BIM in Residential Construction

The BIM Handbook seemed to focus on the evolution and challenges of BIM software from a programming point of view, which made for not the most captivating read. However, it did stress the importance of parametric modeling. Prior to this class, I viewed BIM as primarily a means of representing all of the building and its systems via a three-dimensional model. It has become clear that the real value of the software is in its parametric capabilities which will drastically increase the efficiency of construction. It makes me question whether at some point designing will have reached a point of only choosing options for the systems and subsystems of a building, while the BIM software completes the actual designing through the use of its database of families of components.
How BIM will affect the future of the building industry is explored in John Wagner's article, specifically in the residential market. The author claims that in ten years residential stick framing will be a thing of the past, and instead the houses will be built of components that are prefabricated and specified through the use of BIM. Currently, BIM software is being used increasingly by contractors and suppliers, rather than just the architects and designers, and 50% of residential homes are designed using BIM. This results in greater efficiency in both the speed of construction and material waste. Furthermore, it will allow for "green" measures to be integrated early in the design process and make it much more feasible and inexpensive.
I believe that the use of BIM by all of the parties involved in construction will bring its capabilities to a whole new level. No longer will it be used just to simplify and assist in the design process only to be output in the same blueprints that have been used for decades, but rather it will be involved from conception to commissioning, saving time and money in every step of the process.