While the conventional new and existing (resale) housing markets have tended to trend down for much of 2022, the Manufactured Housing Association for Regulatory Reform (MHARR) reports that new HUD Code manufactured home shipments have continued their year-over-year production rise. Citing officially collected data, the MHARR report is provided below. It will be followed by additional facts and information not found in their report. Note that similar facts from MHARR where in years gone by were provided by the Manufactured Housing Institute (MHI) too, but now someone has to pay to access it behind the MHI login. When MHARR, the RV industry, the National Association of Home Builders (NAHB), and the National Association of Realtors are among the trade association that provide such data free to the public, what is MHI’s logic in denying it free access to the public of such insightful facts?
Those points noted, here is the MHARR report to MHProNews.
MH PRODUCTION GROWTH CONTINUES IN SEPTEMBER 2022
Washington, D.C., November 3, 2022 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production increased in September 2022. Just-released statistics indicate that HUD Code manufacturers produced 9,381 homes in September 2022, a 3.9% increase over the 9,025 new HUD Code homes produced in September 2021. Cumulative production for 2022 now totals 89,812 homes, a 13% increase over the 79,435 homes produced during the same period in 2021.
A further analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through September 2022 — with cumulative, monthly, current year (2022) and prior year (2021) shipments per category as indicated — are:
The September 2022 data results in no changes to the cumulative top-ten shipment list.
The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.
— 30 —
Manufactured Housing Association for Regulatory Reform (MHARR)
1331 Pennsylvania Ave N.W., Suite 512
Washington D.C. 20004
Phone: 202/783-4087
Fax: 202/783-4075
Email: MHARR@MHARRPUBLICATIONS.COM
Website: manufacturedhousingassociation.org
Additional Information with More MHProNews Analysis and Commentary in Brief
According to the U.S. Census Bureau is the following recently published manufactured housing data.
Average Sales Price of New Manufactured Homes
by Region and Size of Home
By Month of Shipment
(Dollars)
| United States | Northeast | |||||
| Total1 | Single | Double | Total1 | Single | Double | |
| 2022 | ||||||
| May | 124,900 | 85,800 | 159,200 | 121,500 | 82,100 | 148,500 |
| April | 132,000 | 83,100 | 168,000 | 128,900 | 87,200 | 154,700 |
| March | 129,200 | 87,300 | 156,600 | 117,900 | 97,400 | 145,300 |
| February | 128,000 | 87,700 | 156,300 | 130,600 | 76,000 | 152,700 |
| January | 122,500 | 84,600 | 152,800 | 120,600 | 85,900 | 141,800 |
| Midwest | South | West | |||||||
| Total1 | Single | Double | Total1 | Single | Double | Total1 | Single | Double | |
| 2022 | |||||||||
| May | 112,300 | 83,600 | 148,800 | 124,400 | 85,900 | 162,400 | 142,000 | 91,900 | 156,100 |
| April | 110,400 | 80,500 | 147,800 | 132,100 | 83,500 | 169,900 | 155,400 | 82,400 | 176,600 |
| March | 118,500 | 90,000 | 154,200 | 127,400 | 85,200 | 154,400 | 156,100 | 89,800 | 171,600 |
| February | 115,900 | 82,400 | 155,500 | 126,300 | 89,500 | 155,000 | 150,100 | 85,100 | 163,600 |
| January | 108,300 | 82,800 | 145,400 | 122,700 | 85,400 | 153,300 | 140,800 | 80,700 | 161,000 |
An array of reports in 2022 reveal that conventional housing has overall slowed down significantly in recent months. The savings, 401Ks, and other investments of millions have been eroded to the tune of trillions of dollars.
The public’s ability to access ‘affordable’ housing priced under $200,000 has been described as ‘a myth’ in many markets.
Those facts and evidence-based insights help shed light on why manufactured housing continues to grow.
That noted, while manufactured home sales and production have continued to grow, manufactured housing is not yet growing at the pace that would yield a swift return to 500,000+ annual new manufactured home shipments. Yet, after being quietly slapped down for saying on camera during a video interview (shown below) with MHProNews that manufactured housing should ‘grow slowly’ – an outrageous, but in hindsight, revealing remark – prior Manufactured Housing Institute (MHI) president Richard “Dick” Jennison admitted that the industry’s goal should be much higher than the last peak achieved in 1998.
Jennison said 500,000 was a reasonable goal. Because the industry exceeded that production level in the early 1970s, with a larger population and greater technology, certainly an even higher level of sustainable production is possible today.
