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. The US prefabricated housing industry encompasses a number of shelter
products -- manufactured, modular, precut, and panelized housing -- that reduce
the need for on-site construction. While the rebound in overall housing demand
will boost demand for all prefabricated housing, the trends will differ for
manufactured housing and other prefabricated types. Manufactured housing’s
market share is projected to drop from that of the 2007-2012 period as
conventional mortgages become easier to obtain. Thus growth in manufactured
housing demand will trail that of overall single-family housing demand. For
other prefabricated housing, market shares will be little changed, and demand
increases will be similar to that for single-family housing overall.
To Know More - Prefabricated Residential Housing to 2017
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