6,161 New HUD-Code Homes Shipped in February 2016
In February 2016, 6,161 new manufactured homes were shipped, an increase of 28.9 percent from February 2015, and an increase of 392 homes or 6.8 percent compared to January 2016. The trend reflected gains across the board, with shipments of single section and multi-section homes up by 21.8 percent and 35.7 percent respectively, compared with the same month last year. Total floors shipped in February 2016 were 9,527, an increase of 31.2 percent compared with February 2015.
Compared with the prior year, 2016 has recorded shipment increases in January and February. For the first two months of this year, shipments totaled 11,930 homes compared with 9,722 homes in 2015, a net increase of 22.7 percent.
The seasonally adjusted annual rate (SAAR) of shipments was 86,281 in February 2016, up 7.9 percent from the adjusted rate of 79,961 in January 2016. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.
The number of plants reporting production in February 2016 was 123 and the number of active corporations was 37, both increased by one from the previous month’s numbers.
MHI members can click here to access the February 2016 report.