Manufactured Housing Demand Escalates

Many people today are seeking affordable housing, but still can’t produce the income to pay the rising apartment and single-family residence rental rates. Some residents are starting to look towards manufactured housing communities, quickly filling vacancies and, in some parts of the country, pushing local rents down!

For Texas, occupancy has not been affected by shifts in the energy sector, so rates have most likely improved for those seeking affordable housing. Solid apartment
markets on both coasts, in Florida and California, show similar demand for manufactured housing communities; however, the climates that are much warmer during the winter tend to draw “snowbirds” to 55-plus resort-style locations. Most of these markets record higher occupancy due to the seasonal residents, but that does not mean there is a large tenant deficit by any means; several retirees nationwide prefer the close-comfort living-style of the smaller and older communities over elsewise.

Demand for these 2-star and 3-star parks has definitely closed the vacancy gap up quite a bit, but manufactured housing communities have started to raise the rent to equalize the market.

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