The Future Of Manufactured Homes: ‘Investors See Value’
During the recent ‘2014 National Congress and Expo for Manufactured and Modular Housing’ event, L.A. Tony Kovach had a chance to chat with Richard Jennison – someone who knows a little something about manufactured homes. As the President and CEO of the Manufactured Housing Institute and a recent inductee to the RV/MH Hall of Fame, Mr. Jennison expressed excitement regarding the upward trajectory of the overall manufactured housing market; proclaiming…
“The industry is back!”
The Future Of Manufactured Homes: ‘Investors See Value’
First joining The Manufactured Housing Institute (MHI) back in early 2012, Richard Jennison acts as the intermediary between the federal government and the industries activism efforts. Fighting on behalf of all sectors within the manufactured housing industry. Mr. Jennison is a seasoned veteran at the negotiations game, having served in senior management positions with Amtrak, MCI, Citizens Bancorp, Omni Solutions Group, and the Brick Industry Association.
In his third year of attendance at the National Congress and Expo, Jennison was pleased to announce that this year’s event marks a notable turnaround for the manufactured housing industry. When asked by L.A. Tony Kovach about the amount of new capital flowing into the prefabricated housing industry, Richard noted that there is more interest and capital than most even realize – approximately $1-$2 billion. “People are looking to invest, they see it as a value and we are going to see a lot more money coming in.” Highlighting the fact that billions of dollars of new capital are starting to focus on the manufactured housing communities; viewing them as a fiscally responsible housing option going forward.
The Future Of Manufactured Homes: ‘Investors See Value’
When asked to summarize the manufactured housing market at large, Jensen noted, “I think a healthy sustainable growth is what we should be looking for.” Which seems like a pretty safe bet. Particularly when one considers the current stagnant wages, skyrocketing housing costs and a newly elected political body that feels no need to raise the minimum wage for the average working American.
