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This article is brought to you by MHI
According to the U S. Census Bureau, HUD Code manufactured homes represented
20.7 percent
of all new single-family housing starts in 1999. While sales of multi-section manufactured
homes continue to rise, single section sales have continued to decline. In
1999,
multi-section homes represented 64.7 percent of all industry shipments compared to single
section homes at 35.3 percent. A key factor in the growing acceptance of manufactured
housing is affordability. At an average cost of $43,600, it is clear why a manufactured
home is much more affordable than a site-built home at an average cost of
$153.425
(excluding land price). Today's manufactured home offers the homebuyer quality, value,
flexibility in choosing variations in floor plans and designs, and many more benefits at
an affordable price. In addition, manufactured homes are required to meet the strict HUD
Code, including requirements for energy efficiency, which are designed to make sure that
homebuyers have the lowest possible energy costs balanced with the best value in their
home purchase. It is easy to see why the use of manufactured housing is growing so rapidly
and makes good economic sense. In addition, manufactured housing provides the most up-to-
date, technologically advanced features that many homebuyers are looking for, including
spacious floor plans, vaulted ceilings, walk-in closets, fireplaces, brand-name
appliances, customization packages, and Jacuzzi tubs. Exterior designs are also available
that are compatible with almost any neighborhood.
Through various programs and initiatives, the industry continues to work towards removing
outdated and obsolete zoning barriers and educating officials and consumers on how today's
manufactured housing can meet their needs. One example of a very successful program
currently underway is the manufactured housing Urban Design Demonstration Project. The
purpose of this project is to demonstrate how today's manufactured homes meet the need for
affordable housing that is aesthetically compatible with existing urban neighborhoods.
As more officials and consumers become familiar with today's manufactured homes and how
they can meet their needs, the industry can look forward to a future of unlimited growth
potential.
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