MH Shipments Drop in April

Bloomberg reports shipment of manufactured housing in April fell to a seasonally-adjusted annual rate of 46,000 from 47,000 from March, according to the Census Bureau.  The average sales price fell from $59,300 to $56,800 in April.  The seasonally-adjusted dealer inventory remained steady at 22,000, while placements dropped from 43,000 to 42,000, March over April.

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