3D Printing: The Answer to Affordable Housing Shortage?

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Reading the Fed’s Mood On Rates
  • Older Americans Are on the Front Line of the Student Debt Crisis
  • New Crop of Electric Tractors | How We Move
  • Bloomberg Quicktake: Now published this video item, entitled “3D Printing: The Answer to Affordable Housing Shortage?” – below is their description.

    The future of housing looks faster, cheaper and more sustainable with 3D printing, say construction firms Mighty Buildings and ICON. A new generation of start ups wants to disrupt the construction industry – layer by layer – by automating production with industrial 3D printers.

    These entrepreneurs say these smart machines – combined with software, robots and new building materials – can make homes faster, cheaper and more sustainable.

    “So what we’ve done is with 3D printing, we’re able to print exactly what we need. So it’s effectively zero-waste construction,” says Sam Ruben, the company’s co-founder and chief sustainability officer at Mighty Buildings, a 3D printing construction firm in Oakland, Calif.

    3D printing, also known as additive manufacturing, uses autonomous machines to create three-dimensional objects by depositing thin layers of material according to digital blueprints.

    In recent years, 3D printers have been used to produce everything from toys and auto parts to artificial organs and prosthetic limbs. Now they’re being deployed in the construction industry.

    Backers say 3D printing reduces the need for human labor at a time when home builders are struggling to find enough skilled workers to meet housing demand.

    These start ups want to use 3D printers, industrial robots and other technologies to help address severe housing shortages that have led to soaring home prices, overcrowding, evictions and homelessness around the world.

    Austin, Texas-based ICON has used 3D printing technology to produce low-cost housing. It’s printed for clusters of homes for the chronically homeless in Austin as well as poor families in Nacajuca, Mexico.

    Instead of producing homes in factories, it brings its Vulcan printer to work on-site, building walls with tubular layers of excretable concrete, following blueprints designed with its software.

    “The factory comes to you, imprints the house right where it intends to be. We chose that method to eliminate a lot of the shipping costs and then also to give ourselves a lot of design freedom,” says Jason Ballard, ICON’s CEO and co-founder.

    Ballard said its 3D printing system can do the work of 10 to 20 workers in five or six different trades for up to 24 hours a day, saving time and money.

    The company, which has raised more than 40 million US Dollars in venture funding, is working with Kansas City-based developer 3Strands to build a 3D printed neighborhood of two-story homes with two to four bedrooms in Austin.

    “The benefits that automation and digitization had brought to so many other industries with regard to speed and affordability were completely missing from the construction industry,” Ballard says.

    “3D printing turned out to be like the most powerful automation of all the automations we could discover.”

    But according to experts, to move beyond a niche market 3D printed construction firms will need to significantly ramp up production and persuade home buyers, developers and regulators that they’re safe, well-built and pleasing to the eye. They’ll also need to train workers to operate the machines and install the homes.

    “To the extent that 3D printing can offer a faster, cheaper way to build even single family housing units or small units, it can address a portion of the problem,” says Michelle Boyd, who directs the Housing Lab at the University of California, Berkeley’s Terner Center for Housing Innovation.

    “We need all the help, all the solutions that we can get.”

    Experts say the sheer magnitude of the housing shortage demands many types of solutions, from loosening zoning restrictions to building more high-rise apartment buildings.

    “We haven’t changed the way that we build housing in 30, 40, 50 years,” Boyd says.

    “So we need innovation in the materials we use, the processes and really from soup to nuts, how we build housing.”

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Mexico

    Mexico is a country in the southern portion of North America. It is the most populous Spanish-speaking nation. Mexico City is its capital city and largest metropolis.

    Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.

    Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.

    Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.

    4 Recent Items: Mexico

  • Border crisis: What’s happening at the US-Mexico border?
  • Border crisis: What’s happening at the US-Mexico border?
  • Tabasco Sauce Family Helps Protect Louisiana From Hurricanes, Flooding
  • Over a Million U.S. Covid Vaccines Arrive in Mexican Border Cities
  • Leave a Comment