What’s The State of the Manufactured Housing Industry?
This post highlights some of the top-line trends in the manufactured housing industry. Manufactured homes continue to be a crucial solution to the affordable housing crisis. Judging by the numbers, the future is promising.
Competitive Advantage
What is the cost per square foot comparison between manufactured and site-built homes?
The average cost per square foot of a site-built home is $119. The average cost per square foot for a manufactured home is $57.
Community Living
How many manufactured homes are there, and how many go to communities?
There are an estimated 4.3 million manufactured home sites in the United States. Approximately 31% of new manufactured homes are placed in a community.
How Many People Live in Manufactured and mobile homes?
Manufactured housing industry trends and statistics show 22 million people in the U.S. live in a manufactured or mobile home. Manufactured homes make up 9% of annual new home starts. About 76% of new manufactured homes are titled as personal property (chattel).
Resident Satisfaction
How much do residents and owners of manufactured homes appreciate their decision?
A recent study reveals 90% of people are satisfied with their mobile or manufactured home. Seventy-one percent of residents cite affordability as the key driver for choosing manufactured housing. About 62% of manufactured and mobile home residents anticipate living in their home for another 10 years, and 38% don’t ever anticipate selling their home.
-Data provided by the Manufactured Housing Institute
Take a look at the full manufactured housing industry data infographic published in our July/August 2020 State of the Industry edition of The MHInsider magazine.
