MODULAR AND PANELIZED CONSTRUCTION ONLY ACCOUNTED FOR 3% OF 2020 COMPLETIONS

For 2020, there were 28,000 total single-family units built using modular and panelized construction methods.

In 2020, the total market share of non-site-built homes, including modular and panelized, was at 3% of single-family completions, according to the Census Bureau Survey of Construction data and NAHB analysis. Roughly 11,000 single-family units were built using modular and 17,000 used panelized/pre-cut construction methods, out of a total of 912,000 single-family homes completed. NAHB expects the share to rise moderately in 2021 and in the years ahead, due to the ongoing labor shortage and the need to lift labor productivity amid declining housing affordability.

One notable regional concentration is found in the Northeast where 5% (3,000 homes) of the region’s 57,000 housing units completed were due to modular construction, the highest share in the country.

With respect to multifamily construction, approximately 1% of multifamily buildings (properties, not units) were built using modular and panelized methods. Similarly to single-family construction, this market share was expected to grow, but the expected gains did not materialize due to various constraints in the industry. In the year 2000 and 2011, 5% of multifamily buildings were constructed with modular (1%) or panelized construction methods (4%).

Origination: https://www.builderonline.com/building/modular-and-panelized-construction-only-accounted-for-3-of-2020-completions_c