A Hedonic Price Comparison of Manufactured and Site-Built Homes in the Non-MSA United States

Abstract

This research used the hedonic price technique to focus on a housing characteristic that has been studied infrequently: whether a home is site-built or manufactured. Two hedonic price regression models were used to determine the predictive power of construction type on home price. The first, which controlled for factors found to relate to home prices in previous research, showed a significant difference between the prices of the two types of homes. The second, which also included other variables through a stepwise regression, found that the type of construction had more predictive power than any other explanatory variable in the model