Modular home businesses are increasingly focused on urban infill projects due to housing shortages. Some modular homes are designed to allow future upgrades easily. Modular homes are built to withstand transportation, making them durable and well-constructed. Modern manufactured homes are built to last, often with warranties on structural components. Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities.
Modular home businesses are expanding globally, especially in densely populated and high-demand areas. Most lenders treat modular homes like site-built homes, enabling standard mortgage terms. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees.