Know this! HUD-Code manufactured housing (‘MH’) is federally-regulated, performance-based, affordable-attainable factory-built housing (a.k.a. offsite construction). And land lease communities (a.k.a. manufactured home communities & ‘mobile home parks’) comprise the commercial real estate (‘CRE’) component of MH! EducateMHC is the online advocate, official historian, trade term and trend tracker, as well as information resource for both business models, and to some extent, for the recreational vehicle (‘RV’) industry as well. Access EducateMHC via (317) 881-815; email gfa7156@aol.com, & via www.educatemhc.com to purchase Community Management in the Manufactured Housing Industry, and SWAN SONG, a history of land lease communities & official record of annual MH production totals since 1955. And m autobiography, From SmittyAlpha6 to MHMaven, describes personal combat adventures in Vietnam as a USMC lieutenant, a 45 year entrepreneur business career in MH & community ownership, as well as prolific non-fiction author and popular freelance consultant.
George Allen is the sole emeritus member of the Manufactured Housing Institute (‘MHI’), a founding board member of MHI’s National Communities Council (‘NCC’) division, an RV/MH Hall of Fame enshrinee, MHInsider magazine ‘Allen Legacy’ columnist and editor at large. He’s a Vietnam combat veteran and retired lieutenant colonel of U.S. Marines, and author/editor of 30 books & chapbooks on MH, communities, business management, prayer & figures of speech.
Stats from ‘Whole US Housing Story’ for May 2024
Here’re key statistics from the ‘Whole US Housing Story’, for May 2024, researched and published exclusively by George Allen at www.EducateMHC.com
9,408 new HUD-Code manufactured housing units were produced during May 2024
+2,128 modular & panelized (i.e. ‘prefab’) housing units estimated during May 2024
+363 Park Model recreational vehicles (‘RVs’) produced during May 2024; down 24.5%
= 11,899 subtotal of the three previous factory-built offsite construction production totals!
+1,277,000 US Census estimated # of single-family site-built housing starts during May 2024
=1,288,899 estimated grand total of offsite & onsite US housing starts during May 2024!
What you just read. The first known researched and published monthly estimate of total housing starts in the U.S., the Whole US Housing Story! If you’d like to know how each of the housing types was researched (e.g. using IBTS, RVIA, U.S. Census Bureau data, etc.), request a free copy of the ‘Whole U.S. Housing Story for May 2024’ via gfa7156@aol.com
The Rest of the MH Story!
By now, most businessmen and women in the manufactured housing industry are familiar with EducaateMHC’s excclusively researched and published monthly ‘MHShipment Volume & Stock Market Report’. Well, here’re a few key stats from the May 2024 shipment report and 3 July 2024 stock market report.
May’s MH 9408 units are well above the 8971 produced the previous month, and above the 7869 produced during May 2023. So the production trend continues upward! Good News!
Furthermore; Year To Date (‘YTD’) totals? As of May 2024, we’ve produced 42,456 new HUD-Code homes, compared to only 35,719 YTD produced a year ago during the same time period.
MH $ values? Using Dr. Stephen C. Cooke’s decade-old estimated ‘production value’ of a new HUD-Code home @ $43,125 May’s 9408 new MHs = value of $405,000,000. And YTD 42,456 new MHs = $1.82 billion! Wouldn’t it be strategic to know the total economic impact of our new MHs on regional and national economies? And, IMHO, we should surely include land lease community rent impact in that research and reporting! Anyone at MHI & MHARR listening?
Relative to the stock market report for 3 July 2024. Stock prices, among the ten public firms (i.e. ½ manufacturers & ½ REITs) were a mixed bag during July. But the Composite Stock Index (‘CSI’) increased from June 2024.
State of the Nation’s Housing 2024; JCHS @ Harvard University
Here’s the Executive Summary of the subject report: “Both homeowners and renters are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the market by elevated home prices and interest rates. Homeowner cost burdens are also on the rise, driven by growing taxes and insurance costs. For renters, the number with cost burdens has hit an all-time high as rents have escalated. While single-family construction is accelerating and a surge of new multifamily rental units is slowing rent growth, any gains in affordability are likely to be limited by robust household growth, ongoing development constraints, and high construction costs. All stakeholders must work together to address the affordability crisis and many related urgent housing challenges, including the inadequate housing safety net, the record number of people experiencing homelessness, and the growing threat of climate change.”
You Reading ‘Offsite Builder’ Magazine? You should!
Why? Because it’s NOT a HUD-Code manufactured housing trade publication – but one that’s demonstrating an increasing interest in the manner in which we pursue our unique Business Model. It’s focus or foci (?) is ‘industrialized construction’ (Do you recall ‘Automated Builder’ magazine of years past?) a.k.a. offsite construction. And yes, HUD-Code manufactured housing is one type of factory-built housing that fits under that variegated umbrella. In fact, in the current issue of ‘Offsite Builder’ (i.e. June 2024, on page # 15) Colby Swanson – Executive in Residence at the advisory firm of ADI Ventures, opines – in a caption under a color photo of five HUD-Code homes, “… offsite construction can and should become more like HUD-Code mobile home (sic) manufacturing. These mobile homes (sic) are in Thermal, CA.”
