Oracle of Ohama Warren Buffett says Obamacare should be eliminated because the average citizen will suffer the most without changes to the plan. He adds health care costs need to be controlled before providing health insurance to everyone, otherwise continuing as we are will lead to less competition. As newsbusters.org …
A “future-of-housing” forum sponsored by the National Association of Home Builders (NAHB) in Washington, D. C., with housing industry experts and Senators Bob Corker (R-TN), Jon Tester (D-MT) and Johnny Isakson (R-GA) indicated most participants agree the private sector should play a greater role in mortgage financing, but with some …
Support for Governmental Backstop for Mortgage Financing Remains Read More
An affordable housing complex in Regina, Saskatchewan, Canada is set to include modular homes as part of a project to finance 1,000 new entry-level homes over five years. Builders are eligible for loans of 90 percent of construction costs of the homes, including the land, at four percent interest. With …
According to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), builder confidence in the market for new, single-family homes remained unchanged in Sept. at 58. “While builder confidence is holding at the highest level in nearly eight years, many are reporting some hesitancy on the …
In yet another testament to the spreading of manufactured housing sales radiating from the Bakken oil fields in western North Dakota, Shult Homes of Redwood County in southwestern Minnesota is feeling the flourish of the upturn. Shult’s Jeff Wedan says the positive effect is hitting the manufactured home industry in …
Bakken Continues to Spur Manufactured Home Industry Read More
In Ortley Beach, New Jersey, adjacent to Seaside Heights, where 2,200 of 2,400 bungalows were damaged or wiped out by Hurricane Sandy, builder John Westrum is beginning to replace some of them with modular homes, recently completing a model home. He says many of the bungalows are 60-years old and …
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at the full committee hearing on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report with Director Richard Cordray. “This morning we welcome Director Richard Cordray, Director of the CFPB, to deliver the bureau’s latest semi-annual report. Mr. …
Mortgage applications fell 13.5 percent from last week, and the 30-year fixed-rate mortgage rate rose from 4.51 percent to 4.57 percent this week, according to HousingWire. Mortgage Bankers Association (MBA) reports the Refinance Index fell 20 percent from the previous week, and 71 percent from the week of May 3. …
The Evergreen (Washington) Habitat for Humanity has partnered with Evergreen and Mountain View high schools’ Math in Construction classes to construct a 1,100 square foot modular home for a single mother and her two sons. The year-long project marks the 29th home for this chapter of Habitat, as columbian.com informs …
The National Association of Home Builders (NAHB) is sponsoring a forum on housing, Building a Better Future: America’s Housing at a Crossroads, Tue., Sept. 17, 2013 at the Newseum in Washington, D. C. Hosted by CQ Roll Call, a provider of Congressional news and legislative tracking, the free event will …
The foreign press has picked up an advertorial, evidently from the Michigan Manufactured Housing Association in Okemos, MI, promoting manufactured housing communities (MHC). The Middle East North Africa Financial Network (MENAFN) emphasizes the ideal amenities, options, services, and other positive attributes of living in an MHC in MI, although with …
Rep. Patrick McHenry, (R-N.C.) rapped Consumer Financial Protection Bureau (CFPB) Director Richard Cordray for suggesting credit unions make mortgages to borrowers they see as a reasonable credit risk even though they fall outside the guidelines of the qualified mortgage (QM) rule. Rep. McHenry says that is opening the door for …
The lack of first-time homebuyers who are choosing to rent or remain with their parents is causing concern among industry experts. In addition, many young adults only remain at their jobs for two of three years resulting in the lack of interest in being tied to a mortgage. MHProNews has …
Housing Recovery Sidetracked by Dearth of First-Time Homebuyers? Read More
A National Association of Home Builders (NAHB) survey reveals a shortage of buildable lots is contributing to the lack of a more robust housing market recovery. “In our August 2013 survey, 59 percent of builders reported that the supply of lots in their markets was low or very low—up from …
Updating a story MHProNews initially developed July, 1, 2013 regarding the siting of the first of five modular homes by Indy Mod Homes in Indianapolis, builder Ursula David, in her first foray into the modular home industry, has moved into the home, according to ibj.com. Sited just northeast of downtown …
RSI’s modular home factory in Mira Loma, California has begun production once again, as pent-up demand, rising home prices, low for sale inventory and the need for affordable housing hits southern CA. Acquiring land during the housing downturn, the company has 100 lots in Orange County, plus numerous in-fill lots …
In an opinion piece in the santacruzsentinel, Mardi Brick says since California eliminated funding for redevelopment programs in 2011, 20 percent of which was for affordable housing initiatives, more people on limited incomes are turning to manufactured homes. Noting there are 92 manufactured housing communities (MHCs) in Santa Cruz County, …
Measure would Build more Affordable Housing in California Read More
The nation-wide nonprofit Next Step has assisted over 100 families obtain new, energy-efficient manufactured homes, often replacing energy-sucking, deteriorating factory-built homes from pre HUD-Code days. The organization has partnered with industry giant Clayton Homes to open the door to home ownership of Energy Star qualified dwellings, projecting residents will save …
Home prices have risen for the 17th consecutive month, according to CoreLogic’s house price index, increasing 1.8 percent nationally July over June, 2013. “Home prices continue to climb across the nation in July with markets hit hardest during the downturn leading the way,” said Anand Nallathambi, president and chief executive …
According to the Curry County Assessor in Oregon, 25 to 30 percent of all the housing stock in the county is manufactured housing (MH), and roughly half of those were built before 1980. While the Housing and Urban Development—HUD Code–standards took effect in 1976, minimum regulations that initially covered MH …
Program to Help Residents Replace Aging Factory-built Homes Read More
