Shipping prefabricated homes are projected to reach 112000 units by the end of 2018.
There are several kinds of prefabricated homes- container homes, wooden homes, panelized prefab homes and so on. Manufactured homes are built according to modular, HUD building code and so on as per the local and state building regulations.
As per market research report on prefabricated houses, prefab homes are re- emerging as a one- stop solution for eco- friendly, affordable housing. Baby boomer population- the ones who are expected to drive demands for pre- owned and new houses in the upcoming future.
Manufactured prefabricated houses represent the largest product segment accounting for over 50% of the market volumes.
Modular homes are expected to overcome other segments with an annual growth projected to 2.6%. When it comes to manufactured homes sector, single- section manufacturing houses itself took over the multi- section as the largest sub- segment!
Prefab housing is highly popular amongst low- income home buyers, newly- weds, employed youth and so on. However, the lack of incentives, financial support and so on on the government's end continues to stall the recovery rate of the prefab industry.
In spite of close resemblance of prefab houses with site- built homes, the growth is rapid and largely tempered by buyers associated with mobile and manufactured homes. It's highly popular amongst people who are looking for cheap yet beautiful homes!
Now that the environmental awareness and pressures with regard to regulation has increased, it's driving in a lot of demands for energy efficient and green homes. Prefab homes are gaining popularity amongst new home buyers as these off- site built houses give room for owners with similar monetary, taxation and legal benefits.
Also, BIM- Building Information Modeling Software is complemented by several prefab home builders as it's boosting consumer building as well as contractor building to a great level.
Builders and manufacturers are incorporating several technologies like SIPs or, Structural Insulated Panels and other amazing eco- friendly technologies to secure LEEDs and other local building certifications. This is to improve the overall appeal of prefabricated houses among the growing section of the eco- friendly customers.
In the end, prefab homes are growing for reasons like them being green homes, energy efficient. Also, these homes have terrific customized finishes which the conventional building style cannot provide you with. Most importantly, they're cheap and open for all- the best option for today's generation who are building new homes for themselves.
Why pay home rent for years when you can build yourself a cheap, lovely home?
L32, Ground Floor,J.S. Tower, 2nd A Main Road, HSR Layout,
6th Sector,Bangalore - 560102, Karnataka, India.