Manufactured home shipments expanded in September rising 2.2% over August with both months having the same number of production days. The 1,359 homes shipped beat our forecast as expected and the rise stemmed from growth in single-section units, which were up almost 15% over the preceding month. Multi-section shipments were down 7.7% but still came in 11 homes above the singlewide total. Both structure types were up over September 2019 but with an extra day of production this year, run rates for Texas home deliveries were -3% behind last year.
Single-section homes made up 49.6% of September shipments, their highest share on the year.
Texas total plant production crested 1,800 homes for the first time since Q1 however, and was up 6.5% over August. Interstate shipments hit their highest total on the year at 494 homes, up 16.2% over August. That’s the highest total of homes shipped out of state we’ve seen since January of 2017 and helped push September production to the highest total we have in our eight year series.
The 12-month moving average for shipments in Texas has been flat at approximately 1,330 homes for the last three months.
October is on average the peak month of the year for MH shipments, our point forecast for the month is 1,433 (+/- 286). The month had one less production day this year than it did in 2019.
|Total for September:||674||685||1,359|
|Change from August (%):||14.6%||-7.7%||2.2%|
|Change from August (Units):||86||-57||29|
|Change from September of 2019 (%):||3.4%||0.3%||1.8%|
|Change from September of 2019 (Units):||22||2||24|
|Total for 2020 YTD:||5,589||6,338||11,927|
|Change from 2019 (%):||3.3%||4.9%||4.1%|
|Change from 2019 (Units):||181||294||475|
Here are the annual totals for manufactured home shipments in Texas from 2012 through 2019.