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Funds to Repair, Upgrade, and Preserve Affordable housing across 26 States The U.S. Department of Housing and Urban Development (HUD) has allocated $225 million under its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) programs to improve conditions of manufactured home communities. The grants, awarded to 17 awardees across 26 states. The initiative targets repairs,...

Fleetwood Homes, a major manufactured home builder, believes they have produced “part of the solution” to the ongoing housing crisis in Virginia, as well as across the country. Fleetwood Homes, based in Rocky Mount, Virginia, has produced the first U.S. Department of Housing and Urban Development (HUD)-recently approved single section duplex home in the country,...

Source: MHInsider – The manufactured Housing Institute (MHI). which is the national advocacy group for factory built housing and land-lease community living, announced recently that annual home shipments for the first time since 2022 have surpassed the 100,000 mark. Only twice previously in the last 18 years has the industry produced as many homes. The...

Can the appeal of manufactured housing as an investment grow even stronger? Experts weigh in on the sector’s prospects The following are excerpts from a comprehensive report by Laura Calugar @ MULTIHOUSING NEWS —  Banking on its inherent affordability and independent,  self-sustaining nature, manufactured housing has continued to shine over the past decade. Nowadays, demand...

For many years there has been a common belief that one of the downsides to manufactured home ownership is that these factory- built homes do not appreciate in value.  A recent analysis of Federal Housing Financing Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate in value as...

(Source: Excerpts from report by Rose Graham, Divisional Sales Manager,  Roots Management Group). According to the Manufactured Housing Institute (MHI), manufactured homes are a vital component of affordable housing in the United States, providing homes for over 22 million people nationwide. These homes now represent 9% of all new housing, making them the most affordable...

(Source: Excerpts from a report by Nexstar Media Group,Inc).  For years, the city of Norfolk has been trying to resolve its housing shortage, but it wasn’t until recently that the Chamber was shown an affordable solution “In rural Nebraska, we have to keep growing because data shows that we’re not, so we’ve been addressing that...

A study by Foremost Insurance Company indicated that the average manufactured homeowner is 49.9 years old. However, today’s high quality affordable manufactured homes appeal to a wide range of demographic groups. The following three groups and their motivations for choosing modern manufactured housing are summarized below.   “Baby Boomers” – (aka Generation X – born...

Manufactured Homes can offer home buyers a plethora ownership opportunities for those priced out of today’s expensive site-built housing market. According to Zillow, the average home costs nearly $350,000, whereas the U.S. Census Bureau says the average new manufactured home sells for about $130,000 – 86,400 for a single section and $158,600 for a double...

(Source: MHI) – Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD), “We are thrilled about the nomination of Scott Turner as HUD Secretary, said MHI CEO Dr. Leslie Gooch, “We appreciated his engagement and attention to innovative housing solutions in his...