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Posts Tagged ‘supply chain’

Modular Becomes Solution for Supply Chain Slowdown

January 19th, 2017 Comments off
ModularBecomesSolutionforSupplyChainSlowdowncreditIndependentIE-postedtothedailybusinessnewsmhpronewsmhlivingnews

A Skyclad modular home. Credit: Independent IE.

As the U.K. battles an ever-increasing housing crisis, more and more people are looking to manufactured and modular housing as a solution.

Ashley Ilsen, Chief Marketing Officer and Head of Lending at development finance lender Regentsmead, tells MHProNews that supply chains, in the wake of the recent Brexit vote, have presented a unique opportunity.

Supply chains seem to have slowed since the Brexit vote and this is severely hampering the rate that we are able to build houses,” said Ilsen.

Cost of building materials is predicted to rise dramatically over the next few years, following our rather painful exit from the EU. Worryingly, this seems to be widely ignored by the government, which I can’t understand given that housing is such a prominent topic these days.”

ModularBecomesSolutionforSupplyChainSlowdowncreditRegentMead2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Ashley Ilsen. Credit: RegentsMead.

Ilsen believes he knows the solution.

Modular housing could well be the answer here. We have come a long way from some of the pre-fabricated solutions that we saw during the 1990s. With a huff and a puff it would be touch and go whether these would stay standing, and after a few winters you were lucky if the size of your house wasn’t very different to when you first moved in,” said Ilsen.

Today we are of course in a very different age where we now have a plethora of various modular housing products. Each one I see seems to be even more superior to the last. The house is constructed in a third of the time as a brick and block structure. Usually, the house arrives on site in sections and is pieced together almost like a giant puzzle, something that has caused headaches for lenders that haven’t necessarily comprehended how to fund such buildings.

Ilsen feels strongly that as modular housing solutions become more mainstream in the U.K., it’s critical that lenders better understand them.

There may well be a different type of warranty required for a modular house; funds will need to be released in a different structure and when problems occur on site a lender should have the expertise to deal with it,” said Ilsen.

Modular builds will also carry a different site value as they are constructed, which means no more hiding behind the ‘bricks and mortar’ phraseology that we hear so often. There are also numerous risks involved in modular construction that a good development lender will have a deep understanding of.

aradicalnewsolutiontothehousingcrisiscreditdailymail-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The Daily Mail.

The Daily Business News has covered the U.K. housing crisis, and potential solutions closely, including supermarket giant Tesco adding modular units on top of their store locations and an “urban bungalow” home created by Willerby Innovations. That story 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.

Investors Looking to Cash in on Housing Market Rebirth

February 5th, 2013 Comments off

CNNMoney tells MHProNews investors are dashing to buy assets in every aspect of the housing supply chain—builders, undeveloped land, foreclosed homes, and building suppliers. Paulson and Co. has bought enough land in three western states to build up to 25,000 homes and is looking for more. Blackstone Group (BX) shelled out $2.7 billion last year to acquire 17,000 single-family foreclosed homes, and continues to hunt. Silver Bay Realty Trust (SBY) has already purchased 2,500 homes in areas pounded by the housing crisis and is on the lookout for 3,100 more homes. Brad Geisen, CEO of Foreclosure.com, has seen strong interest from investors in the last three months trying to buy quantities of foreclosed homes. He says, “A lot of investors see a short window of opportunity where there’s good inventory on the market at bottom market prices. No one knows how long it will last, so these investors are trying to buy as much as they can right now.”

(Image credit: etftrends)

Canadian Component Manufacturer Goes West

April 11th, 2012 Comments off

MHProNews.com has learned from Calgary, Alberta, Canada Okaply Industries has opened a new factory in Calgary. Based in Oka, Quebec, just north of Montreal, Okaply manufactures pre-finished gypsum, MDF, plywood, particleboard, shelving and moulding for the manufactured and modular housing industries. The company services clients in Canada, parts of the U.S., Chile, Argentina, and Peru. In business for 46 years, HoustonChronicle says the company also purchased robotic feeds for their lamination production lines in Okla and in Calgary. Company president Craig Starke says, “We are one of the companies in the supply chain that is benefiting from the rise in commodity prices for raw materials such as oil, and precious metals. Setting up shop in Calgary is part of our plan to be closer to our customers and grow our business.”

Photo credit: PRWeb/HC)