Manufactured Home Communities
Manufactured Home Costs on the Rise;
Policymakers Aim to Reduce Affordability Challenges
Home sale prices impacted by supply chain issues. A broad-based housing shortage has caused rising home costs, including for manufactured homes. Supply chain complications during the pandemic directly affected the number of manufactured homes that could be built and shipped, resulting in a backlog of deliveries. Last year noted the highest number of shipments since 2006, exhibiting the property type’s growing popularity, a contributing factor to manufactured home costs rising faster than the cost of a single-family home. Between 2019 and 2022, the median sale price of a single-family home rose from $279,900 to $385,200, nearly a 40 percent increase. Meanwhile, the average sale price of a manufactured home rose from $81,700 to approximately $128,300 in the same period, a 57 percent uptick.