What if the U.S. could rapidly tackle the housing shortage crisis, revolutionize the construction industry, and create new types of jobs all at the same time? That’s the potential held by the prefabricated home industry, which is currently experiencing a resurgence due to soaring housing demand and labor shortages in traditional construction.
Companies like Cover in Los Angeles are leading the charge, leveraging software and robotics to construct nearly every component of their homes in factories, before assembling them on-site in a fraction of the time it takes to build a traditional home.
Despite challenges with installation precision and financing hurdles, prefab construction represents a safer, more reliable employment alternative to conventional construction. The industry's growth potential is immense, with the global market for prefabricated buildings projected to reach $153.7 billion by 2026.
What if the U.S. could rapidly tackle the housing shortage crisis, revolutionize the...