Here is another post that will make you look twice; A new report from the Urban Institute says that manufactured homes appreciate as well as site-built homes. They cite data from the Federal Housing Finance Agency (FHFA) MH Index showing that manufactured housing is 35-47% cheaper per square foot than site-built housing and that prices of the MH purchased by their GSEs perform similarly to those of site-built properties.
“The FHFA’s new MH index, still in the experimental stage, indicates that the prices of the MH purchased by the GSEs perform similarly to those of site-built properties…the index suggests a need to reevaluate the presumption that manufactured homes do not appreciate at the same rate as site-built homes.”
Click here to read the full report on Urban.org.
