Demand for modular housing, or system-built housing, is expected to rise 5.2% annually through 2024, according analysis by The Freedonia Group. The Cleveland-based research organization projects demand for modular housing will reach 23,700 units in 2024.
Demand advances will be positively impacted by homeowner interest in modular housing, due to its perception as a high-end alternative to manufactured housing. Modular homes are built to local building codes and thus are more likely to offer modern features, such as enhanced energy efficiency. Modular homes are installed on foundations or slabs and are not designed to be moved after installation, an element that contributes to the high-end perception among homeowners.
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