Manufactured Housing News

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...

In a Fact Sheet: Biden Harris Administration Takes New Actions to Lower Housing Costs by Cutting Red Tape to Build More Housing, including enabling housing types to be built under the HUD Code. HUD anticipates finalizing a rule to update its Manufactured Home Construction and Safety Standards. Manufactured housing provides an essential path to increasing...

The following are excerpts from a posting by GOBankingRates with comments from manufactured home owner Jackie Adkins. Mobile homes – more accurately termed manufactured homes – provide all the benefits of homeownership, but for a smaller price tag than you’re likely to pay for a site-built or modular home. The difference is in their construction....

Silver Canyon Group On August 21, 2024 Announced the Acquisition of Franklin Homes of Russellville, Alabama (Source: PR Newswire) –  For over 50 years, Franklin Homes has produced manufactured homes, modular, residential and multifamily buildings. The company was founded by Jerry James over 50 years ago and is known for its quality and service. Billie...

More than 21 million people in the U.S.A. live in approximately 8.2 million factory-built homes. It is estimated that more than one-half of these total occupants actually live in “mobile homes.” Remarkable, considering there have been zero new “mobile homes” or “trailers” built since passage of major federal legislation in 1976 (the HUD Code), creating...

Relentless escalation of site-built home prices and extraordinary high mortgage interest rates, combined with a multitude  of inflationary pressures is forcing many would-be buyers to put their homeownership dreams on hold, as the cost of homeownership slips out of their financial reach. But it doesn’t have to be that way…. There are many would-be-homeowners who...

American Mobile Insurance Exchange canceled the policies because it is reportedly withdrawing from the Florida market. Source: 10 Tampa Bay – A ST. Petersburg-company is canceling at least a thousand mobile home policies, according to Mark Friedlander with the insurance information Institute. In an email to 10 Tampa Bay, Friedlander said the company sent a...

Perhaps you have contemplated the purchase of a new modern manufactured home and are not sure if you should locate the home in a manufactured home community (also known as a “mobile home” park). Before presenting the reasons why people choose to live and stay in a manufactured home community, we will offer up some...

As traditional site-built home prices continue to soar, a result of an inflationary spiral and mortgage rates at or around 7%, there are hard working families that seemingly believe they cannot partake in the uniquely American Dream of home ownership. Fact is, traditional pre-owned (site-built) housing has priced most lower and middle income families completely...