According to the Manufactured Housing Association for Regulatory Reform (MHARR), statistics from the U. S. Department of Housing and Urban Development (HUD) reveal HUD Code manufacturers produced 6,078 homes in October, an increase of 18.5 percent over the 5,127 homes in Oct. 2012. Total HUD Code production for the year …
Manufactured Housing Production Rises again in October Read More
As part of their Prefabricated Housing—Global Strategic Market Report, researchandmarkets.com states the manufactured homes segment of the industry accounts for ten percent of housing starts in the U. S., and contributes significant revenues to the entire housing industry, especially since shipments began rising in 2011. While low housing costs particularly …
According to Bank of the West Chief Economist Scott Anderson, many potential home sellers have been watching prices increase on homes, waiting for the right time to sell. He says, “If they see that softening in home prices, I think you will see more potential sellers jump into the market. …
MHProNews has learned the Municipal Planning Commission (MPC) for the District of Willow Creek north of Fort Macleod, Alberta, Canada has approved the application for a couple to move their 2,280 square foot modular home. North of Nanton, it is the second residence on the same parcel of land. Also …
Noting that Oklahoma City is the only larger metro area with a stable homeownership, HousingWire suggests that rural areas may be the next move to find affordable homes. Homeownership in New York is 53.9 percent, while in West Virginia, where the median home value is $98,300, it is 72.9 percent. …
The Woolrich area of South London, once thought of as a dangerous region, is experiencing an “embryonic reinvention” of housing under development, including 60 one and two-bedroom modular apartments with occupancy priority going to households working or living locally earning $62,000 to $81,000 annually. Woolrich Central is comprised of a …
Redevelopment Includes Modular Apartments in London Read More
Modular home builder Fusion Modular Green Construction LLC of Maryland allegedly accepted payments and deposits from customers and then did not fulfill contracts, and was unwilling to refund deposits. State Attorney General Douglas F. Gansler announced the company and its owners, Joshua Samuel Sims and William E. Sims III, are …
The Jump Start federal housing program is credited for backing the construction of seven modular homes in the PrairieView subdivision of Forest City, Iowa in the north central part of the state. A qualified candidate can receive a grant up to $37,500 towards the purchase of a home valued at …
The flooding that ravaged Colorado in Sept. destroyed 154 manufactured homes (MH) and damaged 901 additional MH, displacing thousands of residents in the 11 manufactured housing communities (MHC) in the flood zone, according to Kerri Nelson, the state’s deputy chief recovery officer. Some communities may spring back to life with …
Flooded Manufactured Home Victims Deal with Destruction Read More
The Preserving Access to Manufactured Housing Act of 2013—HR 1779—remedies the unintended consequences of the Dodd-Frank Act that disproportionately affect affordable manufactured home lending. To date, 20 Democrats and 85 Republicans have signed on as co-sponsors of the legislation, indicating momentum is growing, but more support is needed to insure …
In yet another measure of the housing market recovery, the S&P/Case Shiller Home Price Index reveals home prices rose 11 percent from a year ago, the first year-over-year double digit gain since early 2006, before the housing bubble hit its high. The gain over last quarter was three percent, following …
The latest news from the RealtyTrac Residential Sales Report indicates the national median sales price of all residential properties, including distressed and non-distressed, remained at $170,000, the same as Sept., but six percent higher than a year ago Oct. Additionally, HousingWire says this marks the 18th consecutive month of median …
The National Association of Home Builders (NAHB) reports the issuance of new building permits rose 6.2 percent in Oct. to a seasonally adjusted annual rate of 1,034 million units, an increase over Sept.’s 5.2 percent rise to 974,000 units. Of this, multifamily rose 15.3 percent to 414,000 units, while on …
Champion Home Builders opened a second manufacturing facility at its 30-acre Lake City, Florida location this week (Nov. 18, 2013), adding 45 new jobs, according to digital-journal.com. The 70,000 square foot facility re-establishes the Redman Homes manufactured housing brand that has a respected name in the Southeast, but closed in …
Manufactured Home Builder Opens Second Production Facility Read More
The largest Malysian state, Sarawak is one of two Malaysian states on the island of Borneo. Tan Sri Abdul Taib Mahmud is the Chief Minister of Sarawak, one of two Malaysian states on the island of Borneo, and the largest Malaysian state. According to malaysia-chronicle.com, his family won the contract …
A new rule proposed by the Minnesota Dept. of Labor and Industry would require a sprinkler system in all new homes over 4,500 square feet, including manufactured and modular homes, according to redwoodfallsgazette.com. During a tour of Schult Homes with state legislators, Mark Brunner, president of the Minnesota Modular and …
Sprinklers may be Required in Manufactured and Modular Homes Read More
According to the analytic firm Zillow, 10.8 million homeowners still owe more than their house is worth, a drop of over 4.9 million from the high point of Q1 2012, which represents a 21 percent decline when the negative equity peak was 31.4 percent of all homeowners. In Q2 2013 …
Slowing Home Appreciation Means Positive Equity Distant for Underwater Borrowers Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for Nov., the sixth consecutive month of a rating over 50, although the percentage was unchanged from last month. The HMI gauges builders …
MHProNews has learned from dailyyonder.com, while an estimated 470,000 rural veterans live in manufactured homes (MH), they are less likely to live in MH than the rural population as a whole. However, twice as many rural veterans live in MH than veterans as a whole nationally. While rural areas have …
Marking the fastest quarterly growth since the current recovery began, the latest FNC Residential Price Index (RPI) rose 2.5 percent from Q2 to Q3 2013. As HousingWire informs MHProNews, FNC attributes the growth to rising home sales and a drop in foreclosure sales. Nationwide, foreclosure sales accounted for 13.4 percent …
