The Institute for Building Technology and Safety (IBTS) compiles data for the U.S. Department of Housing and Urban Development (HUD) on manufactured home shipments.
For May of 2018, the new HUD Code manufactured home shipments by state, is as shown below, per IBTS.
Notice those shipments to Hawaii?
There were almost as many shipments to Hawaii as to Rhode Island, and more to the island-state than were shipped into Alaska.
The data should be considered against the following backdrops.
Trading Economics includes the following factoids.
“The volatile multi-family segment jumped 11.3 percent to 404 thousand and single-family starts, the largest segment of the market, went up 3.9 percent to 936 thousand. Overall, housing starts surged in the Midwest (62.2 percent to 266 thousand) but fell in the South (-0.9 percent to 653 thousand), the West (-4.1 percent to 329 thousand) and the Northeast (-15 percent to 102 thousand).”
They also said, “Building permits fell 4.6 percent to a seasonally adjusted annual rate of 1,301 thousand, while markets were expecting a smaller 1.4 percent drop to 1,350 thousand. Multi-family authorizations declined 8.8 percent to 457 thousand and single-family permits went down 2.2 percent to 844 thousand. Overall, building permits fell in the South (-13.9 percent to 626 thousand) and in the West (-4.6 percent to 331 thousand) but jumped in the Midwest (7.2 percent to 209 thousand) and the Northeast (42.1 percent to 135 thousand),” per Trading Economics.
Yesterday’s deep dive into the report shown below demonstrated the quality and respect that third party researchers have shown for years to modern manufactured homes.
Yet, the industry is recovering slowly. Why? Once more, the article linked above suggests several arguable reasons.
There are millions of new housing units that will be needed as the population grows.
The National Association of Realtors, among others, have said that 8.3 million housing units are needed.
Softbank is investing hundreds of millions of dollars into modular start-up, Katerra.
With hundreds of billions in capital money for industry growth is available, for long-term thinkers.
There is a growing groundswell for change, as exemplified by the new national association that was recently announced.
The recent Harvard study mentions manufactured and modular homes too. The data reveals the reality that there is considerable runway for growth, for long-term doers. “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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Achieving the American Dream, with Quality, Appealing, Affordable Home Ownership – manufacturedhomelivingnews.com
Achieving American Dream, Quality, Appealing, Affordable Home Ownership, Independence Day, manufactured homes, not mobile homes, not trailer house, MHLivingNews,
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