Manufactured homes, often referred to as mobile homes, are becoming an increasingly popular choice for individuals looking to purchase an affordable home. With a growing market, numerous companies have emerged in the industry, producing homes that cater to different budgets and preferences. Some of the top manufacturers in the industry today include Clayton Homes, Champion Homes, and Fleetwood Homes.
Clayton Homes, a subsidiary of Warren Buffet’s Berkshire Hathaway company, is one of the largest manufacturers of manufactured homes in America. The company has been in operation for over 60 years and has built a reputation for producing high-quality homes at an affordable price point. With a wide selection of styles, floor plans, and customization options available, Clayton Homes is a reputable name in the industry.
Another key player in the manufactured home industry is Champion Homes. This builder has been around for over 60 years, producing a range of homes catered to various lifestyle needs and budgets. Offering over 2,500 different floor plans and customization options, Champion Homes puts an emphasis on customer satisfaction and personalization. By blending innovation and technology with a customer-centered approach, Champion Homes has become one of the leaders in the market.
Lastly, Fleetwood Homes is a California-based manufacturer known for affordable, high-quality homes. With over 1.5 million homes sold since its inception in 1950, Fleetwood Homes is committed to producing homes that are both sleek and energy-efficient. From luxury to entry-level models, Fleetwood Homes has a reputation for providing excellent value to its customers. Whether you are a first-time homebuyer or looking to downsize, Fleetwood Homes has an option for you.
The History of Manufactured Homes
Manufactured homes, also known as mobile homes or trailers, have come a long way since their humble beginnings. The history of manufactured homes dates back to the early 1900s when the first mobile homes were built as a solution to housing shortages during World War I. These early mobile homes were often built on wooden frames with wheels that were meant to be easily transported from one location to another.
After World War II, the demand for affordable housing skyrocketed, and the popularity of mobile homes grew. In the 1950s and 1960s, manufacturers began to mass-produce mobile homes which were designed for year-round occupancy. These mobile homes were much larger and more comfortable than their predecessors.
- In the 1970s, the United States Department of Housing and Urban Development (HUD) began regulating the construction of mobile homes. This resulted in a change in the building standards and safety requirements for mobile homes, which led to a decrease in the price of mobile homes.
- By the 1980s, the term “manufactured home” replaced “mobile home” as the industry standard. This was due to the fact that manufactured homes were built to higher standards of quality and safety than mobile homes.
- In the 1990s, manufactured homes became more popular due to the increase in affordability and the ability to customize the homes to fit specific needs.
Today, manufactured homes are a popular housing option for people looking for affordable, customizable, and energy-efficient homes. With the advancements in technology and design, manufactured homes now boast high-end amenities such as granite countertops, energy-efficient appliances, and spacious layouts.
Top Manufacturers of Manufactured Homes in the US
Manufactured homes have become a popular choice for many Americans for their affordability, flexibility, and customizability. In 2020 alone, about 94,000 manufactured homes were shipped across the United States. The manufactured housing industry is thriving with a variety of brands vying for consumer attention.
Top 2 Manufacturers of Manufactured Homes in the US
- Clayton Homes – A subsidiary of Berkshire Hathaway, Clayton Homes is the largest manufacturer of manufactured homes in the United States. Its homes can be found throughout the country, with over 16,000 homes shipped in 2020 alone. The company offers a wide range of floor plans and customizable options, allowing buyers to create their ideal home.
- Skyline Champion Corporation – Formed in 2018, Skyline Champion Corporation is a result of the merger between Skyline Corporation and Champion Home Builders. The company is now the second-largest manufacturer of manufactured homes in the United States, with over 12,000 homes shipped in 2020. It offers homes that cater to various budgets and styles, from entry-level to high-end.
Other Major Manufacturers of Manufactured Homes in the US
Aside from Clayton Homes and Skyline Champion Corporation, there are other major manufacturers of manufactured homes in the United States. These include:
- Cavco Industries – Based in Arizona, Cavco Industries is one of the largest producers of manufactured homes in the country. The company offers a range of manufactured and modular homes.
- Fleetwood Homes – A subsidiary of Cavco Industries, Fleetwood Homes focuses on building affordable manufactured homes for first-time buyers and those looking to downsize.
- Palm Harbor Homes – Based in Texas, Palm Harbor Homes has been manufacturing homes for over 40 years. The company offers a variety of sizes and styles, from single-wide to triple-wide homes.
