Land Leasing in the US
Over the past five years, the Land Leasing industry has steadily recovered from the recession. While high unemployment and a tight credit market reduced demand for land leasing in the aftermath of the recession, an increase in the poverty rate and a devastated housing market eventually drove demand for land leasing from manufactured home owners, putting the industry on a path to recovery. Over the next five years, an expansion in the retired population, a major industry market, will sustain demand for leased land. However, continued recovery in the traditional housing market will temper the industry's growth propsects.
Operators in this industry act as lessors of real estate that does not include permanent buildings; such real estate includes manufactured home (i.e. mobile home) sites, vacant lots and grazing land. Manufactured and mobile home sites are residential developments for the placement of detached, single-family manufactured homes that are produced off-site. These are then installed within the community on a residential site that is leased by the homeowner.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.