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MHI February 2022 Economic Report

MHI February 2022 Economic Report

Economic Reports

a 16% increase of homes compared to February 2021


In February 2022, 9,281 new manufactured homes were produced, an increase of 171 homes or 1.9 percent compared to January 2022, and an increase of 1,286 homes or 16.1 percent compared to February 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 13 FEMA designated units produced in February 2022, whereas no FEMA units were produced in February 2021.

The number of plants reporting production in February 2022 was 140 and the number of active corporations was 33, the same number of plants and corporations as in the prior month.

In February 2022, 9,275 new manufactured homes were shipped, an increase of 165 homes or 1.8 percent compared to January 2022, and an increase of 1,283 homes or 16.1 percent compared to February 2021. Compared with the same month last year, shipments of single-section and multi- section homes were both up, 14.8 percent and 17.0 percent, respectively. Total floors shipped in February 2022 were 14,641, an increase of 16.2 percent compared with the same month last year.

The seasonally adjusted annual rate (SAAR) of shipments was 115,256 in February 2022, up 1.9 percent compared to the adjusted rate of 113,078 in January 2022. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.

Cumulative shipments for January and February this year totaled 18,385 homes compared with 16,471 homes for the same two months of 2021, a net increase of 11.6 percent.

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