The housing market hasn’t been kind to young, new-home buyers for more than a decade.
As the oil and natural gas industry continues to generate more jobs in areas that are within the Marcellus and Utica Shale basin, the need for affordable housing near extraction sites will grow.
In November 2016, shares of UMH Properties Inc. hit a new 52-week high of $13.50. UMH, a real estate investment trust, has been operating as a public company since 1985. The market cap is now $366.6 million.