Economy

Fitch Ratings Predicts Homes for Sale Inventory to Change Little in 2016

According to what housingwire tells MHProNews, Fitch Ratings reports that, after four years into the housing recovery, the shortage of inventory continues to plague the market, unlike past recoveries, which reduces housing options. Fitch says this is true of existing homes as well as new homes. The National Association of …

Fitch Ratings Predicts Homes for Sale Inventory to Change Little in 2016 Read More

Real Estate Purchases by Foreign Nationals Rises

While the foreign buyers entering the U. S. real estate market has been a boon to enterprising sellers, it has lead to an increase in home prices, which contributes to pricing housing out of the reach of middle class buyers, according to what mpamag tells MHProNews. Moreover, investments made by …

Real Estate Purchases by Foreign Nationals Rises Read More

Sunday Morning Recap-Manufactured Housing Industry News Feb. 14-Feb. 21, 2016

What’s New in public focused Manufactured HomeLivingNews.com Noise and Smoke vs. Facts About Manufactured Homes and Lending What’s New in Manufactured Housing Industry Professional News Tucson MHC to be developed. Utilities now metered at MHC homes. Plans approved for MHC expansion. Patrick posts strong financials for quarter, year. MHC residents …

Sunday Morning Recap-Manufactured Housing Industry News Feb. 14-Feb. 21, 2016 Read More

Housing Affordability Rose in Q4 2015

The Housing Opportunity Index (HOI) report released by the National Association of Home Builders (NAHB) and Wells Fargo reveals U. S. housing affordability rose in the final quarter of 2015. Reflecting both new and existing homes sold during the quarter, 63.3 percent of them were considered affordable to families making …

Housing Affordability Rose in Q4 2015 Read More

Northeastern Iowa Growing the Off-site Homebuilding Market

Two tri-state off-site home builders in Iowa are seeing improvements in their respective housing markets, according to thonline. Doug Stimpson, vice president and general manager of All American Homes in Dyersville, in northeastern Iowa told MHProNews that business has increased 30 percent in the last four years, and already this …

Northeastern Iowa Growing the Off-site Homebuilding Market Read More

Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016

What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U. …

Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More

Labor and Lot Shortage could Hinder Housing Market Recovery

The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reveals the cost and availability of labor remains the biggest hurdle for builders, and is expected to continue as a problem throughout this year. During the Great Recession tradespeople left the industry by the thousands because jobs …

Labor and Lot Shortage could Hinder Housing Market Recovery Read More

High Rents Yield Hard Times for Low/Fixed Income Families

Rents have arrived at a historic high, similar to where they were during the housing bubble of 2008, as ktep.org tells MHProNews, according to statistics from the Commerce Department. The old rule of thumb to never spend more than a third of your income on housing is out the window. …

High Rents Yield Hard Times for Low/Fixed Income Families Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016

What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More

Survey Reveals Millennials Maintain Belief in American Dream

According to a study commissioned by the American Modern Insurance Group (AMIG), 81 percent of millennials still view home ownership as part of the American Dream, in the survey of 1,000 respondents from the greater San Francisco area. The millennials (ages 18-34) were more interested in owning a home than …

Survey Reveals Millennials Maintain Belief in American Dream Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016

What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with Don Glisson, Jr. of Triad Financial Services. Another media attack on manufactured housing? Residents of Florida city opposes modular homes. HUD sets up more …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 Read More

MHARR concerned about HUD handling of MHCC, cites Continued Non-compliance with Improvement Act of 2000

The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Manufactured Housing Consensus Committee (MHCC), meeting in Louisville during the Louisville Manufactured Housing Show, discussed the fact that HUD, in further non-compliance with the Manufactured Housing Improvement Act of 2000, wants to increase unnecessary and excessive regulation that …

MHARR concerned about HUD handling of MHCC, cites Continued Non-compliance with Improvement Act of 2000 Read More

2015’s New Home Sales Best in Nine Years

Data released by the Census Bureau and the Department of Housing and Urban Development (HUD) reveal sales of new, single-family homes rose 14.5 percent in 2015 to 501,000 units, the highest number since 2007, according to lbmjournal. In Dec. alone sales were up 10.4 percent over Nov. 2015 to a …

2015’s New Home Sales Best in Nine Years Read More

Should the Manufactured Housing Institute’s CEO Richard ‘Dick’ Jennison resign?

Dozens of comments from MHPros coast to coast came in within hours in response to an OpEd by publisher L. A. ‘Tony’ Kovach. Writing on the Masthead blog, Kovach outlined examples of errors and tensions within the Manufactured Housing Institute (MHI), which allegedly point back to the national association’s CEO …

Should the Manufactured Housing Institute’s CEO Richard ‘Dick’ Jennison resign? Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 17 -Jan. 24, 2016

What’s New in public focused Manufactured HomeLivingNews.com Reality Check – Living Better When Quality Living Costs Less Outside the Box: Inventing New Looks for Manufactured Homes What’s New in Manufactured Housing Industry Professional News Manufactured Housing Administrator Danner speaks at Louisville. What could slow retail sales mean for manufactured housing. …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 17 -Jan. 24, 2016 Read More

Existing Home Sales hit Nine-year High

In the largest monthly increase the National Association of Realtors (NAR) has ever experienced, sales of existing homes spiked 14.7 percent in Dec., putting a shining finish on the end of the year with 5.26 million previously-owned homes sold in 2015, the best year since 6.48 million homes were sold …

Existing Home Sales hit Nine-year High Read More

Dec. Housing Starts, Permits Fall, but Up for 2015

The National Association of Home Builders (NAHB) reports housing starts fell 2.5 percent in Dec., 2015 to a seasonally-adjusted annual rate (SAAR) of 1.15 million homes, following an upswing in Nov. of 10.1 percent, according to charlotteobserver. Over the year, housing starts had their best showing since 2007, advancing 10.8 …

Dec. Housing Starts, Permits Fall, but Up for 2015 Read More

Home Builder Sentiment Remains Steady at 60

According to The Wall Street Journal, the National Association of Home Builders (NAHB) reports the gauge of home builder sentiment in the U. S. remained at 60 from December, where any number above 50 indicates builders are positive about the single-family home market. Economists who were surveyed by wsj anticipated …

Home Builder Sentiment Remains Steady at 60 Read More

What does collapsing Walmart, other retail sales mean for Manufactured Housing?

Retail sales on the year fell to their lowest pace since 2009, climbing only 2.1 percent for the year, the smallest gain since the Great Recession ended, raising concerns about consumer spending going into 2016. As bloomberg informs MHProNews the 0.1 percent drop in Dec., 2015 followed a gain of …

What does collapsing Walmart, other retail sales mean for Manufactured Housing? Read More

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