Site-built home prices have fallen since the subprime crisis, thus presenting a higher degree of price-based competition for the industry. As a result of falling prices, consumers have been more likely to purchase site-built homes rather than manufactured or modular alternatives. Further, rising unemployment levels have reduced household discretionary income levels, resulting in fewer overall housing purchases as consumers delayed buying homes until economic conditions improved. In response to such negative market conditions, companies have been forced to exit the market, merge or be acquired by competing companies.
Companies in the industry produce manufactured (mobile) and modular (prefabricated) homes and buildings as well as sections and panels for prefabricated wood buildings. Manufactured homes are constructed entirely in a factory-controlled environment and typically come equipped with wheels. Modular homes are manufactured in sections and then transported to the home site for final assembly.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.