Manufactured housing production in April of 2021 is down from March 2021, per the latest data provided by the Manufactured Housing Association for Regulatory Reform (MHARR). But the production is up sharply from April 2020, and the year over year growth trend are also up, said MHARR, which bases its data on information collected by the Institute for Building Technology Services (IBTS), which is contracted to do so for the U.S. Department of Housing and Urban Development (HUD). As many MHProNews readers know, HUD is the primary federal regulator of HUD Code manufactured housing.
The full MHARR release is provided below. It will be followed by additional information, more MHProNews analysis, and commentary.
FOR IMMEDIATE RELEASE Contact: MHARR
(202) 783-4087
HUD CODE PRODUCTION INCREASES SUBSTANTIALLY IN APRIL 2021
Washington, D.C., June 3, 2021 – 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), HUD Code manufactured housing industry year-over-year production increased substantially in April 2021. Just-released statistics indicate that HUD Code manufacturers produced 9,244 homes in April 2021, a 39.2% increase over the 6,639 new HUD Code homes produced during April 2020. Cumulative production for 2021 now totals 35,723 homes, an 11.8% increase over the 31,950 homes produced during the same period in 2020.
Based on MHARR’s initial analysis of production data from the first half of 2020 up until the present, the latest monthly production statistics appear to indicate that negative industry impacts from large-scale COVID-19 lockdowns and related economic dislocation – which were at their worst during April and May 2020 – have, in fact, bottomed-out, and that the industry is poised to enter a period of comparative economic recovery.
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 April 2021 — with cumulative, monthly, current year (2021) and prior year (2020) shipments per category as indicated — are:
The April 2021 production data results in no changes to the cumulative top-ten list.
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.
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Additional Information
In no specific order or importance, the following should be considered as relevant background.
- A) WMAL is among the media outlets that reported today on the growing homeless encampments in cities from Seattle Washington on the U.S. West Coast to Washington D.C. on the East Coast.
- B) The prior 2.5 year trend lines in manufactured home production and shipments is reported and analyzed in the link below.
- C) Per Flagship Communities newest IR pitch deck, the financial advantages for manufactured home owners based on cost or vs other rentals makes modern manufactured homes a superior financial choice for many.
- D) Data developed by Scholastica “Gay” Coronation, CRE, for the National Association of Realtors (NAR) makes it clear that despite the downturn in the industry in much of the 21st century, that manufactured homes are good quality and are often available to rentals. Several other independent, third-party researchers have said that manufactured homes are often a better value than other housing options.
- E) The upside potential for manufactured home production and sales could be several times their current levels. That is per several sources, and as evidenced by the graphic below. Indeed, one of the reasons that NAR’s Cororaton studied manufactured housing is because NAR’s Chief Economist, Lawrence Yun, Ph.D. said that only more building will mitigate the pressure on housing costs. It is common sense, when the rule of supply and demand are considered. He was right. And conventional builders can only do so much. By contrast, manufactured housing could rapidly ramp up and meet the needs, and create good jobs doing so. And it would be done with federally regulated oversight, inspections, state level authority on installations, and consumers safeguards not found in other kinds of housing.
- F) However, despite the potential, the reality is that manufactured housing industry performance is underperforming and has been for decades. Some of the reasons are explored from an array of perspectives and sources that are found in the factual and evidence-based reports linked below. But it could be summed up like this. The manufactured home industry, per an array of sources, is not getting the benefit of laws that are already enacted that were designed to make more affordable housing possible. Until those underlying issues are addressed, those root causes understood and dealt with, merely tossing money at subsidized housing will not cure the problem. It has not done so in 50 years of efforts. There are no reasons to think it will change, until good laws that already exist are fully and properly enforced.
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By L.A. “Tony” Kovach – for MHProNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing.
For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.
This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
Related References:
The text/image boxes below are linked to other reports, which can be accessed by clicking on them.
