You're not the only one having trouble finding a home. One report states that over 9 million home buyers have been priced out of the housing market, and it is "likely to get worse." While a house has always been expensive, the last few years have been particularly rough for buyers in terms of low inventory and rising prices. 

Fortunately, modular homes can offer a solution to this problem.

Faster Construction Timeline

Modular homes are built in a factory setting and then delivered to the home site, assembled, and placed on a permanent foundation. Because they are built in a controlled environment, modular homes can be completed in a shorter time frame than traditional stick-built homes, and there are fewer weather-related delays when you purchase a modular home.

In addition, because modular homes are built in sections, construction can proceed in multiple areas at once without having to wait for other trades to finish their work. Rough plumbing can be installed in one area while the finishing touches are being completed on other parts of the home. This allows modular homes to be completed in less time than it takes to build a stick-built home.

Higher Quality Construction

Another benefit of modular homes is that they are built to standards as high or higher than stick-built homes. That's because each section of the modular home is put through rigorous quality control testing before it leaves the factory. Modular homes need to not only meet local building codes but also need to survive a trip down the expressway at high speeds. A stick-built home can't do that.

Better Price Point for Buyers

Finally, modular homes offer a better price point for buyers. Because modular homes are built in a factory in an assembly line, builders can take advantage of economies of scale, meaning they can purchase and assemble materials at a lower cost and pass those savings on to buyers.

Builders may also be able to negotiate better prices with local contractors who specialize in installing modular homes. As a result, buyers can often save even more money over a traditional, stick-built home in their area while still getting the square footage and features that they need.

Given today's tight housing market, more and more homebuyers are turning to modular homes as an alternative to traditional stick-built homes. If you've been priced out, modular homes may be the perfect solution for you.

Contact a builder for more information about modular homes for sale.