“When factoring in the median value of a finished lot, the cost of manufactured housing relative to site-built falls to 54% for single-section homes, 70% for double-section, and 80% for CrossMods. As such, we suggest that manufactured housing may be most attractive in markets with lower land costs, but still offers savings regardless of land cost,” said Chadwick Reed of the Joint Center for Housing Studies at Harvard University.
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The Week Ahead: How Will the Housing Market Exit 2021?
HUD and the Census Bureau are set to release their new residential construction data, a gauge of how the market will close out Q4 as the supply/demand struggle continues.
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