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.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Consumer Trends
- Personal Income & Expenditures
- Consumer Financing
- General
- Manufactured Housing
- Green Building Trends
- Demographic Trends
- Population
- Households
- Residential Construction Expenditures
- Housing Starts
- Housing Stock
- Urban/Rural Housing Patterns
- Gulf Coast Reconstruction
- Pricing Trends
- Market Trends
- Real Estate Development
- Foreign Trade
- International Environment
III. OVERVIEW
- General
- Unit Outlook
- Value Outlook
- Cost Advantages Relative to Site-Built Housing
IV. MANUFACTURED HOUSING
- General
- Producers
- Product Design
- Single-Section
- Double-Section
- Three or More Sections
- Cost Comparisons
- Regulatory Issues & Trends
- HUD Code
- Delivery
- Zoning
- Community Ownership
- Financing
- Customer Base
- Buyer Characteristics
- Regional Variation in Demand
- Market Penetration by State
V. OTHER PREFABRICATED HOUSING
- General
- Modular Housing
- Technology
- Producers
- Precut Housing
- Product Types
- Log Houses
- Other Precut Houses
- Producers
- Product Types
- Panelized Housing
- Technology
- Producers
- Cost Comparisons
- Regulatory Trends & Issues
- Building Codes
- Regulations & Affordability
- Customer Base
VI. DEMAND BY REGION
- General
- Regional Demographic & Economic Trends
- Population
- Economic Outlook
- Housing Trends
- Regional Outlook for Prefabricated Housing
- Northeast
- New England
- Middle Atlantic
- Northeast Prefabricated Housing Trends
- Midwest
- East North Central
- West North Central
- Midwest Prefabricated Housing Trends
- South
- South Atlantic
- East South Central
- West South Central
- South Prefabricated Housing Trends
- West
- Mountain
- Pacific
- West Prefabricated Housing Trends
- Northeast
VII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Integration
- Revenues
- Market Leaders
- Clayton Homes
- Champion Homes
- Fleetwood Enterprises
- Other Leaders
- Other Industry Participants
- Manufacturing
- Automated Manufacturing Processes
- Comparison to Site-Built Techniques
- Product Development
- Competitive Strategies
- Marketing
- Distribution
- Financial Issues
- Mergers & Acquisitions
- Cooperative Agreements
- COMPANY PROFILES
- Admiration Builders, see Four Seasons Housing
- American Homestar Corporation
- AvisAmerica, see Excel Homes
- Barden & Robeson Corporation
- Barna Log Homes
- Beaver Mountain Log & Cedar Homes Incorporated
- Berkshire Hathaway Incorporated
- Cavalier Homes Incorporated
- Cavco Industries Incorporated
- Champion Enterprises Incorporated
- Coachmen Industries Incorporated
- Excel Homes Incorporated
- Fairmont Homes Incorporated
- Fleetwood Enterprises Incorporated
- Four Seasons Housing Incorporated
- Honkarakenne Oyj
- Horton Industries Incorporated
- John Wick Homes, see Wick Building Systems
- Liberty Homes Incorporated
- Log Cabin Homes Limited
- Muncy Homes Incorporated
- Nationwide Custom Homes Incorporated, see Palm Harbor Homes
- Natural Spaces Domes Incorporated
- Nobility Homes Incorporated
- Oregon Yurtworks LLC
- Palm Harbor Homes Incorporated
- Patriot Homes Incorporated
- Penn Lyon Homes Corporation
- Prestige Home Centers Incorporated, see Nobility Homes
- Ritz-Craft Corporation
- Skyline Corporation
- Southern Energy Homes Incorporated, see Berkshire Hathaway
- Town & Country Cedar Homes
- Walter Industries Incorporated
- Wausau Homes Incorporated
- Wick Building Systems Incorporated
- WoodPerfect Limited, see Berkshire Hathaway
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Personal Income & Expenditures
- 3 Consumer Financing Environment, 1996-2006
- 4 Resident Population
- 5 Residential Construction Expenditures
- 6 Housing Starts by Type
- 7 Housing Stock by Location & Type
- 8 Average Retail Housing Prices
- 9 Prefabricated Housing Market, 1996-2006
- 10 US Foreign Trade in Prefabricated Housing
- 11 World Prefabricated Housing Demand
SECTION III -- OVERVIEW
- 1 Prefabricated Housing Supply & Demand
- 2 Prefabricated Housing Shipments by Value
SECTION IV -- MANUFACTURED HOUSING
- 1 Manufactured Housing Supply & Demand
- 2 Manufactured Housing Shipments by Company, 2006
- 3 Single-Section Manufactured Housing Shipments
- 4 Double-Section Manufactured Housing Shipments
- 5 Three or More Section Manufactured Housing Shipments
- 6 Manufactured Housing Placements by State, 2006
- 7 Manufactured Housing Placements as a Share of Housing Starts by State, 2006
SECTION V -- OTHER PREFABRICATED HOUSING
- 1 Other Prefabricated Housing Supply & Demand
- 2 Modular Housing Shipments
- 3 Precut Housing Shipments
- 4 Panelized Housing Shipments
SECTION VI -- DEMAND BY REGION
- 1 Resident Population by Region
- 2 Regional Gross Domestic Product
- 3 Regional Housing Starts & Sales
- 4 Prefabricated Housing Demand by Region
- 5 Northeast Prefabricated Housing Demand by Subregion
- 6 Northeast Prefabricated Housing Demand by Product
- 7 Midwest Prefabricated Housing Demand by Subregion
- 8 Midwest Prefabricated Housing Demand by Product
- 9 South Prefabricated Housing Demand by Subregion
- 10 South Prefabricated Housing Demand by Product
- 11 West Prefabricated Housing Demand by Subregion
- 12 West Prefabricated Housing Demand by Product
SECTION VII -- INDUSTRY STRUCTURE
- 1 US Prefabricated Housing Sales by Company, 2006
- 2 Composite Financial Ratios: Selected Prefabricated Housing Manufacturers
- 3 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Year of Construction of Housing Stock, 2006
- 2 Prefabricated Housing Market, 1997-2006
- 3 Housing Starts by Type, 1996-2006
- 4 World Prefabricated Housing Demand, 2006
SECTION III -- OVERVIEW
- 1 Prefabricated Housing Shipments by Product, 2006
- 2 New Home Pricing, 1996-2016
- 3 Prefabricated Housing Total Costs, 2006
SECTION IV -- MANUFACTURED HOUSING
- 1 Manufactured Housing Market Share, 2006
- 2 Manufactured Housing Placements by State, 2006
- 3 Manufactured Housing Placements as a Share of Total Housing Starts by State, 2006
SECTION VI -- DEMAND BY REGION
- 1 Prefabricated Housing Demand by Region, 1996-2016
- 2 Northeast Prefabricated Housing Demand by Product, 2006
- 3 Midwest Prefabricated Housing Demand by Product, 2006
- 4 South Prefabricated Housing Demand by Product, 2006
- 5 West Prefabricated Housing Demand by Product, 2006
SECTION VII -- INDUSTRY STRUCTURE
- 1 Prefabricated Housing Market Share, 2006
