The James E Forrestal Building, Washington, D.C. offices for the U.S. Department of Energy.
The Manufactured Housing Institute and Texas Manufactured Housing Association announced Feb. 14 that the two have combined efforts to take legal action aimed at a delay in implementation of the Department of Energy’s “Energy Conservation Standards for Manufactured Housing” changes that are scheduled to take effect on May 31.
MHI said it has been pursuing a multi-pronged approach to the proposed DOE standards for several years, the ultimate goal being to have energy standards housed and managed by the U.S. Department of Housing and Urban Development, which is the industry’s longstanding primary federal regulatory body.
“Progress has been made with HUD and lawmakers, and we are continuing to work with DOE and HUD to find a workable and affordable solution,” the communication sent by MHI Chairman Leo Poggione stated. “However, with the looming deadline and continued lack of clarity from DOE, MHI decided legal action was the only option available.”
MHI contends DOE set an arbitrary and unrealistic one-year deadline, and that the proposed requirements are not ready for implementation on May 31.
The Energy Department failed to consult with HUD, MHI stated, and the standards are misaligned with the HUD code, they contain inaccurate cost estimates, do not take current manufactured home construction methods into consideration, and fail to address testing, inspection, and certification of homes.
MHI said it is dedicated to working toward a solution through:
Continuing to work with regulatory agencies to delay implementation of the DOE standard until there is alignment between DOE and HUD regulations.
Ensuring HUD’s Manufactured Housing Consensus Committee’s (MHCC) proposed changes to incorporate the DOE standards into the HUD code are finalized.
Supporting legislation to guarantee HUD is the primary regulator for all construction standards for manufactured housing.
TMHA Communicates with Members on DOE Filing
In a letter to members on Feb. 16, TMHA reiterated MHI’s intent for the legal filing, citing Freddie Mac language from a recent study the explains the exceptional level of attention the manufactured housing industry puts into energy efficiency.
“Make no mistake, our industry is an avid proponent of innovation and effective conservation efforts,” TMHA stated in its communication. “This commitment spans across the production, sales, transportation, and site-construction processes. A prime example being the minimal amount of waste created during our factory-built construction, along with our comprehensive recycling programs.”
The Consumer Price Index released Feb. 14 came in slightly hotter than analysts anticipated, with an increase of 0.5 in January that sets inflation at 6.4 percent year over year. The CPI report combined with the recent unexpected jobs report, an increase of 517,000 nonfarm payroll positions — more than double the estimate — means the Federal Reserve likely will turn back to a 0.5 rise in March and re-set its course for the year.
Consumer categories that increased in January include shelter, motor vehicle insurance, recreation, apparel, household furnishings, and operations.
By continuing to raise rates the Fed hopes to cool growth back toward a steady 4 percent from a 12-month high of more than 9 percent in mid-2022. The Fed reduced its activity in the bond market and made a series of half-point and three-quarter-point increases prior to the most recent 0.25 hike.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released on Jan. 31, covers all nine U.S. census divisions. It reported a 7.7 percent annual gain in November, down from 9.2 percent the previous month.
The 10-City Composite annual increase came in at 6.3 percent, down from 8.0 percent the previous month. The 20-City Composite posted a 6.8 percent year-over-year gain, down from 8.6 percent in the previous month.
Datacomp, the publisher of JLT Market Reports and the nation’s #1 provider of market data for the manufactured housing industry, announces the publication of its February 2023 mobile home park comps with occupancy and other vital data on manufactured home communities from 18 markets in Michigan.
Recognized as the industry standard for manufactured home community market analysis for more than 20 years, JLT Market Reports provide detailed research and information on manufactured home communities located in 187 primary housing markets throughout the United States. This includes the latest rent trends and statistics, marketing programs, and a variety of other useful management insights.
Datacomp’s manufactured housing market data published in the February 2023 JLT Market Reports includes information on investment-grade “all ages” and “55+” manufactured home communities. Altogether, the Michigan reports include data representations on 417 communities and 114,048 homesites.
What’s in JLT Market Reports?
Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment-grade communities in the major markets. The detailed information includes:
Number of homesites
Occupancy rates
Average community rents, and increases
Community amenities
Vacant lots
Repossessed and inventory homes, and much more
Established reports show trends in each market with a comparison of February 2023 rents and occupancy rates to February 2022. In addition, JLT Market Reports include a historical recap of rents and occupancy from 1996 to the present date in most markets.
