Manufactured Housing Thrives in 2024
Key Takeaways from Berkadia’s Annual Manufactured Housing Report (2024)
A Record Year for Manufactured Housing
The manufactured housing industry experienced a strong year in 2024, solidifying its position as one of the most resilient and high-performing real estate sectors. According to Berkadia’s 2024 Annual Manufactured Housing Report, the industry saw a 15.8% increase in new home shipments and a 3.5% rise in total transaction volume, signaling heightened demand and investor confidence. Additionally, median price per MHC space climbed 13.7% year-over-year, highlighting the sector’s growing value and stability.
Texas & Arizona: Powerhouse for Manufactured Housing Growth
At Comfort Capital, we focus our investments in high-growth MHC markets—and Berkadia’s 2024 report confirms why Texas and Arizona are two of the most promising states for manufactured housing investments.
Texas: The Undisputed Leader
- Texas led the nation in manufactured home shipments with 17,024 new homes delivered—nearly triple the second-highest state (Florida: 6,971 shipments).
- Texas also saw the largest numeric population growth in the U.S., adding 563,000 new residents in 2024.
- Texas also saw the largest numeric population growth in the U.S., adding 563,000 new residents in 2024.
Arizona: A Sun Belt Investment Hotspot
- Arizona ranked 14th nationwide in new MHC shipments with 2,028 homes delivered in 2024.
- The state benefits from warm climate, strong migration trends, and affordability, making it a prime market for MHC expansion.
- With 11 of the top 15 shipment states located in the Sun Belt, Arizona remains a strong secondary growth market for MHC investors.
Our firm’s focus on Texas and Arizona means we are perfectly positioned to benefit from this industry expansion. As demand for affordable housing continues to rise, we anticipate even stronger opportunities for investors in the coming years.
Big Picture: Manufactured Housing’s Strong Performance in 2024
Beyond Texas and Arizona, Berkadia’s report highlights a nationwide surge in MHC performance metrics:
- Annual home shipments increased by 15.8%, showing strong demand for manufactured housing as a cost-effective alternative to traditional homeownership.
- MHC sales volume increased 3.5% year-over-year, with institutional investors playing a larger role in acquisitions.
- Median price per MHC space rose 13.7%, reflecting strong investor confidence and rent growth in the sector.
- Occupancy rates continued climbing, with all-ages and 55+ communities experiencing steady increases over the last decade.
These numbers reinforce the strength of manufactured housing as a recession-resistant investment, offering stable returns, long-term affordability, and a strong hedge against inflation.
2024 was an exceptional year for the manufactured housing industry, with a surge in home shipments, rising rents, and increased investor activity demonstrating its resilience and long-term potential. As the affordable housing crisis persists, MHCs continue to provide a critical solution, delivering high-quality housing at a lower cost while remaining one of the most stable asset classes in real estate.
Looking ahead, we remain confident that 2025 will be another strong year for manufactured housing, with continued investment demand and further growth in key markets.
