home buyers

One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers

By / May 20, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

MHProNews has learned from CNNMoney the top housing markets for buyers are where the inventory is fuller and houses tend to remain on the market for a longer time, giving more opportunity for bargaining strategies. Philadelphia, Cleveland, Chicago, Miami-Fort Lauderdale, Providence, Detroit and Pittsburgh are strong buyer markets, according to …

One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers Read More

Homeownership still Less Expensive than Renting

By / May 19, 2015 / Economy, home buyers, Manufactured and Modular Housing News, Trends

According to a report by Trulia, on a national level homeownership is 35 percent cheaper that renting, up from 33 percent last year. While home prices have risen a little more than rents, lower mortgage rates provide a financial advantage to home buyers. The top five markets where buying provides …

Homeownership still Less Expensive than Renting Read More

Housing Market, including Manufactured Homes, tight in East Texas

By / May 18, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

Speaking of the housing market in Smith County’s Tyler, Texas, realtor Amy Montayne says, “It’s getting crazy now. There are just so many people moving to Tyler, migrating here from other states and big cities. It’s exciting, but we’re working ourselves to death. It’s a very, very competitive market.” According …

Housing Market, including Manufactured Homes, tight in East Texas Read More

Builder Confidence for New Homes Slips in May

By / May 18, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News

According to the National Association of Home Builders (NAHB) Wells Fargo Index, builder confidence for newly built single-family homes has fallen four out of the last five months, dropping to 54 this month from 56 in April. Any number above 50 indicates builders regard conditions as good. According to bloomberg, …

Builder Confidence for New Homes Slips in May Read More

Proposal would Add Modulars to Housing Stock

By / May 18, 2015 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

According to a proposal in North Platte and Lincoln County, Nebraska titled “Project Shot in the Arm for Housing,” to help ease a housing shortage, DEVCO (Development Corporation of North Platte) has applied for a $172,000 grant in Quality Growth Funds (QGF), which would be matched by DEVCO to incentivize …

Proposal would Add Modulars to Housing Stock Read More

Sunday Morning Recap May 11-May 16, 2015

By / May 16, 2015 / Awards, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Zoning

ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …

Sunday Morning Recap May 11-May 16, 2015 Read More

Tribal Member Qualifies for Mortgage on Modular Home

By / May 14, 2015 / Business, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

MHProNews has learned from rapidcityjournal in South Dakota of a Pine Ridge service geared to bringing financial independence to members of the Oglala Sioux Tribe. Mazaska Owecaso Otipi Financial, which translates from Lakota to “Lending Money for Housing,” was founded in 2004 and just qualified its first client, Dawn Holquin, …

Tribal Member Qualifies for Mortgage on Modular Home Read More

Bluffton Adds Modulars to Build Program

By / May 14, 2015 / Factory-Built Homes, Finance, home buyers, Legal, Manufactured and Modular Housing News, Modular

Following a story MHProNews last posted April 11, 2015, regarding a program to site modular homes in Bluffton, South Carolina, as a means of expanding affordable housing, the Town Council voted to add six more homes to the initiative, at under $160,000 each, bringing the total to 30 available homes, …

Bluffton Adds Modulars to Build Program Read More

TV Show will Document Production and Siting of Modular Home

By / May 13, 2015 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

A reality show set to premiere on the DIY (do-it-yourself) network this fall will document the production of a modular home by Commodore Homes in Goshen, Indiana, and follow its route down highways and through La Porte, Indiana to its siting in a neighborhood. “Not everyday (do) you see a …

TV Show will Document Production and Siting of Modular Home Read More

Mortgage Credit Rises, but Remains Well Below the 2006 Peak

By / May 13, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News

In a new report the Mortgage Bankers Association (MBA) said, according to its Mortgage Credit Availability Index (MCAI), availability of mortgage credit rose 0.5 percent in April to 122.0 following an increase in March of 2.3 percent to 121.4. MHProNews has learned from housingwire the index was benchmarked at 100 …

