Today, April 16, 2018, ModSpace announced plans to open a new facility in Tooele, Utah to expand its refurbishing and manufacturing capabilities in the United States. The new facility will allow ModSpace to better serve customers by leveraging existing manufacturing partners combined with end-to-end in-house design, manufacturing and installation capabilities.
The New Year is fast approaching and economists and construction firms alike are looking forward to see what kind of opportunities 2018 will hold. The 2018 Construction Industry Outlook by Dodge Data and Analytics released this morning predicts builders will see moderate growth at just 3 percent over the previous year for a total of $765 billion.
The AIA agrees. Data crunchers at the American Institute of Architects compiled 2018 forecasts from Dodge, IHS, Moody’s and ConstructConnect, to name a few. Together, the industry experts are in consensus that non-residential construction will expand between 3.5 and 4.8 percent, depending on the specific construction segment, in the next year.
While conservative, the promise of another year of growth is still a welcomed change versus the massive decline and resulting recessing a decade ago. The complete report from Dodge can be found here.
Clark Construction and Mortenson Construction have teamed up to build the new Chase Center arena in the Mission Bay neighborhood of San Francisco. The two construction firms chose ModSpace to provide their on-site mobile offices. Here a ModSpace mobile office is lifted seven stories to a nearby rooftop where the project management office will reside for the next 28 months.
Construction starts will increase by 5 percent over 2016 to $713 Billion, according to Dodge Data & Analytics 2017 Construction Outlook. That’s all well and good, but the Dodge forecast was released in October 2016, before Donald Trump won the election. Now, with a Republican majority in the U.S. Congress and President Trump in the White House, many are wondering how the construction industry will be affected in 2017 and beyond.
President Trump has announced plans to address two key areas that will certainly affect construction: infrastructure and real estate.
Growing Infrastructure Opportunities
“We will rebuild our infrastructure, which will become second to none,” said President Trump in his election night victory speech. He echoed this sentiment in his inaugural address. “We will build new roads, and highways, and [Read more…] about How Could President Trump Affect Construction in 2017 and Beyond?
Modular construction is widely accepted as a faster path to occupancy. It’s also a more flexible building option, with the ability to add, remove and reuse modules to accommodate changing needs. While these qualities make it an attractive option for builders and owners, the building style was once stigmatized as low quality and “boxy”. No longer true. New modular building techniques deliver exceptional quality and architects are embracing it as a means of building attractive, even dramatic buildings for a variety of needs. Here are a few recently completed modular projects that are turning heads.
300-square-foot micro apartments in New York City.
Emergency medical center in Jacksonville, FL.
Formerly known as Atlantic Yards, Pacific Park is a 32-story mixed-used commercial and residential space in Brooklyn, NY.
NY Red Bulls MLS Training Facility
Major League Soccer training facility in Hanover, NJ.
Haley VI Research Station
World’s first fully relocatable modular research station currently in Antarctica.
Mini Sky City
57-story mixed use building completed in 19 days in Changsha, China.
Modular buildings can be used and reused for almost any temporary or permanent need, from administrative offices to hospitality suites to remote medical facilities. Small modular facilities can be operational in days, while larger modular structures are commonly ready in a few weeks, and for less than building new. Watch this brief video to learn why businesses choose used modular buildings to add space quickly.