FOR IMMEDIATE PRESS RELEASE
From:
John M. Turzer, President
Subj:
National Manufactured Home Community Rent Survey
Summaries
Date: November 2009
Attention Clients and Real Estate
Professionals!!
The following is a summary of our 2009 and 2008 Manufactured Home Community rent
surveys.
Occupancy numbers DO NOT
INCLUDE repossessed homes as reported by the on-site
personnel. Please feel free to share this
information with your staff and associates. As always, just call us at
Surveys can be ordered by
calling
JLT & Associates….#1 in Market Research
for the manufactured housing
industry!
NATIONWIDE
SUMMARY
Our surveys cover
seventy-one major markets in the
Our surveys include
1,318 “All Ages” communities with 369,098 homesites. The national occupancy decreased .7%
(-2,112 homesites) from the 2008 to the 2009. The national occupancy rate is
82%. 51% of the “All Ages”
communities surveyed are located in
Average adjusted
rents
(rents after deducting services) in the “55+” communities increased 4.3%
from $388 to $404 per month. Many
communities include some service(s) such as water, sewer, trash removal, lawn
mowing and/or cable TV in the monthly rent.
Average adjusted
rents
(rents after deducting services) in the “All Ages” communities
increased 2.7% from $349 to $358 per month. Many communities include some service(s)
such as water, sewer, trash removal, lawn mowing and/or cable TV in the monthly
rent.
Repossessed
Homes –
The number of repossessed homes located in “All Ages” communities has
decreased steadily from 2006.
Approximately .5% of total “All Ages” homesites are occupied with
repossessed homes, down 40% from 2006.
The number of repossessed homes decreased by 7.6% from 2008 to 2009. Repossessed homes are not significant in
“55+” communities.
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