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Latest HUD Code Manufactured Home Production Data for July 2019 Mixed

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LatestHUDCodeManufacturedHomeProductionDataJuly2019MixedManufacturedHomeProNews

The latest HUD Code manufactured housing production data for July 2019 is out. Those facts compiled for HUD and provided by the Manufactured Housing Association for Regulatory Reform (MHARR) are found below.

 

The news is mixed.  July 2019 production is up year over year vs. July 2018.  But the overall total of new manufactured home production and shipments are still down.  First, the data.  That will be followed by some analysis.

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HUD Code Manufactured Home Production Takes an Up-Tick In July 2019

Washington, D.C., September 3, 2019 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year HUD Code manufactured home production increased in July 2019.  Just-released statistics indicate that HUD Code manufacturers produced 7,135 homes in July 2019, up 5.2% from the 6,781 homes produced in July 2018. Cumulative industry production for 2019 now totals 53,817 homes, a decline of 6.6% from the 57,678 HUD Code homes produced over the same period in 2018.

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 July 2019  — with cumulative, monthly, current year (2019) and prior year (2018) shipments per category as indicated — are:

July2019MHARRtop10statesshipments

The latest information for July 2019 moves Michigan up to seventh place in the top-ten cumulative shipments list.

          The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

— 30 –

 

Publisher and award-winning industry expert L. A. ‘Tony’ Kovach said the following about today’s report.

If more industry members become serious about enforcing good existing laws, the HUD Code manufactured home industry could soar to all time record highs, given the affordable housing crisis.

The industry’s members need to adopt this 3-point mantra.

  • Fully enforce the Manufactured Housing Improvement Act (MHIA) of 2000, including, but not limited to the enhanced preemption clause. Enforcing enhanced preemption would open up placement and zoning for more manufactured homes in tens of thousands of locations across the U.S.
  • Fully enforce the Duty to Serve (DTS) Manufactured Housing part of the Housing and Economic Recovery Act (HERA) of 2008, along with reforms of FHA Title I and Title II, along with other federal lending programs. That expanded lending should apply to all HUD Code manufactured homes, not only a select and more costly ‘new class’ of homes.
  • Fully enforce antitrust and other laws that in the absence of their enforcement are harming the interests of the backbone of America, independent businesses which historically has hired the most workers.

If the industry’s independents makes that a mantra – in conjunction with proper education -then based upon the current, immediate need of some 8 million new housing units, the sale of 1,000,000 (+/-) new HUD Code manufactured homes annually would be achievableThat would mean about a ten-fold increase in shipments in local markets.”

There will be follow ups on that 3 point theme, education, and data in this report. Stay tuned.

 

MHARRJuly2019ManufacturedHomeShipmentReportTop10StatesManufacturedHousingProNews

 

See the related reports below for more.  Most notably, don’t miss the Legacy Housing data, linked below.  They and Nobility Homes are two of several examples of companies that are advancing despite overall problematic industry trends. Specifically, the Legacy report includes several insights from Curt Hodgson, senior management, and investors that align with several points made by Kovach, above.

 

Legacy Housing, Growth in Community Sales, Developing, More Inside Insights – plus, Manufactured Home Investing Updates

That’s your just-before midnight, final chapter today of professional insights found only here on MHProNews — your home for manufactured home industry “News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, inspiration, 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 here.

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