Another school district is considering adding modular classrooms to keep up with enrollment growth at the elementary level, according to wickedlocal.com. The Natick (Massachusetts) School Committee is considering how planned housing in the city will bring more students into the school system. The district may not be able to wait …
Modular Classrooms will Accommodate Additional Students Read More
While investors are awaiting news from the Federal Reserve’s two-day meeting, Tech stocks took a bath in trading as the Nasdaq fell over one percent, while the Dow and the S&P 500 moved very little. The Dow Jones Industrial Average added +43.63 points, + 0.26 percent, to close at 17,031.41, …
Deer Valley Spikes, Skyline Falls, MH Composite slips third Straight Day Read More
Following a story MHProNews first published Sept. 1, 2014 regarding a modular workforce housing complex to be built in McComb, Mississippi for oilfield workers fracking on the Tuscaloosa Marine Shale (TMS) in southwest MS and central Louisiana, the 536-bed lodge by CMS Consultants, LLC of Metairie, LA will be constructed …
Tuscaloosa Marine Shale Braces for expected Oilfield Worker Onslaught Read More
Modular home builder IQ Technologies, Inc. Canada has entered into a joint venture with EnerDynamic Hybrid Technologies Corp. (TSX-V:EHT) of Ontario, Canada to include EHT’s solar and wind energy systems in their homes, according to newswire.ca. IQ provides and installs sustainable modular homes globally that can be installed in one …
IQ Tech Mod Builder Partners with EnerDynamic Hybrid Tech. Read More
Following a story MHProNews last posted Oct. 23, 2013, the Shoreline Trailer Court in Branford, Connecticut may lose its license to operate if a new management company is not brought on board by Oct. 1, according to nhregister.com. A proposal submitted by community management Renaissance Collaborative last fall did not …
An association from the United Arab Emirates (UAE) is supplying 50 Palestinian families in the southern Gaza town of Khan Yunis with modular homes to replace those destroyed in the fighting between Hamas and Israel. Imad al-Haddad, the head of the association, said each home has two bedrooms, a bathroom …
As the U. S. Border Patrol doubled its staff in Ajo, Arizona nine miles north of the Mexican border, the government bought land and sited 20 manufactured homes and built 21 two-and-three bedroom homes for the expansion, spending $17 million, about $680,000 per home in a town of less than …
Manufactured Homes Provided for Border Patrol Agents Read More
Regulators have been encouraging mortgage lenders to relax credit, saying that will fuel the tepid housing market, while others say lowering FICO scores to include more low-income borrowers will lead to more defaults. “We simply don’t have enough qualified homebuyers even with mortgage rates getting as low as 3.25%,” says …
Relaxed Credit: Kickstart Housing or Overheat the Housing Market? Read More
According to the index compiled by The Conference Board, consumer sentiment has risen this month to 84.6, two points above the end of August and five points above the mid-August reading of 79.2. However, the gain is in the expectations component, not the current conditions aspect, which actually fell to …
Stocks pulled back in trading the last day of the week, with all three major indexes drifting lower. The Dow Jones Industrial Average dropped -0.36 percent, -61.49 points, to end the week at 16,987.51, while the Nasdaq fell -0.53 percent, -24.21 points, to close at 4,567.60. The S&P 500 lost …
All Tracked Stocks except AMG Fall or Remain even; MF Composite,Dow, Nasdaq and S&P Fall Read More
The Federal Housing Administration (FHA) wants to reach out to borrowers with credit scores of 640-680 because lenders have pulled back from that borrower class over the last ten years, according to Frank Vetrano, of FHA’s risk management and regulatory affairs division, noting the housing downturn took many of these …
FHA Reaching Back to Borrowers with Lower Credit Scores Read More
Case-Shiller’s improved house price index (HPI) now offers a monthly read on the housing market instead of a quarterly overview, according to housingwire.com. Paul Diggle of Capital Economics says, “The new index suggests that prices ‘only’ fell by 26% during the crash, relative to 34% on the previous quarterly index. …
New Index: Housing Crash not so bad; Recovery not so Good Read More
Skyline Corporation received a going concern qualification from its independent registered public accounting firm, which was included in the Corporation’s Annual Report on Form 10-K, included with its consolidated financial statements for its fiscal year ending May 31, 2014, according to yahoofinance.com. The independent audit was filed with the Securities …
Data from the Mortgage Bankers Association (MBA) reveals mortgage applications to buy a new home fell nine percent in August, according to nationalmortgagenews.com. New single-family home sales fell 2.1 percent from the July rate of 433,000 units, on a seasonally adjusted annual rate (SAAR), to 424,000 in August, while the …
Despite the terrorist group ISIS’ vicious reshaping of boundaries in the Middle East, Wall Street does not feel the pinch because oil prices have not been affected. Crude oil is $15 a barrel lower than last year at this time. However, stocks were fairly flat in trading today, as the …
Liberty Homes Skyrockets, MH Composite, Dow Slip; Nasdaq, S&P Nudge up Read More
Following a story MHProNews posted Sept. 16, 2013 regarding the disastrous flooding in Colorado, the Federal Emergency Management Agency (FEMA) says it distributed $61,634,523 to uninsured homeowners hit by the flooding and rain, including $31,900 each to nearly all the residents of two manufactured home communities (MHCs) along the South …
Colorado MH Owners Float with FEMA Funds, while MHC Owners Sink Read More
Donald Salmon of TBI Mortgage says private investors are beginning to buy mortgages written just for self-employed borrowers who put down 30 percent and have good credit scores. Instead of looking at paychecks, they examine a twelve-month bank statement to determine if the borrower can afford the home, nationalmortgagenews.com reports. …
Loans Moving from FHA to Fannie and Freddie; Freddie Inaugurates MHC Loan Read More
Federal Housing Finance Agency (FHFA) Director Mel Watt told a gathering of the American Mortgage Conference he supports the merger of Federal Home Loan Banks (FHLB) but wants to gather more information before giving required approval, and is currently offering a consultative role to FHLBs in Seattle and Des Moines …
The Falkville Town Council in Alabama held a public hearing concerning changing the zoning ordinance for manufactured homes (MH) to allow subdivisions of MH in new areas zoned MH-S, according to hartselleenquirer.com. The ordinance will continue to allow manufactured homes in residential R-1 and R-2 or agricultural zones AG-1 on …
Alabama Town Attracting Manufactured Home Subdivisions Read More
The winner of Clayton Homes’ Enjoy Life Sweepstakes will receive two tickets to Super Bowl XLIX in Arizona Feb. 1, 2015, including air fare and a four-day, three-night stay in a hotel. To be eligible you must enter by noon, Sept. 30, according to nassualivenews.com. The second prize is a …
Super Bowl Tix are Top Prize in Clayton Sweepstakes Read More
