The Manufactured Housing Institute (MHI) has released a report, “Quick Facts Trends and Information About the Manufactured Housing Industry ” which includes key data and shows growth for the industry.
The report cites that manufactured housing provides a practical, viable and affordable housing solution for residents across a wide range of age, employment and household income demographics.
Cost and size comparisons of new manufactured and single family site-built homes is also included, showing that manufactured housing is on par with site built housing in terms of quality and the ability to retain value.
“Today’s manufactured homes have experienced a major evolution in the types and quality of homes being offered to buyers,” the report said.
“Technological advances are allowing manufactured home builders to offer a much wider variety of architectural styles and exterior finishes that will suit most any buyer’s dreams, all the while allowing the home to blend in seamlessly into most any neighborhood. Two-story and single-family attached homes are but two of the new styles being generated by factory-built innovation. As a result, today’s manufactured homes are offering real housing options for the neglected suburban and urban buyers.”
While the MHI report cites that buyers can save ten to twenty percent per square foot compared to conventional site built homes, data from the U.S. Census Bureau provides conflicting data on the matter, showing a more significant cost savings. The Census Bureau data should be understood as correct on that specific point.
(Image credits are as shown above.)
Submitted by RC Williams to the Daily Business News for MHProNews.