Need immediate assistance? Call 1 800.927.5900 or Contact Us
US demand for prefabricated housing is forecast to climb 2.6% per year to 145,300 units in 2024, with value demand reaching $10.8 billion. Gains will be spurred by:
- the shortage of affordable housing in the US, which will support demand for expensive site-built housing, such as prefabricated units
- heightened interest among consumers – particularly those whose finances were affected by the COVID-19 pandemic – in less expensive residences that are easier to finance
- efforts of manufactured housing builders to incorporate many of the features of site-built homes into their properties to enhance their curb appeal
- increasing use of modular residences – such as accessory dwelling units (ADUs) – to accommodate multigenerational living or to quickly erect multifamily housing complexes
Key Findings in the Prefabricated Housing Study:
Shortage of Affordable Housing to Boost Interest in Prefabricated Housing
The US has a shortage of affordable housing – an issue that is expected to continue due to the high cost and length of time needed to erect site-built homes and the increasing number of younger consumers who will want to own their own homes. This shortage of site-built homes will provide a market opportunity for prefabricated housing manufacturers, who can rapidly construct – for less cost than a site-built home – single-family residences that are affordable while also offering the amenities (such as large kitchens and multiple bathrooms) increasingly desired by consumers.
Manufactured Housing to Remain Popular Housing Choice in the South
Manufactured housing accounted for the largest share of prefabricated housing demand in the US in 2019 and will continue to do so through 2024, supported by its market position in the South. Manufactured housing accounts for a much larger share of the housing market in the South for a number of reasons, including a traditionally high level of use of the homes in the region, a lack of unfavorable zoning requirements that inhibit the placement of these residences, and the ready availability of land on which these residences can be sited. Going forward, the South is expected to see strong population growth; many new residents will opt for manufactured housing units as a more affordable option compared to site-built homes.
Interest in Multigenerational Living to Boost Demand for Modular Homes
Interest in multigenerational living has been on the rise in the US as people look for ways to care for aging relatives, provide childcare, and offset high housing costs across much of the US. One way to accommodate these multigenerational families is to add ADUs– either directly to an existing home or elsewhere on a property. ADUs are modular residences that have their own bathrooms, bedrooms, and living areas but occupy much less space than site-built homes (while also costing less). ADUs are ideal for housing younger people, those who are more interesting in living spaces with a smaller footprint, or senior citizens while also allowing people to live close to their relatives.
Add This Study To Your Cart.
Register, Checkout and
Verify Payment.
Your Report Is Available.
Table of Contents
1. Executive Summary
2. Overview
Study Scope & Types of Prefabricated Housing
Historical Market Trends
Prefabricated Housing Unit Demand
Prefabricated Housing Value Demand
Near-Term Impact of COVID-19
Pricing Outlook
Foreign Trade & Stock Changes
3. Factors Impacting Housing Demand
Residential Construction Trends
Housing Starts
Housing Stock
Urban/Rural Housing Patterns
Consumer Financing Trends
Regulatory Issues
HUD Code
Local Zoning
Transportation Regulations
Real Estate Development Trends
Green Building Trends
Cost Advantages Relative to Site-Built Housing
4. Manufactured Housing
Product Description
Supply & Demand
Value Demand & Total Installed Value
Number of Sections
Demand by Type
Single-Section
Double-Section
Three or More Sections
Producers & Market Share
Cost Advantages Relative to Site-Built Construction
Customer Base
Buyer Characteristics
Regional Variation in Demand
Housing Market Penetration by State
