Blog Entry

Some Benefits of Manufactured Homes

  • Affordability: Manufactured homes may be more affordable than stick-built homes because of the standardization of creating the homes in a factory and cutting down on assembly costs.
  • Fast construction: It may take less time to build a manufactured home compared to a stick-built home. The construction time may be shorter because the factory process is streamlined and less likely to encounter delays.
  • Standards: Manufactured homes have high safety standards, including HUD’s environmental impact standards. In short, HUD standards ensure that you’ll live in a quality home.

Taken from~ Manufactured Home Pros

How Many Manufactured Homes go to Communities

There are an estimated 4.3 million manufactured home sites in the United States. Approximately 57 percent of new manufactured homes are placed in a community. The U.S. has approximately 43,000 manufactured home communities. More than a third of the country’s known communities were constructed in the 1950s through 1990s, 17.2 percent from 1950 through 1970 and 16.2 percent from 1971 to 1990.

Taken from ~ Manufactured Housing Industry Trends and Statistics

Choices of Financing for Manufactured Homes

There are two main ways to finance the purchase of a manufactured home. Conventional mortgages are available to qualified buyers who purchase their manufactured home along with a parcel of land. Personal property loans are available for homes located on land the buyer does not own, such as a manufactured home community, or when only the home is being financed and not the land.

Taken from ~ Manufactured Housing Institute