Grace Real Estate Team

Professional Real Estate Investment Services In Kansas City

Grace Real Estate Company is now doing business as United Real Estate Kansas City. We have expanded and now have over 120 agents in the Kansas City metro to serve your needs.

Providing a One stop shop for Investors with our Affiliated Companies and Services:
United Real Estate Kansas City,  KC Commercial & Residential Management,  KC Rehab Construction and stated Loan Company.

We offer a superior level of property management and homes in Kansas City Missouri, and professional real estate Investment services team for Acquisitions. We provide turnkey, wholesale, rental, investment properties in Kansas City. Rehab and property management services to Banks, Wholesale, turn key, Cashflow Investors, Buyers, Sellers and Renters in the Kansas City, Missouri area. For 14 years we have perfected the one stop shop for Kansas City real estate investors and Kansas City Investment Properties. We can provide all the property or homes in Kansas City that you will ever need. Our turnkey cash flowing real estate investment properties in Kansas City are remodeled by our in house construction company and property management is provided by our in house Kanasas city property management company called KC Commercial and Residential Property Management. Turnkey, cash-flow, wholesale properties in Kansas city are available on our Wholesale Properties tab on the left. Before and after pictures of our Kansas city investment properties are on the left and will give you a good idea of the quality of rehab done to the wholesale rental properties in Kansas City that we sell. We are the most experienced property managers in Kansas city when it comes to lower income rentals or homes in Kansas City. Our systems, processes, and software for our Kansas City property management is comprehensive, unmatched and proven. With a vast supply of homes in Kansas city, we are positive we will be able to find properties in Kansas city that will make you money. Grace Real Estate Company is the one company all Kansas city real estate investors need.

WHY INVEST IN KC
WHY GRACE REAL ESTATE?
SAMPLE FLIP PROJECT
SAMPLE WHOLESALE RENTAL VIDEO

Sellers!

If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply fill out the requested information and we will use comparable sold listings to help you calculate the fair market value of your home.

Buyers!

Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information! Simply choose Dream Home Finder and fill in the requested information, or, search for yourself here

Contact Us

Have a question? Want more information? Let's get in touch. Call Us For Cash-Flowing, Investment Property 
Grace Real Estate Co. LLC and Las Casas, LLC 
Property Management and Real Estate Investment homes in KC
511 Delaware St. Suite B 
Kansas City, MO 64105 
gracerealty77@gmail.com 
projectkcrehab@gmail.com 
Llame hoy para informacion en Español! 

Our Business Model

KANSAS CITY REAL ESTATE INVESTORS!

Don't spend years creating your own Kansas City real estate investment network. For homes in Kansas City tap into the Grace Real Estate Company, LLC real estate investing network. For over 14 years we have successfully provided properties in Kansas city and managed property, purchased, rehabbed, financed, wholesale, sold, rented, and contract for deed and rent-to-owned cash-flowing investment properties in Kansas city Missouri. In doing so we have created a successful proven investment property network in Kansas city that will make you money with low purchase prices and high cash-flow! We have streamlined the investment process by offering all services an investor would need under one roof. We have created a ONE STOP SHOP FOR KANSAS CITY REAL ESTATE INVESTORS! With over 14 years of property management in Kansas city and a portfolio over 400 houses we have the experience you need to handle your Kansas City Real Estate Investments. Our property management in Kansas city is experienced in section 8 programs and managing property in the inner city. Our properties in Kansas city in which we are the wholesalers or the sellers are going to be good wholesale, cash-flow homes in Kansas City. All of our homes in Kansas City that we wholesale will have big bedrooms, full basements, parking, and completely out of the inner city or midtown area. The properties in Kansas city that we provide are in rentable and desirable neighborhoods. This means more renters and less vacancy on our homes in Kansas city. 

BANKS AND PRIVATE INVESTORS!

With current market situations foreclosures are a reality that many banks, asset managers, and investors are having to deal with. Instead of spending your time searching for several different companies to handle your listings, clean-outs, re-keys, securing properties, handling evictions, dealing with tenants of occupied properties, collecting rents, doing repairs and remodels... we offer all services you would need under one roof. We have created a ONE STOP SHOP FOR BANKS AND PRIVATE INVESTORS! We currently have exclusive right to sell contracts and exclusive management agreements with several local and national banks and investors. To see how we can help you call Patrick @ (816)453-5532. 

