Modular Thinking: Opportunities in Modular Housing – Part 6 of 10
352-612-1000
212-433-2525
Casual Conversations Over Breakfast
Stone Creek Golf Club – The Grille
9676 SW 62nd Loop / Ocala FL 34481
Breakfast Available at 9:45
The Conversation Begins at 10:00
Conversation Ends Between 10:45 and 11:00
Reservations Required
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No Cost – No Obligation – No Harassment Solicitation
Truesdell Wealth, Inc. a registered investment advisor and manager.
The Truesdell Professional Building
200 NW 52nd Avenue – Ocala FL 34482
352-612-1000 or 212-433-2525
TruesdellWealth.com
Wednesday, December 11, 2024
Casual Breakfast Conversation at the Stone Creek Grille
The Truesdell Military Procurement Portfolio When the Indexes Stink
Thursday, December 12, 2024
Casual Breakfast Conversation at the Stone Creek Grille
Mortality Income Contractual Agreements & Return Lock – Not Knowing is a Stinker
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Eirinn Abu and Tunnel to Towers Foundation Concert Fri, Feb 28, 2025 @ 7:00PM Circle Square Cultural Center, 8395 SW 80th Street, Ocala Florida - Join Eirinn Abu and two of his Miami Sound Machine band members for a wonderful concert in support of the Tunnel to Towers Foundation. The event theme is a night of music and movies.
https://eirinnabu.com/event/5760795/695871447/eirinn-abu-and-tunnel-to-towers-foundation-concert
Corporate Sponsors: Truesdell Wealth, Truesdell Consulting, and Truesdell Insurance.
https://truesdell.net/
Paul Grant Truesdell, J.D., AIF, CLU, ChFC, RFC
Founder & CEO of The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
352-612-1000 - Local
212-433-2525 - New York
Truesdell Consulting, Inc.
Truesdell Insurance, Inc.
Truesdell Wealth, Inc.
Due to our extensive holdings and that of our clients, you should assume that we have a position in all companies discussed and that a conflict of interest exists. The information presented is provided for informational purposes only.
---
Rough Transcription
Challenges in Modular
Every new approach comes with its challenges, and modular construction is no exception. While its benefits are clear—efficiency, cost savings, and sustainability—the hurdles it faces are equally real. For me, this is a reminder that innovation often meets resistance, not because it’s flawed, but because change disrupts comfort zones.
One of the most significant challenges is the cost of transporting prefabricated units. Even with centralized production in a factory, getting these massive structures to a construction site isn’t cheap. Then there’s the issue of financing. Lenders, accustomed to traditional methods, often view modular construction as unfamiliar and risky. They may demand higher interest rates or offer lower loan amounts, which can discourage developers from pursuing modular projects.
Regulatory barriers add another layer of complexity. Building codes and inspection standards vary widely across jurisdictions, creating a labyrinth that developers must navigate. Greystar’s solution—educating lenders and working to certify their factory to Pennsylvania’s standards—shows what’s possible, but it’s a time-consuming process. To me, this underscores how deeply entrenched traditional systems are and how much effort it takes to challenge them.
Being widely read and educated has taught me that these hurdles aren’t unique to modular construction. Every major innovation—from automobiles to the internet—faced skepticism and logistical roadblocks in its early days. The same is true here. What stands out to me is how logical and transparent the solutions are. Standardizing building codes, educating stakeholders, and investing in infrastructure are all practical steps that can pave the way for modular’s growth.
For those of us watching or investing in this space, these challenges are part of the equation. They’re not reasons to shy away but opportunities to think critically and anticipate how the industry will adapt. As I reflect on this, I’m reminded that real progress requires persistence and a clear vision. Modular construction has both, and while the road may be bumpy, I believe the destination is worth it.
212-433-2525
Casual Conversations Over Breakfast
Stone Creek Golf Club – The Grille
9676 SW 62nd Loop / Ocala FL 34481
Breakfast Available at 9:45
The Conversation Begins at 10:00
Conversation Ends Between 10:45 and 11:00
Reservations Required
TruesdellWealth.com
No Cost – No Obligation – No Harassment Solicitation
Truesdell Wealth, Inc. a registered investment advisor and manager.
The Truesdell Professional Building
200 NW 52nd Avenue – Ocala FL 34482
352-612-1000 or 212-433-2525
TruesdellWealth.com
Wednesday, December 11, 2024
Casual Breakfast Conversation at the Stone Creek Grille
The Truesdell Military Procurement Portfolio When the Indexes Stink
Thursday, December 12, 2024
Casual Breakfast Conversation at the Stone Creek Grille
Mortality Income Contractual Agreements & Return Lock – Not Knowing is a Stinker
---
Eirinn Abu and Tunnel to Towers Foundation Concert Fri, Feb 28, 2025 @ 7:00PM Circle Square Cultural Center, 8395 SW 80th Street, Ocala Florida - Join Eirinn Abu and two of his Miami Sound Machine band members for a wonderful concert in support of the Tunnel to Towers Foundation. The event theme is a night of music and movies.
https://eirinnabu.com/event/5760795/695871447/eirinn-abu-and-tunnel-to-towers-foundation-concert
Corporate Sponsors: Truesdell Wealth, Truesdell Consulting, and Truesdell Insurance.
https://truesdell.net/
Paul Grant Truesdell, J.D., AIF, CLU, ChFC, RFC
Founder & CEO of The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
352-612-1000 - Local
212-433-2525 - New York
Truesdell Consulting, Inc.
Truesdell Insurance, Inc.
Truesdell Wealth, Inc.
Due to our extensive holdings and that of our clients, you should assume that we have a position in all companies discussed and that a conflict of interest exists. The information presented is provided for informational purposes only.
---
Rough Transcription
Challenges in Modular
Every new approach comes with its challenges, and modular construction is no exception. While its benefits are clear—efficiency, cost savings, and sustainability—the hurdles it faces are equally real. For me, this is a reminder that innovation often meets resistance, not because it’s flawed, but because change disrupts comfort zones.
One of the most significant challenges is the cost of transporting prefabricated units. Even with centralized production in a factory, getting these massive structures to a construction site isn’t cheap. Then there’s the issue of financing. Lenders, accustomed to traditional methods, often view modular construction as unfamiliar and risky. They may demand higher interest rates or offer lower loan amounts, which can discourage developers from pursuing modular projects.
Regulatory barriers add another layer of complexity. Building codes and inspection standards vary widely across jurisdictions, creating a labyrinth that developers must navigate. Greystar’s solution—educating lenders and working to certify their factory to Pennsylvania’s standards—shows what’s possible, but it’s a time-consuming process. To me, this underscores how deeply entrenched traditional systems are and how much effort it takes to challenge them.
Being widely read and educated has taught me that these hurdles aren’t unique to modular construction. Every major innovation—from automobiles to the internet—faced skepticism and logistical roadblocks in its early days. The same is true here. What stands out to me is how logical and transparent the solutions are. Standardizing building codes, educating stakeholders, and investing in infrastructure are all practical steps that can pave the way for modular’s growth.
For those of us watching or investing in this space, these challenges are part of the equation. They’re not reasons to shy away but opportunities to think critically and anticipate how the industry will adapt. As I reflect on this, I’m reminded that real progress requires persistence and a clear vision. Modular construction has both, and while the road may be bumpy, I believe the destination is worth it.