Sometimes families decide to buy a manufactured home because they are more affordable than traditional site-built homes. However, that affordability is based upon the original sales price and not necessarily found in the financing of the manufactured home. Now a partnership between RBC Mortgage and Fannie Mae, the nation’s largest source for home mortgages, is...
LOUISVILLE, KY. The recent Louisville Manufactured Home Show at the Expo Center came hoping to offer solutions to one of Louisville’s biggest problems: housing. Organizers believe the developers behind these homes could be the answer to create more affordable housing in the city. For the most part, the city agrees. Marilyn Harris, the director of...
Cavco Industries, Inc. announced a significant innovation in the manufactured home industry with the launch of the first nationally available, manufactured home duplex approved by the Department of Housing and Urban Development (HUD). Dubbed the Anthem, this trailblazing series of homes marks a significant advancement in providing affordable housing, aligning with the Federal government’s push...
Manufactured homes can offer an opportunity for ownership to millions of people priced out of today’s expensive housing market. According to Zillow, the average home costs nearly $343,000, but the U.S. Census Bureau says the average new manufactured home sells for $127,300 – $86,400 for a single – section and $158,600 for a double-section. HUD...
Head winds in the site-built industry are potential tailwinds for manufactured housing, as the competitive pricing and speed at which manufactured homes can be built. The average cost of a Hud Code manufactured home is well below the pricing of a traditional site-built home. Furthermore the manufactured housing industry will likely benefit from government initiatives...
Buyers struggling to purchase traditional homes may be considering luxury manufactured homes as an affordable entry point into homeownership. What are some key aspects to be aware of in the 2024 outlook for manufactured housing? Let’s explore. Licensed Realtor Joy Aumann told GOBankingRates she works closely with luxury manufactured home clients in Southern California. Based...
Following are excerpts from News Provided BY Clayton Flexible Zoning Policies for Off-site Built Housing Can Help More Families in U.S. Cities Clayton, a leading national builder of single-family attainable housing, partnered with Georgia Manufactured Housing Association to unveil a new urban infill project showcasing two Clayton Built CrossMod homes developed by Iron Horse Communities,...
Cavco Industries, Inc. was recently named to the Forbes America’s Best Mid-Sized Companies List for 2023. Forbes creates this list each year to recognize the top 100 midsize companies (companies with market value between $2 billion and $10 billion) and rank them based on earnings growth, sales growth, return on equity and total stock return...
Source: Manufactured Housing Institute (MHI) – Monthly Economic Report – In October 2023, 8,383 new manufactured homes were shipped, an increase of 431 homes or 5.5% percent compared to September 2023, and a decrease of 302 home or 3.5% compared to October 2022. Compared with the same month last year, shipments of both single section...
Source: – The following contains excerpts from an op-ed posted in the New Hampshire Union Leader by Sarah Marchant, who is the Community Loan Fund/s chief of staff and vice-president of ROC-NH. She lives in Brookline. Marchant’s suggestions in resolving New Hampshire’s housing crisis is not dissimilar to other states in the U.S. Many think...
