Launching first in Washington State, the digital platform empowers homeowners with socially conscious financial solutions

VANCOUVER, British Columbia–(BUSINESS WIRE)–#fintech—Fraction, a socially-conscious alternative for accessing home equity in a fair way, announces today its availability in the United States. The company’s first launch in Washington State comes on the heels of its $228mm USD debt-equity funding announcement and Series A in 2021 and success in the Canadian market, with the new capital being used to fuel Fraction’s US expansion.

Many American homeowners lack savings and carry large amounts of debt due to recent pandemic-related unemployment, rising real estate prices, and stagnating wages. But there is an often overlooked opportunity available to US homeowners: their home equity. The US has $26.9 trillion dollars in home equity available with $670 billion of that located in Washington State alone.

The Seattle area has seen significant property growth over the last decade, and those seeking financial support can now turn to Fraction. Fraction’s HELOC product can help homeowners in Washington tap into their growing home value to find relief or even diversify their income.

“Fraction’s HELOC is the innovative and tech-forward loan option that American homeowners need to live and age well, giving them access to fairer alternatives for securing investment capital or solving the problem of being house rich but cash poor,” said Hayden James, CEO and Co-Founder of Fraction. “We’re excited to expand into the US and Washington is an ideal first state for our roll out given its adjacency to the Canadian market.”

Often homeowners seek ways to unlock equity in their homes for large expenditures or diversifying income – examples include funding home renovations, consolidating or paying off debt, launching a business, or purchasing a secondary residence. While in need of solutions, many homeowners aren’t interested in taking on more debt. Fraction allows them to access the built-up equity in their homes with optional monthly payments and an interest rate tied to their local market’s value.

Fraction’s loans feature 100% optional monthly payments and are a flexible way of tapping into your home’s equity. With a Fraction HELOC, borrowers can potentially cut their existing debt payments in half on average, achieved through eliminating their monthly mortgage payments.

Fraction is a first-of-its-kind platform that completely digitizes the entire mortgage application process with the development of a “human-in-the-loop” automated underwriting system that speeds up the application processing by up to 10x and offers a mortgage servicing dashboard where borrowers can self-serve and manage their optional-payments.

Fraction will launch in additional states by the end of 2022.

Learn more by visiting Fraction.com.

About Fraction

Founded in 2018, Fraction is a digital platform that provides socially conscious financial solutions. Fraction’s signature HELOC product empowers homeowners to access the value locked in their homes with optional monthly payments. They can use the cash for anything, from paying off credit-card debt to starting a business to buying a second home. When the term ends, the house sells, or the homeowner exits the loan, Fraction is paid based on the appreciated growth of the home. Fraction has raised over $300 million in funding from notable investors such as QED, Impression Ventures, Primetime Partners, Panache Ventures, and Global Founders Capital.

The company is headquartered in Vancouver, British Columbia, Canada, with offices in Berkeley, California and Toronto, Ontario. Learn more at www.fraction.com

Contacts

Media Contact:
Nicole Brunet

Media@fraction.com

DUBLIN–(BUSINESS WIRE)–The “Canada Construction Equipment Market – Strategic Assessment & Forecast 2021-2027” report has been added to ResearchAndMarkets.com’s offering.

Canada Construction Equipment Market Size To Reach A Revenue Of USD 4.85 Billion and a Volume Of 39,484 Units By 2027, Growing at a Compound Annual Growth Rate (CAGR) Of 4.45% By Volume During 2021-2027

CANADA EQUIPMENT MARKET INSIGHTS

Canada’s construction equipment market was valued at USD 3.8 billion and is forecasted will reach USD 4.85 billion by 2027, growing at a CAGR of 4.45% during 2021-2027. Canada’s earthmoving equipment market is projected to witness robust growth during the forecasted period

According to the building & construction authority Canada, public sector projects will drive the demand for the construction equipment industry, which accounted for 64% of the total demand in 2021 due to the government’s affordable housing programs.

KEY HIGHLIGHTS IN THE REPORT

19 green infrastructure and water distribution projects received a joint funding investment of over USD 29 million by the federal and provincial governments.

Increased automated safety features added to recent cranes may provide market players with significant changes in the future in the Canadian construction machinery manufacturing industry.

CANADA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

Canada’s earthmoving equipment market is projected to witness robust growth through 2027 owing to the factors such as growth in the transportation sector. Also, deteriorating infrastructure in Canada with bridges with a length of at least 2 meters in Canada will be considered old.

Rapid urbanization drives the market of road roller. The increasing connectivity of roads between cities, towns, and locals has raised the demand for road rollers in the Canadian market.

VENDOR LANDSCAPE

The key players in Canada’s construction equipment market are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota Group, Sumitomo Heavy Industries, Liebherr, and SANY Group.

