Economic data recently released offered the latest insight into trends and sentiment in the U.S. regarding inflation, manufactured housing data, and interest rates.
Inflation
According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations, the recent inflation data indicate the following:
- Inflation expectations: People expect inflation to stay about the same…. 3.2% over the next year and 3% over the next three to five years.
- Uncertainty: Confidence about future inflation hasn’t changed much for the short and medium term, but uncertainty dropped slightly for the five-year outlook.
- Home prices: expectations for home price growth remain steady at 3.0%, holding firm for the sixth month in a row.
Manufactured Housing Survey.
According to the Manufactured Housing Survey’s latest data, the average sales price of a new manufactured home by region from May to June 2025 shows:
- In the Northeast, the total (single-and multi-section) home prices are down by $8,300
- In the Midwest, the total (single-and multi-section home down by $2,000
- In the South, total(single- and multi-section home prices are down by $1,400
- In the West, total (single-and multi-section) home prices are down $6,800
- Overall, the U.S.total (single-and multi-section) home prices are down $1,700
Interest Rates
The Federal Reserve cut interest rates by a quarter point on Wednesday, Dec 10, as expected. Lowering borrowing costs for the third time this year.
Source: Manufactured Housing Institute (MHI)
The post Housing Market Update: Lower Prices and Interest Rates Boost Buyer Opportunities appeared first on Manufactured Homes.
