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FLORIDA — A new federal housing law could change how manufactured homes are financed and, over time, how some are built.
The 21st Century ROAD to Housing Act, signed into law July 11, raises FHA-insured loan limits for manufactured housing and changes the federal definition of a manufactured home by allowing homes to be built with or without a permanent chassis.
At Jacobsen Homes in Florida, longtime industry veteran Mike Wnek said manufactured housing has changed dramatically since he entered the business in 1978.
“Night and day. Back in ’78, we were building trailers. We were building a new modern manufactured home, but it was still...
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People are getting overly excited about the new law (which is still in the actual draft of the rules phase) that allows the chassis to be removed from the mobile home. Removing the old-fashioned “boat trailer” sounds great on paper, but mobile homes have to have something structural at the bottom to sit on, and the replacement may have its own disadvantages. I have talked to several people on the manufacturing side of the industry and the consensus is that 1) it won’t bring the cost down at all and 2) it will actually increase the delivery and setting cost (some home sets will require a crane). I am all in favor of getting mobile homes as close to the ground as possible – the skirting smacks of “trailer trash” – but, like doublewides, I don’t think any of this will matter to park owners, as opposed to those buying a home to go on their own private land.