| Global prefabricated housing market had registered a moderate to flat growth during the period 2004 to 2007. The market witnessed a further blow in 2008 and 2009 due to the economic recession. However, the market is on the verge of recovery with demand gaining momentum, although at a slower pace.
Overproduction, significant losses in the industry and poor underwriting resulted in decline in the shipments of manufactured homes over the past few years. Further, the comparatively low resale value associated with this type of homes was also a matter of concern. Recession further affected the manufactured housing segment..............................................Full Press Release: Source
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