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HUD Secretary Scott Turner Tours Champion® Homes Models as Offsite Construction Is Showcased as a Vital Solution to the U.S. Housing Shortage

1. Champion Homes highlighted affordable housing solutions with HUD Secretary Scott Turner's visit. 2. 1.5 million housing unit shortage emphasizes need for offsite-built homes. 3. Manufactured homes cost significantly less than traditional site-built homes. 4. Champion's homes built 12 weeks faster, enhancing housing supply response. 5. HUD regulations assure quality and durability for manufactured homebuyers.

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Why Bullish?

The increased awareness of offsite construction and housing shortage solutions can lead to higher sales for SKY, similar to how federal incentives previously benefitted homebuilders in 2020.

How important is it?

The focus on addressing housing shortages and the endorsement from HUD highlight a strong growth avenue for manufactured homes over time.

Why Long Term?

As housing shortages persist, the demand for affordable manufactured homes is likely to grow steadily, reflecting a long-term opportunity for increased profitability for the company.

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TROY, Mich.--(BUSINESS WIRE)--Champion Homes, Inc. (NYSE: SKY) (“Champion Homes”) today announced that U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner last week toured the company’s homes to increase public awareness of offsite construction as an essential solution to the nationwide housing shortage. The tour highlighted Champion’s offsite-built homes as a high quality, affordable housing solution built on efficient timelines for American families. “It’s clear from spending time with Secretary Turner that he’s committed to making home ownership more attainable across the nation and that he’s a great advocate for manufactured homes,” said Champion Homes President and CEO Tim Larson. “We’re proud to provide an affordable housing solution for individuals and families across the country that delivers high-value, attainable homes at an expedited pace through an outstanding purchase experience.” On May 6, Secretary Turner toured Champion Homes models at the Manufactured Housing Institute (MHI) Congress & Expo in Orlando, Fla., where he delivered the keynote address. Secretary Turner viewed two of Champion’s single-family manufactured homes, the Bal Harbour and the Sawgrass, and an accessory dwelling unit (ADU), the Calloway. During the tour, Secretary Turner had the opportunity to view the homes’ high quality construction, durable materials and beautiful design aesthetics. An advocate for offsite construction as a source of attainable housing, Secretary Turner emphasized during his Senate confirmation hearing in January that he would prioritize the availability and affordability of manufactured housing during his term. According to a 2024 report by the National Association of Home Builders, the U.S. has a shortage of approximately 1.5 million housing units. Offsite-built homes are an ideal solution to the housing shortage because they’re high quality, durable homes that are more affordable and faster to build than traditional site-built homes. Notably, offsite-built homes are cost-effective without compromising on quality or durability. In the fourth quarter of 2024, the U.S. median new home price was $419,200, according to the National Association of Home Builders/Wells Fargo Cost of Housing Index. The average price of a manufactured home — including the cost of the home, delivery and installation without land — is $159,300, based on MHI home cost figures and other national average estimates. Manufactured homes are built to the National Manufactured Home Construction and Safety Standards, or “HUD code,” which regulates homes to a national quality standard. This allows Champion Homes to deliver a high volume of homes through streamlined construction techniques, bolstering quality and affordability for homebuyers. Furthermore, the company uses high quality, durable materials that are comparable to those in site-built homes. Not only are offsite-built homes more affordable than site-built homes, but Champion’s homes are also built an average of 12 weeks faster than site-built homes. This allows developers and government entities to increase the national housing supply faster, so families can move in at an expedited pace. With 48 manufacturing facilities across the U.S. and western Canada, Champion Homes boasts significant production scale that makes affordable homes more attainable for families across North America. Through Champion’s streamlined purchase process, homebuyers can choose from pre-designed floor plans or adjust the designs to fit their lifestyle, including appealing options like different kitchen configurations, a standalone bathtub or additional bedrooms depending on the model. This balance of standardization with variety delivers an unmatched purchase process for buyers looking for affordability, value and quality in a home of their own. Champion Homes employs skilled, centralized workforces in manufacturing facilities where homes are protected from the elements during construction. These efficiencies allow Champion to capitalize on economies of scale and lower costs. Employees are able to work a full day indoors while being protected from the elements year-round, mitigating against weather-related work stoppages, reducing site waste expenses and elevating the overall quality of the homes. Shorter construction timelines also reduce interest costs and lower overhead capital charges for developers, further bolstering affordability. Additionally, Champion’s homes undergo a rigorous quality check process during manufacturing, including a third-party audit to verify the homes adhere to HUD code specifications. HUD regulates the builders, retailers and installation companies of manufactured homes, and 33 states also have a State Administrative Agency that offers additional regulation. The federal oversight of manufactured homes provides homebuyers confidence in the durability and value of their investment. About Champion Homes, Inc. Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America and employs more than 9,000 people. With more than 70 years of homebuilding experience and 48 manufacturing facilities throughout the United States and western Canada, Champion Homes is well positioned with an innovative portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family and hospitality sectors. In addition to its core home building business, Champion Homes provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 72 retail locations across the United States and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States. Manufactured and Modular Homes www.championhomes.com www.skylinehomes.com www.genesishomes.com Park Model RVs www.championparkmodelscabins.com Star Fleet Trucking www.starfleettrucking.com More News From Champion Homes, Inc.

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