MHI Monthly Economic Report – October 08, 2012

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5,567 New HUD-Code Homes Shipped in
August 2012 – Up 7.8 Percent from August 2011
MHI’s Monthly Economic Report© for August 2012 is now available.

In August 2012, 5,567 new manufactured homes were shipped, up 7.8 percent from August 2011. The trend varied by housing type with shipments of single section homes down compared with the same month last year, while shipments of the multi-section homes showed a 16.3
percent increase.

Compared with the prior year, 2012 has recorded shipment increases in every month. For the first eight months, current year shipments totaled 37,498 homes compared with 31,994 homes in 2011, a net increase of 17.2 percent. A total of 8,764 floors were shipped in the month, an increase of 10.8 percent over August 2011.

The seasonally adjusted annual rate (SAAR) of shipments was 57,639 in August 2012, up 12.0 percent from the rate of 51,479 in July 2012. The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.

The number of plants reporting production in August was 122 and the number of active corporations was 44, both unchanged from the prior month.

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