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    ‘Looking to develop’: Demand for homes could lead to construction spike in Connecticut – CT Insider - February 20, 2021 by Mr HomeBuilder

    As properties go, it was not going to last long on the market a dream home on more than an acre of land in Greenwich, abutting more than three acres of conservation area and priced at a mere $1.8 million in an enclave where other houses are selling for more than $5 million.

    The only element missing? The dream home itself, which exists only in the mind of the buyer who bought the acreage. But it wont be long before a builder has that blueprint in hand, as a backhoe breaks ground on a new house.

    As home hunters pounce on listings nearly as fast as sellers are putting them onto the market in Connecticut, construction of single-family homes is shaping up as the states next boom following a decade of apartment construction.

    The last burst of new construction in Connecticut in 2008 ended up with many homes built on spec languishing empty for extended periods and some going into foreclosure for lack of buyers, after a hot housing market imploded in the sub-prime mortgage collapse that triggered the Great Recession.

    But experts agree that the COVID-19 pandemic continues to drive city dwellers to outlying towns, as more employers embrace remote working arrangements they cobbled together on the fly last year.

    The CEO of Berkshire Hathaway HomeServices New England Properties does not see a spec-building bubble like 2007 in the offing, but says there is sufficient interest in Connecticut options that newly built homes will find buyers in a hurry.

    Were seeing more permits, for sure, and well see more builders much more willing to bring their product and at a little bit higher of a price, said Candace Adams, CEO of Berkshire Hathaway HomeServices New England Properties. Ive gotten ... inquiries for large parcels of land in Connecticut of people looking to develop it.

    A year after permits for apartments outnumbered new houses in Connecticut by 1,300 units, the pendulum swung in the opposite direction last year according to the U.S. Census Bureau. The more than 2,900 home permits estimated by the Census Bureau was the highest total since 2008, when municipal officials signed off on nearly 3,100 projects.

    The SmartMLS multiple listing service had more than 2,500 listings for available residential lots in Connecticut, from a 19-acre waterfront spread on Greenwichs Field Point Road priced at more than $45 million to a 33-acre wooded parcel in Stonington that sold this week for less than $1 million. Many of those lots carry approvals to be subdivided for multiple homes.

    Currently in Connecticut, 1,600 newly constructed homes are listed for sale on Zillow, including 200 in the past month alone and several of those already under contract. But it is not quite yet a build-it-and-sell-it bonanza large numbers more remain available that came on the market last summer and fall.

    The Connecticut Department of Consumer Protection currently lists 1,600 home builders approved to perform new construction.

    As far as who is buying, it depends on what part of the state were talking about, Jim Perras, president of the Home Builders & Remodelers Association of Connecticut, said in an email. In central Connecticut, typically what we are seeing is customers in their 30s or 40s with children most are second time home buyers and residents from the area. Contrast that with the Fairfield County area, where the vast majority of new home buyers are from out of state, with many existing residents opting to remodel and build additions.

    Perras said that builders are busy enough that it is squeezing out any excess capacity for speculative home construction for subsequent sale. And he said builders are getting squeezed on another front the cost of materials.

    Prices for building materials have escalated sharply the past several months including for lumber, confounding builders who are purchasing supplies after locking in prices for existing projects. The Associated General Contractors of America beseeched President Joe Biden on Thursday to intercede by finding ways to increase domestic lumber production or make it easier for suppliers to import from Canada or other countries.

    But todays buyers and builders have another extraordinary tool at their disposal interest rates that at 2.7 percent for a 30-year mortgage are at nearly half their level of two years ago. The Federal Reserve has indicated it will hold interest rates steady for at least the next year in an effort to boost economic activity coming out of the pandemic.

    In Stonington, the agent who sold the 33-acre parcel near Lords Point indicated that activity is booming elsewhere as well, including on Masons Island at the mouth of the Mystic River.

    I just sold or put under deposit about six or seven lots there, said Judi Caracausa of Market Realty in Mystic. Wonderful new construction happening there too.

    Alex.Soule@scni.com; 203-842-2545; @casoulman

    See the rest here:
    'Looking to develop': Demand for homes could lead to construction spike in Connecticut - CT Insider

    Billionaire Tepper on buyers side of Palm Beach mansion sale closed for as much as $73M: sources – Palm Beach Daily News - February 20, 2021 by Mr HomeBuilder

    Darrell Hofheinz|Palm Beach Daily News

    Hedge-fund billionaire David Tepper and his wife, Nicole, are on the buyers side of an off-market salethat closed Friday foras much as$73million for a never-lived-in oceanfront mansion on the North End of Palm Beach, sources have confirmed for the Palm Beach Daily News.

    The price recorded late Friday afternoon with thedeed for 905 N. Ocean Blvd. was$68.385 million. Recorded prices are often lower than contract pricesbecausethe latter may include items such as real estate commissions, fees and furnishings, real estate observers say. The buyer was not identified in the preliminary information about the transaction posted on the Palm Beach County Clerks website.

    The sale of the seven-bedroom, Old Florida bungalow-style house marked one of thehighest recorded prices ever paid for a property north of the Palm Beach Country Club. It also is the second-most expensive never-lived-in house ever sold in Palm Beach, property records show.

    With about 19,000 square feet of living space, inside and out, the house was completed last year on a direct-beachfront lot with about 125 feet of shoreline. The house has about 12,000 square feet of interior space and was completely furnished when it sold.

    Measuring a little more than an acre, the lot is the second property north of the coastal roads curve around the north end of the Palm Beach Country Club.

    The Palm Beach Daily News reported last week that Tepper had put the house under contract with the sellers, real estate investor Pat Carney and his wife, Lillian, who are longtime residents. Although the exact sales price at the time wasnt known, the Wall Street Journal initially reported that roughly $73 million would change hands in the sale.

