Washington, D.C., April 7, 2011 — According to official statistics complied on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing production has continued to significantly decline in 2011. In January 2011, 2,796 HUD Code homes were produced, down from 3,210 homes in January 2010, representing a year-over-year decline of 12.89%. This trend continued in February 2011 with 2,892 HUD Code homes produced, down from 3,463 homes in February 2010, representing a year-over-year decline of 16.5%. To date, therefore, 2011 production has declined by an average of 15%. This follows on the heels of record low annual production of 49,275 homes in 2010, a decline of .8% below the previous record low of 49,683 units in 2009. This represents a drop of almost 90% since 1998, when nearly 374,000 manufactured homes were produced, and the 13th consecutive year of production declines for the only segment of the housing industry that is comprehensively regulated by the federal government.