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Posts Tagged ‘hybrid’

Canadian Modular Home Builder Provides Update on African Market Launch

February 2nd, 2017 Comments off
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EHT home. Credit: EHT.

Enerdynamic Hybrid Technologies Corp. (EHT) provided an update this week on their Letter of Intent to build 50,000 homes in Ivory Coast for a branch of its military.

In a story covered by Daily Business News writer Matthew J. Silver on December 16th, Maple Leaf Holdings SA, of which EHT is a shareholder, was slated to construct two, three and four bedroom homes utilizing the company’s sustainable Advanced Modular Housing System for Foundation General Akissi, which provides military housing for the government.

EHT tells MHProNews that it was anticipated that the contract for the delivery of 50,000 homes would be finalized in January 2017 for a build-out of 10,000 home tranches with an update to be provided at that time.

As of January 30th, the company and the Foundation have started negotiations on the contracts necessary to begin the project and anticipate finalizing the agreement by early March. EHT has recently completed the installation of two fully equipped housing units, one off-grid/self-contained unit and the second configured as a net-metering system.

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EHT Home in progress. Credit: EHT.

We were several weeks behind schedule in the completion of our sample units and the finalization of the contracts for this opportunity due to the holidays,” said EHT CEO John Gamble.

However, we remain confident in our product as well as in our ability to compete and win large housing contracts in West Africa as well as many similar projects around the globe.” ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

“Amazing Future Homes” Video

November 9th, 2016 Comments off
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Credit: HD-Channel.

Modular housing has seen significant progress over the years, with many levels of creativity.

Revolution Homes, which the Daily Business News covered recently, has partnered with a number of designers to create progressive models.

The team at HD-Channel has created a fun video that takes a look at the future of modular homes, and how flexible they can be.

 

Here in the U.S., Vallejo, California based Blu Homes has worked to create homes similar to what the HD-Channel video shows.

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Credit: Blu Homes.

Daily Business News, MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach commented on the video, providing clarity on the use of language.

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L A ‘Tony’ Kovach, credit, MHVillage.

The video is certainly interesting,” said Kovach. “In the United States, these homes would best be described as a modular or prefabricated (prefab) home. The other terms suggest that the producers of this video are perhaps from Australia, England or some other nation where terms like “caravan” would be more commonly used than in the U.S.

MHLivingNews has an in-depth comparison of modular and manufactured homes here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Thirty-year Mortgage near Record Low

May 3rd, 2013 Comments off

For the fifth consecutive week, according to what nationalmortgagenews tells MHProNews, the average 30-year fixed-rate mortgage (FRM) has dropped to 3.35 percent, and is now closing in on the record low of 3.31 percent set the week of Nov. 21, 2012. The fixed-rate 15-year mortgage set a new record low at 2.56 percent for the week ending May 2. A one-year average Treasury adjustable-rate mortgage (ARM) fell three basis points to 2.62%. One year ago weekly rate averages were 3.84% for a 30-year FRM and 3.07% for a 15-year FRM. A five-year Treasury hybrid was 2.85 percent, and a one-year Treasury ARM was 2.7 percent.

(Image credit: HousingWire)

30 and 15 Year Mortgages Hit New Lows

November 21st, 2012 Comments off

OriginationNews tells MHProNews the average 30-year mortgage rate dropped to a new record low, 3.31% in Freddie Mac’s weekly survey. During the week ending Nov. 21 the 15-year mortgage rate also set a record, dropping to 2.63% from 2.65% the previous week. Shorter-term rates moved little or none, as the five-year hybrid remained at 2.74%, and the one year Treasury-indexed ARM (adjustable rate mortgage) rose one basis point to 2.56%. By comparison, a year ago the 30-year fixed mortgage was 3.98%, the 15-year mortgage hit 3.3%, five-year Treasury hybrids were 3.91%, and the one-year Treasury ARMs were 2.79%.

(Image credit: hansfax)

30-year FRM Keeps Falling

July 6th, 2012 Comments off

NationalMortgageNews reports Freddie Mac says ten out of the last eleven weeks the average fixed-rate 30-year mortgage (FRM) has set new lows, with the week just ending July 5 marking another one at 3.62 percent. The average 15-year FRM fell to 2.89 percent. The average five-year hybrid remained at 2.79 percent, while the average one-year Treasury adjustable rate mortgage (ARM) was 2.68 percent. MHProNews.com has learned a year ago the average 30-year rate was 4.6 percent, while the average 15-year rate was 3.75 percent. The average five-year treasury hybrid was the same 2.79 percent, but the one-year Treasury ARM was 2.74 percent.

(Image credit: BankRate)