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Posts Tagged ‘House’

Big Win for OMHA/OMHC in House, Senate Vote Next

May 4th, 2017 Comments off
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Credits: Reddit, NY Mag, MHProNews/OMHA.

In a story that the Daily Business News has followed closely, the Ohio Manufactured Housing Association (OMHA) saw the Ohio House of Representatives pass Substitute HB 49, the “State of Ohio budget bill” on May 2nd, restoring the Ohio Manufactured Homes Commission (OMHC), consistent with present law.

As we reported prior, the original proposal from Governor John Kasich’s’ office would have abolished the OMHC, and transferred its responsibility to the Ohio Department of Commerce (DOC).

At the core of the campaign against the Commission are claims from Ohio fire and environmental officials who say the board doesn’t do enough to prevent manufactured home fires and ensure clean drinking water in the MH communities.

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Credit: Media Nation.

As Daily Business News readers are already aware, we have pointed out the facts versus myths surrounding manufactured homes and fires, noting that homes built under post-1976 federal regulations have the same rates in this area as traditional homes.

The OMHC has wide ranging responsibilities as an independent agency, including all regulation of home installations & inspections, dispute resolution, sales licensing, and manufactured home community regulation.

The OMHC also conducts inspections of all new and previously owned manufactured home installations, resulting in less than 10 complaints in the last three years. By comparison, 23,000 home installations have occurred in the last decade, and prior to the Commission’s existence 500 -800 improper home installation complaints occurred annually.

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Credit: OMHA.

The OMHA, along with the Association of Manufactured Home Residents of Ohio (AMHRO), representing homeowners and residents, vigorously opposed the proposal from the Kasich Administration during recent legislative testimony before the Ohio House.

During the testimony, AMHRO President Frank Pojman said: “I urge any of your Committee to review agendas and minutes of the MH Commission meetings, to see the all-important issues that are discussed, for the benefits and safety of manufactured homeowners.”

tim williams exev vp ohio mfg homes assoc

Tim Williams, OMHA.

The House of Representatives provided for thorough discussion during legislative testimony,” said OMHA Executive Director Tim Williams.

I am pleased the House recognized the value of maintaining the independent Manufactured Homes Commission and its record of consistently operating below budget, providing 100% homeowner safety inspections and reducing both homeowner and business fees.”

The Ohio Senate will now consider Substitute HB 49. The Daily Business News will continue to follow this story closely and provide updates. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Manufactured Housing Community Helps to House Students

April 28th, 2017 Comments off
ManufacturedHousingCommunityHelpstoHouseStudentscreditTroyVillages-postedtothedailybusinessnewsmhpronewsmhlivingnews

Inside of the Troy Villages homes. Credit: Troy Village.

As the messages about the quality, affordability and efficiency of manufactured housing continues to make its way into the mainstream, more and more groups are taking a deeper look.

That also goes for colleges and universities.

According to TropNews, Troy Villages at Walnut Creek, which provides off campus housing for Troy University in Troy, Alabama, is already utilizing manufactured homes to help with the flood of students looking for housing due to Troy’s increasing enrollments.

The university has the capacity to house 2,348 students in its residence halls, including in the fraternity and sorority houses,” said Sara Jo Burks, assistant director of housing and residence life.

We have not started the wait list for returning students. We won’t start that until the first week of May.”

And Troy Villages is preparing to fill that gap.

We prepared to buy 100 mobile homes [sic] if necessary,” said Todd Swindall, co-owner of Troy Villages.

We currently have several new mobile homes [sic] but have space for at least 50 more mobile homes [sic] without issue. We are prepared to house as many students as we can. We are not limited to how many mobile homes [sic] we can put in.”

ManufacturedHousingCommunityHelpstoHouseStudentscreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Google.

Co-Owner Brad Jones agrees, and says the plan is to continue to grow the community as more students become interested.

We just wanted to do so much more,” said Jones. “We saw this as an opportunity to work with the university to help students.”

Swindall says that all of the homes are being bought new and are fully furnished.

