Sales of previously occupied U.S. homes fell in July to the slowest pace since January as elevated mortgage rates and a stubbornly low inventory of homes on the market combined to discourage many would-be-homebuyers. According to The Associated Press, sales slumped 16.6% compared with July last year. It was also the lowest home sales for...
Newer manufactured housing ‘handled it decently’ after 2022’s Hurricane Ian, DeSantis said. Florida Governor Ron DeSantis continues to offer evaluations of how various types of construction in Florida fare during hurricanes. Speaking in Lake City, the Governor praised the surprising sturdiness of manufactured homes. “I was surprised at how resilient some of the mobile homes...
The following random facts validate manufactured housing as the answer to the American need for quality affordable housing, many contrasting the advantages over traditional new site-built and pre-owned homes. Headwinds in the housing industry are potential tailwinds for manufactured housing, as the competitive pricing and speed at which manufactured homes can be built. Furthermore, the...
Source: Reuters (9/1/23) – A group of the country’s largest corporate managers of mobile home communities and a market data provider were sued in U.S. court on Thursday for allegedly conspiring to inflate rental prices for older and low-income residents. Two Illinois residents who rented lots for their manufactured homes filed the prospective class action...
Hello and welcome to ManufacturedHomeLoans.com! I’m Jed Lowman, and I’m excited to share with you the story of how and why we started this platform. Our journey began with a simple belief – that there had to be a better way for people to find the perfect manufactured home loans. In today’s complex lending landscape,...
Manufactured Housing could meet up to 10% of Oregon’s housing needs, industry insiders say. Ben Roche, sales director for Palm Harbor Homes in Millersburg, says he appreciated that Gov. Tina Kotek toured the Port of Portland’s Terminal 2 in January to assess the speed and effectiveness of Hacienda’s Mass Casitas modular housing pilot. He says...
A manufactured home is a poor investment, because they depreciate. Right? – Wrong!! That lingering myth and lack of quality affordable site-built housing across the country has prevented many from realizing the American dream of quality homeownership. Many potential home buyers never consider manufactured homes for purchase because of the preconceived notion that the “mobile...
Source: Benzinga – A true passive and steady but slow investment vehicle in the commercial real estate sector continues to be manufactured housing. The sector is, for the most part, a resilient and consistent vehicle and an answer to the affordable housing crisis that is now accompanied by rising mortgage rates. As volatile as the...
The following contains excerpts from a news report via the San Diego Reader titled, “No trailer park trash in Del mar.” For the first time, the city of Del Mar, California is carving out rules that will allow manufactured homes to mingle with mansions in single dwelling neighborhoods. Currently, there are no manufactured...
“Putting the cart before the horse” is sometimes applicable to purchasers of new manufactured homes, often entering into a purchase agreement before knowing where the home is to be located and the costs of placement. The truth of the matter is: Shopping for a location goes hand-in-hand with shopping for your new manufactured home. In...