The Impact of Major Manufacturers in the Manufactured Housing Industry
The major manufacturers of manufactured homes continue to shape the industry with their innovative designs, technology, and commitment to quality. They have also contributed to the growth of the industry by providing affordable homes to many Americans who want to own a home but cannot afford a traditional stick-built house. With the demand for manufactured homes continuing to rise, the role of these major manufacturers will remain crucial to the industry’s success.
| Manufacturer | Homes Shipped in 2020 |
|---|---|
| Clayton Homes | 16,191 |
| Skyline Champion Corporation | 12,145 |
| Cavco Industries | 13,750 |
| Fleetwood Homes | 8,525 |
| Palm Harbor Homes | 3,880 |
Source: Statista
Types of Manufactured Homes
Manufactured homes, also known as mobile homes or trailers, come in various types and sizes. These homes offer a more affordable housing option for those who cannot afford traditional site-built homes. Let’s take a closer look at the different types of manufactured homes.
- Single-Wide Homes
- Double-Wide Homes
- Triple-Wide Homes
Single-wide homes are the most popular type of manufactured home. They typically have a narrow and elongated floor plan, with a maximum width of 18 feet. These homes are usually less expensive than double-wide or triple-wide homes and are an excellent option for those who want to downsize or live alone.
Double-wide homes are twice the width of single-wide homes and provide more living space. The homes have an open floor plan, with the kitchen, living room, and dining area combined into one big room. These homes are ideal for families with children or for those who need more room to move around. Double-wide homes can also come with a split floor plan, where the master bedroom and bath are on one end of the house and the other bedrooms and bathrooms are on the opposite end. This configuration is perfect for those who want a bit more privacy.
Triple-wide homes are the largest type of manufactured homes. These homes are typically 1,800 to 2,400 square feet and have three separate units that are combined on-site. Triple-wide homes provide a lot of living space and are perfect for families who have larger households, or for those who want a more luxurious living experience.
Manufactured Home Builders
There are several companies that manufacture manufactured homes. These companies are known for their quality, affordability, and ability to customize homes based on the buyer’s needs and preferences. Here are some of the most popular manufactured home builders in the United States:
| Manufactured Home Builder | Headquarters |
|---|---|
| Clayton Homes | Maryville, Tennessee |
| Fleetwood Homes | Riverside, California |
| Skyline Homes | Sugar Creek, Ohio |
| Palm Harbor Homes | Addison, Texas |
| Champion Homes | Troy, Michigan |
These companies produce high-quality manufactured homes that meet various needs and preferences. Their homes are affordable, energy-efficient, and built to last. If you are looking for a manufactured home, it is essential to research different companies and choose the one that best suits your needs and budget.
Pros and Cons of Purchasing a Manufactured Home
Manufactured homes, also known as mobile homes, are an affordable housing option for many people. They are built in a factory and transported to a site where they are assembled and installed. While these homes have their benefits, they also come with some drawbacks.
- Pros:
- Cost-effective: Manufactured homes are much cheaper than traditional homes. The cost per square foot is usually 10-35% less than a site-built home, making it a more affordable option for families on a tight budget.
- Quick construction time: These homes are built in a factory and transported to the site, which means they can be constructed much faster compared to traditional homes.
- Energy-efficient: Modern manufactured homes come equipped with energy-efficient windows, insulation, and appliances, which can save homeowners money on utility bills.
- Customizable: Many manufacturers offer customizable floor plans, materials, and finishes to make the home more personalized.
- Cons:
- Resale value: Manufactured homes generally depreciate over time, which means they do not appreciate in value like traditional homes.
- Limited financing options: Many lenders and banks are hesitant to provide financing for manufactured homes, making it harder for buyers to secure a loan.
- Zoning and placement restrictions: Some areas have zoning and placement laws that do not allow manufactured homes, which can limit the buyer’s options.
Despite the cons, manufactured homes remain a popular option for people looking for affordable housing. It is important to do your research and weigh the pros and cons before making a final decision.
Trends in the Manufactured Home Industry
In recent years, the manufactured home industry has experienced significant growth as more and more people are opting for these homes as an affordable housing solution. Here are five of the most notable trends in the manufactured home industry:
- Increased customization: Many manufacturers are offering more customizable options for their homes, allowing buyers to create a home that suits their individual needs and preferences. Homebuyers can choose everything from the floor plan to the fixtures and finishes.
- Energy efficiency: As energy costs continue to rise, many manufacturers are focusing on creating more energy-efficient homes. Features like high-efficiency HVAC systems, insulation, and Energy Star-rated appliances make these homes more affordable and eco-friendly.
