Ministers are planning a new wave of prefabricated homes in a drive to solve Britain's housing crisis.
Funding the pre-packed homes construction industry will help the Government meet its target to provide one million new homes by 2020, according to The Sunday Telegraph.
Although the housing market has shown signs of cooling since the vote to leave the EU, a chronic shortage of properties continues to keep prices out of reach of many young and low-income people.
Earlier this month the Government set out details to tackle the housing shortage by building 25,000 new homes using a £3bn Home Building Fund.
The trust, made up of money already set aside for housing, will provide short-term loans to businesses in an effort to encourage new homebuilders into the market.
And a Government white paper due next month will provide measures to encourage banks to boost lending for companies that construct prefabricated homes.
The initiative recalls the reconstruction drive which followed the Second World War when ready-made homes - dubbed "prefabs" - sprung up across the country as the government sought to house families bombed out of their homes.
Ministers are said to be impressed by the fact some of the new generation of prefabs could be erected on site in 24 hours, as well as the potential cost advantages.
The Sunday Telegraph quoted a Government source as saying: "The first and most obvious advantage is speeding up the building of housing. There is pretty good evidence that if you did it at scale it is cheaper."
Housing and planning minister Gavin Barwell said: "Offsite construction could provide a huge opportunity to increase housing supply and we want to see more innovation like this emulated across the housebuilding sector."
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