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Sunday Morning Recap-Manufactured Housing Industry News July 19-July 26, 2015 Read More
The Williams County Commission in Williston, North Dakota voted to adopt new guidelines putting restrictions on new or renewed applications for temporary housing as of August 1, 2015, as willistonherald reports. As the price of oil has fallen and the demand for oilfield workers has subsided, the commission is phasing …
Temporary Modular Housing being Restricted in Bakken Oilfield Read More
Existing home sales increased 3.2% to a seasonally adjusted annual rate of 5.49 million in June, according to usatoday, selling at the fastest rate in eight years. Chief Economist for the National Association of Realtors (NAR), Lawrence Yun says “Buyers have come back in force, leading to the strongest past …
As the housing recovery sputters along from the Great Recession, trying to overcome the lowest percentage of homeownership in 20 years (63%), even with the aid of artificially maintained low interest rates, people are moving away from the McMansions with their high maintenance and trophy appearance, and paying more attention …
Marking the 13th consecutive month reading above 50, and hitting the highest point in nearly a decade, the National Association of Home Builders/Wells Fargo builders confidence gauge high 60 this month. Any number above 50 signals that builders are optimistic about sales trends, according to marketwatch. “This month’s reading is …
According to dailyherald, a shortage of buildable lots is the latest blow to what has become a modest housing recovery, the National Association of Home Builders (NAHB) tells MHProNews, as 62 percent of home builders say the availability of lots is low to very low in their areas. This marks …
Buildable Lots Shortage Indicates continuing Tepid Housing Recovery Read More
According to the National Association of Real Estate Investment Trusts (REIT), in the first six months of 2015 manufactured homes were the REIT industry’s best performers, posting a 3.75 percent return. Self storage REITs came in a close second at 3.72 percent. Apartments gained +0.82 % during the first half, …
While the startribune informs MHProNews that manufactured homes (MH) were the original affordable housing in rural and suburban Minnesota, in the twin cities area of Minneapolis-St. Paul the number of occupied MH has fallen 12 percent since 2001 to 13,660 homes. Nationally, the number of manufactured homes shipped dropped drastically …
Demand Continues for Manufactured Homes in the Twin Cities Read More
Our goal in presenting news and views from the manufactured and modular home industry is to help you, our readers, make the best possible decision in your business. To that end, we continue to upgrade our presentation to better inform you. In this week’s news you will read of developments …
Manufactured Housing’s Sunday Morning Weekly News Recap June 28 to July 5, 2015 Read More
While many housing numbers are showing sometimes staggered but overall general improvement, employment in the residential construction industry dropped by 6,100 jobs last month, the weakest numbers in five years. Residential specialty contractor jobs increased by 3,700 jobs, resulting in a net loss of 2,400 slots. The three-month moving average …
Noting that the current rate of homeownership of 63.8 percent is the lowest since 1989, A. Mechele Dickerson writes in nationalmortgagenews that the housing industry needs to be more creative in the housing it builds, and local jurisdictions need to be more flexible in the types of housing allowed in …
Home Ownership for Millennials could Lead to Manufactured Homes Read More
Hitting the highest rate since Feb. 2008, new single-family home sales in May 2015 rose 2.2 percent, hitting a seasonally annual-adjusted rate (SAAR) of 546,000, based on data released by the Department of Housing and Urban Development (HUD) and the Census Bureau. The rate was 19.5 percent above last May’s …
New Single-Family Home Sales Reach Highest Point in Seven Years Read More
Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) rose +4.21 percent over the last week and +2.24 percent in the last four weeks, earning a consensus recommendation of “Buy” from analysts. The shares have outperformed the S&P 500 by 3.42 percent in the last week, and by 3.02 percent over the …
Manufactured Home Community Owner ELS outpaces S&P 500 Read More
The National Association of Realtors (NAR) reports sales of existing homes rose 5.1 percent in May over April to their highest level since 2009. Existing home sales in May were 9.2 percent over May 2014, according to bizjournals, and year-over-year sales have risen for the past eight months. In addition, …
Existing Home Sales, First-Time Home Buyers both Rise Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures …
Overall U. S. home starts fell 11.1 percent in May after notching the largest monthly gain in 24 years in April, according to usnews. While May’s figures were 5.4 percent above a year ago, the rate at which homebuilders began new homes in May was 1.036 million, a drop from …
While Home Starts Fall, Housing Permits Rise in May Read More
GC Blackstone, a commercial and residential building and development company subsidiary of Concordis Group, Inc. (CNGI:OTC) is planning a micro modular apartment building in Dallas with 60 units to address the need for affordable housing in this high cost market. Designed for the urban millennial, the housing will offer the …
Concordis Developing Micro Modular Units in Urban Settings Read More
The world’s largest retirement community, which is also the fastest growing city in the U. S., is expanding to include additional senior living facilities nearby. With a growth rate of 5.4 percent for the 12 months ending July, 2014, The Villages in Florida grew from 51,442 people in 2010 to …
Florida’s The Villages Expanding Continuum of Care for Seniors Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June, more than expected, from 54 to 59 points, hitting its highest level since September, 2014, indicating confidence among home builders. While any number above 50 indicates builders see conditions as favorable, Reuters says …
While the focus of homebuilding has been on the larger homes, the future may see more moderately priced smaller homes as the industry tries to lure consumers, especially first-time buyers, back into the homeowner fold, as the National Association of Home Builders (NAHB) tells mpamag. However, Census Bureau data reports …
