home buyers Archives

Apr 5 2016

California Offering Assistance for Low income Manufactured Home Buyers and Rehabbers

By Matthew Silver / April 5, 2016 April 5, 2016 / home buyers, Manufactured and Modular Housing News, Manufactured Homes

Funded by CalHOME through the California Department of Housing and Community Development, the city of Garden Grove, California is offering First Time Homebuyer and Home Improvement programs for manufactured housing (MH) through Oct., 2017, or until the funds have been expended. The First Time Homebuyer program is aimed at low-income …

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Apr 4 2016April 3, 2016

Resident-owned Community Members Thankful for Right of Refusal Law

By Matthew Silver / April 4, 2016 April 3, 2016 / Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

In 1993, Taunton, Mass. Democratic State Senator Marc Pacheco was the lead sponsor of a bill that gave residents of a manufactured home community (MHC) first right of refusal if an MHC came up for sale, according to tauntonwickedlocal. On March 31, the 247 homeowners of Oak Hill MHC exercised …

Resident-owned Community Members Thankful for Right of Refusal Law Read More

Apr 3 2016April 2, 2016

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016

By Matthew Silver / April 3, 2016 April 2, 2016 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town wants exemption from state’s 40B ruling. Sun Communities to expand King’s Court MHC. Fannie Mae funds $5MM refi of MHC. New MHProNews …

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016 Read More

Apr 1 2016

Freddie Mac Forecasts Best Year in Ten for Housing Industry

By Matthew Silver / April 1, 2016 April 1, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

According to what Freddie Mac tells MHPrpNews in nationalmortgagenews, despite low wage growth this year, the housing market will reach its highest level in sales, housing starts and housing prices since 2006. It will be largely driven by interest rates that remain below four percent for a 30-year fixed rate, …

Freddie Mac Forecasts Best Year in Ten for Housing Industry Read More

Apr 1 2016

Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent

By Matthew Silver / April 1, 2016 April 1, 2016 / Business, Company News, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

As Warren Buffett’s Berkshire Hathaway approaches ten percent ownership in Wells Fargo & Co., mostly through several of Berkshire’s subsidiaries, he will have to pass a Federal Reserve review if he intends to acquire more than the 9.9 percent he currently controls, about 506 million shares valued at $24 billion, …

Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent Read More

Mar 31 2016

Modular Home Development may Result from a Housing Incentive Program

By Matthew Silver / March 31, 2016 March 31, 2016 / Business, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular

Following an unanimous vote by the Village Board of Trustees, Mayor Trevor Bissey of Clay City, Illinois announced the Clay City Residential Housing Incentive Program (RHIP), which will enable owners and developers wanting to build new homes or site modular homes in the Village, to utilize several property and sales …

Modular Home Development may Result from a Housing Incentive Program Read More

Mar 29 2016

NextStep Sponsors Lending to Buyers of EnergyStar Manufactured Homes

By Matthew Silver / March 29, 2016 March 29, 2016 / Business, Finance, Green, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Forcht Bank of London, Kentucky has joined the SmartMH KY Alliance, an initiative to provide increased access to EnergyStar manufactured homes through flexible loan plans that save MH (manufacture home) owners money, while assuring them of low utility bills in the future, saving thousands over the life of the home. …

NextStep Sponsors Lending to Buyers of EnergyStar Manufactured Homes Read More

Mar 29 2016

Pending Home Sales Rise in February

By Matthew Silver / March 29, 2016 March 29, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Realtors (NAR) reports its pending home sales index of existing homes rose 3.5 percent in Feb., to 109.1, the highest level in seven months, as cnbc tells MHProNews. With Jan.’s rate revised to indicate a three percent decline, lower than initially perceived, the fluctuating numbers make …

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Mar 28 2016

Manufactured Home Opportunities may Derive from Tight Housing Market

By Matthew Silver / March 28, 2016 March 28, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Chief Financial Officer (CFO) Jeff Kaminski of KB Homes, the eighth largest homebuilder in the U. S. says the new housing crisis is being caused by the lack of homes, which in turn raises prices of existing homes, pricing many people out of the market. First-time KB home buyers in …

Manufactured Home Opportunities may Derive from Tight Housing Market Read More

Mar 27 2016March 26, 2016

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016

By Matthew Silver / March 27, 2016 March 26, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trade Shows, Trends

What’s New in public focused Manufactured HomeLivingNews.com What Others Say about Sunshine Homes, Manufactured/Modular Homebuilder Tragedy and Triumph – Widow shares her Celebration of Manufactured Home What’s New in Manufactured Housing Industry Professional News Tunica was tremendous, say attendees. Proposal would merge Fannie, Freddie. MHC to receive free wastewater system. …

