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Throughout the COVID-19 pandemic, commercial-property owners and investors have seen the hospitality, retail and office sectors grapple with the impact of working and staying at home. Yet commercial real estate transactions are still closing in the multifamily-housing sector. In particular, manufactured-housing communities (MHCs) have shown resiliency during the pandemic.
As the growth in housing costs continue to outpace wage increases, manufactured housing is one of the fastest-growing housing segments. It is, in many locations, the only form of truly affordable detached housing available in the U.S. As a result, MHCs are thriving despite the economic downturn and represent an area of opportunity for real estate finance professionals.
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