The February 2023 JLT Market Reports for 18 markets in Michigan are available for purchase and immediate download online at the Datacomp JLT Market Reports, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.
Each fully updated report for mobile home communities is a comprehensive look at investment-grade properties within a market, enabling owners and managers, lenders, appraisers, brokers and other organizations to effectively benchmark those communities and make informed decisions.
The Genesis Homes HUD code model 4264H32G03 and the ADU model 2039H21AD1
There was a steady stream of visitors through the Genesis homes from Champion shown at IBS 23 in Vegas.
Champion Homes returned to Las Vegas in 2023 to show a sample of its Genesis Homes collection, setting up a 1,873-square-foot factory-built home, and an accessory dwelling unit, in the outdoor village at the International Builder’s Show.
Organizers for IBS estimated an audience of more than 45,000 attendees had the opportunity to walk through the new homes, with about 200,000 people attending the collection of residential kitchen, bath, and hardware help during the week.
The show was hosted by the National Association of Home Builders, and took place Jan. 31 — Feb. 2, at the Las Vegas Convention Center.
The Champion Homes team is earning new customers by directly addressing the market need for affordable, timely, and sustainably built homes.
“We are receiving a tremendous response from our builder developer customers. Our Genesis Homes lineup provides a turnkey solution at a price point, and timeline for today’s market,” said Mark Yost, president and CEO of Skyline Champion Corporation. “Our expansion in the builder/developer market reflects our commitment to make homeownership more attainable, and we are excited to be collaborating with partners who share our vision to welcome even more customers into their new home.”
Steve Payne from Skyline Champion Corporation talks with customers at the International Builder’s Show about Genesis Homes and strategies for developing residential neighborhoods with factory-built homes.
Features of the New Genesis Homes
Genesis Homes and ADUs feature contemporary exteriors and interiors, and thoughtful floor plans and designs.
The Genesis single-family home has three bedrooms and two bathrooms. The interior layout is spacious, providing open entertaining areas and ample privacy and quiet space. The home has a welcoming curb appeal, including covered porches for outdoor living.
The Genesis Homes ADU has two bedrooms and one bathroom in 788 square feet. Accessory dwelling units are a fast-growing affordable solution for homeowners looking to add additional space on their property. Whether as a guest house, workspace, casita, or rental, Genesis ADUs have a range of floor plans to create just the right stand-alone flex space to complement a single-family home.
Show attendees can walk through the fully furnished home and ADU at the Professional Builder Show Village.
Skyline Champion Corporation has 42 manufacturing facilities in the U.S., and employs 8,700 team members, including builders in 42 facilities across the country. Skyline Champion also operates a factory-direct retail business with 31 retail locations and Star Fleet Trucking.
The company builds homes under some of the most well-known brand names in the factory-built housing industry including Skyline Homes, Champion Home Builders, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada.
More from the 2023 International Builder’s Show
The exterior of The Carolina Cottage from Impresa.
The Carolina Cottage interior, a modular offering from Impresa.
There was plenty to see in Las Vegas at IBS ’23. Four representatives from MHInsider made the event to find interesting industry news, to talk with customers, and to see how other organizations in residential housing are representing themselves. Along the way we gathered some information and took photos to share in a quick roundup.
Impresa Impressive in the Village
Modular builder Impresa, along with several partners, showed a new floorplan —The Carolina Cottage — in the outdoor village. The 1,409-square-foot home garnered plenty of attention, particularly for its high, wood-paneled ceiling. The home has two bedrooms, 1 1/2 baths, a 415-square-foot loft, and two covered porches. It came in on four trucks, each one carrying a module. The home was designed by architect Bill Gilbert and it was constructed in a factory in Greenwood, N.C. Impresa also brought along its new magazine, Offsite Builder, which details the efficiency, durability, and affordability of factory-built housing.
Not All Homes Were in the Village
Leon Integra set up this innovative tiny home in the central hall at the 2023 International Builder’s Show in Las Vegas.
Leon Integra, a Turkish logistics and distribution company with offices in Massachusetts, exhibited a tiny home at the show as a means of showing off the porcelain, rainscreen and siding, engineered wood, kitchen and bath offerings, and aluminum window and door solutions. The silo-shaped home captured the attention of passers-by throughout the show and spurred a lot of conversation about the use of space, efficiency in homebuilding, and environmental stewardship.
