Some Americans who have been priced out of the tight residential real estate market are turning to manufactured homes, helping to power a nascent recovery in sales of far less expensive home-buying options. Shipments of manufactured homes were up for five months in a row through August, the most recent month for which data is...
Numerous cities in the U.S. have an abundance of city-owned land that is ideal for home construction. However, site built home construction is expensive. Recently we reported about the inexpensive owned properties that are available in the city of Louisville, Kentucky that would be available for affordable new quality manufactured home placements. The following are...
Well, it has been a rough time around the ManufacturedHomes.com office these days. I am deeply saddened that my friend and colleague – Bryan Czajkowski – has passed away. Bryan “Chico” Czajkowski 11/12/1980 – 2/13/2024 Known by almost everyone simply as “Chico,” Bryan was larger than life. If you ever met Chico, he treated...
Brookfield Fund Sells $325 Million of Manufactured Home Sites (Source: Bloomberg) – A Brookfield Asset Management LTD. property fund sold a large chunk of a manufactured housing portifolio as the company seeks to capitalize on growing demand for the sector. The $325 million deal consists of 19 manufactured housing communities across seven U.S. states, totaling...
Source: MHI Housing Alert – Earlier today (October 26, 2023) the House of Representatives passed an amendment offered by Represenative Ralph Norman (SC-5) to prohibit Department of Energy (DOE) funds to be used to implement the DOE’s rule for energy standards for manufactured housing. The amendment was offered during House consideration of the funding bill...
A solution to rural New York’s housing problems could lie in manufactured homes. A 2023 report found manufactured homes only comprise around 2.5% of New York’s housing stock. In rural counties, it jumps to more than 10%, both numbers are considerably less than found in most U.S. states. Local and state New York housing groups...
Updated requirements for valuation of manufactured homes contribute to FHA’s efforts to increase the availability and affordability of manufactured housing as part of the Biden-Harris Housing Supply Action Plan. WASHINGTON – The Federal Housing Administration (FHA) on November 2, 2023 announced the publication of updated appraisal requirements for the valuation of manufactured homes certified under...
Living in a mobile home or trailer probably doesn’t always have a positive connotation among the wealthiest class. But, that perception apparently didn’t stop “Shark Tank” businesswoman and real estate entrepreneur Barbara Corcoran from buying a double-wide trailer in Los Angeles. She recently showed off her mobile home to TikTok star Caleb Simpson in a...
Financing for manufactured homes considered as chattel should be made available through the U.S. Department of Agriculture Rural Housing Service (RHS) program, a joint letter from mortgage and housing groups said. This letter was in response to a proposed rule that would, among other things,update the current regulations to permit the purchase of existing manufactured...
Just because manufactured homes are more affordable than site-built homes doesn’t mean they’re cheap – especially in Idaho. In fact, the cost of a new manufactured home is more expensive in the Gem State than anywhere else in the country, according to a new report from Lending Tree, a North Carolina-based online marketplace. Can you...
