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State’s Manufactured Home Sales Soar

The Northwest Housing Association has announced that manufactured homes sales in the state of Washington have increased 47 percent year-to-date in 2016.

joanbrownnorthwesthousingassocwashingtonmanufacturedhousingassoc-manufacturedhousingindustrymhlivingnewsAccording to the association, this completes a big turnaround over the last decade.  In the wake of the 2008 financial meltdown, demand dropped from 3,000 manufactured homes per year to less than 600.

550 homes have already been shipped in 2016 and plants are currently staffing up to meet stronger demand,” said Northwest Housing Association executive director Joan Brown.

Per Curbed Seattle, reasons for the renewed interest in manufactured homes is credited to the improving economy, a growing need for affordable housing, and improved financing options coming out of the recession.

exteriortodaysmanufacturedhomesstillsyoutubevideopostedtriadfinancialservices-postedmanufacturedhomelivingnews
Curb and interior appeal, energy savings and the same features you’d find in conventional construction for a fraction of the price are reasons thousands are turning to today’s manufactured homes. Still from Triad Financial Services YouTube video posted below.

Faster in Washington, But Nation-Wide Sales Growth 

Recently released statistics indicate that HUD Code manufacturers produced 7,322 homes in September 2016, a 15.7% increase over the 6,325 HUD Code homes produced during September 2015; for more details on that related story, see the report linked here.

Information from the Northwest Housing Association shows that in 2015, some counties in the state reported that manufactured housing accounted for about one-third of all the new housing permits issued in unincorporated areas, and one out of every 20 new home permits in Washington was for a manufactured home.

familyinteriortodaysmanufacturedhomesstillsyoutubevideopostedtriadfinancialservices-postedmanufacturedhomelivingnews
Still from YouTube video posted by Triad Financial Services on today’s manufactured homes, see the video below.

Fifteen Washington counties reported that 20 percent or more of new housing permits in unincorporated areas were for manufactured homes.

Eastern Washington saw the largest percentage of manufactured homes related to new single-family housing, but western Washington is seeing growth as well. According to Curbed Seattle, two percent of single family housing in King County was manufactured housing in 2015.

Pierce County had a total of four percent, Kitsap County six percent and Skagit County 23 percent.

retiredcoupleinteriortodaysmanufacturedhomesstillsyoutubevideopostedtriadfinancialservices-postedmanufacturedhomelivingnews
About half of all manufactured home owners are 50 plus, so the other half are from 18-50. Still from video posted by Triad Financial Services on YouTube, shown above.

MHLivingNews reported recently on the key to finding great value in hot housing markets, such as Washington states. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to MHLivingNews.com.

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