Slate Technologies, a California-based artificial intelligence (AI) software platform for the construction industry, announced last week that it is acquiring Splash Modular, a North Carolina-based software designer of industrialized construction (IC) and design for manufacturing and assembly (DFMA).

It's a perfect storm: high demand crashing with supply-chain and logistical delays. Add in low interest rates which increase the volume, and you're either going to be patient or pay higher interest rates.