Is There a Lumber Shortage in Texas?

February 1, 2022By American HomestarFeatured, Retail

Is There Really a Lumber Shortage in Texas?

Yes, there is a lumber shortage. Something to ponder, as a kid all you needed was a big cardboard box, some markers, and some scissors and you could turn it into a house, right? Of course, as you got older you realized that there were no two ways around it – you needed wood and lots of it to build your dream home. Up until the pandemic hit, there was plenty of lumber to go around but these days there is NOT! The lumber shortage is being caused by several factors.

Why is There a Lumber Shortage?

To put it simply, there is a lumber shortage because more consumers and businesses want lumber than what is available to buy. A lumber shortage is being triggered by the laws of supply and demand, mother nature, mountain pine beetles, COVID-related work shortages, a vaccination mandate, and supply-chain issues.

Increased Consumer Demand

Is there a lumber shortage

Consumers and businesses including home builders want lumber.

Low Housing Inventory

Despite the median home price rising nearly 19% from November 2020, housing is in high demand. While new site-built home sales are down, the inventory of existing homes is at historic lows. The pandemic has pushed more families into suburban areas looking for housing. Many people are flocking to Texas because housing is less expensive, there isn’t a state tax, and property taxes are lower than in other states. Texas is the fastest-growing state in the country according to U.S. Census. 29,527,941 people were living in Texas in 2021.

Is there a lumber shortage

A surge in DIY Projects

Additionally, consumers want wood for DIY projects. At the beginning of the pandemic, most of us were forced to stay home and stare at the same four walls day in and day out. This caused us to hone in on every flaw we could find and just want something better or even new or different to look at! That has fueled more DIY projects than ever before. Now that more and more employees are working from home – it is fueling a new surge of DIY projects.

Is there a lumber shortage

Less Lumber Production

As new and emerging COVID variants sweep across the world people become exposed, test positive, even get sick. Depending upon the severity of a person’s symptoms, that leaves them unable to work for several days, even weeks. This affects how the workforce, including timber mills, operates. Fewer mill workers working means less lumber production.

Why is There a Reduced Supply of Lumber?

So, what can’t more lumber just be milled? Pre-pandemic the answer would have been easier to answer. There is a reduced supply of lumber for several reasons.

Recent British Columbia Wildfires

First, nearly 300 wildfires burned across British Columbia in July of 2021. This curtailed the softwood industry. This is problematic because British Columbia is not only a major lumber producer, but it exports over half of its lumber to the U.S.

Recent British Columbia Flooding

Then, came the rain, which poured across British Columbia, and turned into flooding. That affected British Columbia’s lumber industry and the supply of wood the province sends to the U.S. as roads were washed away.

Mountain Pine Beetle Infestation

Blame another factor on climate change. An increasing mountain pine beetle population over the past 10 years or more is being blamed for destroying 15 years of log supplies in British Columbia.

Is there a lumber shortage

What about other Lumber Suppliers?

So, why can’t wood be harvested, milled, and delivered from somewhere else? You’re right British Columbia isn’t the only lumber supplier. 16% of the U.S.’s lumber supply comes from Oregon. But the production supply there is also low due to COVID work-related shortages.

Lumber Delivery and Supply Chain Issues

COVID-related work shortages are also affecting the delivery of any lumber that is being produced both in Canada and the U.S. In Canada, there are other supply chain issues as well.

Is there a lumber shortage

Trucker Shortage

First, there is a driver shortage that’s only made worse by the pandemic. Right now, the American Trucking Association says that about 80,000 driver jobs need filling! The ATA estimates that by 2030 the number of drivers needed to deliver lumber and goods could double to 160,000.

COVID-Vaccination Requirement in Canada

Second, in mid-January of 2022, Canada began requiring any truckers arriving from the U.S. to be fully vaccinated against coronavirus. The Canadian COVID-19 vaccination requirement leaves fewer drivers behind the wheel.

Tariff on Softwood Lumber Producers

Third, there’s a tariff. Late last month, the U.S. Commerce Department confirmed that in 2022 it will impose a nearly 18% tariff on imports of Canadian softwood lumber producers. That’s more than twice the rate of 8.99% during the Trump administration.

How Has the Lumber Shortage Impacted the Price of Manufactured, Modular & Mobile Homes?

The lumber shortage has driven up the price of wood. This coupled with the need for more housing has driven up the price of site-built homes, as well as manufactured, modular, and mobile homes. Every time lumber costs more, home prices increase. For many, site-built homes are now out of their budget. In 2021, The average price of a single-family home increased by nearly $30,000 according to the National Association of Home Builders. In North Texas, the median price of single-family homes reached $353,000 – up 20% in 2021. The National Association of Realtors predicts housing prices will continue to climb by 5.7% in 2022. With inflation on the rise and higher interest rates on the way, consumers are looking for alternatives. These include mobile homes, manufactured homes, and modular homes.

When Will the Lumber Shortage End?

The ebb and flow of lumber production have been coinciding with the state of the pandemic. When the pandemic is heightened there is less lumber production. When the pandemic is less heightened there is more lumber production. So, at times since the pandemic began, lumber production has stabilized only to go back to low stock. Additionally, when weather conditions like wildfires and flooding hit, the lumber production supply and delivery chain are also affected.

