Modular construction of 1 & 2
family residences has remained steady at about 2% of overall new home starts
for the last ten years.
According to the U.S. Department of Commerce, new single
family residential construction houses completed have dropped from 1,218,000
homes in 2007 to 447,000 in 2011. Modular homes accounted for an average
of 2.4% of new single family houses completed annually, or 31,000 dropping to
about 10,000 over that same period.
For March 2013, the US Department of Commerce reports single
family construction sales at 417,000 annually with a median sales price of
$279,900. At 2.4% the modular industry accounts for about 8,300
houses.
The percent of modular home starts varies significantly by
region with the Northeast being the strongest at 6.8% of all new housing
starts, followed by the Midwest at 3.9%; the south at 1.3% and finally the west
at less than 0.5%.
|
Region
|
Total
|
Northeast
|
Midwest
|
South
|
West
|
|
Number
|
417,000
|
41,000
|
51,000
|
215,000
|
110,000
|
|
Total Modular
|
8,300
|
2,800
|
2,000
|
2,800
|
600
|
Based on this data, the single family modular home industry
is approximately $2.3 billion in the United States for year end 2012.
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