Housing-News-Report-September-2016

HOUSINGNEWS REPORT

NEWS BRIEFS

Purchases of New Homes Soars

Bricklaying Robot Builds House in Two Days

Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of renewed demand for new homes.

An Australian bricklaying company says their robot can build a house in just two days.

Purchases of new single family homes increased 12.4 percent in July from June to a seasonally adjusted annual rate of 654,000, according to the Commerce Department. That was the highest level since October 2007. The median sales price of new houses sold in July 2016 was $294,600. At the end of July there was a 4.3 month supply of newly built homes, the report showed. Sales in the Northeast were up 40 percent in July, while sales in the South rose by 18 percent. Sales in the West and Midwest were flat.

Fastbrick Robotics , an Australian bricklaying company, promises that their Hadrian X robot, with a 30 meter arm, can construct a brick home in 48 hours. Hadrian X is expected to be at construction sites within a year. Mounted on the back of truck, it is simply driven onto a building site and can lay 1,000 bricks an hour, gluing them into place, and work around the clock, 24 hours a day, according to The Daily Mail . “We are a frontier technology company, and we’re one step closer to bringing fully automated, end-to-end 3D printing brick construction into the mainstream,” engineer Mike Pivac, co- founder and CEO of Fastbrick, a Perth-based company, told UK Construction Week .

Source: C ommerce Department

Sources: Popular Mechanics, The Daily Mail, UK Construction Week

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