Noting the growing trend of retirees downsizing to homes that are more manageable and affordable, monroemonitor.com in Monroe, Washington suggests there is a growing market of used manufactured housing in 55+ retirement communities that with a little elbow grease can lead to living well, green and stylish. By replacing the …
Age-restricted MHCs offer Strong Sense of Community Read More
Just when lenders might have thought they were protected from ability to repay (ATR) loans because originating qualified mortgages (QMs) provided safe harbor, it turns out that under the Truth in Lending law a borrower can allege the lender engaged in unfair and deceptive acts (UDAP) that led to the …
The Qualified Mortgage Safe Harbor may have Washed Away Read More
Sales of newly-built single-family homes rose briskly 18.6 percent in May to a seasonally-adjusted annual rate (SAAR) of 504,000 units, the highest rate since May of 2008, according to data collected by the National Association of Home Builders from the U. S. Census Bureau and the Department of Housing and …
Updating a post MHProNews published May 12, 2014 concerning the Department of Housing and Urban Development’s (HUD) increase of $95 to $105 for manufactured home per floor label fees in an attempt to help defray the program costs, the Manufactured Housing Institute’s (MHI) response suggested HUD develop a formula for …
A survey by the MacArthur Foundation reveals the affects of the housing downturn on Americans along racial lines. From the get go, whites are more likely to own homes, and those homes are just as likely to be in neighborhoods where home values appreciate. Blacks and Latinos were more likely …
In an article on MHProNews, Ross Kinzler, Executive Director of the Wisconsin Housing Alliance, noting in the three years immediately following implementation of the HUD Code in 1976, one million manufactured homes (MH) were produced. The next million took four to five years to produce, and more recently, twelve years …
Kinzler: MH Production Status Quo is not Acceptable Read More
David Rockwell, an architect know for luxurious restaurants, hotels and theatres is teaming with Fred Carl of appliance company Viking Range to produce a line of luxury modular homes called C3 Design, Inc., according to fastcodesign.com. The first one, “Pinwheel,” is 2,400 square feet, four rectangular rooms arranged around a …
Upscale Architect Designing Compact Luxury Modular Homes Read More
Julian Castro, current mayor of San Antonio and President Barack Obama’s nominee to be the next secretary of the Dept. of Housing and Urban Development (HUD), was grilled during his Senate Banking Committee confirmation hearing about cities using eminent domain to condemn mortgages by Sen. Patrick Toomey (R-PA), according to …
Nominee to Head HUD Testifies before Senate Banking Committee Read More
Single-and multifamily housing starts both fell in May as production dropped 6.5 percent to a seasonally annual adjusted rate (SAAR) of just above one million, according to figures from the Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts dropped 5.9 percent to a SAAR …
Manufactured housing communities (MHCs) may be an environmentally friendly solution for housing the millions of retiring Baby Boomers, and are often safe, pleasant areas that provide a sense of community, ideal for retirees, according to motherearthnews.com. Noting 20 million Americans live in MH, the Manufactured Housing Institute (MHI) estimates 23 …
Manufactured Homes: Solution to Need for Baby Boomer Housing Read More
MHProNews has learned from farmingtonindependent.com of Minnesota a 1977 Marshfield manufactured home that has been abandoned by Richard Brown in the Country View of Lakeville manufactured home community (MHC) will be sold at public auction by the sheriff of Dakota County. The amount of the claim against the property is …
In a revision to a post MHProNews published June 3, 2014 regarding HUD Code home production in April, 2014, the Manufactured Housing Institute (MHI) reports 5,718 homes were shipped that month, upwardly revised from the 5,653 homes we previously reported, a 7.5 percent increase over April, 2013. Total floors shipped …
Builder confidence for single-family, newly-built homes rose four points to 49, one point shy of the mark for what is considered “good” building conditions. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The result of a monthly survey NAHB has been conducting for 30 years, …
Single-family Home Builders One Point more Confident Read More
Updating a story MHProNews posted June 12, 2014 regarding theft charges against Wyoming Homes owner David Valenti of Moosic, Pennsylvania, citizensvoice.com reports he is also entangled in a dispute over property he leased and then allegedly refused to vacate after it was sold in April, 2013, leaving behind a manufactured …
In a letter to “Anne” of the democratandchronicle.com in Rochester, New York, a manufactured home community resident says he wants to sell his home, and after submitting a written notice to the community manager was told he is not allowed to put a sign on the house, has to offer …
From more than 600 pages of tables published by the Census Bureau/Department of Housing and Urban Development (HUD) concerning home building in 2013, nationalmortgagenews.com has determined of the 569,000 new homes built last year, only 429,000 were sold, although the remainder likely sold in Q1 of 2014. However, the total …
For the second quarter ending May 3, 2014, Nobility Homes (NOBH) reports sales increased 94 percent over the same period last year, $7,416,086 versus $3,813,619 Q2 2013. Net income after taxes was $284,900, compared to a loss of $47,021 last year. According to marketwatch.com, diluted earnings per share rose from …
Although some 10,000 Baby Boomers reach retirement every day, leaving the workforce (between 2006 and 2012 the number of working boomers fell by nine percent) and child rearing days behind, Patrick Simmons, with Fannie Mae, says contrary to popular belief they are not downsizing and moving to multifamily residences. He …
Seattle, San Francisco, San Jose, Los Angeles, and San Antonio are the top five housing sellers markets, according to Zillow.com. These cities have the shortest selling time and sold prices are often at or above asking prices. Chicago, Cleveland, Pittsburgh, Tampa and Philadelphia are the best for buyers because they …
Housing Sellers’ Markets? Go West. Buyers Markets? Eastern U. S. Read More
The owner of Wyoming Homes in Moosic, Pennsylvania has been charged with theft for allegedly receiving down payments for modular homes and neither delivering the goods nor returning the money. According to citizensvoice.com, David Valenti has been charged by Luzerne County detectives in their criminal complaint with two counts of …
