Cuby Technologies, Inc., a construction technology firm with headquarters in New York, is poised to change the way construction is done in the United States and around the world. While there are many “assembly-line” style prefab and modular building manufacturers, Cuby is vastly different and will transform the idea of “prefab” and “modular” altogether.
Rather than having one capital-intensive centralized mega-factory to produce prefabricated building parts or components, Cuby is using finely engineered, decentralized, localized factories that will solve the huge logistics challenge posed by the traditional modular and prefab methodologies that to date have been prohibitive to scaling and adoption amongst incumbent players.
Taking advantage of these efficiencies, builders could dramatically reduce the estimated 4.8 million single-family home shortage that currently exists in the U.S. housing market (since 2001), a $1.95 trillion current-day value. One of the factors contributing to our housing shortage is the shrinking pool of qualified, trained construction workers.
“Cuby’s lean manufacturing approach solves two of the biggest problems currently in construction: a dramatic shortage of labor and shortage of quality,” said Cuby’s co-founder, Aleh Kandrashou. Constructed using steel and concrete, with smart-home technology built in, Cuby homes will be of higher quality than a typical wood-framed home and will cost, on average, less per square foot, almost doubling builders’ margins, passing through the savings to end-occupiers.