A Rapidly Growing Housing Market
The rising popularity of site-set homes is attributed to several factors. Today's site-set homes are far more modern than those built just a decade ago. Manufacturers strive to exceed consumer expectations with a large variety of floor plans - averaging 1,400 square feet - that offer custom features such as cathedral ceilings, wood-burning fireplaces, whirlpool baths, bay windows, and attached garages.
Owners of site-set homes enjoy all the comforts found in site-built homes, while realizing significant savings. These homes can be purchased at savings of 20 to 50 percent over comparable site-built homes, thanks to the efficiencies of factory production.
Site-set home communities afford a lifestyle that is especially attractive to individuals who want to be near people who share their same interests. With some communities offering resort-style amenities including golf courses, tennis courts, and swimming pools, residents can enjoy a country club lifestyle at an affordable price. Most of these communities offer a wide range of planned social and recreational activities, creating a strong sense of community among residents.
The financial community has increasingly recognized site-set homes as solid investments over the last decade. Home buyers are finding a greater availability of financing and enjoying longer loan terms on their new homes than ever before.
As site-set housing becomes more popular, the industry, supported by numerous consumer groups and government agencies, has undertaken several major initiatives that will further enhance the construction, installation and safety of these homes. These efforts are consistent with the industry's overall mission to increase home sales and market share by focusing on customer satisfaction.