Posts Tagged ‘crude oil’

Drilling is Good for Factory-built

January 29th, 2013 Comments off

The timesunion reports 40 housing modules are on their way from the Port of Albany, in New York, to St. John’s, Newfoundland, Canada for housing offshore drilling workers. Manufactured by a Champion Homes plant in Sangerfield, NY, the modular homes are destined for Exxon/Mobil’s Hebron Project that seeks to recover 660 million barrels of oil. As a side note, the Port of Albany receives crude oil from the Bakken Field in western north Dakota, another bright spot for the factory-built housing industry, as MHProNews has reported numerous times.

(Photo credit: Skip Dickstein/timesunion)


Falling Crude = Real Estate Recovery

June 12th, 2012 Comments off

EmergingMoney tells the result of falling oil prices is cheaper financing and less expensive materials, which helps the global real estate market. Lower priced oil means: Lower transportation costs for material shipments and commuters; generally lower rate of inflation which helps keep interest rates down; lower costs of home and commercial construction since so many materials used in building come from petroleum—roofing, coatings, asphalt, paints; and billions of dollars that would go for oil imports can now be used domestically. Since the largest importers of crude oil are also the largest real estate markets—the U.S., China, Brazil, and India—as oil prices fall more funds will be available for real estate.

(Photo credit: OilGasFinancial)