Community Ownership Trends
5. Modular (System-Built) Housing
Product Description
Supply & Demand
Value Demand & Total Installed Value
Tiny Homes
Customer Base
Producers & Market Share
6. Precut Housing
Product Description
Supply & Demand
Value Demand & Total Installed Value
Log Houses
Dome, A-Frame, Post-&-Beam
Customer Base
Producers
7. Panelized Housing
Product Description
Supply & Demand
Value Demand & Total Installed Value
Customer Base
Producers
8. Regions
Demand by Region
Northeast
Demand by Prefabricated Housing Type
Demand by Subregion
New England
Middle Atlantic
Midwest
Demand by Prefabricated Housing Type
Demand by Subregion
East North Central
West North Central
South
Demand by Prefabricated Housing
Demand by Subregion
South Atlantic
East South Central
West South Central
West
Demand by Prefabricated Housing Type
Demand by Subregion
Mountain
Pacific
9. Industry Structure
Key Findings & Industry Composition
Market Share
Marketing & Distribution
Mergers & Acquisitions
List of Industry Participants
10. Appendix
Scope
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Regional Economic Outlook
Demographic Trends
Consumer Spending
Housing Starts
List of Tables
2. Overview
Table 2-1 | Prefabricated Housing Market, 2002 - 2019
Table 2-2 | Prefabricated Housing Demand by Type & Market, 2009 - 2029 (thousand units)
Table 2-3 | Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units & million dollars)
Table 2-4 | Average Prefabricated Housing Retail Prices by Type, 2009 - 2029 (thousand dollars per unit)
Table 2-5 | US Prefabricated Housing Supply & Demand, 2009 - 2029 (thousand units)
3. Factors Impacting Housing Demand
Table 3-1 | Consumer Financing Environment, 2009 - 2019
4. Manufactured Housing
Table 4-1 | Manufactured Housing Supply & Demand, 2009 - 2029 (thousand units)
Table 4-2 | Manufactured Housing Demand & Installed Value, 2009 - 2029 (thousand units & million dollars)
Table 4-3 | Manufactured Housing Demand by Type, 2009 - 2029 (thousand units)
Table 4-4 | Single-Section Manufactured Housing Demand & Average Floor Space, 2009 - 2029 (thousand units, million dollars, & square feet)
Table 4-5 | Double-Section Manufactured Housing Demand & Average Floor Space, 2009 - 2029 (thousand units, million dollars, & square feet)
Table 4-6 | Three or More Section Manufactured Housing Demand & Average Floor Space, 2009 - 2029 (thousand units, million dollars, & square feet)
Table 4-7 | Manufactured Housing Shipments by Company, 2019 (units)
Table 4-8 | Manufactured Housing Shipments by State, 2019
Table 4-9 | Manufactured Housing Shipments as a Share of Housing Starts by State, 2019
5. Modular (System-Built) Housing
Table 5-1 | Modular Housing Supply & Demand, 2009 - 2029 (thousand units)
Table 5-2 | Modular Housing Demand & Installed Value, 2009 - 2029 (thousand units & million dollars)
Table 5-3 | Modular Housing Shipments by Company, 2019 (units)
6. Precut Housing
Table 6-1 | Precut Housing Supply & Demand, 2009 - 2029 (thousand units)
Table 6-2 | Precut Housing Demand & Installed Value, 2009 - 2029 (thousand units & million dollars)
7. Panelized Housing
Table 7-1 | Panelized Housing Supply & Demand, 2009 - 2029 (thousand units)
Table 7-2 | Panelized Housing Demand & Installed Value, 2009 - 2029 (thousand units & million dollars)
8. Regions
Table 8-1 | Prefabricated Housing Demand by Region, 2009 - 2029 (thousand units)
Table 8-2 | Northeast Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Table 8-3 | Northeast Prefabricated Housing Demand by Subregion, 2009 - 2029 (thousand units)
Table 8-4 | Midwest Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Table 8-5 | Midwest Prefabricated Housing Demand by Subregion, 2009 - 2029 (thousand units)
Table 8-6 | South Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Table 8-7 | South Prefabricated Housing Demand by Subregion, 2009 - 2029 (thousand units)
Table 8-8 | West Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Table 8-9 | West Prefabricated Housing Demand by Subregion, 2009 - 2029 (thousand units)
9. Industry Structure
Table 9-1 | US Prefabricated Housing Sales by Company, 2019 (million dollars)
