When digesting the latest facts and data provided by the Manufactured Housing Association for Regulatory Reform (MHARR) to MHProNews shown below, keep the following additional facts in mind. There were some 9,430 new HUD Code manufactured homes produced in June 2021. That total 9,430 single and multiple section manufactured homes was a 24.6% increase over the 7,568 new HUD Code homes produced during June 2020. So, while it may not seem like it at first blush when looking at the facts that follow, there is a slowdown apparently underway. More on that following the MHARR release in our additional information, facts and analysis.
FOR IMMEDIATE RELEASE Contact: MHARR
(202) 783-4087
JULY 2021 HUD CODE MANUFACTURED HOM PRODUCTION KEEPS PACE WITH 2020
Washington, D.C., September 8, 2021 – 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), HUD Code manufactured housing industry year-over-year production increased in July 2021. Just-released statistics indicate that HUD Code manufacturers produced 7,564 homes in July 2021, a 1% increase over the 7,485 new HUD Code homes produced during July 2020. Cumulative production for 2021 now totals 61,323 homes, a 14.3% increase over the 53,650 homes produced during the same period in 2020.
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 2021 — with cumulative, monthly, current year (2021) and prior year (2020) shipments per category as indicated — are:
The July 2021 production data results in no changes to the cumulative top-ten 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.
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Additional Information, More MHProNews Masthead Analysis and Commentary
First, let’s note that the Manufactured Housing Institute (MHI) has stopped providing emailed new manufactured home production data updates to their readers perhaps 2 years ago. So, MHARR is now the only national trade association providing the manufactured home industry this data gratis. It is not an insignificant point. MHI touts their glories, but then they fail to do something so basic as providing housing data that MHARR, the National Association of Homebuilders (NAHB), the National Association of Realtors (NAR), or the RV industry’s trade associations give to the public.
When MHI did provide such economic data, they contorted in order to try to make the obvious dip in production and sales that occurred following their demonstrably failed Clayton-backed MHI-branded CrossModTM homes scheme.
While the industry is still up over 2020, since the intense demand for any new housing finally reversed the 2½ year dip that followed MHI’s “new class of manufactured home” later renamed CrossMods, the pace of production has slowed. Why? That is explored in the two reports linked above.
But the newest data reveals that the predication by an MHI insider tipping MHProNews last month has already come to pass.
One fair reading of the evidence is this. MHI’s “Big 3 Builders” of Clayton Homes (BRK), Skyline Champion (SKY), and Cavco Industries (CVCO) entered the COVID19 era, there have been various tactics that MHProNews alone has reported about apparent new types of hits on independent retailers and communities. How others in our industry’s bloggers other trade media could miss such concerns may speak to the close ties that they have with MHI. Indeed, the only source the periodically provides information from MHARR is Kurt Kelley’s MHReview. For that, Kelley deserves credit.
The industry is but a shadow of itself from where it was the years that Warren Buffett led-Berkshire Hathaway bought first vertically integrated Oakwood manufactured homes and then vertically integrated Clayton Homes. While there are those who have mistakenly or demonstrably misguidedly attempted to defend the MHI track record, the evidence time and again proves them wrong. See the related and linked reports for more. NOTICE: A special report on changing this trajectory by getting to the root causes is planned, perhaps it will be ready by next week. Stay tuned.
The evidence routinely points one way. No wonder why MHI, their major brands, and even their outside attorneys all went silent when it comes to engaging with MHProNews on these troubling trends and growing evidence.
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By L.A. “Tony” Kovach – for MHProNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing.
For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.
This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
Related References:
The text/image boxes below are linked to other reports, which can be accessed by clicking on them.
