MHI’s Monthly Economic Report© for April 2010 is now available.
The Manufactured Housing Institute’s actual shipments report indicates that 4,817 new HUD Code homes were shipped in April 2010, up 11.2 percent from April 2009. Increases were across the board with both single-section and multi-section home shipments up compared with the same month last year.
In comparison with the first four months of 2009, 2010 started off with a decline in January (down 17.4 percent), shipments in February were essentially flat, followed by gains in March and April. In net, industry shipments for the first four months of this year stands at 15,949 homes compared with 15,641 homes in 2009, a year-to-date increase of about 2 percent.
The seasonally adjusted annual rate (SAAR) of shipments was 56,616 in April, marginally down by 0.35 percent from the rate of 56,816 posted in March. The SAAR corrects for normal seasonal variations in shipments and projects an annual shipments pace based on the current monthly total.
Total floors shipped in April 2010 were 7,840, up 9.2 percent from the same month in 2009. The number of plants reporting production in April was 135, which is three less than the number in March. The number of reporting corporations was 58, unchanged from last month.