Beko Wins Big Prize at Kitchen and Bath Show
Zach Elkin, president of Beko Home Appliances USA, provides a tour of the company’s latest products, including a washer with an interior tub made entirely of recycled water bottles.
A primary component for the builder’s show in Vegas is the KBIS offering of the latest in kitchen and bath trends. MHInsider went on a media tour to get a sneak peek, with many of the offerings in the segment having a meaningful market in the manufactured housing industry. Beko, which is among the largest residential appliance designers and manufacturers in the world, continues to make gains in the U.S. market and this year was awarded the 2023 “Biggest Bite” among the Design Bites award winners.
This award recognizes the brand that offered the best combination of innovative products and presentation of product capabilities and benefits at the KBIS NEXT Stage. The “Brand with the Biggest Bite” was selected by a Shark Tank-like panel of judges that included Leigh Harrington, part of the USA TODAY Network, Sarah Robertson, of Studio Dearborn, and Breegan Jane, a TV host, interior designer, entrepreneur and philanthropist.
LG Signature Kitchen provided attendees on the morning media tour at IBS with a quick cooking demo and light breakfast of the perfect poached egg and farm fresh vegetables with a bacon chutney. At left, smart home expert Carley Knoblach joins Chef Nick Ritchie in the demonstration.
LG’s Signature Kitchen Suite provides at-home chefs the tools to prepare food in the best possible ways by bringing professional-grade equipment to the home kitchens. The company pioneered sous vide technology in the residential kitchens, as the first and only to integrate sous vide capabilities right on the cooking surface, alongside gas burners and induction for the perfect finish. At KBIS 2023, the company unveiled an expanded portfolio of luxury appliance innovations that drive performance, design, and precision including a 48-inch French-door refrigerator, 36-inch gas cooktop and PowerSteam dishwasher.
Live demonstrations and tastings will be led by Executive Chef Nick Ritchie based at Signature Kitchen Suite’s Experience and Design Center in culinary-centric Napa Valley, Calif. Attendees learned how to achieve gourmet cooking results using exclusive products including the versatile 48-inch Dual Fuel Pro Range, the first and only pro range with built-in sous vide, induction and gas, all on the cooking surface, along with an 18-inch steam oven and 30-inch convection oven below.
“Kitchen appliances are an investment that will be a part of your home and family for decades,” said Carley Knobloch, a tech lifestyle expert. “To make them future-proof, and able to grow with consumers’ needs and technology advances over time, will be a huge value-add for consumers. As someone with Signature Kitchen Suite appliances in my own kitchen, I look forward to the advancements and upgrades in the years to come.”
Registration is open for the 2023 Biloxi Manufactured Housing Show & Expo, offering three days of education, networking, and model homes to tour for manufactured housing professionals.
Taking place at the IP Casino Resort Spa in Biloxi, Miss. from March 20 – 22, 2023, this year’s event will feature roughly three dozen model homes on display, offering professionals the chance to view the industry’s new developments and innovations in one central place.
The South Central Manufactured Housing Institute (SCMHI) comprising the Alabama Manufactured Housing Association and the Mississippi Manufactured Housing Association oversee this unique industry event.
“There is so much excitement in returning to Biloxi this year,” Mississippi Manufactured Housing Association Executive Director Jennifer Hall said. “We are expecting with the 37 home displays for our numbers to increase tremendously. The Exhibit Hall will be the same layout as last year and we only have a few booths left to fill. This could be a record year for the Biloxi Manufactured Home Show!”
Attendees will have the chance to take part in educational workshops, tour an expo floor featuring manufactured housing suppliers and service providers from all segments of the industry, and participate in networking events geared towards fostering new and existing industry connections.
For this year’s event, seminars and education will be divided into two tracks aimed at retailers and community owner/operators, respectively. Specific workshops and seminars are to be announced at a later date.
Register Today for the 2023 Biloxi Show & Expo
Registration to attend and exhibit at the Biloxi Manufactured Housing Expo is underway. For more information on the expo or to register online, visit biloxihomeshow.com/register.
Housing for the event is available at the IP Casino Resort Spa in Biloxi with a special rate for attendees who use the code “SCHC23C” when booking a reservation online or over the phone.
Additionally, exhibitor slots and sponsorships are available for the event. Those who are interested in exhibitor slots are encouraged to contact the 2023 Biloxi Show & Expo at info@biloxihomeshow.com as soon as possible, as spaces are increasingly limited. Potential sponsors can also email info@biloxihomeshow.com for more information, or contact event staff through the 2023 Biloxi Show & Expo contact page.
