ConnecticutPost tells MHProNews.com Hawaii ranks at the bottom of the list in terms of manufactured homes as a percentage of all housing with only .02 percent, followed by Connecticut, Massachusetts, and Rhode Island with .08 percent, according to 2010 U.S. Census figures. The figure for Connecticut fell from .09 percent …
North Carolina has Highest Percentage of Manufactured Homes Read More
A private equity fund is betting $250 million on foreclosed homes. Menlo Park, California’s GI Partners is investing in WayPoint Real Estate Group, a company that buys foreclosed homes at discount prices and rents them. The Wall Street Journal tells MHProNews this investment is one of the largest by an …
MHProNews.com has learned from MassLive the Blu Homes factory in East Longmeadow, Massachusetts, which opened in 2010, has closed and production facilities have relocated to Vallejo, California. While the sales office and design studio will remain in Waltham, MA, spokeswoman Dana Smith says, “It’s not about what went wrong in …
Every day, 480,000 school buses carry 26 million children to school and school-related activities. School Transportation News tells MHProNews.com since 2006, the manufacture of school buses has declined 37 percent. School funding is tied to property taxes. As homes are abandoned and property values fall, tax collections decline, which tightens …
According to CoreLogic’s Home Price Index, home prices for November 2011 fell 4.3 percent compared to November 2010. For the fourth consecutive month in a row home prices declined, falling 1.4 percent October to November, 2011. Mark Fleming, CoreLogic’s chief economist, is quoted in HousingWire saying, “With one month of …
Market Watch tells MHProNews.com that ADP says 325,000 jobs in the private sector were added in December. According to CBIZ Payroll Services, their Small Business Employment Index (SBEI) rose 1.75 percent last month, the largest increase since 1.77 percent in December 2009. The November 2011 gain was only .35 percent. …
From Housingwire.com MHProNews.com learns that Veros Real Estate Solutions predicts home prices will remain relatively unchanged over the next year with the strongest markets seeing a 4 percent rise and other seeing as much as a 6 percent drop. The company’s home price index shows 2012 declines of 1.3 percent …
A report from the BOI Fair 2011 in Bangkok, Thailand, says the Siam Cement Group (SCG) of Thailand is looking to invest five billion dollars in Southeast Asia, especially Vietnam, Indonesia and the Philippines, countries where it already has a strong presence. As BusinessMirror tells MHProNews.com, in keeping with the …
Florida author Jim Boeglin tells MHProNews.com that while economists study manufacturing reports, employment numbers, building permits, consumer confidence surveys, etc., to tap into the state of the U.S. economy, he counts dump trucks. Writing in the NaplesNews, he says from 2003 to 2006 Southwest Florida was crawling with dump trucks. …
According to the Harvard University Joint Center on Housing Studies, in the first half of the decade 1.3 new households formed each year, but that fell to less than one million a year since 2005. Part of that is declining immigration, but 20-30 year-olds who have been reluctant to form …
The Telegram reports from Worcester, Massachusetts, that building permits for single and multifamily dwellings were down 55 percent for the first ten months of 2011. Timothy M. Warren, chief executive of the Warren Group, which publishes Banker and Tradesman, tells MHProNews.com he expects home sales to increase slightly in 2012, …
MHProNews.com has learned from OriginationNews that according to Freddie Mac, mortgage rates are well below comparable rates from a year ago even though they edged up a little from last week. The average rate for a 30-year fixed rate mortgage (FRM) rose four basis points to 3.95 from last week, …
The OmanObserver in the Middle East tells MHProNews.com that the rapid growth in the use of modular buildings has led Al Anseria Engineering Services to establish Modular Building Solutions (MBS), specializing in container conversions and insulated metal cabins. Noting they have many applications, from low-cost housing and offices to guard …
MHProNews.com has learned from BloombergNews that October 2011 shipments of manufactured housing rose to a seasonally-adjusted rate of 62,000, up from 55,000 homes shipped in September, according to U.S. Census Bureau figures. This figure is well above the recent six month average of 51,000 homes. Placements fell on a seasonally-adjusted …
MHProNews.com has learned that a cherry orchard in Gilroy, California, just south of the Bay Area, may see 349 manufactured homes sited among the cherry trees. According to the GilroyDispatch, the development will be aimed at active older adults and will help Gilroy meet its state affordable housing goals. CW …
HousingWire reports the Office of the Comptroller of the Currency (OCC) says while mortgage delinquencies stabilized in the third quarter, foreclosures climbed 21.1 percent from the last quarter as mortgage servicers rolled back the reprieve imposed in late 2010, following disclosure of the robo-signing controversy. New foreclosures fell 11.8 percent …
MHProNews.com has learned from the Maine Public Broadcasting Network that Katahdin Cedar Log Homes has won a contract to supply China with factory-built homes. The initial building will be a 10,000 square- foot reception center on the shores of a man-made lake in Chengdu, in Southwest China, to serve as …
OriginationNews tells MHProNews that after a two-year study, a Columbus, Ohio-based insurance company has introduced the Home Value Protection(HVP) plan to offer a modicum of protection to homeowners interested in refinancing or taking on a new mortgage. In light of the negative equity many homeowners face, Home Value Insurance Co. …
The NAHB recently reported improvements in the picture for homebuilders, and Realtors say sales increased, but a new report today addresses the continuing threat from shadow inventory. CoreLogic reports that the current residential shadow inventory as of October 2011 remained at 1.6 million units, representing a supply of 5 months. …
Sales and Starts May Be Up, But Shadow Inventory Looms Read More
MHProNews has learned from the National Association of Home Builders (NAHB) reports that production of single-family homes and apartments rose in November 9.3 percent to a seasonally-adjusted annual rate of 685,000 units, the highest pace since October 2008. The primary impetus from the increase came from the multifamily sector which …
Multifamily Building Outpaces Single-family Home Construction Read More
