The National Association of Home Builders showed up 700 strong on Capitol Hill Wed., June 6, 2012, to implore Congress to get the homebuilding industry back on track. Specifically, builders asked for the restoration of credit flow for new housing production; the reform of GSEs to ensure a federal backstop …
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews.com Housing and Urban Development (HUD) statistics show production of HUD Code homes rose to 4,630 homes in April 2012, a 17.4 percent increase over April 2011 production of 3,944 homes, marking nine months of consecutive industry growth. The top ten …
According to HousingWire, the U.S. Census Bureau’s report on “Characteristics of New Housing for 2011” indicates the housing market may be slowly stabilizing. Twenty percent of all new single-family homes were financed by an FHA-insured loan, five percent less than in 2010, and four percent less than 2009. Conventional loans …
Speaking to the American Real Estate & Urban Economics Association, special adviser to the Treasury secretary Michael Stegman, noting the restructuring of GSEs to allow private investors to share the risks of Fannie and Freddie MBS (mortgage-backed securities), says: “We believe that this initiative could help support our broader efforts …
HousingWire reports CoreLogic says April home prices rose a mere 1.1% over last April, but it is the second year-over-year increase in 2012. Overall home prices have risen 2.2% April over March of this year; excluding distressed sales April grew 2.6% over March, and 1.9% above last April. Anand Nallathambi, …
GreenBuilderMag tells MHProNews.com Harvard University’s Joint Center for Housing Studies will release its annual State of the Nation’s Housing 2012 on June 14, 2012 from 11 AM to noon at the Ford Foundation Board Room on E. 43rd St. in Manhattan. The periodic assessment of the nation’s housing outlook provides …
The Wisconsin Housing Alliance tells MHProNews.com data gathered by the American Banker’s Association’s (ABA) Consumer Credit Delinquency Bulletin loan delinquencies for manufactured housing dropped to 3.76% from 4.08% during Q4 2011. While the ABA says a delinquency is 30 or more days past due, TransUnion, the third largest credit bureau …
FoxBusiness reports gross domestic product (GDP) increased at an annual 1.9 percent in the first quarter of the year according to the Commerce Department, down from 3.0 percent in the fourth quarter of 2011. Excluding inventory values, which fell in the first quarter, the economy grew at a rate of …
Benzinga tells us the mortgage rate has found another hole that it has fallen through to a record low, as the 30-yr. fixed rate has hit 3.78% and the 15-yr. Fixed rate plunged to 3.08%, according to Bankrate. Still, the reticence of would-be buyers due to job insecurity, tight credit, …
HousingWire says CoreLogic reports half of the 66,000 foreclosures completed in April were from five states: California, Florida, Michigan, Texas and Georgia, in that order. The National Foreclosure Report says the April rate compares to 78,000 a year ago. Since the housing downturn in Sept. 2008 3.6 million foreclosures have …
Bloomberg reports the National Association of Realtors (NAR) says the index of pending sales of previously-owned homes fell 5.5% in April, the highest rate in a year, on the heels of a 3.8 % gain in March 2012. Record low mortgage rates have failed to sustain the pace of demand …
OriginationNews tells MHProNews.com according to the Federal Reserve, single-family loans lending by the 25 largest banks has spiked this quarter, increasing $11.2 billion, at an annualized rate of 56 percent, to a non-seasonally-adjusted total of $4 trillion for the week ending May 9. Home mortgage lending was just below 40 …
The National Modular Housing Council reports shipments of new modular homes rose 18.7% compared to the first quarter 2011, hitting 2,922. Shipments by state relative to the first quarter last year indicate 16 states received more than last year, three received fewer homes, and 12 states experienced no significant change. …
The lights in the housing market in Phoenix suddenly became very bright, according to a report from Keefe, Bruyette, and Woods (KBW) that HousingWire picked up. Following discussions with home builders, banks, and developers, KBW says new home building permits are expected to rise 50 percent in 2012 , as …
RVBusiness tells MHProNews.com a survey of Americans in May indicates consumer confidence rose to the highest level since Oct. 2007. The Thomson Reuters/University of Michigan index rose from 76.4 in April to 79.3 in May, the ninth consecutive increase. The study showed 63 percent of respondents may be considering making …
Moody’s Investor Service and Real Capital Analytics, basing their studies on the same commercial properties over time, say the recovery of commercial property slowed in the first quarter as prices rose only 1.8%, although they have risen 28 percent since the low point of the crisis in 2010. Apartment prices …
HousingWire tells us the government reports Americans filing jobless claims fell to 370,000 for the week ending May 19, down from 372,000 the previous week. The four week moving average hit 370,000 as well. For the week ending May 5, the total number of people claiming benefits from all the …
KelolandTV from Aberdeen, South Dakota says Centennial Homes is cashing in on the oil boom in western North Dakota. Kevin Foss of Centennial says the company has been sending as many manufactured homes and modular homes as it can to the north. He expects business this year to increase 50 …
BostonGlobe reports for the first time in seven months, prices for single-family homes in Massachusetts rose modestly, 1.1%, as the median price hit $275,000 in April, according to Boston real estate company Warren Group. The number of single-family homes sold in April rose almost 22 percent over April 2011, marking …
NationalMortgageNews says there were 2.4 million homes for sale at the end of the first quarter, 20 percent fewer than a year ago, which has helped stabilize prices for now. However, the 2.2 million homes in the process of foreclosure, and another 1.7 million homes where the owners are three …
