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Commission Candidate wants more Manufactured Housing in North Dakota

Entering the race for a county commission seat in Williams County, North Dakota, Jon Kreil says he wants to re-establish a sense of community, according to willistonherald.com. He has spent time on the Williston Affordable Housing Committee as it seeks to define affordable housing in an area where a 700 …

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Pooling Resources for Manufactured Housing, or Pulling them Apart?

In a commentary by MHProNews.com‘s publisher L. A. ‘Tony” Kovach, noting a recent advertisement by the Manufactured Housing Association for Regulatory Reform (MHARR) targeted to industry lenders who are members of the Manufactured Housing Institute (MHI) in an attempt to have them join MHARR, he alludes to a 1971 Pogo …

Pooling Resources for Manufactured Housing, or Pulling them Apart? Read More

Michigan can Assist Manufactured Home Buyers

The Michigan State Housing Development Authority already offers first time home-buyers assistance through its Mi First Home program, and now it is offering assistance to repeat buyers, including those who want to buy a manufactured home. The Mi Next Home program can provide up to $7,500 in down payment assistance, …

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Bill Establishing Manufactured Housing Task Force Filed

Following up on an article MHProNews.com published Feb. 18 regarding the possible closure of the Applewood Park manufactured housing community (MHC) in Midvale, Utah, state representative Tim Cosgrove (D-Murray) has introduced HB 108 that would establish a task force to identify issues dealing with manufactured home ownership. Noting 10,000 seniors …

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Existing Home Sales Drop in January

The National Association of Realtors (NAR) reported existing home sales fell to the lowest level in January since July 2012 as low inventory sent home prices higher. Total existing home sales fell 5.1 percent to a seasonally-adjusted annual rate (SAAR) of 4.62 million last month from 4.87 million in December, …

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Secretary Donovan calls for Housing Trust Fund

U. S. Housing and Urban Development Secretary Shaun Donovan, noting that a housing trust fund needs to be established that supports $5 billion in affordable housing production a year, says the congressional GSE (government-supported enterprise) reform legislation that eventually eliminates Fannie Mae and Freddie Mac needs to include such a …

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Manufactured Housing Community Owner Plans Redevelopment

Landmark Properties wants to redevelop the 56-site Arrowhead Village manufactured housing community (MHC) in Flagstaff, Arizona into a 191-unit student housing complex. As the azdailysun.com reports, a meeting designed to meet the city’s zoning requirements and introduce the project to the public drew 100 people who wanted to know about …

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Homebuilder Confidence Drops in January

Unusually severe weather combined with a shortage of available lots and labor led homebuilder confidence to fall ten points to 46, as determined by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The survey gauges current sales conditions, sales expectations in the coming six months, and …

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Mortgage Rates Rise Slightly as Mortgage Apps Drop

Mortgage applications continued to fall compared to the previous week, falling 4.1% for the week ending Feb. 15, as the refinance share of mortgage dropped slightly to 61 percent of all apps. As the purchase index slipped 6% from one week earlier, the refinance index dropped three percent from the …

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Housing Market Stymied by Rising Home Prices, Poor Jobs Report

While a tepid jobs report greeted the new year, leading to a slow start for the housing market, mortgage rates actually fell from early January to early February in the U. S., resulting in opportunities for refinance activity, according to worldpropertychannel.com. Noting that job and income growth are necessary for …

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Housing Starts Fell in January

According to newly-released figures from the Census Bureau and the U. S. Department of Housing and Urban Development (HUD), housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, reports the National Association of Home Builders (NAHB). Of these, single-family housing starts accounted for …

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Missing Households

According to ycharts.com, on average about one million new households are created each year, but since the recession that has dropped to 500,000, spurring trulia.com to say there are “2.4 million” missing households. In his 2011 Berkshire Hathaway shareholders letter, Warren Buffett says, “People may postpone hitching up during uncertain …

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Wisdom Homes Opening Second Retail Center

Technology-based internet marketing services company SearchCore, Inc. of Lake Forest, California announces plans to open its second Wisdom Homes of America, Inc. manufactured home retail center, according to globenewswire.com. As MHProNews.com reported Feb. 4, 2014, Wisdom was set to open its first retail center in Rhome, Texas. The newest operation …

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New Home Sales Rise in January

According to a Mortgage Bankers Association (MBA) survey of mortgage companies owned by homebuilders, sales of new homes rose 35 percent in January following two months of tepid sales. The survey estimates builders sold 38,000 new homes in January, indicating strong demand in some parts of the country, and bodes …

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Texas Stats for Manufactured Home Sales

The Texas Manufactured Housing Association (TMHA) reports revised figures for October indicate new manufactured home sales were 913 units, marking the fifth highest monthly total on the year. While the new sales percentage change from Sept. was -7.84 percent, change from same month last year was up +2.62 percent, and …

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Regulations Proposed for Manufactured Home Communities in Tennessee

Representatives from Clayton International Homes in Middlesboro, Kentucky and members of the Claiborne Planning Commission (CPC) in Clairborne County, Tennessee discussed new regulations governing manufactured homes being sited by their owners on privately-owned land. CPC Chairman Jerry Brooks wants to make sure roads in the developments are adequate for emergency …

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Australia: Moving Manufacturing to Modular

Due to a number of factors, manufacturing has declined in Australia, especially in the food and automobile industries, and two staff members of Curtin University have suggested resources be turned to the modular housing market. Jemma Green and Peter Newman say the off-site housing market is a $90 billion industry …

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Modular Home at Home Show

The 70th annual Seattle Home Show, which runs Feb. 15 through Feb. 23 at Century-Link Field Event Center, will include a modular home among the several homes on display. As theolympian.com informs MHProNews.com, Timberland Homes will have an 1,800 square foot modular beach house, the Kingston. ## (Image credit: Timberland …

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Modular Home Builders Come Together

The Modular Home Builders Association (MHBA) is promoting a new initiative to unite all modular home builders under one roof, according to modularhomecoach.com. Executive Director Tom Hardiman says, “For years, the modular home industry has been fragmented and disjointed, underserved and underrepresented by committees, councils and for-profit entities that have …

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Manufactured, Modular Homes Filling North Dakota Project

Five hundred thirty acres of former farmland in Minot, North Dakota are set to become a new planned community of 2,000 residential units around a hub of commercial and retail space, including a park and trail system. Infrastructure work began last year to support the development, which includes what is …

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