Survey: 83% of real estate industry seeking out homebuilding technology solutions
Mosaic, a construction technology company, today announced the results of its Q4 2021 Homebuilding Tech Survey, which measures homebuilding technology usage and sentiment from real estate industry professionals in the southwestern U.S. states of Arizona, California, Colorado, New Mexico, Texas, and Utah. The 600 respondents were surveyed between August 4 and October 24, 2021. They are real estate professionals aged 25 to 54-plus, with more than 40% of respondents working directly for or with the homebuilding industry. The topline survey results are as follows:
- 92% of respondents said it is important to use technology services, such as software products, in the homebuilding process;
- 83% of respondents said they are likely to seek out new technology products in the homebuilding process; and,
- 72% of respondents said they are likely to seek out homes built using technology products in the next 12 months; and,
- 92% of respondents said it is important to use technology products that create efficiencies in the homebuilding process, with 84% reporting they are likely to use said products.
“The industry survey validated a lot of what we’ve experienced firsthand over the past year: homebuilders are ready for technology,” said Salman Ahmad, CEO and co-founder of Mosaic. “We’re excited to continue to work with our industry partners to help achieve their business goals through technology, especially as we all grapple with ongoing supply-chain and inventory challenges.”
Mosaic is the leading tech-enabled general contractor for production-scale residential development projects. Their technology and team deliver value throughout the entire construction process, from design through construction and into warranty. The company estimates that it has increased throughput in the construction process by as much as 30 percent.
The company recently closed on their Series B funding, backed by venture capital firms such as Andreessen Horowitz, Peak State Ventures, Building Ventures, Founders Fund, Greylock Partners, Innovation Endeavors, Thrive Capital, and 8VC, and they recently expanded their Arizona operations from Prescott and Flagstaff into Phoenix and Tucson.
The company partnered last year on a $100M strategic pilot partnership with regional homebuilder Mandalay Homes to build Jasper in Prescott Valley, as well as a separate partnership with Vintage Partners to build Sky Cottages, a 200-unit single-family build-to-rent residential project.
Visit this page to learn more about the results of Mosaic’s Homebuilding Tech Survey.