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Posts Tagged ‘New Zealand’

Manufactured Housing Cash Register Rings Differently Down Under

May 30th, 2017 Comments off
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Depending on income, need and location, affordability is in the eye of the beholder. Credit: Sydney Morning Herald.

When it comes to housing, the term “affordable” means different things to different people… in different places

For example, in Queensland, Australia, the Light House Architecture and Science firm offers a typical size family modular home for $440,000 to $540,000. In Australia, one U.S. dollar is equal to 1.35 Australian dollars.

When asked about affordable housing in the country, Light House Architecture and Science lead architect Sarah Lebner sees laziness as a big challenge.

Well, it’s easy to sit around and wait for action from the top in regards to housing affordability, but we should also be tackling it from the bottom,” said Lebner.

To do this, we need to start with good design. Respect for smart design has suffered over recent decades; we’ve forgotten to orient buildings to capture the winter sun, we’ve been tempted by quantity over quality and we’ve been lazily pumping out the same bland housing models; predominantly small apartments or sprawling single residential blocks.”

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Credit: The Australian.

As the nation tries to work through its housing crisis, manufactured home communities are being converted from what have traditionally been tourist accommodations to year round residents. But, with no mortgage financing available, only retirees who sell their homes for cash can afford to acquire a manufactured home. This is vastly different from the situation in the U.S., where low income residents living in manufactured home communities is somewhat more common.

According to the Sydney Morning Herald, that means dollar signs for some.

As Australia’s retiree numbers continue to increase, many of them are faced with skyrocketing house prices and inadequate savings. With that mix, demand for cheaper manufactured homes is expected to grow by as much as 41 per cent.

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Manufactured Homes are in vogue for golden agers down under. Credit, Daily Telegraph.

And investors are responding to the growth with companies like Ingenia Communities and Alceon, acquiring existing communities and sites to convert, and finance companies including GE Capital planning to start lending to operators.

There is tremendous opportunity in manufactured housing,” said Jason Kougellis, managing director for Australia and New Zealand at GE Capital.

They provide an affordable solution for an ageing population in a country that has some of the most expensive real estate in the world.”

Most manufactured home estate (MHE) communities in the country are privately owned and operated, so the market is highly fragmented. This provides for significant opportunities for acquisitions, and analysts project that the current pipeline of opportunities will provide several years of growth via underfunded retirees who need affordable housing.

More on the market opportunity for manufactured housing in Australia is linked 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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Multi-Story Modular – The Answer to Rising Costs?

November 21st, 2016 Comments off
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A Matrix Homes installation in Wellington, New Zealand. Credit: Matrix Homes.

For Trentham, New Zealand-based Matrix Homes, they believe the answer is yes.

According to Voxy, Matrix Homes is about to enter the high-rise market offering steel frame modular construction for hotels and apartment buildings. This follows the signing of an agreement to partner with Alto Australia, a company with 30 years experience in large-scale modular multi-story projects.

Matrix expects to announce New Zealand’s first modular construction high rise building in the first quarter of 2017. This project will use the steel frame modular construction system developed by our partners Alto Australia,” said managing director Sean Murrie.

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Sean Murrie. Credit: Stuff NZ.

Not only will this result in considerable savings over the cost of conventional construction but the build time will be significantly reduced taking weeks instead of months – a fraction of the time of an onsite build.

The plan between the two companies will use steel framed load bearing modules, alleviating the need for the building to have an independent structural frame. The modules can be stacked like building blocks to create multi-story buildings of up to 10 levels in New Zealand.

Matrix says that their units will only take two weeks to install for a six-floor building, and that the entire build can be completed in less than 3 months. The company also claims that multi-story modular buildings have lower maintenance costs, and better seismic and acoustic performance than traditional builds.

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The Matrix Homes factory. Credit: Matrix Homes.

Our modular high rise system provides savings of up to 25% over conventional building methods, produces less material waste and a much safer work environment,” said Murrie.

This enables developers to build in the current market and avoid exposure to escalating building costs that industry sources recently claimed saw between 22 and 35 multi-residential projects axed in Auckland over the past 12 months.

But, according to Murrie, costs are not the only issue.

While rising construction costs are not the only reason many construction projects aren’t proceeding, clearly there is a need for greater innovation that will result in a less costly, faster and better performing built environment. Had developers adopted modular construction, we believe many of the cancelled Auckland projects could have been built,” said Murrie.

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Alto Australia plant. Credit: Alto.

Matrix Homes claims that they have produced 60 stand-alone homes. While bureaucracy is a challenge, they plan to continue.

Each and every housing consent with Councils is hard fought – the territorial local authorities are getting in the way of building affordable housing and we would prefer to focus on multi-story modular where our efforts aren’t stymied at every turn,” said Murrie.

The Matrix/Alto Australia modular system provides an innovative solution to the ever increasing cost of building multi-story buildings without compromising quality. It meets or exceeds all wind and earthquake standards, and provides superior fire protection. This makes the system ideal for hotels, apartments, and student accommodation.

Even with the challenges, Murrie remains optimistic.