    >>MORE:Billionaire Tepper has North End house under contract for $70M-plus: sources, reports

    David Tepper, who owns the Carolina Panthers football team, joins a string of hedge-fund billionaires and sports franchise owners who have bought properties in Palm Beach.

    With a fortune estimated by Forbes at$13 billion, Tepper, 63, is the richest NFL team owner in the country. Forbes ranked him 41st on its latest list of the wealthiest 400 U.S. billionaires and described him as arguably the greatest hedge fund manager of his generation.

    Tepper founded and heads Appaloosa Management, a global hedge fund based in Miami Beach, where he and his wife have a home. The couple also has longtime ties to New Jersey.

    Tepper paid a reported $2.3 billion for the Carolina Panthers in 2018, two years after he movedhis company from New Jersey to Miami-Dade County. Before founding Appaloosa Management in 1993, he directed junk-bond operations at Goldman Sachs, according to Forbes.

    >>MORE: Sale recorded at $122.7M seaside spec house sets new record in Palm Beach

    Pat Carney is chairman and CEO of Claremont Cos., a real estate investment, development and asset-management company based in Bridgewater, Massachusetts. The Carneys own a lakefront house in Palm Beach that they use as their primary residence, although they spend summers in Massachusetts, Pat Carneypreviously told the Daily News.

    The Carneys and the Teppers could not be reached for comment.

    Agent Jim McCann of Premier Estate Properties has represented Carney in a number of real estate transactions. But McCann could not be reached to confirm if he was involvedin the sale of 905N. Ocean Blvd. The Daily News also could not confirm if an agent or agency handled the buyers side of the sale.

    The design of the just-completed house bought by the Teppers and a new one next door to the south, developed by a different owner stirred controversy when they were reviewed over several months by the Architectural Commission in 2018. Neighbors vigorously complained that the initial designs were too large for their lots. Both projects were scaled down considerably before the board approved them.

    Pat Carney told architectural commissioners he and his wife were going to build the house as a custom home for themselves as a change from their longtime home on the lake. But they were caught off-guard by the bitter opposition to the plans, especially from their neighbors immediately to the north, real estate developer Murray Goodman and his wife, Joannie. The Goodmans told town officials they were worried the new house would encroach on their privacy.

    >>MORE:How two controversial houses finally won approval in Palm Beach

    In March 2016, the Carneys had paid a recorded $14.57 million for their lot, which was sliced from a 2.3-acre property sold by a revocable trust in the name of late Lorraine Friedman, who had lived there in a 1970s-era residential compound with her late husband, Jack. TheFriedmans' house and several outbuildings all with distinctive blue-tile roofs had been razed by the time the Carneys closed on the property.

    In a simultaneous deal orchestrated by Pat Carney, Palm Beach resident Keith Beaty and his son, Clark, bought the other half of the old Friedman estate for $14.57 million.

    I had agreed to buy the whole parcel, Carney told the Daily News at the time of the sale. Then I invited the Beatys to participate.

    >>MORE: Seaside estate being split in half sells for about $30M in Palm Beach

    The Beaty family has since developed a house on speculation on the lot at 901 N. Ocean Blvd.The house wasjust listed for $84 million, furnished, by agent Christopher Deitz of William Raveis South Florida.

    The land owned by the Carneys, Beatys and Goodmans wasonce part of Playa Riente, an elaborate1923 estate designed by noted society architect Addison Mizner and demolished in the late 1950s by its final owner, the late Anna Dodge Dillman.

    >>MORE:New seaside spec mansion gets $84M price tag, furnished, in Palm Beach

    The Teppers new house was described to the Architectural Commission by its designer, Daniel Menard of LaBerge & Menard, as having cottage-y style architecture with simple windows, deep eaves supported by brackets and broad tapered columns that recall the bungalows built during Palm Beachs early days.

    Pat Carney has developed and sold a number of never-lived-in homes in Palm Beach. In March 2016 he sold for nearly $43.7 million a beachfront house he developed on speculation at 1695 N. Ocean Way. The sale marked the third never-lived-in, furnished mansion developed by Carney to change hands within the previous seven months. In all, those three sales two in Palm Beach and one in nearby Manalapan totaled $108.1 million.

    >>MORE:Oceanfront spec mansion developed by Carney sells for nearly $44 million

    McCann then of the Corcoran Group but today at Premier Estate Properties represented him in all of those sales.

    In the 2016 sale at 1695 N. Ocean Way, hedge-fund manager Ken Tropin was the behind the entity that bought the house, and he later expanded the estate by buying the oceanfront property immediately to the south. Tropin was represented by agent Suzanne Frisbie, who later left the Corcoran Group to join McCann at Premier Estate Properties.

    >>FROM THE ARCHIVES:Delaware entity pays $33M for Carney's new Manalapan estate

    The other two spec homes sold within the seven-month period by Carney were a waterfront house in Manalapan at 800 S. Ocean Blvd., which sold to a Delaware-registered limited liability company for $33 million in September 2015; and a lakefront house in Palm Beach at 390 N. Lake Way, which sold in December 2015 for $31.4 million. In the latter deal, broker Steve Hall of Hall Real Estate acted on behalf of the buyer, an entity linked to Bain Capital/Private Equity executive Paul Edgerley and his wife, Sandra.

    The most expensive sale of a house developed on speculation in Palm Beach closed last week at 535 N. County Road. That oceanfront mansion on 2 acres set a Florida sales record when it changed hands for a recorded $122.7 million in a sale previously reported by the Palm Beach Daily News. Broker Lawrence Moens of Lawrence A. Moens Associates had the listing. The buyer, said to be financier Scott Shleifer, worked with New York City broker Ryan Serhant of the concierge-style agency Serhant in collaboration with agent Christopher Leavitt of Douglas Elliman Real Estates Palm Beach brokerage. The house had been marketed with a price tag of$140 million.

