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Posts Tagged ‘s paul’

Senior Housing Needs on the Rise

January 23rd, 2013 Comments off

The National Association of Home Builders (NAHB) says the demand for housingfor those 55 and older will increase through 2020 as the boomers age. Says the NAHB’s Paul Emrath, “We expect to see an increased demand for 55+ housing as more baby boomers turn 55 and seek homes and communities that offer the lifestyle they desire. NAHB is projecting that the number of housing starts in 55+ communities will increase 22 percent to 74,302 units in 2013, and another 20 percent to 89,071 in 2014.” He says walking/jogging trails and green space are the two amenities with the biggest draw for the 55 and older demographic. As MHProNews understands, 7,000-10,000 people in this country hit 65 each day.

(Photo credit: Dept. of Housing and Urban Development)

Interest Rates Keep Dropping—But is it Good?

July 31st, 2012 Comments off

MHProNews has learned from HousingWire 15 and 30-year fixed rate mortgages (FRMs) are continuing to drop to historic lows. While last year at this time a 30-year FRM was at 4.55, as of Thurs. July 26 it had dropped to 3.49% from 3.53% the previous week. While the 15-year FRM last year was at 3.66%, last week it had fallen to 2.83%. Surveying large banks, Bankrate says the 30-year FRM fell to 3.75% from 3.78%, while the 15-year FRM dropped to an even 3% from 3.04%. Meanwhile, analysts with Capital Economics are not convinced that low interest rates are necessarily good for the market. Capital’s Paul Diggle, noting there is no evidence the lower interest rates are spurring housing demand among mortgage dependent buyers, says, “The underlying improvement in sales activity remains heavily dependent on investors and cash buyers, who are attracted to housing in part because of low yields elsewhere.”

(Image credit: Bankrate)