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USA Snapshot, the Need for Affordable Housing, by the Numbers

July 3rd, 2017

SearchForAffordableHomesManufacturedHomeIndustryStatsDataResearchReportsDailyBusinessNewsMHProNewsWith 1 out of 9 Americans moving every year in search of housing, that represents well over ten million potential opportunities for housing professionals annually.

The U.S. Census Bureau says that in 2016, there were 324,118,787 Americans.  With 2.64 people per household, that yields some 122,772,267.

So, when one out of nine move every year, that means there were 13,641,363 theoretical opportunities for a manufactured home professional to serve some person, couple or household.

While they may not all qualify, as credit scores and incomes are rising again, millions could.

With the Census reporting Median Gross Rent, 2011-2015 at $928 and there was 1.2 million building permits in 2016, how is it possible than manufactured housing – in the affordable housing crisis era – only produced some 81,100 new manufactured home units that same year?

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Image credits, OMHA, provided under fair use guidelines.

Frank Rolfe noted earlier this year that “Probably the greatest enemy to the growth of the… industry into a mainstream form of real estate investment is … our industry itself.”

SearchForAffordableHomesManufacturedHomeIndustryStatsDataResearchReportsDailyBusinessNewsMHProNews

In a new, in depth report that includes key facts provided by MLO Bob Crawford of award winning, A+ BBB rated Dick Moore Housing reveals how flawed and contradictory messaging ‘by the industry’ from a specific source could be contributing to the problem.

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Bob Crawford, left, Frank Rolfe, right. Still credit, Inside MH video, by MHProNews.com.

That report, which is packed with facts and figures useful to attracting and selling prospective manufactured home buyers, Correcting the Record on Housing Affordability, linked here.  ## (News, with Report Announcement.)

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.


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