    >>FROM THE ARCHIVES:Lakefront spec home built by Carney sells for $31.4 million

    *

    This is a developing story. Check back for updates.

    dhofheinz@pbdailynews.com

    @PBDN_hofheinz

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    Billionaire Tepper on buyers side of Palm Beach mansion sale closed for as much as $73M: sources - Palm Beach Daily News

    Business briefs: New Counselor Realty office opens near Detroit Lakes, two at Edina Realty receive recognition – Detroit Lakes Tribune - February 20, 2021 by Mr HomeBuilder

    Tricia Bellefeuille, who has been a real estate agent in Detroit Lakes for five years, is opening a Counselor Realty satellite office in the Cotton Lake area, on the corner of Highway 34 and County Road 29.

    Bellefeuille is a graduate of the Realtor Institute, and is GRI designated. According to the National Association of Realtors, the GRI designation is "the mark of a real estate professional who has made the commitment to provide a high level of professional services by securing a strong educational foundation. She previously worked as an agent at The Real Estate Company of Detroit Lakes.

    Bellefeuille came to real estate with her construction background. She has co-owned a custom home construction company with her husband since 1997, for which they buy and sell land and build custom homes. Also a salon owner and former stylist, Bellefeuille has used her creative skills, along with her passion for architectural and interior design, to design spec homes for the construction company.

    As a business owner in the Detroit Lakes community for over 20 years, Bellefeuille says she understands the importance of building long-lasting client relationships based on trust, communication and delivery of results. For more information, visit triciabelle.counselordl.com.

    Edina Realty, a Berkshire Hathaway affiliate and the Midwest's largest residential real estate firm, recently announced that the following realtors from the Detroit Lakes office are being recognized for outstanding sales performance, market knowledge and customer service as members of Edina Realty's Executives, Chairman's, Master's, President's or Leadership Circles: Jill Barnby - Leadership; Carrie Wirth - Leadership.

    Membership in Edina Realtys Circles places them among the top Edina Realty agents as follows: Executives Circle top 3%; Chairmans Circle top 8%; Masters Circle top 14%; Presidents Circle top 28%; and Leadership Circle top 42%.

    Agents who earn membership in Edina Realtys Executives, Chairman's, Master's, Presidents or Leadership Circles exemplify our core values of honesty, integrity, commitment, innovation and community. They prioritize customer relationships, understand evolving market trends and nurture connections, said Greg Mason, Edina Realty Home Services CEO, in a press release. Edina Realty leads the market for the 21st consecutive year thanks to our hardworking and dedicated agents.

    See the article here:
    Business briefs: New Counselor Realty office opens near Detroit Lakes, two at Edina Realty receive recognition - Detroit Lakes Tribune

    This 2.3m Bolton site – has 2 homes one with its own cinema – The Bolton News - February 20, 2021 by Mr HomeBuilder

    IF clean lines and modern proportions are your thing, then Stepping Lodge could be the property for you.

    Similarly, if light and airy family living is what youre after, then youll love Stepping House.

    The two properties share an exclusive cul de sac plot in Heaton, just a short drive from Bolton town centre.

    They are currently on the market via the luxury estate agent Savills, with a guide price of 2.3million.

    Image: Savills

    While Stepping House features a traditional brick facade, its interior centres around generously-proportioned rooms with plenty of natural light.

    The space is warm and sociable, with the propertys ground floor featuring an open-plan kitchen and family room.

    There is also a dining room, a morning room and a split-level sitting room with French doors that open out onto an expansive terrace.

    Upstairs, the bedrooms are generously sized, including a principal bedroom that comes with a dressing room and en suite shower room.

    Located to the rear of Stepping House is Stepping Lodge, a minimalists dream.This four-bedroom propertys contemporary aesthetic comes courtesy of tiled and stone floors, bi-fold doors and a cantilevered staircase.

    The kitchen features Corian work surfaces and high-spec integrated appliances, while a plush home cinema room with raised seating and a surround sound system is a nod to cozy indulgence.

    All bedrooms come with their own en suite bath or shower rooms, while the principal bedroom features its own roof terrace.

    Outside, a two-storey detached garage building also houses a home gym.

    For more information, see http://www.savills.co.uk

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    This 2.3m Bolton site - has 2 homes one with its own cinema - The Bolton News

    Investment exec spends $6M on waterfront Wellington home – The Real Deal - February 9, 2021 by Mr HomeBuilder

    Patrick Galley & Cindy Galley and 12549 Cypress Island Way in Wellington (Photo via Redfin)

    An executive at a Chicago investment management firm bought a waterfront spec home in Wellington for $6.2 million.

    Records show Patrick W. Galley and Cindy F. Galley bought the newly built house at 12549 Cypress Island Way. The seller is Estate Homes By Stock LLC, a Florida Corporation tied to Naples-based Stock Development led by John Ferry, CFO.

    Patrick Galley is CEO and CIO of RiverNorth Capital Management, an investment management firm based in Chicago.

    Estate Homes By Stock LLC bought the land in 2018 for $1.2 million and began constructing the existing house that same year. Property records show the house was completed in 2020.

    The home was listed in August 2019, before completion, for $7 million. The most recent asking price was $6.5 million in November. Carol Sollak with Engel & Volkers brokered the sale.

    The 6,246-square-foot-house has four bedrooms, four full bathrooms and two half-bathrooms. The home has access to a lake in the back yard and also features two two-car garages and a pool.

    Wellington is best known for its equestrian roots, with many properties outfitted with barns and practice arenas. While this house does not include any accoutrements for horses, Cindy Galley and the couples daughter are avid equestrians, according to the Barrington, Illinois magazine Country.

