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Manufactured homes have historically been considered a solution to affordable housing shortages, but ballooning rent and financing costs are creating new barriers.
Sometimes referred to as mobile homes, they are built entirely in manufacturing plants and transported to the property where they’ll stay. It’s an option that’s 35% to 47% cheaper per square foot than traditional housing, which is built on-site on a permanent foundation, according to data from the Urban Institute.
“The puzzle is why there’s so little (manufactured housing) being shipped when it’s a much better product than it used to be,” said Laurie Goodman, an Urban Institute...
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“The puzzle is why there’s so little (manufactured housing) being shipped when it’s a much better product than it used to be,” said Laurie Goodman, an Urban Institute fellow.
Here’s the reason they’re not selling more new mobile homes:
- The prices are too high.
- Nobody has put together financing programs that consumers can qualify for without park owners having to participate in the default process.
- The outside of the homes are not appealing to the eye.
- The HUD installation guidelines add $10,000 to $20,000 to the already too high pricing.
Solve those issues and you might sell more homes. Until then, forget it.

