MHI’s Monthly Economic Report© for August 2010 is now available.

The Manufactured Housing Institute’s actual shipments report indicates that 4,862 new HUD-Code homes were shipped in August 2010, up 8.7 percent from August 2009. Trends by housing type varied with multi-section home shipments marginally down compared with the same month last year, while single section home shipments showed a more than 25% increase.

In looking across the first eight months of 2009, 2010 started off with a decline in January (down 17.4 percent), shipments in February were essentially flat, March, April, May and June all registered gains, followed by a decline in July and August’s gain. Over the period, total industry shipments stand at 35,521 homes compared with 33,294 homes in 2009, a year-to-date increase of 6.7 percent.

The seasonally adjusted annual rate (SAAR) of shipments was 50,226 in August, down by 7.4 percent from the rate of 54,247 posted in July. 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 August 2010 were 7,771, up 4.5 percent from the same month in 2009. The number of plants reporting production in August was 133 and the number of reporting corporations was 56, both down by one from the July levels.

Please click the link to access the PDF document (requires Adobe Reader v5.00 or higher to view.). Click here

If you are an MHI member, you can also access the report on MHI’s website at www.manufacturedhousing.org.