Can new home building tech help solve the affordability crisis?

As construction costs soar in cities, more and more companies and governments are imagining a different model: building off-site and then trucking fully constructed apartments in from the suburbs.

Inside a sprawling former submarine factory in Vallejo, California, workers are building individual apartments that will soon be delivered to a building site in West Oakland and stacked, Lego-like, into a new 110-unit complex next to a BART station

The startup, called FactoryOS, is one example of a growing number of companies that are trying to tackle the affordable housing crisis by fundamentally changing how we construct buildings.

“I decided about four years ago the only way we could really break this cost spiral up was to try to build as much of the house as possible in an industrialized fashion in an off-site situation,” says Rick Holliday, who opened the factory earlier this year after nearly 40 years in real estate development. Holliday, like other developers, had seen costs rise sharply in part because of a shortage of construction labor. The construction cost on a single affordable apartment in San Francisco reached around $800,000 last year. “This is insanity,” he says.

Real the full article from Fast Company HERE

 

By | 2019-01-04T11:11:13+00:00 December 19th, 2018|Weekly News Round-Up|