SAN ANTONIO - The manufactured housing market is booming, according to the latest Manufactured Housing Research Report by Marcus & Millichap.
The demand for manufactured homes is on the rise — as a result of such factors as rising home prices and increased job creation. Retiring Baby Boomers looking to get a second home — often in a warmer climate — are fueling the demand for this housing product as well.
Oil and gas plays like the Barnett Shale in North Texas and the Eagle Ford Shale in South Texas are also pumping up demand for manufactured housing.
But it’s not just would-be residents that are seeking manufactured housing communities. These neighborhoods are a hot commodity among investors too — including real estate investment trusts (REITs), insurance companies and equity funds.
Read more at the San Antonio Business Journal.
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