Posts Tagged ‘current market’

Pre-fab to Rise 15%, but not MH

February 28th, 2013 Comments off

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 analysis of the manufactured, modular, precut and panelized home building industries. Demand for the other three will be similar to stick-built single-family homes. Manufactured housing saw a decline beginning in 1998 as the economy slowed and MH borrowers defaulted, leaving repossessed homes competing with new ones. Through 2005, easy credit led borrowers into site built homes, which in turn led to what became the housing bubble and the Great Recession. As MHProNews documented monthly last year, MH production increased throughout 2012 but fell off towards the end of the year.

(Image credit: Fotosearch)

Consumer Confidence Nudges Up

August 17th, 2012 Comments off

HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any more optimism on the outlook as the expectations index fell more than one point to 64.5 versus 65.6 in July.” The Dow moved immediately higher in response to the news. As MHProNews has learned, while the numbers for the housing market improve, the overall economy continues to face substantial risks.

(Image credit: HousingWire)