REIT Rankings: Manufactured Housing

manufactured housing reits

(Hoya Capital Real Estate, Co-produced with Brad Thomas)

Manufactured Housing REIT Overview

Manufactured Housing REITs (“MH REITs”) have proven to be immune from coronavirus-related headwinds that have slammed much of the real estate sector, collecting nearly 100% of rents, while also boosting dividends this year. Within the Hoya Capital Manufactured Housing REIT Index, we track the three MH REITs, which account for roughly $25 billion in market value: Equity LifeStyle Properties (ELS), Sun Communities (SUI), and UMH Properties (UMH). In addition to MH communities, these REITs also manage transient, seasonal, and membership-based RV parks and boat marina, which account for roughly 30-40% of the REITs’ portfolio.

mobile home REITs

While not included in the REIT indexes, it should be noted that Cavco Industries (CVCO) and Skyline Champion Corp. (SKY) are the largest publicly traded builders of manufactured homes, while Winnebago Industries (WGO), Thor Industries (THO), and Camping World Holdings (CWH) are all closely linked to the performance of the RV sector. MH units, colloquially known as “mobile homes”, are typically the most affordable non-subsidized housing option in most markets. MH REITs own roughly 5% of the five million manufactured housing sites in the United States. MH REITs comprise 2% of the “Core” REIT ETFs and also represent 4% of the Hoya Capital US Housing Index, the benchmark that tracks the GDP-weighted performance of the US housing industry.

housing 100 index

Roughly one in twelve Americans live in a factory-built manufactured home, and shipments of these units represent roughly 10% of housing starts in a typical year. The quality and appearance of MH sites can vary significantly from communities that are indistinguishable from a typical single-family, master-planned community to the stereotypical “trailer parks”. These REITs generally own communities in the higher tiers of the quality spectrum and are more “retiree-oriented” than the

CANDLEWOOD — Two of the lake authority’s patrol boats were put out of commission this summer, coming at a time when the coronavirus and increased traffic on the lake put even more of a strain on the marine patrol.

The Candlewood Lake Authority now seeks $60,000 from each of the five lake towns to purchase two new patrol boats in time for the summer. None have made a decision yet.

“I’ve never seen a season like this,” Mark Toussaint, one of New Milford’s delegates, told New Milford Town Council this week. “We really need your help.”

New Fairfield, New Milford and Sherman have all decided to vote on approving funding later after receiving more input and information, including where that money would come from in their own budgets. The lake authority is expected to present the proposal to Brookfield and Danbury next week.

The towns have until the end of the month to decide so that the boats can be prepared in time for the season. Some are considering approving the funds as long as all of the other towns do too.

Costs range from about $100,000 for a Boston Whaler to about $150,000 for the Metal Shark. The third main option is about $143,000 for a Silver Ships.

Authority members said they would prefer an aluminum hull, which is more expensive than a fiberglass one, because of all of the towing the marine patrol does. It’s also becoming the standard among patrol and fire boats.

“I think we need to take our equipment to the next level,” Toussaint said.

These options were selected based on the authority’s research and speaking with other lake authorities and law enforcement throughout Connecticut and the northeast.

“We know it’s a difficult time for municipalities,” said Joan Archer, a New Fairfield authority delegate. “It’s

For Immediate Release

Chicago, IL – October 1, 2020 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: YETI Holdings, Inc. YETI, Malibu Boats, Inc. MBUU, NIKE, Inc. NKE, K12 Inc. LRN and Activision Blizzard, Inc. ATVI.

Here are highlights from Wednesday’s Analyst Blog:

Solid Consumer Confidence Confirms Economic Stability: 5 Picks

September is set to become the first month since March to record a sharp decline in stock markets. With just one day of trading left for this month, the three major indexes — the Dow, the S&P 500 and the Nasdaq Composite — are down 3.4%, 4.7% and 5.9%, respectively.

However, surprising many financial experts, Americans have expressed their highest level of confidence in the economy in September since March. In other words, U.S. consumer confidence reached the highest level in September since the coronavirus outbreak.

Consumer Confidence Jumps in September

On Sep 29, the conference board reported that its consumer confidence index for the month of September came in at 101.8, the highest in six months. The metric exceeded the consensus estimate of 89.6. Notably, consumer confidence increased in September after back-to-back monthly declines.

Meanwhile, the August index was also revised upward to 86.3 from 84.8 reported earlier. The index in September marked the biggest one-month jump in 17 years. However, the consumer confidence index remained below its pre-pandemic level of 130.7 recorded in February.

The Present Situation Index, which gauges consumers’ views on current market conditions, climbed from 85.8 in August to 98.5 in September. Moreover, the Expectations Index, which is a measure of consumers’ short-term (for the next six months) outlook for income, business and labor