Theoretically - that is correct. I have not been too impressed in home construction techniques of the recent past.
However, we'd look at modular 'seriesly' if we were thinking of moving to a new place. Unless we could get one from the 20's or 30's. I know, a bit of luddite.
Some of those 20's and 30's homes, especially the Bungalow and Arts and Crafts types were actually 'package homes'. Sears sold the plans for them! But I believe they were still 'stick built' and back then, folks had the skills to do it. I'd love to live in an old established neighborhood, if I could find a house on a BIG lot!
It's not just the technique, it's slip shod crap too!
My boss bought a house that's 6 years old. They didn't bother to do the flashing around the windows so now they leak everytime it rains and blows. I think he's got a home warranty with it but it'd still aggravate the h*ll out of me because the morons couldn't do the job right the first time.
Now he's getting all new siding put on...he caught 'em triming the windows with particle board fercryinoutloud!
In thirty years or so, when I have a nice house, I want a log home somewhere slightly rural. Brick would be acceptable, but my dream home doesn't have vinyl.
Then again, I've seen log-exterior doublewides... hmmm...