January Manufactured Home Shipments Reveals a Strong Start Compared to 2023 – MHI Responds to White House Announcements
Source: Manufactured Housing Institute (MHI) – In January 2024, 7,475 new manufactured homes were produced, making a 17.5% month-over-month increase from December 2023, and a 7.5% year-over-year increase from January 2023.
There were 7,475 shipments in January 2024. The month’s volume is 7.6% higher than January 2023. Multi-section shipments rose by 10.1% while single section shipments increased by 4.6%.
Regionally, the industry experienced year-over-year growth in shipments in the south central and southeastern parts of the United States. In West South Central (AR, LA, OK, and TX), shipments increased by 42.8% compared to January 2023, and in East South Central (Al, KY, NS, and TN), they grew by 35.9%. Shipments in the South Atlantic (DE, DC, Fl, GA, MD, NC, SC, VA, WV) increased by 7.8%. The rest of the country experienced declines compared to January 2023.
Looking back further, while January 2024 shipments are higher than 2023, the volume lags behind the 3-and 5 year averages. The shipment volume is most similar to January 2019 levels.
MHI Responds to White House Announcements – In response to last week’s two White House announcements. MHI joined a coalition representing America’s housing providers, lenders and residents to send a letter to the White House urging caution over a series of counterproductive regulations that would hurt consumers and ultimately worsen the shortage of affordable housing nationwide.
Through the coalition letter MHI outlined how the arbitrary exclusion of the private sector from critical grants offered by the U.S. Department of Housing and Urban Development (HUD) hurts the affordable housing supply of the country.
The Fact Sheets. “Biden-Harris Administration Announces New Actions to Boost Housing Supply and Lower Housing Costs, and “The Price Isn’t Right. How Junk Fees Cost Consumers and Undermine Competition,” proposed additional federal regulations on top of what is already an overly complicated set of regulations and laws at the state and local levels. Such changes threaten to disincentive investors, further shortening the supply and hurting our nation’s renters.
MHI will continue its advocacy on behalf of investor-owned land-lease communities to boost the affordable housing supply of America.
