by Robyn Friedman | Multi-Housing News

Modular building, in multifamily and elsewhere, continues to gain steam. The market share for permanent modular construction has more than tripled between 2015 and 2023. The figure shot up from 2.14 percent of starts in North America to 6.64 percent, according to the Modular Building Institute. And in 2023, multifamily took the largest share of the modular pie, at 20 percent, according to the MBI.