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...
State lawmakers pass legislation seeking to expand manufactured housing Stable housing is essential for improving economic mobility, strengthening credit ratings and cultivating asset building.Yet for millions of households, securing an affordable home is an elusive goal. Due to their low building cost, year-round construction and relative price points, manufactured housing has emerged as a strategy...
More than 21 million people live in approximately 8-12 million “mobile homes” or manufactured homes in the U.S. It is not easily determined how many of those homes are “mobile homes,” built before 1976, or today’s high quality manufactured homes built to high quality standards mandated by the Department of Housing and Urban Development aka...
Manufactured homes have become a popular and favorable option when purchasing a home. Manufactured homes are prefabricated structures built in a factory with all the amenities, design, refinements, energy efficiency, and fire and windy safety features that are at least equal and often superior to a new site built home. Manufactured homes are constructed in...
Today’s modern manufactured homes will meet the criteria for “everything a home should be,” offering quality, value, safety, amenities, energy efficiency and appearance; and will have a cost up to 50% less than a comparable custom site-built home, and is the perfect choice for all age generations across the U.S. That being said, the following...
“Price is what you pay. Value is what you get” – Warren Buffett In all respects of construction and all other measurements, as delineated below, a new modern manufactured home is equal or superior in every respect to a site-built home at a cost of about 50% less. It may seem odd to “justify” quality...
High mortgage rates, lack of supply and elevated prices of traditional site-built homes have made the dream of owning a home for a lot of first-time buyers out of reach. But some experts suggest that one option that could help to ameliorate the challenge of affordability in the housing market – manufactured homes, which cost...
What is a Tiny Home? – Most of those television depictions seem to indicate that it is a structure often built upon a wheeled trailer offering under 400 square feet of living space. However, there are those of the tiny home community that suggest the definition should include any small home under 800 to 1000...
Congress is reviewing proposed legislation that would remove HUD’s requirement that manufactured homes be built on a permanent chassis. WASHINGTON – The U.S. House Committee on Financial Services, Subcommittee on Housing and Insurance considered a proposal from U.S. Rep.John Rose of Tennessee as it held a hearing entitled “Housing Affordability: Governmental Barriers and Market-Based Solutions.”...
On November 2, the FHA released a mortgage letter (ML) updating the sales comparison approach for manufactured homes. The update to the FHA’s rule affects how real estate appraisers will now appraise manufactured homes using the sales comparison approach (SCA) grid. The SCA is the mix of attributes in a home that determine its value...
