On October 9, FHFA
introduced a new Manufactured House Price Index to provide quarterly data on price trends for manufactured homes, a market segment which it noted is an affordable option for homebuyers. The new data series includes both purchase-only and all-transactions house price indexes, based on real-property conventional mortgages acquired by Fannie Mae and Freddie Mac. The indexes measure quarterly price changes since 2000, while the median prices data series lists national median prices in dollars for every quarter since 1985.
Key findings from the latest data reveal that house price indexes for manufactured homes increased by 7.9 percent between the second quarters of 2023 and 2024, and by 3.2 percent in the second quarter of 2024 compared to the first quarter. The median price of manufactured homes for sale in the second quarter of 2024 was $231,000, up $1,000 from the same period in 2023. FHFA will update the house price indexes and median prices for manufactured homes quarterly, with the next update scheduled for November 26.
