“…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 grew once again during September 2017,” said the Manufactured Housing Association for Regulatory Reform (MHARR) per official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD).
“Just-released statistics indicate that HUD Code manufacturers produced 7,580 homes in September 2017, a 3.5% increase over the 7,322 HUD Code homes produced during September 2016. Cumulative industry production for 2017 now totals 68,419 homes, a 14.2% increase over the 59,889 HUD Code homes produced over the same period in 2016,” said the release to the Daily Business News on MHProNews.
“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 September 2017 — with cumulative, monthly, current year (2017) and prior year (2016) shipments per category as indicated – are,” as follows, per the MHARR statement.
The latest information for September 2017 results in no changes to the cumulative top-ten list, the release stated.
In a response to an inquiry in a separate but related statement to MHProNews, MHARR’s president, Mark Weiss, JD, noted the growth trend for the MH Industry since hitting bottom in 2009.
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.
HUD Code Recovery Post-2008 Compared to Single Family, Multi-Family Recovery
While manufactured housing professionals are widely encouraged by the gains made since the industry hit bottom in 2009, there are also areas of concern that become evident when compared to the recovery in the conventional housing industry during the same time frame. Note the far more rapid recovery of single family home starts, per U.S. Census Bureau data.
Using the MHARR compiled data above, the industry has grown some 63.3 percent from the 2009 baseline to the close of 2016. Using Census data, shown below, during that same time frame, single family home starts have increased some 75.56 percent. To rephrase, the industry is growing at a slower pace during the affordable housing crisis than far more costly conventional housing is.
Thousands of the manufactured homes being shipped are going into land-lease communities to be used as rental housing there.
Also, about 18 states are either flat, declining or increasing only modestly. See the report, linked here. ## (News, research, analysis.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.