After a modest 1 percent increase in year over year (YoY) production increases in 2018 vs. 2017, the growth in production for manufactured housing has taken a heftier bump up.
A total of 6,781 homes shipped in July 2018. By comparison, 5,803 shipped in July 2017. That is a 16.85 percent YoY increase.
Production by states, per IBTS, are as shown below.
Production and shipments of new HUD Code manufactured homes are where the rubber meets the road.
The Manufactured Housing Institute (MHI), which claims to be doing promotion for the industry, has to be measured against actual results, not just words or years of what some of their members have said are the “same old posturing and promises.”
But should the independent producers, retailers, communities, lenders, and others in the industry be surprised? Recall what MHI President and CEO, Richard ‘Dick’ Jennison said, 4 years ago, because he candidly signaled then the reality that exists today. As publisher L. A. ‘Tony’ Kovach said, “The facts speak loudly, and the rest are details and commentary.”
As the Daily Business News on MHProNews exclusively reported last month, 20 years ago, manufactured housing used to outperform RVs in shipments.
But today, RV’s outsell manufactured housing by some 5 to 1.
A more detailed look will be published on Monday. See prior, related reports, linked below. “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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