Manufactured Housing News

Senator Richard Blumenthal outlined his proposal for a federal mobile homeowners “Bill of Rights” during a recent visit to the Southington Municipal Building and had some strong words for businesses that buy up such properties, hike rents and fail to provide timely services. Blumenthal said the behavior on the part of some owners of such...

According to a February 22, 2023 HOUSING ALERT by Manufactured Housing Institute (MHI)), the Federal Housing Administration (FHA) announced it is reducing its annual  mortgage insurance premium (MIP) for FHA-insured Single Family Title II mortgages by 0.30 percentage points, from 0.85% to 0.55% for most new borrowers. Although the premiums differ for some borrowers based...

“Manufactured housing industry we’ve got a pricing problem.” I say “we” as I’m sorta in the industry. No,our prices are not too high. The problem is the pricing is inconsistent. Purchasers have no idea what price a manufactured home should sell for. Therefore they tend to go from one dealer to the next trying to...

“The theory that manufactured homes are less quality and not as safe is consistently proven not true.” During the first Senate Banking Committee hearing of the 118th U.S. Congress titled “The State of Housing 2023,” Ranking Member Tim Scott, Senator from South Carolina, praised manufactured housing stating “the theory that modular or manufactured are less...

SOURCE: Excerpts from a report by Elaine Mendoca – posted by Bestocks The highly esteemed Marshall Financial Group LLC has recently made headlines within the investment industry with its notable acquisition of a new stake in the renowned company, Skyline Champion Co. (NYSE:SKY – Free Report). This bold move exemplifies the astute decision-making and strategic...

Manufactured Housing Institute (MHI) members attending the Winter Meeting in Houston got a look at new findings from MHI’s latest consumer survey. Linda Mackenzie of Trifecta Researh Group, which conducted the survey, gave a presentation that highlighted key findings from the survey. This research revisits MHI’s consumer research from 2018 while also expanding on the...

(The following are excerpts from a BestStocks report written by Roberto Liccardo – July 16, 2023). Legacy Housing Co. (NASDAQ:LEGH) recently caught the attention of investors and market analysts alike when major shareholder, Douglas M.Shipley, sold 11,000 shares of rhe company’s  stock on Wednesday, July 12th.The average selling price stood at $22.64, resulting in a...

Source: MHI – (condensed for brevity) The following are 8 frequently asked questions (with brief answers) generally posed  by potential manufactured homebuyers.   Why should I consider a manufactured Home? If you’re looking to get the most out of your “housing dollar,” you should consider a manufactured home. Depending on the region of the country,...

Source: Manufactured Housing Institute (MHI) Monthly Economic Report              Manufactured Housing Highlights   NEW HOMES PRODUCED IN JUNE        8,169        Increase from May 2023           + 3.8%       Decrease from June 2022         – 28%   HOMES PRODUCED YTD 2023             43,888     ...

The following are excerpts from an expansive study by the Joint Center for Housing Studies at Harvard University. Much of that study and research affirm the importance of manufactured housing in addressing the nation’s home affordability crisis. Following is the abstract from that report, concerning the costs of manufactured homes compared to traditional site-built homes....