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The US manufactured housing market was valued at $221.30 billion in 2024 and is projected to grow from $234.19 billion in 2025 to $389.72 billion by 2034, according to a new forecast from Market Research Future, adding this market will record a compound annual growth rate (CAGR) of approximately 5.8% over the forecast period.

On the plus side, the forecast noted manufactured homes provide affordability alternatives to lower- and middle-income buyers – these properties are often 30% to 50% less per square foot than site-built homes. Manufactured homes can be built in a matter of weeks, compared to traditional home construction that can range from several months to over a year.

The forecast noted that Texas, Florida, and California are among the leading states for manufactured home shipments and community development.

However, the forecast noted the sector has obstacles that could impede its growth. Although government programs and policy initiatives – including the Duty to Serve rule by Fannie Mae and Freddie Mac – are designed expand financing options for manufactured housing, private sector’s financing options for the sector are limited in comparison to financing for site-built housing.

Also, the forecast acknowledged manufacturing housing is still burdened with negative perceptions.

“Manufactured homes are sometimes unfairly associated with lower quality or outdated designs, a legacy of earlier models before modern construction standards. Overcoming these perceptions is crucial to widespread acceptance,” said the forecast. “Many municipalities restrict the placement of manufactured homes through zoning laws or community covenants, limiting their reach. Additionally, land costs and availability pose significant barriers, especially in high-demand areas.”