Monthly rates for the homes range from $325 per month for shared rooms, to $500 for single rooms. All rents include water, power, sewage, internet, cable, garbage pickup and lawn care, in addition to a CrossFit Gym and a soccer field.

 

The Solution, Hiding in Plain Sight

solutionusaffordablehousingcrisishidingplainsight-mhlivingnews-billmatchneertonykovach-posteddailybusinessnewsmhpronews

Credit: MHLivingNews.

The Daily Business NewsMHProNews and MHLivingNews have covered the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

The ability to significantly cut down on production time, provide a high quality product to federal standards, all at a lower price point serves as the ideal solution to inventory and housing challenges. The titans of business recognize the opportunity as well, as giants and independents alike are actually “doubling down” on the industry.

ELS Chairman Sam Zell has been famously quoted as correcting misconceptions about the industry, saying during this interview, “Everyone calls them trailer parks. Pencil head, it’s not a trailer park.

For more on manufactured housing being the solution that’s hiding in plain sight, see MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach’s insight into the opportunity linked here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

The Prefab House That Sears Built?

March 16th, 2017 Comments off
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A Sears home in Illinois. Credit: Sears.

An upcoming presentation in Sandyston, New Jersey, takes a fun and interesting look at the impact that Sears Roebuck had on prefabricated or “kit-homes” as they were called at the time.

The popular homes also, in part, inspired the Chevy Chase neighborhood just outside of Washington, D.C.

The houses that Sears built — or did they?” takes place on March 19th, and is presented by Jeff Walter, an avid genealogist and local historian. His interest in prefab homes stretches back to childhood memories of his grandparent’s lakefront property.

When his grandparents purchased the lakefront home in 1961, for $8,500, the seller informed them that the 1928 home came from Sears Roebuck.

It was obvious that everything inside was purchased by a Sears’ enthusiast. The vintage appliances in the kitchen came from Sears, the furnace came from Sears, and everything down to the doorbell came from Sears,” said Walter.

If Sears didn’t sell it my father didn’t own it. The car battery was a Sears Diehard but, unfortunately, the car was a Rambler. It there ever was a Sears Tourister Automobile my father would have owned one.

ThePrefabHouseThatSearsBuiltcreditNJHerald3-postedtothedailybusinessnewsmhpronewsmhlivingnews

Walter’s grandparent’s home as it was originally designed. Credit: NJ Herald.

Over time, Walter’s curiosity continued to spark.

As a genealogist, I decided to apply the same principle to researching our home as I did tracing my family’s roots. I visited the old Hall of Records in Newton and met the then-County Clerk, Honey Ackerman,” said Walter.

She proceeded to show me how to do a deed search. We started with my parents’ deed from my uncle and then back to the Bauman family. The earlier grantor was a person named Frederick W. Steadman. By coincidence, two weeks later my mother decided to remodel the kitchen. Upon pulling the wide craftsman molding from around the door, there was a discovery. Stenciled on the back of the wood was the name Frederick W. Steadman, Montclair, N.J. Branchville, N.J. Now I knew that not only did I live in Frederick Steadman’s home, but I was also sleeping in his bed. The 1946 deed stated that all furnishing in the home were to remain.

ThePrefabHouseThatSearsBuiltcreditSearsModernHomes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Sears.

After this experience, Walter started to spend hours in libraries researching, and photographing different homes looking for answers, but eventually moved on.

Walter returned to the area 15 years later when his father passed away in 2008, to care for his mother. He found that the family home was suffering from years of neglect, and he instructed the contractor to take the house apart.

That’s when the true identity of their home was discovered.

When the old window casings were taken out, the bottom was marked: ‘Summer Cottage 305.’ Next the wall came out and the interior of the siding was marked ‘Gordon-Van Tine Co., Davenport, Iowa,” said Walter.

That’s how we learned that our lake front cottage was not a Sears. A catalogue of Gordon-Van-Tine homes in the 1920s revealed a summer home number 305 that showed an exact floor plan of our home.

