Flutterby™! : Veev folds

In our various Know Before You Grow Petaluma forums, we often get the "what about modular construction?" question. With construction costs running over $450/sq.ft., often way over, ways to reduce construction costs is a topic of much discussion, even if it just means that some of the construction labor that would normally be commuting in from the Central Valley (because we've priced that sector out of our communities) could do some of their work further from home.

Many of us who've looked at this sigh and point out that modular construction has been the technology of the future for at least half a century. At any rate, Veev, yet another modular builder, has tossed in the towel.

Once a Bay Area 'unicorn,' well-funded company to fold with few houses built — Veev raised $400 million last year, and now it's closing with few homes built