• Manufactured Housing REITs snapped an incredible streak of nine straight years of outperformance over the REIT Index in 2022, impacted by headwinds from higher interest rates and hurricane-related disruptions.
• Despite their REIT-leading growth rates, Manufactured Housing ("MH") REITs have historically been among the most interest rate-sensitive sectors due to their counter-cyclical demand profile and remarkable operational consistency.
• While rent growth has moderated from record-high levels across other residential property types, MH revenue growth is poised to accelerate in 2023, driven by their under-appreciated...

SNOW HILL– Plans for the expansion of a West Ocean City mobile home park moved ahead last week following approval by county officials.

The Worcester County Planning Commission last Thursday voted unanimously to approve a site plan for Salt Life Park. The project consists of a 34-lot expansion of an existing manufactured home park on Old Bridge Road.

“It’s really a nice continuation of the old park,” attorney Hugh Cropper said.

Cropper told the commission his client, Mark Odachowski, had purchased the existing park and started working to improve it. The 34-lot expansion is part of that improvement effort.

“It was really an eyesore,”...

SOUTH CONGAREE, S.C. (WIS) - A scrutinized South Congaree landlord was arrested on Tuesday for allegedly renting out a mobile home in a park that’s closing in two months.

Landlord Naomi Halter faces the misdemeanor charge of operating without a business license.

Tuesday morning a Lexington County judge granted her a personal recognizance bond, allowing her to await her court dates outside of jail without putting down any money.

The Town of South Congaree pulled her business licenses last August and her appeal failed in November.

In denying the appeal, the South Congaree Town Council triggered an ordinance-mandated eviction process for the...

JUANA SUMMERS, HOST:

Private investors have been buying up mobile home parks across the country, threatening to raise fees or close the parks altogether. From member station WBUR in Boston, reporter Simon Rios takes us to a community near Cape Cod where residents decided to fight back.

BOB COSTA: How's everything going?

UNIDENTIFIED PERSON #1: Good.

COSTA: Good - good to see you. How's it been?

SIMON RIOS, BYLINE: Bob Costa is like an unofficial mayor of Royal Crest Mobile Home Park in Wareham. On a recent afternoon, he walked through the park, saluting everyone he saw with a big smile.

UNIDENTIFIED PERSON #1: It's all right.

COSTA: You...

STARK COUNTY, Ohio — Neighbors in several Northeast Ohio retirement communities are grappling with drastic rent hikes after a company took over properties in Navarre and Elyria. The seniors, many of whom are living on fixed incomes, worry how they’ll afford to stay in their homes.

News 5 stories highlighting the concerns are now being cited by Congress in a demand for answers.

Monday, U.S. Senator Sherrod Brown issued a letter to Legacy Communities, LLC about the steep rent hikes at Navarre Village and Twin Lakes. He also sent one to the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, requesting a review of its...

LEE COUNTY, Fla. — Since Hurricane Ian, the Indian Creek RV Resort and Manufactured Home Community in Lee County still has zero water and zero electricity access in the park. 

“We moved here two weeks before Hurricane Ian and now we can’t move back in,” said resident Mike Jablonski. 

The park, according to residents, houses about 1,500 lots that were mostly full before the hurricane. 

“That’s 1,500 people now displaced,” said resident Clara Maggio.

The people in the park own their homes or RVs for the most part, but lease the lots at the park located on San Carlos Blvd, just over three miles from Fort Myers Beach. 

“That means they (Sun...

John Piazza remembers when he first moved to Lee’s Trailer Park in Revere in 2000, after his rent skyrocketed in Boston.

Piazza fell in love with a 720-square-foot mobile home, finding it more spacious and affordable than his small apartment in the North End.

He said the park owners charge him just $575 a month for the lot under his home — a fraction of what he would pay in rent for an apartment in Greater Boston. He also paid $20,000 for the mobile home itself, far less than the cost of a traditional single-family home or condo.

The 84-year-old planned to spend the rest of his days at Lee's Trailer Park. But last year, the park was sold...

