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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."
A December 2023 article from The New York Times cited a LendingTree study about the prices of mobile homes increasing faster than traditionally-built single-family homes.
Unlike traditional real estate, mobile and manufactured homes tend to lose value over time. That means you can get a discount if you buy a used mobile home. The trade-off is that used mobile homes ...
The Manufactured Housing Institute (MHI) is a U.S. trade organization representing companies and organizations that are involved in the production, sale and financing of manufactured housing, prefabricated home and modular home units.
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".
By borrowing some of the value of a home, homeowners are able to make home improvements or consolidate, pay down or pay off higher-interest debts. In 2023, the average HELOC balance grew 2.7% to ...
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