If you are considering the purchase of a manufactured home, consider the following:

• Economic Impact of Manufactured Homes 

• Demographics Of Manufactured Homes 

• Employment within the Manufactured Home Industry 

• Affordability of Manufactured Homes 

Economic Impact

31.4 % of new single family homes in North Carolina in 1999 were manufactured homes. In 1999, 63,754 building permits for new single family homes were issued in North Carolina and manufactured housing shipments totaled 29,167. Source: 1999 U.S. Dept. of Commerce, Bureau of the Census; National Conference of States on Building Codes and Standards (NCSBCS). 

$3.85 billion was contributed to the North Carolina economy in 1998 by the manufactured housing industry. The industry's economic impact in the state was third in the nation, surpassed only by Georgia and Texas. Source: 1998 report issued by the U.S. Department of Commerce and NCSBCS. 

North Carolina ranks fifth in the nation in sales (shipments); 5,331 manufactured homes were shipped to North Carolina in 2004. Single section shipments totaled 1,209 and multi-section shipments totaled 4,122. Source: 2004 NCSBCS. The 2004 average sales price for manufactured homes in North Carolina was $32,418 for single sections, $56,495 for multi-sections. Source: Statistical Surveys, Inc., 2004. 

North Carolina ranks eleventh in the nation in production; 5,235 manufactured homes were produced in North Carolina in 2004: 1,079 single section homes and 4,156 multi-section homes. Source: 2004 NCSBCS. 

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Demographics

Over 1 million North Carolinians live in manufactured homes, 16.4% of the population. Since 1990, over 100,000 manufactured homes have been shipped to North Carolina. Source: 2000 U.S. Census, 1991-1999 NCSBCS.

577,323 manufactured homes are sited in North Carolina, 16% of all single family homes. Source: 2000 U.S. Census. 

64% of all manufactured homes in North Carolina are owner occupied, and the value of those homes is $6.4 billion. Source: 1990 U.S. Census. 

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Employment

There are 28 manufactured home manufacturing plants in North Carolina. Those plants employ more than 5,000 people with a total annual payroll of more than $140,000,000. An estimated 9,600 supplier jobs are created as a result of the presence of these plants and their purchase of $250,000,000 worth of materials for use in production. Source: N.C. Department of Insurance, NCSBCS, Employment Security Commission, Department of Commerce. 

There are over 800 manufactured home retail sales centers in North Carolina. Source: N.C. Department of Insurance. 

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Affordability

NCMHI conducts an annual survey of retail sales centers in the state. According to the 2001 survey, the average selling price of a multi-section manufactured home in North Carolina is $64,843, for single section homes, the average selling price is $22,015. The average size of a single section manufactured home is 837 square feet ($26.30 per square foot); multi-section manufactured home averages 1,638 square feet ($39.60 per square foot). Source: 2001 Survey, NCMHI. 

Buyers of manufactured homes have an average household income of $43,257. Single section purchasers have an average household income of $41,633, while buyers of multi-section homes average $44,881 in household income. The average down payment for a single section is $3,541 with a monthly payment of $269. For a multi-section home the average down payment is $6,239 with a monthly payment of $628. Source: 2001 Survey, NCMHI. 

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