BMO Capital Markets’ Senior Analyst Paul Adornato says the housing bubble has made mortgages tougher to get, leading people to manufactured housing (MH), and since manufactured home community owner Sun Communities, Inc. is poised to take advantage of the situation, their stock has been bumped up to an outperform rating, according to twst.com. “The typical resident of a manufactured home community, folks who were given a mortgage to buy a $150,000 or $200,000 house during the bubble, are no longer being offered that mortgage, so they are returning to the manufactured home communities. This is a very, very strong driver of Sun’s business—the return of the core customer.” As MHProNews knows, Sun owns and operates 192 manufactured housing and recreational vehicle communities comprised of 71,800 homesites. ##

(Photo credit: Sun Communities, Inc.–Palm Creek Golf and RV Resort)