As thousands of manufactured home professionals know, a significant portion of HUD Code and modular housing buyers come from those selling a conventional house.
That equity from a house sale may then be used to pay cash, or make a larger down payment, to buy a new manufactured or modular home.
Several of those homeowners interviewed by MHLivingNews fall into that category.
Against that backdrop, the latest S&P CoreLogic Case-Shiller value data reveals growing opportunities for the industry’s professionals.
In a media release to manufactured housing industry’s Daily Business News, S&P CoreLogic Case-Shiller latest research reveals that prices and equity in conventional housing has been accelerating.
That means that the opportunity to sell more homes – notably upscale manufactured homes – is at a new high.
In this video with award winning retailer Stan Dye, the Sunshine Homes retailer explains related points. Namely, that when someone is over 50 and buying a home, they’ve often already owned a conventional house. They’re looking for a “good home” – meaning, a more residential style home, vs. the lower cost, entry level products.
Close attention to what Dye said makes it clear that he’s not saying that
- an entry level,
shade and shelter
- VOG home is ‘bad.’ They’re built to HUD standards for safety, construction and energy.
Rather, Dye’s point is that than those conventional home buyers are looking for more quality, enhanced appeal, and residential style than those entry level manufactured homes.
The Dye video and related story is an effective one for retail shoppers, and can be shared with the public on MHLivingNews at this link here.
Higher House Values Means More Opportunities, Per CNBC
Nor is this analysis only the perspective of MHProNews. CNBC’s analysts are citing this same CoreLogic Case-Shiller data as a reason why opportunities for conventional housing are also rising.
The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. ## (News, analysis, commentary.)
(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach to the Daily Business News for MHProNews.