flexiblefullpage - default
Currently Reading

The Multifamily Sector Is Going Modular as Rental Demand Surges

Advertisement
billboard - default
Off-Site Construction

The Multifamily Sector Is Going Modular as Rental Demand Surges

Multifamily developers are turning to offsite construction to complete projects faster, but time savings also come with a higher price tag


November 10, 2022
Modular units being installed by crane on a multifamily project
Image: Stock.adobe.com

Multifamily projects are the fastest growing segment in the modular construction industry, taking up 23% of the commercial modular output last year, according to ConstructionDive. As demand surges in the rental market, developers are turning to offsite construction to speed up their housing production, but increased time savings doesn’t always amount to cost savings as well.

Ernesto Lopes, CEO and president of Miami-based developer Resia, is relying on prefab to deliver moderately priced new housing without government subsidies in South Florida, Atlanta and Texas, and while his building process saves an average two and a half months of construction time, it also costs about 3% to 5% more than traditional construction.

Resia plans to build a 200,000-square-foot pod manufacturing facility in Panama City Beach, Florida, to produce about 20,000 pods a year, said Lopes. He expects the facility to start operations in 2024, and aims to deliver 8,000 new apartments in the Sun Belt annually by 2025.

Read more

Related Stories

Show Village

A Look at Housing's Future: It Takes a (Show) Village

Pro Builder Show Village at the 2023 International Builders’ Show enables attendees to experience the future of housing firsthand

Off-Site Construction

Can Off-Site Construction Resolve a Housing Affordability Crisis?

Modular builders say the benefits of factory-built construction are tenfold: lower costs, faster turnaround, greater precision, etc. But why is it taking so long to catch on?

Innovation

Digitalization's Effect on Housing Design and Construction

Digitalization has the potential to significantly change how housing is designed and built, which could reduce the cost of producing homes

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.