The National Association of Home Builders (NAHB) informs MHProNews that builder confidence in NAHB’s 55+ Housing Market Index dropped five points from the previous quarter, but remains at 56, where any reading above 50 indicates builders feel more positive than negative about the next six months. It also marks the …
NAHB:Builder Confidence in 55+ Market Slips, yet Still on Positive Ground Read More
Clayton Homes will be hosting it’s Annual Asheville Home Show at the Western North Carolina Agricultural Center in Fletcher, NC Fri., May 6 thru Sun., May 8, 2016. Now in its third year, the event is free and open to the public, children are welcome according to mountainx. While there …
Clayton Underwrites Third Annual Asheville Home Show Read More
Despite all the criticism aimed at Berkshire Hathaway’s Clayton Homes over allegations of predatory and discriminatory lending through its two finance wings, marketing director Carl Hill said Clayton has had a very good spring and continued year-over-year growth, according to reuters. As MHProNews has reported monthly, manufactured home (MH) production …
Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good Read More
Thousands of enthusiastic followers descended on Lincloln, Nebraska to hear Warren Buffett, Chairman of Berkshire Hathaway, the parent of Clayton Homes, expound at the company”s annual meeting, as housingwire tells MHProNews. According to Fortune, Buffett said the housing market is on stable footing, noting, “I don’t see a nationwide bubble …
At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble Read More
Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016, …
MH Lender Cascade Financial Services Acquired by Centerbridge Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes (MH) increased 26.9 percent in March 2016 over March 2015, 7,110 homes in 2016 over 5,602 homes last year. …
Manufactured Housing Production Spikes 26.9% in March Read More
U. S. house prices rose 2.1 percent between Feb. and March, including distressed sales, and 6.7 percent between March 2015 and March 2016, according to constructiondive. Wages for would-be first time homebuyers likely did not rise that much on the year, MHProNews knows, putting a home out of reach. Reporting …
The Manufactured Housing Institute (MHI) tells MHPronews a three year project undertaken by the Department of Energy (DOE) compared the energy-saving attributes of three lab houses of varying designs tested side-by-side under controlled conditions in Russellville, Ala. The homes were built by Southern Energy Homes, part of the Clayton Homes …
Results of Comparable Energy Efficiency in Manufactured Homes Revealed Read More
Director Richard Cordray, of the Consumer Financial Protection Bureau (CFPB), responding to complaints regarding complying with the so-called Know Before You Owe rule for homebuyers —formally, the TILA-RESPA Integrated Disclosure (TRID) rule implemented Oct. 3, 2015 –wrote a letter to financial trades members stating the bureau is considering making “adjustments” …
Jacksonville, Fla.-based Black Knight Financial Services tells MHProNews rising home prices across the country are offsetting the advantage of low mortgage rates. The fall of interest rates 35 basis points since Jan. 1, 2016 would translate to a savings of approximately $44 dollars a month. “While borrowers might expect that …
Rising Home Prices Partially Negate Low Mortgage Rates Read More
What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew …
Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More
MHProNews has learned from builderonline that manufactured housing giant Clayton Homes has acquired Goodall Homes of Gallatin, Tenn. as it increases its mark on the site-built home industry, having purchased site home builder Chafin Communities of Georgia last fall. Goodall has been building single-family homes, townhomes and condominiums since 1990, …
On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get their input on the FHFA’s proposed “Duty to Serve” rule, according to the Manufactured Housing Institute‘s (MHI) Housing Alert to MHProNews. Lesli …
MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending Read More
Eight months after issuing a stop-work order on what was said to be a modular home due to an ordinance violation in the Ward Ridge area of Port St. Joe, Fla., the order remains in effect and the home sits unoccupied, on wheels, and falling over. Owned by Robert Mike, …
Stop-work Order Leads to Uncertain Future of Factory-built Home Read More
Following a tepid first quarter, government-sponsored enterprise (GSE) Freddie Mac reports the mighty dollar spigot of consumer spending, manufacturing, trade and auto and retail sales for the first quarter has tightened, with an estimated GDP (gross domestic product) of 1.1 percent growth instead of the expected 1.8 percent. As nationalmortgagenews …
Freddie Mac 2016 Forecast: Housing will Continue Growing, GDP to Slow Read More
First-time home buyers accounted for less than a third of all home purchases last year, the lowest rate in almost 30 years, as The Wall Street Journal informs therealdeal. Only 25 percent of U. S. counties that have over 100,000 people saw a decrease in affordability of homes since last …
What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHARR Slams Danner, HUD. Clayton in line for air base homes contract. Sears Homes paved the way for prefab. Canada’s ATCO marching far South. Modulars for …
Sunday Morning Recap-Manufactured Housing Industry News April 17-April 24, 2016 Read More
According to the first-quarter Zillow Real Estate Market Reports, rising values for entry-level homes may dash the hopes of would-be first-time homebuyers during the traditional spring buying season. The cost of entry-level homes, those in the bottom third of the market, are rising the fastest among the largest markets in …
Inventory of Entry-value Homes Slipping, Raising Prices Read More
The expansion of Naval Air Station Whidbey Island will add 3,747 people to the population of Oak Harbor, Washington, a 20 percent increase by 2036, 70 percent of whom are military or civilian personnel associated with the base. Located in the far northwest corner of the continental United States, Oak …
Clayton may get Nod to Add Housing at Growing Air Base Read More
Sears was a pioneering mail-order company that sold watches, underwear, furniture, appliances—and from 1908 to 1940 sold 100,000 homes through a catalog. As the timesununion states, “The pieces arrived packed in boxes that contained lumber, cut to length and numbered for convenience, as well as shingles, doors, windows, molding, plumbing, …
Sears & Roebuck Homes Presaged HUD Code and Modular Homes Read More
