Business, Free News Articles, Manufacturing, Reports and Studies

Industrial Manufacturing Planned Investment Decreased in October 2022 to 129 Projects in U.S. and Canada

JACKSONVILLE BEACH, Fla. -- IMI SalesLeads announced today the October 2022 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 129 new projects in October, and 154 new projects in September in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

INDUSTRIAL MANUFACTURING - BY PROJECT TYPE

Manufacturing/Production Facilities - 117 New Projects

Distribution and Industrial Warehouse - 77 New Projects

INDUSTRIAL MANUFACTURING - BY PROJECT SCOPE/ACTIVITY

New Construction - 40 New Projects

Expansion - 48 New Projects

Renovations/Equipment Upgrades - 42 New Projects

Plant Closings - 10 New Projects

INDUSTRIAL MANUFACTURING - BY PROJECT LOCATION (TOP 10 STATES)

Michigan - 11

California - 8

Ontario - 8

Indiana - 7

New York - 7

Ohio - 7

South Carolina - 6

Texas - 6

North Carolina - 5

Tennessee - 5

LARGEST PLANNED PROJECT

During the month of October, our research team identified 15 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Micron Technology, Inc., who is planning to invest $100 billion for the construction of a manufacturing facility in CLAY, NY. They are currently seeking approval for the project. Construction will occur in multiple phases and is expected to begin in 2023.

Top 10 Tracked Industrial Manufacturing Projects

MICHIGAN:

Battery mfr. is planning to invest $1.6 billion for the renovation and equipment upgrades on a recently leased 660,000 sf manufacturing facility at 42060 Ecorse Rd. in VAN BUREN TOWNSHIP, MI. Completion is slated for 2024.

SOUTH CAROLINA:

Automotive mfr. is planning to invest $700 million for the construction of a 1 million sf EV battery manufacturing facility in WOODRUFF, SC. They are currently seeking approval for the project.

TENNESSEE:

EV battery mfr. is planning to invest $500 million for the construction of a manufacturing facility in CLARKSVILLE, TN. They are currently seeking approval for the project.

ALABAMA:

Automotive component mfr. is planning to invest $205 million for the construction of a 450,000 sf EV battery manufacturing facility in MONTGOMERY, AL. Construction is expected to start in late 2022.

GEORGIA:

Building materials mfr. is planning to invest $150 million for a 500,000 sf expansion of their manufacturing and warehouse facility in MACON, GA. They are currently seeking approval for the project.

KANSAS:

Tire mfr. is planning to invest $125 million for the expansion of their manufacturing facility in TOPEKA, KS. They have recently received approval for the project.

TENNESSEE:

Battery material and technology company is planning for the expansion of their warehouse and manufacturing facility at 1029 W 19th St. in CHATTANOOGA, TN. Completion is slated for 2024.

MICHIGAN:

Automotive component mfr. is planning to invest $100 million for the renovation and equipment upgrades on two recently leased manufacturing facilities totaling 314,000 sf at 12240 Oakland Blvd. in HIGHLAND PARK, MI and in SHELBY TOWNSHIP, MI. They have recently received approval for the projects.

ALABAMA:

Aerospace company is planning to invest $45 million for the expansion, renovation, and equipment upgrades on their manufacturing facility in COURTLAND, AL. Completion is slated for late 2026.

TEXAS:

Residential glass products mfr. is planning to invest $30 million for a 195,000 sf expansion of their manufacturing and warehouse facility in WAXAHACHIE, TX. They are currently seeking approval for the project. Completion is slated for late 2023.

About SalesLeads, Inc.:

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities.

The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

More information: https://www.salesleadsinc.com/industry/industrial-manufacturing/

Related link: https://www.salesleadsinc.com/

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Business, Free News Articles, Reports and Studies, Restaurant, Hotel and Hospitality

Kiosk and Menu Board News from the Kiosk Association (KMA)

​DENVER, Colo. -- Kiosk Association News - Menu Boards & Kiosks: News on Shake Shack, Panera's, Wendy's and BurgerFi. See information on tradeshows this week including DSE, IAAPA and Smart City Expo in Barcelona.

News 11/12/2022

* Mobile portable kiosk - Easy ship, easy setup, easy location

* Ticketing and wristband kiosks at IAAPA this week

* POS Market Report - Who uses what...

