Real Estate & Construction News Round-Up 04/06/22

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A growing proptech startup aims to pre-emptively identify needed home repairs, 3D-printed homes could become a workable solution to the housing shortage, and more.

  • Concerns about a housing-market crash are growing as the Fed begins to hike interest rates, leaving industry experts to speculate on what’s next for the U.S. housing bubble. (William Edwards, Insider)
  • Real-estate sales in Manhattan topped $7 billion in the first quarter of 2022, with the average price of apartments jumping 19% over the previous year. (Robert Frank, CNBC)
  • Proptech startup DwellWell claims to have produced the first “check engine light” that can pre-emptively diagnose needed home repairs. (T.P. Yeatts, The Real Deal)
  • A recent report released by CoreLogic deems 65% of U.S. regional housing markets are “overvalued” when evaluated against whether local income levels could support home prices. (Lance Lambert, Fortune)
  • According to the Kyiv School of Economics, the estimated cost of direct damage to Ukraine’s infrastructure has reached $63 billion. (Julie Strupp, Construction Dive)
  • Though the technology is still in its infancy, 3D-printing construction is projected to provide affordable, cutting-edge homes as more companies ramp up production in this space. (Glenda Taylor, Bob Vila)