Accurate news is whatever it is. Facts are what they are. Then, there’s spin, hype – or worse. Others, not us, in MHVille trade media – those who sing the Arlington, VA songs – have been talking about sunshine and “momentum.” Well, it turns out that they were right. The momentum is real.
But it is ominously momentum in reverse.
MHProNews brings you the official data, provided by the Manufactured Housing Association for Regulatory Reform (MHARR), is as follows.
Manufactured Home Production Decline Persists As 2019 Begins
Washington, D.C., March 4, 2019 – 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), year-over-year HUD Code manufactured home production declined once again in January 2019. Just-released statistics indicate that HUD Code manufacturers produced 7,556 homes in January 2019 — up from the 5,943 homes produced in December 2018, but down, 12.5%, from the 8,636 homes produced in January 2018.
This downward trend — at a time when production of the industry’s inherently affordable homes should be increasing — points once again to headwinds that the industry faces as a result of discriminatory zoning and placement restrictions in many areas of the country, but most importantly, a continuing lack of market-significant support by the Government Sponsored Enterprises for the personal property (chattel) loans which comprise nearly 80% of all consumer loans for manufactured home purchases. All of this warrants reconsideration of existing industry policies and positions, and adjustments as appropriate. This entire matter will be addressed at MHARR’s upcoming Board of Directors meeting.
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 January 2019 — with cumulative, monthly, current year (2019) and prior year (2018) shipments per category as indicated — are:
State Cumulative Current Month (Jan. 2019) 2019 2018
The latest information for January 2019 moves California into 6th place on the cumulative top-ten list, while Mississippi drops to 7th place on the cumulative shipments 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.
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The Daily Business News on MHProNews began warning about this trend over 6 months ago, based upon specific state trends, other known data, plus news tips from MHI only-member companies.
See the related reports, further below for more. Last year, even the modest projections by MHI indicated that the industry could finish with about 107,000 new homes shipped for 2018. The industry ended up over 10,000 under that modest estimate. That’s the way it is on this installment of manufactured housing professional focused “Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, commentary.)
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Motion – or, more accurately, activity – in and of itself, is not necessarily synonymous with, or equivalent to, realprogress, or, in fact, any progress at all.
