Current inventory levels in the US housing market are at an all-time low, posing difficulties for potential homeowners. With rising property prices and diminishing availability, the typical household income for purchasers rose from $88,000 to $107,000 in a year, according to the National Association of Realtors.

Startups like BotBuilt employ technology to make homebuilding more economical and sustainable, which some may regard as helpful because they encourage families to pick ecologically favorable solutions.

Founded in 2020 by Brent Wadas, Colin Devine, and robotics engineer Barrett Ames, BotBuilt focuses on creating a robotic system designed to streamline the home-building process. Ames, a graduate student at Duke, and his wife renovated a fixer-upper in response to personal experiences, which provided insights into the difficulties of construction.

According to TechCrunch, BotBuilt's system targets a specific aspect of homebuilding: framing. By automating the framing step, which typically incurs costs ranging from $7 to $16 per square foot, including labor, the company aims to accelerate homebuilding while reducing expenses.

The system, costing approximately $1 per hour to run, as per Ames, assembles panels for walls, floor trusses, and roof trusses, allowing for the quick reprogramming of frame designs.

Game-Changing Robotic Builders

BotBuilt primarily serves homebuilders, operating robot-equipped factories to produce framing components. The company's approach empowers builders by enhancing efficiency and margin through the use of affordable robotic labor.

While BotBuilt faces competition from rivals like Randek, Weinmann, House of Design, Diamond Age, and Mighty Homes, its focus on flexibility sets it apart. The system's adaptability allows for the construction of various frame designs, providing a solution to the industry's diverse needs.

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Despite a modest start with nine homes built and $75,000 in revenue, BotBuilt plans to scale up operations in 2024 by shipping trusses built by its robotics. The company's automation aims to deliver significant cost savings to builders, with an estimated revenue of around $15,000 per house of wall panels built, per GVS.

To support its expansion, BotBuilt secured $12.4 million in a seed funding round, valuing the company at $35 million post-money. The funding will contribute to growing the team from 13 to about 20 members.

Worries Raised

As the firm contributes to innovation in the construction sector, BotBuilt's automation has raised concerns among some home framers who perceive it as a job threat. Co-founders Colin Devine and Brent Wadas dismiss these worries, emphasizing the industry's labor shortage.

According to the Associated Builders and Contractors, an additional 546,000 jobs were needed in 2023 to meet demand. Devine and Wadas argue that robots not only fill labor gaps more accurately but also enhance safety, outperforming humans in tasks and calculations. The founders assert that robots, with their proficiency in math and speed, are vital in addressing industry challenges.

"In five years, I trust that BotBuilt will become a standard for how building should take place, not only in this country, but for the globe," Wadas remarked, as quoted by The News & Observer.

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