America’s housing inventory has plunged to its lowest level in at least 20 years; the country is now short by nearly 7 million units. Entrepreneur Charlie Chupp’s solution: factory-built housing firm Fading West Development, which can build a modular three-bedroom home four to five times faster than a builder can finish a traditional stick-built house. Fading West delivers prebuilt homes 95% complete, thereby reducing costs (its homes are at least 25% cheaper than similar homes on the market). The goal, says CEO Chupp, is “to create attainable housing” for those who are suffering “the brunt of the housing shortage.”
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
More Must-Reads From TIME
- LGBTQ Reality TV Takes on a Painful Moment
- Column: How the World Must Respond to AI
- What the Debt Ceiling Deal Means for Student Loan Borrowers
- India’s Female Wrestlers Are Saying #MeToo
- 7 Ways to Get Better at Small Talk
- Florence Pugh Might Just Save the Movie Star From Extinction
- The End of Succession
- Scientists Get Closer to Harnessing Solar Power From Space