* Panera AI Drive Thru Proof of Concepts in NY review (see Deep Dive)

* Shake Shack - iPad kiosks coming to all

* Child Support Bill Payment

* Why and How of Accessible Kiosks Whitepaper

* Wendy's POS Case Study for franchisees

AVIXA Articles

* Curved Display Case Study 22Miles & Nanolumens - Video

* Latest update on iPads and small format for restaurants, healthcare & transportation

* Cosmopolitan Hotel Lobby Case Study with video

* Menu Board Technical Considerations

* BurgerFi ROI Case Study

* Enhancing C-Store Experience

* Digital Menu Boards - McDonald's & Coates

Analysis

I tested out Panera's new 'automated' drive-thru and now I think every fast food chain should use it -- An Alexa-type conversational order-taking AI for the drive-thru with lots of pics, but oddly no audio. Will multi-lingual capability be added? We've asked.

This coming week is a busy tradeshow week with DSE in Vegas (we are in 617, use KMN20 for a free pass. See cloud services for 3 different SOC systems, self-order countertops, an outdoor digital sidewalk marquee, and a dual 55 outdoor menu board. In Florida, there is the huge IAPPA show with all types of ticketing, and finally Smart City Expo in Barcelona.

The deadline for comments for the U.S. Access Board ANPRM is next week (21st) as well.

Articles: https://kioskindustry.org/news-posts/

LEARN MORE:

For more information contact info@kioskindustry.org or visit https://kioskindustry.org/.

Since 1996 for 26 years. For a list of all verticals visit The Industry Group.

Thanks to the companies whose support makes this possible. Contact Craig to join them.

Related link: https://kioskindustry.org/

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Business, Environment and Ecology, Free News Articles, Insurance, Reports and Studies

New Energy Risk Publishes Sustainability Report, Adds Two Key Hires

AVON, Conn. -- New Energy Risk (NER), a wholly-owned division of Paragon Insurance Group, today announces the release of its annual Sustainability Report and two key hires to support its goal of "Underwriting a Greener Future."

The report details the climate, sustainability, and environmental impacts of NER's client portfolio, where innovations to reduce carbon intensity for fuels and power, as well as to promote the circular economy and curb wastefulness, have led to increased impact year-to-year, with some impact measures increasing more than 100%.

"I am proud of the tireless effort every member of our team has put in over the past year, and the Sustainability Report clearly lays out how our creative solutions continue to deliver real-world results," NER Chief Executive Officer Tom Dickson said.

Visit the New Energy Risk website to view the full report: https://newenergyrisk.com/ner-releases-its-2021-sustainability-report/

NER is adding Richard Riley as business development manager. He brings a wealth of experience in engineering, project management, EPR reactors and novel energy storage.

Krista Sutton also joins the company as principal engineer. She adds talent and depth to NER's technical diligence team where she has deep experience in chemical engineering and environmental engineering focused on biofuels.

"We are thrilled to bring talent like Richard and Krista aboard as we look to solidify NER as the market leader and take aim at the world's climate challenges," Dickson said.

About New Energy Risk:

New Energy Risk is a pioneer of large-scale, breakthrough technology performance insurance solutions. The company provides complex risk assessment and serves as a bridge between technology innovators, financiers, and insurers. Insurance policies are administered through New Energy Risk affiliate Complex Risk and Insurance Associates, LLC, CA License #0I24307. Learn more: https://newenergyrisk.com/.

About Paragon:

Paragon Insurance Holdings, LLC, formed in 2014, writes all commercial lines of insurance across more than 20 programs. Paragon's industry-specific and general underwriting facilities offer insureds, retail agents, carriers, reinsurers and service providers unique product, service, capability, and results. Learn more: https://www.paragoninsgroup.com/.

Related link: https://newenergyrisk.com/

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Business, Free News Articles, Reports and Studies

MCTlive! Lock Volume Indices: October 2022 Data

SAN DIEGO, Calif. -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for October 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The October MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

October MCTlive! Lock Volume Indices show that year-over-year total lock volume (-60.4 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. While last month saw both the month-over-month rate/term refinance lock figure and purchase index increase, those figures were down 28.9 percent and 15.8 percent, respectively. Total mortgage rate locks by dollar volume decreased 17.1 percent month-over-month in October. Cash out refinances are down 27.6 percent month-over-month and from one year ago volume is down 87.2 percent, while rate/term refinance volume has dropped 93.2 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

:: INDEX VALUES TO END OCTOBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -17.08%

Purchase: -15.84%

Rate/Term Refinance: -28.92%

Cash Out Refinance: -27.57%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -60.36%

Purchase: -42.19%

Rate/Term Refinance: -93.20%

Cash Out Refinance: -87.21%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT)® has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

Related link: https://mct-trading.com/

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Business, Free News Articles, Reports and Studies, Restaurant, Hotel and Hospitality

Almost 30% of Restaurateurs Want to Change Their POS Provider, Says RestaurantOwner.com Survey

PHOENIX, Ariz. -- This week, RestaurantOwner.com released its 2022 POS Survey Report. The survey asked over 800 independent restaurant owners to rate and comment on their POS systems' installation and operational costs, system and contract characteristics, and their satisfaction with POS features and support.