KANSAS CITY REHAB INVESTMENT PROPERTIES: LOW ENTRY POINTS AND DUAL EXIT STRATEGY:

Through our years of investing and servicing investors we have developed relations with local banks, real estate agents, and wholesalers to provide us with great properties at low prices. We have certain criteria all of our homes must have and only certain zip codes we invest in. WE ARE BUYING HOMES IN KANSAS CITY FOR .20 TO .30 CENTS ON THE DOLLAR, USUALLY BETWEEN 25-80K. WE ALSO DO NOT PROVIDE PROPERTIES THAT WE WONT MANAGE. WE STAY OUT OF BAD AREAS AND DO NOT PROVIDE INNER CITY LOW END PRODUCT. 

We also have a dual exit strategy on most homes we provide for our investors. The homes we buy and the zip codes we buy all have re sale comps. We will get you into investments rehabbed for 40-50k that we can sell for 75-85k and if we do not sell then we can rent, owner finance, section 8 for 850-900 a month. This is a dual exit strategy. We have perfected the exit strategies and the management and keeping the assets producing income. 

We have three types of investments that we specialize in: 

1. TURNKEY RENTAL OPTION: in this option the houses would be completed, and rented and generate income the day you close. 
Price will vary depending on property and rents the property can generate. on average houses that rent for 800-950 a month would sell for 35-65k turnkey depending on area and property. 

2. TURNKEY REHAB OPTION: THIS OPTION IS COMPLETELY TRANSPARENT THE INVESTOR KNOWS ALL THE NUMBER AND GETS IN FROM THE BEGINNING. In this option you would purchase a foreclosure that we find from the bank using your funds, we will give you a bid to rehab it use our crews to fix and rent it. In this option you wouldn't be paying a profit margin to the seller so your outlay is less you would get in on the ground floor. The average outlay would be 25-55k depending on area and property. In this scenario you would now be able to sell the property for 35-85k and you are now the wholesaler. MOST INVESTORS ARE JUMPING ON THIS MODEL. THEY LOVE BEING INVOLVED, THE TRANSPARENCY, AND THE LOWER COST BASIS IS ATTRACTIVE. 

3. RETAIL FLIP OPTION: in this option we are purchasing houses that can sell for 150k or less. More desirable neighborhoods, higher comps, and we are buying them out of foreclosure for 65-100k and remodeling them and selling them retail to homeowner buyers for 110-180k. 

With low entry points, high rents and cash flow, experienced rehab and property management companies , experienced wholesalers and Realtor, paperwork systems and processes in place your chances of success have greatly improved. Call us today for our list of properties for sale or to set up appointment for free consulting. 816 453 5532 

In the last 12 years we have created a network of vertically integrated companies that work together to provide all the services a real estate investor would need to be successful in Kansas City. 

REHAB LOAN COMPANY:

Our full service, in house lender. We have developed relations with the small local banks in Kansas City to provide loans for our investors and also have a mortgage division that can service all your mortgage needs and the needs of your buyers and tenants. We work with a few small banks and over 20 big wholesale banks to get our loans done. 

KC REHAB CONSTRUCTION:

Our full service rehab/remodel company. From top to bottom, inside and out we can remodel your entire property. From minor cosmetics to siding, windows, roof, kitchen and bath remodel, electric, and plumbing, we can do it all. With rehabbing over 50 houses per year we have the experience to pass the inspections and get the job done right with the right price to hit your profit margins. With over 15 crews we can remodel cheap rentals and also do high end basement remodels. Kc rehab construction is a section 3 kansas city contractor and doing work for the city in remodeling the houses the city is buying. We also supply sub contractors and laborers to help manage the maintenance and repair work for las casa's rental portfolio. Email: projectkcrehab@gmail.com and request before and after photos i have an extensive portfolio of pictures. . CLICK ON BEFORE AND AFTER TAB. 

