The Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR) released new HUD Code manufactured home production and shipment figures for January 2024. The data MHARR provided is based on official statistics gathered on behalf of the U.S. Department of Housing and Urban Development (HUD). That information will be Part I of today’s report. Part II will provide additional information which will highlight a significant statistical aspect of the headline, because ‘improvement’ year-over-year is still well behind where the industry’s new home production levels stood in 2022. Those 2022 levels are also well below the historic levels for manufactured home building. That and more will follow, as well as the MHVille Markets Update in Part III.
Part I
FOR IMMEDIATE RELEASE Contact: MHARR
(202) 783-4087
JANUARY 2024 PRODUCTION BEGINS TO SHOW POSITIVE MOVEMENT
Washington, D.C., March 4, 2024 – 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 in January 2024. Just-released statistics indicate that HUD Code manufacturers produced 7,475 new homes in January 2024, a 7.5% increase from the 6,951 new HUD Code homes produced in January 2023.
A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current reporting year (2024) and prior year (2023) shipments per category as indicated — are:
The January 2024 statistics move Tennessee into the 10th spot on the top-ten shipment state list.
Production in January 2024, consequently, shows a year-over-year improvement as compared with January 2023, which had a whopping decrease of 23.6% from January 2022. Hopefully, this improvement will continue going forward in 2024. MHARR will continue to monitor monthly production activity and advise industry members and consumers accordingly.
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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Part II – Additional Information with More MHProNews Analysis and Commentary
It is understandable that MHARR is looking for a silver lining in the data. Their remarks above are apparently accurate.
That noted, as MHARR has implied, unless that trajectory continues to improve the production level for January 2024 represents essentially much the same as the average of what occurred for all of 2023.
When MHARR said: “Production in January 2024, consequently, shows a year-over-year improvement as compared with January 2023, which had a whopping decrease of 23.6% from January 2022,” that could be restated in the following manner.
Taking the January 2024 production data times 12 months of similar production (annualizing the information) would yield the following. 7,475 x 12 = 89,700.
As the graphic below reflects, during 2023, the total of all HUD Code manufactured home production was 89,169. So, this ‘improvement’ in January 2024 over January 2023 will need to continue in order for 2024 to be meaningfully better than 2023. The top of the graphic below shows year-by-year total production of HUD Code manufactured homes in the U.S. from 1995-2023. It tells a sobering story.
That said about MHARR’s report, by comparison, at 5:05 PM ET on the Manufactured Housing Institute (MHI) website there is no production data at all that is publicly available on their home page or in their news page.
MHI’s ‘news’ segment on their home page still has that awkward embarrassing partial Newsweek logo from a month ago (see below).
Yet MHI’s news segment has this self-proclaimed bluster: “The latest news to give you a full perspective on the manufactured housing industry.” That MHI paragraph on 3.4.2024 also says: “From manufacturers to land-lease communities, retail to financial services, and suppliers to installers, we help you keep abreast of what’s happening in every aspect of the industry.” That’s not just bluster, spin, or hyperbole. MHI’s remark reflect what is apparently brazen falsehoods. More on that below and linked.
As the lack of a public manufactured housing production report indicates, that is clearly not the case. So, kudos to MHARR for having the largest known public database of manufactured housing production and shipment information available from an association in the U.S.
In a Q&A with left-leaning Copilot, it said in part the following about MHI.
…However, it appears that the specific data for January 2024 is not publicly available on their website.”
When asked if MHI was being deceptive, paltering, or lying by making certain claims in their news segment that they apparently did not deliver on, Copilot politely said the below quoted and shut down the Q&A thread instead of answering that inquiry directly. Is MHI using its influence to limit critiques that utilize Copilot? Perhaps. But if so, then why aren’t they using that influence to take the steps need to grow the manufactured home industry instead of apparently riding shotgun for those who openly say that they are busy trying to consolidate the manufactured home industry?
The roadmap to more growth is arguably well known. When there are known barriers, bottlenecks, or throttles on manufactured housing industry production and sales, then those limitations need to be removed. That change is made possible by existing federal laws that only need to be enforced. See the linked and related reports to learn more.
The MHProNews analysis and commentary on the MHARR item above is found below.
Part III – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.
This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.
The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.
In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.
Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.
Headlines from left-of-center CNN Business – from 3.4.2024
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- Boeing wants to buy back the company that builds the body of its troubled Max planes
- Cyberattack on insurance giant disrupting business for doctors, therapists
- Health insurance giant roiled by cyberattack sets up loan program for cash-strapped health providers
- EV maker Fisker says it could run out of cash needed to survive
- The FAA flags more potential safety issues on Boeing’s 737 Max and 787 Dreamliner
- Why Panera is causing a stir in California politics
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Headlines from right-of-center Newsmax 3.4.2024
- US Supreme Court: States Can’t Kick Trump Off Ballot
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- Former President Donald Trump praised the Supreme Court ruling that restored him to the Colorado ballot Monday, calling it an “important decision” that was “very well-crafted” in an address to the media from Mar-a-Lago. [Full Story]
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- Israel to Try New Ways to Deliver Aid After Deadly Stampede
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- 1 Dead, 7 Injured in Hezbollah Missile Attack
- Mediators Seek Truce as US Calls for ‘Immediate Cease-Fire’
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- First Lady Jill Biden Skipping Israel on Mideast Trip | video
- Israel Reported to Boycott Cease-Fire Talks in Cairo
- Newsmax TV
- Donalds: SCOTUS Ruling on Trump ‘Monumental’
- Georgia AG: Biden’s Policy Led to Laken Riley’s Murder
- Steve Garvey: Schiff Raises My Profile With Attacks | video
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- Greg Murphy: ‘I Don’t See a Pathway’ for Haley | video
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- US Court to Weigh in on Obamacare Coverage Mandate
- President Joe Biden’s administration Monday is set to urge a U.S. [Full Story]
- Hungarian PM Orban to Meet Trump on Friday in Florida
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- The Leafy Green Most Vulnerable to E. Coli
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2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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- Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
- Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
- Note 3:
APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities, KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports linked herein. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements 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. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but those sites get more much more total traffic). Statistics Data Infographics Research Facts Evidence and manufactured housing industry expert analysis make us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.
