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Global Tiny Homes Market – Actionable Research on COVID-19 | Growing Expenditure on Cost-efficient Homes to Boost the Market Growth

LONDON–(BUSINESS WIRE)–Sep 30, 2020–

The global tiny homes market size is poised to grow by USD 5.80 billion during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Tiny Homes Market 2020-2024 (Graphic: Business Wire).

Tiny homes are the most affordable housing systems and are preferred by millennials. The high cost of conventional homes is influencing the popularity of tiny homes among consumers. Moreover, the rising cost of living, coupled with spurring interest on home loans, has prompted consumers to opt for affordable housing. With the growing competition and customer demand for innovative products, vendors are increasingly focusing on improving their research and development operations. Millennials and baby boomers account for the significant share of the population who prefer homes that are energy-efficient and have a low maintenance cost. The growing customer expenditure on cost-efficient homes will subsequently influence the growth of the global tiny homes market during the forecast period.


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Report Highlights:

  • The major tiny homes market growth came from mobile tiny homes segment. The demand for mobile tiny homes, which are cost-effective, is increasing because of the high real estate investment in conventional homes. The demand is mostly among the youth who cannot afford an expensive conventional property and among the
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Tiny homes coming to Kalamazoo’s Northside neighborhood as affordable housing solution

KALAMAZOO, MI — The first phase of the Tiny Houses of HOPE project will break ground in Kalamazoo on Thursday, Oct. 8.

The first phase will focus on Kalamazoo’s Northside neighborhood adding six tiny homes and a center for wrap-around services for the nonprofit Helping Other People Exceed (HOPE) thru Navigation.

The $500,000 project has been years in the making as HOPE Thru Navigation founder Gwendolyn Hooker was adamant about creating an affordable housing solution for the population her nonprofit serves.

Related: Affordable tiny home neighborhood planned in Kalamazoo

The tiny homes will be available for those who have been incarcerated, have at least one year of sobriety under their belt and are currently employed. Hooker said she already has 200 candidates in Kalamazoo who fit this description.

Through her work at HOPE thru Navigation, Hooker said she was continually seeing clients couch surfing because they were turned away from landlords based on their substance abuse or criminal background.

Hooker zeroed in on housing for this population based on studies showing that relapse and recidivism rates drop by 70% if a person leaving treatment or prison has housing and employment in the first 45 days.

“Everybody knew that it was a need, but a lot of people were not loving the idea of the demographic,” Hooker said. “I was immovable on that. That was the main part of the project that couldn’t be changed.”

The plan eventually received financial backing from Kalamazoo Community Foundation and Local Initiatives Support Corporation (LISC) Kalamazoo. Community members also came together to donate $51,000.

“Not folks that were rich or have foundations, but just folks who care about equity and housing for everybody,” Hooker said. “We started out with raising money from the community first, because we wanted to make sure that we have community

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11 kitchen garden ideas for gardeners with tiny spaces

Agriculture Chief Administrative Secretary Anne Nyaga during the launch of Kilimo kitchen garden project in Nairobi. [Wilberforce Okwiri, Standard]

In capitalism one eats food they pay for. You pay for the food from your pocket or by farming it yourself.

On Tuesday this week, the Ministry of Agriculture, Livestock, Fisheries and Cooperative, launched the model kitchen garden developed in collaboration with Scaling up Nutrition Civil Society Alliance (SUN CSA Kenya).

“Kitchen gardens are the easiest ways households can ensure inexpensive supply of fresh vegetables, herbs, spices and other plants,” Anne Nyaga, the Chief Administrative Secretary, said at the event.

The model kitchen garden, located at Kilimo House in Upper Hill, Nairobi, is the centrepiece of the call by the Government for families to cultivate home-based gardens, “at least one million kitchen gardens across the country,” Nyaga said.

Affordable food at home

“The focus is not only to make food available but also improve the nutritional quality of that food: nutrition is the difference,” said Martha Nyagaya, the chair of SUN CSA Kenya board during the third national nutrition symposium which was running concurrently with the launch of the kitchen garden.

Evidence shows most vegetables consumed by households in Nairobi are grown along polluted rivers and streams using wastewater – which contains heavy metals and other toxic chemicals.

“Developing your own kitchen garden assures your family of a high nutrient diet that is not toxic to your body and cannot cause cancer,” said Nyagaya.

The Nairobi County Assembly adopted the Water and Sanitation Services Policy last year which outlaws use of sewage water and wastewater to irrigate crops.

For those interested in setting up a kitchen garden, here are some of the easy-to-implement technologies one could use to develop the system.

1.     The wick irrigation garden

This is a simple garden

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