Prefabricated Home Manufacturing in the US - Industry Market Research Report

Prefabricated Home Manufacturing in the US

The Prefabricated Home Manufacturing industry produces modular and manufactured homes that are low-cost substitutes for conventional, site-built units. The industry caters to first-time homeowners, retirees and low-income consumers. Rising home prices during the period priced more buyers out of the traditional housing market and raised demand for prefabricated homes. Plummeting interest rates amid the COVID-19 pandemic and the health risks associated with the virus boosted demand for prefabricated homes as consumers fled congested urban areas and took advantage of the low-interest rates. Low-interest rates have also increased competition from the conventional housing market, mitigating revenue growth. As interest rates climb back up, housing starts will fall, leading to a decrease in revenue. Industry-wide revenue shrunk at a CAGR of 3.7% to $9.1 billion over the past five years, including a 14.2% drop in 2023.

Companies in the industry produce manufactured (mobile) and modular (prefabricated) homes and buildings, in addition to 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.