Manufactured Housing News

According to Lending Tree, Foremost, American Modern and Assurant stand out as the best manufactured home insurance companies for both older mobile homes and newer manufactured homes. Here’s why:   Foremost A subsidiary of Farmers Insurance, Foremost was the first insurance company to cover prefabricated homes. Founded in 1952, the company provides coverage for both...

Leading Texas Factory-Built Home Manufacturer now licensed to Build Tiny Homes American Homestar Corporation (AHC), a pioneering force in factory-built homes, has announced its latest venture into the realm of tiny homes. Established in 1971 by Buck Teeter, AHC has consistently set industry standards for quality and innovation. Operating two manufacturing facilities in North Texas,...

There are numerous home loan programs available for purchasers of manufactured homes. Often the loan type is dependent on the intended home placement site and how the home will be installed on that site.   CAPSULE LOAN TYPES The following are brief descriptive capsules of the most common loan types available to manufactured home purchasers....

Source: Manufactured Housing Institute (MHI) – In January 2024, 7,475 new manufactured homes were produced, making a 17.5% month-over-month increase from December 2023, and a 7.5% year-over-year increase from January 2023. There were 7,475 shipments in January 2024. The month’s volume is 7.6% higher than January 2023. Multi-section shipments rose by 10.1% while single section...

Demand for lot space in manufactured housing communities will stay strong this year. In February, HUD launched the PRICE* program, which provides $225 million in financial resources to help preserve and revitalize existing manufactured homes and communities. More than 22 million U.S. residents live in manufactured homes. Given rising single-family site-built home costs and a...

The following are the top 5 “justifications” for savings derived from modern manufactured home production processes that create value, allowing more Americans to realize quality affordable home ownership, even in the face of an ever-widening housing affordability gap versus traditional site-built homes. In all respects of quality of construction and all other measurements, as delineated...

Secretary Fudge to Leave Hud at End of Month: U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge has announced her resignation, effective March 22, 2024. “It has always been the belief that the government can and should work for the people,” Fudge said. “For the last 3 years. I have fully...

Relentless escalation of site-built home prices and surging 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. Maybe not… There are many would-be homeowners who have never considered that the American...

Navajo Nation President Buu Nygren signed a $24 million grant to expand production of high-tech manufactured homes at the former site of the Navajo Generating Station near Page, Arizona. Nygren says it’s designed to address the housing crisis on the reservation and expand economic development and employment. The funds from the American Rescue Plan will...

Nationwide, there’s an estimated shortage of about 3.8 million housing units. The shortfall has many causes, Including, escalating inflationary home building material costs and high mortgage interest rates. The shortage of affordable housing also can somewhat date back to a construction slowdown that began in 2008 during the Great Recession and never fully regained the...