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Posts Tagged ‘Green’

Generation Buy? Millennials and Home Ownership

May 16th, 2017 Comments off
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The inside of a Fourleaf Properties manufactured home in Dallas, Texas. Credit: Candy’s Dirt.

New figures out from HSBC show some unexpected and interesting figures on how millennials around the world are dealing with homeownership.

And according to one billionaire, the big barrier for some includes avocados and coffee.

When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” said Tim Gurner, a billionaire luxury real estate developer in Australia.

According to the Daily Caller, while adults in America born after 1980 are slower to buy their first home than their parents, even with access to better rates and more credit, the situation in Australia is worse: millennials are second to last worldwide in homeownership.

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Avocados stopping home buying? Credit: Daily Caller.

And Gurner has some serious “dad” style advice to help them along.

You have to start to get realistic about your expectations,” said Gurner.

There is no question we are at a point now where the expectations of younger people are very, very high. The people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property investment ladder.”

Young people want to eat out every day, they want to travel to Europe every year,” Gurner continued. “This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.”

 

China Winning?

The study from HSBC, entitled “Generation Buy,” breaks out millennial homeownership figures from countries around the world, showing that an average of 40 percent of millennials own their home, and a whopping 83 percent intend to buy within the next five years.

The nation that’s leading that charge may surprise you: China.

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Credit: HSBC.

70 percent of Chinese millennials already own their homes, with 91 percent planning to buy a house within the next five years. Mexico came in second in the study at 46 percent and France finished third with 41 percent.

This study challenges the myth that the home ownership dream is dead for millennials around the world,” said Louisa Cheang, HSBC’s Global Head of Retail Banking.

With four in ten already owning their home, the dream of home ownership for millennials is definitely alive and kicking. The greatest challenges are in those countries where there is a perfect storm of stagnating salaries and rising house prices – for millennials in those countries, the dream, while not dead, looks set to be deferred.”

 

Millennials and Manufactured Housing

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Johnathan Smoke. Credit: Move.com.

Many of the challenges and desires of millennials read like a list tailor-made for modern manufactured homes. Greener, more affordable, a choice of sizes, styles and customizable floor plans.

Millennials “represent an ‘Oh, shift’ moment in housing,” said Jonathan Smoke, chief economist for Realtor.

Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said millennial Lindsey Bostick of Bostick Homes.

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Image credits, Lindsey Bostick, Inside MH Road Show, home photo, Sunshine Homes and ManufacturedHomes.com.

Bostick has lived in several kinds of housing, and now is a manufactured homeowner herself, so she knows.

Today’s manufactured homes can look and live like a conventional, site-built house, and can be half the price of new construction. Additionally, many manufactured homes are Energy Star rated, so they are more efficient than older, existing homes,” the university-graduated Bostick said.

For more on millennials and their desire for quality, affordable housing, click here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

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Green Building Materials Front and Center in Construction

April 8th, 2017 Comments off

Credit: Environmental Leader.

In a new report from Allied Market Research, the firm shows significant market growth for green building materials over the next five years.

According to the Environmental Leader, the “Green Building Materials Market Report” forecasts that the global market is expected to grow from $171,475 million in 2015 to $377,029 million by 2022, growing at a compound annual growth rate of 11.9 percent from 2016 to 2022.

The report also shows that the emission reduction potential of green building materials, higher asset value of green buildings, growth in public awareness regarding green materials, and increase in client and market demand are the major factors that will drive market growth.

With reduced operating costs and a better indoor working environment, the report states that those factors will add to market demand for green building materials.

As Daily Business News readers are already aware, the manufactured and modular housing industries have long shown the significant upside of factory built housing, including lower costs, a more consistent product and strict federal standards.

Factory-built homes are becoming more popular in the housing industry as builders face a shortage of construction workers. Among the upscale modular homes covered, includes the work done by Revolution PreCrafted Homes, where Eric Trump sits on the board of directors. In a survey from the National Association of Home Builders (NAHB), the NAHB/Wells Fargo Housing Market Index reported that on average, single-family homebuilders use 10.2 different green products or practices, and 22 percent always or almost always have their homes certified to a green standard.

For more on the green building movement, including Karen Adams, President and CEO of Green Dwellings in Palm Beach, Florida aiming to be the Tesla of modular green homes, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

After Fight, MHC Gets Green Light

February 15th, 2017 Comments off
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An unrelated manufactured home in nearby Attleboro. Credit: Realtor.

In North Attleboro, Massachusetts, residents who were initially concerned over a proposed manufactured home community, have changed their tune now that the developer has abandoned a controversial part of the project.

According to The Sun Chronicle, residents were at odds with the developer of Westcott Estates, a manufactured home community planned on 23 acres beginning last spring. The issue was over a street entry to the community, which residents said would affect their property values and bring unwanted traffic to the winding road.

We don’t have sidewalks or street lights, and it’s a very curvy road,” said area resident Lisa Forsgard. “We’ve had many accidents on that road and we know how tough a road it is to maneuver.

