Manufactured Housing Q4 Market Report: Investment Activity on an Upswing

Highlights:

  • The manufactured housing market had a very strong 2018, with occupancy rising across all regions of the country and rents posting healthy gains. Supply growth is accelerating, but the uptick in demand is outpacing the delivery of new inventory.
  • Occupancy in manufactured housing communities rose 110 basis points from 2017 to 2018, ending the year at 92.7 percent. This was the seventh straight year of occupancy improvement in the sector.
  • Rents have been pushing higher since 2002, a trend that continued in 2018 with a 3.9 percent increase nationally. Annual gains were strongest in the West region in 2018.
  • Investor demand for manufactured housing was robust in 2018, with transaction activity spiking by nearly 20 percent, the median price pushing higher, and cap rates compressing.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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