Why Majestic Steel is Investing in Modular Homes
To connect its steel supply chain directly with the booming market for factory-built homes in hurricane-prone regions
STEEL: Majestic Steel aims to shape the future of housing by bringing steel expertise to the fast-growing modular home market. (Courtesy of Majestic Steel)
Amid the South’s housing shortage and construction boom, Majestic Steel USA – a major steel supplier long focused on industries like HVAC – has made a significant move into the modular home market. The company recently became the largest stakeholder in SteelHomes Modular Corp., a Miami-based manufacturer of steel-framed, factory-built homes, following SteelHomes’ bankruptcy and restructuring, according to Cleveland Business Journal.
The timing is notable. Florida and the broader southern U.S. are seeing rapid population growth and increased demand for affordable, resilient housing. Rising construction costs and more frequent hurricanes have made factory-built, steel-framed homes an appealing option—offering speed, durability, and cost stability.
Majestic Steel’s CEO, Todd Leebow, says the investment is about meeting the need for smarter, faster construction methods as traditional homebuilding struggles to keep up. “Steel Homes brings a differentiated approach – factory-built, steel-framed homes that deliver the speed, quality and consistency traditional construction can’t match,” Leebow said in a statement. The partnership will allow SteelHomes to scale up its Miami operations and expand into other coastal areas where hurricane-resistant housing is in demand.
SteelHomes, founded in 2011, specializes in homes engineered for tough weather. After bankruptcy in 2025, the company has found new stability with Majestic’s support, focusing on expanding production and lowering costs.
The modular housing market is expected to keep growing, with U.S. prefab housing projected to rise from $26.7 billion in 2025 to over $42 billion by 2031, according to NorthMarq. In the South, where demand is especially high, steel-framed modular homes offer advantages in durability and speed. Likewise, Majestic Steel has built a meaningful Southern/Sun Belt footprint, and several of their locations line up geographically with new or recently announced steel mill investments.
Majestic Steel’s move reflects a broader trend toward using advanced manufacturing to address housing challenges in fast-growing regions. Sheet metal shops like Poynter Sheet Metal in Indiana have undertaken jobs like prefabricating bathrooms for hospitals. Southland Industries and TDIndustries, both in Texas, have likewise made modular prefabrication central to their offerings. And as the South continues to expand, companies are meeting demands from the residential market with similar modular strategies.
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