Amazon makes first investment in a homebuilder [VIDEO]

Amazon invests in prefab home builder ‘Plant Prefab’ from CNBC.

By Eugene Kim | CNBC

Amazon said it’s funding homebuilding start-up Plant Prefab, marking its first investment in the space.

Plant Prefab builds prefabricated, custom single- and multifamily homes.

The investment follows Amazon’s launch of more than a dozen new smart home devices powered by Alexa.

Amazon has made clear that it wants to own the smart home space. Now the company’s going a step further, taking a stake in a start-up that’s building actual homes.

On Tuesday, 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 single- and multifamily houses. The start-up is aiming to use automation to build homes faster and bring down costs.

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