May Shipments increase 15.2 percent year-over-year
In May 2017, 7,848 new manufactured homes were shipped, an increase of 15.2 percent from May 2016, according to the Manufactured Housing Institute, the national trade organization representing the factory-built housing industry.
Shipments decreased month-to-month, down 8.9 percent from April 2017, a difference of 643 homes.
Compared with the same month last year, the trend reflected gains across the board, with shipments of single section and multi-section homes up by 15.1 percent and 15.3 percent respectively. Total floors shipped in May 2017 were 12,156, an increase of 15.5 percent compared with May 2016.
Adjusted annual shipments also up
The seasonally adjusted annual rate (SAAR) of shipments was 89,412 in May 2017, up 9.4 percent from the adjusted rate of 81,767 in April 2017. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.
The number of plants reporting production in May 2017 was 129 and the number of active corporations was 35. Compared to the previous month, both the number of plants and active corporations were unchanged.