“Home building in the United States skyrocketed to a 12-month high in October, going by the Commerce Department data released on Nov 17,” commented an analysis by Nasdaq.
“The feat was achieved after the effect of the two devastating hurricanes ebbed. Most of the gains came from the South and the Midwest. Texas and Florida, especially, reported gains, most of which were backed by repair and rebuilding in the hurricane-ravaged areas,” their report said.
Nasdaq states “there can not be a better time to invest in home-building stocks.”
Among the 5 operations they recommended was, “Universal Forest Products (UFPI) manufactures, treats and distributes lumber products for the manufactured housing, wholesale lumber and industrial markets.” UFPI is one of the stocks tracked on the Daily Business News market report. Last night’s closing number, including UFPI, are linked below.
Compare to Manufactured Housing
A projection by one of the larger companies indicates that HUD code manufactured home shipments may finish the year at some 92,000 homes (+/-).
The latest industry shipment report, and graphics are linked below.
Manufactured Housing Latest Shipment Data, Trends, Compared to Conventional Housing Growth
As MHProNews has reported, there is a need for over 8 million housing units.
Current and former managers with tech giants believe the only way to close the gap between the needs of the nation, and the ability to build enough homes are via factory building.
A video seminar on how to attract more of those customers is linked below. ## (News, analysis, and commentary.)
Note 1: For those who want to sign up to our industry-leading headline news emailed updates – typically sent twice weekly to thousands of MH inboxes – please click here to sign up in just seconds.
(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Soheyla is a managing member and co-founder of LifeStyle Factory Homes, LLC the parent company to MHProNews and MHLivingNews.com.
