Despite skyrocketing costs in traditional construction, advances in construction technology has been relatively muted for several decades compared to other crucial sectors. However, the current moment shows evidence for both progress in existing approaches, as well as increasing diversity of nascent strategies attempting to “industrialize” the production of buildings.
In this whitepaper, we help the reader make sense of this evolving landscape, tracing the current state of “new best practice,” and the most likely trajectory future construction will take as both new technologies and business organizations form.
A few key takeaways
| – | Conventional “modular” construction techniques will continue growing and improving, but their fundamental limits remain. |
| – | The current moment is one of rapidly proliferating tech solutions across all aspects of the development process—any one of which could prove to be either a dominant industry standard or else defunct within a few years. |
| – | Building technology will provide a competitive edge for individual firms or strategies, but will not solve housing affordability alone. |
About Virtus
Virtus Real Estate Capital, founded in 2003, is a hands-on, data-driven, curious investor that delivers compelling outcomes from cycle-resilient investments for all stakeholders. Through thoughtful evolution and resilience in challenging times, Virtus has purposefully worked to foster thriving communities that empower people to live better lives. Over the last 18 years, it has acquired 255 properties for a combined acquisition value of over $4.7 billion, and has fully realized 181 property investments. With a strong and established track record, Virtus has proven to be successful in all phases of the market cycle.