Market Size of United States Manufactured Homes Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Manufactured Homes Market Analysis
The United States manufacturing housing market is expected to grow at a CAGR of more than 5% during the forecast period. The need for high-quality, reasonably priced homes has never been higher. Modern prefabricated homes are up to 50% less expensive per square foot than traditional site-built homes while yet providing exceptional quality and performance. Even in the face of a disparity in housing affordability that is always expanding, these savings enable more and more Americans to purchase their own house.
- The factory-building process's effectiveness makes prefabricated houses so reasonably priced. Manufactured homes are made nearly entirely off-site in a factory using standard building components.
- The controlled construction environment and assembly line processes eliminate many of the issues that arise during conventional home construction, such as weather, theft, vandalism, damage to building materials and supplies, and inexperienced workers. Compared to the system of outsourced labor used by the site-built house construction industry, factory workers are educated and controlled more successfully and efficiently.
- Similar to other assembly line processes, prefabricated houses profit from economies of scale brought about by buying huge numbers of components, goods, and appliances. When purchasing a manufactured home, the customer benefits directly from the manufacturer's ability to negotiate significant discounts on various building materials.
