WaToday reports from Australia modular construction techniques have been used in mining camps and other remote areas to house workers, where materials and labor are expensive to import for onsite construction. Modular methods have also contributed to the development of public buildings and social infrastructure such as schools, hospitals, nursing …
nationalmortgagenews tells MHProNews research firm Zillow says in its “Negative Equity Report” 400,000 fewer mortgages fell into underwater loan status in the second quarter 2012 compared to the first quarter, dropping from 15.7 million to 15.3 million Americans. Percentage-wise, the numbers dropped from 31.4% of all homeowners with balances higher …
According to a study published in RVBusiness, Indiana ranked as the best state in the Midwest and the fifth best nationwide in which to do business, as noted by the Polllina Corporate Top Ten Business States of 2012 in conjunction with the American Economic Development Institute. In its ninth year, …
According to the nonpartisan watchdog the Congressional Budget Office, if Congress cannot act to avoid the current fiscal tightening, economic growth will shrink by 0.5 percent in 2013, and unemployment will rise to 9.1 percent from 8.3 percent today. As MHProNews has learned, the economic consequences of fiscal tightening in …
CBO Projects Two Different Possible Economic Outcomes Read More
nationalmortgagenews reports the Mortgage Bankers Association (MBA) says mortgage applications fell 7.4 percent for the week ending Aug. 17, and the refinance share dropped from 81% to 80% to its lowest level in six weeks, while average interest rates for a fixed-rate 30-year mortgage (FRM) nudged up ten basis points …
The Huffington Post reports Alex Charfen, CEO of the Charfen Institute and considered to be an expert on the U.S. housing market and the foreclosure crisis, says the coming housing crisis will be a housing shortage. Home sales and median sales price have both increased, while existing inventory has declined …
he Idaho Statesman reports from Boise’s Adam Hiaring, assistant manager at a Clayton Homes dealership, that customers have been able to buy a house on layaway, saving up a down payment while locking in the price and mortgage rate, since March of this year. Hiaring says sales have been good …
According to HousingWire, real estate franchisor RE/MAX says home sales increased from July 2011 ten percent to this July, marking the 13th straight month of sales increases, even considering a nine percent drop this past June. Forty-four of 53 metro areas covered in the RE/MAX survey reported an increase, and …
In its July analysis of housing data for 16 markets, realtormag reports housing inventories, including single-family, townhomes, condos, and co-ops are 19 percent below a year ago as for sale homes remain at record lows. “Low inventories, combined with rising list prices and lower times on market, are positive signs …
HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any …
In a recent paper from the Joint Center for Housing Studies at Harvard University which examines the association between views on homeownership and the recent downturn in the housing market, MHProNews has learned evidence suggesting respondents’ preferences for owning versus renting have not changed, except among borrowers who have underwater …
The National Association of Home Builders (NAHB) tells MHProNews while housing starts fell 1.1 percent in July to a seasonally annual adjusted rate (SAAR) of 746,000 units, according to the Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, new building permits permits rose 6.8 percent in …
The National Association of Home Builders tells MHProNews the NAHB/Wells Fargo Housing Market Index (HMI) reports builder confidence for new, single-family homes rose for the fourth straight month in August to its highest level since Feb. 2007. All three components that comprise the HMI—current sales conditions, sales prospects for the …
leadingage says while the Joint Center for Housing Studies at Harvard University predicts the housing recovery will be led by single-family home construction, the center also foresees the financial burden that will accompany the growing number of seniors who will need assisted housing and supportive services. The number of cost-burdened …
Housing Costs to Grow for Seniors on Fixed Incomes Read More
The Mortgage Bankers Association (MBA) reports that Federal Housing Authority (FHA) foreclosures started spiked 60% from the first quarter, hitting 1.53%, the highest point in several years. Excluding foreclosures, according to NationalMortgageNews, FHA delinquencies fell to 11.89% from the first quarter’s 12%, while the inventory of FHA foreclosures increased to …
The National Association of Home Builders tells MHProNews builder confidence in single-family homes for the 55+ market for Q2 2012 more than doubled over the second quarter of 2011, from 13 to 29, the highest second quarter reading since this sector of NAHB’s Housing Market Index (MHI) started in 2008. …
OriginationNews says in the first quarter 2012 seven Florida housing markets were on Realtor.com‘s housing recovery list, but only one market in California was included. In the second quarter, six CA markets placed on the top ten list. In addition, Seattle, Phoenix, Boise City and Minneapolis were among the top …
Thirty-three percent of mortgages refinanced through Fannie Mae and Freddie Mac were closed through the Home Affordable Refinance Program (HARP), the most since the program began in March 2009. For the first six months of this year, Fannie Mae and Freddie Mac processed 422,969 loans through HARP, more than the …
HousingWire reports the Gallup Economic Confidence Index (ECI) dropped for the second month in a row, averaging -26 in July after falling from -22 in June. The nation grew more optimistic in the spring as the ECI rose to -17, but even this month’s score is far better than the …
NationalMortgageNews says CoreLogic CEO Anand Nallathambi tells MHProNews their house price index (HPI) rose 1.3% from May to June, for the fourth consecutive month, and home values have risen 2.5% from the same period last year. When distressed sales are removed from the equation prices are up 3.2% from a …
