Manufactured Homes Market Report 2025

The manufactured homes market size has grown strongly in recent years. It will grow from $26.85 billion in 2024 to $28.73 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The growth during the historic period can be attributed to the escalating housing affordability crisis, enhanced government incentives, broader financing options, increased demand in rural regions, and rising land costs.

The manufactured homes market size is expected to see strong growth in the next few years. It will grow to $37.18 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth projected for the forecast period can be linked to an expanding urban population, increasing interest rates, the broadening of zoning laws and regulatory support, a heightened focus on sustainable and energy-efficient living, as well as the rise of remote and hybrid work. Key trends in the forecast period include smart home integration, 3D-printed construction, the use of eco-friendly materials, smart grid connectivity, and automated manufacturing processes.

The rise in residential construction is anticipated to propel growth in the manufactured homes market in the coming years. Residential construction encompasses the building, renovation, or remodeling of living spaces such as houses, apartments, condominiums, and townhomes. This process includes planning, designing, obtaining permits, and the physical construction itself. The increase in residential construction is driven by rapid urbanization, which fuels the need for new housing in expanding cities and suburban areas. Manufactured homes contribute to residential construction by offering a cost-effective, time-saving, and scalable housing option that satisfies the growing demand for affordable living. For example, according to the Australian Bureau of Statistics, in March 2024, private new house completions in Australia reached 30,992 dwellings, reflecting a 3.7% increase from December and a 14.6% rise compared to March 2023. Furthermore, completions of other private new residential dwellings increased to 14,844 units, marking a 5.6% growth since December 2023. Consequently, the surge in residential construction is driving the expansion of the manufactured homes market.

Leading companies in the manufactured homes market are concentrating on innovative solutions such as manufactured duplex series to offer affordable and space-efficient housing that caters to the rising demand for multi-family living. The manufactured duplex series consists of factory-built two-unit homes designed to provide affordable and efficient multi-family housing. These homes are built off-site and delivered ready for installation, ensuring speed, quality, and cost savings. For instance, in March 2025, Champion Homes, a U.S.-based mobile and modular home manufacturer, introduced a manufactured duplex series aimed at addressing the affordable housing shortage by delivering cost-effective, space-efficient multi-family housing solutions nationwide. Champion Homes' manufactured duplex series features factory-built two-unit homes designed for quick deployment, consistent quality, and reduced construction costs relative to traditional methods. These duplexes offer customizable floor plans and energy-efficient designs, making them suitable for urban infill, workforce housing, and community development projects.

In July 2024, Cavco Industries Inc., a U.S.-based factory-built housing manufacturer, acquired American Homestar Corporation for $190 million. This acquisition is intended to enhance Cavco's market position in the South-Central U.S., realize operational synergies, and broaden its range of quality manufactured homes. American Homestar Corporation is a U.S.-based manufacturer specializing in factory-built homes, including both manufactured and modular homes.

Major players in the manufactured homes market are Clayton Homes Inc., Champion Home Builders Inc., Skyline Corporation, Cavco Industries Inc., Legacy Housing Corporation, Fleetwood Homes Inc., Palm Harbor Homes Inc., Ritz-Craft Corporation, Silvercrest Homes Inc., Nobility Homes Inc., Fairmont Homes LLC, Deer Valley Homebuilders Inc., Manufactured Housing Enterprises Inc., Genesis Homes, Sunshine Homes Inc., Live Oak Homes Inc., Jessup Housing LLC, River Birch Homes LLC, Pine Grove Manufactured Homes Inc., and Bentley Rowe.

North America was the largest region in the manufactured homes market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in manufactured homes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the manufactured homes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Manufactured homes are prefabricated housing units built in a controlled factory environment following federal building codes established by the U.S. Department of Housing and Urban Development (HUD). These homes are constructed on a permanent chassis and then transported to their final site. They are designed for efficient assembly, consistent quality control, and cost-effective construction.

The primary types of manufactured homes include single-family and multi-family units. A single-family manufactured home is a factory-built, detached dwelling intended to accommodate one family, built according to HUD code standards, and transported to its permanent location. These homes can be situated in various settings such as private land or manufactured housing (MH) communities and serve a range of uses, including both residential and non-residential applications.

The manufactured homes market research report is one of a series of new reports that provides manufactured homes market statistics, including the manufactured homes industry global market size, regional shares, competitors with the manufactured homes market share, detailed manufactured homes market segments, market trends, and opportunities, and any further data you may need to thrive in the manufactured homes industry. These manufactured homes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The manufactured homes market consists of sales of single-wide homes, triple-wide or multi-section homes, park model homes, accessory dwelling units (ADUs), and luxury prefab homes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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