Prefabricated Home Manufacturing in the US
The Prefabricated Home Manufacturing industry caters to more marginal homebuyers, and therefore experienced a long-delayed recovery over the past five years to 2019 from the recession the traditional housing market had left behind. Rising home prices during the period priced more buyers out of the traditional housing market and raised demand for prefabricated homes. Along with strong growth in revenue, profit margins in the industry have increased over the past five years. Sustained growth in the residential housing market will continue to boost industry sales over the five years to 2024, albeit at a slower rate. While conventional housing starts will outpace manufactured home growth, industry players will increasingly focus on niche markets and premium offerings to enhance their appeal.
Companies in the industry produce manufactured (mobile) and modular (prefabricated) homes and buildings, as well as wood sections and panels for prefabricated buildings. Manufactured homes are constructed in a factory-controlled environment and often come equipped with wheels. Modular homes are manufactured in sections and then moved to the home site for final assembly.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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