MHProNews has learned from the National Association of Home Builders (NAHB) that builder confidence in the market for new, single-family homes rose for the third month in a row. This marks the first time that has happened since mid-2009, bringing the NAHB/Wells Fargo Housing Market Index (HMI) to 21, its …
ThePostandCourier tells MHProNews the Southern Palms MHC in Ladson, South Carolina, just north of Charleston is promoting Cottage homes of 1,056 to 1,400 square feet for vacationers and those seeking smaller dwellings. Owned by Jensen Communities of Connecticut, which operates 30 MHCs in eight states, the age 55-plus community offers …
Following up on a story we published Nov. 14, 2011, OmahaWorld-Telegram reports the oil boom in North Dakota continues to have positive repercussions for area MH producers. The York, Nebraska, Champion Home Builders plant has doubled its production staff since summer to 150, and intends to hire another 50 early …
North Dakota Oil Boom Drawing Midwest MH Producers Read More
HousingWire reports Zillow says home values declined in October 0.3 percent from the previous month. Home values have declined 23.7 percent since 2007, and on a year-over-year basis, the Zillow home value index fell 5.1 percent to $147,900. On a regional basis, of the 156 metropolitan statistical areas covered by …
In a letter to MHProNews.com, Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says there were 121 orders for modular homes in the third quarter 2011, five more than in the same period last year. This ranks Iowa sixth in the survey of 29 states in modular …
NationalMortgageNews reports in the wake of the housing industry crisis, homeowners associations (HOAs) are having to rely in some cases on special assessments to make up for vacant units in foreclosure or otherwise unoccupied. Normally HOAs levy a monthly or yearly assessment to help pay for snow and trash removal, …
TheProvince reports from British Columbia, Canada, that several manufactured and modular housing producers in Canada are making small modular homes that can legally be placed beside or behind an existing single-family dwelling, where permitted. Called garden or “granny” suites, the portable homes have a kitchen, one or two bedrooms, bathroom …
“Granny” Modular Homes May be Sited Next to Family Home Read More
HousingWire says Zillow Real Estate Market Reports is partnering with researcher Pulsenomics to sponsor what will be called the Zillow Home Price Expectations Survey. First published by Pulsenomics in 2010 with MacroMarkets as its sponsor, the quarterly survey is based on the expert opinions of over 100 housing market analysts, …
WiscNews reports from the Wisconsin Dells a local realtor says real estate sales in the area through October 2011 have reached 192, up from 167 last year and 170 in 2009, and foreclosures are holding steady. John Schoenherr, of Century 21 Affiliated, also notes that much of the real estate …
NationalMortgageNews states, according to the Bureau of Labor Statistics, mortgage brokerage firms added 1,500 workers to their rosters in October. Employment in the mortgage/broker sector reached 236,500. The National Mortgage Licensing System reports the number of state-licensed loan officers rose 6,470 in Q3 to 113,350, suggesting former loan officers are …
OriginationNews reports seriously-delinquent mortgages (90 days or more out) through the Federal Housing Administration (FHA) increased October over Sept. by 0.03 percent to nine percent, the highest number since Feb. 2010. FHA-endorsed single-family loans declined in October three percent from the previous month, to $15.7 billion, and lending to homebuyers …
InsuranceNetNews reports an article in the American Journal of Public Health describes a Health and Retirement Study that concludes there is a relationship between mortgage delinquency and ill health. The 2006-2008 study of persons 50 and older found because people so identify with their homes, the potential loss of the …
The Manufactured Housing Institute (MHI) states the National Modular Housing Council reports 3,544 new modular homes were shipped in the third quarter of 2011, a loss of two percent from the same quarter 2010. When compared to Q3 2010, state shipment numbers show six states had increased shipments,18 states saw …
HousingWire reports Radar Logic, which tracks home values in 25 metropolitan areas, says while home prices fell 4.4 percent for the year ending September 2011, the survey shows home sales increased 15.4 percent in those markets year-over-year in Sept., the largest gain for the month of Sept. since 2003. Michael …
SFGate reports a Massachusetts company is opening a factory on Vallejo’s Mare Island at the site of a former naval base just north of San Francisco. Close to the port of Oakland, and drawing on a nearby workforce of people skilled in home construction and high tech manufacturing, Blu Homes …
NationalMortgageNews states the robo-signing scandal has led to such a tight pipeline in the foreclosure process that only 10,000 a month are being processed by FHA (Federal Housing Authority)-approved servicers, but that will clear as the agency pays for a surge on defaulted loans. FHA paid $14.9 billion in fiscal …
RealtorMag reports the inventory of homes for sale fell to its lowest level in four years in October, according to data from Multiple Listing Service (MLS). Zelman and Associates says many sellers are taking their homes off the market because they are receiving low-ball bids, and banks are in no …
HousingWire reports the New York Federal Reserve says consumer indebtedness fell by 0.6 percent in the third quarter as mortgage balances and credit card limits continued declining. Total consumer debt dropped from $11.72 trillion in Q2 to $11.66 trillion the quarter recently ended. Bankruptcies fell 18.8 percent from Q3 2010, …
The National Association of Home Builders (NAHB) reports the U.S. Department of Commerce says sales of new, single-family homes increased 1.3 percent in October, marking the best monthly sales pace since May, 2011. “Today’s report is right in line with our forecast for modest and gradual improvement in sales activity …
HousingWire reports Freddie Mac’s seriously-delinquent mortgage rate inched up 0.03 percent in October over Sept. to 3.54 percent. Meanwhile, the multi-family delinquency rate dropped to 0.31 percent from Sept.’s 0.33 percent. The overall mortgage portfolio at the government-sponsored enterprise (GSE) fell at an annualized rate of 5.22 percent last month. …
