2014-2016 Manufactured Housing Industry, New Retail Home Pricing Trends by Region

USCensusBureauAffordableHousingManufacturedHousingIndustyRetailPriceTrendsReportPartI-ManufacturedHomes-com-MHLivingNews-postedMHProNews-
To see Part II of this report, please click here or the image above. Photo credit, ManufacturedHomes.com Text credit, MHProNews.

Data released by the U.S. Census Bureau reveals a mixed pattern in prices for new manufactured homes, depending on month, single vs. multi-sectionals and the region of the country.

For example, single sectional manufactured homes in the Northeastern United States in January, 2014 sold for an average of $48,700 in January 2014, while in March 2016, the average single sectional (“single wide”) sold for $45,100.

During the same time frame, a multi-sectional in the Northeast in January 2014 sold for an average of $92,600.  In March, 2016 the average mult-sectional (“double wides”) sold for $103,200.  In all cases, as is routine for manufactured home retail pricing, they are priced “home only,” without the cost of land, improvements to property, or site fees if land is leased for placement.

The full breakdown by region and total dollars for single and multi-sectional homes follows.

Northeast States
Total 1 Single Double
2014
January 72100.0 48700.0 92600.0
February 59100.0 40600.0 76200.0
March 76400.0 43100.0 91600.0
April 61300.0 44000.0 82500.0
May 62900.0 50200.0 76200.0
June 73800.0 47000.0 94900.0
July 57900.0 43900.0 73300.0
August 71700.0 43100.0 93600.0
September 71900.0 45000.0 88500.0
October 63400.0 50900.0 73600.0
November 80500.0 58000.0 98300.0
December 68100.0 55300.0 77500.0
2015
January 64700.0 45600.0 77200.0
February 66500.0 50000.0 88800.0
March 89000.0 52300.0 114000.0
April 69400.0 48900.0 88800.0
May 69500.0 46100.0 84700.0
June 68100.0 53200.0 90700.0
July 68000.0 47700.0 83100.0
August 73300.0 53600.0 94100.0
September 71600.0 54400.0 91400.0
October 77100.0 45100.0 95200.0
November 79000.0 52500.0 90600.0
December 74200.0 52100.0 95300.0
2016
January 69400.0 48100.0 90700.0
February 81500.0 50000.0 97300.0

“Total 1” represents the combined average price in dollars of single and multi-sectional homes.

Midwest States
2014 Total1 Single Double
January 72,000 51,400 88,200
February 59,700 44,800 86,100
March 58,100 45,100 81,800
April 59,100 45,700 78,500
May 61,700 46,800 79,600
June 58,700 45,600 81,200
July 61,600 45,200 77,800
August 60,200 46,800 80,900
September 59,000 41,600 78,500
October 64,500 50,900 78,700
November 61,600 47,600 84,700
December 57,000 45,600 72,900
2015
January 57,000 43,700 78,300
February 59,600 47,500 80,600
March 60,900 47,400 86,400
April 59,700 47,900 75,000
May 61,800 43,000 92,600
June 60,500 45,900 84,200
July 62,600 48,500 84,600
August 61,600 45,700 90,000
September 63,900 50,600 83,900
October 56,500 43,100 79,700
November 61,100 47,300 84,500
December 63,300 46,600 85,900
2016
January 61,400 48,200 86,800
February 57,900 45,600 85,100
March 59,200 46,200 83,200

As might be expected, prices were lowest in the South, somewhat higher in the Midwestern states, and the hightest in the Northeast and the West.

Southern States
2014 Total1 Single Double
January 63,800 46,900 80,700
February 62,200 44,800 79,700
March 63,600 42,400 82,100
April 66,100 43,900 81,300
May 64,000 44,200 76,100
June 62,600 44,600 81,000
July 61,200 45,700 77,800
August 66,400 43,300 87,800
September 66,000 44,500 80,900
October 59,000 44,400 74,700
November 59,100 39,900 78,300
December 62,000 45,500 75,000
2015
January 64,600 44,900 79,400
February 65,900 45,600 84,200
March 63,200 44,100 80,300
April 64,700 46,800 82,200
May 68,100 49,000 85,600
June 66,100 44,000 83,700
July 59,800 42,900 78,400
August 62,800 39,400 80,700
September 68,500 46,800 85,500
October 65,500 43,200 82,200
November 63,200 42,500 84,000
December 69,200 45,700 85,500
2016
January 65,200 44,600 80,200
February 65,300 43,000 89,700
March 69,600 44,100 86,300

As most industry professionals know, the 40th anniversary of the production of HUD Code manufactured homes began on June 15, 1976, to learn more, click here.

Western States
Total1 Single Double
2014
January 87,700 55,400 93,900
February 79,600 48,800 90,800
March 84,400 46,700 90,300
April 77,100 47,600 92,900
May 77,400 49,000 88,900
June 82,300 44,200 92,300
July 79,300 45,200 92,900
August 75,400 45,800 88,900
September 80,200 39,900 90,100
October 77,100 47,100 84,700
November 84,800 57,400 95,100
December 86,900 52,600 91,800
2015
January 102,500 42,600 107,700
February 90,200 45,500 99,600
March 79,300 53,600 96,600
April 89,600 45,100 111,100
May 83,400 44,200 100,700
June 93,700 46,700 102,800
July 88,200 46,800 101,000
August 89,200 48,200 106,400
September 90,100 49,700 97,900
October 78,900 47,300 95,400
November 96,100 51,000 110,300
December 84,400 44,600 96,400
2016
January 86,900 50,000 96,100
February 84,800 45,400 106,600
March 83,200 42,500 97,000

Totals in dollars for all four regions used by the U.S. Census Bureau, are as follows.

United States
Total1 Single  Double
2014
January 68,300 48,000 84,500
February 64,300 45,000 82,200
March 65,700 43,200 83,900
April 66,400 44,700 83,000
May 65,400 45,700 78,300
June 65,200 44,900 84,000
July 63,500 45,400 80,100
August 67,100 44,200 87,600
September 67,000 43,600 82,600
October 62,400 46,000 76,900
November 64,200 43,700 83,500
December 64,800 46,200 78,100
2015
January 68,400 44,600 84,400
February 68,300 46,200 87,000
March 66,200 46,100 85,000
April 67,400 46,900 86,500
May 69,500 47,300 89,100
June 69,100 45,500 87,500
July 64,500 44,400 83,700
August 67,000 42,900 87,100
September 70,700 48,400 87,700
October 66,800 43,800 84,900
November 68,000 44,300 89,400
December 70,800 46,200 88,100
2016
January 67,600 45,900 84,100
February 67,600 43,900 92,600
March 69,800 44,500 88,300

By comparison, the U.S. Census Bureau’s latest report showed the following figures for number of new conventional construction or “site built” housing sales by price ranges in March 2016 as follows in the chart below.  The figures are rounded, and are thousands of units per price range.  Notice that only some 2,000 units were sold under $150,000.

TotalConventionalHousingSalesByPriceRangeMarch2016-USCensusBureau-postedDailyBusinessNewsMHProNews-
Source – U.S. Census Bureau data.

Clearly, there is room for growth for manufactured housing in this era of the growing affordable housing crisis. A download of the manufactured housing data above is available at this link.

The latest U.S. Census Bureau data for “residential” (single-family, conventional, on site construction) of new houses can be downloaded from this link here.

To see Part II of this multi-part series on manufactured housing industry statistics, please click here. ##

(Image credits are as shown above.)

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

l-a-tony-kovach-daily-business-news-mhpronews-
L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

Article submitted by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

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