Why There is Increased Demand for Tiny Luxury Modular Homes in 2023

The Threat of a Recession is Increasing the Demand for Tiny Luxury Modular Homes

As families expand, more space in the home becomes a necessity; however, many countries are facing a recession, and if the IMF predictions are to be believed, the economic outlook for the UK is less than rosy. It explains why more people are seeking alternative ways to increase their property footprints, and one way to do this is by adding Luxe Tiny Homes.

Prefabricated, tiny modular homes surged in popularity during the pandemic as homeowners sought more space at home, home offices, and getaways to remote locations. Flash forward to 2023 with a recession looming, mortgage rates pushing 7%, the housing market crumbling, and tiny homes are more practical and desirable than ever.

“We are seeing clients more than ever purchasing our tiny homes as a way to stay in their existing homes and expand instead of moving to get more space,” says Jamie Mackay, founder of pioneering modular prefab tiny house manufacturer, Wheelhaus. “Our tiny homes are eco-friendly, modular luxury cabins on wheels, and they’ve never been more in demand than right now.”

The interior of one of the Wheelhaus homes

The attraction of living large with less now rests in what prefab tiny homes can become: an easy extension of your existing home. From a guest house designed for multi-generational living to a luxe rumpus room or home office, adding a tiny house to your current home is an easy and relatively affordable way to radically change your lifestyle for the better.

Founded in 2006, Salt Lake City-based Wheelhaus introduced the motto, “Living LARGE with Less”, with the first affordable yet truly high-end tiny homes and modular homes. The company’s “less is more” mantra rings true with millennials and Gen Z homebuyers: less building materials, less square footage, less waste.

“High-quality craftsmanship, materials, and design go into every Wheelhaus home,” said Mackay. “Our homes are delivered turnkey and ready for immediate use. Starting at $149,000, they are often more affordable than renovating or adding to an existing home. Plus, if you decide the space is unnecessary down the road, you can sell the unit to recoup most of your initial investment.”

A cabin style modular home in a snowy forest

Wheelhaus’ designs blend rustic and modern and combine the durability and quality craftsmanship of a log cabin with a modern focus on energy efficiency, innovative design, progressive space management, and top-of-the-line building materials.

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Why There is Increased Demand for Tiny Luxury Modular Homes in 2023 2

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