As housingwire informs MHProNews, the latest report from CoreLogic says home prices nationwide rose 5.6 percent in Feb. 2015 over Feb. 2014, but increased only 1.1 percent from Jan. 2015 to Feb. 2015, indicating home price growth may only be temporary. Analysts are concerned that stagnant wage growth may hold …
Home Prices have Risen Monthly for over Three Years Read More
Following up on an article MHProNews published April 3, 2015 regarding the continuing rise in new HUD Code manufactured home shipments, we have learned from the Manufactured Housing Institute (MHI) shipments of single-section homes rose 13.6 percent and multi-section increased 6.1 percent Feb. 2015 over Feb. 2014. Total floors shipped …
Single and MultiSection Manufactured Home Production up in February Read More
HUD Code production continues rising, China going modular, Cavco Acquisition, Affordable housing lags, New MHC in Arizona, Inmates Building Modular Homes, Champion Partners with Winnebago, MHCC Suggests Multifamily HUD Code Homes and more. Mon., March 30 Rising Land Values Force Older Manufactured Home Communities Out China Choosing Modular for Hotels, …
The Manufactured Housing Association for Regulatory Reform tells MHProNews that industry production of HUD Code homes continued to grow during Feb. 2015. According to statistics from the U. S. Department of Housing and Urban Development (HUD), 4,803 homes were produced in Feb. 2015, a 10.1 percent increase over the 4,361 …
Manufactured Home Production Continues its Ascendancy Read More
The Conference Board’s Consumer Confidence Index hit 101.3 in March, as rvbusiness has learned from CNBC, beating estimates. Economists surveyed by Reuters anticipated a reading of 96.2. February’s reading was revised from 96.4 to 98.8. Further, the proportion of consumers expecting their incomes to grow rose from 16.4 percent to …
The National Association of Realtors (NAR) tells MHProNews their Pending Home Sales Index, based on contract signings, rose 3.1 percent in Feb. to 106.9 from a revised Jan. index of 103.7, 12 percent above last Feb.’s mark of 95.4. (An index of 100 represents an average level of contract activity.) …
Pending Home Sales, First-time Homebuyers Rise in Feb. Read More
MHProNews has learned from nationalmortgagenews a recent report by Zillow states that population growth has outpaced the growth of housing in many areas across the country, especially affordable housing. The cities that are in step have either experienced low population growth or have maintained a steady growth of new housing. …
MHProNews has learned from townhall.finance that based on the U. S. government’s data, from 1984 to 2013, Americans have increased their household share of annual expenditures on housing, life insurance, pensions, education, health care and charitable contributions. Meanwhile, the per household share spent on transportation, apparel, food and alcoholic beverages, …
All across Florida many manufactured home communities (MHCs), often filled with pre-HUD Code homes, many of which are too decrepit to move or do not meet construction standards required in other communities, are being re-purposed and developed into more lucrative uses. Some are on scenic waterways that were out of …
Rising Land Values Force Older Manufactured Home Communities Out Read More
According to what housingwire tells MHProNews, Motley Fool got opinions from three of their analysts abut the effect of rising interest rates, which the Federal Reserve will very likely raise in either the second or third quarter. Matt Frankel says marginally higher interest rates will not impact the real estate …
Will Higher Interest Rates Affect the Housing Market? Read More
Warning that Australia is decades behind in the modular building industry, renowned construction adviser David Chandler says the country could lose out on over $30 billion annually as well as 75,000 construction jobs. BIS Shrapnel research analyst James Middleton tells MHProNews the market is being hampered by fears that modular …
Australian Builders Encouraged to Study Modular Techniques Read More
While housing starts fell 17 percent in February, as the National Association of Home Builders informs MHProNews, newly built, single-family home sales rose 7.8 percent for the same month to a seasonally annual adjusted rate of 539,000 units. Utilizing data from the U. S. Department of Housing and Urban (HUD) …
New and Existing Home Sales Rise; Housing Starts Plunge Read More
While noting that stocks for companies with strong ties to the housing market are doing well–homebuilder KB Home, Lowe’s, Sherwin Williams, Whirlpool appliances—CNNMoney tells MHPronews the refinancing impetus may be over. Despite high home sales last month, if mortgage rates start to move higher, as the Federal Reserve suggests, the …
Inhabitat tells MHProNews that Taco Bell has rolled out a modular Taco Bell stand at the SXSW movie and music festival in Austin, Texas. Constructed of three shipping containers, the iconic restaurant is testing the concept to determine consumer reaction as it seeks to expand across the nation. Assembled in …
jAy, Caramba!! Taco Bell tests Prototype Modular Food Stand Read More
The Commerce Department reports housing starts fell 17 percent in Feb. to their lowest level since Jan., 2014, to a seasonally adjusted annual rate (SAAR) of 897,000, although the future bodes well as permits for housing construction increased by three percent in Feb. “A weak first quarter is now a …
This graph received by MHProNews from Rob Ripperda of the Texas Manufactured Housing Association (TMHA) depicts sales of new and used manufactured homes in Texas for 2013 thru 2014. Numbers may change slightly for December as we are just past the 75-day time reporting deadline. Texas leads all other states …
The National Association of Home Builders (NAHB) informs MHProNews that builder confidence for for newly-built, single-family homes dropped two points in March on the NAHB/Wells Fargo Housing Market Index (MHI), hitting the lowest point in eight months. NAHB Chief Economist David Crowe and Chairman Tom Woods, noting the index remains …
Builders of Stick-Built Homes Indicate Slight Confidence Drop Read More
In a sign that the home-building industry is set for a busy spring season, John Burns Real Estate Consulting Inc. reports a survey of home builders indicates Feb. 2015 sales were up 12 percent from the same month last year. Gains were strongest in the West and Northwest, he says …
The Manufactured Housing Institute (MHI) informs MHProNews in its monthly economic report that the 4,942 shipments of HUD Code manufactured homes in January 2015 represents an increase of 14.7 percent over January 2014. MHI reports shipments of single-section homes rose by 28.8 percent over the same month last year, and …
HUD Code Production Rises; Number of Producers Declines Read More
Luci Ellis, the Australian Reserve Bank’s head of financial stability, addressing a Sydney University urban planning forum, says housing crashes do not increase affordability. “Housing prices are lower, yes, but capacity to pay is also lower,” she notes. Professor Kirk McClure of the University of Kansas, while noting the U. …
Australia Taking Lessons from U. S. Housing Crisis Read More
