The Federal Housing Finance Agency (FHFA) has launched a new index measuring price trends for manufactured homes using national datasets.
The new index provides quarterly data on the movement and level of manufactured home prices nationally. It will be included with FHFA’s quarterly home price index.
“FHFA’s new data resource on manufactured homes provides relevant, up-to-date information on an important but less-understood segment of the housing market,” says Sandra L. Thompson, director of the FHFA, in a release. “In a housing market with elevated home prices, manufactured housing remains an affordable option. This new data should help advance discussions on responsible efforts to expand homeownership opportunities.”
The new index includes purchase-only as well as all-transactions house price indexes (the latter combining purchase and refinance data).
Both measure quarterly changes in prices since 2000, on a national scale, based on repeat-sale transactions for individual homes.
The data series on median manufactured home prices list the national median prices in dollars for every quarter since the beginning of 1985.
The price indexes and data on median prices are still in development and may undergo changes in the future.