Texas Manufactured Housing Sales Market Analysis

April Preliminary Data

Starting again this month with the early data, April new home sales are -5.5% behind where March sales were one month ago and are currently down -22.6% from April of 2019.

March is the seasonal peak for MH sales and prior to 2018, it was common for sales to slide lower in April. For 2018 and 2019, April sales remained elevated and 2019 in particular was way up at this point a year ago, so the year-over-year comparison is accentuated by last year’s record high.

April of 2020’s 840 new home sales at this point trails April of 2018’s sales by -11.6%.

The average number of new homes titled per day finished May at 67.7 and are so far daily titles in June are averaging 70.8, which is just -2.6% behind last year’s 72.7.

New SalesSinglesMultisTotal
Total for April: 416 424 840
Change from March: 1% -11.1% -5.5%
Change from April of 2019: -23.5% -21.6% -22.6%
Used SalesSinglesMultisTotal
Total for April: 112 51 163
Change from March: -11.8% -22.7% -15.5%
Change from April of 2019: -28.7% -8.9% -23.5%

March Data

New home sales in March were up 15.3% over February at the close of the 75-day on-time titling window, and were down -13.1% from March of 2019. After tracking in line with single-section sales from November through January, multi-section sales have pulled away for the past two months.

New SalesSinglesMultisTotal
Total for March: 506 612 1,118
Change from February (%): 10.7% 19.3% 15.3%
Change from February (Units): 49 99 148
Change from March of 2019 (%): -23.6% -2.1% -13.1%
Change from March of 2019 (Units): -156 -13 -169

The median age for a single-section home came in 4 days below last month’s 113 days.

New Home Characteristics for MarchSinglesMultisTotal
Median Age (Days): 109 102 105
Average Square Feet: 1,134 1,758 1,476

Travis County saw a large increase in new home installations landing in the top spot with Harris and Liberty close behind.

Top Five Counties for New Installs this MonthTotalChange (MoM%)
Travis 51 112.5%
Harris 50 -2%
Liberty 50 35.1%
Ector 42 13.5%
Montgomery 40 -20%

Used home sales were down from last year, and were down slightly from February, although there were no large community title transfers for March like we saw for February.

Used SalesSinglesMultisTotal
Total for March: 186 81 267
Change from February: -11.4% 35% -1.1%
Change from March of 2019: -34.5% -18.2% -30.3%

Annual Totals

At the close of the 75-day window for March, the first quarter of 2020 was down 2.9% from 2019.

New SalesSinglesMultisTotal
Total for 2020 through March: 1,518 1,682 3,200
Change from 2019 (%): -5.3% -0.7% -2.9%
Change from 2019 (Units): -85 -12 -97

Single-section median age of homes has moved down from 2019, while multi-section homes continue to move up.

New Home Characteristics for 2020SinglesMultisTotal
Median Age (Days): 106 100.5 103.5
Average Square Feet: 1,112 1,779 1,463

Montgomery County remains number one for new home installations on the year, with Harris right behind it.

Top Five Counties for New Installs this YearTotalChange (YoY%)
Montgomery 144 22%
Harris 142 1.4%
Liberty 124 55%
Ector 105 -27.1%
Travis 104 -8%

Used SalesSinglesMultisTotal
Total for 2020 through March: 598 223 821
Change from 2019 (%): -7.6% -13.6% -9.3%
Change from 2019 (Units): -49 -35 -84

February Revisions

RevisionsSinglesMultisTotal
New sales increased: +36 +50 +86
Used sales increased: +19 +7 +26

Revised Monthly Totals

Because titles continue to come in for past months sales, I will now be running a table of all prior months and what their current sales totals are for the previous months of the year.

New Sales MonthSinglesMultisTotal
January 519 507 1026
February 493 563 1056
Used Sales MonthSinglesMultisTotal
January 183 74 257
February 228 67 295

Note: These calculations are based on titles processed by TDHCA through 2020-06-15. Late submissions will impact these figures going forward.

Charts

Note: These calculations are based on titles processed by TDHCA through 2020-06-15. Late submissions will impact these figures going forward.


Note: These calculations are based on titles processed by TDHCA through 2020-06-15. Late submissions will impact these figures going forward.


Note: These calculations are based on titles processed by TDHCA through 2020-06-15. Late submissions will impact these figures going forward.