Learn more about the 2023 Biloxi Manufactured Housing Show & Expo by visiting biloxihomeshow.com. This event is an industry trade show and is not open to the public.
Kevan Enger, from Capstone, is a seller-focused broker of manufactured home communities.
2022 has been the year of inflation and interest rates. It seems that almost every conversation in the industry has come back to one of those two topics with more questions than answers…
“Will inflation finally stall?”
“Will the Fed raise rates again?”
“Will the interest rate hikes cause a recession?”
“Will the next interest rate increase be at a higher or lower pace?”
“When will the debt markets start to loosen up again?”
All of those questions have created a great deal of uncertainty in the marketplace. By nature, investors need to know the numbers, have a general idea of where things are going, and have an understanding of what is taking shape, and right now, everything seems unpredictable.
Although the pandemic appears to be in the rearview, it was the catalyst for the change and unpredictability we are experiencing. From a market crash that never came, to a recession that never fully materialized, we’ve had an economy that did the unexpected…it boomed. Prosperity came despite the pandemic, closures, and supply chain shortages all thanks to a rapidly adapting consumer and new demand as the population moved, people began working from home, and a new era emerged.
This new era is unchartered territory. Couple that with inflation, rapidly rising interest rates, a war, and fear of a recession, and you have the perfect recipe for a great deal of uncertainty.
So how is this continued uncertainty impacting the mobile home park market? In this article, we will look at where the market is today and what to expect in the coming year.
The Debt Market
Interest rate hikes have put the debt market at ground zero. After six interest rate hikes so far this year and at least one more likely by the time of publishing this article, it’s no wonder that the debt markets have come to a grinding halt. Changing at a pace not seen since 2008, albeit in the opposite direction, lenders are simply not able to effectively underwrite loans with rates rising at the current pace. As a result, leveraged buys that were ruling cash-on-cash returns across asset classes less than a year ago, are now on hold.
But, for how long?
The Cash Market
Meanwhile, the debt market’s loss is the cash buyer’s gain. Buyers with pockets full of cash have seen an opening and they’re cautiously stepping through it as supply has started to loosen in step with the tightening debt market. More supply means more opportunities for better deals as cash buyers brandish their advantage and liquidity.
However, everyone is keeping their eye on cap rates which have certainly been impacted. For 5-star properties, for example, the market is looking at manufactured home communities that were delivering a cap rate of three or three and a half, now coming in at a five or five and a half.
Three-star properties that were once at a five to a five-and-a-half cap, may now be somewhere between seven and seven and a half.
This rapid shift has taken many owners by surprise, and it’s important to understand that while we can’t control interest rates there are factors we can work with to optimize property value.
To illustrate, at our shop we’re working with owners on a variety of factors that have an impact on the value of a property. Our analysis looks at everything from operating expenses and maximizing the competition, to developing a custom marketing strategy that optimizes value and price.
This approach is critical since this past year has been particularly challenging on park owners due to rising costs. Inflation has driven up operating costs including for labor, utilities, materials, and insurance. In Florida, for instance, MHPs throughout the state have the added burden of rising insurance costs, especially after hurricanes Ian and Nicole hit the state.
However, a cookie-cutter approach to curtailing expenses simply won’t be enough. The question isn’t how can we cut expenses? It’s how can we add value while cutting expenses.
The Outlook
While the debt market has temporarily stalled and cap rates have inched up, there is an abundance of dry powder waiting on the sidelines for clearer signals on where the economy, inflation, and rates are headed.
It’s essential for community owners to know that while the market is not moving at the velocity it was six to eight months ago, it’s still very active. Savvy investors are looking beyond the noise at the fundamentals, and the fundamentals of the market remain strong.
Historically, the mobile home park space has been widely known as a recession-proof asset class. As the most affordable housing option, demand for our homes actually increases during a recession.
In addition, mobile home park residents are known as “sticky residents”, meaning they stay for the long term, rarely moving out of their chosen community. One of the main reasons for this is that it’s expensive to move a mobile home — anywhere from $10,000 to $15,000, on average. Mobile home park residents typically own their mobile home and just pay rent for the land on which their home sits. If they were to move, they would have to transport their home to a new community — an expense most mobile home owners would be unable or unwilling to pay.
