(Source: MHI Economic Report) – The manufactured housing industry closed out 2024 on a high note, with notable increases in production and shipments. December production saw an 11.3% year-over-year increase, contributing to an impressive 15.9% growth in year-to-date production.
Shipments also trended upward, with single-section homes rising 11.1% year-to-date, while multi-section shipments surged 19.7%. The overall seasonally adjusted annual rate (SAAR) of shipments reached 103,571 homes, reflecting a 7.3% increase compared to 2023.
Regionally, 8 out of 9 regions experienced shipment growth, with the East North Central region leading the way at a 58% year-over-year increase.
The West South Central and Pacific regions also showed solid growth. rising 13.4% and 12.95%, respectively.
FEMA did not receive any shipments in December, bringing its fiscal year total to 169 homes. The manufacturing landscape remained stable, with 152 plants and 38 manufacturers nationwide – no new plants were established last month, Manufactured housing continues to hold a strong place in the broader housing market, accounting for 8.9% of all single-family home starts in December 2024.
With sustained growth and regional expansion, the sector appears poised for continued success in 2025.
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