Prefabricated Housing

While the rebound in overall housing demand will boost demand for all types of prefabricated housing, the trends will differ for manufactured housing and other prefabricated housing.

US demand to expand 15% annually through 2017

Demand for prefabricated housing through 2017 will benefit from an expected recovery in overall US housing demand from the subdued 2012 level. Prefabricated housing demand is forecast to expand 15 percent annually through 2017 to 135,000 units. While the rebound in overall housing demand will boost demand for all types of prefabricated housing, the trends will differ for manufactured housing and other prefabricated housing, as they have done over the past decade and a half.

Dominant manufactured housing segment to lose market share

Overall, demand for manufactured housing is forecast to rise from approximately 47,000 units in 2012 to 90,000 units in 2017. Demand for manufactured housing is concentrated in rural areas and in certain segments of the population -- particularly lower income groups such as young, first time home buyers and retirees on a fixed income. Expected growth in these populations will boost manufactured housing demand. However, manufactured housing’s market share is projected to drop from that of 2012 as the economy continues to expand and conventional mortgages become easier to obtain, and as new regulations make chattel loans (commonly used for manufactured housing) more difficult to secure.

Other types to track singlefamily housing demand

For other prefabricated housing, demand is more evenly spread throughout geographical areas and the segments of the population. As such, demand is less affected by trends in certain areas or populations, and will more closely track demand for overall single-family housing. Therefore, market shares for other prefabricated housing types will be little changed, and demand increases will be similar to those for single-family housing overall.

Trade in prefabricated housing is minimal, and shipments generally track domestic demand. Manufactured housing shipments are expected to reach $4.6 billion in 2017, a vast improvement from the 2012 level, but still below that of 2002. Through 2017, shipments of other prefabricated housing types are projected to rise to $3.0 billion. Gains will be fueled by rising unit growth after a period of depressed demand. Price increases will account for a significant portion of this growth, as rising raw materials prices and a shifting product mix raise the average cost of units produced.

Study Scope

This study analyzes the 67,000 unit US prefabricated housing industry. It presents historical demand data for the years 2002, 2007 and 2012, with forecasts for 2017 and 2022 by product (e.g., manufactured housing, modular housing, precut housing, panelized housing) and US region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 27 industry competitors such as Clayton Homes, Champion Home Builders, and Cavco Industries.

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Purchase Prefabricated Housing by the Section

  1. Prefabricated Housing

    $4,900.00

    1. 1 INTRODUCTION

      $168.00

    2. 2 EXECUTIVE SUMMARY

      $178.00

      1. Table | PREFABRICATED HOUSING SUPPLY & DEMAND (thousand units)

    3. 3 MARKET ENVIRONMENT

      $2,643.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Environment

        $207.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Consumer Trends

        $594.00

        1. 3.3.1 Personal Income & Expenditures

          $161.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)

        2. 3.3.2 Consumer Financing

          $396.00

          1. Table | CONSUMER FINANCING ENVIRONMENT, 2002-2012

      4. 3.4 Green Building Trends

        $96.00

      5. 3.5 Demographic Trends

        $332.00

        1. 3.5.1 Population

          $253.00

          1. Table | POPULATION & HOUSEHOLDS (million persons)

        2. 3.5.2 Households

          $82.00

      6. 3.6 Residential Construction Expenditures

        $655.00

        1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        2. 3.6.1 Housing Starts

