Landy: Demand grows for manufactured homes

06/12/2013 | REIT.com

Demand for manufactured homes is growing, with Sam Landy, president and CEO of UMH Properties, reporting an uptick in occupancy. Favorable pricing is attracting renters, he says. "If they’re paying $200,000 for 980 square feet and we’re paying $80,000 for 980 square feet, we could rent our homes out at $750 a month, where they have to be over $1,000 per month," he said.

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