    In December, Wellington equestrian estates sold to a family member of the founder of Cumberland Farms for $8.2 million, and to the president of a Brazilian software company for $12.9 million.

    Contact Jordan Pandy

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    Investment exec spends $6M on waterfront Wellington home - The Real Deal

    Biochemical Clues Reveal How Some Corals Resist Bleaching From Climate Change That Is Killing Coral Reefs – SciTechDaily - February 9, 2021 by Mr HomeBuilder

    A comparison of resistant (left) and bleached (right) corals. Credit: Courtesy of Ty Roach (HIMB)

    Climate change is bleaching and killing corals, but researchers from Michigan State and the University of Hawaii are investigating how some can stand up to a warming world.

    Coral reefs are beautiful and diverse ecosystems that power the economies of many coastal communities. Theyre also facing threats that are driving their decline, including the planets warming waters.

    This threat hit extreme levels in 2015, when high temperatures were turning corals white around the globe. Kaneohe Bay in Hawaii was hit hard; nearly half of its corals bleached.

    Hidden in the aftermath of this extreme event, however, were biochemical clues as to why some corals bleached while others were resistant, information that could help reefs better weather warming waters in the future. These clues have now been uncovered by researchers at Michigan State University and the University of Hawaii at Manoa.

    It was kind of horrifying, said coral biologist Crawford Drury, who witnessed 2015s bleaching event from Florida before joining UH Manoas Hawaii Institute for Marine Biology, or HIMB. Its disheartening to watch, but I try to think of it as an opportunity.

    How this disturbing event became an opportunity is now clear thanks to a February 8, 2021, report in Nature Ecology & Evolution that showcases HIMBs stewardship and MSUs biochemical expertise.

    Coral samples were analyzed by mass spectrometry to investigate biochemical differences. Credit: Courtesy of Ty Roach (HIMB)

    The researchers discovered chemical signatures in the corals biology, or biomarkers, that are present in organisms that were most resistant to the bleaching. This previously hidden insight could help researchers and conservationists better restore and protect reefs around the world.

    Usually, we think of biomarkers as signatures of disease, but this could be a signature of health, said MSUs Robert Quinn, an assistant professor in the Department of Biochemistry and Molecular Biology. This could help us restore reefs with the most resistant stock.

    Corals are symbiotic communities where coral animal cells build homes for algae that provide them energy and create their colors. When corals bleach, however, the algae are lost and leave behind skeletons that are susceptible to disease and death.

    This symbiosis also plays a role in a corals resistance and resilience to bleaching, which HIMB was in a unique position to investigate literally. The institute sits right next to the reef, enabling experiments in real time.

    The reef is about 100 feet away, Drury said. I could be there in 30 seconds.

    During the 2015 bleaching event, researchers in the Gates Coral Lab at HIMB had tagged individual corals to keep tabs on them. Because most of the corals recovered, the team could follow them over time.

    We think about it as a biological library, said Drury, the principal investigator with the Gates Coral Lab. It was set up by researchers in our lab who knew it would be very valuable.

    A view of coral reefs near Hawaiis shores, where bleaching was prevalent in 2015. Credit: Photo courtesy of Ty Roach (HIMB)

    Following the bleaching, the team compared and contrasted coral samples in the wild, noting how the organisms responded and recovered, making some surprising observations along the way. For example, neighboring corals could behave completely differently in response to high temperatures. One coral could bleach completely while its neighbor maintained a healthy golden hue.

    To understand why, Drury and HIMB postdoctoral researcher Ty Roach, the lead author of the study, sent samples to Quinn at MSU. Here, Quinn and his team could thoroughly analyze the biochemicals of corals collected from this biological library using a method called metabolomics.

    Im known more for my medical work, said Quinn, who studies the biochemistry of health and disease in humans. But Ive always loved ocean science. My background is in marine microbiology.

    If the coral samples are the books in the library, Quinns lab used sophisticated equipment to reveal the biochemical language within. In particular, his team used tools known as mass spectrometers to understand what set resistant corals apart from susceptible ones.

    The corals are completely different in their chemistry, but you cant tell until you run the mass spec, Quinn said. These mass specs are some of the most advanced technology on the planet.

    Quinns team found that corals that were resistant to bleaching and those that were susceptible hosted two different communities of algae. The distinguishing feature between these algal populations was found in their cells, in compounds known as lipids.

    The researchers metabolomic analysis detected two different lipid formulations. Bleaching-resistant corals featured algae that have what are known as saturated lipids. Susceptible corals had more unsaturated lipids.

    This is not unlike the difference between oil and margarine, the latter having more saturated fat, making it solid at room temperature, Quinn said.

    This discovery poses all sorts of new questions for researchers: How do the corals get these different algae? Is this difference unique to Hawaiian corals or can it be found elsewhere? How can researchers promote the growth and proliferation of resilient corals in a warming world?

    Mass specs are such incredible machines and reveal intricate details of the chemistry involved. The biology is really the hard part. Quinn said. Were working on new grants. There are so many avenues to explore.

    This initial project was funded by the Paul G. Allen Family Foundation.

    This collaboration has been a great opportunity to ask and answer questions, Drury said. Hopefully, were just getting started.

    In the meantime, having this chemical information is promising for coral conservation. When conservationists reseed corals to help restore reefs, they can potentially select more resilient specimens.

    We can use natural resilience to better understand, support, and manage coral reefs under climate change, Drury said.

    Conservation biology has some of the more successful stories in modern scientific history, Quinn said, pointing to the resurgence of elk in Virginia and bald eagles in Michigan. Someday, maybe we can add corals to that list.

