Over the past five years, operators in the Land Leasing industry have experienced steady growth. With an increase in price for single-family conventional homes as well as apartment rental rates in the past five years, manufactured home properties provide substantial value for low-income families, retirees and first-time home buyers. The increasing price of homes throughout the country will continue to price many would-be homeowners out of the market. Additionally, with the Federal Reserve widely expected to raise rates over the period, financing the purchase of a home will grow costlier, further discouraging homeownership, particularly among the young. While this will largely affect traditional housing, many manufactured home purchases are made on personal loans at higher interest rates.
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.