You’ve heard of the Millennials. The good, the bad and the ugly. But what you probably haven’t heard is that Millennials are choosing to live in manufactured homes rather than site-built homes. Why is this trend happening?
1. Millennials Came-of-Age At the Height of Economic Depression
When Millennials were entering the workforce they were doing it at the height of the depression. Many struggled to find jobs in their industry, forcing them to accept any job that came their way. Although the economy seems to be pulling through, many Millennials are looking to be more conservative with their money, eschewing living beyond their means.
2. Millennials Are Looking to Live in Smaller Homes
This generation of individuals get a bad rap for wanting everything “now”. One credit we can give this up-and-coming people is that they are treading much more lightly on the earth than previous generations. They are looking for homes that are smaller and more reasonably priced. They are not as concerned with large homes, often looking to purchase homes less than 900 square feet.
3. Millennials Are going Green
Manufactured homes today are producing less waste and are more energy-efficient than site-built homes. For many people in the younger generation, this is a huge draw. As manufactured homes start to lose their stigma, Millennials are beginning to realize that these might be the perfect dwellings for their needs. Plus the energy-efficient homes often save on monthly costs as well.
4. Millennials Don’t Get Wrapped Up in Labels
This generation is probably among the least concerned with labels. This makes them an ideal buyer for manufactured homes. Unfortunately, this type of home has gotten quite a bad reputation, and it’s one that many can’t seem to shake. Luckily, millennials are a group who isn’t interested in labels, therefore, they see manufactured homes for what they are: affordable, green, great places to live.
5. Millennials Aren’t Interested in the American Dream
Owning a home is part of the American dream, but that home has to be a 4 bedroom, 2 bathroom, 2 car garage with a pool and a place for the dog to run. For the Millennial, the American dream is a wide-open road with plenty of options and variances. They means they see the potential in living in a manufactured home. They see the dream in those walls, they see a future. They see a place they can call their own without strapping their savings. And that is something to get excited about.