Manufactured Housing News

Manufactured Homes Have Caught the Eyes of Millennials

Friday, 4 December 2020

Tags: Home Lending Market, Home buyers, Home Buyer Information, Realtor Information

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.  

Indirect Auto Loans Struggle while Manufactured Home Loans Increase

Monday, 17 August 2020

Tags: Home Lending Market, Home financing, Loan Portfolio Improvement Tips, auto loans

During an economic downturn, people tend to cut spending and postpone big purchases, like cars and homes. But even though we’re currently facing a decline in economic activity, many people are planning to buy a home within the next few months. Conversely, many financial institutions are originating fewer auto loans despite rock-bottom interest rates.

Manufactured Homes Are Helping the Housing Shortage

Monday, 6 July 2020

Tags: Home Lending Market, affordable housing

The United States is currently facing a persistent shortage of affordable housing, which has spread from densely packed cities to many metropolitan areas across the country. Despite the recent improvements in housing output, the housing affordability crisis continues to deepen, driving up home prices and rental rates faster than wages. According to NLIHC, most renters spend 30% or more of their income on rent. This basically means that many Americans aren’t able to comfortably pay rent or buy a home, and still have enough money to cover all of their monthly expenses.

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