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Modular construction struggling
March 22, 2024

Challenges and Promises of Modular Housing in Global Construction

The concept of modular housing, employing pre-assembled components for quicker, more sustainable construction, is experiencing varied adoption rates globally. Despite its potential to address housing shortages efficiently, challenges such as financial investment in factories, market fluctuations, and conservative industry attitudes have hindered its growth in regions like the U.K. and U.S. However, countries like Sweden and Japan lead in prefabrication, demonstrating its viability. The sector faces setbacks but holds promise for addressing housing crises if obstacles can be overcome.

Read the article on cnbc.com


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