KBRA Releases Research – Manufactured Housing 2.0: Affordable Housing From the Factory Floor
8 Nov 2024 | New York
KBRA releases research that provides an overview of the manufactured housing (MH) sector with a focus on consumer lending. MH consumer financing includes both chattel and mortgage loans, both of which are suitable for securitization.
Despite softening home prices and the Federal Reserve signaling it will continue lowering interest rates, the costs of single-family homeownership remain significantly higher than before the pandemic. Renters are also feeling increased pressure, with national rents up 31% compared to pre-pandemic levels due to inflation and other factors. Given the elevated costs of homeownership and renting, MH is increasingly becoming an attractive affordable housing option compared to site-built homes and rentals.
Click here to view the report.