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Home > Analysis and Commentary, Association, Manufactured Housing Industry, regulation, research, Trends > Manufactured Housing’s Latest Production Stats, Import for Industry, Investors

Manufactured Housing’s Latest Production Stats, Import for Industry, Investors

January 8th, 2018

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The following press release was provided to the Daily Business News, which will be followed by a brief analysis and commentary, with some related links.

 MANUFACTURED HOUSING PRODUCTION UP IN NOVEMBER 2017

Washington, D.C., January 5, 2018 – 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), year-over-year manufactured housing industry production grew once again during November 2017. Just-released statistics indicate that HUD Code manufacturers produced 8,602 homes in November 2017, a 21.1% increase over the 7,098 HUD Code homes produced during November 2016. Cumulative industry production for 2017 now totals 85,657 homes, a 15.5% increase over the 74,141 HUD Code homes produced over the same period in 2016.

A further analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through November 2017  — with cumulative, monthly, current year (2017) and prior year (2016) shipments per category as indicated — are:

CummalitiveManufacturedHousingProductionChartNov2017Top10StatesMHARRDailyBusinessNewsMHProNewsThe 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.

-– 30 –

Last month’s report is linked below.

Latest Manufactured Home Shipment Data, for October 2017 Released

The industry needs to look at such statistics through a dual lens.

First, it naturally a good thing that the industry is witnessing rising shipments since it hit bottom in 2009.

 

NAR’s Yun – No Quick Fixes Spell$ Manufactured Housing Opportunitie$

Second, the industry is only scratching the surface of its potential. 

MobileManufacturedHomeAnnualShipments1959-2012CalculatedRisk-DailyBusinessNewsManufacturedHousingIndustryResearchReportsMHProNews

If the Manufactured Housing Institute (MHI) had the visions and solutions that they claim, would the industry have experienced the kind of slides and slow recovery witnessed since 1998?

Historically and in the future, the industry did more, and could do roughly 10 times (+/-) better than it currently is in terms of new home sales.

ManufacturedHousingIndustryShipmentsFEMAManufacturedHomesNotMobileHomesTrailersIndustryResearchReportsDataMHProNews

NAR says there are 8 million new housing units needed. Site builders can achieve the needed numbers, but factory builders – given the vision and commitments needed – can. Credits, MHI, Cavco.

With over 8 million new housing units needed now, and conventional construction unable to meet those needs in terns of speed, price, quality and volume, investors ought to be salivating of the potential in manufactured housing.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes (MH) were selling over 250,000 new units per year. This year, MH won’t reach 40 percent of that total. What happened?

Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed

That said,  there are also several warning signals and possible rivals to the industry that professionals must grasp, and cross.

Trends in MH Communities, Impacting Producers; Looming Crash?

While Manufactured Housing Overall Rises, Some Slip Sliding Away

Properly understood, each of the issues can be navigated with the correct effort.

Is their proof for that claim?

Yes.

Because there are companies growing at more than double the rate of the industry at large, and individual locations growing at more than 4 times the rate of the industry at large.

KYPs, and the $64 Billion Dollar Question-Monday Morning Manufactured Housing Sale$ Meeting

Finally, the potential could be tapped by others, it won’t simply fall into manufactured housing’s lap.

$58,000 PreFabs, Videos, Updates of More Hi-Tech Backers

So, the industry’s potential must be approached as a mid-to-longer term move.

Survey Top 2017 PreFab, Modular, Tiny and 3D Printed Housing News Stories

Manufactured housing isn’t a fast buck.  That’s a key lesson from Warren Buffett, who took the long term view.

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

Beyond Skyline/Champion Merger, What’s Next in Manufactured Housing? Plus MHMarket Update$

But it’s a sure buck for those who know what they are doing, and are wiling to invest the time, talent, and treasure to mine the opportunities. ## (News, analysis, and commentary.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.


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