Tech
Why The U.S. Builds Houses Wrong
The housing market is experiencing a boom not seen since 2006. However, natural disasters like wildfires and floods are also wreaking havoc on more and more American communities. Here’s how the U.S. can tackle building safer houses or retrofit existing homes for resiliency while keeping costs down, potentially mitigating the flow of domestic climate migrants.
Correction (March 18, 2021): At 2:13 this video incorrectly states the number of new housing units in the United States in 2020. The correct number is 1.3 million.
Existing home sales last year reached their highest levels since 2006. However, increasing numbers of climate disasters across the country have sparked concern about how safe homes are.
Potential buyers rarely wonder “what the flood plain is here, or do they look around and see this beautiful forest and say, ‘Oh, my God, it’s going to be on fire in two years?’” American Institute of Architects consultant David Collins said.
Last year was the worst fire season in U.S. history. In California, five of the state’s six-largest fires began within a two-month window. Overall, more than a dozen severe weather storms each dealt more than $1 billion in damages across the U.S.
Jack Cohen, a research physical fire scientist, advocates for home construction that better stops the spread of wildfires by including nonflammable construction materials and ensuring nothing exists between houses that an ember can engulf in flames.
“We need to define the problem as a structure ignition problem, not a wildfire control problem,” Cohen said. His Home Ignition Zone research is supported by the National Fire Protection Association, a part of the Federal Emergency Management Agency.
FEMA has a financial incentive in protecting America’s homes and encouraging local groups to follow the building codes set by the International Code Council.
Acting U.S. Fire Administration chief Tonya Hoover said the approximately 2,000 communities that have adopted the council’s building codes have saved the U.S. an average of $1.6 billion in annualized losses from flooding, hurricanes and earthquakes.
However, building homes that can withstand natural disasters are expensive and keep people, including the more than 500,000 thousand homeless counted in 2019, outside.
“A thousand dollars added to the price of a new home, at any time, in any way, … will eliminate 153,967 households from being able to buy that home,” said Greg Ugalde, immediate past chairman of the National Association of Home Builders.
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Does The U.S. Build Houses Wrong?
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BMW debuted its refreshed version of the 7 Series sedan, the brand’s full size flagship vehicle in April. It’s the most extensive update BMW has undertaken. The company’s North American boss said it won’t give up on sedans, even though many other luxury and premium automakers have. SUV’s now outsell sedans by a pretty wide margin–especially in the full-size category. In addition, BMW’s X7 SUV is made in South Carolina, while it’s 7-Series is imported from Germany. That puts tariff pressure on it. BMW’s North America head Sebastian Mackensen says sedans still matter to the brand and the 7-Series still represents “the pinnacle of what we produce”.
Reporting by: Robert Ferris
Editing: Darren Geeter
Camera: Natalie Rice, Macklin Fishman
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images, BMW
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Why BMW Is Still Investing In Big Sedans
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Kevin Warsh, if confirmed, may be the wealthiest Federal Reserve Chairmen in U.S. history. His financial disclosures indicate holdings of over $135 million. The paperwork indicates stakes in emerging companies like Polymarket and SpaceX, governance roles at companies like Coupang and UPS, alongside vast investments in funds tied to Warsh’s time working with Stanley Druckenmiller. CNBC’s Matt Peterson explains how his experiences could inform forthcoming Fed decisions.
Reporter: Matt Peterson
Produced and Edited by: Carlos Waters
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
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Trump’s Pick Kevin Warsh Could Become The Wealthiest Fed Chair In U.S. History
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For its first 30 years, Nvidia wasn’t a household name unless you were a gamer. Now, some of its original fan base feel left behind now that AI has made the chipmaker into the world’s most valuable company. Nvidia popularized the graphics processing units, or GPUs, that make the best video game play possible and gamers saved Nvidia from near bankruptcy when it bought the company’s first GPU in 1999. Twenty seven years later, 2026 may be the first year Nvidia doesn’t release a new GeForce gaming GPU – and a new AI-powered rendering software called DLS55 caused a major backlash among gamers when CEO Jensen Huang unveiled it at GTC in March. With more than 91% of revenue coming from data center chips, and a global memory shortage, it’s no surprise that Nvidia has prioritized the highly profitable Blackwell and Rubin GPUs over its GeForce RTX line – although Nvidia tells CNBC that gamers remain “hugely important.”
Produced by: Katie Tarasov
Edited by: Darren Geeter
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Getty Images, Nvidia, AMD
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The Navy Exchange, which is owned by the U.S. government, has long provided discounted, tax free goods to military members and their families. The profits all go back to helping to improve welfare programs for those enrolled in the Navy, but, in recent years, sales have declined and is now in the process of renovating its stores with planned investments of around $100 million across its fleet of stores to better compete with major e-commerce players.
Produced and Shot by: Ryan Baker
Edited by: Darren Geeter
Additional Camera by: Magdalena Petrova
Reporter: Gabrielle Fonrouge
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Nexcom
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How The Navy Exchange Is Fighting To Win Back Shoppers From Amazon And Walmart
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Grocery stores like Kroger are using AI to help find value for perishable food that would otherwise end up in the trash. The data being generated by Flashfood and companies like it are giving retailers insights into consumer behaviors like showing what products will sell, at what price and at what point they are in their shelf life. CNBC’s Brandon Gomez looks into this growing technology.
Produced, Shot and Edited by: Natalie Rice
Reporting by: Brandon Gomez
Animation: Jason Reginato, Christina Locopo
Senior Director of Video: Lindsey Jacobson
Additional Footage: Flashfood, Getty Images
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