The HUD Code manufactured home industry is about a week away from the most recent manufactured housing product and shipment data release. So, the data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) recent joint announcement should be cause for pause.
As a reminder, and to contrast the rise of residential construction, MHProNews’ prior reports on state-by-state shipment data is linked below.
Comparing Manufactured Home Single and Multi-Sectional Data, State by State, 2018 vs. 2019
Additionally, the summary graphic produced by MHProNews based upon data reported by the Manufactured Housing Association for Regulatory Reform (MHARR) is found below.
With that backdrop, here below is the new residential construction statistics for September 2019.
Building Permits
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,387,000. This is 2.7 percent (±1.3 percent) below the revised August rate of 1,425,000, but is 7.7 percent (±2.4 percent) above the September 2018 rate of 1,288,000. Single‐family authorizations in September were at a rate of 882,000; this is 0.8 percent (±0.8 percent)* above the revised August figure of 875,000. Authorizations of units in buildings with five units or more were at a rate of 470,000 in September.
Housing Starts
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,256,000. This is 9.4 percent (±9.4 percent)* below the revised August estimate of 1,386,000, but is 1.6 percent (±11.6 percent)* above the September 2018 rate of 1,236,000. Single‐family housing starts in September were at a rate of 918,000; this is 0.3 percent (±9.3 percent)* above the revised August figure of 915,000. The September rate for units in buildings with five units or more was 327,000.
Housing Completions
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,139,000. This is 9.7 percent (±9.2 percent) below the revised August estimate of 1,262,000
and is 1.0 percent (±9.9 percent)* below the September 2018 rate of 1,150,000. Single‐family housing completions in September were at a rate of 852,000; this is 8.6 percent (±9.3 percent)* below the revised August rate of 932,000. The September rate for units in buildings with five units or more was 285,000.
Additional information on methodology and the summary of the above provided by HUD and the Census Bureau to MHProNews is found linked here as a download.
Given that report, it is almost hysterical – or a cause for concerns and tears – to think that after reading that data that the Manufactured Housing Institute (MHI) and some claim of their blogging mouthpieces dare claim that gaslighting is occurring–-here. Seriously? After touting industry momentum, the post-production ‘umbrella’ MHI trade group and their toadies can’t have it both ways, can they?
For authentic reports based upon facts, evidence, reason, and follow the money evidence, it is all found here once again in your final ‘almost midnight’ installment today of the #1, most read, manufactured home professional‘s “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. Connect with us on LinkedIn here and and here.
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