With luxury options on the market, customers say their homeownership dreams are becoming a reality at a fraction of the price.
MALIBU, Calif. — Priced out of the American Dream, more aspiring homeowners are turning to manufactured homes. But buying a house in his hometown of Malibu, California, was a pipedream.However, Collings always knew he’d go a different route. He's lived in mobile homes throughout his life, growing up in the Paradise Cove mobile home park community.
According to the Manufactured Housing Institute, the industry produced almost 95,000 new homes in 2020, approximately 9% of new, single-family homes. Co-founder of Orbit Homes, Lauren Tucker, says demand for their luxury manufactured homes went up during the pandemic. Regulated under Housing and Urban Development , manufactured homes are built to federal building code. At around half the price of a stick-built home, Orbit wants to change the stigma around this alternative housing option.
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