Something really big is happening in the small town of Calverton, New York. A 3D-printed home, being called the first home in the U.S. built by robots, has hit the market for the bargain price of $299,000. The developers, construction firm SQ4D believes 3D-printed homes could help solve the housing shortgage.
The novel home boasts 1,400 square feet of living space, a detached garage and three bedrooms. Being built by an entirely computerized process, the construction can be completed with as little as three actual workers on site. Everything from the footings, foundation and walls will be made entirely with a 3D-printer.
The developer notes that the printing itself can be completed in as little as 48-hours and just eight days in total.
Today, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.25 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.