Caterpillar announced the acquisition of Weir’s Oil & Gas business, now SPM Oil & Gas, in 2020 to expand its global presence to serve its Oil & Gas customers.

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

• Volume (Unit sales)
• Type
• Application
• Value (USD)
• Type
• Application
• Gain competitive intelligence about the economic scenario, advantages, significant projects and investments, dynamics, and market share.
• Examples of the latest technologies.
• Get presentation-ready format and easy-to-interpret data.
• Enable decision-makers to make informed and profitable choices
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the Canada construction equipment market share
• Complete supply chain analysis
• Get COVID-19 impact analysis of the market
• Company Profile of 9 key vendors and 4 other prominent vendors.

Market segmentation by Type

• Earth Moving Equipment
• Excavator
• Backhoe Loader
• Motor Grader
• Other Earth Moving Equipment
• Road Construction Equipment
• Asphalt Paver
• Road Roller
• Material Handling Equipment
• Crane
• Forklift
• Telescopic Handler
• Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)

Market segmentation by Application

• Construction
• Manufacturing
• Mining
• Others

Major Vendors

• Caterpillar
• Komatsu
• Hitachi Construction Machinery
• Kobelco
• Volvo Construction Equipment
• Kubota Group
• Sumitomo Heavy Industries
• Liebherr
• SANY Group

Other Prominent Vendors:

• Linamar
• Tadano
• Oshkosh access equipment (JLG)
• Zoomlion Heavy Industry

Key Topics Covered:

Section 1 – Introduction

• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, FDI, Advantage Canada, Key economic regions in Canada, Import/Export Trend Analysis, COVID-19 Impact, Supply Chain

Section 3 – Technological Developments

• Advent of new Technology
• Recent Development in Construction Equipment Market

Section 4 – Market Dynamics

• Market Drivers, Restraints, Trends

Section 5 – Canada Construction Equipment (Type & Application)

Section 6 – Competitive Landscape

1. Competitive Landscape Overview

2. Major Vendors (Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, SANY Group, Kobelco Construction Machinery, Kubota Corporation, Sumitomo Corporation, Liebherr)

3. Other Prominent vendors

Section 7 – Report Summary

• Key Insights
• Abbreviations
• List of Exhibits

Section 8 – Report Scope & Definition

For more information about this report visit https://www.researchandmarkets.com/r/m5o0jx

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

HOUSTON–(BUSINESS WIRE)–Westlake Royal Building Products™, has announced the four outstanding winners of the 2021 DaVinci^® Masterpiece Contractor Project of the Year Awards. Three residential projects and one commercial project from across the country have been chosen to receive the prestigious award. Qualifications for DaVinci Masterpiece Contractors to receive the award include excellence of installation work, outstanding visual impact, and ability of the roofing work to transform the look of a home or commercial project.

The top honors for residential projects are awarded to:

• Absolute Construction out of Garland, Texas, for replacing the wind- and hail-damaged roof on the home of the Stokoe family with a DaVinci Single-Width Slate roof. The homeowners selected a Castle Gray Cool Roof to reflect the sun away from their Texas home and to help control energy costs.

  “Investing in a new roof is a big decision. From start to finish, Daniel Askari and his team from Absolute Construction were a delight to work with. They’re professional, courteous and responsive. You couldn’t ask for more from a roofing company.”
  
  Chris Stokoe – Homeowner

• Action Roofing out of Santa Barbara, Calif., for reroofing the estate of radio show host Dr. Laura Schlessinger. Overlooking the Pacific Ocean, the previous roof was literally falling off; now the property has a DaVinci Multi-Width Slate roof in Castle Gray.

  “I like how organized, methodical and professional the crew from Action Roofing was related to my roofing project. No wasted time. The project got done quickly, with no mess ever.”
  
  Dr. Laura Schlessinger – Homeowner

• Braswell Construction Group out of Greensboro, Ga., for reroofing the European-style home of Don and Shannon Harvey. The lakeside home was re-roofed as part of a home remodeling project, and now features a DaVinci Multi-Width Slate roof in Smokey Gray.

  “Chris Braswell and his team worked efficiently to get the job done. We understand our home’s design is not particularly easy for a roofer. However, this crew respected our property and has given us a DaVinci roof that we truly love.”
  
  Shannon O’Keefe-Harvey – Homeowner

The commercial project receiving top honors is:

• Champion Roofing out of Oklahoma City, Okla., for installing DaVinci Single-Width Slate roofing in the European color on the Donald W. Reynolds Complex at Children’s Center Rehabilitation Hospital. In addition, the Pediatric Medical Rehabilitation Unit and the outpatient pharmacy also received new roofing.

