FHFA adds manufactured house price index

The Federal Housing Finance Agency yesterday announced new national datasets on price trends for manufactured homes.

Following yesterday’s release, pricing data for manufactured homes will be updated quarterly and included along with the flagship FHFA HPI — released monthly and quarterly — featuring publicly available data series on trends in single-family home prices. The new data release for manufactured homes 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.

According to the FHFA, house price indexes for manufactured homes increased by 7.9 percent between the second quarters of 2023 and 2024. They increased by 3.2 percent in the second quarter of 2024 compared with the first quarter. In the second quarter of 2024, the median price of manufactured homes for sale was $231,000. This represents an increase of $1,000 from the second quarter of 2023.

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