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More Manufactured Home Data Reflects Additional Warning Signs

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While the ‘big boys’ behind the Manufactured Housing Institute (MHI) have, or should, the August 2019 new home production and manufactured home shipment data, most industry professionals and readers must settle for the ‘tea leaves’ that come from other sources that provide useful indicators.

 

What follows is from the Texas Manufactured Housing Association (TMHA) earlier today in a statement to MHProNews. They won’t refer to it as the cautionary tale that it is, because of the ‘big boy’ influence in that state and so many others.

But the facts are what they are. During an affordable housing crisis, about a year since MHI proclaimed “momentum” in a 2018 video that they still surprisingly (LOL, how embarrassing?!?) have on their home page, the industry’s top producing and #1 selling state in the nation is reporting another year-over-year decline.

We’ll start with a word-for-word recap of their report, followed by some additional insights and information for the industry’s forward-looking thinkers.

TMHAWebsiteManufacturedHomeProNews

 

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TEXAS MANUFACTURED HOME SHIPMENTS MARKET ANALYSIS

Wednesday, October 2, 2019 9:45:00 AM

AUGUST

Manufactured home shipments for August moved up from July to the second highest total of the year at 1,418 homes. Multi-section shipments beat single-sections making it nine straight months in a row.

August’s additional production days over July tends to lead to large month-over-month gains, but there was a noticeable acceleration in single-section shipments and the gap between singles and multi-section shipments, which had been running wide for the last two months, narrowed.

The totals for both single-section and multi-section homes were below those of August of 2018.

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Texas plants exported an additional 440 homes out of state and hit the highest total home production mark of the year with 1,790 homes built.

August2019TexasManufacturedHomeShipmentDataMHProNews

AnnualTotalTexasManufacturedHousingAssociationLogoTMHAAug2019YeartoDateYearOverYearManufacturedHomeProNews

 

MHProNews Analysis

It was over 2 years ago that MHProNews raised the cautionary flag in the report linked below.

While Manufactured Housing Overall Rises, Some Slip Sliding Away

We continued to report on that nettlesome factoid in articles like the one linked below.

Another Top Manufactured Home State is Sliding on New HUD Code Home Shipments, More New Data

But it was 5 years ago that our publisher laid out what was coming shortly before U.S. Bank and another long-time stalwart in our industry pulled the plug on actively seeking business in the manufactured housing industry space.

Bank Vault Door Closes on Manufactured Housing Lender – Masthead L. A. ‘Tony’ Kovach

We’ve heard for some time the whispers about the now announced closure of U.S. Bank’s indirect manufactured housing lending program. To protect sources, we’ve been unable to do more than hint before today about what is now a done deal. We didn’t have a date, but knew it was ‘coming.’

In humility, Tony Kovach has done a series of ‘mea cuplas’ in not recognizing sooner what MHARR called earlier this year the “Illusion of Motion” that emanates from MHI. That said, our track record of straight-talk, evidence-based, follow-the-money reports are head and shoulders over any other trade publisher in our industry, which may explain why our traffic dwarfs all others too. Preliminary data for September indicates another rise in MHProNews traffic. Who says?  How about a rival publisher?

KurtKelleyPublisherPhotoManufacturedHousingReviewMHLivingNewsQuoteFriendHoldMHIAccountableMHARR
Indeed, Kelley has contributed to MHProNews numerous times over the years, and has commented on political topics too. He published an article by Berkshire Hathaway unit manager Joanne Stevens, which without mentioning MHI, was clearly slamming them for what her article in MHR saw as a failure of industry preparation for obvious attacks on the industry.

We’ll watch for the formal release of official August 2019 national data. Whatever it shows, you can count on this. For at least 10 months, out of 12, manufactured homes production and shipments were down year-over-year. The series of excuses given by MHI’s powers-that-be were only debunked among the industry’s prime trade media by MHProNews and MHLivingNews.

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See their track record, linked here, here, here, and here.

It was almost 2 years ago that MHARR said in a formal report that a new, post-production trade group was needed.

MHARRreleasesStudyRecommendingIndependentCollectiveRepresentationPostProductionSectorManufacturedHousingAssocRegulatoryReformMHProNews
https://manufacturedhousingassociationregulatoryreform.org/mharr-releases-study-recommending-independent-collective-representation-for-post-production-sector/

It was over 7 years ago that MHProNews said similarly.  Nor were we alone, the MHIdea retailer group was floated previously too.

Giving Thanks for Manufactured Housing Independents, Applauding “MHIdea!”

GusRodriguezTejasHomesConroeTXIndustryVoicesDailyBusinessNewsMHProNews-e1516120612690

More later this week and then next week as the data evolves. To get additional details from neighboring states and last month’s snapshots, see the related reports, below the byline, offers, and notices.

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There are plenty of ‘trade news’ that give you the Omaha-Knoxville-Arlington party line.  But if that leadership was worthy of the name, the industry should be soaring, right? That’s your third installment of your #1, most-read trade media. The unvarnished facts are laid out for you here at your home of manufactured home industry “News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. Connect with us on LinkedIn here and and here.

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CHECKLIST

Related Reports:

Click the image/text box below to access relevant, related information.

Snopes and Manufactured Housing Fact-Check Project

Sobering Multi-State Level Manufactured Home Shipment Data Reveals Top Performers Sliding

Facts – Manufactured Home Shipment, Production Data by States, Sizes, Floors – Plus Sunday Headlines in Review

Manufactured Home Communities, Production, Suppliers Investing Alerts – Manufactured Housing Institute

ManufacturedHousingIndustrysOpportunitiesObsticalesExecutiveSummaryMastheadLATonyKovachManufacturedHomeProNews
https://www.manufacturedhomepronews.com/masthead/manufactured-housing-industrys-opportunities-and-obstacles-executive-summary/
HUDurbanInstituteLogoEdwardGoldingPhotoKnewManufacturedHousingInstituteLogoLesliGoochPhotoToldHimMHProNews
https://www.manufacturedhomelivingnews.com/huds-urban-institutes-edward-golding-knew-because-manufactured-housing-institutes-lesli-gooch-told-him/

Surprising Demo – National Association of Realtors Reveals Manufactured Homes Living Less Costly Than Renting

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

IncredibleShrinkingZoningProblemManufacturedHousingAssocRegulatoryReformIssuesPerspectivesSept2019
https://manufacturedhousingassociationregulatoryreform.org/the-incredible-shrinking-zoning-problem-september-2019-mharr-issues-and-perspectives/

Fact Checks – What MHVillage’s Claims Tell Manufactured Housing Industry Professionals – Cautions, Analysis

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