Before presenting the reasons why people choose to live and stay in a manufactured home community, we will offer up some statistics and information that might guide your decision to purchase a new modern manufactured home and place that home in a community – whether its called a “mobile home” park or a “manufactured home”...
Initiative will educate the benefits of manufactured housing in the aftermath of the deadliest and most destructive wildfire in the state’s history. Guild Mortgage, a mortgage lending company, has announced the first two homes from its Making Paradise Home Initiative are available for sale in Paradise. Calif. “While we’re using this initiative to help rebuild...
The Manufactured Housing Institute reported recently in a newsletter to members that Rep, Raph Norman of South Carolina sent a letter to the House Appropriations Committee urging it to include the manufactured housing energy standards limitation amendment he sponsored be included in the Fiscal Year 2024 Energy and Water Appropriations bill. The language has been...
From Montauk to Malibu, the prices of manufactured homes and mobile homes* can soar into millions of dollars If you thought the cost of single-family homes surged during the pandemic, that’s nothing compared to the escalating prices in America’s manufactured and mobile home communities. A new study by Lending Tree has found that the prices...
Sometimes families decide to buy a manufactured home because they are more affordable than traditional site-built homes. However, that affordability is based upon the original sales price and not necessarily found in the financing of the manufactured home. Now a partnership between RBC Mortgage and Fannie Mae, the nation’s largest source for home mortgages, is...
LOUISVILLE, KY. The recent Louisville Manufactured Home Show at the Expo Center came hoping to offer solutions to one of Louisville’s biggest problems: housing. Organizers believe the developers behind these homes could be the answer to create more affordable housing in the city. For the most part, the city agrees. Marilyn Harris, the director of...
Cavco Industries, Inc. announced a significant innovation in the manufactured home industry with the launch of the first nationally available, manufactured home duplex approved by the Department of Housing and Urban Development (HUD). Dubbed the Anthem, this trailblazing series of homes marks a significant advancement in providing affordable housing, aligning with the Federal government’s push...
Manufactured homes can offer an opportunity for ownership to millions of people priced out of today’s expensive housing market. According to Zillow, the average home costs nearly $343,000, but the U.S. Census Bureau says the average new manufactured home sells for $127,300 – $86,400 for a single – section and $158,600 for a double-section. HUD...
Head winds in the site-built industry are potential tailwinds for manufactured housing, as the competitive pricing and speed at which manufactured homes can be built. The average cost of a Hud Code manufactured home is well below the pricing of a traditional site-built home. Furthermore the manufactured housing industry will likely benefit from government initiatives...
Buyers struggling to purchase traditional homes may be considering luxury manufactured homes as an affordable entry point into homeownership. What are some key aspects to be aware of in the 2024 outlook for manufactured housing? Let’s explore. Licensed Realtor Joy Aumann told GOBankingRates she works closely with luxury manufactured home clients in Southern California. Based...
