Modular-HUD Code hybrids, now under development at Clayton, and new mortgage finance model could reignite access to aesthetically compelling $150,000 new homes.
By John McManus | Builder
America’s great experiment in housing of the past eight years may have reached an inevitable conclusion.
The experiment’s hypothesis, roughly, was this. Households with discretionary means, buying highly-valuable new move-up and second-time move up homes, and renting–by choice–high-end apartments could not only generate faster returns on real estate capital investment, but could self-perpetuate. We’re now witnessing how that’s working out.
18 million job holders added to payrolls in the last nine years–most of whom have nowhere to go in the American new housing business equation–may have gotten their foot in the door to social and economic mobility, but they’re beginning to wonder whether they’ll actually get into the full virtuous cycle of reward for hard work.
