After years of elevated real estate prices, mortgage rates, and rents, the housing affordability crisis in the U.S. is more apparent than ever. Policymakers, economic experts, and everyday households continue to search for solutions to ease the financial burden of securing housing. One option gaining renewed attention is manufactured housing.

Manufactured housing includes homes that are prefabricated in a factory and then transported to their final locations. Due to their simplified designs and more cost-effective materials, manufactured homes are often significantly less expensive to produce than site-built homes. According to a recent report from the Manufactured Housing Institute, the average cost per square foot of a manufactured home is $87—nearly half the $166 per square foot cost of a traditional site-built home.

Originally published on constructioncoverage.com, part of the BLOX Digital Content Exchange.

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