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Posts Tagged ‘fab’

Pre-fab to Rise 15%, but not MH

February 28th, 2013 Comments off

RnRMarketResearch reports demand for prefabricated housing will expand 15 percent annually through 2017, but manufactured housing’s share of that will fall as conventional mortgages become easier to obtain. The study, based on data from 2002, 2007, and 2012, is combined with current market conditions, industry structure and competition in its analysis of the manufactured, modular, precut and panelized home building industries. Demand for the other three will be similar to stick-built single-family homes. Manufactured housing saw a decline beginning in 1998 as the economy slowed and MH borrowers defaulted, leaving repossessed homes competing with new ones. Through 2005, easy credit led borrowers into site built homes, which in turn led to what became the housing bubble and the Great Recession. As MHProNews documented monthly last year, MH production increased throughout 2012 but fell off towards the end of the year.

(Image credit: Fotosearch)

Mod Manufacturer Acquires Another

June 5th, 2012 Comments off

TheGlobeandMail tells MHProNews.com from Canada Quebec-based modular manufacturer Pro-Fab has acquired Guildcrest Building Corporation, a Morewood, Ontario modular home producer. Pro-Fab is actually part of Chicago-based Wynnchurch Capital, a private equity fund management company that had previously opened a Toronto office in 2009. Guildcrest has provided homes for first nations communities and age-restricted communities for 20 years in Ontario.

(Photo credit: Pro-Fab/MarketWire)