Articles
See below recent OMHA Events and News
High Price Mortgage Loan Appraisal Rules & Valuation Tools By Sherrie Clevenger, Managing editor of NADA guides Regulatory changes for manufactured housing appraisals are looming. On July 18, 2015 appraisal requirements for financed manufactured home transactions will change. Lenders will have several options to meet these requirements; and, this article shares what retailers and community owners need to know. Many people consider the Dodd-Frank Act of 2010 to be one of the most complex pieces of legislation ever written. The
Read more →
CFPB Report Validates Manufactured Housing Industry Calls for Regulatory Relief Bureau’s findings show potentially significant loss of credit available to consumers and disparate impact of regulations on manufactured housing over site-built counterparts Washington, DC—On September 30, the Consumer Financial Protection Bureau (CFPB) released its report Manufactured-housing consumer finance in the United States to provide “a comprehensive understanding of manufactured housing and its financing.” The report highlights differences in costs and financing available between the site-built and manufactured housing markets, as
Read more →CityScapes at Mills of Carthage When the City of Cincinnati, Ohio, decided to revitalize the neighborhood known as Carthage by relocating an industrial plant, it chose to redevelop the site with new, affordable housing. However, like countless other cities across the nation, it faced a major dilemma. Local homebuilders were either unable or unwilling to build homes on the site that met the pricing and architectural guidelines established by city officials. That’s when the manufactured and modular housing industry stepped
Read more →
Planned neighborhoods replace yesterday’s trailer parks Turning onto the street, you see brick patios, decks, stone and brick exteriors, biking and walking paths, and golf courses. There’s a luxurious clubhouse surrounded by a pool, tennis courts and a playground area. Sound like an upscale, suburban subdivision or condominium community? Maybe. Or, it could be a new manufactured home community. That’s what is being developed for manufactured homes purchased today. Residents pay a monthly lot rental fee, which often covers services
Read more →
The inspection system for manufactured homes It can generally be acknowledged that a building code is only as good as the enforcement system that accompanies it. The manufactured home enforcement program required by the U.S. Department of Housing and Urban Development (HUD) is a thorough and efficient system designed specifically for the factory production environment. Because the factory pace differs from that of the construction site, the manufactured home enforcement system is necessarily different too. The goal in both cases,
Read more →
Glossary of Industry Terms Manufactured Home A home built in a controlled, factory environment on a permanent chassis that is designed to be used with or without a permanent foundation when connected to the required utilities. Manufactured homes are built to the federal Manufactured Home Construction Safety Standards enforced by the U.S. Department of Housing and Urban Development. Manufactured homes are constructed in sections and are delivered to the home site in one, two, or occasionally, three sections; they may
Read more →
The Myths: Wrong Ideas About Manufactured Homes Manufactured homes have come a long way since their “trailer” days. These affordable, factory-built homes offer more quality and style than ever before. New homeowners can virtually custom design their homes with the seemingly endless list of options available. Over 22 million people across the country have decided to make a manufactured home their way of life, and by the time you finish reading this article, you may make the same decision. You’ll
Read more →
OMHA Fact Sheet What: Ohio Manufactured Homes Association Purpose: A non-profit organization with a strategic vision that strives to make manufactured housing a standard way of life in Ohio. OMHA represents the interests of manufacturers, retailers, community owners and service providers to the manufactured housing industry in Ohio. Mission: To help people experience the lifestyle associated with home ownership in the most economical way. Whether it’s in a planned community or on private property of the consumer’s choice, manufactured homes
Read more →
Manufactured homes meet a variety of housing needs Manufactured homes are the fastest-growing type of housing in the U.S. for two reasons: affordability and value. This type of housing is the answer for thousands of Ohio residents who haven’t been able to qualify for their own homes at today’s prices. With site-built housing costs averaging $164,217 (without land), many residents are priced out of the market, especially if they are young, or have single or fixed incomes. With household composition
Read more →
Inside a manufactured home There are two ways to build a home. Outdoors in the elements … where materials, workers and the entire homebuilding process are at the mercy of Mother Nature. Workers are limited to the use of only basic tools. It’s also a place where construction can come to a halt for long periods of time because of the shortage of workers, or weather conditions. Or, you can choose to have your home built in a controlled, modern
Read more →