Thanks for replying.
To the first sentence, I’m not sure what you are asking as I’m not aware of any “official” designation of the word “prefab,” although HUD Manufactured Homes are “prefabricated,” and modular, while prefabricated, are an entirely different ballgame. I believe these homes will be sold as real property, (home and land together) as opposed to a land lease community.
Clayton used the word “Prefabulous” in its huge ad campaign ( - YouTube ) for their homes (the ads show a home that meets the criteria for special financing from Fannie and Freddie which allows buyers to get 30 year loans with the same interest rate as stick built homes. These homes are called MH Advantage and Freddie’s program is Choice Home. Here is a video on Freddie’s loan program: Freddie Mac CHOICEHome℠ Mortgage Offering - YouTube ).
I think “HUD mobile homes” is a misnomer at best and a pejorative at worst as they are typically called manufactured homes (although I realize many people still use the “mobile home” when speaking of them). If you mean will they meet the HUD guidelines I’m not sure how they couldn’t (unless they were “modular” homes which would be an entirely different set of guidelines). But it does raise a good questions: where will these homes be produced? At a Clayton or Legacy factory or a factory Megatel is ramping up?
To your comment labelled “1” They actually are now, and have been building new communities. But records will show you that they are few and far between and the older communities being sold for “highest and best use” and turned into something other than a manufactured home community outnumber the new ones being built. One excellent example of a new community being built is happening in Washington State being built by Ryan Gibson and Spartan Investment Group. Some have been built by others in Texas (Roberts Communities) and Louisiana (Southern Choice Properties) just to name a few. But yes, they are few and far between.