Demand for Manufactured Housing is On the Grow!
One way to tell if a market is growing is to see who is investing in it. Recent reports of real estate investment trusts, REIT for short, have shown that the manufactured housing market is on the rise!
A REIT is a company that owns or produces income-generating, commercial real estate. Within this concept exists many sectors, including one specific to the market for manufactured housing. This sector is growing rapidly beyond the average, making it the leading sector in REIT performance.
According to an article from Urban Land, the magazine of the Urban Land Institute, retiring baby boomers are producing a consistent demand for manufactured housing, just like the homes in HomeFirst™ communities, which have access to clubhouses, fitness centers, and community events. Many of our communities have access to serene walking paths, heated pools, fitness centers, and trash pickup. In fact, with reference to the Michigan Association of Senior Centers, it is easy to find an accredited senior center near almost every single HomeFirst™ community, so there are lots of great resources nearby to support retirees and seniors.
More and more people are considering HomeFirst™’s options because the homes are more affordable than traditional housing, due to lower manufacturing costs. For example, manufactured houses can be up to $50 less per square foot than site-built homes. The market for manufactured housing is growing and HomeFirst is excited to be a part of it. With 15 beautiful HomeFirst communities to choose from, you and your family can pick a location and community that fits your lifestyle. HomeFirst™ even provides 24-hour on-site management, 5-year rate guaranteed home site leases, maintained recreational facilities, and community events. Contact us today to see how we can help you find the perfect house for your lifestyle.