Global Prefabricated Housing Industry

  • February 2015
  • -
  • Global Industry Analysts
  • -
  • 293 pages

This report analyzes the US market for Prefabricated Housing in Shipments in Units by the following Product Segments: Manufactured Housing (Single-Section, & Multi-Section), Modular Housing, Precut Housing, and Panelized Housing. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for this market. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 310 companies including many key and niche players such as -

American Ingenuity, Inc.
Cavco Industries, Inc.
Champion Home Builders, Inc.
Clayton Homes Inc.
Commodore Corp.

Table Of Contents

Global Prefabricated Housing Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definition and Scope of Study I-3
Manufactured/Mobile Housing I-3
Single-section and Multi-section Manufactured Housing I-4
Modular Housing I-4
Precut Housing I-4
Panelized Housing I-4


II. A US MARKET REPORT

1. INDUSTRY OVERVIEW II-1
Prefabricated Housing - An Evolutionary Solution to Housing
Problems Worldwide II-1
Curtain Raiser to the US Prefabricated Housing Market II-2
Market Drivers and Barriers for Prefabrication Industry in
the US II-4
Manufactured Housing II-4
Modular Systems II-5
Precut Homes II-5
Panelized Homes II-6
Current and Future Analysis II-6
Analysis by Segment II-6
Manufactured Housing II-6
Modular Housing II-6
Pre-cut Homes II-7
Panelized Housing II-7
Impact of Subprime Crisis and Economic Recession on
Prefabricated Housing Segments II-7
Manufactured Housing II-7
Post-Recession Scenario II-8
Modular and Panelized Housing II-9

2. MANUFACTURED HOUSING IN THE US: AN ANALYTIC REVIEW II-10
Quick Facts II-10
Cyclical Fluctuations in Sales Volumes II-10
Table 1: Seasonal Cyclicality of US Manufactured Housing
Market (September 2013-August 2014): Shipment Volumes in ‘000
by Month (includes corresponding Graph/Chart) II-11
Snapshot of Industry Structure II-11
Table 2: Overview of Manufactured Housing Companies and
Active Production Plants in the US Market (1982, 1992, 2002,
2012 and 2014) (includes corresponding Graph/Chart) II-12
Demand Determinants for Manufactured Housing II-13
Population II-13
Demographic Dynamics II-13
Table 3: US Manufactured Housing Ownership by Location
(2014): Percentage Breakdown of Housing Units for Rural,
Semi-urban and Urban Areas (includes corresponding
Graph/Chart) II-13

Table 4: US Manufactured House Ownership by Age (2014):
Percentage Breakdown of Ownership Pattern by Age Group in
Years (includes corresponding Graph/Chart) II-14

Table 5: US Manufactured House Ownership by Income (2014):
Percentage Breakdown of Ownership Pattern by Household
Income in US$ (includes corresponding Graph/Chart) II-14

Table 6: US Manufactured House Ownership by Population
(2014): Percentage Breakdown of Ownership Pattern by Living
Population Category (includes corresponding Graph/Chart) II-15
Cost Imperatives II-15
MH Industry Stands Consolidated to Three Big Players II-15
Table 7: US Manufactured Homes Market by Leading Players
(2014): Percentage Breakdown of Shipments for Clayton Homes,
Champion Home Builders, Cavco Industries, and Others
(includes corresponding Graph/Chart) II-16
Manufactured Home Retailing II-16
Manufactured Home Communities II-16
Changes in Consumer Financial Protection Laws - Impact on MH
Market II-17
Changes to HOEPA to Reduce Credit Access for Manufactured
Home Loans II-17
Loan Originator Rule Builds Consumer's Trust II-17
Higher-Priced Appraisals for Non-QM Compliant Mortgages II-17
Amendment in Escrow Requirements Offers Relief to Small Rural
Creditors II-17

3. MARKET TRENDS II-18
Manufactured Housing Industry Witnesses Continued Growth II-18
Diverse Regional Dynamics Define MH Demand II-18
Table 8: Manufactured Homes Shipment (in %) by US States for
2014 (includes corresponding Graph/Chart) II-19

Table 9: Manufactured Homes Market in US States (2014):
Percentage Breakdown of Shipments by Single-section and
Multi-section (includes corresponding Graph/Chart) II-20
Sector Recovery Bogged Down by Weak Government Support II-21
Bay Area, a High-Potential Zone for Manufactured Homes II-21
Manufactured Housing Mired in Misconceptions II-21
Financing Remains a Bottleneck for the Manufactured Housing
Market II-22
Secondary Market Critical for Growth of Prefab Housing Market II-23
Prefabricated Housing Offers Respite from Energy Crisis II-23
Single-Section Units to be More Favored II-24
Table 10: Price Comparison between Manufactured and
Site-Built Homes (2014 and 2015): Breakdown of Price per Square
Foot in US$ by Housing Type - Manufactured Housing
(Single-Section and Multi- Section), and Single-Family
Site-Built Housing (includes corresponding Graph/Chart) II-25
Manufactured Home Communities Regain Lost Ground II-25
Table 11: Residential Manufactured Housing Market (2011, 2013 and
2015): Percentage Breakdown of New Housing Units by
Property Type - Manufactured Housing Communities, and
Manufactured Housing on Private Property (includes
corresponding Graph/Chart) II-26

