Manufactured Home Sales Continue to Increase

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Manufactured Home Sales Continue to Increase

Posted by Tim on April 18, 2024
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While the housing market continues to be tight, with little inventory and high prices, homebuyers are more frequently purchasing brand-new manufactured homes at a fraction of the cost of traditional site-built homes.

According to MHI (Manufactured Housing Institute), shipments of new manufactured homes across the country were up 27% in February 2024 compared to February 2023. At HomeQuest alone, sales are up and we anticipate seeing a 40% increase in sales for this year over 2023. This represents a customer base in the western region of the U.S., and mostly in California, where real estate prices are notoriously high.

“Our manufactured home sales in California have continued to be strong,” said Shane Joffe, partner and sales and marketing manager of HomeQuest. “Inventory of homes has remained low while prices are still increasing, and mortgage rates remain high. All these factors make manufactured housing an attractive housing option.”

Families or any first-time homebuyer can enjoy new manufactured homes with as many as three or four bedrooms, and desirable features such as island kitchens with quartz countertops and farmhouse sinks, designer lighting, freestanding bathtubs, upgraded flooring, an abundance of windows for natural light, and more. Many homes even offer exterior façade customization such as stacked stone, board, and batten, and other options such as wrap-around porches and attached garages.

In addition, today’s manufactured homes are environmentally friendly and energy efficient. The homes are built inside temperature and humidity-controlled facilities instead of outside in the elements, so they require less protection and water, and produce less construction waste while they’re being built. Manufactured homes also feature insulation, energy-efficient dual-paned windows, Energy Star-certified appliances, solar options, and more, so homeowners know the home was built to HUD code at every step of construction. Because of these features, homeowners can enjoy lower-than-average utility bills.

All of this comes at a fraction of the cost of a traditional site-built home, with very little maintenance compared to a tract home with large front and back yards. If you’d like more information on purchasing a manufactured home, please contact us here at HomeQuest or browse our website which offers nearly 100 floorplans from eight of the leading manufacturers in the Western U.S., making home selection easier and better than ever.

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