Producer Price Index for Manufactured Homes
as the downward trend that started in August of 2022 continued. The preceding month in the series was revised downward. PPI data for the last four months is subject to revision by the Bureau of Labor Statistics.
The year-over-year change was officially negative for the first time in the decade that we’re tracking, declining one basis point from February a year ago.
The decrease in the price index was consistent with the Texas Manufactured Housing Survey (TMHS) results for February which had prices received moving lower for participating manufacturers. Expectations are moving towards a stabilization in wholesale prices for most Texas plants.
A regression model on the price index puts the forecasted average sales price for new homes in the south census region at approximately $154,600 (+/- $8,600) for multi-sections and $83,900 (+/- $5,900) for single-section homes*.
This interactive chart is built from the U.S. Bureau of Labor Statistics Producer Price Index by Industry: Manufactured Home, Mobile Home, Manufacturing: Manufactured Homes (Mobile Homes), All Width Sizes (Including Multisection) (PCU3219913219911)
Producer Price Index (PPI) Data
The index tracks the change over time of selling prices received by participating producers, with the index value of 100 representing the prices received in June of 1981.
*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.