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Chinese PreFabs, Modulars Are Selling in the USA, Here’s an Example

August 24th, 2018 Comments off

 

PatrickKennedyPanoramicInterestsChinaChineseModularPrefabsDailyBusinessNewsMHproNewsThe Daily Business News on MHProNews has spotlighted Patrick Kennedy with Panoramic Interests before.

 

Tiny Prefab Builder Takes His Show on the Road

Kennedy is keen on using modular/prefabs in multifamily projects to save time and costs. As thousands of factory-built housing professionals know, he’s not alone.

Cities Housing the Homeless – are Modular Homes an Answer?

What makes this project worthy of attention is where the units are being built.

The pre-fabricated units were built in China. The transoceanic shipping costs were less than the cost of trucking the units from docks in the Bay Area to Shattuck Avenue in Berkeley, CA per ABC7.

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One of the modular units being swung into place for the 4 story high project.

This is our second modular project and we’re trying to figure out a way to bring down the cost of building housing,” said Kennedy.

Kennedy’s photos show that the prefabricated units were stacked in just four days. “Imagine Lego blocks where a crane sets each rectangular box into place,” said Katie Utehs for the local media.

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Click the above to learn more or register for the event, which is unrelated to the article.

Prefab [from China] really only works if you’re close to the ports because your trucking costs kill you as soon as you go far,” explained Kennedy to one of the onsite workers.

The stairwells and the hallways get finished on site, but the units proper are completely done at the factory,” explained Kennedy. As industry pros understand, the units are connect by local contractors, electricians, and plumbers, but the individual studios are shipped finished.

 

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Click here or above to learn more, which is not connected to this report.

This building has 22 units, and is on an expensive piece of property. There are 310 square feet, built to house two. ADA accessible units are on the first floor. There’s no parking or elevator for this four-story building, but there will be bike lockers, as it is geared toward student housing.

In a residential neighborhood that’s been here for more than 100 years there’s no sense of trying to fit in,” said Todd Darling, a less than happy Berkeley resident.

We’re never going to build our way out of a housing crisis there are more people that want to live in the Bay Area then there is room for,” said Darling, who reflects the NIMBYism that is driving housing costs in metro areas higher and higher.

This project was originally authorized in 2010 as a boutique hotel, but the developers later partnered with UC Berkeley in 2015 to make it graduate student housing.  That time line also reflects the implied holding costs for such developments.

This got approved under a much more sympathetic administration with Mayor Bates, when Mayor Bates was Mayor. In fact he lives around the corner,” Kennedy said.

The housing is scheduled for completion by September 1st. UC Berkeley set the rental rate for the furnished units at $2,180.

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Industry Takeaways?

MHProNews has been reporting for years that foreign producers have targeted the U.S. for projects like this.

The Daily Business News receives periodic contacts from producers of housing, most commonly from Asian nations, which are aiming at doing single or multi-family housing in the U.S.

It is one of several undercurrents that manufactured and modular housing professionals and investors in the U.S. should keep in mind in navigating the crests and waves that are part of the factory-built housing industry’s reality.  “We Provide, You Decide.” © ## (News, analysis and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

Sunday Morning Manufactured Home Industry Research, Reports, Headline News Recap 6.17.2018 to 6.24.2018

 

Survey Top 2017 PreFab, Modular, Tiny and 3D Printed Housing News Stories

Manufactured Housing Industry Statistics and Fast Facts Reports 2007-2015

December 19th, 2016 Comments off
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To see an article that explains the distinction between residential and ‘entry level’ or ‘shade and shelter’ HUD Code manufactured homes, click here. To see a video on that same topic, that includes a discussion of modular homes and appraisals, click here.

The Manufactured Housing Institute (MHI) has released a report, “Quick Facts Trends and Information About the Manufactured Housing Industry ” which includes key data and shows growth for the industry.

The report cites that manufactured housing provides a practical, viable and affordable housing solution for residents across a wide range of age, employment and household income demographics.

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Graphics from attached report, credit: MHI.

Cost and size comparisons of new manufactured and single family site-built homes is also included, showing that manufactured housing is on par with site built housing in terms of quality and the ability to retain value.

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Credit: MHI

Today’s manufactured homes have experienced a major evolution in the types and quality of homes being offered to buyers,” the report said.