Table 9-2 | Selected Mergers & Acquisitions
Table 9-3 | Selected Industry Participants
10. Appendix
Table 10-1 | Study Scope: US Geographic Regions & Subregions
Table 10-2 | Relevant Industry Codes
Table 10-3 | Relevant HS Codes
Table 10-4 | Abbreviations & Acronyms Used in Study
Table 10-5 | February 2020 Macroeconomic Indicators, 2009 - 2024 (billion 2012 dollars)
Table 10-6 | Gross Domestic Product by Region, 2009 - 2019 (billion 2012 dollars)
Table 10-7 | Resident Population & Households, 2009 - 2029
Table 10-8 | February 2020 Personal Consumption Expenditures, 2009 - 2024 (billion dollars)
Table 10-9 | New Housing Indicators, 2009 - 2029 (thousand units)
List of Figures
1. Executive Summary
Figure 1-1 | Prefabricated Housing Market
2. Overview
Figure 2-1 | Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Figure 2-2 | Average Retail Housing Prices, 2009 - 2029 (thousand dollars per unit)
3. Factors Impacting Housing Demand
Figure 3-1 | US Housing Stock, 2009 - 2029 (thousand units)
Figure 3-2 | US Urban/Rural Housing Patterns, 2009 - 2019 (thousand units)
Figure 3-3 | Housing Total Cost by Type, 2009 - 2029 (thousand dollars per unit)
4. Manufactured Housing
Figure 4-1 | Manufactured Housing Demand, 2009 - 2029 (thousand units)
Figure 4-2 | Manufactured Housing Market Share by Company, 2019 (units)
Figure 4-3 | Cost Comparisons: Manufactured Housing & Site-Built Housing, 2019 (thousand dollars per unit)
Figure 4-4 | Manufactured Housing Shipments by State, 2019 (thousand units)
Figure 4-5 | Manufactured Housing Shipments as a Share of Total Housing Starts by State, 2019 (percent of housing starts)
5. Modular (System-Built) Housing
Figure 5-1 | Modular Housing Demand, 2009 - 2029 (thousand units)
Figure 5-2 | Modular Housing Market Share by Company, 2019 (units)
6. Precut Housing
Figure 6-1 | Precut Housing Demand, 2009 - 2029 (thousand units)
Figure 6-2 | Log House Example
Figure 6-3 | Dome, A-Frame, & Post-&-Beam Examples
7. Panelized Housing
Figure 7-1 | Panelized Housing Demand, 2009 - 2029 (thousand units)
8. Regions
Figure 8-1 | Prefabricated Housing Demand by Region, 2009 - 2029 (thousand units)
Figure 8-2 | Northeast Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Figure 8-3 | Northeast Prefabricated Housing Demand, 2009 - 2029 (thousand units)
Figure 8-4 | New England Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-5 | Middle Atlantic Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-6 | Midwest Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Figure 8-7 | Midwest Demand, 2009 - 2029 (thousand units)
Figure 8-8 | East North Central Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-9 | West North Central Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-10 | South Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Figure 8-11 | South Prefabricated Housing Demand, 2009 - 2029 (thousand units)
Figure 8-12 | South Atlantic Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-13 | East South Central Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-14 | West South Central Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-15 | West Prefabricated Housing Demand by Type, 2009 - 2029 (thousand units)
Figure 8-16 | West Prefabricated Housing Demand, 2009 - 2029 (thousand units)
Figure 8-17 | Mountain Prefabricated Housing Demand Share by Type, 2019 (units)
Figure 8-18 | Pacific Prefabricated Housing Demand Share by Type, 2019 (units)
9. Industry Structure
Figure 9-1 | US Prefabricated Housing Market Share, 2019 (billion dollars)
Figure 9-2 | Prefabricated Housing Market: Leading Supplier, 2019
Figure 9-3 | Prefabricated Housing Market: Second Leading Supplier, 2019
Figure 9-4 | Prefabricated Housing Market: Third Leading Supplier, 2019
10. Appendix
Figure 10-1 | Real GDP: February 2020 Forecast vs. April 2020 Revised Forecast (% annual change)
Figure 10-2 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)
Figure 10-3 | Annual Population Growth, 2004 - 2019 (percent)
Figure 10-4 | Personal Consumption Expenditures: February 2020 Forecast vs. April 2020 Revised Forecast (% annual change)
© by The Freedonia Group, a division of MarketResearch.com