The following
is a summary of the JLT &
Associates 2009 and 2008 Manufactured Home Community rent
surveys.
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
808-283-3380 with any questions.
Surveys can be ordered by
calling 808-283-3380, sending a email to JohnTurzer@gmail.com or visiting our
website www.JLT-Associates.com
where you can download reports using your VISA or Mastercard!
The surveys cover seventy-one major markets in
the United
States and include 753 “55+”
communities with 203,107 homesites. The national occupancy rate decreased by
.2% (-292 homesites) from 2008 to 2009.
The national occupancy rate is 93%. 66% of the “55+” communities surveys are
located in Florida.
Our surveys include
1,318 “All Ages” communities with 369,098 homesites. The national occupancy decreased .7%
(-2,112 homesites) from the 2008 to the 2009. The national occupancy rate is
82%. 51% of the “All Ages”
communities surveyed are located in Michigan,
Florida and
Texas.
Average adjusted
rents
(rents after deducting services) in the “55+” communities increased 4.3%
from $388 to $404 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 2.7% from $349 to $358 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 2006.
Approximately .5% of total “All Ages” homesites are occupied with
repossessed homes, down 40% from 2006.
The number of repossessed homes decreased by 7.6% from 2008 to 2009. Repossessed homes are not significant in
“55+” communities.
*********************************************
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 (808) 283-3380, (808) 442-9950 (fax) or by
email at JohnTurzer@gmail.com. Website: www.JLT-Associates.com.
