The mechanics of the homebuilding industry haven't changed much since the middle of the last century. What has changed, though, is its labor productivity — and not for the better. These days, building a home takes almost twice as long as it did just a few decades ago. Those slowdowns are only adding to the nationwide affordable housing crisis.
Modular housing, or the process of manufacturing the components of a home in a factory and then assembling it onsite in as little as a few hours, could possibly solve the homebuilding industry's productivity problem. The idea's been around for decades, but as firms look to minimize their labor costs and carbon footprints, it's catching on for good. Today, TIME Senior Economics Correspondent Alana Semuels joins us to talk about how modular housing is shaping up to be the future of the residential construction industry.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
2024-12-25 21:261490 view
2024-12-25 21:18998 view
2024-12-25 21:09539 view
2024-12-25 21:071280 view
2024-12-25 20:19752 view
2024-12-25 20:08116 view
NEW YORK (AP) — Woody Allen‘s former personal chef claims in a lawsuit that the filmmaker and his wi
BERLIN (AP) — Christian Thielemann has been chosen as the new general music director of Berlin’s Sta
This episode was originally published on November 14, 2022 This week, Ford announced it was pausin