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.
Predictions for 2014 from nationalmortgagenews.com forecast home sales will rise from 5.5 million this year to 5.9 million in 2014, home price appreciation will drop from 11 percent to six percent in 2014, and the 30-year mortgage rate will rise 50 basis points to five percent. The purchase-refinance loan origination …
Investors took a break at the end of a strong week and a most bountiful year on Wall Street as all three major indexes slid a quarter of a point or less. CNNMoney reports the Dow Jones Industrial Average edged down -1.47 points, -0.01 percent, to close at 16,478.41. The …
Skyline Rises, Patrick Falls; Dow, Nasdaq, S&P End Week Up Read More
According to nationalmortgagenews.com the average weekly rate for a 30-year mortgage is two basis points under 4.5 percent, making it just above one percent higher than one year ago. For a 15 year mortgage, the average rate is two basis points above 3.5 percent, making the mortgage rate just under …
30-Year and 15-Year Mortgages Slightly Above One Year Ago Read More
Following up on a story MHProNews posted Oct. 9, 2013 regarding a housing plan for Estevan, Saskatchewan, Canada, modular homes will begin to be sited in early 2014, ready to be occupied by mid-January. Phase 1 of the Ridge subdivision has 85 lots, 60-65 of which have been sold to …
Modular Homes Sold in Estevan, Saskatchewan Development Read More
Acting Federal Housing Finance Administration (FHFA) Director Edward DeMarco announced the day before incoming FHFA Director Mel Watt was approved by the Senate that he intended to raise certain GSE (government-sponsored enterprise) fees in early 2014. He says this will entice more private lenders back into the mortgage market and …
Incoming FHFA Director Mel Watt to Delay Mortgage Fees Read More
While most of the modular homes in Australia are for coastal and rural retreats, more architect-designed, multi-million-dollar prefabricated homes are being trucked 500 to 600 miles and craned into place, sometimes costing over $100,000 just for transport. While the prefab market in Australia is relatively immature, representing only about one …
A one-time drug dealer who built a profitable music business from his illegal gains and served three years in prison has rebounded back into the music business, very successfully, and is now promoting a modular home production facility that will revitalize a distressed community, according to post-gazette.com. Lee Davis cut …
Former Felon Bringing Modular Home Business to Neighborhood Read More
Schaeffer’s Investment Research reports the Dow has gained 68 percent of the time each Christmas week for the last 100 years, and this year is no exception, as Santa continues to deliver good news to investors. CNNMoney reports the Dow Jones Industrial Average gained 122.33 points, +0.75 percent, to close …
Patrick Industries Advances; Santa Continues Delivering to Investors Read More
The new developer of Georgetown Estates in Georgetown County, South Carolina has requested his proposal to alter the content of the development to include factory-built homes be put on hold by the county planning commission. The original plan included 214 single-family and patio homes on lots ranging from 6,000 square …
While lenders who make qualified mortgages that must conform to certain criteria have greater legal protection than those loans that do not, the Consumer Financial Protection Bureau (CFPB) published a factsheet that states, “We will stand with borrowers and homeowners to ensure financial institutions treat them properly. Borrowers who fall …
Home prices rose 0.5 percent in October over the previous month, according to nationalmortgagenews.com, as prices climbed 8.2 percent year-over-year, based on data from the Federal Housing Finance Administration (FHFA). Investors have reduced the inventory of distressed properties as mortgage rates rise, and gains in employment are attracting more home …
Traditional Home Buyers Returning to Market as Investors Leave Read More
Following up on a story MHProNews posted Dec. 24, 2013 regarding a family in Kansas who requested a variance to allow them to temporarily site a manufactured home on their property while their fire-damaged home was rebuilt, the request was approved, according to cjonline.com. Randall and Monica Rose and their …
County Commission Approves Manufactured Home Request Read More
Following up on a story MHProNews posted Nov. 23, 2013, Sanford, North Carolina modular home builder Homes by Vanderbuilt reached out this Christmas season to their online social network community and raised $1,000 for the global nonprofit Toys for Tots campaign. This marks the third year the company has participated …
Modular Builder Vanderbuilt Raises Funds for Toys for Tots Read More
The staff and families of Manufactured HomeMSM/MHProNews wish you and yours a very Merry Christmas and Joyful Holiday Season. (Image credit: phinesandferb.com–wikipedia)
As follow-up to a story MHProNews posted Dec. 18, 2013, metronews.ca in Canada reports Killam Properties, Inc. (TSX:KSM) of Halifax, Nova Scotia has increased its monthly dividend from $0.04833 cents per share to $0.05 per share. On an annual basis the increase works out to be from $0.58 to $0.60 …
The businessreport.com says new manufacturing facilities and plant expansion projects totaling upwards of $60 billion are planned through 2016 in the Baton Rouge area, requiring an uptick in housing demands. Al Bargas of Associated Builders and Contractors Pelican Chapter says, “The workforce is expected to increase by some 35,000 people, …
In observance of the Christmas holiday, all U. S. stock markets will be closed today, December 25.
In a shortened trading session on Christmas Eve, despite many traders away for the holiday, the Dow and the S&P managed to post new record highs, and the Nasdaq closed in positive territory as well. CNNMoney reports the Dow Jones Industrial Average gained 62.94 points, +0.39 percent, to close at …
The National Association of Home Builders (NAHB) reports sales of newly-built single-family homes fell 2.1 percent in November to a seasonally-adjusted annual rate (SAAR) of 464,000 units. According to data released by the U S. Census Bureau and the Department of Housing and Urban Development (HUD), this follows an upwardly …
Northstar Realty Finance Corp (NYSE:NRF) has announced the closing of $345 million of an approximately $400 million manufactured housing (MH) portfolio comprised of 16 manufactured housing communities (MHCs). Located primarily in Colorado and Texas, this purchase adds 5,900 homesites to the company’s stable. As einnews.com informs MHProNews.com, this REIT’s (real …
Northstar Realty Acquires Manufactured Housing Portfolio Read More