- Smart home technology: With the rise of smart home technology, many manufacturers are incorporating these features into their homes. From smart thermostats to automated lighting, these homes are equipped with the latest technology for greater convenience and comfort.
- Design and style: One of the biggest trends in the manufactured home industry is a focus on design and style. Many manufacturers are partnering with architects and designers to create homes that are not only affordable but also beautiful and stylish. From modern farmhouse to industrial chic, there’s a home for every taste and preference.
- Foundation options: In the past, manufactured homes were often only placed on concrete blocks. However, many manufacturers now offer homes with different foundation options, including full basements, crawl spaces, and even slabs. This provides buyers with more flexibility and options when it comes to their home’s foundation.
These trends are shaping the future of the manufactured home industry, making these homes more attractive and appealing to a wider range of homebuyers than ever before. With greater customization, energy efficiency, technology, design, and foundation options, the possibilities are endless for those looking for an affordable and stylish place to call home.
Financing options for buying a manufactured home
One of the advantages of buying a manufactured home is that it is often more affordable than a traditional stick-built home. However, even with a lower price point, financing options can still be a challenge. Here are several options for financing your manufactured home purchase:
- Chattel loan: This is the most common type of loan for manufactured homes. Chattel loans are similar to car loans in that they are secured by the home itself, and not the land it sits on. These loans typically have higher interest rates and shorter terms than traditional mortgages.
- Veterans Affairs (VA) loan: For eligible veterans, VA loans can be used to purchase a manufactured home as well as the land it sits on. These loans offer competitive interest rates and flexible terms.
- Federal Housing Administration (FHA) loan: FHA loans are available to borrowers with lower credit scores and smaller down payments. While they can be used for manufactured homes, they have specific requirements such as the home being classified as real property and being built after 1976.
It’s important to note that not all lenders offer financing for manufactured homes, so it’s important to do your research and find a lender and loan program that fits your needs.
If you’re struggling to secure financing for your manufactured home purchase, there are other options to consider:
Personal loans: If you have good credit, a personal loan may be an option to finance your manufactured home purchase. Personal loans typically have higher interest rates than traditional mortgages, but they can be a viable alternative if you’re having difficulty getting approved for a conventional loan.
Owner financing: In an owner financing arrangement, the seller of the home acts as the lender, offering financing to help the buyer purchase the home. This option can be beneficial if you have poor credit or are unable to secure financing through traditional lenders. However, it’s important to have a thorough understanding of the terms of the agreement before entering into an owner financing arrangement.
Rent-to-own: In a rent-to-own agreement, the buyer rents the home from the seller with the option to purchase it at the end of the rental period. This option can be helpful for buyers who need some time to build up their credit scores or save money for a down payment.
| Lender | Loan Type | Minimum Down Payment | Minimum Credit Score |
|---|---|---|---|
| 21st Mortgage Corporation | Chattel Loan | 5% | None specified |
| U.S. Bank | VA Loan | No minimum | None specified |
| Cascade Financial Services | FHA Loan | 3.5% | 580 |
Ultimately, the best financing option for your manufactured home purchase will depend on your individual circumstances. Consider your credit score, income, down payment, and other factors when choosing a lender and loan program. And don’t be afraid to shop around and compare rates and terms from multiple lenders to find the best deal.
Comparison of manufactured homes with traditional construction homes
Manufactured homes, also known as mobile or modular homes, have gained popularity over the years as an affordable and convenient housing option. However, many people still wonder how manufactured homes compare to traditional construction homes in terms of quality, safety, and durability. In this section, we’ll examine the differences between these two types of housing and help you decide which one is the best fit for your needs.
- Construction process: Traditional construction homes are built on-site, while manufactured homes are prefabricated in a factory and transported to the site. This means that manufactured homes can be completed in a fraction of the time it takes to build a traditional home, and the construction process is not affected by weather conditions. Additionally, the controlled environment of the factory allows for higher quality control standards.
- Customization: Traditional construction homes offer greater flexibility in terms of design and customization options than manufactured homes, which often come in limited models and floor plans. However, some manufacturers now offer more customization options for their manufactured homes.
- Cost: Manufactured homes are typically less expensive than traditional construction homes due to their prefabricated nature and lower labor costs. However, the cost can vary depending on the manufacturer, materials used, and location of the site.
