Global demand for prefabricated housing is forecast to increase 2.7% per annum through 2019 to 3.4 million units.
World demand to reach 3.4 million units in 2019 Global demand for prefabricated housing is forecast to increase 2.7% per annum through 2019 to 3.4 million units. In the developing countries of the Asia/Pacific region, Africa/Mideast region, and Central and South America, advances in overall housing activity as well as greater market penetration of prefabricated housing will drive gains demand going forward. In these regions, prefabricated housing will find applications both as low cost units to reduce housing shortages (particularly in multifamily applications) and as high quality, well-insulated houses for more affluent consumers. Most higher income countries (outside of the US and Japan) have low penetration levels for prefabricated housing, but its generally lower cost, shorter construction time, and greater energy efficiency will stimulate demand. The Future Of Residential Housing - Zero Energy Housing Asia/Pacific region will dominate global deman...