MHI’s Monthly Economic Report© for June 2010 is now available.
The Manufactured Housing Institute’s actual shipments report indicates that 5,430 new HUD Code homes were shipped in June 2010, up 21.8 percent from June 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 half of 2009, 2010 started off with a decline in January (down 17.4 percent), shipments in February were essentially flat, followed by consistent gains in March through June. In net, industry shipments for the first six months of this year stands at 26,402 homes compared with 24,395 homes in 2009, a year-to-date increase of 8.2 percent.
The seasonally adjusted annual rate (SAAR) of shipments was 59,235 in June, up by 6.3 percent from the rate of 55,703 posted in May. 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 June 2010 were 8,789, up 19.2 percent from the same month in 2009. The number of plants reporting production in June was 133, and the number of reporting corporations was 57, both reduced from the prior month.
