The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures …
Overall U. S. home starts fell 11.1 percent in May after notching the largest monthly gain in 24 years in April, according to usnews. While May’s figures were 5.4 percent above a year ago, the rate at which homebuilders began new homes in May was 1.036 million, a drop from …
While Home Starts Fall, Housing Permits Rise in May Read More
From a hearing June 11, 2015 from the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Department of Housing and Urban Development” at which Rep. Ed Royce (R-CA) questioned HUD Secretary Julian Castro about the need for housing finance reform, and bank lenders leaving …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June, more than expected, from 54 to 59 points, hitting its highest level since September, 2014, indicating confidence among home builders. While any number above 50 indicates builders see conditions as favorable, Reuters says …
While the focus of homebuilding has been on the larger homes, the future may see more moderately priced smaller homes as the industry tries to lure consumers, especially first-time buyers, back into the homeowner fold, as the National Association of Home Builders (NAHB) tells mpamag. However, Census Bureau data reports …
Since President Obama entered the White House real estate has been the best investment in terms of returns, specifically real estate investment trusts (REITs), companies that own a variety of properties, or just one type of investment. According to cnnmoney, investors have bought REITs during the recovery from the recession …
REITs have been a Good Investment during the Economic Recovery Read More
A survey by the Associated General Contractors of America (AGCA) found last year that 83 percent of construction firms had difficulty filling carpenter, laborer and equipment operator positions, according to wsj. Nearly 2.3 million construction jobs disappeared between April 2006 and January 2011, 40 percent of that particular workforce. As …
If Demand Surges for New Homes, Who will Build them?? Read More
The aphorism that to own your own home was the American Dream, and that with a little more initiative you could have your very own Dream Home, has proven to be more elusive. As builderonline says, “The fact that easy and crazy lending made ownership possible does not mean that …
Market Conditions are Ripe for Manufactured Housing to Fill A Void Read More
In manufactured housing news, L. A. “Tony” Kovach defines path to revitalize the MH industry, while one MH supplier picks new head, another MH producer closes, HUD Code production continues rising, MHC reverting to stick-built homes, Cavco seeks tax abatement, AZ MHC closing, Sen. Donnelly and MHI’s Jennison defend H.R. …
In his fourth installment on General Manufactured Housing Industry Topics, MHProNews and MHLivingNews publisher L. A. “Tony” Kovach says getting Realtors ® involved in the sale of manufactured homes can be a mutually profitable proposition. “We believe there is obvious value in having real estate agents who already know manufactured …
Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship Read More
Falling to the lowest level since Q1 2012, the average down-payment for single-family homes, condos and townhouses purchased in the first quarter dropped to 14.8 percent of the purchase price, a slight decrease from 15.2 percent the previous quarter and 15.5 percent a year ago, according to what RealtyTrac tells …
Drop in Down Payment Signals Uptick in First-time Home Buyers Read More
MHLivingNews and MHProNews publisher L.A. “Tony” Kovach follows the time line formation of renter households versus homeowner households, from the New Deal’s attempts to increase homeownership in 1933 to present day attempts, correlating Fannie Mae and Freddie Mac expansion with economic programs, artificially induced interest rates and subsidies to stimulate …
Through a series of interviews with manufactured housing industry professionals, politicians and consumers and a bevy of statistics and graphs, MHLivingNews and MHProNews publisher L. A “Tony” Kovach documents the pitfalls and stumbling blocks that prevent manufactured housing from becoming a major player in meeting the growing need for affordable, …
The Path to the Rebirth of the Manufactured Housing Industry Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that, based on statistics released by the Department of Housing and Urban Development (HUD), HUD Code production for April, 2015 hit 6,085 homes, a 7.6 percent increase above the 5,653 produced in April, 2014. Total production for the year is …
HUD Code Production of Manufactured Homes Continues Climbing Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports that 66.5 percent of new and existing homes sold between January and March this year were affordable to families earning the median income of $65,800, the point at which half U. S. incomes are higher and half …
The U. S. news this week was dominated by the flooding that ravaged Texas, leading to the loss of some 30 lives, 4,000 damaged homes and millions of dollars in damages. In manufactured housing news, residents at an MHC threaten to move because of high utilities, UMH acquires another MHC, …
The National Association of Realtors (NAR) reports that pending home sales rose again in April, 3.4 percent over March, following March’s increase of 11 percent over March 2014. April’s rise was 14 percent year-over-year, the highest level since 2006, says realtor. NAR’s chief economist Lawrence Yun remarks about today’s numbers: …
While he supports free enterprise in the mortgage market, former Ginnie Mae President Joseph Murin, in a blog on housingwire, says without the federal guarantee offered by the Federal Housing Administration, the Department of Agriculture and Veterans Administration mortgages, the U. S. economy may have fallen farther than it did. …
Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae……… Read More
In this week’s News: Despite Zoning, MH would be Replaced. Modular Housing adding up. Builder Confidence Slips. Aries Mods in NC. Art’s Way Honored. Deer Valley Stock Zooms. Owning Cheaper than Renting. Good Housing Deals in Rust Belt. Rent Stabilization Extended. Mainstream Media Hinders MH Buyers with no Recourse. Correct …
The National Association of Realtors (NAR) reports that sales of existing homes dropped 3.3 percent in April following a sharp gain of 6.1 percent in March, according to icis. The seasonally-adjusted annual rate (SAAR) for April was 5.04 million units, a drop from the 5.21 million pace in March. In …
Existing Home Sales Fell in April, although Housing Starts Rose Read More
