Multifamily Demand Presents Opportunity For Modular Homes

May 4, 2017

The share of permits for multifamily residences has steadily risen from 21 percent in 1991 to 41 percent in 2015. Andrew Weinreich, a contributor to Forbes, writes that the increased need for multifamily housing presents an opportunity for developers.

A few companies in New York City are offering modular homes, which are units that are built in a factory and shipped in-tact to the job site, where they are stacked and assembled.

Forest City Ratner, led by real estate developer Bruce Ratner, has made a considerable effort to get into modular housing. The company bought 21 acres of land in Brooklyn and has plans for 6,430 apartments.

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PB-Innovations,PB-Modular homes,PB-Multi-Family
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