Lending Tree analyzed data from the U.S. Census Bureau’s 2021 American Survey to compare the median value of mobile homes and single-family homes in all states, excluding Hawaii. A recent study found that mobile home values nationwide appreciated in value almost as quickly as single-family homes over the five years from 2016 to 2021. ...
Mobile home values and manufactured home values are rising at a rate nearly as fast as that of single-family homes, according to a study released earlier this month by online loan platform Lending Tree. Across the country, the median values of mobile homes increased 34.6% on average between 2016 and 2021, compared to 35.4% for...
Listen up, folks! Are you tired of living in your parent’s basement or renting a closet-sized apartment? Well, have no fear because manufactured homes are here! And not just any manufactured home, but the perfect one just for you, my dear friend! Let’s face it, choosing the perfect home can be tougher than picking out...
The following comments are submitted on behalf of the Niskanen Center. The Niskanen Center is a non-partisan 501(C)(3) think tank in Washington, D.C., that works to promote an open society. The Niskanen Center has proposed to HUD a multitude of rule changes, improvements, and clarifications, as well as further non-rule changes for improvements to the...
A majority of manufactured homes are financed utilizing a home-only (chattel loan), similar to financing automobiles, boats, recreational vehicles, etc., with higher interest rates and shorter terms than conventional site-built homes. Most manufactured home industry personnel and manufactured home buyers are unaware of FHA financing available for manufactured homes as personal property sited on land...
The following is a review of a documentary titled “A Decent Home” by Minot Daily News staff writer Charles Crane. Twenty million Americans live in mobile homes. Which, for much of the last century, have proven to be a viable and affordable option when the price of a typical home spikes higher and out of...
Phoenix-based manufactured home builder Cavco Industries, Inc is expanding its national footprint with yet another acquisition, agreeing to purchase Solitaire Homes Inc. of Oklahoma at a purchase price of $93 million. Solitaire Homes. Inc. is an Oklahoma-based builder of manufactured homes with building facilities in Oklahoma, New Mexico, and Texas, 22 retail locations, and 950...
The enforcement and scrutiny of the manufactured home construction process are, by far, the most thorough regulations of any other form of home building construction in the nation. The “mobile home” (as it was called prior to being legally and officially changed by Congressional legislation in 1976) was not even similar to the manufactured home...
(Source: National Mortgage Professional) – Rocket Mortgage now offers home loans and refinancing options for Americans interested in buying or refinancing a manufactured home. Manufactured homes had $12 billion in sales last year, company officials say. Manufactured homes are built at indoor homebuilding facilities in accordance with the U.S. Department of Housing and Urban Development...
Overall, the future of manufactured homes is looking bright as the industry continues to evolve and innovate in response to changing consumer needs and preferences despite economic uncertainties of a struggling economy. According to the Manufactured Housing Institute (MHI) Monthly Economic Reports, manufactured housing HUD Code home shipments decreased in October, November and December 2022....
