Global Prefabricated Housing Markets to Increase to 829,000 Units by 2017

By
Home Builder with CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS 521400, 1501015, 01795582

Just wanted to pass this interesting information along to the AR community. 


AZoBuild - The A to Z of Building  
 
  Submit Form


 


 

 
 

Global Prefabricated Housing Markets to Increase to 829,000 Units by 2017

 

By Joel Scanlon

In a report titled “Prefabricated Housing: A Global Strategic Business Report” released by research firm Global Industry Analysts, it has been established that the global market for prefabricated housing is likely to reach 829,000 units by the year 2017.

The market for prefabricated homes has grown gradually over the years from trailers to mobile homes and now to factory built homes. The manufactured homes segment accounted for 10% of the total housing market in the US. Particularly in the year 2011, shipments for manufactured homes increase substantially as compared to previous years.

Prefabricated homes gain more preference and advantage over normal homes particularly for consumers such as young people, newly married couples and senior citizens who do not have many options regarding housing. With the concept of housing communities developing, the market for larger homes which are expensive to maintain is also declining. Despite all these positive prospects, obtaining retail finance for prefabricated houses is becoming difficult. Particularly after the recession, where the housing industry is still experiencing a slump, customers who have flawless credit records also are finding it difficult to obtain retail finance. Banks exercise extra precaution in lending finance for prefabricated homes as compared to regular homes.

Building green modular homes is also gaining importance as all federal governments are focussing more on providing green homes with lesser carbon footprints. According to the report the US and Europe are the two largest markets for prefabricated houses with other developing countries such as China, India, Korea and Taiwan contributing to a total annual compounded growth rate of 4.4% by 2017. Major companies covered in the report are Cavco Industries, Clayton Homes, Skyline Homes, Fairmont Homes, Asahi Kasei Homes and Champion Enterprises.

Source: http://www.strategyr.com

Posted by

Why To Choose Us?

John DL Arenden, Broker 

TAG Real Estate Sales & Investments

TAG (The Arendsen Group) Real Estate Sales & Investments is a full service, one-stop, turnkey, family owned and operated real estate brokerage, General Contractor, Manufactured Home Contractor, Developer, Investor, Property Manager, Interior Design, Engineering, architectural, Landscape design, Expert Witness, Consulting, Curative Title and Troubleshooting company with over 100 years of combined experience in the San Diego real estate sales, construction, design & development arena.

 

 

 

 

SUBSCRIBE TO MY BLOG VIA EMAIL: Enter your email address:

Delivered by FeedBurner

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California San Diego County Encinitas
Groups:
Active Rain Newbies
LA Connection
Addicted to Active Rain
MANUFACTURED HOME SALES AND LENDING INDUSTRY
Cool Stuff
Tags:
mobile homes
manufactured home lenders
manufactured modular home mortgage refinance
factory built housing

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
677,400

John DL Arendsen

Crest Backyard Homes "ADU" dealer & Contractor
Questions about Manufactured Housing?
*
*
*
*
Spam prevention

Additional Information