According to statistics released by the U. S. Department of Housing and Urban Development and the Census Bureau, the National Association of Home Builders (NAHB) tells MHProNews sales of new single-family homes fell 11.4 percent in March to a seasonally-adjusted annual rate (SAAR) of 481,000 units. “After two robust months …
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …
Return on Investment for Manufactured Home Communities Grows Read More
Since 1940, the number of people living alone in the U. S. has grown from seven percent to over 25 percent, as washingtonpost informs MHProNews. But our housing stock is built for families: Two bedroom starter homes with one bath, three-bedroom family homes with two bathrooms, and apartments designed for …
Sunday Morning Recap April 13-April 18, 2015 The big news of the week is that H. R. 650, The Preserving Access to Manufactured Housing Act, a major effort by the MH industry, finally passed the House. Deer Valley stock plummets one day, skyrockets two days later. In other news, a …
The National Association of Home Builders (NAHB) urged federal regulators and Congress to ease tight mortgage standards so that credit worthy borrowers could contribute to a stronger recovery of the housing market. NAHB Chairman Tom Woods testified before the Senate Banking Committee that was examining barriers to obtaining mortgage credit. …
NAHB Appeals to Congress to Ease Credit for Homebuyers and Contractors Read More
The National Association of Home Builders (NAHB) tells MHProNews housing starts rose two percent to a seasonally-adjusted annual rate (SAAR) of 926,000 units in March, according to data from the U. S. Department of Commerce. Single-family home production increased 4.4 percent to a SAAR in March of 618,000; multifamily starts …
Housing Starts Inch Up Two Percent; Housing Permits Fall 5.7 Percent Read More
According to an interview with Federal Reserve Vice Chair Stanley Fischer, although the economy in the first quarter was “poor,” he says the rebound is already underway with wage increases. The bond market turned negative on these remarks, according to what cnbc tells MHProNews, fearing interest rates will move up …
Federal Reserve’s Fischer says the Fed will be Temperate in its Movement on Interest Rates Read More
Collating data on rising home prices, affordability, strong housing demand, and excellent economic demographics, housingwire tells MHProNews Auction.com has chosen the five top single-family housing markets. Auction.com Executive Vice President Rick Sharga says, “As the U.S. housing market has continued to recover from the Great Recession, we’ve seen significant regional …
Two of the Top Five Single-family Housing Markets Live in Texas Read More
The National Association of Home Builders (NAHB) tells MHProNews builder confidence for single-family, newly-built homes rose four points in April to 56 points on the NAHB/Wells Fargo Housing Market Index (HMI). Any number over 50 indicates more builders see conditions as good rather than poor. NAHB Chief Economist David Crowe …
Housing Market Index Rises to Highest Yearly Point Read More
According to Quicken Loans March report, appraisers’ opinions of home values fell 0.40 percent below homeowners opinions last month, as homeowners continue to overvalue their homes. In addition, the national Home Value Index indicates home values dropped 0.56 percent in March, consistent with most metro areas that saw little change …
Home Values Rise Over 2014 but Change Little Month to Month Read More
Writing in Manufactured Home Living News, MHProNews publisher L. A. “Tony” Kovach says those opposed to the passage of the Preserving Access to Manufactured Housing Act, H. R. 650, which is scheduled to reach the House Floor for a vote this Tuesday, are fueling the mainstream media with misinformation about …
H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing Read More
As housingwire informs MHProNews, the latest report from CoreLogic says home prices nationwide rose 5.6 percent in Feb. 2015 over Feb. 2014, but increased only 1.1 percent from Jan. 2015 to Feb. 2015, indicating home price growth may only be temporary. Analysts are concerned that stagnant wage growth may hold …
Home Prices have Risen Monthly for over Three Years Read More
HUD Code production continues rising, China going modular, Cavco Acquisition, Affordable housing lags, New MHC in Arizona, Inmates Building Modular Homes, Champion Partners with Winnebago, MHCC Suggests Multifamily HUD Code Homes and more. Mon., March 30 Rising Land Values Force Older Manufactured Home Communities Out China Choosing Modular for Hotels, …
The Manufactured Housing Association for Regulatory Reform tells MHProNews that industry production of HUD Code homes continued to grow during Feb. 2015. According to statistics from the U. S. Department of Housing and Urban Development (HUD), 4,803 homes were produced in Feb. 2015, a 10.1 percent increase over the 4,361 …
Manufactured Home Production Continues its Ascendancy Read More
The Conference Board’s Consumer Confidence Index hit 101.3 in March, as rvbusiness has learned from CNBC, beating estimates. Economists surveyed by Reuters anticipated a reading of 96.2. February’s reading was revised from 96.4 to 98.8. Further, the proportion of consumers expecting their incomes to grow rose from 16.4 percent to …
The National Association of Realtors (NAR) tells MHProNews their Pending Home Sales Index, based on contract signings, rose 3.1 percent in Feb. to 106.9 from a revised Jan. index of 103.7, 12 percent above last Feb.’s mark of 95.4. (An index of 100 represents an average level of contract activity.) …
Pending Home Sales, First-time Homebuyers Rise in Feb. Read More
MHProNews has learned from nationalmortgagenews a recent report by Zillow states that population growth has outpaced the growth of housing in many areas across the country, especially affordable housing. The cities that are in step have either experienced low population growth or have maintained a steady growth of new housing. …
The Tunica Manufactured Housing Show in Mississippi shared the spotlight this week with the House Financial Services Committee passing the Preserving Access to Manufactured Housing Act out of committee and headed to the House floor for a vote. Additionally, IKEA prepares to ship 10,000 durable modular shelters to Iraqi homeless …
Sunday Morning News Re-Cap March 22 to March 28, 2015 Read More
According to what housingwire tells MHProNews, Motley Fool got opinions from three of their analysts abut the effect of rising interest rates, which the Federal Reserve will very likely raise in either the second or third quarter. Matt Frankel says marginally higher interest rates will not impact the real estate …
Will Higher Interest Rates Affect the Housing Market? Read More
While housing starts fell 17 percent in February, as the National Association of Home Builders informs MHProNews, newly built, single-family home sales rose 7.8 percent for the same month to a seasonally annual adjusted rate of 539,000 units. Utilizing data from the U. S. Department of Housing and Urban (HUD) …
New and Existing Home Sales Rise; Housing Starts Plunge Read More
