Preview:
If you thought the cost of single-family homes surged across the U.S. during the pandemic, that’s nothing compared to the escalating prices in America’s trailer parks.
A new study by LendingTree has found that the prices of manufactured residences, also known as mobile homes, have increased faster than traditional single-family properties, The New York Times reported on Thursday. The report looked at data from the U.S. Census Bureau to pinpoint where the country’s numbers have risen the most and how prices have changed from 2017 to 2022.
In 2017, the average sales price of a manufactured home in the U.S. was $71,900. By 2022, that number...
Read MoreOur thoughts on this story:
Ah yes, the power of manipulating data to focus only on percentages and not the actual price points. Sure, new mobile homes have gone up more than new single-family homes by percent – but that’s only because they started from a really low number in the first place. On top of that, the stick-built numbers have been corrupted by the author to include used units, too (since apples to oranges comparison was the only way to make their case).
"In 2017, the average sales price of a manufactured home in the U.S. was $71,900. By 2022, that number had spiked 77 percent to $127,300. At the same time, traditionally built single-family dwellings clocked in at $293,737 but only saw prices rise by 47 percent to $430,800 in that same period"
Look, I can play the same game:
- Dollar Tree raised their prices from $1 to $1.25 so they went up 25% while Walmart only went up 10%. What an unscrupulous outfight the dollar store must be! But wait ... that’s wrong.
- McDonald’s Value Meal product went from around $1 to $2 so they’re up 100% while Red Lobster only went up 20%. Darn that evil McDonald’s – how abhorrent! Hold on though … I know that’s not true.
The important data is the ACTUAL COST not the percentage of increase. A $127,300 mobile home is a heck of a lot cheaper than a $430,800 single-family home. In fact, if you’re obsessed with percentages, it’s 338% higher. I’m sure the author pushed the percentages to make their case, but only an idiot would come to their hoped-for conclusion.
One final problem with this piece of bad journalism. Used mobile homes sell for $1,000 to maybe $30,000, so if you include used mobile homes in those stats – which is only fair since you’re allowing used homes into the SF stat – then the actual statistically accurate price of the average of new and used mobile homes is more like $70,000 which is an even bigger gap with the SF number. To whoever wrote this article: nice try.