Forsgard lives directly across the street from the proposed entry, which prompted her to join other neighborhood residents at zoning board and selectmen meetings last spring to protest the development.

After the protests, developers decided to scrap the idea for the entryway on the proposed road and move it to an adjacent one. Forsgard says that with that move, her concerns were addressed.

They own the land and are allowed to do whatever they want with it,” said Forsgard.We know there is going to be change. We just wanted to protect the integrity of our neighborhood.

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North Attleboro, identified by red marker. Credit: Google.

Westcott Estates will be a 55 and over community, and developers also made it clear to area residents that the community will be made up of modern manufactured homes on concrete slabs, not the “trailers” that many envision.

For Don Baker, he was pleased to see that the developer was amenable to some concerns by the neighborhood.

I’m hoping to work with them rather than against them,” said Baker.

As long as they continue to build responsibly and appropriately, it should be fine. The only concern I still have is that it doesn’t affect the lifestyle of the residents.

With the changes by the developer, the planning board recently approved the project with certain conditions. The community must include a walking trail, two benches, two overhead lights, two dog waste bag dispensers and one dog waste bin.

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North Attleboro city hall. Credit: Century 21.

Planning officials also mandated snow removal from the lot within 48 hours of a snowstorm.

The developer will now have to record the plans for the community and begin consultations with contractors.

As Daily Business News readers are aware, stories pitting developers against residents have been in the news recently, including the case of a proposed MHC in Iberia Parish, Louisiana.

In most instances, inaccurate information and misconceptions about manufactured housing communities leads to cases of NIMBY (Not-In-My-Back-Yard).

But in the case of the North Attleboro development, there appears to be hope for progress through communication.

Our concerns were listened to,” said Forsgard. “Now, we’ll just have to see how it goes when it’s put in.” ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Clayton Homes Receives Key ISO Registration

October 21st, 2016 Comments off
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A Clayton Home in Texas. Credit: Clayton Homes, SPA.

Clayton Homes announced this week that all 36 of its home building facilities in existence in 2015 have attained International Organization for Standardization (ISO) 14001 registration.

The registration means that Clayton has implemented the necessary sustainable-building guidelines required by the ISO.

The company achieved the distinction of being the first manufactured home builder in the U.S. among members of the Manufactured Housing Institute (MHI) to receive the certification when its building facility in Rutledge, Tenn. did so during the first quarter of 2015.

The company made a commitment in 2015 to have all of its facilities registered by the end of this year.


It was a huge accomplishment for our Rutledge facility to become ISO 14001 registered as a manufactured home leader in environmental, safety and green building practices,” said Marty Bostrom, director of environmental, health and safety (EHS) for the Clayton home building group.

But we didn’t want to stop there. We’re now proud to announce that we’ve taken the goal we created at Rutledge and applied these practices to all of our facilities across the country.

The internationally agreed upon measures to reduce the cost of waste management and reduced energy consumption in the ISO 14001 can be obtained by all types of businesses. Since the registration began in 2015, 36 home building facilities have diverted 16,544 tons of landfill waste and reduced dust by 31 percent.

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Keith Holdbrooks. Credit: Clayton Homes.

Getting all our home building facilities registered is a huge milestone for us,” said Keith Holdbrooks, president of Clayton home building group. “Upgrading our locations on a national scale not only helps us become better stewards of our environment, it also allows us to operate more efficiently and improve team member experience.

The firm’s is the largest producer of manufactured homes (MH) in North America.  Vertically-integrated Clayton has several hundred retail centers nationwide. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures Clayton-built manufactured, modular homes.  It recently ventured into the “tiny house” market too.

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Clayton Fusion model, New Durham Estates, Westville, IN.

Clayton is also part of one of the industry-connected stocks monitored each business day, here on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Affordable (Manufactured) Housing Done Right – NextStepUS Annual Report

September 9th, 2016 Comments off

leelucilleallen-nextstepus-posteddailybusinessnews-mhpronewsCompared to where we were, there is no comparison,” said Lee Allen. “It’s been 10 years of good memories.”

When you walk through Lee and Lucille Allen’s front door, it feels like home,” begins the NextStepUS Annual report.

Over a decade ago, the Allen’s became NextSteps first home owners. “Lee is a bluegrass musician who played with Ralph Stanley and The Clinch Mountain Boys, a retired police officer and a natural storyteller. Lucille is a hairdresser at a local funeral home, a volunteer at the nursing home and an avid quilter.”

Tyler Mullins, the designer of the report and Megan Neff Sherehiy share the gift of knowing how to tell the NextStep story in a compelling way.  MHLivingNews and MHProNews have both periodically reported over the years on the organization and its vision, which touts green, energy saving manufactured homes “done right.”

staceyeppersonpresidentfoundernextstepnetwork-posteddailybusinessnews-mhpronews_001Stacey Epperson, the president and founder of NextStepUS was part of an interview that reflects how she, as a conventional builder at first hated “mobile homes,” but then she took a closer look at modern manufactured homes, and now she loves the product and how it can change people’s lives – like the Allen’s – for the better.

