Buyers seeking affordable housing push manufactured home sales to 25-year high.ARLINGTON, Va.--(BUSINESS WIRE)--April 1, 1997--U.S. home buyers bought into manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected at a near-record pace last year. Affordability and the high quality of controlled, factory construction are the reasons. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data released today by the Manufactured Housing Institute (MHI MHI Manufactured Housing Institute MHI Montreal Heart Institute (Montreal, Quebec, Canada) MHI Median Household Income MHI Main Hawaiian Islands MHI Material Handling Institute ): -- Sales of manufactured homes reached 363,411 in 1996, the highest total since 1972. Sales were up 7.0 percent from 1995 -- and more than double the 170,000 manufactured homes sold as recently as 1991. -- Affordability is an important factor. According to W. Joseph Owens There are 2 people, both Roman Catholic priests, named Joseph Owens.
That's an average new manufactured home cost of $26.79 per sq. ft. Traditional site-built homes have an average construction cost of $56.28 per sq. ft. Even when the home buyer combines the manufactured housing purchase with land and obtains a traditional mortgage, the typical cost is only $76,000. That compares to a cost of $158,000 for a typical site-built house with land. -- Although 64 percent of the manufactured homes were purchased in the South in 1996, Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. , Indiana, Arizona and New
Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). all made the "Sweet 16" list of top-selling states.
-- Manufactured homes accounted for about 24 percent of all new single-family home starts in 1996. -- 52 percent of the manufactured homes were larger, multi-section houses that averaged 1,585 sq. ft. of living space. Single-section manufactured homes average 1,115 sq. ft. -- Home buyers demand better value in the form of higher quality construction in housing, and manufactured homes fill the need. All manufactured homes must be constructed in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with strict HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. standards, the only national building and construction code in the
housing industry. -0-
Manufactured Housing
SWEET 16
Manufactured Home Sales
(Number of homes purchased in the state)
1. Texas 39,594
2. North Carolina 32,411
3. South Carolina 22,445
4. Georgia 22,296
5. Alabama 19,869
6. Florida 17,388
7. Tennessee 15,941
8. Mississippi 13,055
9. Michigan 12,159
10. Kentucky 11,762
11. Louisiana 10,038
12. Missouri 9,485
13. Indiana 9,465
14. Arkansas 8,332
15. New Mexico 8,247
16. Arizona 8,095
Total U.S. number of manufactured homes sold (1996) 363,411
Source: Manufactured Housing Institute
CONTACT: Manufactured Housing Institute Joe Owens, 703/558-0657 |
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