Some modular home companies secure government contracts for affordable housing projects. Manufactured homes are increasingly seen as a solution to the affordable housing crisis in cities like Arkansas.
They’re eligible for traditional mortgages, making financing easier compared to manufactured homes in Arkansas. Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities. Since modular homes are built concurrently with site preparation, build times are much shorter. Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities. Some investors buy mobile homes in parks as a source of rental income due to low initial costs.
Modular businesses are gaining market share in areas with high housing demand. Since the majority of labor occurs in a factory, modular home businesses save significantly on labor. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers.
Mobile homes are particularly popular in rural or lower-cost housing markets. A large percentage of affordable housing in the U.S. consists of mobile and manufactured homes.
Modular home companies often have in-house logistics teams to coordinate transport and installation in Arkansas. Moving a mobile home can be expensive, and it requires permits and specialized transport companies. HUD has specific standards based on region, including "Wind Zone" ratings to ensure durability in different climates.
Manufactured homes on land are appraised similarly to site-built homes, factoring in both land and structure. Some modular homes are designed to allow future upgrades easily. Mobile homes are particularly popular in rural or lower-cost housing markets. Manufactured homes offer an affordable entry point for first-time homeowners.