KC COMMERCIAL & RESIDENTIAL PROPERTY MANAGEMENT

KC COMMERCIAL & RESIDENTIAL PROPERTY MANAGEMENT IS OUR IN HOUSE PROPERTY MANAGEMENT COMPANY. A HUGE FACTOR THAT MAKES US UNIQUE IS OUR AGENTS ARE FLUENT IN SPANISH WHICH OPENS UP A CULTURE THAT 99% OF MY COMPETITION CAN'T TOUCH. PROVIDING RENTALS AND OWNER FINANCE ARE HUGE EXIT STRATEGIES THAT WE USE TO FILL OUR HOMES. WE CURRENTLY MANAGE A PORTFOLIO OVER 18 MILLION FOR 75 INVESTORS. WE USE A ONLINE SYSTEM FOR THE PROPERTY MANAGEMENT AND WE WILL HANDLE YOUR MAINTENANCE, REPAIRS, TENANT LOCATION, SCREENING, AND COLLECTION OF RENTS. WE PROVIDE ONLINE MONTHLY REPORTS AND ANNUAL REPORTS WITH INCOME AND EXPENSES. WE DIRECT DEPOSIT YOUR RENTS TO YOUR ACCOUNT ON THE 15TH OF EVERY MONTH. OUR HOMES ARE VACANT FOR 30 DAYS ON AVERAGE AND OUR TENANTS STAY ON AVERAGE 2-3 YEARS. OUR MANAGEMENT FEE IS 10%. WE HAVE 4 FULL TIME PROPERTY MANAGERS WITH 5-20 YEARS EXPERIENCE IN MANAGING PROPERTIES, WE HAVE 4 FULL TIME MAINTENANCE/HANDYMAN SO YOUR PROPERTIES ARE BEING MANAGED WITH THE UTMOST CARE. WE HAVE APPROXIMATELY 100 HOMES ON SECTION 8 SO WE ARE WELL VERSED IN SECTION 8 AND PASSING INSPECTIONS ANNUALLY. WE ALSO CREATE NOTES AND OWNER FINANCE TO ALOT OF CLIENTS WHO CAN'T GET LOANS. WITH BANKS NOT FINANCING WE ARE CLOSING MORE DEALS THEN EVER. DUE TO US MANAGING THE PRODUCT WE SELL FOR LONG TERM WE ONLY SELL TURNKEY PRODUCT IN GOOD ZIP CODES AND GOOD AREAS. WE STIVE FOR LONG TERM RELATIONS WITH OUR INVESTORS. WE ALSO MANAGE FOR MANY AUSTRALIANS, CANADIANS, AND FOREIGN INVESTORS AND UNDERSTAND THE PAPERWORK THAT COMES WITH MANAGING FOR INVESTORS OUTSIDE OF THE US. 


Due to the companies being vertically integrated and working together in the same transaction we may make a commission on each company when it completes its designated service. However, due to us owning all the companies we can be negotiable to make your numbers work to hit your profit margins and cash flow goals in investment property in kansas city. You don't have to use all of our companies. We have lots of clients who use other realtors but use us for rehab and management. 

FIRST STEP IS TO CALL OUR OFFICE TO MAKE APPOINTMENT FOR INVESTMENT CONSULTATION. 
CALL PAT GRACE 816 456-1843 FOR MORE DETAILS AND INFORMATION ON FEES AND RATES. 

Testimonials

Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional. John and Rhonda Robinson
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Daniel and Barb Northfield
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Real Estate News

Latest Realty News from NAR

Second Quarter Single Family Metro Market Prices

The National Association of REALTORS® quarterly home prices increased again this quarter. Prices continue to drift up this quarter with 90% of the markets showing home price appreciation. We can also look at the top metro areas whose price grew the fastest. Housing affordability is down and for first time buyers qualifying incomes are rising along with the down payment on a new home. Knowing the mortgage rates and the qualifying incomes will help potential homeowners figure out what metro areas are affordable for them. Here is a look at the metro areas with the strongest price growth of the second quarter 2018, as well as a look at the yearly change in median existing single-family home prices for the top five highest and lowest growth metro areas of the second quarter 2018.

