Manufactured Housing
Did You Know?
A manufactured home is built in a factory, according to the Manufactured Home Construction and Safety Standards of June 1976 (commonly known as the HUD Code) and secured on a permanent, nonremovable steel frame or chassis. The home can be built as one complete section, or in multiple sections, and transported, assembled and installed at the home site. Manufactured homes are 48% less per square foot than site-build homes (on average, $87 vs $166).
Expanding Homeownership
More than 22 million families are homeowners because of manufactured housing. It just might be the critical source of affordable housing the industry needs. We’re providing innovative and flexible financing solutions to support this market.
Additional Information
- About two-thirds of manufactured homes are on privately owned land, one-third in manufactured housing communities.
- The mean price of the newly accepted single-section home is around $200,000 including land in most markets, while the traditional single-family site-built home can, on average, exceed $500,000.