Manufactured Housing to Lead US Housing Comeback
Thursday, September 1st, 2011That according to a recent article in Forbes Magazine. Reasons include better construction methods, efficiency of factory building, lower prices and better financing options.
You can’t forget to mention Warren Buffet as one reason our industry will rebound more quickly than our site built counterparts. Buffett’s Berkshire Hathaway has been heavily investing in the manufactured housing industry since it acquired Clayton Homes in 2003 for $1.7 billion.
New FHA lending guidelines will also help fuel the comeback. Tome Beers, chief economist for the Manufactured Housing Institute expects to see larger increases in the percentage of manufactured housing starts in 2008 and beyond.
Obviously, here at Red Oak, Southpoint Village and Park Hills Crossing, we are excited when we read reports like this. We have been experiencing a great existing home sales market in 2008, new home sales have fallen off considerably, especially in our higher end community, Park Hills Crossing.
I would encourage anyone age 55 or over that is looking for an affordable and sensible lifestyle to give us a call and look at our current listings. We are encouraging offers below listed price on our new homes in Park Hills Crossing. This is a great time to purchase a new manufactured home in a nationally recognized community at low prices.
Call 937-879-0032 to schedule a tour of homes for sale and our communities!
Read the entire article in Forbes Magazine Online by clicking this Link.