These are the top five single-family metro areas with the highest home price appreciation:

These are the bottom five single-family metro areas that had a decline in home price appreciation:

These are the most expensive metro areas for the second quarter 2018:

These are the least expensive metro areas for the second quarter 2018:

Improving Housing Supply Conditions

NAR identifies metro areas with the highest deficit in home construction,, as well as those areas where the housing supply appears to be sufficient to meet the demands of home buyers. The Monthly Housing Shortage Tracker is an index, which compares how many permits are issued relative to the number of new jobs. The higher the index the greater the housing shortage since it shows that more jobs have been created relative to the number of new homes constructed. Based on the historical average, two permits are issued for every new job. However, the highest value for the index in August was 14.8 in the New York metro area. This means that for every 15 new jobs a single-family unit is permitted. In contrast, a single-family unit is permitted for every new job in the Houston metro area.

The “usual suspects” are at the top of the list. It is noteworthy that, among the top ten metro areas with the most severe housing shortage, seven are located in California.

Dashboard 5

The visualization below allows you to see how many permits are issued for every new job for 178 metro areas. Click on a metro area on the map and see the number of permits issued and new jobs created in the last three years.

HST-blog

Comparison to a Year Earlier

Compared to a year earlier, the index dropped in more than 70 percent of metro areas including areas with serious housing supply issues. A lower index means that more single-family permits are issued per new job than a year earlier. However, more single-family permits does not necessarily result in a lower index value. For instance, single-family permit issuance increased in Salinas, CA from 738 units (Jun/2014-Jun/2017) to 802 units (Jun/2015-Jun/2018). Nevertheless, the index increased because job creation was stronger than the issuance of single-family permits.

The average index[1] dropped from 4.0 to 3.5 in August 2018. For instance, New York had the highest value for the index in August 2018 at 14.8. However, the index was even higher at 17.0 a year earlier. Thus, while a single-family permit was issued for every 17 new jobs in 2017, a single-family permit has been issued for every 15 new jobs in 2018. Currently, a single-family permit is issued for every 13 new jobs in the San Jose metro area in 2018 compared to 15 new jobs in 2017.

The visualization below shows whether housing supply conditions are improving or not. In the blue areas the index dropped (improving housing supply conditions) while in the orange areas the index increased (tighter housing supply) compared to last year.

Dashboard 1

 


[1]The average was calculated based on the indices of these 178 metro areas.

Manufactured Homes: Affordable, Safe, and Decent Housing for Aspiring Homeowners

This blog highlights the findings of a May 2018 Realtor® University Center for Real Estate Studies[1] research paper that found that manufactured homes[2] have increasingly become safer, with customized designs that give them the look of site-built homes, while being highly affordable at half the cost of site-built homes. For 6.6 million households, manufactured homes are an affordable homeownership choice. The lower monthly housing costs makes homeownership more affordable—especially for lower-income households, retirees who may want to spend less on housing costs, and households who want to purchase an affordable second home for vacation use.

Manufactured Homes: An Affordable Homeownership Option  

As of 2016, there were 6.6 million owner-occupied manufactured/mobile homes in the United States, 4.7 million of which were owner-occupied, a homeownership rate of 71 percent. The largest concentration of manufactured homes, as a share of the total housing stock, are in West Virginia, South Carolina, Mississippi, and New Mexico, with manufactured/mobile homes accounting for 15% to 25% of the housing stock. They are also more common in North Carolina, Kentucky, Alabama, Louisiana, Arkansas, Arizona, Wyoming and Montana, accounting for 10 to 14 percent of housing stock.

As of May 2018, 98,000 manufactured homes[3] were shipped in all states, an increase from the 92,900 shipments in 2017[4]. About 5,000 or more homes are shipped to Texas, Alabama, Florida, Louisiana, and Michigan.

Manufactured homes are an affordable option, especially for the lower income groups.  Based on 2016 latest data, the median household income among manufactured homeowners was $43,900, about half the median household income among all homeowners.  The median household income of manufactured homeowners is about the same as the median income of all renters, at $42,500. This indicates that renters can transition to homeownership without significant change in housing expenses via ownership of a manufactured home, if other factors that homebuyers look for are also met (e.g., accessible transportation, presence of a good school, other neighborhood qualities).

