Manufactured Housing News

Source: Concord Monitor (excerpts)  –  New Hampshire is known for many firsts: the first to declare independence from England, and its first-in-the-nation primary. New Hampshire is also the first state where residents of a manufactured home community purchased their park, forming a cooperative to retain control over by laws, like lot rent, to maintain affordability...

Source: Institute for Building Technology and Safety (May 2022) via MHI Manufactured Housing Institute. 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...

Source: Legacy Corporation, Aug.08,2024 (Globe Newswire) – Legacy today announced its financial results for the second quarter ended June 30,2024.   Financial Highlights Net revenue for the second quarter of 2024 was $42.5 million, a decrease of 19.3% from the second quarter of 2023 Income from operations for the second quarter of 2024 was $16...

Source: WCAX 3 News Team – Money is on the way to replace manufactured/mobile homes and help businesses destroyed by flooding. Governor Phil Scott said Vermont’s Emergency Board approved $7 million in state money for the Business Emergency Gap Assistance Program to provide help to businesses, farms and nonprofits hit by flooding this year. Another...

Source – Business Wire – (Condensed Report) – “I am excited to announce that our shareholders approved our corporate name change to Champion Homes, Inc. during our annual meeting this year. The name change aligns with our previously launched Champion Homes flagship brand supporting a unified Company, our purpose of championing home attainability and the...

Today’s manufactured housing can deliver outstanding quality and performance at prices that are up to 50 percent less per square foot than conventional site-built homes. These savings allow more and more Americans to own their own home, even in the face of an ever widening housing affordability gap The following are tidbits of information compiled...

“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...

(Source: Enid News and Eagle) – Enid City Commission will consider four ordinances related to a plan to expand affordable housing options in Enid during its regular meeting Tuesday, Aug, 2024. City commissioners have discussed the proposal in meeting previously and recently held two town hall meetings to get input from residents. The proposal would...

Manufactured homes can offer homebuyer’s a plethora of 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 section....

ON Aug. 01, 2024 Cavco Industries announced financial results for the first fiscal quarter ended June 29, 2024. (the following is a condensed report) Improving factory-built housing Results; High Claims in Insurance Operation Source: Cavco Industries, Inc via (GLOBE NEWSWIRE).   Quarterly Highlights   Net revenue was $478 million, up $2 million or 04% compared...