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016 Read More

Mar 26 2016

Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives

By Matthew Silver / March 26, 2016 March 26, 2016 / Advocacy, Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Building on steps the Federal Housing Finance Agency has taken to reform government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac, five housing policy experts have proposed merging the two entities into a new corporation, called the National Mortgage Reinsurance Corp. (NMRC), that would continue risk-sharing initiatives with private investors and …

Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives Read More

Mar 25 2016

Mortgage Delinquencies Fall to Lowest Rate in Nine Years

By Matthew Silver / March 25, 2016 March 25, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to information received by MHProNews from nationalmortgagenews, mortgage loan delinquencies fell to their lowest level in Feb. since 2007, dropping 13 percent month-over-month, and 16 percent from last year to 4.45 percent in Feb. 2016. Black Knight Financial Services states that for the first time in nearly eight years …

Mortgage Delinquencies Fall to Lowest Rate in Nine Years Read More

Mar 24 2016

New Home Sales Rise Two Percent in Feb.

By Matthew Silver / March 24, 2016 March 24, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Buoyed by the 38.5 percent surge in sales in the West, new home sales in the U. S. increased two percent in Feb. to a seasonally-adjusted annual rate of 512,000 units, according to statistics released by the Commerce Department, reports USAToday to MHProNews. The strong numbers from the West overshadowed …

New Home Sales Rise Two Percent in Feb. Read More

Mar 24 2016

MHI’s Daily Testifies about Government Regulation on Housing Costs

By Matthew Silver / March 24, 2016 March 24, 2016 / Advocacy, Business, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

Following MHProNews post from this morning regarding the MHI’s Mr. F. R. Jayar Daily’s testimony before the House Subcommittee on Housing and Insurance regarding the impact of government policies on housing cost, realestaterama reports on the other witnesses who spoke, giving one scant paragraph from Mr. Daily’s statement about manufactured …

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Mar 24 2016March 23, 2016

MHI’s Daily tells Congress MH is Affordable Housing, Give us a Green Light

By Matthew Silver / March 24, 2016 March 23, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

MHI Board of Directors Member F. R. Jayar Daily told a congressional subcommittee on housing and insurance that “Manufactured homes are the most affordable homeownership option in the market today,” but the regulatory burdens and the lack of a secondary market for chattel loans reduce financial access for millions of …

MHI’s Daily tells Congress MH is Affordable Housing, Give us a Green Light Read More

Mar 23 2016

HELP Act Designed to Expand Lending Opportunities in Rural Areas

By Matthew Silver / March 23, 2016 March 23, 2016 / Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News

As nationalmortgagenews tells MHProNews, the Consumer Financial Protection Bureau (CFPB) has put in motion a new rule that expands lenders’ ability to originate qualified mortgages in rural and underserved markets. The agency’s final rule, which will take effect March 31, implements the Helping Expand Lending Practices (HELP) in Rural Communities …

HELP Act Designed to Expand Lending Opportunities in Rural Areas Read More

Mar 22 2016

Investment Writer Touts Financial Performance of MHCs

By Matthew Silver / March 22, 2016 March 22, 2016 / Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Stocks, Trends

Writing in seekingalpha about investing in real estate investment trusts (REITs), Brad Thomas, noting the importance of housing to the overall economy, says following housing trends can lead to wise investing in the market. In particular, the manufactured housing market offers opportunity for REIT investors to outperform the overall market. …

Investment Writer Touts Financial Performance of MHCs Read More

Mar 21 2016

Feb. Existing Home Sales Drop, Falling -17.1% in Northeast

By Matthew Silver / March 21, 2016 March 21, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Existing home sales fell 7.1 percent in Feb. to an annual rate of 5.07 million units, the lowest level since Nov., according to what the National Association of Realtors (NAR) tells MHProNews. Since the new mortgage regulations designed to increase transparency took effect in October, sales have been volatile, prone …

Feb. Existing Home Sales Drop, Falling -17.1% in Northeast Read More

Mar 21 2016

Deer Valley Stock Worth the Risk

By Matthew Silver / March 21, 2016 March 21, 2016 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

Writing in seekingalpha, Brian Grosso tells MHProNews Deer Valley Corp. (OTCQX:DVLY) common stock is undervalued and may be a good investment because the stock is trading so low for no apparent reason. The company survived the disastrous downturn following the housing bubble, during which a number of manufactured and modular …

Deer Valley Stock Worth the Risk Read More

Mar 20 2016March 20, 2016

Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016

By Matthew Silver / March 20, 2016 March 20, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Surprising Solution, Roadblocks to U.S. Affordable Housing Crisis What’s New in Manufactured Housing Industry Professional News Manufactured home communities sell in VA, FL and MN. MHI insists GSEs make individual chattel loans. Letter to editor compliments MH. Community fined for violating Fair Housing …

Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016 Read More

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