Ikea & Pre-Fab Homes

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Today we read a great an article unveiling the “BoKlok” homes that are being built by Ikea.

“Mention Ikea and most people will think of smart, stylish, and affordable furniture. The news that the company actually makes entire houses – and for over ten years now – will come as a shock to many. Since 1996, Ikea and its partner Skanska have been quietly experimenting with the idea of building affordable houses on factory floors. These houses, known as BoKlok – Swedish for “smart living”, are now available in five countries: Sweden, Denmark, Norway, Finland, and the UK.

Ingvar Kamprad, the founder of Ikea, had been mulling over the idea of building homes for a while when, in 1996, he sensed the right time had come, according to the company. The real estate market in Sweden, Ikea’s home country, was prohibitively expensive for many families. Demand exceeded supply in the residential property sector. More importantly, small households that compromise one to three people were, and still are, under-served by the existing market. In Stockholm, more than 85 percent of households were considered “small” in 2008 while 75 percent of the countryside fell in the same category…

When the BoKlok project began, the prefabricated homes were sold at specific Ikea stores. Currently, owners are chosen through a lottery system. “Interest in our apartments has been so great that, rather than operate a waiting list, we distribute apartments through the drawing of lots,” according to Ikea. While the concept remains the same, the design of the houses has been adjusted to the tastes of their target countries. What is best selling in Sweden doesn’t necessarily translate in the Danish, Norwegian, Finnish and UK markets.

In Sweden, Ikea offers three types of BoKlok homes – multiple family houses, apartments, and has recently added villas to its line. They all have high ceilings and extra large windows to allow in maximum light. Most are fitted with oak floors, tiled bathrooms, and Ikea kitchens. The villas come with maximum adaptability to customers’ tastes while the other two types have limitations. The homes are built in modules and then delivered to their final site.  Assembly, done by Ikea itself, takes a short time – just a day to install a six apartment building. “By the time the evening falls, the roof is on and the building is completely watertight,” according to the company. ”

Read the entire article HERE

UPDATE – Fleetwood Enterprises in loan talks with BofA

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Update on Fleetwood Enterprises from Reuters

“By Chelsea Emery

NEW YORK, March 17 (Reuters) – Motor home maker Fleetwood Enterprises Inc (FLTWQ.OB) is negotiating with Bank of America (BAC.N) for bankruptcy financing and hopes to present a plan to a bankruptcy court as early as next week, according to court documents.

Company spokeswoman Rivian Bell was not able to specify the amount of debtor-in-possession financing being discussed. Such financing is a loan made to a company to help it fund operations while it restructures under bankruptcy protection.

Fleetwood, which also makes manufactured housing, has asked the court to approve emergency funding to pay workers’ compensation benefits to third-party administrators, according to the company’s filing with the Bankruptcy Court for the Central District of California in Riverside on Monday. A hearing was scheduled for 11 A.M. PDT today (Tuesday).

Fleetwood filed for bankruptcy on March 10, hurt by high fuel prices and the U.S. economic recession that had limited sales of its motor homes. The U.S. housing market decline has also slashed demand for its manufactured homes.

It is shuttering its travel trailer division and seeking a buyer for its motor home and manufactured housing units.

“There has been outreach to strategic and financial buyers and there has been interest,” said Bell, adding that she was unable to clarify further.

The Fleetwood case is In re Fleetwood Enterprises, Inc, US Bankruptcy Court, Central District of California (Riverside), No. 09-14254. (Reporting by Chelsea Emery; editing by John Wallace)”

CertifiedGreen Modular Home Program™

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CertifiedGreen Modular Home Program™ Guide, by NMHC and SBRA*

The National Modular Housing Council (NMHC) has introduced a dynamic new program called the CertifiedGreen Modular Home Program™,created by the NMHC in cooperation with the Systems Building Research Alliance (SBRA). This program was created to draw attention to the inherently green nature of factory building: the efficient way that modular homes are constructed, the use and reuse of materials and the general conservation of resources that are hallmarks of modular construction.

CertifiedGreen™ is a national program for new homes that qualify in compliance with the National Green Building Standard recently accredited by the American National Standards Institute (ANSI).The standard was developed by a housing industry consensus committee representing architects, site and factory built home builders, environmental experts and building product manufacturers formed by the National Association of Home Builders (NAHB) and the International Code Council (ICC) to draft the actual standards documentation. The CertifiedGreen™ program was designed by and for the benefit of the modular industry, expressly to meet the needs of modular home builders constructing green homes.

According to the Manufactured Housing Institute, “With the National Green Building Standard as the program’s technical basis, CertifiedGreen™ homes meet a widely recognized benchmark for green building.”

The Program Guide contains additional information on what is required for participation in the program.

National Green Building Standard™, by ICC and NAHB (New Standard to be in stock beginning of March 2009)

A collaborative effort between the ICC and NAHB, the Standard provides the “green” practices that can be incorporated into new homes, including high-rise multifamily buildings, home remodeling and additions, hotels and motels, and the site upon which the green homes are located.

The green practices include lot design, preparation and development; resource, energy, and water efficiency; indoor environmental quality; and operation; maintenance; and building owner education. The four threshold levels, Bronze, Silver, Gold, and Emerald provide builders with a means to achieve basic, entry-level green building, or achieve the highest level of sustainable “green” building that incorporates energy savings of 60 percent or higher. The Standard can be used by any builder for their individual projects, or be the basis for a local community or state green building program.

*Information on CertifiedGreen Modular Home Program™ was obtained from the Manufactured Housing Institute.