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.
In response to Harvard University’s Joint Study on Housing documenting the shortage of affordable rental housing in the U. S., as MHProNews covered earlier, Chairman of the National Association of Home Builders (NAHB) Rick Judson issued a statement emphasizing the importance of the Low Income Housing Tax Credit (LIHTC) in […]
NAHB Supports Harvard’s Affordable Rental Initiatives Read More
MHProNews has learned from blueridgenow.com as of Jan. 1, 2014 that the North Carolina sales tax on manufactured homes will increase from two percent to the general rate of 4.75 percent, and on modular homes from 2.5 percent to 4.75 percent. Neil Carter, owner of Carter’s Homes in Fletcher says
New Sales Tax will Raise the Price of Manufactured, Modular Homes Read More
Following up on a post MHProNews last published May 7, 2013 regarding Wheel Estates Mobile Home Park in North Adams, Massachusetts becoming cooperatively-owned, the Rec Hall that serves the residents has undergone a complete transformation, with new ceilings and floors, new paint on the walls, and refurbished front and back
Residents Taking Care of Business at New Community Cooperative Read More
The better-than-expected jobs report on Friday and the merger of American Airlines with US Airways continues to buoy the market, as all three major indexes edged up in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained 5.52 points, +0.03 percent, to close at 16,025.53. The Nasdaq advanced +0.15
Three Major Indexes Edge Up; Tracked Housing Stocks Mixed Read More
Based on a nationwide sampling of 100,000 addresses earlier this year, the U. S. Census Bureau has determined that 66 percent of households in 2013 were family households, down from 81 percent in 1970. As mortgagedailynews.com tells MHProNews, the number of single-person households rose to 27 percent in 2013 from
Household Formation Falling; Mortgage Positions Dwindle Read More
MHProNews has learned overall sales of homes in the Coeur d’Alene Multiple Listing Service (MLS) are up 33 percent over 2012, although some rural areas are showing increases of 70 to 75 percent. The sales of newly-built homes doubled year-over-year, while foreclosures and short sales made up half of total
Home Sales up 33% in Coeur d’Alene Read More
The Board of Supervisors of Lakeport, California will hold a public hearing regarding Caritas Affordable Housing Inc.’s acquisition of Sterling Shore Estates Manufactured Housing Community. According to what lakeconews.com tells MHProNews, the board will also consider a joint exercise of powers agreement between the county and the California Municipal Finance
Supervisors to Consider Acquisition of Land Lease Community Read More
Over 150 residents representing 30 manufactured home communities (MHCs) attended an informational seminar in Pismo Beach, California hosted by Golden State Manufactured Home-owners League (GSMOL), San Luis Obispo Mobilehome Residents Assistance Panel and North Santa Barbara County Manufactured-Homeowners Team. David Loop discussed the steps involved in attaining community ownership status,
Speakers Address Rights of Manufactured Home Community Residents Read More
Custom modular home builder Excel Homes, a subsidiary of Innovative Business Solutions of Wexford, Pennsylvania, has purchased Keiser Homes of Oxford, Maine to accommodate growing demand in the Northeast. Excel employs over 800; Keiser has about 100 employees. According to mainebiz.biz, Excel has built more than 28,000 homes since its
Excel Homes Acquires Keiser of Maine Read More
The number of people looking to buy a home in November dropped seven percent from October, but it was less than the 11 percent drop for the same period last year, according to what Redfin tells nationalmortgagenews. Meanwhile, eleven percent fewer people signed offers in Nov. over Oct., but an
Potential Home Buyers Shift Attention to Holiday Shopping Read More
The better-than-expected November jobs report spurred the Dow to gain nearly 200 points following a week of losses, even though it may mean tapering of the Federal Reserve’s stimulus activity. CNNMoney reports the Dow Jones Industrial Average gained 198.69 points, +1.26 percent, to close at 16,020.20. The Nasdaq advanced +0.73
Jobs Report Spurs Major Indexes and Tracked Housing Stocks Read More
MHProNews has learned from cpexecutive.com Bethesda, Maryland-based Beech Street Capital has refinanced eight manufactured housing communities for $158 million through Fannie Mae. Chad Thomas Hagwood of Beech St. says, “The refinance has enabled Beech Street to provide affordable housing in relatively high-cost markets.” The seven-year, fixed-rate loans have a 10-year
Beech St. Capital Refinances Manufactured Home Communities Read More
A proposal by the Austalian Tax Service to apply the ten percent Goods and Services Tax (GST) to manufactured home communities (MHCs) has residents of the communities up in arms, MHProNews has been informed. A ten percent increase at Sunstrip MHC in Blacksmiths would result in a $1000 a year
Aussie Proposal would Hit Manufactured Home Communities Hard Read More
The National Modular Housing Council (NMHC) reports 3,840 new modular homes were shipped in the third quarter of 2013, an increase of 0.8 percent from the same quarter in 2012. Compared to Q3 2012, 16 states showed increases in shipments for Q3 2013, 17 experienced decreases and one state had
Modular Home Shipments up a Fraction Read More
Clayton Homes participated in the Tennessee Valley Authority’s (TVA’s) ENERGY STAR Manufactured Homes pilot program, conceived to encourage more production of energy efficient homes by the manufactured housing industry and to motivate consumers to upgrade to ENERGY STAR qualification. The pilot program was awarded honorable mention by the American Council
Award-winning ENERGY STAR Program Includes Clayton Homes Read More
The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), which recently replace NAHB’s improving market index (IMI), indicates markets in 54 of the 350 major metro markets returned to or exceeded their last normal levels of economic activity. Based on current permits, prices and employment data, LMI
Housing Markets Slowly Improving Read More
On the heels of ADP’s report that private companies added 215,000 jobs in November, the 30-year, fixed-rate loan, the most popular product for homebuyers, rose to 4.46% from 4.29% last week, according to CNNMoney. The average for a 15-year fixed-rate mortgage (FRM), often used for refinancing higher interest mortgages, rose
Job Growth Spurs Mortgage Rates Read More
The stock market fell for the fifth consecutive day as investors express concerns about the Federal Reserve paring down its bond-buying program despite good economic news. CNNMoney reports the Dow Jones Industrial Average lost 68.26 points, -0.43 percent, to close at 15,821.51. The Nasdaq fell -0.12 percent, -4.83 points, to
Tracked Housing Stocks Close Mixed; Three Major Indexes Slide Read More
The Consumer Financial Protection Bureau’s (CFPB) new consumer disclosure forms, called “Know Before You Owe,” that will take effect Aug. 1, 2015, is designed to give the borrower more control over the mortgage loan process as well as add transparency to the transaction. Paul Trepeta of the National Association of
New Final Rule Exempts Manufactured Homes Read More
The SMART2 (Superfast Modular Affordable Robust Transportable) buildings by JAYZ Building Solutions of Melbourne, Australia were created to support affordable housing development, either as a permanent home, an addition to an existing structure or for workforce development sites requiring temporary housing. The Butterfly model can be folded out and installed
Quick Assembly Modular from Australia Read More