A lot has changed since the RestaurantOwner.com POS Survey was last conducted in 2017. Here are some key takeaways from this year's survey:

* The ten most popular brands account for over three quarters of the market. Toast and Square were the most popular POS brands, a significant shift from 2017 when Aloha and Micros were the industry leaders.

* POS system upfront costs have fallen more than 30% since 2017, as today's restaurateurs are spending an average of only $9,289 to get up and running with their systems. On the other hand, monthly fees have increased by 274% to $379 on average over that same period.

* The growth in monthly subscriptions is due in part to flexibility in contract length in exchange for limitations on credit card processing. Almost half of those surveyed said they are locked into using their system's credit card processor.

* 61% of respondents report that they use one or more handheld devices in their operations compared with only 27% five years ago.

* Many survey takers say that they do not use many of their POS's features because they are hard to implement or operators lack the time and support to get the necessary training.

* Respondents are disappointed by the support they receive from their providers. In the 2017 survey, 84% of respondents were satisfied with vendor support but in the most recent survey, that proportion dropped to 69%. One restaurateur told us: "The phone support is terrible. You wait on hold for an hour just to speak with someone who is learning the system. Super frustrating all around."

* Challenges like these are driving about 30% of those surveyed to consider switching their POS provider within the next year.

The RestaurantOwner.com 2022 POS Survey provides valuable insights for those restaurateurs looking for a new POS system or wanting to make a change. POS providers will find that the survey gives them a wealth of data and straight-from-the-user comments that can help them improve their systems and services as well as attract new customers.

Explore the full survey results at https://RestaurantOwner.com/POS2022.

About RestaurantOwner.com:

RestaurantOwner.com is a community of independent restaurant owners. With more than 69,000 members since 1998, RestaurantOwner.com serves a worldwide member base that operates in more than 160 countries. RestaurantOwner.com members represent a wide range of restaurant concepts of all sizes, with over 35% of members operating multiple locations. Learn more: https://www.restaurantowner.com/.

RestaurantOwner.com, 20235 N. Cave Creek Rd., Suite 104, Phoenix, AZ 85024.

Related link: https://www.restaurantowner.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Reports and Studies

Sales Boomerang releases Q3 2022 Mortgage Market Opportunities Report

OWINGS MILLS, Md. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, and Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations, today announced the release of Sales Boomerang's latest Mortgage Market Opportunities Report. Despite significant year-over-year declines in mortgage volume, the Q3 2022 report showed an increase in Credit Improvement Alerts, signaling the opportunity for lenders to offer timely advice and tailored financial solutions to prospects with newly improved credit scores.

Methodology

The Mortgage Market Opportunities Report draws on Sales Boomerang system data to identify market opportunities of relevance to today's borrowers and lenders. To generate the report, Sales Boomerang reviewed data from more than 150 residential mortgage lenders, a subset of its clients, that use its borrower intelligence and retention tools to monitor millions of customer and prospect records. Sales Boomerang then calculated and compared the aggregate frequency with which those contact records triggered loan-opportunity, prescriptive-scenario and risk-and-retention alerts during the second and third quarters of 2022.

Key Findings*

Sales Boomerang's loan-opportunity alerts identify the contacts inside a lender's database who are actively shopping for a mortgage loan or who may be able to benefit from a new mortgage loan. Across the sample group, the frequency of each alert type in Q3 2022 was as follows:

* Mortgage Inquiry Alert: 2.84% of monitored contacts (down 12.21% from Q2)

A customer or prospect has shopped with a competitor in the last 24 hours.

* EPO Alert: 2.05% of monitored contacts (down 11.38% from Q2)

A customer or prospect whose loan closed ≤ 6 months ago has shopped with a competitor in the last 24 hours.

* Credit Improvement Alert: 5.47% of monitored contacts (up 33.41% from Q2)

A customer or prospect has improved their FICO score.

* New Listing Alert: 1.12% of monitored contacts (down 22.04% from Q2)

A customer or prospect has listed their home for sale.

