Abstract
Demand to rise more than 3% annually through 2011
The US prefabricated housing industry is composed of two principal product
segments that have had different experiences over the past decade. Since 1998,
manufactured housing shipments have declined nearly every year, and in 2006
they were one-third of their cyclical peak. Shipments of other prefabricated
housing types rose slightly over this period, aided by a residential
construction boom. The larger manufactured housing segment is expected to
return to small, albeit positive growth through 2011, while other
prefabricated housing types see a modest penetration growth. As a whole,
shipments of prefabricated housing are forecast to grow in excess of three
percent per annum, reaching $10.3 billion in 2011.
Manufactured housing segment to rebound after long period of decline
Manufactured housing is projected to achieve above-average growth through
2011, and approach $6.4 billion. This is the result of positive shipments
growth after a long period of depressed demand during which easier credit and
rising home value made site-built homes relatively more attractive. Driving
demand for manufactured housing will be multisection units, particularly those
with three or more sections. Demand for multisection manufactured housing will
benefit from increased market penetration, as households increasingly choose
the economy of manufactured housing over site-built homes.
Study coverage
It presents historical demand data for the years 1996, 2001 and 2006 plus
forecasts for 2011 and 2016 by product and regional US market. The study also
considers market environment factors, evaluates company market share and
profiles 30 industry competitors.
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