FHA Official Predicts Manufactured Housing Acceleration After Federal Regulatory Reforms
Reforms removing the permanent steel chassis requirement from manufactured homes could boost the sector and increase affordable starter housing supply, according to a HUD official.
FTMQ Real Estate, written by our newsroom2 views
Recent federal rule changes could drive a major expansion in the manufactured housing sector and increase the availability of affordable starter homes, Realtor.com reported. Matt Jones, an official at the U.S. Department of Housing and Urban Development, highlighted the potential impact of the newly passed 21st Century Road to Housing Act. [1]
The updated legislation eliminates a federal rule that required manufactured homes to feature a permanent steel chassis for transport, according to Realtor.com. Jones, who is President Donald Trump's nominee for Federal Housing Administration commissioner, stated that this alteration will allow many modular homes to meet the criteria for manufactured housing. [1][3]
The structural change aims to address supply constraints in the affordable home segment by easing regulatory definitions for modern factory-built structures. [1]
In short
- The 21st Century Road to Housing Act removed the federal requirement for manufactured homes to have a permanent steel chassis.
- HUD official Matt Jones predicted the regulatory change will accelerate manufactured housing adoption.
- The updated rules allow many modular homes to qualify under manufactured housing standards.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]FHA Official Predicts ‘Significant Acceleration’ in Manufactured Housing Under New RulesRealtor.com, 21d ago (the report this story comes from)
Background
- [2]Tiny-house movement on Wikipedia
- [3]Fred Trump on Wikipedia
- [4]Combustion light-gas gun on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Real Estate
Earlier reports of ours on the same people and subjects.
- Federal bill removes chassis rule to boost manufactured housing supplyHousing Market, 8d ago
- Lawmakers Propose Housing Reform Agenda to Lower Costs and Speed ConstructionHousing Policy, 29d ago
- Champion Homes to acquire Timberline Homes in direct retail expansionTop Stories, 28d ago
- HUD targets 203k renovation loan changes to expand housing supplyTop Stories, 21d ago
- Bipartisan caucus proposes federal policy blueprint to speed up housing constructionTop Stories, 29d ago
More in Buying and Selling
- John Lautner Designed Home Lists for $2.1 Million in Los Angeles3d ago
- Maintenance costs push nearly six million additional US homeowners over affordability threshold4d ago
- Zillow to pay 212.5 million dollars to settle iBuying shareholder lawsuit6d ago
- Taliesin West Reopens Following Fatal Roofing Material Accident in Arizona8d ago
- US consumer sentiment slides to 48 in October amid economic pressures11d ago
- Real estate agents retain home pricing duties despite growing AI adoption12d ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.