Some businesses offer land and development services, bundling land purchase with modular construction. Eco-friendly manufactured homes with sustainable materials are growing in popularity.
Mobile homes are more susceptible to damage from tornadoes and hurricanes compared to traditional homes. Placing a manufactured home requires site preparation, including utility hookups and foundation work.
Since the majority of labor occurs in a factory, modular home businesses in New Hampshire save significantly on labor. They’re often built to the HUD (U.S. Department of Housing and Urban Development) code, which includes standards for safety, energy efficiency, and construction. Older mobile homes may not meet modern building codes, which could limit where they can be placed. Factories provide stable jobs for communities, benefiting local economies.
FHA and USDA loans may allow for low down payments, making these homes accessible for more buyers. Mobile homes are particularly popular in rural or lower-cost housing markets.
Some businesses offer land and development services, bundling land purchase with modular construction. Many residents own their mobile homes but rent the lot in a park, which can impact security and cost.
Modular home businesses are expanding globally, especially in densely populated and high-demand areas. Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. Most lenders treat modular homes like site-built homes, enabling standard mortgage terms.