December 2017 Reports and January Preliminary Data

New titles in December moved down 14.4% from November with a decline in both single and multi-section homes. The 905 new homes titled for the month were up 9.8% over December of 2016.

Despite seeing significant decreases in installations from November, Harris, Orange and Montgomery counties landed in the top three spots for December. Travis and Brazoria counties rounded out the top five with Ector and Liberty counties not far behind.

With this release we mark the official end of 2017 reporting and new titles came in at 13,283. That’s a 6.3% increase from 2016 with annual gains for both single-section homes (+8.5%) and multi-section homes (+4.0%).

There was a slight reordering of the top ten counties for new home installations for the year. Dallas and Hays counties dropped out as Midland and Orange counties moved in.

Beginning with the April report we’ve been tracking the rise in cash sales for 2017. At that time cash sales were up 15.9% YoY and though they didn’t remain that high in comparison, they still ended the year up 10% over 2016. There were 4,285 new homes purchased without a lien attached and that accounts for 32.3% of all new home titles for 2017.

We’ve also been tracking the year-over-year changes in property type elections for 2017 titles. Below are the numbers through December 2017:

Property TypeTotalChange (YoY%)Change (YoY Units)
Personal Property New 11,756 4.73% 531
Personal Property Used 4,069 3.25% 128
Real Property New 1,450 14.9% 188
Real Property Used 167 -4.02% -7
Personal Property Business New 77 1000% 70
Personal Property Business Used 56 7.69% 4

As we close out the title reports for 2017 I’d like to thank you all for using TMHA stats and as always please let me know what additional reporting we can provide to help better serve you. I’ve opened up access to the 2018 reports on all the annual and monthly reports, so on to 2018!

December

New TitlesSinglesMultisTotal
Total for December: 455 450 905
Change from November: -13.5% -15.25% -14.38%
Change from December of 2016: 7.06% 12.78% 9.83%
Total for 2017 through December: 7,021 6,262 13,283
Change from 2016 (%): 8.48% 3.99% 6.32%
Change from 2016 (Units): 549 240 789
Top Five Counties for New Installs this MonthTotalChange (MoM%)
Harris 44 -29.03%
Orange 40 -18.37%
Montgomery 37 -27.45%
Travis 36 28.57%
Brazoria 35 2.94%
Used TitlesSinglesMultisTotal
Total for December: 134 104 238
Change from November: -19.28% 8.33% -9.16%
Change from December of 2016: 10.74% 16.85% 13.33%
Total for 2017 through December: 2,855 1,437 4,292
Change from 2016 (%): 7.01% -4.14% 3%
Change from 2016 (Units): 187 -62 125

January

New TitlesSinglesMultisTotal
Total for January: 329 324 653
Change from December: -10.35% -8.99% -9.68%
Change from January 2016: 1.86% 24.62% 12.01%
Used TitlesSinglesMultisTotal
Total for January: 91 48 139
Change from December: 4.6% -31.43% -11.46%
Change from January 2016: -3.19% 0% -2.11%

November

RevisionsSinglesMultisTotal
New titles increased: +45 +50 +95
Used titles increased: +32 +15 +47

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.