Frank Kalman’s Post

Modular housing is a game-changer for the U.S. market, and it’s exciting to see industry leaders like Greystar embracing this innovative approach. Not only does it address delays common in traditional construction, but it also offers a more efficient way to manage resources, reducing waste and time. Additionally, modular construction is often more cost-effective, making high-quality housing more accessible. I am forecasting that this type of housing will expand globally in the near future—you’ll soon hear of homes being imported from the U.S. or other regions. However, this rapid expansion will present significant challenges for government housing approvals and standards, as existing regulations may need to evolve to accommodate this innovative and scalable construction method. #modularhousing #housinginnovation

Interesting to see one of the largest apartment owner's take a step toward into modular complexes. The rise of modular building and VDC in the AEC industry will be a key opportunity for firms to consider.

America's largest apartment owner venturing into modular homes highlights a significant shift in the housing industry. Modular construction offers a solution to rising costs and demand for faster, more efficient builds. After years of discussion and numerous failed attempts, advancements in technology and manufacturing may finally make modular housing economically viable. #RealEstate #Construction #HousingInnovation

It’s great to see the growth of modular construction and the success stories proving it’s not just a trend but a transformative method to reduce waste, cut costs, and address labor shortages—all while delivering high-quality homes faster. This momentum underscores the industry’s pivotal role in shaping the future of housing. Read more in the Wall Street Journal about one of the largest multifamily modular projects in the U.S., by Greystar: https://lnkd.in/gQjRGcGC

America's largest apartment operator, Greystar, just opened its first modular apartment complex -- and it's definitive proof of how an integrated modular approach like ours can deliver multifamily projects significantly faster and cheaper than conventional construction: What: ✅ Greystar's first modular apartment complex, a 312-unit development in Coraopolis, PA ✅ Modular design and modular fabrication at Greystar's Knox, PA factory Results: ✅ 40% faster construction than Greystar's traditionally-built projects ✅ 10% cheaper ✅ 90% less waste ✅ 2/3 less on-site labor required for finish work This integrated modular design, fabrication, and assembly is exactly what the Cloud Apartments platform provides -- with even greater cost savings ( 30!). Who's next? We're excited to partner! Mill Creek Residential Trust LLC Trammel Crow Residential Svcs Wood Partners Hines Related Companies Hillpointe Avalon Alliance Residential Company The Michaels Organization Core Spaces D.R. Horton - Multifamily The Garrett Companies Roers Companies Thompson Thrift SoLa Impact Woodfield Development Willow Bridge Property Company LDG Development, LLC The Bainbridge Companies Advantis Development Northwood Ravin JPI Toll Brothers Fairfield Residential Hawthorne Residential Partners Holland Partner Group OHT Partners, LLC Aventon Companies Evolve Companies cc: Curtis Wong Apoorva Pasricha Tim Connors Matthew Rapa Sara Torrelko #industrializedconstruction #multifamily #realestatedevelopment #modulardevelopment #prefabhomes #offsiteconstruction #innovationinconstruction #affordablehousing #urbandevelopment #workforcehousing #modularhomes

The nation's largest apartment operator is betting on modular housing. On Monday, Greystar Real Estate Partners debuted a 312-unit modular apartment complex near Pittsburgh — the first of a half-dozen planned developments. Modular homes are put together in a factory and stacked on top of each other on-site, making them faster and more cost-effective than traditional builds. Proponents say modular housing could be a neat solution to America's dwindling construction workforce and rising costs. Though some obstacles remain, the annual market share of modular construction more than tripled between 2015 and 2023, per one trade group.

The nation's largest apartment operator is betting on modular housing. Greystar Real Estate Partners has debuted a 312-unit modular apartment complex near Pittsburgh — the first of a half-dozen planned developments. Modular homes are put together in a factory and stacked on top of each other on-site, making them faster and more cost-effective than traditional builds. Proponents say modular housing could be a neat solution to America's dwindling construction workforce and rising costs. Though some obstacles remain, the annual market share of modular construction more than tripled between 2015 and 2023, per one trade group.

🏗️ Three key takeaways on Greystar's modular strategy from the Fifth Wall experts and Andrew Staniforth, CEO of portfolio company Assembly OSM: Fifth Wall Partner Greg Smithies: "In this new political and regulatory environment, we expect the cost of construction in general to increase. This new normal may be the realignment in costs that has long been required to shift the economic balance toward prefab and modular construction." Fifth Wall VP Francesca Whitehead: "Looking at Brexit as a comparison, the number of construction workers since Brexit has dropped by 40 percent. Considering the labor dynamics at play along with the expected immigration policies in the U.S., the industry will be pushed to try new construction methods like modular or prefab. Assembly OSM CEO Andrew Staniforth: "Here’s what’s really interesting. Greystar didn’t just use modular; they built their own modular factory. It’s the perfect example of how new technology needs to align with its customers. Now I'm not saying every developer should open their own facility... but in the early innings of industry adoption, it makes complete sense." #realestate #construction