The Journal of the Center for Real Estate Studies, edited and published by the Richard J. Rosenthal Center for Real Estate Studies, released its Spring Edition, Vol. 6, No. 1 in May 2018.
In her article, “The Market for Manufactured Homes,” Scholastica (Gay) Cororaton, CBE, Research Economist for the National Association of REALTORS®, discusses the recent rise of mobile/manufactured homes and evaluates their role in providing affordable housing, especially for lower-income households.
Mobile/manufactured homes have been around since the 1500s, but only within the last 70 years have they truly become a staple within the American housing market. From covered wagons to aluminum trailers to contemporary, can’t-believe-it’s-manufactured homes, this constantly evolving industry offers consumers flexibility and an unparalleled opportunity for affordable living.
Cororaton’s findings combat the misconceptions that mobile/manufactured homes are not safe, durable, economical, or favorable for homebuyers. Her research also sheds light on how significantly utilized this form of housing is in the United States. Take a look at the data below to understand the substantiality of the mobile/manufactured housing market and how these homes stack up to standard site-built houses.
Read the full article (starting on page 48) to discover more about what mobile/manufactured housing has to offer.