Technological advances are allowing manufactured home builders to offer a much wider variety of architectural styles and exterior finishes that will suit most any buyer’s dreams, all the while allowing the home to blend in seamlessly into most any neighborhood. Two-story and single-family attached homes are but two of the new styles being generated by factory-built innovation. As a result, today’s manufactured homes are offering real housing options for the neglected suburban and urban buyers.

While the MHI report cites that buyers can save ten to twenty percent per square foot compared to conventional site built homes, data from the U.S. Census Bureau provides conflicting data on the matter, showing a more significant cost savings.  The Census Bureau data should be understood as correct on that specific point.

The report from MHI is linked here, and the data from the U.S. Census Bureau is linked 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.

Housing Starts Fall in October, while Building Permits Rise

November 20th, 2015 Comments off

new home const   sue orgocki  associated press  creditFollowing numbers from the National Association of Home Builders (NAHB) that show builder confidence slipped three points in October, zacks tells MHProNews that figures released by the Department of Housing and Urban Development (HUD) and the Census Bureau reveal housing starts in October dropped 11 percent to a seasonally-adjusted annual rate (SAAR) of 1.06 million units.

Hitting the lowest level since March 2015, the October drop was lower than expectations, and may have been in part due to construction delays in the South as the result of flooding.

Single-family housing starts declined 2.4 percent, while multifamily starts, which were strong enough in recent months to put a positive spin on the housing market, plummeted 25.1 percent. Moreover, housing starts declined 1.8 percent year-over-year.

Somewhat offsetting to the housing starts drop, building permits rose 4.1 percent in October over the previous month, which may indicate construction activity may be stronger in November. Permits rose 2.4 percent for single-family homes and 6.8 percent for multi-family, indicating the continuing demand for apartments. Also, permits rose 2.7 percent year-over-year.

Analysts see the slow down in November as a temporary, and perhaps, seasonal setback, since the fourth quarter is typically the slowest for construction activity due to the cooler weather.

Overall, the improving economy and job market, combined with low interest rates, helped spur the housing market into a good year in 2015, and economists sense the momentum may carry into 2016. ##

(Photo credit: associatedpress/Sue Orgocki–new home construction)

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

 

 

Canadian Housing experts divided – soft landing or continued house price growth?

August 27th, 2014 Comments off

anadalend-president-bob-aggarwal=credit-posted-daily-business-news-mhmsm-com-Teranet-National house price index continued to rise in July. The index tracks single family home sales in 11 major cities, and is up 4.9% year over year and 4.1% year to date. “On the same day, the Canada Mortgage and Housing Corporation [CMHC] predicted the Canadian housing market would experience a gradual slowing, or soft landing, over the next two years, as builders begin to reduce inventories,” Bob Aggarwal, president of Canadalend, told MHProNews.

Housing starts in the Prairies are expected to hit 52,900 units in 2014, and then moderate to 50,800 in 2015. Ontario, Aggarwal says, is regaining momentum throughout 2014, but will ease in 2015. “Starts in Quebec will be steady in 2014 and 2015 near 38,500 units. In Atlantic Canada, housing starts are forecast to decline close to 14% in 2014 and a further three percent in 2015.” ##

(Image credits: Canadalend)

Builder Confidence Rises for 55+ Market

August 8th, 2014 Comments off

senior smiling   masterfile creditThe National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI) indicates builder confidence in the 55+ single-family housing market rose three points to 56, the highest second-quarter reading since the beginning of the index in 2008. Builder sentiment is measured by current sales, prospective buyer traffic and anticipated six-month sales as good, fair or poor, with any index number above 50 indicating builders see the market as good, as MHProNews has learned. David Crowe, NAHB Chief Economist, says, “One of the factors contributing to the positive signs in the 55+ housing market is the slow but steady increase in existing home sales in the last three months. The 55+ market is strongly driven by consumers being able to sell their existing homes at a favorable price in order to buy or rent in a 55+ community.” ##

(Photo credit: masterfile.com- smiling senior )

Manufactured Homes Protected by State Law

July 15th, 2014 Comments off

The Massachusetts Homestead Act protects homeowners from having their homes sold off to pay unsecured debts such as credit cards and lawsuits, providing they live in the home as their principal residence, according to thevalleydispatch.com. It does not apply to mortgage payments or taxes or liens on the property, but does protect up to $125,000 in equity on the home. The automatic protection applies to manufactured homes just as it does to single-family, condos, multifamily of 2-4 units and co-ops. MHProNews understands if the homeowner passes away the protection continues for the spouse and dependent children. ##

(Photo credit: Liberty Homes, Inc.)