Manufactured homeowners typically spent $534 on housing cost, or about half the $1,220 monthly housing cost among all homeowners[5]. Because of the lower housing costs, only 13 percent of manufactured homeowners pay more than 30 percent of income on rent (cost-burdened). Meanwhile, 46 percent of renters are cost-burdened.

The head of households in mobile/manufactured homes tends to be slightly older than household heads in single-family units, at 57 years for owner-occupied mobile homes and 43 years old for renters. In many states in the Northeast, West Coast, and Florida, the median age among households living in mobile/manufactured homes was 65 to 74 years old in 2016.

Manufactured homes are also owned as vacation homes. Vacant mobile/manufactured homes made up 18 percent of mobile/manufactured homes as of 2013, and half of these units were seasonally vacant. Eleven percent of mobile/manufactured homes were also owned as extra units, and of these extra units owned, 60 percent were used for recreational purposes[6].

Cost Comparisons: Manufactured Home, Existing- and New Site-Built Homes[7]

Manufactured homes are much cheaper to manufacture compared to the cost of constructing site-built homes. According to estimate of the U.S. Census Bureau’s Manufactured Housing Survey, the average cost per square foot of manufactured housing in 2017 was $50.42, about half the cost a newly built home at $111.05.[8]  Industry experts attribute the cost savings to the efficiencies of the factory-building process arising from economies of scale related to purchasing large and standard quantities of materials, and a controlled construction environment that avoids traditional home construction problems such delays relating  to weather and damage to building products and materials.

A comparison of the housing costs for owning a manufactured house, an existing home, and a new-site built home shows is shown below based on 2017 prices (see Appendix 1 below for detailed calculations).  On average, owners of manufactured homes who also own the land and file for conversion of the manufactured home as a real estate (on owned land) and are able to obtain mortgage financing expect to pay $1,300 per month (Option 3), which is lower than the monthly housing expenses compared to all other home ownership options: chattel financing for a manufactured home on leased land ($1,400), mix of chattel and mortgage financing for a manufactured home on privately owned land ($1,800), mortgage financing for an existing home on owned land ($2,100), and mortgage financing for a new site-built home ($2,800). There is a small difference ($300) in the monthly housing cost between mortgage financing for an existing home (Option 4) and a chattel financing of a manufactured home on owned land (Option 2) because the higher interest cost for a chattel, about 525[9] basis points higher than a mortgage partially offsets the cost advantage from purchasing a cheaper manufactured home.

For a household earning the median household income of $60,527 in 2017, the housing expenses for mortgage financing of a manufactured home on privately owned land amounts to 26 percent of income, making this the most affordable housing option. The next best affordable option is chattel financing of a manufactured home on leased land, with the debt to income ratio is 28 percent. Housing expenses for other options (Option 2, 4,5) are more than 30 percent of income, which makes a household cost-burdened .

Compared to manufactured home owners who lease the land (Option 1), manufactured home owners who own the land and obtain mortgage financing (via conversion of property as real estate) will be ahead by $155,900 in income and price appreciation gains after 20 years. Households who obtain chattel financing for a manufactured home on privately owned land (mortgage-financed) will be ahead by $35,900 compared to manufactured home owners who lease the land (Option 1).

The analysis shows that households will be financially better off owning a manufactured home on one’s own land and obtaining mortgage financing for the real property (house and lot).  However, most manufactured home owners do not title their property as real property. Although 68 percent of manufactured homes were sited on private property (32 percent in communities)— which could enable them to be titled as real property and hence eligible for mortgage financing— only 17 percent were titled as real property.  One reason is that manufactured homes are titled as personal property by default and homeowners must file for conversion of the chattel as a real property, and it appears that most manufactured homeowners do not opt to convert for a variety of reasons, perhaps relating to the perceived difficulties about the conversion process, or because they do not want to pay the higher property tax rates. More survey-based research on this area is needed to understand why manufactured homeowners don’t choose to convert their personal property into a real property.

