Manufactured Housing Market Improvement, Orientation and Forecast 2025|Key Players- Nobility Homes, Modular Homeowners more
Manufactured Housing Market to 2025
The Manufactured Housing Market is a rapidly growing segment of the housing market in the United States. Manufactured homes are becoming increasingly popular due to their affordability, modern designs, and energy efficiency. Manufactured homes offer many advantages over traditional site-built homes, including shorter construction times, lower building costs, and a wide variety of potential locations. Manufactured homes can also be customized and personalized to meet the needs of individual buyers.
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Examples of some of the market participants identified in the North America manufactured housing market include:
- Nobility Homes, Inc.
- Modular Homeowners
- Cavco Industries, Inc.
- Champion Home Builders Inc.
- Palm Harbor Homes
- Fleetwood Homes
- Jacobsen Homes
- Excel Homes
- Woodlund Homes
- DUTCH HOUSING, INC.
- Chief Custom Homes
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The manufactured housing market is a potential market, especially in North America, where the demand for affordable and quality housing is continuously increasing. Manufactured housing is a type of prefabricated housing. The houses are built in factories, then assembled and are then transported to the housing site trough trucks and trailers.
Manufactured housing has brought a revolution in the housing industry, as one can own a house at a price that costs at least 10-20% lesser than the cost of a site-built home. Further, highly customized interior and exterior designs are available, depending upon the choice of the customer. Manufactured housing industry in North America generates significant revenue and the industry is expected to witness high value growth over the forecast period.
North America Manufactured Housing Market: Segmentation
By product type
- Manufactured Homes
- Modular Homes
- Panelized Homes
By construction type
- Single section
North America Manufactured Housing Market: Region-wise Outlook
In North America manufactured housing market, the U.S. accounts for a larger share of the revenue generated from the sales of manufactured housing, whereas Canada holds only nominal share of the revenue. The market in the U.S. is marked by the presence of a large number of manufactured housing manufactures and service providers, who hold significant positions in the local as well as global market.
Canada has witnessed slowdown in construction spending in the recent past, the manufactured housing market in the country is expected to struggle for growth as the industry has witnessed slowdown in installation rate, however slow recovery is projected over the forecast period.
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Manufactured homes have also become increasingly popular with retirees who are looking for cost-effective ways to downsize their living arrangements while still maintaining independence and lifestyle preferences they enjoyed while younger. Manufacturers have adapted their product lines accordingly by focusing on amenities such as upgraded appliances, modern finishes, and larger windows that allow natural light into interior spaces – all features that appeal to elderly customers seeking lower-cost solutions without sacrificing comfort or convenience.
As Manufactured Housing Market continues its growth trajectory into 2020 and beyond, it will be interesting to see how individual companies adapt their strategies in order to remain competitive in this dynamic sector – especially smaller independents who lack the resources held by larger players such as Clayton Homes but may offer greater flexibility when it comes to customization options for customers seeking custom solutions that fit both their lifestyles and budget constraints perfectly.
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Published Fri, 16 Dec 2022 10:41:57 -0600