I'm mostly on the sidelines regarding the housing/treasury position until the smoke clears a little more on mortgage expansion. In the meantime, I noticed that manufactured homes just had their best quarter is quite some time, with unit sales up about 20% over last year. Could this be the outlet valve for some of the pent up demand for housing?
Manufactured home sales are well below previous norms. It seems to me that sales could easily double from here, or more. And, if financing might be able to expand since much of it is outside the traditional bank-held or conventionally securitized mortgage market, maybe manufactured homes get a boost for households without other options.