Manufactured housing is typically the most affordable non-subsidized housing option in most markets. Roughly 7% of the US population lives factory-built manufactured homes and shipments of these units represent roughly 10% of housing starts in a typical year (although they are not included in the official US Census Bureau estimates).
Due to local zoning ordinances, the placement of manufactured homes ("MH") and recreational vehicles ("RV") is generally limited by municipalities to designated "land lease" communities, of which there are roughly 38,000 across the country.
Manufactured
housing
Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
---|---|---|---|---|---|---|---|---|---|
SUI | Sun Communities | Manufactured Housing | 16.16 | 2.87% | Quarter | 18.4 | 29% | 1.5% | |
ELS | Equity Lifestyle | Manufactured Housing | 13.33 | 2.50% | Quarter | 25.2 | 22% | 3.2% | |
UMH | UMH Properties | Manufactured Housing | 0.97 | 5.60% | Quarter | 17.2 | 41% | 2.4% | |