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Facts
and Figures: What Manufactured Housing Means to Georgia
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The
manufactured housing industry provides both homes and jobs for many
Georgians. Here's a look at
the industry's housing and economic impact.
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Housing Impact:
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H
Over
one million Georgians live in manufactured homes. |
H
One
in five single-family housing permits in Georgia is for a manufactured
home. |
H
The
average price of Georgia's manufactured home is $42,000 without land.
(The cost per square foot is lower than site built homes because
of the efficiencies of the factory process.) |
H
Over
60% of manufactured homes sold in Georgia are placed on private
property, and the average size of a new manufactured home is
approximately 1,600 square feet. |
H
The
average manufactured home owner in Georgia is 48 years old and has
a household income of $29,400. |
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H
Less than 6% of manufactured homes are ever
moved from their original site. |
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Economic Impact:
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Beyond providing homes to many
Georgians, the manufactured housing industry employs thousands of
Georgians.
For decades the industry has produced good homes and good jobs.
This prosperous and vital combination has helped fuel Georgia's
economic engine. Here is a glimpse of what the manufactured housing
industry means to the Georgia economy. |
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Building
Homes Helps Build the Economy:
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Georgia
is the second leading state in the nation in the production of manufactured homes.
In 2001, Georgia manufacturers produced over 20,000 homes. |
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As
of May 2002, there were 19 manufacturing plants in Georgia.
Over 90% of the plants are located in South Georgia.
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Approximately
50,000 Georgians are employed by the manufactured housing
industry. |
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The
average hourly wage of a production worker in a manufacturing facility
is $12.50 |
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Selling
Homes Helps
Drive the Economy:
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Georgia
has over 600 retail sales locations throughout the state.
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There
are over 1,000 manufactured housing related businesses in the state.
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In
2000, the Georgia manufactured housing industry benefited other
industries in the State: More than $100 million in doors,
windows, cabinets and appliances; more than $135 million in
carpeting/floor coverings, wallboard, insulation, vinyl siding
and shingles; more than $56 million in heating, cooling,
electrical and plumbing supplies and more than $60 million in
nails, hardware molding and painting materials. |
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In
2000, Georgia manufacturers bought over $223 million in lumber and
plywood, and over $47,000,000 in roof truss systems and roofing
materials. |
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The
Big Picture:
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The
manufactured housing industry in Georgia has an economic impact on the in excess of
$3.3 billion dollars. |
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*Data
in this fact sheet is based on the following sources: Foremost
Insurance Study, The Market Facts 1999; Owen Corning
Study 1998; Thomas E. Nutt-Powell, David Hoaglin and Jonathan
Layzer, Residential Property Value and Manufactured Homes,
Working Paper 86-1; Joint Center for Housing Studies of the
Massachusetts Institute of Technology and Harvard University
1986. |
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