Manufactured housing shipments continued to rise, but the pace of growth slowed in June, per the latest data from the Manufactured Housing Association for Regulatory Reform (MHARR). MHProNews presents MHARR’s latest data, and their formal statement, followed by an MHProNews analysis.
Washington, D.C., August 6, 2018 – 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 manufactured housing industry production growth was sustained in June 2018.
Just-released statistics indicate that HUD Code manufacturers produced 8,258 homes in June 2018, a 1.3% increase over the 8,152 HUD Code homes produced during June 2017.
Cumulative industry production for 2018 now totals 50,897 homes, a 9.4% increase over the 46,502 HUD Code homes produced over the same period in 2017.
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 June 2018 — with cumulative, monthly, current year (2018) and prior year (2017) shipments per category as indicated — are:
The latest information for June 2018 results in no changes to the cumulative top ten list.
About MHARR
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.
MHProNews Analysis
MHARR is statistically correct in pointing to the ongoing rise in shipments. There are good reasons to celebrate any gain.
That said, as the Daily Business News on MHProNews reported last week, the statistics also point to a slowing of the growth rate. MHARR’s leadership, in a video previously posted, indicates that the industry ought to be fully engaging in the post-production side, in order to grow more rapidly. As if to underscore that point, the latest HousingEconomics data reveals that conventional housing is outselling manufactured homes by more than 16 to 1.
HousingEconomics Releases New Data on U.S. Housing, Comparing MH and Stick Built Data
Given that data point, consider the wide cost difference between conventional and manufactured homes.
Couple that with some state-specific data, and there are several states which represent a potential warning sign for HUD Code manufactured housing producers, and sellers – if this trend were to continue.
Significant Slowdown of New HUD Code Manufactured Home Production Growth in June, Per Latest Data
When one looks at the data for conventional housing starts, what this trend also reflects is the continuing underperformance of manufactured housing in the marketplace.
The related reports reflect several concerns being expressed by various industry voices, and those who are researching manufactured housing.
The industry historically did much more. It can and should be doing more today. “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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