Manufactured Housing News

For many people, buying a home is an important financial decision. However, choosing the right type of home is often more important than bringing your dream of homeownership to life. That’s because the home that you choose will indirectly dictate a series of factors, including the type of neighborhood you’ll live in, the financing options you may qualify for, and the payment you’ll have to make every month over the life of the loan.

Modular and manufactured homes are two prefab housing options that virtually offer the same advantages as site-built houses, but at a lower price. Although modular and manufactured homes are still plagued with stereotypes, stigma, and misinformation, their affordability, durability, versatility, energy efficiency, eco friendliness, and speed of construction demonstrate that they actually provide a very viable housing alternative to conventional site-built construction.

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.