A manufactured housing community is offering to pay cash for single-section manufactured homes 1990 or newer. Rolling Hills Estates in D’Iverbille, Miss., just outside Biloxi, is also offering newer homes for people who want to trade up their older manufactured home and live in the community. As newswire informs MHProNews, …
Community Owner will pay Cash for used Manufactured Homes Read More
In 2012 Iowa retailers ordered 271 HUD Code manufactured homes, well below the years from 1964 to 1982 and 1988 to 2002 when orders ran over 1000 annually, but 28 percent higher than the 212 ordered in 2011, according to Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association. …
A Shannon, North Carolina man has been charged with defrauding 45 people of $437,702 by not delivering manufactured homes they had purchased, and is in jail under a $800,000 secured bond. Bradley Malcolm McMillian, 38, is facing two counts of obtaining more than $100,000 worth of property by false pretense, …
Fraud Charges Levied against Manufactured Home Seller Read More
New home sales rose 2.1 percent in May over April, according to Commerce Dept. figures, the highest rate since 2008. The S&P Case Shiller home price index (HPI) of existing homes rose 12.1 per cent from last year, the best rate in seven years, according to what David Blitzer of …
Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, …
A shortage of skilled trades workers combined with tight credit and lack of available finished lots may slow the housing market rebound, according to Fitch Ratings, although the only likely downside is a longer construction timeline. Prior to the Great Recession, over eight million construction workers were employed, but according …
Shortage of Skilled Tradespeople may Slow Recovery Read More
Shortages of building materials may be significant in holding holding back a more robust return of the housing market, says the National Association of Home Builders (NAHB) Chief Economist David Crowe. According to a builders survey, 22 percent reported short supplies of oriented strand board (OSB), 20 percent said wall …
Real estate activity is ramping up in Eugene, Ore. as low inventory is producing multiple offers, and in some case bidding wars, driving prices up, especially on homes under $250,000. Carol John bought a three-bedroom home in 2010 for $283,000. As her investments soured during the recession and she wanted …
Former Site-built Homeowner moves to Manufactured Home Read More
Former beauty queen and one time manufactured home dealer JoLeigh Ares, doing business as Park Girl Sales LLC in the Rio Grande Valley area of Tex., has racked up an alleged 89 claims against her now bankrupt business totaling $2.9 million. The brownsvilleherald reports $1.5 million of the total is …
Manufactured Home Retailer, Facing Multiple Fraud Charges, Opens New Business Read More
The Veterans Administration (VA) Home Loan allows qualified veterans the opportunity to purchase a home, including a manufactured home, with or without a site, or to buy and improve a site, with no down payment. Although the veteran is required to live in the house, the borrower’s spouse also satisfies …
Veterans Administration Offers Manufactured Home Loans Read More
The Tri-State Housing Task Force mini-summit held June 19 in Keokuk, Iowa heard Dan Eberhardt of the Southeast Iowa Regional Planning Commission (SEIRPC) say “You cannot thrive unless you pay attention to your residential homes.” Representatives of Northeast Community Action Corporation of Missouri (NECAC) state they have helped over 1,500 …
A plan to replace Fannie Mae and Freddie Mac with a Market Access Fund (MAF) has been proposed by two U. S. senators as well as by several analytic firms and think tanks. Senators Bob Corker (R-Tenn.) and Mark Warner (D-Vir.) say their reform bill would create the MAF from …
Proposal would Replace Government-Sponsored Enterprises Fannie and Freddie Read More
Noting the median home price jumped eight percent from April to May to $208,000, and sales of homes rose four percent for the same period, chief economist Lawrence Yun of the National Association of Realtors (NAR) says, “The home price growth is too fast, and only additional supply from new …
Housing starts increased 6.8 percent in May to a seasonally-adjusted annual rate of 914,000 units due to a jump in multifamily construction. Single-family production remained steady at 599,000 homes, but multifamily activity grew 21.6 percent to 315,000 units. Regionally, the South posted a gain of 17.8 percent in combined starts …
The transportation package that was passed by the Virginia General Assembly and signed into law by Governor Bob McDonnell includes tax increases that go into effect July 1, 2013. The titling tax for manufactured homes remains at $10, but the retail sales and use tax, which covers modular homes, will …
For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a …
Housing Market Index Posts Largest Gain in over Ten Years Read More
The North East Community Action Agency (NECAC) in Hannibal, MO has joined the Next Step Network which gives them the opportunity to buy modular homes from Clayton Homes at 10-15 percent below market price. The goal is to provide low cost housing for people of modest means. Carla Potts, NECAC’s …
Affordable Modular Homes Available; Applicants’ Credit Lacking Read More
As of April 2013, home building employment totaled 2.1 million people, up nearly 100,000 in the last year, according to the labor department. Home building contributed 20 percent to the growth of the Gross Domestic Product (GDP) in the last six quarters. Residential Fixed Investment (RFI), the home building component …
According to nationalmortggenews a report by the Dallas Federal Reserve Bank says home prices in Texas have recovered to seven percent above the pre-recession highpoint in 2007. One of just ten states to have reached that milestone, Texas is second only to North Dakota in the amount that today’s prices …
MHProNews has learned from charlotteobserver the North Carolina state senate has approved a tax reform plan on second reading with the third and final reading—and likely approval– set for Tue., June 18. The Republican-dominated senate bill includes a tax hike for factory-built homes. Under the new measure the sales tax …
