The Modular Building Institute's Annual Modular Construction Reports are Now Available

CHARLOTTESVILLE, Va., July 24, 2019 /PRNewswire-PRWeb/ -- The Modular Building Institute, the trusted source of information and voice of the commercial modular construction industry, released its Permanent Modular Construction and the Relocatable Building Reports. Driven largely by a growing lack of skilled labor and high housing costs, interests in modular construction has reached an all-time high among developers, architects, and contractors. With data obtained directly from modular building manufacturers, these reports include the most comprehensive and accurate data and analysis available about the North American commercial modular construction industry.

Permanent Modular Construction (PMC) is an innovative, sustainable construction delivery method utilizing offsite, lean manufacturing techniques to prefabricate single or multi-story whole building solutions in deliverable module sections. Overall market share for commercial modular construction increased from 3.27% in 2017 to 3.67% of all new construction starts in 2018. The Permanent Modular Construction Report includes:

• Regional production
• Key markets and market share
• Design considerations
• Market drivers
• Approval process
• FAQs and definitions

A Relocatable Building (RB) is a partially or completely assembled building that complies with applicable codes or state regulations and is constructed in a building manufacturing facility using a modular construction process. Relocatable buildings are designed to be reused or repurposed multiple times and transported to different building sites. Demand for relocatable buildings increased in 2018, as demonstrated by the 77.4% overall utilization rate, up slightly from 2017. The Relocatable Building Report includes:

• Key markets served
• Total number of industry owned buildings and utilization rate.
• Compliance guide for relocatable buildings

Both reports can be purchased for $500 at http://www.modular.org.

About the Modular Building Institute:

The Modular Building Institute (MBI) is the international non-profit trade association serving the commercial modular construction industry for over thirty-five years. As the Voice of Commercial Modular Constructiontm MBI promotes the advantages of modular construction while advocating for the removal of barriers that limit growth opportunities. Through its long-standing relationships with member companies, policy makers, developers, architects and contractors, MBI has become the trusted source of information for the commercial modular construction industry. For more information on MBI and World of Modular, please visit our website: http://modular.org/

SOURCE Modular Building Institute