Manufactured Home Producer Price Index October and November 2025 - Wholesale Pricing Trends

Manufactured Home (PPI)

The Producer Price Index (PPI) for manufactured housing was released for October and November this month simultaneously and the November reading showed a very large sequential increase of 3.8% over the previous month. The September reading was revised down slightly and the October value was recorded as the same as September.

October survey data collection could have been impacted by the government shutdown and it’s possible the October value was just imputed with the September number. Regardless, the increase shown through November is significant and the index is now at its third higest reading of all time, sitting just under the 2022 peak.

The national PPI reading was in contrast to what Texas manufacturers reported about their prices received in November. The last four months of PPI readings can be subject to revisions, so we’ll see if this reported national increase remains over the next quarter of releases.

Wholesale prices nationally were reported as up 4.7% above November of 2024.

Inputs to Residential Construction Goods (PPI)

On the costs of materials to manufacturers the PPI for input goods to residential construction moved up 0.4% in November over the previous month to hit a new all-time high, and was up by 3.4% over November of 2024. The year-over-year gain was the largest increase since January of 2023.

The Inputs to Residential Construction Goods is not a perfect proxy for manufactured home builders matrials costs as it includes ready-mix concrete prices and does not include the steel used for chassis assembly nor does it weight transporation costs as heavily as they would be in a manufactured home index. We plan on expanding this report to include looks at those markets individually, but none of them showed anything like the large November increase in reported manufactured home wholesale pricing we saw this month.

Prices Received for Finished Manufactured Homes (TMHS)

The regional Texas Manufactured Housing Survey (TMHS) results had prices received for finished homes moving lower for the weighted sample through December, so if there was a November elevation in national prices it appears to have occured accross states other than Texas.

We recently created a new report with the data and analysis on all of the TMHS indicies for TMHA members.

Average Retail Selling Prices with TMHA Forecasts (MHS)

Using the MH PPI in a regression model to predict average selling prices in the South Census region puts the average sales price in November at $159,700 (+/- $8,700) for multi-section homes and $88,000 (+/- $6,200) for single-section homes*.

*The PPI is not a perfect predictor for the Census’ Manufactured Housing Survey average price results, but it does account for over 90% of the variability when used in a regression model as the explanatory variable.