Investopedia on Housing plus Manufactured Housing Assoc US Production

Investopedia published a report on 10.5.2024 entitled: “The Average Homebuyer is 56 Years Old This Year, The Oldest They’ve Ever Been.” It included these points and takeaways.

"KEY TAKEAWAYS

• Younger homebuyers find it harder to break into the housing market as they face higher costs and limited inventory.
• This year, the average age of home buyers increased to a record high as first-time homebuyers in particular struggle to afford housing costs.
• The housing market has consistently darkened economic reports as mortgage rates remain high and homeowners still hesitate to trade in their ultra-low rates.

Young homebuyers are entering the housing market at a record low as high mortgage rates and prices have made home buying unaffordable for many.

According to a recent report by the National Association of Realtors [NAR], the average age of homebuyers rose to 56 this year. This is seven years older than last year and the highest level since the NAR started tracking in 1981."

A bright spot in the housing market is modern manufactured homes. However, most Americans have not been properly informed on the realities of modern manufactured housing as an option for affordable housing. As prior reports here on the Patch, which are linked further below indicated, the Manufactured Housing Institute (MHI) is blamed by several sources for that lack of understanding. That blame of MHI includes finger pointing by members of that trade group for the failure of the industry to perform better during an affordable housing crisis.

That noted here is the latest report from the Manufactured Housing Association for Regulatory Reform (MHARR). The following is provided with MHARR's permission.

https://manufacturedhousingass...

Washington, D.C., November 4, 2024 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production increased once again in September 2024. Just-released statistics indicate that HUD Code manufacturers produced 8,814 new homes in September 2024, a 10.7% increase over the 7,955 new HUD Code homes produced in September 2023. Cumulative production for 2024 now totals 77,376 homes, a 16% increase over the 66,647 HUD Code homes produced over the same period in 2023.

A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current reporting year (2024) and prior year (2023) shipments per category as indicated are:

The September 2024 statistics move Kentucky and Mississippi into the cumulative top-ten list, replacing Michigan and California, respectively.

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.- based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

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The original report on MHARR is at this link here. As a notice to mainstream media, MHARR has informed MHProNews that others in the news business are permitted to republish their monthly reports without charge so long as proper credits and link-backs to the original post are provided.

Prior reports on mainstream housing and manufactured home specific reports here on the Patch by this author are provided in the links below. We plan to do more reports on the issue of housing, affordable housing, and manufactured homes here on the Patch in the days ahead. Stay tuned.

> Top 10 States for Homelessness & Top Cities for Crime=Shocking Lessons

> WashPost-American Dream Fades But Assoc CEO Mark Weiss Shows Solution

> Controversy-Manufactured Housing Institute-Lesli Gooch-Mark Bowersox

> Other Countries Homeownership Rates vs. U.S. – Fix Affordable Housing

> Controversy-Manufactured Housing Institute-Lesli Gooch-Mark Bowersox

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> 34,758 Votes May Decide ‘24 Election & Dr. George Barna@ACU Research

> Other Countries Homeownership Rates vs. U.S. – Fix Affordable Housing

> Fannie Mae-Existing Home Sales Near 30-Year Low Despite Lower Rates

> Knight-‘Govt Exists to Promote and Protect Ordinary Happiness in Life’

> Manufactured Housing Institute & Next Great Affordable Housing Debate?

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> NAR-Existing Home Avg $416700 Aug-2024 Interest Rates Slide-Sales Dip

> Deception & Misdirection-3 Tricks-Paltering, Posturing and Projecting

> Caution! Equity LifeStyle Properties Dweller-Investor-Biz-Legal Alerts

> Lessons of Bernie Madoff-Enron-WorldCom-2008 Housing-Financial Crisis

> “TANSTAAFL”–What Does It Mean and Why Does It Matter to You and Yours?

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> HUD Admits Decades of Delay-Finally OK Multi-Family Manufactured Homes

> ‘Mobile Home Values Rising Faster Than Single-Family’ House-Wow Fact$

> Realtor-What Is a Manufactured Home? The Next Step Beyond Mobile Homes

> The Two Groups that Should See New Movie Reagan (2024) with Trailer

> Realtor? Journalist? Affordable Manufactured Home Production Jumps

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> Orlando RE Agent Smith-Younger Adults Will Need $8500 Monthly for Rent

> Blankley-Goodbye American Dream? Only 10% Polled Can Buy a House; But

> Waiting for Fed Rate Cut Before Buying a Home? Experts Say Think Twice

> Frank Rolfe-Special Interests ‘Don’t Want to Solve Affordable Housing'

> TARK-‘I’m a Teen and Know the Solution to Affordable Housing Crisis’

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> Renting? Rent too High? Odds Are DOJ Suit vs RealPage Matters to You

> New-Certified “Half Price Homes” - Affordable Housing Solution Redux

> Solution: “Would-Be Homebuyers Need 80% More Income Than 4 Years Ago”

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L. A. “Tony” Kovach and his family live in a manufactured home on private property in Winter Haven, FL. He is the co-founder of ManufacturedHomeLivingNews.com

(MHLivingNews.com) and ManufacturedHomeProNews.com (MHProNews.com), trade publications serving segments of the manufactured home industry. Having worked in several segments of the manufactured home industry for over 3 decades, Kovach is a widely acknowledged and often praised expert on manufactured housing. Kovach has earned multiple awards in history.