- 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 25% when built inside a factory with a controlled environment and then installed.
- 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.
- Safety. A factory controlled environment without weather or other unknown hazards is more predictable, and more safe than traditional construction on a job site.
- Quality and Precision. Repeated job functions and machinery in an indoor controlled environment leads to higher quality and better precision.
- 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.
- Design. Traditional tools and materials and methods lead to traditional designs. Modular delivers scalability with an enhanced ability for new and modern designs.
- 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.
- 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.
- 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.
- 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.
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