Despite these differences, both traditional construction homes and manufactured homes must meet the same building codes and safety regulations. Both types of housing can also increase in value over time and provide a comfortable living space for their occupants.
When it comes to making a choice between a manufactured home and a traditional construction home, it ultimately depends on your individual needs, budget, and preferences. Take the time to research and compare your options before making a decision that you’ll be happy with for years to come.
For more information on the differences between manufactured homes and traditional construction homes, take a look at the comparison table below:
| Manufactured Homes | Traditional Construction Homes | |
|---|---|---|
| Construction Process | Prefabricated in a factory and transported to the site | Built on-site |
| Customization | Limited models and floor plans | Greater flexibility in design and customization options |
| Cost | Less expensive due to lower labor costs and prefabricated nature | More expensive due to higher labor costs and materials |
| Building Codes and Safety Regulations | Must meet the same codes and regulations as traditional construction homes | Must meet the same codes and regulations as manufactured homes |
No matter which option you choose, make sure to work with reputable builders and follow all necessary regulations to ensure a safe and comfortable living environment for you and your loved ones.
Manufactured Home Insurance
When it comes to buying a manufactured home, insurance is a critical factor to consider. Given that mobile homes have different construction materials and methods from traditional houses, they need a different type of insurance policy to cover them. In most cases, the insurance coverage should account for damage to the home’s structure and the other assets inside it, such as appliances and furniture.
- Standard Homeowner’s Policies: Regular homeowner’s policies may cover manufactured homes. However, you need to ensure that your insurance company includes mobile homes in their policy options.
- Manufactured Home Insurance: This is a specialized policy that is designed specifically for mobile homes. The coverage includes the home’s structure and essentials in the home, such as appliances, personal belongings, and liability.
- Title 1 Loans: Title 1 loans are offered by the Federal Housing Administration (FHA) and are meant to make financing mobile homes more accessible. As part of the financing agreement, you will be required to have insurance coverage that meets the FHA’s guidelines.
In general, mobile home insurance tends to be more expensive than traditional homeowner’s policies. According to official statistics, you can expect to pay anywhere between $500 and $1,000 annually but remember that this differs from one location to another.
When selecting an insurance policy, it is advisable to compare various options to land on the most price-friendly and comprehensive cover. Partnering with an insurance agent who specializes in mobile home insurance could be helpful as they can provide a more informed assessment of the potential risks and recommend the appropriate coverage plan.
| Insurance Policy | Coverage |
|---|---|
| Comprehensive Policy | Covers any damage to the home and possessions, including natural disasters and theft. |
| Collision-only Policy | Covers damage to a mobile home that occurs due to a collision with another vehicle or object but does not cover other potential accidents or natural disasters. |
Before picking an insurance policy, assess the possible risks and the value of the property to be insured. This will guide you in selecting the right coverage plan so that you only pay for the needed insurance.
Regulations and Standards for Manufactured Homes
Manufactured homes have come a long way since their initial introduction in the 1920s. Nowadays, they are a popular choice for those in the market for a new home. However, the manufacturing of homes is subject to regulation by different organizations. These regulations and standards ensure that manufactured homes are safe, durable, and energy-efficient.
Federal Regulations
- The Department of Housing and Urban Development (HUD) regulates the construction, safety, and quality standards of manufactured homes.
- The HUD Code requires that each manufactured home meet a set of minimum requirements, including design and construction standards for the electrical, plumbing, heating, and air conditioning systems.
- Homes that meet these standards are eligible for financing under government programs such as the Federal Housing Administration (FHA) and the Veterans Affairs (VA) loans.
State Regulations
Each state has its own set of regulations for manufactured homes that supplement the federal regulations. These regulations can vary widely between states but generally cover a range of requirements, including:
- Installation and set-up of the home
- Verification of the home’s compliance with HUD’s standards
- Inspection and certification of the home’s energy efficiency standards
- State-specific safety regulations for manufactured homes
Energy Efficiency Standards
Energy efficiency is a critical factor for homeowners looking to save money on utility bills and reduce their carbon footprint. Manufacturers of manufactured homes must follow energy efficiency standards, as outlined in the HUD Code. These standards include:
- Minimum insulation levels for walls, floors, and ceilings
- Heat and cooling systems that meet certain energy efficiency standards
- Use of energy-efficient materials and appliances
Quality Assurance Inspections and Certifications
Manufactured homes must undergo rigorous inspections and certifications required by the HUD Code. These inspections include:
| Inspection Type | Description |
|---|---|
| In-Plant Inspection | HUD-approved inspectors visit the manufacturing facility to inspect each home’s compliance with the HUD Code’s safety and quality standards. |
| Third-Party Inspection | Independent third-party inspection agencies inspect each home and certify that they are compliant with the HUD Code’s standards. |
| Installation Inspection | Local officials inspect the installation of each home and verify that it meets state and local codes. |
These inspections and certifications provide consumers with assurances that the home they are purchasing meets safety and quality standards.