Lumber Prices Moving Forward

Experts expect lumber prices to continue to rise in 2022. There are many reasons behind this theory. The main one is COVID-19. When new virus variants emerge and sweep across the world, it ultimately leaves a good number of folks sick or positive with COVID and unable to work. So that means less of a lumber production supply. That leaves stocks low, which drives lumber prices up. A heightened pandemic also means that there are fewer healthy people to deliver lumber to where it needs to go. Add in a driver shortage, imposed tariff on softwood lumber producers, and increased lumber demand by consumers wanting homes, and you see why lumber prices are only destined to go up.

Is there a lumber shortage

Summary

Yes, there is a lumber shortage. The lumber shortage is being fueled by high consumer demand, weather-related production issues, COVID-related workforce shortages, a vaccine mandate, and a trucker shortage in Canada. Experts expect the lumber shortage to continue into 2022, along with higher lumber prices.

Now, while playing in a makeshift house made from a cardboard box may have been fun as a kid… Oak Creek Homes realize that more is needed in putting a roof over your head! This includes quality materials, like lumber, and solid heavy construction. Oak Creek Homes offers 100+ floorplans to choose from. We have manufactured home and modular home floorplans for every style, taste, and budget. Despite the lumber shortage, we can get our hands on lumber. As of today, we can not only build your home but get it to you in as little as 2 months. You can get a move-in-ready display model even faster!

CONTACT US

Contact us today to tour our homes in person. Don’t wait – as experts expect lumber prices to continue to increase due to shortages and high demand. That means home prices will continue to increase as well.

Manufactured Home Builder Oak Creek Homes has been building heavy homes for over 50-years!

The post Is There a Lumber Shortage in Texas? appeared first on Oak Creek Homes.

Is There a Lumber Shortage in Texas?

February 1, 2022By American HomestarFeatured, Retail

Is There Really a Lumber Shortage in Texas?

Yes, there is a lumber shortage. Something to ponder, as a kid all you needed was a big cardboard box, some markers, and some scissors and you could turn it into a house, right? Of course, as you got older you realized that there were no two ways around it – you needed wood and lots of it to build your dream home. Up until the pandemic hit, there was plenty of lumber to go around but these days there is NOT! The lumber shortage is being caused by several factors.

Why is There a Lumber Shortage?

To put it simply, there is a lumber shortage because more consumers and businesses want lumber than what is available to buy. A lumber shortage is being triggered by the laws of supply and demand, mother nature, mountain pine beetles, COVID-related work shortages, a vaccination mandate, and supply-chain issues.

Increased Consumer Demand

Is there a lumber shortage

Consumers and businesses including home builders want lumber.

Low Housing Inventory

Despite the median home price rising nearly 19% from November 2020, housing is in high demand. While new site-built home sales are down, the inventory of existing homes is at historic lows. The pandemic has pushed more families into suburban areas looking for housing. Many people are flocking to Texas because housing is less expensive, there isn’t a state tax, and property taxes are lower than in other states. Texas is the fastest-growing state in the country according to U.S. Census. 29,527,941 people were living in Texas in 2021.

Is there a lumber shortage

A surge in DIY Projects

Additionally, consumers want wood for DIY projects. At the beginning of the pandemic, most of us were forced to stay home and stare at the same four walls day in and day out. This caused us to hone in on every flaw we could find and just want something better or even new or different to look at! That has fueled more DIY projects than ever before. Now that more and more employees are working from home – it is fueling a new surge of DIY projects.

Is there a lumber shortage

Less Lumber Production

As new and emerging COVID variants sweep across the world people become exposed, test positive, even get sick. Depending upon the severity of a person’s symptoms, that leaves them unable to work for several days, even weeks. This affects how the workforce, including timber mills, operates. Fewer mill workers working means less lumber production.

Why is There a Reduced Supply of Lumber?

So, what can’t more lumber just be milled? Pre-pandemic the answer would have been easier to answer. There is a reduced supply of lumber for several reasons.

Recent British Columbia Wildfires

First, nearly 300 wildfires burned across British Columbia in July of 2021. This curtailed the softwood industry. This is problematic because British Columbia is not only a major lumber producer, but it exports over half of its lumber to the U.S.

Recent British Columbia Flooding

Then, came the rain, which poured across British Columbia, and turned into flooding. That affected British Columbia’s lumber industry and the supply of wood the province sends to the U.S. as roads were washed away.

Mountain Pine Beetle Infestation

Blame another factor on climate change. An increasing mountain pine beetle population over the past 10 years or more is being blamed for destroying 15 years of log supplies in British Columbia.

Is there a lumber shortage

What about other Lumber Suppliers?

So, why can’t wood be harvested, milled, and delivered from somewhere else? You’re right British Columbia isn’t the only lumber supplier. 16% of the U.S.’s lumber supply comes from Oregon. But the production supply there is also low due to COVID work-related shortages.

Lumber Delivery and Supply Chain Issues

COVID-related work shortages are also affecting the delivery of any lumber that is being produced both in Canada and the U.S. In Canada, there are other supply chain issues as well.

Is there a lumber shortage

Trucker Shortage

First, there is a driver shortage that’s only made worse by the pandemic. Right now, the American Trucking Association says that about 80,000 driver jobs need filling! The ATA estimates that by 2030 the number of drivers needed to deliver lumber and goods could double to 160,000.

