April shipments moved down 10% from March with both single-section and multi-section home shipments moving down 10.3% and 9.6% respectively. Shipments from out of state manufacturers into Texas declined 51% from the previous month.
The 1,538 total homes shipped for April was up a solid 28% from April of 2017, with large gains in both single-section and multi-section homes. The 1,538 homes reported as shipped by TDHCA was below the 1,621 homes reported as shipped in MHI’s Monthly Economic Report for the same month, so April’s totals may have been a bit better than what we have on record.
The economic fundamentals for Texas have remained strong through May, with historic unemployment, increased oil production, and housing inventories sitting around the 3.4 month mark. The headwinds of increased supplies costs and construction labor shortages continue, but the strong demand for affordable housing continues.
|Total for April:||875||663||1,538|
|Change from March:||-10.26%||-9.55%||-9.95%|
|Change from April of 2017:||25.9%||30.77%||27.95%|
|Total for 2018 YTD:||3,715||2,582||6,297|
|Change from 2017 (%):||29.58%||16.62%||23.93%|
|Change from 2017 (Units):||848||368||1,216|