8,613 New HUD-Code Homes Shipped in October 2017
In October 2017, new manufactured home shipments increased 20.6 percent to 8,613 compared to 7,144 homes shipped in October 2016.
Total shipments for October 2017 are 13.5 percent higher than September 2017.
Compared with October 2016, the trend shows across-the-board increases, with shipments of single-section and multi-section homes up by 28.9 and 12.5 percent, respectively. Total floors shipped in October 2017 increased 17.9 percent to 12,775 compared to October 2016.
Where FEMA Homes Shipped in October
Nearly 600 homes of the 8,613 homes shipped in October were FEMA units. Three states received FEMA units in October: Alabama (141), Maryland (17) and Texas (434).
Shipments have increased each month this year when compared to last year. Shipments from January through October of this year total 77,034 homes compared with 67,055 homes in 2016, a 14.9 percent increase.
The seasonally adjusted annual rate (SAAR) of shipments increased to 91,761 in October 2017, up 6.1 percent from the adjusted rate of 86,495 in September 2017. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.
In conclusion, October 2017 saw 130 plants representing 35 corporations report production data, unchanged from September 2017.
The full MHI Monthly Economic Report© for October 2017 is available now for members at the Institute’s website.
