Robert Liparulo is a novelist and former journalist who lives with his family in Colorado.
Manufactured Homes Bring Double-Digit Profits
June 1, 1998
One indicator of how popular manufactured homes have become is the number of major traditional homebuilders starting to build them. Pulte, Centex, and Zaring Homes have all taken the plunge.
In 1996, 360,000 manufactured homes were sold, up from 171,000 in 1991.
Fueling this boom, besides the traditional-home designs of new manufactured houses and the fact that they cost tens of thousands of dollars less than traditional homes, are studies such as one by East Carolina University, Greenville, N.C., showing that manufactured homes with fixed foundations appreciate at rates similar to those for traditional residences.
Real estate professionals wanting in on the action should learn the lingo and options of manufactured housing, says Bruce Savage, director of public affairs for the Manufactured Housing Institute, Arlington, Va., the trade association for manufactured-home builders and others involved in the industry. “Most builders and site developers would be happy to show practitioners the ropes.”
Buyers can get a 20-page booklet on assessing and buying manufactured housing by sending a request and $2 to the Consumers Union, Box EMD, 101 Truman Ave., Yonkers NY 10703.
To find companies involved in manufactured housing in your area, contact the Manufactured Housing Institute at 800/505-5500.
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