Tight Credit Choking Recovery?
According to the National Association of Home Builders (NAHB), even as the housing market begins to improve, the bottleneck of tight credit for builders as well as for consumers remains an obstacle to...
View ArticleSenior Housing Market Looking Up
The National Association of Home Builders (NAHB) informs MHProNews builder confidence in the 55+ housing market for single-family homes grew by ten points in the fourth quarter 2012 versus the same...
View ArticleFalling Inventory (and not much else) is Driving Prices
In describing the housing market as in “pre-covery” instead of “recovery”, the only factor that has really changed in the housing market is falling inventory, according to Jonathan Miller, writing on...
View ArticleMultifamily Construction Leading the Recovery
The National Association of Home Builders (NAHB) informs MHProNews multifamily will continue to lead the recovery of the overall housing market in the coming years, now standing at 70 percent of the...
View ArticleWill Pent-up Demand Continue Penting?
InvestorPlace informs MHProNews hordes of college grads unable to find work are moving back home, according to the Census Bureau. In addition to their education, they are carrying one trillion dollars...
View ArticleHome Purchase Still a Fantasy for Many
Noting the number of first-time home buyers has dropped 20 percent since 2009, the John Burns Real Estate Consulting firm tells Bloomberg’s BusinessWeek home ownership for 25 to 34 year-olds will...
View ArticleNew Record Low
Benzinga tells us the mortgage rate has found another hole that it has fallen through to a record low, as the 30-yr. fixed rate has hit 3.78% and the 15-yr. Fixed rate plunged to 3.08%, according to...
View ArticlePending Home Resales Fall
Bloomberg reports the National Association of Realtors (NAR) says the index of pending sales of previously-owned homes fell 5.5% in April, the highest rate in a year, on the heels of a 3.8 % gain in...
View ArticleHousing Recovery?
NationalMortgageNews says there were 2.4 million homes for sale at the end of the first quarter, 20 percent fewer than a year ago, which has helped stabilize prices for now. However, the 2.2 million...
View ArticleSale of Previously Occupied Homes Rise
The National Association of Realtors (NAR) says reports from across the country show existing home sales edged up 3.4 percent April over March, 2012 for every region of the country. While the increase...
View ArticleHousing Starts Edge Up in April
The National Association of Home Builders (NAHB) says U.S. Census figures and HUD statistics report April registered a 2.3 percent gain in housing starts, marking a 717,000 seasonally-adjusted annual...
View ArticleBuilder Confidence at Highest Point since 2007
The National Association of Home Builders (NAHB) tells MHProNews.com builder confidence as measured by the NAHB/Wells Fargo Housing Market Index (HMI) fell one point to 29 in March after five months of...
View ArticleInventory and Sale of New Homes Drop
The inventory of new homes on the market hit a new low in January, sinking to 151,000 units, equivalent to a 5.6 month supply, while sales of newly-built single-family homes in January declined by .09...
View ArticleMHI Sluggers come to Louisville, Part I
In speaking to a packed room at the Louisville Manufactured Housing Show Jan. 12, Joe Stegmayer, CEO of Cavco/Fleetwood and MHI Chairman told attendees about the ongoing efforts of MHI to advance the...
View ArticleFOMC Notes: What to Do, What to Do?
MHProNews.com has learned from NationalMortgageNews the minutes from the Federal Open Market Committee (FOMC) meeting Dec. 13 reveal disappointment that attempts by the government to stimulate a...
View ArticleFed Prepared to Act Again?
HousingWire reports the Federal Reserve says the ongoing tepid housing market continues to suppress economic recovery. Minutes from the Nov. 1-2 meeting of the Federal Open Market Committee (FOMC)...
View ArticleMillennials: Content to Rent?
U. S. Census Bureau statistics report only 36% of Americans under the age of 35 own a home, a drop from 42 percent in 2007, and the lowest level since 1982 when the Bureau began documenting the age of...
View ArticleSales of Existing Homes Fall
Marking the third consecutive month of falling sales, the National Association of Realtors (NAR) reports sales of previously-owned homes edged down 1.2 percent to a seasonally-adjusted annual rate of...
View ArticleMood Continues to Brighten for Home Builders
Builder confidence for new, single-family homes rose three points to 59, according to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), bringing the index to its...
View ArticleHousing Market Continues to Expand
The momentum of the housing recovery, despite tight credit, rising prices and low inventory, is in its early stages of recovery, and panelists at the Bipartisan Policy Center’s conference say the...
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