Manufactured Housing News

The Kentucky League of Cities (KLC) conference is occurring in Lexington at the Central Bank Center. It brings cities across Kentucky together connecting them with services and finding potential solutions to issues facing their respective municipalities.   What You Need To Know At the KLC conference, city stakeholders from across the Commonwealth could view a...

 Manufactured Home Facts Updated August 2022 Sources: MHI  –  Institute for Building Technology – American Community Survey – U.S Census Bureau – HUD Manufactured Housing Survey – U.S Bureau Bureau Labor of Statistics – Consumer Research – Datacomp – Lending Tree – The following overview snapshot provides statistical verification confirming how manufactured homes are at the...

Manufactured housing, often, and incorrectly referred to as “mobile homes,” “prefabricated” or “trailers,” is experiencing a resurgence in popularity and growth. These homes, once synonymous with limited design options and lower-quality construction, have evolved significantly over the years to become a cost-effective and attractive housing solution for many. Gone are the days when manufactured homes...

Fast Facts Manufactured housing, prefabricated factory-built homes – can be an affordable option for lower-income homebuyers. But some borrowers may not qualify for mortgages and might have to turn to other kinds of financing with less favorable rates and terms. Several federal agencies, Fannie Mae, and Freddie Mac have created new or modified existing loan...

Source: MPA News – Retail home lender Rocket Mortgage has introduced its latest initiative. ONE+ allows homebuyers to make a down payment of no more than 1% of a property’s purchase price, with Rocket Mortgage covering the remaining 2% needed to meet the usual loan threshold amount. ONE+ also does away with the monthly mortgage...

Source: Respa News* -The U.S. The Department of Housing and Urban Development (HUD) announced appointments to its Manufactured Housing Consensus Committee. Three new members will be joining, while three current members have been reappointed. “Manufactured housing is an increasingly important affordable alternative for families across the nation,”Assistant Secretary and Federal Housing Commissioner Julia Gordon said...

Tesla CEO Elon Musk has plans to build his own town in the Austin, Texas area after purchasing thousands of acres. The town is being pitched as a sort of utopia that would run along the Colorado River, the Wall Street Journal reported. Executives at one of Musk’s companies, The Boring Company, have discussed plans...

Champion Home Builders and Champion Retail Housing, subsidiaries of Skyline Champion Corp, has closed on its previously announced $313 million acquisition of Mississippi-based manufactured home dealer Regional Enterprises. Regional Homes has 42 dealerships in Mississippi, Louisiana, Alabama, Florida, North Carolina, South Carolina, and Texas. “We are excited to announce the closing and to welcome Regional...

Source: Bestocks – Legacy Housing Corporation, a prominent player in the manufactured homes and tiny houses industry, has seen steady stock performance in recent times. On August 25, 2023, shares of LEGH stock opened at $21.23. With a market cap of $517.80 million, a price-to-earnings ratio of 8.01 and a beta of 0.85, Legacy Housing...

Source: FreddieMac – Manufactured homes – also known as factory-built homes – are an increasingly popular housing option that can be more affordable to buy and own than site-built homes. If you are thinking about buying a manufactured home, you should consider howto go about titling your home. In contrast to a site-built home, a...