Pure Advantage, a nonprofit organization in New Zealand, intends to build hundreds of modular homes to meet the housing crunch brought on by the Feb. 2011 earthquake that devastated Christchurch and killed 185 people, as MHProNews.com last covered Dec. 30, 2013. Set up three years ago to promote a greener …
While the latest quarterly report from the National Association of Realtors (NAR) reveals the vast majority of metropolitan areas continued to experience strong year-over-year price growth in Q4 2013, a companion metro area annual affordability report pictures less favorable conditions, particularly in the West. According to housingwire.com, with 119 out …
NAR: Housing Affordability Hindered by Stagnant Incomes Read More
Fannie Mae has collected nearly $14 billion from eight mortgage lenders since the start of 2013 for repurchase claims, and just agreed to $591 million from Wells Fargo, which will mark the end of its efforts to collect on defective loans it bought from private lenders during the the peak …
Following up on the manufactured housing statistics for 2013 MHProNews.com posted Feb. 4, the Manufactured Housing Institute (MHI) reports total floors shipped in December 2013 were 6,289, an increase of 15.1 percent compared with December 2012. As shipments increased 9.7 percent year-over-year, the number of plants reporting increased by one …
MHProNews.com has learned from asburyparknews.com in New Jersey, Wells Fargo Home Mortgage told a family displaced from their home by Hurricane Sandy in Oct., 2012 they could not use their insurance check to purchase a modular home. It would cost $300,000 to repair the home in Brick, NJ, and they …
Sandy Victims Initially Denied Modular Home Rebuild Read More
According to multihousingnews.com, government services enterprise (GSE) Fannie Mae reports in 2013 it provided $28.8 billion in multifamily finance, covering 507,000 multifamily units. Over 85 percent of of the multifamily units financed by Fannie Mae in 2013 were affordable to tenants earning at or below the median income in their …
Fannie Mae Loans for Manufactured Homes Rise in 2013 Read More
According to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), markets in 58 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, a net gain of two points over last month. Based on current …
A study commissioned by the National Association of Home Builders (NAHB) and conducted by GuildQuality, a leading provider of surveys for the residential building industry, revealed the satisfaction level of purchasers of National Green Building Standard homes. Key findings of the study indicate: 94% would recommend a green home to …
A Mortgage Bankers Association (MBA) report says mortgage applications nudged up 0.4 percent for the week ending Jan. 31 from the previous week, while refinance mortgage activity remained at 62 percent of mortgage applications. While the refinance index grew 3% from the previous week, the purchase index declined 4% from …
Panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas says strong demand for apartments will increase over the next several years. Says NAHB chief economist David Crowe, “The multifamily market has rebounded significantly from its trough in 2009 at …
According to RealtyTrac, the average profit of the 156,862 single-family homes flipped in 2013 was $58,081, accounting for 4.6 percent of all U. S. single-family home sales in 2013. Flipped homes accounted for 7.1 percent of all sales in Q4 2012, the highest flip percentage since the survey began in …
Under the terms of agreement with state consumer protection officials, Brady Sullivan Properties has agreed to repair defective modular homes it sold to residents of the Paugus Woods community in Laconia, New Hampshire, and buy back the five worst homes at the original price. The settlement requires Brady Sullivan to …
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews.com that U. S. Congressman Randy Forbes (R-Chesapeake) has signed on as co-sponsor of the Preserving Access to Manufactured Housing Act (HR 1779). He joins fellow Virginians Rep. Bob Goodlatte (R-Roanoke) and Rep. Robert Hurt (R-Chatham) as supporters of the legislation. …
Preserving Access to Manufactured Housing Act Garners Support from Rep. Forbes Read More
Following a story MHProNews.com first posted Jan 31, 2014 regarding Search Core, Inc.’s launching of manufactured home retail centers named Wisdom Homes of America, Inc., marketwatch.com reports the first full service center will open in Rhome, Texas Feb. 15. The lease includes 2,000 square feet of office and light warehouse …
Wisdom Homes Opening First Manufactured Home Retail Center Read More
The National Association of Home Builders (NAHB) reports in their 55+ Housing Market Index (HMI) that builder confidence has risen sharply for Q4 2013, compared to the same period last year, in all three segments—single family homes, condominiums, and multifamily rental. Based on a survey that asks builders if current …
The Santa Monica-based design studio Minarc partnered with Habitat for Humanity and non-profit Restore Neighborhoods LA to build three modular, net-zero energy homes in the poorest neighborhood of South Los Angeles. Using Minarc’s interlocking panel system, called mnmMOD, framing and construction of the home can be completed in as little …
Quick Assembly Modular Homes Land in South Los Angeles Read More
Bob LeClair, executive director of the Maine Manufactured Housing Board, in anticipation of the weekend’s model show for factory-built homes at the Civic Center in Augusta, noting the resurgent interest in off-site built homes, says, “Back in 2006, before we had the big drop in the market, modular homes and …
As MHProNews previously reported Jan. 7, 2014, home prices in the U. S. rose 11.2 percent in November, and CoreLogic says they rose the same amount for the third quarter 2013, as compared to last year. The report, which measures price trends in over 380 markets, reveals prices were 17 …
The National Housing Corporation (NHC) in Kenya, in east central Africa on the Indian Ocean, plans to build 30,000 modular housing units this year—10,000 low income units and 20,000 built in conjunction with landowners as well as county governments. Government statistics show there is a need for 150,000 low income …
The omnibus spending bill that Congress passed and the president signed to keep the federal government operating through 2014 includes provisions relating to manufactured housing. One in particular specifically requires the secretary of Housing and Urban Development (HUD) select an administrator of the Office of Manufactured Housing within 120 days …
Government Budget Includes Manufactured Housing Provisions Read More
