By Will Soutter
A new report on the US Manufactured Home Manufacturing industry has been released by Research and Markets. The industry is comprised of 200 companies, including Clayton Homes, Champion Enterprises and Cavco.
The US manufactured housing (MH) sector produces combined annual sales of approximately $3 billion and the top eight firms in the sector account for approximately 60% of the revenue. The report includes the industry overview, business challenges, trends and opportunities, financial data and forecast of the industry.
MH companies produce manufactured homes, called mobile homes, and nonresidential mobile buildings. Though MH buildings are fixed with chassis, they are not moved frequently. Manufacturers of prefabricated wood buildings without chassis and manufacturers of recreational vehicles are not included in the MH industry. MH firms manufacture single- or double-wide rectangular residential or nonresidential units, which are installed in a site to create a building, such as an office or a classroom. The building may include a single or multiple units, known as floors, which are fastened together at the site.
Major factors that drive the demand for MH buildings are the availability of credit, the cost of alternative types of housing and population growth. Large firms have cost advantages in purchasing and distribution and small firms can compete effectively in local markets.