HousingWire informs MHProNews, as the inventory of available homes continues to drop—Capital Economics says there are only 2.7 million units on the market, the sixth lowest in 30 years– homebuilders are patiently waiting for renters to transition into buyers. According to a survey by Opinion Research Corp. on behalf of …
In their monthly report, the Manufactured Housing Institute (MHI) informs MHProNews the 4,190 MH shipped in Jan. is a 6.2 percent increase in production of manufactured homes in Jan. 2013 over Jan. 2012, representing a rise in both single-section as well as multi-section homes. Total floors shipped in Jan. 2013 …
Number of MH Plants and Corporations Remains the Same Read More
“The appetite among lenders and investors for commercial and multifamily mortgages grew during the fourth quarter,” said Jamie Woodwell, Mortgage Bankers Association’s (MBA) vice president of commercial real estate research. “The fourth quarter saw the largest increase in commercial and multifamily mortgage debt outstanding since 2008.” HousingWire informs MHProNews outstanding …
According to originationnews, economists at Wells Fargo Securities have suggested that institutional investors account for 20 percent of existing home sales, but as the inventory of preferable distressed properties declines, investors may pull back from the market. Traditional homebuyers who need mortgages are not returning to the market in numbers …
WoodworkingNetwork informs MHProNews that Universal Forest Products, Inc. (NASDAQ:UFPI) has developed a “fiberized thermoplastic-mineral composite that replicates the fibrous structure of wood.” It’s durability, strength, stability, aesthetic, and workability are equal to or better than wood, and improves upon the strength of wood-plastic composites. Eovations, as it is called, can …
U.S. employers added 236,000 jobs in February, including 48,000 construction jobs, reflecting the upswing in the housing market. As MHProNews has learned from CNNMoney, the unemployment rate dropped to 7.7 percent, its lowest level since 2008. In the last five months builders have added 151,000 construction jobs, the highest number …
MHProNews has learned from the National Modular Housing Council (NMHC) shipments for Q4 2012 rose 4.3 percent from Q4 2011 to 3,206 homes. Compared to the fourth quarter of 2011, state shipment totals show 11 states had increases of shipments, 12 states indicated a decline, and 11 states experienced insignificant …
CNNMoney says ADP reports the private sector added 198,000 jobs in Feb., much more than the 150,000 economists were expecting, but well short of the 300,000 needed to fully stimulate the economy. Small businesses with under 50 employees added 77,000 workers, medium-sized businesses added 65,000, and large businesses with 500 …
HousingWire informs MHProNews the Federal Reserve’s February Beige Book of growth in economic activity indicates the real estate market in almost all the districts recorded strong improvement as inventories shrank and home prices rose. While in Philadelphia low-end prices were firm or rising and the prices of high-end homes were …
The National Association of Home Builders (NAHB) reports the Census Bureau’s biennial survey “Characteristics of Home Buyers” which covers 6.8 million home sales in 2009 and 2010, reveals price and proximity to work were the overriding concerns for first time home buyers. “The majority of trade-up buyers (36%),” says NAHB’s …
MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR), according to data from the Dept. of Housing and Urban Development (HUD), for the first month since Sept. 2012 the manufactured housing industry recorded an increase in production in Jan., 2013. HUD Code manufacturers turned out 4,242 homes, …
According to nationalmortgagenews, Fiserv Case Shiller predicts by the end of the year home prices will be on the rise in every metro area in the U. S., and conditions point to a continuous recovery in the housing market through 2017. Fiserv says the data that shows price increases were …
Speaking at a webinar about the improving housing market, Raj Dosaj, vice-president of the behavioral library and home price index at LPS Applied Analytics, says home prices could rise 35 percent without being beyond affordability. Displaying a graph that showed the ratio of the average mortgage payment to median income …
2012 saw underwater borrowers turn to short sales by a three to one margin over foreclosures, CNNMoney tells MHProNews. Foreclosures accounted for 11 percent of all sales, a drop from 13 percent the previous year, while short sales rose five percent year-over-year to 32 percent. Noting foreclosures on average in …
Rise in Short Sales Increases Price of Distressed Homes Read More
RnRMarketResearch reports demand for prefabricated housing will expand 15 percent annually through 2017, but manufactured housing’s share of that will fall as conventional mortgages become easier to obtain. The study, based on data from 2002, 2007, and 2012, is combined with current market conditions, industry structure and competition in its …
Due to the low inventory of previously-owned homes, the National Association of Realtors (NAR) predicts existing home sales will reach five million this year, a 7.3 percent increase from last year, although total sales for the year will rise less than in 2012, as originationnews informs MHProNews. Tight inventories are …
The National Association of Home Builders (NAHB) informs MHProNews, according to figures released by HUD and the U. S. Census Bureau, sales of single-family, newly-built homes increased 15.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 437,000 units. Every region experienced solid gains in new home sales—27.6 percent …
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), in the final quarter of 2012 74.9 percent of all homes sold in the U. S. were affordable to households making the U. S. median income of $65,000, up from 74.1 percent in the previous quarter. …
Not long ago Florida had one of the highest foreclosure rates in the country. As HousingWire informs MHProNews, in Jan. closed sales of existing single-family homes rose 11.7 percent over last Jan. to 13,679, while pending home sales for existing single-family homes jumped 31 percent versus last year. The median …
As modularhomecoach tells MHProNews, in blasting the lack of positive PR for the modular housing industry, the blog says neither the National Association of Home Builders (NAHB) nor the Modular Building Systems Association (MBSA) cares if Baby is left in the corner, but like Johnny says in Dirty Dancing, “nobody …
