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    Beware Lazy Diversification In Preferreds – Seeking Alpha

    - April 11, 2020 by Mr HomeBuilder

    The latest market drawdown has hit the preferreds market like a ton of bricks. Lower short-term rates have hammered fixed-to-float securities, while cyclical sectors like banks and REITs, which are heavily represented in the population, took a heavy brunt of an oncoming recession. Investors who thought they held relatively diversified portfolios may have been surprised by sharp and broad-based losses. In this article, we take a look at a number of portfolio dimensions that investors may be overlooking when constructing their preferreds portfolios.

    Our takeaway is that investors should look beyond merely increasing the number of securities in the portfolio, allocating to higher-quality stocks or picking across a number of different sectors. Other dimensions worthy of consideration are intra-sector, coupon type and duration diversification, as well as institutional vs. retail market exposure.

    What do investors typically do in order to diversify their portfolios? The traditional approaches are selecting a sufficiently high number of securities, allocating across different sectors, and selecting higher-quality securities for at least a part of the portfolio.

    We call these insufficient diversification approaches - pseudo or lazy-diversification. This is because they can give investors false comfort while setting them up for nasty surprises ahead. Let's go through them in order.

    Some investors will often aim to diversify their portfolio holdings by increasing the number of securities they hold. The suggestion that appropriate diversification can be achieved by increasing the number of holdings has come from both the media and academia. Jim Cramer, on his Mad Money program, used to air a segment called "Am I Diversified?" where users called in with Jim's view of a 5-stock portfolio. Somewhat more seriously, in their 1970 paper, Lawrence Fisher and James H. Lorie found that a random portfolio of 32 stocks reduced the return volatility of the portfolio by 95%. This approach, while interesting, is not the same as diversification, however, and most investors are clearly well aware of this fact.

    This is why investors also try to allocate across different sectors. However, apart from the CEF and utilities sectors which dropped by "just" 20%, all other sectors experienced very heavy drawdowns.

    Source: Systematic Income Preferreds Tool

    Tilting entire towards investment-grade securities is no guarantee of success either. The chart below plots total returns over the past month of investment-grade securities where drawdowns have ranged from low single-digits to over 60%.

    Source: Systematic Income Preferreds Tool

    In the sections below, we discuss additional dimensions of preferred securities that investors should consider in constructing their portfolios.

    As we suggest above, allocating to securities from different sectors may not do the job, since a given sector can contain securities with very different characteristics. To take the mREIT sector as an example, the recent drawdowns within the sector have ranged between 40% and 95%. While 40% is a terrible result, it is surely miles better than 95%. In the case of this particular sector, the key differentiator lies in the underlying portfolio holdings of each company with companies focused on agencies performing better.

    Source: Systematic Income Preferreds Tool

    By definition, the individual institutional preferreds market is largely inaccessible to retail investors who are mostly limited to the $25-par market with a few exceptions. This doesn't mean that retail investors cannot hold institutional securities, however, with many preferreds funds allocating to the institutional space.

    In the chart below, we plot the total returns over the last two months of the two markets. We proxy the two markets using two funds: the iShares Preferred and Income Securities ETF (NASDAQ:PFF) for the retail market and the First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) for the institutional market. This is not a perfect comparison, given the credit quality, regional, and industry differences, but the results are still telling. Initially, the two populations tracked each other relatively well, but then began to diverge sharply, with the retail population showing significantly more volatility. We suspect the lower liquidity of the retail space revealed more liquidity gaps in the trading and pushed the retail market nearly 10% below the institutional one at the lows. Although, in the end, the two sectors have again converged, the sharper drawdowns in the retail sector may have made it more difficult for investors to hang on to their holdings during the drawdown.

    Source: ADS Analytics LLC, Tiingo

    In the chart below, we plot the total returns of retail preferreds by dividend type: floating-rate, fixed-to-floating, and fixed. We exclude non-investment grade securities to control for credit quality. The chart shows that fixed-rate preferreds have held up the best, with fixed-to-floating suffering drawdowns similar to floating-rate securities but rallying harder since then.

    Source: Systematic Income Preferreds Tool

    This relationship makes sense for two reasons. First, fixed-rate preferreds have a higher duration, which is an asset in an environment of decreasing interest rates. And secondly, lower short-term rates due to sharp Fed cuts have lowered the distributions of floating-rate securities as well as reset yields of fixed-to-float securities in relation to fixed-rate preferreds. A steepening yield curve means that the prices of floating-rate and fixed-to-floating securities had to drop further in order for their stripped and reset yields to catch up to fixed-rate yields.

