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 …
The National Association of Home Builders (NAHB) tells MHProNews while the number of permits issued for new housing starts rose 1.8 percent in Jan. to a seasonally-adjusted annual rate (SAAR) of 925,000—the best rate since the middle of 2008—the number of overall actual housing starts nationwide dropped 8.5 percent to …
Single-family Starts Steady; Multi-family Starts Drop Read More
Federal Housing Administration (FHA) Commissioner Carol Galante, telling the House Financial Services Committee her agency will not likely need Treasury assistance this year, says the FHA has raised its insurance premiums five times since 2009, is raising them again April 1, and is issuing new regulations to reduce losses. The …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for single-family newly-built homes dropped one point to 46 this month as builder confidence leveled off. A score of 50 or better indicates builders see the market as good versus poor, as MHProNews understands. Having been conducted for …
As PRWeb informs MHProNews, according to market research firm Global Industry Analysts, Inc. (GIA), shipments of prefabricated homes are expected to reach 112,000 units by 2018 in the U.S. as the resurgence in housing and construction activity increases. The study covers manufactured, modular, panelized, and precut housing, but the manufactured …
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society …
Sam Zell on the Housing Market: It’s Going to be a While Read More
An article in NuwireInvestor refutes the charge in a Wall Street Journal piece from Dec. 11, 2012 that the manufactured housing market is declining while the site-built market is rebounding. Of the 50,000 MHCs in the nation, 45,000 serve as affordable housing for those who pay around $500 a month …
TribLive tells MHProNews credit reporting agency TransUnion reports mortgage delinquencies have dropped to a four year low. The percentage of borrowers 60 days late fell to 5.19 percent in the last quarter of 2012, down almost 14 percent from the same period a year earlier. Prior to the housing downturn, …
The National Association of Home Builders (NAHB) informs MHProNews builder confidence in the 55+ housing market for single-family homes grew by ten points in the fourth quarter 2012 versus the same period the year previous. NAHB’s Housing Market Index (HMI) measures builder sentiment based on current sales, prospective buyer traffic, …
AOLRealEstate reports a survey by Prudential Real Estate reveals 77 percent of the respondents 25-34 and 78 percent of those 35-44 see homeownership as very important as the recession fades into history. Eighty-five million Generation Xers and Millennials, many of whom were not impacted by the housing bubble, are generally …
HousingWire reports the National Association of Realtors (NAR) says Q4 2012 witnessed the strongest year-over-year median home price rise in seven years. NAR’s chief economist Lawrence Yun says with the lowest unsold inventory of homes in 12 years, and the population growing faster than the housing stock, the existing median …
Median Home Price Rises, Distressed Home Sales Drop Read More
The chicagotribune informs MHProNews Ill. Governor Pat Quinn has signed Senate Bill 16 to speed up the foreclosure process on abandoned single-family homes and multifamily buildings of less than seven units. The current average of 600 days will be shortened to 90-180 days for foreclosure. In addition, lenders will be …
HousingWire informs MHProNews, according to the Obama Administration’s January housing scorecard, many signs point to a recovering housing market but all danger signs have not disappeared. The number of underwater borrowers has fallen from 10.78 million in the previous quarter to 10.67 million in Jan.; and existing homes for sale …
MHProNews has learned from nationalmortgagenews the average rate for a 30-year fixed-rate mortgage (FRM) according to Freddie Mac’s weekly survey remained steady at 3.53%, while a 15-year FRM dropped four basis points to 2.77%. Compared to last Feb. at this time, a 30- year average FRM is 34 basis points …
The nationalmortgagenews tells MHProNews in true supply and demand fashion, the apartment vacancy rate fell to 4.5 percent, it’s lowest level in more than a decade, says Apartments.com, while rents rose 3.8 percent from a year earlier. In a survey of over 1,300 renters, the number of previous homeowners who …
In describing the housing market as in “pre-covery” instead of “recovery”, the only factor that has really changed in the housing market is falling inventory, according to Jonathan Miller, writing on the millersamuelblog. He says falling inventory is the result of sellers becoming buyers (or renters), but with 40 percent …
Falling Inventory (and not much else) is Driving Prices Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of improving housing markets grew in Feb. to 259, up from 242 markets in Jan., and now includes all 50 states and the District of Columbia. The IMI measures changes in housing permits, employment, and …
Speaking at a University of Montana economics seminar in Billings, Montana, economists noted Billings has the most robust growth of any urban area in Montana, and has nearly equaled its growth rate of 2007. As MHProNews has reported on several occasions, most recently Dec. 7, 2012, Billings is home to …
The Manufactured Housing Institute’s (MHI) monthly economic report says 3,513 new manufactured homes were shipped in Dec. 2012, down 8.5 percent from Dec. 2011 shipments of 3,838 homes. MHProNews understand year-to-date shipments for 2012 stand at 54,891, an increase of 6.4 percent over the 51,606 homes shipped in 2011. (Photo …
Seacoastonline reports from Saddle River, New Jersey that the image of factory-built homes is notching up, as investors and high-end home shoppers see the benefits of an energy-efficient modular home with all the amenities and strength of a site-built home, customized to order via a 3D monitor and working with …
