Just a decade ago, many people used to prefer site-built construction to manufactured homes particularly due to the stigma of “trailer” living that was erroneously associated with manufactured housing. Because manufactured homes have evolved significantly over the years, they’re completely different from the old-style factory-built housing types. In fact, modern manufactured homes comply with the same quality, safety and design standards as a conventional site-built house. As a result, manufactured homes provide one of the best solutions to the current affordable housing crisis.
Manufactured Housing News
Manufactured Housing Market Outlook 2019: Changes That Will Impact the Industry
At the beginning of each year, nothing is more hotly debated across the manufactured housing industry than the trends and changes expected to transform this sector. Considering that a growing number of investors add manufactured home loan products to their portfolios and numerous home buyers choose manufactured homes over conventional site-built construction, let’s take a look at the most important changes projected to impact the manufactured housing industry in 2019.
The performance of any portfolio is largely tied to the types of products involved and the consumers who use those products. When it comes to manufactured homes, there has always been a struggle to see real returns due to the volatility of the products and the consumers involved. However, credit unions across the nation are noticing a change in these trends as manufactured homes have become more practical for people from all walks of life. Here are a few things you should be doing to increase the value of your manufactured home loan portfolio.