ThePrefabHouseThatSearsBuiltcreditNJHerald2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Walter, with his mother, outside of the remodeled home. Credit: NJ Herald.

Walter kept digging, and his research revealed that this company was one of the first to sell pre-cut or kit homes. Their roots go back to about 1865 in Davenport, Iowa. By 1923, they offered 150 different homes, and stayed in business until 1940.

When he looked into Sears Roebuck further, Walter discovered that they started selling building supplies in 1895 and, after 1900, they began selling house designs. The first Sears Modern Homes catalog appeared in 1908, offering all the parts needed to build a house.

Then, from 1916-1933, Sears offered completely prefabricated homes throughout the country. From 1911-1933, they offered mortgage loans, while from 1929-1934, Sears offered actual house construction by contracting with local carpenters,” said Walter.

Over the years, Sears sold an estimated 100,000 prefabricated homes. Unfortunately, all good things must come to an end and the 1929 ‘crash’ that led to the Depression, and the unpaid home mortgages led to the end of the Sears Roebuck’s prefabricated homes.

Walter says that of all the “kit homes” in existence, the Sears Roebuck ones are the hardest to identify. In addition to houses, their catalogues offered garages, barns, schools, churches and even outhouses.

When providing more details on the effects of the stock market crash on the industry, Walter shows the domino effect.

The stock market crash on Oct. 29, 1929, brought on the Great Depression and the beginning of the end of the Kit-Home era. Montgomery Ward closed its housing division in 1931. In the spring of 1933, Sears Roebuck closed its Modern Homes Division, after suffering a loss of more than $8 million in uncollectible mortgages,” said Walter.

They reopened that autumn with fewer designs and no mortgage financing. Their sales never rebounded and they closed permanently in 1940.” ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

MH Dealer Bill Passes House – What Does it Mean?

March 2nd, 2017 Comments off
MHDealerBillPassesHouseWhatDoesitMeancreditShutterstock-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Indiana State Capitol building. Credit: Shutterstock.

In the great state of Indiana, a bill recently passed in the state house regarding manufactured housing dealerships that has a rather interesting twist.

House Bill 1119 was passed 94-0, and it places Manufactured Housing Dealers back into Indiana law.

According to the Indiana Manufactured Housing Association (IMHA), State Representatives Doug Miller (R-Elkhart) and Wes Culver (R-Goshen) co-authored the bill that moves dealers from their “voluntary status” to one that is recognized in Indiana statute under the Indiana Secretary of State Dealer Services Division.

Previously, manufactured home dealers were considered in statute, when the dealer services division was under the control of Bureau of Motor Vehicles (BMV).

When the division was moved to the Secretary of State, dealers still existed but dealer licenses were only voluntary.

The IMHA says that the bill became necessary because the industry has drastically changed the way that it sells homes, and manufacturers are now requiring those who sell their homes to be licensed dealers.

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Credit: Manufactured Homes Directory.

In the past, manufactured homes were sold by dealerships with large inventories like an auto dealer, but now the vast majority of homes are sold in communities rather than from a dealer lot.

MHProNews has observed that nationally, the majority of manufactured homes are still sold by retailers, although the percentage going into communities has been rising for several years, often as rental units for larger MHC portfolio owners.

But in Indiana, the number of independent retailers plummeted after the 2008 crisis. For more insight, we reached out to IMHA Executive Director Ronald L. Breymier.

This legislation will only apply to Indiana, and yes, Indiana has very few traditional MH retailers left. The majority of MHs sold in Indiana are sold through manufactured housing communities,” said Breymier.

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Photo credit: TheLegisGroup.com

As mentioned in the article, this changed sales environment requires state administrative adjustment to reflect the physical location of the ‘dealership’ selling from communities.

Those few that still operate as traditional dealers will still be operating in that fashion, but there will likely be different rules and regulations and requirements adopted to distinguish ‘in community sales centers’ from traditional MH dealerships. This is an initiative pushed and supported by our association.

