New home construction in April hit its highest level since November 2007 as privately owned housing starts hit 1.1 million, a 20.2 percent increase over March. Building permits also increased, rising to a seasonally-adjusted annual rate of 1.1 million as well, 10.1 percent over March, the highest rate since June …
The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses. Mike Baker and Daniel Wagner – writers of the Seattle …
MHProNews has learned from CNNMoney the top housing markets for buyers are where the inventory is fuller and houses tend to remain on the market for a longer time, giving more opportunity for bargaining strategies. Philadelphia, Cleveland, Chicago, Miami-Fort Lauderdale, Providence, Detroit and Pittsburgh are strong buyer markets, according to …
One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers Read More
According to a report by Trulia, on a national level homeownership is 35 percent cheaper that renting, up from 33 percent last year. While home prices have risen a little more than rents, lower mortgage rates provide a financial advantage to home buyers. The top five markets where buying provides …
Speaking of the housing market in Smith County’s Tyler, Texas, realtor Amy Montayne says, “It’s getting crazy now. There are just so many people moving to Tyler, migrating here from other states and big cities. It’s exciting, but we’re working ourselves to death. It’s a very, very competitive market.” According …
Housing Market, including Manufactured Homes, tight in East Texas Read More
According to the National Association of Home Builders (NAHB) Wells Fargo Index, builder confidence for newly built single-family homes has fallen four out of the last five months, dropping to 54 this month from 56 in April. Any number above 50 indicates builders regard conditions as good. According to bloomberg, …
ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …
Both of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, operate under a $30 billion cap for purchases of multifamily loans, according to costar. Since they each hit $10 billion in the first quarter, they would max out by the third quarter, leaving no available funds to finance deals …
FHFA Stretches Multifamily Affordable Housing Lending Categories Read More
In a new report the Mortgage Bankers Association (MBA) said, according to its Mortgage Credit Availability Index (MCAI), availability of mortgage credit rose 0.5 percent in April to 122.0 following an increase in March of 2.3 percent to 121.4. MHProNews has learned from housingwire the index was benchmarked at 100 …
Mortgage Credit Rises, but Remains Well Below the 2006 Peak Read More
A new study of homeownership, home values and income growth from 2000 to 2013 by the National Association of Realtors (NAR) indicates 90 percent of metropolitan housing markets have seen a decline in homeownership rates. Rising home values and static incomes are widening the wealth gap which is leading to …
Rents are Rising—Manufactured Home Living more Reasonable than Ever Read More
In a survey of 1,000 millennial renters, rent.com discovered while 57 percent rank affordability as the major consideration, 55 percent stated they would pay an extra $150 month to stay in an apartment they really liked, and 24 percent said they would pay $400 more for that same apartment. Given …
The National Association of Home Builders/First American Leading Markets Index (LMI) tells MHProNews 68 of the 360 metro areas nationwide equaled or exceeded their last normal levels of economic and housing activity in Q1 of 2015. Based on current permit, price and employment information, nationwide the average is running at …
Based on official statistics gathered on behalf of the Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in March hit 5,602, a 14.3 percent increase over the 4,899 homes produced in March 2014. This …
HUD Code Manufactured Home Production Continues Rising Read More
The private research group the Conference Board reports consumers are more worried about the economy as well as the outlook for the future. As the Wall Street Journal tells rvbusiness, its index of consumer confidence dropped to 95.2 in April, from 101.4 in March. Consumers’ assessment of current economic conditions …
MHProNews has learned from riverheadnewsreview on Long Island, New York that single-family home construction has risen in Riverhead Town, nearly doubling last year over 2013, including factory-built homes. Although it is considerably less than the 381 permits let in 2002 and 271 in 2003 in the run-up to the housing …
According to thehill, home prices increased as Standard & Poor’s/Case Shiller 20-city index notched a five percent annual gain in February, an increase over the 4.5 percent pace in January, marking 34 months of growth. “Home prices continue to rise and outpace both inflation and wage gains,” said David Blitzer, …
MHProNews has learned from bloomberg pending home sales of previously-owned homes for March rose 1.1 percent following a revised 3.6 percent jump in February, which was the biggest increase since October 2010, according to figures from the National Association of Realtors (NAR). The increase was one tenth of one percent …
While many studies have shown that homeownership continues to be a large part of the American Dream, the Joint Center for Housing Studies at Harvard University reports in 2013 home purchases fell for the ninth consecutive year, and homeownership has dropped to 65 percent, the lowest rate in 20 years. …
Manufactured Housing may Become the New American Dream Read More
Following a story MHProNews posted earlier regarding a significant rise in existing home sales based on numbers of the National Association of Realtors, Dave Kranzler, writing for seekingalpha, says when the numbers are put into a longer range historical context, there is “more sizzle than substance.” Home sales were said …
As the National Association of Realtors (NAR) informs MHProNews, purchases of previously owned homes rose 6.1 percent to a seasonally-adjusted annual rate of 5.19 million, the most in four years, and to the highest level since Sept. 2013. Houses sold on average after 52 days on the market, the quickest …
Sales of Previously Owned Homes, Purchase Applications on the Rise Read More
