“Skyline Champion Corporation was formed June 1st, 2018 as the result of the combination of Skyline Corporation and Champion Enterprises Holdings, LLC. The combined company employs over 7,000 people and is one of the largest homebuilders in North America. With over 67 years of homebuilding experience and 38 manufacturing facilities throughout the United States and western Canada, Skyline Champion is well positioned to build a wide variety of manufactured and modular homes, park-model RVs and modular buildings for the multi-family, hospitality, senior and workforce housing sectors,” boasts the firm’s website home page.
Skyline-Champion’s (SKY) home page goes on to say that they have:
· 7000 Employees in North America
· 38 Manufacturing Plants
· Over 3 million homes built
· 67 Years of building manufactured housing
Some of those claims could be nit-picked. No company has built manufactured housing for 67 years in the United States, because HUD Code manufactured homes were ‘born’ on June 15, 1976. So, consider that their verbal shorthand for the years that a brand name existed in both the mobile home era and in the decades since manufactured homes have been built. Perhaps the more subtle way would be to simply call it as years building “MH,” as they do in some parts of the IR package.
That said, what is not disputable is that the latest data from the Texas Manufactured Housing Association (TMHA) puts Champion’s single plant production over that of rivals such as Clayton Homes or branches of Cavco Industries. In that specific respect, they are #1 in the top producing and shipping state in the nation for HUD Code manufactured homes.
Here is the TMHA’s breakdown by plant by HUD Code builder.
With that backdrop, a look at the historic trend in this updated Skyline Champion graphic is noteworthy. The red boxed text comments are by MHProNews, but the data is as supplied by Skyline Champion, which cited the U.S. Census Bureau for their data.
This report should be read in the light of the national information, linked below.
Manufactured Housing Production and Shipments, Official HUD Data, Report for May 2019
To learn more about why the industry is underperforming, see the related reports, linked below.
Nobility Homes Bucks National Trends, Reported Serious Growth, plus Manufactured Home Stock Updates
That’s a wrap on this edition of manufactured home “Industry News, Tips, and Views, Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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 here.
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