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1�TOBILE HO1�TE MANUFACTURED HOUSING FACTS L In 2000, the Manufactured Housing Improvement Act was passed into law. This new law will beneft homeowners by providing a more timely method to update the standards. 2. In 1999, 21.4 million Americans (about 7.6 percent of the U.S. population) lived full-time in 8.9 million manufactured homes. 3, In 2000, the industry shipped 250,550 homes from 280 manufacturing facilities. 4. Multi-section shipments in 2000 outpaCed single-section shipments, commanding 70.1 percent of total shipments. In 1999, multi-section shipments accounted for 64.7 percent of the total. 5. 88 percent of manufactured home owners report satisfaction with the manufactured housing lifestyle. 6. All manufactured homes are built to the federal AUD Code, with each home going through a rigorous inspection process before being certified and sold. 2000 marked the 24'h anniversary of the HUD Code. 7. A majority of manufactured homes are never moved after they have been installed. 8. Manufactured housing retail sales were estimated at $16.3 billion in 1998. 9. In 2000, one out of six new single-family housing starts were manufactured homes. 10. According to the Census Bureau, 1999 figures show that 68 percent of new manufactured homes were located on private property, and 32 percent of new manufactured homes were located in communities. 11. The average sales price of a manufactured home was $43,600 in 1999. Single-section homes average $31,800, while multi-section homes average $50,200. 12. In 1999, the estimated economic impact from manufactured housing was $34.5 billion. The economic impact reflects the economic activity generated by the production and sale of a home — this includes salaries, goods purchased and auxiliary services. Source: "The Market Facts", a national study conducted by the Foremost Insurance Group of Companies, 1998. Dr. Carol Meeks, Manufactured Home Life study, 1998