WALSALL, UK — A loss-making Midlands offsite timber frame housing factory is to close after its owner GreenSquareAccord (GSA) failed to find a buyer for the operation. LoCaL Homes’ impending closure is the latest in a string of offsite company failures in the past few years, as poor housing market conditions and high costs impact the sector. The LoCaL factory has the capacity to manufacture 1,000 units annually, offering 140mm or 195mm closed Eco panel timber frame systems, with an on-site installation service, using Structural Timber Association approved installers. …“While this is disappointing news, it is a necessary decision in the circumstances. As previously outlined, LoCaL Homes has been operating at a loss, and we cannot continue to subsidise this. …GSA is an affordable homes and services provider that owns and manages 25,000 homes in diverse communities across the West Midlands and Southwest.