MHI Economic Report: Production and Shipments See Strong Year-End Finish

The manufactured housing industry closed out 2024 on a high note, with notable increases in production and shipments. December production saw an 11.3% year-over-year increase, contributing to an impressive 15.9% growth in year-to-date production.

Shipments also trended upward, with single-section homes rising 11.1% year-to-date, while multi-section shipments surged by 19.7%. The overall seasonally adjusted annual rate (SAAR) of shipments reached 103,571 homes, reflecting a 7.3% increase compared to 2023.

Regionally, 8 out of 9 regions experienced shipment growth, with the East North Central region leading the way at a 58% year-over-year increase. The West South Central and Pacific regions also showed solid growth, rising 13.4% and 12.9%, respectively.

FEMA did not receive any shipments in December, bringing its fiscal year total to 169 homes. The manufacturing landscape remained stable, with 152 plants and 38 manufacturers nationwide—no new plants were established last month.

Manufactured housing continues to hold a strong place in the broader housing market, accounting for 8.9% of all single-family home starts in December 2024.

With sustained growth and regional expansion, the sector appears poised for continued success in 2025.