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PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ Allied Market Research published a report, titled, Manufactured Housing Market by Number of section (Single Section, Double Section, and Multi-Section), by Location (Private Property and MH Communities), Application (Residential and Non- Residential): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global manufactured housing industry was estimated at $27.18 billion in 2019, and is anticipated to hit $38.84 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.
Drivers, restraints, and opportunities-
Growth in worldwide population, rapid urbanization, rise in government spending on residential construction, availability of mortgage loans, and surge in cost of residential constructions fuel the global manufactured housing market. On the other hand, fluctuations in price of raw materials and lack of skilled manpower impede the growth to some extent. Nevertheless,