By: Scott Sowers, Multifamily Executive
New to the list this year, No. 5 Katerra brings technology to every part of the building process.
Many of the NMHC’s Top 25 Builders saw increases in the units started in 2019 compared with 2018. Summit Contracting remains at the top of the list, starting 9,065 units last year, followed by Alliance Residential, 7,603 units; Wood Partners, 5,853 units; and CBG Building Co., 5,688 units.
Katerra makes its debut at No. 5 on the list. When it comes to the future and innovation of building, Katerra, based in Menlo Park, Calif., is one of the first names that comes to mind. Launched in 2015, the modular builder is working out of factories in Tracy, Calif., Spokane, Wash., and two locations in India. However, the rise has not been without a few bumps. In 2019, the firm closed a factory and laid off employees. This year, COVID-19 has caused another 3% reduction in its workforce as the CEO went to work for free.
For some insight into how Katerra got so far, so fast, Steve Weilbach, head of U.S. construction sales, talked to MFE about the current state of affairs.Back