Economy Archives

Oct 11 2015October 10, 2015

Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015

By Matthew Silver / October 11, 2015 October 10, 2015 / Awards, Business, Canada, Communities, Company News, Economy, Finance, home buyers, Legal, Legislation, Manufactured Homes, Modular, People, regulation, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More

Oct 9 2015October 9, 2015

Doug Ryan, CFED, HR 650/S 682 and Manufactured Home Lending

By Matthew Silver / October 9, 2015 October 9, 2015 / Advocacy, Business, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

Writing in an Industry in Focus report, MHProNews publisher L. A. ‘Tony’ Kovach lines up various references and witnesses to call publicly upon CFED’s Doug Ryan to modify its opposition to the Preserving Access to Manufactured Housing Act (HR 650/S 682). Citing Barney Frank, Marty Lavin, research done by Jan …

Doug Ryan, CFED, HR 650/S 682 and Manufactured Home Lending Read More

Oct 9 2015

Four of Top Ten Cities with Mortgages by Millennials are in Louisiana

By Matthew Silver / October 9, 2015 October 9, 2015 / Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

CNNMoney tells MHProNews Millennials are finally coming up out of their parents’ basements and buying homes. The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah, …

Four of Top Ten Cities with Mortgages by Millennials are in Louisiana Read More

Oct 4 2015October 3, 2015

Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015

By Matthew Silver / October 4, 2015 October 3, 2015 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, Trends

What’s New in public focused Manufactured HomeLivingNews.com Weathering the Storms: How Manufactured Homes Can Do It Better A Surprising Solution to America’s Quality Affordable Housing Crisis Whispering Pines Manufactured Home Community – Somerset PA, Inside MH Video What’s New in Manufactured Housing Industry Professional News FHFA to roll out MH …

Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015 Read More

Oct 1 2015September 30, 2015

Multifamily Rental Costs Hit New Record High

By Matthew Silver / October 1, 2015 September 30, 2015 / Business, Economy, Manufactured and Modular Housing News, Trends

With September’s year-over-year growth of 6.8 percent for multifamily rentals, multifamily rents reached a new record high of $1,167 in September, while also increasing to the highest year-over-year growth of the post-recession cycle, according to the most recent edition of Matrix Monthly by Yardi. The report says rents have risen …

Multifamily Rental Costs Hit New Record High Read More

Sep 29 2015September 28, 2015

Pre-existing Home Sales on High Track for 2015, while Pending Home Sales Slip

By Matthew Silver / September 29, 2015 September 28, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

As nationalmortgagenews informs MHProNews, sales of single-family homes and condos are on course to reach an eight-year high, according to RealtyTrac‘s U. S. Home Sales Report for August. 1,947,028 homes were purchased through the first eight months of the year, which represents a 5.4 percent increase over 2014. The last …

Pre-existing Home Sales on High Track for 2015, while Pending Home Sales Slip Read More

Sep 28 2015

Data Confirms Dodd-Frank Regulations Impede Manufactured Home Loans

By Matthew Silver / September 28, 2015 September 28, 2015 / Advocacy, Business, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

The Manufactured Housing Institute (MHI) informs MHProNews that data regarding lending at 7,000 financial institutions and covering nearly 10 million mortgage applications and six million loan originations reveals manufactured home lenders are not making HOEPA (Home Ownership and Equity Protection Act) loans because of the increased liability and burdensome rules …

Data Confirms Dodd-Frank Regulations Impede Manufactured Home Loans Read More

Sep 28 2015

Single-family Renter Households more Likely to Buy

By Matthew Silver / September 28, 2015 September 28, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

A June 2015 Freddie Mac survey reveals that 55 percent of renters of both single-family homes and multifamily homes plan to continue renting in the next three years, although 67 percent of multifamily renters and 60 percent of single-family renters say they are satisfied with their rental experience. However, 53 …

Single-family Renter Households more Likely to Buy Read More

Sep 27 2015September 26, 2015

Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015

By Matthew Silver / September 27, 2015 September 26, 2015 / 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 The Kennedy – Model Home Video Tour – New Durham Estates, Westville, IN Jack and Betsy Norman, Whispering Pines 55+ Manufactured Home Community, Somerset, PA What’s New in Manufactured Housing Industry Professional News Justice Dept. settles two MHC discrimination suits. Judge clears path …

Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015 Read More

Sep 25 2015

MBA Report: Household Formation may Rise to Nearly 16 million by 2024

By Matthew Silver / September 25, 2015 September 25, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to what multifamilyexecutive tells MHProNews, demand for more housing units is expected to reach 13.9 million to 15.9 million by 2024 as more households are formed. “Household formation has been depressed in recent years by a long, jobless recovery and by a lull in the growth of the working …

MBA Report: Household Formation may Rise to Nearly 16 million by 2024 Read More

Sep 25 2015September 24, 2015

New Home Sales Rise in August, but Fed Head Concerned

By Matthew Silver / September 25, 2015 September 24, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Sales of new homes in August rose sharply to a seven-year high, increasing 5.7 percent to a seasonally-adjusted annual rate (SAAR) of 552,000, well above forecasts of economists surveyed by Bloomberg. July’s rate was revised upward to 522,000 from 507,000, according to the Commerce Dept., as homebuyers continue to take …

