The Real Deal New York

Could tiny homes solve the housing crisis?

Companies see them as a way to quickly increase housing supply with less labor
November 26, 2017 10:00AM

A Kasita tiny home (Credit: Kasita)

With construction and land costs increasing in cities across the country, some companies are turning to tiny houses to help combat these issues.

There were 10,000 tiny homes in the U.S. as of 2016, but this number is likely to increase moving forward as more companies start embracing the concept, according to Bisnow.

Amazon recently got into the game, and the tiny house firm Kasita has received approval to start building in Nevada and California. The company also plans to start offering its homes as stackable modular units, which it could start to build in February.

The stackable units will cost about $99,000 and span 400 square feet, and Kasita CEO Martyn Hoffmann told Bisnow they can be delivered to developers in about half the time of a standard build-out.

“It’s really a way to alleviate the housing crisis not through affordable housing, but to increase the housing stock,” Hoffmann said.

In New York, Mayor Bill de Blasio said he plans to set up a contest for developers to build tiny homes on small city-owned lots. [Bisnow]Eddie Small