What to Expect from the Affordable and Manufactured Housing Industry

The need for quality, affordable housing has never been greater. Today’s manufactured homes can deliver outstanding quality and performance at prices that are up to 50 percent less per square foot than conventional site-built homes. These savings allow more and more Americans to own their own home, even in the face of an ever-widening housing affordability gap.

The affordability of manufactured housing is due to the efficiencies of the factory-building process. Manufactured homes are constructed with standard building materials, and are built almost entirely off-site in a factory. The controlled construction environment and assembly line techniques remove many of the problems encountered during traditional home construction, such as weather, theft, vandalism, damage to building products and materials, and unskilled labor. Factory employees are trained and managed more effectively and efficiently than the system of contracted labor employed by the site-built home construction industry. 

Much like other assembly line operations, manufactured homes benefit from the economies of scale resulting from purchasing large quantities of materials, products and appliances. Manufactured home builders can negotiate substantial savings on many components used in building a home, with these savings passed on directly to the homebuyer.

Today’s manufactured homes have experienced an evolution in the types and quality of homes available to buyers. Technological advances allow manufactured home builders to offer a variety of architectural styles and exterior finishes that will suit most any buyer’s dreams while allowing the home to blend in seamlessly into most any neighborhood. Two-story and single-family attached homes are but two of the new styles generated by factory-built innovation.

Most of the Manufactured or Modular home buyers are people making $50,000 a year or less. This market has not changed 50 years. In the United States three fifths of the population have always make up that market.  

34% of new homes are placed in a land-lease community.

22 million people currently live in manufactured homes, with a median income of $30,000. Out of all new single-family home starts, 10% are manufactured. This is due to the fact that a new site-built home has a national average price per square foot of $107, while a manufactured home is at $49.

In this industry, not only the home is important, there are over 40,000 land-lease communities and 4.2 million home sites. Landaval has experience in developing for these kinds of Industries