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Census Bureau and HUD Conventional Housing Data Reveals Growth, Meanwhile, Manufactured Housing Slides

CensusBureauAndHUDConventionalHousingDataRevealsGrowthMeanwhileManufacturedHousingSalesSlideManufacturedHomeProNews

The HUD Code manufactured home industry is about a week away from the most recent manufactured housing product and shipment data release. So, the data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) recent joint announcement should be cause for pause.

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As a reminder, and to contrast the rise of residential construction, MHProNews’ prior reports on state-by-state shipment data is linked below.

Comparing Manufactured Home Single and Multi-Sectional Data, State by State, 2018 vs. 2019

Additionally, the summary graphic produced by MHProNews based upon data reported by the Manufactured Housing Association for Regulatory Reform (MHARR) is found below.

 

MHARR-logoManufacturedHousingAssocRegulatoryReformLogoAug2019NewHomeProductionShipmentDataMHLivingNews

 

With that backdrop, here below is the new residential construction statistics for September 2019.

 

NewResidenitalConstructionSept2019BuildingPermitsHousingStartsCompletionsOct17ReleaseManufacturedHome

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Building Permits 

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,387,000. This is 2.7 percent (±1.3 percent) below the revised August rate of 1,425,000, but is 7.7 percent (±2.4 percent) above the September 2018 rate of 1,288,000. Single‐family authorizations in September were at a rate of 882,000; this is 0.8 percent (±0.8 percent)* above the revised August figure of 875,000. Authorizations of units in buildings with five units or more were at a rate of 470,000 in September.

Housing Starts 

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,256,000. This is 9.4 percent (±9.4 percent)* below the revised August estimate of 1,386,000, but is 1.6 percent (±11.6 percent)* above the September 2018 rate of 1,236,000. Single‐family housing starts in September were at a rate of 918,000; this is 0.3 percent (±9.3 percent)* above the revised August figure of 915,000. The September rate for units in buildings with five units or more was 327,000.

Housing Completions

Privately-owned housing completions in September were at a seasonally adjusted annual rate of 1,139,000. This is 9.7 percent (±9.2 percent) below the revised August estimate of 1,262,000

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and is 1.0 percent (±9.9 percent)* below the September 2018 rate of 1,150,000. Single‐family housing completions in September were at a rate of 852,000; this is 8.6 percent (±9.3 percent)* below the revised August rate of 932,000. The September rate for units in buildings with five units or more was 285,000.

Additional information on methodology and the summary of the above provided by HUD and the Census Bureau to MHProNews is found linked here as a download.

 

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Given that report, it is almost hysterical – or a cause for concerns and tears – to think that after reading that data that the Manufactured Housing Institute (MHI) and some claim of their blogging mouthpieces dare claim that gaslighting is occurring–-here. Seriously? After touting industry momentum, the post-production ‘umbrella’ MHI trade group and their toadies can’t have it both ways, can they?

LeveragingMomentumCreationNewClassofManufacturedHomesManufacturedHousingInstituteMHILogoDailyBusinessNewsMHProNews600
Screen capture with commentary and MHI’s logo are a collage by MHProNews, which faithfully reflects their “We’re Using Our Momentum Leveraging the Creation of a New Class of Manufactured Homes.” First, what momentum? Second, why the need for a new class of homes? Manufactured housing builders have made residential style homes since at least the 1980s. Buyers could always option in or do on-site whatever they wanted and can afford. It’s therefor a head fake, an apparent ruse that seemingly limits GSE lending to only a tiny sliver of the market that could already be served by modular coded factory-built homes, or by existing residential style HUD Code manufactured homes. This new class of homes is a costly waste of time, save for the fact that it diverts lower-cost financing. 

 

For authentic reports based upon facts, evidence, reason, and follow the money evidence, it is all found here once again in your final ‘almost midnight’ installment today of the #1, most read, manufactured home professional‘s “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. Connect with us on LinkedIn here and and here.

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Related Reports:

Click the image/text box below to access relevant, related information.

Comparing Manufactured Home Industry Trade News Claims, MHInsider, MHReview, EducateMHC, George Allen Says “Gaslighting” – What Data, SPJ Reveals

Doubling Down on Debunked Data, Latest Bold MHInsider Claim Unpacked

New, Heartbreaking Data Revealed by MHProNews for Omaha-Knoxville-Arlington Axis and Allies

Fair is Fair, Fine New Letter by Manufactured Housing Institute EVP Lesli Gooch to HUD Secretary Ben Carson Examined

A Tale of Two Cities, Affordable Housing, Manufactured Homes, and You

Body of Evidence, Federal Trade Commission (FTC), Manufactured Housing Institute Staff, Gaslighting – the Growing Case

 

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