At the recently held Data, Demand and Demographics: A Symposium on Housing Finance in Washington, D.C., CoreLogic Chief Economist Frank Nothaft shared a strong statement with housing insiders in attendance. If you’re waiting for any dramatic shifts in housing, interest rates, or anything like them, you’re likely to be left […]
Housing’s New Normal: Low Interest Rates, Shifting Demand – MH Opportunity? Read More
The week in review included hot topics like: Cavco’s Joe Stegmayer, Directors Insider Trades Media Bias in “Man Shot in Trailer Park” ABC report MHC Rent Control battle (Resident Councilman story) Video Tour of FEMA MHUs Controversy over proposed DOE energy rules, will it help or harm manufactured housing? NAHB’s
Sunday Morning Recap-Manufactured Housing Industry News Aug. 28-Sept. 4, 2016 Read More
Even though years may have gone by since they last owned a home, losing a home to foreclosure has turned many people off to the whole process of buying a home. Dan Sullivan, a foreclosure prevention specialist in Pittsburgh, said he has seen people who have worked for five or
Foreclosure Continues to Haunt One-time Homeowners Read More
While the spotlight has been on the Millennials in recent years as the housing market tries to lure them out of their parents’ basements, the National Association of Home Builders (NAHB) and American Community Survey has revealed more than 48 million households in the U. S. are headed by someone
Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030 Read More
Overall U. S. home starts fell 11.1 percent in May after notching the largest monthly gain in 24 years in April, according to usnews. While May’s figures were 5.4 percent above a year ago, the rate at which homebuilders began new homes in May was 1.036 million, a drop from
While Home Starts Fall, Housing Permits Rise in May Read More
The Wall Street Journal (WSJ) and HousingWire are among the media sources telling MHProNews that Fannie Mae and Freddie Mac will ease requirements on a variety of mortgage loans. The move is not thought to impact personal property (home only) manufactured home (MH) lending, but would apply to those MH loans
Relaxed lending standards to go into effect December 1, 2014 Read More
Many factors in the broader housing market directly or indirectly impact manufactured and modular housing, pointing to challenges as well as opportunities. Builderonline (BO) says that 2015 could be a turn around year, an “inflection point” for more first time buyers entering the home buying market. BO cited the National
2015 could be year first time buyers return to housing market Read More
The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source
California Home Prices Rising above Affordability for Hispanics Read More
A plan to replace Fannie Mae and Freddie Mac with a Market Access Fund (MAF) has been proposed by two U. S. senators as well as by several analytic firms and think tanks. Senators Bob Corker (R-Tenn.) and Mark Warner (D-Vir.) say their reform bill would create the MAF from
Proposal would Replace Government-Sponsored Enterprises Fannie and Freddie Read More
RegisteredRep says, according to recent data from the Joint Center for Housing Studies at Harvard University, 80 percent of Americans over 65 are homeowners, and the Census Bureau notes 65 percent are mortgage free. At the same time, The Urban Institute has determined that 40 percent of those born 1956
Retirement Crisis Looming? Read More
