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
As the economy has rebounded from the Great Recession, housing prices have begun to skyrocket once more. In many cities, this has led to a serious shortage of affordable housing options. As a result, manufactured homes are becoming more popular and could offer a simple solution to one of America's most pressing problems. Here are five ways that manufactured homes are making a difference:
Manufactured homes have always held a certain spot in the real estate industry, in the past it was often viewed as a last resort for those with limited income. However, major changes in the manufacturing home industry have boosted their popularity in recent years, and now they are making a strong comeback. Here's what you should be keeping an eye on as we head into the next big phase of housing development in the United States.