According to a study commissioned by the American Modern Insurance Group (AMIG), 81 percent of millennials still view home ownership as part of the American Dream, in the survey of 1,000 respondents from the greater San Francisco area. The millennials (ages 18-34) were more interested in owning a home than …
Survey Reveals Millennials Maintain Belief in American Dream Read More
What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with Don Glisson, Jr. of Triad Financial Services. Another media attack on manufactured housing? Residents of Florida city opposes modular homes. HUD sets up more …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 Read More
Data released by the Census Bureau and the Department of Housing and Urban Development (HUD) reveal sales of new, single-family homes rose 14.5 percent in 2015 to 501,000 units, the highest number since 2007, according to lbmjournal. In Dec. alone sales were up 10.4 percent over Nov. 2015 to a …
New data obtained by MHProNews from skylinenewspaper indicates existing residential property prices rose 8.9 percent over the last year in the greater Chicago area, while the median price of a single-family home spiked 11.6 percent, according to the Chicago Tribune. The average price of a single-family home rose to $217,700, …
According to wktv, Americans were back to building larger, more expensive homes in 2015, reports the National Association of Home Builders (NAHB). The average square footage of a new home rose 40 sq. ft. above 2014 to 2,700 sq. ft., adding the size of a large closet. Nearly half of …
The National Association of Home Builders (NAHB) reports housing starts fell 2.5 percent in Dec., 2015 to a seasonally-adjusted annual rate (SAAR) of 1.15 million homes, following an upswing in Nov. of 10.1 percent, according to charlotteobserver. Over the year, housing starts had their best showing since 2007, advancing 10.8 …
Dec. Housing Starts, Permits Fall, but Up for 2015 Read More
Retail sales on the year fell to their lowest pace since 2009, climbing only 2.1 percent for the year, the smallest gain since the Great Recession ended, raising concerns about consumer spending going into 2016. As bloomberg informs MHProNews the 0.1 percent drop in Dec., 2015 followed a gain of …
What does collapsing Walmart, other retail sales mean for Manufactured Housing? Read More
Amid the pressing need for affordable housing in this country, as rents rise and incomes remain static, a federal tax law enacted last month may lead to the increased production of affordable rental housing, although the rise may be minimal, according to what housing experts tell nationalmortgagenews. A part of …
New Tax Law will only Increase Affordable Housing Units Tepidly Read More
MHProNews has learned from builderonline that the sale of existing homes in Nov. 2015 fell 10.5 percent month-over-month and dropped 3.8 percent year-over-year, according to the National Association of Realtors (NAR). This decline marked the first year-over-year drop since Sept. 2014, despite a strong job market. National Association of Home …
Existing Home Sales Fall, perhaps due to New Disclosure Rules Read More
MHProNews has learned from einnews that Wisdom Homes of America (OTC PINK:WOFAD) of Tyler, Texas is discontinuing its manufactured home retail centers and returning their energies back to the cannabis industry that has served them well beginning in 2010, according to Jim Pakulis, CEO of Wisdom. Now legal for medical …
The 22 manufactured home communities that comprise an estimated 1,400 households in Springfield, Oregon are considered at risk if the property should become repurposed, according to kvaltv. Mayor Christine Lundberg, in her state-of-the-city address, proposed an initiative to deal with the possible displacement of MHC residents should this occur. “That’s …
The National Association of Real Estate Investment Trust’s (NAREIT) Senior Vice President for Research and Information, Brad Case, said in 2015 stock exchange-listed equity REITs outperformed most other asset classes, even though the year was not particularly strong for REITs. Noting that December was a microcosm of the 2015, Case …
According to a report Monday from the El Paso County Public Trustee’s Office in Colorado Springs, Colorado foreclosure activity dropped to a 14-year low in 2015, as 1,470 foreclosure notices went out to area property owners, the fewest since 1,165 went out in 2001. MHProNews has learned from nationalmortgagenews that …
This graphic from the Virginia Manufactured and Modular Housing Association (VAMMHA) offers a slightly different view of the shipments of HUD Code homes, comparing 2014 to 2015, and broken down into categories. As MHProNews understands, the entire report, from the Institute for Building Technology and Safety (IBTS) is broken down …
In Depth Overview of HUD Code Production for November Read More
According to themortgagereports, home values have reached new highs for the first time in eight years, since early 2007, but not adjusted for inflation. The Federal Housing Finance Agency (FHFA) publishes the Home Price Index (HPI) which reveals that property values rose +0.5 percent in October, marking the 23rd consecutive …
Mortgage Application Approvals and Home Values Rise Read More
MHProNews has learned that usmodularinc reports Europeans have been eying the U. S. housing market for years with their improved technology in the area of prefabricated homes, and have begun to jump in, much like the Japanese did with small, high mileage, inexpensive cars. Eschewing converting an existing building to …
U. S. Modular Home Builders need to Sharpen their Saws Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics from the Department of Housing and Urban Development (HUD) indicate the production of HUD Code manufactured homes in Nov. grew 20.6 percent above Nov. 2014, 5,980 over 4,955 last year. On the year, cumulative production stands at 64,887 …
What’s New in public focused Manufactured HomeLivingNews.com College Education Made In Perpetuity – The Kalamazoo Promise; Von Washington Jr – where Affordability and Quality of Life Meet Home/Manufactured Home Article/Lies, Advocacy Journalism and Statistics – Seattle Times/BuzzFeed Attacks, Warren Buffett’s Clayton Homes Defends – charges of Racism and Discrimination – …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016 Read More
According to builderonline, the National Association of Home Builders (NAHB) reports the National Association of Realtors (NAR) Pending Home Sales Index (PHI) slipped 0.9 percent from Oct., although it is still 2.7 percent ahead of last year at this time. The drop is considered to be more seasonal than substantive. …
According to bloomberg, the Conference Board’s Dec. sentiment index advanced to 96.5 from a revised Nov. reading of 92.6. The median of a survey of economists was 93.5. MHProNews understands American optimism about the economy and job market has risen. Cheaper fuel costs and an improving labor market have given …
