Great news from MHI yesterday on new manufactured home shipping in September! Over 77k new homes have been delivered in 2024. We need to keep growing this space to support the need for affordable housing!
Monthly Manufactured Home production: September production changed by +10.8% year-over-year. Production was up 16.1% year-to-date. (Table 3)
· Monthly Manufactured Home shipments: In September 2024, single-section shipments were up 11.1% year-to-date. Multi-section shipments increased by 20.2% year-to-date. (Tables 9-10)
· Annual Rate of Shipments: The seasonally adjusted annual rate of shipments (SAAR) was 105,770 (11% higher than 2023).
· Regional Performance: 8 of the 9 divisions across the country experienced growth in shipments from Sep 2023 to Sep 2024. The divisions with the greatest percent increase in shipments were West North Central (99 homes and +35.9% Year-over-Year increase), Mountain (95 homes; 19.6% increase), and Middle Atlantic (41 homes; 14.3% increase). (Table E2)
· FEMA had 20 home shipments in September. FY2024 total was 163 homes (excluding adjustments).
· Current Manufactured Home landscape includes 152 plants and 38 manufacturers. Two new plants opened, one in Mississippi and one in North Carolina. (Table 26)
· Manufactured Homes as % of Single-Family Home Starts: Manufactured Homes accounted for 9.1% of single-family home starts in Sep 2024. (Table 25, Panel A)
https://www.manufacturedhousing.org/resource/september-2024-economic-report/
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