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Posts Tagged ‘Realtor’

Meet ÖÖD, $50,000 Mirrored PreFab Installs in 8 hours

June 8th, 2017 Comments off

MirroredGlassPreFabOOD50kPreFabModularManufacturedHomeDailyBusinessNewsMHProNewsPrefab goes in disguise with these sleek tiny dwellings from Estonian company ÖÖD. With mirrored glass facades—reminiscent of Portuguese prefabs inspired by minimalist artists—ÖÖD homes blend into their surroundings, appearing especially sublime in rural or natural landscapes,” crows Curbed.

Designboom sings, “ÖÖD promises that in eight hours anyone can build up their own pre-fabricated house or even start an accommodation business similar to AirBnB. The concept, born in Estonia, introduces the ÖÖD house / hotel room as a well-designed, mini dwelling offering a compact but comfortable 200 square feet space composed of a bed, kitchenette and bathroom.”

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Treehugger trumpets, “Mirrored glass prefab from ÖÖD is an instant AirBnB.”

Meet ÖÖD, $50,000 Estonian Mirrored PreFab

The unit is designed to be a hotel room type of structure. With stylish mirrored glass, and iconic styling that oozes class, the units are a cool $250 per square foot, so no threat to HUD Code manufactured homes most aggressive price point.

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Photo credits, Curbed, ÖÖD.

ÖÖD is another reminder, though, that the media croons over prefab, tiny houses and even pricey prefabs.  In a recent report, we noted that CNN favorably touted modular and prefab homes.

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Photo credits, Curbed, ÖÖD.

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Photo credits, Curbed, ÖÖD.

Some industry pros might wonder…where’s the love for manufactured homes?

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Photo credits, Curbed, ÖÖD.

Love for the HUD Code’s manufactured homes is out there, increasingly, to be sure – as MHLivingNews routinely reports.  But there’s more downer stories than positive ones, a fact the industry’s professionals must routinely respond to as they arise.

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Given the U.S. affordable housing crisis, the home above at about 1/5 of the cost per square foot of an OOD, this home and its value looks pretty amazing, doesn’t it?

But the hunger and thirst for stylish, affordable factory built homes is there for those in the HUD Code industry – and other parts of factory built housing – for all of those with the eyes to see. ##

(Image credits are as shown above, and when provided by third parties, are provided under fair use guidelines).

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News on MHProNews.com.

Generation Buy? Millennials and Home Ownership

May 16th, 2017 Comments off
ManufacturedHousingHighlyEffectiveUrbanInfillcreditCandysDirt-postedtothedailybusinessnewsmhpronewsmhlivingnews

The inside of a Fourleaf Properties manufactured home in Dallas, Texas. Credit: Candy’s Dirt.

New figures out from HSBC show some unexpected and interesting figures on how millennials around the world are dealing with homeownership.

And according to one billionaire, the big barrier for some includes avocados and coffee.

When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” said Tim Gurner, a billionaire luxury real estate developer in Australia.

According to the Daily Caller, while adults in America born after 1980 are slower to buy their first home than their parents, even with access to better rates and more credit, the situation in Australia is worse: millennials are second to last worldwide in homeownership.

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Avocados stopping home buying? Credit: Daily Caller.

And Gurner has some serious “dad” style advice to help them along.

You have to start to get realistic about your expectations,” said Gurner.

There is no question we are at a point now where the expectations of younger people are very, very high. The people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property investment ladder.”

Young people want to eat out every day, they want to travel to Europe every year,” Gurner continued. “This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.”

 

China Winning?

The study from HSBC, entitled “Generation Buy,” breaks out millennial homeownership figures from countries around the world, showing that an average of 40 percent of millennials own their home, and a whopping 83 percent intend to buy within the next five years.

The nation that’s leading that charge may surprise you: China.

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Credit: HSBC.

70 percent of Chinese millennials already own their homes, with 91 percent planning to buy a house within the next five years. Mexico came in second in the study at 46 percent and France finished third with 41 percent.

