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Tornado shelters and the manufactured home parks market

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  • Kevin Simmons
  • Daniel Sutter

Abstract

Manufactured or mobile homes represent a fast growing portion of the housing market but are particularly vulnerable to tornadoes. In the US over 40% of tornado fatalities occur in mobile homes even though they comprise about 8% of US housing units. We examine the market for tornado shelters in manufactured home parks in Oklahoma. Almost 60% of parks in the state have shelters, with 90% of the shelters underground. Parks with shelters are not concentrated in urban areas but spread across the state, with parks with shelters in 32 counties. We find that rents for lots in parks with shelters are 5–8% higher, which generates sufficient revenue to approximately pay for shelters, but the point estimate is statistically significant in only one specification. Copyright Springer Science+Business Media, Inc. 2007

Suggested Citation

  • Kevin Simmons & Daniel Sutter, 2007. "Tornado shelters and the manufactured home parks market," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 43(3), pages 365-378, December.
    • Handle: RePEc:spr:nathaz:v:43:y:2007:i:3:p:365-378
    DOI: 10.1007/s11069-007-9123-4
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    1. Daniel Sutter & Marc Poitras, 2010. "Do people respond to low probability risks? Evidence from tornado risk and manufactured homes," Journal of Risk and Uncertainty, Springer, vol. 40(2), pages 181-196, April.
    2. Thomas Schmidlin & Barbara Hammer & Yuichi Ono & Paul King, 2009. "Tornado shelter-seeking behavior and tornado shelter options among mobile home residents in the United States," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 48(2), pages 191-201, February.
    3. Kevin Simmons & Daniel Sutter, 2008. "Manufactured home building regulations and the February 2, 2007 Florida tornadoes," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 46(3), pages 415-425, September.
    4. Becker, Charles & Rickert, Timothy, 2019. "Zoned out? The determinants of manufactured housing rents: Evidence from North Carolina," Journal of Housing Economics, Elsevier, vol. 46(C).
    5. Durst, Noah J. & Sullivan, Esther & Huang, Huiqing & Park, Hogeun, 2021. "Building footprint-derived landscape metrics for the identification of informal subdivisions and manufactured home communities: A pilot application in Hidalgo County, Texas," Land Use Policy, Elsevier, vol. 101(C).

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