The Federal Housing Finance Agency (FHFA), the conservator that oversees the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, recently published its extensive quarterly report on US house prices and included data on manufactured housing for the first time.
The FHFA’s new MH index, still in the experimental stage, indicates that the prices of the manufactured homes purchased by the GSEs perform similarly to those of site-built properties. Although there are limits to what the data can tell us, the index suggests a need to reevaluate the presumption that manufactured homes do not appreciate at the same rate as site-built homes.
To read the full article written by the Urban Institute, go to www.urban.org.
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