In a session with Zillow CEO Spencer Rascoff, President Obama fielded housing-related questions coming in via social media. Noting the recession and corresponding drop in home values was unlike anything seen in many years, he said refinancing could save homeowners $3,000 a year, although the housing market, while recovering, remains […]
President Obama Discusses the U. S. Housing Market Read More
Despite gains in the last year, home prices remain 19 percent below their peak in 2006, according to CoreLogic, although U. S. home prices swelled 11.9 percent in June over June of 2012. That is why many homeowners are waiting to put their homes on the market, which keeps the
Home Prices Surge in June over Last Year Read More
The Elko County Association of Realtors Multiple Listing Service northeast Nevada reports the number of site-built homes has quadrupled in the last five years, and in the first half of this year the median price of homes hit $258,900. While interest rates have risen this year, they are still lower
Manufactured Housing Poses Affordable Option in Nevada Read More
August 4-10 is being hailed in Washington, D. C. as National Building Systems Week, with demonstrations and model home and factory tours to educate consumers about the merits of off-site built housing. Sponsored by the Building Systems Council (BSC) of the National Association of Home Builders (NAHB), the event includes
Systems Build Homes Celebrated in Nation’s Capital Read More
June to July marked the first time this year the list price per square foot did not increase in pre-existing homes for sale, which could translate into home prices falling, and perhaps putting to rest the fears of another housing bubble. Movoto Real Estate says the steady list price month-over-month
Home Prices Appear to be Leveling Read More
A home by the bay or in the mountains in a manufactured home may only cost $700-$1,000 a month for house payment, site rent and utilities, comparable to renting an apartment, and much less than the thousands more for a traditional home in a similar setting. Manufactured housing is becoming
Manufactured Homes may Draw Baby Boomers Read More
While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for 44 years in east central Iowa, Hames says new home sales in the state were 2,200
Iowa Climbing Back from Low Manufactured Home Sales Read More
While many signs in the first half of 2013 indicate the housing recovery is real and palpable—housing starts are up 24 percent over the first half of 2012, existing home sales increased 32 percent year-over-year in June (excluding foreclosures and short sales), and the delinquency/foreclosure rate fell 14 percent—rising mortgage
More Ifs for a Full Housing Recovery Read More
The latest data from Harvard University’s Joint Center for Housing Studies reports the rise in housing prices, while lauded by many, is driving many potential home buyers out of the market because incomes are not rising along with home prices. From 2001 to 2011 the number of households paying over
Most Housing Market News is Good, except… Read More
Updating a story MHProNews last published Feb. 15, 2013 regarding a freeze on rents residents of Easton Mobile Home Park won in Easton, Mass. in 2005, and then lost in 2011 when the freeze expired, community residents may see a rent control bill passed in the Mass. legislature that they
Rent Control Passes Massachusetts House Read More
While the S&P/Case-Shiller national home price index of the 20 largest markets remains 24.4 percent below the peak of June 2006, it rose 12.2 percent in May above May 2012, the largest year-over-year increase since March 2006. April 2013 rose 12.1 percent over April 2012. A year ago homes that
Home Prices Continue Rising Read More
Sales of factory-built housing are increasing in Manitoba, Canada as first-time buyers and those reaching retirement seek affordable housing. The Modular Housing Association reports annual sales of modulars nearly doubled from 260 units in 2007 to 492 homes in 2012 for the entire province. Sales of manufactured housing through the
Factory-built Housing Rises North Read More
While the Census Bureau says home ownership is at its lowest point in 15 years, Harvard University’s Joint Center for Housing Studies reports “After across-the-board declines in 2011, all major house price indexes registered significant increases in 2012.” As documentation, the Center says the March 2013 median house price was
Center for Housing Studies says Housing Recovery is Real Read More
The reality TV show “Duck Dynasty” about the backwoods family who started a lucrative duck call business and has now hooked up with Clayton Homes perpetuates the stereotype of people who live in manufactured homes (MH) as “rednecks,” an image the industry is trying to dispel. Kirk Walker of The
TV Show no help to Manufactured Housing Image Read More
City councilors in Campbell River, British Columbia, Canada are encouraging the creation of manufactured housing communities and have set up a study to identify properties that might be developed as a viable and affordable housing option. Prompted by petitioners who are being forced out of communities where owners are seeking
Council Calls for more Manufactured Housing Communities Read More
Cavco Industries, Inc., will release financials for Q1 of fiscal year 2014 after the close of the market Thurs., Aug 1. 2013. The following day senior management will discuss the results in a live webcast Fri., Aug 2 at 12 noon Eastern time. Interested parties will be able to listen
Cavco to Release Financials Read More
Ten years ago architect Stephen Kieran, noting you can drive the least expensive automobile through a thunderstorm at 70 mph and not get a drop of water inside, challenged the home building industry to do as good a job. Martin Holladay of Green Building Advisor says the technology for producing
Home Building Methods have Changed Little Read More
Estevan, Saskatchewan, Canadaian developer Kurtis Dmuchowski has received an initial green light to proceed with a modular housing subdivision in which the residents will own the land and the homes, and will have input to a board of directors that makes decisions about the community’s operation. The 56.62 acre site
Modular Community will be Resident-owned Read More
Updating a story MHProNews posted earlier today about allegations by the Consumer Financial Protection Bureau (CFPB) that Castle & Cooke Mortgage of Salt Lake City made illegal incentive payments to loan officers, the president of C & C denied the charges and is seeking to resolve the issue. “We don’t
Castle and Cooke Deny Wrongdoing Read More
Campaign contributions for seven of eight newly installed GOP House committee chairmen have risen 59 percent in this year over the first six months of 2011. The 11 continuing committee chairmen only show a three percent average increase in first-half contributions this year over the same time frame two years
New House Committee Chairmen Rake in the Chips Read More
