Economy

Sunday Morning Recap-Manufactured Housing Industry News April 10–April 17, 2016

By / April 16, 2016 / Advocacy, Announcements, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, RV, Stocks, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Quality Control Manager report-Highland Mobile Home Park, St Petersburg FL What’s New in Manufactured Housing Industry Professional News Montana town to proposed MHCs: one yes, one no. Building material made from hemp. Manufactured homes do not qualify as affordable homes—yet. Modular homes for …

Sunday Morning Recap-Manufactured Housing Industry News April 10–April 17, 2016 Read More

Ten Cities where First-time Homebuyers can Find Deals

By / April 11, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to realtor.com, housingwire informs MHProNews while two of the hottest housing markets are in the Pacific Northwest and Florida, that is no help to first-time homebuyers. A survey focusing on Millennials revealed the top ten out of 100 metropolitan areas where first-time homebuyers can still find a good deal …

Ten Cities where First-time Homebuyers can Find Deals Read More

Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016

By / April 10, 2016 / Advocacy, Announcements, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, Obituary, People, regulation, RV, Stocks, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com State Inspector Becki Jackson – Safety & Quality of Manufactured Homes What’s New in Manufactured Housing Industry Professional News Feb. HUD Code manufactured home production rises 27.6%. Notable deaths in the manufactured home community. Rent control inhibits new MHC development. Resident-owned community grateful …

Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016 Read More

Confidence in Housing and Job Markets Weaken in March

By / April 8, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Consumers growing pessimism about the economy is beginning to affect the housing market, reports nationalmortgagenews. In a monthly survey conducted by Fannie Mae, the GSE’s Home Purchase Sentiment Index fell 2.5 points from Feb. to 80.2 in March, the lowest reading in the past 18 months. The survey revealed the …

Confidence in Housing and Job Markets Weaken in March Read More

First-time Homebuyers Want Larger Home

By / April 7, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the Homebuyer Insights Report from Bank of America, first-time homebuyers are not considering starter homes, reports nationalmortgagenews. The report revealed that 75 percent of new homebuyers prefer to buy a larger home to begin with. Additionally, 35 percent of those surveyed plan to retire wherever they buy. MHProNews …

First-time Homebuyers Want Larger Home Read More

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016

By / April 2, 2016 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town wants exemption from state’s 40B ruling. Sun Communities to expand King’s Court MHC. Fannie Mae funds $5MM refi of MHC. New MHProNews …

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016 Read More

Freddie Mac Forecasts Best Year in Ten for Housing Industry

By / April 1, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

According to what Freddie Mac tells MHPrpNews in nationalmortgagenews, despite low wage growth this year, the housing market will reach its highest level in sales, housing starts and housing prices since 2006. It will be largely driven by interest rates that remain below four percent for a 30-year fixed rate, …

Freddie Mac Forecasts Best Year in Ten for Housing Industry Read More

Pending Home Sales Rise in February

By / March 29, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Realtors (NAR) reports its pending home sales index of existing homes rose 3.5 percent in Feb., to 109.1, the highest level in seven months, as cnbc tells MHProNews. With Jan.’s rate revised to indicate a three percent decline, lower than initially perceived, the fluctuating numbers make …

Pending Home Sales Rise in February Read More

Manufactured Home Opportunities may Derive from Tight Housing Market

By / March 28, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Chief Financial Officer (CFO) Jeff Kaminski of KB Homes, the eighth largest homebuilder in the U. S. says the new housing crisis is being caused by the lack of homes, which in turn raises prices of existing homes, pricing many people out of the market. First-time KB home buyers in …

Manufactured Home Opportunities may Derive from Tight Housing Market Read More

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016

By / March 26, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trade Shows, Trends

What’s New in public focused Manufactured HomeLivingNews.com What Others Say about Sunshine Homes, Manufactured/Modular Homebuilder Tragedy and Triumph – Widow shares her Celebration of Manufactured Home What’s New in Manufactured Housing Industry Professional News Tunica was tremendous, say attendees. Proposal would merge Fannie, Freddie. MHC to receive free wastewater system. …

