American Banking and Market News says ATCO Structures and Logistics has received a contract to provide modular housing, dining and recreational facilities for a 1,500 person workforce for Rio Tinto Alcan, Inc.’s smelter modernization project in Kitimat, BC. The modular units, designed to withstand extreme cold and snow, will be …
Canadian Smelter Modernization to Receive ATCO’s Modular Units Read More
According to MarketWire.com, Calgary, Alberta-based Black Diamond Group will provide modular housing for the third phase of an upscale workforce housing complex for a mineral and exploration project. The second phase is nearly complete for this facility in North Central British Columbia, south of the Yukon Territory. Upon completion of …
Black Diamond Providing Modular Units for Mineral Exploration Read More
The New York Post reports the newest look on the beaches in the Tony Hamptons East End is housing made from steel shipping containers. Not terribly different from modular homes, the containers are sent to a facility in Pennsylvania for repurposing, and then sent on to their final destination. The …
Magic Wand Turns Shipping Crates into Snappy Homes Read More
According to SaveMyMortgageInterestDeduction, in the face of a possible attempt by Congress to eliminate the mortgage interest deduction (MID) as a means of budget cutting, Rep. Gary Miller (R.-CA) has introduced legislation to retain the deduction. The mortgage interest deduction allows taxpayers to deduct the mortgage interest from their income. …
NAHB Supports Keeping the Mortgage Interest Deduction Read More
Forbes reports another indicator in the slow rebound of the housing market is in California, where in January, 31 percent of all real estate transactions were in cash, up by more than double the 14 percent historical average. The article quotes First Tuesday as saying the tight credit market is …
The Dow gained 67.39 points to end the day at 12,086.02. Nobility Homes lost 3.39 percent, Skyline Corp. was down 1.97 percent, Cavco lost .28 percent and Deer Valley was again unchanged. The Manufactured Housing Composite dropped 1.07 percent to end the day at 1164.60.
From GreenBuildingPress.co.uk comes news that Haydon Bridge High School in the agricultural north of England is the first zero carbon footprint modular school building in the UK, and hopes are for many to follow. Twelve agriculture students were involved in designing the 65 square meter classroom and the 90 square …
Zero Footprint Modular School Building Rises in Great Britain Read More
Thedailyreview.com reports that modular units each weighing 51,000 pounds will soon become the newest addition to the RiverStone Inn in Wysox Township, Pennsylvania. Trucked in from Pleasant Valley Modular Homes, Inc., in Pine Valley, PA, the 27 units each measure 15 feet wide by 60 feet long and will add …
The New York Times reports that in some areas of the country, the land that manufactured housing communities sit on is becoming more valuable, and owners may be interested in selling to developers for apartments and condominiums. Residents, especially retirees, are concerned that rents may increase beyond their affordability. Several …
Resident Ownership of Communities Protects from Developers Read More
HousingWire.com reports February sales of new homes was well below what several analysts anticipated, falling 17% from January. According to the Census Bureau and HUD, sales were especially down in the northeast, decreasing 57 percent. Although the Mortgage Bankers Association (MBA) saw mortgage applications rise 2.7 percent for last week, …
New Home Sales Fell Last Month to Lowest Recorded Level Read More
North County Now in New York reports that the Akwesasne Mohawk Indian Reservation has been home to General Fine Homes since 1993 when George and Rowena General began selling log homes. Modular and manufactured homes were later added, with customers in France, Canada and throughout the state, but their Native …
Loan to Native Americans to Spur Growth on Reservation Read More
StockMarketsReview.com says with the cost of gasoline, food and other commodities going up, inflation is just around the corner. But inflation is a positive sign for manufactured housing communities because it’s an inexpensive housing option, and many of the residents are employed in service-related industries that are somewhat inflation protected. …
Reflecting the continuing crisis in Japan and rising turmoil in the Middle East, the Dow closed down .15 percent, but remained above the twelve hundred mark to end the day at 12018.63. Nobility Homes gained .83 percent, Cavco lost 1.36 percent and Skyline Corp was down .46 percent. Deer Valley …
The Register-Guard of Oregon reports the Manufactured Housing/Oregon State Tenants Association (OSTA), primarily an advocacy group for residents of manufactured housing, has set its sights on helping disadvantaged students in public schools with meals, supplies, and support. Each community across the state has been asked to adopt a school and …
Non-Profit Organizing MH Communities to Help Students Read More
CNNMoney.com reports that during the housing boom, adjustable-rate mortgages (ARMs) comprised 70% of the housing market, but currently make up only five percent. Freddie Mac says it will be 10 percent by December. Now they are a bargain at 3.5 percent, while conventional 30-year fixed- rate mortgages are at five …
HousingWire.com reports Elizabeth Warren telling the Independent Community Bankers Association that the new Consumer Financial Protection Bureau (CFPB) will reduce regulatory costs for smaller financial institutions. Warren, the builder of the CFPB and likely first director, said the first order of business will be to combine the Trust in Lending …
CFPB Set to Support Smaller Financial Institutions Read More
As reported in The Vancouver Sun, following the tragedy in Japan, British Columbia businesses that assisted in Indonesia following the tsunami in 2004 have similarly offered their assistance to Japan, but have yet to hear back. Britco, a BC manufacturer of modular homes and buildings, supplied 500 modular homes through …
HousingWire.com says legislation that gives a homeowner the opportunity to go through a foreclosure mediation process before the default judgment is issued, passed out of the Connecticut Assembly’s banks committee. The homeowner would be given sufficient time to seek mediation assistance. Meanwhile, a bill introduced in Congress would provide HUD …
Foreclosure Mediation Assistance in Connecticut and Congress Read More
Danbury Patch of Connecticut says Housatonic Habitat for Humanity in Danbury has the approval of the Planning Commission for five modular condos, the first time Housatonic has used modular methods. The project will be completed in 2011, and will cost less than conventional building. Habitat requires new owners to contribute …
As the nuclear crisis in Japan comes under more control, the Dow gained 178 points to top the twelve thousand mark and close at 12,036.53. Cavco gained 3.69 percent, and Skyline Corp. was up 2.70 percent. Nobility Homes and Deer Valley were unchanged. The Manufactured Housing Composite gained 2.98 percent …
Dow, Most Housing Stocks Advance for Third Day in a Row Read More
