Home Prices Up 50%—Is Modular Housing the Missing Fix?

With home prices up over 50% since the pandemic, housing prices have affected nearly all income levels. First-time buyers are aged 40 (all-time high). Over 50 years ago, HUD Secretary George Romney (Mitt Romney’s father) pioneered factory-built modular housing with the goal of mass-producing affordable homes to tackle shortages and rising costs. However, the concept never took off in the US primarily due to local regulations. The article argues for federal incentives to push cities to build more, while modernizing construction techniques and updating codes to realize savings and efficiency. Tell us your thoughts—could modular housing be one solution to America’s housing crisis?