This study challenges the myth that the home ownership dream is dead for millennials around the world,” said Louisa Cheang, HSBC’s Global Head of Retail Banking.

With four in ten already owning their home, the dream of home ownership for millennials is definitely alive and kicking. The greatest challenges are in those countries where there is a perfect storm of stagnating salaries and rising house prices – for millennials in those countries, the dream, while not dead, looks set to be deferred.”

 

Millennials and Manufactured Housing

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Johnathan Smoke. Credit: Move.com.

Many of the challenges and desires of millennials read like a list tailor-made for modern manufactured homes. Greener, more affordable, a choice of sizes, styles and customizable floor plans.

Millennials “represent an ‘Oh, shift’ moment in housing,” said Jonathan Smoke, chief economist for Realtor.

Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said millennial Lindsey Bostick of Bostick Homes.

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Image credits, Lindsey Bostick, Inside MH Road Show, home photo, Sunshine Homes and ManufacturedHomes.com.

Bostick has lived in several kinds of housing, and now is a manufactured homeowner herself, so she knows.

Today’s manufactured homes can look and live like a conventional, site-built house, and can be half the price of new construction. Additionally, many manufactured homes are Energy Star rated, so they are more efficient than older, existing homes,” the university-graduated Bostick said.

For more on millennials and their desire for quality, affordable housing, click here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

NAR – Millennials Want Quality Affordable Homes to Buy in 2017

January 19th, 2017 Comments off
NARMillennialsWantQualityAffordableHomestoBuyin2017credtiMHLivingNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: MHLivingNews.

The times are changing, and so are the demographics.

Research from the National Association of Realtors (NAR) states that in 2017, more than half of all first-time homebuyers will be a millennial.

The Digital Journal and hundreds of other media and special interest websites have picked up the exclusive MHLivingNews story, “Millennials Will Surge Housing in 2017, Want to Buy Quality Affordable Homes.

The millennial generation is now the nation’s largest age group, according to the U.S. Census Bureau,” Arkansas State University said in a marketing report. “These young adults, between the ages of 18-34, are digital natives with enormous social influence and purchasing power. Millennials dominate the workforce and the consumer market.

The millennial influence shows in the numbers.

In sharp contrast with 2016, when only 33% of people planning to buy a home were first-time buyers,” said Realtor’s ® writer Cicely Wedgeworth, “52% of buyers with their eye on a home purchase next year will be first-timers. And 61% of those are under age 35.LindseyBostick-SunshineHomesManufacturedHousingIndustryDailyBusinessNewsMHProNews

Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said Lindsey Bostick of Sunshine Homes, who also happens to be a millennial that has lived in different types of housing.

The full story on MHLivingNews is linked here. ##

(Editor’s Note: Lindsey Bostick and Sunshine Homes will at the show in Louisville this week, offering tips for those who want to connect with the Millennials market in 2017. For more details, click here.)

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Emerging Mainstream News Trend? Are Positive Manufactured Home Reports Increasing?

September 27th, 2016 Comments off
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Photo credits, Sunshine Homes – Red Bay AL, by ManufacturedHomes.

As the U.S. population rises, the steady growth of the mainstream housing market probably comes as a surprise to few. What may come as a surprise to veteran HUD Code manufactured housing professionals is that an affordable housing option –– manufactured homes! – has had a suddenly flurry of positive coverage, by mainstream news outlets.

Bloomberg, HousingWire, Realtor and Fox News have all recently published articles that celebrate the wonders of modern manufactured housing.

Bloomberg’s report showed that the average sales price for a new manufactured home could cost close to well less than half the cost of a site-built home.

So why aren’t more aspiring homeowners with a limited budget opting for manufactured homes? What can the industry do to supplement this recent influx of positive mainstream media reports?

Some possible answers to these questions—complete with photos, illustrations and videos – can be found at full story, linked here. ##

(Image credits are as shown above.)

