Warren Buffett to Offer a New Spin on Modular Construction

A startup owned by Berkshire Hathaway aims to make the construction industry more like car manufacturing

How the Pandemic Made Lumber America's Hottest Commodity

How the Pandemic Made Lumber America’s Hottest Commodity
Demand for lumber has skyrocketed during the pandemic, sending prices to all-time highs. This video explains what’s driving the lumber boom, who’s profiting, and why those growing the trees aren’t reaping the benefits. Illustration: Liz Ornitz/WSJ

A startup owned by Warren Buffett’s Berkshire Hathaway Inc. aims to shake up the construction industry by making it more like car manufacturing.

MiTek Inc., a Missouri-based construction-technology company, is launching a new modular building venture with New York City-based architect Danny Forster & Architecture. The company plans to build entire rooms for hotels and apartment buildings in factories, and then send them to a construction site to be stacked on top of each other.

MiTek has more than 6,000 employees and sells building components, construction software and services like engineering. The company said it is investing tens of millions of dollars in the modular venture, and plans to start working on its first projects early next year.

Source:  https://www.wsj.com/articles/warren-buffett-to-offer-a-new-spin-on-modular-construction-11621339201

Join The Discussion

Compare listings

Compare