Manufactured Housing News

More and more young adults are shattering misconceptions about modular and manufactured housing as many go with these options to secure housing in an otherwise unaffordable market. This information comes by way of a new survey from Vanderbilt Mortgage and Finance, Inc, a national financial institution focusing on manufactured, modular, and mobile homes. The survey, conducted...

“Manufactured housing is such a critical piece to the affordable housing crisis and a potential keystone of all HUD’s housing programs.” Source: Regulatory News (RESPA News) –  October Research. LLC welcomed Teresa Payne, administrator for HUD’s Office of Manufactured Housing, and Esther Yamashiro, housing program officer of the Santa Ana Homeownership Center, Federal Housing Administration...

All consumer studies and surveys indicate that Americans who are renting overwhelmingly still hold on to the belief that someday, somehow, someway their dream of homeownership will eventually be realized. It has also been well chronicled that homeownership is the main component of the “good life.” This has been confirmed by a study by the...

October 04, 2022—Source: Cavco Industries, Inc. …Cavco Industries announced that the company had opened its newest manufacturing facility in Hamlet, North Carolina. Known as “Cavco Homes of North Carolina,” the 184,000 square-foot plants will produce homes built under standards of the U.S. Department of Housing and Urban Development (“HUD code”). The opening comes approximately seven...

It has been almost 50 years since a mobile home/manufactured home park was authorized in San Diego County, California. Source: Times of San Diego – The following are excerpts from an opinion column by Mark Powell, a real estate broker and a former San Diego County Board of Education member. (Note: Although this essay is...

Source: Legacy Housing Corporation BEDFORD, Texas, Sept.23, 2022 – Legacy Housing Corporation (the “Company” or “Legacy,” NASDAQ: LEGH) today announced its financial results for the second quarter that ended June 30, 2022.   Financial Highlights Comparison of Six Months June 30, 2022, and 2021 Revenue was $124.1 million, an increase of 40.2% from 2021 1H...

Expansion of federal loan programs could boost access to this path to homeownership. (Source:  PEW Article by Linlin Liang, Richard Siegel & Adam Staveski)  –  Data report compares the differences between site-built mortgage financing and available manufactured home financing. The following contains excerpts from that report and other reports referencing government-backed manufactured housing financing availability....

The majority of Gen Z adults and millennials are interested in housing options such as “mobile homes” and manufactured homes. As part of its Housing Supply Action Plan, the Biden Administration earlier this year announced programs aimed at making the financing and development of manufactured homes easier. A recent Morning Consult survey finds that about half...

RHP Properties, the largest private owner and operator of manufactured home communities in the U.S., has acquired 50 communities, including 41 communities in Wisconsin, seven in Minnesota, and two in Michigan. It plans to add more than 500 new manufactured homes to the new addition in the portfolio during the next five years, the company...

The Texas manufactured-housing industry ended the year on a low note, according to the latest Texas Manufactured Housing Survey. Respondents unanimously noted a decrease in business activity relative to November. The industry extended a year-long pullback on production as higher interest rates shocked demand and reset the housing market more broadly. “Housing manufacturers are still...