Latest news with #modularhomes
Daily Mail
2 days ago
- Business
- Daily Mail
Tiny home builders are targeting fire ravished LA
Modular home builders are targeting Los Angeles fire victims with offers of cheaper and quicker rebuilding options. Large swathes of Los Angeles were destroyed in devastating wildfires earlier this year, which destroyed more than 16,000 structures. Many homeowners who saw their properties burned to the ground were then met with the compounding heartbreak of home insurance payouts that will only cover a fraction of the rebuilding costs. Now businesses such as ICON and Hapi Homes see an opening to mass market their tiny homes, built off-site with the help of 3-D printers and then transported to their final location. Such pre-fabricated homes have long had a reputation for poor quality and unattractive design which the companies hope to dispel. 'Disasters are actually going to be the turning point' for wider adoption of modular housing, Vikas Enti, CEO of Reframe Systems, told the Wall Street Journal. 'That's what we're betting on,' he said of the company's push into disaster zone aftermaths. 'Homeowners in a moment of crisis want to try something different,' Jason Ballard, CEO of ICON, agreed. Ballard told the Journal that his business, which uses technology such as 3-D printers to layer concrete, was inundated with calls following the LA fires. The Texas-based company is now focusing its expansion on areas frequently hit by natural disasters, such as California and Florida. Williams Rebuild, another modular home construction company, is planning to build up to 150 homes a year for fire victims in LA. The Los Angeles Mayor's office is also in discussions with a series of modular builders, the Journal reported. SoLa Impact, an affordable-housing developer based in the city, is supporting proposed legislation in California that would speed up approval for such housing. 'Never let a crisis go to waste,' the company's CEO Martin Muoto told the Journal. Building new homes off-site is often much cheaper because materials can be purchased in bulk and fewer workers are required for less time. For disaster areas, building away from a crowded construction market means businesses can access less busy supply chains. 3-D printers can be used to layer concrete for the house construction After wildfires devastated Maui, Hawaii, in 2023 more than 100 modular companies flooded the building market. Five of those companies were commissioned by the state and nonprofit HomeAid Hawaii to build 450 temporary units for those who had lost their homes. It served as a pivotal moment for the modular housing industry which has struggled to gain such contracts in the past. 'As a public official, I'm now saying, "Hey, we do have alternatives to typical construction,"' Joseph Campos II, deputy director at Hawaii's Department of Human Services said. 'There can be a partnership with traditional construction trades.'
CTV News
3 days ago
- Business
- CTV News
The future of housing construction in Canada
CTV's Sarah Plowman visits a New Brunswick housing factory that's expanding in the wake of modular homes becoming the future in Canada.
Washington Post
27-05-2025
- Business
- Washington Post
Champion Homes: Fiscal Q4 Earnings Snapshot
TROY, Mich. — TROY, Mich. — Champion Homes, Inc. (SKY) on Tuesday reported profit of $36.3 million in its fiscal fourth quarter. On a per-share basis, the Troy, Michigan-based company said it had profit of 63 cents. Earnings, adjusted for non-recurring costs, came to 65 cents per share. The manufactured and modular housing maker posted revenue of $593.9 million in the period.
Yahoo
11-05-2025
- Business
- Yahoo
Catholic Charities works to help affordable housing crisis
OKLAHOMA CITY (KFOR) — Affordable housing can be hard to find, especially for low-income Oklahomans. Catholic Charities of Oklahoma City is working to combat it by creating a new community they hope will address the lack of affordable housing. Catholic Charities calls it a pocket community. It's a small neighborhood of 12 homes in Stockyards City that are just right for singles and small families. LOCAL NEWS: Construction company displays the Oklahoma Standard by donating free roof They're calling them Caritas Casitas, inspired by the Latin word Caritas, meaning 'Christian love of humankind,' and Casitas, the Spanish word for 'little homes. 'These are 12 units and they're gonna help 12 people and in Oklahoma City, there's about 20,000 units too few for affordable housing,' said Patrick Raglow, the Executive Director of Catholic Charities Oklahoma City. The units come fully furnished with new appliances, countertops, and a big bathroom. They're from Boxabl, a business that builds modular homes that unfold into a 360-square-foot space. Patrick Raglow, the Executive Director of Catholic Charities, said other 'affordable' locations he's surveyed were not livable. 'We opened the door and the floor moved because of all the infestations or the plumbing and the sewage backed up, or it was 100 degrees in the summer without air conditioning, and it was 102 degrees in the apartment,' said Raglow. The new homes are funded by grants and ARPA money that's administered through Catholic Charities. The shortage of rentable units is high, so every unit counts. 'This project is not the answer to affordable housing. It is only part of the answer. It's not hard to do a better job. All we're asking for our residents is the housing that was promised to them on the website,' said Raglow. While this project is a big step, Catholic Charities said the public's help in the future can help them deliver more housing to Oklahomans. 'We'd love to see more affordable housing all across Oklahoma, and we will help anybody that wants to help us get there or help themselves get there,' said Raglow. LOCAL NEWS: 102-year-old WWII vet honored at Oklahoma State Capitol The homes are for residents who make $39,000 or lower and could cost roughly $750 and $850 a month. Right now, they are pre-screening residents to move in. Catholic Charities hopes to have everything ready for people to move in by the end of June. In addition to the new housing facilities, Catholic Charities also has a Sanctuary Women's Development Center that is open during the day for women and children who need safety. They have access to showers, laundry rooms, food, and shelter. To learn more about the new homes or how Catholic Charities serves the community, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