Housing Starts for May Fall

June 20th, 2014 Comments off

Single-and multifamily housing starts both fell in May as production dropped 6.5 percent to a seasonally annual adjusted rate (SAAR) of just above one million, according to figures from the Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts dropped 5.9 percent to a SAAR of 625,000 while multifamily starts fell more, 7.6 percent, to a SAAR of 376,000. Overall housing production dropped in the Northeast 25.2 percent, while the Midwest fell 16.5 percent and the West slipped 16.3 percent. MHProNews has learned the South posted a gain of 7.3 percent. At the same time, the National Association of Home Builders (NAHB) reports single-family building permits rose 3.7 percent in May, but the overall rate was pulled down by the multifamily sector which notched a 19.5 percent loss, leading to an overall drop of 6.4 percent for a SAAR of 991,000 units. ##

(Photo credit: bloombergbusinessweek.com–new multifamily construction)

Housing Starts Post Highest Pace in 8 years

May 16th, 2014 Comments off

The jump in multifamily housing starts for April of 39.6 percent is the fastest pace for this housing sector since Jan. 2006, and helped propel total housing starts to 1.07 million units, a 13.2 percent increase over March, according to figures released by the Department of Housing and Urban Development (HUD) and the Census Bureau. MHProNews.com understands single-family starts rose only +.08 percent to a seasonally adjusted rate of 649,000 units, according to the National Association of Home Builders (NAHB). “The growth in multifamily production is a very positive development as it shows an expected increase in household formations from young people renting apartments and taking the first step into the housing market,” said NAHB Chief Economist David Crowe. “These young households will form the demand for ownership in the future.”

All four regions showed gains in single-family and multifamily for April: The Midwest posted a 42.1 percent increase; the Northeast registered a gain of 28.7 percent; the West reported an 11.1 percent increase, and the South nudged up 1.5 percent. Building permit applications rose eight percent, due almost totally to a 21.8 percent gain on the multifamily side, and a marginal increase on the single-family side of 0.8 percent. ##

(Photo credit: fotosearch.com)

Housing Starts Fell in January

February 19th, 2014 Comments off

According to newly-released figures from the Census Bureau and the U. S. Department of Housing and Urban Development (HUD), housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, reports the National Association of Home Builders (NAHB). Of these, single-family housing starts accounted for 573,000 units, a decline of 15.9 percent, while multifamily comprised 307,000 starts, falling 16.3 percent. Says NAHB Chief Economist David Crowe, “Though the decline in starts is largely weather related, it is worth noting that on the upside housing production for the fourth quarter was above 1 million for the first time since 2008 while single-family permits held relatively steady.” Single-family permits, seen as a measure of future activity, dropped 1.3 percent, as MHProNews.com has learned. ##

(Photo credit: Fotosearch.com)

55+ Housing Market Makes Strong Headway

February 4th, 2014 Comments off

The National Association of Home Builders (NAHB) reports in their 55+ Housing Market Index (HMI) that builder confidence has risen sharply for Q4 2013, compared to the same period last year, in all three segments—single family homes, condominiums, and multifamily rental. Based on a survey that asks builders if current sales, prospective buyer traffic and expected sales for the next six months are good, fair or poor, with 50 as the middle between good and poor, from a year ago all segments of the 55+ single-family HMI increased: present sales rose 26 points to 53, expected sales for the next six months rose 24 points to 62, and traffic of prospective buyers increased 9 points to 33.

In multifamily, the 55+ condo HMI increased 16 points to 35, the highest 4th quarter reading since the index began in 2008. Present sales spiked 20 points to 37, anticipated sales for the coming six months rose 15 points to 40, and traffic of prospects increased nine points to 30. MHProNews.com follows this index monthly, and understands these numbers are significantly higher than most all of the reports.

The 55+ rental indexes also notched strong gains in the third quarter. Present production increased 12 points to 43, expected future production rose 12 points to 46, current demand for existing units increased 16 points to 54 and future demand increased 16 points to 55. Says NAHB’s David Crowe: “The 55+ segment of the housing market contains more discretionary purchases so as expected it has taken longer for that segment to join the housing recovery.”

(Image credit: National Association of Home Builders)