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Posted by on Sep 22, 2016 in Blog |

Modular Home Construction Opening the Door for Small Builders

Several years of production deficits during the housing downturn resulted in a limited supply of both rental and new homes in the country. At present, a shortage of buildable lots, skilled labor and available capital for smaller builders are limiting home production, thereby lowering the inventory of homes, both new and existing. New homes inventory for sale was 210,000 units at the end of February. This is just 4.7-month of new home supply, down from the January levels and also the lowest level since June 2013. The supply of existing homes is also tight, with an available supply of just 4.6 months. Analysts expect prices to flare up if the supply picture does not improve. Labor, Land and Material Costs are at the heart of the problem.  Rising building materials and labor costs are threatening margins as they limit homebuilders’ pricing power. Both labor and construction material costs are rising proportionally with increasing housing starts, and there could be significant inflation going forward. This could eat into site builder’s...

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Posted by on May 25, 2016 in Blog |

Google Loves Modular Construction – Just Ask Them!

I just asked the ultimate source of knowledge in the Universe, Google “What is a modular home?” In less than a 1/10 of a second Google returned the following definition. This is their definition, not something I pulled from a website. “A modular home is simply a home built to local building codes in a controlled, environmentally protected building center using precise and efficient construction technology. They are built to the same codes as a site built home.” Google Let’s break this down into smaller pieces and see if they have it correct. “A modular home is simply a home built to local building codes” Yes, it is built to meet or exceed ALL Federal, State, IRC, Energy and local codes you could possibly think of including codes that are written specifically for modular housing. SIte builders would have a hard time meeting all the codes imposed on modular housing which means home buyers that choose modular get a better home. “in a controlled, environmentally protected building center: The...

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