Other fundamentals to consider are rental and occupancy rates. Rental rates across the MHP space continue to rise. Most MHPs remain at below-market rents, providing a great deal of room for potential upside in rents.
At the macro level, occupancy rates are at all-time highs. However, at the micro level, there is tremendous opportunity for optimizing occupancy at parks across the country in all markets.
In addition, the recent attention by the administration, FHA, and Freddie Mac on affordable housing, and especially manufactured housing, has opened new avenues for consumers and investors. For example, the Federal Housing Administration proposed a rule to annually adjust the loan limits for its Title I Manufactured Home Loan Program, a program that insures loans used to finance manufactured homes titled as personal property. Other proposed or enacted actions include helping states and localities eliminate needless barriers to affordable housing production, including permitting for manufactured housing communities, and creating separate indexes and updating loan limits for Title I Manufactured Home Loan Program.
There is no doubt that untapped value and opportunity remain in the mobile home park market, and the fundamentals prove it.
For sellers, there is value in what they’ve built. Tapping into that value will open new opportunities.
For investors, there is untapped opportunity in the inherent value of the property.
While this unchartered territory brings uncertainty, one thing is definite, there is plenty of opportunity in uncertainty for mobile home park owners and investors.
Live from The Louisville Manufactured Housing Show
More than 3,000 manufactured housing professionals attended The Louisville Manufactured Housing Show Jan. 18-20 at the Kentucky Exposition Center.
After a three-year absence due to the pandemic, the KEC again was the center point of the industry, providing 27 new model homes to walk through, and more than 100 service and supply exhibitors to talk with about their offerings. It was a time for networking, learning, making deals, and moving forward into what may be a challenging yet fruitful year in business.
Victoria Cowart, director of education and outreach for Pet Screening, and company Vice President Mike Shytle attended The Louisville Show for the first time, scouting the industry as a potential new market for the pet screening software.
“The Louisville Manufactured Housing Show was impressive to see, easy to navigate, and lovely to be part of,” Cowart said. “The attendees were receptive to us and interested in our company — despite us being brand new. That was refreshing, and it leads us to think this is a vertical in the rental housing industry with great people and potential.”
Skyline Champion CEO Provides Keynote Address
Skyline Champion Corporation CEO Mark Yost provides the keynote address at the 2023 Louisville Manufactured Housing Show, held Jan. 18-20 at the Kentucky Expo Center.
Mark Yost, the CEO of Skyline Champion Corporation, spoke to a packed room the second day of the show, reminding manufactured housing professionals of the depth of housing need the country is in, and how the factory-built approach to homebuilding is the solution.
“There is not a single county in this country where a person making minimum wage can afford to rent a two-bedroom apartment,” Yost told attendees. “This should offend you.”
Rental apartment occupancy in the U.S. is 96 percent, he said. Nearly 75 percent of Americans cannot afford to buy a home. Forty-five million people won’s sell today even if they want because they would be unable to get the favorable financing they currently enjoy. Another 45 million won’t sell because they already have paid off the home and would be hard-pressed to find another home at a similar price.
This, along with the lack of site-built construction in middle-market housing, and the continued stubborn nature of local governments to accept manufactured homes, makes for a housing market malaise that begs for a proven solution.
Yost said a survey recently showed that 40 percent of Americans consider buying a home the most stressful experience of their lives. And what did those respondents say when asked how they felt during this stressful process?
“They broke down in tears,” Yost said.
Yost confided to the audience that it sometimes can be difficult to remain positive in the face of so many challenges in bringing forward what our customers want and need. But he read a letter from a longtime customer who described their Champion home as a “little slice of heaven.”
“We need a different solution,” Yost said.
Part of the solution, Yost said, had to be automation in homebuilding facilities. Another part is providing seamless services surrounding the home sale, offerings such as app-based financing and insurance, drive-through closings, and a turnkey experience that delights the new homeowner as soon as they walk in.
“There is a word for all of this for the people in this room, and that word is ‘opportunity’,” Yost said. “We have to solve this today so that tomorrow we can offer people that ‘little slice of heaven’.”
Manufactured home lenders discuss the finance options available in the current market. The Louisville Show is hosted by the Midwest Manufactured Housing Federation, made up of members from Indiana, Illinois, Ohio, Michigan, and Kentucky.
It was noted during the Lenders Panel that there were 18 consumer finance lenders registered and exhibiting at The Louisville Show, offering varied and sometimes competing programs for home finance. “A lot of us are using technology and new platforms to reach our customers in their living rooms,” Credit Human’s Barry Noffsinger said. “It’s more and more important all the time that we’re using these tools.”
