HousingWire informs MHProNews that in January, 2013 applications for loans insured by the Federal Housing Administration (FHA) rose to 147,509, an increase from 127,057 in December and up from 126,835 January 2012. In January the FHA insured 134,461 single-family homes, an increase from 113,856 the prior month and 102,011 from …
Writing in the albirminghamnews, Professor Scott Bealuier of Troy University says to speak of a housing market recovery is premature. He says the recovery so far is minor when compared to what the housing market was pre 2006. It’s now a government-driven recovery supported by the Fed’s monthly purchase of …
RVBusinses informs MHProNews Elkhart County, Indiana led the nation in job growth for the period Sept 2011 to Sept. 2012 for the largest U. S. counties, with 6.9 percent versus the national rate of 1.6 percent, according to the Bureau of Labor Statistics. While Elkhart hosts several component suppliers to …
MHProNews has learned from HousingWire housing analyst firm RealtyTrac reports foreclosure activity rose to 1.5 million in the first quarter of 2013, nine percent more than the same period in 2012, but considerably less than the peak 2.2 million in December 2010. Daren Blomquist, vice president at RealtyTrac, says, “Delinquent …
According to nationalmortgagenews the sale of new single-family homes dropped in February 4.6 percent from January on a seasonally-adjusted annual rate (SAAR) to 411,000, although last month’s sales still rose 12.3 percent over February 2012. The seasonally adjusted number of new homes available at the end of February hit 152,000, …
Reuters informs MHProNews despite the tightness of credit for residential mortgages, the housing market is threatening to take the lead from manufacturing in terms of overall economic activity, as home prices posted their largest year-over-year gain in six and-one-half years in January. While core durable capital goods orders (non-defense and …
According to nationalmortggenews, Lender Processing Services (LPS) informs MHProNews home prices in January, 2013 rose 0.3 percent from the previous month. In its survey of 15,500 zip codes, the Home Price Index (HPI) rose 6.7 percent from January 2012. The largest month-over-month gain was 1.6 percent in Georgia, while the …
Very much in line with what we have been hearing, CNNMoney tells MHProNews the National Association of Realtors reports the sale of existing homes reached a seasonally-adjusted annual rate (SAAR) of 4.98 million in February, ten percent above February 2012 but only slightly better than January 2013. It was the …
According to nationalmortgagenews, home sales in Florida are up over ten percent in Feb. compared to Feb. 2012, marking the 14th consecutive month of increasing year-over-year sales. Pending sales are up 27 percent for the same time period, and the median sales price of $150,000 has risen 13 percent from …
BuilderOnLine tells MHProNews that at the International Builders Show in Las Vegas in Jan., Champion Enterprises’ Director of Marketing, Kevin Flaherty, was surprised at the standing-room-only turnout for his presentation on modular housing. As the housing recovery continues to take hold, and the construction industry is trying to regroup some …
From the dead center of Washington state, wenatcheeworld informs MHProNews the sale of houses priced at $250,000 or below sparked a 40 percent increase of home sales over the first two months of 2012, typically one of the slower periods of the year. “Put an entry-level home on the market …
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for March marks the second consecutive month in which every state is represented on the improving markets list by at least one metropolitan market. The IMI gauges increases in employment, housing permits, and housing prices for six consecutive …
The nytimes informs MHProNews the turnaround in the housing industry has led to such a shortage of existing homes for sale that would-be buyers in some areas are reluctant to list their homes for fear it will sell before they can find a replacement. Others are waiting to see how …
According to baltimoresun, while new home construction is on the rise in Harford County, MD just northeast of Baltimore, it is well below the 1,800 to 2,000 residential permits issued in the early 2000’s. In 2012 the county issued 450 residential building permits for modular homes, townhomes, apartments and condos, …
CNNMoney says building permits spiked 34 percent from Feb. 2012-Feb. 2013, and rose five percent from Jan. 2013, the top month for permits since June 2008, according to Census Bureau figures. While the permits amounted to an annual rate of 946,000, housing starts hit an annual pace of 917,000 in …
Mitch Zacks of zacksinvestmentmanagement says one of the major factors driving the stock market as it hits new highs is the strength of the job market, which has witnessed the strongest period of job increases in over five years, and a concurrent drop in unemployment claims to a five-year low. …
According to nationalmortgagenews, the first-quarter Zillow home price expectations survey reveals that 118 economists, real estate specialists, investment and market analysts believe home prices will rise this year 4.2 percent and hit 22 percent over the next five years, exceeding pre-bubble rates by 2017. While the most optimistic respondents say …
With occupancy rates hovering near 97 percent in the South Florida apartment market, the bidding for Class A multi-units is so competitive many investors are seeking out lesser quality buildings, according to worldpropertychannel. In 2012 sales of multifamily units in the one million to ten million-dollar range reached $490 million, …
MarketPlace.org informs MHProNews Eric Belsky, managing director of the Joint Center for Housing Studies at Harvard University, says in 2010 more than 25 percent of renter households paid over 50 percent of their income for rent, an increase from 20 percent in 2000, putting more people at the risk of …
MarketWire says The Freedonia Group, Inc. of Cleveland, Ohio in a new study projects that manufactured housing production will rise 13.6 percent annually to 90,000 units by 2017 as part of the overall production of 140,000 pre-fabricated homes. Similar to a report MHProNews posted Feb. 28, 2013, Freedonia states factory-built …