* Equity Alert: 4.68% of monitored contacts (down 40.98% from Q2)

A customer or prospect's home equity has increased.

* Rate Alert: 0.49% of monitored contacts (down 80.94% from Q2)

The interest rate of a customer or prospect's existing mortgage is significantly higher than current prevailing rates.

Sales Boomerang's prescriptive-scenario alerts analyze not only whether a consumer could benefit from a given loan type, but also whether the consumer is credit-qualified to apply for financing. This additional layer of intelligence makes prescriptive-scenario alerts among the highest-converting available to mortgage lenders today. The frequency of each alert during Q3 2022 was as follows:

* Cash-Out Alert: 2.60% of monitored contacts (down 62.18% from Q2)

A borrower is credit qualified and has built sufficient equity to tap into the cash in their home.

* Rate-and-Term Alert: 1.23% of monitored contacts (down 51.37% from Q2)

A borrower is credit qualified and can benefit from the current interest rates for a refinance.

* FHA MI Removal Alert: 10.39% of monitored contacts (up 31.07% from Q2)

An FHA borrower has exceeded 20% equity and can remove mortgage insurance (MI).

For a subset of lenders that maintain servicing portfolios, the frequency of risk-and-retention alerts was as follows:

* Risk & Retention Alert: 30.28% of monitored contacts (up 40.45% from Q2)

A customer is engaging in one or more of 15 credit activities that may put their serviced loan at risk

Analysis*

* Mortgage Inquiry, EPO and New Listing alerts all decreased in Q3 as consumers stopped actively looking for new mortgage products. As interest rates rise and homebuyer sentiment approaches an all-time low, lenders will need to create their own opportunities for outreach rather than waiting for borrowers to reach out themselves. For example, lenders may find success capturing purchase opportunities by leveraging a seller buy-down strategy to combat high interest rates that might prevent buyers from committing to a purchase.

* Credit Improvement alerts increased for the third consecutive quarter. As lenders reconnect with turndowns whose credit scores have improved, they'll need to get creative in serving consumers' home finance needs. Recent data backs up the claim that borrowers can benefit from an adjustable-rate mortgage (ARM), so lenders should be prepared to educate borrowers on the pros and cons of these products.

* Risk & Retention alerts were up more than 40% in Q3 as consumers took on unprecedented personal debt, spending in other areas as the housing market continues to cool. According to the Federal Reserve, revolving credit card debt increased by 18.1% in August and total consumer debt surged to a record $4.68 trillion. Lenders can offer relief while protecting their servicing portfolios by presenting refinance options designed to help borrowers pay off high-interest debts and improve monthly cash flow.

"To find success in today's market, lenders not only must be proactive in their borrower outreach, they also must level up the creativity of the financial strategies they bring to the table. It's a tall order, but not an impossible one - and we're here to help," said Sales Boomerang and Mortgage Coach Chief Visionary Officer Alex Kutsishin. "With Sales Boomerang's borrower intelligence, lenders can spot opportunities a mile away. And by leveraging the power of the Mortgage Coach Total Cost Analysis, lenders can bring even the most nuanced financial scenarios to life in a way that inspires borrower understanding and trust."

*Key findings and analysis provided for informational purposes only. The data represented in the Mortgage Market Opportunities report is historical. Past performance is not a reliable indicator of future results. Sales Boomerang accepts no responsibility or liability for readers' use of the key findings or analysis included in this report.

About Sales Boomerang and Mortgage Coach:

Sales Boomerang and Mortgage Coach are trusted by more than 300 lenders, including brokers, independent mortgage companies, credit unions and banks, to connect borrowers with the right loan at the right time.

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. Intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang helps lenders build lasting borrower relationships that maximize lifetime customer value. To learn more, visit https://www.salesboomerang.com.

Mortgage Coach is an award-winning platform that empowers mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time. Side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower pull-through, repeat business and referrals. To learn more, visit https://www.mortgagecoach.com.

Related link: https://www.salesboomerang.com/

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Business, Free News Articles, Reports and Studies

Down Payment Resource releases Q3 2022 Homeownership Program Index

ATLANTA, Ga. -- Down Payment Resource (DPR), a technology provider helping the housing industry connect homebuyers with homebuyer assistance programs, today announced findings from its latest Homeownership Program Index (HPI). The firm's analysis of 2,309 homebuyer assistance programs in its DOWN PAYMENT RESOURCE® database revealed that the net number of homebuyer assistance programs increased by 1.6% from Q2 to Q3 2022.

