Core Viewpoint - Star Equity Holdings, Inc. has signed a 2.1 million contract involves the manufacturing of 16 modules for three 4-unit apartment buildings in Randolph, Vermont, with manufacturing set to begin in February and delivery expected in the second quarter of 2025 [2]. Market Position and Outlook - The CEO of Star Equity Holdings expressed confidence in the improved market conditions and increased demand for new housing, supported by recent multimillion-dollar contracts for affordable housing projects in Maine [3]. - The company believes that the improving interest rate environment, strong backlog, and sales pipeline indicate a momentum shift in the marketplace that is expected to continue into 2025 [3]. Company Structure - Star Equity Holdings operates through two divisions: Building Solutions and Investments [4]. - The Building Solutions division includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5]. - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [6].
KBS Builders Wins $2.1 Million Contract For Multifamily Construction Project in Vermont