Our mission is to provide “cost burdened” middle-market rental households modular apartments that are:
Attainable
Sustainable
Connected
THE IDEA...
What if there was a way to construct apartments that was efficient and low-cost while also being environmentally friendly, attractive, and builds community?
Modular
Modular construction has huge advantages over on-site "stick built" traditional construction methods ensuring consistent, high quality results
Integrated
Modular construction enables integration of nearly all MEP systems at the factory instead of on-site
Off-Site
By assembling up to 90% of the completed apartment building in a centralized factory, we realize enormous cost savings
THE PROBLEM...
Excessive Cost
Too many people are priced out of the rental housing market
Outdated
Current solutions are fragmented and rely on outdated methods
Short-Term
Focus is on short-term costs rather than life-cycle costs, efficiencies, and energy usage
OUR TARGET MARKET...
Approximately 9.7 million rental households are “cost burdened”, meaning each such household spends more than 30% of household income on rent
All Renters
According to 2022 government data, there were 45.2 million rental households in the US; additionally, multi-family construction has increased nearly 400% in the past 10 years.
Middle Income Renters
Of the total rental households, 47% or 21.4 million had household income from $20k to $75k
Cost Burdened Renters
Of those 21.4 million middle income rental households, 45.3% or 9.7 million were "cost burdened" (spend more than 30% of household income on rent)
THE SOLUTION...
Manufacture, develop, and operate attainable, sustainable, and connected steel-skeleton modular apartments
Attainable
→ Return manufacturing cost savings to customers
→ Work with responsible supply chain partners
→ Focused on recycled and locally sourced materials
Sustainable
→ Manufactured offsite reducing waste and carbon footprint
→ Meet or exceed energy code standards such as Energy Star and DOE ZERH
→ Privately owned and operated, keeping energy consumption a priority
Connected
→ IoT connectivity for monitoring building sub-systems
→ Constant performance monitoring ensures optimal building performance
→ High-speed connectivity in all apartments
THE TECHNOLOGY...
By combining steel construction and readily available materials which are factory assembled into modules that can be quickly field assembled in days we can drastically lower construction costs and therefore rents
| THE DWELLING COMPANY | Traditional Panelized | |
|---|---|---|
| Primary Structural Members ― | Structural Steel | Steel/Wood |
| Scope Completed in Factory ― | 90% | 20% |
| MEP Systems Installed in Factory ― | 95% | 10% |
| Cost of Capital on Land Carry ― | × 6 | |
| Deliveries in Addition to Factory Modules ― | × 12 | |
| Foundation Complete to Occupancy Time ― | × 6 | |
| Labor-Impact on Field Assembly ― | × 6 | |
| Construction Waste ― | × 16 | |
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Module Stacking Visualization
JED GIBSON
Jed Gibson, The Dwelling Company principal and founder, has 30 years experience as an architect, business development executive, and technology leader.