In that same address to dozens of industry members live at a Louisville Manufactured Housing Show, Jennison also praised MHProNews for our balanced reporting.
Furthermore, whether he meant that compliment to our publication or not, either one is telling.
An evidence-based case can be made that MHI palters, postures, projects, and proclaims – with words – that they are working for “all segments” of manufactured housing. But then MHI’s leaders magically fail to do or achieve what common sense demands, and which their own leaders have said is attainable. Given that MHI leaders – on paper – agree with MHARR and the need for federal officials to implement good laws that are already in effect and have been for years, that begs the question. Why doesn’t MHI do for manufactured housing what the Institute for Justice (IJ) is doing for tiny houses? For example, launching local lawsuits or pressing local jurisdictions for the rights that manufactured housing successfully worked to achieve in the days when MHI and MHARR teamed up to enact the Manufactured Housing Improvement Act of 2000? That obvious legal strategy of ‘lawfare’ is clearly being ignored by MHI. Why is that? Who does the status quo benefit?
Facts and evidence like the MHARR September production report, or other complimentary reported examples linked herein, ought to be spell boom days for manufactured housing. But that potential boom will only occur IF the industry’s ‘leaders’ post-production trade group leaders were doing their claimed jobs properly. It is third-party researchers, like James A. Jim Schmitz Jr of the Minneapolis Federal Reserve that have spelled out the increasingly obvious examples of “sabotaging monopolies” that have kept manufactured housing underperforming.
What are the reasons or apparent motivations for key MHI members to fail to act in a fashion that would cause manufactured housing to soar to the heights that Jennison admitted was possible? In a word, consolidation. That is what years of evidence and following the money trail points toward. If the industry were soaring, consolidation would be more difficult, if not impossible.
There is no known evidence that MHI is gearing up to team up with MHARR and sue to get the industry’s rights fully and properly enforce. With a possible wave election coming, and with Republican lawmakers pledging to do serious probes of issues that include problems caused by the purported tech monopolies. Monopoly power, in the sense used by Schmitz and his colleagues, is recognized as an issue by others too, well beyond the tech sector. The Democratically run Biden White House may talk a good game, but as antitrust writer Matt Stoller pointed out recently, even the American Bar Association (ABA) has pointed said that the Biden antitrust efforts are ‘all bark and no bite.’
What these various facts imply, once assembled into a coherent picture is that Republicans have both been pulled and pushed into a position where they are embracing an Americans First policy. That’s not to say that the industry should not work with Democrats, of course that is prudent and good. But with Democrats obviously acting in ways that benefit the consolidators of other professions, not just manufactured housing, it is ever more apparent that voting Republican in 2022 and then pressing both parties in the aftermath of the midterms is the possible ticket for unlocking the good federal laws that have for too long been dormant.
To veer back to more granular manufactured home facts, see the trends in manufactured housing detailed in last month’s recap. That exclusive MHProNews report is linked below.
Then ask yourself. Why is such information provided herein not found on other manufactured housing industry trade publications or bloggers sites? Is it any surprise that they are routinely in the MHI ‘amen corner?’
To learn more about from the only trade publications in MHVille (MHProNews.com/MHLivingNews.com) that dares pull back the veil that exposes MHI’s amen corner even while MHI’s leaders duck discussion of their performance.
This third-party video calls to mind a question MHProNews has asked. What happened to MHI’s talk about using Section 8 vouchers to sell more manufactured homes?
Can you hear the crickets?
Noting that not all news is ‘fake news,’ in an era when fake news is all too common, it is time to sift past the chaff, keep the pure wheat and then act prudently upon that evidence.
It is only by looking into the rear-view mirror consistently and persistently, while keeping current facts, events, and trends in mind that the truth begins to emerge.
If you haven’t voted early, do whatever it takes to lawfully vote on or before November 8, 2022. It may seem dark, but it is always darkest before the dawn. Oh, come the dawn of a new era for America and Manufactured Housing!
Daily Business News on MHProNews Markets Segment
NOTICE: Based on feedback, a modification of our Daily Business News on MHProNews recap of yesterday evening’s market report is provided. It will still include our left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
Reminder: several of the graphics on MHProNews can be opened into a larger size. Click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the escape or back key to return.
Headlines from left-of-center CNN Business – from the evening of 11.3.2022
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Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. Mortgage rates dip back below 7%
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In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. GOP’s Brad Raffensperger: Abrams’ Voter-Denial Claims ‘Silly’
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===================================
- NOTE 1: The 3rd chart above includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
- Note 4: some recent or related reports to the equities named above follow.
2022 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
