According to the Manufactured Housing Association of Oklahoma (MHAO), the following data has been provided.
They also stated, perhaps a reference to data previously published by the Manufactured Housing Institute (MHI), the text below their shipment graphic.
The industry is still performing at historically low levels. Sales are a post-production issue, not a production issue. That makes this the bailiwick of MHI, which claims the represent all segments of factory-built and manufactured housing.
Without saying a word about MHI, isn’t this a sobering reality check? Ray McKay of Clayton Homes in Bonham, TX is their new association president.
While the most recent ‘trend’ or monthly report is up, that would ignore the facts that:
- manufactured housing is only performing at about 25 percent of its last high in 1998.
- That for 10 out of the last 11 months, shipments were in decline. That cumulative decline is why the higher performing states – as reflected by the MHAO data – is still lower in 2019 than it was in 2018.
- It would also ignore the pledge by MHI President Richard ‘Dick’ Jennison that the industry could achieve 500,000 new home shipments.
When? After Clayton Homes and a few ‘insider’ companies have absorbed an even higher percentage of the industry’s independents?
Facts are stubborn things. Some 8 million housing units are needed in the U.S., per the National Association of Realtors. Some 7 million affordable housing units are needed, per the National Low Income Housing Coalition. That being so, why is HUD Code manufactured housing performing at such low levels? To learn more, see the related reports, below the byline, notices, and offers.
The industry’s been consolidating, while shipments remain at historically low levels.
Coincidence? That’s today’s first look at manufactured home industry “News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)
Submitted by Soheyla Kovach for MHProNews.com.
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