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Prefab homes – also often known as factory-built, prefabricated, or systems-built homes – still only represent about 1.5% of all single family homes in the U.S. But more and more, the interest in modular housing is growing among American homebuyers. This is because modular homes offer both the flexibility to modify and create custom floor plans, as well as all the modern amenities, features, and design styles you’d expect in traditional homes.