MHI’s Monthly Economic Report© for May 2010 is now available.
The Manufactured Housing Institute’s actual shipments report indicates that 5,023 new HUDCode homes were shipped in May 2010, up 16.9 percent from May 2009. Increases were across the board with both single-section and multi-section homes shipments up compared with the same month last year.
In comparison with the first five months of 2009, 2010 started off with a decline in January (down 17.4 percent), shipments in February was essentially flat, followed by gains in March, April and May. In net, industry shipments for the first five months of this year stands at 20,972 homes compared with 19,937 homes in 2009, a year-to-date increase of 5.2 percent.
The seasonally adjusted annual rate (SAAR) of shipments was 55,703 in May, marginally down by 1.6 percent from the rate of 56,616 posted in April. 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 May 2010 were 8,199, up 15 percent from the same month in 2009. The number of plants reporting production in May was 135, and the number of reporting corporations was 58, both unchanged from last month.
