Prefab and Modular Housing Industry News

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Hurricane impact in the Caribbean and Hurricane-proof Homes

Oct 23, 2017
Hurricane Impact in the Caribbean Hurricanes are not a rare occurrence in Caribbean…
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African Countries Social Housing

Mar 14, 2015
Severe housing shortage exists across Africa, due to the lack of capacity, both in terms…
African Currency Devaluation

African Currency Devaluation

Sep 10, 2014
Many African countries are passing through some major currency upheavals. For example,…
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Business Development in Landlocked Countries

Jun 28, 2014
Landlocked developing countries bear an extra burden. Countries without a port pay more…
land-development

Land Development Business with Prefabricated Buildings

Oct 29, 2013
Land development refers to altering the landscape in any number of ways like changing…
Open House Events

Promoting your Business with Open House Events

Oct 16, 2013
The starting step or the best way forward for a person interested in the prefabricated…
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Housing Forecasts in Australia

Jun 11, 2013
Expectations for house price growth improved marginally in the final quarter of 2012 but…
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Housing Forecasts in USA

Jun 11, 2013
US property is continuing to show why it is an attractive investment opportunity,…
africa-housing-forecasts

Housing Forecasts in Africa

Jun 10, 2013
Economic growth has been singled out as being the key driver of change in Africa. With…
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Housing Forecast in China

Jun 09, 2013
After a brief slowdown in the first half last year, sales jumped 53% in March from a year…
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Housing Forecast in India

Jun 09, 2013
The year 2012 has been a challenging one for Indian economy. Although the 2011-12…
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Housing forecasts in Japan

Jun 08, 2013
Being a Japanese home owner has been a disappointing experience beginning in the late…
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Housing Forecasts in Europe

Jun 08, 2013
Optimism has returned to Europe's real estate industry. Sentiment among industry leaders…
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The world prefabricated housing market expected to reach 829,000 units by 2017

Jun 07, 2013
According to reports by Global Industry Analysts, Inc. (GIA), the world prefabricated…


 

Prefab Economy Notes 

Prefab homes have been around for decades and have revolutionized functional, affordable housing.

For its time, it has been incredibly cost efficient compared to the on-site building processes of today, which can exhaust more than 30% of building materials.

Prefab housing construction saves time because these homes are largely constructed off-site, the deconstruction of previous buildings and laying of the foundation can happen at the same time as much of the construction. This efficiency means that homes can be built in as few as three months. It would be rare to find a contractor able to put up a stick-built home in that time.

Some claim that prefab homes are cheaper than conventional homes and some don't. In any event, prefab homes have shorter construction times, reduced labor costs, less waste and potential savings from volume discounts that can pass on savings to the home buyer. They are also cheaper to build in remote areas and in areas with high labor costs.

The variable price of labor has a lot to do with fluctuating home building costs. In a boom economy, labor costs go up, which means that prefab's benefit of cheaper labor results in greater savings than in a poor economy, when contractors are willing to work for less.

It is important to note, however, the more complex the design and specs, the more money your home will cost you. Other factors to consider such as electricity, plumbing, duct-work are often not factored into the initial pricing, so your final cost may be 20% more than what the builder is quoting you. You may need to install a septic system, install natural gas or a basement, these too will add to your bottom line.

Rather than overload our landfills, however, contemporary architectural firms and design companies are rethinking what prefab means for today's waste-conscious and energy-savvy homebuyers. Many are combining traditional modular concepts with a customized approach, allowing clients to select a basic design and alter it according to their tastes.

DRM Investments LTD - Prefabricated Building Solutions

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