COVID-Vaccination Requirement in Canada

Second, in mid-January of 2022, Canada began requiring any truckers arriving from the U.S. to be fully vaccinated against coronavirus. The Canadian COVID-19 vaccination requirement leaves fewer drivers behind the wheel.

Tariff on Softwood Lumber Producers

Third, there’s a tariff. Late last month, the U.S. Commerce Department confirmed that in 2022 it will impose a nearly 18% tariff on imports of Canadian softwood lumber producers. That’s more than twice the rate of 8.99% during the Trump administration.

How Has the Lumber Shortage Impacted the Price of Manufactured, Modular & Mobile Homes?

The lumber shortage has driven up the price of wood. This coupled with the need for more housing has driven up the price of site-built homes, as well as manufactured, modular, and mobile homes. Every time lumber costs more, home prices increase. For many, site-built homes are now out of their budget. In 2021, The average price of a single-family home increased by nearly $30,000 according to the National Association of Home Builders. In North Texas, the median price of single-family homes reached $353,000 – up 20% in 2021. The National Association of Realtors predicts housing prices will continue to climb by 5.7% in 2022. With inflation on the rise and higher interest rates on the way, consumers are looking for alternatives. These include mobile homes, manufactured homes, and modular homes.

When Will the Lumber Shortage End?

The ebb and flow of lumber production have been coinciding with the state of the pandemic. When the pandemic is heightened there is less lumber production. When the pandemic is less heightened there is more lumber production. So, at times since the pandemic began, lumber production has stabilized only to go back to low stock. Additionally, when weather conditions like wildfires and flooding hit, the lumber production supply and delivery chain are also affected.

Lumber Prices Moving Forward

Experts expect lumber prices to continue to rise in 2022. There are many reasons behind this theory. The main one is COVID-19. When new virus variants emerge and sweep across the world, it ultimately leaves a good number of folks sick or positive with COVID and unable to work. So that means less of a lumber production supply. That leaves stocks low, which drives lumber prices up. A heightened pandemic also means that there are fewer healthy people to deliver lumber to where it needs to go. Add in a driver shortage, imposed tariff on softwood lumber producers, and increased lumber demand by consumers wanting homes, and you see why lumber prices are only destined to go up.

Is there a lumber shortage

Summary

Yes, there is a lumber shortage. The lumber shortage is being fueled by high consumer demand, weather-related production issues, COVID-related workforce shortages, a vaccine mandate, and a trucker shortage in Canada. Experts expect the lumber shortage to continue into 2022, along with higher lumber prices.

Now, while playing in a makeshift house made from a cardboard box may have been fun as a kid… Oak Creek Homes realize that more is needed in putting a roof over your head! This includes quality materials, like lumber, and solid heavy construction. Oak Creek Homes offers 100+ floorplans to choose from. We have manufactured home and modular home floorplans for every style, taste, and budget. Despite the lumber shortage, we can get our hands on lumber. As of today, we can not only build your home but get it to you in as little as 2 months. You can get a move-in-ready display model even faster!

CONTACT US

Contact us today to tour our homes in person. Don’t wait – as experts expect lumber prices to continue to increase due to shortages and high demand. That means home prices will continue to increase as well.

Manufactured Home Builder Oak Creek Homes has been building heavy homes for over 50-years!

The post Is There a Lumber Shortage in Texas? appeared first on Oak Creek Homes.

Can You Customize a Manufactured Home?

January 11, 2022By American HomestarFeatured, Retail

As a kid, we quickly learned that we could customize a home built with LEGO® Bricks, Lincoln Logs, and even decorate a Barbie ® Dreamhouse just like we wanted it! But can you have a custom manufactured home? The simple answer is yes. Oak Creek Homes understands that details, features, and design options make a difference. This is why we not only offer a variety of floorplans that come with standard luxury features but also offer customization options for select homes so that you can design your own mobile home to your preference.  Our mission is to personalize your home shopping experience so that your dream home is made specific to your needs.

Design Your Own Manufactured Home

You may be surprised to find that there are opportunities to customize a manufactured home to your liking, but the reality is that the dynamics of manufactured homes are changing every day. Oak Creek is prepared to assist in building your dream home from beginning to end. With over one hundred different customization options to choose from – the outcomes are endless. From modern farmhouse to coastal looks, be in control of your home’s aesthetic.

custom manufactured home smart cottage swan

Floor Plans

Deciding the perfect floorplan is typically where our customers start when picking out a home. The floorplan provides an exact layout of the home’s interior, and some may consider this one of the most important factors. If you are not in love with the floor plan, you may easily eliminate the home from your list of options right off the bat. Oak Creek has tackled this issue by designing almost every floor plan imaginable for a mobile home which can be viewed here (oakcreekhomes.com). Though we’re confident in our selections, small (HUD-approved) changes in the floorplan are made possible in select homes.

