3D Printers have been utilized for many purposes through the years dating back to the 1980s in Japan. Models for consumer use are generally small enough to sit on home desks while companies have recently created a printer large enough to create structure walls for homes with them. Since the pandemic, an increased demand for homes but a lack of production has caused a major housing shortage. Companies have had to get creative with manufacturing with a decreased crew and supply shortages. Icon, a construction-technology firm in Austin, Texas, has minimized workers from 6-12 on a typical construction site framing wooden walls down to 3 workers designing and 3D printing walls out of concrete.
Currently, the printing process takes about the same amount of time to make as framing but with this development approach becoming more popular, there are hopes to increase the production speed. The 3D printers using concrete allows for less waste as there is no excess product. Because of this, these homes could sell at a more affordable price especially as the process becomes more mainstream. Other states such as California and New York are rushing this concept to ease the housing shortage.
The Chief Economist of the National Association of Home Builders, Robert Dietz, notes the emphasis on innovation in 2022 to increase any productivity gain to add additional supply. We are excited to see these new methods in place as we’ve witnessed the impeccable market over the past year. Please don’t hesitate to reach out with any questions you have about the housing market.
Read The Wall Street Journal’s article here: https://www.wsj.com/articles/3-d-printed-houses-are-sprouting-near-austin-as-demand-for-homes-grows-11635240601