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Mobile homes surge as a housing option in recession
New York AP reports a robust mobile home market amid a credit squeeze. First quarter 1969 sales rose 51 percent while private housing starts fell 5 percent. Analysts say low cost, quicker financing, and better park amenities attract young couples and retirees, with lenders increasingly confident in mobile home loans.
MENTIONED IN THIS ARTICLE
New York
Richard Keim
Goodbody & Co
Keim
William Nelson
Moody's Investory Services Inc
Mobile Home Manufacturers Association