August 2016 Reports and September Preliminary Data

New titles for August finished stronger than the preliminary data suggested in last month’s report. Multi-section titles came in slightly up, and single-section titles were up a healthy 10.61% over July and 24.56% over August of 2015.

Looking at county installs for the month, Caldwell (56.25% MoM) and Hidalgo (38.89% MoM) landed in the top five for the month with big month-over-month gains, although that wasn’t quite enough sales to keep Johnson County from over taking Hidalgo in the top ten counties for new installs on the year.

Used titles had a strong month with nearly double-digit gains across every section.

In September’s preliminary numbers we’re seeing a slowdown from August. This is a pattern we’ve seen every September since we started our market analysis back in 2012 and could be a seasonally related phenomenon. The same month comparisons against September of 2015 look better, but show a slight decline driven by fewer single-section home sales. For more information on the market, check out the September Shipment Report and for those interested in lending analysis our HMDA Report for 2015 was released earlier this month.

We’ll be watching to see what October’s data brings, since 2012 it’s been a coin flip as to whether titles move up or down moving from September to October.

August

New TitlesSinglesMultisTotal
Total for August: 563 509 1,072
Change from July: 10.61% 0.59% 5.62%
Change from August of 2015: 24.56% 9.23% 16.78%
Total for 2016 through August: 4,361 4,102 8,463
Change from 2015 (%): 7.49% 11.65% 9.47%
Change from 2015 (Units): 304 428 732
Top Five Counties for New Installs this MonthTotalChange (MoM%)
Harris 52 4%
Montgomery 41 -12.77%
Bexar 35 -27.08%
Caldwell 25 56.25%
Hidalgo 25 38.89%
Used TitlesSinglesMultisTotal
Total for August: 191 96 287
Change from July: 17.18% 9.09% 14.34%
Change from August of 2015: 25.66% 14.29% 21.61%
Total for 2016 through August: 1,749 983 2,732
Change from 2015 (%): 9.45% -5.75% 3.45%
Change from 2015 (Units): 151 -60 91

September

New TitlesSinglesMultisTotal
Total for September: 380 349 729
Change from August: -17.75% -15.5% -16.69%
Change from September 2015: -5.94% 5.44% -0.82%
Used TitlesSinglesMultisTotal
Total for September: 111 62 173
Change from August: -15.91% -8.82% -13.5%
Change from September 2015: 19.35% -6.06% 8.81%

July

RevisionsSinglesMultisTotal
New titles increased: +22 +28 +50
Used titles increased: +26 +13 +39

TMHA’s Reports

Lender

* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.