Hindsight: Manufactured Housing is Affordable

Listening to a conference call from UMH Properties (formerly United Mobile Homes) in Sept. 2007 is uncanny. “Next year at this time, affordable housing is going to be the number one political issue in this country,” says UMH founder and President Eugene Landy. “People are not going to be able to get mortgages, they are not going to be able to buy homes. They are going to have to buy housing that they can afford.

Landy believes that manufactured housing stands to gain from these changes.  People still need housing, due to the expanding population.

“It is going to be a trend for our industry,” he says. “The Federal Reserve numbers are that people are (more…)