flexiblefullpage - default
Currently Reading

Mobile Home 'Renaissance' May Be on the Horizon

Advertisement
billboard - default

Mobile Home 'Renaissance' May Be on the Horizon


June 26, 2018
Mobile home
Photo: Unsplash/Isaac Moore

One in 10 households living below the poverty line in the U.S. reside in manufactured housing units, or mobile homes, which account for the most unsubsidized affordable housing in the country.

A recent report from real estate listing site Apartment List finds that 5.6 percent, or 17.7 million Americans, live in manufactured homes, a number that is expected to grow. The mobile homes have the highest share of housing stock in the South and Southwest, and are attracting many Sun Belt seniors looking to cut costs and downsize. Apartment List senior research associate Sydney Bennett adds, “I do think we could see a renaissance." In the 100 largest metros in the country, mobile home residents spend about 40 percent less on housing than their stick-built counterparts, Realtor.com reports. 

Mobile homes "could be viewed as the best option to get more people into single-family homeownership,” says Dave Anderson, executive director of National Manufactured Home Owners Association. Unlike tiny homes, for which you pay less but also get less space, the square footage of mobile homes is increasing, making them a better buy, he says. However ... mobile homes are sold separate from the land in the trailer park. If the owner of the trailer community sells the land for another purpose, the residents have to move. Since many “mobile” homes are no longer actually mobile, the owners have to buy another trailer and move to another location.

Read more

Tags

Related Stories

Design

Rethinking Housing Design in 2023 

To meet homebuyers’ evolving needs, we should use the current market slowdown as an opportunity to take a fresh look at housing design in response to recent trends

Builders

The Biggest Challenges for Contractors in the Year Ahead

High inflation, dwindling buyer demand, and lingering supply chain obstacles are just a few of the many challenges keeping contractors up at night during the first month of the new year

Housing Markets

These Are Zillow’s Most Popular Cities of 2022

Buyers moved away from costly coastal cities and drove up housing demand in these popular Midwestern metros in 2022

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.