Manufactured Housing Production Decline Persists in September 2023
Washington, D.C., November 3, 2023 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production declined again in September 2023. Just-released statistics indicate that HUD Code manufacturers produced 7,955 new homes in September 2023, a 15.2% decrease from the 9,381 new HUD Code homes produced in September 2022. Cumulative production for 2023 is now 66,647 homes, a 25.7% decrease from the 89,812 homes produced over the same period during 2022.
A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current year (2023) and prior year (2022) shipments per category as indicated — are:
The statistics for September 2023 produce one change from last month, moving Louisiana into 7th place, ahead of Michigan.
Again, as it has for months now, inherently affordable manufactured housing continues to significantly underperform, with production levels for 2023 remaining far below the industry’s potential and even the diminished annual production averages of the past decade-plus. Reversing this trend will require a laser-like focus and concrete remedial action to combat the discriminatory zoning exclusion and concurrent failure of Fannie Mae and Freddie Mac to implement the Duty to Serve (DTS) mandate with respect to the 80% of the mainstream manufactured housing consumer finance market represented by personal property loans, which have – and continue to – undermine the manufactured housing market.
The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.- based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.
Washington, D.C., November 3, 2023 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured housing industry year-over-year production declined again in September 2023. Just-released statistics indicate that HUD Code manufacturers produced 7,955 new homes in September 2023, a 15.2% decrease from the 9,381 new HUD Code homes produced in September 2022. Cumulative production for 2023 is now 66,647 homes, a 25.7% decrease from the 89,812 homes produced over the same period during 2022.
A further analysis of the official industry statistics shows that the top ten shipment states from January 2023 — with monthly, cumulative, current year (2023) and prior year (2022) shipments per category as indicated — are:
The statistics for September 2023 produce one change from last month, moving Louisiana into 7th place, ahead of Michigan.
Again, as it has for months now, inherently affordable manufactured housing continues to significantly underperform, with production levels for 2023 remaining far below the industry’s potential and even the diminished annual production averages of the past decade-plus. Reversing this trend will require a laser-like focus and concrete remedial action to combat the discriminatory zoning exclusion and concurrent failure of Fannie Mae and Freddie Mac to implement the Duty to Serve (DTS) mandate with respect to the 80% of the mainstream manufactured housing consumer finance market represented by personal property loans, which have – and continue to – undermine the manufactured housing market.
The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.- based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.
