Modular businesses are gaining market share in areas with high housing demand. Controlled factory environments allow modular homes to use resources efficiently and reduce waste. Modular homes often fare well in natural disasters due to robust construction standards. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees.
In some rural areas, manufactured homes are exempt from certain zoning requirements. Mobile home owners may be eligible for tax deductions if their home is on a permanent foundation.
Many older mobile homes can be retrofitted with updated interiors, roofing, and insulation for improved comfort. Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities. Some modular home companies secure government contracts for affordable housing projects in Lafayette. Vintage mobile homes from the 50s and 60s are now popular as collectibles and often remodeled with retro décor. Modular home businesses are increasingly focused on urban infill projects due to housing shortages.
Since the majority of labor occurs in a factory, modular home businesses save significantly on labor. Controlled factory environments allow modular homes to use resources efficiently and reduce waste. Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities around Lafayette.
HUD has specific standards based on region, including "Wind Zone" ratings to ensure durability in different climates such as those in Lafayette. Factories can assemble multiple modules simultaneously, speeding up project timelines. Some businesses offer land and development services, bundling land purchase with modular construction. Additional modules can be added to expand living space as families grow, a popular feature in Lafayette.
Mobile homes have fire safety concerns, although newer models are generally safer than older ones. In Lafayette, residents of mobile home parks may face rent increases on their lot, which can impact affordability. Some people purchase modular homes as rental properties due to their affordable construction and high demand. Modular companies buy materials in bulk, which lowers costs and reduces supply chain delays. Many older mobile homes can be retrofitted with updated interiors, roofing, and insulation for improved comfort.