The following statistics reveal the states and cities where manufactured homes and mobile homes are located. The stats do not differentiate between “mobile homes” and manufactured homes. We will address them here as all “manufactured homes.” Note: All 10 of the following are rural oriented states which accounts for their higher percentage of shipments. It...
A slowdown in home sales has also impacted manufactured housing. However, the growing manufactured home industry is better positioned to react to consumer demand vs. the site-built housing market. Consider the following: Headwinds in the site-built housing market are potential tailwinds for manufactured homes, as the competitive pricing and speed at which manufactured homes can...
(Note: The following is a reprise of a blog originally posted in 2019 that generated considerable interest). As today’s seniors age and more “baby boomers” retire, the need for quality, affordable and comfortable housing is paramount in the minds of many senior American citizens, especially those with mobility issues. If you are lucky to...
National Association of Home Builders attributes leveling off to high interest rates and low confidence According to a report by National Mortgage Professional, single-family housing starts lagged behind overall housing starts in April due to higher interest rates and lower builder sentiment, according to the National Association of Home Builders (NAHB). While the U.S. Census...
Affordability challenges are continuing to grip housing markets across the US – but manufactured and modular housing are still proving an effective way for prospective homebuyers to get a foot on the property ladder according to a top loan originator who specializes in the niche. Brie Henley of Planet Home Lending told Mortgage Professional America...
Redbud Estates will comprise 51 properties, demonstrating Clayton’s CrossMod houses. Single-family attainable housing builder Clayton has held a ground-breaking ceremony to mark the start of construction on Redbud Estates, a new neighborhood in London, Kentucky,US. The ceremony saw in attendance Kentucky’s governor Andy Beshear along other officials. Four Clayton-owned home centers are spearheading the development,...
MH Advantage Loans In 2017-18 Fannie Mae engaged with manufactured home producers to develop MH Advantage to offer a new affordable housing option. MH Advantage properties are built to meet specific construction, architectural and energy efficiency specifications, and include features such as garages, carports and dormers, giving an appearance that is more similar to traditional...
With interest rates staying higher for longer coupled with steadily tight, albeit rising inventory this spring, borrowers continue to explore all options when it comes to purchasing a home they can afford. Enter high-quality manufactured housing. These high-quality, factory built homes offer more for less, and the once negative sentiment towards them is turning the...
Manufactured homes are the answer to the lack of affordable housing in the U.S. Unfortunately, many aspiring homebuyers have not explored the affordable advantages of today’s high quality manufactured homes. The following are 7 frequently asked questions (with brief answers) generally posed by potential manufactured home buyers. Why should I consider a manufactured home?...
The U.S. housing market crisis has been marked by tight inventory and high prices, but two economists pointed to a source of affordable homes that could be unlocked by amending a federal law from 1974. More precisely, the elimination of five words from the National Manufactured Housing Construction and Safety Standards Act would boost demand...
