The National Association of Home Builders (NAHB) informs MHProNews, according to figures released by HUD and the U. S. Census Bureau, sales of single-family, newly-built homes increased 15.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 437,000 units. Every region experienced solid gains in new home sales—27.6 percent […]
New Home Sales Rise in Jan. Read More
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), in the final quarter of 2012 74.9 percent of all homes sold in the U. S. were affordable to households making the U. S. median income of $65,000, up from 74.1 percent in the previous quarter.
Home Affordability Remains Steady Read More
Responding to an article in newschief concerning the push by manufactured housing community (MHC) residents in Fla. to limit rent hikes, the writer argues that homeowners should gain from the equity they put into their homes when they try to sell it. Currently, when a home changes hands the site
MHC Residents Seek Rent Fairness Read More
Not long ago Florida had one of the highest foreclosure rates in the country. As HousingWire informs MHProNews, in Jan. closed sales of existing single-family homes rose 11.7 percent over last Jan. to 13,679, while pending home sales for existing single-family homes jumped 31 percent versus last year. The median
Sunshine State getting Sunnier Read More
CNNMoney reports the National Association of Realtors says previously-owned homes sold at an annual rate of 4.92 million in Jan., 2013,, a nine percent increase since last year at this time. Home prices climbed 12.3 percent to a median of $173,600, the largest percent gain in eight years. There was
Numbers Keep Improving for Housing Market Read More
The National Association of Home Builders (NAHB) tells MHProNews while the number of permits issued for new housing starts rose 1.8 percent in Jan. to a seasonally-adjusted annual rate (SAAR) of 925,000—the best rate since the middle of 2008—the number of overall actual housing starts nationwide dropped 8.5 percent to
Single-family Starts Steady; Multi-family Starts Drop Read More
Federal Housing Administration (FHA) Commissioner Carol Galante, telling the House Financial Services Committee her agency will not likely need Treasury assistance this year, says the FHA has raised its insurance premiums five times since 2009, is raising them again April 1, and is issuing new regulations to reduce losses. The
FHA Bail-Out? 50-50 Odds Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for single-family newly-built homes dropped one point to 46 this month as builder confidence leveled off. A score of 50 or better indicates builders see the market as good versus poor, as MHProNews understands. Having been conducted for
NAHB/HMI Index Slides One Point Read More
KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to
Key West Property Transforms into MHC Read More
Following President Barack Obama’s State of the Union address, Rick Judson, chairman of the National Association of Home Builders (NAHB), issued the following statement: “Extremely tight mortgage credit conditions are hampering the housing recovery and hurting job growth. The nation’s home builders were very pleased to hear President Obama acknowledge
NAHB Responds to President Obama’s Speech Read More
As PRWeb informs MHProNews, according to market research firm Global Industry Analysts, Inc. (GIA), shipments of prefabricated homes are expected to reach 112,000 units by 2018 in the U.S. as the resurgence in housing and construction activity increases. The study covers manufactured, modular, panelized, and precut housing, but the manufactured
Research Proclaims MH Rising Read More
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society
Sam Zell on the Housing Market: It’s Going to be a While Read More
An article in NuwireInvestor refutes the charge in a Wall Street Journal piece from Dec. 11, 2012 that the manufactured housing market is declining while the site-built market is rebounding. Of the 50,000 MHCs in the nation, 45,000 serve as affordable housing for those who pay around $500 a month
TribLive tells MHProNews credit reporting agency TransUnion reports mortgage delinquencies have dropped to a four year low. The percentage of borrowers 60 days late fell to 5.19 percent in the last quarter of 2012, down almost 14 percent from the same period a year earlier. Prior to the housing downturn,
Mortgage Delinquencies Fall Read More
The National Association of Home Builders (NAHB) informs MHProNews builder confidence in the 55+ housing market for single-family homes grew by ten points in the fourth quarter 2012 versus the same period the year previous. NAHB’s Housing Market Index (HMI) measures builder sentiment based on current sales, prospective buyer traffic,
Senior Housing Market Looking Up Read More
AOLRealEstate reports a survey by Prudential Real Estate reveals 77 percent of the respondents 25-34 and 78 percent of those 35-44 see homeownership as very important as the recession fades into history. Eighty-five million Generation Xers and Millennials, many of whom were not impacted by the housing bubble, are generally
Home Ownership Sentiment Still Strong Read More
HousingWire reports the National Association of Realtors (NAR) says Q4 2012 witnessed the strongest year-over-year median home price rise in seven years. NAR’s chief economist Lawrence Yun says with the lowest unsold inventory of homes in 12 years, and the population growing faster than the housing stock, the existing median
Median Home Price Rises, Distressed Home Sales Drop Read More
As nationalmortgagenews tells MHProNews the Third Circuit U. S. Court of Appeals in Philadelphia ruled that a homeowner can file suit to rescind a mortgage past the statutory three-year limit providing they filed a notice within the three years. The Consumer Financial Protection Bureau (CFPB) filed a brief supporting the
Appeals Courts Split over Rescission Read More
HousingWire informs MHProNews, according to the Obama Administration’s January housing scorecard, many signs point to a recovering housing market but all danger signs have not disappeared. The number of underwater borrowers has fallen from 10.78 million in the previous quarter to 10.67 million in Jan.; and existing homes for sale
Housing Market Continues to Show Recovery Read More
MHProNews has learned the Standing Rock Housing Authority of the Standing Rock Sioux Tribe in North Dakota will be accepting bids for multifamily modular housing to be transported and set on foundations at three different locations within the Standing Rock Reservation. The specifications call for (4) four plex and one
Sioux Tribe Seeks Bids for Modular Housing Read More