Kitchen Options

The kitchen is often considered the heart of the home where families can gather after a long day. Those who enjoy cooking will need a functional and appealing place to prepare their meals. Cabinet finishes and sizes are one of many custom features that can be picked by you! We can also provide large farmhouse sinks and countertops of your choice. With over 20 kitchen options, we are sure our designers can arrange a kitchen to suit your needs. Choose your favorite backsplashes and kitchen islands and allow us to shape your kitchen into a space you’ll never want to leave.

custom manufactured home kitchen Custom manufactured home kitchen Beaumont cuistom manufactured home kitchen Southern Comfort

Living Rooms

Whether you’re hosting a Super Bowl party or a sleepover for the kids, the living area is an essential piece to making your house a home. Oak Creek values the importance of family and offers many living room options to best fit your needs. A few homes even offer two living spaces for our customers with larger families. A few more customization options include built-in entertainment centers, ceiling beams, and fireplaces to help bring your custom-made mobile home together.

custom manufactured home living room Rose custom manufactured home living room Opal custom living room Silver Spur custom manufactured home Southern Comfort Fireplace

Designing The Exterior of Your Own Manufactured Home

With the exterior portion of your home being the first thing people will see, some may want to start here in the customization process. Oak Creek provides a variety of architectural themes for our customers to choose from. One is the exterior color of the home. Our designers can assist in picking the perfect color for your style and environment. The siding of the home and dormers are also important elements that can assist in upgrading your home and set it apart from other homes nearby.

custom manufactured home Rose

Color

In the past, you may find that the colors of manufactured homes have been somewhat similar in range. Oak Creek made it a point to change that by offering an array of colors to choose from. If you want to set your home apart from the rest, the color will certainly make a statement.

Porch

Porches symbolize the spirit of America and can bring a home together. Several Oak Creek homes include porches, and the options are plentiful. The first is a covered wraparound porch, which offers plenty of space for socializing and family bonding. If you are more interested in using your porch to relax and enjoy your morning coffee, a porch swing may be exactly what you need. In addition, back porches can be built on select homes for those who want or need the extra space.

custom manufactured home porch custom manufactured home olivia

Roof and Siding

The roofing and siding of a home are both very important details in designing your custom-built mobile home. Get the look you want starting with hardboard siding. Hardboard siding is not only decorative but also is a great way to protect your home from bad weather. Oak Creek Homes uses this treated engineered wood siding product because it is stronger, more durable, and stable than vinyl siding and other inferior siding productions. This quality material holds up to tough weather conditions. It resists twisting, warping, and cupping. There are other distinctive features to consider including chalet-style dormers, radiant barrier roof decking, even metal roofing. No matter your request, Oak Creek makes customizing your manufactured home’s exterior all about fitting your personal style.

custom manufactured home porches

Now that you’ve gotten an opportunity to learn about Oak Creek’s customization options, it’s time to begin the process of designing your new custom home. First on your list of things to do is choosing a floor plan. Just like when you were a kid building with LEGO® Bricks or Lincoln Logs, deciding on your floor plan’s design is the first piece to designing your dream home.  Check out our large selection of homes, we offer over 100-floor plans here. Once you’ve done some window shopping online we encourage you to see our homes in person along with all your design options.

Contact us to Schedule a Visit or Tour

Ready to schedule a tour? Or have questions? Let us know, we’d be happy to talk with you. We can also help with financing and finding land for your custom manufactured home. Land and home packages are available.

Other Educational Resources

Just starting the manufactured home buying journey? Download these handy checklists. They’ll start you off on the right path.

You can buy any of our top-selling single-wide or double-wide homes at your nearest Oak Creek Home Center. We deliver to Texas, Oklahoma, Louisiana, and parts of New Mexico. Manufactured home builder Oak Creek Homes has been building manufactured houses and modular homes for over 50 years.

 

The post Can You Customize a Manufactured Home? appeared first on Oak Creek Homes.

Can You Customize a Manufactured Home?

January 11, 2022By American HomestarFeatured, Retail

As a kid, we quickly learned that we could customize a home built with LEGO® Bricks, Lincoln Logs, and even decorate a Barbie ® Dreamhouse just like we wanted it! But can you have a custom manufactured home? The simple answer is yes. Oak Creek Homes understands that details, features, and design options make a difference. This is why we not only offer a variety of floorplans that come with standard luxury features but also offer customization options for select homes so that you can design your own mobile home to your preference.  Our mission is to personalize your home shopping experience so that your dream home is made specific to your needs.

Design Your Own Manufactured Home

You may be surprised to find that there are opportunities to customize a manufactured home to your liking, but the reality is that the dynamics of manufactured homes are changing every day. Oak Creek is prepared to assist in building your dream home from beginning to end. With over one hundred different customization options to choose from – the outcomes are endless. From modern farmhouse to coastal looks, be in control of your home’s aesthetic.

custom manufactured home smart cottage swan

Floor Plans

Deciding the perfect floorplan is typically where our customers start when picking out a home. The floorplan provides an exact layout of the home’s interior, and some may consider this one of the most important factors. If you are not in love with the floor plan, you may easily eliminate the home from your list of options right off the bat. Oak Creek has tackled this issue by designing almost every floor plan imaginable for a mobile home which can be viewed here (oakcreekhomes.com). Though we’re confident in our selections, small (HUD-approved) changes in the floorplan are made possible in select homes.

