Top 10 Reasons Modular Housing is the Future

Top 10 Reasons Modular Housing is the Future

  1. Costs. Cities globally are facing an affordable housing crisis. And with more of the population choosing city living, it is only going to get worse. It is estimated that generation Z will spend over 1/2 of their gross income during their first decade working on rent. Construction costs come down an estimated 20% when built inside a factory with a controlled environment and then installed.
  2. Speed. From start to move-in, your speed can be cut by up to 50%. And more importantly, the disruption to the neighborhood is kept to a minimum and often limited to days or just weeks.
  3. Safety. A factory controlled environment without weather or other unknown hazards is more predictable, and more safe than traditional construction on a job site.
  4. Quality and Precision. Repeated job functions and machinery in an indoor controlled environment leads to higher quality and better precision.
  5. Mobile. Not only can a modular unit be readily installed on-site, it can also be disconnected or unbolted and readily moved to another location.
  6. Design. Traditional tools and materials and methods lead to traditional designs. Modular delivers scalability with an enhanced ability for new and modern designs.
  7. Work Force. A standard home requires a local work force and supply chain to complete every step of the construction process. This relies on skilled craftsmen to be available for all steps to complete. Modular brings a predictable enhanced working atmosphere. This ensures a standard of safety, speed, and quality for every home.
  8. Sustainability. In just one year, construction and demolition debris accounted for more than twice the amount of generated municipal solid waste in the U.S. and is blamed for 34% of total waste. A modular process reduces this and creates minimal waste.
  9. Steel Frame. Structural steel frames with laser cutting and welding are much stronger and more precise than using traditional timber construction methods with hammers and nails.
  10. Urbanization. Between 1950 and 2018, we went from 30% to 55% of the world’s population living in cities. The next stage of urbanization will see us move to 68% by 2050. Modular is able to meet the city demands.

By Scott Huish

Scott Huish has directed technology driven companies in finance, agriculture, energy, construction, and real estate. Scott has completed advanced education at Oxford, Harvard, and London School of Economics and Political Science. 

References:

Curbed – https://www.curbed.com/2019/5/15/18617763/affordable-housing-policy-rent-real-estate-apartment

Demographics – https://www.visualcapitalist.com/8-ways-urban-demographics-changing/

Rubicon – https://www.rubiconglobal.com/blog/construction-demolition-waste-facts/

HomeGuide – https://homeguide.com/costs/home-addition-cost

JLL Spark – https://www.us.jll.com/en/trends-and-insights/research

Modular Building Institute – https://www.modular.org/HtmlPage.aspx?name=why_modular

Oxford – https://www.sbs.ox.ac.uk/news/property-tech-30-ground-breaking-report-looks-future-real-estate

McKinsey – https://www.mckinsey.com/industries/capital-projects-and-infrastructure/our-insights/modular-construction-from-projects-to-products

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