Realtor - November/December 2016

Prefab:

Buyers interested in small- home living, custom design, eco-friendly digs, or easy smart-home integration might be drawn to a prefabricated house. Those who need quick construction turnaround or seek to build in a di;cult-to-reach environment can also look to prefab as a great solution. As “installed” housing becomes more popular, you could soon be trying to score a prefab listing. Are you ready to advise both buyers and sellers on their options? Here’s a primer on the basics. Read the full story at realtorm.ag/prefab.

W Where are they?

Prefab still makes up a relatively small supply of housing. Around 14,000 to 15,000 homes are built using modular methods each year, making up about 1. 5 percent of housing starts. Modular housing is most common in the northeast, where construction costs are highest. There, modular housing made up about 4 to 6 percent of all homes built in the region in 2015.