Mortgage Blog

Amazon gets into home building

September 26th, 2018 1:46 PM by Eric Fang

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Recent developments tell us that Amazon, Inc. (AMZN) has no intention of stopping at traditional retail, be it everything they sell on their site, or groceries. The most recent of those investments is a homebuilding start-up- Plant Prefab

According to a report from CNBC, "Amazon said its Alexa Fund invested in Plant Prefab, a Southern California company that says it uses sustainable construction processes and materials to build prefabricated custom and multi-family houses." The report also said that the start-up had plans to use automation to build units more quickly and cheaply. 

Read more: Amazon Invests in Pre-Made Homes, Takes Another Step Towards World Ownership | Investopedia 
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Posted by Eric Fang on September 26th, 2018 1:46 PM



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