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Posts Tagged ‘five months’

Thailand Firm Building Modular Homes

May 2nd, 2013 Comments off

TheNation reports the Stwo Group of Thailand will open a factory in Rangsit, Thailand in five months to manufacture modular homes and buildings following a 30 percent growth in residential development. Prerapat Srisakulpinyo, CEO of Stwo, says, “We expect to sell about 100 Aidol MYH-branded houses and buildings constructed under the modular system this year. Between 300 and 500 modular houses and buildings will be sold to our customers over three to five years.” Using technology from Germany, the new baht 150 million ($5.10 million) facility will employ 200, and the company hopes to expand its reach into neighboring countries in three years. MHProNews has learned Stwo also manufactures a full range of furnishings for the homes.

(Photo credit: aroundguides–dragon wrapped around building in Rangsit, Thailand)

Housing Starts and Permits Build

March 19th, 2013 Comments off

CNNMoney says building permits spiked 34 percent from Feb. 2012-Feb. 2013, and rose five percent from Jan. 2013, the top month for permits since June 2008, according to Census Bureau figures. While the permits amounted to an annual rate of 946,000, housing starts hit an annual pace of 917,000 in Feb., 28 percent better than last Feb. but only slightly above the Jan. 2013 level. As MHProNews reported here earlier, while the National Association of Home Builders survey showed builder confidence slipping from last month, economists predict the housing recovery will give a large boost to the overall economy. In the last five months, 150,000 construction jobs have been added to the employment rolls.

(Photo credit: Fotosearch)

Construction Jobs Adding Up

March 11th, 2013 Comments off

U.S. employers added 236,000 jobs in February, including 48,000 construction jobs, reflecting the upswing in the housing market. As MHProNews has learned from CNNMoney, the unemployment rate dropped to 7.7 percent, its lowest level since 2008. In the last five months builders have added 151,000 construction jobs, the highest number in seven years. Home prices, sales and building permits are up, foreclosures and interest rates are down, and the National Association of Home Builders (NAHB) says residential construction employment will be five times the rate in 2012. Still, the industry remains one million workers short of the levels seen in 2003. Meanwhile, the real estate industry added 13,400 employees in the last three months.

(Photo credit: National Association of Manufacturers)

MH Shipments Record 1st Increase in Five Months

March 4th, 2013 Comments off

MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR), according to data from the Dept. of Housing and Urban Development (HUD), for the first month since Sept. 2012 the manufactured housing industry recorded an increase in production in Jan., 2013. HUD Code manufacturers turned out 4,242 homes, a 6.5 percent increase over the 3,983 homes produced in Jan. 2012. The top five states for MH shipments from Aug. 2011 to Jan. 2013 are Texas, Louisiana, Florida, Alabama, and North Carolina.

(Photo credit: Champion Homes)

Students to Build Modular Home

October 4th, 2012 Comments off

Neweraprogress reports Amherst County High School students will build a Habitat for Humanity modular house at the school in Amherst, Virginia and site it in Madison Heights, just outside Lynchburg. Funded by grants, the more experienced students will instruct the newer ones in producing the two modules under the watchful eye of building trades teacher Roy Prior. Noting the involvement of many disciplines, he says the agriculture students will help with landscaping, the arts students with painting, and the building trades students with design. As MHProNews has learned, the house will take five months to complete. Prior says, “One of the best things I can do for them is to help them accomplish something positive and be proud of it.”

Photo credit: BaltimoreSun–student built Habitat for Humanity home)

Pending Home Sales Rise in California

September 26th, 2012 Comments off

As HousingWire reports, the pending home sales index rose 2.7 percent from 115.8 in July to 118.9 in August even with available inventory levels falling, according to the California Association of Realtors (CAR). However, the pending sales index in Aug. 2011 was 121.4. The decline, says CAR President LeFrancis Arnold, is due to a gradual drop in the last five months of availability of homes for sale. Meanwhile, MHProNews has learned real estate owned (REO) home sales comprised only 14.4 percent of August sales, a drop from 17.4 percent in July and 27.8 percent in Aug. 2011.

(Photo credit: Paul Sakuma/AP Photo)

Economy Continues Sputtering Forward

August 31st, 2012 Comments off

AnchorageDailyNews tells MHProNews consumer spending in July rose 0.4 percent over June, the best rate in five months, following no change in June and a small decline in May. Retail spending offset weak manufacturing. Income grew in July 0.3 percent, the same for May and June, and people earned 0.3 percent more after taxes in July over June. Paul Dales, with Capital Economics, said the economy is slowly improving, but cautioned that higher gasoline prices and a drop in consumer confidence could slow consumer spending, which accounts for 70 percent of economic activity. Economists expect the government’s jobs report, set to be released Sept. 7, will show 118,000 new jobs were added in August, and that the unemployment rate held steady at 8.3 percent. Notwithstanding food and energy,  the Federal Reserve reports prices over the past year rose only 1.6 percent.

(Image credit: Wikipedia Commons)

Consumer Confidence Gains, but Slowly

July 31st, 2012 Comments off

The Olympian reports while the Consumer Confidence Index of The Conference Board increased for the first time in five months, from 62.7 in June to 65.9 this month, the index is well below 90, which indicates a healthy economy, a mark not seen since before the recession began in 2007. At its lowest point it dropped to 25.3 in Feb. of 2009. Based on a random survey of 500 respondents, consumer confidence matters because consumer spending accounts for 70 percent of U.S. economic activity. Lynn Franco, director of economic indicators at The Conference Board, says, “While consumers expressed greater optimism about short-term business and employment prospects, they have grown more pessimistic about their earnings. Given the current environment – in particular the weak labor market – consumer confidence is not likely to gain any significant momentum in the coming months.” MHProNews has learned the index remains at historically low levels.

(Image credit: TotalMortgage)

MH Shipments Rise Again

July 3rd, 2012 Comments off

According to the Manufactured Housing Institute’s (MHI) monthly report, shipments of manufactured homes rose to 5,211 for May, an increase of 16.7 percent over May 2011, as well as an increase over the 4,630 manufactured homes shipped in April 2012. MHProNews.com has learned this marks the tenth consecutive month of MH increase. Single-section and multi-section homes both rose compared to the previous year. For the first five months of this year, shipments are up 25 percent over 2011— 18,114 homes last year compared to 22,641 so far this year.

(Photo credit: Inhabitat)

Builder Confidence at Highest Point since 2007

March 20th, 2012 Comments off

The National Association of Home Builders (NAHB) tells MHProNews.com builder confidence as measured by the NAHB/Wells Fargo Housing Market Index (HMI) fell one point to 29 in March after five months of increase. A score of 50 or better indicates more builders see the market as good rather than poor. Based on builders’ perceptions of current construction of new, single-family homes, and rating of prospective buyers, the HMI index has been used for 20 years to gauge builder expectations. NAHB Chief Economist David Crowe says, “Builder confidence is now twice as strong as it was six months ago, and the West was the only region to experience a decline this month following an unusual spike in February.” Crowe also notes tight credit and the inventory of distressed properties continues to haunt the new home market. Regionally for March, the Northeast rose five points to 25, two points to 32 in the Midwest, two points to 27 in the South, but dropped 10 points in the West after a gain of 22 points the previous month.

(Photo credit: Wikipedia)