According to Trulia Inc., the National Association of Realtors (NAR) reports in RealtorMag rents increased five percent over the last 12 months as the asking price for homes declined 0.7 percent, reflecting a continuing stall in the homes-for-sale market. Reis Inc. says the rental vacancy rate fell to its lowest …
The Santa Fe Association of Realtors (SFAR) tells the SantaFeNewMexican home sales are up in the area due to low interest rates and buyers fears that interest and prices will soon rise, but inventory is down as potential sellers wait for prices to improve. The median sales price for a …
The National Association of Home Builders (NAHB) states if certain legislators have their way, this could be the last year for the mortgage interest deduction (MID). Calling it “the most important tax deduction for tens of millions of middle-class families”, NAHB says “more than 33 million families benefited from the …
According to the Mortgage Bankers Association (MBA), over $184 billion in multifamily and commercial loans was originated in 2011, a 55 percent increase over the previous year. Of last year’s $184.3 billion, Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) were responsible for $57.6 billion, the most among …
OriginationNews says Amherst Securities Group reports lower-priced housing loans will outperform jumbo loans at current prices, suggesting investors should look for bonds with smaller loan sizes. The report says a government bulk REO sale would stabilize the low-income housing prices, and clear out many of the 3.2 million homes in …
InsuranceNewsNet has issued a report from Housing and Urban Development (HUD) saying the mortgage insurance premiums (MIPs) for certain FHA multifamily housing and health care facilities will increase 15 basis points FY 2013. The market-rate for new construction/substantial rehabilitation loans will rise 20 basis points (except 223(a)(7) will increase five …
According to BostonHerald the sale of homes in Massachusetts increased 9.7 percent in Q1 this year as compared to 2011, continuing a trend that began in 2009 when the housing market bottomed out. The MLS Property Information Network says the state’s median sales price fell less than one percent to …
The National Association of Home Builders (NAHB) Improving Markets Index (IMI), based on employment, housing permits, and house prices showed a slight improvement, adding a net gain of two, March to April. Thirteen markets were added and eleven fell from the ranking, while 88 markets remained, rising just above the …
The etruth in Elkhart County, Indiana says business leaders are cautiously optimistic about the future given business expansion and new jobs, but concerns remain about the increase in fuel costs that ultimately will be passed on to consumers that could drag the economy back down. Despite the 12.1 percent unemployment …
From The Globe and Mail, we find a story depicting manufactured housing a bright spot in an otherwise gloomy housing market. According to the article, manufactured housing shipments in January rose to 60,000 on a seasonally adjusted annual rate, up 33 per cent over last year, but still off highs …
As reported by the Manufactured Housing Association for Regulatory Reform (MHARR), Texas leads the nation in terms of manufactured housing shipments. A report from the Federal Reserve Bank of Dallas helps explain why. Texas gained 24,600 jobs in February after adding 58,900 jobs in January. Current Texas employment stands at …
Leading the Nation in Manufactured Housing Demand, Texas Economy Shines Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), the manufactured housing industry rebound evident during the second half of 2011 has continued into February 2012, posting its seventh production increase in …
According to a Bloomberg News analysis, a bulge of foreclosures coming through the system could further erode home prices in the U.S. According to the report, as many as 1.25 million homes are headed for auction after a probe into foreclosure practices kept them on the sidelines. For banks, the …
Bundle of Foreclosures to Enter Market, Risk Eroding Prices Read More
Economic activity in the manufacturing sector expanded in March for the 32nd consecutive month, and the overall economy grew for the 34th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. At the same time, the Commerce Department reports a drop in construction spending. …
From Housingwire and Corelogic comes a report on the foreclosure rate, which a new report says, is holding steady. The Corelogic report found there was 862,000 foreclosures in the 12 months ending in February. Some 3.4 million homes have been foreclosed since the financial crisis began in 2008. More than …
From North Dakota and KXTNews comes a story about the demand for manufactured housing in the oil-boom state. Soon after new homes arrive on sales lots, they leave for site placement. The sales manager for one business told the reporter sales have tripled in the past year, most destined for …
Manufactured Home Demand Continues in Western North Dakota Read More
The California Association of Realtors (CAR) says pending home sales increased for the second straight month in Feb. Equity sales comprised 51.1 percent of home sales in Feb., a slight increase from 49.9 percent the prior month, and 44.8 percent a year ago. According to NationalMortgageNews distressed property sales statewide …
SeekingAlpha reports the manufactured housing industry sub-sector is the smallest sector in the FTSE NAREIT Index. MHProNews.com says the Index has different methods to rate the performance of commercial real estate investment and property sectors. It notes as of the end of Feb. 2012, there were 126 equity REITs (real …
At a League of Women Voters (LWV) forum on affordable housing in Midland, Texas, it was noted the housing shortage is evidenced in the availability of only 150 homes for sale in this west-central city of over 100,000. A one bedroom apartment now costs $900/month, and the increase each time …
Although it requires twice the manpower, takes three times longer, and nearly doubles the cost to deconstruct a home than demolish it, a Cleveland company, A Piece of Cleveland, and the Cleveland Institute of Art are conducting a test program to make furniture, mill work, and other items from the …
