Friday, August 12, 2011

TWO NEW TRENDS IN HOUSING HELP MODULAR FACTORIES

There has been a lot of talk in the past about Boomers retiring and their need for changes in their lifestyles.


For many, there is the desire to start unburdening themselves from things that have held them back while they were gainfully employed such as large houses and staying in the towns or cities where they worked.  For many boomers, the call of the open road or a complete change of scenery is prompting them to find rental properties with little or no maintenance.  They are looking for the rewards that were promised them in retirement.

Another large cross section of boomers are finding themselves in failing health and poor financial situations and are moving in with their children to ease both of these problems.  They get help with their medical problems from their children and help pay expenses that are probably mounting up for their children along with possible child care. 

There is another group of seniors that are having their grown children showing up on their doorstep with no job or place to live.  Parents are there for their children, now more than ever.  The "kids" help with expenses and get room in board.  The parents get some added security by having grown children around.

Both of these situations can be win-wins and hopefully most of them are.  The real back story for the modular home industry is the types of housing that will be needed by all these people as our economy forces more multi-generational living arrangements to become the norm.

For the seniors that want to downsize, rental developers are rushing in with many new and exciting housing developments for the 55+ crowd.  If there is one thing that modular home factories have learned over the past few years, it's how to build multi-family apartments, townhouses and condominiums. The efficiency of having a 40 unit apartment building constructed in a factory and sent to the jobsite is becoming more and more the way developers are heading.  Quick, economical and on-time delivery is what they get from modular housing.

As for the multi-generational living folks, the modular home industry is already getting their feet wet in this field.  Several factories are producing standalone mini-homes that can be placed on a lot owned by the boomer for one of their children or completely self-contained living units for mom and dad that can be attached to their child's existing home. 

Then there are the specialized care structures for the people that want to enjoy a good quality of life near their relatives at a time when hospice care is important.  Nationwide Homes and several other factories offer ADA an health care units that can be put on someone's property and used until it is no longer needed.

All these are great markets for modular housing and the companies that are working to fill these niches will continue to stay in business for the long haul.

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