Momentum Grows in Manufactured Homes to Address Affordability

Bankrate reports that manufactured housing has become a viable solution in addressing nationwide property shortages and home purchase affordability. Mortgages on manufactured homes situated on owned (rather than leased) parcels are eligible to be backed by Fannie Mae and Freddie Mac. Manufactured homes are becoming an increasingly popular option given they are built in factories in a faster timeline, and it is significantly cheaper than site-built construction. With more than 21 million Americans currently living in manufactured homes, market experts predict momentum will continue in the space.

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