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 | May 20, 2020
St. Louis is first Midwest city to pass building energy performance standard
Allows owners broad flexibility on how to achieve goals.
Codes and Standards | May 20, 2020
Supreme Court says Georgia cannot copyright its entire official code
Ruling may have implications for other states claiming copyright for building codes.
Codes and Standards | May 18, 2020
Strategies to reduce personal contact in multifamily properties
Design can improve health amid COVID-19 pandemic.
Codes and Standards | May 18, 2020
Canada Green Building Council says building industry lacks zero-carbon skills, knowledge
Net-zero target requires shift in thinking and practices.
Codes and Standards | May 18, 2020
California’s grid can support all-electric buildings
Load-shifting will help reduce peak demand.
Codes and Standards | May 15, 2020
European cities to revamp transportation after pandemic reopening
Road closures, new rules for public transit will be imposed.
Codes and Standards | May 14, 2020
Washington State construction industry restart plan has three phases
In state with earliest COVID-19 cases, advisory group developing priorities based on risk.
Codes and Standards | May 14, 2020
More mass timber beam and column options available in the U.S.
Freres Lumber unveils new line of structural elements suitable for high-rise buildings.
Codes and Standards | May 13, 2020
Researchers flag insufficient training for construction workers on healthcare projects
May contribute to fungal disease outbreaks that endanger patients
Codes and Standards | May 8, 2020
New NIBS report evaluates natural disaster mitigation strategies
Document examines strengthening buildings for flood, wind, wildfires, and earthquakes.
