MODULAR MARKET: INDIANAPOLIS COMPANY SEES SIGNIFICANT OPPORTUNITY IN AFFORDABLE HOUSING
A 2-year-old company on the east side has its sights set on tackling central Indiana's affordable housing problem through modular construction.
MORE FROM THE INDIANAPOLIS BUSINESS JOURNAL
RE-ENTRY PROGRAM PROVIDES HOPE TO THE FAR EASTSIDE AND BEYOND
DEMAND FOR PREFABRICATED APARTMENTS CLIMBS AS COSTS BALLOON FOR MULTIFAMILY DEVELOPMENT
Construction of prefabricated homes is ramping up and providing an alternative to traditional multifamily, where the construction process has slowed because of rising costs and supply-chain delays...
MORE FROM THE WALL STREET JOURNAL
WELCOME TO PREFAB'S MOMENT
The COVID-19 pandemic has turned our world upside down, shifted priorities, and helped push forward many ideas that were once considered “alternative.” Prefabricated building is no exception. As people rush to build larger homes, second homes, or additions to existing homes, demand is spiking for what are often considered faster, cheaper, more flexible, and more predictable building methods...MORE FROM ARCHITECTURAL DIGEST
THE FUTURE OF MODULAR AFFORDABLE HOUSING
The need for new apartment units is increasing in the Northeast and across the nation. High construction costs, however, present a major barrier to creating enough affordable housing supply. Modular homes have the potential to reduce construction timelines and costs, making them ideal for affordable housing solutions. These buildings have caught on in Japan, Scandinavia and other parts of the world, but not in the U.S. What’s holding us back? MORE FROM JP MORGAN CHASE
IS MODULAR CONSTRUCTION THE FUTURE OF MULTIFAMILY HOUSING?
If you didn't know anything about its history, the building at 193 Henry Street on Manhattan's Lower East Side may seem like your average new luxury condo on the block. However, there is something quite unique about how it was built that just might spark a trend in the city. As first reported by Curbed earlier this month, the six-story building named Idylls recently topped out, becoming the first luxury condo in Manhattan to be built using modular construction....MORE FROM COOPERATOR NEWS
MULTIFAMILY MODULAR CONSTRUCTION TOOLKIT
The high cost of developing multifamily housing is a major contributor to the nation’s affordable housing supply crisis. To try and resolve the lack of affordable housing, various cost drivers throughout the life cycle of a housing development — from pre-development planning and land purchase, to the construction phase, to projected operating expenses — are being re-evaluated to find opportunities for both time and cost savings.
DOWNLOAD TOOLKIT FROM FANNIE MAE
ONE OF THE LARGEST MODULAR MULTIFAMILY PROJECTS SELLS
OneFive Capital, a Philadelphia-based real estate company, has purchased one of the country’s largest modular multifamily buildings “Next LVL,” a Class A, 281-unit building in the University City neighborhood of Philadelphia for $88 million. OneFive plans to rebrand the development as “SOLO on Chestnut“...
MORE FROM REAL ESTATE WEEKLY
$114 BILLION IN MODULAR CONSTRUCTION PREDICTED
Modular multifamily construction—where construction happens primarily off-site—is growing rapidly. One forecast shows that modular construction generally will be a USD $114.78 billion industry by 2028, with a compound annual growth rate (CAGR) of 6.1% between 2021-2028. In 2020 the modular construction industry was valued at $72.11 billion. Another estimate states that this industry will grow faster, to $160 billion by 2023...
MORE FROM SWIFTLANE