Menu
A+ A A-

#1 Texas Among States with New HUD Code Sales, Experiences Shipment Drop, Facts Reveal Warning Signs

by Soheyla Kovach

SoheylaKovachLifestyleFactoryHomesLLCMHLivingNewsMHProNews com 50x50During a widely acknowledged affordable housing crisis, industry professionals and investors should be asking – how is this possible?

The chart below provided by an association member reveals that Texas – #1 among the states in new sales – took a drop in new HUD Code manufactured home shipments in October 2018.

1TexasExperiencesShipmentDropFactRevealWarningSignsDailyBusinessNewsMHproNews

Texas could handle it, because they are still reportedly up some 18 percent for the year.

2018 12 13 1544MHAO7StateSouthCentralUnitedStatesManufacturedHomeShipmentsManufacturedHousingINdustryDailyBusinessNEwsMHproNews

That said, Louisiana – the number 2 state in the U.S. for new HUD Code shipments in recent years – per the Manufactured Housing Association for Regulatory Reform (MHARR) data.

MHARROct2018ManufacturedHousingIndustryProductionReportDailyBusinessNewsMHProNews601

MHARROct2018ManufacturedHousingIndustryProductionReportDailyBusinessNewsMHProNews601

As the Daily Business News on MHProNews reported earlier this month, using MHI’s own data, the Seasonally Adjusted Annual Rate (SAAR) used to project the year end totals reveal that the industry could end up flat.

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

So, while MHI reportedly spent 5 figures to make a slick self-promotion video, that pats their own work on the back, what the data reflects are several warning signs.

See a new, in-depth related-report below.Note that instead of addressing this vexing #NettlesomeThings issue, they are still purportedly pumping out happy talk to their own members.

Balance

To balance out the above, producers tell MHProNews that they still have months of backlogs.  So, this should be taken as presented.  This isn’t a case of the entire industry being in retreat.

But to avoid the trend line – which for two months is down nationally, and has been trending down in several states for longer – there is a need to be pro-active.

Industry readers should be reminded that a number of associations have told MHProNews that they have ‘no real choice’ but to share “MHI news,” because of saber rattling by Tim Williams.  See that insider information in a prior related report below.

GoldRulesTimWilliams21stMortgageCorpDailyB usinessNewsMHProNews

State executives, MHI members and/or staff, some feds, and those with the GSEs are among those who have been providing information to MHProNews.

MHProNews has invited executives at Clayton, and MHI to address these and other industry concerns.  They’ve routinely declined to comment. Why?

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

Comments and news tips are welcome at the link above.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

2) To provide a This email address is being protected from spambots. You need JavaScript enabled to view it., click the link to the left. Please note if your comments are on-or-off the record, thank you.
3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.