Several of the lenders represented expressed continued interest in building a secondary market for chattel home loans, an effort already in the works at Cascade Finance, Triad Financial Services, and Park Lane Financial Solutions.
Manufactured housing professionals relished being able to walk through a large collection of new model homes after a three-year absence. There were 27 new manufactured homes on display at The Louisville Show in 2023.
Plenty to Look at in Louisville
Among the homes shown at The Louisville Show was the Telsa, from Fairmont Homes. The three-bedroom, two-bath home has an open floor plan with 1,012 square feet. It has a spacious living room, and a large central walk-in shower in the main bath. Fairmont is part of Cavco Industries and builds its homes in northern Indiana.
Clayton Homes built a small village at The Louisville Show and included the Pulse Collection.
New Homes That Bring The ‘Wow’ Effect
Several home-building facilities under the Clayton brand brought homes to show at Louisville, many of which were already sold, or sold at the show. Builders continue to report significant order backlogs, but have begun to make accommodations to get new homes to manufactured housing trade shows in 2023. Showing new homes to all buyers, as well as legislators and policymakers, is essential for industry growth. “When we get people through the homes we get that ‘wow’ effect,” Manufactured Housing Institute President Mark Bowersox said during his State of the Industry address the final day of the show. “It’s a lot more effective than handing them a piece of paper.”
A nice sitting area in the Tempo model from Clayton Homes.
New Information from Arizona, Georgia, Nevada, New Mexico, North Carolina, Utah
Datacomp, the publisher of JLT Market Reports and the nation’s #1 provider of market data for the manufactured housing industry, announces the publication of its January 2023 mobile home park comps with occupancy and other vital data on manufactured home communities from 14 markets in Arizona, Georgia, Nevada, New Mexico, North Carolina, and Utah.
Recognized as the industry standard for manufactured home community market analysis for more than 20 years, JLT Market Reports provide detailed research and information on manufactured home communities located in 187 primary housing markets throughout the United States. This includes the latest occupancy trends and statistics, marketing programs, and a variety of other useful management insights.
Datacomp’s manufactured housing market data is updated continually throughout the year, with the latest updates from specific markets and regions published on a monthly schedule.
Depth of Reporting on Manufactured Housing Communities by Region
Reports on manufactured home communities in the South consider 986 communities with 248,412 homesites, with a total occupancy rate of 96 percent.
Reports on manufactured home communities in the Southwest consider 482 communities with 107,077 homesites, with a total occupancy rate of 95 percent.
Reports on manufactured home communities in the West consider 226 communities with 54,299 homesites, with a total occupancy rate of 97 percent.
What’s in JLT Market Reports?
Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment-grade communities in the major markets. The detailed information includes:
Number of homesites
Occupancy rates
Average community rents, and increases
Community amenities
Vacant lots
Repossessed and inventory homes, and much more
Established reports show trends in each market with a comparison of January 2023 rents and occupancy rates to January 2022. In addition, JLT Markt Reports include a historical recap of rents and occupancy from 1996 to the present date in most markets.
The January 2023 JLT Market Reports for 14 markets in Arizona, Georgia, Nevada, New Mexico, North Carolina, and Utah are available for purchase and immediate download online at the Datacomp JLT Market Report, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.
Each fully updated report for mobile home communities is a comprehensive look at investment-grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed decisions.
Datacomp, publisher of JLT Market Reports and the nation’s #1 provider of market data for the manufactured housing industry, announces the publication of its January 2021 mobile home rent comps, occupancy, and other vital data on manufactured home communities from 14 markets in Arizona, Georgia, Nevada, New Mexico, North Carolina, and Utah.
Recognized as the industry standard for manufactured home community market analysis for more than 20 years, JLT Market Reports provide detailed research and information on manufactured home communities located in more 187 primary housing markets throughout the United States. This includes the latest rent trends and statistics, marketing programs, and a variety of other useful management insights.
Datacomp’s manufactured housing market data published in the January 2022 JLT Market Reports includes information on investment-grade “all ages” and “55+” manufactured home communities. Altogether, the reports include data representations for 92,692 homesites.
