The Manufactured Housing Sector

Industry Overview

  • Market Size: The manufactured housing industry in the U.S. is valued at over $10 billion annually.

  • Annual Production: Around 90,000 manufactured homes are produced each year.

  • Market Share: Manufactured homes account for approximately 10% of new single-family home starts in the U.S.

  • Affordability: The average sales price of a new manufactured home is significantly lower than that of a site-built home, making it an attractive option for many buyers.

Major Players

  • Clayton Homes:

    • Market Share: Clayton Homes holds the largest market share, estimated to be around 50% of the manufactured housing market.

    • Annual Revenue: Clayton Homes generates annual revenue of approximately $5 billion.

    • Production: The company produces over 50,000 homes annually.


  • Skyline Champion Corporation:

    • Market Share: Skyline Champion holds an estimated 20% market share.

    • Annual Revenue: The company generates annual revenue exceeding $2 billion.

    • Production: Skyline Champion produces around 20,000 homes annually.


  • Cavco Industries:

    • Market Share: Cavco holds an estimated 10% market share.

    • Annual Revenue: The company generates annual revenue of over $1 billion.

    • Production: Cavco produces around 10,000 homes annually.

  • Other National Builders: Companies like Champion Home Builders, Fleetwood Homes, and Palm Harbor Homes have a strong presence in the industry, offering a variety of home designs and customization options.

  • Regional Builders: Numerous smaller regional builders operate across the country, often specializing in specific types of homes or serving particular geographic areas.

Regional Builders:

  • Market Share: Regional builders collectively hold the remaining 20% of the market.

  • Numbers: There are thousands of regional builders across the U.S., varying in size and production capacity.


Oak Creek Homes is an example of a prominent regional manufacturer of manufactured homes, primarily serving the Texas, Louisiana, and Oklahoma markets. 

  • Market Focus: They operate within a specific geographic region, specializing in understanding and catering to the preferences and needs of those areas.

  • Product Range: Oak Creek offers a diverse selection of manufactured, mobile, and modular homes. Their floor plans range from entry-level to luxury, encompassing various sizes and styles.

  • Construction Quality: The company emphasizes building strong, weather-resistant homes, often citing their use of more materials and heavier construction compared to competitors. Their homes are designed to withstand the challenges of diverse weather conditions, including tornadoes and hurricanes.

  • Vertical Integration: Oak Creek handles various aspects of the home buying process, including construction, sales, financing, and insurance. This approach streamlines the experience for customers.

  • Awards and Recognition: Oak Creek Homes has received industry recognition, including the Manufacturer of the Year award from the Manufactured Housing Institute (MHI).

  • Customer Focus: The company places importance on customer satisfaction, offering personalized service and support throughout the buying process.

  • Production & Revenue: Oak Creek has built over 50,000 homes since their establishment in 1971. Additionally, their diverse product range and vertical integration model (handling sales, financing, insurance) likely contribute to significant revenue generation.

Previous
Previous

Two-Pronged