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.
Positive economic indicators during the week, including signs that the economy grew faster than originally reported and that the housing market is improving, put the damper on investors hoping Ben Bernanke will offer more stimulus in his speech tomorrow, driving the three major indexes down. CNNMoney reports the Dow Jones […]
All but One Tracked Housing Stocks Lose Read More
Ronnie Richards of American Homestar Corp. tells MHProNews a report by HousingWire reveals while mortgage rates have hit record lows since the beginning of the year, the effective interest rate has not changed because the Federal Housing Administration (FHA) raised its insurance premiums due to its troubled emergency insurance fund,
Rising FHA Insurance Raises Effective Interest Rate Read More
Gizmag tells MHProNews the Mini House from Sweden is a prefabricated modular home that arrives flat-packed and can be assembled in two days. Creator Jonas Wagell says all the modules can be recycled or combusted except the sliding glass door that opens on to the terrace, which gives a larger
Modular Mini House Assembles Quickly Read More
Stockhouse tells MHProNews the Canada Mortgage and Housing Corporation (CMHC) says the outlook for average rental apartment vacancies is not expect to change from the second quarter forecast of 2.2% for this year and 2.1% for 2012. Regionally for 2013 the lowest vacancy rates are forecast for Vancouver at 0.9%,
Energy Development Driving Growth in Canada Read More
In research that covers 75 percent of all residential mortgage applications, the Mortgage Bankers Association (MBA) reported applications fell 4.3 percent for the week ending Aug. 24. Meanwhile, nationalmortgagenews tells MHProNews refinancings accounted for 79 percent of all applications, as compared to 80 percent the previous week and 81 percent
Residential Mortgage Apps Drop Read More
HousingWire says, according to the Federal Reserve Bank of New York, household indebtedness fell $53 billion from Q1 to the second quarter of 2012 to $11.38 trillion, $1.3 trillion below household debt from the third quarter of 2008. Delinquency rate for mortgages in the second quarter was at 6.9 percent,
Foreclosure Notations, Mortgage Debt both Drop Read More
CNNmoney says in a complaint filed last month, the Los Angeles city attorney’s office accused U.S. Bank of contributing to crime, blighting neighborhoods, and harming property values by failing to maintain 170 foreclosed properties. With 3,000 branches in 25 states, the nation’s fifth largest bank is being called the largest
Ignored Foreclosed Homes: Who’s Responsible? Read More
Housing sales and prices are showing modest gains, according to RealtorMag, with economists saying the housing market will likely add to economic growth this year for the first time in seven years. July home sales rose to over ten percent better than July 2011, and prices increased 9.4 percent July
Housing (Finally) Adding to Economic Growth Read More
The three major indexes moved up slightly today on the heels of the Federal Reserve’s report that regional economic activity improved, and another report showed pending home sales had reached their best level in two years. CNNMoney reports the Dow Jones Industrial Average gained +12.24 points, +0.09%, to end at
Patrick Ind. Gains Again; Indexes Improve Modestly Read More
Indiancountrytodaymedianewtwork reports the first large housing project in 40 years on the San Felipe Pueblo tribal land in Sandoval County, New Mexico has just witnessed 28 families move in to the 28 new modular homes, part of a planned 150 unit project which includes multi-family housing for elderly members of
HUD Backs Modular Housing on Tribal Land Read More
times-standard reports from the northern coast of California Sandpiper Mobile Home Park is in its final stages of rebuilding after being purchased in 2006 by nonprofit Resident Owned Parks (ROP), which will offer homes for low income people to buy in Arcata, CA with the eventual goal of residents owning
Community to become Co-op Read More
Using a 3D computer model to design every aspect of a house, Facit Homes brings its high-tech machine to a site where it fabricates a digitally designed dwelling on the spot to the homeowners exact specifications, down to the placement of every electrical outlet. Gizmag tells MHProNews utilizing a compact
House Designed, Built on Site Read More
Despite slow economic growth and stagnant unemployment figures, HousingWire says according to FNC’s residential price index (RPI), housing prices rose for the fourth straight month in June, up 1.1% from the previous month, in the 100 largest metropolitan areas. Based on new and existing homes, but excluding distressed sales, home
Housing Market Slowly Moving to Good News Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) notes the irony of the Department of Housing and Urban Development (HUD) prosecuting the operators of MHCs in Minnesota and Alabama for discriminating against minorities when in fact HUD routinely discriminates against potential manufactured home buyers by making it more difficult and
Better-than-expected housing market news and anticipation of the fed chairman’s remarks due Friday kept U.S. stocks in mixed limbo today, making small change in either direction, as the three major indexes moved 0.17% or less. CNNMoney reports the Dow Jones Industrial Average fell -21.68 points, -0.17%, to end at 13,102.99.
Patrick Ind. Gains, Three Major Indexes Barely Budge Read More
As follow-up to a story we published July 5, 2012 about four shipping containers converted into an energy efficient modular home with Energy Star appliances and other green technology features, neighborhood residents continue to be upset about the modern-look building fitting in with 1950’s style homes that dot the area
Cargo House Continues Creating Consternation Read More
Two of three residential real estate investment trusts (REITs) recommended as having a good yield by Marc Gerstein at seekingalpha are MHC owners. Noting the tight lending standards for potential homebuyers, the accompanying unpredictable job market, and the rise in the rental market, Gerstein says UMH Properties appeals to people
Two MHC REITs have Good Yields Read More
The abqjournal in New Mexico reports a proposal to make manufactured housing have a more southwestern style look may meet with opposition because of the increased cost to people living in the houses. As part of an initiative to improve the Airport Road area in south Santa Fe, Councilor Carmichael
Proposal would Require MH to have “Southwest Look” Read More
With refinancing volume representing 71% of total loan purchases, at $23.1 billion, Freddie Mac reported it purchased $32.5 billion in loans from mortgage lenders in July, down from $44.1 billion in June, a drop of 26%. originationnews tells MHProNews while Freddie said loan purchases increased in June by $8 billion
GSE Loan Purchases drop 26% Read More
evergeticcity reports the grand opening of Heritage Manor III in Fort St. John in northern British Columbia, Canada, an eight unit senior’s modular housing development valued at $1.8 million. The project is part of the Senior’s Rental Housing Initiative to develop 1,300 affordable housing units across the province with help
Modular Living for Seniors in Canada Read More