    If we look at total returns of investment-grade fixed-rate securities by the amount of call protection, we see an interesting dynamic. Securities with the shortest amount of call protection have fallen the least, and vice-versa. This makes sense intuitively since the time to first call acts as a kind of conditional duration and securities with the least time to first call should have the lowest duration. And because the moves in credit spreads were much higher than moves in risk-free yields, the securities with the lowest duration were least impacted.

    Source: Systematic Income Preferreds Tool

    This only works up to a point, however, since the closer the company is to default, the more the prices of its pari passu securities will move towards the same price. You can see this dynamic in the corporate bond space when the yield curve will typically flatten and then invert at credit spreads of around 500-1000bps. This is because, when prices of bonds with different maturities move towards the same price i.e. recovery, the yields of shorter-term bonds will increase more sharply than the yields of longer-term bonds.

    Let's take a look at a few fixed-rate preferreds issued by Bank of America (NYSE:BAC) to see if this dynamic is evident in preferreds as well. The Bank of America, 6.2% Series C (BAC.PA) has the least call protection with a call date in January 2021, and the Bank of America 5.0% Series LL (BAC.PN) has the greatest amount of call protection with a first call date in September 2024. As we would expect, the BAC.PA has moved much less than BAC.PN.

    Source: Systematic Income Preferreds Tool

    Let's see what happened in yield terms. The yields of the six stocks compressed through the drawdown and inverted during the worst episode and then normalized again. This jives well with the experience of the corporate bond market but also suggests that investors may be more willing to take a lower yield if they can lock in that yield for a longer period of time.

    Source: Systematic Income Preferreds Tool

    When constructing portfolios of preferred stocks, investors should look beyond the issuer count and sector representation. Taking into account such security dimensions as intra-sector quality, coupon-type and duration diversification, as well as institutional vs. retail representation should lead to more resilient portfolios that could potentially withstand a greater number of challenging market conditions.

    Check out Systematic Income and explore the best of the fund, preferred stock and baby bond markets with our powerful interactive investor tools.

    Identify the most attractive CEFs and track the entire market with our fund ratings and evidence-based bespoke metrics. Get investment ideas from our quantitative yield-target portfolios and systematic strategies.

    Pick up the best preferred stocks and baby bonds that fit your criteria.

    Check us out on a no-risk basis - sign up for a 2-week free trial!

    Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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    Beware Lazy Diversification In Preferreds - Seeking Alpha

    Infill on the way at Frog Pond West despite COVID-19 – Pamplin Media Group

    - April 11, 2020 by Mr HomeBuilder

    Frog Pond West construction could be slowed, however, as developers adhere to social distancing

    Though Gov. Kate Brown's recent executive orders to reduce the spread of COVID-19 have restricted schools, restaurants, retail facilities, the entertainment industry and other sectors, they did not specifically limit the construction industry.

    This means that construction in Wilsonville's new Frog Pond West residential neighborhood, which is north of Boeckman Road and west of Advance Road, is continuing largely unimpeded. Currently, a 36-lot development (Morgan Farm) and a 44-lot development (Stafford Meadows) are under construction, while two more developments that will total at least 114 lots are on the horizon.

    Ezra Hammer, the vice president of policy and government affairs for the Home Builders Association of Metro Portland, explained why he thinks keeping development going is important.

    For one, he said construction activity can take place under social distancing requirements because work is done largely outdoors and in spacious environments. Stephanie Hosmar, marketing and sales manager for Stafford Meadows builder West Hills Homes NW, said the company is implementing social distancing and sanitation measures and the fact that there are only a few homes currently under construction makes it easier to abide by guidelines.

    "There's naturally not many people on site at a time," Hosmar said.

    However, she has heard of construction projects in more dense areas pausing due to the challenges of maintaining personal space.

    Another benefit of keeping construction going, Hammer said, is the potential need for medical services and emergency housing infrastructure.

    "Emergency homeless shelters, emergency triage spaces for patients and hospitals are going to be absolutely critical," Hammer said. "There's going to be physical structures done to build the spaces to defeat COVID-19."

    Hammer, though, expected development activity to slow regionally with fewer workers on site and fewer available. He also surmised that a potential slowdown of the governmental approval processes caused by the cancellation or postponement of meetings and municipal staff shortages could stall construction.

