Anchored Tiny Homes Awards 61 Territories, Expanding Footprint by Over 150% in Q1

Anchored Tiny Homes, the leading accessory dwelling unit (ADU) builder franchise in the country, kicked off 2024 with more explosive growth. As legislation around the country shifts, becoming more friendly to the ADU model, entrepreneurs in major markets nationwide are realizing the depth of the opportunity that exists in the industry and with Anchored Tiny Homes. In the first quarter, the franchise awarded 21 new territories, expanding its footprint by over 150% and breaking into Ohio, Kentucky, Alabama and Indiana.

“We have been on a mission to solve the housing crisis since our inception, and the opportunities to do that are only becoming more apparent as legislation shifts,” CEO Colton Paulhus said. “More local jurisdictions are becoming more welcoming to ADUs, and entrepreneurs are picking up on that. We’re excited about the growth we’ve experienced to this point, but the potential for growth is only expanding. There has never been a better time to join the system.”

With the 21 territories Anchored Tiny Homes awarded in the first quarter, the franchise now has a presence in Arizona, California, Colorado, Florida, Idaho, Michigan, New Hampshire, Oregon, Rhode Island, South Carolina, Texas, Utah and Virginia.

While inventory remains an issue, many Americans are also concerned about housing prices. According to a recent Forbes report, the median home price in California is $787,000. In Texas, this number is $348,000, and in Idaho, it’s $470,000. Affordability poses a major hurdle for many would-be buyers, but even this is driven by supply and demand imbalances.

PBS recently published a story outlining the challenges of the current housing market, highlighting the story of Lori Shelton, a 67-year-old Colorado resident who drives for Uber to afford rent. Still, she had to get an advance on her pay to afford the security deposit on her apartment, and when the following check was smaller, her bank account was dangerously low. Shelton told PBS that she is always one step behind, calling the situation “a nightmare.”

“The United States is slogging through a housing affordability crisis that was decades in the making,” the outlet reported. “At the root of this problem: America failed to build enough homes for its growing population.”

Stories like Shelton’s are all too common, and ADUs offer a clear solution.

“There just are not enough homes for the number of people looking for somewhere to live,” Paulhus said. “ADUs are more affordable and can be built more quickly than the standard single-family home, and fortunately, local legislators are starting to take note. As restrictions loosen, Anchored Tiny Homes is able to partner with local franchisees in more markets to create some relief.”

Last year, the Texas Senate passed Bill 1412, barring local cities from restricting ADU construction. A similar bill in Oregon is set to go into effect later this year, making the construction of ADUs more accessible. And in New Hampshire, a bill has been proposed to allow homeowners to build up to two ADUs on their properties rather than the existing single-ADU cap.

Anchored Tiny Homes is already seeing a strong response from the public, noting amazing momentum with signing 61 new territories and 10X the franchise inquiries than Q1 of 2023.

With flexibility increasing, Anchored Tiny Homes is eyeing another 125 signings and openings for the rest of the year, specifically targeting continued growth in Texas, the Carolinas and Florida and new expansion into Atlanta and New York City.

To find out more information on costs to buy this franchise, please visit 1851franchise.com/anchoredtinyhomes.