As the housing affordability crisis has deepened, manufactured housing is garnering more interest as an important source of affordable housing, particularly among rural and low-income households. In addition, it costs significantly less and takes less time to build a new manufactured home than to build a new site-built home of comparable size. As a result, manufactured housing has the potential to be an important tool in adding new homes to housing supply despite the likely slowdown in the shipments of new homes due to recent elevated levels of job loss.
More Affordable All-In Housing Costs
The median monthly all-in cost to own or rent a manufactured home is lower than for a site-built home. The median all- in monthly housing cost of $925 per month for manufactured home owners was $675 per month less than that paid by owners of site-built homes. The all-in cost was $350 per month less for renters of manufactured homes.
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