MHI April 2022 Economic Report
an increase of 921 homes compared to April 2021
In April 2022, 10,165 new manufactured homes were produced, a decrease of 1,114 homes or 9.9 percent compared to March 2022, and an increase of 921 homes or 10.0 percent compared to April 2021. 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. There were 41 FEMA designated units produced in April 2022, whereas no FEMA units were produced in April last year.
The number of plants reporting production in April 2022 was 141 and the number of active corporations was 33, the same number of plants and corporations as in the prior month.
In April 2022, 10,168 new manufactured homes were shipped, a decrease of 1,100 homes or 9.8 percent compared to March 2022, and an increase of 909 homes or 9.8 percent compared to April 2021. Compared with the same month last year, shipments of single-section homes were up by 26.1 percent, while shipments of multi-section homes were down by 0.9 percent. Total floors shipped in April 2022 were 15,790, an increase of 5.9 percent compared with the same month last year.
The seasonally adjusted annual rate (SAAR) of shipments was 124,424 in April 2022, up 3.9 percent compared to the adjusted rate of 119,810 in March 2022. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.
Cumulative shipments for January through April this year totaled 39,821 homes compared with 35,723 homes for the same four months of 2021, a net increase of 11.5 percent.