KBRA releases research that provides an overview of the manufactured housing (MH) sector with a focus on consumer lending. MH consumer financing includes both chattel and mortgage loans, both of which are suitable for securitization.

Despite softening home prices and the Federal Reserve signaling it will continue lowering interest rates, the costs of single-family homeownership remain significantly higher than before the pandemic. Renters are also feeling increased pressure, with national rents up 31% compared to pre-pandemic levels due to inflation and other factors. Given the elevated costs of homeownership and renting, MH is increasingly becoming an attractive affordable housing option compared to site-built homes and rentals.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1006675

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