When is a home considered "new" in the context of manufactured housing sales?

A manufactured home is classified as "new" when it has not been previously owned or occupied. This definition is crucial in the context of manufactured housing sales because it distinguishes between new and used homes, impacting how the home is marketed, priced, and financed. A home that has been lived in, regardless of its age or condition, is typically considered used. This distinction is significant for both sellers and buyers, as the condition, perceived value, and expectations associated with a new home differ considerably from those of a pre-owned one.

The other options do not accurately characterize what defines a new manufactured home. Being under warranty may indicate a level of quality or protection for a buyer but does not necessarily classify the home as new if it has been previously owned. The term "recently built" could pertain to used homes if they were built not long ago, failing to define ownership status. Lastly, the notion of being the first to see the home does not relate to its classification as new; rather, it pertains to the sales process and does not impact the ownership status.