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The federal mortgage company Fannie Mae says the annual median household salary of mobile homeowners is about $35,000, which is half of the annual median income for people who own homes built on site.
As of 2019, Clayton Homes has 40 home building facilities and more than 350 retail outlets located across the United States. At these facilities, retail locations and distribution centers, the company employs 16,000 people. [63] Clayton Homes produces about 50,000 homes per year at its facilities, which is about half of the industry's total.
Both companies and individuals frequently use chattel loans to buy real estate when the property involves mobile homes, manufactured homes or other movable structures. The reason for this is based ...
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".
A trailer park, caravan park, mobile home park, mobile home community or manufactured home community is a temporary or permanent area for mobile homes and travel trailers. Advantages include low cost compared to other housing, and quick and easy moving to a new area (for example, when taking a job in a distant place while keeping the same home).
Latino residents in Ohio and Colorado have filed lawsuits or complaints as experts warn of the risks, especially financial, of renting or buying manufactured homes in mobile pa… Reuters 3 months ago
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