Manufactured Housing News

Source: Benzinga – A true passive and steady but slow investment vehicle in the commercial real estate sector continues to be manufactured housing. The sector is, for the most part, a resilient and consistent vehicle and an answer to the affordable housing crisis that is now accompanied by rising mortgage rates. As volatile as the...

The following contains excerpts from a news report via the San Diego Reader titled, “No trailer park trash in Del mar.”   For the first time, the city of Del Mar, California is carving out rules that will allow manufactured homes to mingle with mansions in single dwelling neighborhoods.   Currently, there are no manufactured...

“Putting the cart before the horse” is sometimes applicable to purchasers of new manufactured homes, often entering into a purchase agreement before knowing where the home is to be located and the costs of placement. The truth of the matter is: Shopping for a location goes hand-in-hand with shopping for your new manufactured home. In...

Waycross, Ga. (AP) – Finnish company Admares plans to invest $750 million to build a modular housing factory in the U.S. state of Georgia, hiring 1,400 people, officials recently announced. The company plans to mass produce housing using heavily automated factories. Admares, which was founded in Turku, Finland, said it’s in the process of relocating...

Source: FOX 26 Houston – One of the nation’s largest owner-operators of manufactured home communities is showing off a new era of living in Willis for residents over the age of 55. On Saturday March 26,2023, guests were able to tour six fully furnished models and new homes available for purchase. Located at 11848 Cavalry...

Award “underscores crucial role in advancing wholesale manufactured home lending” Sources: MPA-AFR News Release –  American Financial Resources (AFR) has been named the top manufactured wholesale partner by the Department of Agriculture (USDA). The wholesale lender scooped the honor during the National Homeownership Awards ceremony held recently in Washington D.C., where the USDA acknowledged the...

“There is something permanent, and something extremely profound in owning a home”    –  Kenny Guinn Many would-be homeowners have never considered that the American dream of homeownership could be realized with the purchase of a new modern manufactured home or modular home, surprisingly foregoing an opportunity to realize all the advantages and enjoyment of...

Office now reports directly to the Assistant Secretary for Housing HUD No. 23-125 HUD Public Affairs (202) 708-O685   Washington – Today (6-22-23) the U.S. The Department of Housing and Urban Development’s (HUD) Office of Housing is announcing that it has created a new Office of Manufactured Housing Programs as an independent office reporting directly...

SOURCE: White House OMB Fact Sheet – Following are brief excerpts from the President’s proposed Fiscal Year 2024 Budget as they are related to low cost home ownership, particularly manufactured housing. President Biden believes that everyone deserves to live in a safe and affordable home. Whether you rent or own, having a place to live...

The high cost and scarcity of housing has forced low and middle income families to forego or indefinitely delay the uniquely American dream of affordable quality homeownership. It doesn’t necessarily have to be that way. That need for quality, affordable housing has never been greater. Today’s manufactured home can deliver that dream of owning your...