Table 12: Top 15 States with Largest Number of Manufacturing
Housing Communities (2013): Percentage Breakdown for
California, Florida, Texas, North Carolina, South Carolina,
Pennsylvania, Arizona, Georgia, Kentucky, New York, Alabama,
Ohio, Tennessee, Missouri, Oregon and Others (includes
corresponding Graph/Chart) II-27
Prefabricated Houses Offer a Formidable Solution for Emergency
Housing II-27
Green Panelized Housing Finds More Takers II-28
Moderate Demand Forecast for Modular Housing II-29
Modular Housing - A Solution for the Housing Shortage Challenge II-30
Modular Housing Remains Trapped in Niche II-30
Prefab Housing Sector Recoups Faster During Housing Market
Recovery II-30
Log Home Producers Head for International Markets II-31
Positive Indicators to Make Dream Log Home a Reality II-31
Prefab Housing Manufacturers Keenly Eye Baby Boomers Market II-32
Structural Insulated Panels Gains Immense Popularity II-32
Panel Manufacturers Witness the Much Awaited Turnaround II-33
Table 13: US Structural Panel Production (2013, 2015 and 2018):
Breakdown of Volumes in Billion Square Feet for Plywood and
Oriented Strand Board (includes corresponding Graph/Chart) II-33

4. PANORAMIC VIEW OF THE US CONSTRUCTION MARKET II-34
Construction Market Prospects Closely Tied to Economic Situation II-34
Future of the Construction Market Appears Bright II-34
Construction Market: A Recent Past Review in Retrospect II-34
Steep Decline in Construction Activity in the US during 2007-09 II-34
Table 14: Housing Starts in the United States (2006-2009):
Yearly Breakdown of Number of Housing Starts (in ‘000 Units)
(includes corresponding Graph/Chart) II-35

Table 15: Building Permits in the US (2007-2009) (in '000s)
(includes corresponding Graph/Chart) II-36
Market Recovers in 2010 and Beyond II-36

5. PRODUCT OVERVIEW II-37
Prefabricated Housing II-37
Manufactured or Mobile Housing Systems II-37
Evolution from Mobile Homes II-37
Construction and Installation II-37
Affordability and Convenience - the USP II-38
High Performance Housing- the Next Phase II-38
Leading High Performance Housing Market by Design and
Average Prices II-38
US Regulatory Stipulations II-39
The HUD Code II-39
Other Regulations II-39
Manufactured Housing Finance II-40
Chattel Loan II-40
Modular Housing Systems II-40
Designs and Features II-41
Regulatory Overview II-41
Setting Up a Modular House II-41
Evolutionary Perspective II-42
Major Modular Home Styles II-42
Cape Cod II-42
Ranch II-43
Two Story II-43
Hybrid Manufactured-Modular Homes II-43
Advantages of Modular Homes II-43
Lower Costs II-43
Good Build Quality II-43
Faster Delivery II-43
Involvement of Skilled Builders II-44
Involvement of Fewer Subcontractors II-44
Fewer Manufacturing Defects II-44
Same Benefits as Site-built homes II-44
FHA Insurance for Modular Homes II-44
Precut Prefabricated Housing Systems II-45
Pros and Cons of Pre-cut Housing II-45
Types of Pre-cut Housing II-45
Kit Homes II-45
Log Homes II-46
Log Home Ecosystem II-47
Manufacturers II-47
Representatives and Dealers II-47
Contractor or Builder II-48
Types of Log Homes and Timber Homes II-48
Handcrafted Log Homes II-48
Milled Log Homes II-48
Types of Log Used II-49
Green and Dried Logs II-49
Air-dried logs II-49
Kiln-dried logs II-49
Cants Logs/ Glue-laminated Timber II-49
Milled Logs Profiles II-50
Evolution of Log Homes II-50
Benefits of Log Homes II-50
Appraising Log Homes II-51
Post-and-beam or Timber Frame Homes II-51
Popular Timber Frame Architectural Styles II-52
Yurts II-52
Geodesic Homes II-53
Benefits of Geodesic Dome Homes II-54
Panelized Housing Systems II-54
Types of Prefabricated Panel Systems II-55
Wood Frames II-55
Open Sheathed Panels II-55
Structural Sandwich Panels II-55
Unsheathed Structural Panels II-56
Metal Frames II-56
Precast-Concrete Frames II-57
Fiberglass Skins II-57
Pros and Cons of Panelized Housing System II-57
Design Flexibility II-57
Cost and Time Savings II-57
High Quality of Construction II-58
Eco-friendly Construction II-58
Cons II-58

