Land Leasing in the US
Over the past five years to 2018, operators in the Land Leasing industry have experienced steady growth. a rising poverty rate and strict lending conditions for on-site homes persuaded many individuals to move into manufactured homes. Once economic recovery was underway, the idea was that strong economic growth would continue driving up demand for housing and improved credit conditions would incentivize potential homeowners to take out loans. However, homeownership fell during the five-year period. 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 during the period to 2023, financing the purchase of a home will grow costlier, further discouraging homeownership, particularly among younger consumers. Regardless, improved macroeconomic conditions will expand many of the industry's other markets. Therefore, industry revenue is expected to grow over the five years to 2023.
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.
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