This week’s round-up dives into projections on construction inventory in the housing market, the first 3D-printed house, a replica of South Korea’s Seoul in the Metaverse, and more.
- Shifts that occurred last year and at the peak of pandemic have transformed the real estate industry, with 2023 emerging as something of a barometer in the manifestations of those changes. (Tony Cantu, Mortgage Professional America (MPA))
- Total new construction of homes across the country is expected to drop by 200,000 dwellings per year until 2026 as skill shortages and supply issues continue to bite. (Sowaibah Hanifie, 7 News)
- Almost all economists and contractors expect some sort of an economic slowdown this year. (Sebastian Obando, Construction Dive)
- From electric and autonomous equipment to AI-powered tracking solutions and cargo-carrying dirigibles, the construction industry’s future was on display in Las Vegas last week. (Robyn Griggs Lawrence, Construction Dive)
- Construction has started on the first 3D-printed, two-story house in Houston, TX. (Stephanie Whiteside, News Nation)
- As part of a three-year effort to expand its public services, Metaverse Seoul will allow users to take their avatars to tax offices, access youth counseling and read e-books. (Cam Thompson, CoinDesk)