The Delaware Sustainable Energy Utility says thousands of Delawareans are living in energy inefficient manufactured homes whose residents are spending twice as much per square foot on energy costs, according to wdel107fm. Tony DePrima, executive director of the state-created organization, said his staff is working on a pilot program that …
Pilot Program will Provide Energy Efficient Manufactured Homes in DE Read More
A proposal by UMH Properties, Inc. originally presented ten years ago for 253 modular homes in Coxsackie, New York has re-emerged as a manufactured home community (MHC) development with 161 homes. The original plan ran into community opposition as well as a threat to an endangered bird species and a …
UMH Properties Alters Plans from Modular to a Manufactured Home Community Read More
The Kentucky Housing Corporation (KHC) is offering $6 million in loans at a one percent, fixed-rate, 30-year mortgage for low-to-moderate income homebuyers in the SOAR (Shaping Our Appalachian Region) area of Kentucky, according to an announcement by Lt. Gov. Crit Luallen. Established in 2013 by Gov. Steve Beshear and Rep. …
The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures …
Overall U. S. home starts fell 11.1 percent in May after notching the largest monthly gain in 24 years in April, according to usnews. While May’s figures were 5.4 percent above a year ago, the rate at which homebuilders began new homes in May was 1.036 million, a drop from …
While Home Starts Fall, Housing Permits Rise in May Read More
“I have learned that there’s a big need for low-income families to get some help,” says Robin Davis, of Davis Homes, a manufactured and modular home dealer in Peachland, North Carolina, reports ansonrecord. She says in the year since the business opened, about 400 people have come in and many …
Davis Homes in NC Offers Paths to Manufactured Home Ownership through USDA Read More
From a hearing June 11, 2015 from the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Department of Housing and Urban Development” at which Rep. Ed Royce (R-CA) questioned HUD Secretary Julian Castro about the need for housing finance reform, and bank lenders leaving …
With the population of La Plata County, Colorado expected to increase by 52 percent over the next two decades, 790 dwelling units will need to be built annually to meet the demand, according to a study by the La Plata County Regional Housing Alliance (RHA). Using data from the Colorado …
Manufactured Homes Planned for Durango, but More could be Justified Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June, more than expected, from 54 to 59 points, hitting its highest level since September, 2014, indicating confidence among home builders. While any number above 50 indicates builders see conditions as favorable, Reuters says …
In a blog from thehill, former Oklahoma Governor Frank Keating, now president and CEO of the American Bankers Association, noting June is American Housing Month, says he hears from bankers across the country who tell him regulations are standing in the way of homeownership. He says nearly two-thirds of Americans …
Expanding Portfolio Loans could help Consumers Purchase Homes Read More
While the focus of homebuilding has been on the larger homes, the future may see more moderately priced smaller homes as the industry tries to lure consumers, especially first-time buyers, back into the homeowner fold, as the National Association of Home Builders (NAHB) tells mpamag. However, Census Bureau data reports …
Since President Obama entered the White House real estate has been the best investment in terms of returns, specifically real estate investment trusts (REITs), companies that own a variety of properties, or just one type of investment. According to cnnmoney, investors have bought REITs during the recovery from the recession …
REITs have been a Good Investment during the Economic Recovery Read More
A survey by the Associated General Contractors of America (AGCA) found last year that 83 percent of construction firms had difficulty filling carpenter, laborer and equipment operator positions, according to wsj. Nearly 2.3 million construction jobs disappeared between April 2006 and January 2011, 40 percent of that particular workforce. As …
If Demand Surges for New Homes, Who will Build them?? Read More
Consumers who purchase an Energy Smart Home™ from Clayton Homes between now and Aug. 29 will receive up to $3,000.00 towards their first year’s utility bills, according to what virtualpressoffice informs MHProNews. Clayton CEO Kevin Clayton said, “We’re going to give consumers a jumpstart on those savings by providing an …
Clayton Homes offers Incentive to Buy Energy Efficient Home Read More
The aphorism that to own your own home was the American Dream, and that with a little more initiative you could have your very own Dream Home, has proven to be more elusive. As builderonline says, “The fact that easy and crazy lending made ownership possible does not mean that …
Market Conditions are Ripe for Manufactured Housing to Fill A Void Read More
In manufactured housing news, L. A. “Tony” Kovach defines path to revitalize the MH industry, while one MH supplier picks new head, another MH producer closes, HUD Code production continues rising, MHC reverting to stick-built homes, Cavco seeks tax abatement, AZ MHC closing, Sen. Donnelly and MHI’s Jennison defend H.R. …
In his fourth installment on General Manufactured Housing Industry Topics, MHProNews and MHLivingNews publisher L. A. “Tony” Kovach says getting Realtors ® involved in the sale of manufactured homes can be a mutually profitable proposition. “We believe there is obvious value in having real estate agents who already know manufactured …
Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship Read More
Falling to the lowest level since Q1 2012, the average down-payment for single-family homes, condos and townhouses purchased in the first quarter dropped to 14.8 percent of the purchase price, a slight decrease from 15.2 percent the previous quarter and 15.5 percent a year ago, according to what RealtyTrac tells …
Drop in Down Payment Signals Uptick in First-time Home Buyers Read More
MHLivingNews and MHProNews publisher L.A. “Tony” Kovach follows the time line formation of renter households versus homeowner households, from the New Deal’s attempts to increase homeownership in 1933 to present day attempts, correlating Fannie Mae and Freddie Mac expansion with economic programs, artificially induced interest rates and subsidies to stimulate …
Through a series of interviews with manufactured housing industry professionals, politicians and consumers and a bevy of statistics and graphs, MHLivingNews and MHProNews publisher L. A “Tony” Kovach documents the pitfalls and stumbling blocks that prevent manufactured housing from becoming a major player in meeting the growing need for affordable, …
The Path to the Rebirth of the Manufactured Housing Industry Read More
