Posts

High mortgage rates, lack of supply and elevated prices of homes have made the dream of owning a house for a lot of first-time buyers out of reach. But some experts suggest that one option that could help ameliorate the challenge of affordability in the housing market—manufactured homes, which cost $129,000 on average.

Read the full article on Newsweek.com.

 

Keep Exploring

Related Posts

September 11, 2024

HUD Announces Extensive Update to HUD Code

The Manufactured Housing Institute (MHI) commends the U.S. Department of Housing and Urban Development (HUD) for its long-awaited amendments to the Federal Manufactured Home Construction and Safety Standards (HUD Code).

September 3, 2024

RV/MH Hall of Fame Welcomes Class of 2024

Last week, the 2024 RV/MH Hall of Fame Inductee Ceremony officially welcomed the Class of 2024. The Hall of Fame strives to recognize, preserve, and honor the history, pioneers, and individuals who have been instrumental in making the Recreational Vehicle and Manufactured Housing industries what they are today.

Vice President Harris Announces Plan for First 100 Days, Congressman Plans to Introduce Supporting Bill

As part of her campaign for president, Vice President Kamala Harris released several elements of her plan for her first 100 days in office. These are priorities that she believes will lower costs for American families. Major topics of the plan include housing and home ownership, medical debt and drug prices, grocery costs, and taxes.

September 11, 2024

HUD Announces Extensive Update to HUD Code

The Manufactured Housing Institute (MHI) commends the U.S. Department of Housing and Urban Development (HUD) for its long-awaited amendments to the Federal Manufactured Home Construction and Safety Standards (HUD Code).

Consumer Sentiment About Household Finances and Credit Availability is Mixed

The Federal Reserve Bank of New York released its Survey of Consumer Expectations earlier this week. While consumers are more optimistic than pessimistic about their financial situations a year from now, the data shows that many consumers feel that it will become more difficult to obtain credit.

September 3, 2024

RV/MH Hall of Fame Welcomes Class of 2024

Last week, the 2024 RV/MH Hall of Fame Inductee Ceremony officially welcomed the Class of 2024. The Hall of Fame strives to recognize, preserve, and honor the history, pioneers, and individuals who have been instrumental in making the Recreational Vehicle and Manufactured Housing industries what they are today.