As populations around the world continue to grow, a recurring theme is the need for housing.
More directly, many nations have declared a “housing crisis” and are looking for solutions.
One of the nations where the need is most pronounced is the U.K., where a report by Cast CEO Mark Farmer entitled; “The Farmer Review of the U.K. Construction Model” cited that labor shortages mean that new homes cannot be built fast enough, and studies commissioned by the U.K. Government have determined that the country will need an additional one million homes by 2020.
Tim Western of property giant JLL believes that modular and prefab is the solution.
“There is likely to be a seismic shift in how and where we live and work by 2030,” said Western.
“Homes manufactured like cars, in other words off-site in a factory, with the opportunity to pick and choose what goes into a basic structure, will bring ‘car quality’ to the market.”
The entire story is on MHLivingNews, linked here. ##
(Image credits are as shown above.)
Submitted by RC Williams to the Daily Business News for MHProNews.