Worldwide Production of MH on Track to Expand

From London, England OfficialWire tells by 2017 the production of manufactured housing worldwide will reach 829,000 units. The report cites technological improvements, positive governmental regulations, and growing populations in the Asian and Latin American markets with disposable income as the driving force behind demand for middle-income housing. Noting manufactured housing is the most competitive sector of the overall housing industry, the report says the rebound of the industry in 2011 has put the spotlight on prefabricated housing. While the U.S. and UK currently have the largest share of the MH market, Australia and New Zealand are growing rapidly in MH production, and will be players in meeting demand for housing in China, India, Korea, Taiwan, and other economies with an expanding middle-class.

(Photo credit: Darren–Brisbane, Australia)

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