7,309 New HUD-Code Homes Shipped in August 2016
In August 2016, 7,309 new manufactured homes were shipped, an increase of 15.5 percent from August 2015, and an increase of 1,939 homes or 36.1 percent compared to July 2016. Compared with the same month last year, there were increases in home shipments across the board, with shipments of single section and multi-section homes up by 14.3 percent and 16.4 percent respectively. Total floors shipped in August 2016 were 11,457, an increase of 16.0 percent compared with August 2015.
Compared with the prior year, 2016 has recorded shipment increases for the first eight months of the year. Shipments from January through August this year totaled 52,536 homes compared with 45,705 homes in 2015, a net increase of 14.9 percent.
The seasonally adjusted annual rate (SAAR) of shipments was 79,037 in August 2016, up 17.1 percent from the adjusted rate of 67,499 in July 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 August 2016 was 126 and the number of active corporations was 34, both unchanged from the previous month.
MHI members can click here to access the Manufactured Housing Activity for August 2016 – Industry Production, Shipments and Trends report.