SANTA CLARA, Calif.,
Aug. 20, 2021 /PRNewswire/ -- 3D
printed home technology has hit the mainstream, with builders
claiming these homes can be built in half the time and for half the
cost. But will people actually buy them? A new survey from
Realtor.com® found that 66% of all consumers and 75% of
millennials would consider living in a 3D printed home. The survey
also found that 30% of all respondents and 43% of millennials think
that 3D printed homes will replace traditional methods of
homebuilding.
The survey of 3,026 consumers, which was conducted online by
HarrisX in July 2021, found that 42%
have heard about 3D home printing technology. That number was much
higher (63%) for recent home buyers, suggesting that home searchers
are doing their research when it comes to new technology.
"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 home buyers," said George Ratiu, senior economist,
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. As technology is advancing
novel building solutions, anything we can do to reduce the cost of
new construction and increase the number of available homes,
especially at an affordable price point, will help to restore
balance in this strong seller's market."
Factors that would persuade people to live in a 3D printed home
include: lower cost (54%), more energy efficient (51%), more
resistant to natural disasters (42%), faster to build (41%), more
customizable (39%), and produces less waste than traditional
building methods (32%).
However, some consumers are still wary of the technology. When
asked what would hold them back from living in a 3D printed home,
the most common response was that they want to wait and see how the
technology will pan out over time (36%). Other responses include:
prefer the aesthetics of a traditional home (22%), think it won't
last as long (22%), don't want their home to look exactly like the
neighbors (18%), prefer an existing home to new construction (14%),
and don't trust the technology (14%). Twenty-two percent of
respondents said nothing would hold them back from living in a 3D
printed home.
"While the technology is still somewhat nascent, our survey data
shows that consumers are very interested in 3D printed 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. For the rising
generations of digital natives, new building technology may provide
a sustainable bridge toward homeownership," said Ratiu.
Methodology: Realtor.com® commissioned HarrisX to
conduct a national survey of consumers. The total sample size was
3,026 adults. The survey was carried out online from July 21-23, 2021. The sampling margin of error of
this poll is ±1.8 percentage points. The figures represent a
national view of U.S. adults. Results were weighted for age,
gender, region, race/ethnicity, and income where necessary to align
them with their actual proportions in the population.
About Realtor.com®
Realtor.com®
makes buying, selling, renting and living in homes easier and more
rewarding for everyone. Realtor.com® pioneered the world
of digital real estate more than 20 years ago, and today through
its website and mobile apps is a trusted source for the
information, tools and professional expertise that help people move
confidently through every step of their home journey. Using
proprietary data science and machine learning technology,
Realtor.com® pairs buyers and sellers with local agents
in their market, helping take the guesswork out of buying and
selling a home. For professionals, Realtor.com® is a
trusted provider of consumer connections and branding solutions
that help them succeed in today's on-demand world.
Realtor.com® is operated by News Corp [Nasdaq: NWS,
NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual
license from the National Association of REALTORS®. For more
information, visit Realtor.com®.
Media Contact
nicole.murphy@move.com
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SOURCE Realtor.com