Today’s construction workers are 40% less efficient than their 1970 counterparts. By 2031, 41% of them will retire, with only one newcomer for every seven exiting. At the same time, the US needs 6.5 million new homes by 2030, but post-Great Recession, housing supply lags demand, spiking prices for buyers and renters alike. The capacity of status quo homebuilders is only on pace to build about half of this demand in the next decade. Rising interest rates further aggravate the shortage by discouraging homeowners from selling their lower-rate homes. Facing a critical juncture, the solution lies not in software alone, but in its synergy with advanced hardware.
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