New Home Sales Rise in August, but Fed Head Concerned Read More

Sep 24 2015

Mortgage Applications Rise

By Matthew Silver / September 24, 2015 September 24, 2015 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News

According to the Mortgage Bankers Association (MBA), mortgage applications rose 14 percent on a seasonally adjusted basis for the week ending Sept. 18. MBA Chief Economist Mike Fratantoni noted the rate declined towards the end of the week which “likely drove applications from both prospective homebuyers and borrowers looking to …

Mortgage Applications Rise Read More

Sep 23 2015September 22, 2015

Sales of Pre-owned Homes Fell in August

By Matthew Silver / September 23, 2015 September 22, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Realtors (NAR) tells MHProNews that sales of existing homes fell 4.8 percent in August to a seasonally-adjusted annual rate (SAAR) of 5.31 million, below the 5.51 million economists polled by Reuters anticipated. Year-over-year sales were up 6.2 percent, but the monthly drop is a cautionary indicator, …

Sales of Pre-owned Homes Fell in August Read More

Sep 22 2015September 22, 2015

Marty Lavin, JD – Dodd-Frank, CFPB Manufactured Home Regulations Impact on Owners, Businesses

By MHProNews / September 22, 2015 September 22, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People, regulation

5 years after its passage, Dodd-Frank remains one of the hotly contested legacies of the Obama Administration. Supporters of the law believe that it provides important consumer protections. Others point to facts suggesting CFPB over-reach with respect to manufactured housing chattel – or personal property, “home-only loans” – are creating …

Marty Lavin, JD – Dodd-Frank, CFPB Manufactured Home Regulations Impact on Owners, Businesses Read More

Sep 20 2015September 19, 2015

Sunday Morning Recap-Manufactured Housing Industry News Sept. 13-Sept. 20, 2015

By Matthew Silver / September 20, 2015 September 19, 2015 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Video Previews! Home Tours – Interviews – Drones – Tips – Tech – Talk – Inside MH! Dr. David Harnish, Superintendent, Martin Public Schools – Professional’s Interview Video – Inside MH What’s New in Manufactured Housing Industry Professional News New “Inside MH” video …

Sunday Morning Recap-Manufactured Housing Industry News Sept. 13-Sept. 20, 2015 Read More

Sep 18 2015

Mississippi Summit Focus is on Affordable Housing

By Matthew Silver / September 18, 2015 September 18, 2015 / Advocacy, Economy, Green, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

The Mississippi Regional Housing Summit will be held in Vicksburg beginning Sunday, Sept. 20 through Tue., Sept. 22 to focus on providing affordable housing in the 2nd Congressional District. With 400 people registered to attend, and the first of its kind in the state, it is drawing public officials, vendors, …

Mississippi Summit Focus is on Affordable Housing Read More

Sep 17 2015

Housing Starts Fall in August while Building Permits Rise

By Matthew Silver / September 17, 2015 September 17, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The Commerce Department informs MHProNews that housing starts—single-family and multifamily– in August fell 3.0 percent to a seasonally-adjusted annual rate (SAAR) of 1.13 million units, below the 1.17 million unit pace economists had predicted, while building permits rose 3.5 percent to a 1.17 million pace after declining 15.5 percent in …

Housing Starts Fall in August while Building Permits Rise Read More

Sep 16 2015

Homebuilder Sentiment Hits Ten-Year High

By Matthew Silver / September 16, 2015 September 16, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to cnbc, the National Association of Home Builders (NAHB) reports the Housing Market Index (HMI) of builder sentiment rose to 62 in September, the highest level since 2005, and now in positive territory (above 50) since July, 2014. “The HMI shows that single-family housing is making solid progress,” said …

Homebuilder Sentiment Hits Ten-Year High Read More

Sep 14 2015

Mortgage Debt Saddling more Retiring Boomers

By Matthew Silver / September 14, 2015 September 14, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to columbiatribune, the Consumer Financial Protection Bureau (CFPB) reports baby boomers are carrying mortgage debt into retiring years. The percentage of homeowners 65 and older with mortgage debt rose from 22 percent in 2001 to 30 percent in 2011, and among homeowners 75 and older, the rate more than …

Mortgage Debt Saddling more Retiring Boomers Read More

Sep 10 2015

Housing Sector Continues to Chug Along, although Consumer Confidence Lags

By Matthew Silver / September 10, 2015 September 10, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People, Trends

The Fannie Mae Home Purchase Sentiment Index (HPSI) in the last couple of months dropped to 80.8 from it record high set in June of 84.7, although it is up from a year ago and has stayed within a five-point range since one year ago. Fannie Mae Chief Economist Doug …

Housing Sector Continues to Chug Along, although Consumer Confidence Lags Read More

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