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.
The latest Zillow Home Price Expectations Survey reveals home values have been rising quickly this year and will end at 6.7 percent over 2012. The next five years will see that rise cool off, falling to 4.3 percent appreciation in 2014 and 3.4 percent by 2018. Zillow Chief Economist Dr. […]
Home Values to Level off in Five Years Read More
A report from government-service enterprise (GSE) Freddie Mac indicates of all the borrowers refinancing Freddie loans in Q3 2013, 37 percent chose shorter loan terms, a five percent increase from the previous quarter and the highest level recorded since 1992. According to housingwire, 32 percent of HARP (Home Affordable Refinancing
Freddie Mac Borrowers Choose Quicker Pay-Off Read More
Stock analyst seekingalpha.com says the two sources of revenue for component supplier Drew Industries are manufactured homes (MH) and recreational vehicles (RV), and suggests the company move away from the MH industry because it does not offer future growth. Noting half of the RV revenue derives from sales of chassis
Drew should Diversify away from Manufactured Homes Components Read More
In its Mortgage Credit Availability Index, the Mortgage Bankers Association (MBA) reports the index edged up 0.7 percent to a score of 111.5 in October after declining in Aug. and Sept., suggesting mortgage credit may be loosening. Ellie Mae’s president and chief operating officer, Jonathan Corr, says, “ We have
Mortgage Credit becoming more Available? Read More
While all three indexes fell throughout most of the day, all three are up over 20 percent on the year, thanks to the bond-buying program of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average dropped -32.49 points, -0.21 percent, to finish the day at 15,750.67. While the Nasdaq
Tracked Housing Stocks Close Mixed; Three Major Indexes Down or Flat Read More
New York City-based Resolution: 4 Architecture has built over 60 custom modular homes, saying, “Rather than invent a new manufacturing process, our research focused on existing commercial methods of residential prefabrication.” Their only boundaries being the laws governing transfer of the modules along state roads and the abilities of the
Modular Home Survived Sandy Read More
Rafferty Capital’s Dick Bove says the Dodd-Frank Act, which went into effect in 2010, was intended to pave the way for lower income borrowers to obtain mortgages, but large banks are being shut out of that market, once again leaving those of modest means fewer options for borrowing money. He
Dick Bove: Dodd-Frank Shutting out Low Income Borrowers Read More
Paul Ashworth, an economist with Capital Economics, noting real incomes for Americans have been stagnant since the 1970s, says the younger generation cannot afford big ticket items like buying a home. As MHProNews knows, many millennials are living with their parents because they cannot find jobs that can support a
Offshoring Jobs Dropped Real Income, Housing Sales Read More
While supporting housing finance system reform, the National Association of Home Builders (NAHB) reiterates that reform must include 30-year, fixed-rate mortgages as well as mortgage financing for multifamily housing. “There are serious doubts on whether a private housing finance system would be capable of supporting this type of product without
National Association of Home Builders to Congress: Retain 30-Year Mortgage Read More
Although traditional property types such as multifamily, office, industrial and retail continue to dominate the majority of collateral in commercial mortgage-backed security (CMBS), non-traditional properties are increasing. Specifically, as businesswire.com informs MHProNews, manufactured housing communities (MHC) are making up a larger part of the deals. Although this asset class accounted
Manufactured Housing Communities Grow in Mortgage-Backed Security Deals Read More
Despite relatively sluggish and cautious behavior by investors, the Dow hit another all time high, rising +0.14%, +21.32 points to end the day of trading at 15,783.10. CNNMoney reports the Nasdaq nudged up +0.01 percent, +0.56 points, to end the day at 3,919.79 while the S&P edged up points, +0.07
Tracked Housing Stocks mostly Fall; Dow Hits another New High Read More
MHProNews has learned from multihousingnews in an interview at the Urban Land Institute Nov. 7 of Sam Zell, founder of Equity Group Investments and Equity International, by one-time Zell executive and now Green Courte Partners LLC Chairman Randy Rowe, Zell had some pithy insights. He said it’s ok to make
Words of Wisdom from Chairman Sam (Zell) Read More
In its third quarter financials, UMH Properties announces it has increased its portfolio of homesites by 26 percent since the beginning of the year. For the quarter ending Sept. 30, 2013 funds from operations (FFO) attributable to common shareholders of $1,993,000 or $.10 per diluted share as compared to Q3
UMH Releases Third Quarter Financials Read More
Topix, Bring on the Bulls, LinkedIn and Silobreaker were among the sites that joined popular WND in sharing coverage on the exclusive MHProNews report on Sam Zell, “Our Way of Life is Very Much Threatened.” Alexa, an online website rating service, ranks WND as one of the top 10,000 websites
Sam Zell article on MHProNews draws WND, Media attention Read More
Noting that it is reasonable for consumers to pause during an economic bubble, Moody’s Investor Services says as mortgage rates and home prices stabilize, home buyers will return to the market to begin satisfying long pent-up demand. Traditionally, as HousingWire reports, homebuilding depends upon new household formation. But because real
Housing Recovery Strong due to Pent-Up Demand Read More
A project to bring more affordable housing to Spencer, Iowa is in the works at the Sioux River Estates manufactured housing community, according to spencerdailyreporter.com. Dave Jacobsen of Jacobsen Homes Corp. says the plan is to replace the aging factory-built homes with either manufactured or modular homes in the spring.
Manufactured Homes May Replace Aging Factory-builts Read More
The Juneau, Alaska Affordable Housing Commission is set to petition the Juneau City Assembly for low interest loans for down payments on manufactured homes, according to juneauempire.com. The program would allow for multiple loans up to a maximum of $100,000 loaned at any one time. MHProNews has learned if the
Low Interest Manufactured Home Loans in Alaska Read More
A good monthly jobs report from Washington spurred all three indexes to rise above one percent each as the week drew to a close. CNNMoney reports the Dow Jones Industrial Average gained +167.8 points, +1.08 percent, to close at 15,761.78. The Nasdaq gained +1.60 percent, +61.90 points, to end the
Liberty Homes Goes Skyward, as all Three Indexes Advance over One Percent Read More
Current sales, prospective buyer traffic and anticipated six-month sales for the 55+ housing market showed continued improvement in the third quarter of 2013 compared to the same period last year, according to the National Association of Home Builders (NAHB) Housing Market Index (HMI). The single-family index rose 14 points to
Senior Housing Market Gains Strength Read More
Following up on a story MHProNews posted Oct. 31 regarding the acquisition of Spruces Mobile Home Park by the city of Williamstown, Massachusetts and returning it to a natural state because it is in a flood plain, the Board of Selectmen will discuss the drafts of three warrant articles dealing
City Prepares to Acquire Manufactured Housing Community Read More
