Is the Tiny Home Movement at a Turning Point in 2023?

Elon Musk is not the only one fond of tiny homes. Since the 2008 financial crash, thousands of people have downsized to live simpler lives and have embraced minimalism. The world of home design is seeing a revolution, and its future is tiny. With billions of Instagram posts with the ‘tinyhouse’ hashtag and the internet burgeoning with TV series and documentaries like Tiny House Nation, Tiny House Hunters, Tiny Luxury, Tiny House World, Container Homes, Terrific Tiny Homes, and more – tiny houses have picked up much momentum. Whether you are a Gen Z buyer or a millennial facing record-breaking high prices while purchasing a traditional house, shifting to a tiny home this new year is promising as you save a lot during the purchase, and the low cost of living ensures greater financial relief in the long run. However, it’s quite challenging when you are looking for tiny house builders near me. Come to TinyHouseMe, to connect with multiple professionals under one platform. We can help you connect with the right tiny home builder and provide guidance in planning and financing the tiny home. If you want to start off on the right foot this year, connect with us and make your Tiny House New Year Resolutions now.

 

The tiny home industry is moving ahead faster 

Knowing the exact number of tiny homes in America is impossible. However, Go Downsize has calculated the number of tiny homes sold yearly and estimated that there are around 10,000 tiny homes only in the Northern region of the US. The same source further claims that around 700 new tiny homes are manufactured annually by certified tiny home builders, and just as many are built privately. Although many people are skeptical about buying a tiny home, by checking the number of homes sold over the last decade, it can be concluded that it’s on the rise and here to stay. However, before investing in a tiny house, you need to get familiar with the local laws and building codes, which is why talking to multiple builders across the US might help. Director of American Tiny House, Amy Turnbull, told The Spruce that the tiny home movement is growing and as people have started advocating their acceptance, it’s expected that more places will allow them. In addition, several states have relaxed laws for tiny homes, and after the pandemic, the demand has seen an upsurge. However, tiny homes are not for everyone, and clients need to do plenty of research before making the commitment. TinyHouseMe can assist you in making this lifestyle change by connecting you with trusted builders under one platform.

The BIG WIN for tiny homes

In 2020, The Tiny Home Industry Association (THIA) President, Dan Fitzpatrick gave the tiny home movement a big win. This happened when LA legitimized tiny houses as ADU units and allowed homeowners to park the moveable tiny houses even on zoned estates. LA is the 2nd largest city in the US, and Zack Giffin, the host of the TV show ‘Tiny House Nation’ and also the VP (Vice President) of ‘The Tiny Home Industry Association’ (THIA), said in his Instagram post that it’s one of the biggest things ever happened in the world of tiny homes. Very soon, this law helped spark San Diego and San Jose to follow suit with a similar ordinance. As soon as LA accepted tiny homes, the movement caught fire in other states of the US, and suddenly, the struggle was not there. Giffin gave an interview to Insider and stated that by simply looking at what LA did, the other states borrowed the language from their guidelines and introduced tiny homes in their cities and municipalities.

Both Giffin and Fitzpatrick approved that the Number 1 objective for the tiny home movement is to be persistent with the success and create momentum even at the community levels. The goal is to convince more states and municipalities to legalize tiny houses all across the US.

Global tiny home market from 2023 to 2027

As per Research and Markets, the tiny house market is poised to grow from 2023 to 2027 by $4171.33mn, accelerating at a CAGR of 4.88% during the forecast period. This report on tiny homes provides a holistic analysis of market size, market forecast, trends, challenges, and growth drivers, as well as vendor analysis covering almost 25 vendors. Again, as per Market Growth Reports, the Tiny House market size was estimated to have a valuation of USD million in the year 2022 and is expected to have a readapted size of around USD million by the year 2028 with a CAGR of percentage during the forecast period of 2023 to 2028. The market is expected to reach a multi-million valuation by the year 2028 as, over the years, there has been an incredible spike in CAGR in revenue.

Here are a few top players in the Tiny House Market:

  • American Tiny House
  • Arizona Garage Builders
  • Cascade Country Cabins
  • LUV Homes
  • Forever Tiny Homes
  • Infinity Homes
  • Uncharted Tiny Homes
  • JDM Structures Custom Builders
  • Irontown Homes
  • Kubed Living
  • Lodge Log and Timber
  • Living Intent Yurts Co
  • Affordable Homes Crestview

If you are looking for tiny home builders near me or want to connect with any of the builders mentioned above, come to TinyHouseMe. We match you with the perfect tiny home builder and place you on the front line for the builder. Get connected for competitive pricing and find the perfect model that suits your lifestyle and needs.