Can't Buy in Today's Housing Market? Consider This

Modular homes have a bad reputation with some people who think they're inferior to traditionally built, or site-built, homes. One reason is many people confuse modular homes with mobile homes, dumping them together as lower-tier housing options. While modular homes aren't typically as costly as traditionally built homes -- largely because of the construction method -- they aren't mobile homes either.

Modular homes, just like site-built homes, sit on a foundation and not on a chassis as mobile (manufactured) homes do. Modular homes are constructed in factories and are then brought to homesites. They're a better product than modular homes of the past, as many manufacturers are now using 3D printing and robotics to build them.

The good news for investors is that these new modular homes are not mainstream, at least not yet. The global modular-home market is projected to grow from $82.3 billion in 2020 to $108.8 billion by 2025, reports MarketsandMarkets. If you believe this industry has growth potential, getting in early is usually a good time to invest.

Source Fool.com