The US economy has been enjoying a historic run. Since June 2009, the upturn is set to be the longest in US history if it can last until June. The one area that is lagging is new home sales. The season? A lack of entry-level homes that are priced within reach of the 19.4 million who have entered the workforce since 2009.
Tag: prefab homes
The construction labor shortage has made it obvious that the building industry, characteristically reticent to accept change, is ripe for a revolution. The consensus seems to be that modular, offsite construction is the way forward resulting in modular startups getting the most funding in the tech building arena. Construction tech companies have already enjoyed a… Read more »
While the way in which houses are built hasn’t changed much in the last five decades, its about to. Smart home technology, renewable energy sources and the automation of off-site construction are combining to create the perfect storm for major change. Throw the current construction labor shortage into the mix and you have these new… Read more »
Building Information Modeling (BIM) has taken a long time to find its footing in the construction industry. That’s what we’ve come to expect from a sector that has historically been reticent to adopt change. Apprentices learn from mentors who have been building the same way for decades and aren’t likely to shake things up. With… Read more »
One of the many reasons for the growing housing shortage in the US is that people are “aging in place”. According to one study, people stay in their homes twice as long as they did in the 1920s. Homeowners aren’t updating their homes before placing them on the market, leaving buyers with unsatisfactory choices. “We… Read more »