Manufactured Home Regulations are Designed to Ensure Safety and Livability

The standards regulating the manufacture, transportation, and installation of manufactured homes have evolved and are vastly different from the poorer quality mobile/manufactured homes of the past.  The seminal regulation was the 1974 National Manufactured Home Construction and Safety Standards Act (the Act) that was enforced on June 16, 1974 by the Department of Housing and Urban Development (Title 24 Code of Federal Regulations Part 3280, Manufactured Home Construction and Safety Standards, or The Standards). The Standards pertained to body and frame construction requirements, thermal protection, plumbing, heating/cooling, fuel, electrical systems, and the transportation system. Under the Standards, all units shipped out of a manufacturing facility required a certification label, also called a “HUD label” or “red tag”, that certifies that the manufacturer built the home according to the Standards.[10]  Manufactured home standards include regulations that govern wind, roof load, and thermal standards specific to zones delineated by HUD. For example, manufactured homes going to wind II zone areas (typically hit by hurricanes) need to be built to withstand higher wind speeds, while manufactured homes going to areas that get heavy snowfall in the winter need to have roofs that can support a heavier amount of snow.[11]

Following the 1976 Standards, subsequent regulations in 1994[12], 2000[13], and 2010[14] further strengthened the product safety and quality, licensing and education of manufacturers and installers, and the dispute resolution for consumer complaints. These standards have resulted in little damage to manufactured homes caused by hurricanes, such as Charley (2004)[15], Katrina (2005)[16], and Dennis (2005).[17]

The damage assessment for Hurricane Katrina in Florida states:

The assessment found that of the 3,291 mobile homes located in the mobile home parks visited, only 12 were destroyed or were not repairable. Half of these homes were damaged by wind and the other half were damaged by falling trees. Generally, the homes damaged by wind had their roofs blown off. All the damaged homes were older homes built in the 1960s, 70s or 80s. None of the homes built after the 1994 revisions of HUD’s mobile/manufactured home construction standards received any significant damage. There was substantial flooding of some mobile home parks with water up to 12 to 18 inches. The water did not, however, get into the homes. No homes moved from their foundations.

New Manufactured Homes Can Be Designed to Look Like Traditional Homes

Today’s manufactured homes have designs and amenities that give them the look and feel of traditional site-built homes, from Cape Cod to Victorian styled-homes.[18] The Manufactured Housing Institute notes that floor plans range from basic to elaborate, with “vaulted or tray ceilings, fully equipped kitchens, walk-in closets and luxurious bathrooms”. Exterior siding can be “metallic, vinyl, wood or hardboard and stucco.” New roof designs are available, such as “pitched roofs with shingles and gabled ends.” Upgrades include “awnings, patio covers, decks, site-built garages and permanent foundations.”[19]

The total unit can vary in size, depending on whether the manufactured home is single-section (500 to 1200 square foot), double-section (1,000 to 1,200 square feet) or triple or multi-section (2,000+).  Thus, the double- or multi-section homes can be as big as traditional site-built homes. Customers can choose from a variety of floor plans to make the total unit resemble the look of a site-built home. Below are new manufactured home designs.

                                       Source: Jacobsen Homes

                                   Source: Clayton Homes

                                   Source: Champion Homes

    Source: Clayton Homes

 

In summary, tighter design and installation standards after 1976 have increasingly made manufactured housing safer yet affordable compared to site-built housing, at about half the cost of constructing a site-built home.  Manufactured homes are an affordable path to homeownership especially among lower-income households, as well as households seeking to purchase second homes for vacation or investor use. Another market may be retirees, who may be looking to spend less on monthly housing expenses rather than build equity.  Households who own the land and who opt to convert the title of the manufactured home from personal property (chattel) into real estate have the opportunity to build more wealth compared with households who own the manufactured home and rent the land (as in land lease parks), with the wealth gains arising from lower mortgage financing costs (compared to chattel financing) and from the appreciation of the land.

 

Appendix: Cost Calculations


[1] The Journal of the Center for Real Estate Studies, REALTOR® University, Vol 6. No.1, May 2018. https://realtoru.edu/wp-content/uploads/2018/07/NAR_RU_JCRES_Vol6No1_WebVersion_final.pdf.