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Joe Dyton, for the Daily Business News, MHProNews.

Submitted by Joe Dyton for the Daily Business News, MHProNews.

Modular Container Home in High-end Calif. Market

July 1st, 2016 Comments off

calif__san_diego__modular_container_home__realtor__creditPeople walking through a sleek new design home in San Diego overlooking the Pacific do not realize it is made of recycled shipping containers until they are told, as realtor tells MHProNews. There’s a stigma, a misperception,” listing agent Jonathan Sanders says of the modular construction which his company and another one designed and built.

The green design, 1,920 sq. ft. modular container home has three bedrooms, 2.5 bathrooms, a pine exterior stained in four shades, eight-foot doors, oversize windows, a modern kitchen with quartz counter tops and even a backyard. The 384 sq. ft. top deck offers unbelievable views, and because the weather is so mild and rarely rains, that space could easily be added to the size of the home.

At $799,000, and in one of the hottest markets in the nation, the modular home is not in the affordable category, but because of its structure based on containers, “You could ship [the home] to Bali in 10 years if you wanted to move,” Sanders says. “They’re international shipping containers. They go on anything as a standardized shipping method. There are a lot of perks.” He adds the price point is high, but the price per square foot in this market is low. ##

(Photo credit: realtor–modular container home in San Diego)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver and posted to Daily Business News-MHProNews.

New Home Sales Surge in April, especially in the Northeast

May 25th, 2016 Comments off

new_house_sold___reutersGood news for the spring buying season came in the form of new home sales trumpeting 16.6% in April, the best monthly rate since 2008, as sales rose to a seasonally-adjusted annual rate (SAAR) of 619,000 units, up from 531,000 in March. According to the Commerce Department, as reported to MHProNews by thehill, the surge represents a 23.8 percent rise above the April 2015 estimate of 500,000.

Jonathan Smoke, chief economist at realtor.com, said that “at last we have a clear, statistically significant view that the new home market is having its best spring buying season in a decade.”

At the end of April, 2016 there were approximately only 243,000 new homes for sale, which amounts to a 4.7 month supply, down from 5.5 months in March.

The median sales prices of new homes sold in April was $321,100, while the average was $379,800.

Regionally, the biggest jump was in the Northeast where sales rose 52.8 percent. The West improved 18.8 percent and the South 15.8 percent. The Midwest saw a decline of 4.8 percent.

Robert Dietz of the National Association of Home Builders (NAHB) sees the increase as a sign of increased production to come, while Ralph McLaughlin of Trulia said “This should put to rest fears of an oncoming recession.” Ed Brady, also of the NAHB, says the surge is an indication “that growing demand will keep the housing sector on an upward trajectory through the spring buying season.”

MHProNews understands the volatility of the new home market, often highly changeable month to month, while the production of manufactured homes has been on a steady rise since the rebound of Aug. 2011. ##

(Photo credit: reuters)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Ten Cities where First-time Homebuyers can Find Deals

April 11th, 2016 Comments off

maine__portland__housingwire__creditAccording to realtor.com, housingwire informs MHProNews while two of the hottest housing markets are in the Pacific Northwest and Florida, that is no help to first-time homebuyers. A survey focusing on Millennials revealed the top ten out of 100 metropolitan areas where first-time homebuyers can still find a good deal based on the following criteria: affordability, job growth, mortgage availability, inventory and livability.

Number 10 is Virginia City, VA where the median price of a home is $256,000 and unemployment is five percent. Minneapolis ranks number nine with a median home price of $294,000 and an unemployment rate of 3.9 percent. Dayton, Ohio is in the eighth spot with a median home price of $115,000 and unemployment standing at 5.2 percent.

