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Posts Tagged ‘infrastructure’

Music to Housing, MH Industry Ears? “No risk to it,” Make Mortgages Easier, Boost Economy, Says Chase’s JP Dimon,

January 10th, 2018 Comments off

NoRiskToItJPMorganChaseCEOJaimeDimonFoxBusinessMariaDailyBusinessNewsMHproNews575

The devil is in the details.

The discussion is focused at 35,000 feet, not the weeds.

But in this video interview, JPMorgan CEO Jamie Dimon provides his

  • robust outlook for the economy,
  • thoughts on loan growth,
  • of keen interest to manufactured home and other lenders – efforts to make mortgages more accessible,
  • and what business wants from the Trump administration and the push to improve America’s infrastructure.
  • Dimon also talks about how many ‘good jobs‘ he believes this approach can create.

It’s under 6 minutes, and this curated selection for the Daily Business News is almost all red meat for industry, and investors.

MHCommunity & Other Curation – Business, Marketing, Investment Info for Manufactured Housing Industry Professionals

The widely respected, normally Democratic supporter’s thoughts on the nasty tone in D.C. is also worth noting. ## (News, analysis, and commentary.)

Note 1: Thousands of MH Pros, Investors, Officials and Housing Experts do it. You, your team, and industry colleagues can sign up to the MH Industry leading headline news/updates – typically sent twice weekly – click here to sign up in just seconds.

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Modular Homes Replacing Beachfront Bungalows

September 16th, 2013 Comments off

In Ortley Beach, New Jersey, adjacent to Seaside Heights, where 2,200 of 2,400 bungalows were damaged or wiped out by Hurricane Sandy, builder John Westrum is beginning to replace some of them with modular homes, recently completing a model home. He says many of the bungalows are 60-years old and have such outdated wiring, plumbing and old walls it makes more sense to build new rather than repair. In order to qualify for federal flood insurance the pilings the homes sit on have to be nine feet high. Simplex Homes of Scranton, Pennsylvania built the modules for the model home, according to philly.com. He offers homes from 750 square feet to 2,000 square feet, with prices of $109,900 to $289,900. He says all the infrastructure and streets are already there, as MHProNews has learned, and he expects to sell 50 homes a year.

(Photo credit: Emile Wamsteker/The Wall Street Journal–beachfront modular)

Ordinances Prevent Rehabbing of Land Lease Community

July 5th, 2013 Comments off

Having recently spent $55,000 to upgrade infrastructure at the Country Squire Mobile Home Park in Harker Heights, Tex., that he acquired last fall, and another $30,000 for a new manufactured home model, Kip Lewis’ plans to rehabilitate the community are being stymied by the city council. He wants to replace 40-year old, abandoned homes with brand new ones, but current spacing guidelines require 35 feet between the homes. He also needs a planned development permit, but manufactured housing communities are not included in planned development projects. Lewis has applied for a precursory ordinance amendment to follow through on rehabbing the community. Although City Manager Steve Carpenter says the homes deteriorate over time, he feels they can come to some compromise, according to what kdhnews.com informs MHProNews. Lewis will present his proposal to the planning and zoning commission July 31 in this city just north of Austin.

(Photo credit: Brian Bradley/kdhnews–Harker Heights community)

Midland School District may Vote on Manufactured Homes Tonight

June 25th, 2013 Comments off

The Midland Independent School District (MISD) in Midland, Tex. is a step closer to deciding where to site the manufactured homes it will be acquiring to house staff. At a special meeting tonight, June 25, board members may decide whether to site the homes on the grounds of an unused school, or lease 100 sites in vacant Stonegate Mobile Home Park. As MHProNews posted June 19, 2013, MISD would have to develop infrastructure at the school, so it may be less expensive to lease existing homesites at Stonegate. Cbs7kosa says the board has allotted $3.5 million for the project.

(Photo credit: Wikipedia–manufactured homes ready for shipment)

School District may Lease Homesites in Manufactured Housing Community

June 19th, 2013 Comments off

Updating a story MHProNews posted June 12, 2013 regarding manufactured homes for teachers in housing-strapped Midland, Tex., the Midland Independent School District (MISD) trustees authorized up to $3.5 million to create a 70-unit temporary housing development. While the trustees originally thought they would have to develop infrastructure for the new manufactured homes, the owners of the recently renovated Stonegate Mobile Home Park contacted Superintendent Ryan Warren about leasing up to 100 home sites in the community that is currently vacant. If it is less expensive to site the homes in Stonegate, which already has utility hook-ups, as opposed to developing MISD property, the trustees may contract with the manufactured home community. MISD originally thought rent of $500 a month would be sufficient to recoup the expenditure of $32,000 per unit, but have now upped that figure to $750 a month. As mywettexas reports, with the buy-back option on the homes at 40-50 percent, the MISD hopes to regain their outlay in four years.

