The average sales price for multi-section homes in the South Census Region according to the Manufactured Housing Survey (MHS) moved up to $169,900 in April, a +10.0% increase from the previous month and +$700 above the top of our forecasted price range for the month.
The average multi-section price was up +39.0% over March of 2021 in nominal terms and up +28.4% after adjusting for inflation.* The Producer Price Index (PPI) for manufactured home builders moved down in August for the second straight month, so we expect prices to level off as the late summer data comes in. This would have been the third straight month of declines in the index, but the June number was revised up.
The average single-section price moved down -2.0% from the previous month, coming in at $83,500 which was just +$200 over the point forecast.
The average sales price for single-section homes was up +23.2% over April of 2021 nominally, and up +13.9% after adjusting for inflation.*
Using a regression model based on the most recent producer price index for manufactured housing data, the forecasted average multi-section sales price is now estimated at $159,200 (+/- $8,900) for multi-sections and $87,000 (+/- $5,500) for single-section homes*.
This interactive chart is built off of the US Census Buereau’s Manufactured Housing Survey (MHS) Tables
Texas Average Annual Manufactured Home Sales Price
The Census Bureau releases the previous year’s annual average price data for manufactured homes at the individual state level in the summer.
The average sales price for a new single-section manufactured home in 2021 was $75,900, up +26.1% nominally over the prior year and up +17.8% after adjusting for inflation*, while the average multi-section price was $138,300, up +26.9% nominally from 2020 and up an inflation-adjusted +18.5%* .
This interactive chart is built off of the US Census Bureau’s Manufactured Housing Survey (MHS) Tables
* Inflation adjustments are made using the U.S. Bureau of Labor Statistics Consumer Price Index for All Urban Consumers.