New home lot supply drops to cycle lows
The new technologies showcased at the Consumer Electronics Show (CES) last week in Las Vegas have the potential to change the way we live in our homes and interact with our communities. Our Director of Economic Research, Ali Wolf, explored the countless exhibit halls of CES and picked out three standout ideas for the homebuilding industry.
Facial recognition is no longer just a product of the big screen. Companies at CES debuted new at-home security cameras with facial recognition capabilities and smart city concepts founded on the ability to scan faces.
In the homebuilding industry, facial recognition could be incorporated into model homes. The artificial intelligence platform can:
Anonymous in their current stage, the use of facial recognition would provide another dataset to help builders better cater to their home shoppers, assuming consumers can get over the privacy implications.
The focus on “smart” technology was inescapable at CES.
Well, the exhibitors solved all of those problems and more.
As the housing industry juggles trying to stay relevant with smart homes, while aiming to hit an attainable price point, it is challenging to find the right balance.
John McManus, Editorial Director, Hanley Wood
Source: Robomart, Inc.
CES proved that the impact of technology on homebuilding and community development is upon us and deciding the nice-to-have from the necessity is critical.