(Image credit: sfgate)

Modular Homes on Tap for Native Americans

May 29th, 2013 Comments off

After nearly seven years of planning, tworiverstribune tells MHProNews ground was finally broken May 17 for the Hoopa Valley Tribal Housing Authority project in northwestern California. Comprised of ten apartments and 13 single-family modular homes, the housing will be built in the Campbell Field Subdivision.  The initial phase for the $7 million project will include clearing the land followed by preparing the infrastructure, and the houses will then be ordered from Hoopa Modular Homes. Targeted for low income residents, the single-family homes will be available for sale after the project is completed in about 2-3 years.

(Photo credit: merchantcircle–modular home under construction)

Co-op Assumes Responsibility for Managing Community

May 7th, 2013 Comments off

Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by former owner Morgan Management. Over 60 residents and shareholders celebrated their ownership at the recreation hall with a large cake, the end result of a $4.1 million finance package for the acquisition and repairs, with the help of ROC USA, as well as technical and start-up assistance from the Cooperative Development Institute of Shelburne, Mass. One of the first orders of business for the new owners will be long-needed infrastructure repairs, although as MHProNews has learned, bids are also being solicited for upgrading the roof, windows, electrical system, insulation and handicapped accessible bathrooms in the recreation hall.

(Photo credit: ROC USA–new owners of Wheel Estates)

Builder Confidence Wanes

March 18th, 2013 Comments off

Single-family home builder confidence slipped for the third consecutive month, falling two points to 44 for March, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). MHProNews has learned any number above 50 indicates the outlook for the next six months is good rather than poor. NAHB Chief Economist David Crowe says the infrastructure that supports home-building has to re-establish itself. “During the Great Recession, the industry lost home building firms, building material production capacity, workers who retreated to other sectors and the pipeline of developed lots. The road to a housing recovery will be a bumpy one until these issues are addressed, but in the meantime, builders are much more optimistic today than they were at this time last year.” Regionally, the West gained four points, the Northeast remained unchanged, and the South and Midwest each lost a point.

(photo credit: Comstock Premium)

Modular Builds in Mountains

March 14th, 2013 Comments off

Kiplinger informs MHProNews a Virginia couple wanted to build a home in a mountainous area but could not get county approval for nearly two years because of the steep slopes, succeeded in having a 2,200 square foot custom modular home installed. Built by Jakobsen and Rowe of Purcellville, Vir., the house cost around $400,000, but took months less than the challenge of a comparable site-built home. Andrea Browne notes four things to keep in mind with a modular home: It takes less time to build than site-built; in addition to the cost of the home, you have to pay for on site preparation and infrastructure; modulars withstand severe weather systems better than site built because of the rigidity of the connected modules; modular homes can be remodeled, but the contractor needs to know in advance because of the different support system; and it may take longer to sell a modular home because of its perceived connection to pre-HUD Code homes.

(Photo credit: Kiplinger–Jakobsen & Rowe)

S. Korea Considering Modular Homes

February 18th, 2013 Comments off

Dispelling the notion in South Korea that modular construction is seen as cheap or unsafe, the Dong-A Ilbo informs MHProNews a dormitory for foreign workers of Posco Steel, comprised of 18 modules, called MUTO, has steel-framed reinforced concrete construction. After the infrastructure was readied, the modules were assembled in three days. The entire project required 45 days, start to finish, much less than the three to six months needed for a comparable site-built facility, and costing 10-20 percent less. Sited in the Cheongdam-dong neighborhood of Seoul’s posh district of Gangnam, the building remained warm even with the heater off and the temperature outside at or below freezing. Samsung Heavy Industries is considering the marketing possibilities for Korea. Kim Hee-jeong, head of Fides Development, says, “Demand for modular homes will definitely grow because the construction period is short and the house can be built on a small lot in a big city without a noise problem. But for a while, demand will be higher for residential complexes such as dorms or residential buildings for rent purposes than for individual homes.”

(photo credit: losaltospatch–modular being sited)