Multi-Family Industry Benefits
Despite the pandemic-related downturn in 2020, the international multi-family modular and prefabricated housing construction industry is projected to grow from $38.5 billion in 2021 to $41 billion in 2022.1 So what’s contributing to this swift growth? While labor shortages are a key issue driving this change, there are two positive forces catapulting prefabricated multi-family residential developments: government incentives to ensure housing affordability and to bolster sustainable buildings and wastage reduction.1&2
Capsule is ahead of this upward trend. We specialize in multi-family residential developments with repeatable floor plans and high unit counts. During large construction projects like these, expensive cost-per-square-foot kitchens and restrooms can become a choke point. Timelines and scheduling, along with effective quality control, can be overwhelming across hundreds of units—not to mention the coordination of multi-trade crews. According to a report by McKinsey & Company, modular structures can expedite construction by as much as 50% and reduce costs by up to 20%.2 That has an immense effect on your bottom line!
In addition, modular design keeps sustainability top of mind with the use of recycled materials, tight building envelopes, and waste reduction.2 With Capsule’s thoughtful and beautiful design, you don’t have to worry about sacrificing form for function. We streamline the production of residential development by handling design, manufacturing, and installation in-house. We create one expert configuration, ready to go for every unit. The cost, scheduling, and quality benefits of our process cannot be overstated.
By going with Capsule, developers are able to begin prep and sequencing earlier, knowing that the utility-dense areas of their project are being constructed off-site and will be delivered and installed as soon as the site is ready.