Ranked number seven is Baton Rouge, Louisiana, which registers a median home price of $217,000 and unemployment of 4.8 percent, below the national average. Harrisburg, Pennsylvania occupies the sixth spot, where the median price of a home is $168,000 and unemployment is 4.2 percent, also below the nation’s average. Number five is Albany, New York, with a median home price of $238,000 and unemployment standing at 4.5 percent.

Allentown, PA sports the fourth spot. It shows a median home price of $188,000 and unemployment of five percent. Number three is St. Louis, Missouri, which has median home price of $164,000 and unemployment standing at 5.2 percent. Number two is Philadelphia, PA, the sixth largest (by population) city in the nation which has a median home price of $222,000 and unemployment of 4.8 percent.

The number one city for first-time homebuyers is Portland, Maine with a median home price of $304,000 and unemployment of 3.3 percent. ##

(Photo credit: housingwire— coast of Maine)matthew-silver-daily-business-news-mhpronews-com

Article submitted by Matthew J> Silver to Daily Business News-MHProNews.

Building Permits, Groundbreakings Up for the Month and Year

December 17th, 2015 Comments off

home planning     theatlanticcities  creditResidential building permits rose 11 percent over October, 2015, and 19.5 percent higher than Nov. 2014, according to what realtor reports from the statistics issued by the Census Bureau and the Dept. of Housing and Urban Development (HUD). Multifamily building permits rose 30.8 percent month-over-month and 38.9 percent year-over-year. The West and the Midwest both reported gains of 22 percent in November. The South saw a 5.6 percent gain over the previous month, while in the Northeast there was no change.

MHProNews has learned housing starts moved up 10.5 percent from last month, and 16.5 percent up over last Nov. But numbers were mixed when it comes to completions: completions fell 3.2 percent from October but rose 9.2 percent over November 2014.

Realtor Economist Jonathan Smoke, commenting on the tight inventory in the real estate market, said, “This is precisely the direction we need to address the fact that we have a housing shortage that is causing both prices and rents to increase, and the pace of new construction has not been keeping pace with the rate of household formation. ##

(Image credit: theatlanticcities–home planning)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Four of Top Ten Cities with Mortgages by Millennials are in Louisiana

October 9th, 2015 Comments off

millennials_with_mfg_home__chronicle.augusta.com__creditCNNMoney tells MHProNews Millennials are finally coming up out of their parents’ basements and buying homes.

The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah, which has a strong tech growth, according to Realtor. With statistics based on where Millennials represent a large share of mortgages, Baton Rouge, Louisiana has a large university with strong job growth and is another bustling city.

Pittsburgh has done well despite the economic downturn changing its focus from manufacturing to technology and health care. Lafayette, Louisiana registered a FICO score of 714 among Millennials. Grand Rapids, MI has a burgeoning tech market. Madison, WI is another city with a large university, a definite attraction for Millennials. Clarksville, TN, New Orleans and Shreveport, LA round out the top ten.

Convincing them to form a cooperative manufactured home community could be a hard ROC job. ##

(Photo credit: chronicle.augusta–Millennials with manufactured home.

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Pending Home Sales Continue Rising

May 28th, 2015 Comments off

home_sale_pending___knox_news_creditThe National Association of Realtors (NAR) reports that pending home sales rose again in April, 3.4 percent over March, following March’s increase of 11 percent over March 2014. April’s rise was 14 percent year-over-year, the highest level since 2006, says realtor.

NAR’s chief economist Lawrence Yun remarks about today’s numbers: Realtors® are saying foot traffic remains elevated this spring despite limited—and in some cases severe—inventory shortages in many metro areas. Homeowners looking to sell this spring appear to be in the driver’s seat, as there are more buyers competing for a limited number of homes available for sale.

He anticipates the median existing home-price will rise 6.7 percent this year. As MHProNews understands, the low inventory may be related to incomes not growing enough to make more expensive homes affordable for people who do want to move up, but have decided to stay put in their existing home. If inventory remains low and prices increase, fewer people may want to move. Stay tuned. ##

(Photo credit: knoxnews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.