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In a tough real estate market, a century-old housing idea could make a comeback - TL;DR CNBC

In a tough real estate market, a century-old housing idea could make a comeback

Publishing timestamp: 2023-12-22 11:15:49


Summary

The article discusses the potential rise in popularity of modular construction as new investors fund the concept. It highlights the appeal of modular homes to homebuyers and startups focused on sustainable and affordable housing. Modular construction is seen as a more efficient and sustainable method compared to traditional construction. The article also mentions the cost savings and quicker construction time associated with modular homes. However, it notes that modular construction is still relatively rare in the US, representing less than 4% of housing inventory.


Sentiment: POSITIVE

Tickers: BRK.BBRK.A

Keywords: real estatehousing policytechnologyhousingaffordable and low income housinghome salessustainable developmentberkshire hathaway incbusiness news

Source: https://www.cnbc.com/2023/12/22/in-tough-real-estate-market-a-century-old-home-idea-could-come-back.html


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