From Belinda Carr.

Homes made in factories were supposed to save us from the housing crisis. Modular builders made lofty promises to build homes quickly, sustainably and efficiently while being budget-friendly. However, we have seen numerous prefab, offsite and modular builders file for bankruptcy recently like
Katerra, Veev and Modulous.

Mics I use: https://amzn.to/3mQ0VaQ
Shotgun mic I use: https://amzn.to/41AynAS
Camera I use: https://amzn.to/3UPqnd9
Lens I use: https://amzn.to/3mTEKR1

Thanks to our sponsor: Institute for Architectural Science and Technology

IAST Website : https://www.iast.uk
IAST Linkedin: https://www.linkedin.com/company/iast-uk
IAST YouTube: https://youtu.be/wwUUlSgEaHY?si=ATrTRoLaVJ2AtBNi

Please support me on Patreon if you can: https://www.patreon.com/Belinda_Carr
Video scripts and citations: www.carrbuilds.com
Podcast channel: www.youtube.com/BelindaCarrPodcast

Chapters
0:00 Introduction
0:55 Katerra
2:06 Other failed businesses
4:36 Inexperience
5:49 Decentralization
6:17 Long-term investment
6:55 Restrictive codes
7:26 Uniqueness
8:16 Sponsor
9:15 BotBuilt
10:13 Conclusion

———————
There are numerous reasons that contributed to their demise, but I’ve narrowed them down to five.
#1 inexperience: The sector is a harsh environment for innovation. Outsiders from the tech field who are unaware of the complexities of construction come in with ambitious plans to disrupt it but little of the expertise necessary to fill a niche in the market. This inexperience and arrogance lays the foundation for a company’s demise.

#2 decentralization: Construction is highly fragmented with numerous stakeholders involved in every project. This can make it difficult to implement new technologies that meet the needs of every company, supplier and type of construction.

#3 long-term investment: Many of the failed modular companies we reviewed raised money by using pre-order numbers and hypothetical projects that could be built 5 to 7 years down the line. They used that money to invest heavily in automation and robotics. Now, in reality, real estate developers are not obligated to fulfill those orders.

#4 restrictive codes: Government regulations, zoning laws and building codes often stand in the way of more factory-made homes. Construction companies operate on razor thin profit margins, especially when you account for the cost of expensive automation lines in a factory.

#5 uniqueness: A successful modular construction project is one that balances a logical, repetitive kit of parts with beauty and uniqueness both on exterior and interior.
———————
SOURCES:





———————
Disclaimer: The Amazon links in this description are affiliate links. I may earn a small commission for my endorsement or recommendation to products or services linked above, but I wouldn’t put them here if I didn’t like them! Your purchase helps support the channel and the video I product. Thank you!

This video was created for educational/informational purposes and qualifies as Fair Use. If you are the creator or own the footage featured in this video and have reservations please notify me via Youtube comments or email and I will accommodate you

#modular #construction #housingmarket #stockmarket #housingcrisis #architecture