- Both supply and demand growth for manufactured housing slowed somewhat during the fourth quarter, offsetting an otherwise strong year of performance in the sector. Despite some slowing late in the year, most property performance metrics ended 2022 in healthier positions than they were at the beginning of the year.
- Occupancy in the fourth quarter ticked up 10 basis points to 94.4 percent. The rate rose 40 basis points in 2022, ticking higher across all major regions in the country.
- With conditions tight, rents surged 6.7 percent in 2022, reaching $633 per month. The pace of rent growth accelerated in the past year; rents advanced 4.4 percent in 2021.
- After a decline in the third quarter, transaction activity slowed again to close out 2022. Rising financing costs are offsetting strong operational performance, although cap rates have begun to rise in response to the new capital markets environment. Prices still advanced in 2022, reaching $57,600 per space.