US News and World Report on Buying Manufactured Homes

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Rick Robinson

January 27, 2021
State of the Industry

US News and World Report recently published an article regarding the cost of purchasing a manufactured home.

The U.S. Census Bureau reports the average sale price of a new manufactured home was $88,200 in August 2020, the most recent average price available.

Compared to a traditional house built on a foundation, a manufactured home is typically more affordable. The Federal Reserve Bank of St. Louis reports the median sale price of a new house sold in August 2020 was $325,500, and prices continue to climb – in November 2020 the median sale price nationwide was $335,300.

Note that the article contains information regarding depreciation and financing which ManufacturedHomes.com believes is inaccurate, it otherwise shows the industry in a positive light.

Click here to read the entire article

About Rick Robinson

Well-known industry professional Rick Robinson has joined ManufacturedHomes.com to become its Executive Vice President of Industry Relations. In that role, the former General Counsel/Senior Vice President of State and Local Affairs for the Manufactured Housing Institute (MHI) will be working to bring a new level of consumer technology to those buying homes and residing in communities.