(Source: Excerpts from a report by Nexstar Media Group,Inc). For years, the city of Norfolk has been trying to resolve its housing shortage, but it wasn’t until recently that the Chamber was shown an affordable solution “In rural Nebraska, we have to keep growing because data shows that we’re not, so we’ve been addressing that...
A study by Foremost Insurance Company indicated that the average manufactured homeowner is 49.9 years old. However, today’s high quality affordable manufactured homes appeal to a wide range of demographic groups. The following three groups and their motivations for choosing modern manufactured housing are summarized below. “Baby Boomers” – (aka Generation X – born...
Manufactured Homes can offer home buyers a plethora ownership opportunities for those priced out of today’s expensive site-built housing market. According to Zillow, the average home costs nearly $350,000, whereas the U.S. Census Bureau says the average new manufactured home sells for about $130,000 – 86,400 for a single section and $158,600 for a double...
(Source: MHI) – Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD), “We are thrilled about the nomination of Scott Turner as HUD Secretary, said MHI CEO Dr. Leslie Gooch, “We appreciated his engagement and attention to innovative housing solutions in his...
The origin of today’s modern single section (aka single wide). and subsequent multi-section manufactured and mobile homes, began well over half a century ago with the factory built single section “mobile home.” Today’s modern single section manufactured home bears little resemblance in size, construction, features, amenities, energy efficiency, safety, and exterior appearance to the “mobile...
The 2025 housing market is expected to experience a blend of challenges and opportunities. Sustained elevated mortgage rates and persistent affordability issues have tempered new home demand overall but encouraged more buyers to closely examine manufactured homes. 2024 will record increases around 15% over 2023, to a total of nearly 110,000 homes. Continued strong economic...
Pew Research shows this option, more attainable for many (Source: the following are excerpts from part #1 and part #2 of a Pew Research comprehensive analysis of the benefits of manufactured housing). At a time when the housing shortage has caused home prices to soar, removing the barriers that prevent more manufactured housing from being...
Among the numerous federal agencies getting new leadership in 2025 is the U.S. Department of Housing and Urban Development. Which plays a key role in many home transactions but doesn’t often see the limelight. President-elect Donald Trump said in November he would nominate Scott Turner, a former Texas state representative and professional football player as...
“Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” Mark Twain Manufactured homes continue to remain the number one housing option for seniors retiring from the workforce. In fact, a greater portion of households that live in manufactured homes are headed by a retiree (32%) than...
Potential home buyers find it difficult to purchase a site-built home that meets their expectations at a price they can afford. Many are pleasantly surprised when they become aware of today’s modern manufactured homes that meet all of those expectations and wants at affordable prices. Why buy an existing home when you can get everything...
