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MHI June 2023 Economic Report

MHI June 2023 Economic Report

Economic Reports

in June 2023, 8,179 new manufactured homes were shipped...


Compared to the National Trend

In June 2023, 8,179 new manufactured homes were shipped, an increase of 281 homes or 3.6 percent compared to May 2023, and a decrease of 3,193 homes or 28.1 percent compared to June 2022. Compared with the same month last year, shipments of both single-section and multi-section homes were down, by 28.2 percent and 27.9 percent, respectively. Total floors shipped in June 2023 were 12,642, a decrease of 4,939 floors or 28.1 percent compared with the same month last year.

The seasonally adjusted annual rate (SAAR) of shipments was 89,521 in June 2023, up 1.6 percent compared to the adjusted rate of 88,105 in May 2023. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.

Cumulative shipments through June this year totaled 43,893 homes compared with 61,650 homes for the first six months of 2022, a net decrease of 28.8 percent.

In June 2023, 8,169 new manufactured homes were produced, an increase of 300 homes or 3.8 percent compared to May 2023, yet a decrease of 3,204 homes or 28.2 percent compared to June 2022. 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. Of the homes produced, 33 were FEMA designated units for Alabama.

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