The National Association of Home Builders (NAHB) reports housing starts fell 2.5 percent in Dec., 2015 to a seasonally-adjusted annual rate (SAAR) of 1.15 million homes, following an upswing in Nov. of 10.1 percent, according to charlotteobserver. Over the year, housing starts had their best showing since 2007, advancing 10.8 …
Dec. Housing Starts, Permits Fall, but Up for 2015 Read More
According to The Wall Street Journal, the National Association of Home Builders (NAHB) reports the gauge of home builder sentiment in the U. S. remained at 60 from December, where any number above 50 indicates builders are positive about the single-family home market. Economists who were surveyed by wsj anticipated …
Retail sales on the year fell to their lowest pace since 2009, climbing only 2.1 percent for the year, the smallest gain since the Great Recession ended, raising concerns about consumer spending going into 2016. As bloomberg informs MHProNews the 0.1 percent drop in Dec., 2015 followed a gain of …
What does collapsing Walmart, other retail sales mean for Manufactured Housing? Read More
Following a story MHProNews wrote about developer Urban Splash building 43 modular homes at New Islington, Manchester, in the UK, on Jan. 5, 2016, the Salford City Council, a borough of Greater Manchester, is expected to approve the construction of 71 modular terraced homes. In addition, the project calls for …
What’s New in public focused Manufactured HomeLivingNews.com Bad and Good – Two Sides – Manufactured Home Living and News Reporting What’s New in Manufactured Housing Industry Professional News Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016 Read More
MHProNews published a story Sept. 22, 2015 regarding private equity firm The Carlyle Group’s collaboration with Pacific Skies Estates, a 93 site manufactured home community (MHC) on the Pacific, and investing $42 million to upgrade the community with new, high-end MH that will be rented. The plan includes building a …
Carlyle Group is one Resident Away from Updating Coastal MHC in CA Read More
Amid the pressing need for affordable housing in this country, as rents rise and incomes remain static, a federal tax law enacted last month may lead to the increased production of affordable rental housing, although the rise may be minimal, according to what housing experts tell nationalmortgagenews. A part of …
New Tax Law will only Increase Affordable Housing Units Tepidly Read More
After receiving what he said were threats following a CBS7 report that his son was allegedly taking advantage of customers in his manufactured home business, Odessa, TX businessman Angel Nabarette said of his son’s business, “If anything needs to be reported, it’s that Five Star Manufactured Homes is ripping people …
Manufactured Home Retailer Allegedly Absconds with Customers’ Funds Read More
GSEs Fannie Mae and Freddie Mac both increased their multifamily loans and credit enhancements business in 2015, totaling $89.6 billion on the year. Freddie edged out Fannie in volume, with Freddie writing $47.3 billion, a 67 percent increase from 2014’s $28.3 billion, while Fannie reported $42.3 billion, a 46% increase …
Government Sponsored Enterprises Grew Multifamily Loans in 2015 Read More
MHProNews has learned from builderonline that the sale of existing homes in Nov. 2015 fell 10.5 percent month-over-month and dropped 3.8 percent year-over-year, according to the National Association of Realtors (NAR). This decline marked the first year-over-year drop since Sept. 2014, despite a strong job market. National Association of Home …
Existing Home Sales Fall, perhaps due to New Disclosure Rules Read More
Opening with an analysis about the dynamics behind mainstream media coverage, MHLivingNews publisher L. A. ‘Tony’ Kovach used that to focus attention on the recent PBS NewsHour report that featured Carla Burr, titled Bad and Good – Two Sides – Manufactured Home Living and News Reporting. Kovach reminds us of the rule of …
Mortgage lenders are reluctant to finance unusual residences because they are difficult to appraise, and if they should fall into foreclosure, they are tough to sell, according to themoretgagereports. The article includes a manufactured home with a couple of barns on ten acres as an unusual asset to evaluate, and …
Four Democratic House Representatives have asked the Justice Department to look into allegations of Clayton Homes and their related lenders alleged targeting of minority borrowers, based on the advocacy journalism of the Seattle Times and BuzzzFeed’s Mike Baker and Daniel Wagner. Baker and Wagner have been described as making a career …
A Peguis First Nation family in Manitoba, Canada, which has been forced to move 15 times since the flood of 2011, moved into a brand new modular home last year only to discover it had faulty ventilation, electrical and structural problems as well as mold issues, according to winnipeg.ctvnews.ca. During …
Problems with New Modular Homes Wreaking Havoc on First Nations Land Read More
Following a story out of Washington, Indiana MHProNews has been covering on which we last reported Dec. 18, 2015, regarding the classification of factory-built homes into three categories for purposes of siting, existing homes would be grandfathered in. If a manufactured home has to be replaced, the replacement home must …
Indiana City Relaxes Restrictions on Replacing Manufactured Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com What PBS NewsHour Missed About Manufactured Home Living Nicole Barker compares her Modular Home with conventional construction What’s New in Manufactured Housing Industry Professional News FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 Read More
The Manufactured Housing Institute informs MHProNews the Federal Housing Finance Agency (FHFA) is seeking comments on its published notice regarding a secondary market for manufactured home loans. While the proposal does not require Fannie Mae and Freddie Mac (the government-sponsored enterprises) to purchase chattel loans, only that they “may” consider …
FHFA “May” Open the GSE Door to Purchase MH Chattel Loans Read More
Regarding the finalized rule recently updated by the Consumer Financial Protection Bureau (CFPB) dealing with the reporting requirements of the Home Mortgage Disclosure Act, the agency now wants public feedback “on the resubmission of mortgage lending data reported under the new regulation,” according to housingwire. MHProNews understands the goal of …
CFPB Seeks Feedback on the Home Mortgage Disclosure Act Read More
MHProNews has leaned from prnewswire that Clayton Homes has partnered with AB Electrolux to offer a complete selection of refrigerators, dishwashers, ovens, washing machines and other household appliances as options for its homes. Each of Clayton’s 36 facilities across the U. S. will be outfitted with Electrolux products. Clayton CEO …
According to a report Monday from the El Paso County Public Trustee’s Office in Colorado Springs, Colorado foreclosure activity dropped to a 14-year low in 2015, as 1,470 foreclosure notices went out to area property owners, the fewest since 1,165 went out in 2001. MHProNews has learned from nationalmortgagenews that …
