Market Share for Modular and Different Non-Web site Constructed Housing in 2023

The entire market share of non-site constructed single-family properties (modular and panelized) was simply 3% of single-family properties in 2023, based on completion knowledge from the Census Bureau Survey of Development knowledge and NAHB evaluation. It is a slight enhance from the two% share in 2022. This share has been steadily declining because the early-2000s regardless of the high-level of curiosity for non-site constructed building. This low market share actually runs counter to some media commentary on off-site building suggesting latest beneficial properties. Nonetheless, there exists potential for market share beneficial properties within the years forward because of the want to extend productiveness within the residential building sector.

In 2023, there have been 27,000 complete single-family models constructed utilizing modular (12,000) and panelized/pre-cut (15,000) building strategies, out of a complete of 999,000 single-family properties accomplished. It’s value noting that the Census definitions of off-site building are comparatively slim. In a separate survey, the Dwelling Innovation Analysis Labs Survey of U.S. Dwelling Builders has the next share for panelized building (5-12%) on account of a wider definition of “panelized” building.

Whereas the Census-measured market share is small, there exists potential for growth. This 3% market share for 2023 represents a decline from years previous to the Nice Recession. In 1998, 7% of single-family completions had been modular (4%) or panelized (3%). This marked the biggest share for the 1992-2023 interval.

One notable regional focus is discovered within the Northeast and Midwest. These two areas tie for the best market share of properties constructed utilizing non-site construct building strategies. Within the Northeast, 5% (4,000 properties) of the area’s 61,000 housing models had been accomplished utilizing non-site constructed building strategies. On the identical time, within the Midwest, 5% market share (6,000 properties) of the area’s 126,000 housing models had been accomplished utilizing non-site construct building strategies.

With respect to multifamily building, roughly 7% of multifamily buildings (properties, not models) had been constructed utilizing modular and panelized strategies, marking the best degree within the final 20 years. That is considerably greater than the two% share in 2022 and 1% share in 2018-2021. It’s notable that modular building strategies accounted for five% of this share, whereas in earlier years it was solely panelized building strategies that made up the small share of non-site construct strategies in multifamily building.  Previous to final yr, the best ranges of modular and panelized strategies share in multifamily building was in 2000 and 2011, the place 5% of multifamily buildings had been constructed with modular (1%) or panelized building strategies (4%).