  “The team at Champion Roofing is very responsive. They worked with our team on meeting the specific needs of our hospital. We’re open 24/7. It was imperative that we have a roofing company that was flexible and attentive to our specific needs. Champion Roofing met and exceeded all our expectations.”
  
  Albert Gray – President of the Board, Children’s Center

MEDIA NOTE: Professional images, videos and more details are available on each of the award-winning projects.

About Westlake Royal Building Products

Westlake Royal Building Products USA Inc., a Westlake company (NYSE:WLK), is a leader throughout North America in the innovation, design, and production of a broad and diverse range of exterior and interior building products, including Siding and Accessories, Trim and Mouldings, Roofing, Stone, Windows and Outdoor Living. For more than 50 years, Westlake Royal Building Products has manufactured high quality, low maintenance products to meet the specifications and needs of building professionals, homeowners, architects, engineers and distributors, while providing stunning curb appeal with an unmatched array of colors, styles, and accessories.

For more information, please visit WestlakeRoyalBuildingProducts.com. Follow us on LinkedIn and Instagram and “Like” us on Facebook.

Contacts

Media Contact:
Wendy Bruch

wbruch@davinciroofscapes.com

The first mover in “upload your own photo” for visualizers, design center selections, option sales, home personalization, and recognized leader in color benchmarking

DALLAS–(BUSINESS WIRE)–#customhomebuilders—Hyphen Solutions announced that it has acquired all of the assets of Chameleon Power, which includes web visualizers, photo upload tools, 3D, VR, AR home renderings and visual product configurators. Hyphen Solutions has also acquired the host of color tools designed to give end-users accurate representations of exact colors regardless of the presentation platform, such as print, mobile or PC. These Home Builder visualization tools have been used by hundreds of companies within the residential construction industry. Verticals served by these residential construction tools include Suppliers, Contractors and Trades such as: painters, windows, doors, decking, brick, tile, home exteriors, design, railing, pavers, patio, kitchen design, roofers and wall panel design. This acquisition helps Hyphen Solutions better serve the entire supply chain to include Home Builders, Suppliers, Contractors, Remodelers, Manufacturers and Distributors.

Felix Vasquez, CEO of Hyphen Solutions, said, “We are constantly looking for winning software to combine with our platform to maximize the efficiencies between Builders and their Suppliers. With this acquisition, we can provide Builders with software that will let allow their customers’ homes to be completely personalized with the homeowners’ actual selections for lighting, plumbing, appliances, paint selections, roofing, exterior and almost every other selection you can imagine. Buyers can see the home they are actually buying and experience it as they have designed it. With our AR technology, they can even see the home on their lot and experience the home in its actual setting. All of the homeowners’ selections will integrate with Hyphen Solutions’ Builder Product Suite to include CRM, scheduling, warranty management and ERP solutions so that trade partners know exactly what to deliver down to the SKU and location.”

Go Where The Customer Is

Dan Dempsey, CEO of Chameleon Power, noted, “Our technology allows prospects to share their preferred choices of lots, plans, colors and designs with friends and family while providing the Builder with keen insights into buyer behaviors. Our tools shorten the time spent by homebuyers in the design center by as much as 75%, reduce buyer anxiety, while improving the overall customer journey for all parties.”

The full power of Hyphen Solutions’ newest acquisition of Home Building virtual design software can be seen in person by visiting Hyphen’s Booth W6771 or Chameleon Power’s Booth W6382 at the NAHB International Builders Show. Join the Hyphen team in Orlando from February 8-10 for a free demonstration of how Hyphen Solutions and Chameleon Power deliver a seamless customer journey for your clients while improving profitability and communication with trade partners.

Explore Chameleon Power online at www.chameleonpower.com or contact the Hyphen experts to answer your questions and schedule a personal demo.

About Hyphen Solutions

Twenty-one of the top 26 North American Home Builders trust Hyphen Solutions as a reliable software in the residential construction management industry. Hyphen’s software-as-a-service delivers greater operational control, better communication, lower costs and increased productivity for Home Builders, Contractors and Suppliers. Over 14,500 Supplier companies across the United States and Canada subscribe to Hyphen’s comprehensive Home Builder and Supply Chain solutions, making the company the leading cloud-based residential construction management software provider. The Hyphen Network serves 570 builder divisions. In 2020, the system helped manage nearly 300,000 new home construction projects. Visit www.hyphensolutions.com to learn more about the collaborative platform.

