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Manufactured housing: A home that the law still treats like a car Febrary 2005 Executive Summary Sidebars: Charts: Director Author Editor For more information, contact: Kathy Mitchell, Rafael Ayuso, This report was funded in part by a grant from the Ford Foundation. Click here to find out more about manufactured housing.
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“Drew Industries, Inc., a supplier of manufactured housing components, reported in August, 2004 that the manufactured housing industry production levels were the lowest in 40 years. However, retail sales of manufactured homes have not declined as much as the production of new homes, indicating that the resale of repossessed homes represents much of the homes sold in the market. Instead of selling new homes, retailers have been struggling to deplete the fleet of repossessed homes on their lots. Almost 50 percent of retail sales in the last several years have been filled by inventory reductions by dealers and manufacturers, and the resale of repossessed homes, rather than new production. It has been estimated that approximately 90,000 to 100,000 manufactured homes were repossessed in each of the last three years, far in excess of historical repossession levels.” Source: Form 10-Q for Drew Industries, Inc. 9-Aug-2004.
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 Consumers Union Offices: Communications Office, New York - Washington Office West Coast Office - Southwest Office - Consumer Policy Institute
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