    City of Wilsonville Community Development Director Chris Neamtzu and Building Official Dan Carlson did not expect that to happen in Wilsonville.

    Neamtzu said the City's Development Review Boards, which approve development applications, likely will continue to hold meetings remotely and Carson said the building department is continuing inspections at the same rate as it previously had. The city also is offering virtual inspections for sites city officials already have examined in person.

    "It's not going to slow us down any. We have staffing capacity and have backup plans in place. Staff can work remotely if necessary and are able to conduct field inspection with iPads and using technology," Carlson said.

    Carlson also said inspection loads have continued at a steady rate since coronavirus concerns and restrictions proliferated.

    "Our goal is to keep development happening, to keep construction sites working and to not get in the way of that but to facilitate it," he said.

    Like Hammer, Hosmar expected the pace of development to slow a bit, partially due to construction contractors being shorthanded.

    "Part of that is we've seen a slight slowdown some shorthanded subcontractors pushing out work a couple weeks," she said.

    Hosmar said just over 10 homes have been sold in Stafford Meadows, four are under construction, three are finished and still on the market, and construction of the remaining homes hasn't begun.

    She said West Hills NW is still selling homes and that virtual tours make it easier for customers to move forward with the purchasing process without stepping foot in a home. However, she has heard some potential buyers express hesitation due to the plummeting stock market and said that required walk-throughs at the end of the process can be tricky due to social distancing.

    "Things have stayed pretty stable. There's a lot of fear out there, but we want to maintain any sense of normalcy we can, and we know people still need homes and want homes," Hosmar said. "Everyone is experiencing economic impact one way or another."

    Hammer said disruptions to the supply chain caused by trade restrictions also could hinder development efforts.

    "A great deal of construction material comes from overseas and comes from countries that have been hit by COVID-19," he said.

    Overall, though production of homes and buildings is continuing, Hammer expected the coronavirus and a related economic downturn to hit the development industry hard.

    "A great number of folks in construction employ less than 50 people. Those businesses have less capacity to weather economic downturns," he said.

    "We expect there to be significant hits across the board. As the economy takes a turn for the worse, we would anticipate our industry would be impacted as well."

    You count on us to stay informed and we depend on you to fund our efforts.Quality local journalism takes time and money. Please support us to protect the future of community journalism.

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    Infill on the way at Frog Pond West despite COVID-19 - Pamplin Media Group

    NR Investments gets $14M subsidy to build workforce and affordable housing – The Real Deal

    - April 11, 2020 by Mr HomeBuilder

    Nir Shoshani, Ron Gottesmann and Terry Wellons, with a rendering of NR Investments proposed mixed-use project

    NR Investments will get $14 million in property tax rebates and grant money in exchange for providing 252 units of affordable and workforce housing in a 29-story tower in the Omni area.

    The Miami City Commission, acting as the Omni Community Redevelopment Agencys board of directors, unanimously allocated $5.5 million to the developer on Thursday, to help fund its $80 million mixed-use project at 70 Northeast 17th Street. Headed by Nir Shoshani, Ron Gottesmann, and Terry Wellons, NR Investments previously built Filling Station Lofts and Canvas Condominiums in the Omni area.

    NR Investments latest project will include 41,288 square feet of offices, 4,413 square feet of retail space, as well as the rent-restricted apartments.

    A property tax rebate equivalent to $8.5 million had been granted to NR Investments by the Omni CRA last October. The total subsidy amounts to $55,000 a unit, said Adam Old, the Omni CRAs director of policy and planning.

    In its proposal, NR Investments said that the subsidy was needed to make up for an estimated $17.8 million in rent losses.

    The apartments will be set aside for people making between 60 percent and 140 percent of Miami-Dade Countys median area income, which is currently $54,900 a year. The projects 188 studios will be rented for between $889 and $2,075 a month. The 60 one-bedroom units will have rents ranging from $953 and $2,224 a month. Four two-bedroom apartments, reserved for a household making 140 percent of Miami-Dades median household income, will rent for $2,670 a month.

    The median rent in Omni is $2,146 a month, according to Niche.com. Prior to the Covid-19 pandemic, city of Miami planners predicted that Omni rents would climb higher. The development agreement with the Omni CRA freezes the rents for NR Investments project until 2047.