          $221.00

          1. Table | HOUSING STARTS thousand units)

        3. 3.6.2 Housing Stock

          $179.00

          1. Table | HOUSING STOCK BY TYPE (million units)

        4. 3.6.3 Urban/Rural Housing Patterns

          $116.00

          1. Table | HOUSING STOCK BY LOCATION & TYPE (million units)

      7. 3.7 Pricing Trends

        $156.00

        1. Table | AVERAGE RETAIL HOUSING PRICES (thousand dollars per unit)

      8. 3.8 Market Trends

        $166.00

        1. Table | PREFABRICATED HOUSING MARKET, 2002-2012 (thousand units)

      9. 3.9 Real Estate Development

        $108.00

      10. 3.10 Foreign Trade

        $126.00

        1. Table | US FOREIGN TRADE IN PREFABRICATED HOUSING (thousand units)

      11. 3.11 International Environment

        $140.00

        1. Table | WORLD PREFABRICATED HOUSING DEMAND (thousand units)

    4. 4 OVERVIEW

      $536.00

      1. 4.1 General

        $212.00

      2. 4.2 Unit Outlook

        $144.00

        1. Table | PREFABRICATED HOUSING SUPPLY & DEMAND (thousand units)

      3. 4.3 Value Outlook

        $82.00

        1. Table | PREFABRICATED HOUSING SHIPMENTS BY VALUE (million dollars)

      4. 4.4 Cost Advantages Relative to Site-Built Housing

        $108.00

    5. 5 MANUFACTURED HOUSING

      $1,591.00

      1. 5.1 General

        $92.00

      2. 5.2 Outlook

        $165.00

        1. Table | MANUFACTURED HOUSING SUPPLY & DEMAND (thousand units)

      3. 5.3 Producers

        $94.00

        1. Table | MANUFACTURED HOUSING SHIPMENTS BY COMPANY, 2012

      4. 5.4 Product Design

        $282.00

        1. 5.4.1 Single-Section

          $98.00

          1. Table | SINGLE-SECTION MANUFACTURED HOUSING SHIPMENTS

        2. 5.4.2 Double-Section

          $82.00

          1. Table | DOUBLE-SECTION MANUFACTURED HOUSING SHIPMENTS

        3. 5.4.3 Three or More Sections

          $82.00

          1. Table | THREE OR MORE SECTION MANUFACTURED HOUSING SHIPMENTS

      5. 5.5 Cost Comparisons

        $142.00

      6. 5.6 Regulatory Issues & Trends

        $528.00

        1. 5.6.1 HUD Code

          $89.00

        2. 5.6.2 Delivery

          $82.00

        3. 5.6.3 Zoning

          $82.00

        4. 5.6.4 Community Ownership

          $91.00

        5. 5.6.5 Financing

          $211.00

      7. 5.7 Customer Base

        $288.00

        1. 5.7.1 Buyer Characteristics

          $82.00

        2. 5.7.2 Regional Variation in Demand

          $119.00

          1. Table | MANUFACTURED HOUSING PLACEMENTS BY STATE, 2012

        3. 5.7.3 Market Penetration by State

          $82.00

          1. Table | MANUFACTURED HOUSING PLACEMENTS AS A SHARE OF HOUSING STARTS, BY STATE, 2012 (thousand units)

    6. 6 OTHER PREFABRICATED HOUSING

      $1,164.00

      1. 6.1 General

        $164.00

        1. Table | OTHER PREFABRICATED HOUSING SUPPLY & DEMAND (thousand units)

      2. 6.2 Modular Housing

        $246.00

        1. Table | MODULAR HOUSING SHIPMENTS

        2. 6.2.1 Technology

          $102.00

        3. 6.2.2 Producers

          $82.00

      3. 6.3 Precut Housing

        $245.00

        1. Table | PRECUT HOUSING SHIPMENTS

        2. 6.3.1 Product Types

          $164.00

        3. 6.3.2 Producers

          $82.00

      4. 6.4 Panelized Housing

        $189.00

        1. Table | PANELIZED HOUSING SHIPMENTS

        2. 6.4.1 Technology

          $82.00

        3. 6.4.2 Producers

          $82.00

      5. 6.5 Cost Comparisons

        $82.00

      6. 6.6 Regulatory Trends & Issues

        $158.00

        1. 6.6.1 Building Codes

          $82.00

        2. 6.6.2 Regulations & Affordability

          $82.00

      7. 6.7 Customer Base

        $82.00

    7. 7 DEMAND BY REGION

      $2,466.00

      1. 7.1 General

        $82.00

      2. 7.2 Regional Demographic & Economic Trends

        $532.00

        1. 7.2.1 Population

          $168.00

          1. Table | POPULATION BY REGION (million persons)

        2. 7.2.2 Economic Outlook

          $166.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION (billion 2005 dollars)

