Press Releases

Reps. Caraveo, Petterson Tackle Affordable Housing Shortage with Innovative Housing Solutions Colorado faces the second worst housing deficit in the nation. Both CO Freshmen teamed up to expand housing accessibility across the state. Today, Congresswoman Yadira Caraveo MD (CO-08) and Congresswoman Brittany Pettersen (CO-07) introduced the Innovative Housing Solutions and Affordability Act. Currently, one of…

MBI Defeats Prevailing Wage Bills in Pennsylvania In May of this year, the Pennsylvania legislature introduced two bills, HB2153 and SB841, that would have expanded the state’s prevailing wage requirements in modular factories for all state-funded projects including housing, schools, and government offices, essentially eliminating those markets for our industry. The voting portion of the…

Colorado Lt. Governor Primavera Highlights State’s Modular Housing Leadership at Boulder Mod Factory Ribbon Cutting Lt. Governor Primavera attended and provided remarks at the Boulder Mod Factory ribbon-cutting ceremony. This innovative partnership between the City of Boulder, Boulder Valley School District, and Flatirons Habitat for Humanity will help create more housing Coloradans can afford where…

hsbcad and Moducore™ Announce New Strategic Collaboration hsbcad and Moducore™ announced today a new strategic collaboration to accelerate innovation in the offsite manufacturing industry. hsbcad is the leading global software solution provider for offsite timber construction. Moducore, a part of the 4Ward Solutions Group of companies, is the premier provider of operating systems for the offsite manufacturing…

Montana Strengthens Building Safety and Resilience by Adopting ICC/MBI Off-Site Construction Standards On September 20, 2024, the state of Montana approved the adoption of the International Code Council’s and Modular Building Institute’s (MBI) Standards 1200 and 1205. The adoption marks Montana’s commitment to the expanded use of off-site construction and the promotion of greater regulatory…

WillScot and McGrath RentCorp Mutually Agree to Terminate Previously Announced Combination WillScot Holdings Corporation (“WillScot” or the “Company”), a leader in innovative temporary flexible space solutions, today announced that it has entered into an agreement with McGrath RentCorp (“McGrath”) to terminate the companies’ previously announced merger, pursuant to the terms of the January 28, 2024…

Colorado OEDIT Announces $24 Million in Proposition 123 Funding for Modular and Innovative Housing Projects Today, the Colorado Office of Economic Development and International Trade (OEDIT) announced that $24 million from the Proposition 123 Affordable Housing Financing Fund will prioritize funding housing projects that utilize products from Colorado-based, off-site housing manufacturers. In June, the State…

ATCO Structures Completes Acquisition of NRB Modular Solutions ATCO Structures & Logistics Ltd. (ATCO Structures) has successfully closed the previously announced acquisition of NRB Limited (NRB), a leading Canadian manufacturer of modular industrial, educational and residential buildings, from Dexterra Group Inc. The purchase, completed for $40 million in cash, was subject to normal closing adjustments and conditions, including final authorization…