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Manufactured Housing Market to Reach $38.84 Bn, Globally, by 2027 at 6.5% CAGR: Allied Market Research

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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 ....

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Outlook on the Manufactured Housing Global Market to 2027 - Opportunity Analysis and Industry Forecast

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The global manufactured housing market was valued at $27,188 million in 2019, and is projected to reach $38,848 million by 2027, registering a CAGR of 6. 5%. Manufactured housing (MH) is a housing unit which is built partially or fully off-site in factory and is later transported and installed at designated project site. Manufactured homes are constructed as per the strict rules and regulations laid down by the regulatory body. For instance, in the U. S. it is mandatory that manufactured housing units should comply with the federal HUD code, which was laid down by the U. S. Department of Housing and Urban Development in June 1976. According to MHI (Manufactured Housing Institute) based in the U,. S., construction cost for per square foot manufactured homes is around 30% to 50% less as compared to on-site build conventional homes. ....

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Global Manufactured Housing Market Expected to Reach USD 21,200.7 Million by 2027

Global Manufactured Housing Market Expected to Reach USD 21,200.7 Million by 2027
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