Manufactured Home News: MH Hall of Fame Inductions / Research Shows Positive Consumer Perceptions / 2,400 MHS’ Destined for New Subdivision
Six MH Leaders Recognized at RV/MH Hall of Fame Induction Ceremony
The manufactured housing (MH) and RV industry recently gathered at RV/MH Heritage Foundation’s 50th Anniversary Induction Ceremony in Elkhart, IN. Five MH industry legends were inducted into the HALL OF FAME Class of 2022.
- David Carter, Sr — Dave Carter & Associates, Supplier
- Reylen Gritton — Homes Direct, Retailer
- Harry Karsten — Karsten Homes, Manufacturer
- Eugene Landy — UMH Properties, Inc. Community
- Tim Williams — 21st Mortgage Corporation, Lender
Kevin Clayton, Clayton Homes, received the Darryl Searer Spirit Award for his support of the RVMH Heritage Foundation.
The event also included the ribbon cutting for the new Scoular MH Museum, a 2100-square-foot museum dedicated to the manufactured housing industry.
(Source: Manufactured Housing Institute)
New Research Shows Positive Consumer Perceptions of Manufacture Housing
Freddie Mac recently released an online report titled “Manufactured Housing 2022: An Untapped Affordable Housing Solution” that examined consumer attitudes toward manufactured housing. The findings of this report spoke to shifting perceptions about manufactured housing, with 77% of consumers expressing positive sentiments about manufactured homes. Further, 72% of surveyed consumers said that manufactured housing was “a great option” for first-time homebuyers. Two-thirds (66%) of consumers also believe that manufactured homes are “affordable without compromising quality.”
These findings demonstrate how perceptions of manufactured housing have been shifting and becoming more favorable among younger consumers. Nevertheless, the report found that some misconceptions remain, particularly regarding financing, the availability of manufactured homes around the country, and whether these homes can be attached to permanent foundations, suggesting there are still opportunities for educating consumers. Read the full report here.
(Source: Manufactured Housing Institute)
Subdivision Near Denver, Col. Will Include 2,400 New Manufactured Homes
Source: (MileMile High CRE) – Piper Sandler Special District Group, a specialty financing group with more than 30 years of niche experience that are working in Colorado helping special districts fund public infrastructure for new construction and development, has announced the company secured $57 million in tax-exempt bonds for the Pioneer Community Authority Board to finance the raw water and wastewater gathering and treatment infrastructure for the initial build-out of the upcoming Fruition Colorado subdivision in Keenesburg, Colo, The issuance will help fund the initial infrastructure required to begin development for this new 3,400-unit master-planned community located 40 miles northeast of the Denver metro area.
Located on 3,500 acres in Weld County – the largest energy-producing area in Colorado and home to the state’s fastest-growing communities – Fruition Colorado will offer 3,400 homes that will be comprised of approximately 1,000 traditional single-family homes as well as approximately 2,400 modern manufactured homes, providing much-needed attainable housing for the area. Pricing is anticipated to start at $350K – significantly below the median home price in Colorado of $594,500.
Construction is expected to start by the end of 2022, with the first phase of homes to deliver in 2023.
