After housing inventory hit low levels not seen in nearly ten years, HousingWire tells MHProNews national inventories rose by 5.82 percent in May over April, much better than last year’s increase for the same two months of 1.77 percent. In addition, the median list price rose 2.10 percent April to …
As realestaterama informs MHProNews, 13 million people over 50 contend with unaffordable and/or inadequate housing. The AARP (American Association of Retired Persons) Foundation is investing $2.5 million in three different strategies that provide housing for the over 50 crowd who have limited means. One of the recipients is ROC (Resident …
American Association of Retired Persons Funds Manufactured Housing Read More
According to the president of the Federal Home Land Bank (FHLB) of New York, Alfred DelliBovi says the need for affordable housing is becoming critical, especially as the availability of federal funds for housing decreases. As MHProNews has learned from nationalmortgagenews, each of the banks’ 11 districts has an Affordable …
Affordable Housing Shortage is Critical; Dodd-Frank is “Deadening” Read More
Mortgage applications rose five percent for the week ending June 7, a turnaround from the 11.5 percent drop the previous week, according to what the Mortgage Bankers Association (MBA) tells HousingWire. Although 11 percent lower than the two weeks prior, and 36 percent below the high point at the beginning …
According to the National Association of Realtors (NAR), five to six million renter households will be created within the next ten years, as reported in HousingWire. The Census Bureau says renting households increased substantially from 2008 to 39 million, and that number will rise to 41 million in two years. …
The demingheadlight informs MHProNews sales of single-family homes surpassed those of manufactured homes (MH) in Deming, NM in the southwest corner of the state in the last year. From May 2012 to June 2013 87 single-family homes were sold, as compared to 35 MH that changed hands in the same …
In an appeal from the Manufactured Housing Institute, MHI Chairman Nathan Smith says unless the Preserving Access to Manufactured Housing Act (H.R. 1779) becomes law, low-to-moderate income prospective buyers will face a tougher time trying to purchase a manufactured home, due to Dodd-Frank Act provisions. The bill will alter the …
To meet the growing demand for housing in Atikokan, Ontario, Canada, Dave Bjorkman is opening Northwestern Modular Homes to provide an affordable alternative to stick-built homes. He says modular homes from the U S. are less expensive than Canadian models, so he buys from Skyline in Lancaster, Wis., Highland Manufacturing …
HousingWire reports a survey by Fannie Mae reveals ten percent more respondents in May than the previous month said it is a good time to sell a house, while five percent more said it is a better time to buy. Doug Duncan, chief economist at Fannie Mae, noting those who …
The nationalmortgagenews informs MHProNews the asking price for homes has risen 9.5 percent May 2012 to May 2013, according to the Trulia Price Monitor, with increases in 98 of 100 largest metro markets. By removing foreclosures from the equation, it jumps to 10.5 percent; but on a seasonally-adjusted basis prices …
Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales …
According to the National Association Home Builders (NAHB)/First American Improving Markets Index (IMI), five U. S. housing markets have been added to the list of those returning to health in June. Based on housing permits, employment and house prices that have been improving for six months, “This is the fifth …
MHProNews has learned from buffalonews students at Erie 1 BOCES’ Harkness Career and Technical Center in Cheektowaga, just east of Buffalo, NY, have completed a 1,200 square foot modular home that will be auctioned off Fri., June 7. “If you see this house, you would be surprised that twenty 17-year-old …
The National Modular Housing Council (NMHC) reports for the first quarter of 2013 modular home shipments hit 2,913, up 3.9 percent from the same period 2012. Compared to the same period in 2012, shipments rose in 11 states, declined in ten states, and remained virtually unchanged in 13 states. By …
According to insidermonkey, Sun Communities, Inc. (NYSE:SUI), a real estate investment trust (REIT) that owns and operates 184 manufactured housing and recreational vehicle communities, returns a higher dividend yield (5.0% versus 2.6% for Equity Lifestyle Properties, Inc.) and is more capital efficient (ELS has a higher capex-to-sales ratio of 4.1 …
According to mortgagenewsdaily, the Consumer Financial Protection Bureau (CFPB) has issued updates regarding what examiners will be checking lenders for when the new regulations go into effect Jan. 2014. Noting these are the first of what is anticipated will be numerous updates, the examination procedures concern the Truth in Lending …
As HousingWire informs MHProNews, although the media is overflowing with glowing reports about the housing market recovery, it is not time to celebrate yet. CoreLogic reports April home prices were up 12 percent over April 2012, and 3.2 percent higher than March, but the market continues to need more move-up …
Unlike the prefabricated housing that dominated the industry after WWII, SpineLock Living in Mansfield has developed a modular system the company’s CEO Derick Wilson hopes will revolutionize home building in Great Britain. The sections are transported to the site and then slotted together using a panelized interlocking system and then …
In testimony before the House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing and Trade, Rick Judson, Chairman of the National Association of Home Builders, said, “How lawmakers and regulators deal with tax reform, home energy codes and the availability of building materials will go a long way to ensure …
The Rumbling Bald Resort area of Lake Lure in western North Carolina has a new name on the Approved Builder roster: Vision Building Group (VBG) spent most of last year building and finishing a modular home at the resort. PRWeb says the company can now be used by current and …
