The Senate is preparing to pass substantial housing policy reforms designed to increase the availability of manufactured homes, which are vital for affordable housing, especially in rural areas. A significant reform will eliminate the outdated requirement for manufactured homes to have a steel trailer chassis, reducing costs and enabling greater flexibility in construction. This change is expected to lower home prices significantly and address the current housing shortage, particularly benefiting young families and elderly individuals seeking affordable housing options.
On day one, chassis reform cuts $10,000 off a type of home that is already sold in the market in the hundreds of thousands. There's not a lot else that Congress can do in one fell swoop to cut 10% off the price of any home.
Manufactured homes offer some of the most affordable options on the market, particularly in rural and exurban contexts. They're often starter homes for young families and accessible housing for older people.
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