On Tuesday, the National City Council moved forward with a new ordinance that will provide a temporary rent cap for all mobile home parks within city limits. The ordinance goes into effect on Jan. 1, 2023, and is good through the end of 2024. 

The decision to intervene in mobile home parks, which typically fall under state jurisdiction, comes after the Keystone Trailer Park increased its rent by 20 percent on July 1. Elected officials said the ordinance was a good first step but acknowledged that more work needed to be done to keep the cost of housing low. 

“It is long overdue,” said City Councilman Jose Rodriguez. “We need to make sure...

On the first day of December in 2018, Sharon Parmelee moved into Greenwood Village RV Park with her mobile home. She signed a month-to-month rental agreement and started paying $312 per month in lot rent fees in the park, which is located just outside of Kalispell city limits along U.S. Highway 2.

The mobile home park, which has roughly 85 manufactured homes and RVs in addition to a hotel and cabin accommodations called Greenwood Village Inn and Suites, is home mostly to individuals over the age of 50, many of whom are veterans, senior citizens or people living with disabilities on a fixed income.

About six months after Parmelee moved...

You finally graduated from college at 28, moved out of your parent's basement at 30, married your best friend at 32, and now she is pregnant. You’re 33, and now you want to buy a house and quit paying rent. But you’re squeezed between sky-high housing costs and rising interest rates.

Millennial couples are the largest single block of prospective homebuyers.  But during the pandemic, home prices in Georgia skyrocketed, and in 2022 borrowing costs more than doubled.

FOX 5 real estate expert John Adams says today’s millennial home buyers can get out of paying rent every month by buying a "manufactured house" from one of several manufacturers...

The members of the 55 and older community said they can't use water, flush toilets or turn on lights because everything is powered by electricity.

Carbondale-based social justice nonprofit group this week went under contract to buy a 20-unit mobile-home park outside of Glenwood Springs for $2.4 million in an attempt to buck the trend of displacement and affordable-housing destruction at the hands of private-equity groups buying Colorado parks.

The Roaring Fork Community Development Corp. — the affordable housing arm of the nonprofit Manaus — intends to transfer ownership in coming years to 3-Mile Mobile Home Park’s residents, who own their trailers but pay rent for the land on which they sit.

The sellers are the children of the late Ben Krueger, a longtime Vail Valley resident who...

Rents and home prices rose dramatically in Florida over the past few years.

In an annual trends report published earlier this year, the Florida Housing Coalition documented the progress and challenges to achieving housing affordability in the state.

The incoming CEO of the housing coalition, Ashon Nesbitt, said there’s positive and negative indicators to note.

Although fewer people are experiencing homelessness in Florida compared to a decade ago, residents are being exponentially squeezed by housing costs.

“Homelessness is decreasing throughout the state, but because of the cost-burden issue at the same...

BARNSTABLE — A Superior Court judge found on Wednesday that Crown Communities LLC is the rightful buyer of a Pocasset mobile home park.

The 15-page decision comes after a years-long legal battle between the Wyoming investment firm and the Pocasset Park Association, with both sides seeking ownership of the Bourne park, which is home to about 170 people at its prime location off Barlow's Landing Road.

"The Association lacked sufficient support (and authority) to exercise lawfully its right of first refusal and to purchase the park," wrote Judge Michael Callan, who decided the jury-waived trial.

In a statement to the Times, Walter B....

MOORHEAD — For many Bennett Park Cooperative residents, news of $2.6 million to better the manufactured home park’s infrastructure came as a surprise.

But most knew how they wanted the money to be spent.

“The roads. I hope it will help the roads around here,” said Edwin Eumans, a resident of the park for 10 years.

Other residents said the streets inside the park are filled with potholes, which cause damage to vehicles.

Eumans said the roads have drainage problems; rain pools during summer. In the winter, when snow and ice cover the roads, the potholes aren’t visible.

Some of the manufactured homes aren't suitable for extreme cold. Back...