Modular home businesses can easily scale, producing homes faster as demand rises. Many residents own their mobile homes but rent the lot in a park, which can impact security and cost. Some mobile home park residents face rent increases on their lot, which can impact affordability.
Modular companies can produce both permanent homes and temporary commercial structures in cities like Louisiana. Modular factories employ in-house labor, cutting down on subcontracting costs. In some areas, zoning laws limit where mobile homes can be placed, affecting affordability and availability.
In Louisiana, some investors buy mobile homes in parks as a source of rental income due to low initial costs. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees in Louisiana. Since the majority of labor occurs in a factory, modular home businesses save significantly on labor.