Analyzing data released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), total U.S. housing starts in July advanced at the rate Seasonally Adjusted Annual Rate (SAAR) of 1.093 million units. ReedConstructionData noted to MHProNews  that this is the second highest level since November 2007 (1.197 million), with November 2013 SAAR hitting 1.105 million starts.

Single-family starts in June were raised by 31,000 units; multiple-family starts by 21,000.

While the media may fawn over the tiny house movement, housing market data demonstrates that single family house sizes continue to rise. Dominated by wealthier buyers, the average sized house in 2013 was 2,598 square feet, the highest ever.

The U.S. housing market does roughly a trillion dollars annually in revenue. Manufactured and modular homes can produce residential style homes competitively.  Increased volume of new factory-built home shipments can yield additional savings. Manufactured housing (MH) produces entry level homes that conventional construction is unable to match. With incomes down for most Americans compared to 5 years ago – and rents rising – the need for affordability for many has increased. Such market facts suggest that the combination of vision, image, education and more demand could drive MH to new highs. ##

(Graphic credit: ReedConstructionData and MHProNews)