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The Hurdles to Financing Modular Development

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dc.contributor.authorFeutz, Daniel
dc.date.accessioned2020-09-04T20:02:54Z
dc.date.available2020-09-04T20:02:54Z
dc.date.issued2019-04-25
dc.description.abstractRevenues from the permanent modular construction (PMC) sector jumped 62% in one year to reach $3.3 billion in 2016 and its quick growth has not gone unnoticed. The industry has attracted investment from sources such as Soft Bank’s Vision Fund and Amazon’s Alexa Fund, an indication of the perceived feasibility of modular building that is further illustrated in PMC’s growing market share that increased 37% from 2014 to 2017 (Bousquin, 2019). Rising construction costs, tight labor markets, and an unprecedented demand for housing have pushed modular construction towards being one of the disruptors of an industry that has suffered a decline in productivity since the 1990’s (Changlie, 2015). However, early adopters of modular still face hurdles, especially when searching for institutional sources of capital to finance their projects.
dc.description.legacydownloads20_The_Hurdles_to_Financing_Modular_Development.pdf: 666 downloads, before Aug. 1, 2020.
dc.identifier.other14357466
dc.identifier.urihttps://hdl.handle.net/1813/70843
dc.language.isoen_US
dc.relation.ispartofseriesCornell Real Estate Review
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectCornell
dc.subjectBaker
dc.subjectModular Construction
dc.subjectAffordable Housing
dc.subjectLIHTC
dc.subjectLow Income Housing
dc.subjectFinancing
dc.subjectBanks
dc.titleThe Hurdles to Financing Modular Development
dc.typearticle
local.authorAffiliationFeutz, Daniel: Cornell University
schema.issueNumberVol. 17

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CRER Vol. 17 (2019)