Texas Manufactured Housing Sales in November 2019

Monday, February 17, 2020 10:52:00 AM

November

New home sales in November moved up over October and were up 20% over November of 2018.

Single-section homes led the month-over-month increase over October and came in above multi-section home sales for only the third month in 2019.

Both single-section and multi-section homes were well above their 2018 sales totals.

New SalesSinglesMultisTotal
Total for November: 589 570 1,159
Change from October (%): 14.1% -6.2% 3.1%
Change from October (Units): 73 -38 35
Change from November of 2018 (%): 15.5% 25.3% 20.1%
Change from November of 2018 (Units): 79 115 194

The median age of a new single-wide dropped by 29 days from last month, that’s an additional good sign for single-section shipments moving into 2020. The early data for December is tracking at 92 days, so the last two months of the year are running well below the 112 days for all of 2019.

New Home Characteristics for NovemberSinglesMultisTotal
Median Age (Days): 95 112 96.5
Average Square Feet: 1,108 1,764 1,431

New homes sales in Midland County doubled from last month and pushed it to the top of the list for number of home installations.

Liberty was down slightly but sales remained strong enough to keep it in the second spot.

Travis County saw a 75% increase in new homes to pull it up to third, and Montgomery and Ector counties rounded out the top five.

November marks the first time in 2019 that Harris County didn’t make a top five spot for new home installations.

Top Five Counties for New Installs this MonthTotalChange (MoM%)
Midland 58 100%
Liberty 57 -3.4%
Travis 56 75%
Montgomery 53 6%
Ector 45 2.3%

Used home sales had a strong month over both October and November of 2018.

Used SalesSinglesMultisTotal
Total for November: 207 92 299
Change from October: 24% 17.9% 22%
Change from November of 2018: 46.8% 8.2% 32.3%

Annual Totals

With the inclusion of the November sales data to date, 2019 is now tracking up 5% over 2018 and on pace for approximately 16,800 new home sales.

New SalesSinglesMultisTotal
Total for 2019 through November: 6,928 7,519 14,447
Change from 2018 (%): -4% 14.8% 5%
Change from 2018 (Units): -286 971 685

The median age of new homes sold on the year remained unchanged from last month, with single-sections getting slightly newer while multi-sections got slightly older.

New Home Characteristics for 2019SinglesMultisTotal
Median Age (Days): 112 93 105
Average Square Feet: 1,099 1,749 1,437

The top five counties for new home installations on the year were unchanged since last month.

Top Five Counties for New Installs this YearTotalChange (YoY%)
Harris 635 7.8%
Ector 579 14.9%
Montgomery 537 4.7%
Liberty 485 15.8%
Midland 482 -1.8%
Used SalesSinglesMultisTotal
Total for 2019 through November: 2,736 1,231 3,967
Change from 2018 (%): -8.6% 1.7% -5.7%
Change from 2018 (Units): -259 21 -238

December Preliminary Data

The early look at December new home sales point to 2019 ending with another strong month of growth over the preceding month and over 2018.

New SalesSinglesMultisTotal
Total for December: 447 435 882
Change from November: 4.7% 14.5% 9.3%
Change from December of 2018: 17.6% 15.7% 16.7%
Used SalesSinglesMultisTotal
Total for December: 152 86 238
Change from November: 4.1% 43.3% 15.5%
Change from December of 2018: 23.6% 24.6% 24%

October Revisions

RevisionsSinglesMultisTotal
New sales increased: +47 +87 +134
Used sales increased: +13 +10 +23

* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.

Charts

* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.

* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.

* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.