{"id":2698,"date":"2024-11-06T16:55:35","date_gmt":"2024-11-06T21:55:35","guid":{"rendered":"https:\/\/mortgageflex.com\/?p=2698"},"modified":"2024-11-06T16:55:35","modified_gmt":"2024-11-06T21:55:35","slug":"great-news-from-mhi-yesterday","status":"publish","type":"post","link":"https:\/\/mortgageflex.com\/great-news-from-mhi-yesterday\/","title":{"rendered":"Great news from MHI yesterday"},"content":{"rendered":"
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!<\/p>\n
Monthly\u00a0Manufactured Home production:\u00a0September production changed by\u00a0+10.8%\u00a0year-over-year.\u00a0Production\u00a0was\u00a0up\u00a016.1% year-to-date. (Table 3)
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0Monthly\u00a0Manufactured Home shipments:\u00a0In\u00a0September 2024,\u00a0single-section shipments\u00a0were\u00a0up 11.1% year-to-date.\u00a0Multi-section\u00a0shipments increased by 20.2%\u00a0year-to-date.\u00a0(Tables 9-10)
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0Annual Rate of Shipments:\u00a0The seasonally adjusted annual rate of shipments (SAAR)\u00a0was\u00a0105,770\u00a0(11% higher than 2023).
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0Regional Performance:\u00a08 of the 9 divisions across the country experienced growth in shipments from Sep 2023 to Sep 2024. The divisions with the greatest\u00a0percent\u00a0increase\u00a0in\u00a0shipments\u00a0were\u00a0West 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)
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0FEMA\u00a0had\u00a020 home\u00a0shipments in September.\u00a0FY2024 total\u00a0was\u00a0163 homes\u00a0(excluding adjustments).
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0Current Manufactured Home landscape\u00a0includes\u00a0152 plants\u00a0and\u00a038 manufacturers.\u00a0Two new plants opened, one in Mississippi and one in North Carolina. (Table 26)
\n\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0Manufactured Homes as % of Single-Family Home Starts: Manufactured Homes accounted for\u00a09.1%\u00a0of single-family home starts in Sep 2024. (Table 25, Panel A)<\/p>\n