Millennial homebuyers have finally become the dominating force in the housing market. But one important aspect is that these homebuyers prefer different types of homes in different types of neighborhoods than their parents and grandparents did. Unlike previous generations, which predominantly bought conventional homes in big cities, millennials prefer factory-built homes that are located in the suburbs or rural areas. To better understand the trends that are shaping the housing market right now, let’s take a look at the most important factors that influence millennials to purchase a manufactured home.
Manufactured Housing News
Over the past few years, the demand for affordable housing has increased continuously in many areas across the country. As a result, the affordable housing shortage has deepened, driving up home prices and rental rates. The steady increase in housing prices is one of the reasons why the homeownership dream remains unattainable for many hard-working Americans.