The views in this research paper are of the author’s and should not viewed as the adopted policy of the National Association of REALTOR®.

[2] A manufactured home means a structure, transportable in one or more sections, which in the traveling mode is 8 body feet or more in width or 40 body feet or more in length or which when erected on-site is 320 or more square feet, and which is built on a permanent chassis and designed to be used as a dwelling with or without a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained in the structure. Source: Government Publishing Office, Electronic Code of Federal Regulations, https://www.ecfr.gov.

[3] Seasonally adjusted annual rate

[4] U.S. Census Bureau. with data provided by the Institute for Building Technology and Safety. The total may include shipments to Canada and Puerto Rico.

[5] In estimating the annual mobile/manufactured home costs, the U.S. Census Bureau includes personal property taxes, land or site rent, registration fees, and license fees on all owner-occupied mobile/manufactured homes. The U.S. Census Bureau calculates the “selected monthly owner cost” as the sum of payment for mortgages, real estate taxes, various insurances, utilities, fuels, mobile/manufactured home costs, and condominium fees.

[6] 2013 American Housing Survey National Tables, Table C-00-AH.

[7] The calculations in this blog are revised/updated calculations from the calculations in the May 2018 study.

[8] U.S. Census Bureau, Manufactured Housing Tables, Cost and Size Comparisons

[9]Consumer Financial Protection Bureau, Manufactured-housing Consumer Finance in the United States, September 2014, https://files.consumerfinance.gov/f/201409_cfpb_report_manufactured-housing.pdf. The Urban Institute estimate the difference between a chattel and mortgage rate at 441 basis points (Laurie Goodman and Bhargavi Ganesh, More Mortgages for Manufactured Housing Could Mean More Affordable Homes, Urban Institute, Housing Finance Policy Center for at https://www.urban.org/urban-wire/more-mortgages-manufactured-homes-could-mean-more-affordable-housing)

[10] Department of Housing and Urban Development, HUD Labels (Tags), https://www.hud.gov/program_offices/housing/rmra/mhs/mhslabels

[11] Department of Housing and Urban Development, Model Manufactured Home Installation Standards, https://www.hud.gov/sites/documents/225HUD.PDF

[12] Government Publishing Office, Federal Register / Vol. 63, No. 91 /Tuesday, May 12, 1998 /Rules and Regulations, Department of Housing and Urban Development, 24 CFR Part 3280, Manufactured Home Construction and Safety Standards: Metal Roofing; Interpretative Bulletin I–2–98, https://www.gpo.gov/fdsys/pkg/FR-1998-05-12/pdf/98-12341.pdf

[13] Department of Housing and Urban Development, Recent Program Activity, https://www.hud.gov/program_offices/housing/rmra/mhs/faqs72010

[14] U.S. Government Publishing Office, 24 CFR 3282 – Manufactured Home Procedural and Enforcement Regulations, https://www.gpo.gov/fdsys/granule/CFR-2010-title24-vol5/CFR-2010-title24-vol5-part3282

[15] Institute for Building Technology and Safety,http://www.aresconsulting.biz/publications/HurricaneCharley04.pdf

[16] Department of H Florida Highway Safety and Motor Vehicles, Mobile/Manufactured Home Damage Assessment from Hurricane Katrina, 2005. https://flhsmv.gov/pdf/dealerservices/mhdamage/hurricanekatrinareport.pdf

[17] Florida Department of Highway Safety and Motor Vehicles, Mobile/Manufactured Home Damage Assessment from Hurricane Dennis, July 20, 2005, https://www.flhsmv.gov/html/reports_and_statistics/mhd_reports/Hurricane%20Dennis%20Report.pdf

[18] Realty Times, “Mobile homes: Single Wide or Double Wide”, April 28, 2017,

https://realtytimes.com/advicefromagents/item/1001800-mobile-homes-single-wide-or-double-wide

[19] Manufactured Housing Institute, Manufactured Housing in the United States, http://www.manufacturedhousing.org/wp-content/uploads/2017/10/2017-MHI-Quick-Facts.pdf

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