“Looking at the July 2020 JLT Market Reports, the stability of the industry and the value provided in affordable housing is made evident by the consistently strong occupancy rates in varying markets."
GRAND RAPIDS, Mich. (PRWEB) July 03, 2020
Datacomp published July 2020 JLT Market Reports for manufactured home communities in Colorado, Delaware, New Jersey, and Wyoming, which include mobile home rent comps, occupancy, and other vital up-to-date data.
JLT Market Reports provide detailed research and information on manufactured home communities in 184 U.S.housing markets. Reports include the latest rent trends and statistics, marketing programs, and a variety of other useful management insights.
Datacomp’s JLT Market Reports are the nation’s #1 provider of market data for the manufactured housing industry. JLT Market Reports are recognized as the industry standard for manufactured home community market analysis.
July 2020 manufactured housing market data published in JLT Market Reports for Colorado, Delaware, New Jersey, and Wyoming include information on 240 “All ages” and “55+” manufactured home communities.
Altogether, the reports from the four states’ manufactured home communities include data representations for 62,673 homesites.
Regional Trends in Manufactured Housing Community Rent and Occupancy
- The West region manufactured home communities show a year-over-year 0.9% increase in occupancy to 95% as well as a 4.5% increase in adjusted rents year-over-year.
- Northeast region manufactured home communities show a year-over-year 0.2% increase to 94% as well as a 2.9% increase in adjusted rents year-over-year.
“Looking at the July 2020 JLT Market Reports, the stability of the industry and the value provided in affordable housing is made evident by the consistently strong occupancy rates in varying markets,” Datacomp Co-President and Chief Business Development Officer Darren Krolewski said. “The sustained high occupancy rates also show that the very moderate increases in rent are in line with market demand.”
What’s in JLT Market Reports?
Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment grade communities in the major markets. The detailed information includes:
- Number of homesites
- Occupancy rates
- Average community rents, and increases
- Community amenities
- Vacant lots
- Repossessed and inventory homes, and much more
JLT Market Reports also include management insights that rank communities by number of homesites, occupancy rates, and highest to lowest rents. Established reports show trends in each market with a comparison of July 2020 rents and occupancy rates to July 2019, as well as a historical recap of rents and occupancy from 1996 to present date in most markets.
The July 2020 JLT Market Reports for manufactured home communities in Colorado, Delaware, New Jersey, and Wyoming are available for purchase and immediate download online at the Datacomp JLT Market Report website, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.
Each fully updated report for mobile home communities is a comprehensive look at investment grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed business decisions.
About JLT Market Reports
For more than 20 years, countless professionals have trusted JLT Market Reports for timely and accurate management reports on land lease manufactured home communities. JLT Market Reports are currently published for 184 markets nationwide and are recognized as the industry standard for manufactured housing industry data. In 2014, JLT & Associates merged its resources, skills, and expertise with Datacomp, the industry’s oldest and largest national mobile home appraisal company and number one provider of market data for the manufactured housing industry, and MHVillage, the premier website for advertising mobile homes for sale and rent nationwide and publisher of the MHInsider trade magazine for manufactured housing news. For more information, or to purchase complete JLT Market Reports, call (800) 588-5426 or visit http://www.datacompusa.com/JLT.