According to the Manufactured Housing Institute, the delivery of manufactured homes in August 2023 was down by 19.2% compared to August 2022. This includes both single section and multi-section homes.
A decrease in manufactured home shipments compared to the previous year can indeed create a buyer's market. When supply surpasses demand, it often results in lower prices and more favorable terms for the buyer. If you're in the market for a manufactured home, this could be a good time to explore your options and potentially find better deals. Just be sure to do your research and negotiate carefully to get the best value fort your investment.
At mPark Homes, we have been using this opportunity to infill brand-new homes across many of our communities.