Paul Micarsos’ Post

🏘️ Modular homes: the future of construction? Greystar Real Estate Partners, one of America’s largest apartment owners, is diving headfirst into modular construction, and it’s a move that could shake up the industry. 🚀 This shift promises faster project timelines and potential cost savings—all while addressing the ever-growing demand for affordable housing. As someone who’s passionate about innovation in construction and building practices, this story highlights how modular construction could redefine scalability and efficiency. It's exciting to see such a significant player embrace this approach, and it leaves me wondering: Could this be the tipping point for modular to go mainstream? Check out the article from The Wall Street Journal. https://lnkd.in/e4_UV5Xh #Construction #Innovation #ModularHousing #FutureOfBuilding

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

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.

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.

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

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.

Built to last or should we look towards the past? Exploring the durability of new-build homes. It’s no secret that the reputation of new-build housing is increasingly negative among UK residents. They have become synonymous with poor quality, prone to fast wear and tear, and are proving to have less staying power than their older counterparts. In fact, a 2023 study by The Chartered Institute of Building (CIOB) found that almost a third of people would describe new build housing as ‘poor-quality’, with over half of the respondents believing that older homes are of better quality. Check out the full story 👉 https://zurl.co/JnIm (Building Design & Construction - BDC) #offsite #modular #mmc #construction

Modular housing, historically a niche in the U.S. market, is gaining momentum as developers explore its potential to combat rising costs and labor shortages in construction. Greystar Real Estate Partners, the nation’s largest apartment operator, is embracing modular construction with the debut of “Ltd. Findlay,” a six-building, 312-apartment complex in Coraopolis, Pennsylvania. This project, complete with amenities like a gym and amphitheater, is Greystar's first modular development in the U.S., built at its new factory in Knox, Pennsylvania. The company has six more modular projects in the pipeline. Modular construction involves assembling housing units in a factory and transporting them to the site for final assembly, offering faster timelines, reduced labor requirements, and cost savings through bulk materials purchasing. Despite challenges like transport costs and regulatory hurdles, its market share in construction has tripled from 2015 to 2023, reaching 6.6%, according to the Modular Building Institute. Mainstream adoption is increasing, with companies like Related, Amherst, and Marriott experimenting with modular projects. Global modular construction revenues are projected to rise from $180 billion in 2022 to $1.1 trillion by 2040, per McKinsey. Rising material and labor costs, combined with workforce constraints, are driving interest in modular as a cost-efficient alternative to traditional methods, though it still faces external pressures like tariffs and immigration policies. Read the full article: