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Manufactured housing (commonly known as mobile homes in the United States) is a type of prefabricated housing that is largely assembled in factories and then transported to sites of use.
Mobile homes are often sited in land lease communities known as trailer parks (also 'trailer courts', 'mobile home parks', 'mobile home communities', 'manufactured home communities', 'factory-built home communities' etc.); these communities allow homeowners to rent space on which to place a home. In addition to providing space, the site often ...
The Act mandated the establishment of the National Mobile Home Advisory Council and National Mobile Home Administration. The S. 2538 legislation appended the Housing and Community Development Act of 1974 on February 27, 1974. The Housing and Community Development Act of 1974 was a significant congressional amendment to the Housing Act of 1937.
Title II loans cannot be used for manufactured homes on leased land in manufactured home communities or mobile home parks. Down payments on a Title II loan can go as low as 3.5 percent, and terms ...
Manufactured homes are built onto steel beams, and are transported in complete sections to the home site, where they are assembled. Wheels, hitch and axles are removed on site when the home is placed on a permanent foundation. Mobile homes, or trailers, are built on wheels, and can be pulled by a vehicle.
Clayton Homes (or Clayton) is the largest builder of manufactured housing and modular homes in the United States. [1] [2] It is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway. [3] Clayton Homes' corporate headquarters are in Maryville, Tennessee. [4]