MHI’s Monthly Economic Report© for January 2011 is now available.
The Manufactured Housing Institute’s actual shipments report indicates that 2,776 new HUD Code homes were shipped in January 2011, down 12.1 percent from January 2010. Trends by housing type varied with shipments of multi-section homes down compared with the same month last year, while the single section home shipments showed an 8.7 percent increase.
The seasonally adjusted annual rate (SAAR) of shipments was 40,521 in January, up by 0.7 percent from the rate of 40,258 in December, 2010. The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.
Total floors shipped in January 2011 were 4,318, down 17.0 percent from the same month in 2010. The number of plants reporting production in January was 131 and the number of corporations was 51, both unchanged from the prior month.