    According to Florida International Universitys affordable housing master plan, commissioned by the city, Miamis median annual household income is $33,999. For renters, the median household income for the city is $28,650 a year. Due to rising rents and property values, 57 percent of Miamis households spend more than 30 percent of their income on housing.

    Most of Omni, however, falls within Miamis waterfront adjacent District 2, where the median household income for renters is $61,850 a year, according to FIUs report. Nevertheless, half of District 2s renters are cost burdened, while 26 percent are severely-cost burdened, according to FIUs report.

    In his letter to the Omni CRA, NR Investments lawyer, Javier Fernandez, stated that the project will provide needed housing inventory to critical employees within the Miami market such as hospitality service workers, teachers, police officers, firefighters, registered nurses, and recent college graduates.

    NR Investments invested $4.8 million to buy 22,625 square feet of land for the proposed mixed-use project between September 2016 and April 2019.

    The company aims to start construction in July, and complete the project in January 2023.

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    NR Investments gets $14M subsidy to build workforce and affordable housing - The Real Deal

    Improved access to Westminster Pier Park coming this summer – The Record (New Westminster)

    - April 11, 2020 by Mr HomeBuilder

    A new way of accessing Westminster Pier Park is expected to be in place this summer.

    Construction of a new overpass into Westminster Pier Park from the Front Street Parkade at Sixth Street got underway last spring. The overpass will include stairs and an accessible ramp, allowing pedestrians and cyclists to get to and from Westminster Pier Park.

    As part of its Pier West development on the west side of the park, Bosa Developments committed to building an overpass and an elevator. The city, however, preferred that a ramp be built because it wanted to increase accessibility options for those going to the park and to avoid some of the issues its had with the existing elevator access into the park at Fourth Street.

    Work related to the pedestrian overpass and ramp continues, as does the planning/design and intended construction for the new plaza and play area to be constructed beneath the ramp, said Dean Gibson, the citys director of parks and recreation. Our best scheduling assessment at this timeindicates that the overpass and ramp will be complete in late June.

    Construction of the plaza and play area around the base of the overpass is intended to start in July, with completion in the early fall of 2020.

    As you might guess, there are many factors currently impacting the construction industry at this time, so all timelines are subject to change pending local market conditions, Gibson said in an email to the Record.The city continues to prioritize the completion of this project at this time.

    Currently, visitors have two ways to access Westminster Pier Park; they can enter by an elevator at Fourth Street (at the Front Street parkade) or they can use a ground-level access on the west side of the site.

    At the April 6 council meeting, city staff voiced concerns that the current connection between Fraser River Discovery Centre and Westminster Pier Park, which goes through the Bosa construction site, is a narrow corridor that has limited sight lines, which is posing constraints for physical distancing. Because of social distancing in response to COVID-19, staff has recommended the introduction of one-way travel through this corridor during times of peak use, the provision of an alternate return route to the waterfront via Columbia and Front streets and the provision of on-site traffic control personnel to manage people going to the park.

    Once the new overpass is complete, people will be able to walk onto the parkade at Sixth Street and use the new pedestrian/cyclist overpass and ramp to get in and out of the park.

    The overpass structure, which will extend over the rail tracks, will be assembled off-site and will be delivered as a complete unit to the site, where it will be installed over the rail tracks using a mobile crane.

    During construction of the overpass, the childrens playground in Pier Park thats closest to River Market has been closed. The city will build a new playground at the same location.

    Pier West, which is now under construction at 660 Quayside Dr. will include 53- and 43-storey residential towers, a three-storey commercial building with child-care and retail space, an extension to Westminster Pier Park, a public plaza, surface and underground parking and about two acres of park.

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    Improved access to Westminster Pier Park coming this summer - The Record (New Westminster)

    5 major developments that will bring thousands of jobs to Mansfield and Ashfield – Nottinghamshire Live

    - April 11, 2020 by Mr HomeBuilder

    Despite the ongoing coronavirus pandemic bringing the country to a standstill, there is, in fact, a future ahead of us.

    And across Mansfield and Ashfield that future looks very bright - with dozens of new housing, construction and retail developments on their way to change the face of the region.

    Be it through new distribution centres, huge new retail parks, a hotel or a supermarket, the region has got a lot to look forward to in the coming years.

    Nottinghamshire Live has put together this list of the five biggest developments arriving in our area over the coming months.

    With them are the arrival of more than 3,000 jobs, new transport links and more opportunities for shoppers, workers and tourists to the area.

