Seattle, San Francisco, San Jose, Los Angeles, and San Antonio are the top five housing sellers markets, according to Zillow.com. These cities have the shortest selling time and sold prices are often at or above asking prices. Chicago, Cleveland, Pittsburgh, Tampa and Philadelphia are the best for buyers because they […]
Housing Sellers’ Markets? Go West. Buyers Markets? Eastern U. S. Read More
In a wide-ranging interview on Fox Business Network’s Opening Bell with Maria Bartiromo, Chairman of Equity LifeStyle International, Sam Zell, says he may not be young enough to see the final tapering of the Federal Reserve’s stimulus, despite most observers saying it will end in October, as housingwire.com tells MHProNews.
Sam Zell: Housing Market Recovery–Not Read More
Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 109,824 U. S. properties in May 2014, a five percent decrease from the previous month, and a 26 percent drop from one year ago to the lowest monthly level since Dec., 2006, according to RealtyTrac’s latest
Foreclosures Fall Nationally 26 Percent Year-over-Year Read More
McGraw Hill’s Construction Forecast Report anticipates 45 percent of all construction begun in the U. S. in 2014 will be single and multifamily housing projects. A survey of builder and remodeler members of the National Association of Home Builders (NAHB) reveals 62 percent of single-family home builders report they are
Green Construction Growing in Housing Market Read More
U. S. employers added 217,000 jobs in May, continuing four months of significant job growth that now averages 234,000 for the past three months, although it is a drop from the 282,000 added in April. Following a slow start to the year, often blamed on the severe winter weather, the
Job Growth Continues in May Read More
Representing a net gain of nine metropolitan areas year-over-year, 56 returned to or exceeded their last normal levels of economic and housing activity out of 350 metros, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). Based on current permit, price and employment data, MHProNews
Economic and Housing Activity Remains at 88 Percent Read More
While housing experts and economists maintain the housing crisis is over, a survey conducted by the John D. and Catherine T. MacArthur Foundation in April reveals 51 percent of respondents believe the nation continues in the throes of the housing bust, and 19 percent believe the worst has yet to
Half of Americans Believe Housing Crisis has not Passed Read More
CoreLogic reports 312,000 more homes returned to positive equity in the first quarter of 2014, indicating 6.3 million homes remained underwater as of Q1 2014, compared to 6.6 million homes at the end of Q4, 2013, according to worldpropertychannel.com. In aggregate, the value of negative equity totaled $383.7 billion as
More Underwater Homes Return to Buoyancy in Q1 2014 Read More
The National Modular Housing Council (NMHC) reports shipments of 2,874 modular homes for the first quarter of 2014, a drop of 2.1 percent over the same quarter 2013. Compared to Q1 2013, ten states saw increased shipments of modular homes while 24 states experienced reductions. For purposes of comparison, as
Modular Home Shipments Slip Read More
Statistics compiled by the U. S. Department of Housing and Urban Development (HUD) reveal production of manufactured homes rose from 5,313 homes in April 2013 to 5,653 homes in April 2014, a 6.4 percent increase. Cumulative production of HUD Code homes for 2014 has hit 19,318, compared to 18,173 for
HUD Code Homes Production Rises again in April Read More
U. S. Census Bureau statistics report only 36% of Americans under the age of 35 own a home, a drop from 42 percent in 2007, and the lowest level since 1982 when the Bureau began documenting the age of homebuyers, as MHProNews.com has learned. While 90 percent of Millennials would
Millennials: Content to Rent? Read More
Cautious optimism surrounds the builders of manufactured and modular homes, according to ocala.com, as demand has led some producers to hire more employees and others to expand product lines. Christine Stump of Southern Structures, Inc. in Silver Springs Shores, Florida says before the housing bubble she and her husband had
HUD Code and Modular Homes Reviving in Ocala, Florida Read More
Following an article MHProNews posted May 28, 2014 regarding Boston Mayor Martin Walsh’s comment that more housing for those with moderate incomes needs to be available to maintain a healthy city, an editorial in bostonglobe.com begins by saying that many manufactured and modular homes are virtually “indistinguishable in looks and
Boston Globe Extols Manufactured and Modular Homes for City Read More
Following a one percent spike in consumer spending in March, April saw a -0.1 percent decline, the first drop in spending in one year, according to the U.S. Commerce Department, as RVBusiness.com tells MHProNews.com. The surge in March marked the largest increase in four years. Consumer spending accounts for 70
Consumer Spending Falls for First Time in 12 Months Read More
The latest Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) reports production of apartments and condominiums rose three points in the first quarter to 53, marking the ninth consecutive quarter with a reading of 50 or above. The MPI is derived from three key elements
Multifamily Housing Production Rises Read More
For the second straight month, pending home sales rose in April to 97.8 from 97.4, according to the National Association of Realtors (NAR) Pending Home Sales Index (PHSI), an indicator based on signed contracts., reports worldpropertychannel.com. Although the index is 9.2 percent below April 2013, NAR Chief Economist Lawrence Yun
Pending Home Sales Rise 0.3 Percent Read More
While Boston is undergoing a surge of residential construction, the majority are luxury rentals that go for $3,500 or more per month, according to bostonglobe.com. While only 22 percent of the 6,600 rental and ownership units across the city under construction are affordable to households earning between $50,000 and $100,000,
Affordable Modular Housing may Rise in Downtown Boston Read More
CoreLogic Case-Shiller informs MHProNews single-family homes prices rose in every Chicago-area zip code last year for the first time since 2006, led by the Mount Greenwood neighborhood–60655–on the South Side at 16.5 percent, followed by Morgan Park–60643– with 15.9 percent. At the other end of the spectrum Joliet–60432– notched the
Single-family Home Prices Rise in Chicago Read More
While the Tea Party can trace its origins to anger over the Wall Street bailouts in 2008, the sharp edge for that movement of the Republican Party to the right has been dulled at the polls recently, much to the relief of the banking industry, which sees the shift as
The Hill-Bankers Sigh-but it’s not the “Iced Tea Party” Read More
The California Manufactured Housing Institute (CMHI) informs MHProNews.com 70 percent of manufactured home sales there are not starter homes but rather second homes or people downsizing to an aging in place residence. Increasingly, people are paying in cash, and, according to CMHI President Jess Maxcy, the trend towards the higher-end
Manufactured Home Sales Rise 24 Percent in California Read More