Due to the evolution in business practice, Indiana Secretary of State Connie Lawson began working with the IMHA to prepare a rule that would reflect changes of this type.

The challenge that prompted the bill, however, was when the Office of Management and Budget (OMB) told the Secretary of State that dealers must be in statute before they can approve the rule. Therefore, IMHA had HB 1119 introduced to rectify the situation.

With the recent vote, the bill now moves on to the Senate Committee on Commerce for a hearing on March 9th.

Once the bill is approved, the Secretary of State will pursue administrative rule changes to modify the business requirements for manufactured homes sold by dealers located in manufactured housing communities. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

A Different Kind of Prefab Dome

February 24th, 2017 1 comment
ADifferentKindofPrefabDomecreditNTDTV-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NTD TV.

In Japan, the “styrofoam dome” prefab home is all the rage.

The Japan Dome House Co, Ltd has come up with the design, which delivers a certain level of chic, and takes up less space than conventional home.

Then, there’s the price – the homes start at $30,000.

There are over 400 of the homes in the resort village in Kyushu, Japan, and they weigh in at less than 200 pounds. Seven-inch thick walls are designed to provide thermal insulation and are coated with fire retardant, so the house is fireproof. The homes don’t rot or attract termites, are earthquake proof, and gale resistant.

Katsuyuki Kitagawa, owner of the Japan Dome House Co, has been building the homes for the last decade, and believes that their use even stretches beyond just residences.

I’d like to change the way of farming,” said Kitagawa, citing that he believes all of the advantages over conventional homes is ideal.

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Katsuyuki Kitagawa. Credit: The Japan Times.

I thought I’d be happy if I could scoop out the bean paste from a manju dumpling and live there,” said Kitagawa, when speaking about one of the products he sold before establishing the modular home manufacturer.

According to The Japan Times, Japan Dome House Co began developing the homes for agricultural purposes in 2015. The stable structure of the dome can be assembled in several days, and it uses about one-tenth the energy of a wooden structure.

More than 450 domed houses in Aso were spared damage when a major earthquake hit Kumamoto and its vicinity last April, and the village was later used as an evacuation site for nearly 700 people.

I want people around the world to be healthy and not go hungry. This is farming that will not be influenced by the weather or disasters,” said Kitagawa.

For more on unique prefab designs, including Robbie Antonio’s Revolution Precrafted Homes, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Landmarkers send Aluminaire House Packing from NY to CA

February 14th, 2017 Comments off
LandmarkerssendAluminaireHousePackingtoPalmSpringscreditCurbed-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Aluminaire. Credit: Curbed.

After a strange four-year saga, a very unique prefab is finally getting a “home”.

According to Curbed, Aluminaire House, the 1931 modernist home designed by Albert Frey and A. Lawrence Kocher, was the subject of a heated fight between Queens, New York preservationists and two architects several years ago. During that fight, the home had been sitting in a storage facility on Long Island, as it waited to see if a place would be found for it in Queens.

While Queens didn’t work out, Palm Springs, California did.

And now the Aluminaire is on its way out west, where it will eventually be assembled on a site close to the Palm Springs Art Museum. And the story of how the trip, and the new home came about has its own twists.

Architects Michael Schwarting and Frances Campani, had a vision for a low-rise development in Sunnyside that would have included the Aluminaire as its centerpiece.

We thought it was a no-brainer,” said Schwarting. “We thought it was absolutely the right place.

LandmarkerssendAluminaireHousePackingtoPalmSpringscreditPalmSpringsLife-postedtothedailybusinessnewsmhpronewsmhlivingnews

Michael Schwarting and Frances Campani. Credit: Palm Springs Life.

The proposed site for the Aluminaire was a former playground within the Sunnyside Gardens Historic District, which meant that the architects would need to secure Landmarks Preservation Commission (LPC) approval before it could be put in place.

This did not go as planned, as more than 50 people testified at a hearing about the matter, and many of them vehemently opposed its placement in Queens.

This silver, modern, spaceship-looking edifice was going to be plopped down in the middle of our community,” said City Council member Jimmy Van Bramer.

