Noting the high pace of multifamily housing starts for April, 2014, as MHProNews reported here May 16, 2014, Ted Wieseman of Morgan Stanley says tight mortgage credit will propel new household formation into the rental market and multifamily housing starts will be well above the historical average. The newsletter from […]
Multifamily Starts Responds to Rental Market Demand Read More
Writing in thehill.com blog, Doug Ryan, director of Affordable Homeownership for Corporation for Enterprise Development (CFED), says the manufactured housing industry is trying to sabotage perfectly good Consumer Financial Protection Bureau (CFPB) regulations that protect buyers of MH from high-priced loans, through promoting its Preserving Access to Manufactured Housing Act
Robert Calhoun bought Sunrise Mobile Home Park in Goose Creek, South Carolina in the 1970’s and expanded the home sites from 102 to 325, added a swimming pool and a gated section, and lost only three of the property’s 115 live Oak trees, as the area grew up around him.
Factory-Built Homes Returning in Charleston, South Carolina Read More
The jump in multifamily housing starts for April of 39.6 percent is the fastest pace for this housing sector since Jan. 2006, and helped propel total housing starts to 1.07 million units, a 13.2 percent increase over March, according to figures released by the Department of Housing and Urban Development
Housing Starts Post Highest Pace in 8 years Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews.com that new and used manufactured home title changes rose +21.57 percent Feb. over Jan. this year, increased +1.19 percent over Feb. 2013, and the year-to-date percentage change from the same time last year rose +0.31 percent. For new titles the change from
Texas Manufactured Housing Title Changes Reported for January to February Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports lower median prices and steady mortgage rates contributed to higher housing affordability in Q1 2014, rising from 64.7 percent of homes sold in Q4 2013 that were affordable to families earning the median income of $63,900, to
Housing Affordability Rises Slightly in First Quarter 2014 Read More
Retail sales, which account for one-third of consumer spending, rose only 0.1 percent in April, according to the Commerce Department, following an increase of 1.5 percent in March, which was the largest rise since March 2010. Furniture, electronic and appliance stores, as well as bars, restaurants and online retailers all
Consumer Spending Tepid in April Read More
Following a story MHProNews posted April 29, 2014 regarding postponement of the mark up of the housing finance reform bill by the Senate Banking Committee, nationalmortgagenews.com reports the bipartisan legislation by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) will be voted on by the committee on Thursday, May 15.
Senate Panel to Vote on Johnson-Crapo Measure Read More
Writing in nationalmortgagenews.com, Brad Finklestein refutes the notion advanced by opponents that affordable housing caused the mortgage crisis. Borrowers in all income groups ran into problems, although those of more modest means got hit the hardest and likely have had a harder time recovering. But as MHProNews understands, the bottom
Affordable Housing Blocking Mortgage Reform? Read More
The Wisconsin State Legislature pushed thru sales tax breaks for three specific industries, according to the non-partisan Legislative Fiscal Bureau, as reported by beloitdailynews.com. One of them is the Wisconsin modular homes manufacturing industry, which will realize a savings totaling about $980,000 per year, MHProNews.com has learned. Without the tax
Sales Tax Removed from Wisconsin Produced Modular Homes Read More
Since year one of the Obama administration, the number of businesses failing outnumber the businesses being created for the first time in recent memory, according to Ray Hennessey, writing in entrepreneur.com about data collected by the Brookings Institution. While Brookings does not point to any particular culprit, Hennessey says its
Brookings Institution reports Negative impact on Business Since 2008 Read More
MHProNews.com has been informed by the Manufactured Housing Institute (MHI) that the U. S. Department of Housing and Urban Development (HUD) has proposed to increase the label fee from $39 to $100 to help defray the program costs due to a reduction in production since the fee was last raised
HUD Raising Label Fee for Manufactured Housing to $100 Read More
The Manufactured Housing Institute (MHI) informs MHProNews.com the House Financial Services Committee adopted, by voice vote, the Preserving Access to Manufactured Housing Act (H.R. 1779). Although the measure will not be formally approved until a recorded vote is taken, which is expected to occur the week of May 19th, the
House Financial Services Committee Voice Votes “Yes” to H.R. 1779 Read More
RealtyTrac reports for the first three months of 2014, 43 percent of all home sales were cash deals, up 19 percent from a year ago, and the highest level since the analysis company began tracking cash sales in early 2011. Cash buyers are more attractive to sellers due to quicker
Cash Sales for Homes Increase 19 Percent Read More
The National Association of Home Builders (NAHB) reports their most recent single-family 55+ Housing Market Index (HMI) is up the first quarter of 2014 to 50, the highest Q1 reading since the survey of builders’ confidence began in 2008. It is also the tenth consecutive quarter of year over year
Builder Confidences Rises for 55+ Market Read More
Federal Reserve Chair Janet Yellen is optimistic about the U. S. economy as a whole, but expresses caution about the housing market, noting it has been a key part of the recovery since 2011 but has fallen short this year, according to CNNMoney.com. Noting that warmer weather may not be
Federal Reserve’s Janet Yellen Concerned about Housing Market Read More
Mike Taylor of Pacific Manufactured Homes in Beaumont, California says the mix of those buying manufactured homes is shifting from first-time buyers to vacation or second-home buyers and to people downsizing who may be looking to retire. The California Manufactured Housing Institute (CMHI) reports 70 percent of the sales are
Manufactured Home Sales Rising in California Read More
The Elkhart-Goshen, Indiana metro area ranks number two out of 240 for job growth in small-sized cities–those defined as having under 150,000 jobs—and ranks fourth of all 398 cities of all sizes surveyed. Bismarck, North Dakota topped both of the lists, according to rvbusiness.com. Ranking above Elkhart in the “all
Patrick and Drew’s Hometown Experiences Phenomenal Job Growth Read More
On July 22, 2013 MHProNews.com covered a story from Midland, Texas where the Midland Independent School District (MISD) had plans to buy modular housing for staff because the Eagle Shale energy exploration in the southwest part of the state was gobbling up housing resources. In nearby Odessa, a one-bedroom unfurnished
Texas School District Acquiring Modular and Manufactured Housing Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports figures released by the U. S. Department of Housing and Urban Development (HUD) reveal the production of manufactured homes in March 2014 rose 9.6 percent over the same period of 2013, from 4,467 homes to 4,899. Cumulative industry production for the
Manufactured Housing Industry Production Continues Rising Read More
