The Dodge City (Kansas) Commission listened to a group of south Dodge City residents voice disapproval of plans for a 12 modular home development, with one remonstrater referring to them as “trailers,” saying property values will suffer as the result. According to dodgeglobe.com, the city’s planning and zoning board approved …
Proposed Modular Development Approved by Planning and Zoning Board Read More
According to the Manufactured Housing Institute (MHI), before leaving for the August Recess, the House of Representatives passed legislation (H.R. 5062) amending the Consumer Financial Protection Act (CFPA) – which is Title X of the Dodd-Frank Act – to provide protection against waiver of state and federal law privileges for …
Plans to site 166 new modular homes in a proposed development in Vancouver, British Columbia, Canada on both sides of the South Alouette River are raising concerns with nearby residents—and the eyebrows of district staff. The increased density for the area would move from 2.5 residential units per hectare (nearly …
Modular Housing Development to Straddle Canadian River Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the “Duty to Serve Underserved Markets” as it applies to manufactured housing, according to the Housing and Economic Recovery Act of 2008 (HERA), will be “revisited” under Melvin Watt, the new head of the Federal Housing Finance Agency (FHFA). …
Residents of Los Angeles use a larger portion of their paycheck for housing than people in San Francisco, New York or Miami. “They’re bottom earners living in a high-priced housing market,” said Dowell Myers, a policy, planning and demographics professor at the University of Southern California in Los Angeles. Lower-income …
Los Angeles Singing the ‘Rising Housing Cost Blues’ Read More
According to the Manufactured Housing Association for Regulatory Reform, the U. S. Department of Housing and Urban Development (HUD) statistics reveal that production of manufactured homes jumped 18.4 percent in July over July 2013, 5,675 HUD Code homes this year as compared to 4,793 produced in July 2013. On the …
HUD Code Production Rises Nearly 20 Percent in July Read More
The Pending Home Sales Index (PHSI) rose 3.3 percent in July over June to 105.9, marking an increase in the National Association of Realtors (NAR) measuring stick for four of the last five months, with three of the four regions registering an increase. While still below July, 2013 (108.2), according …
Following a story MHProNews last published July 2, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer assistance to ten qualified residents to purchase modular homes, the town is now considering expanding its Small Home Series program, since eleven people have inquired about the …
Manufactured Homes may be Included in SC Affordable Housing Plan Read More
According to numbers released by the U. S. Department of Housing and Urban Development (HUD) and the U. S. Census Bureau, sales of newly-built single-family homes dropped 2.4 percent to a seasonally-adjusted annual rate of 412,000 units in July. Initially, according to the National Association of Home builders (NAHB), sales …
Although existing home sales rose 2.4 percent from last month to a seasonally-adjusted annual rate of 5.15 million in July, the highest rate of 2014, they are down 4.3 percent from last year, according to housingwire.com. Last July’s 5.38 million unit level, the highest for 2013, includes single-family homes, condos, …
A new manufactured housing community (MHC) is being developed in Courtland Township in western Michigan on the site of a former MHC, and the 55 and older community may eventually include up to 700 two and three-bedroom homes. The Oaks of Rockford will begin with 150 homesites at $375 a …
A post on mortgagegrapevine.com reports someone attempting to buy a manufactured home in a community in Southern California is seeking a lender. The borrower is asking for $269,500, has full documentation, a FICO score of 569, and the loan-to-value ratio is 70 percent. MHProNews offers excerpts from two of the …
According to RealtyTrac, all-cash deals comprised 38 percent of all home sales in the second quarter of 2014, a drop from 42 percent in Q1 2014, as institutional buyers—those buying at least ten homes annually—are finding good deals drying up. They accounted for 4.7 percent of all home sales, a …
All-cash Home Sales Fall Nationally, Save Several Metros Read More
Spurred by strong single-family and multifamily growth, housing starts for July rose 15.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.093 million units, the highest rate since Nov. 2013, as reported by the U. S. Department of Housing and Urban Development (HUD) and the U. S. Census Bureau. According …
Single and Multifamily Housing Starts Rise in July Read More
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions increased two percent from June to July, but dropped 16 percent from a year ago, reports worldpropertychannel.com. “July was the 46th consecutive month where U.S. foreclosure activity was down on a year-over-year basis,” said Daren Blomquist, vice president at …
According to housingwire.com, an article in the New York Post reports the National Association of Realtors (NAR) has asked the Federal Trade Commission (FTC) to block the $3.5 billion takeover of Trulia by Zillow due to anti-competition concerns. Although the two companies will remain separate entities, their combined 86.4 million …
A five-partner company in Missoula, Montana is converting used steel shipping containers into 192 square foot modular homes complete with bath, kitchen and all appliances including a washer/dryer, and aims to complete the conversion for each home in 30 days, according to missoulian.com. The principals in Montainer have engineering, construction …
Modular Container Homes: Order Online, Delivery Truck Arrives Read More
Bringing the index to its highest number since January, builder confidence for newly-built single-family homes rose two points to 55, according to the survey by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), the third consecutive monthly gain. The HMI measures builder perceptions of current single-family …
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey reports mortgage apps fell 2.7 percent on a seasonally adjusted basis for the week ending Aug. 8, 2014. The index fell three percent on an unadjusted basis, according to worldpropertychannel.com. The Refinance Index fell four percent from the previous week, while …
A recent Gallup Poll reports that people are grim about the state of the economy, with an economic confidence of -17, which is the difference between those saying it is getting better and those who say it’s getting worse. Although it has improved substantially since the -39 reading in Nov. …
Economic Numbers Sizzle; Consumer Confidence Fizzles Read More
