The impact of the Covid pandemic on the construction industry appears to be fueling demand for modular construction methods, especially in the western U.S. and Canada.
Several new suppliers of modular units have come online since 2019, and existing companies have been scaling up factory capacity. Modular offers benefits that can counteract challenges that were worsened by the pandemic.
For instance, bringing the task of ordering finishes, fixtures, and construction materials under one roof streamlines the supply chain, which grew tighter and became less predictable after the pandemic struck. Modular vendors that supply finished bathrooms and kitchens remove the burden of procuring many individual products from contractors and subcontractors.
Likewise, by completing the work of multiple subcontractors up front, they relieve the pressure on contractors to hire and schedule some of the work of various trades on site, thereby easing demand for labor.
Modular construction can also speed up construction schedules. There are some drawbacks, though, including the high cost of shipping.
Developers today use modular construction for many kinds of buildings, including supportive housing, hotels, resorts, apartments, detached homes, senior living facilities, office buildings, and factories.
Related Stories
Industrial Facilities | Jan 29, 2024
How big-ticket, government-funded investments in industrial developments are affecting private construction companies
Large sums of money remain in bank accounts for government-funded programs like the CHIPS Act, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act. But with opportunities come challenges.
Senior Living Design | Jan 24, 2024
Former Walgreens becomes affordable senior living community
Evergreen Real Estate Group has announced the completion of Bellwood Senior Apartments. The 80-unit senior living community at 542 25th Ave. in Bellwood, Ill., provides independent living options for low-income seniors.
AEC Tech | Jan 24, 2024
4 ways AEC firms can benefit from digital transformation
While going digital might seem like a playground solely for industry giants, the truth is that any company can benefit from the power of technology.
Giants 400 | Jan 23, 2024
Top 55 Parking Structure Construction Firms for 2023
PCL Construction Enterprises, Swinerton, Bomel Construction, McCarthy Holdings, and Alberici-Flintco top BD+C's ranking of the nation's largest parking structure general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Industry Research | Jan 23, 2024
Leading economists forecast 4% growth in construction spending for nonresidential buildings in 2024
Spending on nonresidential buildings will see a modest 4% increase in 2024, after increasing by more than 20% last year according to The American Institute of Architects’ latest Consensus Construction Forecast. The pace will slow to just over 1% growth in 2025, a marked difference from the strong performance in 2023.
Giants 400 | Jan 23, 2024
Top 70 Medical Office Building Construction Firms for 2023
PCL Construction Enterprises, Swinerton, Skanska USA, Clark Group, and Hensel Phelps top BD+C's ranking of the nation's largest medical office building general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Giants 400 | Jan 22, 2024
Top 60 Outpatient Facility Construction Firms for 2023
DPR Construction, PCL Construction Enterprises, The Whiting-Turner Contracting Company, Skanska USA, and Power Construction top BD+C's ranking of the nation's largest outpatient facility general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report. Note: This ranking includes construction revenue for work related to outpatient medical buildings, including cancer centers, heart centers, urgent care facilities, and other medical centers.
Construction Costs | Jan 22, 2024
Construction material prices continue to normalize despite ongoing challenges
Gordian’s most recent Quarterly Construction Cost Insights Report for Q4 2023 describes an industry still attempting to recover from the impact of COVID. This was complicated by inflation, weather, and geopolitical factors that resulted in widespread pricing adjustments throughout the construction materials industries.
Transit Facilities | Jan 22, 2024
Top 25 Transit Facility Construction Firms for 2023
The Walsh Group, Clark Group, Hensel Phelps, Skanska USA, and Hill International top BD+C's ranking of the nation's largest transit facility general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report. Note: This ranking includes construction revenue for work related to bus terminals, rail terminals, and transit stations.
Hotel Facilities | Jan 22, 2024
U.S. hotel construction is booming, with a record-high 5,964 projects in the pipeline
The hotel construction pipeline hit record project counts at Q4, with the addition of 260 projects and 21,287 rooms over last quarter, according to Lodging Econometrics.
