San Jose, California (PRWEB) February 14, 2013
Follow us on LinkedIn – The prefabricated housing sector took a major hit with the burst of the sub-prime crisis at the start of the 21st century and suffered further at the hands of the global economic recession and subsequent slump in the US housing industry. However, the gradual recovery of the economy is creating fertile ground for revitalizing demand for prefabricated housing in the North American market. Manufactured, modular, panelized, and precut homes are the major types of prefab housing prevailing in the US market, with manufactured housing accounting for the bulk of shipments. While manufactured homes are built according to HUD building Code, modular, panelized, and precut homes are built as per the state and local building regulations.
As stated by the new US market research report on Prefabricated Housing, prefabricated buildings are re-emerging as a one-stop solution for affordable, eco-friendly housing following years of sluggish growth. Prefab home manufacturers and builders are keenly eyeing the baby boomer population, who are expected to drive the demand for pre-owned and new houses in the near future.
In terms of product segments, Manufactured Housing represents the largest segment accounting for more than half of market volumes, while Modular Homes are expected to outstrip other segments with a projected CAGR of 2.6% over the analysis period. Within the manufactured homes sector, single-section manufactured housing overtook multi-section manufactured housing as the largest sub-segment, and is also projected to surge ahead at a robust CAGR of about 9.9% through the forecast period.
Manufactured Housing is highly popular among the lower-income home purchasers, employed youth, newly-weds, and senior citizens. However, the lack of adequate financial support and incentives from the government continues to stall the recovery of the manufactured housing industry. Despite the close resemblance of the modern prefabricated houses to site-built homes, growth of the market in the US has been largely tempered by consumers associating manufactured and mobile homes with the ‘trailer park homes’ of yesteryears that were largely owned by weaker sections of the society and transient residents.
Growing environmental awareness and regulatory pressures are also driving the demand for eco-friendly and energy-efficient modular homes. Modular homes are gaining popularity among new home buyers, as these factory-built houses provide owners with similar monetary, legal, and taxation benefits, such as stick-built homes. Moreover, the increasing adoption of Building Information Modeling (BIM) software in the design phase, complemented by other novel manufacturing technologies, is boosting consumer and building-contractor acceptance for these volumetric constructions.
Manufacturers and builders are increasingly incorporating Panelized Housing technologies, such as Structural Insulated Panels (SIPs) and other cutting-edge eco-friendly technologies, to secure LEEDs, Energy Star, and local green-building certifications for their projects, in order to improve the appeal of panelized homes among the growing section of environmentally aware consumers. Although the popularity of traditional kit homes waned steeply in recent years, other forms of Precut Housing, including packaged log homes, geodesic dome homes, and timber frame homes, continue to enjoy a robust following among American consumers. Log home manufacturers in the US are gearing up to meet a revival in demand for retirement homes in the domestic market as well as reaching out to international markets to dilute business risk.
Leading players profiled in the report include American Ingenuity Inc., Cavco Industries Inc., Palm Harbor Homes, Champion Home Builders Inc., Clayton Homes Inc., Commodore Corp., Deltec Homes Inc., All American Group LLC, Excel Homes Group LLC, New Panel Homes Inc., Pacific Modern Homes Inc., Pleasant Valley Homes Inc., Ritz-Craft Corporation Inc., and Skyline Homes, among others.
The research report titled “Prefabricated Housing: A US Market Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the value chain, product and market trends as well as challenges, growth drivers, competitive scenario, and regulations in the US prefab housing market. The report also profiles key players operating in the US prefab housing market, and encapsulates recent product introductions and major corporate developments. The analysis is backed by quantified estimates and forecasts of unit shipments of prefabricated houses in the US market over the period 2010-2018 with a breakdown for major product segments, namely Manufactured Housing, Modular Housing, Precut Housing and Panelized Housing. Also, a six-year (2004-2009) historic analysis is provided for an additional perspective.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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