Kitchen Options

The kitchen is often considered the heart of the home where families can gather after a long day. Those who enjoy cooking will need a functional and appealing place to prepare their meals. Cabinet finishes and sizes are one of many custom features that can be picked by you! We can also provide large farmhouse sinks and countertops of your choice. With over 20 kitchen options, we are sure our designers can arrange a kitchen to suit your needs. Choose your favorite backsplashes and kitchen islands and allow us to shape your kitchen into a space you’ll never want to leave.

custom manufactured home kitchen Custom manufactured home kitchen Beaumont cuistom manufactured home kitchen Southern Comfort

Living Rooms

Whether you’re hosting a Super Bowl party or a sleepover for the kids, the living area is an essential piece to making your house a home. Oak Creek values the importance of family and offers many living room options to best fit your needs. A few homes even offer two living spaces for our customers with larger families. A few more customization options include built-in entertainment centers, ceiling beams, and fireplaces to help bring your custom-made mobile home together.

custom manufactured home living room Rose custom manufactured home living room Opal custom living room Silver Spur custom manufactured home Southern Comfort Fireplace

Designing The Exterior of Your Own Manufactured Home

With the exterior portion of your home being the first thing people will see, some may want to start here in the customization process. Oak Creek provides a variety of architectural themes for our customers to choose from. One is the exterior color of the home. Our designers can assist in picking the perfect color for your style and environment. The siding of the home and dormers are also important elements that can assist in upgrading your home and set it apart from other homes nearby.

custom manufactured home Rose

Color

In the past, you may find that the colors of manufactured homes have been somewhat similar in range. Oak Creek made it a point to change that by offering an array of colors to choose from. If you want to set your home apart from the rest, the color will certainly make a statement.

Porch

Porches symbolize the spirit of America and can bring a home together. Several Oak Creek homes include porches, and the options are plentiful. The first is a covered wraparound porch, which offers plenty of space for socializing and family bonding. If you are more interested in using your porch to relax and enjoy your morning coffee, a porch swing may be exactly what you need. In addition, back porches can be built on select homes for those who want or need the extra space.

custom manufactured home porch custom manufactured home olivia

Roof and Siding

The roofing and siding of a home are both very important details in designing your custom-built mobile home. Get the look you want starting with hardboard siding. Hardboard siding is not only decorative but also is a great way to protect your home from bad weather. Oak Creek Homes uses this treated engineered wood siding product because it is stronger, more durable, and stable than vinyl siding and other inferior siding productions. This quality material holds up to tough weather conditions. It resists twisting, warping, and cupping. There are other distinctive features to consider including chalet-style dormers, radiant barrier roof decking, even metal roofing. No matter your request, Oak Creek makes customizing your manufactured home’s exterior all about fitting your personal style.

custom manufactured home porches

Now that you’ve gotten an opportunity to learn about Oak Creek’s customization options, it’s time to begin the process of designing your new custom home. First on your list of things to do is choosing a floor plan. Just like when you were a kid building with LEGO® Bricks or Lincoln Logs, deciding on your floor plan’s design is the first piece to designing your dream home.  Check out our large selection of homes, we offer over 100-floor plans here. Once you’ve done some window shopping online we encourage you to see our homes in person along with all your design options.

Contact us to Schedule a Visit or Tour

Ready to schedule a tour? Or have questions? Let us know, we’d be happy to talk with you. We can also help with financing and finding land for your custom manufactured home. Land and home packages are available.

Other Educational Resources

Just starting the manufactured home buying journey? Download these handy checklists. They’ll start you off on the right path.

You can buy any of our top-selling single-wide or double-wide homes at your nearest Oak Creek Home Center. We deliver to Texas, Oklahoma, Louisiana, and parts of New Mexico. Manufactured home builder Oak Creek Homes has been building manufactured houses and modular homes for over 50 years.

 

The post Can You Customize a Manufactured Home? appeared first on Oak Creek Homes.

Santa sends elf to investigate Oak Creek Homes!

November 29, 2021By American HomestarFeatured, Retail

Elf Sighting at Oak Creek Homes Factory

Santa has sent one of his elves on a mission to investigate what makes Oak Creek Homes so good! His name is Buddy Holmes. Workers have spotted him at our Oak Creek Homes Factory in Ft. Worth, Texas. Employees report that he’s trying to blend in by wearing a toolbelt. But they aren’t fooled. The word is the elf will also step into our Oak Creek Homes Factory in Lancaster, Texas. He’ll report back to Santa on our quality construction and materials.

We’re told Buddy will also head to many of our Sales Centers. Plus, sneak into model homes to experience some of our luxury features. Oak Creek Homes offers 100+ manufactured and modular home floorplans to choose from. So, Buddy will be a busy elf. 
 
We are confident that Buddy Holmes and Santa will be impressed with the Oak Creek Difference. So far, Buddy’s noted that Oak Creek Homes builds heavy homes. Each manufactured and modular home is builtstrong with 33% more lumber than HUD Code requires. Buddy’s also inspected several popular home models and found them to be energy-efficient too! He’s made a special note that customers can get an Oak Creek Home in as little as two months (which is faster than other manufactured home builders)! 

Track Elf Buddy’s Mission

Follow Buddy on our Facebook and Instagram pages beginning November 29th! Let us know what you think.

Contact Us

If you’d like to see the Oak Creek Difference in person like Buddy, we’d be happy to connect you with your nearest Oak Creek Home Center. Schedule a visit and tour our newest models and floorplans.

Oak Creek Homes has over 100+ floorplans to choose from. See them all, along with starting pricing here
 
Head to our Video Channel to see home tours and to information about the manufactured home buying process.
 

Download these Helpful Forms:

Customer Stories 

Hear from our customers about how Oak Creek Homes stand up against mother nature.

Manufactured Home Builder Oak Creek Homes has been building heavy homes for over 50 years! We have 18 Oak Creek Home Centers across Texas, Oklahoma, and Louisiana.