We believe modular multi-story construction also creates an opportunity to expand our business and workforce to deliver bigger projects that will improve our built environment.

The Daily Business News has covered the modular segment recently, including a similar project by London-based firm Pocket. ##

(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.

Sunday Morning Recap-Manufactured Housing Industry News July 10-July 17, 2016

July 17th, 2016 Comments off

MHProNews_Sunday_morning_recap_7-2016 postedDailyBusinessNewsMHProNewsWhat’s New in public focused Manufactured HomeLivingNews.com

Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality

Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches

What’s New in Manufactured Housing Industry Professional News

Section 8 vouchers good for buying manufactured home. CBO: U. S. taxing itself into more debt. Large manufactured home community planned in southwestern Louisiana. Manufactured Housing Association for Regulatory Reform slams DOE proposal as a sham. Sun hires Xactly to streamline compensation. CFPB Director Cordray survives challenge to appointment. Calls for housing finance reform continue. Down under firms collaborating on modular homes. Fort Meade MHC looking for professional management. New Zealand government providing low-income modular housing. Pennsylvania town planning modular subdivision. House appropriations bill includes alteration to CFPB. News, views and information you can use in your professional life.

Saturday, July 16, 2016

Pine Ridge Manufactured Home Community gets Green Light to Expand

Friday, July 15

Patrick Stock has Risen +58.35 Percent in Seven Months

Dow Slips from Record High; Deer Valley Corp. Tops Gain Column

Senate Passes Bill to Allow MH Purchase with Section 8 Vouchers

Congressional Budget Office: America Taxing Itself into Poverty

Manufactured Home Ordinance Redefines MH Registration in South Carolina

Large Manufactured Home Community Planned for Southwestern Louisiana

Thursday, July 14

Drew Industries Included in Top 50 U. S. Manufacturers

Gas Furnaces in some New Mexico MH Pose Risk

NorthStar Advances 2.28%; Dow gains 134 points, Hits New High

MHARR Issues a Call to Arms to Defeat the Enactment of DOE’s New Proposal

RV and Mfg. Home Hall of Fame Museum on Indiana Must Visit List

HUD Funding Local Housing Authorities to House Homeless Vets

Wednesday, July 13

Sun Communities Aims to Streamline Compensation and Enhance Workflows

CFPB Director Cordray’s Rulings Pre-Confirmation Survive Challenge

Calls for Housing Finance Reform Continue to Resound

MHCV Ends Day above 1500; Patrick Falls more than other Tracked Stocks

Aussie and New Zealand Firms Collaborate on Modular Homes

Hedge Funds Trading in Shares of Sun Communities

Tuesday, July 12

Newby Management considered for Fort Meade’s MH Community

Revolution Pre-Crafted Properties launched Classy Modular Homes for Masses

Manufactured Housing Composite Value passes 1525, but Investors Keep selling

425,000 more Underwater Borrowers now Floating again

New Zealand Government Providing Modular Affordable Housing

Mon. July 11

PA Town Siting Modular Homes in New Subdivision

House Passed Appropriations Measure would Alter Funding and Leadership of CFPB

NorthStar Realty Finance Tops Leaders again, Advancing +4.97%; Deer Valley Drops -11.75%

Home Construction Industry Still Lacking Qualified Workers

Retailer Offering Free Seminar on New MH and Modular Construction

Sunday Morning Recap-Manufactured Housing Industry News July 3-July 10, 2016 ##

(Photo credit:MHProNews)

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

 

Aussie and New Zealand Firms Collaborate on Modular Homes

July 13th, 2016 Comments off

new zealand 2011 earthquake aftermath wikipedia postedDailyBusinessNewsMHProNewsNew Zealand’s home builder Lite Green Projects is collaborating with Melbourne, Australia-based modular builder Habitech Systems to deliver super-insulated modular houses across the Tasman District, an area at the northern end of South Island of New Zealand.

Andrei Martin of Lite Green said Habitech’s panel system provides high performance energy efficiencies and construction methods that reduce build time. He hopes the Habitech system will catch on in New Zealand because it is more economical than most sustainable and eco-friendly homes, as architectureanddesign.com.au tells MHProNews.

Remembering the earthquake that devastated Christchurch, New Zealand in 2011, Habitech wants to demonstrate to New Zealand builders that it’s possible build new homes that are not only earthquake resistive, but also affordable, attractive and sustainable.

Of particular interest to Chrischurch residents is that the Habitech wall panels have been proven to have 800 percent more bearing capacity, 580 per cent of the bending strength and 200 per cent of the bending stiffness of traditional framed construction. ##

(Photo credit: wikipedia–Christchurch, New Zealand following the earthquake in 2011)

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

New Zealand Considering Modular Homes to Meet Housing Shortage

June 22nd, 2016 Comments off

new zealand modular  jackie meiring  archdaily com creditMHProNews has learned from radionz.co.nz that the New Zealand government is contemplating building modular homes to meet the shortage of low-income housing in Auckland. Affordable Housing Minister Mrs. Paula Bennett said plans call for an initial round of 130-150 modular homes to determine if they meet the need.

