Vantem’s 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

Another great example of the wins captured through strategic investments in alternative building methods. This 312 unit apartment six building complex was roughly 10% cheaper for Greystar to build relative to a traditional multifamily project delivered in nearby #Pittsburgh and was built roughly 40% faster than their traditional projects. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste. Modern Living Solutions Modular Building Institute Housing Innovation Alliance, LLC https://lnkd.in/gm6JFxJf

America’s Biggest Apartment Owner Takes a Leap Into Modular Homes: "Ltd. Findlay is the first property developed at Greystar’s modular factory in Knox, Pa ...Ltd. Findlay was built roughly 40% faster than Greystar’s traditional projects, Mest said. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste." https://lnkd.in/ed5FRdyh

Greystar, the largest apartment operator in the U.S., is entering the modular housing market. The company has launched its first U.S. modular project, Ltd. Findlay, a six-building apartment complex in Pennsylvania, making it one of the largest multifamily modular projects in the U.S. Modular construction involves pre-assembling units in a factory, before transporting and stacking them at a building site. The method offers advantages such as faster construction and lower waste production. Click here to read more in The Wall Street Journal: https://lnkd.in/e6VkQCYQ

Modular housing development — building homes in off-site factories — has long been a fringe part of the U.S. market. Now, America's biggest apartment owner is trying to change that. Greystar is opening a six-building modular apartment complex, its first U.S. project assembled using this alternative construction method. “We’ve seen modular as a choice. I think we’re past beyond that,” McKinsey senior partner Jose Luis Blanco tells me. “It’s just a pure necessity.” I'm back on the housing beat at WSJ. Read my first story here: https://lnkd.in/ez3jrjnA

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. 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.

Modular done at scale offers an opportunity to really benefit from the efficiencies of offsite manufacturing by ‘keeping the plant running’. Good article and great to see the continued adoption of modular approaches.

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