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 …
2012 saw underwater borrowers turn to short sales by a three to one margin over foreclosures, CNNMoney tells MHProNews. Foreclosures accounted for 11 percent of all sales, a drop from 13 percent the previous year, while short sales rose five percent year-over-year to 32 percent. Noting foreclosures on average in …
Rise in Short Sales Increases Price of Distressed Homes Read More
As the Dow fell short of its all-time high, investors backed away from U. S. stocks as tepid economic data trumped the drop in first-time unemployment claims. CNNMoney reports the Dow Jones Industrial Average rolled back slightly from its new five-year high, dropping -0.15 percent, -20.88 points, to end the …
Dow Falls Short of Record; Tracked Housing Stocks Lackluster Read More
Updating a story we posted Jan. 25, 2012, about a marina development in Poquoson, Vir. that included a 50 site MHC, the dailypress informs MHProNews the entire Whitehouse Cove project is flourishing. While so far only 13 of the homesites are occupied, eight more are committed and the developer thinks …
RnRMarketResearch reports demand for prefabricated housing will expand 15 percent annually through 2017, but manufactured housing’s share of that will fall as conventional mortgages become easier to obtain. The study, based on data from 2002, 2007, and 2012, is combined with current market conditions, industry structure and competition in its …
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 …
Stocks rallied on hump day, rising throughout the trading session, in response to news that pending homes sales in Jan. rose to their highest level in almost three years, and Federal Reserve Chairman Ben Bernanke’s testimony before Congress that the Fed’s bond buying policies would continue to support the economy. …
As statesmanjournal informs MHProNews, the Silverton (Ore.) Planning Commission voted to approve an application by Universal Forest Products, Inc. (UFPI) to move into the former Champion Homes’ Redman Housing facility in the city’s industrial park. The wood-product manufacturing plant would consolidate operations now being conducted at nearby Woodburn and McMinnville, …
MH Component Supplier to take over former MH Plant Read More
An addition to the list of companies converting shipping containers into modular homes is Danish architectural firm Arcgency, which allows buyers to customize their homes as to size, layout, design, and interior. Gizmag tells MHProNews the shipping containers are stacked two-high with a sloped roof to catch the sun for …
Positive economic data and Fed Chairman Ben Bernanke’s words to Congress indicating the bond-buying program of the Fed will continue helped stocks regain some of their losses yesterday. CNNMoney reports the Dow Jones Industrial Average regained +0.84 percent of the 1.55% lost yesterday, +115.96 points, to end the day at …
After a run-up at the beginning of the day, investors took a break and engaged in a late-day sell off as concerns mounted over possible political instability in Italy, although some analysts suggested the three major indexes needed a cooling off period after running at records. In the end, the …
Nobility Runs Up; Indexes, other Housing Stocks Run Down Read More
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), in the final quarter of 2012 74.9 percent of all homes sold in the U. S. were affordable to households making the U. S. median income of $65,000, up from 74.1 percent in the previous quarter. …
SmartPlanet tells MHProNews two Argentinian architects have developed a foldable disaster relief modular structure that can be carried seven to a flatbed truck and unfolded and ready to use in 30 minutes. Made of insulated thermal panels, much like a grocery store’s cold storage room, the units can be connected …
Better than expected corporate returns from Hewlett-Packard and insurance giant AIG helped boost U.S. stocks, adding nearly one percent to the three major indexes. CNNMoney reports the Dow Jones Industrial Average gained 0.86 percent, +119.95 points, to finish at 14,000.57. The Nasdaq advanced +0.97 percent, +30.33 points, to close at …
Not long ago Florida had one of the highest foreclosure rates in the country. As HousingWire informs MHProNews, in Jan. closed sales of existing single-family homes rose 11.7 percent over last Jan. to 13,679, while pending home sales for existing single-family homes jumped 31 percent versus last year. The median …
The democratherald tells MHProNews the manufactured homes used to display the energy efficiency of a BASF HVAC system at the International Builders Show in Las Vegas were made by Palm Harbor Homes at their Millersburg, Ore. facility. The “BEYOND High Performance” homes are built to achieve a Home Energy Rating …
CNNMoney reports the National Association of Realtors says previously-owned homes sold at an annual rate of 4.92 million in Jan., 2013,, a nine percent increase since last year at this time. Home prices climbed 12.3 percent to a median of $173,600, the largest percent gain in eight years. There was …
While the major indexes continue to be up 3-6% for the year, today weak economic numbers, reports of soft sales at Wal-Mart, and ongoing financial troubles in Europe saw the indexes drift lower in the second straight day of drops in the market. CNNMoney reports the Dow Jones Industrial Average …
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 …