The post Santa sends elf to investigate Oak Creek Homes! appeared first on Oak Creek Homes.

What Kind of Credit Score Do You Need to Buy a Mobile Home?

September 15, 2021By American HomestarFeatured, Retail

Most lenders require a minimum credit score of 580 to 620 to buy a mobile home.  However, you can still get financing with a lower score. You may have to provide a larger down payment and pay a higher interest rate, though.  Remember, banks want to lend money! So, even if your credit is less than perfect, more than likely there’s a loan program out there for you. Finding the loan that’s right for you will depend on your unique credit profile.  This not only includes your credit score, but also your income, assets, debt levels, and payment history.

How do I qualify for a mobile home loan? 

Qualifying for a manufactured home loan is a relatively straightforward process.

Oak Creek Homes Housing Consultants

  1. Visit an Oak Creek Homes Center and meet with a housing consultant. Your housing consultant will ask about the type of home you want to purchase. They might also ask where whether you’ll be placing it on land, in a community, or along the coast, etc.
  2. Your housing consultant will then help you determine your budget. This involves looking at your gross monthly income and current debt obligations to determine your debt-to-income ratio.
  3. Next, your housing consultant will show you homes that fit within your payment range. This greatly increases your chances for loan approval once you pick out a home.
  4. From there, your housing consultant can help you with your loan application. They can help to choose the mobile home mortgage that best fits your needs.

Let’s look at some of the types of mobile home financing available.

Mobile Home Financing

Your financing options will be determined by your unique credit profile and whether you own your land, are purchasing land along with the home, or are purchasing the home only.  There are many types of loans to choose from, even if you don’t have great credit. A government agency or a private enterprise can back a mobile home mortgage. A private enterprise usually has more flexibility to determine its own risks. This can provide you with more financing options.

A chattel mortgage is a home-only transaction. The home can be placed on your own land, a family member’s land, or land you are renting from someone else.  This includes manufactured home communities. A manufactured home community is a great option if you aren’t ready to purchase your own land or don’t have a place to put the home. Banks provide chattel mortgages. They are not generally backed by a government agency.  This type of loan will typically be for a shorter term of 10, 15, or 20 years. Chattel mortgages will have a higher rate than FHA or VA. Closing costs are much lower. A chattel loan can close in a shorter amount of time than other types of loans.  Down payments for this type of loan can range from 5% to 20%, or higher if your credit is marginal or poor.

  •  Land and Home Private Mortgage

Many of the same private companies that offer chattel mortgages also offer land and home financing. These loans will have the same types of terms as chattel mortgages but can be for longer than 20 years.  These banks each have their own scoring systems and loan programs vary slightly from lender to lender.  Overall, these types of loans have much lower closing costs and fees than government-backed loans.

  • FHA Loan

The Federal Housing Administration provides banks with a guarantee to ensure the loan against losses but does not make loans directly. FHA loans are available for primary residences only, so secondary or vacation homes won’t qualify.  FHA Title II loans are real estate transactions, so if you own your property it will be part of the collateral to secure the loan.  Rates for FHA loans are quite competitive and are some of the lowest available.  However, closing costs can be higher than other types of loans and generally include interim construction loan fees as well.  Loan terms can be anywhere from 15 to 30 years.  The down payment required can be as low as 3.5%.

  • VA Loan

Veterans Administration (VA) loans are another way to buy a manufactured home. To qualify you must be a service member or veteran. This type of loan is for manufactured homes attached to a permanent foundation on land owned by the borrower. If you’re buying the home and land together it must be your primary residence. Being a service member or veteran will not guarantee that you qualify. Your employment history, credit history, assets, and income will be taken into consideration and evaluated. The minimum down payment is 5% and rates are comparable to FHA loans.

  • USDA Loan

The USDA Loan is a mortgage option available to some rural homebuyers. USDA Home Loans are guaranteed by the United States Department of Agriculture. USDA Home Loans are particularly favorable to those living in rural or low-income areas. The downside to a USDA loan is that a Guarantee Fee of 2% is added to the loan’s total amount. Plus, an annual fee of .5% is added to your monthly payment. The minimum credit score to qualify is higher than other types of mortgages. Unlike traditional mortgages, you can be disqualified for making too much money. The maximum limit is 115% of the median income for the county or area you want to live in.

Couple Welcome Home

Buying a Mobile Home

Just because you have had some bumps on your credit doesn’t mean you can’t become the owner of a great manufactured home. In fact, buying a manufactured home can be a smart way to start building credit. Since manufactured homes are less costly than site-built homes, they are an attractive option to first-time homebuyers and others looking to start gaining equity. 

Buying a Mobile Home with Bad Credit – Getting Approved with a Low Credit Score

We receive questions about credit scores all the time from potential homebuyers who are concerned that their poor credit will prevent them from owning a new home.  The fact is that there is a loan program out there for almost every buyer.  You may have to meet other conditions and pay a higher rate than you prefer, but options are out there.  Having a good credit score will make it easier to obtain more favorable terms to your liking.