    Reference: Metabolomic signatures of coral bleaching history by Ty N. F. Roach, Jenna Dilworth, Christian Martin H., A. Daniel Jones, Robert A. Quinn and Crawford Drury, 8 February 2021, Nature Ecology and Evolution.DOI: 10.1038/s41559-020-01388-7

    Funding: Paul G. Allen Family Foundation

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    Biochemical Clues Reveal How Some Corals Resist Bleaching From Climate Change That Is Killing Coral Reefs - SciTechDaily

    $35+ Bn Automotive Trailer Market by Trailer Type, Axle Type, Vehicle Type – Global Opportunity Analysis and Industry Forecast to 2030 -… - February 9, 2021 by Mr HomeBuilder

    DUBLIN--(BUSINESS WIRE)--The "Automotive Trailer Market by Trailer Type, by Axle Type, by Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

    The Global Automotive Trailer Market was valued at USD 24.72 billion in 2019 and is estimated to garner USD 35.10 billion by 2030 at a CAGR of 3.2% during the forecast period, from 2020 to 2030.

    Automotive trailers are unpowered vehicles towed by powered vehicles attached through a hitch. These trailers hold wide applications in the transportation of goods & commodities inside a country or internationally. They are also used for recreational purposes such as to carry luggages, fishing boats, or used as mobile homes with limited facilities.

    Market Dynamics and Trends

    The growth of the automotive trailer market is attributed to the rapid growth in the transportation and logistics industry, advancements in infrastructure, increase in re-creational activities, and traction in the global trade. Moreover, automotive trailers offer benefits such as low fuel consumptions and emissions of GHG gases, large cargo carrying capacity, and eco-friendly modulations further boosting the market growth.

    However, low re-sale value of these trailers and high maintenance costs of suspensions are hampering the market growth. On the other hand, increase in per-capita income and advancements in product technologies are creating lucrative opportunities for the automotive trailer market.

    Market Segmentations and Scope of the Study:

    The global automotive trailer market is segmented on the basis of trailer type, axle type, vehicle type, and geography. On the basis of trailer type, the market is segmented into dry van & box, refrigerator, chemical & liquid, tipper, flatbed, and others. In terms of axle type, the market is segregated into single axle, tandem axle, and three or more than three axles. Based on vehicle type, the market is divided into two-wheeler & bike, passenger car, and commercial vehicle. On the basis of geography, the market is classified as North America, Europe, Asia-Pacific, and Rest of World (RoW).

    Geographical Analysis

    North America is expected to account for a major share of the market and this trend is estimated to continue during the forecast period due to factors such as presence of key market players, increase in global trade, technological advancements, and increase in R&D activities for improving product technology.

    The market in Asia Pacific is expected to grow during the forecast period owing to the low cost of trailers, rapid industrialization, increase in recreational activities, and rise in disposable income.

    Competitive Landscape

    Key players in the automotive trailer market are China International Marine Containers Co., Ltd, Dennison Trailers Ltd., Schmitz Cargobull Aktiengesellschaft, Humbaur GmbH, Wabash National Corporation, Bockmann Fahrzeugwerke GmbH, Great Dane, Ifor Williams Trailers Ltd., Utility Trailer Manufacturing Company, and Hyundai Motor Group among others.

    In November 2019, Schmitz Cargobull introduced its high-volume rigid trucks with drawbar trailers and popular power curtain tarpaulin. The MEGA versions of the M.CS rigid truck curtainsider and Z.CS central axle curtainsider drawbar trailer offer up to 500 kilograms extra payload; and optional lath-free POWER CURTAIN tarpaulin. The high-volume rigid truck and drawbar trailer combination offers space for up to 38 Euro pallets.

    In December 2019, Dennison Trailers signed a deal to supply Dyce Carriers with 20 new oil spec platform skeletal trailers for its fleet. The deal aims at providing high-quality haulage for the clients and a commitment to first-rate services.

    Key Topics Covered:

    1. Introduction

    1.1. Report Description

    1.2. Research Methodology

    2. Market Snapshot, 2019-2030 Million Usd

    2.1. Market Snapshot

    3. Porter's Five Force Model Analysis

    4. Market Dynamics

    4.1. Growth Drivers

    4.2. Challenges

    4.3. Opportunities

    5. Global Automotive Trailer Market, by Trailer Type

    5.1. Overview

    5.2. Dry Van & Box

    5.3. Refrigerator

    5.4. Chemical & Liquid

    5.5. Tipper

    5.6. Flatbed

    6. Global Automotive Trailer Market, by Axle Type

    6.1. Overview

    6.2. Single Axle

    6.3. Tandem Axle

    6.4. Three or More Than Three Axle

    7. Global Automotive Trailer Market, by Vehicle Type

    7.1. Overview

    7.2. Two-Wheeler & Bike

    7.3. Passenger Car

    7.4. Commercial Vehicle

    8. Global Automotive Trailer Market, by Region

    8.1. Overview

    9. Company Profiles

    For more information about this report visit https://www.researchandmarkets.com/r/u6bp89

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    $35+ Bn Automotive Trailer Market by Trailer Type, Axle Type, Vehicle Type - Global Opportunity Analysis and Industry Forecast to 2030 -...

    Global Automotive Trailer Market Report 2020: Market was Valued at $24.72 Billion in 2019 and is Estimated to Garner $35.10 Billion by 2030 -… - February 9, 2021 by Mr HomeBuilder

    DUBLIN, Feb. 5, 2021 /PRNewswire/ -- The "Automotive Trailer Market by Trailer Type, by Axle Type, by Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

    The Global Automotive Trailer Market was valued at USD 24.72 billion in 2019 and is estimated to garner USD 35.10 billion by 2030 at a CAGR of 3.2% during the forecast period, from 2020 to 2030.

