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HUD Code Manufactured Home Production Rises Sharply

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Credits: MHARR, HUD.

Washington, D.C., May 3, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially again during March 2017.

These just released statistics indicate that HUD Code manufacturers produced 8,245 homes in March 2017, a nearly 16 percent increase over the 7,110 HUD Code homes produced during March 2016.

Cumulative industry production for 2017 now totals 23,384 homes, a 22.4 percent increase over the 19,101 HUD Code homes produced over the same period in 2016.

A further analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through March 2017 — with cumulative, monthly, current year (2017) and prior year (2016) shipments per category as indicated, are:

HUDCodeManufacturedHomeProductionSignificantIncreasesMarchReportcreditMHARR-postedtothedailybusinessnewsmhpronewsmhlivingnews
Credit: MHARR.

The latest information for March 2017 results in no changes to the cumulative top ten list.

In its most recent edition of “Issues and Perspectives,” a newsletter that focuses on items relevant to the manufactured housing industry, MHARR tackled key issues, including the new tariff on Canadian soft lumber.

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MHARR President & CEO, Mark Weiss. Credit: MHProNews.

After threatening to impose trade duties on goods imported from China and Mexico during the presidential election campaign in 2016, the administration announced its first new tariff on imported goods in a statement issued by Commerce Secretary Wilbur Ross on April 24, 2017,” says MHARR in the report.

While the imposition of the Canadian lumber tariff caps a period of serious economic uncertainty for the residential construction industry, increases in home prices driven by higher supply costs for basic raw materials, such as wood, will have a magnified impact on the highly-priced sensitive manufactured housing market.”

For more from MHARR on the newsletter, click here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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