SEATTLE – June 12, 2019 – Amazon started offering entire house kits on its site – free shipping included – and they’re snatched up quickly, prompting questions about Amazon venturing into real estate.
The online retail giant offers tiny-homes and prefabricated and modular housing built in factories. The homes have been priced from $5,000 to $65,000 and sometimes sell out in hours.
For example, a 172-square-foot, $7,250 prefab cabin that went viral sold out soon after it was listed on Amazon. The house ships for free and is touted as buildable in just eight hours. It’s promoted as an “ideal home office or guest house.”
Other homes are for sale on Amazon too – some of which can serve as full-time residences, MarketWatch reports.
“I’m not surprised to see [homes for sale on Amazon], as selling these homes online presents a new level of opportunity for the retailer to reach consumers who are outside of their local area,” Trae Bodge, a shopping expert at TrueTrae.com, told MarketWatch.
The prefab and modular housing industry is growing too. Revenue in the sector has risen 8.6% from 2013 to 2018, according to IBISWorld. In 2018 alone, the industry posted a 4.1% increase.
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