Manufactured Housing Production Report – After Slow June 2018, July 2018 Increases

 

ManufacturedHousingProductoinReportSlowJune2018July2018IncreasesDailyBusinessNewsMHProNews

After a modest 1 percent increase in year over year (YoY) production increases in 2018 vs. 2017, the growth in production for manufactured housing has taken a heftier bump up.

 

A total of 6,781 homes shipped in July 2018.  By comparison, 5,803 shipped in July 2017. That is a 16.85 percent YoY increase.

Production by states, per IBTS, are as shown below.

IBTSInstituteBuildingTechShipmentProductionSummaryJuly7-2018-DailyBusinessNewsMHProNews600

Production and shipments of new HUD Code manufactured homes are where the rubber meets the road.

 

Results Matter

The Manufactured Housing Institute (MHI), which claims to be doing promotion for the industry, has to be measured against actual results, not just words or years of what some of their members have said are the “same old posturing and promises.”

But should the independent producers, retailers, communities, lenders, and others in the industry be surprised?  Recall what MHI President and CEO, Richard ‘Dick’ Jennison said, 4 years ago, because he candidly signaled then the reality that exists today.  As publisher L. A. ‘Tony’ Kovach said, “The facts speak loudly, and the rest are details and commentary.”

 

As the Daily Business News on MHProNews exclusively reported last month, 20 years ago, manufactured housing used to outperform RVs in shipments.

ManufacturedHomeShipmentTrendsPercentageNewHomeStartsSkylineChampionPowerPointMastheadBlogDailyBusinessNewsMHProNews

But today, RV’s outsell manufactured housing by some 5 to 1.

What RV Industry’s 2018, Prior Results Reveal for Manufactured Housing

A more detailed look will be published on Monday.  See prior, related reports, linked below.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports:

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

Manufactured Housing Shipment Totals, June 2018

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