Posted To: MND NewsWire

While housing starts have picked up in recent months, the lack of new construction has been called a crisis by Freddie Mac , state and federal policymakers, and consumer groups, adding as it has to an overall shortage of housing for both sale and rent. Urban Institute (UI) analyst John Walsh recently wrote in UI’s Urban Wire blog that one problem with 21 st Century homebuilding is that it still employs 20 th Century processes. These methods, that entail building largely on-site, make construction less efficient, exacerbate labor and weather issues, and are costlier than building off-site. Walsh quotes information gathered at a recent UI symposium “Reimagining Housing; Closing the Equity and Supply Gaps” which examined the benefits of and challenges to an increased use of off-site construction…(read more)

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Source: Mortgage News Daily