I think this is true, but even after a construction company works through all the approvals the sheer cost of construction is insurmountable. A big part of this is obviously (sometimes union) labor. This happened recently in NIMBY-HQ Berkeley as interest rates crept up [1]. Pre-approved construction sites are sitting empty.
I am off the (not so controversial) opinion that labor should be paid fair wages, but I think it's also fair to use tech like this to multiply labor productivity.
The last piece is the cost of raw materials, which has also ballooned.
I am off the (not so controversial) opinion that labor should be paid fair wages, but I think it's also fair to use tech like this to multiply labor productivity.
The last piece is the cost of raw materials, which has also ballooned.
[1]: https://www.berkeleyside.org/2025/04/04/berkeley-housing-dow...