In data reported by Calculated Risk Blog, the National Association of Home Builders (NAHB) tells MHProNews the price of framing lumber has declined since 2013 when lumber prices approached housing bubble highs because of higher demand and supply constraints. In the first quarter of 2014, prices did not rise as …
The Mortgage Bankers Association (MBA) tells MHProNews loan originations for multifamily and commercial properties rose in Q3 2015, increasing 12 percent over the third quarter of 2014, and three percent on a quarterly basis. Retail property loans posted the highest percent rise over last year, +39 percent, while multifamily property …
Builder confidence in the single-family 55+ housing market rose for the sixth quarter in a row, according to what the National Association of Homebuilders (NAHB) tells MHProNews, as the 55% + Housing Market Index edged up three points to 60. Any number above 50 indicates confidence is good. As consumeraffairsreports, …
Housing Market Confidence Index for 55+ Homes Rises Read More
According to a National Association of Realtors (NAR) survey that tracked a year’s transactions through June, the share of first-time homebuyers fell to 32 percent from 33 percent last year, according to bloomberg. Historically, the rate is 40 percent, and now stands at a 28-year low. Increasing apartment rent, burdening …
Responding to House Financial Service Chairman Rep. Jeb Hensarling’s (R-TX) request for ideas on addressing poverty and home affordability, MHProNews and ManufacturedHomeLIvingNews publisher L. A. “Tony” Kovach documents HUD’s failure to promote manufactured housing as affordable housing. In Re-inventing HUD’s Role in Quality Affordable Housing, Kovach points out the percentage …
On the news of Freddie Mac reporting a net loss of $475 million for the third quarter of 2015, significantly down from the net income of $4.2 billion for the same quarter 2014—the first time in four years– MHProNews has learned from housingwire that Freddie Mac CEO Donald Layton is …
Freddie Mac Drowns in Red; CEO Layton says Lenders need to Lower Down Payment Read More
According to the National Association of Homebuilders (NAHB) index, the pace of multifamily residential construction rose 27 percent in Sept. over Sept. of 2014, while spending on single-family building was up 13 percent for the same period. Total private residential construction for Sept. rose to a seasonally adjusted annual rate …
Multifamily Residential Building Expected to Slow in Coming Year Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that HUD Code production of manufactured homes for September, 2015 reached 6,325 homes, an increase of 7.8 percent over the 5,862 homes produced in September of 2014. Total industry production for the year now totals 52,061 MH, an eight percent …
What’s New in public focused Manufactured HomeLivingNews.com Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home Robert Gann, Chet Murphree, Deer Valley Homebuilders, Guin AL – Inside MH Video Tours What’s New in Manufactured Housing Industry Professional News Quarter financials spike Cavco’s stock. MHARR, MHI respond …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015 Read More
The Pending Home Sales Index (PHI) indicates September’s numbers fell 2.3 percent from the downwardly revised August 109.3 level, marking the second consecutive month it has fallen, according to jewocity. Analysts had expected a modest increase of 0.6 percent. However, the index was up three percent over September of 2014. …
In response to a request from House Financial Services Committee Chairman Jeb Hensarling for ideas to address housing affordability and poverty, the Manufactured Housing Institute (MHI) offered constructive suggestions on improving regulations and programs that affect the manufactured home industry. In addition to shepherding H. R. 650, the Preserving Access …
MHPronews has learned from Forbes that new home sales fell 11.5 percent in September to 468,000 units, a drop from the 529,000 units in August, yet two percent higher than home sales in 2014 of 459,000. The median sales price of new homes, however, rose to $296,900 in September, up …
New Home Sales Drop as other Housing Indices Strengthen Read More
What’s New in public focused Manufactured HomeLivingNews.com Retired Realtor ® and Conventional Housing Pro on Why they Bought a Manufactured Home Comparing Quality to Quality – Conventional On-Site Building vs. Manufactured Homes What’s New in Manufactured Housing Industry Professional News “Duty to Serve” Rule Planned by FHFA, as cost of …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 18-Oct. 25, 2015 Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes in September rose 4.7 percent to a seasonally adjusted annual rate (SAAR) of 5.55 million, up from 5.3 million in August, according to thehill, hitting their second highest pace in eight years. Compared to a year ago …
The new disclosure rule which combines the previous Truth in Lending Act (TILA) requirements with the Real Estate Settlement Practices Act (RESPA) into one Integrated Disclosure, called TRID, has not rolled out well due to mortgage software problems and Congressional inaction, said CFPB Director Richard Cordray to the Mortgage Bankers …
According to financialtimes, the National Association of Home Builders (NAHB) reports homebuilder confidence rose to its highest level since October 2005, climbing three points to 64, two points above expectations. Any number above 50 indicates builder sentiment is positive. “The fact that builder confidence has held in the 60s since …
Marin County officials are seeking methods to either build or maintain affordable housing in this very pricey neighborhood of the San Francisco Bay, according to nationalmortgagenews. At a workshop on housing in the Chambers of the Board of Supervisors, there were many proposals from the overflow citizenry, but the county …
A significant player in the negotiation and adoption of many provisions of the Delaware Manufactured Home Owners and Community Owners Act, Kenneth S. Clark Sr., Nanticoke Chief Red Deer, passed away at home on his ancestral grounds near Millsboro, Oct. 9, 2015, at 84. The son and grandson of Nanticoke …
Passages: Kenneth S. Clark, Sr., Nanticoke Chief Red Deer Read More
With employment in the construction industry falling by 2.3 million from 7.7 million between 2006 and 2011, and remaining 1.3 million below its peak, builders are hampered trying to find qualified workers. The would-be construction workers who came of age during the Great Recession and aftermath sought employment elsewhere. Construction …
Residential and Commercial Construction Workers in Short Supply Read More
As the TRID (Truth in Lending Act, or TILA) and the Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure rules went into effect last week–also known as “Know Before you Owe”– mortgage industry groups continue to ask for a grace period of four months from enforcement actions and private lawsuits. …
Mortgage Industry Pushing for Four-month Grace Period from TRID Read More
