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 its July analysis of housing data for 16 markets, realtormag reports housing inventories, including single-family, townhomes, condos, and co-ops are 19 percent below a year ago as for sale homes remain at record lows. “Low inventories, combined with rising list prices and lower times on market, are positive signs […]
For-sale Home Inventory Falls Read More
Azstarnet says mortgage analytics firm Digital Risk, noting credit scores such as FICO failed to anticipate many strategic defaulters during the mortgage bust years, has developed a 123 point statistical cluster of borrower, market conditions, and property data which will more accurately predict how an applicant may react to financial
Replace Credit Scores with different System? Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews of its concerns relevant to accessibility guidelines for emergency transportable housing (ETH) as published by the U.S. Architectural and Transportation Compliance Board (Access Board). While it has no objections to the proposed guidelines, it agrees with the Access Board’s decision
MHARR Comments on Accessibility Guidelines Read More
Noting Europe is on vacation most of August, CNNMoney reports U. S. stocks ended a quiet week with a quiet day as the Dow Jones Industrial Average gained 25.09 points, +0.19 percent, to close at 13,275.20. The Nasdaq gained +0.46 percent to 3,076.59, while the S&P moved up +0.19% to
Patrick, LPX, UFPI, and UMH Post Strong Gains Read More
HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any
Consumer Confidence Nudges Up Read More
nationalmortgagenews reports Peter Carroll, assistant mortgage manager at the Consumer Financial Protection Bureau (CFPB) says the proposed loan officer compensation rule will be significantly different from the original set of guidelines issued in early May when the CFPB first raised the concept of flat fee payments for certain transactions, a
Loan Origination Comp. May be Revealed Tomorrow Read More
smmirror tells MHProNews from Santa Monica, California the state has dissolved all redevelopment agencies because of the shortage of state funds, effectively pulling the plug on many capital improvement projects (CIP) that had been planned statewide. However, certain projects already agreed to before the cutoff date will go forward, including
Despite State Budget Woes, MH Development Continues Read More
In a recent paper from the Joint Center for Housing Studies at Harvard University which examines the association between views on homeownership and the recent downturn in the housing market, MHProNews has learned evidence suggesting respondents’ preferences for owning versus renting have not changed, except among borrowers who have underwater
Study Confirms Draw of Homeownership Read More
The National Association of Home Builders (NAHB) tells MHProNews while housing starts fell 1.1 percent in July to a seasonally annual adjusted rate (SAAR) of 746,000 units, according to the Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, new building permits permits rose 6.8 percent in
Housing Starts Edge Down, while Permits Rise Read More
WLTZ-TV reports from Montgomery, Alabama Gov. Robert Bentley has appointed State Rep. Elwyn Thomas as Executive Director of the Alabama Manufactured Housing Commission (AMHC) effective Sept. 1, 2012. As the state’s regulatory agency, the AMHC enforces installation program standards and focuses on industry compliance, consumer protection, and assists communities with
New Director for Alabama Manufactured Housing Commission Read More
northescambia tells MHProNews approximately 25 percent of the dwellings in Century, Florida are manufactured homes and the town is considering methods to regulate their placement and condition. Of the 203 units in this town, located in the panhandle very near the Alabama line, sixty percent are pre-1995 and only 25
Small Town Considering MH Standards Read More
CNNMoney reports U. S. stocks moved up today, fueled in part by news that Cisco Systems posted a larger quarterly profit than expected, as the Dow Jones Industrial Average gained 85.33 points, +0.65 percent, to close at 13,250.11. The Nasdaq gained +1.04 percent to 3,062.39, while the S&P moved up
Skyline Corp. Rises over 5%, Beats Indexes Read More
The Truth in Lending Act (TILA) was set up to promote informed use of consumer credit and increase transparency by requiring disclosures about its costs and terms. A joint group of federal agencies that oversee truth-in-lending concerns, including the Consumer Financial Protection Bureau (CFPB), are proposing to amend Regulation Z,
MH Excluded from Definition of Higher-Risk Mortgage Loans Read More
RealtorMag ticks off four strong reasons for buying a home now, as John Waggoner writes in USA Today. The median single-family home price fell to $154,600 in January, the lowest price since Oct. 2001, a full third below the $230,900 number at the height of the housing market in July
Inflation will be Higher than Current Interest Rate Read More
The National Association of Home Builders tells MHProNews the NAHB/Wells Fargo Housing Market Index (HMI) reports builder confidence for new, single-family homes rose for the fourth straight month in August to its highest level since Feb. 2007. All three components that comprise the HMI—current sales conditions, sales prospects for the
Index Looking up for Builders Read More
OriginationNews‘ Paul Muolo says the Consumer Financial Protection Bureau’s (CFPB) proposed unveiling of its final loan officer compensation rule set for early August has yet to be issued. While the mortgage industry anxiously awaits, some loan officers are suggesting the result might be better the longer the agency waits, hopefully
Loan Officer Comp. Still in the Wings Read More
Consumer prices held steady in July, according to the Bureau of Statistics, and inflation remains low, both good signs for the economy, as investors sifted through economic data and continue to hope for stimulus from the Federal Reserve, according to CNNMoney. Meanwhile, U. S. stocks moved little, as the Dow
Tracked Housing Stocks Move Little, except Nobility’s Drop Read More
Stockhouse tells MHProNews T.J.T., Inc. of Emmett, Idaho reports a net loss of $194,000 for its third quarter of fiscal year 2012 versus a net loss for the same period last year of $346,000. Net sales fell from $1,457,000 for the quarter ending June 30, 2011 to $880,000 for the
T.J.T. Reports Q3 2012 Loss Read More
As follow-up to a story we posted Aug. 7, 2012 about the Clawson Mobile Home Park in Boone, North Carolina closing Oct. 4, 2012 and being sold to developers who will erect student housing, the WataugaDemocrat says the Boone Planning Commission voted in favor of the rezoning request. Developer of
MHC will close Regardless of Development Read More
WorldPropertyChannel tells MHProNews.com that the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) indicates strengthening house prices means slightly lower housing affordability in the second quarter of 2012. The HOI data revealed that 73.8 percent of all new and existing homes sold in the second quarter were affordable
Housing Affordability Index Declines as U.S. Home Prices Uptick in Q2 Read More
