News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
David Tonna, President of the Silicon Valley Association of Realtors (SILVAR), is on a mission to educate today’s home buyers, MercuryNews tells MHProNews. Some 90% of all home buyers begin their home shopping online. Most search for a property for 6 months before they contact a real estate agent. But …
SILVAR President Tonna says Internet, Education key for Today’s Home Buyers Read More
Analyzing data released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), total U.S. housing starts in July advanced at the rate Seasonally Adjusted Annual Rate (SAAR) of 1.093 million units. ReedConstructionData noted to MHProNews that this is the second highest level since November 2007 …
U.S. stocks slipped amid Ukraine-Russian woes. Marketwatch tells MHProNews that investors shrugged over a “balanced speech” by Federal Reserve Chairwoman, Janet Yellen. The S&P 500 SPX, -0.01% slipped by 1 point, or less than 0.1%, to 1,991, while the Dow Jones Industrial Average DJIA, -0.04% shed 10 points, also less …
Yellen Didn’t Help Markets; Yahoo Manufactured Housing Composite Value Rises, Dow Slips Read More
Mark Brunner at the Manufactured and Modular Housing Association of Minnesota (MMHAMN) tells MHProNews that the All Parks Alliance for Change (APAC) is lobbying Congress to oppose The Preserving Access to Manufactured Housing Act (HR 1779). Brunner says APAC has sent out the following call-to-action statement to their members. “House …
Clearwater (FL) Housing Authority will begin repairs on two single family houses and a building that will be used for multi-family housing use, that should be ready next year for low-income households. Jacqueline Rivera, the housing authority’s CEO, and Deborah Woodard, chairwoman of the housing authority board, said clean up …
Residential Eyesores to be Renovated with Federal/Local Tax Dollars for Affordable Housing Read More
“We obviously … have to have more affordable housing,” Nikki Brennan, executive director of the Georgetown Housing Authority, said. “I think [the need is] pretty much all over Williamson County [WilCo]” ImpactNews tells MHProNews that WilCo has some 500 people on the public housing waiting list, and more than 600 …
Affordable Housing Irony – hundreds on WilCo waiting list – near MH Production Centers Read More
Residents of Syringa Mobile Home Park near Moscow-Pullman, Idaho have been in a struggle that bubbled up over their need for drinkable water and other issues. This began last winter, and resident Doris Carlson told KREM News that “I have wept an awful lot because I am tired of living …
“From Moscow, with Love?” Lawsuit advances against Manufactured Home Community Owner Read More
Amy Tierce, writing in the NationalMortgageNews, tells MHProNews that the CFPB’s website gives an answer to the question, What’s the Difference between being pre-qualified and pre-approved for a mortgage? but that the CFPB’s answer is not, Tierce says, “the full story.” Some lenders have decided, she says, to “not issue pre-approval letters due …
CFPB: What’s the difference between being pre-qualified and pre-approved for a loan? Read More
A steel and glass-structured modular home with non-combustible fiber cement floor panels is designed to resist bushfires in the Australian outback, as well as to collect rainwater to use in the event of a fire. The modular Supashak is made to be transportable across Australia and adaptable to a variety …
Stocks were climbing in today’s trading, as the S&P 500 hit an all-time high at 1,992.37 and the Dow closed above 17,000 for the first time since July 24, as CNNMoney informs MHProNews. The Dow Jones Industrial Average gained +60.36 points, +0.36 percent, to end the day at 17,039.49, while …
Although existing home sales rose 2.4 percent from last month to a seasonally-adjusted annual rate of 5.15 million in July, the highest rate of 2014, they are down 4.3 percent from last year, according to housingwire.com. Last July’s 5.38 million unit level, the highest for 2013, includes single-family homes, condos, …
Tiny houses may soon fill four micro communities to house the homeless and low-income residents in Portland, Oregon, according to oregonlive.com. The 192 square-foot products of TECHDWELL, which are made partly of recycled materials and cost around $12,000 to build, would be sited on public land in pods of 25 …
A new manufactured housing community (MHC) is being developed in Courtland Township in western Michigan on the site of a former MHC, and the 55 and older community may eventually include up to 700 two and three-bedroom homes. The Oaks of Rockford will begin with 150 homesites at $375 a …
A post on mortgagegrapevine.com reports someone attempting to buy a manufactured home in a community in Southern California is seeking a lender. The borrower is asking for $269,500, has full documentation, a FICO score of 569, and the loan-to-value ratio is 70 percent. MHProNews offers excerpts from two of the …
The IDEAS Investor Conference to be held Tue., Aug. 26 in Chicago will feature Encore Wire Corporation’s (NASDAQ:WIRE) Chief Financial Officer Frank J. Bilban presenting his company’s investment merits to an audience of investment professionals who combined have over $200 billion of assets under management. IDEAS Conferences, which are also …
Manufactured Home Wire Supplier Presenting at Investor Conference Read More
John Quale, an expert in sustainable and affordable housing, who previously served as director of the graduate architecture program at the University of Virginia, has been appointed director of the architecture program in the University of New Mexico School of Architecture and Planning, according to unm.edu. His specialty is in …
Professor Specializes in Affordable Housing, Moves to U. of New Mexico Read More
Commercial real estate company CBRE reports multifamily demand in the U S. continued to gain momentum in Q2 2014 as the job market improved and more households are shifting to renting instead of buying. Net absorption grew by an annual rate of 276,200 units, or 1.9%, on a year-over-year basis, …
Stocks were mixed in today’s trading as the Dow Jones Industrial Average edged up +0.35 percent, +59.54 points, to close at 16,979.13, as the Nasdaq was mostly flat, losing -0.02 percent, -1.03 points to end at 4,526.48. The S&P 500 nudged up +4.91 points, +0.25 percent, to close at 1,986.51, …
Third Avenue Gains the Most, Patrick Slides Among Tracked Stocks Read More
Equity LifeStyle Properties (ELS)/Equity Residential Chairman Sam Zell is seeking to raise $600 million for investments in emerging markets in India, China and Latin America, and may be competing with his former partner at Equity Residential, Gary Garrabrant, who left Equity suddenly in 2012, according to therealdeal.com. Garrabrant, who founded …
According to the Manufactured Housing Institute (MHI), the National Modular Housing Council (NMHC) reports 3,543 new modular homes were shipped in the second quarter of 2014, a drop of 7.7 percent from the same quarter in 2013. As MHProNews has learned, compared to the same quarter of 2013, results for …