There is More to Getting a Home Loan than Your Credit Score

Your credit score alone does not determine your eligibility for a loan.  Your income, assets, current debt load, and your loan history all contribute to the approval process.  In addition, the amount of the payments compared to your monthly income plays a key factor in determining your loan approval.  This is called your housing ratio. Banks usually want to see you spend no more than 31% of your monthly income on your home payment.  Your home payment is the principal, interest, taxes, and insurance you pay each month.  Certainly, a higher credit score might make the process a little easier and give you a loan with more favorable “terms”. However, a low credit score doesn’t automatically disqualify you from getting approved for a home loan.

Applying for a mortgage on a home that will give you a home payment that is well under 31% of your monthly income will increase your chances of approval.

So, how important is a credit score in determining your ability to get a loan?  Let’s look at what goes into determining your credit score.

What Does a Credit Score Represent?

Let’s take a look at how most credit scores are calculated. Your payment history generally makes up 40% of your score, while credit utilization is 20%. The length of your credit history contributes 21%. The total amount of recently reported balances,11%. Finally, new credit accounts are responsible for 5% while your available credit makes up 3%. All of these values factor into a credit score. A credit score typically ranges between 300 and 850.  The higher the number the better.

Check your credit score regularly with a monitoring service, but don’t let minor fluctuations stress you out. Your credit score is just a snapshot of how you’re managing your credit at a particular moment in time. Paying your bills on time, maintaining low balances, and not taking on too much debt can help to rehabilitate your credit profile, resulting in a higher score. Download your FREE Guide to Credit and see TIPS to improve your credit score.

Come and see us, we can help!

Starting with a visit to Oak Creek Homes is a great way to find out just how you can qualify for a mobile home mortgage.  Your housing consultant can help in determining which home is right for you by understanding your housing needs and your budget.  Oak Creek Home’s friendly support staff will assist you through the process and answer any questions you have along the way.

The only real way to find out the answer to the question “Can I qualify for a manufactured home loan?” is to come in and apply.  Once you have received your answer from the banks, you can decide whether the terms of the mobile home mortgage offer are right for you.  Then it’s up to you whether to proceed or pursue other options.

Contact us today to schedule a visit

Let us help you in your journey towards homeownership. We can not only help with financing but finding land too. Land and home packages are available.

For a full list of Mortgage Lenders that Oak Creek Homes works often with – CLICK HERE.

Other Educational Resources

Just starting the manufactured home buying journey? Download these handy checklists. They’ll start you off on the right path.

Manufactured home builder Oak Creek Homes has been building manufactured houses and modular homes for over 50 years. We deliver to Texas, Oklahoma, Louisiana, and parts of New Mexico.

The post What Kind of Credit Score Do You Need to Buy a Mobile Home? appeared first on Oak Creek Homes.

Introducing 3 bedroom Smart Cottage Swan

September 13, 2021By American HomestarFeatured, Retail

Smart Cottage Swan. Small Footprint. BIG living. Glide into stylish high-end features at a price you could never find with a site-built home.

The Swan is our biggest Smart Cottage floor plan with 3 bedrooms and 2 bathrooms. This home features a unique exterior design. The Swan sports an 8-foot covered front porch with a swing and two-tower dormer banks of windows. Both will have your family, friends, and neighbors doing a double take! Once they peek inside, they’ll be awed by its interior design as well. There’s a spacious living and eat-in kitchen area, optional island, and spa-like primary bathroom with a huge walk-in shower!

Step Inside The Swan’s Picture Gallery

See The Swan’s starting pricing, more pictures, and the floor plan here.

What is a Smart Cottage?

A Smart Cottage is a modern-day take on the tiny home. Bigger, yet compact and more comfortable. Smart Cottages are better in design, function, energy efficiency, and pricing than a typical tiny home. 15 floor plans to choose from. See a list of all standard and optional features, along with our popular 2 bed 2 bath Smart Cottage Eagle model, here.

Tour a Custom-Built Smart Cottage Swan

 

Smart Cottage Construction

Smart Cottages are built out of our Oak Creek Homes Factory in Ft. Worth, Texas. They can be built according to different building codes to fit municipal requirements and can be constructed as either a manufactured home or a modular home. Smart Cottages are less expensive per square foot than the typical tiny house or on-site built home. You can buy a Smart Cottage at any of our 18 Oak Creek Home Centers across Texas, Oklahoma, and Louisiana

Hear How Our Homes Stand-Up to Hurricanes

Sign-Up to Tour a Smart Cottage in Person!

Additional Educational Resources

8 Things to Consider when Choosing a Manufactured Home Builder.

19 Questions to Think About Before Buying a Manufactured Home.

Manufactured home builder Oak Creek Homes has been building manufactured houses, mobile homes, and modular houses for over 50 years.

The post Introducing 3 bedroom Smart Cottage Swan appeared first on Oak Creek Homes.

Introducing 3 bedroom Smart Cottage Swan

September 13, 2021By American HomestarFeatured, Retail

Smart Cottage Swan. Small Footprint. BIG living. Glide into stylish high-end features at a price you could never find with a site-built home.

The Swan is our biggest Smart Cottage floor plan with 3 bedrooms and 2 bathrooms. This home features a unique exterior design. The Swan sports an 8-foot covered front porch with a swing and two-tower dormer banks of windows. Both will have your family, friends, and neighbors doing a double take! Once they peek inside, they’ll be awed by its interior design as well. There’s a spacious living and eat-in kitchen area, optional island, and spa-like primary bathroom with a huge walk-in shower!