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016 Read More

Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives

By / March 26, 2016 / Advocacy, Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Building on steps the Federal Housing Finance Agency has taken to reform government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac, five housing policy experts have proposed merging the two entities into a new corporation, called the National Mortgage Reinsurance Corp. (NMRC), that would continue risk-sharing initiatives with private investors and …

Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives Read More

Mortgage Delinquencies Fall to Lowest Rate in Nine Years

By / March 25, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to information received by MHProNews from nationalmortgagenews, mortgage loan delinquencies fell to their lowest level in Feb. since 2007, dropping 13 percent month-over-month, and 16 percent from last year to 4.45 percent in Feb. 2016. Black Knight Financial Services states that for the first time in nearly eight years …

Mortgage Delinquencies Fall to Lowest Rate in Nine Years Read More

New Home Sales Rise Two Percent in Feb.

By / March 24, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Buoyed by the 38.5 percent surge in sales in the West, new home sales in the U. S. increased two percent in Feb. to a seasonally-adjusted annual rate of 512,000 units, according to statistics released by the Commerce Department, reports USAToday to MHProNews. The strong numbers from the West overshadowed …

New Home Sales Rise Two Percent in Feb. Read More

MHI’s Daily Testifies about Government Regulation on Housing Costs

By / March 24, 2016 / Advocacy, Business, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

Following MHProNews post from this morning regarding the MHI’s Mr. F. R. Jayar Daily’s testimony before the House Subcommittee on Housing and Insurance regarding the impact of government policies on housing cost, realestaterama reports on the other witnesses who spoke, giving one scant paragraph from Mr. Daily’s statement about manufactured …

MHI’s Daily Testifies about Government Regulation on Housing Costs Read More

HELP Act Designed to Expand Lending Opportunities in Rural Areas

By / March 23, 2016 / Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News

As nationalmortgagenews tells MHProNews, the Consumer Financial Protection Bureau (CFPB) has put in motion a new rule that expands lenders’ ability to originate qualified mortgages in rural and underserved markets. The agency’s final rule, which will take effect March 31, implements the Helping Expand Lending Practices (HELP) in Rural Communities …

HELP Act Designed to Expand Lending Opportunities in Rural Areas Read More

Insider Trading at MH-related Firms

By / March 22, 2016 / Business, Company News, Economy, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, RV

In insider trading, Drew Industries, Inc. (NYSE:DW) insider Nick C. Fletcher sold 878 shares of Drew at an average price of $63.93 for a total value of $56,130.54. The company reported a quarterly dividend for shareholders of record April 1, 2016 of $0.30 per share to be paid on April …

Insider Trading at MH-related Firms Read More

Investment Writer Touts Financial Performance of MHCs

By / March 22, 2016 / Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Stocks, Trends

Writing in seekingalpha about investing in real estate investment trusts (REITs), Brad Thomas, noting the importance of housing to the overall economy, says following housing trends can lead to wise investing in the market. In particular, the manufactured housing market offers opportunity for REIT investors to outperform the overall market. …

Investment Writer Touts Financial Performance of MHCs Read More

Feb. Existing Home Sales Drop, Falling -17.1% in Northeast

By / March 21, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Existing home sales fell 7.1 percent in Feb. to an annual rate of 5.07 million units, the lowest level since Nov., according to what the National Association of Realtors (NAR) tells MHProNews. Since the new mortgage regulations designed to increase transparency took effect in October, sales have been volatile, prone …

Feb. Existing Home Sales Drop, Falling -17.1% in Northeast Read More

Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016

By / March 20, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Surprising Solution, Roadblocks to U.S. Affordable Housing Crisis What’s New in Manufactured Housing Industry Professional News Manufactured home communities sell in VA, FL and MN. MHI insists GSEs make individual chattel loans. Letter to editor compliments MH. Community fined for violating Fair Housing …

Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016 Read More

Quality of Manufactured Homes Praised in Letter to the Editor

By / March 20, 2016 / Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, regulation

In a letter to the editor of sanluisobispo, Bob Vasholtz writes that while we support low-income housing, we mostly do not want low-income people living next door. He states manufactured housing is “the lowest cost form of quality housing” because the homes are built indoors, consistently, using standardized production procedures. …

Quality of Manufactured Homes Praised in Letter to the Editor Read More

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