Whether you like it aesthetically or not, it just didn’t belong there.

Schwarting and Campani said that the reason they selected Sunnyside was specifically because of its layout and its low-slung feel.

We wanted a site within a low-rise, high-density New York neighborhood to showcase the building as it was originally intended, ‘an easily constructed, low cost, modern urban house prototype,’” said the duo.

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Palm Springs Mayor Robert Moon. Official Photo.

Both the Aluminaire and Sunnyside Gardens were included in a 1932 exhibit at the Museum of Modern Art that showcased innovation in modern, affordable housing.

Once the LPC ruled against placing the Aluminaire in Queens, the city of Palm Springs stepped in. Mayor Robert Moon led a campaign to raise $600,000 to transport and rebuild the home in the city.

While about a quarter of the money has been raised, it was enough to get the Aluminaire on the road, and preservationists in Palm Springs are optimistic that they can restore the home to its former glory.

New York’s loss is our gain. Now it’s being appreciated.” ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Gas Furnaces in some New Mexico MH Pose Risk

July 14th, 2016 Comments off

new_mexico_manufactured home riograndesun__jeff_tucker__credit postedDailyBusinessNewsMHProNews has learned from cnjonline that residents in eastern New Mexico are being warned about improperly installed gas furnaces in manufactured homes that can emit carbon monoxide and possibly lead to an explosion. The Construction Industries and Manufactured Housing Division (CID/MHD) of the Regulation and Licensing Department of New Mexico said some are recent installs of Goodman furnaces, but some faulty ones go back to 2007.

Fifteen Goodman brand furnaces were discovered by the Liquid Petroleum Gas Bureau that were installed incorrectly and were using improper materials. The Bureau learned of over a dozen other furnaces that were posing life safety risks.

New Mexico Regulation and Licensing Department Superintendent Mike Unthank said, “I strongly urge everyone in the affected area, who has recently had a Goodman furnace installed, to please call us. It is of the utmost importance that furnaces be properly installed and inspected; call us and we will ensure that your furnace is safe to use.”

The furnaces in question were placed from 2007 to 2015, and have been found in and around the towns of Tucumcari, House, Logan, Nara Visa and San Jon. ##

(Photo credit: riograndesun/Jeff Tucker-manufactured home in New Mexico)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Modular Home Development has Begun in the UK

January 5th, 2016 Comments off

uk__placenorthwest_co_uk__43_modular_unitsThe Greater Manchester Property Value Fund (GMPVF), part of the Greater Manchester Pension Fund, has agreed to underwrite the development of 43 modular homes, in an agreement with Urban Splash, at New Islington, Manchester, in the UK.

Nathan Cornish, director of Urban Splash, said: “The deal is a huge endorsement of our hoUSe concept which is now on site at New Islington. hoUSe is a modular housing scheme that we aim to roll out across the UK as one of the answers to the well-documented housing shortage that our industry needs to tackle.”

Designed by architect shemkd, the amount of backing by GMPVF has not been disclosed, but Splash has a revolving credit, so as each development is completed, they can draw more funding. At New Islington all the modular units have been claimed, reports placenorthwest.co.uk to MHProNews.

Splash has already been responsible for hundreds of homes, as well as a med center, school, park and marina. Two other developments for hoUSe are currently unfolding for 2016 in the Manchester area. ##

(Image credit:placenorthwest.co.uk/Urban Splash)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Teens plan saving for a new home instead of buying video games, a New Study says it’s true!

October 30th, 2014 Comments off

teens-inman-shutterstock=credit-posted-daily-business-news-mhpronews-com-The 13- to 17-year-olds of “Generation Z” believe homeownership is more important than graduating from college, getting married or having children. Inman reports to MHProNews that teens in the survey indicated that they’d give up perks like video games, eating out, social media or music downloads if it meant affording any house they wanted. That’s per results to an online survey of 1,000 teens conducted between July 18 and July 29, commissioned by Better Homes and Gardens Real Estate.

