While MODS (Modular on Demand Structures) International of Grand Chute, Wisconsin has sold 300 modular homes worldwide converted from shipping containers, Jose Atencio and his girlfriend, Aubrey Lorge, are combining four of the units to make a 1,100 square foot home to be sited in Menasha, WI, the first of …
Company Ships Converted Modular Container Homes Worldwide Read More
Seeking to assist low-to-moderate-income residents, St. Lawrence County, New York will hold a public hearing in Canton to inform people about the $850,000 Community Development Block Grant (CDBG) for which the county is applying to rehabilitate and replace some homes, including manufactured homes. “Almost 50 percent of the households in …
CDBG Funding will Repair, Replace Manufactured Homes Read More
According to columbiatribune, the Consumer Financial Protection Bureau (CFPB) reports baby boomers are carrying mortgage debt into retiring years. The percentage of homeowners 65 and older with mortgage debt rose from 22 percent in 2001 to 30 percent in 2011, and among homeowners 75 and older, the rate more than …
According to seekingalpha, manufactured home community (MHC) owner UMH Properties, Inc. has a high concentration of its communities in Ohio, New York and Pennsylvania, and 80 percent of them are within the Marcellus and Utica Shale regions where energy companies have stepped up drilling for natural gas. UMH says same …
UMH Properties has High Concentration in Energy Development Region Read More
An attempt to site 120 manufactured homes (MH) on a 22-ace plot of land in Taylor, British Columbia, Canada has run into opposition from the District of Taylor Council. Jennifer Hillmer, business development manager for Jandel Homes, said the MH would be on the lower end, filling the need for …
Manufactured Home Subdivision in Canada Receives Cold Reception Read More
With concerns over the high cost of housing in New Zealand, the Auckland Home Show emphasized smaller and more economical options, according to stuff.co.nz. One of the small-living products was modular Ecotech homes, imported from China and then assembled on site. The process from order to completion takes four months. …
Modular Homes being Imported from China to New Zealand Read More
The Fannie Mae Home Purchase Sentiment Index (HPSI) in the last couple of months dropped to 80.8 from it record high set in June of 84.7, although it is up from a year ago and has stayed within a five-point range since one year ago. Fannie Mae Chief Economist Doug …
Housing Sector Continues to Chug Along, although Consumer Confidence Lags Read More
Twin Town Homes was incorporated in Maine 60 years ago and Bob Huatori has been there for 50 of those years, starting as a lot boy when he was 20, becoming president 25 years ago, and inheriting the business in 2006 when the son of the founder, Hayward Luck, passed …
With the only verification of complaints by consumers against companies that there was a transaction of some sort, the mortgage finance industry remains perplexed by the Consumer Financial Protection Bureau’s publishing of unverified and anonymous charges against specific companies in their complaint narrative database. Since many of the complaints contain …
According to the CoreLogic Home Price Index, home prices increased 6.9 percent in July over a year ago, and rose 1.7 percent over June, including distressed sales. Home prices rose 6.7 percent year-over-year if distressed sales are excluded, and were up 1.5 percent month-over-month, as reported by nationalmortgagenews to MHProNews. …
MHProNews has learned from ktvz that Oregon offers first-time homebuyers the opportunity to purchase a home at below-market interest rates, according to Oregon Housing and Community Services (OHCS), including manufactured homes (MH). Using the proceeds from tax exempt revenue bonds, the Oregon Bond Loan program has two options: the first …
Oregon Assists First-time Homebuyers with Low Rates Read More
According to ncconsumer, a bill in the North Carolina House Judiciary IV Committee would no longer require manufactured home dealers to return all payments made on a purchase if the dealer changes the terms of a signed contract. As MHProNews understands, the dealer would only be liable for the initial …
Bill in North Carolina Legislature would Alter Manufactured Home Sale Terms Read More
Writing in MHHomeLivingNews, award-winning writer Jan Hollingsworth recounts the story of the older gentleman, likely a farmer, in bib overalls who visited a manufactured home dealership in Kentucky. After two hours of perusing the possibilities of different homes, he chose one. But when he asked the salesman for help in …
MHProNews is conducting a survey of MH industry professionals to get your opinion of how current rulings, media portrayals of manufactured homes and communities, good and bad, affect sales, and how active do you think MH pros are in addressing political issues. Survey results received to date indicate a low …
The National Association of Realtor’s (NAR) Pending Home Sales Index rose 0.05 percent in July to 110.9, according to forbes, 7.4 percent higher than July, 2014 when the index was 103.3. This follows a drop of 1.8 percent in June to 110.3, as MHProNews reported July 30, 2015. (An index …
What’s New in public focused Manufactured HomeLivingNews.com Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing Mary Zokoe talks Martin Motor Sports, Community Guidelines, More! Inside MH Road Show Video What’s New in Manufactured Housing Industry Professional News CFPB imposed appraisal rule on HPML loans one …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 23-Aug. 30, 2015 Read More
While home values dropped drastically for most of the nation following the housing bubble, the oil-producing states posted housing gains. With crude oil trading at half the price of a year ago, according to nationalmortgagenews, New Mexico, North Dakota, Oklahoma, Wyoming and Alaska may see home prices fall six to …
Ted C. Jones, chief economist and senior vice president for Stewart Title Guaranty Co. in Houston, says financing the buying and selling of houses will be much more difficult when the mortgage disclosure rules go in to effect Oct. 1, as newsok tells MHProNews. “We’re going to continue to have …
Title Company Head says Mortgage Disclosure Rules will Delay Home Sales Read More
Estimates released by the U. S. Census Bureau and the U. S. Department of Housing and Urban Development (HUD) indicate sales of new single-family homes in July rose 5.4 percent over June to a seasonally-adjusted annual rate (SAAR) of 507,000, besting June’s numbers of 481,000. The level is 25.8 percent …
According to the U. S. Census Bureau, home ownership fell to 63.4 percent in Q2, the lowest rate since 1967. Concurrently, renter-occupied units rose by two million from the previous year. MHProNews has been informed by bloomberg that BlackRock Inc., the world’s largest money manager, is jumping in to the …