This marks the fourth consecutive quarter of growth in homebuyer assistance programs. Increased program availability and funding are especially timely given recent research from Redfin indicating that the median U.S. down payment on a home grew from $32,917 in July 2019 to $62,500 in July 2022.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,200 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database. Homebuyer assistance programs that waive the first-time homebuyer requirement for veterans and military personnel are tracked as two separate programs to enable reporting on dedicated assistance for military buyers.

Key Findings

The Q3 2022 HPI examined a total of 2,309 homebuyer assistance programs that were active as of October 3, 2022. Key findings are as follows:

* The net number of homebuyer assistance programs continues to grow. The number of programs increased by 36 in Q3 2022, including 16 new statewide programs, seven new municipal programs and several new programs administered by employers or nonprofits. These programs provide assistance in the form of affordable first mortgages, community second mortgages and combined down payment and closing cost support, among other types of homebuyer assistance.

* More programs are receiving funding. More than four out of five (83.9%) programs are currently funded, and the number of actively funded programs grew by 34 in Q3 2022, a 2% increase over the previous quarter.

* Programs offering incentives for educators increased. The number of programs offering unique benefits for educators grew by 16.4% over the past quarter. The 10 new programs added this quarter brings the total number of homebuyer assistance programs for educators to 71 nationwide.

"Home price appreciation and low housing inventory have caused the median down payment to nearly double from this time two years ago," said DPR CEO Rob Chrane. "At the same time, rising interest rates are driving up monthly mortgage payments, making homeownership even more difficult to achieve. Consumers, lenders and real estate agents need to know about the large and growing number of homebuyer assistance programs available nationwide that can make a real difference."

Further analysis of the Q3 2022 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/homebuyer-assistance-programs-proliferate-in-q3-as-median-u-s-down-payment-skyrockets/.

For a complete, state-by-state list of homebuyer assistance programs, visit https://downpaymentresource.com/wp-content/uploads/2022/10/HPI-state-by-state-data.Q32022.pdf.

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. The company tracks funding status, eligibility rules, benefits and more for approximately 2,200 programs in 11 categories. DPR has been recognized by Inman News as "Most Innovative New Technology" and the HousingWire Tech100(tm). DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. DPR's subscription-based service, Down Payment Connect, helps agents and loan officers match buyers to available programs.

For more information, please visit https://downpaymentresource.com/ and on Twitter at @DwnPmtResource.

Twitter: @DwnPmtResource #downpaymentassistance

RELATED LINKS:

https://www.redfin.com/news/homebuyer-down-payments-doubled-during-pandemic/

Related link: https://www.downpaymentresource.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Advertising and Marketing, Business, Free News Articles, Reports and Studies

Direct Mail Benchmark Report: 86% of marketers have increased or maintained direct mail use in the last twelve months

MINNEAPOLIS, Minn. -- New industry research commissioned by SeQuel Response and conducted by NAPCO Research, shows 86% of marketers have increased or maintained direct mail use in the last twelve months.

The research report titled, "Direct Mail: Signed, Sealed, and Still Delivering Results," surveyed B2B and B2C marketing leaders to gain insights into how today's brands are using mail, channel performance, digital integration strategies, and challenges. The full report is available at https://www.sequeldm.com/directmailreport/.

The direct mail channel has been on a steady rebound since the initial plunge of 2020 as volumes routinely increase and consumer adoration for print remains. Additional key findings from the research show that although brands will maintain digital marketing investments, the longevity and sustainability of direct mail continues to rank it among the top channels in current and future marketing strategies.

* 97% of respondents report steady direct mail performance.

* 90% or more have integrated or plan to integrate digital marketing channels into their direct mail strategy.

* Over half of respondents entered the mail channel to escape the rising CAC costs of digital channels.

* Reaching audiences due to increased data security regulations for offline data/modeling data is a top concern for marketers.

The report also features interviews with data security and paper industry experts, discussing current market trends and 2023 predictions.

About SeQuel Response:

SeQuel Response has quickly become the go-to direct response advertising agency for growth-oriented consumer brands looking to launch and rapidly scale their direct mail and digital marketing campaigns. In five consecutive years, Inc. Magazine has named SeQuel to its Inc. 5000 list of the fastest-growing private companies in the U.S.

Learn more at: https://www.sequeldm.com/

Related link: https://www.sequeldm.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Manufacturing, Reports and Studies

154 New Industrial Manufacturing Development Projects Showed Improved Performance in September 2022

JACKSONVILLE BEACH, Fla. -- IMI SalesLeads announced today the September 2022 results for the new planned capital project spending report for the Industrial Manufacturing industry. The 154 new projects increased from August 2022 140 manufacturing projects, however, down from 162 in September 2021.