Housing New Zealand has a 97 percent occupancy rate in Auckland. If the plan is approved the homes could be ready for occupancy in April, 2017.

As MHProNews reported Oct. 8, 2014, the earthquake of 2011 that killed 185 people and destroyed thousands of homes has left the country with a continuing shortage of housing. ##

(Photo credit: archdaily/Jackie Meiring–New Zealand modular home)

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

Modular Homes being Imported from China to New Zealand

September 11th, 2015 Comments off

new_Zealand_stuff_co_nz_anuja_nadkarni__modular_made_in_ChinaWith concerns over the high cost of housing in New Zealand, the Auckland Home Show emphasized smaller and more economical options, according to stuff.co.nz.

One of the small-living products was modular Ecotech homes, imported from China and then assembled on site. The process from order to completion takes four months.

Made of Cor Ten steel, Ecotech director Tracey Brackebush described the houses as being “indestructible.” “The beauty of this is the quickness. They can be built on top of one another–the stairs are all bolted externally. It’s definitely going to be the way of the future,” she added. MHProNews has learned one visitor to the show wanted her 1970s home to be replaced with the Ecotech model. ##

(Photo credit: stuff.co.nz/Anuja Nadkarni–steel modular home from China)

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

New Zealand PreFab Homes Rising Down Under

October 29th, 2014 Comments off

new_zealand_alpine_abode__tremewan____stuff_co_nzResponding to New Zealand’s low housing productivity, especially in the wake of the earthquake in Feb. 2011 in Christchurch that destroyed thousands of homes, Dan Tremewan’s prefabricated homes are the first to be constructed with lightweight timber panels and cross-laminated solid wood from locally grown douglas fir and pine.

As MHProNews reported March 14, 2011, the panels are insulated with New Zealand wool, according to stuff-co-nz, for the homes Tremewan calls Welhaus, which are flat-packed in shipping containers and assembled on site.

Styles range from family-sized homes to studios, hillside to beachfront, mobility accessible to apartments, on top of another structure or slotted together to form a larger dwelling.

The low-energy designs will be marketed locally by Realtor Harcourts, but Tremewan, with a background in finance and property development, is considering offshore markets. The homes are currently contracted out, but he intends to open his own factory, perhaps in Christchurch. ##

(Image credit: stuff-co-nz–the Welhaus Alpine Abode by Tremewan)

matthew-silver-daily-business-news-mhpronews-com(Submitted by Matthew J. Silver to Daily Business News-MHProNews)

New Zealand still Struggling with Modular Homes

October 8th, 2014 Comments off

new zealand modular  jackie meiring  archdaily com creditThe cost of land planning and consent fees is driving up the expense for building affordable housing in New Zealand, which is restricting growth, according to Finance Minister Bill English. Chris Aitken, CEO of Hobsonville Land Company, says developers often face fees into the hundreds of thousands, and even millions of dollars, but he also notes the building industry needs to make some changes, as reported by newstalkzb.co.nz. “We need to be more efficient at building more modular homes that are more repetitive in their design and the significant costs can be taken out of that,” he says. Ever since the Christchurch earthquake in Feb. 2011 killed 185 people and destroyed thousands of homes, as MHProNews reported Feb. 12, 2014, the country has experienced a severe housing shortage. ##

(Photo credit: Jackie Meiring/archdaily.com–modular housing in New Zealand)

Chinese Modular Homes Made Shippable like Containers

September 10th, 2014 Comments off

australian__treehugger__nova_deko_modular_made_in_ChinaAustralian builder Nova Deko, realizing that shipping containers are overbuilt in terms of converting them to homes, is taking advantage of the transportation handling system that made globalism happen by building modular homes in China the same size as containers so they can be easily transported. Built in a factory in Foshan, China and supervised by Australian trades to ensure they meet all New Zealand and Australian building codes, the homes are outfitted with the appropriate plumbing and electrical connections, including LED lighting, stone counters and extra insulation, according to treehugger.com. The walls in this 320 square foot dwelling are thinner than a shipping container might be in order to squeeze out a few more square inches of space. The goal is to achieve affordable, sustainable housing, and ultimately to make the homes fully sustainable without the need for external power, water or sewage system. MHProNews understands the inexpensive labor that constructs the shipping containers can also make modular homes of similar dimensions. ##

(Photo credit: treehugger.com/Nova Deko modular home built in China)

Developer to Build Modular Units in New Zealand

June 10th, 2014 Comments off

Real estate developer Ian Cassels of New Zealand intends to build 2,000 two-bedroom modular apartment units for Wellington measuring about 225 square feet each. As director of The Wellington Company, Cassels has already signed a contract to develop land owned by the Port Nicholson Block Settlement Trust, where a prototype of City Blox has been assembled in Shelly Bay. As stuff.co.nz reports, if this plan gets the go ahead, he hopes to build more modular units in Christchurch where a housing void continues following the Feb. 2011 earthquake that destroyed 10,000 homes, which MHProNews last covered March 5, 2014. ##

(Image credit: stuff.co.nz–artist’s rendering of modular apartments)