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Buy a Home Online: The Future is Here
15 Dec
Summary
- Homebound allows online purchasing of real homes, not virtual ones.
- The platform uses AI and digital twins for precise construction tracking.
- The company has raised $400 million, aiming for profitability by 2026.
The homebuilding industry is undergoing a technological revolution, with Homebound enabling customers to purchase and build real homes entirely online. Users can select lots, floor plans, and styles, with real-time pricing updates, simplifying the process to a digital checkout. This tech-enabled approach, inspired by the aftermath of the 2017 Tubbs Fire, addresses long-standing inefficiencies in construction.
Homebound leverages AI-driven inspections and digital twins to offer buyers unprecedented transparency and control over their home's construction progress. By managing the supply chain for precise bills of materials, the company avoids the overestimations common with traditional builders. This precision aims to reduce waste and improve efficiency in home construction.
Having raised a combined $400 million since 2022, Homebound is positioned for growth, with existing investors like Goldman Sachs and Thrive Capital participating. The company anticipates profitability by the end of 2026 and plans to scale its end-to-end platform to assist other builders, potentially transforming the broader home construction landscape.
