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Annual Home Gains Slow, per S&P CoreLogic Case-Shiller – Manufactured Housing‘s Missing Mantra

 

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Reminder.  A “mantra” is a refrain, a chant, a repetition of some important point.  The reminder of the need for a mantra is ever-timely for manufactured housing professionals who understand the value of grasping reality globally, but then Acting Robustly Locally.

 

In a new release to the Daily Business News on MHProNews, “S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for September 2018 shows that the rate of home price increases across the U.S. slowed for the second month in a row. More than 27 years of history for these data series is available,” they said.

 

YEAR-OVER-YEAR

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.5% annual gain in September, down from 5.7% in the previous month. The 10- City Composite annual increase came in at 4.8%, down from 5.2% in the previous month. The 20-City Composite posted a 5.1% year-over-year gain, down from 5.5% in the previous month,” per their release.

 

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Las Vegas, San Francisco and Seattle reported the highest year-over-year gains among the [top tracked] 20 cities. In September, Las Vegas led the way with a 13.5% year-over-year price increase, followed by San Francisco with a 9.9% increase and Seattle with an 8.4% increase. Four of the 20 cities reported greater price increases in the year ending September 2018 versus the year ending August 2018,” according to their statement to MHProNews.

MHProNews has for some years provided a mix of factory-built housing, as well as broader housing data.  There is no other trade media in our industry’s history that provides a broader or deeper mix of such data for the industry’s professionals.

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Per our readers, it is part of why industry readers flock by the thousands daily, which given our industry’s avoidably modest size, arguably reflects the deepest penetration of readers in all of manufactured housing.

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As 2018 winds to its close – and MHVille industry owners, leaders, and professionals are planning for 2019 – the mantra for realistic-yet-big thinkers should be this.  Housing data tells us that manufactured housing could be selling hundreds of thousands of new homes annually. Instead, under the claimed leadership of Arlington, Knoxville and Omaha – manufactured homes will close out 2018 with about 100,000 (+/-) shipments.

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How do the self-proclaimed leaders in MHVille, the Wizards of All Things MH, explain the difference between the industry’s potential, vs. its actual performance?

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To learn more, see the related reports, linked below.

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The industry can achieve 500,000 to 1,000,000 + new HUD Code manufactured homes sustainably, givne the current new housing demands. That’s a 5x to 10x increase. That should be the achievinble goal of every independent industry professional.

That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted 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.

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Are Flawed Policies Fostering Homelessness, Crime? What Happens When Affordable Housing, Including Manufactured Homes, Are Lacking

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Giving Thanks for Manufactured Housing Independents, Applauding “MHIdea!”

 

 

 

 

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