To subscribe by mail or digitally: visit offsitebuilder.com
George Allen
Blog Posting # 801; Copyright 12 July 2024. EducateMHC
Know this! HUD-Code manufactured housing (‘MH’) is federally-regulated, performance-based, affordable-attainable factory-built housing (a.k.a. offsite construction). And land lease communities (a.k.a. manufactured home communities & ‘mobile home parks’) comprise the commercial real estate (‘CRE’) component of MH! EducateMHC is the online advocate, official historian, trade term and trend tracker, as well as information resource for both business models, and to some extent, for the recreational vehicle (‘RV’) industry as well. Access EducateMHC via (317) 881-815; email gfa7156@aol.com, & via www.educatemhc.com to purchase Community Management in the Manufactured Housing Industry, and SWAN SONG, a history of land lease communities & official record of annual MH production totals since 1955. And m autobiography, From SmittyAlpha6 to MHMaven, describes personal combat adventures in Vietnam as a USMC lieutenant, a 45 year entrepreneur business career in MH & community ownership, as well as prolific non-fiction author and popular freelance consultant.
George Allen is the sole emeritus member of the Manufactured Housing Institute (‘MHI’), a founding board member of MHI’s National Communities Council (‘NCC’) division, an RV/MH Hall of Fame enshrinee, MHInsider magazine ‘Allen Legacy’ columnist and editor at large. He’s a Vietnam combat veteran and retired lieutenant colonel of U.S. Marines, and author/editor of 30 books & chapbooks on MH, communities, business management, prayer & figures of speech.
Stats from ‘Whole US Housing Story’ for May 2024
Here’re key statistics from the ‘Whole US Housing Story’, for May 2024, researched and published exclusively by George Allen at www.EducateMHC.com
9,408 new HUD-Code manufactured housing units were produced during May 2024
+2,128 modular & panelized (i.e. ‘prefab’) housing units estimated during May 2024
+363 Park Model recreational vehicles (‘RVs’) produced during May 2024; down 24.5%
= 11,899 subtotal of the three previous factory-built offsite construction production totals!
+1,277,000 US Census estimated # of single-family site-built housing starts during May 2024
=1,288,899 estimated grand total of offsite & onsite US housing starts during May 2024!
What you just read. The first known researched and published monthly estimate of total housing starts in the U.S., the Whole US Housing Story! If you’d like to know how each of the housing types was researched (e.g. using IBTS, RVIA, U.S. Census Bureau data, etc.), request a free copy of the ‘Whole U.S. Housing Story for May 2024’ via gfa7156@aol.com
The Rest of the MH Story!
By now, most businessmen and women in the manufactured housing industry are familiar with EducaateMHC’s excclusively researched and published monthly ‘MHShipment Volume & Stock Market Report’. Well, here’re a few key stats from the May 2024 shipment report and 3 July 2024 stock market report.
May’s MH 9408 units are well above the 8971 produced the previous month, and above the 7869 produced during May 2023. So the production trend continues upward! Good News!
Furthermore; Year To Date (‘YTD’) totals? As of May 2024, we’ve produced 42,456 new HUD-Code homes, compared to only 35,719 YTD produced a year ago during the same time period.
MH $ values? Using Dr. Stephen C. Cooke’s decade-old estimated ‘production value’ of a new HUD-Code home @ $43,125 May’s 9408 new MHs = value of $405,000,000. And YTD 42,456 new MHs = $1.82 billion! Wouldn’t it be strategic to know the total economic impact of our new MHs on regional and national economies? And, IMHO, we should surely include land lease community rent impact in that research and reporting! Anyone at MHI & MHARR listening?
Relative to the stock market report for 3 July 2024. Stock prices, among the ten public firms (i.e. ½ manufacturers & ½ REITs) were a mixed bag during July. But the Composite Stock Index (‘CSI’) increased from June 2024.
State of the Nation’s Housing 2024; JCHS @ Harvard University
Here’s the Executive Summary of the subject report: “Both homeowners and renters are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the market by elevated home prices and interest rates. Homeowner cost burdens are also on the rise, driven by growing taxes and insurance costs. For renters, the number with cost burdens has hit an all-time high as rents have escalated. While single-family construction is accelerating and a surge of new multifamily rental units is slowing rent growth, any gains in affordability are likely to be limited by robust household growth, ongoing development constraints, and high construction costs. All stakeholders must work together to address the affordability crisis and many related urgent housing challenges, including the inadequate housing safety net, the record number of people experiencing homelessness, and the growing threat of climate change.”
You Reading ‘Offsite Builder’ Magazine? You should!
Why? Because it’s NOT a HUD-Code manufactured housing trade publication – but one that’s demonstrating an increasing interest in the manner in which we pursue our unique Business Model. It’s focus or foci (?) is ‘industrialized construction’ (Do you recall ‘Automated Builder’ magazine of years past?) a.k.a. offsite construction. And yes, HUD-Code manufactured housing is one type of factory-built housing that fits under that variegated umbrella. In fact, in the current issue of ‘Offsite Builder’ (i.e. June 2024, on page # 15) Colby Swanson – Executive in Residence at the advisory firm of ADI Ventures, opines – in a caption under a color photo of five HUD-Code homes, “… offsite construction can and should become more like HUD-Code mobile home (sic) manufacturing. These mobile homes (sic) are in Thermal, CA.”
To subscribe by mail or digitally: visit offsitebuilder.com
George Allen