MHProNews has learned from mapmag, the California Association of Realtors Chief Economist Leslie Appleton-Young stated that house price increases will be at the lowest rate since 2011. She predicts in 2016 the median price of a detached house will rise by 3.2 percent to $491,300, which is less than half …
CNNMoney tells MHProNews Millennials are finally coming up out of their parents’ basements and buying homes. The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah, …
Four of Top Ten Cities with Mortgages by Millennials are in Louisiana Read More
Later this month a developer will break ground on the old Walsenburg High School football field for 28 tiny modular homes, according to what Colorado Public Radio tells MHProNews. Walsenburg Mayor James Eccher played football there years ago and at first could not imagine anyone would want to live in …
Inspired by his year-long stint living in a converted 33-square-foot dumpster to create a mobile and affordable solution to the housing crisis, “Professor Dumpster,” Jeff Wilson has devised a modular micro-apartment housing design that slots in and out of a metal apartment framework, and fits on a moving truck bed …
Tiny Apartment Plugs into Framework, Moves to another City’s Framework Read More
What’s New in public focused Manufactured HomeLivingNews.com Weathering the Storms: How Manufactured Homes Can Do It Better A Surprising Solution to America’s Quality Affordable Housing Crisis Whispering Pines Manufactured Home Community – Somerset PA, Inside MH Video What’s New in Manufactured Housing Industry Professional News FHFA to roll out MH …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015 Read More
MHProNews has learned from businessnews.au that an English company from Bath, UK, ApplyInnovation, will partner with a Perth, Australia contract management group to create the first manufacturing firm dedicated to modular building focusing on residential, student housing, aged care and offices. The joint venture, ApplyModularAustralia, is set to begin production …
UK Firm Collaborating with Western Australian Company to Produce Modular Homes Read More
With September’s year-over-year growth of 6.8 percent for multifamily rentals, multifamily rents reached a new record high of $1,167 in September, while also increasing to the highest year-over-year growth of the post-recession cycle, according to the most recent edition of Matrix Monthly by Yardi. The report says rents have risen …
As nationalmortgagenews informs MHProNews, sales of single-family homes and condos are on course to reach an eight-year high, according to RealtyTrac‘s U. S. Home Sales Report for August. 1,947,028 homes were purchased through the first eight months of the year, which represents a 5.4 percent increase over 2014. The last …
Pre-existing Home Sales on High Track for 2015, while Pending Home Sales Slip Read More
A June 2015 Freddie Mac survey reveals that 55 percent of renters of both single-family homes and multifamily homes plan to continue renting in the next three years, although 67 percent of multifamily renters and 60 percent of single-family renters say they are satisfied with their rental experience. However, 53 …
Single-family Renter Households more Likely to Buy Read More
What’s New in public focused Manufactured HomeLivingNews.com The Kennedy – Model Home Video Tour – New Durham Estates, Westville, IN Jack and Betsy Norman, Whispering Pines 55+ Manufactured Home Community, Somerset, PA What’s New in Manufactured Housing Industry Professional News Justice Dept. settles two MHC discrimination suits. Judge clears path …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015 Read More
According to what multifamilyexecutive tells MHProNews, demand for more housing units is expected to reach 13.9 million to 15.9 million by 2024 as more households are formed. “Household formation has been depressed in recent years by a long, jobless recovery and by a lull in the growth of the working …
MBA Report: Household Formation may Rise to Nearly 16 million by 2024 Read More
Sales of new homes in August rose sharply to a seven-year high, increasing 5.7 percent to a seasonally-adjusted annual rate (SAAR) of 552,000, well above forecasts of economists surveyed by Bloomberg. July’s rate was revised upward to 522,000 from 507,000, according to the Commerce Dept., as homebuyers continue to take …
New Home Sales Rise in August, but Fed Head Concerned Read More
At a meeting of the 350-member Manufactured Home Park Owners Alliance (MHPOA) of British Columbia, Canada the buzz was about the sale of communities, which has quickly become a hot real estate sector. Last year 22 manufactured home communities (MHCs) sold, with a transaction value of $30.7 million, a 26 …
More Manufactured Home Community Development Sought in BC Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes fell 4.8 percent in August to a seasonally-adjusted annual rate (SAAR) of 5.31 million, below the 5.51 million economists polled by Reuters anticipated. Year-over-year sales were up 6.2 percent, but the monthly drop is a cautionary indicator, …
Based on rent and occupancy trends from July 2005 to July 2015 in Colorado, benzinga informs MHProNews that Datacomp reports occupancy rates in 55+ manufactured home communities (MHCs) have risen for the third consecutive year, and now stands at 90 percent, up 1.4 percent over July 2014. The national average …
Rent, Occupancy in Colorado Manufactured Home Communities Rise Read More
The Commerce Department informs MHProNews that housing starts—single-family and multifamily– in August fell 3.0 percent to a seasonally-adjusted annual rate (SAAR) of 1.13 million units, below the 1.17 million unit pace economists had predicted, while building permits rose 3.5 percent to a 1.17 million pace after declining 15.5 percent in …
Housing Starts Fall in August while Building Permits Rise Read More
According to cnbc, the National Association of Home Builders (NAHB) reports the Housing Market Index (HMI) of builder sentiment rose to 62 in September, the highest level since 2005, and now in positive territory (above 50) since July, 2014. “The HMI shows that single-family housing is making solid progress,” said …
According to columbiatribune, the Consumer Financial Protection Bureau (CFPB) reports baby boomers are carrying mortgage debt into retiring years. The percentage of homeowners 65 and older with mortgage debt rose from 22 percent in 2001 to 30 percent in 2011, and among homeowners 75 and older, the rate more than …
With concerns over the high cost of housing in New Zealand, the Auckland Home Show emphasized smaller and more economical options, according to stuff.co.nz. One of the small-living products was modular Ecotech homes, imported from China and then assembled on site. The process from order to completion takes four months. …
Modular Homes being Imported from China to New Zealand Read More
The Fannie Mae Home Purchase Sentiment Index (HPSI) in the last couple of months dropped to 80.8 from it record high set in June of 84.7, although it is up from a year ago and has stayed within a five-point range since one year ago. Fannie Mae Chief Economist Doug …
Housing Sector Continues to Chug Along, although Consumer Confidence Lags Read More
