According to nationalmortgagenews, Fiserv Case Shiller predicts by the end of the year home prices will be on the rise in every metro area in the U. S., and conditions point to a continuous recovery in the housing market through 2017. Fiserv says the data that shows price increases were …
MHProNews has learned from enterprisenews that Richard Sergi will step down as executive director of the Brockton Housing Authority (BHA) after 22 years in the post, as he battles cancer. The Massachusetts Chapter of the National Association of Housing & Redevelopment Officials awarded Sergi with their President’s Award in 2011. …
According to the National Association of Home Builders (NAHB), even as the housing market begins to improve, the bottleneck of tight credit for builders as well as for consumers remains an obstacle to a much more robust recovery. Some materials producers closed plants and idled workers, and they are reluctant …
Speaking at a webinar about the improving housing market, Raj Dosaj, vice-president of the behavioral library and home price index at LPS Applied Analytics, says home prices could rise 35 percent without being beyond affordability. Displaying a graph that showed the ratio of the average mortgage payment to median income …
Due to the low inventory of previously-owned homes, the National Association of Realtors (NAR) predicts existing home sales will reach five million this year, a 7.3 percent increase from last year, although total sales for the year will rise less than in 2012, as originationnews informs MHProNews. Tight inventories are …
OurMidland reports grants from two community development organizations have helped the United Athletes Foundation (UAF) launch their $100 million tax credit equity fund program to invest in low to moderate mixed-income residential rental properties throughout the nation, and encourage corporations to do the same. A 501 © (3), UAF is …
The Department of Housing and Urban Development’s (HUD) report to Congress Feb. 22, 2013, which focuses on housing problems faced by very low-income families, found in 2011 almost 8.5 million families either paid more than half their income in rent and/or lived in substandard housing. MHProNews has learned this is …
As virtual-strategy tells MHProNews, the Modular Building Institute (MBI) and the Pratt Institute School of Architecture will co-host an all-day modular construction summit in Brooklyn, NY on May 16, 2013 at the Institute. As interest in modular techniques continues to rise, the gathering will debunk the myths and present the …
MHProNews has been informed Gay A. Westbrook has been chosen to promote the Manufactured Housing Institute’s (MHI) legislative and political agenda as Vice-President of Political and Public Affairs. With over two decades experience developing policy initiatives, grassroots support, and fundraising, she will also coordinate efforts at the state association level …
Responding to an article in newschief concerning the push by manufactured housing community (MHC) residents in Fla. to limit rent hikes, the writer argues that homeowners should gain from the equity they put into their homes when they try to sell it. Currently, when a home changes hands the site …
As modularhomecoach tells MHProNews, in blasting the lack of positive PR for the modular housing industry, the blog says neither the National Association of Home Builders (NAHB) nor the Modular Building Systems Association (MBSA) cares if Baby is left in the corner, but like Johnny says in Dirty Dancing, “nobody …
The battlecreekenquirer reports a group of residents from the Triangle Mobile Home Park in Emmett Township, Mich., which has not had a valid license since new owners assumed control in 2010, took their complaints about the community’s conditions to a meeting of the Michigan Manufactured Housing Commission. However, because complaints …
The Manufactured Housing Institute (MHI) informs MHProNews Sen. Jerry Moran (R-Kan.) introduced legislation to replace the Consumer Financial Protection Bureau (CFPB) director with a five-member commission, and make it accountable to the same appropriations as most other federal agencies. House Financial Services Committee Chairman Jen Hensarling (R-TX) indicated that the …
Although it has won praise from bankers and housing advocates, New Jersey State Senator Ray Lesniak’s bill that would allow the state to buy foreclosed homes from institutional investors to use as affordable housing passed the legislature, but was vetoed by Gov. Chris Christie in last year’s session. Another bill …
American Banker informs MHProNews eight additional state attorneys general have requested to join a lawsuit originally filed by a Texas community bank and two conservative organizations challenging the constitutionality of the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB). The suit focuses on the Orderly Liquidation Authority in Title …
Following President Barack Obama’s State of the Union address, Rick Judson, chairman of the National Association of Home Builders (NAHB), issued the following statement: “Extremely tight mortgage credit conditions are hampering the housing recovery and hurting job growth. The nation’s home builders were very pleased to hear President Obama acknowledge …
The saugertiesx informs MHProNews from east central New York state the town of Saugerties has revised its comprehensive housing plan to exclude affordable housing, including manufactured housing. A public hearing in Nov. 2012 made it clear the town folk prefer single-family housing to rentals and subsidized housing. Initially, wording for …
The Ledger tells MHProNews residents of MHCs around Fla. are organizing to pressure the Florida Legislature into enacting legislation that would link rent hikes to the Consumer Price Index (CPI) in their communities when a home changes hands. Ed Green says the current system is a deterrent to people interested …
Fla. MHC Residents Organizing to Change Rent Hikes Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews state Senate Study Bill 1076 that tightens regulations on the MH business is opposed by the IMHA board of directors and the industry as a whole. Proposed by state Attorney General Tom Miller, the proposed legislation deals with the …
MHProNews has learned from nationalmortgagenews Idaho Republican Senator Michael Crapo, who is becoming the ranking member of the Senate Banking Committee, enumerates his top priorities in his new position as revising portions of the Dodd-Frank Act; paring down GSEs role in the mortgage industry and moving to a private sector …