Contacts

Payton Bowen, Corporate Marketing Manager, Hyphen Solutions

972-728-8442 direct | 972-728-8100 main

Canadian Proptech Startup Begins Aggressive Expansion Into the US Market

TORONTO–(BUSINESS WIRE)–VendorPM, a software-enabled marketplace that modernizes the way property managers manage, source and procure service vendors, announced its $6 million seed round, led by Bessemer Venture Partners as well as leading proptech and real estate investors. This investment will support VendorPM’s continued product innovation, hiring of exceptional talent, as well as expansion plans into targeted growth markets across the US.

Property managers in North America spend over $400 billion to service their buildings each year but still rely on old-school methods such as email, excel spreadsheets and word-of-mouth. This is highly inefficient for property managers and leaves head-office with limited visibility and control. The first to truly modernize the workflow, VendorPM’s SaaS tool bridges the gap via its centralized platform, allowing property management companies to streamline and organize vendor data and operations.

The company currently manages a two-sided marketplace across Canada in support of both property managers and service vendors. Thousands of property managers turn to VendorPM to organize all aspects of their vendor relationships and resources, while vendors use the platform to market their services and provide quotations and proposals. The platform supports 400+ building services across maintenance, operations, capital expenditures and professional services.

In less than 2 years, VendorPM has seen 20x revenue growth, and has rapidly scaled its business to cover more than 5,000 buildings, 30,000 vendors and 100 property management firms, including notable relationships with BentallGreenOak, Cushman & Wakefield | Stevenson, and Avison Young.

“For property managers, working with vendors is still highly manual and inefficient. VendorPM is on a mission to modernize vendor management, sourcing and procurement through a consolidated marketplace,” said Emiel Bril, CEO of VendorPM. “We are thrilled to be partnering with the team at Bessemer to expand from Canada into the US while continuing to build the best-in-class vendor technology for property management.”

“We’re excited to partner with VendorPM to help drive their continued expansion into important new markets ripe for this crucial technology, especially as the world begins to recalibrate post-pandemic,” said Mike Droesch, Partner at Bessemer Venture Partners. “We were impressed with the product that VendorPM is already delivering to their customers across Canada, and we look forward to further elevating them on their mission of empowering property managers and vendors to build better relationships through data and transparency.”

About VendorPM

VendorPM improves the way property management companies work with service vendors. We do this by improving day-to-day efficiency for site staff while enhancing visibility and control for head office across 4 core functions: vendor management, sourcing, procurement and compliance. In less than 2 years, VendorPM supports over 5,000 buildings and 30,000 vendors and is rapidly expanding into new markets across Canada and the USA.

About Bessemer Venture Partners

BVP helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has $9 billion of capital under management. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

Contacts

Media:

Jason Kerkhof

Marketing Manager

jkerkhof@vendorpm.com
647-627-9771

The Company Enhances its Line of Products with a new Industrial Design

JOHNS CREEK, Ga.–(BUSINESS WIRE)–Nichiha USA, a leading provider of innovative building material solutions, announced the debut of Corbosa—the newest addition to its Concrete Series line of fiber cement cladding products.

Taking the Look of Concrete to Unexpected Places

Inspired by the iconic architect Le Corbusier, Corbosa takes cues from his modern concrete designs. Available in two bold colors—Moondust and Shadow—Corbosa mimics the industrial look of wet concrete without the mess or expenses associated with traditional masonry. Corbosa comes in a 6-foot panel for horizontal applications and will be available to order in April.

The industrial architecture style employs a minimalist approach with clean lines, polished surfaces and the use of industrial materials such as concrete. Recently, concrete has seen a boost in popularity in the architectural community, especially in urban areas. Architects use concrete in everything from commercial projects, to multifamily housing or even as accents on modern single-family homes. Corbosa gives architects the concrete look they’re after in an easy-to-install and maintain panel.

“With the addition of Corbosa to our Concrete Series, customers now have even more options to get the modern, industrial style they’re after while enjoying the benefits of our architectural wall panels,” said Jason Monday, vice president of sales and marketing at Nichiha. “They won’t have to worry about their cladding cracking, rotting or fading, and they will have the convenience of installing Corbosa in any weather condition.”

Other products in the Concrete Series include: IndustrialBlock with a distressed concrete design and EmpireBlock, which features a unique dimple that enhances its modern style.

About Nichiha USA

Nichiha USA, a subsidiary of Nichiha Corporation, is a leading manufacturer of high-functioning cladding for commercial and residential building applications. Founded in Japan in 1956, Nichiha now employs over 2800 employees at 13 locations worldwide. Nichiha creates long-term value for architects, builders and contractors through building material solutions that are durable and available in a breadth of colors, styles and textures, with customized support to meet any specification and help customers get the most out of their projects. To learn more, visit www.nichiha.com.

Contacts

For more information contact:

Renée Lyn

(470) 539-8590

rlyn@nichiha.com