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Monday, October 31, 2016

Britain Considering $3.67 Billion for Prefab Modular Housing

Ministers could green light a new generation of prefabricated homes in a drive to solve Britain’s housing crisis it was claimed last night.

Housing and planning minister Gavin Barwell said: “Offsite construction could provide a huge opportunity to increase housing supply and we want to see more innovation like this emulated across the housebuilding sector.”

Thousands of pre-packed “modular” homes could be constructed as the Government looks at ways to meet its target to provide one million new homes by 2020.

Mr Barwell claimed that the government’s “£3 billion ($3.67 Billion US) Home Building Fund will help build more than 225,000 new homes and provide loans for small firms, custom builders, offsite construction and essential infrastructure, creating thousands of new jobs in the process.”

A Government white paper is due out next month and ministers are understood to be considering a range of prefab models made by modern materials and cutting edge manufacturing.

One source told the Telegraph: “The first and most obvious advantage is speeding up the building of housing. There is pretty good evidence that if you did it at scale it is cheaper.”

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