    The Summit Park development is by far the biggest of the five major moves on this list, bringing with it up to 1,800 jobs, transport and bus links and a huge, international retailer.

    The land at Summit Park had been set aside in 2014 to become a new state-of-the-art logistics and business park, with officials in Mansfield and Ashfield District Councils describing it as the beginning of a rise in skilled employment in the area.

    However, no progress was ever made on finding developers to move onto the land and it has remained derelict since the initial plans were announced in July 2014.

    Yet last year plans were approved for a huge distribution warehouse across a 162,781sqm facility, in what was described by council officials as "the biggest single private sector investment in the district".

    Construction is expected to finish on the site by September 2020, with the major international retailer expected to reveal itself in the coming months.

    Plans for the final phase of a massive 46 million retail and industrial scheme were approved in November 2019 - bringing more than 1,000 jobs.

    Park 38, opposite the East Midlands Designer Outlet at South Normanton, will see a new retail park created on farmland, as well as industrial units.

    The first phase of the scheme for 10 retail units and a 95-bedroom hotel was approved a few years ago, however phase two involves building a number of warehouse and distribution units, including a trade counter or gym.

    Documents submitted by Q and A Planning, on behalf Limes Developments, said: There will be substantial economic benefits arising from the proposed development comprising new jobs, gross value added to the economy, additional business rates for the council and spin-off benefits for the construction and operational supply chains.

    Construction work on the new 22,000 sq ft Lidl supermarket at its Leeming Lane development in Mansfield began in February, the developer behind the project confirmed.

    The new store is expected to open in summer, bringing dozens of new jobs to the local area.

    Property development and investment group Strawsons Property agreed a long-term lease with the retailer in 2018.

    It has since worked alongside the popular supermarket brand to secure planning approval for the site, which was granted by Mansfield District Council at the end of last year.

    Plans to convert the former Strand Cinema and bingo hall site into five retail units and office space were approved in October 2019 - bringing with it the potential for dozens of jobs.

    The Strand Retail Centre, submitted by the ARBA Group, will bring the demolition of the historic site in Church Street, Warsop, making way for new development.

    Frozen food retailer Heron Foods confirmed in May last year that it will be the first to take up one of five available retail spaces at development.

    And the ARBA Group says the plan will "generate opportunities" for the parish.

    Andrew Allen, ARBA director, said: This site has been derelict for some time, and it is clear that local people want to see something done with it that benefits the local community."

    Despite the ongoing pandemic temporarily halting its construction, work is still progressing on the new 4 million Travelodge in Mansfield town centre.

    The site, which brings with it up to 15 hotel jobs as well as in construction, will be the towns first national chain hotel and based on the old Gala Bingo hall, on the corner of Albert Street.

    It will be the firms second hotel in the area, after Travelodge Mansfield, Mansfield Road, Sutton.

    Shakila Ahmed, Travelodge spokeswoman, said: The local economy is growing at pace and, with increasing visitor numbers to the area, there is a shortage of good quality and great value accommodation to meet customer demand.

    "Therefore, there is a need for a second Travelodge in the heart of Mansfield."

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    5 major developments that will bring thousands of jobs to Mansfield and Ashfield - Nottinghamshire Live

    Opportunity for Public Opinion: The Salida work Session on Land Use Code Explores New Affordable Housing Opportunities and Parking Regulations. – by…

    - April 11, 2020 by Mr HomeBuilder

    At 6 p.m. on Monday April 6, Salida City Council, joined by the Salida planning commission, did a virtual sit down via GoToMeeting to discuss an update on the Land Use Code. The overall goal of the Land Code Use plan is to make it easier to develop what the Salida community wants. The key theme within the project is to improve user friendliness.

    City Council, coupled with the Salida Planning Commission, discussed the intricacies of the new Land Use Code (LUC).

    A wide variety of housing opportunities for affordable housing was presented. The team hopes to further explore Co-housing, live-work units, dormitory-style, and boarding house buildings, options that would lend themselves to the seasonal nature of workforce housing within Salida. These options would increase flexibility and coincide with the communitys concerns. There is no quick solution for affordable and workforce housing, however a more flexible use of the new code is the first step to improving the shortage.

    An architectural rendering shows the view of the proposed Salida Crossings condominium development as seen by west-bound traffic on U.S. Highway 50 (courtesy image).

