The state of Arizona has taken steps to ease restrictions on the transfer of manufactured homes to simplify the process for potential sellers.
According to the Arizona Business Daily, the decision is tied to an effort to better compete with surrounding states in the manufactured home sales sector. Until the move at the end of March, anyone who wanted to sell a manufactured home was required to obtain a separate broker or dealer license from the Arizona Department of Housing (ADH) Manufactured Housing Division.
The Arizona Association of Realtors says that there are very few ADH licensed dealers remaining in the state, and that many sellers found themselves on the wrong side of deeply discounted prices in other states, where sellers fared better.
“The measure will permit a real estate broker or salesperson to perform sales duties on behalf of a licensed manufactured housing dealer for units located in a mobile home park if the dealer complies with required fees and paperwork,” the associate said in a statement.
“Additionally, such a professional will be allowed to act on behalf of a private party as long as the person remains in compliance with the Arizona Department of Real Estate.”
The legislation for the action, HB 2072, was introduced by state representative Jeff Weninger (R-Chandler) and Arizona Governor Doug Ducey signed the bill into law in late March. It is slated to become effective later this year.
As Daily Business News readers are aware, manufactured housing continues to provide a cost effective and efficient solution to affordable housing with high quality.
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially again during March 2017.
These statistics indicate that HUD Code manufacturers produced 8,245 homes in March 2017, a nearly 16 percent increase over the 7,110 HUD Code homes produced during March 2016.
Cumulative industry production for 2017 now totals 23,384 homes, a 22.4 percent increase over the 19,101 HUD Code homes produced over the same period in 2016. The full report is linked here. ##
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Submitted by RC Williams to the Daily Business News for MHProNews.