The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 154 new projects in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type
Manufacturing/Production Facilities - 133 New Projects
Distribution and Industrial Warehouse - 61 New Projects

Industrial Manufacturing - By Project Scope/Activity
New Construction - 59 New Projects
Expansion - 43 New Projects
Renovations/Equipment Upgrades - 44 New Projects
Plant Closings - 16 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)
North Carolina - 10
Ohio - 10
Indiana - 9
Texas - 9
California - 8
Pennsylvania - 7
Wisconsin - 7
Michigan - 6
Alabama - 5
Georgia - 5

Largest Planned Project

During the month of September, our research team identified 19 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Micron Technology, Inc., who is planning to invest $15 billion for the construction of a manufacturing facility in BOISE, ID. They are currently seeking approval for the project.

Top 10 Tracked Industrial Manufacturing Projects

MICHIGAN:

Battery component mfr. is planning to invest $3.6 billion for the construction of a manufacturing facility on 18 Mile Rd. in BIG RAPIDS, MI. They are currently seeking approval for the project.

KENTUCKY:

Automotive mfr. is planning to invest $700 million for the renovation and equipment upgrades at their manufacturing facility in LOUISVILLE, KY. They have recently received approval for the project.

INDIANA:

Automotive mfr. is expanding and planning to invest $491 million for a 6,000 sf expansion, renovation, and equipment upgrades on their manufacturing facility in MARION, IN. They are currently seeking approval for the project. Construction is expected to start in early 2023.

TEXAS:

EV mfr. is planning to invest $365 million for the construction of a lithium-hydroxide refining plant in ROBSTOWN, TX. They are currently seeking approval for the project. Construction is expected to start in late 2022, with completion slated for 2024.

ARIZONA:

Plant-based packaging product mfr. is planning to invest $280 million for the renovation and equipment upgrades on their manufacturing facility in GILBERT, AZ. Completion is slated for late 2023.

SOUTH CAROLINA:

Automotive component mfr. is planning to invest $200 million for the renovation and equipment upgrades on their manufacturing facility in ANDERSON, SC. Completion is slated for 2026.

MISSOURI:

Consumer products mfr. is planning to invest $180 million for the expansion, renovations, and equipment upgrades on their processing facility in ST. LOUIS, MO. They are currently seeking approval for the project.

OHIO:

Truck mfr. is planning to invest $150 million for the expansion of their manufacturing facility in NEW PHILADELPHIA, OH. They are currently seeking approval for the project.

TEXAS:

Steel tube mfr. is planning to invest $75 million for the construction of a 125,000 sf manufacturing facility in SEGUIN, TX. They have recently received approval for the project.

ALABAMA:

Laminated timber products mfr. is planning to invest $62 million for the construction of a 140,000 sf manufacturing facility in DOTHAN, AL. Completion is slated for 2024. The project also includes equipment upgrades on their existing manufacturing facility in DOTHAN, AL.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

* Industrial Manufacturing
* Plastics
* Food and Beverage
* Metals
* Power Generation
* Pulp Paper and Wood
* Oil and Gas
* Mining and Aggregates
* Chemical
* Research and Development
* Distribution and Supply Chain
* Pipelines
* Pharmaceutical
* Misc. Industrial Buildings
* Waste Water Treatment
* Data Centers

LEARN MORE: https://www.salesleadsinc.com/industry/industrial-manufacturing/

Related link: https://www.salesleadsinc.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Reports and Studies

MCTlive! Lock Volume Indices: September 2022 Data

SAN DIEGO, Calif. -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for September 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The September MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

September MCTlive! Lock Volume Indices show that year-over-year total lock volume (-48.5 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. However, both the month-over-month rate/term refinance lock figure (up 33.0 percent) and purchase index (up 6.3 percent) increased in September. Total mortgage rate locks by dollar volume decreased 5.4 percent month-over-month in September. Cash out refinances are down 10.7 percent month-over-month and from one year ago volume is down 80.6 percent, while rate/term refinance volume has dropped 92.9 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END SEPTEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: +5.44%

Purchase: +6.31%

Rate/Term Refinance: +32.98%

Cash Out Refinance: -10.66%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -48.48%

Purchase: -20.5%

Rate/Term Refinance: -92.89%

Cash Out Refinance: -80.56%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT)® has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales.

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

Related link: https://mct-trading.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022