by Freedonia Industry Studies
May 19, 2020
Among the effects of the COVID-19 pandemic on the US housing market is an expected drop in multifamily housing construction, particularly of apartment and condominium complexes in the nation’s urban centers due to such factors as:
This dropoff in multifamily housing construction could be especially severe for those active in building housing units for low- and middle-income families. As the US already faces a shortage of affording housing, any fallback in the building of these units could be especially dire.
However, one potential bright spot is the nation’s prefabricated housing industry, which can provide the moderately priced housing units increasingly in short supply across the US. These residences include:
For more information about the US prefabricated housing industry, see the Freedonia Group’s recently published study, Prefabricated Housing.