Nationwide, there’s an estimated shortage of about 3.8 million housing units. The shortfall has many causes, but it stems largely from a construction slowdown that began in 2008 during the Great Recession and never regained the momentum to meet present-day needs. There are repercussions for nearly everyone looking for a place to live – buyers...
Today’s modern manufactured homes are built to withstand 150 mph winds. Since the advent of post-Andrew wind standards, a manufactured home on the Florida coast has to have double wall studs, double roof trusses, thicker nails, and double tie-downs anchored in concrete. Manufactured homes built after the 1994 HUD Code change are subject to the...
Manufactured home cumulative production through August 2022 has increased to 10,000 homes over the same period in 2021. This year-over-year growth is expected to continue as more Americans are discovering today’s modern, high quality affordable manufactured housing. The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of...
Affordable housing in the conventional site-built sense is disappearing as a result of rampant inflationary pressures, escalating home mortgage rates, and post-pandemic supply chain issues. There are numerous economic specialists that believe we have entered a recession. There are those officials in the federal government who refuse to accept that assumption. That being said, home...
The decision to purchase a first home is probably the most important life-changing decision any of us will ever make. Understanding key factors in how to buy a new modern manufactured home and avoiding mistakes will make your experience enjoyable and efficient and result in your attaining the home that meets all your expectations. Before...
When applying for financing to purchase a manufactured home, a lender will consider your debt to income-ratio and other stability factors such as length of employment and how long you have lived at former residences. Although these are contributing factors in determining your qualifications for financing, your credit history can be a single determining factor...
“Prefabs are kinda cool though!” – Elon Musk. Elon Musk quite literally lives in a box. The 20 feet x 20 feet foldable prefab home is custom-made by Boxable, a startup that specializes in making modular instant houses. Elon’s ‘Boxable Casita’ is set up like a studio. The prefab modular house has one large room...
The correct terminology referencing manufactured housing, as opposed to site-built housing, has long been confusing for home buyers, the media, bureaucrats, the public at large, and to some extent, those employed in the manufactured housing industry. We will assume the birth of factory-built housing began In 1908, when Sears Roebuck began a new adventure, radical...
The manufactured home market is entering its hot season after a year of high demand and national supply challenges, according to a report by the Victoria Advocate (Texas). As demand for the manufactured home increased and stayed high during the pandemic, the difficulty for builders to supply new homes to the market caused backlogs for...
The decision to purchase a first home is probably the most important life-changing decision any of us will ever make. Understanding key factors in how to buy a new modern manufactured home and avoiding mistakes will make your experience enjoyable, efficient and result in your attaining the home that meets all your expectations. Before you...
