHProNews that stocks closed at new highs Tuesday, February 24, as investors reacted positively to remarks from U.S. Federal Reserve Chair Janet Yellen.  Another favorable event occurred when Greece won EU approval for its proposed budget reforms.

The Dow Jones Industrial Average rose 92.35 points (0.5%) to 18,209.19, while the Standard & Poors 500 gained 5.82 points (0.3%) to 2,115.48, both eclipsing Friday’s record closes.

The Nasdaq composite extended its gains to 10 straight sessions – its longest winning streak since July 2009. The Nasdaq finished up 7.15 points (0.14%) to 4,968.12, leaving the tech-heavy market barometer just 1.6% below its 5,048.62 record close of March 2000.

Janet Yellin, in her semi-annual testimony before the Senate Banking Committee, used a word familiar to investors when she reiterated that the central bank will be “patient” on raising interest rates for the first time since the 2008 financial crisis.

Marketwatch tells MHProNews that collapsing oil prices have pushed North American energy companies to slash their budgets for 2015—to the tune of $50 billion.

That is the difference between the 2014 capital budgets of 66 mostly U.S.-based energy companies and what the same companies have set aside for 2015, according to a report by Citi.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,209.19         +92.35            (0.51%).

            S&P 500         2,115.48            +5.82            (0.28%).

            Nasdaq            4,968.12           +7.15            (0.14%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 629.4 Today’s Change: -0.41%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) 218.12 +2.27 (1.05%).

Berkshire Hathaway (NYSE:BRK.A)– parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers.  223,405.00  +2,405.00 (1.09%).

Carlyle Group (NASDAQ:CG) 26.47 +0.02 (0.08%).

Cavco Industries, Inc. (NASDAQ:CVCO) 73.17 +0.45 (0.62%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.60 -1.15 (-2.10%).

Killam Properties Inc. (TSE:KMP) 10.98 -0.06 (-0.54%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Louisiana-Pacific Corporation (NYSE:LPX) 17.62  +0.35 (2.03%).

Nobility Homes Inc. (OTCMKTS:NOBH) 9.85 +0.25 (2.60% Feb. 24).

Skyline Corporation (NYSEMKT:SKY) 3.57  -0.11 (-2.99%).

Sun Communities Inc. (NYSE:SUI) 67.32  -0.73 (-1.07%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)57.84-0.04(-0.07% Feb. 24).

UMH Properties, Inc. (NYSE:UMH) 9.51 -0.04 (-0.42%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 54.48 +1.64 (3.10%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article Submitted by Sandra Lane to – Daily Business News- MHProNews.