As the home building industry looks to more sustainable and efficient solutions, tech-oriented and modular companies are leaning into their specialties through expansion and acquisition to address the housing shortage.
Using high-quality and adaptable design, tech home building company Veev has announced the launch of its single-family home product and a new facility. Later this month, Veev will unveil its first single-family home and Veev Assembly at the new headquarters in Hayward, California. The new site will serve as the company’s Digital Fab, engineering center, and production facility. It is projected to build up to 500 homes per year, Veev reports.
“Our home is the single most important investment we’ll make in our lifetime. It sounds simple, but this mindset is hardly reflected in today’s construction,” says Amit Haller, Veev’s CEO and co-founder. “Affecting this status quo requires radical innovation and a customer-first focus—we’ve engineered our building method to do just that. Following our success in the broader market, we look forward to bringing our unique approach to single-family homes at a time of unprecedented demand for better housing.”
Adding to existing capabilities, Veev’s new facility will offer benefits to home builders and consumers by addressing efficiency, quality, sustainability, adaptability, and cost competitiveness. The single-family product can be built in 30 days with full panelized build, installation, and a digital home backbone, while the process produces 50% less CO2 emissions compared with traditional construction, according to the company.
“At Veev, we have the advantage of taking a comprehensive approach to home building, from thinking through the smallest design details to incorporating innovative technologies that make up a home that’s made for the 21st century,” says Dafna Akiva, Veev’s CRO and co-founder. “It all ties back to our view of the home as the ultimate consumer product. As we open our new Digital Fab, this focus will continue to guide our work to build high-quality homes while meeting the needs of our customers in new and existing markets.”
In the Southeast, next-gen modular tech company Vantem has acquired Georgia-based Affinity Building Systems, a modular home manufacturer. As part of Vantem’s nationwide growth strategy to establish 20 plants in the U.S. through both new facilities and acquiring qualified modular factories, the acquisition will allow Affinity to expand its portfolio with higher energy-efficiency homes that are more hurricane and climate resistant.
According to Vantem, its homes are mold-resistant, termite-resistant, and fire-retardant, and have withstood Category 5 hurricanes. The homes are up to 70% more efficient than traditional construction with no cost premium, claims the company. With Vantem's technology, Affinity will soon offer net-zero options that do not require grid-supplied electricity.
“We are excited to welcome Affinity into the Vantem family. It is a wonderful company with a great team making top-quality, beautiful housing,” says Chris Anderson, CEO of Vantem. “We look forward to building on the Affinity team’s success, integrating Vantem’s technology for higher energy efficiency and climate resiliency at competitive costs. We are especially looking forward to adding net-zero home options to the Affinity portfolio.”
As Affinity’s CEO Tony Watson is retiring, current CFO of Vantem, Wayne Morrison, will take over Watson’s role as CEO. All other Affinity employees will remain in their current positions.
“Affinity prides itself on its attractive home designs, craftsmanship and flexibility to meet the needs of our builder customers,” says Morrison. “By bringing Vantem technology into the portfolio, we will be able to maintain our high level of service while providing even more options for modular homes.”