    Automotive trailers are unpowered vehicles towed by powered vehicles attached through a hitch. These trailers hold wide applications in the transportation of goods & commodities inside a country or internationally. They are also used for recreational purposes such as to carry luggages, fishing boats, or used as mobile homes with limited facilities.

    Market Dynamics and Trends

    The growth of the automotive trailer market is attributed to the rapid growth in the transportation and logistics industry, advancements in infrastructure, increase in re-creational activities, and traction in the global trade. Moreover, automotive trailers offer benefits such as low fuel consumptions and emissions of GHG gases, large cargo carrying capacity, and eco-friendly modulations further boosting the market growth.

    However, low re-sale value of these trailers and high maintenance costs of suspensions are hampering the market growth. On the other hand, increase in per-capita income and advancements in product technologies are creating lucrative opportunities for the automotive trailer market.

    Market Segmentations and Scope of the Study:

    The global automotive trailer market is segmented on the basis of trailer type, axle type, vehicle type, and geography. On the basis of trailer type, the market is segmented into dry van & box, refrigerator, chemical & liquid, tipper, flatbed, and others. In terms of axle type, the market is segregated into single axle, tandem axle, and three or more than three axles. Based on vehicle type, the market is divided into two-wheeler & bike, passenger car, and commercial vehicle. On the basis of geography, the market is classified as North America, Europe, Asia-Pacific, and Rest of World (RoW).

    Geographical Analysis

    North America is expected to account for a major share of the market and this trend is estimated to continue during the forecast period due to factors such as presence of key market players, increase in global trade, technological advancements, and increase in R&D activities for improving product technology.

    The market in Asia Pacific is expected to grow during the forecast period owing to the low cost of trailers, rapid industrialization, increase in recreational activities, and rise in disposable income.

    Competitive Landscape

    Key players in the automotive trailer market are China International Marine Containers Co., Ltd, Dennison Trailers Ltd., Schmitz Cargobull Aktiengesellschaft, Humbaur GmbH, Wabash National Corporation, Bockmann Fahrzeugwerke GmbH, Great Dane, Ifor Williams Trailers Ltd., Utility Trailer Manufacturing Company, and Hyundai Motor Group among others.

    In November 2019, Schmitz Cargobull introduced its high-volume rigid trucks with drawbar trailers and popular power curtain tarpaulin. The MEGA versions of the M.CS rigid truck curtainsider and Z.CS central axle curtainsider drawbar trailer offer up to 500 kilograms extra payload; and optional lath-free POWER CURTAIN tarpaulin. The high-volume rigid truck and drawbar trailer combination offers space for up to 38 Euro pallets.

    In December 2019, Dennison Trailers signed a deal to supply Dyce Carriers with 20 new oil spec platform skeletal trailers for its fleet. The deal aims at providing high-quality haulage for the clients and a commitment to first-rate services.

    Key Topics Covered:

    1. Introduction1.1. Report Description1.2. Research Methodology

    2. Market Snapshot, 2019-2030 Million Usd2.1. Market Snapshot

    3. Porter's Five Force Model Analysis

    4. Market Dynamics4.1. Growth Drivers4.2. Challenges4.3. Opportunities

    5. Global Automotive Trailer Market, by Trailer Type5.1. Overview5.2. Dry Van & Box5.3. Refrigerator5.4. Chemical & Liquid5.5. Tipper5.6. Flatbed

    6. Global Automotive Trailer Market, by Axle Type6.1. Overview6.2. Single Axle6.3. Tandem Axle6.4. Three or More Than Three Axle

    7. Global Automotive Trailer Market, by Vehicle Type7.1. Overview7.2. Two-Wheeler & Bike7.3. Passenger Car7.4. Commercial Vehicle

    8. Global Automotive Trailer Market, by Region8.1. Overview

    9. Company Profiles

    For more information about this report visit https://www.researchandmarkets.com/r/vro34g

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    Media Contact:

    Research and Markets Laura Wood, Senior Manager [emailprotected]

    For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

    U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

    SOURCE Research and Markets

    http://www.researchandmarkets.com

    Originally posted here:
    Global Automotive Trailer Market Report 2020: Market was Valued at $24.72 Billion in 2019 and is Estimated to Garner $35.10 Billion by 2030 -...

    Opinion | Jan. 9: Spec readers weigh in on Washington riots, forget Phillips go after Trudeau and other letters to the editor – TheSpec.com - January 9, 2021 by Mr HomeBuilder

    U.S. like a banana republic

    There is an axiom: What you know you have the opportunity to manage. Its what you dont know that bites you in the ass. Seems like security in DC didnt know what was going on around them, or if they did know, they sure blew it completely. The U.S.A. calls itself a republic. OK so where do I get my bananas?

    Emil Andew Sekerak, Hamilton

    Someone needs to get those launch codes

    As I watched the riots in Washington, caused by an apparently mentally unstable President Trump, I became very concerned. The capitol was the centre of violent activity needing leadership, yet the president was nowhere to be found, and was apparently sending offensive or provocative Tweets such that Twitter froze his account. At that point I became acutely aware of my worst fears, and hoped that someone would confiscate Trumps nuclear launch codes. I wondered if Russia is on Level 3 alert, and slept with my clothes on.

    Edward A. Collis, Burlington

    Where are the Trump fans now?

    It wasnt long ago that there were ample letters here from people who obviously admire Donald Trump. Didnt our own premier at one point say he was a role model? Where are all the Trumpists now?

    Angela Walters, Burlington

    Rats and sinking ships

    We all watched in horror and disgust the chaos which took place at the U.S. Capitol this week. Were any of us surprised at what transpired given the divisive and baseless rhetoric coming from Donald Trump since he lost the election?

