How Could Manufactured Housing Reshape the Post Pandemic Housing Market in 2021 and Beyond?

How Could Manufactured Housing Reshape the Post Pandemic Housing Market in 2021 and Beyond?

Manufactured homes have become a cause of revolution in the housing market in Alabama and around the country. Homebuyers are transitioning from purchasing traditional houses to buying manufactured houses. Their dream of homeownership is being given wings in the factories.  

But will things stay the same way in the post-pandemic world? 

Will manufactured homes still be the most affordable way to chasing and achieving the American dream of homeownership?

Continue reading to find out...

Why Have Manufactured Homes Remained the No. 1 Choice of Americans?

The purchase of manufactured homes has been on the rise in central Alabama and the surrounding area. And the reasons are much more than only cost-effectiveness. Manufactured homes go through countless quality checks by the HUD inspectors. There is a set standard that these houses have to meet. This is what makes them safer and more livable.  

Furthermore, there are many options available to place the manufactured homes. Several dedicated communities offer a space for a manufactured home to be located. There is even an option for sharing amenities in these communities.  

And, of course, these houses are much more affordable than those built on-site. All this makes manufactured homes the primary preference of many potential homeowners. 

How Did the Global Pandemic Impact the Manufactured Housing Industry?

As the real estate industry was reaching the zeniths of success, the COVID-19 pandemic hit the planet. From production to delivery, there was a change in every aspect of the industry. The production rate was sluggish as companies found it difficult to find employees. Everybody stayed indoors, and the factories shut down.

Because of production delays, the shipment was delayed as well. While the pre-pandemic delivery date was 6 to 8 weeks, it extended to 6 to 8 months due to the pandemic! 

What Does the Post-pandemic Manufactured Housing Industry Look Like?

Like all other industries, COVID-19 hit the manufactured housing industry as well. But surprisingly, the demand for manufactured homes never decreased. Though home buyers were aware that they would not get their dream home anytime soon, they were adamant about shifting to a factory-built house only. 

What does this mean for the entire housing industry?

One thing is clear: people are embracing the manufactured-home lifestyle. And post-pandemic, new buyers in the market will still prefer to buy and own a manufactured home. 

This is because the prices of traditional homes have soared. There has been an increase of 14.1% in the prices of the site-built houses. The cost does shatter the middle-class’ dream of homeownership. But, thankfully, the manufactured homes have come to the rescue, and even people with meager income can dream of homeownership. 

Besides, modern manufactured homes are equipped with all the facilities that people need. They are outfitted with both the necessary as well as luxurious features. Thus, people do not feel the need to buy a stick-built house when manufactured homes are equally well-equipped and affordable. 

Are you ready to join this revolution towards manufactured homes? If you live anywhere in or near Montgomery, call us at (334) 283-1017 or fill out an online form to book your dream house today!