2024 Manufactured Home Shipments Eclipse 100,00 – President Elect Trump Nominates HUD Secretary

Source: MHInsider – The manufactured Housing Institute (MHI). which is the national advocacy group for factory built housing and land-lease community living, announced recently that annual home shipments for the first time since 2022 have surpassed the 100,000 mark.

Only twice previously in the last 18 years has the industry produced as many homes. The years 2021 and 2022 each eclipsed the 100,000 mark, and with the current need for housing and encouraging projections for growth the annual numbers in the near future may be more reminiscent of the 2003 through 2005 years when deliveries were 130,000 or better.

October production was up 22.3 percent year-over-year, and up 16.8 percent year to date. Single-section shipments were up 12 percent year-to-date, multi-section shipments increased by 20.8 percent year-to date. The seasonally adjusted annual rate of shipments (SAAR) increased to 108,480,a 15.4 percent increase from 2023. Manufactured homes accounted for 11.2 percent of national home starts in October.

MHI stated that eight of nine regional divisions across the country experienced growth in shipments, comparing October 2034 to October 2024.The divisions with the greatest percent increase in shipments, it reported, were East South Central ( 35.6 percent year over- year increase). Mountain (18,2 percent increase), and Pacific (24.9 percent increase).

Scott Turner Headed the Opportunity and Revitalization Council

Scott Turner, a former professional football player, businessman, and public servant has been nominated by President-elect Donald Trump to serve as the next Secretary of the U.S. Department of Housing and Urban Development.

HUD has been the regulator for manufactured housing for more than 50 years.

“We are thrilled about the nomination of Scott Turner as HUD secretary,” Manufactured Housing Institute CEO Leslie Gooch said. “We appreciated his engagement and attention to manufactured housing in his previous role during President Trump’s first term. We look forward to working with him again to elevate innovative housing and expand attainable homeownership.”