    Parking standards were also a main point of discussion, specifically making sure standards dont prevent desirable growth. The team says that it hopes to implement parking that is sufficient without being overly restrictive. This might be achieved by looking at maximum number of parking spaces and limiting huge parking lots that would affect aesthetics and walk-ability of the community. The goal is to not create too much parking that sits empty much of the time.

    By updating the zoning districts, the LUC will streamline existing zoning and could create new districts for agriculture, parks and open space and community facilities. The changes made to the new code will allow manufactured homes within certain locations, the example given was R3 and R4 zones. A question was raised if the community would consider allowing manufactured housing in an manufactured housing park. Manufactured housing is a possible solution for affordable housing. Distinctions were also made for modular housing, making definitions and semantics important for each.

    The meeting went in depth on the LUC Assessment report, which is the second step in the project scope and timeline. The assessment report documents whats working well, what regulations need to be improved, potential solutions and options, an outline to organize the new land use code, and identifying future additional implementation issues. It is organized by six key recommendations:

    There are many ways to make the new code a clear, more user-friendly document. By improving the code, it will make it easier for the public, creating standard procedures. The overall goal is to simplify the process. By reorganizing the use regulations, it will become the standard, therefore streamlining the process, saving time for staff, developers and the Planning Commission. Expanding the household dwelling types (specifically housing with multiple units scattered throughout the community) is perceived as a key outcome.

    For next steps, the first draft of the code will be done in late April. The public draft is expected to follow in June. For more information follow the link to the Land Use Code Rewrite packet. To contact the team email:

    See the original post here:
    Opportunity for Public Opinion: The Salida work Session on Land Use Code Explores New Affordable Housing Opportunities and Parking Regulations. - by...

    Manufactured Housing Market to Eyewitness Massive Growth by 2025 | Nobility Homes, Cavco Industries, Fleetwood Homes – Curious Desk

    - April 11, 2020 by Mr HomeBuilder

    The manufactured housing is commonly known as mobile homes in the United States. It is a type of prefabricated housing that is largely assembled in factories and then transported to sites of use. The affordability of manufactured housing is owing to the efficiencies of the factory-building process. These homes are constructed with standard building materials and are built almost entirely off-site in a factory. The controlled assembly line techniques and construction environment eliminate many of the problems faced during traditional home construction including theft, weather, vandalism, damage to building products & materials, and unskilled labor.

    This intelligence report provides a comprehensive analysis of the Global Manufactured Housing Market. This includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. Its a 360-degree overview of the global markets competitive landscape. The report further predicts the size and valuation of the global market during the forecast period.

    Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/5820-global-and-north-america-manufactured-housing-market

    Major Players in this Report Include,

    Nobility Homes, Inc. (United States),Cavco Industries, Inc. (United States),Champion Home Builders Inc. (United States),Palm Harbor Homes, Inc. (United States) ,Fleetwood Homes, Inc. (United States) ,Jacobsen Manufacturing Inc. (United States),Excel Homes LLC (United States),Woodland Homes of Huntsville, Inc. (United States),Dutch Housing, Inc. (United States),BonnaVilla (United States)

    Market Trends: Rising Popularity of Energy Efficient Manufactured Housing

    Restraints: Lack of Customer Confidence over Manufactured Housing

    Availability of Affordable and Attractive Home Loans for Site-Built Homes

    Market Drivers: Technological advancements in Manufactured Housing

    Rising Popularity of House Ownership at Low Cost

    Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Global Manufactured Housing Market is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.

    This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.Furthermore, the years considered for the study are as follows:Historical year 2013-2017Base year 2018Forecast period** 2019 to 2025 [** unless otherwise stated]

    **Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.The Global Manufactured Housing segments and Market Data Break Down are illuminated below:by Type (Manufactured Homes, Modular Homes, Panelized Homes)

    Application (Residential, Commercial)

    Construction Type (Single section, Multi-section)

    .

    .

    Enquire for customization in Report @ https://www.advancemarketanalytics.com/enquiry-before-buy/5820-global-and-north-america-manufactured-housing-market Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

    Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

    Keep yourself up-to-date with latest market trends and maintain a competitive edge by sizing up with available business opportunity in Manufactured Housing Market various segments and emerging territory.

    Objectives of the Study

    Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/5820-global-and-north-america-manufactured-housing-market

    Strategic Points Covered in Table of Content of Global Manufactured Housing Market:

    Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Manufactured Housing market

    Chapter 2: Exclusive Summary the basic information of the Manufactured Housing Market.

    Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Manufactured Housing

    Chapter 4: Presenting the Manufactured Housing Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

    Chapter 5: Displaying the by Type, End User and Region 2013-2018

    Chapter 6: Evaluating the leading manufacturers of the Manufactured Housing market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

    Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

    Chapter 8 & 9: Displaying the Appendix, Methodology and Data SourceKey questions answered

    Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

    Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

    About Author:

    Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies revenues.

    Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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    Manufactured Housing Market to Eyewitness Massive Growth by 2025 | Nobility Homes, Cavco Industries, Fleetwood Homes - Curious Desk

    ‘Spare a thought for your neighbour’, communities are told – Spalding Today

    - April 11, 2020 by Mr HomeBuilder

    Households in the Deepings and Bourne are being encouraged to look out for their neighbours, especially those living near NHS and other workers involved in the fight against coronavirus.

    People are being asked to be considerate of those at the forefront of keeping the area, and Lincolnshire, moving as they work daily to ensure that important services are maintained.

    The appeal comes from South Kesteven District Council (SKDC) whose staff have responded to the emergency by setting up a community information hub that is staffed between 8am and 7pm, seven days a week.

    Coun Annie Mason, SKDC cabinet member for communities, said: "This is a very challenging time and we are simply asking people to think of how they can make small gestures that show how much the work of others is appreciated.

    "I have been very impressed with how people have followed government advice by keeping social contact to an absolute minimum and adhering to social distancing guidance.

    "But there are things that people can do to help others, particularly for those working long hours or unsociable shifts.

    "This could be as simple as going to fetch some shopping or a prescription."

    Among those the Government considers to be "key workers" include those employed in health and social care, from medical consultants to cleaners

    But the category also includes supermarket staff and others in the food supply chain, police, fire and rescue, utilities staff making sure that electricity, oil, gas and water supplies are maintained, transport workers who make sure supplies get to where they are needed and teachers.

    Coun Mason said: "We are asking our residents to be extra considerate when they are involved in an activity that could impact your neighbour."

    "Whilst at home, many of us are completing DIY tasks, getting around to doing the gardening or having occasional bonfires to dispose of the waste.

    "This can be good for our mental and physical wellbeing, but please be mindful that there may be key workers living locally who are working very hard, often through the night, and may need to sleep or work from home during the day.

    "For example, do noisy garden jobs like mowing the lawn at tea time, rather than early in the morning.

    "When you are working in your garden, playing music, using power tools or involved in any other activity that could impact your neighbour, please think about them."

    Deepings and Bourne have access to new community information hub

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    'Spare a thought for your neighbour', communities are told - Spalding Today

    Architects are getting slammed by COVID-19: Survey – Fast Company

    - April 11, 2020 by Mr HomeBuilder

    Nearly every industry is getting pummeled by the spread of COVID-19, and architecture is no exception. In late March, the American Institute of Architects conducted a survey of 387 architecture firm leaders, and the results suggest a deeply uncertain future for the profession. Two-thirds of the firms that responded said projects had either stopped or slowed down as a result of COVID-19, and a whopping 94% said they anticipate revenue to dip. Respondents expected their losses to only deepen in April.

    The damage will be far-reaching, impacting individual practitioners, firms, and the profession at large. Firms are already furloughing workers and slashing pay. Foster + Partners, one of the most prominent architecture firms in the world, announced that its 1,400 workers would take a 20% paycut for three months. In New York, architects working on public projects have been ordered to suspend their design work indefinitely. Many architecture firms are small businesses, Dan Hart, AIAs at-large director, points out. Small businesses have been especially hard hit by the economic fallout from COVID-19.

    Firms with public projects underway in international locations are potentially the most at risk, as 47% of them have instituted a no-travel policy indefinitely, according to the survey, making it difficult to visit sites and maintain construction schedules. Firms that focus on residential architecture may be in even hotter water; the survey suggests they have gotten far fewer inquiries for new design contracts.

    Twenty-five percent of the firms that responded expect a 15% loss in revenue this month, and that number may only increase as stay-at-home orders continue. If other creative fields are any indication, layoffs could accelerate. The length, intensity, and uncertainty of this crisis will impact both the funding of and the opportunity for construction, Hart says. Gainful employment for architects is positively affected by shortening the impact of the crisis, flattening the infection curves, and introducing more certainty in containing the spread of the virus.

