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Some Buyers Showing Interest in 3D Printed Homes

2 out of 3 consumers – and 3 out of 4 millennials – would consider the cost savings of a printed home. But 33% want to wait a bit and see how 3D homes change over time.

CHICAGO – Press print for a home. More consumers are warming up to that idea. Of more than 3,000 consumers in a survey, 66% – and 75% of millennials, in particular – would consider living in a 3D printed home, according to realtor.com.

3D printed homes appear to have a number of advantages, notably greater affordability, better energy efficiency and, over the past year, have shown better resistance to natural disasters. They also don’t take as much time to build compared to traditional new homes.

“Over the past decade, as the homebuilding industry focused mainly on the upper end of housing, expecting younger generations to favor renting, the price of construction has pushed new homes out of reach for many first-time homebuyers,” says George Ratiu, senior economist at realtor.com. “With the largest generation in U.S. history embracing homeownership and the pandemic accelerating the move toward suburban markets, new home construction plays a pivotal role in meeting the growing demand.”

3D home technology continues to evolve, and an increase in 3D-printed homes can help reduce the cost of new construction and increase the number of available homes at a more affordable price point, Ratiu says. They “will help to restore balance in this strong seller’s market,” he adds.

The 3D-printed home option – survey results

One in three (30%) respondents believe that 3D printed homes will eventually replace traditional methods of homebuilding, and more media outlets started covering the technique over the past year. Most (63%) of the people surveyed said they’ve heard about it.

The biggest factors that would persuade consumers to purchase a 3D printed home:

  • Lower cost: 54%
  • More energy efficient: 51%
  • More resistant to natural disasters: 42%
  • Faster to build: 41%
  • More customizable: 39%
  • Produces less waste than traditional building methods: 32%

For those a bit unsure of the new technology, the main factors holding them back are:

  • 36% want to wait and see how the technology pans out over time
  • 22% prefer the aesthetics of a traditional home
  • 22% believe it won’t last as long
  • 18% don’t want their home to look exactly like their neighbors’ homes

“While there have only been a small number of 3D printed homes sold to date, as the technology continues to advance, we could see it add more affordable homes to the housing market,” Ratiu says. “For the rising generations of digital natives, new building technology may provide a sustainable bridge toward homeownership.”

Source: realtor.com

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