CNNMoney informs MHProNews the S&P Case-Shiller index of home prices in 20 major markets rose 9.3 percent in Feb. over the last 12 months, an increase from January’s 8.1 percent rise, and the biggest gain in home prices since May 2006. Over a five-year period through May 2012, the index …
MHProNews has learned from HousingWire the National Association of Realtors (NAR) says its pending home sales index (PHSI) rose 1.5 percent to 105.7 in March after sliding 0.4 percent in Feb., but the index is seven percent above the 98.8 reading in March 2012. The index is based on 2001 …
As nationalmortgagenews tells MHProNews, according to the Zillow Home Valaue Index, the home value appreciation rate slowed in the first quarter, dropping to 0.5 percent, as compared to 2.1 percent in the last quarter of 2012, even though overall national home prices rose in March for the 16th consecutive month. …
Noting that baby boomers are poorer than their parents, with half of those facing retirement having less than $10,000 in the bank and one of six of them living in poverty, psmag informs MHProNews the residents of the 333 factory-built homes at Pismo Dunes Senior Park in central Calif. have …
According to nationalmortgagenews, banks are the ones walking away from vacant homes these days, starting but not completing the foreclosure process because they do not want the responsibility for maintaining the property, resulting in hundreds of thousands of homes being withheld from the market. In some cases, homeowners who have …
Abandoned Homes Continuing to Hold Back the Market? Read More
The National Association of Home Builders reports newly-released figures from the Dept. of Housing and Urban Development (HUD) and the Census Bureau indicate sales of newly-built single-family homes rose 1.5 percent in March, a seasonally-adjusted annual rate of 417,000 units. Says NAHB Chief Economist David Crowe, “The latest sales report …
MHProNews has learned while many indicators continue to show improvement in the housing market, sales of existing homes nudged down 0.6 percent in March from Feb. to an annualized rate of 492,000, but rose 10.3 percent from last Feb. CNNMoney reports average time homes were on the market fell from …
CNNMoney tells MHProNews some industry experts forecast the housing recovery may not last. While home prices have risen eight percent, investors are driving the surge, taking advantage of low interest rates and depressed home prices. When rates and home prices rise, the recovery may stall, especially as investors receive a …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) survey reports builder confidence dropped two points to a composite score of 42 in March as concerns over rising material costs, tight credit, shortages of skilled labor and available lots nag at the market for newly built, single-family …
PrairieBizMag reports from Grand Forks, ND, not long after a Blue Ribbon Commission on Housing determined the city has a housing shortage, especially affordable housing, plans for new developments have been announced and a home-buyers assistance program has been created for the city. The commission determined the housing shortage was …
As MHProNews has learned from CNNMoney, the seasonally-adjusted annual rate (SAAR) of housing starts topped one million in March for the first time since June 2008, 1.4 million, seven percent better than Feb. 2013 and a 47 percent improvement since last March, primarily attributable to the growth in multifamily construction …
NationalMortgageNews informs MHProNews the composite index default rate for first time mortgages gained five basis points from February, 2013 and a 46 basis point improvement from March a year ago, according to S&P/Experian Consumer Credit Default Indexes. The composite index for first mortgage loans ended March at 1.41%, compared to …
MHProNews has learned from the National Association of Home Builders (NAHB) figures released by HUD and the Census Bureau indicate total housing starts—single-family and multifamily– rose by seven percent in March, propelled by a 31.1 percent increase in new multifamily construction. As we have reported several times earlier, the rental …
BusinessInsider tells MHProNews the chief economist at Gluskin Sheff, David Rosenberg, citing the drop in mortgage applications from a year-over-year rate of 16% in Jan. 2013 to only three percent today—they fell 1.3 percent the week ending April 5– says U. S. housing demand is beginning to slow. He says …
CNNMoney tells MHProNews evidence strongly suggests the real estate nightmare is coming to an end, as, according to data provider CoreLogic, home prices over the past year rose in 92 of the 100 largest real estate markets. Sales volume increased in 69 of the top 100 markets and 35 showed …
According to what HousingWire tells MHProNews, 70 percent of lender professionals believe the housing recovery is real, and will continue to improve during the coming six months. Sixty percent of bankers think credit will be available over the next six months for refinancings, and 59 percent say credit will be …
In addressing the strength of the housing market recovery, as HousingWire tells MHProNews, experts expressed different views. Anthony Sanders, professor of real estate finance at George Mason University, says the market is improving, but slow job growth, stagnant incomes (except for the top five percent), and increasing government involvement are …
The National Association of Home Builders/First American Improving Markets Index (IMI) informs MHProNews the list of improving housing markets remains virtually unchanged from last month. Five new markets showed improvements in employment, housing permits and home prices for at least six months, while six fell from the ratings. NAHB Chief …
IMSoup reports from Austin, Texas more people are interested in modular homes this year than in 2012, as the traditionally strong home-buying season begins. Modular Homes Network reports a nearly 25 percent increase in interest in modular homes for March 2013, especially in Houston, Austin, Dallas and San Antonio. As …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics from the Dept. of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes hit 4,151 units in Feb. 2013, six more than the 4,145 in Feb. 2012. Total industry production for 2013 is 3.2 percent higher than …
