3D Printing and Its Impact on the Building and Construction Industry

Whether you call it 3D printing, additive manufacturing or contour crafting, the ability to create something — from a small tabletop model to a livable home or towering skyscraper, to list just a few possibilities — out of paper-thin materials is intriguing, and promises to shape the future of our world. So promising is this recent technology, in fact, that manufacturing industries, government entities and educational institutions have made significant investments in 3D-printing technologies. These ventures, particularly those driven by partnerships, are shaping up to have a big impact on the building and construction industry.
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Alternative Homes — the Impact of Rising Rents and Mortgages

After the collapse of the housing market in 2008, homebuilding is back on the rise, and the cost of housing is increasing nationwide. Enter: Alternative homes.

According to the United States Census Bureau, in the third quarter of 2017, the median asking price across the country for a vacant rental unit reached an all-time high of $912. In comparison, the median rental price for vacant units in 1997 was below $500 nationwide. That kind of an increase outpaces inflation, adding significant burden to the wallets of renters nationwide. What’s more, the Joint Center for Housing Studies of Harvard University (JCHS) reports that nearly 48% of renters in 2015 spent more than 30% of their income on housing, with lower-income homes being the most affected.
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