The move to off-site construction is ongoing. The publication provides an interesting review of modular construction.
Modular construction is a technique whereby the bulk of the construction of a building is done off-site at a factory, and the components, called modules or simply boxes, are transported to the construction site and assembled. Modular construction has many potential benefits, including cost savings, shorter development timelines, and an overall safer and more efficient development process.
This is one approach of many needed to address the affordable housing supply crisis.
The modular construction market in the U.S. is not very big, but it is growing.
For 30 years, Fannie Mae Multifamily has served the secondary mortgage market as a reliable source of mortgage capital in every market, every day.
The U.S. Congress established the National Institute of Building Sciences (NIBS) in 1974 to bring the public and private sectors together to address building science and technologyrelated issues to improve the safety and performance of buildings.
In 2013, NIBS established the Off-Site Construction Council (OSCC) to serve as a research,
education, and outreach center for relevant and current information on off-site design and
construction for commercial, institutional, and multifamily facilities. Membership in the
OSCC is open to all members of NIBS.