Today's Manufactured
Home/Home Owner: Over one million
Georgians live in manufactured homes.
Less than 6% of manufactured homes are ever
moved from their original site.
The average price of a manufactured home in
Georgia is $48,800 without land. Nationally
based on the average sales price, the cost per
square foot for a manufactured home is $32.77
compared to $75.68 of a site-built home because
a manufactured home is constructed in a factory
under a controlled environment. Manufactured
homes are built with virtually the same materials
as site-built homes.
Over 60% of manufactured homes are placed on
private property.
Today's manufactured home is comparable in
appearance to a site-built home. Amenities include
fireplaces, walk-in closets, hardwood floors,
bay windows, modern kitchens with islands and
large bathrooms with garden tubs.
The median household income of Georgia's manufactured
home owner is $24,111.
88% of manufactured homeowners report satisfaction
with the manufactured housing lifestyle.
Manufactured homes are constructed and inspected
in accordance with strict federal building standards
- the HUD code - the only national building
code for single-family homes.
Nationally, in 2001, the estimated economic
impact from manufactured housing was $20.1 billion.
The economic impact reflects the economic activity
generated by the production and sale of a home
– this includes salaries, goods purchased
and auxiliary services.
Manufactured Housing
Industry's Economical Impact in Georgia:
Almost 13,000 manufactured homes were produced
in Georgia in 2004.
In 2004, Georgia was the fifth-leading producer
of manufactured homes in the United States.
Georgia has ranked in the top five for seventeen
years.
Fourteen plants are actively producing manufactured
homes in Georgia.
Sources:
State of the State Housing Study (DCA) 2003;
Foremost Insurance Study, The Market Facts 2002;
Owen Corning Study; Beautiful, Affordable, Quality
Housing: What Manufactured Home Owners Really
Want, 1998; Thomas E. Nutt-Powell, David Hoaglin
and Jonathan Layzer, Residential Property Value
and Manufactured Homes, Working Paper 86-1;
Joint Center for Housing Studies of the Massachusetts
Institute of Technology and Harvard University
1986; Manufactured Housing Institute; U.S. Department
of Commerce, Bureau of the Census.
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