Step Inside The Swan’s Picture Gallery

See The Swan’s starting pricing, more pictures, and the floor plan here.

What is a Smart Cottage?

A Smart Cottage is a modern-day take on the tiny home. Bigger, yet compact and more comfortable. Smart Cottages are better in design, function, energy efficiency, and pricing than a typical tiny home. 15 floor plans to choose from. See a list of all standard and optional features, along with our popular 2 bed 2 bath Smart Cottage Eagle model, here.

Tour a Custom-Built Smart Cottage Swan

 

Smart Cottage Construction

Smart Cottages are built out of our Oak Creek Homes Factory in Ft. Worth, Texas. They can be built according to different building codes to fit municipal requirements and can be constructed as either a manufactured home or a modular home. Smart Cottages are less expensive per square foot than the typical tiny house or on-site built home. You can buy a Smart Cottage at any of our 18 Oak Creek Home Centers across Texas, Oklahoma, and Louisiana

Hear How Our Homes Stand-Up to Hurricanes

Sign-Up to Tour a Smart Cottage in Person!

Additional Educational Resources

8 Things to Consider when Choosing a Manufactured Home Builder.

19 Questions to Think About Before Buying a Manufactured Home.

Manufactured home builder Oak Creek Homes has been building manufactured houses, mobile homes, and modular houses for over 50 years.

The post Introducing 3 bedroom Smart Cottage Swan appeared first on Oak Creek Homes.

Our Company Turns the BIG 50!

July 14, 2021By American HomestarFeatured, Retail

Our Company, American Homestar Corporation is celebrating its 50-year anniversary.  The Company was founded under the name “Mobile America”, as a single-location retailer, in Pasadena, Texas in 1971. Founder Buck Teeter based his business on the principle of providing high quality, low-cost housing for those who were tired of renting or could not afford other forms of housing.  From this modest beginning on Spencer Highway, the Company has grown into one of the largest vertically integrated, privately owned manufactured housing companies.  Doing business as Oak Creek Homes, it has 18 sales centers in Texas, Louisiana, and Oklahoma, two manufacturing plants in Texas, plus mortgage and insurance divisions.   

Mr. Teeter still oversees American Homestar in his role as Chief Executive Officer.  Daily operations are managed by his son, Dwayne Teeter, who serves as President and Chief Operating Officer. Dwayne commented on the 50-year anniversary and the company’s continued success: “My father has built a company whose success has been based on the premise that people can live better in a higher quality home, and it can actually save them money in the long run. I am excited to tell you we will continue building our homes on that same philosophy.  Every day, it is my honor to continue Dad’s vision.” 

Oak Creek Homes builds the heaviest homes with some of the highest resale values in the industry. Customers can choose from 100+ floor plans. Oak Creek Homes can deliver a manufactured or modular home to TX, OK, LA, and parts of New Mexico. 

Oak Creek Homes will be celebrating its anniversary by holding several “Sale-A-Bration” promotions throughout the year and offering special deals and incentives to its customers to show appreciation for their support.   

Contact us to Schedule a Visit or Tour

Want to see an Oak Creek Home in person? Have questions? Let us know, we’d be happy to chat with you. We can also help with financing and finding land. Land and home packages are available.

Video Blogs to Check Out

 Manufactured home builder Oak Creek Homes has been building manufactured houses and modular homes for over 50 years!

The post Our Company Turns the BIG 50! appeared first on Oak Creek Homes.

Our Company Turns the BIG 50!

July 14, 2021By American HomestarFeatured, Retail

Our Company, American Homestar Corporation is celebrating its 50-year anniversary.  The Company was founded under the name “Mobile America”, as a single-location retailer, in Pasadena, Texas in 1971. Founder Buck Teeter based his business on the principle of providing high quality, low-cost housing for those who were tired of renting or could not afford other forms of housing.  From this modest beginning on Spencer Highway, the Company has grown into one of the largest vertically integrated, privately owned manufactured housing companies.  Doing business as Oak Creek Homes, it has 18 sales centers in Texas, Louisiana, and Oklahoma, two manufacturing plants in Texas, plus mortgage and insurance divisions.   

Mr. Teeter still oversees American Homestar in his role as Chief Executive Officer.  Daily operations are managed by his son, Dwayne Teeter, who serves as President and Chief Operating Officer. Dwayne commented on the 50-year anniversary and the company’s continued success: “My father has built a company whose success has been based on the premise that people can live better in a higher quality home, and it can actually save them money in the long run. I am excited to tell you we will continue building our homes on that same philosophy.  Every day, it is my honor to continue Dad’s vision.” 

Oak Creek Homes builds the heaviest homes with some of the highest resale values in the industry. Customers can choose from 100+ floor plans. Oak Creek Homes can deliver a manufactured or modular home to TX, OK, LA, and parts of New Mexico. 

Oak Creek Homes will be celebrating its anniversary by holding several “Sale-A-Bration” promotions throughout the year and offering special deals and incentives to its customers to show appreciation for their support.   

Contact us to Schedule a Visit or Tour

Want to see an Oak Creek Home in person? Have questions? Let us know, we’d be happy to chat with you. We can also help with financing and finding land. Land and home packages are available.

Video Blogs to Check Out

 Manufactured home builder Oak Creek Homes has been building manufactured houses and modular homes for over 50 years!

The post Our Company Turns the BIG 50! appeared first on Oak Creek Homes.