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 appetite among lenders and investors for commercial and multifamily mortgages grew during the fourth quarter,” said Jamie Woodwell, Mortgage Bankers Association’s (MBA) vice president of commercial real estate research. “The fourth quarter saw the largest increase in commercial and multifamily mortgage debt outstanding since 2008.” HousingWire informs MHProNews outstanding […]
Multifamily and Commercial Mortgages Increase Read More
CNNMoney tells MHProNews according to RealtyTrac 4.8 million borrowers have lost their homes to foreclosure since the housing bubble, and another 2.2 million let go of their homes in short sales. But many of them are coming back, and they are searching for a new place to live. Veterans Administration
Returning from Default Read More
According to originationnews, economists at Wells Fargo Securities have suggested that institutional investors account for 20 percent of existing home sales, but as the inventory of preferable distressed properties declines, investors may pull back from the market. Traditional homebuyers who need mortgages are not returning to the market in numbers
Wells Fargo: Caution; B of A: Full Steam Ahead Read More
Investors were spurred on by positive economic data and talk that a budget compromise will be reached before the March 27 deadline, leading the Dow to a fifth straight record day as all three indexes rose. CNNMoney reports the Dow Jones Industrial Average moved up +0.35 percent, +50.22 points, to
Dow Climbs Fifth Day; Housing Stocks Close Mixed Read More
WoodworkingNetwork informs MHProNews that Universal Forest Products, Inc. (NASDAQ:UFPI) has developed a “fiberized thermoplastic-mineral composite that replicates the fibrous structure of wood.” It’s durability, strength, stability, aesthetic, and workability are equal to or better than wood, and improves upon the strength of wood-plastic composites. Eovations, as it is called, can
New Composite Outperforms Wood, other Composites Read More
According to theaustralian, the Twynam Group of Sydney, Australia has acquired modular home manufacturer Quicksmart Homes and intends to produce 2,000 new homes per year in the next five years. Part of Kahlbetzer Investments, which has extensive agricultural and livestock holdings across Australia, as MHProNews has discovered, Twynam’s real estate
Kahlbetzer Adds Modular to Holdings Read More
U.S. employers added 236,000 jobs in February, including 48,000 construction jobs, reflecting the upswing in the housing market. As MHProNews has learned from CNNMoney, the unemployment rate dropped to 7.7 percent, its lowest level since 2008. In the last five months builders have added 151,000 construction jobs, the highest number
Construction Jobs Adding Up Read More
OregonLive informs MHProNews Method Homes and Skylab Architecture have partnered on the modular HOMB House, a series of 100 square foot triangular modules that fit together like a honeycomb. With four bedrooms, three-and-a-half baths, the house in Portland, OR has 2,700 square plus an excavated basement of 1,200 square feet.
Triangular Modules Create Sharp-angled Modern House Read More
MHProNews has learned from beachcarolina the Onslow County Manufactured Home Demolition Assistance Program (MHDAP) offers financial assistance in the demolition of abandoned manufactured homes. Funded by a combination of Onslow County and applicant contributions in cases where a home needs to be removed because it poses a public health hazard,
Program Demolishes Abandoned MH Read More
A better than anticipated jobs report and drop in the unemployment rate pushed the Dow to another new high. All three major indexes are now up between seven and nine percent on the year, and two percent this week. CNNMoney reports the Dow Jones Industrial Average moved up +0.47 percent,
Dow Sets another Record; Skyline Flying High Read More
The brenhambanner from Brenham, Texas. reports a variance that would have allowed the construction of a 106-site manufactured housing community has been voted down by the Brenham City Council. As MHProNews has learned, Adolph Wehmeyer had requested the variance. Brenham is just northwest of Houston. (Image credit: Wikipedia)
MHProNews has learned from the National Modular Housing Council (NMHC) shipments for Q4 2012 rose 4.3 percent from Q4 2011 to 3,206 homes. Compared to the fourth quarter of 2011, state shipment totals show 11 states had increases of shipments, 12 states indicated a decline, and 11 states experienced insignificant
Modular Shipments Rise Read More
MHProNews has learned that the latest totals for manufactured home community professionals as well as builder/developers registered for the 2013 Tunica Show has more than doubled over last year at this time. Manufactured Home Retailer registrations are up some 22.5% over the same time in 2012. In a statement, show
MH Community, Retailers and Builder/Developers Swell Read More
According to capegazette.villagesoup, Delaware State Representative Ruth Briggs King, whose race we covered last Nov. 2, 2012, represents District 37, which consists of 25 percent manufactured home residents. In response to a letter to the editor in the capegazette, Rep. King writes of the legislation she intends to introduce that
Legislator Outlines MHC Agenda Read More
The American Banker informs MHProNews the Federal Housing Administration (FHA) is issuing its own QM rule because the Consumer Financial Protection Bureau (CFPB)’s may conflict with the FHA’s Single-Family Program. HUD spokesman Brian Sullivan states FHA has the authority under Dodd-Frank to create its own ability-to-repay rule, and will be
FHA Prepares Own QM Ticket Read More
As washingtonpost informs MHProNews, while Fannie Mae and Freddie Mac have been vilified for allegedly causing the financial meltdown, for being bailed out by the government to the tune of $131 billion, and for taking business from private firms, neither the Democrats nor the Republicans are actively doing much to
Overhaul Fannie and Freddie? Why? Read More
MyDesert reports from Palm Springs, Calif. the Desert Living Home Show is anticipating record crowds as the economy improves and home values rise, which will hopefully have homeowners thinking about home improvement. The event is expected to attract 5,000 attendees who will be eyeing barbecue islands, kitchen appliances, and cabinetry,
Modular Dwelling will be Featured at Home Show Read More
The lower-than-expected first-time unemployment claims and (anticipated) better-than-expected job growth for Feb. pushed the Dow to another new record today, as all three indexes advanced. CNNMoney reports the Dow Jones Industrial Average moved up +0.23 percent, +33.25 points, to close at another record high of 14,329.49. The Nasdaq gained +0.30
Dow Climbs Higher; Tracked Housing Stocks Fairly Static Read More
MarketWatch tells MHProNews NeighborWorks America, a non-profit which bills itself as the foremost trainer of affordable housing professionals, says research shows that homebuyers who receive pre-purchase counseling from them are almost one-third less apt to get behind in their mortgage 90 days or more within the first two years of
Pre-purchase Counseling Leads to Fewer Foreclosures Read More
Updating a story MHProNews posted Jan. 14, 2013 about residents of Killam Properties, Inc.’s Mountain View Estates MHC at Lake Echo, Nova Scotia, Canada having to boil their water (or buy it bottled) for 14 months, it is now safe to drink for the 300 families who live there. One
Water is Clear, Legalities could get Muddy Read More
