Posts Tagged ‘modular home builders’

Modular Home Builders Try to Stimulate the Industry

November 23rd, 2015 Comments off

modular  shutterstock  creditIn lieu of the drop in single-family modular home construction, modularhomecoach tells MHProNews a sizable gathering of factory owners and top management will meet for a Round Table in Lewisburg, Pennsylvania Dec. 3 to plan steps for reversing the downhill trend and improve public perception of modular homes. Modular homes used to have a five percent share of new single-family home construction, but that has dropped to 1.5 percent today.

One big recent motivator was Hurricane Sandy’s devastation of the eastern seaboard, which resulted in a flood of new customers buying modular homes along the coast, as MHProNews reported on several occasions, but in the coming 18 months, as the rebuild slows to a trickle, the industry will have to seek other customers.

While waiting for the next natural disaster to hit is not a business strategy, being prepared for it is. Statistics show for every five new modular home builders, 2-3 will build only one modular home, and 1-2 build a few modular homes before returning to site built. Put another way, only 20 percent of new modular home builders stay with the industry after 18 months.

Social media is a great way to promote your product for free, but the commentator says factories have been known to put up a facebook page or blog, but do not refresh it enough to keep people coming back to look.

Some factories are working more closely with their builders, from planning the home through to service after the home is placed.

Tom Hardiman of Modular Home Builder Association will be one of the hosts of the Round Table. ##

(Photo credit: shutterstock–modular home being sited.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Billings Building Back from Downturn

February 6th, 2013 Comments off

Speaking at a University of Montana economics seminar in Billings, Montana, economists noted Billings has the most robust growth of any urban area in Montana, and has nearly equaled its growth rate of 2007. As MHProNews has reported on several occasions, most recently Dec. 7, 2012, Billings is home to several new modular home builders supplying housing for the Bakken oil fields of western North Dakota. According to the Billings Gazette, Bay Ltd. of Billings is building 29 modular units headed for the Canadian tar sands oil fields in northern Alberta, Canada. Additionally, new home starts spiked 80 percent in Nov. 2012 over the previous Nov. in Yellowstone County.

(Image credit: globalregina–Canadian mancamp)

Energy Efficient Tax Credits for MH/MOD Defeated

March 15th, 2012 Comments off

From Washington, D.C. the Manufactured Housing Institute (MHI) tells the Stabenow amendment to the Senate’s surface transportation reauthorization legislation (S.1813), which would have extended the energy efficient tax credits for MH and Mod, did not get the required 60 votes needed for passage. Sen. Jim DeMint (R-SC) led the opposition to a 49-49 deadlock. MHI says proponents will regroup and begin working with legislators including Sen. Olympia Snowe (R-ME), Sen Max Baucus (D-MT), and Majority Leader Sen. Harry Reid (D-NV) to renew the six credits. Under the New Energy Efficient Home Credit, manufacturers of ENERGY STAR homes received $1,000 and modular home builders received $2,000, but that expired Dec. 31, 2011. MHI strongly suggests contacting your representative in Congress to support the extension.

(Photo credit: Wikipedia–U.S. Capitol)

Seeking Alpha likes Buffett’s Berkshire Hathaway in housing

August 30th, 2011 Comments off

Berkshire Hathaway inc logoSeekingAlpha reports on stocks positioned to take advantage of current needs and future improvements in the housing sector. The report notes that while single family housing is still struggling, multi-family housing starts are up almost 8% in July with FHA multi-family mortgages at a record high. Home fix ups as well as future upticks in new construction are reasons to consider firms such as RPM International, Masco, Valspar and Sherwin Williams. Berkshire Hathaway made the list for multiple reasons. They include new housing construction with new homes such as Clayton Homes and other manufactured and modular home builders. Berkshire Hathaway is also parent to Acme Brick. The Warren Buffett famed enterprise also has solid commercial roofing exposure in Johns Manville, a large flooring unit in Shaw. Berkshire has a premium paint line in Benjamin Moore. Add on insulation from Johns Manville for energy upgrades, and Berkshire is a decent play for home and building maintenance and very well positioned for increases in new home construction and sales.

(Graphic credit: Berkshire Hathaway Logo, Wikimedia Commons)