According to New Mexico law, what defines a manufactured home?

A manufactured home is defined by New Mexico law as a factory-built home that is constructed on a permanent chassis. This classification highlights the manufacturing process, which occurs in a controlled environment, allowing for consistent quality and adherence to specific safety standards. The term "permanent chassis" implies that these homes are designed for long-term occupancy, distinguishing them from mobile homes or temporary structures that may not be intended for permanent living situations.

This definition reflects the standards set by the U.S. Department of Housing and Urban Development (HUD) regulations, which govern the construction and safety of manufactured homes. It ensures that homes classified as manufactured meet certain requirements, differentiating them from other types of housing such as site-built homes or vacation homes, thereby impacting financing options, zoning, and resale value. The emphasis on being factory-built and having a permanent chassis is what sets manufactured homes apart as a specific type of housing in the real estate market.