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.
As nationalmortgagenews.com informs MHProNews, 84 of the largest 300 housing markets have regained 100 percent of home values since the housing bubble, accounting for nearly 30 percent of tracked markets. Only nineteen markets had a decline in home values, while the remaining markets showed a rise of 50 basis points. […]
Housing Market Recovery Spreads Read More
The Dow Jones Industrial Average ended the year at an all-time high for the 52nd time, while the S&P also finished the year in record territory. The Nasdaq settled at its highest level since 2000, as Wall Street overall had a banner year. CNNMoney reports the Dow moved up +72.37
Wall Street Celebrates Banner Year as Dow, Nasdaq and S&P Gain over 25 Percent Read More
Americans’ views of current economic conditions climbed higher than expected in December, gaining 6.1 points from the previous month to 78, hitting the highest consumer confidence level since April 2008, according to what Bloomberg reported on the Conference Board index. As unemployment falls and household finance rise, people become more
Consumer Confidence Hits High Mark in December Read More
Led by resident Brooke Mathers of Lazy Wheels Mobile Home Park in Bothell, Washington, over 90 residents of manufactured housing communities (MHCs) from around the state met with dispute resolution personnel from the Washington attorney general’s office, local officials, representatives of manufactured homeowners organizations and Linda Garcia, co-owner of Lazy
Manufactured Home Community Residents Air Complaints Read More
According to vancouversun.com, modular housing and container housing will continue to expand in Vancouver in 2014, but will be joined by other innovative styles including duplexes, coach houses and stacked housing. Row houses offer the individuality of being distinct from a condo, but as a high-density form, fit well in
Modular Housing Continues in Vancouver Read More
While converting shipping containers to homes has gained popularity in some circles, MEKA designs modular homes based on container-sized dimensions for ease of shipping, but without the hassle of cutting corrugated steel for doors, windows, plumbing, etc., according to treehugger.com. With a steel frame for support, MEKA builds modules from
MEKA’s Modular Housing Based on Container Dimensions Read More
CNNMoney has selected several cities where the housing market looks brighter than in other cities for the coming year. Oklahoma City has an unemployment rate of just 5.3 percent as of Nov., 2013, and home values have declined a mere one percent since 2009. Trulia reports 75 percent of homes
Five U. S. Cities with Expected Top Housing Market Growth Read More
Stocks were little changed in today’s trading, although the Dow posted its 51st record close of 2013, as all three major indexes celebrated dramatic gains for the year. CNNMoney reports the Dow Jones Industrial Average edged up +25.88 points, +0.16 percent, to close at 16,504.29. The Nasdaq lost -0.06 percent,
Dow Posts another New High; Sun Communities Nudges above the Tracked Stocks Horizon Read More
While a Bloomberg survey of economists predicted a one percent increase in pending home sales for November, the National Association of Realtors (NAR) reports the gain was 0.2 percent, the first in six months following a 1.2 percent drop in October. According to nationalmortgagenews, higher borrowing costs, tight lending standards
Pending Home Sales Inch Up Read More
As national elections loom in New Zealand, boosting the country’s housing stock is becoming a major battleground issue, according to stuff.co.nz. While both major parties agree more affordable housing is needed, their solutions differ. The Labour party’s approach is the government funding of 100,000 homes over the next ten years,
Modular Housing at Issue in New Zealand Elections Read More
Architect Christian Salvati is converting 16 shipping containers into six modular apartment units in New Haven, Connecticut, mounted on nine-foot pilings which allows for parking underneath. According to what Salvati tells nhregister.com, this will be the largest apartment building in the U. S. constructed of Cor-Ten steel. While the use
Modular Dwellings Constructed from Shipping Containers Read More
With the extension of long-term benefits for the unemployed still in abeyance in Congress, the California Employment Development Department (EDD) has notified 220,000 recipients of long-term benefits that their aid will end in two weeks. This prompted Keep Your Home California to remind homeowners under the Unemployment Mortgage Assistance Program
California Offers Assistance Paying Mortgages to Long-Term Unemployed Read More
According to the Philadelphia Federal Reserve, new residential building permits rose significantly from November 2012 to November 2013 in Delaware, New Jersey and Pennsylvania. Compared to the same month period in 2012, the growth in all three states was in double digits, as housingwire.com tells MHProNews. While permits were 21
Residential Building Permits Rise in DE, NJ and PA Read More
Following a story MHProNews posted Dec. 10, 2013 regarding an increased sales tax that will be imposed on manufactured and modular homes sold in North Carolina, charlotteobserver.com reports the tax is being raised to 4.75 percent Jan. 1. The industry is slowly recovering from a slowdown exacerbated by the Great
Sales Tax on Manufactured Homes Rises in North Carolina Read More
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
Housing Market Forecasts for 2014 Read More
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
Modular Homes Hitting Millions in Australia Read More
