November Economic Report Signals Strong Finish to 2024

Last week, MHI members received an exclusive briefing, the Economic Report for November 2024. In November, manufactured housing production increased by 10.7% compared to the previous year, with a year-to-date rise of 16.2%. Shipments of single-section homes were up 11.5% year-to-date, and multi-section shipments grew by 20.2%. The seasonally adjusted annual rate of shipments (SAAR) was 109,313, marking an 18.8% increase from 2023. Every region in the U.S. saw shipment growth, with the East North Central, New England, and Pacific divisions showing the highest increases. FEMA shipped 22 homes in November, bringing its FY2025 total to 169, all going to Alabama. The industry remains stable with 152 plants and 38 manufacturers. Manufactured housing made up 10.2% of single-family home starts in November.

MHI members can view the full report here.