According to SeniorHousingNews, with health care costs rising and the economy still not thriving, “Granny pods” may start appearing in your neighbors’ backyards. Small modular homes, Med-Cottages, 288 square feet, outfitted as needed for the particular resident, assembled in a backyard, can give seniors a sense of independence while keeping …
USAToday tells MHProNews.com sustainable, energy-efficient home-building has increased in the wake of actor Brad Pitt’s founding of Make It Right, a response to the housing needs of victims of Hurricane Katrina in New Orleans. Living Homes of California has developed a modular 1,232 square foot home with three bedrooms and …
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has …
As follow up on a story we published Feb. 6, Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), tells MHProNews.com house bill 593 that would create a fund to assist consumers purchase manufactured housing passed out of the subcommittee by a 3-0 vote. Committee member Jeff …
MoneyNews tells MHProNews.com Sam Zell, CEO of Equity Lifestyle Properties says if the government had not stepped in to try and solve the housing market problems we would have a healthy market today. He says government intervention prevented the market from clearing itself. “We are the only country in the …
Sam Zell: Government Programs Prevent Housing Recovery Read More
According to the National Association of Home Builders (NAHB), MHProNews.com has learned a survey taken by McGraw-Hill Construction Company reveals green home building accounted for 17 percent of the residential market in 2011, but that figure is expected to increase to between 29 and 38 percent in four years. In …
MHProNews.com has learned from Robert S. Coldren of Hart, King & Coldren in Santa Ana, California, a Vista (CA) Superior Court judge’s ruling may help MHC owners sell their land if they cannot earn enough from renting home sites. According to utsandiego rent control has been in effect in Oceanside …
DunedinPatch in Florida tells MHProNews.com in looking at five ‘green’ developments in Dunedin, the Glencairn Cottages stand out as a modular home neighborhood two blocks from downtown. Each of the fourteen homes have 1,500 to 2,000 square feet, attached garages, gourmet kitchens, and energy-efficient appliances, insulation, pipes and ductwork. Built …
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) identifies metro areas that have shown improvement in housing permits, employment, and house prices for six consecutive months. MHProNews.com has learned the Housing markets that meet this criteria expanded by 29 for Feb. to 98, and include some …
NAHB’s Improving Market Index Grows by 29 Metro Areas Read More
GlobeandMail of Toronto tells MHProNews.com the economic recovery in the U.S. is beginning without help from the housing market. Recovery from economic slumps going back decades meant the real estate market pulled everyone else along, according to columnist Brian Milder. Karl Case, who co-developed the S&P Case/Shiller Index that tracks …
Joe Kelly of the Iowa Manufactured Housing Association tells MHProNews.com HSB 593 would create a manufactured housing program fund to assist consumers with buying MH, especially if they are moving into land lease communities (LLC). Supported by Gov. Terry Branstad and leaders in the legislature, the bill authorizes the revolving …
MHProNews.com has learned from NationalMortgageNews refinancings have led mortgage companies to add 3,000 employees to their rosters since September. While the U.S. Bureau of Labor Statistics (BLS) says mortgage firms employed 265,000 full time personnel at year’s end, year-over-year employment at mortgage firms actually fell 5.4 percent last year. Of …
Statistics Show Slight Improvement in Employment—Maybe Read More
From Housingwire, MHProNews.com learns that the homeownership rate is now at 65.5 percent, a new low. The last time the rate was that low was 1997. Also from the report, vacant units that were held off market comprised 5.4 percent of the total housing stock. Of these, 1.7 percent were …
KTVUTV in Springfield, Missouri tells MHProNews.com a woman who collected money for the sale of modular and manufactured homes she never delivered has been sentenced to eight years in prison. Convicted in October on seven counts of fraud, Edna Kay Jackson, owner of Dogwood Homes, allegedly swindled eleven Dogwood customers. …
Newswire from Canada tells MHProNews.com eight leading Saskatchewan credit unions are teaming with the HeadStart on a Home program to provide down payment loans for entry -level buyers to purchase a home. The loans are repayable within five years at Credit Union prime. This $200 million program will provide 1,000 …
Investors tells MHProNews.com the rise in rents may make some people think twice about renting as opposed to buying. The average rent of $1,016 in 2009 will hit 1,101 this year, according to Marcus and Millchap’s 2012 National Apartment Report. Analysts expect it will rise four percent next year. As …
NationalMortgageNews has informed MHProNews.com FiServ chief economist David Stiff says actual improvement in housing prices is still a year away, when he expects prices to rise four percent. The Fiserv Case-Shiller house price index indicates prices will fall 2.7 percent through the third quarter 2012. Meanwhile, buying a home has …
MHProNews.com hears from Canada there has not been a better time to buy a home in nearly 30 years. Mark Weisleder says in TheSpectator in Hamilton, Ontario, Canada, mortgage rates are at an all-time low, the political and social climates are stable, as is the real estate market. According to …
HousingWire tells MHProNews.com Wednesday’s hearing before the House Financial Services Committee will feature John Bostick, Chairman of the Manufactured Housing Association for Regulatory Reform (MHARR), and president of Sunshine Homes. He will testify how HUD’s failure to implement certain provisions of the Manufactured Housing Improvement Act of 2000 has hindered …
A recent survey from MetLife provides some insight into generational views on housing and finance. According to the survey, Multi-Generational Views on Family Financial Obligations, most do not believe parents have a fiscal responsibility to help their adult children buy a home. Just 12 percent of Baby Boomer parents say …
