FOR IMMEDIATE PRESS RELEASE
From:
John M. Turzer, President
Subj:
National Manufactured Home Community Rent Survey
Summaries
Date: June 2010
Attention Clients and Real Estate
Professionals!!
The following is a mid year summary of our 2010 and 2009 Manufactured Home Community rent
surveys. For the
surveys that will be updated during the second half of 2010, the data covers
2009 and 2008. This report will be
updated in December 2009 when all of our 2010 surveys are
complete.
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
1,316 “All Ages” communities with 368,429 homesites. The national occupancy decreased 1%
(-3,034 homesites) from the 2009 to the 2010. The national occupancy rate is
81%. 51% of the “All Ages”
communities surveyed are located in
Average adjusted
rents
(rents after deducting services) in the “55+” communities increased 2.6%
from $402 to $412 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 2.1% from $362 to $377 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 2007.
Approximately .4% of total “All Ages” homesites are occupied with
repossessed homes, down 36% from 2007.
The number of repossessed homes decreased by 19.6% from 2009 to
2010. Repossessed homes are not
significant in “55+” communities.
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John Turzer is the President
of JLT & Associates, a full service real estate market research company
specializing in the manufactured housing industry. The company conducts pre-acquisition and
new community development market research, due diligence, a one-day sales
training program and client specific consulting projects. JLT & Associates also prepares
and markets manufactured home community rent surveys for 71 markets
nationwide including Albuquerque, Atlanta, Las Vegas, Greater
Phoenix, Tucson, Salt Lake City, Kansas City, Minneapolis/St. Paul, Raleigh,
Charlotte, Seattle and major markets in Florida, Texas, Michigan, New York,
Colorado, Oregon, Indiana and Ohio.
He can be reach at
