How Military Technology Could Solve America’s Housing Shortage | News World

During my time in the U.S. military, I commanded a unit responsible for transporting large amounts of U.S. currency in Iraq to fund critical infrastructure projects, such as water purification facilities, schools, and hospitals. Getting these projects done quickly and under budget required strategic planning and the efficient use of complex technology. That experience inspired me to continue using technology to solve hard problems in sectors that have historically had little access to it.

While other sectors rapidly modernize, most of America’s construction industry still relies on the same technology used 50 years ago. I see massive potential for technology reform in the construction industry, which could not come soon enough.

There’s an undeniable housing crisis in the U.S., and while there are a number of contributing factors—inflation, rising rent, and high interest rates—the biggest factor is that there are simply not enough new houses being built.

Many cities have started easing building restrictions in an attempt to build new housing faster, and construction spending globally is projected to hit $15 trillion by 2030. But the industry must modernize to keep pace. We need to make it easier, faster, and more affordable to build new houses in the U.S. The good news? We…

Source www.newsweek.com

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