The housing shortage in some parts of the country has gotten so acute that a new approach such as modular construction may be the only way to alleviate the problem.
The recession of the late 2000s caused many builders to close shop and the industry still hasn’t fully recovered. Today new apartment and housing construction sits at a little over half the pace of the 2006 peak.
The number of residential construction workers is down 23% from 2006. Skilled trades like plumbers, carpenters, and electricians are down close to 17%. As a result, labor costs have risen about 5% a year for the past three years.
Prefabrication, which is a more efficient way to build, may be the best hope to quickly build affordable housing, some industry insiders believe. Newer companies constructing housing using prefab techniques are focusing on condominiums and apartments today.
Related Stories
Codes and Standards | Sep 21, 2018
More than 130 organizations petition OSHA to create heat protection standard for workers
Includes mandatory rest breaks, heat-exposure monitoring, record-keeping injury requirement.
Codes and Standards | Sep 20, 2018
North Carolina law banning use of recent climate science could worsen Hurricane Florence impact
Policies may have undermined ability to make coastal regions more resilient.
Codes and Standards | Sep 19, 2018
AIA endorses building owner participation in cap-and-trade programs
Would spur more energy conservation in buildings and cut carbon emissions.
Codes and Standards | Sep 18, 2018
ConsensusDocs Coalition publishes new Lean Addendum
Industry-first document to facilitate lean tools without need to sign multi-party IPD agreement.
Codes and Standards | Sep 14, 2018
IAPMO seeks comments on proposals for 2021 plumbing and mechanical codes
Deadline is Jan. 3, 2019.
Codes and Standards | Sep 13, 2018
As ICC prepares to vote on codes for tall wood buildings, opposition is still strong
Influential body will vote in October on new provisions to allow 18-story wood-framed structures.
Codes and Standards | Sep 12, 2018
Saltwater incursion into Miami’s aquifer may make city uninhabitable later this century
Rising sea levels likely to claim drinking water before land is under water.
Codes and Standards | Sep 11, 2018
Smart Surfaces Coalition will help cities reduce urban heat island effect
Surfaces can reflect away heat and help prevent flooding.
Codes and Standards | Sep 7, 2018
Certified Green Buildings may have an advantage in capital markets
Research supports financial case for certification.
Codes and Standards | Sep 7, 2018
NIST releases report outlining steps to bolster disaster resiliency
Offers immediate occupancy building codes and performance standards strategies.
