The U.S. housing market is facing its second consecutive year of sluggish sales due to low inventory, high prices, and persistent interest rates.
From 2018 to 2023, the average sale price of new manufactured homes rose about 58 percent to $124,300, outpacing the nearly 38 percent rise for single-family homes.
While mobile homes are becoming more expensive, certain states like Kansas see dramatic increases of nearly 85 percent in the last five years, highlighting regional disparities in market trends.
In 2023, the average sale price of mobile homes in Washington reached $164,100, significantly higher than the national average and indicating high demand in western states.
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