“If you feel rooted in your home and family, if you’re active in your community, there’s nothing more empowering.” Julia Louis -Dreyfus All consumer studies and surveys indicate that Americans who are renting overwhelmingly still hold on to the belief that someday, somehow, someway their dream of homeownership will eventually be realized. It has also...
TROY, Mich.- Champion Homes, Inc (NYSE:SKY) on Monday (OCT.28) announced financial results for its second quarter ended Sept. 28, 2024. Second Quarter 2025 Highlights (compared to Second Quarter Fiscal 2024) Net sales increased 32.9% to $616.9 million U.S. homes sold increased 31.3% to 6,357 Total backlog increased 5.6% to $427 million from the sequential first...
Relentless continuing escalation of home prices and high mortgage interest rates, combined with a multitude of other inflationary pressure is forcing many would-be buyers to put their dreams on hold as the cost of homeownership slips out of their financial reach. However, there are also many would-be homeowners who have never considered that the American...
It’s a fact: Today’s modern high quality new manufactured home is at least equal or superior to a comparable site-built home in construction quality, design, materials, safety, features and amenities and will cost the homebuyer up to 50% less! There’s more: Most manufactured home producers offer a wide variety of models and floor plans that...
Source: excerpts from newsletter NISKANEN…Manufactured homes currently provide 8.4 million affordable, unsubsidized homes across the United States, with an additional 100,000 new units entering the housing market each year. Unlike the mobile homes of the past, today’s manufactured homes, built to HUD Code standards, undergo rigorous quality control and must pass independent inspections before they...
The following overview snapshot provides statistical verification confirming how manufactured homes are at the forefront in satisfying the need for quality, affordable housing, at a time when that need has never been greater. Today’s manufactured homes can deliver outstanding quality and performance at prices that are up to 50 percent less per square foot than...
On October 9, FHFA introduced a new Manufactured House Price Index to provide quarterly data on price trends for manufactured homes, a market segment which is noted as an affordable option for homebuyers. The new data series includes both purchase-only and all- transactions house price indexes, based on real property conventional mortgages acquired by Fannie...
The Tomorrow’s Housing Innovation Showcase in North Corktown, Detroit, was a significant event hosted by the North Corktown Neighborhood Association and the Gilbert Family Foundation. In October, 2024, this showcase spotlighted seven highly energy-efficient, factory-built homes designed to address Detroit’s housing affordability crisis. The event allowed visitors to explore how factory-built housing offers quality, cost-effective...
HUD announced on September 11 an extensive update to its “Manufactured Home Construction and Safety Standards” (HUD Code). The update is meant to improve the efficiency of new home production and ensure that consumers have better access to commonly sought-after home features. “Manufactured homes are an affordable housing option for Americans across the country,” said...
U.S.Department of Agriculture (USDA) Rural Development West Virginia Director Ryan Thorn announced that Rural Development is extending a pilot program for people in West Virginia seeking homeownership. The pilot program allows families and individuals to access affordable financing to locate manufactured homes in rural communities. “Everyone deserves to live in a safe and affordable home,”...
