Europe

Governments have exhausted most quick solutions, and the construction industry is struggling to modernise. Modular construction, which prioritises factory-based building, could be part of the solution. The EU faces a shortfall of up to 10 million housing units, roughly 3.5 percent of total stock. Germany needs 400,000 new homes a year but is nowhere near hitting that target. France has 2.8 million households on social housing waiting lists. The Netherlands must build around 1 million homes by 2031. And across the bloc, actual construction is meeting only about half the required pace. Modular construction, where homes are built in factories…

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