Swanmac Ltd’s Post

Manor Park Management president Lalit Aggarwal says his firm is “staying on the sidelines” despite having thousands of housing units in its pipeline because the market remains too volatile for many builders to put shovels in the ground. https://lnkd.in/gfycs8kK #Ottawa #ottnews #OBJ

The time has come for modular apartment construction to be a solution to help solve America's housing shortage. Greystar has achieved acceptance from state and local building officials to use its alternative modular apartment construction method, which saves time and reduces costs. Elm Tree Communities #multifamily #ctapartments #connecticut #CRE #multifamilyinvesting

America’s Biggest Apartment Owner Takes a Leap Into Modular Homes: "Ltd. Findlay is the first property developed at Greystar’s modular factory in Knox, Pa ...Ltd. Findlay was built roughly 40% faster than Greystar’s traditional projects, Mest said. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste." https://lnkd.in/ed5FRdyh

New Housing Complex in TownPress Nearly Complete

Beal Homes has secured planning approval for a £120million development which will bring 450 new homes to a popular neighbourhood in Hull. A planning application by the East Yorkshire-based housebuilder for a 52-acre site in the Kingswood area has been given the green light by Hull City Council’s Planning Committee, subject to conditions. The “hybrid” application included full planning permission for the first 214 homes and associated works, as well as outline plans for a further 236 homes. Read the full story here: https://lnkd.in/eDNvcNic #property #housebuilding #newbuild #newhomes #construction

First increase in dwellings consented in 17 months. The number of new residential dwellings consented across Christchurch, Selwyn and Waimakariri was 5,757 for the 12 months to August 2024, which is an increase of 3% over the 5,576 dwellings consented for the same period in 2023. As you can see from the table below, the trend of declining building consent numbers has slowed significantly from January (where the year-on-year decline was 25%), and the August increase appears to be a continuation in the slow but steady improvement in the local market. I'm not suggesting that the Canterbury residential construction sector has recovered...but that we are either at or very close to the bottom of the current downturn…the next few months will tell.

If you've ever taken on a big renovation, you know how quickly costs can rise above expectations. To cope at The Mount Community Centre, construction manager Barry Whitnell and the Building Committee started prioritizing jobs to match the budget. By dealing with heating and elevator renovations at the outset, they would save labour costs overall. Four basement apartments would cost $400,000 alone so they were put on the back burner. Also, a new underground electrical line would be required to run into the building from Monaghan Road. As they debated whether to delay the demolition of the interior walls, the low bidder for that job threatened to seek out other projects unless it could get started. Its bid had come in $100,000 cheaper than other offers, but the job was still going to cost $400,000 – $240,000 more than expected. At this time, The Mount had $235,466.27 in its bank account. Realtor Bill Pyle pushed to proceed with the demolition since it would cost more in the long run and the money would be paid in installments. This nail biter came to the board for approval and once again they took a leap of faith. As the group faced more challenges, its members also became more creative: https://buff.ly/3CKL30E And that ended up saving the day. #housing #affordablehousing #problemsolving #innovativedesign #renovations #miracles

An entire building made from #OSB? In less than an hour? A solution for #builders and #developers to get more homes in the ground without the need of additional #skilledlabor. Take a look at how it works! #Homes #Housing #HousingDevelopment #Construction #ConstructionIndustry

"Scottish volumetric house builder Connect Modular has called in administrators just months after completing its biggest contract” Sixty staff at the East Ayrshire firm were blindsided when news broke unexpectedly, just weeks after the December in-house newsletter had urged them to give a final push in 2025 to complete four affordable housing projects. These projects included 76 modular housing units across Garnock Valley, Livingston, Penicuik, and Clydebank. 🔗 Read the full article here to stay updated: https://lnkd.in/ed7NU6vd

Modular housing development has long been a fringe part of the U.S. market, primarily limited to lower-budget or emergency housing. Now, the country’s largest apartment operator is trying to change that. Greystar Real Estate Partners on Monday is opening a six-building modular apartment complex, complete with a gym, amphitheater and bocce courts. It is Greystar’s first U.S. project assembled using this alternative construction method, aiming to combat the chronic delays of traditional developments. https://lnkd.in/ePRHu2DH