
Manufactured Housing
The home and commercial prefabrication industry provides an important and cost effect alternative to traditional onsite construction methods. Its application applies across all forms of housing and it’s an area that is related and very complementary to GenConsolidated Holdings’ financing activities. Like homes in land lease communities, there are no readily available traditional home loan facilities to customers looking to finance the purchase of a premanufactured home.The premanufactured building industry has grown into a multi-billion sector of the construction industry that has never been properly recognised or supported by legacy banks in Australia. As an example Fleetwood Australia is in the top 5 home manufacturer’s with sales of nearly $500 million and more than 2,000 homes sold annually. In comparison in North America, the land lease home industry is mature and accepted as an important part of mainstream housing. Warren Buffet’s Clayton Homes generated net revenues of more than $2.0 billion in 2021 on the sale of 60,000 homes. Importantly these home sales generated more than 55,000 new home loan mortgages via Buffet’ owned 21st Mortgages home loan business and 53,000 new home insurance policies. 21st Mortgage' has a loan book of more than $10 billion with a Moody’s rating of Aa2 as at April 2022.

More about Pre Fab

What is Pre Fab
Prefab is short for prefabrication. It refers to any part of a building that has been fabricated at a place other than its final location. For this reason, it can be referred to by other names such as off-site fabrication, off-site construction, or off-site manufacture. Prefabrication is an ‘umbrella’ term, and it covers a range of different systems and processes. These will include structural, architectural and services elements.

Why Prefab?
Contemporary construction technologies are helping us transform the way we build by:
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creating high quality, innovative buildings
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increasing efficiency, precision, productivity and affordability
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decreasing time frames and costs
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reducing construction waste
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embracing new technologies
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advancing the Australian manufacturing sector

How does Prefab help us achieve this?
Speed – The off-site fabrication process can take place in the factory, in parallel to site preparation activities. This can reduce the overall construction period of a project significantly.
Safety – Health and safety is easier to control in a factory, for example most of the work can be conducted at waist height, and workers know the machinery and systems of the factory.
Sustainability – Minimum site disturbance, tightly managed material flow and construction waste, and pre-planned assembly and disassembly can reduce the environmental impact of construction.
Quality – A predetermined quality can be achieved in a factory-controlled process, and the indoor environment means buildings and components are protected from climate extremes and vandalism.
Clean - On-site wet trades can be minimised or eliminated as elements are pre-formed, pre-poured or pre-applied in the factory context.
Technology – The interface between emerging computer-aided design technologies and fabrication technologies is set to revolutionise construction.
Value – Faster time to occupation can generate income for clients earlier and lead to lower site overheads due to less time on site.
Certainty – There is greater cost certainty due to minimal weather delays, plus there is an earlier design freeze due to requirements of the manufacturing process.
Skills – In communities with a shortage of skilled trade labour, the prefabricated building production line can be organised to employ less skilled labour, working under supervision.

Types of Prefab
There are two main families of prefab systems, 2D prefab and 3D prefab. These systems can be used on their own, used as hybrids with each other, or used in conjunction with traditional construction approaches.
The possibilities are infinite.
2D prefab
Components – Components are pre-cut, pre-sized, pre-moulded or pre-shaped elements that are assembled or installed on site.
Panels – Panelised, or non-volumetric systems, arrive on site ready for assembly. They might form the building envelope, stair cores, internal load bearing walls or lighter partitions. They might be open or closed panel systems, precast concrete panels or other panel types, all created through a range of advanced off-site manufacturing technologies.
Some of the key advantages of 2D prefab are:
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Components and panels of all kinds facilitate transport and delivery
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It lends itself to mass customisation - a ‘family’ of elements can be composed in various ways;
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The configuration options are infinite, combined with speed of assembly.
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These 2D elements might be structural elements, architectural elements or services elements, or they may be a hybrid of these.
3D prefab
Modular – Modular, sectional, volumetric or unitised systems are 3-dimensional structural units which are combined at site with other units or systems or might comprise an entire small building.
Pods - Pods are generally not structural modules, such as bathroom or kitchen pods.
Some of the key advantages of 3D prefab are:
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Modular is a fast way to build. Modules can be manufactured concurrent with site preparation, and can arrive on site almost complete
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Individual modules can be joined to create larger spaces
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Modular systems are increasingly demonstrating their ability to go multi-level.
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These 3D elements might be structural elements, architectural elements, or services elements, or they may be a hybrid of these.
Source: prefabAUS www.prefabaus.org.au