by Freedonia Industry Studies
August 11, 2020
A recent article highlighted a number of ways that home builders and residential contractors can use technology to speed up construction processes while also working to ensure worker safety. Noting that the US faces a shortage of affordable housing – and a looming shortage of the tradespeople needed to erect these homes – the report indicated that, by increasing the use of factory-built components, builders could achieve the goals of more rapid home construction with less waste and risk of COVID-19 transmission.
Key benefits include:
Going forward, it is anticipated that these trends will continue and builders will look for ways to further reduce the amount of time and labor needed at job sites, such as by:
For more information and discussion of opportunities, see The Freedonia Group’s extensive collection of off-the-shelf research, particularly in the Construction and Building Products. Freedonia also offers an expanding catalog of COVID-19 Economic Impact reports, which highlight how various industries are responding to the current crisis with a comparison to recent recessions. Freedonia Custom Research is also available for questions requiring tailored market intelligence.