Mass Timber Market Updates - May 2021 - Week Twentythree

In the weekly update, Construction startup Katerra has told employees it plans to shut down, people familiar with the matter said, marking the collapse of the SoftBank-backed company that had raised more than $2 billion to slash the cost of building apartments. Katerra is expected to let go of thousands of employees and is likely to walk away from dozens of construction projects it had agreed to build. Michael Green said, I was hopeful that Katerra could provide a path, though certainly not perfect, to changes that would reduce the cost of buildings, make buildings more environmentally responsible, improve the quality of construction and speed the process of building to the betterment of society. The world needs climate solutions that come from major disruption as well as smaller scale adjustments in how we live and how we build. The world also needs affordable, accessible, safe buildings for humankind. In other news, Hines begins construction of its Melbourne T3. 

Production by Deeelicious Beats 
Music "Game Play" by Quality Quest
Podcast is a Mass Timber Construction Journal Production 
www.masstimberconstruction.com 

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