In conclusion, regulations and standards for manufactured homes are in place to ensure that homes are built to strict requirements. Federal guidelines set minimum standards for construction and safety while state regulations supplement them with state-specific requirements. Energy efficiency standards ensure that homes are environmentally friendly and cost-effective. Finally, rigorous quality assurance inspections provide the homeowner with peace of mind knowing that their home complies with safety and quality standards.
Future of the Manufactured Home Industry
The manufactured home industry has seen steady growth in recent years, driven by the increasing demand for affordable housing and the improving quality and design of manufactured homes. Experts predict that the industry will continue to grow in the coming years, with several key factors contributing to its success.
The following are some of the trends and predictions for the future of the manufactured home industry:
- Increasing demand for affordable housing: As the cost of traditional site-built homes continues to rise, more and more people are turning to manufactured homes as a cost-effective alternative. This trend is expected to continue, especially among low-income households and younger generations struggling with student loans and high debt.
- Improved quality and design: The image of manufactured homes has changed from being a cheap-looking, low-quality option to being more modern, stylish and well-designed. The use of advanced materials, technologies, and building techniques has resulted in more energy-efficient, durable and safe homes.
- Advancements in customization options: Unlike traditional homes, manufactured homes offer a wide range of customization options by enabling homeowners to choose from a variety of floor plans, finishes, and features. In the future, manufacturers are expected to offer more advanced customization options using technology like virtual reality and 3D printing.
- Enhanced sustainability: The desire for eco-friendly and sustainable homes is on the rise, and manufactured homes are no exception. Some manufacturers are beginning to offer homes that feature green materials, renewable energy sources, and other sustainable features that are cost-effective and energy-efficient.
- Investment potential: Given the significant growth and potential of the industry, buying and investing in manufactured homes has become more appealing to individuals and companies. Manufactured homes are expected to appreciate over time, thus providing a good return on investment as a rental or a home that can be sold at a profit.
Statistics on the Growth of Manufactured Homes
According to the Manufactured Housing Institute (MHI), the manufactured housing industry in the United States has grown significantly in recent years.
| Year | Housing Shipments | Market Share |
|---|---|---|
| 2015 | 70,544 | 8.8% |
| 2016 | 81,922 | 9.5% |
| 2017 | 92,902 | 10.4% |
| 2018 | 96,540 | 10.5% |
| 2019 | 94,353 | 10.5% |
These statistics demonstrate that the manufactured home industry is growing quickly and consistently. As more people discover the benefits of manufactured homes and manufacturers continue to improve the quality and design of their products, it is likely that this trend will continue for the foreseeable future.
FAQs about What Companies Make Manufactured Homes
1. What is a manufactured home?
A manufactured home is a pre-fabricated house that is built off-site and transported to the buyer’s desired location.
2. What companies make manufactured homes?
Some of the top companies that make manufactured homes include Clayton Homes, Champion Homes, Fleetwood Homes, Golden West Homes, Skyline Homes, and Palm Harbor Homes.
3. What are the benefits of buying a manufactured home?
Manufactured homes are often more affordable than traditionally built homes and can be customized to fit the buyer’s unique needs. They also typically take less time to build and can be moved if the owner desires a change of location.
4. Can I finance a manufactured home?
Yes, many banks and lenders offer financing options for manufactured homes. It’s important to shop around and compare rates to ensure you’re getting the best deal.
5. How long do manufactured homes typically last?
With proper maintenance and upkeep, a manufactured home can last for several decades.
6. Are manufactured homes eligible for insurance coverage?
Yes, just like traditional homes, manufactured homes can be insured to protect against fire, theft, and other damage.
7. Can I install solar panels on my manufactured home?
Yes, many manufactured homes are designed to accommodate solar panel installations.
Closing Thoughts
Thanks for reading our article on what companies make manufactured homes. We hope you found this information helpful in your search for the perfect home. If you have any questions or would like to learn more, please don’t hesitate to reach out. And don’t forget to check back for more informative articles in the future!