    Quite apart from the surreal pictures and videos, it was fascinating to watch the parade of politicians, pundits, news and social media that rode the Trump gravy train for the past five years, suddenly realize that the trains engineer was leading them to a canyon with no bridge to success. They have been falling over each other to get off that train. Senators and members of Congress who proudly enabled the presidents behaviour over the years suddenly decided to change their positions on certifying the election results. Twitter cut off his social media account. Facebook took down his inflammatory videos. All of these people enjoyed enormous electoral success or made millions (if not billions) of dollars off of the Trump train.

    Alas, that train is coming to the end of the line. And no one wants to admit that they had a ticket for the ride.

    Ralph DAngelo, Hamilton

    Karma bites the U.S.

    U.S.A. capitalism, genocide, slavery, war mongering till this day. Cause and effect and the justice karma.

    Michael McCrory, Hamilton

    We should all learn from Washington

    The events in Washington are a very sad reflection of many world governments simply ignoring their own people. When racism, white supremacy, poverty, unemployment, distrust of politicians and lack of affordable health care go largely unchecked, the results are predictable. Extremist groups see this inaction by governments as a great time for the recruiting of angry people. It is worth noting, this is how Hitler and Mussolini came to power in the 1930s with disastrous results for humanity. The Biden administration will have a difficult task of beginning to repair a deeply divided nation and ending a Pandemic that is taking thousands of American lives daily. All Americans need to see this as a wake up call and strive To Make America into a Great Society for all of its citizens. All governments of the world should look closely to what happened in Washington, D.C. For if people have no hope, cannot find work, see those in public office ignoring health guidelines, are subject to racism or cannot find affordable health care the results are predictable the beginning of the breakdown of an orderly society.

    Mike LoSchiavo, Stoney Creek

    Fords priorities out of whack

    As Premier Ford insisted on rapid testing at Toronto international airport for free, our seniors in LTC and retirement homes along with all the valued staff are left out in the cold. Articles have stated that the local health units have the say when the residents and staff are tested. Maybe each week or every other week? With the ongoing rate of infection all staff and residents should have a rapid test every week, also all employees should be tested on their first day back to work after days off. All relatives must be tested each week upon any visits. Any visitor who refuses to wear a mask in front of any staff helping their relative should be barred entry for one week.

    Why is Doug Ford so concerned with visiting travellers when our seniors are not being looked after? Doug Ford and his Minister of Long-Term Health have had enough time to study what is wrong with the LTC. Strict rules must be enforced now to save our seniors and disabled. Premier Ford has the power but again big business and friends who run them are more important. Time for all of us to tell him our seniors and disabled are very important to us. Next election remember the bleeding heart, but no action to solve anything.

    Sheila Cherriere, Hamilton

    Olympics are a misplaced priority

    Dick Pound feels that to ensure the success of the 2020 (2021) Olympics, all Olympic athletes should receive priority vaccination.

    Mr. Pound, your privilege, is showing.

    Forget Phillips, blame Trudeau

    Phillips sense of entitlement (Jan. 6)

    This was a well written and acceptable letter. Maybe the letter writer could write another letter Trudeaus sense of entitlement. Lets level the playing field and mention all the misdemeanours by our elected politicians not likely considering its our Honourable Justin Trudeau.

    Here is the original post:
    Opinion | Jan. 9: Spec readers weigh in on Washington riots, forget Phillips go after Trudeau and other letters to the editor - TheSpec.com

    Residential Development Expected to Keep Booming – Flathead Beacon - January 9, 2021 by Mr HomeBuilder

    Kalispell

    In 2019, Kalispells planning and building department had a strong year for residential and multi-family permits, establishing what seemed like a relatively high bar at the time.

    Then came 2020.

    We pretty much doubled multi-family and residential this year, Kalispell Development Services Department Director Jarod Nygren said on Dec. 31. Unless things change, well stay on pace with this year into the next year. COVID didnt affect growth in the valley. It actually sped it up.

    In the past year, the department issued building permits for residential 312 units, which includes single-family homes, duplexes and townhomes. The department also issued permits for 156 multi-family units, which are apartments. The 2019 totals were 160 residential and 84 multi-family.

    I suspect in 2021 well see more than 156 (multi-family units), Nygren said.

    The activity was more than the department was anticipating, in part driven by newcomers. But a lot of the new permits were simply projects that have been planned for years and are now coming to fruition, an accumulating response to the issues of low housing supply and high demand that have been prevalent in Kalispell for years.

    Growth is part of it, but its also pent-up demand we had 0% vacancy before 2020, Nygren said. The reality is that we could have built a lot more housing units just to keep up with the demand without all the new people moving here.

    Since at least 2018, the planning department has known that about 1,000 new multi-family units altogether would be coming over a period of years. The 2020 trend of more units reaching the permitting phase is expected to continue in 2021, which means a lot of construction occurring on new apartments throughout the city, especially along Two Mile Drive and in north Kalispell.

    We planned for it all and knew it was coming in 18, 19, but it really came this year, Nygren said.

    Using planners baseline average of 2.5 people per unit, the combined 468 single-family and multi-family units permitted last year equates to housing for roughly 1,200 people. More available housing can help alleviate growing rent costs.

    It certainly helps the supply, which helps keep the rental market in control, Nygren said. When youre hovering around 0% vacancy, the rental rates can continue to go up. Building new units also allows people to move around and opens up other units that might be older and maybe can be more affordable.

    Commercial was also a little stronger in 2020 than the planning department expected, led mostly by office space and some retail. The areas behind Costco, on both the east and west sides of the bypass, continue to build out with professional office spaces and, to a lesser extent, retail.

    Residential and commercial combined, Kalispells building department in 2020 issued $125.7 million in permits, which are indicators of forthcoming construction.

    Once theyre permitted, they break ground quickly, Nygren said.

