Overview
Sun communities Inc. (SUNI) is supplying low cost manufactured homes to great swathes of the population both in America and Canada. For many individuals the cost of traditional “bricks and mortar” homes are beyond their reach for a whole host of reasons. This unfortunate situation has meant that no sooner than Sun develops new sites, they fill up. In the last annual report, they reported occupancy rates in their home segments of an astounding 98%.
Also popular are their holiday rental options for both RV’s and vacation rentals.
The market
There are numerous drivers