    So whats to be done? In the short term, firms can take a few measures to offset the magnitude of their losses. Aside from applying for emergency loans through the governments Payment Protection Program to pay for salaries, insurance, rent, and other operating costs, small firms (less than 500 people on staff) are eligible for loan forgiveness and businesses that are forced to shut down completely can get a payroll tax credit.

    Looking ahead, AIA CEO Robert Ivy says its critical for the government to put more provisions in place to protect architecture and construction jobsnot just for the industry, but for society at large. To jump-start the economy and bring architects and the critical design and construction economy back to life, we are strongly advocating for vertical infrastructure, buildings, to be included in any additional stimulus bill,' he writes in an email. The nation needs housing, healthcare, and health-related research facilities (a clear need at this time), and schools. Architecture can and should create facilities that allow us to grow and heal, stimulating the larger economy while creating safer, more healthful places.

    Read more from the original source:
    Architects are getting slammed by COVID-19: Survey - Fast Company

    How Architects and Designers are Helping COVID-19 Relief – TownandCountrymag.com

    - April 11, 2020 by Mr HomeBuilder

    Douglas Friedman

    Nearly every industry is affected by the shelter-in-place orders right now, but designers and architects, who make their livelihoods largely by going into peoples homes and creating furniture, have been hit particularly hard. All of the major furniture fairs, normally a time to debut new talent and designs, have been cancelled; residential and commercial projects are on hold. However, many have been able to stay engaged by redirecting their talents and transforming their factories to making much-needed hospital equipment. This has ranged from Salone del Mobile working with Chinese furniture companies and designers to donate half a million masks to the Italian Red Cross, to architecture firms like Foster + Partners and RCH Studios fabricating face shields in their workshops.

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    Jean Liu Designs

    Jean Liu, designer and owner of outdoor furniture factory Woodard, discovered early on that she could utilize the sewing machines in her Michigan factory to create non-N95 masks, which helps those who are unable to get N95 masks. Companies in the New York Design Center such as Century Furniture and other Sherrill Furniture Brands immediately jumped in to help increase the production of masks despite the fact that on any normal day these brands would be competitors. Fabric brands Schumacher and Kravet also joined Liu by donating fabric, and Talbots donated 10,000 yards of elastic. With their combined efforts, Liu aims to produce 1,000 masks daily.

    Thom Filicia

    Thom Filicia, another designer out of the New York Design Center, has been working with one of its Chicago manufacturers to create masks in that region. He has also been boosting spirits with a series of "house calls," Instagram Live interviews with other designers, each day. His living room, has become his personal oasis while coordinating these efforts.

    RCH Studios

    In Los Angeles, RCH Studios, the firm behind many of LAs public spaces like the Music Center Plaza and Grand Park, are spearheading an initiative with other local architecture firms, including USCs Architecture School to use their model shops and 3-D printers to create face shields and personal protective equipment (PPE) for hospitals in Los Angeles. Additionally, they have made the designs public so that others can help. Other firms such as Bjarke Ingels Group in New York and Howeler + Yoon in Boston are also 3-D printing face shields to distribute locally.

    CW Stockwell and Caitlin Wilson Design

    On the west coast, CW Stockwell and Caitlin Wilson Design have also partnered up to create masks. Creativity abounds as donated fabric makes for particularly colorful masks, including the CW Stockwell masks in its iconic Martinique print.

    Foster + Partners

    In London, the Foster + Partners architecture studio is laser-cutting face shields that can be easily disassembled and sanitized. They've already distributed a batch to health workers in the UK and can make 1,000 shields a day.

    New York City Designers

    Designers who don't have the facilities to create masks are still helping out: New York City interior design studio General Assembly organized an auction with 40 other designers, including Lindsey Adelman, Calico Wallpaper, Apparatus (whose censer, shown here, is one of the items up for auction), Egg Collective, and Anna Karlin with all proceeds benefiting humanitarian aid organization Direct Relief. The auction is live now, and will close on Sunday, April 12.

    Matouk

    The Matouk family realized that, as owners of a bedding company, they were uniquely positioned to make masks in Massachusetts, having both large quantities of fabric and elastic, as well as the proper machines. Within a few days of shifting production, they were able to ship a thousand masks to Children's National Hospital in Washington, DC., and have ramped up production to 2,000 face masks daily.

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    How Architects and Designers are Helping COVID-19 Relief - TownandCountrymag.com

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