The Future of Manufactured Homes: “Fiscally Responsible Housing Option”
During the recent National Congress and Expo for Manufactured and Modular Housing’ event, Tony Kovach had a chance to chat with Richard Jennison – someone who knows a little something about manufactured homes. As the President and CEO of the Manufactured Housing Institute and a recent inductee to the RV/MH Hall of Fame, Mr. Jennison expressed excitement regarding the upward trajectory of the manufactured housing market, stating “The industry is back!”
Joining The Manufactured Housing Institute back in early 2012, Richard Jennison acts as the intermediary between the federal government and the industries activism efforts. Fighting on behalf of all sectors within the manufactured housing industry. Mr. Jennison is a seasoned veteran at the negotiations game, having served in senior management positions with Amtrak, MCI, Citizens Bancorp, Omni Solutions Group, and the Brick Industry Association.
From his attendance at the National Congress and Expo, Jennison announce that there was an notable turnaround for the manufactured housing industry. When ask about the amount of new capital flowing into the prefabricated housing industry, Richard noted that there is more interest and capital than most even realize – approximately $1-$2 billion. “People are looking to invest, they see it as a value and we are going to see a lot more money coming in.” Highlighting the fact that billions of dollars of new capital are starting to focus on the manufactured housing communities, viewing them as a “fiscally responsible housing option”.
So when considering your options, listen to the experts and see the value you will get when choosing a manufactured home.
Have a Wonderful Holiday!