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2021 Economic Report

2021 Economic Report

Economic Reports

Kentucky's Shipment Numbers Up 12%

Overall for 2021, Kentucky's shipment numbers were up 12% for the year over an exceptional 2020. Multi-section continues to carry the weight with a 23% increase over 2020. However, single-section is down 4% from 2020.

Compared to the national numbers...

In December 2021, 8,014 new manufactured homes were produced, a decrease of 1,055 homes or 11.6 percent compared to November 2021, and an increase of 381 homes or 5.0 percent compared to December 2020. MHI's Monthly Economic Report includes numbers for both manufactured home production and shipments. The difference between the two is attributed to the number of homes that have been produced, but their destinations are pending.

The number of plants reporting production in December 2021 was 139 and the number of active corporations was 33, the same number of corporations yet one more plant than in the prior month.

In December 2021, 8,030 new manufactured homes were shipped, a decrease of 1,030 homes or 11.4 percent compared to November 2021, and an increase of 398 homes or 5.2 percent compared to December 2020. Compared with the same month last year, shipments of single-section and multi- section homes were both up, 2.8 percent and 7.1 percent, respectively. Total floors shipped in December 2021 were 12,656, an increase of 6.0 percent compared with the same month last year. There were 45 FEMA designated units produced in December 2021, whereas no FEMA units were produced in December 2020.

The seasonally adjusted annual rate (SAAR) of shipments was 105,628 in December 2021, down 1.3 percent compared to the adjusted rate of 107,047 in November 2021. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.

Cumulative shipments for 2021 totaled 105,775 homes compared with 94,401 homes in 2020, a net increase of 12.0 percent.

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