The Manufactured Housing Institute, which is the national advocacy group for factory built housing and land-lease community living, announced recently that annual home shipments for the first time since 2022 have surpassed the 100,000 mark.
Only twice previously in the last 18 years has the industry produced as many homes. The years 2021 and 2022 each eclipsed the 100,000 mark, and with the current need for housing and encouraging projections for growth the annual numbers in the near future may be more reminiscent of the 2003 through 2005 years when deliveries were 130,000 or better.
October production was up 22.3 percent year-over-year, and up 16.8 percent year-to-date. Single-section shipments were up 12 percent year-to-date, multi-section shipments increased by 20.8 percent year-to-date. The seasonally adjusted annual rate of shipments (SAAR) increased to 108,480, a 15.4 percent increase from 2023. Manufactured homes accounted for 11.2 percent of national home starts in October.
MHI stated that eight of nine regional divisions across the country experienced growth in shipments, comparing October 2023 to October 2024. The divisions with the greatest percent increase in shipments, it reported, were East South Central (35.6 percent year-over-year increase), Mountain (28.2 percent increase), and Pacific (24.9 percent increase).
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