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 been well chronicled that homeownership is the main component of the “good life.” This has been confirmed by a study by the...
October 04, 2022—Source: Cavco Industries, Inc. …Cavco Industries announced that the company had opened its newest manufacturing facility in Hamlet, North Carolina. Known as “Cavco Homes of North Carolina,” the 184,000 square-foot plants will produce homes built under standards of the U.S. Department of Housing and Urban Development (“HUD code”). The opening comes approximately seven...
It has been almost 50 years since a mobile home/manufactured home park was authorized in San Diego County, California. Source: Times of San Diego – The following are excerpts from an opinion column by Mark Powell, a real estate broker and a former San Diego County Board of Education member. (Note: Although this essay is...
Source: Legacy Housing Corporation BEDFORD, Texas, Sept.23, 2022 – Legacy Housing Corporation (the “Company” or “Legacy,” NASDAQ: LEGH) today announced its financial results for the second quarter that ended June 30, 2022. Financial Highlights Comparison of Six Months June 30, 2022, and 2021 Revenue was $124.1 million, an increase of 40.2% from 2021 1H...
Expansion of federal loan programs could boost access to this path to homeownership. (Source: PEW Article by Linlin Liang, Richard Siegel & Adam Staveski) – Data report compares the differences between site-built mortgage financing and available manufactured home financing. The following contains excerpts from that report and other reports referencing government-backed manufactured housing financing availability....
The majority of Gen Z adults and millennials are interested in housing options such as “mobile homes” and manufactured homes. As part of its Housing Supply Action Plan, the Biden Administration earlier this year announced programs aimed at making the financing and development of manufactured homes easier. A recent Morning Consult survey finds that about half...
RHP Properties, the largest private owner and operator of manufactured home communities in the U.S., has acquired 50 communities, including 41 communities in Wisconsin, seven in Minnesota, and two in Michigan. It plans to add more than 500 new manufactured homes to the new addition in the portfolio during the next five years, the company...
The Texas manufactured-housing industry ended the year on a low note, according to the latest Texas Manufactured Housing Survey. Respondents unanimously noted a decrease in business activity relative to November. The industry extended a year-long pullback on production as higher interest rates shocked demand and reset the housing market more broadly. “Housing manufacturers are still...
(Source: Excerpts from online report by National Mortgage Professional) To increase the number of available manufactured homes and bring more off-site built inventory to the market, we need to change the current perception of this type of home. One option that would benefit first-time homebuyers in many markets is manufactured housing, which can play an...
Some residents of Oak Creek, a manufactured home community in Coeur d’Alene with almost 500 residents, hope to form a coalition and buy the park. Source: (Coeur d’Alene Press) – Those who live in manufactured or mobile home communities, one of the few affordable housing options available in Kootenai County, are especially vulnerable to displacement...
