Manufactured Housing Quick Facts

Manufactured Homeowners Are Satisfied Homeowners!
According to a study by the Foremost Insurance Company, 88 percent of manufactured homeowners report satisfaction with their housing choice. Likewise, a most recent Owens Corning study, conducted by National Family Opinion, found that 93 percent of manufactured home owners are satisfied with their housing choice.

Shipments of Manufactured Homes: Nationally
  • 2009 Total - 49,789
  • 2010 Total - 50,046
   
Shipments of Manufactured Homes: New Mexico
  • 2009: 987 ((2% market share of the national market)
  • 2010: 1,144 (2.3% market share of the national market)

Manufactured Homes As a Percentage of Total New Home Starts: Nationally
  • 2009
            o   New Single-Family Homes: 374,000
            o   Manufactured Home Shipments: 49,789
            o   MH Market Share: 11.7%
  • 2010
            o   New Single-Family Homes: 321,000
            o   Manufactured Home Shipments: 50,046
            o   MH Market Share: 13.5%

Modular Home Permits Issued: New Mexico
  • 2009: 73
  • 2010: 128
  • Percentage Change: + 42.9%

New Mexico: Population in Occupied Manufactured Housing
  • New Mexico Total: 359,225
  • As Percentage of Total Population: 17.87%

Other Manufactured Housing Quick Facts
  • In 2010, New Mexico ranked 18th in the nation for total manufactured homes sold.
  • The average age of the head of the household residing in manufactured housing is 49.9 years old.
  • 57% of the household heads residing in manufactured housing are employed full time, 7% part time, and 23% are retired.
  • Depending on the region of the country, construction cost per square foot for a new manufactured home averages 10 to 35 percent less than costs for a comparable site-built home.
            o   The average cost of a new site-built home purchased in 2009 was $203,182 and the average square footage was 2,422 sq. ft.
                This means that the average cost per square foot was $83.89.
            o   The average cost of a new manufactured home purchased in 2009 was $63,100 and the average square footage was 1,530 sq. ft.   
                This means that the average cost per square foot was $41.24.        
   
  • In 2009, 23% of new manufactured homes placed for residential use were located in a community, while 77% were located on private property.
  • Over 300 homes to date have received the Sustainable Building Tax Credit, totaling over $1,260,000 in tax credits to date.