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Posts Tagged ‘USAToday’

Sunday Morning Weekly Recap Manufactured Housing Industry News, September 10 to September 17, 2017

September 17th, 2017 Comments off
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Featured image credit, MHProNews.

Our new September issue is live. Our featured articles will be available on the MHProNews.com home page. Our September theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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What’s New On MHLivingNews

Manufactured Home Community Survives Hurricane Harvey, Damage Reports, and Relief Efforts

September 16th, 2017

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Hurricane Harvey flooding, credit, USA Today.

 

September 15th, 2017

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Photo credit, ABC News Go.

 

September 14th, 2017

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September 13th, 2017

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September 12th, 2017

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Warren Buffett, right, credit Wikipedia. Tim Williams, right, credit, LinkedIn. Collage credit, MHProNews.

 

September 11th, 2017

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September 10th, 2017

 

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

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Massive Hole Endangers Residents of Fla. Manufactured Home Community

April 13th, 2016 Comments off

florida__usatoday__credit__sinkhole__in_tarpon_springs_MHProNews has been informed by usatoday/Associated Press that an enormous hole suddenly opened adjacent to a manufactured home community in Tarpon Spring, Florida. Measuring 35 feet deep by 60 feet wide, authorities were trying to determine if it was a natural sinkhole or a break in a water line. Residents of six manufactured homes were evacuated as a precaution. ##

(Photo credit: wtfs–hole opened at Tarpon Springs, Fla MHC)

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

New Home Sales Rise Two Percent in Feb.

March 24th, 2016 Comments off

house sold     Paul j richards afp getty imagesBuoyed by the 38.5 percent surge in sales in the West, new home sales in the U. S. increased two percent in Feb. to a seasonally-adjusted annual rate of 512,000 units, according to statistics released by the Commerce Department, reports USAToday to MHProNews. The strong numbers from the West overshadowed the decline of new home sales in the South, Midwest and Northeast.

At this stage, it is unclear whether new-home sales are plateauing or are still in an uptrend,” said Joshua Shapiro, chief U. S. economist at MFR, a forecasting firm.

While sales of new homes are slightly below last year’s pace, purchases of existing homes also fell in Feb., minus 7.1 percent, as the spring home buying season begins. Builder confidence remains the same as the previous month at 58, where any number above 50 indicates builders feel the market is good rather than poor.

The number of new homes priced below $200,000 has fallen, while those homes priced above $400,000 has risen, creating the shortage of affordable housing, a condition that has risen in many markets.

Limited inventory has pushed up prices on existing homes. Median home sales price rose in Feb. to $210,800, a 4.4 percent increase from one year ago. While U. S. homebuilders remain optimistic about the housing market, many anticipate a slow down in sales. ##

(Photo credit: Getty Images/Paul J. Richards)

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

Home Sales Rise to Best Rate in Eight Years

July 23rd, 2015 Comments off

home sales rising  housing wire com  creditExisting home sales increased 3.2% to a seasonally adjusted annual rate of 5.49 million in June, according to usatoday, selling at the fastest rate in eight years. Chief Economist for the National Association of Realtors (NAR), Lawrence Yun says “Buyers have come back in force, leading to the strongest past two months in sales since early 2007,” suggesting job growth, improved household finances and the impending rise in interest rates are prodding home buyers.

The NAR also said homes were on the market for an average of 34 days in June, six days less than in May, and the quickest turnaround since the NAR began following the rate in 2011. The median sales price of an existing home reached an all-time high, $236,400, 6.5 percent above the June, 2014 price and also above the top price set in 2006.

Increased sales, by reducing inventory, should lead to more new home construction which can lead to more jobs and spending in other parts of the economy. Of the increase, 2.8 percent were single-family homes, but the share of homes purchased by first-time homebuyers dropped to 30 percent in June from 32 percent in May. As MHProNews understands, historically, in a healthy economy, 40 percent of home sales are first-time buyers. ##

(Graphic credit: housingwire–home sales rising)

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

Actor and 1950s Developer Inspire Modern Modular

February 17th, 2012 Comments off

USAToday tells MHProNews.com sustainable, energy-efficient home-building has increased in the wake of actor Brad Pitt’s founding of Make It Right, a response to the housing needs of victims of Hurricane Katrina in New Orleans. Living Homes of California has developed a modular 1,232 square foot home with three bedrooms and two baths that sells for $179,000, not including the transportation, assembly, site preparation or permits. The home is built around a courtyard to take advantage of natural light. Part of the proceeds from each modular home benefit Mr. Pitt’s non-profit. Living Homes’ CEO Steve Glenn says this C6 model is “less than half the cost of our lowest cost home,” and that his company has learned a great deal from Cavco Industries, the company that constructs the homes, and from Make it Right, about sustainability and energy efficiency. The inspiration for the C6 home comes from Joe Eichler, a developer who built modern homes in California in the 1950s and 60s.

(Photo credit: Living Homes)

Small banks bruised by new mortgage regulations, giving edge to mega-banks

August 15th, 2011 1 comment

Daily Business News\Jim_Schipper,_Iowa's_banking_superintendent_USA_Today posted Manufactured Home Marketing Sales Management Daily Business News MHMSM.com MHProNews.com USAToday reports compliance officer Alesia Harlan’s concerns about 300 pages of notices, forms and tax documents for a single home loan, double the tree-killing load prior to Dodd-Frank’s passage. 455 home loans in 2010 created 2 months of work for Harlan, at modest City State Bank in Norwalk, Iowa. “I’ve yet to see the benefit to the customer,” said Harlan. “It’s highly technical and confusing for the borrower.” The 2300 page Dodd-Frank bill creating the Consumer Financial Protection Bureau (CFPB) is expected by some to result in 5000 pages of regulations. “Bank of America can fill a skyscraper with attorneys to comply with all the rules and regulations, but a community bank can’t do that,” said Jim Schipper, Iowa’s banking superintendent. “I know some bankers that are probably just going to quit making mortgage loans. I mean, what’s the point?” Regulations are so complex and costly to administer, many expect it to hasten the trend towards the very ‘banks to big to fail’ that the bill was supposed to protect consumers against. In a speech in Des Moines Iowa last June, Thomas Hoenig, outgoing president of the Kansas City Federal Reserve Bank said “It’s such a complicated piece of legislation, it will be to the benefit of the largest institutions, not because they want it to be, but because it forces consolidation, and that’s a tragedy for this country.” “It’s very much a concern for the typical bank in Texas,” said John Heasley, vice president of the Texas Bankers Association in Austin. “They’re already spending extensive funds for compliance costs, and Dodd-Frank is viewed as adding insult to injury.” “It almost looks as if the ‘too big to fail’ banks got a free ride,” Heasley said. “The banks in Texas, who had nothing to do with the origination of toxic mortgages, securitization of those mortgages, or the sale of credit default swaps, are being made to pay for the sins of others.”

(photo credit: USA Today)