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United States Accessory Dwelling Unit (ADU) Market size was valued at USD 16476.4 Million in 2023 and is expected to reach USD 36335.68 Million in 2032, growing at a CAGR of 9.19% from 2023 to 2032.
Accessory Dwelling Units (ADUs) have emerged as a popular solution to housing shortages across many urban and suburban areas. ADUs are small, self-contained homes that can be built on the same grounds as a larger primary dwelling. They are used for a variety of purposes, including housing for family members, rental income, and as a means of increasing property value. As the demand for ADUs has soared, numerous companies have stepped in to offer innovative, cost-effective solutions. This blog explores the top ten companies in the ADU sector, highlighting their headquarters, compound annual growth rate (CAGR), and revenue from the past year.
Global Growth Insights unveils the top global Accessory Dwelling Unit (ADU) Companies:
1. Connect Homes Headquartered in Los Angeles, California, Connect Homes is revolutionizing the ADU market with its modular design philosophy. Known for its sleek, environmentally-friendly designs and rapid construction times, Connect Homes reported a CAGR of 12% over the past five years. Last year, the company achieved a revenue of approximately $30 million, showcasing significant growth in the modular housing sector.
2. Veev Located in the heart of Silicon Valley, Veev stands out for its use of advanced technology in home building. Veev’s approach integrates smart technology directly into the building process, reducing construction time by up to 50%. With a CAGR of 18%, Veev reported revenues reaching $45 million in the previous year, underlining its robust position in the market.
3. Skyline Champion Corporation As a major player with headquarters in Troy, Michigan, Skyline Champion Corporation is a leading manufacturer of manufactured and modular homes, including ADUs. The company boasts a nationwide presence and reported a CAGR of 8% with revenues soaring to $1.3 billion last year, highlighting its massive scale and operational success.
4. Studio Shed Colorado-based Studio Shed offers creative and customizable solutions for those needing extra space. Specializing in smaller, stylish ADUs perfect for backyard offices or guest houses, Studio Shed has seen a CAGR of 20%. Last year, the company generated around $20 million in revenue, driven by an increase in remote work trends.
5. Lennar One of the largest homebuilders in the United States, Miami-based Lennar has incorporated ADUs into its residential offerings, catering to a broader audience. The company's CAGR stands at 6%, with staggering revenues of over $22 billion, reflecting its vast market reach and comprehensive building capabilities.
6. Clayton Homes A subsidiary of Berkshire Hathaway, Clayton Homes, headquartered in Maryville, Tennessee, is known for its affordable and efficient building solutions. The company focuses on sustainability and innovation in its ADU offerings, achieving a CAGR of 10% and revenues of $7 billion last year.
7. D. R. Horton Based in Arlington, Texas, D. R. Horton is America’s largest homebuilder and has expanded its portfolio to include ADUs. With a focus on luxury and affordability, the company reported a CAGR of 11% and revenues totaling $27 billion in the previous year.
8. United Dwelling United Dwelling transforms underutilized garages and backyards into affordable, high-quality ADUs. Operating out of Los Angeles, the company has seen a CAGR of 25% with last year’s revenue around $15 million, indicating rapid growth and a strong response to urban housing needs.
9. Acton ADU Acton ADU specializes in custom ADU projects in Northern California, focusing on turnkey solutions from design to construction. The company, headquartered in Santa Clara, California, has maintained a steady CAGR of 9%, with last year's revenues reaching $12 million.
10. Fleetwood Homes Another prominent name in the manufactured home industry, Fleetwood Homes operates out of Riverside, California. Known for its high-quality, affordable homes, Fleetwood has achieved a CAGR of 7% and generated revenues of $500 million last year, proving its strength in the competitive ADU market.
11. David Weekley Homes Houston-based David Weekley Homes is recognized for its customizable home designs, including ADUs. With a CAGR of 10%, the company earned revenues of $2 billion last year, illustrating its effective adaptation to consumer demands in a shifting housing market.
12. Cavco Industries Phoenix, Arizona hosts the headquarters of Cavco Industries, a leader in manufactured and modular housing. Cavco stands out with a CAGR of 15% and last year’s revenues at $1 billion, reflecting its robust position in the prefabricated housing market.
Conclusion The growth of the ADU market is underpinned by increasing urban density and the need for affordable housing solutions.