BROOKLYN, N.Y. – Oct 3, 2018– SG Blocks, Inc. provided the Daily Business News on MHProNews with a press release that said, “(NASDAQ: SGBX), a leading designer, innovator and fabricator of container-based structures, announced it has formed a strategic alliance with Harrison, Walker and Harper (HWH), an engineering, contracting and industrial services firm. HWH will be SG Blocks’ preferred partner to perform all the site work and installation of projects across the U.S. This includes single-family container-based modular homes that will be built through its subsidiary SG Residential. HWH will also provide up to $100 million in bonding capacity for projects that give both companies a significant competitive advantage.”
Let’s focus for a moment on that last line, which is one reason why MHProNews elected to publish this release. “HWH will also provide [SG Blocks] up to $100 million in bonding capacity for projects that give both companies a significant competitive advantage.”
There are several factors that have thus far limited the applicability of container housing’s use as single family homes that may compete with manufactured homes.
One of those factors is capacity.
But as capacity and demand rise, pricing may well decline per unit. If so, that and other advances could make SG Blocks a potential competitor to manufactured housing in some applications.
“HWH is a well-established company and a leader in the built environment sector,” stated Paul Galvin, Chairman and CEO of SG Blocks. “We are excited at our new partnership, which will offer our clients a national solution at the installation level.”
“SG Blocks’ groundbreaking approach to construction immediately resonated with our team,” stated Jordan Harper, CEO of HWH via the release. “We look forward to working together to quickly and efficiently build new projects across the country.”
This isn’t the only significant recent development in the factory-building arena.
ICYMI, and for additional context, see related reports above and further below, for other prefab and modular builders, including an operation being backed by Amazon’s Alexa Fund. That fund described the market they entered as a “$330 billion dollar” potential market. Are manufactured home builders, thinking big enough?
That’s this evening’s look at industry “News, Tips, and Views That Pros Can Use.” © (News, analysis, and commentary.)
(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)
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