We have a clear view of tomorrow through our millennial consumer research — now it’s time to look at the day after tomorrow,” said Sherry Chris, president and CEO of Better Homes and Gardens Real Estate.

The study suggests good news for home builders, but not so good news for realtors.

97 percent of respondents expect to own a home in their lifetime. Only 41 percent expect they’ll find their future home with the help of a real estate agent, which if true, is a clear departure from the 89% of home shoppers today who say that using an agent yielded helpful information in home buying. 19 percent said they are likely to purchase a home online. No surprise that while some realtors found the study interesting, they’re not buying the results.

Here are survey results from the NAR research study:

In the future, which of the following steps of the home buying process, if any, are you likely to do online?

Response Percent of respondents
View home listings 85%
Take a virtual tour 71%
Video chat with real estate agents 29%
Sign paperwork 19%
Purchase the home 19%
None of these 5%

Source: Wakefield Research 

On-line comments to The Better Homes and Garden Real Estate study was primarily from real estate agents stressing the importance of the service of a Professional Realtor. An Atlanta realtor responded on-line with this reaction.

Oh how I try not to be cynical….but this business makes it so very hard. Surveys of 13-17 year olds? Really? Are we at that point now? I have one of those and one just past that, ask them the same “survey” every day for a week and you’ll get seven different results.”

Does this study suggest opportunities for manufactured housing?

The opportunity to forge a new image with the younger generation can’t be missed,”  said L. A. Tony Kovach, managing member of LifeStyleFactory Homes, LLC, parent company to MHProNews  and MHLivingNews.com. “They are ready to be different. We offer a home that is similar – yet different! – with manufactured and modular homes.” ##

(Photo credit: Shutterstock/Inman)

michael-francis-daily-business-news-mhpronews-com-(Submitted by Michael Francis to Daily Business News – MHProNews.)

 

CNBC says 5 to 6 Million Renting Should Own – Affordability = Credit Access, Rates & Price

August 27th, 2014 Comments off

credit-comstock-getty-cnbc-posted-daily-business-news-Tim Rood with the Collingwood Group was part of a CNBC discussion that pointed to factors that manufactured home professionals relate to: the many – and often competing – dynamics that cause someone to buy a home or stay in a rental. Elements such as price and interest rates, CNBC’s Diana Olick  tells MHProNews,  along with knowledge of options, down payments and access to credit all impact prospective home buyers.

Olick says, “There has long been a saying in the real estate market that potential homebuyers don’t buy according to the home price or the mortgage rate. Instead, “they buy the monthly payment.” The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically.”

Olick described factors in the last boom and bust: “For example, home prices were able to soar uncontrollably during the last housing boom only because risky mortgage products at the time made monthly payments minuscule and down payments often nonexistent.”

MH professionals know that well intended, ‘corrective’ regulatory hurdles imposed by the Consumer Financial Protection Bureau (CFPB) and/or states have in many cases harmed sales that would have taken place otherwise.  

For example, when a community operator or private money investor is willing to lend at a rate that still yields an affordable payment, but fails to fit the peghole regulators established, would-be sales are lost. This in turn keeps factories from building homes that would otherwise have been ordered by MH retailers, developers and communities to fill demand.

If Rood is correct, 5 to 6 million potential home sales represent a huge economic stimulus that would create millions of jobs. As demand on rentals would ease, monthly rates could be mitigated and housing affordability for millions more would improve.

Manufactured housing professionals can point to facts found in the recent GAO study which cites the lower monthly payment MH enjoys, combine it with stories of affordable quality living, to tap into more sales, to sway more opinion leaders and public officials.

“It never ceases to amaze me how hung up mortgage borrowers can be on rate,” said Matthew Graham of Mortgage News Daily. “In fact, a lot of times we have to remind them that the .125 percent difference in rate only amounts to X dollars and they’re surprised.” ##

(Image credit: Comstock/Getty/CNBC)

(Editor’s Note: A chart by FannieMae, published in this article here, underscores the relationship of price, rate and affordability for manufactured housing.)