Home builders may face competition from 3D printers

Home builders may face competition from 3D printers

Home builders may face competition from 3D printers
Offering quick builds, superior energy efficiency, stability in natural disasters and affordability, 3D printed homes may be the answer to the chronic housing shortage in the U.S. And consumers are warming up to the idea of living a home made by the technology, according to a survey released by Realtor.com.

3D printing technology is advancing and such assurances are making the promises of a greener, safer and more affordable place to live appealing, particularly to younger home buyers. The survey found that sixty-six percent of more than 3,000 consumers would consider living in a 3D printed home.

The largest group of survey respondents who say they’d be open to living in a home made by a 3D printer were millennials at a rate of 75 percent.

Today, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.00 percent.

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