    The long-awaited Kalispell Parkline Trail is going to bid this winter and will not only finally break ground in late spring or early summer, but will be completed in calendar year 2021, Nygren said, calling it straightforward single-season construction.

    Weve been talking about it long enough that people are wondering if it will ever happen, but it will be finished by this time next year, Nygren said in late December.

    The trail will replace the railroad tracks through the heart of town and open up development opportunities along the corridor, with ample interest already pouring in. Nygren said considerable demolition and work through the federal Brownsfields program, which facilitates the assessment, cleanup and reuse of contaminated properties, was completed over the last year.

    Those sites are now open for redevelopment, Nygren said. Hopefully well see those take off this next year. There are a lot of developers with a lot of different ideas.

    Before even breaking ground, the project has attracted development, including SunRift Beer Company setting up in its location off Main Street specifically to be situated along the trail. Other projects include the transformation of the former CHS Country Store on U.S. Highway 2 into office spaces and the expansion of 4th & Zuri.

    Trail features such as a splash pad will be driven by private grassroots efforts, similar to the citys dog park and the bouldering feature at Lawrence Park.

    Whitefish

    Up the highway, Whitefish experienced a similarly busy year in residential permits and expects yet another robust construction year in 2021, led by both multi-family and single-family units.

    It was just a banner year for housing, and I definitely dont see things slowing down from a building perspective, Whitefish Planning and Building Director Dave Taylor said. Theres a ton of people moving in and building.

    Unlike Kalispell, Whitefish has a limited supply of large land tracts for major subdivisions, not to mention high-priced land, so single-family residence activity is predominantly driven by individual property owners building their own custom homes rather than developers constructing spec houses on multi-lot layouts.

    Most of it is infill projects, which is what our growth policy called for, Taylor said.

    Whitefish permitted 91 single-family residences in 2020, which Taylor called a healthy number, even if its slightly less than 2019, when 95 permits were issued. But combining that figure with other forms of housing, such as townhomes, duplexes and apartments, the total number of permitted dwelling units last year was 296.

    Thats the most dwelling units weve seen in a decade, Taylor said.

    One single-family residence development bucking the trend is Trailview, where developers are building a community of 58 homes along Monegan and Voerman roads aimed at providing more affordable but high-quality workforce housing.

    In lieu of widespread single-family subdivisions, developers are staying busy with apartment, townhome and multi-use projects, including downtown mixed-use buildings with ground-level retail and upstairs condos. One development that continues to move forward at a sustained pace is the Alta Views townhome community near North Valley Hospital, for which 32 building permits were issued in December alone.

    Columbia Falls

    The city has been experiencing a transformation in recent years, both commercially and residentially, a trend that held up in 2020 and is expected to continue in 2021.

    It was such a busy year, Columbia Falls City Manager Susan Nicosia said. During COVID, building and planning never slowed down. If anything, it accelerated.

    Nicosia said only about 100 empty lots remain within city limits, predominantly residential.

    Weve definitely been filling out in the city, Nicosia said.

    While the changes in Columbia Falls have elevated property values and prices for homebuyers, a rapidly growing inventory of apartments has aimed to provide lower-cost workforce housing, led by The Highline Apartments, an expansive multi-family project on Bills Lane that has completed 180 units to date.

    Highline is always full, Nicosia said, adding that multi-family in general has been filling out pretty nicely.

    It definitely helps the housing market, she said.

    Similar to Whitefish, Columbia Falls is welcoming more mixed-use projects into its downtown corridor. One in the works is a multi-phase project developed by Mick Ruis on Nucleus Avenue and Fifth Street. The first phase, currently underway, involves demolishing a building on the north end of the property to make room for a new three-story structure with retail on the ground floor and 48 residential units.

    The second phase of Ruis project will involve the old Citizens Bank structure, which will either be remodeled or torn down.

    Both residential and commercial remodels have been active as well, Nicosia said, while construction is plowing forward on the suite of school projects funded by a $37 million bond package approved by voters in October 2019.

    While retail is coming in on the commercial side, office spaces have been particularly active. For one, Glacier Medical Associates (GMA) and Orthopedic Rehab Physical Therapy spearheaded a makeover of the Cedar Palace, where a multi-tenant medical campus opened in November.

    Another healthcare addition is North Valley Hospitals new physical therapy building.

    Thats a really nice addition to the downtown corridor, Nicosia said.

    Beyond City Limits

    The Flathead County Planning and Zoning Office saw elevated activity on multiple fronts last year for projects in county territory.

    Pretty much everything is on the upswing, Landon Stevens, a planning technician with the planning and zoning office, said.

    The office received 23 requests for major subdivisions in 2020, up from 14 in 2019, which Stevens called quite an increase. Major subdivisions are those with six lots or more.

    The county planning office was also busy with lakefront requests for features such as docks, walkways and buoys. The jump from 81 lakefront requests in 2019 to 107 last year represents a 32% increase.

    That speaks to the increase in activity of newer lakefront owners and overall increase in lakeshore activity, Stevens said, adding that there are about a dozen or so primary residential lakes under county purview. I would say that because of the influx of people here, a lot of the folks are seasonal or new owners.

    The county saw continued high interest in administrative conditional-use permits to operate vacation rentals, commonly marketed on websites such as Airbnb and VRBO. Forty vacation-rental applications came through in 2020, down from 53 in 2019, and those are only properties outside of city limits. Vacation rentals inside the boundaries of local communities have boomed in recent years as well, especially during the pandemic.

    People come here and want to live here and potentially profit off their property with the amount of tourists and visitors, Stevens said. Thats been a big theme weve been seeing in the office.

    mreece@flatheadbeacon.com

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    Residential Development Expected to Keep Booming - Flathead Beacon

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