        3. 7.2.3 Housing Trends

          $148.00

          1. Table | REGIONAL HOUSING STARTS & SALES (thousand units)

      3. 7.3 Regional Outlook for Prefabricated Housing

        $1,894.00

        1. Table | PREFABRICATED HOUSING DEMAND BY REGION (thousand units)

        2. 7.3.1 Northeast

          $395.00

          1. Table | NORTHEAST PREFABRICATED HOUSING DEMAND BY SUBREGION (thousand units)

          2. Table | NORTHEAST PREFABRICATED HOUSING DEMAND BY PRODUCT (thousand units)

        3. 7.3.2 Midwest

          $452.00

          1. Table | MIDWEST PREFABRICATED HOUSING DEMAND BY SUBREGION (thousand units)

          2. Table | MIDWEST PREFABRICATED HOUSING DEMAND BY PRODUCT (thousand units)

        4. 7.3.3 South

          $518.00

          1. Table | SOUTH PREFABRICATED HOUSING DEMAND BY SUBREGION (thousand units)

          2. Table | SOUTH PREFABRICATED HOUSING DEMAND BY PRODUCT (thousand units)

        5. 7.3.4 West

          $428.00

          1. Table | WEST PREFABRICATED HOUSING DEMAND BY SUBREGION (thousand units)

          2. Table | WEST PREFABRICATED HOUSING DEMAND BY PRODUCT (thousand units)

    8. 8 INDUSTRY STRUCTURE

      $4,931.00

      1. 8.1 General

        $99.00

      2. 8.2 Industry Composition

        $572.00

        1. 8.2.1 Integration

          $82.00

        2. 8.2.2 Revenues

          $82.00

          1. Table | US PREFABRICATED HOUSING SALES BY COMPANY, 2012 (million dollars)

        3. 8.2.3 Market Leaders

          $309.00

        4. 8.2.4 Other Industry Participants

          $82.00

      3. 8.3 Manufacturing

        $187.00

        1. 8.3.1 Automated Manufacturing Processes

          $82.00

        2. 8.3.2 Comparison to Site-Built Techniques

          $82.00

        3. 8.3.3 Product Development

          $82.00

      4. 8.4 Competitive Strategies

        $111.00

      5. 8.5 Marketing

        $87.00

      6. 8.6 Distribution

        $149.00

      7. 8.7 Mergers & Acquisitions

        $138.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 8.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 8.9 Company Profiles

        $3,580.00

        1. 8.9.1 All American Group Incorporated

          $198.00

        2. 8.9.2 American Homestar Corporation

          $165.00

        3. 8.9.3 Barden & Robeson Corporation

          $94.00

        4. 8.9.4 Barna (Jim) Log and Timber Homes

          $82.00

        5. 8.9.5 Beaver Mountain Log & Cedar Homes Incorporated

          $151.00

        6. 8.9.6 Berkshire Hathaway Incorporated

          $197.00

        7. 8.9.7 Cavco Industries Incorporated

          $428.00

        8. 8.9.8 Champion Home Builders Incorporated

          $148.00

        9. 8.9.9 Commodore Corporation

          $222.00

        10. 8.9.10 Excel Homes Group LLC

          $204.00

        11. 8.9.11 Fairmont Homes Incorporated

          $117.00

        12. 8.9.12 Honkarakenne Oyj

          $82.00

        13. 8.9.13 Horton Industries Incorporated

          $88.00

        14. 8.9.14 Jacobsen Manufacturing Incorporated

          $83.00

        15. 8.9.15 Liberty Homes Incorporated

          $90.00

        16. 8.9.16 Live Oak Homes

          $82.00

        17. 8.9.17 Manufactured Housing Enterprises Incorporated

          $82.00

        18. 8.9.18 Muncy Homes Incorporated

          $214.00

        19. 8.9.19 Natural Spaces Domes Incorporated

          $111.00

        20. 8.9.20 Nobility Homes Incorporated

          $144.00

        21. 8.9.21 Original Log Cabin Homes Limited

          $91.00

        22. 8.9.22 Professional Building Systems Incorporated

          $82.00

        23. 8.9.23 Ritz-Craft Corporation

          $86.00

        24. 8.9.24 Signature Building Systems of PA LLC

          $82.00

        25. 8.9.25 Skyline Corporation

          $117.00

        26. 8.9.26 Town & Country Cedar Homes

          $120.00

        27. 8.9.27 Wausau Homes Incorporated

          $83.00

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