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FOR IMMEDIATE RELEASE
Contact: MHARR (202) 783-4087
HUD CODE PRODUCTION REBOUND CONTINUES
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Washington, D.C., November 9, 2011 – 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), manufactured housing production continued to rebound during September 2011, posting its second increase in 12 months. Just-released statistics show that in September 2011, HUD Code manufacturers produced 5,055 homes, up from the 4,427 HUD Code homes produced in September 2010, representing a corresponding-month increase of 14.1%. This increase brings 2011 cumulative industry production, through the end of September, to 37,070 homes – 7% lower than corresponding industry production of 39,993 homes over the same period last year, but a significant improvement over double-digit cumulative production declines posted earlier this year.
While this production upswing is welcome news, the manufactured housing industry -given its status as the nation’s primary source of truly affordable non-subsidized home ownership – should be experiencing more significant long-term growth in the face of a sluggish economy that accentuates the affordability of its homes for lower and moderate-income American families struggling to make ends meet. The fact that the industry has not benefitted more from conditions that, in the past, have stoked sustained growth, underscores that the industry decline dating back to 1998 is an outgrowth of unique factors affecting manufactured housing – specifically, the unavailability of consumer financing and HUD’s failure to fully and properly implement key reforms of the Manufactured Housing Improvement Act of 2000 designed to ensure the parity of manufactured homes with other types of “housing,” as documented and explained in the MHARR Fact Sheets regarding the implementation of the 2000 law, released nationally by the Association on September 14, 2011.
Using these extensively-researched Fact Sheets as a foundation and policy guide, MHARR will continue to aggressively pursue – and intensify itsleadership in its efforts toexpand the pool of approved Federal Housing Administration (FHA) Title I loan originators, advance the full and proper implementation of the 2000 law and ensure full transparency and accountability for HUD program budgets and appropriations, through both the Administration and Congress, as recently reaffirmed by the MHARR Board of Directors at its Fall meeting. The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of producers of federally-regulated manufactured housing.
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Manufactured Housing Association for Regulatory Reform
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1331 Pennsylvania Avenue, NW • Suite 508 • Washington, DC 20004 • 202783-4087 • Fax 202-783-407^
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