According to indiancountrytodaymedianetwork, the 2015 Home Mortgage Disclosure Act reveals Quicken Loans of Michigan has replaced Wells Fargo Bank as the top lender to Native Americans with $283 million in lending. San Francisco-based Wells slipped to second place with $276 million in lending, while Mid America Mortgage of Addison, Texas …
Native Americans Rack up $1.7 Billion in Mortgages as of Aug. 11 Read More
What’s New in public focused Manufactured HomeLivingNews.com Tiny Houses Owners face Big Legal Trouble? What’s New in Manufactured Housing Industry Professional News Financial Services Committee says Dodd-Frank is damaging. YES! Communities redistributes assets. Private enterprise ready to supply modular buildings to flooded LA. MHI, MHARR spar with DOE, as MHI …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 14-Aug. 21, 2016 Read More
While the White House continues to claim that regulations coming from Dodd-Frank are not having an negative effect on community banks, credit union leaders, community bankers and small business owners are saying quite the opposite, according to fsc.gop.press. A report from Bloomberg states mergers and acquisitions hit $18 billion last …
Financial Services Committee Slams Dodd-Frank as Damaging Read More
Santiago Villa manufactured home community was built in the 1960s as an affordable retirement community for those 55+ in Mountain View, Calif., long before the onset of Google, Microsoft and LinkedIn. Now, however, since management has allowed families to move in, senior residents see their community colonized by corporate employees. …
Manufactured Home Community Bordering Google Transforming into Tech Town Read More
As labor activists promote the Fight for Fifteen, the push for a $15 an hour minimum wage would lead to the loss of nine million jobs as businesses scurry to find where to implement labor-saving technology, says , James Sherk in a Heritage Foundation brief as reported to hotair. Including …
$15 Hour Minimum Wage would Cost Nine Million Jobs Nationally Read More
MHProNews has learned from constuctiondive that the median size of new U. S. single-family homes fell nearly three percent from Q1 2016 to Q2 2016, slipping from 2,465 sq ft to 2,392 sq ft. On a one-year moving average, however, median home size has actually risen 16 percent, according to …
Inventory of Entry-level Homes may finally be Rising Read More
The National Low Income Housing Coalition (NLIHC) issued its 2016 annual report, and the picture painted mirrors that of other studies that indicate a growing affordable housing crisis in the United States. According to the report, of the nearly 43.2 million renter households in the U.S. in 2014; 10.4 million …
NLIHC’s Affordable Housing GAP Analysis 2016, Manufactured/Modular Housing Read More
While June home sales in California hit nearly a four-year high, they dropped sharply in July from June, according to housingwire, due to low inventories and decreasing affordability reports the California Association of Realtors (CAR). Sales of existing single-family detached homes in June hit a seasonally adjusted annual rate (SAAR) …
The rate of housing starts in July rose to its highest level in six months, plus 2.1 percent overall to a seasonally adjusted annual rate (SAAR) of 1.21 million from 1.19 million in June, according to numbers from the Commerce Department reported by usnews. The bulk of the gain came …
Home Construction Continues its Slow but Steady Incline Read More
Those trendy and cute tiny houses are a potential source for real headaches, says a report by the Toledo Blade. Blade’s Janet Stengle tells MHLivingNews that, “Jamie and Kelly Rye and their children, Jonah, 6, and Jane, 3, moved into their tiny home in Spencer Township last month. Complete with …
What’s New in public focused Manufactured HomeLivingNews.com Comparing Tiny Houses vs Manufactured Homes – Function and Value vs. Fashion What’s New in Manufactured Housing Industry Professional News Children of home owners more likely to own homes. Trump tells NAHB he identifies with them. Residents of closing community continue trying to …
Sunday Morning Recap-Manufactured Housing Industry News Aug 7-Aug.14, 2016 Read More
A study by Trulia, based on 40 years of data from the University of Michigan’s Panel Study Income Dynamics, reveals that children who grew up in a home owned by their parents were almost three times as likely to own a home as adults, according to housingwire. A 40-year-old with …
Living in an Owned Home Young Begets Living in an Owned Home Later Read More
The U. S. Census Bureau reports nearly 15 percent of Americans, some 47 million, live below the poverty line;14 percent of households have a negative net worth, according to what bloomberg tells MHProNews. Forty-three percent of those with negative net worth are college graduates, one in eight has a graduate …
Writing in idahostatesman, Jerry Brady, a business man and member of Compassionate Boise, having once “snobbishly dismissed” manufactured and modular homes as flimsy and unworthy, now realizes with a shortage of some 10,000 affordable homes in south and south-central Idaho, says, “I can’t do that any longer. If you dream …
Modular Housing Suggested for 10,000 Affordable Housing Shortage Read More
MarketWatch informs MHProNews that Treasury yields are drifting lower as summer trading cools. The dollar weakens as domestic productivity falls for 3rd month. Oil prices are said to be heading towards $30 a barrel. Gasoline prices may fall below $2 a gallon nationwide before year-end. Gold closes higher to end …
UMH leads gainers, Skyline slips as MHCV trails the broader markets Read More
For the ninth consecutive quarter, builder confidence in the single family 55+ senior housing market has remained in positive territory, reports the National Association of Home Builders (NAHB) to MHProNews. “Builders and developers for the 55+ housing sector continue to report steady demand,” said Jim Chapman, chairman of NAHB’s 55+ …
Each first Friday of the month the Labor Department’s Bureau of Labor Statistics issues its jobs report for the previous month—commonly called the U-3 number–an abundance of employment-related data, each of which has a story about the employment scene. While the official unemployment rate held steady at 4.9 percent—called the …
Changes to Edmonton, Alberta, Canada’s by-laws have led to a mini-boom in modular container homes, called laneway housing locally, small homes added to property that may already contain a regular size family home. Honomobo co-founder Daniel Engelman, who has teamed up with Devon Siebenga, president of BigSteelBox Structures in Kelowna, …
Modular Container Homes Rising in Edmonton, Alberta Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in June 2016 rose 20.4 percent over June of 2015, 6,062 last year compared to 7,299 for June 2016. According to official statistics released by the Dept. of Housing and Urban Development (HUD), …
Home prices rose in June 5.7 percent year-over-year, a slight drop from the 5.9 percent rise in prices in May, as CoreLogic tells nationalmortgagenews. The increase over May was 1.1 percent, MHProNews has learned. Prices for July will increase 5.3 percent year-over-year, and 0.6 percent on a month-over-month basis, CoreLogic …
Home Prices in Northwest Nearly Double National Average Read More
