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Manufactured Housing (MH)

What is 'Manufactured Housing - MH'

A housing unit constructed primarily off-site prior to being moved to a piece of property where it is set. The cost of construction per square foot is usually considerably less for manufactured housing than for traditional on-site homes (stick-built homes). In the 1990s, this style of housing accounted for nearly 25% of new home sales for families in the United States.

This type of housing also includes "modular homes" - homes divided into multiple sections that are constructed off-site, then assembled like building blocks at the property.

Explaining 'Manufactured Housing - MH'

Financing a manufactured home can be different than financing a stick-built home. If the manufactured home is purchased separately from the land on which it will sit, a personal property loan is the most common type of financing. Personal property loans carry a higher interest rate than traditional mortgages. If the manufactured home and the land are purchased together, a traditional mortgage might be available. Loan terms and programs vary from lender to lender. The Federal Housing Administration and Department of Veterans Affairs have manufactured-housing loan programs.


Further Reading


The contribution of manufactured housing to affordable housing in the United States: Assessing variation among manufactured housing tenures and community types
www.tandfonline.com [PDF]
… manufactured home costs less than half per square foot what a new site-built home costs (US … Cost and size comparison for manufactured and site built homes … Retrieved from https://www.census.gov/data/tables/2017/econ/mhs/2017-manufactured-housing-survey-annual …

Overcoming barriers to placing manufactured housing in metropolitan communitiesOvercoming barriers to placing manufactured housing in metropolitan communities
www.tandfonline.com [PDF]
… manufactured home costs less than half per square foot what a new site-built home costs (US … Cost and size comparison for manufactured and site built homes … Retrieved from https://www.census.gov/data/tables/2017/econ/mhs/2017-manufactured-housing-survey-annual …

The impact of manufactured housing on adjacent residential property values: A GIS approach based on three North Carolina countiesThe impact of manufactured housing on adjacent residential property values: A GIS approach based on three North Carolina counties
onlinelibrary.wiley.com [PDF]
… manufactured home costs less than half per square foot what a new site-built home costs (US … Cost and size comparison for manufactured and site built homes … Retrieved from https://www.census.gov/data/tables/2017/econ/mhs/2017-manufactured-housing-survey-annual …

The Value of Manufactured Housing Communities: A Dual-Ownership ModelThe Value of Manufactured Housing Communities: A Dual-Ownership Model
papers.ssrn.com [PDF]
… manufactured home costs less than half per square foot what a new site-built home costs (US … Cost and size comparison for manufactured and site built homes … Retrieved from https://www.census.gov/data/tables/2017/econ/mhs/2017-manufactured-housing-survey-annual …

Review of the thermal energy standards for manufactured housing proposed by the Manufactured Housing Institute Consensus CommitteeReview of the thermal energy standards for manufactured housing proposed by the Manufactured Housing Institute Consensus Committee
www.osti.gov [PDF]
… manufactured home costs less than half per square foot what a new site-built home costs (US … Cost and size comparison for manufactured and site built homes … Retrieved from https://www.census.gov/data/tables/2017/econ/mhs/2017-manufactured-housing-survey-annual …


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