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2024 Year in Review and 2025 Trends: Insights from Tom Hardiman, Executive Director of the Modular Building Institute
Manage episode 453479350 series 3466251
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In a comprehensive interview on the "Built Modular" podcast, Tom Hardiman, the Executive Director of the Modular Building Institute, joined host Michelle Dawn Mooney for an in-depth analysis of the state of modular construction in 2024 and the trends that could shape the industry in 2025.
Tom shed light on the remarkable growth of modular construction. He highlighted the industry's tripling market share over the last seven years and the strong demand from different sectors. He emphasized the substantial increase in modular construction use in healthcare, education, and housing—sectors pushed by a skills shortage in the construction industry and the critical need for affordable housing.
Looking ahead, Tom predicts increased production of modular buildings in various segments, including hospitality, education, healthcare, and especially multifamily homes. With the illustrious benefits of modular construction—speed, efficiency, and sustainability—he believes it's an invaluable tool to mitigate the housing shortage issue.
Despite its glowing potential, the modular construction industry has challenges to overcome. Regulatory barriers and outdated construction ideologies are among the major hurdles. Nevertheless, the reward looks promising—a brighter, more sustainable future marked by reduced construction waste and increased building efficiency.
Tom envisions this future as attainable, especially if governments and builders fully embrace the potential of off-site and modular constructions. He sees it as an opportunity to streamline construction processes, spur regional economic growth, and provide affordable, quality housing.
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