While modular housing is picking up steam on Long Island, especially in the wake of Hurricane Sandy as people realize construction time savings, it is causing more steam among the building trades as modules arrive with electric, heating and plumbing systems already built in. Plumbers see their jobs limited to …
Consternation arising from Modular Homes on Long Island Read More
Statistics from the National Association of Home Builders (NAHB) indicate modest improvement this month over March, and anticipates a traditional, solid, spring home-buying season. Based on employment, permits and price data, the NAHB/First American Leading Markets Index (LMI) reports 28 percent of metro areas experienced a rise in their score …
A new automation project for the rental industry allows tenants to unlock/lock their doors, set thermostats and lights and control appliances from anywhere with their smartphone. As 9news.com informs MHProNews.com, Denver-based Rentbits’ program, called Remotely, can also pay rent and arrange maintenance work. From the landlords’ perspective, the technology can …
The National Association of Home Builders (NAHB) says the most desirable features in a typical single-family home include walk-in closets in the master bedroom, low-e windows, a laundry room and a great room. Energy efficiency is also at the top of the list with Energy-Star appliances and windows, and programmable …
Large private-equity firms that own some 200,000 single-family rental homes across the country have formed the National Rental Home Council (NRHC) to represent to the public the benefits of professionally-managed rental homes. Rental demand in communities across the country is strong,” says Gary DeLapp, President of Invitation Homes. “Our members …
Institutional Investors Form Organization for Single-family Rental Homes Read More
The National Association of Home Builders (NAHB) reports sales of newly-built, single-family homes fell 3.3 percent to a seasonally annual adjusted rate (SAAR) of 440,000 units in February, 2014, based on data from the Census Bureau and the Department of Housing and Urban Development (HUD). “We still expect 2014 will …
According to The Wall Street Journal, private research group Conference Board reported its index of consumer confidence, which measures how consumers feel abut the future of the economy, rose to 82.3 percent in March from 78.3 percent in February, bettering the 78.6 percent economists expected for this month. Although the …
The National Association of Realtors (NAR) reports total existing home sales—single-family, townhomes, condos and co-ops–fell 0.4 percent in Feb. to a seasonally annual adjusted rate (SAAR) of 4.60 million, down from 4.62 million in January. Lawrence Yun, NAR Chief Economist, suggests the severe winter weather likely contributed to the drop. …
NAR Survey: Home Sales Down, Home Prices Up, Student Debt a Hindrance Read More
The National Association of Home Builders (NAHB)/Wells Fargo index of builder confidence rose to 47 in March from a reading of 46 in February. The gauge measures builders estimates of how the housing market is performing as it reflects the rising demand for new homes. Even as the traditional spring …
The National Mass Housing Development Programme in Namibia, Africa plans to build 185,000 modular houses by 2030 to ease the critical housing shortage. A Chinese-Namibian company called Afrina, a joint venture of the government with Sinotech Modular Housing of China, utilizes construction techniques that enable the building of a two-bedroom …
A survey conducted by the National Association of Home Builders (NAHB) in 2013 reveals housing data based on ethnic and racial considerations. The information could be valuable to builders when dealing with potential customers, as MHProNews.com has learned. Minority home buyers typically purchase a home at a younger age than …
Analysts at Barclays report more homeowners are staying current on their mortgages, thereby reducing the rate of delinquent loans, as housingwire.com informs MHProNews.com. The March Mortgage Credit Tracker says, however, the rate of foreclosure is rising, as is the foreclosure-to-REO (real estate-owned) hopper, bringing foreclosures back to the rate of …
According to CoreLogic, U. S. home prices increased in January by the strongest margin in seven years, up 12 percent from the previous Jan., marking the 23rd consecutive month of yearly increases, worldpropertychannel.com reports. Said Dr. Mark Fleming, chief economist for CoreLogic, “The last time January month-over-month and year-over-year price …
While the housing market helped lift the U. S. economy out of past recessions in 1981, 1990 and 2001, according to fxempire.com, it is not happening this time. Historically, residential investment has averaged five percent of gross domestic product (GDP), but it has only returned to three percent since the …
There is one number, often overlooked, that affects the growth of the housing sector as much as any other—the percent of the 25-to-34-year-olds who are working. Many of these young adults continue to live at home, which holds down household formation. As their employment numbers grow, they are more likely …
The National Association of Home Builders (NAHB) reports the Multifamily Production Index (MPI) fell slightly in the fourth quarter 2013 to 50, which means half of the builders saw the market as good and the other half as poor. The survey measures builders’ perceptions of three aspects of the market: …
Perception of Market by Multifamily Builders Falls Read More
Unusually severe weather combined with a shortage of available lots and labor led homebuilder confidence to fall ten points to 46, as determined by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The survey gauges current sales conditions, sales expectations in the coming six months, and …
Mortgage applications continued to fall compared to the previous week, falling 4.1% for the week ending Feb. 15, as the refinance share of mortgage dropped slightly to 61 percent of all apps. As the purchase index slipped 6% from one week earlier, the refinance index dropped three percent from the …
Mortgage Rates Rise Slightly as Mortgage Apps Drop Read More
While a tepid jobs report greeted the new year, leading to a slow start for the housing market, mortgage rates actually fell from early January to early February in the U. S., resulting in opportunities for refinance activity, according to worldpropertychannel.com. Noting that job and income growth are necessary for …
Housing Market Stymied by Rising Home Prices, Poor Jobs Report Read More
According to newly-released figures from the Census Bureau and the U. S. Department of Housing and Urban Development (HUD), housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, reports the National Association of Home Builders (NAHB). Of these, single-family housing starts accounted for …