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NextStep’s work is worth attention, and there are numerous potential takeaways from how they present their work to others that manufactured housing pros at all levels can benefit from. To see their annual report, click here or the graphic above.

For a video interview with Stacey Epperson, click here.

The graphics on this page are part of their annual report, to see full NextStepUS report, please click here. ##

(Image credits, NextStepUS)

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

Submitted by L. A. ‘Tony’ Kovach to the Daily Business News, MHProNews.com.

Modular Homes Rising above the Ocean outside San Diego

August 4th, 2016 Comments off

CA_mod__San_Diego_by_u_s_modular_matchbin_dash_assets_dot_s3amazonaws_credit postedDailyBusinessNewsMHProNewsCalifornia modular home builder U. S. Modular, Inc. has been custom-home-building busy on the beach just south of San Diego at Ocean Beach. The latest, with a foundation currently being laid, is expected to be ready for occupancy next month, as sdnews informs MHProNews at this time.

Vice president of U. S. Jim Cavanaugh said the 3,190 sq ft, two-story modular home will include a rooftop deck, five bedrooms, dual pane windows, a super energy efficient HVAC system and many other modern features.

Noting modular homes go back to the 1800s, he states, “We’ve done hundreds of homes in this style,” noting the new OB model will be “very contemporary and high-end.”

He said the main difference between a stick-built and a modular home is the time difference, which saves 6-8 months labor. “I tell people, once we get our building permit in hand, it should be three to four months before they get into their house, while site-built homes typically take nine months to a year,” Cavanaugh said. His firm’s motto is “better, faster, greener and for less.”

(Image credit:matchbin-assets.s3amazonaws-rendering of a modular built to order home)

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

Manufactured Housing Remains as Preferred Pre-Fab

December 3rd, 2013 Comments off

As part of their Prefabricated Housing—Global Strategic Market Report, researchandmarkets.com states the manufactured homes segment of the industry accounts for ten percent of housing starts in the U. S., and contributes significant revenues to the entire housing industry, especially since shipments began rising in 2011. While low housing costs particularly for singles, young marrieds and seniors are currently driving the demand for manufactured homes, lack of retail financing is the greatest challenge to the segment, as MHProNews knows. Similar to other industries, the prefabricated housing market is moving in the direction of low carbon footprints, with solar energy, water cachement devices and energy efficient windows and insulation as it also seeks a “greener” identity. Currently the U. S. and Europe have the lion’s share of the prefabricated housing market, although Australia and New Zealand markets are growing. In the future, burgeoning demand for affordable housing is expected in China, Korea, India and Taiwan as the compounded growth rate reaches 4.4 percent through 2017, according to the report.

(Photo credit: mobilehomeliving.org–Australia manufactured home)

British PreFabs Get MakeOver after 60+ years

November 20th, 2013 Comments off

british-prefabs-get-makeover-credit-morpethhearald-uk-posted-daily-business-news-mhpronews-com-60 years after ‘Airey-type’ homes were built using prefabricated concrete panels, these homes are getting a desirable make-over. The 1950s era construction were only expected to last a decade. Win Dolan, 62, lives today in a home with her husband Derek on Hebron Avenue. Dolan says she’s live here all her life. “This is the only home I’ve ever known. We used to have a coal fire as we never had radiators when I was young, so you had to decide when you were going to run upstairs to bed at night because it was so cold.” An investment program worth about £400,000 from Isos Housing in concert with Green Deal, provider Cosyseal and specialist contractors Sykes carried out External Wall Insulation (EWI) upgrades on the 48 prefab homes. ##

(Photo credit: Morpeth Hearald)

Living Green Asks Just How Green are Today’s Modulars?

March 13th, 2012 Comments off

By Roto Frank AG (Roto Frank AG) [GFDL (www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (www.creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia CommonsFrom the web site Living Green comes a story that looks at the history of modular homes and just how green they are. The modular, as the article points out, has been the “net big thing” in home building for a century or more, yet accounted for only about five percent of new home built in 2010. The revolution, however, may have at last arrived, thanks in part to urban residential growth and new applications for modular construction there. The sustainability factor is another reason. As Living Green points out, almost nothing used in modular construction facility goes to waste. Moreover, they cost less to produce and many manufacturers use the cost savings to invest in energy-efficient upgrades including solar panels.

(Image Credit: By Roto Frank AG (Roto Frank AG), via Wikimedia Commons)

Some Times Things That Sound Too Good Are True

March 12th, 2012 Comments off

living homes screen shotDurabilityandDesign.com was the first to not that you may be able to believe things that sound too good to be true, at least where certain modular homes are concerned. LivingHomes LLC, a Santa Monica-based developer has an affordable, modern, zero-energy, zero-carbon, LEED Platinum-certified pre-fab home that is available now. It is also the first LivingHome to achieve most of LivingHomes’ Z6 Environmental Goals: zero energy, zero water, zero emissions, zero carbon, zero waste. The C-shaped homes start at $179,000 and are produced by Phoenix-based CAVCO. They were recently on public view in several California locations.

(Image Credit: Video Screen Shot)