The Manufactured Housing Institute reported recently in a newsletter to members that Rep, Raph Norman of South Carolina sent a letter to the House Appropriations Committee urging it to include the manufactured housing energy standards limitation amendment he sponsored be included in the Fiscal Year 2024 Energy and Water Appropriations bill. The language has been adopted by voice vote during House considerations on the topic. “Manufactured housing is truly one of the best opportunities for helping families make the dream of homeownership a reality,” Norman stated in the letter. “As a representa ..read more

From Montauk to Malibu, the prices of manufactured homes and mobile homes* can soar into millions of dollars If you thought the cost of single-family homes surged during the pandemic, that’s nothing compared to the escalating prices in America’s manufactured and mobile home communities. A new study by Lending Tree has found that the prices of manufactured home residences have increased faster than traditional site-built single family residencies, according to a report by The New York Times. The report looked at the data from the U.S. Census Bureau to pinpoint where the country’s numbers have r ..read more

Brookfield Fund Sells $325 Million of Manufactured Home Sites (Source: Bloomberg) – A Brookfield Asset Management LTD. The property fund sold a large chunk of a manufactured housing portfolio as the company seeks to capitalize on growing demand for the sector. The $325 million deal consists of 19 manufactured  housing communities across seven U.S. states, totaling 3,166 home sites, according to a Brookfield spokesperson. The sale resulted in a gross internal rate of return of roughly 24%, the spokesperson said. The company declined to name the buyer. Brookfield snapped up the bulk of its ..read more

Sometimes families decide to buy a manufactured home because they are more affordable than traditional site-built homes. However, that affordability is based upon the original sales price and not necessarily found in the financing of the manufactured home. Now a partnership between RBC Mortgage and Fannie Mae, the nation’s largest source for home mortgages, is designed to make the financing and purchase of manufactured homes safer and more affordable for low-to moderate income families. Through the partnership, 30 year mortgage financing with down payments as low as 5 percent will be available ..read more

LOUISVILLE, KY. The recent Louisville Manufactured Home Show at the Expo Center came hoping to offer solutions to one of Louisville’s biggest problems: housing. Organizers believe the developers behind these homes could be the answer to create more affordable housing in the city. For the most part, the city agrees. Marilyn Harris, the director of Metro Louisville’s Office of Housing and Community Development, said these kinds of homes are easy, less expensive, and generally need less space. The city’s land bank is full of hundreds of properties forgotten or abandoned and now owned by the city ..read more

Cavco Industries, Inc. announced a significant innovation in the manufactured home industry with the launch of the first nationally available, manufactured home duplex approved by the Department of Housing and Urban Development (HUD). Dubbed the Anthem, this trailblazing series of homes marks a significant advancement in providing affordable housing, aligning with the Federal government’s push for creative housing solutions to combat rising prices. In a market struggling against growing construction costs and limited inventory, the Anthem emerges as a practical solution for the rapid expansion ..read more

Manufactured homes can offer an opportunity for ownership to millions of people priced out of today’s expensive housing market.  According to Zillow, the average home costs nearly $343,000, but the U.S. Census Bureau says the average new manufactured home sells for $127,300 – $86,400 for a single – section and $158,600 for a double-section. HUD states, “Manufactured homes (formerly known as mobile homes) can be a great alternative for first-time and other homebuyers.” This is especially true considering that HUD, which regulates  manufactured homes. has a special program in partnersh ..read more

Buyers struggling to purchase traditional homes may be considering luxury manufactured homes as an affordable entry point into homeownership. What are some key aspects to be aware of in the 2024 outlook for manufactured housing? Let’s explore. Licensed Realtor Joy Aumann told GOBankingRates she works closely with luxury manufactured home clients in Southern California. Based on data from the U.S. Census Bureau and industry reports, Aumann said she predicts prices for luxury manufactured homes will continue increasing throughout the next year. “Last year, average sales prices nationwide rose to ..read more

Following are excerpts from News Provided BY Clayton Flexible Zoning Policies for Off-site Built Housing Can Help More Families in U.S. Cities Clayton, a leading national builder of single-family attainable housing, partnered with Georgia Manufactured Housing Association to unveil a new urban infill project showcasing two Clayton Built CrossMod homes developed by Iron Horse Communities, the first of their kind within the Atlanta perimeter. CrossMod homes combine off-site construction with site-built features, making the first of their kind within the Atlanta perimeter. CrossMod homes combine o ..read more

Source: Manufactured Housing Institute (MHI) – Monthly Economic Report – In October 2023, 8,383 new manufactured homes were shipped, an increase of 431 homes or 5.5% percent compared to September 2023, and a decrease of 302 home or 3.5% compared to October 2022. Compared with the same month last year, shipments of both single section and multi section homes were down by 3.3 percent and 3.6 percent respectively. Total floors shipped in October 2023 were 13,013, a decrease of 465 floors or 3.5 percent compared with the same month last year. The seasonally adjusted annual rate (SAAR) of shipments ..read more