Noting the worldwide emphasis on sustainability and energy efficiency, Global Industry Analysts, Inc. tells MHProNews prefabrication is gaining renewed interest in modern construction, and projects worldwide shipments of off-site homes will reach 1.1 million units by 2020.
The report states: “Today, manufactured homes are one of the most sought after forms of affordable housing, with cost savings realized through the streamlined production process rather than government subsidies. High-performance manufactured housing takes the cost-effectiveness of these constructions a step further by increasing energy efficiency and therefore boosting the ‘lifecycle affordability’ of manufactured homes.”
The report says factory-built homes are competing with site-built homes not only in terms of looks and functionality but also offer quick completion time, minimized waste, enhanced quality control, affordability, energy efficient windows and insulation, and are built indoors away from inclement weather and construction site vandalism. The opportunity for solar energy, especially on modular homes, makes them particularly eco-friendly.
Consumer awareness is a major challenge worldwide, and customization is somewhat limited by the size of the sections that can be transported, but it is a trade-off between economy and design variety.
The report further states Japan represents the single largest market worldwide, in particular for modular homes, when compared to the United States and the United Kingdom, according to pressreleaserocket. ##
(Photo credit: archdaily/Dianna Snape–modular units in Australia)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.