Census Bureau Reports the Number of Completed Modular and Panelized Single-Family Homes Drop in 2019

According to data from the latest Census Bureau Survey of Construction data, with analysis provided by the National Association of Home Builders (NAHB) the total market share of offsite built single-family homes (modular and panelized) dropped to 3% of single-family completions in 2019. For 2019, there were 24,000 total single-family units built using modular (11,000) and panelized/pre-cut (13,000) construction methods, out of a total of 903,000 total single-family homes completed. While the market share is small, there exists potential for expansion. Due to ongoing labor shortages in the residential construction segment and the need to lift labor productivity amid declining housing affordability, the share of offsite built single-family homes is expected to rise in 2020 and the years to come.