Regional Trends in Manufactured Housing Community Rent, Occupancy
South region manufactured home communities show a year-over-year 4.3 percent increase in rent and a 0.5 percent increase in occupancy
West region manufactured home communities show a year-over-year 5.5 percent increase in rent and a 0.7 percent increase in occupancy
Southwest region manufactured home communities show a year-over-year 5.3 percent increase in rent and a 0.7 percent increase in occupancy
What’s in JLT Market Reports?
Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment grade communities in the major markets. The detailed information includes:
Number of homesites
Occupancy rates
Average community rents, and increases
Community amenities
Vacant lots
Repossessed and inventory homes, and much more
Established reports show trends in each market with a comparison of January 2022 rents and occupancy rates to January 2021. In addition, JLT Markt Reports include a historical recap of rents and occupancy from 1996 to the present date in most markets.
The January 2022 JLT Market Reports for 14 markets in Arizona, Georgia, Nevada, New Mexico, North Carolina, and Utah are available for purchase and immediate download online at the Datacomp JLT Market Report, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.
Each fully updated report for mobile home communities is a comprehensive look at investment-grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed decisions.
Kentucky Expo Center is the venue for the 2023 Louisville Manufactured Housing Show Jan. 18-20. Industry professionals only.
A Welcome Return for the Manufactured Housing Industry in Kentucky
The Louisville Manufactured Housing Show makes its grand return next week, with thousands of industry professionals making their way to Kentucky for networking, education, and to lay eyes on all the latest product and services being offered.
Last held in 2020 just weeks prior to the Pandemic shutdown, The Louisville Show is the jump start to the year, preparation for the spring selling season, and the event that provides the most factory-built homes to tour in a single space.
“The Louisville Show is legendary in the industry. It’s the place a lot of deals get done, it sets the tone for the year, it welcomes so many new players in the industry, and shows all the greatest innovations,” Show Chairman Eric Oaks said. “It’s a gathering everyone in the industry looks forward to each year, and having taken time off through the last couple of years, I feel this event is going to be something really special.”
In 2023, the show dates Jan. 18-20, and the event venue is once again the Kentucky Exposition Center, the second largest convention center in the Midwest (to McCormick Place in Chicago), and the sixth largest such venue in the United States. The 1.1 million square foot facility was opened in 1956 and continues to be among the top economic drivers for the city of Louisville.
The show runs from 8 a.m. to 5:30 p.m. local time the first two days of the show, and on Friday runs from 8 a.m. to noon, is open to industry professionals only, and is free of charge for non-exhibiting attendees. All attendees will be provided ample opportunity for networking with other attendees, exhibitors, sponsors, and organizers.
What We Will See at the KEC
Interior details of Cavco’s Sandalwood XL, among the collection of homes to be on display for manufactured housing professionals attending The Louisville Show, Jan. 18-20 at KEC.
Organizers for the 2023 event have put together a compelling lineup of speakers, presenters, and panelists on a wide range of topics, from sales and lending, to marketing, community management, and more. Champion Homes CEO Mark Yost will be the keynote speaker, and rightfully so. Industry professionals who have seen Yost present readily note how easily he speaks off the cuff, is able to relay mounds of technical and financial information, and above all, keeps any talk lively and interesting.
More than 100 service and supply professionals will be set up and ready for questions and answers. And representatives from multiple manufacturers will be situated in and around more than two dozen homes on display, where industry professionals can tour, gather literature on the offerings, and ask questions about the new homes.
Among the builders that will have homes in Louisville is Cavco Industries, the nation’s third-largest builder of manufactured homes. It will have seven models to show, including new homes from the Fairmont and Fleetwood brands. The largest of the models is the 1,920 square-foot, four-bedroom, two-bath Sandalwood XL by Fleetwood, and the most efficient floor plan in the group is The Phoenix from Cavco with three bedrooms and two baths in a 990-square foot floorplan.
Other industry builders with homes at the show are Skyline Champion, Clayton, Adventure, Ritz-Craft, and Prime Factory Built.
The Louisville Show has been running for more than 60 years and continues to be one of the prime industry gatherings for manufactured housing professionals. It is organized by the Midwest Manufactured Housing Federation, which represents associations in the states of Illinois, Indiana, Kentucky, Ohio, and Michigan.
More than 1,500 manufactured housing professionals are expected in Las Vegas April 7-9 as the Manufactured Housing Institute’s Congress and Expo returns to the...
With more homes, more exhibitors, and more buzz than ever before, the 2026 Biloxi Show is expanding, and fast.
The Biloxi Manufactured Housing Show &...