Mortgage Credit Rises, but Remains Well Below the 2006 Peak Read More

Modular Homes in England Targeted to Young Adults

By / May 12, 2015 / Business, Company News, Factory-Built Homes, home buyers, Modular

The British magazine House Beautiful is launching its own line of modular homes aimed at the over three million adult children living with their parents because they cannot afford to rent or buy. Starting at £110,000, about $70,400 at today’s exchange rate, the homes are available in six designs, can …

Modular Homes in England Targeted to Young Adults Read More

Rents are Rising—Manufactured Home Living more Reasonable than Ever

By / May 11, 2015 / Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

A new study of homeownership, home values and income growth from 2000 to 2013 by the National Association of Realtors (NAR) indicates 90 percent of metropolitan housing markets have seen a decline in homeownership rates. Rising home values and static incomes are widening the wealth gap which is leading to …

Rents are Rising—Manufactured Home Living more Reasonable than Ever Read More

Sunday Morning Recap May 4-May 9, 2015

By / May 11, 2015 / Awards, Business, Canada, Communities, Company News, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation

ROC Racks up Two More MHC Co-ops. Legislator Questions HUD Contract. HUD Code Production Rises. Modular Skyscraper Rises Quickly in China. Modular Future Questionable in NYC, as it Gains a Floor in Texas, adds Luxury Complex in Silicon Valley. Cavco Acquires Fairmont. MHCC Seeks MH Multifamily. Google Denied Modular Expansion. …

Sunday Morning Recap May 4-May 9, 2015 Read More

Rising Rents could Forestall Homeownership

By / May 8, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

In a survey of 1,000 millennial renters, rent.com discovered while 57 percent rank affordability as the major consideration, 55 percent stated they would pay an extra $150 month to stay in an apartment they really liked, and 24 percent said they would pay $400 more for that same apartment. Given …

Rising Rents could Forestall Homeownership Read More

Housing Market Recovery Moving Slowly

By / May 7, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Home Builders/First American Leading Markets Index (LMI) tells MHProNews 68 of the 360 metro areas nationwide equaled or exceeded their last normal levels of economic and housing activity in Q1 of 2015. Based on current permit, price and employment information, nationwide the average is running at …

Housing Market Recovery Moving Slowly Read More

Modular Cottages form Small Community in Vermont

By / May 7, 2015 / Communities, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

“A pocket neighborhood is different from a traditional neighborhood because there’s a function: The front porch has to be big enough so you can sit on it on a Sunday morning as your neighbor walks by,” said Bob Provost of Carriage House Modular Homes LLC of South Burlington, Vermont. The …

Modular Cottages form Small Community in Vermont Read More

HUD Code Manufactured Home Production Continues Rising

By / May 4, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

Based on official statistics gathered on behalf of the Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in March hit 5,602, a 14.3 percent increase over the 4,899 homes produced in March 2014. This …

HUD Code Manufactured Home Production Continues Rising Read More

Market for Single-family 55+ Building Remains Strong

By / May 1, 2015 / Business, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Home Builders (NAHB) tells MHProNews that builder confidence in the single-family 55+ housing market remains strong in Q1 2015 despite the index edging down one point to 58 from the previous quarter. This marks the fourth consecutive quarter the Housing Market Index (HMI) has been above …

Market for Single-family 55+ Building Remains Strong Read More

HAS Hires MacFarlane for New Manufactured Housing Position

By / May 1, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

“We believe that the manufactured housing mortgage space is poised to make a comeback in the capital markets,” says Stephan Wheeler, managing director and chairman of HAS Capital, LLC. HAS has just appointed Scott MacFarlane to manage the company’s manufactured housing (MH) funding programs and develop their national originations platform, …

HAS Hires MacFarlane for New Manufactured Housing Position Read More

More Factory-built Homes Rise on Long Island

By / April 30, 2015 / Business, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

MHProNews has learned from riverheadnewsreview on Long Island, New York that single-family home construction has risen in Riverhead Town, nearly doubling last year over 2013, including factory-built homes. Although it is considerably less than the 381 permits let in 2002 and 271 in 2003 in the run-up to the housing …

More Factory-built Homes Rise on Long Island Read More

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