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Modular Construction News | Press Releases

Browse recent press releases featuring important news and announcements from the Modular Building Institute and around the modular construction industry. Stay updated with the latest modular construction news by subscribing to MBI's weekly e-newsletter, MBI Updates.

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Colorado Awards Modular Housing Loans to Fading West, Guerdon, and Others to Create Up to 4,755 More Housing Units Per Year

February 13, 2024

Creating Housing and Jobs: Polis Administration Announces Modular Housing Loans for Fading West, Guerdon, Others to Create Up to 4,755 More Housing Units Per Year Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) just announced funding to support the growth of eight modular…

WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion, Enhancing Its Position as the North American Leader in Turnkey Space Solutions

January 29, 2024

WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion, Enhancing Its Position as the North American Leader in Turnkey Space Solutions 60% Cash and 40% Stock Transaction Provides McGrath RentCorp Shareholders with $123 Per Share and Upside through Approximately 12.6% Stake in Combined Company WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq:…

KOPE Secures £5.5m Seed Investment

January 19, 2024

KOPE Secures £5.5m Seed Investment Offsite construction software company KOPE raises £5.5m in seed funding to accelerate the shift away from traditional construction. KOPE, the only-purpose built software platform for offsite construction, is pleased to announce a £5.5m Seed round led by Socii Capital with participation from Autodesk, Saint-Gobain, Barton Malow Ventures, Halkin Private Capital…

Government of Canada Support Helps BECC Modular Increase Production of Modular Housing Solutions

January 16, 2024

Government of Canada Support Helps BECC Modular Increase Production of Modular Housing Solutions FedDev Ontario investment of $2.5 million for BECC Modular to manufacture up to 2,200 modular structures per year and create 35 jobs Strengthening the economy and making life more affordable for Canadians are the top priorities for the Government of Canada. That…

Panel Built Inc. to Manufacture Prefabricated Electrical Houses

January 10, 2024

Panel Built Inc. to Manufacture Prefabricated Electrical Houses Getting electrical equipment housed is now quick and simple thanks to Panel Built’s new modular E-Houses. Panel Built Inc. has announced that it has added a new product to its lineup: E-Houses. E-Houses, short for “electrical houses,” are prefabricated substations used as electrical control buildings. They’re a simple…

The Commonwealth of Virginia Revolutionizes the Building Industry by Being the First State to Adopt ICC/MBI Off-Site Construction Standards

January 3, 2024

The Commonwealth of Virginia Revolutionizes the Building Industry by Being the First State to Adopt ICC/MBI Off-Site Construction Standards The adoption marks Virginia’s commitment to the expanded use of off-site construction and the promotion of greater regulatory consistency The Commonwealth of Virginia has approved the adoption of ICC/MBI Standards 1200 and 1205 as a part…

Safe & Green Holdings Corp. Announces That David Cross, VP of Sales and Business Development, Has Been Selected to Serve on MBI’s Government Affairs Committee

December 29, 2023

Safe & Green Holdings Corp. Announces That David Cross, VP of Sales and Business Development, Has Been Selected to Serve on the Modular Building Institute’s Government Affairs Committee Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and…

FK Architecture Celebrates 60 Years of Business

December 15, 2023

FK Architecture Celebrates 60 Years of Business FK Architecture, A Fugleberg Koch Company, celebrates its 60th anniversary of providing modern, innovative, high-quality, and creative architectural designs throughout the nation. What began as a one-person architectural practice has expanded to hundreds of employees over the years. Evolving with the industry trends has always been a priority…

John Buongiorno Promoted to Vice President Modular Division, Axis Construction Corporation

December 5, 2023

John Buongiorno Promoted to Vice President Modular Division, Axis Construction Corporation Axis Construction Corporation, an award-winning leader in conventional and off-site modular commercial construction for the Northeast, proudly announces the promotion of John Buongiorno to Vice President Modular Division. Ralph Lambert, President & CEO of Axis Construction Corporation, praised the modular industry veteran in making the…