Land Leasing in the US - Industry Market Research Report

Land Leasing in the US - Industry Market Research Report

  • October 2020 •
  • 52 pages •
  • Report ID: 619187 •
  • Format: PDF
Stake a claim: An aging population is expected to support revenue growth

Abstract

Land Leasing in the US
Over the five years to 2019, operators in the Land Leasing industry have experienced steady growth. Manufactured homes are relatively inexpensive; therefore, leasing arrangements offer a more affordable alternative to traditional on-site housing. With an increase in price for single-family conventional homes, as well as apartment rental rates over the past five years, manufactured home properties provide substantial value for low-income families, retirees and first-time homeowners. During the five-year period, the Land Leasing industry showed signs of organic growth. This growth is expected to come as a result of an improving housing market, which is exemplified by an increase in the homeownership rate over the five years to 2019. The increasing price of homes throughout the country is expected to continue to price many would-be homeowners out of the market. Additionally, with the Federal Reserve widely expected to raise interest rates during the period, financing the purchase of a home is expected to grow costlier, further discouraging homeownership, particularly among younger consumers. Regardless, improved macroeconomic conditions is expected to expand many of the industry’s other markets.

Operators in this industry act as lessors of real estate that does not include permanent buildings; such real estate includes manufactured home, including mobile home, sites, vacant lots and grazing land. Manufactured and mobile home sites are residential developments for the placement of detached, single-family manufactured homes that are produced off-site. These are then installed within the community on a residential site that is leased by the homeowner.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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