Modular construction has been touted as a way for the construction industry to overcome the challenges of a dwindling skilled labor force while also producing high-quality building components efficiently. It allows for an assembly-line approach to construction, with factory workers becoming experts at putting together their particular piece of a project.
Despite the benefits, including much faster turnaround times, Chief Financial Officers have had trouble securing financing because of lenders’ unfamiliarity with it. But that’s changing.
