Manufactured home shipments for September were -14.7% lower than they were in August, they were pulled down by a -22% drop in single-section shipments and a -6.8% decrease in multi-section homes. With the Labor Day holiday falling on the 3rd of the month, September had four days less production than August.
The year-over-year data was positive with September’s 1,358 total homes shipped 0.9% above September of 2017. Multi-section shipments expanded and were up 13% over last September, while single-section shipments declined -9.8%.
The 0.9% increase marked the lowest monthly gain over the same month in 2017 to date but continues the year-over-year gains we’ve seen through every month thus far though the first three quarters of the year. Zooming back even further and the year-over-year monthly gains streak extends back through every month in 2017 as well, so September marks 21 straight months of year-over-year gains. As we mentioned last month, we expect that streak to end for October next month when the shipments for 2017 will begin including FEMA units from the Hurricane Harvey relief effort, but the fundamentals of the market remain strong, production remains up over 2017, and shipments into the state have remained elevated above where they were through the first three quarters of 2017.
|Total for September:||646||712||1,358|
|Change from August:||-21.98%||-6.81%||-14.7%|
|Change from September of 2017:||-9.78%||13.02%||0.89%|
|Total for 2018 YTD:||7,418||6,156||13,574|
|Change from 2017 (%):||18.8%||14.02%||16.59%|
|Change from 2017 (Units):||1,174||757||1,931|