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The California Department of Housing and Community Development (HCD) is a department within the California Business, Consumer Services and Housing Agency that develops housing policy and building codes (i.e. the California Building Standards Code), regulates manufactured homes and mobile home parks, and administers housing finance, economic development and community development programs.
In 1998, it sold 9,430 houses in 252 communities in 18 states, at an average price of $182,000. That year it acquired Regency Communities of Tampa and exited the markets of Portland, Oregon, Salt Lake City, and the Delaware Valley. [5] In July 2012, the company acquired the Charlotte and Raleigh operations and assets of Timberstone Homes. [6]
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect."
"Terrapin" like Portakabin, is a portable building manufacturer, although the term "terrapin building" is often used to describe any modular or prefabricated building. [9] The use of “terrapin” dates back further than “Portakabin or “Portacabin” as the company has been trading for over 60 years.
In 2017, the median price of a home in California was more than 2.5 times the median in the U.S. as a whole, and in California's coastal urban areas, the shortage was greater than the inland areas, as demonstrated by the median prices of homes in those respective markets: $1.3M in San Francisco, $1M in San Jose, and $600k in Los Angeles, while ...
In 2015 Legal & General launched a modular homes operation, L&G Modular Homes, opening a 550,000 sq ft factory in Sherburn-in-Elmet, near Selby in Yorkshire. [14] The company incurred large losses as it invested in its factory before earning any revenues; by 2019, it had lost over £100m. [15]
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