Technological affordability is relevant in the context of housing especially with the seemingly myriad problems that many countries are facing today. A conservative figure from United Nations shows that about 880 million people are living in slums worldwide. The superficial picture of that figure does not stop there. With the current trends, today’s number of people living in slums can rise to over two billion by 2050.
These figures can already look very daunting and impossible to curb. Making this narrative worse is further discussion on the rough population of some city count of slum population. In India, for instance, real numbers from community-based surveys turned out to be so much higher than estimates.
The magnitude of the problem cannot further be overstated, and different sectors are already warming the arena of combatting the challenges, and developers, for sure, are part of this. With many construction technologies being developed today, one of the areas gaining attention is low-cost housing.
Developers, depending on their location, can surely enumerate their own innovations and technologies given their expertise in the field. People who are into the industry of construction can actually look up the specific technologies in different references like websites of developers or even universities. For instance, one buzzword when it comes to construction for affordable housing is precast technology.
If the technology is deemed to be appropriate to the geographical location and the type of construction, developers resort to precast for its cost-effectiveness. Aside from this, precast concrete is also said to be versatile. Other references on precast also speak of the time efficiency gained in using the construction technology. Indeed, this advantage makes the technology more attractive to developers because timely accomplishment of properties is a crucial goal for them.
Making innovative technologies come to life does not end the role of developers in the story, especially in the tale of combatting housing issues. One way to make the construction technology narrative more meaningful is to use them in offering more affordable housing options like rental housing. Some experts believe that rental housing can be one solution to housing crisis today. Daniel Greenhalgh, one of the co-founders of ENM Construction Management in Canada, also shares the same opinion. He said that rental housing has always been his interest. Consequently, one of his visions for ENM is to be a one-stop shop for rental housing.
Such solution, indeed, could be relevant in Canada especially because its government is considering the increase in rental units’ supply as one of their solutions to their housing crisis. Some other countries have already started the wave of rental housing. The practice of building purpose-built blocks for rental is common in U.S., Germany, and France.
With the magnitude of housing problems presented not only here but in other references that readers might encounter, linking construction technologies with the dynamics of how the housing market works is very crucial especially for the part of the developers. It is high time that they stop doing business as usual and start thinking of the ways to give people more options for affordable housing.