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 …
In the face of mortgage servicers role in the national housing crisis by changing loan terms resulting in borrowers losing their homes, and foreclosing on homes when lenders missed payments, the Consumer Financial Protection Bureau (CFPB) has proposed a new set of rules to make borrowing more transparent and thus …
nctimes reports from Escondido in southern California incumbent Olga Diaz and challenger Don Greene have received endorsements for city council from the Coalition of Escondido Mobile/Manufactured Home Voters, which represents the city’s 7,000 MHC residents. Greene lives in a manufactured home and has been a strong advocate for issues that …
HousingWire reports while Rep. Paul Ryan, (R-WI), Gov. Mitt Romney’s running mate for the White House has proposed privatizing “the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk,” and an end to the $188 billion …
The National Association of Home Builders tells MHProNews builder confidence in single-family homes for the 55+ market for Q2 2012 more than doubled over the second quarter of 2011, from 13 to 29, the highest second quarter reading since this sector of NAHB’s Housing Market Index (MHI) started in 2008. …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) Administering Organization (AO), the National Fire Protection Association (NFPA), has asked MHCC members to state their preference for a meeting date between Oct. 23 and 25, 2012, the first full meeting since Oct. 2011. MHCC’s …
RVBusiness reports an audience of more than 300 celebrated the induction Monday, Aug. 6, of the 40th anniversary class into the RV/MH Hall of Fame in Elkhart, Ind. Four people from the RV manufacturing, distribution and promotion sector, two from the RV park and campground sector and four from the …
The National Association of Home Builders (NAHB) reports a total of 80 housing markets in their First American Improving Markets Index (IMI) monthly survey for August. Identifying areas based on housing permits, employment statistics, and house prices for six consecutive months, the index noted 75 markets that have remained on …
A companion measure to the bipartisan H.R. 3849, the Preserving Access to Manufactured Housing Act, introduced in the House of Representatives Feb. 2012 by Reps. Stephen Fincher (R-TN), Joe Donnelly (D-IN), and Gary Miller (R-CA), all members of the House Financial Services Committee, has been introduced in the Senate by …
bangordailynews reports from Rockland, Maine, the Rockland City Council will consider slackening its measure requiring sprinkler systems in newly constructed homes to lessen the financial burden for people who want to build in Rockland. Approved by the council in Dec. 2009, Mayor Brian Harden says the systems may cost twice …
sundaygazettemail reports from Charleston W. Va. The West Virginia Housing Development Fund has re-introduced its incentive program to spur home construction by buying homes from builders who have been unable to sell their homes. Expecting to buy 100 homes annually, the $2.5 million allocated for the program will encourage builders …
mortgageorb reports a new study by the American Council for an Energy-Efficient Economy (ACEEE) estimates energy-efficient manufactured homes could save consumers $4.6 billion over the next 20 years, which would also improve residents’ economic stability. “Mobilizing Energy Efficiency in the Manufactured Housing Sector” states average household incomes in manufactured homes …
Study: Energy Efficient MH would Improve Economic Stability Read More
CSRWire reports non-profit National Equity Fund (NEF) and financial giant Morgan Stanley are committing $25 million more in capital to support development of affordable housing and a jump start to local economies in devastated areas following catastrophic tornadoes and flooding. The current Rebuilding Local Economies Fund has reached $125 million. …
For Profit and non-Profit Partner in Disaster Areas Read More
MHProNews has learned from the Manufactured Housing Institute, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which is charged with coordinating anti-money laundering rules covering over 100,000 financial institutions and businesses that may be utilized to support criminal enterprises, has instituted a new Anti-Money Laundering Program (AML) for …
Anti-money Laundering: MHI’s Templates can Benefit non-bank Lenders Read More
MHProNews has learned at a hearing on the Financial Services Oversight Council (FSOC), the “super committee” of regulators established as part of the Dodd-Frank Act to provide comprehensive monitoring of our nation’s financial system, House Financial Services Committee Chairman Spencer Bachus (R-AL) said there is little evidence the FSOC has …
The Manufactured Housing Association for Regulatory Reform (MHARR), in its continuing attempts for the Department of Housing and Urban Development (HUD) to fully and properly implement the Manufactured Housing Improvement Act of 2000 which especially impacts the industry’s smaller businesses, sent a letter July 19, 2012 to HUD Assistant Secretary …
MHARR to HUD: Respond to Affordable Housing Need, not Regulators Read More
An informed source tell MHProNews that HUD has paid Administering Organization (AO) services provided by the National Fire Protection Association (NFPA). The source indicates that HUD plans to have phone and face to face meetings with MHCC (Manufactured Housing Consensus Committee) members before the end of the year. (Image credit: …
ADN reports the Dayton Daily News in Ohio says only about 6,000 of the 140,700 eligible Ohioans who received foreclosure notices 2009-2010 have asked for a review of their case despite the possibility of receiving up to $125,000 if the borrower was not in default when the foreclosure process began. …
Foreclosed Homeowners in Ohio Reluctant to Respond Read More
MailTribune from southern Oregon tells MHProNews students from Southern Oregon University are proposing an overhaul to the city government’s 20 year-old manufacturing housing code to allow MH to be erected with less restrictions which could also add to the affordable housing stock in Ashland, OR. As presented to the Ashland …