6. PRODUCT INTRODUCTIONS II-59
C3 Design Introduces Novel Prefabricated Homes Collection II-59
Landmark Home and Land Company Unveils New Panelized Home Kit II-59
Deltec Homes and Appalachian State University Unveil The Solar
Homestead II-59
Method Homes and Skylab Architecture Unveil Homb II-59
Cavco Industries and LivingHomes Jointly Unveil C6 Modular Homes II-59
Method Homes Unveils Cottage Series Homes II-59
PrecisionCraft Releases Cedar Bluff Design II-59

7. RECENT INDUSTRY ACTIVITY II-60
Ritz-Craft to Re-Open Production Facility in Pennsylvania II-60
Palm Harbor to Build Modular Cottages for Little Palm Cottage II-60
Champion Home Builders to Build Homes in Detroit's Penrose II-60
Champion Home Builders Acquires Athens Park Homes II-60
Blu Homes Purchases Assets of Modern Cabana II-60
Pro-Fab Acquires Guildcrest Building Corporation II-60
Log Cabin Homes Completes Acquisition of Cedar Log Producer II-60
Big Foot Manufacturing Merges with CNW Log Homes II-61
Connect:Homes Commences Operations II-61
Innovative Composites International Commences Production at
South Carolina Facility II-61
Ritz-Craft Corporation Forays into Canadian Market II-61
GDH Housing Selects Ritz-Craft for Hotel Project at Williston II-61
Clayton Homes Inks Appliances Supply Agreement with Whirlpool II-61
Champion Home Builders Allies with Genco Bakken for Northern
Lights Project II-61

8. FOCUS ON SELECT PLAYERS II-62
American Ingenuity, Inc. II-62
American Homestar Corporation II-62
Cavco Industries, Inc. II-63
Palm Harbor Homes II-63
Champion Home Builders, Inc. II-64
Clayton Homes Inc. II-64
Commodore Corp. II-65
Deltec Homes, Inc. II-66
Endeavor Homes II-66
Gastineau Log Homes II-67
Innovative Building Systems, Inc. II-67
All American Group LLC II-68
Excel Homes Group LLC II-69
Lindal Cedar Homes, Inc. II-70
Muncy Homes, Inc. II-70
New Panel Homes, Inc. II-70
Pacific Modern Homes, Inc. II-71
Pleasant Valley Homes, Inc. II-72
Professional Building Systems, Inc. II-72
Ritz-Craft Corporation, Inc. II-73
Signature Building Systems, Inc. II-74
Skyline Homes II-74
Southland Log Homes II-74
Wisconsin Log Homes, Inc. II-75

9. THE US MARKET PERSPECTIVE II-76
Table 16: US Recent Past, Current and Future Analysis for
Prefabricated Housing by Product Segment - Manufactured
(Single-Section and Multi-Section), Modular, Precut, and
Panelized Housing Markets Independently Analyzed with Annual
Shipments in Units for Years 2013 through 2020 (includes
corresponding Graph/Chart) II-76

Table 17: US Historic Review for Prefabricated Housing by
Product Segments - Manufactured (Single-Section and
Multi-Section), Modular, Precut and Panelized Housing Markets
Independently Analyzed with Annual Shipments in Units for
Years 2006 through 2012 (includes corresponding Graph/Chart) II-77

Table 18: US 15-Year Perspective for Prefabricated Housing by
Product Segments - Percentage Share Breakdown of Volume
Shipments for Manufactured (Single-Section and Multi-Section),
Modular, Precut and Panelized Housing Markets for 2006, 2014
and 2020 (includes corresponding Graph/Chart) II-78

10. REVIEW OF KEY REGIONAL MARKETS II-79
Canada II-79
Market Overview II-79
Active Oils and Gas Sector Fuels Demand for Modular Housing II-79
Japan II-80
Market Overview II-80
Europe II-80
Market Overview II-80
Western Europe - A Promising Market II-81
Evolution of German Offsite Construction Market II-82
Bird's Eye View of Offsite Construction in the United Kingdom II-82
Demand for Panelized Modular Building Systems to Surge II-83
SIP Systems Gaining Popularity in UK II-83
Offsite Construction Industry Faces Uphill Task in UK II-83
Asia-Pacific II-84
Australian Building Industry Perceives Prefabricated
Construction as the Future II-84
Technological Advancements to Spearhead Growth in Chinese
Prefab Housing Market II-84
Prefabricated Housing Yet to Reach Full Market Potential in
India II-85
Indian Consumer Affinity for Modular Housing on the Rise II-85
New Zealand Offsite Construction Market Shackled by Unawareness II-86
Middle East and Africa II-86
High Potential for Off-site Construction in Middle East II-86
Kenyan Low-end Housing Market to Open Up II-86
Panelized Housing to Take Off in Kenya II-87



III. COMPETITIVE LANDSCAPE

Total Companies Profiled: 310 (including Divisions/Subsidiaries - 315)

The United States (200)
Canada (54)
Japan (8)
Europe (34)
- France (1)
- Germany (13)
- The United Kingdom (6)
- Italy (3)
- Rest of Europe (11)
Asia-Pacific (Excluding Japan) (12)
Middle East (5)
Africa (2)

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