MH SHIPMENT REPORT: 8,179 New HUD Code Homes Shipped In June 2023
Source: Manufactured Housing Institute (MHI) Monthly Economic Report
Manufactured Housing Highlights
NEW HOMES PRODUCED IN JUNE 8,169
Increase from May 2023 + 3.8%
Decrease from June 2022 – 28%
HOMES PRODUCED YTD 2023 43,888
Year to date 2022 -29%
FEMA units June 2023 33
Single Section Shipments
Decreased over June 2022 -28.2%
Decreased over June 2022 -27.9%
In June 2023, 8,179 new manufactured homes were shipped, an increase of 281 homes or 3.6 percent compared to May 2023, and a decrease of 3,193 homes or 28.1 percent compared to June 2022. Compared with the same month last year, shipments of both single-section and multi-section homes were down, by 28.2 percent and 27.9 percent, respectively. Total floors shipped in June 2023 were 12,642, a decrease of 4,939 floors or 28.1% compared with the same month last year.
The seasonal adjusted annual rate (SAAR) of shipments was 89,521 in June 2023, up 1.6 percent compared to the adjusted rate of 88,105 in May 2023. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.
Cumulative shipments through June this year totaled 43,893 homes compared with 61,650 homes for the first six months of 2022, a net increase of 28.8 percent’
In June 2023, 8169 new manufactured homes were produced, an increase of 300 homes or 3.8 percent compared to May 2023, yet a decrease of 3,204 homes or 28.2 percent compared to June 2022. MHI’s Monthly Economic Report includes numbers for both manufactured home production and shipments. The difference between the two is attributed to the number of homes that have been produced, but their destinations are pending. Of the homes produced, 33 were FEMA designated units for Alabama.
The number of plants reporting production in June 2023 was 145 and the number of active corporations was 34, the same number of corporations yet one fewer plant than in the prior month,