Mobile home industry booms amid housing affordability crisis

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ELKHART, Ind. (NewsNation) — What was erstwhile a heavy stigmatized manufacture is present booming arsenic manufactured homes connection much affordable options successful a lodging marketplace that continues to terms retired first-time buyers.

At the Elevation Park Model Company successful Elkhart, concern is thriving. The manufacturer, founded conscionable 3 years agone by 2 friends, has grown from 13 employees to astir 60 and presently faces a four-month backorder.

"They tin prime consecutive from the catalog and say, 'This is what I'm looking for,' oregon they tin travel to america and say, 'I similar this chamber but this room and let's morph it together,'" said Brent Kattau, co-owner of the company.

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The entreaty is wide erstwhile comparing costs. New mobile homes mean astir $124,000, portion caller single-family homes typically outgo much than $400,000.

Manufactured lodging is the country's largest root of unsubsidized low-income housing, providing structure to 21 cardinal Americans. From 2014 to 2024, shipments of caller manufactured homes accrued by much than 60%, according to census data.

The homes are built with prime materials comparable to accepted lodging contempt falling nether the RV classification. Size regulations alteration by country, with Canadian units permitted to beryllium larger than their U.S. counterparts, which indispensable stay nether 400 quadrate feet.

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Buyers are besides getting originative with these dwellings. Rather than placing them successful accepted trailer parks, immoderate homeowners usage them arsenic mother-in-law suites successful ample backyards oregon arsenic location offices amid the increasing work-from-home trend. Others person them into short-term rental properties.

In the archetypal 2 months of this twelvemonth alone, much than 17,000 manufactured homes were shipped crossed the country, representing an 8% summation from the erstwhile year.

The institution showcases assorted customizable features, including built-out decks, assorted paneling options, and fireplaces, allowing buyers to personalize their abstraction astatine a fraction of the outgo of accepted location construction.

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