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77% of people who are aware of manufactured homes expressed a positive sentiment toward these homes, describing them as “new,” “efficient,” “affordable” and “easy.” Most agree that there are tangible benefits to manufactured homes.
Demand for manufactured housing remains strong in the post-pandemic US, particularly as construction pipelines for the sector continue to be limited and the number of Americans over 55 increase.
Housing lenders, developers and advocates think they have found a winning formula by building homes in factories that look like site-built homes but cost less. Still, manufactured-home makers face a battle…
Like many parts of the country during the pandemic, Sacramento’s housing market was on fire, with a median sale price of $380,000 in July 2020, up from $348,500 the year before, according to Realtor.com.
Manufactured housing is an affordable option for Americans to purchase homes. Manufactured homes can cost an average of $62,600, compared with $272,200 for a single-family site-built home [source: U.S. Census Bureau].
According to a Census Bureau report, millennials outnumbered baby boomers in 2015. Over the past few years, this generation has become a driving force in different markets, including the real estate market.
A study issued by the National Fire Protection Association (NFPA) in July 2011 shows that both the occurrence of fire and the injury rate is lower in manufactured housing than site built homes.
Doug Ryan, interim vice president of policy and applied research at Prosperity Now—talked to Multi-Housing News about the many obstacles the industry still has to overcome.
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