As the Michigan home market continues to improve, lenders say they are seeing more millennials, those in their 20s to 30s, now buying homes, comprising 31 percent of home buyers. The uptick is reaching the manufactured housing (MH) market as well. As digitaljournal.com reports, Sharon Crowe of Parkhurst Homes in Oxford, MI says, “We are definitely seeing an increase in manufactured home buyers in their 20s to 30s. Most of the time, they have young children and they are looking for homes with 3 bedrooms and 2 baths.”

Noting that first-time MH buyers are getting younger and younger, Andy Blank of Franklin Homes in Belleville, MI touts the value of living in a manufactured home community: “A community can be a great place for a young first time buyer. It allows them to have a place of their own while still having all the amenities that can’t be found in most site-built homes, such as a pool, clubhouse and planned activities.” As the Michigan Manufactured Housing Association (MMHA) tells MHProNews, with an average sales price of $31,696, loan payments for an MH might be less than renting an apartment. ##

(Photo credit: chronicle.augusta.com–Millenials with manufactured home)