As the Baby Boomer generation ages and younger generations take longer to form households, the housing market is projected to see the demand for housing decline over the next decade.
Not only are homebuyers implementing AI into their purchasing process, they're also more interested in buying homes built through technological advancements, such as 3-D printing.
In cities with a more rigorous permitting process, it can take almost four years to build a standard single-family home. For the multifamily sector, it can take double that amount of time.
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