Manufactured Home News and Views: Strong Production Growth Continues Into New Year
According to latest official statistics from the U.S. Department of Housing and Urban Development (HUD), compiled and reported by the Manufactured Housing Association for Regulatory Reform (MHARR), manufactured home producers began 2016 with strong growth in January.
Just released statistics indicate that manufacturers produced 5,862 homes in January 2016, representing a 17.9% increase over the 4,969 HUD Code homes produced during January 2015.
Following the great recession, which ran from 2008-2010, the manufactured housing industry began an acknowledged rebound in 2011 that has since shown significant growth in production each successive month and year since August 2011. That winning streak has continued through 2015 into January 2016.
Manufactured Home News and Views: Strong Production Growth Continues Into New Year
The top 10 shipment states starting from August 2011 through January 2016 — including cumulative homes sold, the current month’s (Jan 2016) sale numbers, and same month prior year (Jan 2015) are all listed below.
*The cited statistics do not include modular homes, also produced by manufactured home builders, which have become an important segment of production within the last few years.
State Cumulative Jan 2016 Jan 2015
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Texas 55,045 1100 1178
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Louisiana 19,346 277 291
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Florida 15,851 446 401
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N.C. 11,525 283 209
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Alabama 11,241 188 175
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Mississippi 10,528 211 157
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California 10,083 262 204
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Kentucky 9,983 255 176
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Tennessee 8,299 196 138
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Oklahoma 7,786 147 133
The latest information for January 2016 results in no changes to the cumulative top 10, with Texas having a continuing stronghold in the number one position.
The top 10 shipment states have been stalwarts in the industry rebound from the housing crash. Recent statistics indicate there is a resurgence of manufactured home activity throughout the country.
Manufactured Home News and Views: Strong Production Growth Continues Into New Year
Other states posting strong numbers for January 2016 include: Michigan (278 homes); South Carolina (239 homes); Georgia (176 homes); Virginia (127 homes); Pennsylvania (119 homes); Arizona (114 homes); and Arkansa (114 homes).
The top 10 states for home shipments in January 2016 are– 1. Texas (1100 homes) 2. Florida (446 homes) 3. North Carolina (283 homes) 4. Michigan (278 homes) 5. Louisiana (277 homes) 6. California (262 homes) 7. Kentucky (255 homes) 8. South Carolina (239 homes) 9. Tennessee (196 homes) 10. Georgia (176 homes).
The shipment of homes produced by manufacturers closely align with sales by retailers across the country. Latest statistics attest to manufactured home sales being surprisingly robust for this time of year. The “home selling season” normally commences in the spring.
Recent accelerated growth and sales activity are indicators that the manufactured home will continue to represent the most affordable quality home ownership option for lower and moderate income families in the U.S.A. How much affordability and growth is dependent on the extent and effects of onerous and unjustified compliance reforms on the horizon by overzealous federal regulatory agencies.
