HUD released its Next Generation Manufactured Housing Action Plan on October 7, which carries out the 21st Century ROAD to Housing Act and ends a permanent chassis mandate that added as much as $10,000 per unit. The agency plans to develop a federal performance-based code for buildings with five or more units, which could open a repeatable multifamily construction framework.
Why it matters to multifamily marketers
If modular production becomes cheaper and more standardized, the supply mix in a marketer's trade area could shift within a few years, so watch which operators adopt it and plan how to position older stock against it.