Sunday, November 15, 2020

British Modular Housing Market Suffers 20% Virus Hit

The productivity of modular housebuilding has been reduced during the pandemic, with reductions in contractor output much like those seen in conventional construction, according to a new report from analysts at AMA Research.

The firm has forecast that overall output among panelised modular building contractors will have fallen 20 per cent below 2019 levels by the end of this year. It added that the total market for this type of offsite construction was worth £753m in 2019, but that the impact of the virus meant the overall market value will drop 15 per cent to £636m in 2020.

However, the report also forecast that all types of offsite construction are likely to return to full output more quickly than conventional sites, arguing that factory settings are better suited to safety measures such as social distancing. It forecast that the panelized modular market would return to growth in 2021 and surpass £700m in value again in 2022.

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