Housing may seem like it’s in the tank, but a look by Forbes at markets over the last decade tells a different story. The magazine reports that the value of a square foot of housing in the U.S. is up 58 percent from its January 2000 level. New York performed …
Trulia.com and RealtyTrac released the latest results of an ongoing survey tracking homebuyers’ attitudes toward foreclosed homes Tuesday. Results of the survey conducted online from November 2-4, 2010 by Harris Interactive showed that Americans continue to grapple with uncertainty about the housing market, with 58 percent of U.S. adults expecting …
In yesterday’s News at Noon, Michigan Retailer Jim Dietrich commented that we may be moving into simpler times. ( http://www.mhmsm.com/blogs/daily-business-news/a-housing-market-report-from-michigan.php A recent Associated Press story in the New York Times provides what may be additional evidence. According to the article, luxury home builder Toll Brothers report its new home contracts …
HousingWire reports that double-digit declines in the mortgage delinquency rate for all 50 states will occur through next year, according to TransUnion. The company expects the national mortgage delinquency rate to fall by about one-fifth to 4.98 percent by the end of 2011. The company projects the rate at 6.21 …
Double-digit Declines in Mortgage Delinquency Projected Through 2011 Read More
Construtech ran an article about smart appliances coming to the construction industry from General Electric. GE Appliances & Lighting plans to launch a portfolio of products that provide insight into energy usage across the home. The article says through a series of products that leverage connected technologies, such as smart …
More on the layoffs coming to Oregon made the pages of the Oregonian Tuesday. The story mentioned the closing of a Liberty Homes plant in Sheridan, Oregon that will mean the loss of 83 jobs. In addition, the article says ZipRealty is laying off 51 sales agents, and a bio-tech …
The Manufactured Housing Institute reports in its Week in Review that the Environmental Protection Agency recently announced new requirements for qualifying site-built and modular homes for ENERGY STAR, which will go into effect beginning next year. The Systems Building Research Alliance is in the process of revising the modular program …
EPA Announces New Energy Star Requirements for Modular Housing Read More
UPI.com reports that there may be a large shadow inventory of foreclosed homes in the American Heartland. The reason: no data is collected from small lenders or lenders that operate exclusively in rural areas. Homeowners in the heartland struggle with many of the same factors that plague urban and suburban …
Rural Foreclosures: The Hidden Heartland Inventory Read More
A U.S. mortgage sub-sector historically known for its problematic performance has emerged as one of its more stable performers, according to Fitch Ratings in a new report. The manufactured housing sector has experienced very slight increases in loss severities, net loss rates and 60-day delinquencies over the last year. This …
Fitch: U.S. Manufactured Housing Remains Stable Amid Market Turmoil Read More
With plans to change the Mortgage Interest Deduction (MID) being presented to Congress in hopes of reducing the federal budget deficit, MHMSM.com, along with homebuilders, industry and realtor groups is urging the maintenance of the benefit in its full potency. “The owners of manufactured homes, like all homeowners, benefit from …
MHMSM.com Urges Preservation of Mortgage Interest Deduction Read More
Stocks fluctuated throughout the day Monday as oil prices hovered at a two-year high and silver hit a 30-year high. The Dow ended down about 20 points. The Manufactured Housing Composite Value moved up a percentage point, however, as some companies added to their share price. Deer Valley added 14 …
Solar Village Homes of Boulder, Colorado announced recently it has chosen Epoch Homes to manufacture the Solar Village line of energy-efficient systems-built homes. Epoch will build the Solar Village Prefab Homes in the six New England states, New York and New Jersey. “Epoch Homes is proud to add these cost …
A call to Jim Dietrich, vice president of sales at Roy’s Home Center in Gobles, Michigan on another matter allowed us some insight into the market there. Somewhat expected, Dietrich reported sales of manufactured homes to be slow, similar to the over-all housing market. “We’re having a hard time getting …
After a day in the red, the Dow closed modestly higher Friday following a week of strong gains. News that the unemployment rate rose to 9.8 percent in November brought the blues to Wall Street for most of the day. Construction companies contributed to the lower numbers, slashing some 5,000 …
McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans are opting for smaller residential footprints, according to a new Relocation.com consumer lifestyle survey. Small homes in the suburbs? Sound like a market the manufactured home industry could tap into! In the survey, homeowners and buyers …
Oregonlive.com reports that more than 200 workers will likely lose their jobs under layoffs announced Thursday by three unrelated western Oregon companies. The job losses come in the manufactured home, real estate and bio tech industries. According to the report, Liberty Homes Inc. filed plans with the state to permanently …
From Arizona, the Yuma Sun reports that The Yuma Jaycees are getting ready to kick off their 64th annual celebration of the Christmas Lighting Contest and are looking for eager contestants in manufactured homes, site-built homes and commercial buildings. The only qualification for eligibility is being in Yuma, which raises the …
Holiday Lights on Manufactured Homes in Arizona Contest Read More
From Alabama, The Daily Home brings us news that the Talladega City Council voted unanimously Thursday evening to pass a six-month moratorium on placing mobile or manufactured homes in designated Manufactured Home Areas in the city. According to the report, approval of the moratorium will also be based on a …
From Washington State, the Seattle Post-Intelligencer sent out notice to its readers that they may want to witness the assembly of Seattle’s first LEED Platinum modular home. Six boxes transported via truck from the factory in Idaho will be installed one-at-a-time by crane onto the foundation, forming this prefab demonstration home. …
From Pottstown, Pennsylvania The Mercury posted an item from Earthtalk asking if modular, prefab homes are better for the environment. Rob Sherman of Minneapolis wrote in, asking if a modular vacation home would be easier on the environment than building a traditional house from scratch. The response: prefabrication generates less …
