The homebuilding, buying, and selling process is changing—all with the advent of new technologies for the construction industry.
One of the biggest ways this is continuing to change—and will continue to evolve—is with the help of the cloud, a trend that has been changing the way the construction industry does business for months.
Still, growth is on the horizon. Gartner, for instance, forecasts worldwide public cloud revenue will continue to grow 17.3% in 2019, with the fastest growing market anticipated to be IaaS (infrastructure-as-a-service).
As one example in the residential space, MiTek recently announced BMT Cloud, a cloud initiative in which the next versions of its BuilderMT, Sales Simplicity, and Options Online software will all be fully cloud-based. The rollout will happen throughout the next 18 months.
Cloud is certainly one way technology in the residential homebuilding market is changing. Another way technology is changing is by offering a more collaborative way for buyers, builders, and developers to communicate.
myHouseby, a platform for new home construction, recently joined Capital Factory’s accelerator program to leverage support and resources in the startup ecosystem. The myHouseby marketplace makes buying and constructing new homes easier—and leverages AR (augmented reality) and VR (virtual reality) tools to help visualize a consumer’s dream home.
While these are only two examples, residential software continues to evolve, with new advances in technology. The end result is a smoother building process and a high-tech way to attract buyers.
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